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l -F B A m /„ L.5.6 r ,: . 0a CONFIDENTIAL (FR) February 10, 1964 rff r> 4 • 1C"4 3 -nr* '*-ry - Table 1. Reserve Positions of Major Banks Reserve Period Ended January 29, 1964 (in dollar figures are daily averages, in millions) Reserve city tanks 37 banks 45 reserve 8 Mew York outside HXC City banks city banks Four noaaseserve. . city banks!/ 1. Reserve excess or deficiency (-) 6 8 -2 2. Less: Carry-over reserve deficiency 7 3 4 -- 3. Less: Borrowings from Reserve Banks 59 21 38 - - 4. Less: Net Federal funds purchases or sales (-) 2/ 252 125 127 ^33 -312 -l4l -171 32 -4 -4 -3 30 -1 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. 1.5.6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended January 29, 1964 (All figures are daily averages, in millions) Reserve city banks 37 banks 8 New York 45 reserve outside NIC city "banks City banks Fcrox non$eserve city banks )L. Gross transactions: I # a. With banks'*": (1) 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-wav transactions^ %. * 1,543 1,145 783 692 760 453 32 56 398 91 307 -24 60 206 60 26 180 9 -146 34 •180 •9 795 1*82 313 808 361 447 32 556 236 320 65 252 125 127 -33 Total net transactioni a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) % / 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. 1.5.6(b) Table 3 Dally Federal Funds Activity of Major Banks Week Ended January 29, 1964 (in millions of dollars) C0HFIDENT3AL (FR) Reporting banks and date All respondents Jan. 23 24 27 28 29 0 NYC Banks Jan. 23 24 27 28 29 37 Reserve City Banks Outside NXC Jan. 23 24 27 28 , .. .. 29 4 Nonreserve City Banks Jan. 23 24 27 28 2Q Transactions vith Government securities dealers Transactions with banks l/ Effective rate (per cent)Purchases Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying sales selling 5/ banks banks (-) V ^* I 4 Sales 1,367 1,479 1,747 1,815 1-660 896 1,071 1,501 1,490 1.105 91 65 27 57 52 280 236 228 165 126 592 695 946 796 886 866 849 829 1,077 827 582 610 782 858 545 284 239 47 219 282 597 645 830 758 720 91 65 27 57 52 40 20 35 25 25 417 420 526 513 586 365 396 302 392 157 219 245 339 269 158 146 151 -37 • 123 199 661 693 918 938 72% 1/2 1/2 1/2 1/2 1/2 Purchases 691 751 800 847 891 3 3 3 3 3 Sales 244 377 605 661 527 235 206 183 130 96 175 275 420 282 100 487 4l8 498 655 425 303 307 367 507 121 184 111 131 148 102 15 35 30 30 45 59 57 75 80 62 -44 -22 -45 -50 -17 15 35 30 30 ft;? tJ — — — — " - - 55 48 66 71 — w " - — — . — - 5 10 10 10 5 mm mm mm mm Borrowings from Reserve Banks 15 71 mm mm mm mm 181 «• » mm mm - mm mm 144 15 71 mm mm RQ mm mm mm mm mm mm mm mm JL/ May include modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies. ,mutual savings banks). %.! Each day's offsetting purchases and sales by the same bank. Note that gross purchases in the bank and Government Digitized for securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total FRASER http://fraser.stlouisfed.org/ gros£ sales less^two-way transactions equals net sa^s of net soling banksf • • • Federal Reserve Bank of St. Louis
