View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

162
..
#

CONFIDENTIAL (PR)

December 13, 1962

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended November ±h, 1962
(All dollar figures are daily averages, in millions)
Reserve city banks
*5 reserve
8 New York
37 banks
city banks
City banks
outside NYC
1. Reserve excess or
deficiency (-)

Four
nonreserve .
city banks 1/
11

( 10)

-

(

4l

11

( 5)

544

351

-77

(-75)

-537

-381

77

32

19

13

5

3

2

Less: Borrowings
from Reserve Banks

50

9

4. Less: Net Federal
funds purchases or
sales (-) 2/

895

-918

2. Less: Carry-over
reserve deficiency
3*

5»

Equals: Net basic
reserve surplus or
deficit (-):
a.

In millions of
dollars
b. As per cent of
average required
reserves

11$

16%

Qlo

l/ Second half of reserve computation period. Figures in parentheses
are those for the full reserve period.
FEDERAL R r S T ' E Q A N K
2/ For details, see following table.
of 10'.?" •'
/
D E C 1 7 li-.Z

Research Lihrcr/ —

#

- . )




( 30)

76$ (30#)

• CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended. November 14, 1962
(All figures are daily averages, in millions)
Reserve city banks
45 reserve ti New York
37 banks
city banks City banks
outside NIC

lour
nonaeserre
city banks

1. Gross transactions:
0

#

#

1
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 (-)

1,989
1,071

1,168
656

821
415

10
87

918

512

U06

-77

63
86

39
7

24
79

-23

32

-55

792

534

258

1,260

673

587

10

365

129

236

87

895

5kk

351

-77

— «•

#

•

#

1

CVS

1

2. Total two-way trans3. 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 then 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 November 145 1962
(in millions of dollars)

L.6.2(b)
CONFIDENTIAL (PR)

Transactions with
banks 1/

Reporting
banks
and
date

Effective
rate
per cent)

Transactions

with Government
securities
dealers

Total transactions
Net
Net
Net
Two-way purchases sales of purchases
or
net
trading of net
sales
selling
buying
SZ
(-)
banks
banks

Borrowings
from
Reserve
Banks

Purchases

All respondents
Nov. 8
9
12
13
14
0 NYC Banks
Nov. 8
9
12
14
37 Reserve City
Banks Outside NYC
Nov. 8
9
12
13
14
4 Nonreserve City
Banks
Nov. 8
9
12
13
14

""V

Sales

Purchases

Sales

2,063
1,950
1,919
2,045
2.100

1,340
1,162
1,158
1,097
1.029

54
71
56
55
47

132
81
61
58

702
789
776
691
809

l,4i6
1,232
1,199
1,409
1.338

771
454
444
465
319

645
778
755
944
1.019

9
77
77
80
32

1,238
1,137
1,137
1,194
1.187

713
688
688
597
526

30
46
46
25
23

25
10
10

596
557
557
387
516

671
626
626
832
693

142
130
130
219
20

529
496
496
613
673

15
15

811
798
768
851
913

516
374
370
437
456

24
24
10
29
24

107
81
61
48
88

105"
232
219
304
292

730
591
559
576
645

518
224
213
182
251

212
367
346
394
394

9
47
47
65
22

14
14
14

110
100
100
63
46

14
14
14

110
100
100
63
46

-96
-86
-86
-63
-46

15
15
15

3
3
3
3
3

.

^ ww—— —

~

99

- -

——

"""""

O"

1f May Inci^A 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
Digitized forsecurities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total
FRASER
http://fraser.stlouisfed.org/
gros scales less jpo-way transactions eqp^Ls net salcyt of net seeing banks.
Federal Reserve Bank of St. Louis