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W 1*6. CONFIDENTIAL (FR) - /) fx ^ 4 $ .,.f October 4, 1963 Table 1. Reserve Bro±*ions of Major Banks Reserve Period Ended September 25, 1963 (All dollar figures are daily averages, in millions) Reserve city banks 37 banks 45 reserve 8 New York outside NYC city banks City banks Your ncoareserve . city banks 1/ 1. Reserve excess or deficiency (-) 28 15 13 2. Less: Carry-over reserve deficiency 12 9 3 3. Less: Borrowings from Reserve Banks 2U3 80 163 21 4. Less: Net Federal funds purchases or sales (-) 2/ 498 409 89 -55 CXJ O1 -483 -242 4l -13 5 38 7 - - 5. Equals: Net basic reserve surplus or deficit (-): LTN CO a. In millions of dollars b. As per cent of average required reserves 1/ First half of reserve computation, period. 2/ For details, see follwoing table. e L. 5.6(a) CONFIDENTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week Ended. September 25, 1963 (All figures are daily averages, in millions) Reserve city banks 45 reserve 0 New Xoik 37 banks city banks City banks outside NIC Four nonseserve city banks 1. Gross transactions: a. With banks*1*: (l) Purchases (2) Sales (3) Net purchases or sales (-) 1 1 b. With Government securities dealers: (l) Purchases (2) Sales (3) Net purchases or sales (-) 2. Total two-way transactions2 1,682 975 898 528 784 447 4 47 707 370 337 -43 44 253 43 4 1 249 12 -209 39 -248 -12 763 437 326 963 504 459 4 465 95 370 59 498 409 89 -55 " 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 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. L.5.6(b) T&ble 3 Dally Federal Funds Activity of Major Banks Week Ended September 25, 1963 (in mill Ions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents Sept. 19 20 23 24 25 0 NYC Banks Sept. 19 20 23 24 25 37 Reserve City Banks Outside NYC Sept. 19 20 23 24 25 4 Nonresezve City Banks Sept. 19 20 23 24 25 Effective rate Transactions with banks if (per cent) Purchases 3 3 3 3 3 1/2 1/2 1/2 3/8 1/2 Transactions vith Government securities dealers Sales Purchases Sales 1,917 1,624 1,734 1,770 1,499 989 863 1,241 1,462 878 36 50 37 50 4o 241 303 246 231 232 1,042 917 891 818 783 468 486 669 786 315 36 50 32 50 35 875 707 843 942 701 479 332 528 621 508 - — — — — 10 15 4l 45 44 54 A — — — — 5 — — 5 — — - — — — — — — — Total transactions Net Net Net Two-way purchases sales of purchases net or trading of net buying sales selling 5/ banks (-) banks Borrowings from Reserve Banks 706 597 786 835 504 1,247 1,078 985 984 1,035 522 569 700 856 605 725 509 285 128 430 120 458 50 45 264 10 10 10 417 388 399 488 285 661 579 525 380 533 50 98 280 307 39 6ll 481 245 73 494 65 145 226 288 231 211 212 289 209 388 348 219 586 498 46l 594 487 415 4ll 370 484 501 171 87 91 110 -l4 55 288 25 20 179 55 59 48 63 6,3 -55 -59 -48 -53 -48 25 25 25 25 - - 15 15 5 10 10 — - - - — — — — — — — — - - 10 15 „ 60 — — 1/ May Include modest amounts of transactions vith other than domestic commercial hanks (e.g., foreign hank agencies, mhtual savings hanks). 2/ Each day's offsetting purchases and sales by the same hank. Note that gross purchases in the hank and Government sQfurities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total http://fraser.stlouisfed.org/ gross s^es less twcjgway transactions equal^net sales ^ net selli^ banks. # # 4| Federal Reserve Bank of St. Louis
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