The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
L.6.2 FEDERAL RESERVE 8Aof C0HFIDBHT3AI (PR) *»5 CITY, gp-r January 3, 1963 Resect library Table 1. Beserre Positions of Major Batiks Reserve Period Ended December 12, 1962 (All dollar figures are daily averages, in millions) Reserve city banks *5 reserve 8 New York 37 banks city banks City banks outside NXC 1. Reserve excess or deficiency (-) 51 38 22 19 3* Less: Borrowings from Reserve Banks 29 5 4. Lessi Net Pederal funds purchases or sales (-) 2/ 662 216 -662 -202 aonreeerve . 13 2. Less: Carry-over reserve deficiency Four olty banksl/ -- ( * ) 3 — (— ) 24 - ( - ) U6 -82 (-109) -46o 82 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves -8* -6$ -9* l/ Second half of reserve computation period. Figures in parentheses are those for the full reserve period. 2/ For details, see following table. *Less than $500,000. ( 109) 7ty ( 95$) fX,.6.2(a) CONFIDENTIAL (gR) Table 2. Federal Funds Activity of Major Banks For the Week Ended December 12, 1962 (All figures are daily averages, in millions) Reserve city banks 45 reserve 0 New York 37 banks city banks City banks outside NYC Four namceserre city tanks ' 1. Gross transactions: 1 1 a. With banks1: (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (l) Purchases (2) Sales (3) Net purchases or sales (-) 2. Total two-way transactions2 1,848 1,178 907 739 941 439 10 92 670 168 502 -82 78 86 52 4 26 82 -8 48 -56 985 662 321 el s 941 297 644 10 279 81 198 92 662 216 446 -82 *» 3. Total net transactions 1 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 vith 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 two# nay transactions equals net sales of net selling banks. — L.6.2(b) Table 3 Daily Federal Funds Activity of Major Banks Week Ended December IS, 1962 (in m m tons of dollars) C0RFIDEBT3AL (FR) Reporting banks and date All respondents Dec. 6 7 10 11 12 8 NYC Banks Dec. 6 7 10 11 12 37 Reserve City Banks Outside NXC Dec 6 7 10 11 12 4 Nonreserve City Banks Dec. 6 7 10 11 12 Transactions with banks 1/ Effective rate (per cent) Purchases 2-7/8 2-7/8 2-7/8 2-7/8 2-7/8 Sales Transactions with Government securities dealers Purchases Sales 1,192 1,092 927 1,060 1,059 6o4 474 491 523 428 588 618 436 537 631 10 10 10 kQ6 759 419 508 554 503 238 388 391 464 149 112 162 276 28 354 126 226 115 436 123 79 90 59 65 200 278 228 208 309 679 841 529 654 595 325 261 216 183 358 354 580 313 471 237 10 12 10 14 130 101 112 64 42 -120 - 89 -102 - 50 - 42 1,168 1,434 1,038 1,167 1,217 64 88 43 96 75 123 79 100 72 75 952 937 792 828 962 635 872 572 773 572 37 60 15 72 56 «==•«=• 852 1,092 730 838 884 403 460 354 332 602 27 27 27 24 19 10 12 10 14 130 101 112 62 42 ae * Net Net Net Two-way purchases sales of purchases net or trading of net sales buying selling 5/ (-) banks banks 687 1,038 648 716 863 1,815 2,042 1,532 1,680 1.846 «=»** *=»«=» Total transactions «=»«=» «•** «»«=• ==»«*» — 2 «•»«=» Borrowings from Reserve Banks 7 12 18 32 107 *»«*» «=»*=» 38 7 12 18 32 69 «»«• «=»*=> 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/ groqp sales les^ two-way transactions eyals net sajjps of net selling banks^ # # Federal Reserve Bank of St. Louis
