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f ^ i » f H.5 ttmuMHi '-mtMS For immediate release October 16, 1964 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 7* 1964 (in millions of dollars unless otherwise noted) > > 46 banks 8 banks in 38 banks out- 5 banks 33 other Hew York City side Hew York in Chicago banks Reserve excess or deficiency (-) l/ 13 4 10 - 2 11 Iicas: Borrowings from Reserve Banks 218 53 165 62 103 $81 210 371 122 249 -786 -259 -527 8.2 6.8 9.2 Less % Net interbank Federal funds " purchases or sales (-) 2/ s. Equals: Het basic reserve surplus * or deficit (-); a. Net amount b. As per cent of average required reserves -186 19.3 -341 & 7.2 Xj Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. £/ For details see Federal Funds Transactions of Major Reserve City Banks* Sotet — Averages of daily figures. > • ' • Jul n H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended October 7, 1964 (In millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 46 banks Hew York City side New York in Chicago banks A. Interbank Federal funds transactions 1.tevsptransection# a. Purchases b. Sales 2. Total 2-way transactions l/ 1,561 980 541 810 439 256 134 554 305 858 490 368 122 246 703 260 442 134 308 121 50 71 581 210 371 122 24f 1,127 779 348 111 237 114 114 — — - - -- 1,013 66 5 348 111 237 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 59 B. Related transactions with V. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers j/ 3» Net loans l/ Derived from averages for Individual "banks for entire week. Figure for each tank indicates extent to which it# 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. 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from 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. Hote: —Averages of daily figures*
@FedFRASER