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January 20, 1964 L-5-6 COHFIDEKriAL (FR) Table 1. Reserve Positions of Major Banks Reserve Period Ended January 8, 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 reserve deficiency ™ " - ( l) ( --) 188 940 673 267 -1,162 -717 -445 -12 -18 -8 & 15 ( 15) 4o & less: Net Federal funds purchases or sales (-) 2 / 6 10 CO l— 4. -4 O 00 3. less: Borrowings from Reserve Banks 6 Four nonreserve . city banksjr/ 228 -89 (-83) 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves 1/ Second half of reserve computation period. are those for the full reserve period. 2/ For details, see the following table. Figures in parentheses 1.5.6(a) • CONFIDENTIAL (FR) I Table 2. Federal Funds Activity of Major Banks For the Week Ended January 8, 1964 (All figures are daily averages, in millions) Reserve city banks 45 reserve ti New York 37 banks city banks City banks outside NYC Four nonseserve city banks 1. Gross transactions: a. With banks1: (1) Purchases (2) Sales (3) Net purchases or sales (-) b. 2. With Government securities dealers: (l) Purchases (2) Sales (3; Bet purchases or sales (-) Total two-way transactions^- !: i 3- Total net transactions a» b. Met purchases of net buying banks Net sales of net selling banks c. Net purchases or sales (-) 870 1,063 423 84l 447 8 56 1,034 640 394 -48 56 150 4l 15 142 -94 33 -127 -4l 720 355 365 3 1,240 749 491 5 300 76 224 94 940 673 267 1,904 8 mm mm 4i j $ -89 0 l/ May include modest amounts of transactions with other tten 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. L.#.6(t>) • # Table 3 # # Dally Federal Funds Activity of Major Banks Week Ended January 8, 1964 (in millions of dollars) # CONFIDENTIAL (FR) Reporting banks and date Transactions with banks 1/ Effective rate ( per cent] 2 3 6 7 3 1/2 3 1/2 3 1/2 Purchases Sales 1,647 1,196 70 50 87 44 34 208 179 181 247 164 813 15 34 20 339 1,671 722 998 1,096 1,025 Jan. 2 3 6 7 8 871 973 1,194 1,268 1,190 ?4l 387 317 392 347 Jan. 2 3 747 699 905 1,131 1.012 366 288 624 30 89 8 0 NYC Banks 37 Reserve City Banks Outside NYC 6 7 8 4 Nonreserve City Banks Jan. 2 3 6 _ 7 a. 3 1/2 Net Net Net Two-way purchases sales of purchases net or trading of net sales buying selling i/ (-) banks banks Sales 2,119 2,398 2,211 3 1/2 Total transactions Purchases All respondents Jan. Transactions with Government securities dealers 00 20 612 661 47 69 43 9 87 2 00 44 34 10 20 55 158 127 136 202 119 16 oo» 0 09 «=»«= CBO 0 " « 30 50 45 35 25 593 $4o 607 787 281 317 402 810 1,181 360 1,599 " 571 1,656 556 1,432 374 315 821 1,028 1,100 421 107 126 619 1,125 547 726 964 <=>«=> 910 857 254 259 290 385 437 547 269 615 155 457 <=»» 745 575 478 =• «=» 30 «=»«=» «=>«=» 118 96 113 77 69 - ° a oca 9 20 00 coo 964 910 367 455 1,058 304 Borrowings from Reserve Banks 359 305 173 42 214 «=> 0 «="=* l4o «=»<= 857 143 278 338 284 300 158 267 271 12 42 71 -88 21 -93 -77 21 =96 21 00 -69 1/ 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 gross sales less two-way transactions equals net sales of net selling banks.
@FedFRASER