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L.5.6 CQHPIDBHTIAL (PR) August 9, 1963 •I Table 1. Reserve Positions of Major Banks Reserve Period Ended July 31, 1963 (All dollar figures are daily averages, in millions) Reserve city bants 45 reserve 8 New York I 37 banks citar banks City banks 1 outside NYC Pour aanreserve . city banks!/ 1. Reserve excess or deficiency (-) 18 2. less: Carry-over reserve deficiency -- 3. Less: Borrowings from Reserve Banks 29 4. less: Net Federal funds purchases or sales (-) 2/ -63 50 -113 -h 52 -35 87 3 l -1 2 4 15 -l 3 mm mm 29 mm mm 5. Equals: Net basic reserve suxplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves •*./ J, J-A O V AAO-JLJ* VA A CO'CJ, V C VViUJLJUUCU 1/i.Ul 2/ For details, see following table. . v • ' "i.-v » i y > k o\ Resea r cK l * r 0 i y L.5.6(a) CONFIDENTIAL (FR) < Table 2. Federal Funds Activity of Major Banks For the Week Ended July 31, 1963 (All figures are daily averages, in Millions) Reserve city banks 45 reserve 0 New Yoik 37 banks city banks City banks outside NYC Four nonseeerre oity banks 1. Gross transactions: a. With banks^z (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (l) Purchases (2) Sales (3) Net purchases or sales (-) 2. Total two-way transactions2 1,254 677 577 26 627 23 -38 12 -50 3 46 71 46 8 63 7 -25 38 -63 -7 714 422 292 586 301 285 26 649 251 398 30 -63 50 -113 -4 1,292 665 — — — - 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/ Bach 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.
