Full text of L.5.6 Reserve Positions of Major Banks : May 3, 1963

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1.5-6

CONFIDENTIAL (FR)

3

^

'

1963

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended April 2h, 1963
(All dollar figures are daily averages, in millions)
Reserve city banks
37 banks
45 reserve I 8 New York
outside NYC
city banks I City banks
1. Reserve excess or
deficiency (-)

8

2. Less: Carry-over
reserve deficiency

2

3. Less: Borrowings
from Reserve Banks

83

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

5

Pour
Htimseserve ,
city banks*/
6

3
2

- -

13

TO

- -

381

388

zl

-458

-396

-62

127

-5

-11

-1

114

- -

-121

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.




FEDERAL RESERVE BANK
of KANSAS CITY
MAY 1 0 1963

Research Library

CONFIDENTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks ,
For the Weak Ended April 24, 1963
(All figures are dally averages, In millions)

•

Reserve city banks
45 reserve ti New York
37 banks
city banks City banks
outside NIC

Four
noaseserre
city banks

1. Gross transactions:
#

#

•
•

#

a. With banks"1-:
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)
b. With Government
securities dealers:
(l) Purchases
(2) Sales
(3) Net purchases or
sales (-)
2. T?WL tFre-w
a<?14w 2

l, 703
1,130

953
597

750
533

111

573

356

217

-111

4o

2

232

38
6

226

10

-192

32

-224

-10

790

560

230

- -

953

431

522

«m» tm

572

43

529

121

381

388

-7

-121

mm mm

<M» *

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. Bote 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.



Table 3
Daily Federal Funds Activity of Major Banks
Week Ended April 24, 1963
(in minions of dollars)

L. 5.6(b)

CONFIDENTIAL (FR)

Transactions with
banks l/
Reporting
banks
and
date
All respondents
Apr. 18
19
22
23
24

ti NYC Banks

Effective
rate
(per cent)

Purchases

3
3
3
3
3

1,850
1,700
1,747
1,783
1,438

Sales

298

584

21
53
42
22
23

25

935
993
835
959

625
682
676

Apr. 18

774

19
22
23
24

765
753
948
478

503
551

Apr. 18
19
22
23
24

Sales

21
56
45
22
23

1,076

4 Nonreserve City
Banks

Purchases

1,288
1,284
1,391
1,3^8
829

Apr. 18
19
22
23
24

37 Reserve City
Banks Outside NYC

Transactions
with Government
securities
dealers

370

568
595
415

201
108
l4l
77

3
3

266
215
220
164

15
5

260
255
194
205
159

Total transactions
Net
Met
Het
purchases
sales
of
purchases
Two-way
or
net
trading of net
sales
selling
buying
2/
(-)
banks
banks
701
688
761
840

561
513
524
524
602
372

187

6

583
463
511
255

6ll
586

.

884
861
845

285
185

5
10

728

237
468

515

432
95
100

172
73

3

575
642
525

164
237

6o4
519

238
189

710

562

289

385

13
11
15

1,169
1,067
1,030
965
900

- -

Borrowings
from
Reserve
Banks

214
119
147

92
43

206

45

488
363
339

182
608
11
-38
-6
148
-96

-214
-119
-147
-92
-43

93

5
10

45
422

— 0OT

JNOTti: JLieuaiJJS may UUU wm vu uvoo,jl» uwo,i*o<* v*
l/ May
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. Bote that gross purchases in the bank and Government
~~ securities
categories less two-way transactions equals net purchases of net buying banks. Similarly, total

gross sales less two-way transactions equals net sales of net selling banks.