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L-5-6 July 19, 1963. M i m: 4/ f, * B Reaerti[/Poalt£MB (pfewujtoA R e s b ^ Peilti&Bpded MHy 10, 1963. (All dollar flgnres^aie dally averages, In • m i o o s ) Reserve city Danes *5 reserve 8 Her York 37 tanks city "banks City tanks outside IXC Reserve excess or deficiency (-) Less: Carry-over reserve deficiency 67 39 l 28 l , Four Ktoaeserve . slty tanfcaj/ -5 ( 1) — ( — ) Less: Borrowings tram Reserve Banks 159 33 126 3 ( 8) Less: let Federal funds purchases or sales (-) 2/ 818 872 -5h -102 (-88) Equals: Net basic reserve surplus or deficit (-): a. in millions of dollars -911 b. As per cent of average required reserves -10 are those for the full reserve period. 2/ For details, see following table. 94 ( 81) -866 -24 -1 82 ( 72) L.5.6(b) CONFIDENTIAL (FR) Tttble 2. Federal Funds Activity of Major Banks For the Week Ended July 10, 1963 (ait figures are dally averages, In millions) Reserve city banks 37 banks 45 reserve d New York outside NIC city banks City banks FOW noaaeeserre city banks 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 1,723 84? 1,118 278 605 569 92 876 840 36 -92 38 96 38 6 90 10 -58 32 -90 -10 634 280 35* — 1,127 876 251 — 309 4 305 102 618 872 -54 -102 — — 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 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. 1.5.6(1=) • • CONFIDENTIAL (FR) Reporting banks and date All respondents July 4 5 8 9 10 0 NXC Banks July 4 5 8 9 10 : 7 Reserve City Banks Outside HTYC July 4 5 8 9 10 4 Nonreserve city BariKs July 4 5 8 9 10 Effective rate (per cent] 3 3 3 , 2 7/8 3 • • M& 3 • Dally Federal Funds Activity of Major Banks Week Ended July 10, 1963 (in millions of dollars) Transactions with banks l/ with Government securities dealers Purchases Purchases Sales 1,543 1,514 2,077 1,908 2,001 766 724 1,309 1,207 1,139 43 30 71 31 30 1,044 1,007 1,378 1,122 1,270 195 155 408 492 391 43 30 71 31 30 499 508 700 787 731 469 479 792 62 6 671 102 90 110 76 Sales 71 111 106 107 128 10 15 20 62 - w 102 87 73 99 - - 9 9 9 19 9 • • « > e Total transactions Net Net Net purchases sales of Two-way purchases or net trading of net sales selling buying 2/ banks banks U 436 427 791 791 4oo 407 624 671 1,150 1,117 1,357 1,148 1,360 171 155 417 472 331 265 272 374 319 340 Borrowings from Reserve Banks 326 258 595 750 710 733 626 765 915 882 1,031 681 970 23 892 79 50 234 236 326 467 265 308 505 379 431 -31 -72 -179 88 -4o 224 208 13 9 110 -110 23 118 107 -118 -107 391 522 34 79 98 84 882 1,031 647 13 9 17 891 -98 17 -84 l/ May include modest amounts of transactions vith 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 securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total Digitized~ for FRASER gross sales less two-way transactions equals net sales of net selling banks.
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