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FEDERAL statistical RESERVE release For Immediate release February 26, 1965 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 17, 19&5 (In millions of dollars unless otherwise noted) 5 banks 33 other 8 in 38 banks outk6 banks Hewbanks City side New York in Chicago banks York * 1 21 -1 22 77 27 50 579 168 ' 3 165 -918 -695 -223 -31 -193 9.9 19.0 3.9 3.2 4.1 37 16 Less; Borrowings from Reserve Banks 208 131 Less: Met interbank Federal funds purchases or sales ( - ) 2/ 747 Reserve excess or deficiency ( - ) l / * V ' Equals: Bet basic reserve surplus or d e f i c i t ( - ) : a. Set amount b. As per cent of average r e quired reserves > 1/ Reserves held a f t e r a l l adjustments applicable t o the reporting period less the sun of required reserves and carryover reserve deficiencies. 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Vote: — Averages of daily figures. i X i 1 H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended February 17, 1965 (in millions of dollars) W 8 banks in 38 banks out- 5 banks 33 other 46 banks Sew York City side Sew York in Chicago banks A. Interbank Federal funds transactions f 1. Gross transactions a. b. Purchases Sales 2 • Total 2-way transactions l / 487 1,000 832 225 222 774 * 1,007 471 536 102 434 ^ 1,059 596 463 123 340 312 16 295 120 175 * 747 579 168 3 2,066 1,319 1,066 609 3> Total net transactions a. b. c. Set purchases of net buying banks Set sales of net selling banks Set purchases or sales (-) 165 B. Belated transactions with U. 8. Government securities dealers 1. Loans t o dealers 2/ - 725 310 2. Borrowings from dealers j / 109 106 3 3* Set loans l/ 1,035 926 619 307 72 — 72 ' Derived from averages for individual "banks far entire week* Figure for e*eh tank Indicates extent t o which i t s weekly average purchases and sales are offsetting] that i s , i t i s the lesser of the two amounts. Gross purchases l e s s 2-vay 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 f r e e dealers subject t o resale) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't* or other issues. Note: - - Averages of daily figures. 238 " 3.. 235 '