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1* 1.5-6 COHFIDEHTIAL (PR) June 7, 1963 Table 1. Reserve P o s i t i o n s of Major Banks Reserve P e r i o d Ended May 29, I963 ( A l l d o l l a r f i g u r e s a r e d a i l y averages, i n m i l l i o n s ) Reserve c i t y banks 45 r e s e r v e 8 New York 37 banks c i t y banks C i t y banks o u t s i d e NYC e Reserve excess o r deficiency (-) 90 53 37 12 ( -1 ) Less: Carry-over reserve deficiency —- — - - " ( 3. Less: Borrowings from Reserve Banks 92 15 77 15 ( 12 ) 4. Less: Net F e d e r a l funds purchases o r sales (-) 2/ 218 3U5 -127 -73 (-108) -220 -307 87 70 ( 95 ) -2 -8 1 59 ( 80 ) 1. e # 2. 5. # » ) Equals: Net b a s i c reserve surplus or deficit (-): a. b. e Four nonreserve . c i t y banksi/ I n m i n i o n s of dollars As p e r cent of average r e q u i r e d reserves Jl/ Second half of reserve computation period. Figures in parentheses are those for the full reserve period. 2/ For details, see following table. FEDERAL RESERVE B A N K of -- y •* Us — Reser-h L'hmry - L.5.6(a) * COHFIDEHTIAL (FB) Table 2 . F e d e r a l Funds A c t i v i t y of Major Beaks F o r t h e Week Bade* May 29, 1963 ( a h f i g u r e s a r e d a i l y averages, i n m i l l i o n s ) • — 1. • Reserve c i t y banks 37 hanks 6 Hew York 45 r e s e r v e C i t y banks outside H1C c i t y banks Gross t r a n s a c t i o n s : a. • b. # With banks*: (1) Purchases (2) Sales (3) l e t purchases o r sales (-) With Government securities dealers: ( l ) Purchases (2i Sales (3) Het purchases o r sales (-) 2. M s l . S t M u U a a n s z # 3- b. 0 1,050 476 781 527 574 87 258 305 -47 -72 64 104 4l 1 103 1 -ho 4o -80 -1 795 477 318 577 345 232 15 359 88 -127 -73 1,308 23 Total net transactions a. e Four noaueeserre oHqr banks c. Het purchases of n e t buying banks Het s a l e s of n e t s e l l i n g banks Het purchases o r sales (-) 359 218 345 l / May include modest amounts of t r a n s a c t i o n s with o t h e r than domestic commercial banks ( e . g . , f o r e i g n t a n k agencies, mutual savings t a n k s ) . 2 / Bach week's o f f s e t t i n g purchases and. s a l e s "by t h e same bank. Note t h a t gross purchases ™" i n t h e and. Government s e c u r i t i e s d e a l e r c a t e g o r i e s l e s s two-way t r a n s a c t i o n s equals n e t purchases of n e t buying banks. S i m i l a r l y , t o t a l gross s a l e s l e s s twoway t r a n s a c t i o n s equals n e t s a l e s of n e t s e l l i n g benks. — Table 3 D a l l y Ffederal Funds A c t i v i t y of Major Banks Week Ended May 29, 1963 ( i n m i l l i o n s of d o l l a r s ) L« 5 . 6 ( b ) CONFIDENTIAL (PR) Transactions with banks 1 / 1,236 1,253 1,255 1,636 1,354 970 998 1,178 1,646 1,176 52 92 44 43 36 175 238 46 52 44 538 704 691 903 737 750 64l 607 776 653 750 720 728 1,005 8l4 281 444 512 711 493 21 23 10 5 281 444 425 584 441 5pl 343 324 444 382 86 126 57 471 519 512 616 525 568 448 620 866 621 20 24 22 20 26 175 138 4l 52 36 257 260 265 319 296 234 283 268 317 255 487 326 396 599 361 14 14 14 14 14 120 106 46 69 62 14 14 14 14 14 120 106 51 69 65 I7 - - - 5 3 607 432 533 794 483 501 343 238 318 325 t i l Sales 1 Purchases KpfSis Sales HI Purchases 1 3 3 3 3 3 Net Met Net purchases s a l e s of Two-way purchases or net t r a d i n g of n e t s ales s e l l i n g buying 5/ banks banks H CVl jj <v?o!i cvT& cu gl X> 37 Reserve C i t y Banks o u t s i d e NYC May 23 24 27 28 29 4 Nonreserve c i t y Banks May 23 24 27 28 29 Effective rate [per cent) Total transactions H 1 1 Reporting banks and date Transactions w i t h Government securities dealers -106 -92 -37 -55 -51 Borrowings from Reserve Banks 61 177 111 23 18 5 90 50 15 1 6 11 13 15 17 28 mutual savings b a n k s ) . 2 / Each d a y ' s o f f s e t t i n g purchases and s a l e s by t h e same bank. Note t h a t gross purchases i n t h e bank and Government ~ FRASER s e c u r i t i e s d e a l e r c a t e g o r i e s l e s s two-way t r a n s a c t i o n s equals n e t purchases of n e t buying banks. S i m i l a r l y , t o t a l Digitized for http://fraser.stlouisfed.org/ g r o s ^ s a l e s l e s s jpro-vay t r a n s a c t i o n s e q ^ l s n e t sal^ta of n e t se.idling banks.. e Federal Reserve Bank of St. Louis
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