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1.5.6

June 16, 1964

koKFIDENTIAL (PR)

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended June 3, 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*
2.
34.

5*

Reserve excess or
deficiency (-)

1

less: Carry-over
reserve deficiency

- -

Less: Borrowings
from Reserve Banks
Less: Net Federal
funds purchases or
sales (-) 2/

— —

1

Four
ncoareserve .
city banks.!/
5

- -

"

- -

99

63

36

114

144

230

-100

-212

-207

-5

105

-2

-6

Equals: Net basic
reserve surplus1 or
deficit (-):
a.

in millions of
dollars
b. As per cent of
average required
reserves

1/ First half of reserve computation period.
2/ For details, see following table.




93

L.5.6(a)
t
CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Weak Ended June 3, 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
nonareserve
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 transactions2

1,573
1,309

763
633

810
676

9
103

264

130

134

-94

25
175

18
4

7
171

-150

14

-164

-6

971

522

449

l

627

259

368

8

513

115

398

108

ll4

144

-30

-100

--

6

# 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.



Table 3
Dally Federal Funds Activity of Major Banks
Week Ended. June 3, 1964
(in millions of dollars)

1.5.6(b)
CONFIDENTIAL (FR)

Reporting
banks
and.
date

F

Transactions with
banks l/
Effective
rate
(per cent)
Purchases

Sales

Transactions
with Government
securities
dealers
Purchases

Sales

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

Borrowings
from
Reserve
Banks

All respondents
-244
805
5
216
561
46
909
1,424
1,499
3 1/2
May 2i
92
-63
760
823
16
961
1,626
159
1,705
3 1/2
29
165
143
708
565
687
10
178
1,075
1,385
June 1
3 1/2
100
-58
819
805
761
1,368
257
1,514
51
2
3 1/2
149
413
439
801
852
140
19
1,075
1,633
3 1/2
3
d NYC Banks
-111
258
46
147
25
535
769
635
May " 2 3 —
65
248
65
490
313
803
739
29
130
8
294
302
436
10
444
728
June 1
200
70
136
336
493
630
51
2
777
46
437
437
371
19
790
371
3
37 Reserve City
Banks Outside NYC
-24
5
415
439
187
374
627
May 1 5
789
462
27
-35
427
471
16
882
155
779
29
-60
466
4o6
35
251
174
545
657
June 1
30
-136
561
425
232
312
642
2
737
110
103
4l4
304
140
429
844
594
3
4 Nonreserve City"
Banks
-106
106
4
103
May 28
20
-91
111
4
20
108
29
-89
89
4
86
June 1
-120
120
25
96
2
-108
108
109
JL
NOTE: Details may not add. to totals because of rounding.
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

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Federal Reserve Bank of St. Louis