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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.

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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.




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150