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FEDERAL & statistical RESERVE release s . KL RE ^f* For immediate release February 1, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Ended. January 20, 1965 (in millions of dollars unless otherwise noted) k6 hanks 8 hanks in 38 hanks out5 hanks 33 other Hew York City side Hew York in Chicago hanks Reserve excess or deficiency (-) 1/ 101 46 55 Less: Borrowings from Reserve Banks 211 156 55 1,310 810 500 117 383 -1,420 -920 -500 -116 -384 15.1 24.8 8.8 12.0 8.1 1 54 55 - - < Less: Met interbank Federal funds purchases or sales (-) 2/ Equals: Met basic reserve surplus or deficit (-): a. Met amount b. As per cent of average required reserves l/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. 8/ For details see Federal Funds Transactions of Major Reserve City Banks. Mote: — Averages- of daily figures. H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended January 20, 1965 (In millions of dollars) 46 banks 8 banks in 38 banks out- 5 banks 33 other New York City side Sew York in Chicago bank# A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 2,287 977 1,167 356 1,120 620 318 201 802 420 864 356 507 135 373 1,423 810 613 183 430 113 66 47 3* Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 113 1,310 810 500 117 383 1,423 792 632 154 477 107 107 1,316 685 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 632 - - 154 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. 3/ Federal funds borrowed, net funds acquired from 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. Note: — Averages of daily figures. - - 477
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