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L»5»6 c f v CONFIDENTIAL (PR) , " ^ ; c BANK November 1, 1963 - CITY, ' 1563 •fv> / / 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# grog#St. Louis # Federal Reserve Bank of 23
