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C0HFH3EHTIAL (PR)
f

£; ,

January 21, 1963

wfif
Reserve Positions (pf Major Banks
Reserve Period, Ended January! 9^31963
(All dollar figures are daily averages, ]# ^millions)

65

37

28

4

2. Less: Carry-over
reserve deficiency

l

— —

1

3. less: Borrowings
from Reserve Banks

17

*• —

17

8

4. Less: Met Federal
funds purchases or
sales (-) 2/

1,178

7§5

413

I1
IP

1. Reserve excess or
deficiency (-)

Four
aoareserve, .
city banks*/

-728

-403

57

—

( 5)
( —)
( 10)

8
P

Reserve city banks
45 reserve 8 Hew York
37 banks
city banks City banks
outside NYC

5. Equals: Net basic
reserve surplus or
deficit (-):
a. In millions of
dollars
-1,131
b. As per cent of
average required
-1256
reserves

-19#

-7$

l/ Second half of reserve computation period. Figures in parentheses
are those for the full reserve period.
2/ For details, see following table.




( 56)

49% ( W )

>
L.5.6(a)
CONFIDEHTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended January 9, 1963
(All figures are daily averages, in millions)
Reserve city banks
45 reserve ti New York
37 banks
city banks City banks
outside NIC

lour
non*esftrre
city banks

1. Gross transactions:

2.

.tRs-mr tstasr
agt&9qaZ

1,144
46o

862
274

43

1,272

684

588

-28

101
20

70
245

33

1

b. With Government
securities dealers:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)

2,006
734

rH OJ

a. With banks1:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)

81

-175

-33

775

424

351

""""

1,402

821

581

15

224

56

168

76

1,178

765

413

-61

3* Total net transactions
a. Net purchases of
net buying banks
b. Net sales of net
selling banks
c . 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/ Bach 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.



»
•
»ft=3
*
Daily Federal Funds Activity of Major Banks
Week Ended January 9, 1963
(in millions of dollars)

L.5.6(b)
CONFIDENTIAL (FR)

\

Reporting
banks
and
date

All respondents
Jan. 3
4
7
8
9
0 NYC Banks
Jan. 3
4
7
8
9
37 Reserve City
Banks Outside NYC
Jan. 3
4
7
8
9
4 Nonreserve City
Banks
Jan. 3
4
7
8
9

Transactions with
hanks l/
Effective
rate
[per cent)

2 7/8
3
3 ,
2 1/2
2

Purchases

Sales

Transactions
with Government
securities
dealers
Purchases

Sales

Total transactions
Net
Net
Net
Two-way purchases sales of purchases
net
or
trading of net
sales
buying
selling
2/
(-)
banks
banks

1,980
2, l4l
1,999
1,766
1,953

711
796
715
676

9b8

203
236
io4
94
84

328
331
266
275
220

656
739
660
716
705

1,527
1,637
1,443
1,143
1,332

382
387
320
235
463

1,145
1,250
1,123
908
869

1,153
1,203
1,162
95%
1,120

327
482
350
437
658

105
167
36
26
38

40
20
15
21

353
422
334
412
535

904
948
864
567
622

13
80
30
24
144

891
868
834
543
478

813
924
822
797
818

288
273
354
209
243

98
68
68
68
46

278
265
216
244
179

303
317
326
304
170

608
675
565
561
694

263
222
244
150
252

345
453
321
4ll
442

14
l4
14
14
1?

96
40
10
30
46

14
l4
l4
14
15

106
85
45
61
66

-92
-71
-31
-47
-51

- «w mm

— —
— —

—

— —

10
45
35
31
20

•» •»

— —

— —
- —

- -

Borrowings
from
Reserve
Banks

— —

48
*» w

20
15
— —
mm mm
mm mm
mm mm
mm mm

mm

40
— —•
— —

— —

mm mm

8
— —

20
15

l/ May include modest amounts of transactions with other than domestic commercial hanks (e.g., foreign hank agencies,
mutual savings hanks).
2/ Each day's offsetting purchases and sales hy the same hank. 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
Digitized^ FRASER
for
http://fraser.stlouisfed.org/ sales less two-way transactions equals net sales of net selling hanks.
gross
Federal Reserve Bank of St. Louis