View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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
- -

"

:
: