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tL.5.6 February 17, 1964 ' CONFIDENTIAL (FR) tp« :'R of 0 ' " 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 *« A C a O - "= -89
