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FEDERAL o ? GQVfr • RESERVE • release For immediate release October 1, 1965 Reserve Positions of Major Reserve City ***** Reserve Period Ended September 22, 1965 1.5 > * • » (In millions of dollars unless otherwise noted) • 46 banks *Reserve excess or deficiency ( - ) l / Less: Borrowings f r e e Reserve Banks %essi l e t interbank Federal funds purchases or sales ( - ) 2 / 8 banks in 38 banks out5 banks 33 other l e v York City side l e v York i n Chicago banks 9 k 4 398 161 237 40 196 1,350 518 833 228 605 -1,739 -674 -1,065 -268 -797 17.7 17-1 18.1 26.5 16.4 - - k Equals: Set basic reserve surplus or d e f i c i t ( - ) ; v r. a. Het amount b. As per cent of average r e quired reserves *l/ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the required reserves and carryover reserve deficiencies* k r ^2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. f Mote: — Averages of d a i l y f i g u r e s . H.5(») Federal Funds Transactions of Major Reserve City Bank# f o r the Week Ended September 22, 1965 (In millions of dollars) 8 banks i n 38 banks out- 5 banks 33 other 46 banks lew York City side l e v York in Chicago banks A. Interbank Federal funds transactions 1. Gregg transaction* a. b. Purchases Sales 2. Total 2-way transactions 1/ 1 ' 2,199 848 935 4i8 1,263 430 354 127 909 303 760 4i8 342 114 228 1,438 518 921 240 681 88 13 75 3» Total net transactions a. b. c. l e t purchases of mat buying banks Bet sales of net selling banks l e t purchases or sales (-) 88 1,350 518 833 228 605 1. Loans t o dealers 2/ 908 687 221 35 186 2. Borrowings from dealers j / 107 81 26 3* Met loans 801 606 . 195 B. Belated transactions with U. 8. Government s e c u r i t i e s dealers l/ - - 35 Derived from averages f o r individual "banks for entire week* Figure f o r aaeh bank indicates extent t o which i t s weekly average purchases and sales are offsetting) that i s , i t i s the lesser of the two amounts. Gross purchases l e s s 2-vay t r a n s actions equals net purchases of net "buying "banks* Similarly, gross sales l e s s 2-way transactions equals net sales of net selling banks * 2/ Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Hotei — Averages of daily f i g u r e s . 26 160
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