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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
