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tL.5.6

February 17, 1964

' CONFIDENTIAL (FR)
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Table 1.
' ' 1 Reserve Positions of Major Banks
i i Reserve Period Ended February 5, 1964
• Res^""n "
(All d o l l a r f i g u r e s a r e d a i l y averages, i n m i l l i o n s )
f!:3

Reserve c i t y banks
45 reserve
9 New York
37 banks
c i t y banks C i t y banks
outside NYC
1.

Reserve excess or
deficiency ( - )

Four
nonreserve .
c i t y banks!/

43

10

33

l e s s : Carry-over
reserve d e f i c i e n c y

2

——

2

( —)

3.

Less: Borrowings
from Reserve Banks

112

24

88

( --)

4.

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

318

278

4o

-58

(-46)

-389

-292

-97

61

( 4?)

-4

-8

-2

56

( 48)

2.

5.

(

1)

Equals: Net b a s i c
reserve surplus or
deficit (-):
a.
b.

2/

3

In m i l l i o n s of
dollars
As per cent of
average required
reserves

Second half of reserve computation period.
are those for the f u l l reserve period.
For d e t a i l s , see the following table.




Figures in parentheses

i. 5 . 6 ( a )
• CONFIDENTIAL (FR)

Table 2 .
Federal Funds A c t i v i t y
of Major Banks
For the Week Ended February 5> 1964
(All f i g u r e s are d a i l y averages, i n millions)
Reserve c i t y banks
45 reserve
0 New York
37 banks
c i t y banks City banks
outside NIC
1.

Gross transactions:
a.

b.

2.
3•

Four
nonjeesenre
c i t y banks

With banks 1 :
( l ) Purchases
(2) Sales
(3) Net purchases or
sales ( - )
With Government
s e c u r i t i e s dealers:
( l ) Purchases
(2) Sales
(3) Net purchases or
sales ( - )

Total two-way t r a n s a c t ions 2

1,759

693

837
565

18

1,258

501

229

272

-54

60

60

243

922

——

72

——

11

232

4

-183

49

-232

-4

1,024

607

417

795

375

420

18

477

97

380

76

318

278

4o

-58

— —

Total net t r a n s actions
a.
b.
c.

Net purchases of
net buying banks
Net sales of net
s e l l i n g banks
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 o f f s e t t i n g purchases and sales by the same bank. Note t h a t gross purchases
in the bank and Government s e c u r i t i e s dealer categories l e s s two-way transactions
equals net purchases of net buying banks. Similarly, t o t a l gross sales l e s s twoway transactions equals net sales of n e t s e l l i n g banks.



L.5.6(b)

Table 3
Daily Federal Funds A c t i v i t y of Major Banks
Week Ended February 5, 1964
( i n millions of dollars)

CONFIDENTIAL (FR)

Reporting
banks
and
date
A l l respondents
Jan. 30
31
Feb. 3
4
5
0 NYC Banks
Jan. 30
31
Feb. 3
4
5
37 Reserve C i t y
Banks Outside NYC
Jan. 30
31
Feb. 3
4
5
4 Nonreserve C i t y
Banks
Jan. 30
31
Feb. 3
4
5

Effective
rate

Transactions with
banks l /

(per cent, Purchases

3 1/2
3 1/2

3 1/2
3 1/2
3 1/2

Transactions
with Government
securities
dealers

Sales

Purchases

Sales

1,652
1,752
1,987
2,o46

1,350
1,313
1,246
1,444
1,333

25
62

254
344

769

759

1,696

908

702
613
780

887
988
1,089

590

897
714

529
544
573
570
653

860

999
957

67

46
93
25
62
67
46
93
*= —5

«, <•

62

— c-

67

30
30
5

<=• —

59
94
90

- -

=-

— —

221
143

82
20
10

10
10
10

228
331
201
133
72
6
4
10
— ==

Total transactions
Net
Net
Net
Two-way purchases sales of purchases
net
t r a d i n g of net
or
buying s e l l i n g
sales
i/
(-)
banks
banks
832
906
881
1,062
1,029

808
938
971
1,109

46o
548
504
646
600
372
359
377
4l6
430

— —
0

—

cm «o

—

771
750
585
523
385

118
58
353
448
724

334
422
449
388
582

318

16

525
356
483
583
527

384
515
397
286
295

l4l
-159
86
297

30
30
5

67

Borrowings
from
Reserve
Banks

-37
-4o

889

163

118
143

70
68
93
89

259
331
245
582

232

**

172
— *=
=

269

•*>
mm •*.
«» •»

166
a*

172
e> —
=
™ —

103

-63

-93

—

— 1
4/
"
^
l / May include modest amounts of t r a n s a c t i o n s with other than domestic commercial banks ( e . g . , f o r e i g n bank agencies,
mutual savings banks).
2 / Each day's o f f s e t t i n g purchases and s a l e s by the same bank. Note t h a t gross purchases in the bank and Government
s e c u r i t i e s dealer categories l e s s two-way t r a n s a c t i o n s equals net purchases of net buying banks. Similarly, t o t a l

gross^ale
^
http://fraser.stlouisfed.org/ s l e s s two-way t r a n s a c t i o n s equals net sale^ of n e t s e e i n g banks. ^
Federal Reserve Bank of St. Louis

k A A *«

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