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FEDERAL statistical rw RESERVE release * * f^AL Rt^ * For Immediate release J u l y 9, 1965 1.5 Reserve Positions of Major Be serve City Banks Reserve Period Ended June 30, 1965 ( I n millions of d o l l a r s unless otherwise noted) k€ hanks Reserve excess or deficiency ( - ) l / Less: Borrowings f r e e Reserve Banks Less* Bet interbank Federal funds purchases or s a l e s ( - ) 2 / 5 hanks 33 other 38 hanks o u t 8 hanks i n Bev York City side Bev York i n Chicago hanks 23 3 20 -6 28 237 96 1*1 16 125 3*1 -26 367 150 217 -555 -67 -488 -17* -31* 5-6 1-7 8.3 17* 6.* Equals* Bet b a s i c reserve surplus or d e f i c i t ( - ) : a. Bet amount h. As per coat of average r e quired reserves 1/ Be serves held a f t e r a l l adjustments applicable t o t h e r e p o r t i n g period l o s s t h e required reserves tad 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 Beserve City Banks. Bote: — 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 June 30, 1965 ( I n millions of d o l l a r s ) 46 banks 8 banks i n I38 banks out-1 5 banks 33 ether lew York City side Hew York i n Chicago banks A. Interbank Federal funds transactions 1 . Gross transaction# a. b. Purchases Sales 2. Total 2-waar t r a n s a c t i o n s 1 / 1,892 1,551 782 808 1,110 743 301 151 809 592 987 509 478 127 351 906 273 633 174 459 565 299 266 24 241 341 -26 367 150 217 1,454 1,088 366 55 311 91 91 - - - - -- 1,364 998 366 55 311 3* Total met 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 net s e l l i n g banks Bet purchases or s a l e s (-) 1 . Belated t r a n s a c t i o n s with U. 8 . 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 j / 3> l e t loens 1/ Derived from averages f o r individual tanks 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 extent t o which I t s weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t is# 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 8-way t r a n s actions equals n e t purchases of net baying banks. Similarly, gross s a l e s l e s s 8-way t r a n s a c t i o n s equals n e t aalee of n e t s e l l i n g hanks. 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 d e a l e r s subject t o r e s a l e ) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired from each dealer 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 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 . Vote: — Averages of d a i l y f i g u r e s .
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