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162
..
COHFIDENTIAL (PR)

o&
10 ^ - 2

December 6, 1962

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended October 10, 1962

,rrh L'te£Vf/dollar figures axe daily averages, in millions)
Reserve city banks
37 banks
8 New York
45 reserve
outside NYC
city banks City banks
1. Reserve excess or
deficiency (-)
2. Less: Carry-over
reserve deficiency

25
2

•

14
2

3. Less: Borrowings
from Reserve Banks

13

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

536

11

—

w

- —

13

— —

282

Four
nanzeserve .
city banksJ:/

5

254

5. Equals: Net basic
reserve surplus or
deficit (-):
-2=6

6$>

'

-

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




54

O

s

-526
CD

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

-

%

47#

1.6.2(a)
COKFIDEHTIAL (FB)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended October 10, 1962
(All figures are daily averages, in millions)
Reserve city banks
*5 reserve ti New York
37 hanks
city banks City banks
outside NIC

Four
nonseserve
city banks

1. Gross transactions:
a. With banks1:
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)
b. With Government
securities dealers:
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)
2. Total two-way transactions2

1,666
1,077

868
635

798
442

19
78

589

233

356

-59

67
1.20

66
17

1
103

-53

49

-102

689

444

245

1, 044

490

554

19

508

208

300

78

536

282

254

-59

4M am
am

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 two,
way transactions equals net sales of net selling banks.



Table 3
Dally Federal Funds Activity of Major Banks
Week Ended October 10, 1962
(in millions of dollars)

1.6.2(b)
CONFIDENTIAL (FR)

Reporting
banks
and
date

All respondents
Oct. 4
5
8
9
10
0 NYC Banks
Oct. 4

5

8
9

10

37 Reserve City
Banks Outside NYC
Oct. 4

5
8

Transactions with
banks 1/
Effective
rate
(per cent)
Purchases

3
2 3/4
3
3
2 3/4

1,654
1,745
1,64?
1,617
1,643

1,114

1,000
867
848
818
807

601
708

64o
853

785

9

784

4 Nonreserve City
Banks
Oct. 4

14

10

5

8
9
10

Sales

817

25

14
14
19

1,212
1,037
1,077
1,230

544

507
669

373
460
4oi
463
476
l4o
44
92
107

Transactions
with Government
securities
dealers
Purchases

Sales

55
89

238
89
LL2
105
114

71

50
24
55
89
62

50
24
— —

- -

9
—w

w

•
"

4o
—

w

22

25

Total transactions
Net
Net
Net
Two-way purchases sales of purchases
net
or
trading of net
sales
buying
selling
5/
(-)
banks
banks
646
702
576
610
675
470

44o
455
420

1,063
1,132

1,143

1,057
992
584
517
454

4J»6

30

385

446

198
89
90
80

175

464
590

84

262
120
190

289

——

«W w

— —

— —

mm w

•> —

«• —

W —

— —
— —

674
594

527
14
25
14

706
599
573
572
670

357
533
570
485
322

170
268
110
111

4l4
249
344
337

314

395

287
370
354

271

l4o
44
92
107
85

132
69

303
304
240
256

-126
-19
- 78

- 93

Borrowings
from
Reserve
Banks

11
25
30
38
< » WV
*
•> W
*

<.«
*«
*•
— —

wm w
«* w
•

25
30
33

11
— —

- 66
- 85
5
19
—' — v —— - ™ - —
—~
O"
1/ 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

gjpss
http://fraser.stlouisfed.org/ sales l^gs two-way •^ansactions^quals net yJ.es of net^pelling banjgs.
Federal Reserve Bank of St. Louis