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FEDERAL ofGO%A statistical RESERVE release f%4L RtSf For immediate release June 11, 1965 Reserve Positions of Major Reserve City Batiks Reserve Period Ended June 2, 1965 ( i n millions of dollars unless otherwise noted) 5 banks 33 other 8 banks i n 38 banks outHew York City side New York i n Chicago banks 29 13 16 3 13 Less: Borrowings from Reserve Banks 1U7 18 129 3 126 Less: l e t interbank Federal funds purchases or sales ( - ) 2/ 165 -124 289 56 233 -283 119 -401 -56 1 s H6 banks 3-0 3-1 7-0 5.7 7.2 "Reserve excess or deficiency ( - ) l / Equals: Met basic reserve surplus or d e f i c i t ( - ) : a. . b. >y Bet amount As per cent of average r e quired reserves Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the SUB 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 d a i l y f i g u r e s . H.5(a) Federal Funds Transactions of Major Reserve City Banks f o r the Week Ended June 2, 1965 ( i n millions of dollars) 8 banks i n 38 banks out- 5 banks 33 other 46 banks Bew York City side Hew York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions l / 1,985 1,821 779 903 1,206 917 291 235 683 1,178 688 491 111 380 807 92 715 180 536 642 216 427 124 303 165 -124 289 56 233 822 575 247 10 237 90 90 - - — - - 732 486 247 10 237 3* Total net transactions a. b. c. Bet purchases of met buying banks Bet sales of net selling banks l e t purchases or sales (-) B. Belated transactions with U. S. Government s e c u r i t i e s dealers 1. Loans t o dealers 2/ 2. Borrowings from dealers 3 / 3* Bet loans 1/ Derived from averages f o r Individual "banks for entire 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 ; that i s , i t i s the lesser of the two amounts* Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying hanks. Similarly, gross sales l e s s 2-way transactions equals net sales of net selling banks. 2/ Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities f r e e dealers subject t o resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired frcat 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 f i g u r e s .
@FedFRASER