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FEDBftAL of ! «1,516 m cohfidehtial ftarr^vE ^ BANK ,TY April 2k, 1964 .'•) 111A library - (Ft.) . Table 1. Reserve Positions of Major Banks Reserve Period Ended April 15, 1964 (All dollar figures are daily averages, in millions) Reserve c i t y banks 37 banks 45 reserve 8 New York outside NYC c i t y banks City banks 1. Reserve excess or deficiency (-) 2. 3. Four nonreserve . c i t y banks2:/ -7 ( 1 - ( --) 10 68 - ( - ) 466 633 -167 -100 (-96) -520 -629 109 93 ( 98) -6 -17 2 26 15 11 l e s s : Carry-over reserve deficiency 2 1 Less: Borrowings from Reserve Banks 78 2) k. Less: Net Federal funds purchases or sales (-) 2 / 5. Equals: Net "basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves y • Second h a l f of r e s e r v e computation p e r i o d < F i g u r e s i n p a r e n t h e s e s are those f o r the f u l l reserve period. For d e t a i l s , see t h e f o l l o w i n g t a b l e . 2/ 83 ( 93) 1.5.6(a) # ' CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended April 15# 1964 (All figures are daily averages, in millions) Reserve c i t y banks 45 reserve ti New York 37 banks c i t y banks City banks outside NYC |L. Gross transactions: a. i b. • With banks"'-: ( l ) Purchases (2) Sales (3) Net purchases or sales ( - ) With Government securities dealers: ( l ) Purchases (2) Sales (3) Net purchases or sales ( - ) 2. Total two-way transactions 2 6- Total net transactions a. • Four nonreserve c i t y banks b. c. Net purchases of net buying banks Net sales of net s e l l i n g banks Net purchases or sales ( - ) 2,081 1,380 1,143 543 938 837 84 701 600 101 -84 38 273 38 5 268 16 -235 33 -268 -16 1,036 544 492 1,083 637 446 617 4 613 100 466 633 -167 -100 OB <>» —— % / May include modest amounts of transactions with other than domestic commercial banks ( e . g . , foreign bank agencies, mutual savings banks). 2 / Each week's o f f s e t t i n g purchases and sales by the same bank. Note t h a t gross purchases in the bank and Government s e c u r i t i e s dealer categories l e s s two-way transactions equals net purchases of net buying banks. Similarly, t o t a l gross sales l e s s twoway transactions equals net sales of net s e l l i n g banks. Table 3 Daily Federal Funds A c t i v i t y of Major Banks Week Ended April 15, 196% ( i n millions of dollars) L.5.6(b) CONFIDENTIAL (FR) Reporting banks and date Effective rate Transactions with banks l / Purchases Transactions with Government securities dealers lb 15 0 NYC Banks Apr. 9 10 13 l4 15 37 Reserve C i t y Banks Outside NYC Apr ° 9 10 13 l4 15 4 Nonreserve C i t y Banks Apr. 9 10 13 lb 15 3 3 3 3 3 1/2 1/2 1/2 1/2 1/2 2,029 2,259 1,852 2,020 1,892 965 1,179 1,072 1,236 1,194 1,064 1,080 780 784 698 =* « • CO 00 = 0» CE> CD " ° Net Net Net Two-way purchases sales of purchases net or t r a d i n g of net sales buying s e l l i n g 2/ (-) banks banks Sales Purchases Sales 1,550 296 363 285 226 129 895 1,093 927 682 1,153 1,211 953 1,378 950 1,369 1,327 1,183 20 45 28 40 42 546 203 333 228 509 622 575 648 594 333 363 20 45 28 4o 42 5 5 10 5 44o 545 624 587 1,006 911 139 52 90 66 37 4o6 572 497 940 874 257 342 259 456 493 4l4 412 44l 608 705 729 564 745 328 "97 -142 -198 -373 -71 103 95 69 56 179 -103 -95 (per cent) A l l respondents Apr- 9 10 13 TotaJL transactions 1,608 905 880 721 949 645 70 80 54 45 176 «= « • » -r. c=, — — 0 0 •» — 00 <•» ® = 209 125 34 16 16 12 4 766 600 513 270 325 1,168 587 366 372 257 <ea <-» = - - —= =>oo = 03 00 •= 878 725 869 -69 -56 -179 Borrowings from Reserve Banks 23 - ™ 46 474 00 - =° - 70 23 = 00 - - 46 4o4 - - o=> c —— 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 o f f s e t t i n g purchases and sales by the same bank. Note t h a t gross purchases in the bank and Government s e c u r i t i e s dealer categories l e s s two-way transactions equals net purchases of net buying banks. Similarly, t o t a l http://fraser.stlouisfed.org/ 5s sales le#g two-way transactions #guals net s#Les of net S a i l i n g bank#. # Federal Reserve Bank of St. Louis
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