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<1.5 - » • * For Immediate release August 20, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 11, 1965 (In millions of dollars unless otherwise noted) H6 banks 8 banks in 38 banks out- 5 banks 33 other lev York City side Bev York in Chicago banks Reserve excess or deficiency (-) l/ 30 9 20 2 18 Lesss Borrowings from Reserve Banks 338 167 170 13 157 554 6 548 222 326 -862 -164 -698 -233 -465 9-1 4.4 12.1 24.5 9-7 r £ftssi Bet interbank Federal funds purchases or sales (-) 2/ Equals* Bet basic reserve surplus »• or deficit (-)* * a. let amount lb. As per cent of average required reserves r l/ Reserves held after all adjustments applicable to the reporting period less the required reserves and carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Jtafcet — Averages of daily figures. & > A H.5(«) Federal Funds Transactions of Major Reserve City'Banks for the tfeek Ended August 11, 1965 (in millions of dollars) 8 banks in 38 banks out- 5 banks 33 otbsr 46 banks Sew York City side Bew York in Chicago banks A. Interbank Federal funds transactions i* ffms tnmwcUptti a. Pur abases b. Bales 2. Total 2-way transactions l/ 1,978 1,424 773 767 1,204 657 352 130 853 527 978 1*86 492 105 387 1,000 287 713 247 465 446 281 165 25 140 554 6 5to 222 326 6l4 442 172 22 150 70 70 " -- 544 372 3. Total net transactions a. let purchases of mat buying banks b. Bet sales of net selling banks c. Bet purchases or sales (-) B. Related transactions with U. 8. Government securities dealers 1* Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Bet loans 172 22 1/ Derived from 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 securities from dealers subject to resale) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase )j resale agreements, and borrowings secured by Gov't, or other Issues. Bote: — Averages of daily figures. -- 150