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,'L.*5.6 C O N F I D E N T I A L R E S E R V E BANK September 2"], 1963 of KANSAS CITY OCT 4 1963 Table 1. Research tfrnGfy Positions of Major Banks Reserve Period Ended September 18, 1963 (All dollar figures are daily averages, in millions) Reserve city banks 37 tanks 45 reserve 3 Heir York outside NYC city banks City banks 1. Reserve excess or deficiency (-) -10 -3 -7 Four nonreserve . city banks2:/ -4 ( X) 2. Less: Carry-over reserve deficiency 3 3. Less: Borrowings front Reserve Banks 121 k2 79 11 ( 13) Less: Net Federal funds purchases or sales (-) 2/ 672 822 -150 -80 (-69) -806 -86 7 61 65 ( 57) -9 -2b 1 62 (53) k. - - ( —) 3 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. are those for the full reserve period. 2/ For details, see following table. Figures in parentheses L.5-6(a) CONFIDEHTIAL (FR) Table 2. Federal Funds Activity of Major Banks For the Week BaSed, September 18, 1963 (All figures are daily averages, in millions) Reserve city banks 37 banks 4$ reserve b Hew York outside NIC city banks City banks Eoar noneeserve oity banks 1. Gross transactions: ' ^ I a. With banks'*-: (1) Purchases f2) Sales (3) Net purchases or sales (-) b. With Government securities dealers: (1) Purchases f2) Sales |) Net purchases or sales (-) 2. Total two-way transactions'^ 4 2,047 986 1,188 395 859 591 72 1,061 793 268 -68 4o 429 38 9 420 12 -389 29 -4l8 -12 816 4o4 412 1,271 822 449 2 3* Total net transI actions' I a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 599 672 822 599 80 -150 -80 l/ May include modest amounts of transactions with other them 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 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. f L-5-6(b) Table 3 Daily Federal Funds Activity of Major Banks Week Ended September 18, 1963 (in millions of dollars) CONFIDENTIAL (FR) Reporting banks and date All respondents Sept. 12 13 16 17 18 ti NYC Banks Sept. 12 13 16 17 18 Transactions with banks 1/ Effective rate (per cent] 3 1/2 3 1/2 3 1/2 3 1/2 3 Purchases 1,723 1,994 1,958 2,532 2,167 997 1,098 l, 2i4 1,630 1*184 37 Reserve City Banks Outside NYC Sept. 12 13 16 17 18 4 Nonreserve City Banks Sept• 12 13 16 17 18 725 886 743 902 983 10 Sales Transactions with Government securities dealers Purchases 925 1,049 843 1,305 1,201 23 284 23 50 477 174 354 529 55 38 56 38 56 622 543 5 556 785 549 19 29 113 167 122 SQJLbs 362 374 580 592 426 20 4o 344 364 565 557 381 18 10 - ~ 15 15 5 Total transactions Net Net Net purchases sales of Two-way purchases or net trading of net sales buying selling 2/ (-) banks banks 595 889 596 742 931 284 477 174 364 525 311 412 422 378 4o6 1,151 1,160 1,362 1,828 1,292 691 533 1,154 695 535 674 597 827 133 150 106 229 15 736 736 671 47 i,o4i 1,304 715 i,o4i 20 671 4i4 479 322 525 577 9 44 1,295 671 654 494 699 -240 -15 -377 -437 54 962 523 36 - - 460 627 Borrowings from Reserve Banks 10 38 127 181 126 -36 -28 -127 -l8l -126 115 118 78 86 114 25 NOTE: Details may not add to totals because of rounding. 1/ May modest amounts of transactions with other than domestic commercial banks (e.g., foreign bank agencies, mutual savings banks). 2/ Each day's offsetting purchases and sales by the same bank. Note that gross purchases In the bank and Government Digitized for * ~FRASER securities dealer categories less two-way transactions equals net purchases of net buying banks. Similarly, total http://fraser.stlouisfed.org/ grossfeales # # # Federal Reserve Bank of St. Louis less #tro-vay transactions equBls net sal# of net selling banks.#
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