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For immediate release March 19, I965 ,1-5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 10, 1965 (In millions of dollars unless otherwise noted) k6 hanks 8 hanks in 38 banks out5 banks 33 other lev York City side He* York in Chicago banks Reserve excess or deficiency (-) 1/ 29 10 19 5 15 Less: Borrowings from Reserve Banks 205 76 129 1 128 Less: Bet interbank Federal funds purchases or sales ( - ) 2/ 615 5h6 69 -82 151 >Z<$uals: Bet basic reserve surplus or deficit (-): > a. Bet amount " "b. As per cent of average re* quired reserves -791 -612 -179 85 -264 8.5 16.8 3-2 9.0 5.7 1/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. *2/ For details see Federal Funds Transactions of Major Reserve City Banks. Mote: — Averages of daily figures. H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended March 10, 1965 (In millions of dollars) k6 banks 8 banks in 38 banks out- 5 banks 33 other New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-vay transactions 1/ 1,834 1,219 950 4o4 884 815 191 273 693 542 845 390 455 106 350 989 560 429 86 343 374 15 359 168 192 615 546 69 -82 151 602 412 190 53 137 81 81 521 331 3* Total net transactions a. Net purchases of met buying banks b. Bet sales of net selling banks c. Ret purchases or sales (-) B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3* Bet loans l/ - - 190 - - 53 Derived from averages for Individual "banks for entire week. Figure for each "bank Indicates extent to which its weekly average purchases and sales are offsetting; that Is, It is the lesser of the tiro amounts. Gross purchases less 2-vay transactions equals net purchases of net buying banks. Similarly, gross sales less 2-vay 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 fire* dealers subject to resale) or other lending arrangements. 5/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't* or other issues. Vote: — Averages of daily figures. - - 137
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