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For immediate r e l e a s e A p r i l 9, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 31, 1965 (In millions of d o l l a r s unless otherwise noted) "banks 38 banks out5 hanks 33 other 8 banks i n i n Chicago hanks Hew York City side Hew York Reserve excess or deficiency ( - ) 1/ 112 58 54 19 35 Less: 278 85 193 169 24 524 440 84 l4i -57 -690 -467 -223 -291 68 7-3 12.4 3-9 30.I 1.4 Borrowings from Reserve Banks Less: Set interbank Federal funds purchases or sales ( - ) 2 / Equals: Ret basic reserve surplus or d e f i c i t ( - ) : a. Ret amount b. As per cent of average r e quired reserves ' 1/ 2/ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s t h e sue of required reserves and carryover reserve d e f i c i e n c i e s . For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Mote: — Averages of d a i l y f i g u r e s . H.5(a) Federal Funds Transactions of Major Reserve City Banks f o r t h e Week Ended March 31, 1965 ( i n m i l l i o n s of d o l l a r s ) 8 banks I n 38 banks o u t - 5 banks 33 other 46 banks lew York City side New York In Chicago banks A. Interbank Federal funds transactions 1. Gross t r a n s a c t i o n s Purchases Sales 1,880 1,356 957 517 946 486 934 ON CO a. b. 263 122 716 461 110 351 472 462 153 309 409 31 378 12 366 524 440 84 l4l -57 1. Loans t o d e a l e r s 2 / 858 553 305 30 275 2. Borrowings from d e a l e r s 3 / 148 119 29 3 • Net loans 710 434 276 2. Total 2-way t r a n s a c t i o n s l / 659 3 • T o tal n e t t r a n s a c t i o n s a. b. c. Net purchases of n e t buying banks Net s a l e s of n e t s e l l i n g banks Net purchases or s a l e s (-) B. Related t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers - - 30 1/ Derived from averages f o r i n d i v i d u a l t a n k s f o r e n t i r e week. Figure fear eaeh t a n k i n d i c a t e s extent t o which i t s weekly average purchases and s a l e s a r e o f f s e t t i n g ; t h a t i s , i t i s t h e l e s s e r of t h e two amounts. Gross purchases l e s s 2-way t r a n s a c t i o n s equals n e t purchases of net buying banks. S i m i l a r l y , gross s a l e s l e s s 2-way t r a n s a c t i o n s equals n e t s a l e s of n e t s e l l i n g banks. 2/ Federal funds loaned, net funds supplied t o each d e a l e r by c l e a r i n g banks, repurchase agreements (purchases of s e c u r i t i e s from d e a l e r s subject t o r e s a l e ) or other lending arrangements. 5/ Federal funds borrowed, n e t funds acquired from each d e a l e r by c l e a r i n g banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s s u b j e c t t o r e p u r chase), r e s a l e agreements, and borrowings secured by G o v ' t , or other i s s u e s . Note: - - Averages of d a i l y f i g u r e s . 29 245
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