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L.5.6 August 11, 1964 CONFIDENTIAL (FR) > ; 4/ '> , Table 1. Reserve Positions of Major Banks Reserve Period Ended July 29, 1964 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NYC 1. Reserve excess or deficiency (-) 20 2. less: Carry-over reserve deficiency - - 3. Less: Borrowings front Reserve Banks 41 4. Less: Net Federal funds purchases or sales (-) 2/ Four nmreserve . city banked:/ 11 • — — — — — — 14 27 z5 -238 233 -95 -16 233 -249 95 6 -5 84 9 *» mm 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves l/ First half of reserve computation period. 15/ For details, see following table. i 1.5.6(a) # CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended July 29, 1964 (All figures are daily averages, in millions) Reserve city banks 45 reserve H New York 37 banks city "banks City banks outside NYC Few nonseserve city banks Gross transactions: a. With banks1: (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (1) Purchases Sales Net purchases or sales (-) 2. Total two-way transactions^ 25 2,011 1,20% 908 1,077 807 118 -26 -296 270 -93 132 111 81 23 88 2 21 58 -37 -2 1,281 736 545 836 253 583 24 841 491 350 119 -5 -238 233 -95 1,985 51 3. Total net transactions 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. *L.5.6(b) • • * * Tabl?3 * Dally Federal Funds Activity of Major Banks Week Ended July 29, 1964 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents July 23 24 27 28 29 0 NYC Banks" July 23 24 27 28 29 37 Reserve City ~ Outside NYC July 23 24 27 28 22 4 Nonreserve City Banks July 23 24 Transactions with, banks l/ Effective rate (per cent] Purchases 3 1/2 3 1/2 3 1/2 m . 2,079 2,158 1,872 1,863 1,790 834 943 Sales Purchases Sales 2,137 2,256 2,055 127 161 112 11: 174 M 1,345 1,232 888 937 1,196 1,143 1,054 1,206 677 902 732 884 867 1,184 96k 906 913 ko 30 Transactions with Government securities dealers 658 115 121 76 110 62 63 "37 51 51 51 51 51 80 108 Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net sales buying selling 5/ (-) banks banks 1,095 1,288 1,192 1,111 1,031 792 1,215 1,047 970 1,099 775 6k 1,100 40 598 785 715 593 677 312 269 228 579 to6 497 503 477 507 573 759 732 537 449 391 4o 30 207 10 30 30 30 134 70 78 34 162 1,259 876 619 235 407 786 457 -104 -16 -178 -223 -156 Borrowings from Reserve Banks 50 142 -474 -188 -275 -172 -178 100 313 468 332 409 246 446 264 50 114 -74 510 120 205 4o 145 42 -90 20 -106 20 126 127 20 110 20 109 -89 29 10 10 121 -121 117 15 NOTE: Details may not add to totals because of rounding• JL/ 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. 27 28 Federal Reserve Bank of St. Louis
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