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L.6.2
November 28, 1962

CONFIDENTIAL (FR)

Table 1.
Reserve Position^ of Major Banks
Reserve Period Ended September 19> I962
(All dollar figures are daily averages, in millioog)

#

45 reserve
city banks

#

30

28

2

22

2. Less: Carry-over
reserve deficiency

4

3

1

--

Less: Borrowings
from Reserve Banks

5

--

5

--

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

1,06k

963

81

-1,043

-958

1
1
00
1X3 VI

1. Reserve excess or
deficiency (-)

3-

#

•

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

#

Four
nonreeerve
city banks!

Reserve city banks
8 New York
37 banks
outside NYC
City banks

-12 #

-27#

1/ Second half of reserve computation period.
2/ For details, see following table.




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L,6.2(a)
CQliPIDEUTIAL (PR)

Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended September 19# 1962
(All figures are daily averages, in millions)
Reserve city banks
37 banks
8 New York
45 reserve
outside NYC
City banks
city banks

1

Four
nonreserve
city banks

Gross transactions:
a. With banks"*":
(l) Purchases
(2) Sales
(3) Net purchases
or sales (-)
b.

With Government
securities
dealers:
(l) Purchases
(2) Sales
(3) Net purchases
or sales (-)

2. Total two-way transactions^

2,002
801

1,3*5
369

657
432

3
88

1,201

976

225

-85

47
184

30
23

17
l6l

-137

7

-144

651

392

259

1,398

983

415

3

- -

33*

88

81

-85

"

--

3. Total net transactions
a. Net purchases of
net buying banks
b. Net sales of net
selling tanks'
c. Net purchases or
sales (-)

334
1,064

983

1/ 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. 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 two-way transactions equals net sales of net selling banks.




Table 3
Dally Federal. Funds Activity of Major Banks
Week Ended. September 19, 1962
(in millions of dollars)

L.6.2(b)
CONFIDENTIAL (PR)

Transactions with
tanks l/
Reporting
banks
and
date

Effective
rate
[per cent)
Purchases

Sales

Transactions
with Government
securities
dealers
Purchases

Total transactions

Sales

Net
Net
Net
Two-way purchases sales of purchases
or
net
trading of net
sales
selling
buying
2/
(-)
banks
banks

Borrowings
from
Reserve
Banks

All respondents
488
1,350
551
247
799
65
. 792
. 1,773
Sept: 13
3
965
405
888
658
1,370
1,986
43
175
14
3 ,
1,005
182
694
1,330
325 *
•838
1,969
55
2 3/4
17
1,119
1,662
543
174
2,186
45
569
937
2 3/4
18
1,043
33
451
1,494
687
156
2,144
982
37
2 3/4
19
0 NYC Banks
953
323
1,211
65
51
271
953
Sept. 13
4
18
396
1,336
392
957
957
l4
889
889
430
56
30
1,289
374
17
1,182
1,182
18
361
1,509
343
35
18
985
4o8
28
20
• 1.013
4l6
27
1,395
19
37 Reserve City
Banks Outside NYC
- 118
164
485
515
562
195
397
Sept. 13
406
262
76
644
421
171
330
25
l4
440
264
126
165
24
275 '
680 .
304
17
21
458
10
156
508
207
479
676
18
162
477
278
n6
10
457
745
31?
19
4 Nonreserve City
Banks
36
36 '
36
Sept. 13
69
"I
- •
75
.
1
75
14
- 160
160
.160
17
85
85
85
18
- 105
108
108
3
3
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l/ May
modest amounts of transactions with other than domestic commercial banks (e.g., foreign tank agencies,
~~ mutual savings banks).
*2/
day's offsetting purchases and. sales by the same bank. Note that gross purchases In the bank and Government
securities Hmoimr 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.



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