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FEDERAL .CO? GOV* &• RESERVE release For Immediate release March 12, 1965 Reserve Positions of Major Reserre City Beaks Reserve Period Ended March 3> 1965 (In millions of d o l l a r s unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) l / Less: Borrowings from Reserve Banks Less: Met interbank Federal funds purchases or sales ( - ) 2 / 38 banks out5 banks 33 other 8 banks i n i n Chicago banks side Mew York Hew York City 20 16 4 155 115 4o 711 510 201 -42 243 -846 -609 -237 44 -281 8.9 16.2 4.2 4.4 5-9 2 2 4o Equals: Met b a s i c reserve surplus or d e f i c i t ( - ) : a. Met amount b. As per cent of average r e quired reserves i 1/ > 2/ Reserves 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 e s s t h e sum of required reserves and carryover reserve d e f i c i e n c i e s . For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Mote: — 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 March 3, 1965 ( i n millions of d o l l a r s ) 46 banks 8 banks i n 38 banks out- 5 banks 33 other New York City side New York i n Chicago banks A. Interbank Federal funds transactions l - Grose trspw<rfci,on$ a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / 2,120 1,409 1,063 553 1,057 856 226 268 831 588 1,142 546 597 204 392 978 517 46i 22 439 267 7 260 64 196 711 510 201 -42 243 990 620 370 67 303 79 73 6 911 546 365 3- Total net t r a n s a c t i o n s a. b. c. Net purchases of net buying banks Net s a l e s of net s e l l i n g banks Net purchases or sales (-) B. Related 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 dealers 2/ 2 . Borrowings from dealers 3- Net loans - - 67 l/ Derived from averages f o r Individual "banks f o r e n t i r e week. Figure f o r each t a n k Indicates 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 I s , I t I s t h e l e s s e r 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 t r a n s a c t i o n s equals net sales of net s e l l i n g banks. 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 f r e e dealers 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 dealers 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 . Note: — Averages of d a i l y f i g u r e s . 6 298
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