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-4^ 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 http://fraser.stlouisfed.org/ grx^s sales l e ^ two-way transactions yuals net s^Les of net gelling bank^. ^ Federal Reserve Bank of St. Louis
