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-l-5.6

mjtmj-i w m m v i

bank

June 2, 1964

iCONFIDENTIAL (PR) ©f K A N 5 >$ CI! f

Jim 8 1964
—

Research

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Reserve Positions of Major Banks
Reserve Period Ended May 20, 1964
(All dollar figures are daily averages, in millions)
Reserve city banks
4-5 reserve 8 New York
37 banks
city banks
City banks
outside NIC

•
1. Reserve excess or
deficiency (-)

•

•

•

— ™

18

-1

2. Less: Carry-over
reserve deficiency

1

Less: Borrowings
from Reserve Banks

104

4l

63

4. Less: Net Federal
funds purchases or
sales (-) 2/

77

105

—28

-122

-164

-146

-18

121

-2

-4

3-

•

18

Four
noareserve .
city banksjb/

1

"

— —

5- Equals: Net basic
reserve surplus 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.




106

L. 5-6(a)
CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended May 20, 1964
(All figures are daily averages, in millions)
Reserve city banks
45 reserve
6 New York
37 banks
city banks
City banks
outside NIC
1.

Gross transactions:

b. With Government
securities dealers:
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)
2. Total two-way transactions

1,540
1,240

743
661

797
579

112

300

82

218

-112

37
2 6 0

37
14

246

- 2 2 3

23

-246

1,004

6o4

400

— —

573

176

397

— —

496

71

425

122

CO
CXJ
1

a. With banks"1-:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)

3.

Four
nonseserve
city banks

-122

- -

— —

- -

1 0

-10

Total net transactions
a. Net purchases of
net buying banks
b. Net sales of net
seining banks
c. Net purchases or
sales (-)

77

1 0 5

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
Daily Federal Funds Activity of Major Banks
Week Ended May 20, 1964
(in millions of dollars)

L.5.6(b)
CONFIDENTIAL (FR)

Reporting
banks
and
date

All respondents
May 14
15
18
19
20
0 NYC Banks
May 14
15
18
19
20
37 Reserve City
Banks Outside NYC
May 14
15
18
19
20
4 Nonreserve City
Banks
May 14
15
18
19
20

Transactions with
banks 1/
Effective
rate
(per cent]Purchases

3
3
3
3
3

1/2
1/2
1/2
1/2
1/2

Sales

Transactions

with Government
securities
dealers
Purchases

Sales

Total transactions
Net
Net
Net
Two-way purchases sales of purchases
net
or
trading of net
sales
buying
selling
5/
(-)
banks
banks

1,405
l,4l4
1,759
1,750
1,619

i,4oo
1,185
1,703
1,552
1,254

39
52
8
27
30

377
340
269
133
96

795
821
883
816
824

649
645
883
961
824

981
703
1,088
867
525

-332
-58
-205
94
299

626
727
808
757
828

675
611
913
720
486

39
52
8
27
30

20
20
3
5
12

443
470
507
465
394

222
308
309
319
464

251
160
409
259
103

-29
148
-100
60
361

780
688
951
994
791

641
452
659
735
660

—«
•
»
——

342
307
253
128
84

352
351
377
351
431

427
337
575
642
360

629
407
535
510
312

-202
-70
4o
132
48

85
122
131
97
108

——

——

99
134
143
96
107

-99
-134
-143
—96
-107

— «®
— «•

— —
—

M

- -

— «-

——

15
13
13

— —

—' -»

«o_

- -

- -

——
——
——
- -

•*
— —

Borrowings
from
Reserve
Banks

— —

92
121
333
— °°°

— —
- -

75
213
— ==
*

92
46
120

— -

——
"—
•

•

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

gross sales less two-way transactions equals net sales of net selling banks.
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