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FEDERAL statistical RESERVE release For Immediate release October 29, 1965 Beserve Positions of Major Reserve City Bank# Be serve Period Ended. October 20, 1965 (In. millions of dollars unless otherwise noted) k t tanks Reserve excess or deficiency ( - ) 1/ Least Borrowings f r e e Reserve Banks Lesst l e t interbank Federal funds purchases ocr sales ( - ) 2 / 8 banka i n 38 banks out- 5 banks 33 othei lew York City side lew York i n Chicago banks 26 7 20 3 IT 270 32 238 143 95 1,011 152 859 255 6o4 -1,255 -ITT. -1,077 -395 -682 18.2 40.5 13,8 B®*alst l e t basic reserve surplus or d e f i c i t ( - ) ; * l/ a. l e t amount ^ b. As per cent of average r e paired reserves 12.8 4.6 Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the sum ef required reserves and carryover reserve deficiencies. 2/ For d e t a i l s see federal Funds Transactions of Major Reserve City Banks. Votes --Averages of dally figures. s 1.5(a) Federal Fundi Transactions of Major Reserve City Banks f o r the Week Ended October 20, 1965 (In millions of dollars) 8 banks In 38 banks out- 5 banks 33 ether 46 banks Mew York City side lew York In Chicago banks A. Interbank Federal funds transactions 1. Gross transactions 2,194 1,183 819 666 1,376 517 351 97 1,024 420 798 410 388 97 291 1,397 409 988 255 733 386 256 129 1,011 152 859 255 604 1. leans t o dealers 2/ 979 721 258 24 234 2 . Borrowings from dealers j / 102 75 28 3. Met loans 877 647 230 a. b. Purchases Sales 2. Total 2-way transactions l / 3. Total net transactions a. l e t purchases of met buying banks b . l e t sales of net selling banks e . l e t purchases or sales (-) 129 1 . Belated transactions with U. 8. Government securities dealers \J -- . 24 Derived from acre rages for Individual tanks for entire week* Figure f o r eaoh tank indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; that i s , i t i s the leaser 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 sales loss 2-way transactions equals net sales of net selling banks. 2/ Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale/ or other lending arrangements. 3/ Ffederal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase ), resale agreements, and borrowings secured by Gov't, or other issues. Mote: — Averages of daily f i g u r e s . 28 206