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L.V--6 August 16, 1963 COMFIDEHTIAL (FR) RESERVE B A N K of KAN-' ' utile 1. .,,f ->2 1C(3 Reserve Positions of Major Banks * Reserve Period Ended August 7, 1963 , Respn^h Lib^ry (All dollar figures are daily averages, in Millions) Reserve city banks 45 reserve 8 New York 37 tanks city banks City banks outside NYC Four nooreserve . city banks!/ 1. Reserve excess or deficiency (-) 9 2. Less; Carry-over reserve deficiency l 3' Less: Borrowings from Reserve Banks 21k 79 135 4. Less: Net Federal funds purchases or sales (-) 2/ 359 437 -78 -59 (-32) -565 -514 -51 62 ( 33) -6 -14 -l 59 ( 32) 2 — — 7 1 3 ( 1) — ( --) ( —) 5» Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars be 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. e i.. .( ( ) COHFIDEMTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended August 7, 1963 (All figures are daily averages, in millions) Reserve city banks 45 reserve ti New York 37 banks city banks City banks outside NXC Four nonEeserve city banks 1. Gross transactions: a. With banks'1-: (l) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (l) Purchases (2S Sales (3) Net purchases or sales (-) 2. Total two-wav transactions2 1,663 1,288 967 549 739 59 375 4l8 -43 -59 2k ho 2k 5 35 -16 19 -35 709 U3 266 978 548 430 W — 619 111 508 59 359 437 -78 -59 696 __ 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 August 7, 1963 (in millions of dollars) L.5.6(b) CONFIDENTIAL (PR) Reporting banks and. date All respondents AUg. JL 2 5 6 7 0 NYC Banks Aug. 1 2 5 6 7 37 Reserve CityBanks Outside NIC AUg. 1 2 5 6 7 4 Nonreserve City Banks Aug. 1 2 5 6 7 Transactions with banks l/ Effective rate (per cent) 3 3 3 3 3 1/2 1/2 1/2 1/2 1/2 Purchases Sales Transactions vith Government securities dealers Purchases Sales 1,869 1,783 1,482 1,468 1,467 1,688 1,488 1,153 1,113 1,024 1 42 12 25 1 81 44 1,188 1,035 841 802 831 587 595 489 572 419 1 42 12 25 1 25 681 748 64l 1,062 837 594 468 545 666 636 " 39 57 70 73 61 - - 27 14 22 7 S 27 7 22 Total transactions Net Net Net Two-way purchases sales of purchases or net trading of net sales buying selling 2/ (-) banks banks 725 687 613 613 541 1,145 1,138 503 427 382 373 346 686 222 260 231 459 488 410 427 441 24o 195 881 880 927 651 471 454 486 102 294 316 367 423 100 4o 108 167 106 578 484 365 249 4l4 100 895 620 -436 -132 22 193 70 565 513 504 205 72 388 234 371 g 38 - - *» mm Borrowings from Reserve Banks 72 60 300 411 563 165 155 130 4o 135 256 433 -38 -56 -69 - - -72 -60 , mutual savings banks). 2/ 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 gros£ sales les^two-way transactions ec^als net sa^s of net s^JLing banks^
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