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FEDERAL statistical RESERVE release f*AL Far Immediate release October 22, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 13, 1965 (in millions of dollars unless otherwise noted) 46 banks 3 banks in 38 banks out- 5 banks 33 other lew York City side lev York in Chicago banks Reserve excess or deficiency (-) 1/ 52 29 23 1 22 Less: Borrowings froo Reserve Banks 276 83 193 88 105 1,322 466 857 356 500 -1,546 -520 -1,026 -443 -583 16.2 13.9 17.8 46.8 12.1 Less: let interbank Federal funds " purchases or sales (-) 2/ Equals: let basic reserve surplus or deficit (-); a. let amount b. 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. lotei « Averages of daily figures. A H.5(ft) Federal Funds Transactions of Major Reserve City Banks for the Week Ended October 13, 1965 (in millions of dollars) 46 banks 8 banks in I38 banks out-l 5 banks 33 other Hew York City side Hew Yorklln Chicago banks A. Interbank Federal funds transactions 1- Gross a. Purchases b. Sales 2,864 1,542 1,183 717 1,682 825 521 164 l,l6l 661 1,149 485 664 164 500 1,715 698 1,017 356 661 393 232 161 1,322 466 857 356 500 1. Loans to dealers 2/ 742 561 181 1 180 2. Borrowings from dealers 3/ 104 73 32 7 25 3* let loans 638 489 149 -6 155 2. Total 2-way transactions 1/ 3* Total net transactions a. Vet purchases of met buying banks b. Net sales of net selling banks c. Set purchases or sales (-) 161 B. Belated transactions with U. S. Government securities dealers => — " ,v *"o vo nwni» i«r n u n nees. figure iar eaon oani Indicates extent to which its weekly average purchases and sales are offsetting] that is, it Is the leaser of the two amounts • dross purchases less 2-vsy transactions equals net purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to resale) car other lending arrangements. 2/ Federal funds borrowed, net funds acquired free 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.