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L-5.6

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May 25, 1964

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Reserve Positions of Major Banks
Reserve Period Ended May 13, 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
3. Less: Borrowings
from Reserve Banks

•

#

e

k.

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

35

-

-

18

17

Four
acmeseirve .
city banks.!/
2

(

--)

( --)

- -

- -

82

11

71

( --)

71

290

-219

-114 (-105)

-118

-283

165

116 (105)

-1

-8

3

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<. Figures in parentheses
are those for the full reserve period.
2/ For detailSj, see the following table.

e

e




104

( 95)

1.5.6(a)
CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended. May 13, 1964
(All figures are daily averages, in millions)

•

Reserve city banks
45 reserve 0 New York
37 banks
city banks City banks
outside NYC

Four
nonseserve
city banks

1. Gross transactions:
a. With banks"1-:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)

9

#

b. With Government
securities dealers:
(l) Purchases
(2.) Sales
(3) Net purchases or
sales (-)

#

2. Total two-way transactions2

1,459
1,166

780

526

679
640

103

293

254

39

-103

270

48

48
12

258

11

-222

36

-258

-11

904

493

4il

603

335

268

532

45

487

114

71

290

-219

-114

- -

- -

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).
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.




^5.6(b)

•

CONFIDENTIAL (ER)

Reporting
banks
and
date
All respondents
May 7

4

•
•
«i. r
•
Dally Federal Funds Activity of Major Banks
Week Ended May 13, 1964
(in millions of dollars)

Effective
rate

Transactions with
banks l/

(per cent; Purchases

3
3
3
3
3

1/2
1/2
1/2
1/2
1/2

Sales

Transactions
with Government
securities
dealers
Purchases

Sales

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

Borrowings
from
Reserve
Banks

1,275
1,423
1,486
1,420
1,761

1,258
1,090
1,342
1,362
1,657

22
75
23
23
^3

33^
361
235
152
169

787
703
837
903
1,106

511
795
673
540
699

805
747
739
610
720

-294
48
-66
-70
-21

8
11
12
13

691
790
733
717
950

465
417
639
628
694

22
75
23
20
43

10
10
10
10
30

466
427
431
484
560

247
437
325
253
433

9
217
152
162

238
437
108
101
271

75

8
11
12
13

585
634
753
703
811

647
563
574
656
922

304
341
215
132
129

321
276

264
357
348
287
266

629
627
383
368
504

-365
-270
-35
-81
-238

40
121
35
47
13

165
119
137
88
51

-165
-119
-137
-88
-51

8
11
12
13

ti NYC Banks
May 7

37 Reserve City
Banks Outside NYC
May 7

4 Nonresexve City
Banks
May 7

— —

- —

3
-

-

146
110
128
79
42
NOns: Details mav not add. to totals he .11 nf rY i r ' n « 1
Ymif r
m
H
8
11
12
13

- -

- —

- -

-

-

— —

20
10
10
10
10

4o6

419
545

*- —

— —

- -

— —

-

— —

—

— «»
•

— —

—

- -

-

40
121
110
47
13
mm mm

— —

mm mm
— —
** **•
* » •»
"

"

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-vay transactions equals net purchases of net buying banks. Similarly, total
http://fraser.stlouisfed.org/
gross of St. Louis
Federal Reserve Banksales less two-vay transactions equals net sales of net selling banks.