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FEDERAL ,'AO?GOWV statistical RESERVE release For Immediate release February 19, 1965 1.5 Reserve Positions of Major Reserve City Beaks Reserve Period Ended February 10, 1965 ( I n millions of d o l l a r s unless otherwise noted) k6 banks Reserve excess or d e f i c i e n c y ( - ) 1 / Less: Borrowings f r a n Reserve Banks Less: l e t interbank Federal funds purchases or s a l e s ( - ) 2 / 8 banks In 38 banks out5 banks 33 other l e v York City side Rev York i n Chicago bank# 40 15 24 6 19 284 51 233 52 180 686 489 197 16 182 -930 -525 -4o6 -62 -344 9-9 14.2 7.2 6.4 7.3 Equals: Ret b a s i c reserve surplus or d e f i c i t ( - ) : > a. Net amount b. As per cent of average r e quired reserves l/ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s t h e required reserves and carryover reserve d e f i c i e n c i e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. ,Mote: — Averages of d a i l y f i g u r e s . I , > SUE Of H.5(a) Federal Funds Transactions of Major Reserve City Banks f o r the Week Ended February 10, 1965 ( I n millions of d o l l a r s ) 46 banks 8 banks In 38 banks out- 5 banks 33 other lew York City side l e v lark i n Chicago banks A. Interbank Federal funds transactions • i* Srsss t n m w c t W * a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s 1 / 1,816 1,130 1,061 573 755 557 179 164 576 394 883 528 356 78 278 933 534 399 101 298 247 45 202 86 116 686 489 197 16 182 1,006 671 335 111 224 57 56 1 950 615 335 3* Total net t r a n s a c t i o n s a. b. c. l e t purchases of mat buying banks Net sales of net s e l l i n g banks l e t purchases or sales (-) B. Related 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 dealers 5 / 3« Net loans - - 111 1/ Derived from averages f o r individual "banks f o r e n t i r e week. Figure f o r each tank indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; t h a t i s , i t i s the l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals n e t purchases of net buying banks. Similarly, gross s a l e s l e s s 2-way t r a n s a c t i o n s equals net sales of net s e l l i n g banks. 2/ Federal funds loaned, net funds supplied t o each dealer 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 dealers subject t o r e s a l e ) or other lending arrangements. 5/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o dealers subject t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, or other i s s u e s . Note: — Averages of daily figures. 1 224 .