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Im 5 «6 CONFIDENTIAL (FR) CORRECTED February 13, 1963 Please substitute this sheet for the Table I originally issued on February 1963 Table 1. Reserve Positions of Major Banks Reserve Period Ended January 23, 1963 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NYC e e 1. Reserve excess or deficiency (-) 39 17 22 2. Less: Carry-over reserve deficiency 12 8 4 Less: Borrowings from Reserve Banks 76 13 63 4. Less: Net Federal funds purchases or sales (-) 2/ 914 489 425 -80 ^"64) -963 -493 -470 75 ( 65) 11 13 9 65 ( 56) 3. # 5. # • Four nonreserve . city baaksjr/ ~ 5 ( 1) « « ^ na aa f («• 6 1 % <-"•» ^ 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. Federal RF-ZRVE b a n k cf ^' v -' FED • ~ Resent . GTY 1 KF3 Library - COMFIDEHTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Weak Boded January 23, 1963 (All figures are daily averages, in millions) Reserve city hanks 37 banks *5 reserve 8 Hew York outside HIC City banks city banks e lour monaeserve city banks 1. Gross transactions: e e a. With hanks*: (1) Purchases (2) Sales (3) let purchases or sales (-) b. With Government securities dealers: (1) Purchases (2) Sales (3) Het purchases or sales (-) • 2 . Total two-way transactions2 1,856 1,052 601 804 225 14 85 1,030 451 579 -71 81 197 61 23 20 174 9 -116 38 -154 -9 862 607 255 - - 1,075 506 569 14 161 17 144 94 914 489 425 -80 82.6 3. Total net transactions # e a. Het purchases of net buying hanks b. Het sales of net selling banks c . Het purchases or sales (-) l/ May modest amounts of transactions vith other then domestic commercial hanks (e.g., foreign hank agencies, mutual savings hanks). 2/ -week's offsetting purchases and sales "by the same hank. Hote that gross purchases ~ in the hank and Government securities dealer categories less two-vay transactions equals net purchases of net buying hanks. Similarly, total gross sales less twoway transactions equals net sales of net selling hanks. L.5.6(b) • * * Table 3 Dally Federal Funds Activity of Major Banks Week Ended January 23, 1963 (in millions of dollars) CONFIDENTIAL (PR) Reporting banks and date All respondents Jan. 17 18 21 22 23 0 NYC Banks J an« 1*7 18 21 22 23 37 Reserve City fianks Outside NYC Jan. 17 18 21 22 23 4 Nonreserve city Banks Jan. 17 18 21 22 23 Transactions with banks l/ Effective rate (per cent) Purchases 3 2 7/8 3 3 3 Transactions with Government securities dealers Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net sales buying selling 5/ (-) banks banks Sales Purchases Sales 1,996 2,081 1, 1,094 1,099 668 1,423 586 82 105 38 116 10 341 240 164 126 82 916 980 520 574 1,135 1,095 1,161 860 925 657 811 417 456 246 53 82 35 78 10 60 20 10 30 6iy 734 366 419 247 830 975 653 733 29 23 3 38 273 481 284 162 226 269 312 30 153 1,6o4 10 10 10 17 746 125 24 20 28 -•» «• — — — *• •» — — 211 145 88 73 8 9 9 8 8 4oo 1,163 1; 206 l, 342 1,145 1,032 569 442 829 519 688 519 359 312 298 268 644 847 1,030 847 764 98 471 96 60 67 »<•» 346 769 Borrowings from Reserve Banks 12 50 75 ?7'+ — •» 452 10 15 12 688 67 260 129 218 202 303 624 153 155 150 563 753 503 616 330 161 134 -131 - - -124 * 3 30 10 10 10 14 296 245 235 33 28 33 285 4l4 95 «*«. 40 60 307 •* -23 - - -1? """ -18 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 ~ FRASER securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total Digitized ~ for gross sales less two-way transactions equals net sales of net selling banks.
@FedFRASER