View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

i
t
L-5-6

March 16, 1964
•

-

COBFIDEHTIAL (PR)

11'

" A ? >sGQ'

t

Table 1.
Reserve Positions of Major Beaks
Reserve Period Ended March k, 196k
(All dollar figures are dally averages, in millions)
Reserve city bants
37 banks
8 Her York
45 reserve
outside NYC
city banks City banks

Pour
somBserve .
oity baaksi/

1. Reserve excess or
deficiency (-)

77

57

20

7

2. Less: Carry-over
reserve deficiency

11
.

10

l

«» «»
= =

^

CO C ^
O

3. Less: Borrowings
from Reserve Batiks

181

59

122

«a>

^

)

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

136

_99

37

-7%

(-82)

-251

-111

-ito

81

( 83)

-3

-3

-3

59

( 61)

( 1)

5e Equalst Met basic
reserve surplus or
deficit (-):
a. In millions of
dollars
b. As per cent of
average required
reserves

1/ Second half of reserve computation period.
axe those for the full reserve period.
2/ For details, see following table.




Figures is parentheses

* 1.5.6(a)
•

CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended March 4, 1964
(All figures are daily averages, in millions)
Reserve city banks
4 5 reserve 8 New York
37 banks
city banks
City banks
outside NYC
1.

t

Four
nonjeeserve
city banks

Gross transactions:
a. With banks"'":
(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 transactions2

1,41?
1,155

730
657

687
498

4
78

262

73

189

-74

39
165

39
13

152

—126

26

-152

956

562

394

500

207

293

- -

364

108

256

74

a36

99

37

-74

"

4

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
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.



A . 6(b)

•

Table 3
Dally Federal Funds Activity of Major Banks
Week Ended March 4, 1964
(in millions of dollars)

COMFXDENTIAL (PR)

Reporting
banks
and
date

All respondents
Feb. 27
28
Mar. 2
3
0 NYC Banks
Feb. 2?
28
Mar. 2
3
4
37 Reserve City
Banks Outside NSC
Feb. 27
28
Mar. 2
3
4
4 Nonreserve City
Banks
Feb. 27
28
Mar. 2
3
4

Transactions with
banks lV
Effective
rate
(per cent)

3
3
3
3
2

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

Transactions
with Government
securities
dealers

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

Borrowings
from
Reserve
Banks

Sales

Purchases

Sales

1,107
1,301
1,871
1,800
1,264

1,016
1,058
1,721
1,619
1,106

34
39
18
61
45

273
146
108
208
126

635
739
1,176
1,124
701

506
602
714
736
608

652
465
652
702
530

-146
137
62
34
78

259
314
70

602
800
789
845
473

482
547
1,009
937
532

34
39
18
61
45

10
10
30
40

417
460
679
655
359

218
379
129
251
159

74
86
339
311
212

l44
293
-210
-60
-53

125
85
35

506
492
1,082
954
791

446
439
630
579
515

263
146
98
178
86

218
279
497
469
342

288
213
585
485
449

490
305
230
287
258

-202
-92
355
198
191

134
229
35

87
72
81
102
58

-87
-62
-81
-102
-58

Purchases

— —

10
— -

— *-

--

88
73
82
103
59.

™»•»
— —
•»
— —

« •
. »

— —

— —

— —

mm mm

— —

— «—

— •»

•» —

— —

10

— —

— —

— —

— —
— -

—

— —
— —

— —
— —

— — —

— «— —
— —
— —

l/ May include modest amounts of transactions with other than domestic commercial hanks (e.g., foreign hank 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
Digitized forsecurities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total
FRASER
http://fraser.stlouisfed.org/
gross sales less two-way transactions equals net sales of net selling banks.
Federal Reserve Bank of St. Louis