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CONFIDENTIAL (PR)
"

K A N S A S ';;/y
, re
: O 196<

December 30, 19&3

P
Table 1.
Reserve Positions of Major Banks
Reserve Period Ended December 18, 1963

(All dollar figures are daily averages, in millions)
Reserve city tanas
37 tanks
*5 reserve 8 Hew York
outside NYC
city tanks City banks
1. Reserve excess or
deficiency (-)

Four
aonseserve .
city banks*/

34

5

29

10

2. Less: Carry-over
reserve deficiency

8

3

5

—

3. Less: Borrowings
from Reserve Banks

117

9

108

15

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

696

419

277

^45

-787

-426

-361

4o

-9

-11

-7

38

5. Equals: Net basic
reserve surplus or
deficit (-):
a. In millions of
dollars
b. As per cent of
average required
reserves

l/ First half of reserve computation period.
2/ For details, see following table.




L'„5'6{a)
COHFIDEHTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
,
n
For the Week Ended December 18; 1963
(All figures are daily averages, in millions)
Reserve city banks
4-5 reserve 6 New York
37 banks
city banks City banks
outside NIC

Four
nonsesenre
city banks

1. Gross transactions:
a. With banks1:
(l) 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 transactions

1,997
1,267

982
587

1,015
680

21
59

730

395

335

-38

54
88

35
11

19
77

7

-34

24

-58

-7

1,013

553

460

—

1,038

464

574

21

342

45

297

66

696

419

277

-45

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.



L.5'6(b)

Table 3
Dally Federal Funds Activity of Major Banks
Week Ended. December 18, 1963
(in millions of dollars)

CONFIDENTIAL (PR)

Reporting
banks
and
date

Transactions with
banks l/
Effective
rate
(per csiTt)

Purchases

Sales

Transactions
with Government
securities
dealers
Purchases

Sales

Total transactions
Net
Net
Net
purchases
Two-way purchases sales of
net
or
trading of net
sales
buying
selling
3/
(-)
banks
banks

Borrowings
from
Reserve
Banks

All respondents
1,660
449
540
92
716
90
1,167
45
989
3 1/2
Dec. 12
88
130
1,170
2,054
637
3 1/2
65
949
533
1,395
13
422
100
574
1,546
199
996
3 1/2
875
553
3
16
61
801
1,406
605
1,154
1,629
131
3 1/2
2,523
37
17
823
1,202
81
100
1,132
177
1,431
309
3 1/2
2,235
18
ti NYC Banks
4o8
285
436
151
Dec. 12
15
819
25
545
44i
488
10
548
107
586
50
985
13
8
25
527
16
845
322
313
535
3
608
369
138
507
1,098
17
17
747
44
48i
437
37
18
30
50
1,158
727
743
37 Reserve City
Banks Outside NYC
205
92
20
308
826
538
Dec. 12
333
567
75
240
462
113
603
70
1,049
363
15
13
755
111
340
157
451
16
690
239
503
77
44
501
388
20
128
889
546
807
1,415
17
4n
123
601
190
50
1,026
51
475
615
18
4 Nonreserve City
Banks
54
15
-39
Dec. 12
15
55
-4l
20
61
17
8
20
54
13
-62
10
17
72
10
16
23
50
-66
10
17
76
10
74
17
3
50
-23
73
18
74
17
50
NOTE: Details may not add. to totals because of rounding.
l/ May -trifiwte 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
r securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total

gros^sales less ^wo-way transactions eq^ls net sal^s of net sealing banks,