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.