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w#"'ilip uwmwmwin-mi ippump m I ™ n m i » I P H H H M T 3 -oTgoverno^ z % '$v LIBRARY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.5 % RESERVE-^ ^4/. September 4, 1964 The attached statement, "The Basic Reserve Position, and Federal Funds and Related Transactions of Major Reserve City Banks" is the first of a series of weekly public releases of Federal funds data. The reporting week ends on a Wednesday and the statement covering that week will be distributed one week from the following Friday. These data are also available monthly in the Federal Reserve Bulletin beginning with August 1964. An article describing the Series in detail and furnishing back data for almost five years was included in the August Bulletin. Your name will be added to the mailing list for this release upon request tot Publications Section, Board of Governors of the Federal Reserve System, Washington, D. C. 20551 L I B R A R Y &• e e i 9 o 1.51 Table I * Beserve Posit leas of Major Besenre City Banks Beserve Period Ended August 26, 196U' v (in millions of dollars unless otherwise noted) • ' Q> k6 "banks 8 "banks in 38 "banks outrc* 5 banks 33 o f h Bev York City side Bev York in Chicago banks 4 Reserve excess or deficiency (-) l/ 18 10 8 -1 9 Less: Borrowings free Be serve Banks 156 55 101 6 96 Less: let Interbank Federal funds purchases or sales (-) 2 / 368 l4l . 227 28 199 -506 -1B6 -320 -35 -285 5.5 5.2 5-8 3.8 6.2 . Equals: Bet basic reserve surplus or deficit (-); a. Bet amount ¥ To. As per cent of average required reserves 9 ft 1/ Be serves held after all adjustments applicable to the reporting period less the sum of , required reserves and carryover reserve deficiencies. 2f* For details see Federal Funds Transactions of Major Be serve City Banks. • Mote: — Averages of daily figures. H.5(a) Table II *- T Federal Funds Transactions of Major Reserve City Banks for the Week Ended August 26, 1964 (in millions of dollars) , 33 other 38 banks out- 5 banks 8 banks in 46 banks Hew York City side Mew York in Chicago banks • \- Interbank Federal funds transactions 1.flrppptransactions 4 -v > 678 537 2. Total 2-way transactions l/ 895 886 659 228 200 658 459 477 a. Purchases b. Sales 4l8 116 302 3. Total net transactions a. Ret purchases of mat buying banks b. Net sales of net selling banks c. Het purchases or sales ' 669 201 468 112 356 301 60 241 84 157 368 l4l 227 28 1$ 1. Loans to dealers 2/ 946 637 309 90 219 2. Borrowings from dealers j/ 174 93 81 3 78 3» Het loans 772 544 228 87 141 (-) B. Related transactions with • U. 8. Government securities dealers • £/ Derived from averages for Individual "banks far entire week. Figure for each "bank Indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way trans* actions equals net purchases of net buying hanks# Similarly, gross sales less » 2-way transactions equals net sales of net selling hanks. * } |/ Federal funds loaned, net funds supplied to each dealer by clearing hanks, repurchase agreements (purchases of securities free dealers subject to resale) o r other lending arrangements. a f y A Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repur-— chase), resale agreements, and borrowings secured by Gov't, or other issues. lotei — Averages of daily figures.
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