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FEDERAL • qf_cowf-. RESERVE release For immediate release November 29, 19&5 1.5 Reserve Positions of Major Be serve City Banks Reserve Period Ended November 17, 1965* (in millions of dollars unless otherwise noted) 8 banks Ja 38 banks out- 5 bank# 33 other k6 tanks lew York City side lev York In Chicago banks 1 13 Reserve excess or deficiency (-) 1/ 25 12 13 Less: Borrowings free Reserve Banks 216 59 157 105 52 1,022 379 643 263 380 -1,213 -426 -7§7 -368 -419 12.7 11.5 13.; 38.7 8.8 Least Bet interbank Federal funds purchases or sales (-) 2/ - - Equals* let basic reserve surplus or deficit (-)? a. Net amount b. As per cent of average required reserves > 1/ Reserves held after all adjustments applicable to the reporting period less the sum of retailed reserves and carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Be serve City Banks. *- Bote: — Averages of dally figures. , * Figures reflect excess reserves accumulated in the week ended November 10 "by hanks in New York City and Boston. Due to the power failure in that week, all deficiencies were waived for hanks in these cities, and permission was granted to carry over any amounts of excess reserves into the week ended November 17• I.5(») Federal Funds Transactions of Major Reserve City Banks for the Week Ended November 17, 19°5 (In "iinrms of dollars) A. Interbank Federal funds transactions 1. flr9fig a. Purchases b. Sales 2. Total 2-vay transactions l/ 383 120 9^5 565 557 111 1*7 403 770 272 U98 152 2k l^T 9 118 1,022 379 6k\ 263 380 797 621 175 99 72 28 697 550 lU7 2,323 1,301 995 616 ^685 1,149 592 1,173 3* Total net transactions a. let purchases of net buying banks b. Bet sales of net selling banks c. let purchases or sales (-) B. Belated transactions with U. 8. Qover*"—1"t securities dealers 1. Loans to dealers 2/ 2. Borrowings free dealers j/ 3* let loans • 2-vay transactions equals net sales ««f net selling banks* 2/ Federal funds loaned, net funds supplied to each dealer by clearing repurchase agreements (purchases of securities from dealers subject to resale; or other lending arrangements. chase), resale agreements, and borrowings secured by Gov't, ear other issues. Mote: — Averages of dally figures. 1T4 A •* 28 . 1 lU6
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