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162
..
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)
Purchases

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

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.