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'

July 17, 1964

1564

Library—

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended July 8, 1964
(All dollar figures are daily averages, in millions)
Reserve city banks
45 reserve 8 New York
37 banks
city banks City banks
outside NYC
1. Reserve excess or
deficiency (-)

24

5

19

Four
nanreserve
city banks!/
l)

--

(

9

—

(

— )

—

(

— )

2. Less: Carry-over
reserve deficiency

9

3. Less: Borrowings
from Reserve Banks

87

67

20

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

758

462

296

-168

(-i4i)

-830

-524

-306

168

( 142)

-9

-14

-5

"

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

are those for the full reserve period.
2/ For details, see the following table.

#




133 ( 117)

. 1.5.6(a)
CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended July 8, 1964
(All figures are daily averages, in millions)
Reserve city banks
4 5 reserve ti New York
37 banks
city banks City banks
outside NEC

Four
noneeserve
city banks

1. Gross transactions:
a. With banks"1":
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)
b. With Government
securities dealers:
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)

1,876
1,038

999
563

877
475

7
128

838

436

402

-121

32
112

27
1

5
111

47

-80

26

-106

-47

8?9

478

401

2

1,029

548

481

5

271

86

185

173

758

462

296

-168

•»-

2. Total two-way transactions2

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/ 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.5.6(b)

#

CONFIDENTIAL (FR)

Reporting
banks
and
date

Effective
rate

#

#

#
Table 3
Daily Federal Funds Activity of Major Banks
Week Ended July 8, 1964
(in millions of dollars)

Transactions with
banks 1/

Purchases
(per cent)

Sales

#

Transactions
with Government
securities
dealers
Purchases

Sales

#

e

#

«

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

Borrowings
from
Reserve
Banks

All respondents
1,010
687
184
13
28
323
l,28l
July 2
3 1/2
777
1,759
2
42
1,150
819
513
163
637
1,294
3 1/2
1,927
3
140
624
405
l4o
1,029
878
l,l44
6
1,887
19
3 1/2
448
217
686
1,201
222
20
1,868
753
3 1/2
913
7
261
889
82
233
1,150
24
761
8
1,887
9tL
3 1/2
0 NYC Banks
341
528
187
16
455
July 2
639
967
3
301
174
475
534
38
709
970
3
l4o
88
449
10
474
6
537
996
15
553
829
796
175
16
1,090
310
277
33
7
18
155
- 24
292
761
743
8
1,029
311
37 Reserve City
Banks Outside NYC
toll13
472
116
195
322
277
July 2
782
13
426
2
286
665
239
98
427
947
5
3
482
4o4
k
305
to6
881
6
177
95
42
k
409
315
528
372
57
197
777
7
78
388
k69
151
237
8
72
550
4 Nonreserve City
Banks
—- 222
-212
10
10
65
July 2
158
-212
222
10
10
158
65
3
——
10
-129
139
6
10
105
35
—-99
99
25
75
7
- - -91
91
11
8
81
NOTE:
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 St. Louis
Federal Reserve Bank ofsales less two-way transactions equals net sales of net selling banks.
- -

— —

— -

"

£

00

mm mm

- -

— a-

"

- -