Full text of L.5.6 Reserve Positions of Major Banks : May 1, 1964

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L.5.6
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CONFIDEHTIAL (PR)

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May 1, 1964

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended April 22, 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 (-)

Four
actoseserve .
city banks 1/

16

6

10

2. Less: Carry-over
reserve deficiency

2

1

1

3. Less: Borrowings
from Reserve Banks

193

58

135

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

526

523

3

-152

-705

-576

-129

176

-8

-16

-2

139

24

- -

- -

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.> '6 (ft)
CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended April 22, 1964
(All figures are daily averages, in millions)
Reserve city banks
45 reserve
8 New York
37 banks
city banks
City banks
outside NYC
^L.

Gross transactions:
a. With banks'*-:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)
b. With Government
securities dealers:
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)

e

2. Total two-way transactions2
^.

£

Four
noneeserve
city banks

2,096
1,529

1,079
595

1,017
934

148

567

484

83

-148

45
86

45
6

80

4

-4l

39

-80

-4

986

601

385

- -

1,155

523

632

- -

629

- -

629

152

526

523

3

-152

- -

—«"»

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

A / 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.



65.6(b)

#

#
Table ^
Dally Federal Funds Activity of Major Banks
Week Ended April 22, 1964
(in millions of dollars)

*

CONFIDENTIAL (FR)

Reporting
banks
and
date

#

Transactions with
banks l/
Effective
rate

,

(per cent, Purchases

Sales

Transactions
with Government
securities
dealers
Purchases

Sales

Total transactions
Net
Net
Net
Two-way purchases sales of purchases
or
net
trading of net
sales
buying
selling
2/
(-)
banks
banks

Borrowings
from
Reserve
Banks

All respondents
166
810
223
1,362
2,127
1,710
Apr. 16
1,065
45
3 1/2
297
82
806
1,381
768
2,095
3 1/2
1,493
319
17
53
575
20
1,466
4ll
1,134
3 1/2
2,125
50
65
2,550
1,055
73
21
4o
1,151
219
3 3/8
1,853
1,598
74
932
37
739
22
1,822
26
-21
59
81
1.030
851
872
1,855
3 3/3
0 NYC Banks
442
442
Apr. 16
1,149
45
751
751
724
125
1,070
724
17
399
53
399
10
20
1,368
890
230
518
50
748
670
21
482
206
251
903
15
719
457
37
22
26
20
280
31
298
18
925
913
653
37 Reserve City
Banks Outside NYC
888
146
610
223
Apr. 16
368
665
979
-55
82
-11
656
1,025
368
194
667
17
955
20
464
1,182
718
685
1,095
55
33
73
21
84
4o
8l4
610
694
951
54
257
22
28
61
931
874
554
557
-3
377
4 Nonreserve City
.
Banks
20
Apr. 16
380
-399
399
138
-138
17
139
20
i4o
-139
139
21
-69
65
69
5
22
35
-34
34
NOTE:
l/ May include modest amounts of transactions with other than domestic commercial hanks (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

securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total
http://fraser.stlouisfed.org/
gross
sales
Federal Reserve
Bank of
St. Louisless two-way transactions equals net sales of net selling banks.
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