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«««al of K A H S ; o coMrmKHiuAL (m) JUL Research t ' 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- " - -
