The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1.6.2 • CQHOFUMSHHAL (PR) December 31* 19&2 Table 1. Reserve Positions of Major Banks Reserve Period Ended December 5, 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 # • s # # 1. Reserve excess or deficiency (-) - 21 - 19 - 2 Four ncmeserve . city banksi/ 1 2. Less: Carry-over reserve deficiency 1 «•» •» 1 3. Less: Borrowings from Reserve Banks 25 11 14 4. Less: Net Federal funds purchases or sales (-) 2/ 570 347 223 -136 -617 -377 ~2h0 137 -» — — •» 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves -7% -11# l/ First half of reserve computation period. 2/ For details, see following table. FEDERAL RESERVE BA. : of 1CAKS 5 CITY JAN 1 0 1963 «*» Research Library ^ -% 116# CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended. December 5, 1962 (All figures are daily averages, in millions) Reserve city banks 37 banks 45 reserve 6 New Yoxk outside NYC city banks City banks Four nonxesemre city banks 1. Gross transactions: 2. Total two-way transactions2 896 587 694 4o6 136 597 309 288 -136 45 7 30 95 &3 b. With Government securities dealers: (1) Purchases (2) Sales (3) Set purchases or sales (-) 1,590 993 MH a. With banks1: (1) Purchases (2) Sales (3) Net purchases or sales (-) 38 -65 774 507 267 891 434 457 321 87 234 136 570 347 223 -136 «•<- 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) l/ "™ 2/ - May modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies, mutual savings banks). Each "week's offsetting purchases and sales by the same bank. Note that gross purchases in the and Government securities dealer categories less tvo-vay 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 December 5, 1962 (Xn millions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents Nov. 29 30 Dec. 3 4 5 0 NYC Banks Nov. 29 30 Dec. 3 4 5 37 Reserve City Banks Outside NYC Nov. 2$ 30 Dec. 3 4 5 4 Nanreserve City Banks Nov. 29 30 Dec. 3 4 5 Effective rate (per cent] 2 2 2 2 2 3/4 7/8 7/8 3/4 1/2 Transactions with banks 1/ Transactions with Government securities dealers Purchases Sales Purchases 1,575 1,511 1,659 1,615 1,745 1,068 1,042 1,134 1,218 1,353 74 88 922 930 610 478 84l 776 938 654 581 721 774 969 ->«=» «•» am — — — — — Sales Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net sales buying selling 5/ (-) banks banks 143 112 83 50 103 928 35 4 4o8 521 704 839 45 63 43 15 22 317 4l8 453 420 399 29 25 37 37 37 l4l 147 161 93 116 80 52 58 912 954 1,057 941 875 474 509 535 542 528 438 445 522 399 347 84 543 564 405 585 530 313 234 321 511 460 152 -4l 108 108 83 50 176 237 231 103 184 365 507 369 527 641 — — " 737 645 682 726 561 451 627 — «•» — •*» <•> °— W <*» as am — -» •m mm mm a mm mm — a. mm mm «= *• — — " a. 74 70 161 275 249 289 305 286 137 258 80 l4i -l4l -147 147 161 93 116 222 341 504 -161 -93 -116 Borrowings from Reserve Banks — — 10 28 15 99 cm CD <-» » OB «*» 75 « — 10 28 15 24 am am «*• <*• ® <*• cm «"» NOTE: l/ May Include modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies, — mutual savings banks). 2/ Bach 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 sales less two-way transactions equals net sales of net selling banks. gro&s
@FedFRASER