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J L.5.6 February 3, 1964 'M S A v . rill iO I S . -i Table 1. A t , ,f Reserve Positions of Major Banks kci^O-fCh, UbraS&sB'fte Period Ended January 22, 1964 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NYC # • # # -1 3 2. Less; Carry-over reserve deficiency -4 -18 ( 1) - " -- ( --) ( 3. Less: Borrowings from Reserve Banks lb 15 59 - 4. Less: Net Federal ftmds purchases or sales (-) 2/ 726 630 96 -158 -801 -642 -159 -9 -18 -3 2) (-133) 5. 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 the following table. I 1 $ 1. Reserve excess or deficiency (-) Four nonreserve . city banks^/ 115 ( 97) L.5«6(a) %OMFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks .. For the Week Ended January 22, 1964 (All figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NYC Four nonreserre city banks 1. Gross transactions: 1 1 a. With banks*1-: (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 transactions2 1,913 894 1,061 466 852 428 116 1,019 595 424 -116 59 352 59 24 328 42 -293 35 -328 -42 926 466 460 -- 1,046 654 392 320 24 296 158 726 630 96 -158 ^3. Total net transactions I a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) qL/ 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. Table 3 Daily Federal Funds Activity of Major Banks Week Ended January 22, 1964 (in millions of dollars) 1.5.6(b) CONFIDENTIAL (FR) Reporting banks and date Transactions with banks l/ Effective rate (per cent) Purchases Sales Transactions with Government securities dealers Purchases Sales Total transactions Net Net Net purchases sales of Two-way purchases or net trading of net sales selling buying 5/ (-) banks banks Borrowings from Reserve Banks All respondents 602 94 532 486 1,134 28 772 890 1,878 Jan. 16 3 1/2 1,224 693 75 698 531 832 1,852 70 399 3 1/2 17 401 1,208 866 807 460 2,022 1,215 52 20 3 1/2 427 726 68 902 1,153 351 1,277 21 1,987 3 1/4 196 426 543 969 269 1,037 1,195 3 1/2 1,949 22 57 ti NYC Banks 635 674 28 441 437 39 1,083 35 Jan. 16 784 820 36 10 366 339 70 1,089 17 160 582 . 742 434 560 1,125 35 20 52 627 68 20 94 489 533 1,048 564 21 105 311 621 342 31 50 603 906 22 57 37 Reserve City Banks Outside NYC 94 185 460 275 221 336 391 Jan. 16 795 404 75 345 59 334 359 371 763 17 -22 487 465 432 — — 380 540 898 20 30 413 495 525 311 598 21 939 91 306 321 627 2l4 415 524 1,043 22 4 Nonreserve City Banks -287 - 287 60 228 Jan. l6 -148 148 54 95 17 -159 159 45 115 20 -134 20 134 115 21 -72 72 68 5 22 NOTE: __ w 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 http://fraser.stlouisfed.org/ gro@p sales les@ two-way transactions qgpals net sa^es of net qglling bank^ # # # Federal Reserve Bank of St. Louis — -
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