The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
mi* P § ® § @ M 11 *g?Ta "mMm EUSillW For immediate release November 20, 1964 &5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 11, 1964* (in millions of dollars unless otherwise noted) 46 banks o9 8 banks in 38 banks out- 5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) 1/ 10 2 Less: Borrowings from Reserve Banks 210 less: Net interbank Federal funds *purchases or sales (-) 2/ ' 8 2 73 136 136 795 429 367 109 257 -995 -500 -495 -104 -392 10.8 14.0 8.7 10.9 8.3 S Quale: Net basic reserve surplus ,or deficit (-): a. Net amount - -V b. As per cent of average required reserves 1/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. •r 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Npte: — Averages of daily figures. * Because the reserve week ended on a holiday in some districts, member banks in those districts were entitled to use a six-day reserve period in computing their reserve requirements. 4 New York, 2_ Chicago and £ other reserve city banks chose a six-day -1 reserve week. This table, however, is compiled on a seven-day basis with no adjustments for those banks using a six-day reserve period. S.5(a) ^ ,* Federal Funds Transactions of Major Reserve City Banks for the Week Ended November 11, 1964 (in millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks t* >» A. Intertiank Federal funds transactions 1. Gross transactions ».-( a. Purchases b. Sales 2. Total 2-way transactions 1/ 1,788 992 821 392 966 600 251 142 715 458 860 392 467 l4l 327 928 429 499 111 389 133 1 132 367 109 257 3. Total net transactions i 1 v v L a. Net purchases of net "buying "banks "b. Net sales of net selling "banks c. Net purchases or sales (-) 133 795 . - - 429 6 I B. Related transactions with U. S. Government securities '> dealers 1,027 791 236 94 142 2. Borrowings ffoot dealers jJ 130 82 48 -- 48 3» Net loans 897 708 188 94 94 1. Loans to dealers 2/ * 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-way transactions equals net sales of net selling hanks. *2/ Federal funds loaned, net funds supplied to each dealer "by clearing "banks, •v repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. *f Federal funds "borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repur* chase), resale agreements, and borrowings secured by Gov't* or other Issues. HotelAverages of dally figures* •
@FedFRASER