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L-5-6 July 15, 1963 SittiUt *e:«-ve b a n k S f f l S L f f l g f KAN.' ' CITY JUL 2 2 1S63 — Pasearch Library TSbie 1. Reserve Positions of Major Banks Reserve Period Ended July 3, 1963 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 tanks city banks City banks outside NYC 1. Reserve excess or deficiency (-) 2. less: Carry-over reserve deficiency 3 • Less: Borrowings from Reserve Banks k. Less: Net Federal funds purchases or sales ( - ) 2/ .10 — ~ 163 5kk Four nonreserve . city banks!/ > 5 7 -- -- — 54 109 13 650 -106 -73 2 67 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves -697 -7 • 69;.; -18 l/ First half of reserve computation period. 2/ For details, see following table. 61 L. 5.6(a) -CONFIDENTIAL (FR) Table 2. Pedei&l Funds Activity of Major Banks For the Week Ended. July 3, 1963. (All figures are daily averages, in millions) Reserve city banks 4$ reserve ti New York 37 banks city banks City banks outside NIC Eoar noaaes&rve city banks 1. Gross transactions: 1 , b. With Government securities dealers: (1) Purchases (2) Sales (3) Net purchases or sales (-) 2. To1?al two-way traqsactions2 1,2kj 630 OJ O OJ m o m 00 OJ <0 a. With banks^: (1) Purchases (2) Sales (3) Net purchases or sales (-) 19 19 1 io4 6 -86 18 -104 -6 387 186 201 879 665 214 335 15 320 73 544 650 -106 -73 617 105 415 417 67 -2 -67 3« Total net transi actions I 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 hank agencies, mutual savings hanks). 2/ Bach week's offsetting purchases and sales by the same hank. Note that gross purchases — in the hank 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 Dally Federal Funds Activity of Major Banks Week Ended July 3, 1963 (in Billions of dollars) L. 5-6(b) CONFIDENTIAL (FR) Reporting banks and date Effective rate Transactions with banks 1J (per cent, Purchases All respondents June 27 28 July 1 2 3 0 NYC Banks June 27 28 July 1 2 3 37 Reserve City Banks Outside NYC June 27 28 July 1 2 4 Nonreserve City Banks June 27 28 July 1 2 . 3. .. Transactions with Government securities dealers 3 3 3 3 3 1,583 890 1,518 1,417 1,542 1,044 633 980 858 1,043 Sales 1,060 422 870 836 766 352 151 106 294 195 256 610 225 538 559 499 485 469 538 - - 676 97 45 87 56 102 Purchases Sales Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying sales selling a (-) banks banks 40 161 19 27 43 90 191 90 71 200 4o 10 223 117 106 19 27 43 403 1,219 304 1,233 1,084 1,149 360 436 124 171 148 90 179 74 62 180 83 197 236 265 689 861 516 892 762 915 358 173 340 322 234 11 9 565 - - 476 132 4i 360 310 519 748 139 34 722 482 892 150 170 24 592 891 i4o 79 -221 -59 99 4l 579 232 658 322 266 45 - - 4oi 378 401 100 3 16 818 311 757 Borrowings from Reserve Banks 98 72 111 306 10 -318 187 -32 147 204 -100 -45 -98 -72 -111 23 23 23 23 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/ gross # # # Federal Reserve Bank ofQples St. Louis less t@o-way transactions egu*#s net sale#of net sel#ng banks. #
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