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L. 5:6 Of tv April 13, 1964 APD # --rR l b COHFIDEMTIAL (FR)m . _ ( 't<<r*-irrh Libi r m Table 1. Reserve Positions of Major Banks Reserve Period Ended April 1, 1964 (All dollar figures are daily averages, in millions) Reserve city hanks 45 reserve 8 New York 37 banks city banks City banks outside NYC • 1. Reserve excess or deficiency (-) • • • 26 30 -3 ( 1) 2. Less: Carry-over reserve deficiency 3 - - 3 ( —) 3. Less: Borrowings from Reserve Banks 36 — — 36 ( —) 4. Less: Net Federal funds purchases or sales (-) 2/ 465 412 53 -259 f243) -448 -386 -62 256 (244) -5 -10 -1 l?8 (171) 5. Equals: Net basic reserve surplus or deficit (-): a. • 56 Four nonreserve . city banks.!/ 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 the following table. L. 5.6(d) ^CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended. April 1, 1964 (All figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city "banks City banks outside NYC 1. Gross transactions: I 1 a. With banks"h (1) Purchases (2) Sales (3) Net purchases or sales (-) i ) b. With Government securities dealers: (I) Purchases Sales Net purchases or sales (-) 2. Total two-way transactions2 2,024 1,329 1,010 6o4 695 16 246 16 10 •230 Four nonreserve city banks l,0l4 725 10 267 289 -257 236 2 -236 -2 1,030 566 464 1,01C 460 550 5 545 48 497 264 465 412 53 -259 3. Total net transI actions' I # a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) l/ May include modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies, mutual savings banks). 2/ Each 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 twoway transactions equals net sales of net selling banks. *.5.6(b) * Table 3 Daily Federal Funds Activity of Major Banks Week Ended April 1, 1964 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents Mar. 26 27 30 31 Apr. 1 0 NYC Banks Mar. 26 27 30 31 Apr. 1 37 Reserve City Banks Outside NYC Mar. 26 27 30 31 Apr. 1 4 Nonreserve City Banks Mar. 26 27 30 31 Apr. 1 Transactions with banks 1/ Effective rate 1/2 1/2 1/2 1/2 1/2 Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying sales selling 5/ (-) banks banks Sales Purchases Sales 1,959 2,081 2,171 1,525 2,333 1,516 1,634 1,963 879 1,923 30 21 10 50 364 325 144 179 68 855 931 934 522 1,314 1,134 1,151 1,258 1,013 1,069 1,025 1,027 1,172 535 676 109 124 86 478 393 1,042 999 1,092 748 1,188 683 552 689 316 887 30 30 10 15 15 553 475 623 238 830 519 524 490 521 4o8 159 76 75 92 71 360 448 415 429 337 917 1,083 1,059 727 1,145 481 718 1,104 472 866 331 322 134 165 53 302 456 311 285 484 615 627 748 442 661 509 584 926 351 434 106 43 -178 91 227 355 365 169 90 169 -355 -365 -149 -4o -169 [per cent) Purchases 3 3 3 3 3 Transactions with Government securities dealers *-«•* 20 50 353 363 170 91 170 «. «a - - 21 10 50 — —» — — — — - - — — — — 3 3 — — * - •»-» mama 20 50 Borrowings from Reserve Banks 134 29 89 - " — — - e. — ~ — 134 29 89 — «•*> « - l/ May include modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies, mutual savings banks). 2/ Each day'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 http://fraser.stlouisfed.org/ gross sales less two-way transactions equals net sales of net selling banks. Federal Reserve Bank of St. Louis
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