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FEDERAL 1 Hill statistical RESERVE release • f$AL Rt^ For Immediate release May 21, 196$ Reserve Positions of Major Besezre City Banks Reserve Period Ended May 12, 19&5 (In millions of dollars unless otherwise noted) - k6 banks 5 banks 33 other 8 banks in 38 banks outBev York City side Bev York in Chicago banks 3 2k - Reserve excess or deficiency (-) l/ 59 31 27 'Less: Borrowings from Reserve Banks 161 29 132 — 132 Less i Bet interbank Federal funds purchases or sales (-) 2/ 585 130 455 139 316 -687 -127 -560 -135 -424 7.2 3.3 9.7 13.6 8.9 Equalsz Bet basic reserve surplus " or deficit (-); a. Bet amount t>. As per cent of average required reserves , 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. 1.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended May 12, 1965 (in millions of dollars) ' 46 banks 8 banks in 38 banks out- 5 banks 33 otherBew York City side law York in Chicago banks A. Interbank Federal funds transactions * 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions l/ -• 2,124 1,539 903 773 1,221 766 309 171 911 595 1,130 552 577 162 415 994 351 643 147 496 409 221 188 9 180 585 130 455 139 316 ' , 3* Total net transactions a. let purchases of met buying banks b. Bet sales of net selling banks c. Het purchases or sales (-) B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers j/ 3« Bet loans 947 588 359 26 333 97 87 10 -- 10 849 500 349 26 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 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. Mote: -- Averages of daily figures. , - l/ Derived from averages for Individual "banks for entire week. Figure for each tank indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals net purchases of net buying hanks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ * 323 , 4
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