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L.6.2
November 29, 1962

CONFIDENTIAL (FR)

Table 1.
Reserve Positions of Major Banks
Reserve Period Ended September 26, 1962
(All dollar figures are daily averages, in millions)

45 reserve
city banks
1,
2.

34.

5-

Reserve excess or
deficiency (-)

Pour
Reserve city banks
nonreserve .
37 banks
8 New York
outside NYC city banks:V
City banks

14

Less: Carry-over
reserve deficiency

5

Less: Borrowings
from Reserve Banks

88

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

7

7

1

5

--

35

53

--

795

674

121

-104

-874

-702

-172

105

--

Equals: Net basic
reserve surplus or
deficit (-):
a.

In millions of
dollars
b. As per cent of
average required
reserves

10$

%

2056

93#

l/ First half of reserve computation period.
2/ For details, see following table.




1

at

,

3

t'jtz

h III

L.6.2(a)
CQNDIEENTIAL (FR)
Table 2.
Federal Funds Activity
of Major Banks
For the Week Ended September 26, 1962
(All figures are daily averages, in millions)
Reserve city banks
45 reserve
8 New York
37 banks
city banks
City banks
outside NYC

Four
nonreserve
city banks

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

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

2. Total two-way transactions^

1,781
860

1,089
455

692
405

101

921

63k

287

-101

80
2C6

65
25

15
181

126

UO

-166

755

too

275

1,106

674

432

-

a# am

„

mm

3
-

3
--

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

311
795

— -

674

311

104

121

-104

1/ May include modest amounts of transactions with other than domestic commercial
banks (e.g., foreign bank agencies, mutual savings banks).
2/ Offsetting purchases and sales by the same bank. Note that gross par chases
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.




1.6.2(b)

Table 3
Daily Federal Funds Activity of Major Banks
Week Ended September 26, 1962
(in
of dollars)

CONFIDENTIAL (PR)

Transactions with
banks l/
Reporting
banks
and
date
All respondents
Sept. tiO
21
24

11

0 NYC Banks
Sept. 20
21
24
25
26
37 Reserve City
Banks Outside NYC
Sept. 20
21
2k

25
26
4 Nonreserve City
Banks
Sept. 20
21

Effective
rate
(per cent]

2
2
2
2
3

3A

3A

3/4
3A

.

1,769
1,984
1,658
1,593
1,494

911
1,121
-984
896
573

265
195
271
210
138

541
924
623
574
345

1,313
l,.l64
1,086
1,079
1,195

25
30
42
20

403

862
608
633
634
917

240
158
227
. 190
138

138

£
46

40
48
34

361

155

372
436
4o4
433
319

573
846
639

632
461

160
97
55

101

1

85

104

524

1,019
961
1,032

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

Sales

70

587

Total transactions

Purchases

378

1,196
1,137

2k

25
26

Sales

Purchases

Transactions
with Government
securities
dealers

87

15
16

11
11
11

617

635
392

632 *
531
367

678

772
454
548
828

7

2

307

198
198
195

.

450
556
453

445

277

29
12
578

862

608

492

l4l
5
5

629
912

475
288.
433
425
262

- 25
268
20
20
15

160

425
375
149

Borrowings
from
Reserve
Banks

-160

104
57
101
99

12

234

;

29

t44

-104

- 57

-101.
- 99

"U,

l/ May
modest amounts of transactions with other than domestic ccaanercial banks (e.g. , foreign bank 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 dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total
^ross sales less two-vay transactions equals net sales of net selling banks.