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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.

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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

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235

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