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815 5 IS E iii For immediate release September 25# 1964 1.5 y Reserve Positions of Major Reserve City Beaks Be serve Period Aided September 16, 1964* (In millions of dollars unless otherwise noted) 46 beaks 0 banks in 38 banks out5 banks 33 other lev York City side lev York in Chicago banks . Reserve excess or deficiency (-) If 45 20 24 -1 25 Less: Borrowings 89 21 67 - - 67 1,113 526 587 194 392 -1,157 -527 -630 -195 -435 Reserve Banks Least let interbank Federal funds purchases or sales (-) 2/ Bgpals% Bet basic reserve surplus or deficit (-); a. Bet amount b. As per cent of average required reserves ts> 12.6 11-3 14-5 20.9 9-3 l/ Reserves held after all adjustments applicable to the reporting period less the sum of «. required reserves end carryover reserve deficiencies. 2/" for details see Federal Funds Transactions of Major Reserve City Banks. Motet — Averages of dally figures. * Due to a Wednesday holiday in California, some banks chose an eight-day basis in computing their reserve requirements' rather than the seven-day period » presented in this table. ' .Qf5omwns~};, >*v U/-\ A L I H ^ A R Y H.5(a) ( Federal Funds Transactions of Major Reserve City Banks for the Week Ended September 16, 1964 *' (in millions of dollars) • 38 banks out- 5 banks 33 other 8 banks in New York City side New York in Chicago banks 46 banks -Interbank Federal funds , transactions 1 !• Grpsp trmwcttont 308 113 2. Total 2-way transactions 1/ 533 452 113 339 1,283 537 746 195 552 170 11 160 1,113 526 587 194 39% 1,322 935 386 110 276 157 81 76 7 69 1,165 855 310 103 207 985 > 3« Total net transactions a. Net purchases of met buying banks b. Net sales of net selling banks c. Net purchases or sales (-) t 1# OCO 544 1,198 611 2,268 ..1,155 Purchases Sales S3> a. b. • 159 . -Related transactions with U. S. Government securities dealers k l. Loans to dealers 2/ v 2. Borrowings from dealers j/ ' 3 • Net loans l/> Derived from averages for Individual "banks for entire week. Figure for each bank indicates extent to which its weekly average purchases and sales ere offsetting; " that is, it is the lesser of the two amounts* Gross purchases less 8-way trans' actions 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 "by clearing banks, t repurchase agreements (purchases of securities from, dealers subject to resale) or other lending arrangements. A, 5/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject t c e p u r - chase), resale agreements, and borrowings secured by Gov't, or other issues. Botes for FRASER Averages of Digitized daily figures*
@FedFRASER