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L.5.6
^4/. kt-f: '•
COHFIDEHTIAL (FR)
'
.....
;
August 2, 1963
> Y
; Table 1.
Reserve Positions of Major Batiks
Reserve Period Ended July 24, 1963
{m
dollar figures are daily averages, in millions)
Reserve city banks
37 banks
45 reserve 8 Her York
outside
NYC
City
banks
city banks
1* Reserve excess or
deficiency (-)
Four
eoaeeserve .
city bank#!/
- 7 ( 1 )
112
73
39
2. Less: Carry-over
reserve deficiency
2
--
2
3. less: Borrowings
from Reserve Banks
135
--
135
4. Less: Net Federal
funds purchases or
sales (-) 2/
256
152
103
l!3
(-25)
-281
-80
-201
6
( 26)
-3
- 2
-k
6
( 24)
- -
- - )
(
(
—
)
5. Equals: Net basic
reserve surplus or
deficit (-):
a. In millions of
dollars
b. As per cent of
average required
reserves
1/ Second half of reserve computation period. Figures in parentheses
are those for the full reserve period.
2/ For details, see the following table.
#
L. 5-6(a)
COKFIDEHTIAL (FR)
Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended July 24, 1963
(All figures are daily averages, in millions)
Reserve city banks
37 banks
45 reserve ti New Yoifc
outside NIC
city banks City banks
loar
nonseserre
city banks
1. Gross transactions:
a. With banks^:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)
b. With Government
securities dealers:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)
2. Total two-way transactions2
1,372
1,038
701
570
671
468
18
334
131
203
-9
27
105
27
5
100
4
-78
22
-100
-4
734
476
258
--
665
252
413
9
409
99
310
22
256
153
103
-13
9
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
Daily Federal funds Activity of Major Banks
Week Ended July 24, 1963
(in millions of dollars)
L.5.60b)
CQKF3DEHTIAL (FR)
Reporting
banks
and
date
All respondents
July 18
19
22
23
24
0 NYC Banks
July 18
19
22
23
24
37 Reserve City
Banks Outside fotC
July 18
19
22
23
2k
4 Nonreserve City
Banks
July 18
19
22
23
2k
Transactions with
banks l/
Effective
rate
(per cent)
UK
2 3A
2
3/4
Transactions
with Government
securities
dealers
Purchases
Sales
Total transactions
Net
Net
Net
Two-way purchases sales of purchases
or
net
trading of net
sales
selling
buying
s/
(-)
banks
banks
Purchases
Sales
1,321
1,671
1,571
748
1,116
1,118
1,182
1.008
45
31
37
15
197
83
182
87
50
423
773
757
622
288
943
928
347
635
545
45
26
284
580
508
388
366
353
97
31
126
53
252
376
362
524
276
1,110
65k
820
866
817
448
227
501
789
754
662
415
16
619
573
386
460
556
540
419
15
21
16
23
16
31
37
15
- -
10
501
196
l6l
83
164
77
50
10
- -
139
265
256
256
91
851
503
166
498
4o6
323
16
8
10
12
520
424
542
646
770
423
504
309
-143
-4o4
87
493
262
300
-155
-345
377
-45
( y248
" 35
46
-•?4
24
20
23
32
15
-24
-4
-23
-32
-1
407
463
360
Borrowings
from
Reserve
Banks
316
198
35
- -
316
198
35
— —
l/ May
modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies,
~~ 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
gross ^ l e s less ^o-vay traductions equals net sale^ of net selling banks.
@FedFRASER