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i' •1 X . L-5-6 >•£Cfp CONFIDENTIAL (FR) c , July 8, 1964 ' , Ba U" % /si / .* liable 1. ReseWe^PopMlpns of Major Banks Reserve Period Enfflfi. June 24, 1964 '£&Qrc£ ' (All dollar figures are dally averages, In millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NYC 1. Reserve excess or deficiency (-) 63 2. Less: Carry-over reserve deficiency 3• Less: Borrowings from Reserve Banks 4. Less: Net Federal funds purchases or sales (-) 2/ 32 4 4 - - 21 15 31 54 Four nanreserve . city banks 1/ - 1 ( 2 ) -- ( --) 7 ( 4) SiL 152 i. (-70) -735 -556 -179 54 ( 63) -8 -15 -3 m 5• Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves l/ Second half of reserve computation period. are those for the full reserve period. 2/ For details, see the following table. Figures in parentheses 49 ( 61) JL.5.o(a) gQNFIDEMTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended June 24, 1964 (All figures are daily averages, in millions) Reserve city banks 45 reserve 0 New York 37 banks city banks City banks outside NYC Four nonseserre city banks 1. Gross transactions: a. With banks"*": (1) Purchases (2) Sales (3) Net purchases or sales (-) , b. With Government securities dealers: (l) Purchases (2) Sales (3) Net purchases or sales (-) 2. Total two-way transactions 1,845 1,031 1,012 48l 833 550 13 70 8l4 531 283 -57 42 137 42 6 0— 131 5 -95 36 -131 -5 945 487 458 - - 942 567 375 13 223 75 152 -62 — 3• Total net transactions , a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 223 719 - - 567 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) Table 3 Dally Federal Funds Activity of Major Banks Week Ended June 24, 1964 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date Transactions with banks l/ Effective rate Transactions with Government securities dealers Total transactions Net Net Net Two-way purchases sales of purchases net trading of net or 2/ buying selling sales banks banks (-) Borrowings from Reserve Banks Purchases Sales Purchases Sales 1,482 1,797 2,002 2,125 2,00? 637 924 1,334 1,499 1,467 22 72 10 32 15 177 131 146 118 162 456 745 783 1,117 1,089 1,048 1,123 1,229 l,o4o 933 357 309 697 499 539 691 8l4 532 541 394 June 18 19 22 23 24 908 959 1,072 1,120 1,106 213 466 436 688 631 22 72 10 32 15 20 20 213 444 4l6 646 562 717 587 666 506 560 22 19 61 88 717 565 647 445 472 June 18 19 22 23 24 564 826 904 990 893 361 383 825 749 767 167 125 140 98 142 243 302 367 471 527 321 524 537 520 365 284 205 598 375 381 37 319 -61 145 -16 64 86 35 20 1 June 18 19 22 23 24 10 12 25 15 8 63 75 73 62 10 12 25 15 8 72 80 78 61 68 -62 -68 -53 -46 —60 5 5 9 9 9 All respondents June Its 19 22 23 24 0 NYC Banks (per cent) 3 3 3 3 3 1/2 1/2 1/2 1/2 1/2 37 Reserve City Banks Outside NYC 4 Nonreserve City Banks v% /\4* 4-^ — — " 10 6 6 69 l4i 44 29 2,0 50 l/ May include modest amounts of transactions with other than domestic camaercial hanks (e.g., foreign hank agencies, mutual savings hanks). 2/ Each day's offsetting purchases and sales by the same bank. Note that gross purchases in the bank and Government dealer categories less two-way transactions equals net purchases of net Trying banks. Similarly, total Digitized> for^securities FRASER http://fraser.stlouisfed.org/ gro^ sales les^ two-way transactions e^ials net sa^s of net ^ i H n g "hanV^ ^ Federal Reserve Bank of St. Louis
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