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L.5.6 * CONFIDENTIAL (PR) FEDERAL RESERVE B A ? m Table 1. 'c Positions of Major Banks of ^ ^ Reserve Period Ended February 13, 1963 4 1#% dollar, fit jj. are daily averages, in millions) rr; Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NYC 1. Reserve excess or deficiency (-) 2. less: Carry-over reserve deficiency 28 21 - - 7 - - 3. less: Borrowings from Reserve Banks 81 4 4. Less: Net Federal funds purchases or sales (-) 2/ 771 5h2 77 229 Four noareserve city banks!/ -12 - - 1 -64 5» Equals: Net basic reserve surplus or deficit (-): a. in millions of dollars b. As per cent of average required reserves -824 -525 -299 51 -9 -15 -5 46 l/ First half of reserve computation period. 2/ For details, see following table. $ L. 5 '6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended February 13, 1963 (All figures are daily averages, in millions) Reserve city banks 45 reserve ti New Toifc 37 hanks city banks City banks outside NYC lour nonxeserve city banks 1. Gross transactions: a. With banks1: (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-way transma2 actjpqs' 1,713 922 962 477 751 445 16 78 791 485 306 -62 63 83 63 6 77 2 -20 57 -77 -2 723 483 240 1,053 542 511 16 282 80 229 -64 Total net transactions ~ a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) # 282 771 - — 542 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. I # TtiSe 3 # Dally Federal funds Activity of Major Banks Week Ended February 13, 1963 (in millions of dollars) L. 5.6(b) e CONFIDENTIAL (FR) Reporting banks and date Effective rate 7 8 11 12 -il 0 NYC Banks Feb. 7 8 11 12 M. 37 Reserve City Banks Outside NYC Feb. 7 8 11 12 11 4 Nonreserve City" Banks Feb. 7 Transactions with Government securities dealers (per cent) Purchases All respondents Feb. Transactions with banks l/ 3 3 3 3 _L 1,622 1,7^1 1,591 1,559 2,103 888 971 851 851 lEIL 718 Sales 926 959 907 941 3-365 512 494 333 333 iZ2_ 754 724 344 375 487 860 643 691 521 Purchases Sales 25 87 82 82 82 122 13 13 Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying sales selling n (-) banks banks 678 672 568 630 969 1,191 1,036 942 335 369 421 393 634 822 615 549 _1L 98 989 jam. JE1 666 25 122 13 13 -il 15 510 494 17 386 5 5 338 338 654 403 599 J2L 40 JZL 550 576 493 399 525 234 279 334 316 297 159 93 !L 58 82 77 77 83 167 178 230 292 33L 526 526 599 306 391 526 526 221 Borrowings from Reserve Banks 13 115 73 62 80 15 15 13 115 58 47 70 16 14 16 -68 84 70 16 16 89 89 -73 16 11 16 87 87 -71 16 12 16 87 87 -71 16 42 13 16 42 -26 10 NOTE: Details may not add to totals because of rounding. l/ May include modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies, mutual savings banks). 2/ Each 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. http://fraser.stlouisfed.org/ 8 Federal Reserve Bank of St. Louis
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