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1.6.2 COHFISEHTIAL (PR) December 12, 1962 Table 1. Reserve Positions of Major Batiks Reserve Period Ended November 7, 1962 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NIC e 1. Reserve excess or deficiency (-) e 2. Less: Carry-over reserve deficiency 3 9 " — - ~ - less: Borrowings from Reserve Banks 101 19 82 4. Less: Net Federal funds purchases or sales (-) 2/ 781 518 263 -jk -869 -527 -3^2 83 3. e 10 13 Four nanreserve . city banksj;/ 5. # Equals: Net "basic reserve surplus or deficit (-): # a. In millions of dollars b. As per cent of average required reserves 10# 15* - - 7% 1/ First half of reserve computation period. 2/ For details, see following table. E FEDERAL of *** BANK ' ; CITY DEC • r* '™nvE ;7 10(2 ljhra.ry — 85# L.6.2(a) ^ CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended November 7> 1962 (All figures are daily averages, in millions) Reserve city banks 37 banks 45 reserve 8 New York outside NXC city banks City banks Four nonseserve 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, okk 797 kkl Ik 788 432 35 6 -Ik 129 136 101 15 28 ~ - 12i - - -7 86 -93 " 826 5U0 286 ww 1,3M 605 539 — 363 87 276 lb 781 518 263 -74 1,8Ul 1,053 612 w 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. L.6.2(b) Table 3 Dally Federal Funds Activity of Major Banks Week Ended November 7, 1962 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date Transactions with banks l/ Effective rate (per cent) All respondents Nov. 1 2 5 6 7 0 NYC Banks Nov. 1 2 5 6 7 37 Reserve City Banks Outside NYC Nov. 1 2 5 6 7 4 Nonreserve City Nov. 1 2 5 6 7 3 2 7/8 3 3 3 Purchases Sales 1,714 1,915 1,780 1,706 1,935 1,173 1,202 1,084 1,040 995 1, 242 388 1,022 946 946 1,099 705 605 605 570 472 708 833 759 835 427 405 361 333 892 77 70 74 74 Transactions with Government securities dealers Total transactions Net Net Net Two-way purchases sales of purchases or net trading of net sales selling buying i/ (-) banks banks Purchases Sales 76 260 145 84 84 83 483 •734 693 684 49 159 54 54 68 20 20 372 26 26 19 29 29 240 125 74 74 82 185 73 83 98 - - 10 10 1 . 616 1,307 1,366 1,160 1,105 1,417 949 613 475 440 462 36 450 397 919 645 550 550 770 189 165 165 111 387 836 555 646 535 450 198 243 234 218 720 609 Borrowings from Reserve Banks 358 753 685 665 955 5 100 170 417 883 456 385 385 35 35 596 60 353 235 201 197 -449 367 374 354 449 65 77 70 74 74 91 -77 -70 -74 -74 -91 174 5 135 357 - - 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 securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total gross sales less two-way transitions equals net sale^ of net seeing banks.
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