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#

ULv i d

CONFIDENTIAL (FR)

:

December 9# 19&3

- P.e$earch library
Table 1.
Reserve Positions of Major Banks
Reserve Period Ended November 27, 1963

#

(All dollar figures are 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 (-)

Four
nonreserve .
city banks!/

•
•

+

19

9

- 5

(

1)

Less: Carry-over
reserve deficiency

4

2

2

- -

(

«)

3.

#

28

Less: Borrowings
from Reserve Banks

61

3

58

8

(

7)

4.

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

409

166

243

-99

-446

-152

-294

86

(

95)

-5

-4

-6

71

(

80)

2.

(-101)

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

l/ Second half of reserve computation period. Figures in parentheses
are those for the full reserve period.
2/ For details, see following table.




1.5.6(a)
# lOKFIDEHTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Weak Ended. November 27, 1963
(All figures are dally averages, In millions)
Reserve city banks
45 reserve
ti New York
37 banks
City banks
outside NYC
city banks
1.

Four
nonseserve
city batiks

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. l o M "tfWS-vay transactions2

2, (AO
1,596

898
750

1,142
846

4
92

444

148

296

-88

27
62

27
9

-35

— -

- -

53

11

18

-53

-11

1,169

659

510

3

898

266

632

1

489

100

389

100

409

166

243

-99

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/ 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.




•
•
Tab# 3
#
Dally Federal Funds Activity of Major Banks
Week Ended November 27, 1963
(in millions of dollars)

••L.5.6(T>) S
CONFIDENTIAL (FR)

Reporting
banks
and
date

Effective
rate
(per cent)Purchases

1/2
1/2
1/2
1/2
1/2

Sales

Purchases

Sales

2,146
1,970
1,871
2,248
2,139

1,644
1,647
1,586
1,853
1,793

18
33
33

154

38

19

954
849
849
980
958

843
659
659
857
913

18
33
33

1,192
1,120
1,021
1,238
1,181

691
894
833
911
806

38

%

85
75

30
24
10

u

109
"

17
9

110
30

%
57

- -

15
12
12
16

Total transactions
Net
Net
Net
Two-way purchases sales of purchases
or
net
trading of net
sales
buying
selling
2/
(-)
banks
banks

Borrowings
from
Reserve
Banks

1,016
1,034
920
1,071
1,077

650
746
677
732
711

366
288
243
339
366

9
22
37
105
265

784
533
533
652
693

188
349
349
328
304

88
125
125
228
229

100
224
224
100
75

22

364
436
450
525
407

828
685
571
713
774

435
514
446
402
4o6

393
171
125
311
368

15
30
94
237

124
105
105
100
74

-124
-105
-105

H H

3
3
3
3
3

Transactions
with Government
securities
dealers

H

All respondents
Nov, 21
22
25
26
27
ti NYC Banks
Nov. 21
22
25
26
27
37 Reserve City
Banks Outside NYC
Nov. 21
22
25
26
27
4 Nonreserve City
Banks
Nov. 21
22
25
26
27

Transactions with
banks 1/

- -

30

-74

9
7
7
11
6

l/ ||ay
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

gross sales less two-way transactions equals net sales of net selling "banks.
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