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May 11, 1964 L.5.6 CONFIDENTIAL (FR) Table 1. Reserve Positions of Major Banks Reserve Period Ended April 29, 1964 (All dollar figures are daily averages, in millions) Reserve city banks 37 banks 45 reserve 8 New York outside NYC city banks City banks e • • * * 1. Reserve excess or deficiency (-) 8 Four ncmreserve . city banks,!/ -22 ( 1) 18 10 - - - - - - 3. Less: Borrowings from Reserve Banks 13 — — 13 4. Less: Net Federal funds purchases or sales (-) 2/ -4 89 -93 -80 (-116) 9 -79 88 58 ( 117) 2 2 54 ( 97) 2. Less: Carry-over reserve deficiency ( —) ( —) 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves l/ Second half of reserve computation period. are those for the full reserve period. 2/ For details, see the following table. Figures in parentheses L.5»6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended April 29, 1964 (All figures are daily averages, in millions) e Reserve city banks 45 reserve ti New York 37 banks city banks City banks outside NYC Four non$eserre city banks 1. 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 (-) 2. Total two-way transactions 1,811 1,783 901 870 910 913 28 31 -3 62 94 62 4 90 3 -32 58 -90 -3 1,186 695 491 - - 687 268 419 — — 691 179 512 80 -4 89 -93 -80 — — 77 -77 M* mo 3• Total net trans0 actions ^ 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). _/ 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. f 1.5.6(b) Table 3 Daily Federal Funds Activity of Major Banks Week Ended. April 29, 1964 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and. date All respondents Apr. 23 24 27 28 29 0 NYC Banks Apr. 23 24 27 28 29 37 Reserve City Banks Outside NYC Apr. 23 24 27 28 Transactions with banks 1/ Effective rate (per cent) 3 1/2 3 1/2 Purchases Transactions with Government securities dealers Sales Purchases Sales 1,927 1,995 1,526 1,684 1,558 1,762 2,037 1,608 1,920 1,617 28 95 60 44 20 157 122 53 47 57 827 963 812 975 806 684 995 716 846 855 28 95 60 44 20 1,101 1,033 715 708 752 1,004 961 791 995 715 - - 10 147 112 48 4i 55 Total transactions Net Net Net Two-way purchases sales of purchases trading of net net or 2/ buying selling sales banks banks (-) 949 1,240 876 871 l,06l 1,006 850 711 857 516 969 918 784 1,095 611 37 -68 -73 -238 -95 558 737 581 587 649 297 321 291 432 177 125 268 134 258 204 172 53 157 174 -27 392 503 295 283 412 709 530 420 425 339 758 569 Borrowings from Reserve Banks —49 -39 -123 -326 -18 543 751 357 93 - - 29 93 s» 4 Nonreserve City Banks Apr. 23 10 -84 84 75 24 80 79 -79 27 101 105 -105 5 28 6 -84 84 79 29 2 48 —48 47 NOTis: Details may not add. to totals because of rounding. _l/ May include modest amounts of transactions with 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 securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total http://fraser.stlouisfed.org/ grqgpof sales leg* two-way transactions equals net s#es of net Slling bank# # # # Federal Reserve Bank St. Louis - - " : :
