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fmm&i ®iSite\v/i; v •* For immediate release Octobcr 2, 1964 6*5 Reserve Poaitions of Major Reserve City Banks Reserve Period Ended September 23# 1964* (In millions of dollars unless otherwise noted) 4 k 46 banks Reserve excess or deficiency (-) l/ Less: Borrowings from Reserve Banks Less 1 Net interbank Federal funds purchases or sales ( - ) 2/ 38 banks out6 banks in 5 banks 33 other New York City side New York in Chicago banks 6 -5 132 127 1,035 579 456 -1,293 -705 1G.7 1 *59"- v - - -5 33 93 115 341 -568 -149 -489 10.3 15.3 9-3 Equals: Set basic reserve surplus • or deficit (-): a. Net amount b. As per cent of average required reserves o9 13.6 ij Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Motes — Averages of dally figures. ' * The reserve excess or deficiency, which includes the carryover deficiency, reflects in ' part use of a seven-day reserve computation period for preparation of these statistics, . vhereas soma banks in California had used a six- or eight-day period in each of the preceding two-week periods. V H.5(») Federal Funds Transactions of Major Reserve City Banks for the Week Ended September 23, 1964 (in millions of dollars) - U6 banks 8 banks in 38 banks out- 5 banks 33 other New York City side New York in Chicago banks A* Interbank Federal funds transactions 1. Gross transactions * a. Purchases b. Sales 1 2. Total 2-way transactions l/ 1,880 845 953 374 927 471 r-Q; <0" 232 116 726 374 353 101 251 1,153 579 574 130 444 118 15 103 695 354 . 3* Total net transactions a. ' t Bet purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 118 1,035 579 456 115 341 1,572 884 688 137 551 103 53 51 1,469 831 638 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ k- 2. Borrowings from dealers j/ v 3» Net loans 137 Derived from averages for Individual tanks for entire week. Figure for each hank Indicates extent to which Its weekly average purchases and sales are offsettings that Is, it Is the lesser of the two mounts. Gross purchases less 2-way transactions equals net purchases of net buying tanks. Similarly, gross sales less 2-way transactions equals net sales of net selling tanks. # » -- . 2/ Federal funds loaned, net funds supplied to each dealer ty clearing tanks, ' repurchase agreements (purchases of securities from dealers subject to resale) ^ or other lending arrangements. 2/ A Federal funds borrowed, net funds acquired from each dealer ty clearing tanks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, oar other issues. Notet — Averages of daily figures. 51 500 &
@FedFRASER