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1.5.6
ffirah - •* BAv*l>

March 22, 1963

of <•'

MM1 2 3

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n
I
Research.

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended March 13, 1963

ihmrv

(All dollar figures are daily averages, in millions)
Reserve city banks
37 banks
45 reserve 8 New Yozk
outside NYC
City banks
city banks

e

1.

Pour
ncmreserve .
city banks!/

41

28

13

2. Less: Carry-over
reserve deficiency

3

2

1

front Reserve Banks

•

Reserve excess or
deficiency (-)

71

18

53

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

412

634

-222

-66

-445

-626

181

79

-5

-18

3

68

3. Less: Borrowings
#

4.

13
mm mm-

— —

5. Equals: Net basic
#

#

reserve surplus or
deficit (-):

a. In millions of
dollars
b. As per cent of
average required
reserves

l/ First half of reserve computation period.
2/ For details, see following table.

•




#
L.5-6(a)
COKFIDEHTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended March 13, 1963

H

(All figures are daily averages, in millions)
Reserve city banks
37 banks
45 reserve 6 New York
outside NIC
city banks City banks

e

1.

•

e

b. With Government
securities dealers:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)
2.

1,703
1,057

1,013
402

690

655

74

646

611

35

-65

285

51

45
22

6
263

1

-234

23

-257

-l

720

424

296

1,034

634

400

9

622

75

-222

-66

Gross transactions:
a. With banks1:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)

e

Four
nonaeserre
city banks

Tofoi frfg-w
atttene2

tmxrn-

3. Total net transactions

#

a. Net purchases of
net buying banks
b. Net sales of net
selling banks
c . Net purchases or
sales (-)

#

622

412

634

l/ May include modest amounts of transactions with other than domestic commercial
banks (e.g., foreign hank agencies, mutual savings banks).
# 2/ Bach 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.
—




•
#
T&bS 3
•
Daily Federal Funds Activity of Major Banks
Week Ended March 13, 1963
(in millions of dollars)

'1.5.6(b) *
CONFIDENTIAL (FR)

Reporting
banks
and
date
All respondents
Mar. 7

8
11
12
13

ti NYC Banks
Mar. 7

8
H
12
13

37 Reserve City
Banks Outside NIC
Mar. 7

8
11
12
13

4 Nonreserve City
Banks
Mar. 7

8
11
12
1?

Transactions with
banks 1/
Effective
rate
(per cent)

3
3
3
3
3

Purchases

1,736
1,680

1,561

1,811
1,824
983
980

928
1,115
1,114

Sales

Transactions
with Government
securities
dealers
Purchases

390
348
287
461
482

618

31
44-

20
20
17
45
10

263

20
20

250
262
263
280
259

489
452
388
435
324

370
364
329

25
64

753

633
679
693

600

20

51
64

20

560

689

10
16
16

644
743
748
147
75
92
22
35

1,107
1,159
1,049
1,137
1,017

654
585

25
64

582

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

270
282
288
325

1,077
1,083
1,021
1,204
1,366

438

Sales

Total transactions

- -

269

8

532
725

871

237
245
264
388

697
661
685

677

10
16
16

Borrowings
from
Reserve
Banks

694
779
778

413
380

765

252

94
78
152
1
14

618
662
603

125

-58
-217

94
78

-324
-295

1
14

803

35
58
21
110
547
669

619
759
619
147
75
100
22

271

334

664
567

-231

27

-147
-65
-100

-6
-19

, foreign bank agencies,
~ mutual savings banks).
~
2/ T o V day's offsetting purchases and sales by the same bank. Note that gross purchases in the bank and Government
ffi
~ 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.