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L»5»6

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CONFIDENTIAL (PR)

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BANK

November 1, 1963

- CITY,
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1.
Reserve Positions of Major Banks
Reserve Period Ended October 23, 1963
(All dollar figures are daily averages, in millions)
Reserve city banks
37 banks
45 reserve 8 New York
outside NYC
citor banks City banks
1. Reserve excess or
deficiency (-)

3

17

ih

Four
BCtnieserve .
city bank*!/
"

2. Less: Carry-over
reserve deficiency

3

3. Less: Borrowings
from Reserve Banks

221

121

100

11

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

kk2

218

124

-28

-649

-436

-213

17

-8

-13

-4

15

--

3

- -

5. Equals: Net basic
reserve surplus or
deficit (-):
a. In millions of
dollars
b. As per cent of
average required
reserves

1/ First half of reserve camputation period.
2/ For details, see following table*




V

>

L. 5.6(a)

^OMFIDEHTIAL (FR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended October 23, 1963
(All figures are daily averages, in millions)
Reserve city banks
45 reserve ti New York
37 banks
city banks City banks
outside NYC

Four
nonseserve
city banks

Gross transactions;

k

a. With banks*:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)
b. With Government
securities dealers:
(1) Purchases
(2) Sales
(3) Net purchases or
sales (-)

2.

Total two-way transactions2

1,904
l,4o4

1,033

ibo

871
664

19
38

500

293

207

-19

37
95

37
12

83

9

-58

25

-83

-9

1,023

651

372

918

419

499

19

476

101

375

47

442

318

124

-28

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/ Bach 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 twonay transactions equals net sales of net selling banks.



Table 3
Daily Federal Funds Activity of Major Banks
Week Ended October 23, 1963
(in millions of dollars)

1.5.6(b)

CONFIDENTIAL (PR)

Reporting
banks
and
date
A H respondents
Oct. I?

18

21
22

23

a NYC Banks
Oct. T T ~

18

21
22
23
37 Reserve City
Banks Outside NYC
Oct,

T
?

18
21
22

Effective
rate

Transactions with
banks 1/

(per centl

Purchases

3 1/2
3 1/2

1,558

3 1/2
3 1/2

2,058
1,895

3 1/2

1,928

2,167

871

1,072
1,143
1,131
873

688

836

994
897

Sales

1,382
1,537
1,734

55

302
100

28

45

28
36

384
719
791

55

896

953

6l6
626
702

,012

18

20

31
36

30
30

Sales

1,652

23

21
22

Purchases

1,031

796
657

4 Nonreserve City
Banks
OcE. 17

Transactions
with Government
securities
dealers

44
42
42

28
28
36

Total transactions
Net
Het
Net
Two-way purchases sales of purchases
net
or
trading of net
sales
buying selling
5/
(-)
banks
banks
618
850

713

228

536
843
479

610
308
483
4o4
350
244
-58

1,048
935
1,203

941
1,133
1,146
1,151
727

5
5
30

378

493

682

488

10
158
138

15

770

139

248
197

277

240
285

448
551

421

268

629

48

31

20

81

565

667

18

366

16

433

14

25

20

562

492

628
578

20
30
30

630

651
354
552
239
50
49
43
4l
4l

503

248

-203
130
274
77
339
-50
-29
•13
•11

10
10
•31
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/ sales les^two-way tr#sactions eqpals net sa%ps of net selling banks#
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Federal Reserve Bank of
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