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- FEDERAL " S ^ R V E B A N K '3' of K A » v S CITY PayJLUENTIAL (FR) tr I: July lb, 196k -"I 1 0^4 :h Lib retry -=* Table 1. Reserve Positions of Major Banks Reserve Period Ended July 1, 1964 (All dollar figures are daily averages, in millions) Reserve city banks 8 New York 37 banks 45 reserve outside NYC city banks City banks # 1. Reserve excess or deficiency (-) • • • # 28 25 3 - 1 Four BCpareserve . city banks.!/ 1 2. less; Carry-over reserve deficiency 1 3. Less: Borrowings from Reserve Banks 56 10 46 Less: Net Federal funds purchases or sales (-) 2/ 259 283 -2k -115 -288 -268 -20 116 -3 -7 k. - • 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves 1/ First half of reserve computation period» 2/ For details, see following table. 102 I 5.6(a) ^(jjglDEMTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week laded July 1, 1964 (All figures are daily averages, in millions) 1. Gross transactions: # 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-way transactions2 Reserve city banks 45 reserve 8 New York 37 banks city "banks City banks outside NYC Four noneesfcrre city banks 1.9 685 936 7%9 640 26 137 3 66 257 109 -111 35 142 35 9 133 4 -107 26 -133 -4 1,02% 633 355 26 379 l4l -24 -115 679 3• Total net trans# actions # a. Net purchases of net buying banks b. Net sales of net selling banks c. Net. purchases or sales (-) 693 259 283 l/ May include modest amounts of transactions with 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 twoway transactions equals net sales of net selling banks. Table 3 Daily Federal Funds Activity of Major Banks Week Ended. July 1, 196% (in millions of dollars) 1.5.6(b) CONFIDENTIAL (PR) Reporting banks and. date All respondents Suae 25 26 29 30 July 1 0 NYC Banks June 25 26 29 30 July 1 37 Reserve City Banks Outside NYC June 25 26 29 30 July 1 4 Nonreserve City Banks June 25 26 29 30 Transactions with banks 1/ Effective rate (per cent) 3 1/2 3 1/2 3 1/2 3 1/2 3 1/2 Purchases 1,463 1,766 1,907 1,125 2^189 739 885 l,l4i 682 1,337 689 851 736 #.3 826 35 30 30 «=>=> Transactions with Government securities dealers Sales Purchases Sales 1,251 25 265 24 1,576 1,909 671 1,638 600 810 691 279 751 . 547 647 1,049 275 hj hh 10 25 47 44 10 24 => = =• -OCT, «= ® 671 105 119 170 118 216 0 Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying sales 2/ selling banks banks (-) 836 174 139 57 4l 1,007 1,069 363 1,048 25 529 = 20 6 630 636 10 245 720 240 308 174 119 46 11 =>30 = "* 0 ="= CO <= •=» = 5 " 377 433 117 328 ao =c "» 00 — c» 652 805 882 772 1,165 679 742 979 365 631 -27 63 -97 407 534 236 301 549 95 178 74 l4i 123 475 642 4o 602 Wf 381 4?4 303 326 499 35 30 30 =>«» 39 478 443 734 202 354 104 118 169 122 235 4o8 -97 31 -431 124 145 -69 =88 -139 -122 -210 Borrowings from Reserve Banks =>« 49 70 <= a 178 == Q c= = 70 =» <=» °° c * «*= = 49 coca <= ==> 178 * "= <= . <= « e=> c=. July 1 20 25 25 TVTrtk idLi* a k IA4-« 4 1 M m M J >3 _l/ Hay include modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies, mutual savings banks). 2/ Bach day's offsetting purchases and sales by the same bank. Note that gross purchases in the bank and Government Digitized forsecurlAAes FRASER dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total http://fraser.stlouisfed.org/ grosqpsales less ^wo-vay transactions eg*ls net sal^p of net sealing banks ^ • • • Federal Reserve Bank of St. Louis " C °
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