The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1.6.2 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 14 2 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 sales l^gs two-way •^ansactions^quals net yJ.es of net^pelling banjgs.
@FedFRASER