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L.5.6 August 19, 1964 C0HF3DENTIAL (FR) - ; !• = ; Reserve Positions of Major Banks Reserve Period Ended August 5> 1964 (All dollar figures are daily averages, in millions) Reserve city banks 37 banks 8 New York 45 reserve outside NYC city banks City banks 1. Reserve excess or deficiency (-) 21 21 Four HCDareserve city banks^/ 2 ( 1) 2. less: Carry-over reserve deficiency 7 6 1 ( —) 3- Less: Borrowings from Reserve Banks 69 2 67 ( —) 4. Less: Net Federal funds purchases or sales (-) 2/ 315 194 121 -137 (-116) -370 -202 -168 139 ( 117) -4 -5 -3 117 ( 101) 5- Equals: Net basic reserve surplus or deficit (-): a. 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 following table. L.5.6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Weak Ended August 5, 1964 (All figures are daily averages, in millions) Reserve city banks 37 banks 8 New York 45 reserve City banks outside NYC city banks Four nonreserve city banks 1. Gross transactions: With banks^: (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^ 2,039 1,572 1,004 840 1,035 732 1 131 467 164 303 -130 90 242 39 9 51 233 7 -152 30 -182 -7 1,288 616 672 841 427 4l4 526 233 293 137 315 194 121 -137 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks 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 5, 1964 (in millions of dollars) L.5.6(b) CONFIDENTIAL (FR) Transactions with banks 1/ Reporting banks and date Effective rate All respondents July 30 31 Aug. 3 4 5 0 NYC Banks July 30 31 Aug- 3 4 5 37 Reserve City Banks Outside NYC July 30 31 Aug. 3 4 5 4 Nonreserve City Banks July 30 31 Aug, 3 1/2 1/2' 1/2 1/2 1/2 Net Net Net Two-way purchases sales of purchases or net trading of net sales buying selling 2/ banks banks (-) Sales Purchases Sales 1,983 1,958 2,308 2,315 1.799 2,010 1,754 1,935 1,689 1,047 103 100 74 90 61 336 301 151 245 110 1,206 1,102 1,146 1,398 839 880 956 1,236 1,006 1,021 1,139 952 938 534 317 -259 4 298 472 704 889 923 1,236 1,186 947 1,081 881 938 758 472 52 49 23 39 10 30 626 513 559 730 377 315 459 701 495 580 484 367 378 58 94 -169 92 323 437 486 1,085 1,035 1,072 1,129 792 743 842 766 51 51 51 51 301 294 151 195 105 580 590 588 668 462 556 496 535 512 44l 512 446 403 291 144 44 50 132 221 297 10 ill 137 -131 -137 852 => m . Total transactions Purchases 10 k 5 3 3 3 3 3 Transactions with Government securities dealers 501 137 131 156 165 74 51 -=• 30 — — 5 « =° e» a «=• = 7 =* = 20 5 155 00 a 0 — ™ 184 78 -155 -184 -78 Borrowings from Reserve Banks - - 33 — — 384 —»«• = — *• ~ 17 e» =» 33 -= = 367 "*=• c=> =r= =3 0 era => C=> _l/ Ma-y 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 Federal Reserve Bank ofsales St. Louis less two-way transactions equals net sales of net selling banks.
@FedFRASER