The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL ofcow- RESERVE el e a s e For immediate release February 12, 1965 1-5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 3, 1965 ( I n millions of d o l l a r s unless otherwise noted) 7 46 banks Reserve excess or d e f i c i e n c y ( - ) l / Less: Borrowings ftrea Reserve Banks > Least l e t interbank Federal funds purchases or s a l e s ( - ) 2 / 8 banks i n 38 banks o u t 5 banks 33 other l e v York City side Heir York i n Chicago banks 22 12 10 2 8 175 69 106 29 78 662 377 285 95 190 -815 -434 -381 -121 -260 8.5 11.4 6.6 12.3 5-5 Equals: l e t b a s i c reserve surplus or d e f i c i t ( - ) ? y -l/ > 2/ a. l e t amount b. As per cent of average r e quired reserves Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s t h e sua of required reserves and carryover reserve d e f i c i e n c i e s . For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Hote: — Averages of d a i l y f i g u r e s . 1.5(a) Federal Funds Transactions of Major Reserve City Banks f o r t h e Week Ended February 3, 1965 ( I n m i l l i o n s of d o l l a r s ) 46 banks 8 banks i n 38 banks o u t - 5 banks 33 o t h e r lew York City s i d e l e v York i n Chicago banks A. Interbank Federal funds transactions i - Grose t r t t t w c t i w a. b. Purchases Sales 2 . Total 2-way t r a n s a c t i o n s l / 1,866 1,204 925 548 941 656 242 147 699 509 962 426 537 140 397 904 500 4o4 102 302 242 123 119 8 122 662 377 285 95 190 1,298 861 437 105 332 90 90 -- -- 1,207 770 3* Total n e t t r a n s a c t i o n s a. b. c. l e t purchases of met buying banks Set s a l e s of n e t s e l l i n g banks Set purchases or s a l e s (-) B. Belated t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers 1 . Loans t o d e a l e r s 2 / 2 . Borrowings from d e a l e r s 3* Bet loans 437 105 l/ Derived from averages f o r i n d i v i d u a l banks f o r e n t i r e week. Figure for each tank i n d i c a t e s extent t o which i t s weekly average purchases and sales are offsetting] t h a t i s , i t i s t h e l e s s e r of t h e two amounts. Gross purchases less 8-way transa c t i o n s equals n e t purchases of net buying banks. S i m i l a r l y , gross sales lass 2-way t r a n s a c t i o n s equals n e t s a l e s of n e t s e l l i n g banks. 2/ Federal funds loaned, net funds supplied t o each d e a l e r by c l e a r i n g banks, repurchase agreements (purchases of s e c u r i t i e s from d e a l e r s s u b j e c t t o r e s a l e ) or other lending arrangements. 3/ Federal funds borrowed, n e t funds acquired from each d e a l e r by c l e a r i n g banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s s u b j e c t t o r e p u r chase), r e s a l e agreements, and borrowings secured by G o v ' t . or o t h e r i s s u e s . Mote: — Averages of d a i l y f i g u r e s . - - 332
@FedFRASER