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L.5.6

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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
*

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Federal Reserve Bank of St. Louis