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FEDERAL statistical RESERVE release For immediate release January 22, 19&5 Reserve Positions of Major Reserve City Beaks Reserve Period Ended January 13# 1965 ( I n millions of d o l l a r s unless otherwise noted) r k6 hanks Reserve excess or deficiency ( - ) 1/ * Less: Borrowings from Reserve Banks J/$6b: Met interbank Federal funds purchases or s a l e s ( - ) 2 / 38 banks o u t 5 hanks 33 other 8 hanks i n Hew York City side Hew York i n Chicago hanks 43 14 29 -3 32 317 161 155 30 125 1,295 829 466 156 310 -1,568 -976 -592 -189 -404 16.5 26.0 10.3 19.4 8.4 Equals: Set "basic reserve surplus " or d e f i c i t ( - ) ; V a. Ret amount t>. As per cent of average r e quired reserves *1/ 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 sum of required reserves and carryover reserve d e f i c i e n c i e s . A 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Hate: — 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 January 13, 1965 ( i n millions of d o l l a r s ) 38 banks out- 5 banks 33 other 8 banks i n 46 banks Hew York City side l e v York i n Chicago banks A. Interbank Federal funds transactions 1. Gross trapsact&ops a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / 2,286 991 1,158 330 1,128 284 128 844 534 815 330 486 115 370 1,471 829 642 169 473 176 13 163 662 3. Total net t r a n s a c t i o n s a. b. c. Net purchases of net buying banks Set sales of net s e l l i n g banks Net purchases or sales (-) 176 1,295 829 466 156 310 1,401 877 524 145 379 127 127 - - " - - 1,274 750 524 145 379 B. Related t r a n s a c t i o n s with U. S. 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 j / 3* Net loans l/ Derived f r e e averages f o r individual tanks f o r e n t i r e week. Figure f o r each 'bank indicates extent t o which i t s weekly sever age 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 amounts. Gross purchases l e s s 2-way transactions equals net purchases of net buying "banks. Similarly# gross sales l e s s 2-way t r a n s a c t i o n s equals net s a l e s of net s e l l i n g hanks. 2/ Federal funds loaned, net funds supplied t o each dealer by c l e a r i n g hanks, 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. 5/ 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, and borrowings secured by Gov't* or other i s s u e s . Note: — Averages of d a i l y f i g u r e s .