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L-5-6 CONFIDENTIAL (FR) federal « s s r ^ ' a kamsas G T Y n k November 22, 1963 NOV 2 9 1663 rr r — Peseerrrfr hb * *i Table 1. Reserve Positions of Major Banks Reserve Period Ended November 13, 1963 (All dollar figures are daily averages, in millions) Reserve city banks 45 reserve 8 New Xoik 37 banks city banks City banks outside NYC 1. Reserve excess or deficiency (-) Pour nanreserve . city banksj:/ 73 53 20 2. Less: Carry-over reserve deficiency 3 2 1 3. Less: Borrowings from Reserve Banks 160 100 60 4 ( 4) 4. Less: Net Federal funds purchases or sales (-) 2/ 1,103 553 550 -82 (-75) -1,193 -602 -591 79 ( 72) -14 -17 -11 69 ( 64) 1 ( 1 ) ( --) 5. Equals: Net basic reserve surplus or deficit (-): a. In millions of dollars b. As per cent of average required reserves l/ Second half of reserve computation period. Figures in parentheses are those for the full reserve period. 2/ For details} see following table. L-5-6M CONFIDEMTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended, November 13, 1963 (All figures are dally averages, In millions) Reserve city banks 45 reserve ti New York 37 banks city banks City banks outside NYC Four nonseserve city banks 1. Gross transactions: a. With banks'1-: (1) Purchases (2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (1) Purchases I2S Sales (3) Net purchases or sales (-) 2. Total two-wav transactions2 2,318 1,247 1,165 68.1 1,_071 lp 566 98 484 587 -81 70 38 70 1 37 l 32 69 -37 -1 1,052 662 390 - ™ 1,336 573 763 17 233 20 213 99 1,103 553 550 -82 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 them 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 twoway transactions equals net sales of net selling banks. Table 3 Daily Federal Funds Activity of Major Banks 1963 Week Ended November (in millions of dollars) L. 5.6(b) CONFIDENTIAL (gR) Reporting banks and date Effective rate (per cent)Purchases All respondents Nov. 7 8 11 12 11 0 NYC Banks Nov. 1/2 1/2 1/2 1/2 2,127 2,204 2,172 3,144 2,292 Net Net Net Two-way purchases sales of purchases net or trading of net sales buying selling 5/ banks (-) banks Borrowings from Reserve Banks 1,361 l,l4o 1,185 2,019 1,428 42 98 98 23 32 80 20 20 32 86 556 880 928 1,184 1,156 1,313 1*422 1,342 1,983 1*168 584 279 276 866 357 729 1,143 1,066 1,117 811 100 263 192 50 20 816 570 570 885 784 42 98 98 23 32 495 637 637 991 350 223 195 92 272 637 637 796 258 100 150 150 10 593 570 570 689 701 70 20 20 32 76 263 309 358 494 455 823 766 685 980 798 281 170 167 557 200 532 596 518 423 598 5 20 78 108 108 112 63 -73 -88 -88 1,076 1,075 1,043 1,474 1,253 476 460 506 1,021 580 7 '5 20 20 12 20 69 109 109 123 64 13 dealers Sales 7 8 11 12 13 8 11 12 Total transactions securities Purchases 1,046 1,109. 1,109 1,657 1,018 4 Nonreserve City Banks Nov. 3 3 3 3 3 Transactions vith Government Sales 7 8 11 12 13 37 Reserve City Banks Outside NYC Nov. Transactions vith banks 1/ " 10 «=» - 20 12 20 -100 -43 113 42 30 11 20 9 i/ May include modest amounts of transactions vith other than domestic commercial banks (e.g., foreign bank agencies, mutual savings banks). £/ Each day's offsetting purchases and sales by the same bank. Note that gross purchases in the bank and Government dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total Digitized for securities FRASER , gross sales less two-way transactions equals net sales of net selling banks. http://fraser.stlouisfed.org/ #St. Louis # # # # # # w # • Federal Reserve Bank of
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