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L.5.6(a) CONFIDENTIAL (FR) Table 2. Pectoral Funds Activity of Major Banks For the Weak Ended August 14, 1963 (All figures are daily averages, In millions) Reserve city banks 45 reserve ti New Yoik 37 banks city banks City banks outside NIC lour nonseserve city banks 1. Gross transactions: I ) a. With banks*1": (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (1) Purchases (2) Sales (3) Net purchases or sales (-) I 2. Total twn-«AT actions2 1,534 1,234 848 559 686 675 34 115 300 289 11 -81 29 72 29 6 66 -43 23 -66 698 470 228 865 407 458 34 608 95 513 115 257 312 -55 -81 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. Table 3 Dally Federal Funds Activity of Major Banks Week Ended (in millions of dollars) L.5-6(b) CQKFIDEHTIAL (PR) Reporting banks and date All respondents Aug. e 9 12 13 14 0 m c Banks Transactions with banks l/ Effective rate (per cenl) 3 3 3 3 3 Purchases Sales Purchases 1,370 1,472 1,772 1,714 1,149 1,273 1,550 l,4i4 1,520 17 30 4l 13 46 359 503 17 30 4l 13 46 1/2 1/2 1/2 3/8 3/8 1,698 Aug. 8 9 12 13 14 757 817 37 Reserve City Banks Outside NYC Aug. ti 9 12 13 14 990 995 743 706 613 625 652 629 738 733 670 906 1 Nonreserve City Banks 8 9 12 13 14 HAflW. fw.-t-.-l la rno-uWA+. Transactions with Government securities dealers Aug. 543 799 - - 819 639 Sales 89 68 82 100 24 3 20 10 89 65 82 80 l4 Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net sales selling buying 5/ (-) banks banks 458 587 744 712 862 1,069 297 425 488 487 502 477 421 543 521 287 162 162 256 451 463 481 444 545 226 361 929 914 1,015 882 138 +/ 30 45 50 50 l4l 110 52 82 nf 1nrnin^'fnff. * «"» 30 45 50 Borrowings from Reserve Banks 779 753 886 800 681 150 215 201 28 62 80 415 341 220 160 , 217 75 306 578 531 558 672 292 137 140 109 51 81 161 183 371 290 326 446 -19 -127 -68 -77 -228 253 -137 -110 -64 -1 -31 151 130 28 - - 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 Federal Reserve Bank of St. Louis less two-way transactions equals net sales of net selling banks.