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k. >* * > w 4 < 1.5 For immediate release October 15, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Boded October 6, 1965 ( i n millions of dollars unless otherwise noted) k6 banks * Reserve excess or deficiency ( - ) 1/ 14 8 banks in 38 banks out5 banks 33 other l e v York City side l e v York i n Chicago banks 3 11 4 7 290 111 179 'Lees; Borrowings from Reserve Banks 290 Less; l e t interbank Federal funds - purchases or sales ( - ) 2 / 844 -4l 885 345 540 -1120 44 -1164 -453 -712 11.4 l.l 19.9 46.2 14.6 - Equals: Bet basic reserve surplus or d e f i c i t ( - ) ; " ' ' a. l e t amount b. As per cent of average r e quired reserves 1/ 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. 1 For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. 2/ »*ote: — Averages of daily f i g u r e s . > 1.5(a) Federal Funds Transactions of Major Reserve City Banks f o r the Week Ended October 6, 1965 (In millions of dollars) 8 banks i n 38 banks out- 5 banks 33 other 46 banks Rew York City side Hew York in Chicago banks A. Interbank Federal funds transactions 1. Gross trmmmtiena 2,291 1,447 808 849 1,482 597 503 158 440 984 516 468 158 310 1,307 292 1,015 345 670 463 333 130 844 -4l 885 345 540 516 434 82 8 75 2. Borrowings from dealers £ / 133 102 31 6 25 3. Het loans 384 332 51 2 50 a. b. Purchases Sales 2. Total 2-way transactions 1 / 980 3« Total net transactions a. Het purchases of met buying banks b . . l e t sales of net selling banks c . Het purchases or sales (-) 130 B. Belated transactions with U. 8. Government s e c u r i t i e s dealers , 1. Loans t o dealers 2/ l/ Derived from averages f o r individual "banks for entire week. Figure f o r each bank indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; that i s , i t i s the lesser of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying hanks. Similarly, gross sales less 2-way transactions equals net sales of net selling hanks. 2/ Federal funds loaned, net funds supplied t o each dealer by clearing hanks, repurchase agreements (purchases of securities from dealers subject t o resale) or other Tending arrangements. j/ 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. Bote: — Averages of daily f i g u r e s .
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