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FEDERAL RESERVE release For immediate release September 10, 1965 1.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September l, 1965 (In millions of dollars unless otherwise noted) W honks d banks in 3d banks out5 banks 33 other lev York City side lev York in Chicago bank* Reserve excess or deficiency (-) 1/ 108 78 30 3 27 Less: Borrowings from Reserve Banks 248 81 167 13 154 Less t let interbank Federal funds purchases or sales (-) 2/ 502 196 306 77 229 -642 -199 -443 -87 -356 6.7 5.3 7.7 9-1 7.4 Equals1 let basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ Reserves held after all adjustments applicable to the reporting period less the sua of repaired reserves and carryover reserve deficiencies. 2/ For details see federal Funds Transactions of Major Reserve City Ranks. , lofcez — Averages of daily figures. 1.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended September 1, 1965 (In millions of dollars) 46 banks 33 other 38 banks out- 5 banks 8 banks in lew York City side lew York in Chicago banks A. Interbank Federal funds transactions i 1. Q n e t a. b. Purchases Sales 2. Total 2-way transactions l/ 1,918 1,1*16 798 602 1,120 8l4 308 231 812 583 1,006 461 545 148 397 912 337 575 160 415 410 l4l 269 83 186 502 196 306 77 229 3. Total net transactions a. let purchases of met buying banks b. Set sales of net selling banks c. let purchases or sales (-) 1. Related transactions with U. 8. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers Jjj 3. let loans l/ . 878 655 95 95 784 560 224 - - 224 34 190 -- — 34 190 Derived from averages for Individual "banks for entire week. Figure for each hank indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the leaser of the two amounts. Gross purchases less 2-way transactions 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 to each dealer hy clearing hanks, 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. Rote: — Averages of daily figures. '
@FedFRASER