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- FEDERAL RESERVE BANK of KANSAS CITY ; li * J o O NOV 2 1 CONFIDENTIAL (PR) • 1S63 rr, November 19 / 1 9 ^ 3 f — Research Ub .^ ~ Sable 1. Reserve Positions of Major Banks Reserve Period Ended November 6, 1963 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New York 37 banks city banks City banks outside NIC* # 1. Reserve excess or deficiency (-) • 8 2. Less: Carry-over reserve deficiency 3. Lees: Borrowings from Reserve Banks • 16 8 Four acmeserve . citrbanksi:/ 1 • - - 262 179 6@l Jm -8%7 -578 -269 —10 -16 -5 83 h k. less: Net Federal funds purchases or sales (-) 2/ zAl 5. Equals: Net basic • e reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves 64 0 l/ First half of reserve eompatatioa period* 2/ For details, see following table» * The Harris Trast and Savings Bask, Ohieago, has been aided to the series em4 %&» Citi$®M National Bank, Los Angeles, which merged witl Crocker-Anglo Natioml # . Bank, San F$aa@is@o, has beem dmleted. L«5«6(a) COHFIDEHTIAL (FR) Table 2. Federal Funds Activity of Major Batiks For the Week Ended November 6, 1963 (All figures are daily averages, in millions) Reserve city banks 45 reserve 0 New York 3? banks city banks City banks outside NIC e Sour nonaeserre city tanks 1. Oxoss transactions: f a. With banks^": (1) Purchases (2) Sales (3) Net purchases or sales (-) % • 2. # # b. With Government securities dealers: (1) Purchases (2) Sales (3) Net purchases or sales (-) Total two-way transactions2 1,928 1,240 989 620 939 620 2 65 688 369 319 -63 39 126 39 1 125 4 -87 38 -125 -4 857 463 394 2 1,110 565 545 509 158 351 67 601 407 194 -67 — — — c-> 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 veek'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. November 6, 1963 (in millions of dollars) L.5.6(b) CONFIDENTIAL (FR) Reporting banks and. date All respondents Oct. 31 Nov. 1 4 5 0 NYC Banks Oct. 31 Nov. 1 4 5 6 37 Reserve City Banks Outside NYC Oct. 31 Nov. 1 4 5 6 4 Nonreserve City Banks Oct. 31 Nov. 1 4 5 6 Transactions with banks l/ Effective rate (per cent) 3 1/2 3 1/2 3 l/2 1 $ Purchases Sales Transactions with Government securities dealers Purchases Sales 1,712 1,724 2,045 1,962 Pr6?i 1,375 1,215 1,3^9 1,201 8 ^3 4o 4o 56 208 155 93 815 925 984 984 1,368 695 564 549 549 852 8 %3 40 4o 53 5 882 798 1,062 978 1.254 628 599 718 569 628 15 53 51 83 83 83 3 8 203 l46 93 96 46 9 Total transactions Net Net Net purchases sales of Two-way purchases or net trading of net sales buying selling 5/ banks banks H Borrowings from Reserve Banks 633 742 815 766 1.153 1,087 1,024 1,271 1,236 1,524 950 626 626 137 398 645 706 1,068 177 285 396 321 115 3^ 459 376 376 676 479 510 648 745 356 105 172 172 175 123 405 476 476 570 165 150 300 300 37 289 284 439 390 477 593 515 623 588 779 540 46l 371 274 197 53 15 w 6kQ 59 82 82 82 54 135 90 15 71 -37 -59 =82 -82 -82 12 252 314 582 6 6 7 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 gross s&Les less twg-way transactions equals net sales net selling banks.
@FedFRASER