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1.5.6 ffirah - •* BAv*l> March 22, 1963 of <•' MM1 2 3 « , o 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.
