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FEDERAL statistical 1.5 * > RESERVE release For Immediate release December IT, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 8, 1965 (in millions of dollars unless otherwise noted) • «Y • --1 46 banks I >' 8 banks in 38 banks out- 5 banks 33 other Rev York City side Rev York in Chicago banks 12 50 Reserve excess or deficiency (-) 1/ 120 58 62 Less: Borrowings free Reserve Banks 143 39 103 Less: Ret interbank Federal funds purchases or sales (-) 2/ 708 309 399 -80 479 -730 -290 -U4o 92 -532 7-5 7.6 7.4 9.1 10.8 103 Equals: Ret basic reserve surplus r * or deficit (-): t- a. Net amount b. As per cent of average required reserves 1 l> 1/ Reserves held after all adjustments applicable to the reporting period less the sua of required reserves and carryover reserve deficiencies. t2/ for details see Federal Funds Transactions of Major Reserve City Banks. v ^ Rote: — Averages of daily figures. u ir * • 1.5(a) Federal Funds Transactions of Major Reserve City Banks tor the Week Ended December 8, 1965 (In Millions of ddllars) 46 banks 8 banks In 38 banks out- 5 banks 33 other Sew York City side Sew York in Chicago banks A. Interbank Federal funds transactions 1. gross transaction. 1,787 1,080 770 461 1,017 618 234 314 784 305 841 399 442 194 248 946 371 575 39 536 238 62 176 119 57 708 309 399 -60 479 1. Loans to dealers 2/ 847 682 166 . 11 154 2. Borrowingsfiremdealers 5/ l4l 92 49 3« Set loans 706 590 116 a. Purchases b. Sales 2. Total 2-vay transactions 1/ 3. Total net transactions a. Net purchases of met buying banks b. Set sales of net selling banks c. Set purchases or sales (-) B. Belated transactions with D. S. Government securities dealers -- 11 l/ Derived from averages for Individual "banks for entire week. Figure for each bank Indicates extent to which Its weekly average purchases and sales are offsetting; that is, 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-vay 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. j/ 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. Mote: — Averages of daily figures. 49 105