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FEDERAL statistical RESERVE release s •f*4LRt . Far Immediate release August 6, 1965 1.5 L, * Reserve Positions of Major Reserve City Beaks Reserve Period Ended J u l y 28, 1965 ( i n Millions of d o l l a r s unless otherwise noted) • k6 hanks rReserve excess or d e f i c i e n c y ( - ) 1 / 8 hanks i n 30 hanks o a t 5 hanks 33 other lew York City side l e v York i n Chicago hanks 16 5 u -2 13 *Less: Borrowings fir* Reserve Banks 185 7 178 19 159 less* l e t interbank Federal funds purchases or s a l e s ( - ) 2 / 139 -429 568 193 374 Equals: l e t b a s i c reserve surplus * or d e f i c i t ( - ) ; a. 1 s t amount "b# As per cent of average r e quired reserves yl/ 2/ - -308 kzi -735 -215 *521 3-2 11.2 12.7 22.2 10.8 Reserves held a f t e r a l l adjustments applicable t o t h e r e p o r t i n g period l e s s t h e repaired 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. Vote: — Averages of d a i l y f i g u r e s . 1.5(a) Federal Funds Transactions of Major Reserve City Banks f o r t h e Week Ended July 28, 1965 ( i n Millions of d o l l a r s ) 46 banks 6 banks i n 38 banks out- 5 banks 33 other lew York City side lew York I n Chicago banks A. Interbank Federal funds transactions 1. a ™ . . +TMlftflrt1lfnf a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s 1 / 1,895 1,756 660 1,089 1,234 667 311 118 923 549 996 444 552 102 450 898 217 682 209 473 760 645 114 16 98 139 - -429 568 193 374 873 569 304 12 292 90 90 - - — — 783 479 304 12 292 3» Total n e t t r a n s a c t i o n s a. b. e. l e t purchases of met buying banks l e t s a l e s of n e t s e l l i n g banks Set purchases or s a l e s (-) B. Belated transaeticms with 0 . 8 . Government s e c u r i t i e s dealers 1 . Loans t o d e a l e r s 2 / 2 . Borrowings from d e a l e r s £ / 3 . Bet loans l/ Derived from averages f o r Individual tanks f o r e n t i r e week. Figure f o r aaeh bank 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 are 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 —mints* Gross purchases l e s s 2-way t r a n s actions equals n e t purchases of net buying banks. Similarly, gross s a l e s l a s s 2-way t r a n s a c t i o n s equals n e t aalea of net s e l l i n g banke. 2/ Federal funds loaned, net funds supplied t o eaoh dealer 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. 2/ Federal funds borrowed, net funds acquired from each dealer 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 subject t o repurchase), r e s a l e agreements, end borrowings secured by Gov't, or other I s s u e s . Mote: — Averages of d a i l y f i g u r e s .