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& ' 3 L.5.6 > l-> d' COHFIDEHTIAL (YB.) January 13, 1964 $L£~. X TEtble 1. Reserve Positions of Major Banks Reserve Period Ended January 1, 1964* (All dollar figures are daily averages, in millions) Reserve city banks 37 banks 45 reserve 8 New York outside NYC city banks City banks 1. Reserve excess or deficiency (-) 2. Less: Carry-over 249 139 110 Four nonreserve . city banks*/ - 5 6 reserve deficiency 6 3- Less: Borrowings from Reserve Banks 341 61 280 14 k. Less: Net Federal funds purchases or sales (-) 2/ 672 426 246 -77 -770 -3^8 -422 58 -8 . -9 -8 53 - - - - 5- Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves l/ First half of reserve computation period. 2/ For details, see following table. * Due to Wednesday holiday, seme banks chose six- or eight-day "basis in computing their reserve requirements rather than seven-day period as presented in this table. ®L.5.6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended January 1, 1964 (All figures are daily averages, in millions) Reserve city beaks 37 tanks 45 reserve 8 New Yozk outside NIC city "banks City beaks lerer noxueeserve a W t banks 1. Gross transactions: ' a. With banks1: (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: Purchases Sales (3) Net purchases or sales (-) fr-a 2. TqWL • o a y y jaaasb a?ttw 10 779 378 727 712 386 79 401 326 .69 11 37 92 2.6 l 91 8 -55 25 -80 -8 6l4 316 298 914 18 *9 425 10 242 63 179 87 672 426 246 -77 Total net transactions a. Net purchases of net buying beaks b. Net sales of net selling banks c. Net purchases or sales (-) l/ May include modest amounts of transactions with other them 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 two* way transactions equals net sales of net selling banks. Table 3 Daily Federal Funds Activity of Major Banks Week Ended January 1, 1964 (in M-nnrmw of dollars) L.5.6(b) CQHFIDBHTIAL (FR) Reporting banks and date All respondents Dec. 26 27 30 31 Jan. 1 0 NTC Banks" Dec. 2T 27 30 31 1 37 Reserve City Banks Outside NYC Dec 26 27 30 31 Jan. 1 4 Nonreserve City Banks Dec. 26 27 30 31 Jan. Effective rate per cent) 3 3 3 3 3 1/2 1/2 1/2 lA lA Transactions with banks l/ Transactions with Government securities dealers Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net sales buying selling S/ (-) banks banks Borrowings from Reserve Banks Sales Purchases Sales 1,557 1,7%8 2,154 777 777 901 917 1,341 454 454 61 55 30 151 92 97 93 93 522 617 746 265 265 1,096 1,187 1,438 512 512 529 391 691 281 281 567 796 747 231 231 4l4 507 552 833 912 1,179 352 352 456 44i 292 287 287 4i 40 20 10 299 346 285 177 177 575 606 914 176 176 157 94 16 109 109 4l8 512 898 67 67 125 25 225 331 381 936 147 147 20 15 223 271 46l 88 521 580 524 301 301 258 181 561 151 151 263 399 -37 150 150 272 461 306 Purchases 724 836 975 389 J82. 10 151 72 87 93 93 88 17 -113 113 114 21 -114 114 20 95 21 -112 112 113 16 19 35 20 35 16 19 35 I 35 I 20 Is may not add to totals because of rotrnding. l/ May 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 7 securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total * http://fraser.stlouisfed.org/sales ley two-way -t^pnsactions £qrals net ^les of net gelling bari^. grys ^ Federal Reserve Bank of St. Louis
