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je , ’ For immediate release September 18, 1964 Beserve Positions of Major Reserve City Banka Heserve Period Ended September 9, 1964* (in millions of dollars unless otherwise noted) V* I ■ * k6 banka 5 banks in 3^ banks oat- 5 banks 33 other Hew York City side Hew York in Chicago banks 36 3 33 k 29 Less: Borrowings from Reserve 2kh 29 215 50 165 Lest! Net Interbank Federal funds purchases or sales (-) 2/ 507 215 292 105 187 -VfU -151 -323 8.5 16 A V Rpserve excess or deficiency (-) l/ v -715 7-8 s a. Het amount > b. As per cent of average re quired reserves r1o Equals: let basic reserve surplus or deficit (-); . 6.7 l/ Reserves held after all adjustments applicable to the reporting period lass the sum of ^ required reserves and carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Reserve City Banks* Mote: — Averages of daily figures. ► * Due to a Wednesday holiday in California, some banks chose a six-day basis in computing ‘their reserve requirements rather than the seven-day period presented in this table. Federal Funds Transactions of Major Reserve City Banks for the Week Ended September 9, I96U (In millions of dollars) 8 banks in 38 banks out 5 banks |33 otht: 1*6 banks Hew York City side Heir lork In Chicago banks A. Interbank Federal funds transactions * 1. Gross transactions a. Purchases b • Sales 2. Total 2-way transactions 1/ 1,096 770 555 83^ 5^1 208 626 103 1*38 828 h62 366 103 263 775 308 U6Q 105 363 268 93 175 — 175 507 215 292 105 187 1,603 3* Total net transactions \ a. Net purchases of met buying banks b. Bet sales of net selling banks c. Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers ‘ & 1 . Loans to dealers 2/ 789 522 268 106 161 2. Borrowings from dealers 3 / 167 82 85 10 75 3« Wet loans 622 ^39 183 96 86 *1/ Derived fraa averages for Individual banks for entire week. Figure * indicates extent to which Its weekly average purchases that is, it Is the lesser of the two amounts* Gross purchases less * actions equals net purchases of net buying hanks* Similarly, gross ► 2-way transactions equals net sales of net selling hanks. for each tank offsetting) 2-vay tnaii* sales lass *2/ Federal funds loaned* net funds supplied to each dealer by 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 repur> chase), resale agreements, and borrowings secured by Oor’t. or other issues. Hotet — Averages of daily figures*
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