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L.5.6 March 26, 1964 CONFIDENTIAL (FR) Table 1. Reserve Positions of Major Banks Reserve Period Ended March 11, 1964 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NYC # 1. Reserve excess or deficiency (-) • • • • 2. Less: Carry-over reserve deficiency 18 10 " - - 8 Four nanreserve . city bank si:/ -10 - - 3- Less: Borrowings from Reserve Banks 132 20 112 1 4. Less: Net Federal funds purchases or sales (-) 2/ 221 424 .12 z2§ -66? -484 -183 87 -8 -l4 -3 62 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. C.f *» iV Research nL 1.5.6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended March 11, 1964 (All figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NIG Four nonreserve city banks 1. Gross transactions: a. With banks"1-: (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 3 1,117 915 46? 812 650 101 610 448 162 -98 35 92 35 9 83 -57 26 -83 889 476 413 873 474 399 3 320 101 79 -98 1 i - - - - - 3* Total net transactions e a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 320 - - 553 474 # 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. • CONFIDENTIAL (PR) Reporting banks and date Effective rate Mar. 5 6 9 10 11 ti NYC Banks Mar. 5 i/m 1/2 1/2 1/2 1/2 1/2 3 3 3 3 3 1,903 1,649 1,443 1,527 878 # 999 58 132 595 541 428 60 37 12 463 58 - — 147 145 85 20 20 \J%m I. A m 13 Aim**J * * v v w v w v w r j . u 6 836 10 9 10 11 Sales 134 59 59 10 11 6 dealers 60 37 12 627 Total transactions securities 1,369 1,392 1,151 900 933 753 583 653 4 Nonreserve City Banks Mar. 5 1 1 Transactions Purchases 11 37 Reserve City Banks Outside NYC Mar. 5 6 9 f I * Sales 971 897 860 862 6 9 10 n1! * with Government Transactions with banks 1/ (per cent]Purchases All respondents # Table 3 Dally Federal Funds Activity of Major Banks Week Ended March il, 1964 (in millions of dollars) L.5.6(b) 138 30 10 20 6 165 104 59 59 128 112 707 638 652 517 - - Net Net Net Two-way purchases sales of purchases or net trading of net sales selling buying 5/ (-) banks banks 899 891 765 477 890 3^5 896 602 559 444 696 241 455 947 1,050 972 380 " O 314 469 482 496 692 449 11 342 420 352 302 419 558 512 400 281 234 388 344 344 471 538 10 13 1 66 69 14 558 471 413 175 " w 496 491 452 476 692 438 170 168 56 476 -195 26 146 144 84 19 19 -136 208 -144 -84 -19 -6 Borrowings from Reserve Banks 46 155 413 226 15 125 46 i4o 278 226 10 l/ May -twiwfa modest amounts of transactions vith 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 Digitized~ for ~ FRASER securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total http://fraser.stlouisfed.org/ gross Federal Reserve Bank ofsales St. Louis less two-way transactions equals net sales of net selling banks.
@FedFRASER