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L.4.1 CONFIDENTIAL (FR) April 22, 1968. SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF March 27, 1968 Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System. # # TABLE # 1 1/ MATURITY DISTRIBUTION OF OUTSTANDING WEEKLY AS CO's MATURING 1968 MARCH 1969 CERTIFICATES OF DEPOSIT AT R E P O R T I N G BANKS OF AMOUNT ( M I L L I O N S OF DOLLARS) IN TIME 27 MAR 1968 PERCENTAGE D I S T R I BUT I O N CUMULATIVE PERCENTAGE SALES S I N C E P R E V I O U S MONTH 2 / ( M I L L I O N S OF D O L L A R S ) 775.7 3.8 3.8 .0 APRIL 6,411.6 31.2 35.0 1,545.5 MAY 3,296.6 16.0 51.0 728.7 JUNE 3,426.8 16.7 67.7 1 ,185.2 JULY 2,0 15.9 9.8 77. 5 415.1 AUGUST 1,236.6 6.0 83. 5 206.4 SEPTEMBER 957.1 4.7 88.2 490.4 OCTOBER 477.3 2.3 90.5 82.2 NOVEMBER 283.6 1.4 91.9 25.1 DECEMBER 309.2 1.5 93.4 47.8 JANUARY 375.4 1.8 95.2 19.4 FEBRUARY 241.3 1.2 96.4 24.7 MARCH 203.6 1.0 97.4 201.9 543.4 2.6 100.0 XXX 20,554.1 100.0 XXX 4,972.5 OVER 28 12 - 31 MONTHS TOTAL TAX (MEMORANDUM: INCLUDES ONLY CERTIFICATES IN 2 / FRASER SEE T E C H N I C A L A P P E N D I X A . Digitized for http://fraser.stlouisfed.org/ 3/ SBank A L E of S St. OFLouis C D ' S MATURING AFTER Federal Reserve DENOMINATIONS 11 MONTHS. AND DIVIDEND MATURITIES) XXX XXX XXX 1.4 2.0 6.0 293.3 417.6 1,242.9 JUNE 1 0 JUNE 17 A P R I L 15 1/ NEGOTIABLE OF $100,000 OR MORE ISSUED BY WEEKLY 206.5 REPORTING BANKS. 3/ TABLE 2A 1/ MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT NEW YORK C I T Y , CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 27 MAR 1 9 6 8 ( I N MILLIONS OF DOLLARS) SALES SINCE PREVIOUS MONTH 2 / - AMOUNT - SALES SINCE PREVIOUS MONTH 2 / - - OTHER WEEKLY REPORTING BANKS AMOUNT SALES SINCE PREVIOUS MONTH 2 / MATURING IN AMOUNT MAR 2 8 - MAR 3 1 245.2 .0 76.4 .0 454.1 .0 APR I L 2,077.4 561.6 440.3 66 . 9 3, 893.9 915.7 MAY 1,066.5 303.3 222.2 40.6 2,007.9 385.1 JUNE 1,287.9 378.2 266.5 80.6 1,872.4 726.9 JULY 625.9 169.5 221.9 48.3 1,168.1 197.2 AUGUST 369.8 88.5 81.1 10.2 785.7 107.1 SEPTEMBER 219.4 95.5 96.3 52.0 641.4 343.7 OCTOBER 133.1 25.4 48.8 16.9 295.4 40.3 NOV EMBER 83.9 4. 6 18.8 1.0 180.9 19.5 DECEMBER 60.4 20.4 10.9 4.5 237 .9 23.4 JANUARY 92.2 2.0 21.4 .1 261.8 17.1 FEBRUARY 42.2 1.3 26.3 .5 172.8 22.9 MARCH 44.2 53.6 13.6 10.3 145 .8 138.6 1 04.9 XXX 23.3 XXX 415 .2 XXX 6,453.0 1 ,703.9 1, 5 6 7 . 8 331.9 12 ,533 . 3 2 ,937.5 OVER 12 MONTHS TOTAL * /3 (MEMORANDUM: JUNE 10 JUNE 17 APRIL 15 114.0 198.2 482.4 1/ INCLUDES ONLY C E R T I F I C A T E S 2/ SEE TECHNICAL APPENDIX A . 3/ SALES OF C D ' S MATURING AFTER TOTALS MAY NOT ADD DUE TO ROUNDING. 241 TAX AND D I V I D E N D M A T U R I T I E S ) 18.0 69.6 I N DENOMINATION OF 5 1 0 0 , 0 0 0 11 MONTHS. /3 11 12 NUMBER OF REPORTING BANKS . * ALL CHICAGO NEW YORK CITY 23.2 108.3 8.2 CR MORE ISSUED BY WEEKLY REPORTING BANKS. 161.9 196.6 653.3 129.1 Z3 # T Al /VolE # 2B # # 1/ MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING CITY , CHICAGO, AS OF 27 NEGOTIABLE AND MAR ALL 1968 (PERCENTAGE OTHER AND 2 8 MATURING WEEKLY FEB REPORTING OF AT 1968 ALL CHICAGO 27 FEB 28 MAR 27 FEB OTHER 28 MAR FEB 3.8 1.9 4.9 2.9 3.6 2.2 32.2 30.2 28.1 30.5 31.1 25.8 0—6 D A Y S 2 / 01 MONTHS 02 MONTHS 16.5 22.8 14.2 21.5 16.0 23.4 03 MONTHS 20.0 11.5 17.0 10.4 14.9 12.8 04 MONTHS 9.7 13.7 14.2 10.7 9.3 9.0 05 MONTHS 5.7 6.9 5.2 10.0 6.3 7.6 06 MONTHS 3.4 4.2 6.1 4.1 5.1 5.3 07 MONTHS 2.1 1.9 3.1 2.5 2.4 2.3 08 MONTHS 1 .3 1.6 1.2 1.8 1.4 2.0 09 MONTHS .9 1.2 .7 1.0 1.9 1.3 10 MONTHS 1.4 .6 1.4 .4 2.1 1.7 11 MONTHS .7 1.4 1.7 1.2 1.4 1.9 12 MONTHS .7 .6 .9 1.5 1.2 1.2 1.6 1.4 1.5 1.5 3.3 3.3 100.0 100.0 100.0 100.0 100.0 100.0 OF OR MORE OVER 12 TOTAL 3/ 28 MAR DEPOSIT BANKS IN 27 1/ CERTIFICATES DISTRIBUTION) NEW YORK C I T Y CD'S TIME MONTHS * INCLUDES ONLY CERTIFICATES IN DENOMINATIONS $100,000 ISSUED BY WEEKLY REPORTING BANKS. 2/ NUMBER OF FOLLOWING D A Y S R E M A I N I N G I N SURVEY M O N T H . T H I S T H E L A S T WEDNESDAY OF T H E M O N T H . 3/ NUMBER MONTHS OF http://fraser.stlouisfed.org/ * T O T A L S MAY NOT Federal Reserve Bank of St. Louis ADD FOLLOWING DUE THE SURVEY TO R O U N D I N G . MONTH. PERIOD VARIES WITH THE NUMBER OF DAYS # # # # # TABLE MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING CITY, AS CHICAGO, OF 2 7 NEGOTIABLE AND MAR ALL 1968 (CUMULATIVE OTHER AND 2 8 MATURING # TIME CERTIFICATES WEEKLY FEB REPORTING OF 1/ DEPOSIT AT BANKS 1968 DISTRIBUTION) NEW YORK C I T Y CD'S # 2C CHICAGO ALL OTHER IN 27 0—6 1D A Y S 2 / MAR 28 FEB 27 MAR 28 FEB 27 MAR 28 FEB 3.8 1.9 4.9 2.9 3.6 2.2 01 MONTHS 3 / 36.0 32.1 33.0 33.4 34.7 28.0 02 MONTHS 52.5 54.9 47.2 54.9 50. 7 51.4 03 MONTHS 72.5 66.4 64.2 65.3 65.6 64.2 04 MONTHS 82.2 80.1 78.4 76.0 74.9 73.2 05 MONTHS 87.9 87.0 83.6 86.0 81.2 80.8 06 MONTHS 91.3 91.2 89.7 90. 1 86.3 86.1 07 MONTHS 93.4 93.1 92.8 92.6 88.7 88.4 08 MONTHS 94.7 94.7 94.0 94.4 90.1 90.4 09 MONTHS 95.6 95.9 94.7 95.4 92.0 91.7 10 MONTHS 97.0 96.5 96.1 95.8 94.1 93.4 11 MONTHS 97.7 97.9 97.8 97.0 95.5 95.3 12 MONTHS 98.4 98.5 98.7 98.5 96.7 96.5 100.0 100.0 100.0 100.0 100.0 100.0 OF $ 1 0 0 , 0 0 0 OR OVER 12 MONTHS 1/ INCLUDES BANKS. 2/ NUMBER OF FOLLOWING D A Y S R E M A I N I N G I N SURVEY M O N T H . T H I S THE L A S T WEDNESDAY OF T H E M O N T H . 3/ NUMBER MONTHS OF ONLY CERTIFICATES IN DENOMINATIONS F O L L O W I N G THE SURVEY MONTH. PERIOD MORE VARIES ISSUED WITH THE BY WEEKLY NUMBER OF REPORTING DAYS # # TABLE 3A • • $ # • S MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2/ AS OF 27 MAR 1 9 6 8 (AMOUNTS IN M I L L I O N S OF DOLLARS) MATURING 1 9 6 8 MAR IN 28-31 TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION - $1 BILLION PRIME 3 / OUTSIDE NEW YORK CITY NON-PRIME NEW YORK C I TY TOTAL 775.7 42.4 94.4 156.6 482. 3 213. 0 127.9 141.4 APRIL 6,411.6 301.3 708.4 1,093.9 4,308.0 1,954.3 1,420.8 932.9 MAY 3,296.5 155.5 408.6 575.7 2, 1 5 6 . 7 1,006.5 734.3 415.9 JUNE 3,426.8 154.5 394.0 509.9 2,368.4 1,237.3 685.6 445.5 JULY 2,015.9 79.3 205.1 306.9 1,424.6 585.0 585.1 254.5 AUGUST 1,236.6 50.5 185.4 176.0 824. 7 337.2 296.3 19 1 . 2 SEPTEMBER 957.0 56.6 122.5 206.6 571.3 192.1 234.4 144.8 OCTOBER 477.2 19.2 50.4 80.0 327. 6 13C.9 137.0 59.7 NOVEMBER 283.5 10.5 44.0 49.5 179.5 75.7 59.1 44.7 DECEMBER 309.2 20.0 75.2 54.9 159.1 59.2 52.0 47.9 375.4 14.4 44.4 65.5 251.1 87.3 99.8 64.0 FEBRUARY 241.2 5.9 33.4 40.8 161. 1 36.5 101.3 23.3 MARCH 2C3.5 6.0 22.8 42.3 132. 4 41.4 53.8 37.2 APRIL OR LATER 543.4 5.9 48.6 94.7 394.2 99.2 215.5 79.5 20,553.5 922.0 2,437.2 3,453.3 13,741.0 6,055.6 4,802.9 2,882.5 1 9 6 9 JANUARY TOTAL * TAX n nl /Vi nl CUCfN M N U MATIIQ IT ITEC RFiU U H « 1 UK I I t TO 1 — — ,TUN JUNE 10 293.2 6.8 20.9 44.5 221.0 112.1 67.3 41.6 JUNE 17 417.7 9.1 31.4 51.9 325. 3 189.2 71.3 64.8 1,242.8 32.4 99.8 173.6 937.0 449.6 346.3 141.1 12 18 APRIL 15 NUMBER OF BANKS) (MEMORANDUM: 264 1/ 2/ 3/ * $ 5 0 0 M I L L ION 1/ $1 B I L L I O N ANDi OVER - CD'S e e 93 86 49 37 INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR MORE ISSUED BY WEEKLY REPORTING BANKS. TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT CF CCNDITICN ON DECEMBER 3 1 , 1 9 6 5 . PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. TOTALS MAY NOT ADO DUE TO ROUNDING. TABLE 39 SALES /I/ CF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH 2 / AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 / AS OF 2 7 MAR 1 9 6 8 (AMOUNTS I N M I L L I O N S OF DOLLARS) SI CD'S MATURING IN TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 B I L L I O N - PRIME 4 / TOTAL — 1 9 6 8 MAR NEW YORK C I TY OUTSIDE NEW YORK CITY NON-PRIME 26-31 APRIL 1,545.5 89.5 192.3 269.8 993.9 534.3 242.4 217.2 728.6 31.6 76.6 145.8 474.6 282.3 115.6 76.7 JUNE 1,185.3 68.4 172.3 190.9 753. 7 357.7 215.4 180.6 JULY 415.1 8.1 36.0 66.7 304.3 148.4 101.6 54.3 AUGUST 2 06.3 3.7 29.1 31.3 142.2 81.0 33.3 27.9 SEPTEMBER 490.5 30.7 79.1 99.6 2 81.1 82.4 114.0 84. 7 OCTOBER 82.1 2.5 3.2 10.7 65.7 25.2 31.9 8.6 NOVEMBER 25.1 0.8 2.7 7.6 14.0 3.3 6.5 4.2 DECEMBER 47.8 2.0 7.4 6.2 32.2 20.3 8.3 3.6 19.5 0.0 3.2 1.9 14.4 0. 8 8.4 5.2 24.7 0.0 3.5 2.8 18.4 1.3 15.3 1.8 201.8 6.2 22.4 43.6 129.6 51.8 44.0 33.8 4,972.3 243.5 627.8 876.9 3,224.1 1,588.8 936.7 698.6 MAY 1 9 6 9 JANUARY FEBRUARY MARCH OR LATER TOTAL * (MEMORANDUM: TAX AND D I V I D E N D M A T U R I T I E S ! XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX 206.3 15.5 34.7 43.4 112. 7 68.0 24.8 19.9 37 7 12 18 JUNE 10 XXX JUNE 17 APRIL B I L L I O N AND OVER 15 I MC MOD A KIM 1 UM 264 93 86 NUMBER N C Q AMI/ C \ 48 1 / SEE TECHNICAL APPENDIX A . 2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR PCPF ISSUED EY WFEKLY REPORTING BANKS. 3 / TOTAL OEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 1 9 6 5 . 4 / P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS CF EACH OTHER WITHIN THE SECONDARY MARKET. * TOTALS MAY NOT ADD DUE TO ROUNDING. • # TABLE 3C • • # • e e MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 / AS OF 27 MAR 1963 PERCENTAGE DISTRIBUTION 1 9 6 8 MAR IN 28-31 $200 MILLION AND UNDER $200 MILLION T0 $500 MILLION $ 5 0 0 M I L L ION TO $1 B I L L I O N — PRIME 3 / TOTAL NEW YORK CI TY OUTSIDE NEW YORK CITY NON-PRIME 3. 8 4.6 3.9 4.5 3.5 3.5 2.7 4.9 APR IL 31.2 32.7 29.1 31.7 31.4 32.3 29.6 32.4 MAY 16.0 16.9 16.8 16.7 15.7 16.6 15.3 14.4 JUNE 16.7 16.8 16.2 14.8 17.2 20.4 14.3 15.5 JULY 9.8 8.6 8.4 8.9 10.4 9.7 12.2 8.8 AUGUST 6.0 5.5 7.6 5.1 6. 0 5.6 6.2 6.6 SEPTEMBER 4.7 6.1 5.0 6.0 4.2 3.2 4.9 5.0 OCTOBER 2.3 2.1 2.1 2.3 2.4 2.2 2.9 2.1 NOVEMBER 1.4 1.1 1.8 1.4 1.3 1.3 1.2 1.6 DECEMBER 1.5 2.2 3.1 1.6 1.2 1.0 1.1 1.7 1.8 1.6 1.8 1.9 1.8 1.4 2.1 2.2 FEBRUARY 1.2 0.6 1.4 1.2 1.2 0. 6 2.1 0 .8 MARCH 1. 0 0.7 0.9 1.2 1.0 0. 7 1.1 1.3 APR IL OR LATER 2.6 0.6 2.0 2.7 2.9 1.6 4.5 2.8 100.0 100.0 100.0 100.0 100.0 I 00.0 100.0 100.0 JUNE 10 1.4 0.7 0.9 1.3 1.6 1.9 1.4 1.4 JUNE 2. 0 1.0 1.3 1.5 2.4 3. 1 1.5 2.2 6.0 3.5 4.1 5.0 6.8 7.4 7.2 4.9 1 9 6 9 JANUARY TOTAL * APRIL 1/ 2/ 3/ * TOTAL 1/ $1 B I L L I O N AND OVER - CD* S MATURING • e 17 15 INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR MGRE ISSUED RY WEEKLY REPORTING BANKS. TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITICN ON DECEMBER 3 1 , 1 9 6 5 . PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. TOTALS MAY NOT ADD DUE TO ROUNDING. TABLE 3D MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 / AS OF 2 7 MAR 1 9 6 8 CUMULATIVE PERCENTAGE I / $1 B I L L I O N AND OVER CD'S MATURING 1 9 6 8 MAR IN 28-31 TOTAL $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 MILLION TO $1 BILLION - PRIME 3 / TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PR I HE 3.8 4.6 3.9 4.5 3.5 3.5 2.7 4.9 APRIL 35.0 37.3 33.0 36.2 34.9 35. 8 32.3 37.3 MAY 51.0 54.2 49.8 52.9 50. 6 52.4 47.6 51.7 JUNE 67.7 71.0 66.0 67.7 67.8 72.8 61.9 67.2 JULY 77.5 79.6 74.4 76.6 78.2 82.5 74.1 76.0 AUGUST 83.5 85.1 82.0 81.7 84.2 88.1 80.3 82.6 SEPTEMBER 88.2 91.2 87.0 87.7 88.4 91.3 85.2 87.6 OCTOBER 90.5 93.3 89.1 90.0 90.8 93.5 88.1 89.7 NOVEMBER 91.9 94.4 90.9 91.4 92.1 94. 8 89.3 91.3 DECEMBER 93.4 96.6 94.0 93.0 93.3 95. 8 90.4 93.0 95.2 98.2 95.8 94.9 95.1 97.2 92.5 95.2 FEBRUARY 96.4 98.8 97.2 96.1 96. 3 97.8 94.6 96.0 MARCH 97.4 99.5 98.1 97.3 97.3 98.5 95.7 97.3 100.0 100.0 100.0 100.0 100.0 100. 0 1 9 6 9 JANUARY APRIL OR LATER ?/ ;"MCES,=E:EMtY,r™"*c B,ms ARE TABL E 3E SALES /I/ OF NEGOTIABLE TIME CERTIFICATES CF DEPOSIT SINCE PREVIOUS MONTH 2 / AT WEEKLY REPORTING BANKS BY SI ZE OF BANKS 3 / AS OF 2 7 MAR 1968 PERCENTAGE CISTRIBUTIOM $1 B I L L I O N AND OVER CO*S MATURING I N 1 9 6 8 MAR TOTAL $200 MILLION AND UNDER MILLION TO $500 MILLION $ 5 0 0 M I L L ION TO $1 B I L L I O N — PRIME 4 / TOTAL OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CI TY 28-31 APRIL 31. 1 36.8 30.6 30.8 30.8 33.6 25.9 31.1 MAY 14. 7 13.0 12.2 16.6 14.7 17. 8 12.3 11.0 JUNE 23.8 28.1 27.4 21.8 23.4 22.5 23.0 25.9 JULY 8.3 3.3 5.7 7.6 9.4 9.3 10.8 7.8 AUGUST 4. 1 1.5 4.6 3.6 4.4 5.1 3.6 4.0 SEPTEMBER 9.9 12.6 12.6 11.4 8. 7 5.2 12.2 12.1 OCTOBER 1. 7 1.0 0.5 1.2 2.0 3.4 NOVEMBER 0.5 0.3 0.4 0.9 0.4 1.6 0.2 0.7 1.2 0.6 DECEMBER 1.0 0.8 1.2 0.7 1.0 1.3 0.9 0.5 0.4 0.0 0.5 0.2 0.4 0. 1 0.9 0.7 FEBRUARY 0. 5 0.0 0.6 0.3 0.6 0. 1 1.6 0.3 MARCH OR LATER 4.1 2.5 3.6 5.0 4.0 3.3 4.7 4.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 9 6 9 JANUARY TOTAL * — JUNE 10 JUNE 17 APRIL $200 15 XXX 4.1 (MEMORANDUM: TAX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX 5.5 4.9 3.5 4.3 6.4 (MEMORANDUM: 264 AND DIVIDEND M A T U R I T I E S ) 93 2.8 2.6 NUMBER OF BANKS) 86 48 37 12 1 / SEE TECHNICAL APPENDIX A . 2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR PCPE ISSUED BY WEEKLY REPORTING BANKS. 3 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 1 9 6 5 . 4 / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARCEO AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS CF EACH OTHER WITHIN THE SECONDARY MARKET. * TOTALS MAY NOT ADD DUE TO ROUNDING. 18 I # T A B S 4A # # C E R T I F I C A T E S OF D E P O S I T 1/ AVERAGE M A T U R I T Y OF OUTSTANDING NEGOTIABLE AT WEEKLY TIME REPORTING BANKS AT VARIOUS (IN SURVEY DATES MONTHS) DATE OF BANK C L A S S I F I C A T I O N 2 7 MAR 1 9 6 8 28 (BY ALL 1968 31 JAN 1 9 6 8 LOCATION) REPORTING BANKS ISSUING CD'S 2.9 2.9 2.9 NEW YORK C I T Y 2.6 2.6 2.5 CHICAGO 2.9 2.7 2.7 OTHER 3.1 3. 1 3.2 (BY UNDER $200 $200— $ 5 0 0 MILLION MILLION $500—$1T000 OVER SI MILLION BILLION PRIME IN NEW YORK C I T Y PRIME OUTSIDE 3/ NEW YORK C I T Y 3/ NON-PRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL I N DENOMINATIONS D E P O S I T S AS REPORTED FEB SURVEY IN THE CALL OF $ 1 0 0 , 0 0 0 REPORT S I Z E OF BANK ) 2/ 2.6 2.7 2. 9 3.0 3.0 3.3 3.0 2.9 3. 0 2.9 2.9 2. 9 2.6 2.6 2.5 3.3 3.2 3.3 3.0 2.9 3. 0 CR MORE ISSUED BY WEEKLY REPORTING B A N K S . OF C O N D I T I O N ON DECEMBER 3 1, 1965. TABLE 4B AVERAGE M A T U R I T Y OF NEGOTIABLE TIME CERTIFICATES SOLD BY WEEKLY DURING THE OF D E P O S I T 1/ R E P O R T I N G BANKS MONTH OF V A R I O U S SURVEYS < I N MONTHS) DATE OF SURVEY BANK C L A S S I F I C A T I O N 27 MAR 1968 28 FEB 1968 3i JAN 1968 (BY LOCATION) ALL R E P O R T I N G BANKS ISSUING CD'S 2.9 3.2 2. 7 NEW YORK C I T Y 2.6 3.1 2. 3 CHICAGO 3.4 4.0 2.6 OTHER 3.0 3.1 2.9 (BY UNDER $200 $2 00— $5 0 0 MILLION MILLION $500—$19000 OVER $1 MILLION BILLION PRIME IN NEW YORK C I T Y PRIME OUTSIDE 3/ NEW YORK C I T Y 3/ NON-PRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL 3/ P R I M E BANKS ARE THOSE WHICH ARE REPORTED BY DEPOSITS AS IN DENOMINATIONS REPORTED IN THE C A L L OF $100,000 REP CRT S I Z E OF BANK ) 2/ 2.5 2.6 2.9 2.9 2.8 3.2 3.0 3.0 2. 8 2.9 3.3 2.6 2.6 3.1 2.3 3.4 3.9 2.9 3.0 2.9 2.6 OR MORE ISSUED CF C O N D I T I O N ON BY WEEKLY R E P O R T I N G CECEMBER 3 1, BANKS. 1965. WHOSE N E G O T I A B L E C E R T I F I C A T E S CF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND D E A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET. Digitized for N FRASER O T E — S E E T E C H N I C A L APPEND I X B . # # # # $ # # E E # TABL E 5 A RATIO OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT 1/ TO TOTAL DEPOSITS > AT VARIOUS SURVEY DATES (PER CENT) DATE OF SURVEY (IN TOTAL DEPOSITS 2 / M I L L I O N S OF DOLLARS) 27 MAR 1968 A L L BANKS I S S U I N G CD'S 28 FEB 1968 3 1 JAN 1 9 6 8 10.1 10.3 10.1 UNDER 2 0 0 6.3 6.3 6. 0 200 - 500 8.2 8.1 7. 7 500 - 1000 9.7 9.8 9.3 11.2 11.4 11.3 13.0 13.3 13. 3 9.4 9.7 9.5 11.7 11.6 11.3 OVER 1 0 0 0 PRIME IN NEW YORK 3 / PRIME OUTSIDE NEW YORK 3 / NONPRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS AS REPORTED I N 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 THE CALL REPCRT D E P O S I T S I N THE DENOMINATOR OF THE RATIO INTERBANK AND U . S . GOVERNMENT D E P O S I T S . OR MORE ISSUED BY WEEKLY REPORTING BANKS. CF CONDITION ON DECEMBER IN T H I S 31, 1965. TABLE ARE TOTAL DEMAND AND TIMF DEPOSITS, INCLUDING T A B L E 5R R A T I O OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T TC TOTAL DEPOSITS AS CF 2 7 MAR 1/ 1968 (NUMBER OF BANKS > TOTAL OEPOSI TS 2 / C IN ALL MILLIONS OF DOLLARS) 5% OR LESS BANKS I S S U I N G CD'S 10 5 TO 15 TO TO 15% 10% 20 TO 25% 20% 25% OR MORE 103 65 59 23 12 AVERAGE CD TO DEPOSIT R A T I O (PER CENT) 10.1 UNDER 200 50 25 11 4 3 0 6.3 200 - 500 38 17 19 8 2 2 8.2 500 - 1000 13 13 13 5 4 0 9.7 2 10 16 6 3 0 11.2 0 0 5 2 0 0 13.0 0 7 2 2 1 0 9.4 2 3 9 2 2 0 11.7 OVER 1000 PRIME IN NEW YORK 3 / PRIME O U T S I D E NEW YORK 3 / NONPRI ME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL D E P O S I T S AS REPORTED 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N I OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS IN OF $ 1 0 0 , 0 0 0 THE CALL REPORT D E P O S I T S I N THE DENOMINATOR OF THE R A T I O INTERBANK AND U . S . GOVERNMENT D E P O S I T S , OR MORE ISSUED BY WEEKLY REPORTING OF C O N D I T I O N ON IN THIS DECEMBER 31, BANKS. 1965. T A B L E ARE TOTAL DEMAND AND T I M E DEPOSITS, INCLUDING TABLE 5C PER CENT CHANGE I N O U T S T A N D I N G NEGOTIABLE 28 FEB 1968 TO 2 7 MAR (NUMBER OF ALL MILLIONS BANKS CD'S C D ' S TO ZERO OF D O L L A R S ! 10% OR MORE 5 TO 10% OF D E P O S I T /I 1968 BANKS) D E C L I N E S OF TOTAL D E P O S I T S 2 / I IN TIME CERTIFICATE 5% OR LESS NO CHANGE I N C R E A S E S OF — 5% OR 5 TO 10% OR LESS 10% MORE I S S U E D C D ' S BUT HAD NONE OUT STANDI N G ON BASE DATE ISSUING 35 34 69 29 46 32 29 UNDER 200 0 14 10 13 19 16 15 12 0 200 - 500 0 12 9 26 8 13 7 13 0 500 - 1000 1 5 7 18 2 9 6 3 0 0 4 8 12 0 8 4 1 0 0 1 2 2 0 2 0 0 0 0 2 2 6 0 2 0 0 0 0 1 4 4 0 4 4 1 0 OF $ 1 0 0 , 0 0 0 OR MORE OVER 1000 PRIME IN NEW YORK 3 / PRIME OUTSIDE NEW YORK 3 / NONPRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL D E P O S I T S 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND W H I C H ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS AS REPORTED IN THE CALL REPORT ISSUED BY WEEKLY R E P O R T I N G CF C O N D I T I O N ON DECEMBER 31, 1965 BANKS. • THE NUMBER OF BANKS I N T H I S TABLE D I F F E R S FROM THOSE I N MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD O U T S T A N D I N G C D ' S ON THE LAST SURVEY REDUCED T H E I R O U T S T A N D I N G S TO ZERO ON T H I S S U R V E Y . TABLE 50 PER CENT CHANGE I N OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT /I 27 DEC 1967 TO 27 MAR 1968 (NUMBER OF BANKS) TOTAL DEPOSITS / 2 C IN M I L L I O N S OF DOLLARS) ALL BANKS CD'S REDUCED C D • S 25% TO OR ZERO MORE INCREASE OF DECLINES OF 10 TO 15% 15 TO 20% 20 TO 25% 5 TO 10% 5% OR LESS ISSUING NO CHANGE 5% OR LESS 5 TO 10% 15% 25% OR MORE 20 TO 25% 15 TO 2 0% 10 TO ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE 2 22 3 8 19 16 26 18 32 22 31 13 11 52 0 UNDER 2 0 0 0 11 2 1 6 4 7 12 5 7 9 4 4 27 0 200 - 500 0 9 0 2 5 6 11 5 13 8 9 3 3 14 0 500 - 1000 2 1 1 1 5 5 3 1 10 4 7 1 3 7 0 0 1 0 4 3 1 5 0 4 3 6 5 1 4 0 0 1 0 2 1 0 2 0 0 1 0 0 0 0 0 PRIME OUTSIDE NEW YORK 3 / 0 0 0 1 2 1 2 0 0 0 2 2 1 1 0 NONPRIME 0 0 0 1 0 0 1 0 4 2 4 3 0 3 0 OVER 1000 PRIME IN NEW YORK 3 / 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. CF CONDITION ON DECEMBER 3 I t 1965. THE NUMBER OF BANKS I N T H I S TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. # e # # # # # # e # TABLE 5 E CHANGE IN OUTSTANDING N E G O T I A B L E T I M E OVER THE MONTH AS AT THE 28 A PER CENT I IN ALL MILLIONS FEB 1968 BANKS CD'S DECLINES OF D O L L A R S ) 3% AND OVER 2 TO 3% OF TOTAL B E G I N N I N G OF T H E TO 2 7 MAR (NUMBER OF TOTAL D E P O S I T S 2 / C E R T I F I C A T E S OF D E P O S I T DEPOSITS , PERIOD 1968 BANKS) OF 1 TO 2% 1/ I N C R E A S E S OF IS ANO LESS NO CHANGE IX AND LESS 1 TO 2* 2 TO 3% 3% AND OVER ISSUING 3 5 16 119 19 81 16 3 2 UNDER 200 1 1 3 33 13 36 4 2 0 200 - 500 0 1 6 43 6 20 8 I 1 500 - 1000 1 0 3 26 0 15 2 0 1 1 3 4 17 0 2 0 0 0 1 4 0 2 0 2 0 0 0 2 0 0 OVER 1000 PRIME IN NEW YORK 3 / PRIME OUTSIDE NEW YORK 3 / 0 NONPRIME 1 2 1 7 0 0 3 6 0 OR MORE ISSUED 6 0 2/ TOTAL D E P O S I T S AS REPORTED 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND W H I C H ARE REPORTED B > DEALERS TO TRADE W I T H I N 1 OR 2 BASIS P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET. THE CALL REPORT D E P O S I T S I N THE DENOMINATOR OF THE R A T I O I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S . OF C O N D I T I O N IN THIS TABLE BY WEEKLY R E P O R T I N G 0 INCLUDES C E R T I F I C A T E S IN OF $ 1 0 0 , 0 0 0 0 1/ NOTE- I N DENOMINATIONS 0 1 ON DECEMBER ARE TOTAL 31, BANKS. 1965. DEMAND ANO T I M E DEPOSITS, INCLUDING # * # # # # # * # # ( TABLE 5F CHANGE I N OUTSTANDING NEGOTIABLE OVER THE LAST THREE MONTHS AS TIME C E R T I F I C A T E S OF D E P O S I T 1/ A PER CENT OF TOTAL D E P O S I T S ' AT THE B E G I N N I N G OF THE PER IOO 27 DEC 1 9 6 7 TO 2 7 MAR (NUMBER OF TOTAL D E P O S I T S ( IN M I L L I O N S ALL DECLINES 2/ OF DOLLARS) BANKS I S S U I N G CO* s 5% AND OVER 3 TO 4% 4 TO 5% 1968 BANKS 1 I N C R E A S E S OF OF 1% AND LESS 1 TO 23 2 TO 3% NO CHANGE IX AND UNDER 5% AND OVER 4 TO 5% 3 TO 4% 2 TO 3% 1 TO 2% 0 1 5 8 21 62 9 80 39 20 9 5 5 UNDER 200 0 0 4 2 7 18 6 30 13 6 4 2 I 200 - 500 0 0 0 2 5 27 3 25 11 8 2 1 2 500 - 1000 0 0 0 1 5 12 0 15 7 2 2 2 2 0 1 I 3 4 5 0 10 8 4 1 0 0 0 1 0 2 1 2 0 1 0 0 0 0 0 0 0 1 0 3 2 0 2 3 1 0 0 0 0 0 0 1 0 1 0 7 5 3 1 0 0 OVER 1000 PRIME IN NEW YORK PRIME OUTSIDE 3/ NEW YORK 3 / NONPR IME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS D E P O S I T S AS REPORTED IN OF $100,000 THE CALL REPORT D E P O S I T S I N THE DENOMINATOR OF THE R A T I C INTERBANK AND U . S . GOVERNMENT D E P O S I T S . OR MORE I S S U E D BY WEEKLY R E P O R T I N G BANKS. CF C O N D I T I O N ON DECEMBER IN T H I S 31, 1965. TABLE ARE TOTAL DEMAND AND T I M E DEPOSITS, INCLUDING # # # # # # # # # # I T ABL E 6 A MATURI TY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE O I S T R I C T OF DEPOSIT 1 / AS OF 27 MAR 1 9 6 8 (AMOUNTS CD*S MATURING 1 9 6 8 MAR IN 28-MAR ALL DISTRICTS 31 BOSTON NEW YORK PHILADELPHIA CLEVELAND R IC H MOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 775.7 34.5 332.9 28.8 46.6 15.7 21.7 121.6 12. 1 12.3 9.7 48.6 91.2 APR 6411.5 3 75.8 2524.3 164.3 434. 1 78.4 190.9 768 . 6 111.8 115.9 149.5 452.2 1045.7 MAY 3296. 5 230.3 1257.0 95.6 235 . 1 58.5 75.9 419.0 69.3 55.9 91.5 206.6 501.8 J UN 3427.0 229.9 1516.1 114.2 171.5 46.1 78.7 457.4 59. 3 44.1 65.8 156.1 487.8 JUL 2015.9 88.4 721.7 49.9 164.5 23.5 49.8 323.4 34.7 15.4 38.7 142.8 363.1 AUG 1236.7 52.8 441.1 45.8 135.7 9.9 24.0 172.7 25. 0 10. 1 14.7 73.7 231.2 SEP 957. 1 53.1 299.6 32.2 71.6 39.6 33.4 168.4 24.3 9. 7 26.8 66.2 132.2 OCT 477.2 59.3 155.1 11.5 44.0 13.5 9.0 82.8 6.2 3.9 7.0 19.7 65.2 NOV 283.6 24.8 100.0 8.4 15.4 7.3 9.1 48.3 5.6 I. 3 3.8 17.2 42.4 DEC 309.3 10.7 80.7 12.5 29. 1 28.5 9.4 31.7 10.6 • 6. 8 10.3 31.2 47.8 JAN 375.4 15.4 113.9 16.5 25.2 3.2 13.5 49.0 5.2 4.5 4.7 36.5 87.8 FEB 241.2 13.6 52.9 3.9 13.2 8.3 10.1 41.5 5.4 0.9 1.9 15.3 74.2 MAR 2C3.6 6.6 60.6 16.9 9.1 1.7 6.7 24.5 6. 1 0.2 4.2 14.8 52.2 APR OR LATER 543.4 30.7 131.7 28.8 158.5 13.7 20.3 62.4 5.4 0.0 0.0 24.9 67.0 20554.1 1225.9 7787.6 629.3 1553.6 347.9 552.5 2771.3 381.0 281.0 428.6 1305.8 3289.6 AVERAGE MATURITY IN MONTHS 2 / 2.9 2.8 2.6 3.4 3.7 3.8 3.1 3.0 2. 9 2.0 2.4 2 .9 3.0 NUMBER OF REPORTING BANKS 264 18 47 10 20 15 21 36 10 5 21 25 36 1969 TOTAL * 1/ INCLUDES ONLY C E R T I F I C A T E S ISSUED I N OENOMINAT ICNS 2/ SEE TECHNICAL APPENDIX * I N M I L L I O N S OF DOLLARS) B. D E T A I L S MAY NOT ADD TO TOTALS DUE TO ROUNDING. OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS. # # # # # # # # # # TABLE 68 1/ 2/ SALES CF NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T * AS OF 27 MAR 1 9 6 8 (AMOUNTS ST. LOUI S MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 137.4 39.7 20.2 26.7 126.8 199.8 10.7 80.8 10.6 14.5 18.1 38.0 68 . 0 18.6 35.7 173.5 29.4 13.5 27.5 72.8 186.0 14.5 1.3 7.3 76.3 11.2 1.8 6.3 9.4 68.7 9.6 18.5 1.7 1.7 34.9 3. 8 1.3 1.1 10.4 17.3 131.9 16.9 25.0 24.8 25.1 90.7 14. 7 4.2 20.7 43.5 74.4 7.6 30.4 4.1 2.5 0.3 0.2 23.5 2.9 1.1 0.6 1 .0 13.3 25.2 4.0 9.8 0.1 1.0 0.3 0.0 3.0 1. 7 0. 0 0.4 0.9 4.0 DEC 47. 8 1.5 23.3 1.6 1.1 0.9 0.0 8.0 1.0 1.5 1.2 1.6 6.1 JAN 19.9 0.5 2.4 0.0 3.7 0.2 2.6 1.0 1.0 0.0 0.1 0.4 9.0 FEB 24.6 0.3 2.7 0.1 0.5 0.4 0.4 1.9 1.1 0.0 0. 1 1.1 16.0 202.1 6.9 69.8 13.8 6. 1 3.6 4.9 21.2 6. 9 0.0 4.2 14.0 50.7 4978.5 282.9 2051.2 163.6 256.1 79.0 172.2 652.2 124.0 58.1 1 07.0 319.9 712.3 2.9 2.5 2.6 3.5 2.7 3.6 2.4 3.2 3.2 2.2 3.0 2.7 3.4 ALL DISTRICTS BOSTON 1 9 6 8 APR 1545.6 92.7 695.4 MAY 72 8 . 7 48.6 J UN 1185.2 JUL C D ' S MATURING 1969 IN CLEVELAND RICHMOND ATLANTA 33.5 73.5 16. 3 83.6 352.0 19.1 57.7 10.6 75.9 455.9 44.4 52.0 415.1 17.1 180.8 20.4 AUG 206.4 9.3 96.8 SEP 490.4 18.5 OCT 87. 5 NOV MAR OR LATER TOTAL * AVERAGE MATURITY I N MONTHS 3 / 1/ SEE TECHNICAL APPENOI X A . 2/ INCLUDES ONLY C E R T I F I C A T E S 3/ SEE TECHNICAL APPENDIX * I N M I L L I O N S OF DOLLARS) DETAILS NEW YORK ISSUED I N DENOMINATIONS B. MAY NOT ADD TO TOTALS DUE TO ROUNDING. PH I L A DE L PHI A OF $ 1 0 0 , 0 0 0 CHICAGO OR MORE BY WEEKLY REPORTING BANKS. # # # # # # # # # TABLE 6C MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T 1/ AS OF 27 MAR 1 9 6 8 (PERCENTAGE C D ' S MATURING 1 9 6 8 MAR IN 2 8 •-MAR ALL DISTRICTS 31 BOSTON 3. 8 NEW YORK DISTRIBUTION) PHI L A DELPHI A CLEVELAND R ICH— MONO ATLANTA CHICAGO ST. LOUI S MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 2.8 4.3 4 .6 3.0 4.5 3.9 4.4 3.2 4.4 2.3 3.7 2.8 APR 31.2 30.7 32.4 26.1 27.9 22.5 34.6 27.7 29. 3 41.2 34.9 34.6 31.8 MAY 16.0 18.8 16.1 15.2 15.1 16.8 13.7 15.1 18.2 19.9 21.3 15.8 15.3 J UN 16. 7 18.8 19.5 18.1 11.0 13.3 14.2 16.5 15.6 15.7 15.4 12.0 14.8 JUL 9.8 7.2 9.3 7.9 10.6 6.8 9.0 11.7 9.1 5.5 9.0 10.9 11.0 AUG 6. 0 4.3 5.7 7.3 8.7 2.8 4.3 6.2 6. 6 3.6 3.4 5.6 7.0 SEP 4.7 4.3 3.8 5.1 4.6 11.4 6.0 6.1 6.4 3.5 6.3 5.1 4.0 OCT 2.3 4.8 2.0 1.8 2.8 3.9 1 .6 3.0 1.6 1.4 1.6 1.5 2.0 NOV 1.4 2.0 1.3 1.3 1.0 2.1 1.6 1.7 1.5 0.5 0.9 1.3 1.3 DEC 1.5 0.9 1.0 2.0 1.9 8.2 1.7 1.1 2. 8 2.4 2.4 2.4 1.5 1 9 6 9 JAN 1.8 1.3 1.5 2.6 1.6 0.9 2.4 1.8 1.4 1.6 1. 1 2.8 2.7 FEB 1.2 1.1 0.7 0.6 0.8 2.4 1.8 1.5 1.4 0.3 0.4 1.2 2.3 MAR 1.0 0.5 0.8 2.7 0.6 0.5 1.2 0.9 1.6 0.1 1.0 1.1 1.6 APR OR LATER 2. 6 2.5 1.7 4 .6 10.2 3.9 3.7 2.3 1.4 0. 0 0. 0 1.9 2 .0 100. 0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 00.0 100.0 100.0 TOTAL * 1/ INCLUDES ONLY C E R T I F I C A T E S ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS. • • • • • • • • • • TABLE 6C MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE CISTR ICT 1/ AS OF 27 MAR 1 9 6 8 (CUMULATIVE PERCENTAGE) ST. LOUI S MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 4.4 3.2 4.4 2.3 3.7 2.8 38.5 32.1 32.5 45.6 37.2 38.3 34.6 43.8 52.2 47.2 50. 7 65.5 58.5 54.1 49.9 57.0 57. 1 66.4 63.7 66.3 81.2 73.9 66.1 64.7 71.9 67.6 63.9 75.4 75.4 75.4 86.7 82.9 77.0 75.7 87.3 79.2 76.3 66.7 79.7 81.6 82.0 90.3 86.3 82.6 82.7 86.9 91.1 84.3 80.9 78.1 85.7 87.7 88.4 93.8 92.6 87.7 86.7 90.5 91.7 93.1 86.1 83.7 82.0 87.3 90.7 90.0 95.2 94.2 89.2 88.7 NOV 91.9 93.7 94.4 87.4 84.7 84.1 88.9 92.4 91.5 95.7 95.1 90.5 90.0 DEC 93.4 94.6 95.4 89.4 86.6 92.3 90.6 93.5 94.3 98.1 97.5 92.9 91.5 1 9 6 9 JAN 95.2 95.9 96.9 92.0 88.2 93.2 93.0 95.3 95. 7 . 99.7 98.6 95.7 94.2 FEB 96.4 97.0 97.6 92.6 89.0 95.6 94.8 96.8 97.1 100.0 99.0 96.9 96.5 MAR 97.4 97.5 98.4 95.3 89.6 96.1 96.0 97.7 98. 7 100. 1 100.0 98.0 98.1 100. 0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 ALL DI S TRICTS BOSTON 3.8 2.8 APR 35.0 MAY C D ' S MATURING IN PHILADELPHIA CLEVELAND RICHMOM D ATLANTA 4.3 4.6 3.0 4.5 3 .9 33.5 36.7 30.7 30.9 27.0 51. 0 52.3 52.8 45.9 46.0 JUN 67. 7 71.1 72.3 64.0 JUL 77.5 78.3 81.6 AUG 83.5 82.6 SEP 88.2 OCT 1 9 6 8 MAR 28 -MAR 31 APR OR LATER 1/ INCLUDES ONLY C E R T I F I C A T E S NEW YORK ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CHICAGO OR MORE BY WEEKLY REPORTING BANKS. TABLE 66 1/ 2/ SALES OF NEGOTIABLE T I M E CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 2 7 MAR 1 9 6 8 (PERCENTAGE ALL DISTRICTS 1968 1969 PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY SAN FRAN- 31. 0 32.8 33.9 20.5 28.7 20.6 48.5 21.1 32.0 34.8 25.0 39.6 28.0 MAY 14.6 17.2 17.2 11.7 22.5 13.4 6.2 12.4 8.5 25.0 16.9 11.9 9.5 J UN 23. 8 26.8 22.2 27.1 20.3 23.5 20. 7 26.6 23.7 23.2 25.7 22.8 26.1 JUL 8.3 6.0 8.8 12.5 5.7 1.6 4.2 11.7 9. 0 3.1 5.9 2.9 9.6 AUG 4. 1 3.3 4.7 5.9 7.2 2.2 1 .0 5.4 3.1 2.2 1.0 3.3 2.4 SEP 9.9 6.5 6.4 10.3 9.8 31.4 14.6 13.9 11.9 7.2 19.3 13.6 10.4 OCT 1.8 2.7 1.5 2.5 1.0 0.4 0.1 3.6 2.3 1.9 0.6 0.3 1 .9 NOV 0.5 1.4 0.5 0.1 0.4 0.4 0.0 0.5 1.4 0.0 0.4 0.3 0 .6 DEC 1.0 0.5 1.1 1.0 0.4 1.1 0.0 1.2 0. 8 2.6 1.1 0.5 0.9 JAN 0.4 0.2 0.1 0.0 1.4 0.3 1.5 0.2 0. 8 0.0 0.1 0.1 1.1 FEB 0. 5 0.1 0.1 0.1 0.2 0.5 0.2 0.3 0. 9 . 0.0 0.1 0.3 2.2 MAR OR LATER 4. 1 2.4 3.4 8.4 2.4 4.6 2.8 3.3 5.6 0.0 3.9 4.4 7.1 100. 0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1/ SEE TECHNICAL APPENDIX A , 2/ INCLUDES ONLY C E R T I F I C A T E S * NEW YORK APR TOTAL * NOTE - BOSTON DISTRIBUTION) SALES I N THIS D E T A I L S MAY NOT ADD ISSUED I N DENOMI NAT ICNS TABLE ARE NOT ADJUSTED FOR C D ' S TO TOTALS DUE TO ROUNDING. OF $ 100,OOO OR MORE BY WEEKLY REPORTING BANKS. THAT HAVE MATURED. TECHNICAL APPENDIX A DERVIATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT Sales of CD's between survey dates are derived in the following manner: Outstanding CD's maturing in each month of the previous survey are subtracted from maturities in the same month of the current survey. Those CD's maturing in the remaining portion of the month in which the current survey is taken are ignored. Those CD's maturing after the last individual month shown in the current survey (i.e. CD's with the longest maturity) are added to those CD's maturing in the last individual month shown on that survey in order to derive on outstandings quantity for a time period comparable' to the longest maturity CD's shown on the previous survey. The procedure used produces gross sales of CD's between survey dates maturing in each of the eleven full months after the currect survey, and combines sales of CD's maturing in twelve or more months. are also lost by the method described above. Some sales Sales of CD's between the survey dates that mature in the remaining days of the calendar month of the current survey are ignored. However, since the minimum maturity for time deposits under current regulation's is 30 days, the time period between monthly survey dates (28 to 34 days) suggests that very few sales are lost from the series as derived in this manner. Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured between surveys and (2) the amount, if any, of sales between survey dates that mature in the remaining days of the calendar month in which the current survey is taken. TECHNICAL NOTE B CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT OUTSTANDINGS Average maturities of outstanding negotiable time certificates of deposit are calculated on a weighted .average basis. All CD's are assumed to mature in the middle of the month and those CD's maturing in the survey month--after the survey date--are assumed to mature in the middle of the period between the .survey date and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD's outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way. That is, they are weighted averages calculated from the survey date with the assumption made that all C D ' s mature in the middle of the month. Any CD's sold between survey dates and maturing in the period between the current survey date and the end of the calendar month in which the current survey was taken (a maximum of 6 days) are ignored. Technical Note B (continued) This procedure assumes all CD's sold between survey dates were issued on the most recent survey date. While it appears more logical to assume that all CD's were sold at the mid-point between the two surveys, such an assumption would tend to reduce compatibility between average maturities of outstandings and of sales as a result of using two different starting dates for the calculations. If the assumption is made that all CD's are sold at the mid-point between surveys, the average maturity of sales would be lengthened relative to the average maturity of outstandings, by, in effect, using an earlier starting date for sales than for outstandings. Sales of CD's maturing in a particular month are often a large and highly variable proportion of total sales while changes in outstandings due in any particular month are a small and rather stable proportion of the level of total outstandings. As a result, the average maturity of sales is much more sensitive to month-to-month variation in the maturity structure of sales than is the case with the outstandings series. Thus, large changes in the calculated average maturity of sales, or situations in which the average maturity of sales differ sharply from the average maturity of outstandings, should be interpreted with care and references should be made to actual dollar sales by month. Formulas for calculation of average maturities are available on request from the Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System.
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