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- April 12, 1963 CONFIDENTIAL (FR) Table 1. Reserve Positions of Major Banks Reserve Period Ended April 3, 1963 (AH dollar figures are daily averages, in millions) Reserve city banks 37 banks 45 reserve 8 New York outside NYC city banks City banks e 2. Less: Carry-over reserve deficiency 3 3. Less: Borrowings e # e (— ) 3 - - CVI e 19 19 & 38 - Reserve excess or deficiency (-) 1 . Four nonreserve . city banksi/ ( 4) from Reserve Banks 90 31 59 4. Less: Net Federal funds purchases or sales (-) 2/ 419 342 77 -97 (-137) -4?4 -354 -120 126 ( 135) -5 - 9 - 2 105 ( 112) 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves l/ Second half of reserve computation period. Figures in parentheses are those for the full reserve period. 2/ For details, see following table. / AlDJCjll ipJVdSdtf €981 — 6 1 tid'V A I D S, :iW>j J° )INVi IM3S3<d WH3G3J L.i?.6.(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended April 3, 1963 (All figures are daily averages, in millions) Reserve city banks *5 reserve 8 New York 37 banks city banks City banks outside NIC lour noneeserre city banks 1. Gross transactions: 2. Total two-wav transactions2 852 522 875 652 1 95 553 330 223 -94 21 155 21 9 -134 12 1 1 b. With Government securities dealers: (1) Purchases (2) Sales (3) Net purchases or sales (-) 1,727 1,174 '3 a. With banks1: (1) Purchases (2) Sales (3) Net purchases or sales (-) 852 531 321 896 342 554 3 -3 1 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 477 419 342 477 97 77 -97 l/ May include modest amounts of transactions with other than domestic commercial ~~ banks (e.g., foreign bank agencies, mutual savings banks). 2/ Bach week's offsetting purchases and sales by the same bank. Note that gross purchases in the bank and Government securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total gross sales less twonay transactions equals net sales of net selling banks. • • CONFIDENTIAL (FR) Reporting hanks and date All respondents Mar. 28 29 Apr. 1 2 3 0 NYC Banks Mar. 28 29 Apr. 1 2 3 37 Reserve City Banks Outside SXC Mar. 2ti 29 Apr. 1 2 3 4 Nonreserve City Banks Mar. 28 29 Apr. 1 2 3 Tab!# 3 • Dally Federal Funds Activity of Major Banks Week Ended April 3, 1963 (in millions of dollars) Transactions with banks 1/ Effective rate (per cent) Purchases 3 3 3 , 2 3/t 1 1/2 Sales Transactions with Government securities dealers Purchases Sales Total transactions Net Net Net purchases sales of purchases Two-way net or trading of net sales selling buying 5/ (-) banks banks 1,456 1,360 36 18 20 21 16 220 154 152 157 111 709 513 1,132 920 914 1,471 816 1,171 1,039 893 1,289 522 677 694 556 1,176 615 1,253 937 747 525 240 754 798 850 36 18 19 21 16 20 375 169 30 10 5 784 671 637 837 403 488 958 1,010 596 796 475 494 200 154 122 147 86 323 283 348 248 2,145 1,311 2,284 1,938 1.791 1,778 880 696 1,030 1,000 1,043 10 1,656 242 43 106 183 15 1 :: 230 276 287 126 137 217 634 887 413 683 752 767 468 571 374 304 - - 294 494 345 337 324 95 17 668 393 488 150 -91 g -253 -55 112 378 463 229 43 106 183 -232 -43 -106 -183 35 -35 232 10 20 10 182 Borrowings front Reserve Banks 55 17 - - l/ May Include modest amounts of transactions with other than domestic commercial hanks (e.g., foreign hank agencies, mutual savings hanks). 2/ Each day's offsetting purchases and sales hy the same hank. Note that gross purchases in the hank and Government dealer categories less two-way transactions equals net purchases of net "buying hanks. Similarly, total Digitized for securities FRASER gross sales less two-way transactions equals net sales of net selling hanks.
@FedFRASER