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For immediate release April 30, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 21, 1965 (In millions of dollars unless otherwise noted) V k6 hanks 8 hanks in 38 hanks out- 5 hanks 33 other He* York City side Hew York in Chicago hanks ^Reserve excess or deficiency (-) l/ 11 9 2 -1 3 Less: Borrowings from Reserve Banks 323 133 190 52 138 1,065 726 339 130 209 1,377 -849 -528 -184 -344 14.3 22.3 9-1 19-0 7-1 Less: Set interbank Federal funds purchases or sales (-) 2/ Equals: let basic reserve surplus or deficit (-): a. Net amount t>. As per cent of average required reserves > l] Reserves held after all adjustments applicable to the reporting period less the sue of required reserves and carryover reserve deficiencies. > >2/ For details see Federal Funds Transactions of Major Reserve City Banks. > Mote: — Averages of daily figures. > H-5(») Federal Funds Transactions of Major Reserve City Bank# for the ifeek Ended April 21, 1965 (in millions of dollars) 46 banks 8 banks in 38 banks out- 5 banks 33 ether lew York City side lew York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 2,244 1,179 1,255 530 989 650 255 125 733 524 1,009 530 479 107 373. 1,235 726 509 149 361 170 19 152 3 . Total met transactions a. let purchases of met buying banks b. Bet sales of net selling banks e. let purchases or sales (-) 170 1,065 726 339 130 209 1,233 773 460 39 •422 132 102 30 1,101 670 431 B. Related transactions with V. 8. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3* let loans • - - 39 l/ Derived free averages for individual "banks for entire week. Figure for each bank indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way 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 securitiesfiresdealers subject to resale) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired free each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Vote: — Averages of daily figures. 30 392