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For immediate release
October 16, 1964
Reserve Positions of Major Reserve City Banks
Reserve Period Ended October 7* 1964
(in millions of dollars unless otherwise noted)

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46 banks

8 banks in 38 banks out- 5 banks 33 other
Hew York City side Hew York in Chicago banks

Reserve excess or deficiency (-) l/

13

4

10

- 2

11

Iicas: Borrowings from Reserve Banks

218

53

165

62

103

$81

210

371

122

249

-786

-259

-527

8.2

6.8

9.2

Less % Net interbank Federal funds
" purchases or sales (-) 2/

s.

Equals: Het basic reserve surplus
* or deficit (-);
a. Net amount
b. As per cent of average required reserves

-186 19.3

-341

&

7.2

Xj Reserves held after all adjustments applicable to the reporting period less the sum of
required reserves and carryover reserve deficiencies.
£/ For details see Federal Funds Transactions of Major Reserve City Banks*
Sotet — Averages of daily figures.
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Jul

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H.5(a)
Federal Funds Transactions of Major Reserve City Banks
for the Week Ended October 7, 1964
(In millions of dollars)
8 banks in 38 banks out- 5 banks 33 other
46 banks Hew York City side New York in Chicago banks
A. Interbank Federal funds
transactions
1.tevsptransection#
a. Purchases
b. Sales
2. Total 2-way transactions l/

1,561
980

541

810
439

256
134

554
305

858

490

368

122

246

703

260

442

134

308

121

50

71

581

210

371

122

24f

1,127

779

348

111

237

114

114

— —

- -

--

1,013

66 5

348

111

237

3. Total net transactions
a. Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales

(-)

59

B. Related transactions with
V. S. Government securities
dealers
1. Loans to dealers 2/
2. Borrowings from dealers j/
3» Net loans

l/ Derived from averages for Individual "banks for entire week. Figure for each tank
indicates extent to which it# 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 banks. Similarly, gross sales less
2-way 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 from dealers subject to resale)
or other lending arrangements.
2/ 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.
Hote: —Averages of daily figures*




Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102