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L.5.6
June 30, 1964
CONFIDENTIAL (FR)
Table 1.
Reserve Positions of Major Banks
Reserve Period Ended June 17, 1964
(All d o l l a r f i g u r e s a r e d a i l y averages, i n millions)
Reserve c i t y banks
45 reserve
8 New York
37 banks
c i t y banks City banks
outside NYC
1.
2.
Reserve excess or
deficiency ( - )
18
9
Four
nonreserve .
c i t y baaksjr/
9
5
Less: Carry-over
reserve deficiency
2
3* Less: Borrowings
from Reserve Banks
146
54
92
1
431
471
-ho
-78
-561
- 516
-45
82
-14
-1
74
4.
5-
Less: Net Federal
funds purchases or
sales ( - ) 2 /
2
- -
—
Equals: Net "basic
reserve surplus or
deficit (-):
a.
b.
In millions of
dollars
As per cent of
average required
reserves
— 6
l / F i r s t half of reserve computation p e r i o d » » _
2/ For d e t a i l s , see following t a b l e .
q{ a
n
1,
O
* 1&64
L|5«6(a)
^CONFIDENTIAL (FR)
Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended June 17, 1964
(All figures are daily averages, in millions)
Reserve c i t y banks
45 reserve 8 New York
37 banks
c i t y banks City banks
outside NYC
|1.
Gross transactions:
a.
)
b.
)
2.
|3•
With banks'*-:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)
With Government
securities dealers:
( l ) Purchases
(2) Sales
(3) Net purchases or
sales (-)
Total two-way
transactions 2
1,626
1,018
893
465
733
553
1
79
608
428
180
-78
44
221
44
1
220
-177
43
-220
- -
843
466
377
l
827
471
356
— .
396
- -
396
78
431
471
-4o
-78
- — —
Total net transactions
a.
)
Four
nonreserre
c i t y banks
b.
c.
Net purchases of
net buying banks
Net sales of net
selling banks
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 o f f s e t t i n g purchases and sales by the same bank. Note t h a t gross purchases
in the bank and Government securities dealer categories l e s s two-way transactions
equals net purchases of net buying banks. Similarly, t o t a l gross sales l e s s twoway transactions equals net sales of net s e l l i n g banks.
Table 3
Daily Federal Funds A c t i v i t y of Major Banks
Week
June 17, 1964
( i n irtinnw* of d o l l a r s )
1.5.6(b)
CONFIDENTIAL (FR)
Reporting
banks
and
date
A l l respondents
June 11
12
15
16
17
0 NYC Banks
June 11
12
15
16
17
37 Reserve C i t y
Banks Outside NYC
June 11
12
15
16
17
4 Nonreserve C i t y
Banks
June 11
12
15
l6
17
Effective
rate
[per cent)
3
3
3
3
3
1/2
1/2
1/2
1/2
1/2
Transactions with
banks 1 /
Purchases
1,193
1,504
1,658
1,929
2,101
610
820
1.052
980
1,151
583
684
606
950
940
— —
Sales
986
1,045
1,128
1,148
1,284
444
498
401
493
425
491
486
590
563
767
51
61
— —
——
10
137
93
92
Transactions
v i t h Government
securities
dealers
Purchases
18
69
10
21
48
18
69
10
21
48
——
— —
«• -»
<— —
Sales
r
y~7
-
196
200
116
— —
1
——
—-
3
Total t r a n s a c t i o n s
Net
Net
Net
Two-way purchases s a l e s of purchases
net
or
t r a d i n g of net
sales
buying
s
e
l
l
i
n
g
3/
(-)
banks
banks
604
712
692
793
915
375
439
401
391
425
275
254
229
196
292
200
114
273
402
490
657
631
554
484
346
604
750
253
451
69
58
184
393
662
83
127
58
50
70
354
4ii
315
548
536
466
494
-182
450
——
- -
— tm
— •»
* —
— —
- —
— —
50
303
24
509
772
- -
10
2
360
389
50
60
136
92
91
- -
662
101
——
—-
276
610
774
——
——
- —
83
127
108
353
99
-49
608
862
977
1,158
1,234
586
Borrowings
from
Reserve
Banks
-55
-179
188
61
-50
-60
-136
-92
-81
.
- - - - -
5
l / May include modest amounts of t r a n s a c t i o n s v i t h other than domestic commercial i**.T>Vg ( e . g . , foreign bank agencies,
mutual savings banks).
2 / Bach d a y ' s o f f s e t t i n g purchases and s a l e s by the same bank. Note t h a t gross purchases in the bank and Government
s e c u r i t i e s dealer categories l e s s two-way t r a n s a c t i o n s equals net purchases of net buying banks. Similarly, t o t a l
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