TABLE VIII-42.-Turnover ratios for stock portfolios of selected institutions (by type of institution, 1960–61) 1 The weighted average turnover ratios for the institutional groups and for all groups combined were computed by weighting the ratio for each fund by the average value of its stock portfolio for the year involved. NOTE. Turnover ratios for the individual funds were computed as the lesser of purchases or sales for the year divided by the average of the beginning and end of year port. folio holdings at market va ue. TABLE VIII-43.—Estimate of over-the-counter sales of NYSE stocks (1961)1 Sales reported by 33 firms in sample?. Total estimated sales........ 1 Excludes stocks on exchange's exempt list. Excludes 4 firms which were sent Questionnaire OTC-6 but which started trading over the counter in 1962. Includes sales reported by the firms for their own account as principal and for the account of others as agent. Estimated at 10 percent on basis of Jan. 18, 1962 sales. It was estimated that the 33 firms in the sample were responsible for 75 percent of the trading. This was based on their proportion of trading on Jan. 18, 1962, as shown in Questionnaire OTC-3 which covered all broker-dealers. TABLE VIII-44.-Over-the-counter sales of NYSE stocks compared with total over-the-counter sales and with total sales on the NYSE (1961) TABLE VIII-45.-Distribution of NYSE common stocks by number of over-thecounter markets made (1961)1 1 All stocks reported by 13 registered broker-dealers who made markets in these stocks; 2 of the 13 firms made a total of only 4 markets. TABLE VIII-46.-Number of NYSE stocks for which markets were made by 7 largest market makers (1955, 1961, and 1962) 1 1 Through September 1962. Stocks shown in 1955 and 1961 include those for which OTC markets were made during any part of the year. TABLE VIII-47.—Number of markets made by broker-dealers in sample of NYSE 1 stocks (1961) 1 1 Sample was selected by taking all stocks with initial "A." firms who made markets in these stocks. 22442 6413 Broker-dealers include 13 Common or capital stock. Stocks shown include those for which OTC markets were made during any part of the year. TABLE VIII-48.—Distribution of NYSE common stocks traded over the counter by volume on the NYSE1 1 All stocks reported by 13 registered broker-dealers who made markets in these stocks. TABLE VIII-49.-Distribution of all NYSE common stocks and NYSE common stocks traded over the counter by number of shareholders, number of shares outstanding, market value of shares outstanding, and assets of issuer (end of 1961) 1 Based on 270 stocks reported by 13 registered broker-dealers who made markets in these stocks. "Central two-thirds" excludes one-sixth of the stocks at each extreme. It should be noted that NYSE requirements refer to shares outstanding exclusive of concentrated or family holdings rather than the total used here; to shareholders of over 100 shares rather than all shareholders as used here; and to net tangible assets rather than the total asset figures used here. TABLE VIII-50a.-Transactions in NYSE stocks purchased and sold over the counter by 7 largest market makers, classified by size of transaction (weeks ended Mar. 24, 1961, Jan. 19 and June 1, 1962)1 1 Includes transactions in selected stocks reported on Questionnaire OTC-6 in which the firms did not make markets, as well as those in which they did; includes purchases and sales for their own account and for the account of others. TABLE VIII-50b.-Shares of NYSE stocks purchased and sold over the counter by 7 largest market makers, classified by size of transaction (weeks ended Mar. 24, 1961, Jan. 19, and June 1, 1962)1 1 Includes transactions in selected stocks reported on Questionnaire OTC-6 in which the firms did not make markets, as well as those in which they did; includes purchases and sales for their own account and for the account of others. |