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li\v/i S ^11 mm. [(Ill For immediate release January 33,, 1965 Reserve Poeitime of Major Reserve City Beeerre Period. Ended December 30, 1964 ( l a millions of dollars unless otherwise noted) >> # 46 hanks * ^Reserve excess or deficiency ( - ) l / d hanks in 38 hanks out5 banks 33 other lew York City side l e v York i n Chicago hanks 39 24 3 20 309 90 219 76 143 898 426 472 121 351 -1,145 -477 -668 -194 -474 11.8 " 12.3 11.4 19.5 62 • *ess: Borrowings f r o o Reserve "Ebbsj l e t interbank Federal funds ^ purchases or sales ( - ) 2 / "Equals: l e t basic reserve surplus » or d e f i c i t ( - ) ; a. •" Het amount b« As per cent of average r e quired reserves ( H 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 deficiencies. j/ *®r d e t a i l s see Federal Funds Transactions of Major Reserve City Banks* [40*: — Averages of d a i l y f i g u r e s . J > < % $ <5^ fffSERVE-SN^ 0$ F IT 1.5(a) Federal Funds Transactions of Major Reserve City Bank* f o r the Week Ended December 30, 1964 (In millions of d o l l a r s ) 8 banks In 38 banks out- 5 banks 33 other 46 banks l e v York City side Hew York in Chicago beaks A. Interbank Federal funds transactions 1. GrPPP transactions a. b. Purchases Sales ! . , 2. Total 2-vay transactions 1/ 1,886 987 924 498 961 489 258 137 703 352 884 453 431 109 322 1,002 471 530 149 382 104 45 58 27 31 898 426 472 121 351 1,139 883 256 84 172 98 98 — —• 256 84 3* Total net transactions a* Met purchases of met buying banks b . Set sales of net s e l l i n g banks c . Bet purchases or sales (-) 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 f r e e dealers 1,041 3* Bet loans 785 W Derived frcet averages f o r Individual "banks for e n t i r e week* Figure f o r each tank Indicates extent t o which 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-vay t r a n s actions equals net purchases of net buying hanks* Similarly, gross sales l a s s 2-way transactions equals net sales of net selling hanks* 2/ Federal funds loaned, net funds supplied t o each dealer "by clearing banks, repurchase agreements (purchaseb of securities frost dealers subject t o r e s a l e ) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of s e c u r i t i e s t o dealers subject t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, oar other i s s u e s . Mote: — Averages of d a i l y f i g u r e s . - 172 !