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//7'lsi„ <- V/coVLV'^ For Immediate release December 14, 1964 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 2, 1964 M 'Ijli3 -1. j ( j q Billions of dollars unless otherwise noted) '4L fii'y. 5 "banks 33 other 8 "banks in 38 "banks out46 "banks Hey York City side New York in Chicago banks 6 8 -Less: Borrowings from Reserve Banks 117 117 Lesst Net interbank Federal funds • purchases or sales ( - ) 2/ 440 41 399 111 288 -551 -43 -508 -144 -364 5-8 1.2 8.8 14.9 {Reserve excess or deficiency ( - ) l / - 1 9 32 85 fequalst Net basic reserve surplus > or d e f i c i t ( - ) t a. .-b "> Net amount "b. As per cent of average r e quired reserves 0/ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the sum of required reserves and carryover reserve d e f i c i e n c i e s . »> 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. .Jtotet — 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 the Week Ended December 2, 1964 ( i n millions of dollars) 8 banks i n 38 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transaction* a. b. Purchases Sales 2. Total 2-vay transactions 1/ 1,905 1,465 969 928 935 537 239 129 696 995 580 415 125 291 408 3* Total net transactions a. b. c. Net purchases of e a t buying banks Net sales of net selling banks Net purchases or sales (-) ' 910 390 520 115 406 >70 348 121 4 117 440 41 399 111 288 B. Related transactions with U. S. Government s e c u r i t i e s dealers 1. Loans t o dealers 2/ 2. Borrowings from dealers j / 3* Net loans l/ 0 1,076 831 93 93 983 738 245 100 145 - - — - - 245 100 X Derived from averages f o r Individual "banks for entire week. Figure f o r each tank indicates extent t o vhich i t s weekly average purchases and sales are o f f s e t t i n g ; t h a t i s , i t i s the l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying hanks. Similarly, gross sales l e s s 2-way transactions equals net sales of net selling banks. 2/ Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. 2/ V 145 Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other Issues. Note: — Averages of d a i l y f i g u r e s . .