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mm Bnwftnrei*5ii.w Din I r^C^*\A/W\ ^ For Immediate release October 30,1964 > Reserve Positions of Major Reserve City Banks - ? ^ Y « e s c n r e Period Ended October 21, 1964 :', V? G0VtivR0.^>< / pr<y' • / ( i n Billions of dollars unless otherwise noted) k6 tanks » »« Reserve excess or deficiency ( - ) 1/ •Less: Borrowings from Reserve Banks "teesi Net interbank Federal funds purchases or sales ( - ) 2/ - 8 hanks in 38 banks out- 5 banks 33 other Hew York City side New York in Chicago banks 4 4 - 8 - 2 - 6 246 87 159 10 149 99 408 -24 432 -586 ' • V 507 Equalst Net basic reserve surplus , or d e f i c i t (-)$ •** a . Het amount "be As per cent of average r e quired reserves ' -757 -182 -575 12 8.2 5.0 10.2 1.2 & 12.5 — 1/ Reserves held a f t e r a l l adjustments applicable t o the reporting period less the sun of required reserves and carryover reserve deficiencies. J 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Jfatet - - Averages of daily figures# •r nl . Federal Funds Transactions of Major Reserve City Banks for the Week Ended October 21, 1964 (in millions of dollars) 8 banks In 38 banks out- 5 banks 33 other 46 banks New York City side New York In Chicago banks V • A. Interbank Federal funds transactions 1. Gross transactions ' » a. b. Purchases Sales 2. Total 2-way transactions 1/ 4 1,824 1,318 635 733 1,091 261 830 972 53° 442 133 309 3 • Total net transactions a. Met purchases of net buying banks b . Net sales of net selling banks c . Net purchases or sales (-) e " ^ » r 2. Borrowings from dealers j / 3 • Net loans 203 649 128 521 345 104 241 152 89 507 99 408 -24 -326 70 • • 944 637 306 66 65 1 878 ' 572 306 " 70 »* <.l/ ' Derived from averages for individual "banks for entire week. Figure for each bank indicates extent t o which i t s weekly average purchases and sales are offsetting; that i s , i t i s 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 f r e e dealers subject t o resale) » or other lending arrangements. '2/ f m Federal funds borrowed, net funds acquired f r e e 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. ~Hotet — Averages of dally figures. 398 852 B. Related transactions with w U. S. Government securities dealers 1. Loans t o dealers 2/ 285 • > v.„ 683 ' 236 1 235
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