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CONFIDENTIAL (FR) June 28, 1963 FEDERAL RESERVE B A N K of K A N S A S CITY Table 1. 'Y Reserve Positions of Major Banks J(JL 5 1263 Reserve Period Ended June 19, 1963 w Research Lihl&fy Imr figures are daily averages, in millions) Reserve city banks *5 reserve 8 New York 37 banks city banks City banks outside NYC e 1. Reserve excess or deficiency (-) # # # 5 2. Less: Carry-over reserve deficiency 1 1 3. less: Borrowings from Reserve Banks # 11 . 128 4. Less: Net Federal funds purchases or sales (-) 2/ 6 3 63 65 22 423 535 -112 -•541 -594 53 28 -l 6 l 27 " 4-7 " 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves l/ First half of reserve computation period. 2j For details, see following table. * # Four nonreserve . city banksJ:/ CONFIDENTIAL (FB) Table 2. Federal Funds Activity of Major Banks For the Weak Ended June 19^ .1963 (All figures are daily averages, in millions) Reserve city banks *5 reserve 0 Hew York 37 "banks city banks City banks outside NYC Four noaseserre city banks 1. Gross transactions: a. With banks1: (l) 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 V+39 854 SC5 386 534 468 i4 57 585 519 66 -43 17 179 27 -162 ~ — 178 4 16 -178 -4 659 342 317 797 580 217 14 374 4$ 329 6l 423 535 -112 -47 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 hanks (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, 5-6lb) Table 3 Dally Federal Funds Activity of Major Banks Week Ended June 19, 1963 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents June 13 14 17 18 19 0 NYC Banks June 13 l4 17 18 19 37 Reserve City Banks Outside NSC June 1 3 . 14 17 18 19 4 Nonreserve City Banks June 13 l4 17 18 19 Transactions with banks l/ Effective rate (per cen-t) Purchases 3 3 3 3 3 1, 524 4] ' 4 1, 328 1, 585 I, 485 Sales 1,109 973 746 1 , 021 , 588 897 780 934 1,015 470 4>4 332 371 169 593 501 532 635 470 586 458 377 575 359 16 16 16 16 53 60 36 75 60 91k - - Transactions with Government securities dealers Purchases 8 29 3 Sales Total transactions Net Net Net Two-way purchases sales of purchases or net trading of net sales buying selling 2/ (-) banks banks 173 230 221 130 74 662 705 483 481 408 8 29 3 10 , — — ~ 394 444 245 209 169 267 260 238 271 239 — — 20 20 — — — — — — — — — — — —» — — °c e. — - - 163 226 207 130 74 — — 4 — — — ik — — - - « •» — <- — =- - - Borrowings from Reserve Banks 6_l 497 484 670 254 249 240 364 434 644 528 481 538 725 867 85 9 87 161 443 472 451 564 867 8 10 80 330 326 240 293 363 230 482 423 346 434 194 -156 -183 - 53 - 71 36 73 4l 25 171 16 16 16 l6 53 64 50 75 60 870 737 848 l, 104 1*098 - - PO - - 37 48 34 59 60 22 103 73 127 523 — — — — 22 22 22 22 22 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 E^les less tv^-vay transitions equate net sales ^ f net selling banks.
