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FEDERAL O? GOy^ statistical RESERVE release -fets For immediate release May 28, 1965 H.5 Reserve Positions of Major Reserve City Bank# Be serve Period Ended May 19# 1965 (In Billions of dollars unless otherwise noted) 46 hanks - 8 banks in 38 banks out- 5 banks 33 other low York City side Rev Too* in Chicago hanks JReserve excess or deficiency (-) l/ -5 -4 -1 -2 1 Less: Borrowings from Reserve Banks 168 38 131 3 127 398 51 344 112 232 -568 -92 -476 -117 -358 5-9 2.4 8.3 11.9 7-5 Lesst let interbank Federal funds - purchases or sales (-) 2/ Btuals: Set basic reserve surplus or deficit (-); r * a. let amount h. As per cent of average required reserves 1/ Reserves held after all adjustawnts applicable to the reporting period leas the required reserves and carryover reserve defleienoies. 2/ for details see Federal Funds Transactions of Major Reserve City Banks. ,Iotet — Averages of daily flgaraa. 1.5(a) Federal Funds Transactions of Major Reserve City Bank# for the Week Ended May 19, 1965 (in millions of dollars) 46 banks 8 banks in 38 banks oat- 5 banks 33 otter Hew York City aid* lew lark in Chicago beaks A. Interbank Federal funds transactions 1. Oross transactions a. Purchases b. Sales 1,968 1,574 882 832 1,086 742 299 187 787 555 1,082 568 514 134 380 886 314 572 165 407 491 263 228 53 175 394 51 344 112 232 1,059 655 405 26 378 2. Borrowings from dealers 5/ 116 106 10 3* Bet loans 944 549 395 2. Total 2-waar transactions 1/ 3* Total net transactions a. Vet purchases of met buying banks b. Bet sales of net selling banks c* let purchases or sales (-) B. Belated transactions with U. 8 . Government securities dealers 1* leans to dealers 2/ 10 26 l/ Derived from averages for Individual "banks for entire week* Figure for each tank 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-way transactions equals net sales of net selling banks* 2f Federal funds loaned, net funds supplied to each dealer " y clearing banks, b repurchase agreements (purchases of securities free dealers subject to resale) or other lending arrangements* 2/ 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. Rote: — Averages of daily figures. 368
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