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1.6.2 COHFIDENTIAL (FR) FErnl January 9; 1963* §•: U l S (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NIC 1. Reserve excess or deficiency (-) S - 67 45 22 2. less: Carry-over reserve deficiency 1 3. less: Borrowings from Reserve Banks 160 126 34 4. Less: Net Federal funds purchases or sales (-) 2/ 926 726 200 -1,020 -807 -213 5. Four nonreserve . city banksj/ 6 ( 4 ) (— ) 1 20 (13 ) -51 (-69 ) Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves -11# -21# l/ Second half of reserve computation period. are those for the full reserve period. 2/ For details, see following table. -4# Figures in parentheses 43 ( 60 ) 38# ( 53#) 1.6.2(a) ^CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended December 26, 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 noneeserve city banks 1. Gross transactions: * p a. With banks*: (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (1) Purchases (2) Sales (3) Net purchases or sales (-) 2. Total two-vav transactions2 1,865 7 66 1,075 390 790 376 9 62 1,099 685 klk -53 263 90 66 25 2k 238 k -173 4i -2lk -k 695 tL5 280 1,260 726 534 9 334 66 200 -57 3* Total net transp actions | a. Net purchases of net buying banks b. Net sales of net selling banks c . Net purchases or sales (-) 334 926 726 i/ include modest amounts of transactions with other than domestic commercial # . banks (e.g., foreign bank agencies, mutual savings banks). 3 / 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.6.2(b) Table 3 Dally Federal Funds Activity of Major Banks Week Ended December 26, 1962 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents Dec. 20 21 24 25 26 0 NYC Banks Dec. 20 21 24 25 26 37 Reserve City Banks Outside NYC Dec 0 20 21 24 25 26 4 Nonreserve City Banks Dec. 20 21 24 25 26 Effective rate Transactions with banks 1J Transactions with Government securities dealers (per cent) Purchases 3 3 3 3 3 Sales Purchases Sales Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying selling sales 2/ (-) banks banks Borrowings from Reserve Banks 1,987 1,920 1,552 1,552 2,267 879 828 584 584 1,278 75 108 83 83 62 365 259 240 240 242 738 613 420 420 897 1,324 1,415 1,215 1,215 1,432 505 474 4o4 4o4 624 819 941 811 811 808 20 137 386 386 56 1,215 1,098 902 902 1,210 507 388 216 216 630 51 84 59 59 38 50 20 21 21 20 517 408 197 197 545 749 774 765 765 703 39 40 40 105 710 774 725 725 598 100 292 292 771 812 635 635 1,049 296 369 313 313 603 24 24 24 24 24 305 233 219 219 222 221 205 223 223 352 574 631 436 436 721 380 397 309 309 474 194 234 127 127 247 10 14 14 75 71 55 55 44 • •I . 10 6 10 14 14 7 85 -85 77 -67 -41 -4l 55 55 44 -37 17 74 74 36 20 20 20 20 20 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 gross sales less two-way transactions equals net sales of net selling banks. http://fraser.stlouisfed.org/ • • • ;e e * # A Federal Reserve e Bank of St. Louis
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