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Hill

•Wm-"

H E M

/%%

Recerve Positions of Major Reserve City Banks
Reserve Period Ended November 18, 1964*
(In Millions of d o l l a r s unless otherwise noted)

\

46 banks
Reserve excess or deficiency ( - ) l /

5 banks 33 other
8 banks In 38 banks outHev York City side Hev York i n Chicago banks

45

15

29

- .4

33

288

129

159

44

116

"Less: Met interbank Federal funds
purchases or s a l e s ( - ) 2 /

786

488

298

105

193

'Equals: Bet b a s i c reserve surplus
, or d e f i c i t ( - ) :

-1,029

-601

-428

-152

-276

11.1

16.8

Less:

a.

Net amount

b.

As per cent of average r e quired reserves

£/
>¥

Borrowings from Reserve Banks

7

"5

—1^*9—— —5^8

Reserves held a f t e r a l l adjustments applicable t o t h e reporting 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 .

.

2 j For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks.
/forte: — Averages of d a i l y f i g u r e s .
r* Because the previous reserve week ended on a holiday in some d i s t r i c t s , member banks in
those d i s t r i c t s were e n t i t l e d t o use an eight-day reserve period i n computing t h e i r
reserve requirements. 4 New York, 2 Chicago and £ other reserve c i t y banks chose an
j
,» eight-day reserve week. This t a b l e , however, i s compiled on a seven-day b a s i s with no ;
adjustments f o r those banks using an eight-day reserve period.

F



. H.5(a)
r

Federal Funds Transactions of Major Reserve City Banks
f o r the Week Ended November 18, 1964
( i n millions of d o l l a r s )
46 banks

38 banks out- 5 banks 33 other
8 banks i n
New York City side Hew York In Chicago banks

A. Interbank Federal funds
transactions

»

1 . Gross t r a n s a c t i o n s
a.
b.

Purchases
Sales

.
2 . Total 2-way t r a n s a c t i o n s 1 /

1,561
776

823
335

739
440

216
111

523
329

685

332

353

108

245

876

491

385

108

277

90

3

87

3

84

786

488

298

105

193

3 . Total net t r a n s a c t i o n s
a.
*

b.
o.

Net purchases of net
buying banks
Net sales 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 JjJ
3 . Net loans

>

r

1/

**
^
."2/
^
»»

r

.

2/

1,274

943

70

70

1,204

873

331

99

--

- -

331

99

Derived from overageG f o r Individual "banks f o r e n t i r e week. Figure f o r each "bank
indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ;
t h a t i s , i t i s the 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 "banks. Similarly, gross s a l e s 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 hanks.
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.
Federal funds "borrowed, net funds acquired from each dealer "by clearing 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 .

^ Rote: - - Averages of d a i l y f i g u r e s .
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