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I FEDERAL mi release * * f^AL Rt^>. For immediate r e l e a s e February 5, 1965 H.5 Reserve P o s i t i o n s of Major Reserve C i t y Reserve Period Ended January 27# 1965 ( I n m i l l i o n s of d o l l a r s u n l e s s otherwise n o t e d ) ; 46 banks Reserve excess or d e f i c i e n c y ( - ) l / 8 banks i n 38 banks o u t 5 banks 33 o t h e r Nev York City s i d e Nev York i n Chicago banks -1 -11 9 117 72 45 - - 45 l e s s : Net interbank Federal funds purchases or s a l e s ( - ) 2 / 531 443 88 53 34 Equals; Bet b a s i c r e s e r v e surplus or d e f i c i t ( - ) : V a . Net amount -649 -526 -123 -51 -72 6.9 14.2 2.2 5.3 1.5 Less: v b. Borrowings from Reserve Banks As p e r cent of average r e quired r e s e r v e s 2 7 - 1/ » Reserves held a f t e r a l l adjustments a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d l e s s t h e sum of r e q u i r e d r e s e r v e s and carryover r e s e r v e d e f i c i e n c i e s . 2/ For d e t a i l s see Federal Funds T r a n s a c t i o n s of Major Reserve City Banks, l o t e : - - Averages of d a i l y f i g u r e s . y 1 I statistical RESERVE 1.5(a) Federal Funds Transactions of Major Reserve City Banks f o r t h e Week Ended January 27, 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 Bew York City s i d e Hew York i n Chicago beaks A. Interbank Federal funds transactions 1 . Gross t r a n s a c t i o n s 2 . T o t a l 2-way t r a n s a c t i o n s 1/ 190 137 667 633 392 107 285 502 466 84 382 437 59 378 30 348 531 443 88 53 34 1,061 666 394 118 276 92 92 - - - - - - 969 575 394 118 276 1,801 1,270 943 500 833 441 968 O Purchases Sales 00 a. b. 3* T o t a l n e t t r a n s a c t i o n s a. b. c. Bet purchases of n e t buying banks Bet s a l e s of n e t s e l l i n g banks Bet purchases or s a l e s (-) B. R e l a t e d 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 f r a t d e a l e r s 2 / 3* Bet loans 1/ 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 f o r each "bank I n d i c a t e s e x t e n t t o which I t s weekly average purchases and s a l e s a r e o f f s e t t i n g ; 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 l e s s 2-way t r a n s a c t i o n s equals n e t purchases of n e t buying banks. S i m i l a r l y , g r o s s s a l e s l e s s 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 b a n k s . 2/ F e d e r a l funds loaned, n e t f u n d s 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/ F e d e r a l funds borrowed, n e t f u n d s acquired from each d e a l e r by c l e a r i n g banks, r e v e r s e 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 c h a s e ) , 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 . Note; —-Averages of d a i l y f i g u r e s .
@FedFRASER