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For Immediate release September 17, 1965 1.5 Reserve Positions of Major Reserve City Reserve Period Ended September 8, 1965 (in millions of dollars unless otherwise noted) k6 "beaks > > > 8 banks In 38 banks out- 5 banks 33 other lew York City side lew York In Chicago banks Reserve excess or deficiency (-) 1/ 37 5 IASS: Borrowings from Reserve Banks 211 less* let Interbank Federal funds purchases or sales (-) 2/ 32 5 27 43 168 12 156 626 -15 641 118 523 -800 -23 -778 -126 -652 8.5 .6 13.7 13.3 13.7 . Equals: let basic reserve surplus k > or deficit (-): r a. let amount h. As per cent of average required reserves 1/ 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. lote: — Averages of daily figures. ivi http://fraser.stlouisfed.org/ rFederal Reserve Bank of St. Louis 1.5(a) Federal Fundi Transactions of Major Reserve City 'Banks for the Week Ended September 8, 1965 (in millions of dollars) 46 banks 8 banks in 138 banks out- 5 banks 33 otter lew York City side lew York in Chicago A. Interbank Federal funds transactions f- 1. Gross transaction. IS CVI H a. Purchases b. Sales T^l 756 1,326 685 363 245 9^9 468 481 175 306 1,118 273 845 187 657 S 491 288 203 69 134 626 -15 64i 118 523 1. Loans to dealers 2/ 652 486 166 24 143 2. Borrowings from dealers j/ 161 149 12 3* let loans 491 337 154 2. Total 2-vay transactions 1/ 3* Total net transactions a. let purchases of met buying banks b. Set sales of net selling banks e. let purchases or sales (-) B. Belated transactions with U. 8. Government securities dealers — 24 =f — IIWlifAWMU, WUKB XOT W X I V 1MK* Jl.gHT« lOT ttOA Dttl Indicates extent to which Its weekly average purchases and sales are offsetting) that Is, It Is the lesser of the two mounts* Gross purchases less 2-way transactions equals net purchases of net baying hanks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ Federalfindsloaned, 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 banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other Issues. Mote: — Averages of daily figures. 12 131
@FedFRASER