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F£ L.5.6 0 °£Ral C0HF3DEHTIAL (FR) KA\i October 11, 1963 Reserve iKSMpsions of Major Banks Reserve Period Ended. October 2, 1963 0 (All d o l l a r f i g u r e s a r e d a i l y averages, i n m i l l i o n s ) Reserve c i t y banks 37 "banks 8 New York 45 reserve outside NYC C i t y banks c i t y banks • 1. # # Reserve excess o r deficiency (-) Four nanreserve c i t y banks^/ - 6 ( 1 ) 19 13 6 Less: Carry-over reserve deficiency 5 3 2 3. Less: Borrowings front Reserve Banks 199 70 129 12 ( 17) k. Less: Net F e d e r a l funds purchases o r sales (-) 2/ 48o 260 220 -84 (-70) -665 -320 -3^5 66 ( 54) -7 -9 -7 61 ( 50) 2. ( —) 5. Equals: Net b a s i c reserve surplus o r deficit (-): e a. b. • I n m i l l i o n s of dollars As p e r cent of average r e q u i r e d reserves 1 / Second h a l f of reserve computation p e r i o d . F i g u r e s i n parentheses are those f o r the f u l l reserve period. 2 / For d e t a i l s , see f o l l o w i n g t a b l e . L. 5.6(a) >CONFIDENTIAL (FR) Table 2 . F e d e r a l Funds A c t i v i t y of Major Banks For t h e Week Ended October 2, 1963 (All f i g u r e s a r e d a i l y averages, i n m i l l i o n s ) Reserve c i t y banks 37 banks 8 New York 4-5 r e s e r v e o u t s i d e NIC C i t y banks c i t y banks 1. Gross t r a n s a c t i o n s : a. b. 1 2. 3. 1 With banks 1 : (1) Purchases (2) Sales (3) Net purchases or sales (-) With Government securities dealers: (1) Purchases (2) Sales (3) Net purchases o r sales (-) T o t a l two-way t r a n s actions2 825 618 886 1,065 447 2 80 646 207 439 -78 65 231 65 12 219 6 -166 53 -219 -6 893 522 371 883 368 515 2 403 108 295 86 too 260 220 -84 1,711 - - — - Total net transactions a. b. > lour nonxeserve c i t y banks c. Net purchases of n e t buying banks Net sales of net s e l l i n g banks Net purchases o r sales (-) l / May include modest amounts o f t r a n s a c t i o n s w i t h o t h e r than domestic commercial banks ( e . g . , f o r e i g n bank agencies, mutual savings b a n k s ) . 2 / Each week's o f f s e t t i n g purchases and s a l e s by t h e same bank. Note t h a t gross purchases ™" i n t h e and Government s e c u r i t i e s d e a l e r c a t e g o r i e s l e s s two-way t r a n s a c t i o n s equals n e t purchases of n e t buying banks. S i m i l a r l y , t o t a l gross s a l e s l e s s twoway t r a n s a c t i o n s equals n e t s a l e s of n e t s e l l i n g banks. I Table 3 D a l l y F e d e r a l Funds A c t i v i t y of Major Banks Week Ended. October 2, 1963 ( i n m i l l i o n s of d o l l a r s ) L. 5.6(1?) CONFIDENTIAL (FR) Reporting banks and date A l l respondents Sept. 26 27 30 Oct. 1 2 0 NYC Banks Sept. 26 27 30 Oct. 1 2 37 Reserve C i t y Banks Outside NYC Sept. 26 27 30 Oct. 1 2. 4 Nonreserve C i t y Banks Sept. 26 27 30 Oct. 1 2 Effective rate (per cent) 3 3 3 3 3 1/2 1/2 1/2 1/2 1/2 Transactions with banks 1 / Purchases 1,512 1,689 1,349 2,250 1.812 Sales Purchases Sales 1,113 1,139 50 106 15 18 48 265 865 1,585 1.043 750 932 514 877 840 575 584 597 953 447 747 757 446 455 836 1,374 971 15 ** cs= «•> 252 535 540 92 100 16 98 am Transactions w i t h Government securities dealers 50 106 15 18 48 — — — —— °*> — mm mm mm mo cm mm = ~ ~ — —— Total transactions Net Net Net Two-way purchases s a l e s of purchases or net t r a d i n g of net buying s ales s e l l i n g 5/ (-) banks banks 790 583 420 222 179 284 258 587 778 623 1,065 857 1,203 1.003 803 10 10 22 10 10 365 51.4 383 659 377 436 525 145 235 512 220 80 245 223 264 240 406 480 524 493 596 467 396 20 6 157 264 246 975 1,018 741 442 235 303 79 168 968 392 305 - — — 15 <**> — — -= — —— «= =o 10 — — —— 00 - - 101 105 15 107 57 10 6 2 Q 491 185 435 321 4oo 561 216 445 -90 -68 433 Borrowings from Reserve Banks 253 291 10 16 325 115 55 - - - - 208 57 97 428 576 186 113 -86 25 10 10 10 10 -105 -15 -107 -57 226 6 107 l / May Include modest amounts of t r a n s a c t i o n s w i t h o t h e r them domestic commercial banks ( e . g . , f o r e i g n bank a g e n c i e s , mutual savings b a n k s ) . 2 / Bach d a y ' s o f f s e t t i n g purchases and. s a l e s by t h e same bank. Note t h a t gross purchases i n t h e bank and Government s e c u r i t i e s d e a l e r c a t e g o r i e s l e s s two-way t r a n s a c t i o n s equals n e t purchases of n e t buying banks. S i m i l a r l y , t o t a l http://fraser.stlouisfed.org/ groe@ s a l e s lesqgtwo-way t r a n s a c t i o n s eqpals n e t sa^ps of n e t s e l l i n g b a n k s ^ * Federal Reserve Bank of St. Louis
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