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RESERVE

FEDERAL
statistical

release

:*AL

For Immediate release
October 8, 1965

1.5

Reserve V M l t i c u of Major Reserve City Banks
Reserve Period Xnded September 29, 1965
( i n Millions of d o l l a r s unless otherwise noted)

k€ tanks
Reserve excess or deficiency ( - ) 1 /

8 tanks In 38 banks out5 "banks 33 other
l e v York City side lew York i n Chicago banks
—

3

235

91

1#

783

70

713

188

525

-928

-23

-906

-278

-627

9.9

.6

15.5

28.0

13.0

50

Less: Borrowings trm Reserve Banks

238

fctsst l e t Interbank Federal funds
' purchases or sales ( - ) 2 /

.

1(2

42

92

Beaalsz l e t b a s i c reserve surplus
or d e f i c i t ( - ) ;
a.

l e t amount

b.

As per cent of average r e quired reserves

- , 1 / Be serves held a f t e r a l l a d j u s t a m t s «qppllcsble t o t h e reportlag period l e s s the snm «f
required reserves sad carryover reserve d e f l o l e a o l e s .
> r

, 2/

For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks.

v l c t e : — Arorages of d a l l y flgores*




1.5(a)
Federal Funds Transactions of Major Be serve City Banks
f o r t h e Week Ended September 29, 1965
( l a millions of dtiJLars)
8 bsnks i n 38 bsnks out- 5 bsnks 33 other
k6 banks lew York City side lew York i n Chicago books
A. Interbank Federal funds
transactions
1* ftrvpi t r a n g f t r t l a i i
a.
b.

Purchases
Sales

2 . Total 2-wsar transactions 1 /

•

1,985
1,203

696
626

1,290
577

326
138

963
438

865

418

1*8

132

315

3* Total net transactions
a.

Vet purchases of net
buying banks
Set sales of net
s e l l i n g bsnks
l e t purchases or sales
(-)

•

1,120

278

81*2

19k

648

337

208

129

6

123

783

70

713

188

525

1 . Loans t o dealers 2 /

627

521

106

6

99

2 . Borrowings from dealers j /

103

79

: 2k

3

21

3* Bet loans

32k

1*2

82

3

78

b.
e.

B. Belated transactions with
U. 8 . Government s e c u r i t i e s
dealers

1/

Derived firm averages f o r individual "banks f o r e n t i r e w o k . Figure f o r w e b bank
Indicates extent t o which I t s weekly average purchases and s a l e s are o f f s e t t i n g ]
t h a t i s , i t l a t h e l e a s e r of t h e two m o u n t s . Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying banks. Similarly, gross sales l o s s
2-way transactions equals net sales of net s e l l i n g banks.

2/

Federal funds loaned, met funds supplied t o each dealer by clearing banks,
repurchase agreements (purchases of s e c u r i t i e s fires dealers subject t o r e s a l e )
or other lending arrangements.

5/

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 flor't. or other i s s u e s .

Vote: — Averages of d a i l y f i g u r e s .