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. - r - S R S " COHFIDENTIAL (FR) ^ „ ^ ^Q63 May 13, 19&3 Research Library " Table 1. Reserve Positions of Major Banks Reserve Period Ended May 1, 1963 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NIC 1. Reserve excess or deficiency (-) 48 16 2. Less: Carry-over reserve deficiency 5 3 2 3* Less: Borrowings from Reserve Banks 15 4. Less: Net Federal funds purchases or sales (-) 2/ 20 24 -5 ( 1) ( —) 15 __ ( --) 1 64 Four nanreserve . city TwrnksJ/ -209 -48 (-84) -184 208 43 ( 85) -5 4 43 ( 78) — — 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 following table. Figures in parentheses # 1*5.6.(a) C0HFU3EHTIAL (FR) Table 2. Federal Funds Activity of Major Banks . For the Week Ended. May 1# 19&3 (All figures are daily averages, in millions) Reserve city banks 45 reserve 0 New T o * 37 banks city banks City banks outside NIC Bear naueeserre city hanks 1. Gross transactions: a. With banks1: (l) Purchases (2) Sales (3J Net purchases or sales (-) b. With Government securities dealers: (l) Purchases (2) Sales (3) Net purchases or sales (-) 1,554 1,314 861 666 693 648 7 52 240 195 45 -45 51 271 51 17 254 3 -220 34 -254 -3 950 666 284 7 655 635 246 17 409 618 48 20 229 -209 -48 2. Total two-v»Y frfnf- a<?ti9^s2 3* Total net transactions 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). 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. Tttble 3 Daily Federal Funds Activity of Major Banks Week Ended May 1, 1963 (in millions of dollars) L.5.6(b) CONFIDENTIAL (FR) Reporting hanks and date Transactions with hanks l/ Effective rate [per cent) All respondents Purchases Sales 1,615 1,512 1,390 1,585 1,795 1,492 1,424 1,167 1,258 1,387 30 72 4o 48 21 337 285 214 273 233 781 779 807 903 942 864 805 623 729 874 1,048 930 574 628 679 -184 -125 49 101 195 30 72 40 48 21 25 10 15 31 18 607 598 516 618 555 368 333 260 238 421 36 145 87 61 70 332 188 173 177 351 306 270 199 242 214 174 181 290 284 386 495 467 346 479 448 943 743 432 498 538 -448 -276 -85 -19 -90 5 16 12 3 69 42 54 68 70 -69 -37 -38 -56 -67 Apr. Apr. Apr. Apr. May 25 26 29 30 1 945 858 736 809 956 618 734 589 649 607 Apr. Apr. Apr. Apr. May 25 26 29 30 1 669 648 638 763 835 811 653 524 540 709 Apr. Apr. Apr. Apr. May 25 26 29 30 1 37 Reserve City Banks Outside NYC 4 Nonreserve City Banks Net Net Net Two-way purchases sales of purchases or net trading of net sales buying selling 3/ (-) hanks hanks Sales 25 26 29 30 1 0 NYC Banks Total transactions Purchases Apr. Apr. Apr. Apr. May 3 / 2-7/8 3 3 3 Transactions with Government securities dealers 5 16 12 . . .5. 63 37 54 68 70 - - - - 6 5 " Borrowings from Reserve Banks 3 22 9 27 - - 3 22 9 27 1/ May Include modest amounts of transactions with other than domestic commercial hanks (e.g., foreign hank agencies, mutual savings hanks). 2/ Each day's offsetting purchases and sales hy the same hank. Note that gross purchases in the hank and Government securities dealer categories less two-way transactions equals net purchases of net buyl 5 hanks. Similarly, total http://fraser.stlouisfed.org/ gross ^.les less t^jp-vay transitions equals net saley>f net sel^ng hanks. ^ ^ ^ 9 Federal Reserve Bank of St. Louis
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