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L.5.6 ^COSFIDENTIAL (PR) n r ' March U , 19&3 f.: 3 Reserve Positions oi MkjdrJfianks Reserve Period Ended February 2ff 1963 (All dollar figures are daily averages, in millions) Reserve city banks 37 hanks 45 reserve 8 Mew York outside NYC city banks City banks 1. Reserve excess or deficiency (-) - 12 -17 - 2 - — - — - ~ 48 20 28 8 2. less: Carry-over reserve deficiency 5 Four nonreserve . city banksi:/ 579 21 -135 -6b0 -594 -66 133 - - 17 ~ X 109 3- Less: Borrowings from Reserve Banks 4. Less: Net Federal funds purchases or sales (-) 2/ 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves 7 l/ First half of reserve computation period, 2/ For details, see following table. L. 5-6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Weak Ended Febroary 275 1963 (All figures are daily averages, in millions) Reserve city "banks 45 reserve H Hew Yoifc 37 banks city tanks City banks outside NYC Four nonueeserre oi%r "banks 1. Gross transactions: > ' ^ a. With banks^*: (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (1) Purchases (2) Sales (3) Net purchases or sales (-) 2. Total two-way transactions2 ls 691 6 492 l4l 722 199 -135 65 2,87 178 576 -122 56 -.178 758 517 24l 3. Total net transactions 811 Net purchases of net buying banks b. Net sales of net selling banks Net purchases or sales (-) 6 1,097 68 429 l4l 579 21 -135 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. L. M * • TaHe 3 • Dally Federal Funds Activity of Major Banks Week Ended February 27, 1963 (in millions of dollars) uO* CONFIDENTIAL (FR) Transactions with banks 1/ Reporting banks and date All respondents Feb. 21 22 25 26 27 0 NYC Banks Feb. 21 22 25 26 27 37 Reserve City Banks Outside NBC Feb. 21 22 25 26 27 4 Nonreserve City Banks Feb. 21 22 25 26 27 Effective rate 3 3 3 3 3 Transactions with Government securities dealers Total transactions Net Net Net Two-way purchases sales of purchases or net trading of net sales buying selling a/ (-) banks banks Borrowings from Reserve Banks Purchases Sales Purchases Sales 1,809 1,720 1,636 1,746 2,216 1,236 1,227 931 1,209 1,422 92 92 54 14 17 198 198 224 148 149 633 634 698 746 884 1,267 1,177 992 1,013 1#348 800 790 458 611 686 467 387 534 402 662 49 33 135 18 19 1,032 1,032 1,038 1,019 1,507 601 601 503 572 555 92 92 54 14 17 46 674 674 587 476 992 151 151 44 14 42 523 523 543 462 950 5 5 105 18 19 450 450 504 558 531 777 687 590 710 693 487 478 308 491 726 198 198 178 148 130 183 184 193 188 352 593 503 396 521 340 502 492 293 451 504 91 11 103 70 -164 44 28 30 7 16 16 147 147 120 145 l4o 7 16 16 147 147 120 145 l4o -147 -147 -113 -129 -124 - — — 1/ May inninri* 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 " FRASER securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total Digitized for gross sales less two-way transactions equals net sales of net selling banks.
@FedFRASER