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mMm FEDERAL statistical RESERVE release For immediate release August 27, 1965 Reserve Positions of Major Reserve City Beaks Reserve Period Ended August 18, 1965 (In millions of dollars unless otherwise noted) 46 hanks Reserve excess or deficiency (-) l/ 38 hanks out5 hanks 33 other 8 hanks in lew York City side lev York in Chicago hanks 31 13 18 -2 20 Less: Borrowings from Reserve Banks 228 4 223 66 157 Less: let interbank Federal funds purchases or sales ( - ) 2/ 679 239 44l 143 298 -876 -230 -646 -211 -435 9.2 6.1 11.2 22.1 9-0 Equals: let "basic reserve surplus or deficit (-); a. let amount t>. As per cent of average required reserves l/ Reserves held after all adjustments applicable to the reporting period less the SUB of required reserves and carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Reserve City Banks* Mote: — Averages of daily figures. H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended August 18, 1965 (In millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 46 banks Hew York City side Hew York in Chicago banks A. Interbank Federal funds transactions 1.ffr96PtPWSSctiLOUL a. Purchases b. Sales 2. Total 2-way transactions l/ 2,051 1,372 857 618 1,194 754 308 165 887 589 1,100 55^ 546 134 412 952 303 649 . 174 475 272 64 208 31 177 679 239 441 143 298 792 602 190 18 173 71 71 721 531 3. Total net transactions a. let purchases of met buying banks b. Set sales of net selling banks c. Bet purchases or sales (-) B. Belated transactions with U. 8 . Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3. Bet loans - - 190 V 18 1/ Derived from overages for Individual banks far entire week, figure for each tank Indicates extent to which Its weekly average purchases and sales axe offsetting; that 1s, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals net purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other Issues. Hofce: — Averages of daily figures. - - 173 ,
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