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L. 5.6 fEDERAL of K A N S A S O T Y • CONFIDENTIAL (FR) 1 RESERVE B* ^uq g August 3, 1964 1964 —» Research Library Table 1. Reserve Positions of Major Banks Reserve Period Ended July 22, 1964 (All dollar figures are daily averages, in millions) Reserve city banks 4-5 reserve 8 New York 37 banks city banks City banks outside NYC 1. Reserve excess or deficiency (-) 54 16 Four Btinreserve . city banks!/ 3 38 ( 2) 2. less: Carry-over reserve deficiency 4 3. Less: Borrowings from Reserve Banks 45 k. Less: Net Federal funds purchases or sales (-) 2/ 509 2l4 295 zJl (-73) -504 -198 -306 76 ( 75) -6 -5 -6 68 ( 66) - - — «• 4 — 45 ( - - ) ( - - ) 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 the following table. L. 5« 6(a) •CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended July 22, 1964 (All figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city "banks City banks outside NYC Four nonreserve c i % banks Gross transactions: a. With banks^: (1) Purchases (2) Sales (3) Net purchases or sales (-) I b. With Government securities dealers: (1) Purchases Sales Net purchases or sales (-) 2. Total two-way transactions^ 3« > 8 2,159 1,528 ,050 863 1,109 665 80 631 187 444 -72 204 82 46 19 185 1 -122 27 -149 -1 1,133 609 524 1,108 487 621 7 599 273 326 80 214 295 -73 36 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 E~ 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. 1.5.6(b) Table 3 Daily Federal Funds Activity of Major Banks Week Ended July 22, 1964 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents July 16 17 20 21 22 0 NYC Banks July 16 17 20 21 22 37 Reserve City Banks Outside NYC July 16 17 20 21 22 4 Nonreserve City Banks July 16 17 20 21 22 Transactions with banks l/ Effective rate [per cent) 3 3 3 3 1 1/2 1/2 1/2 . 1/2 Purchases Sales Transactions with Government securities dealers Purchases Sales Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying sales selling i/ banks banks H 2,163 2,386 2,058 1,973 1,816 1,477 1,622 1,521 1,623 1,774 75 90 76 85 65 205 231 213 156 175 934 1,142 1,034 1,028 933 1,305 1,335 1,100 1,030 948 747 710 699 750 1,015 558 625 401 280 -67 1,012 1,134 1,107 1,016 811 840 8o4 751 905 1,133 50 65 25 34 l4 10 18 25 10 4o 557 596 572 571 562 505 603 560 479 263 291 225 203 342 610 - 214 378 357 137 -347 l,l4i 1,242 936 957 1,005 567 738 686 623 570 25 25 51 51 51 189 213 188 146 135 376 545 46l 457 371 790 722 525 551 685 378 4o4 412 311 333 412 318 113 240 352 10 10 15 70 80 84 96 71 10 10 15 75 79 83 95 70 -65 -69 -68 -95 -70 - — - - 6 - — — — — — - — — — — — — — - - - - — - - Borrowings from Reserve Banks 19 80 55 - - - - - - — - - 19 80 55 - - — - - - - 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 dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total Digitized forsecurities FRASER http://fraser.stlouisfed.org/ I gross^sales less ^jjwo-way transactions eq^JLs net sal^i of net sejyjjig banks # # # Federal Reserve Bank of St. Louis
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