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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.