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August 5 , 1969 L.4.1 CONFIDENTIAL (FR) -fcDERAL RESERVE BANK of KANSAS CITY AUG 8 1969 ~ Research Library — SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF June 25, 1969 Banking S e c t i o n , D i v i s i o n of Research and S t a t i s t i c s , Board of Governors of t h e F e d e r a l Reserve System. TABLE 1 1/ MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E WEEKLY REPORTING AS OF C D ' S MATURING 1969 1970 AMOUNT C M I L L I O N S OF DOLLARS 1 TN 25 JUN C E R T I F I C A T E S OF D E P O S I T AT BANKS 1969 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE SALES SINCE 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 ) 1,039.6 6.8 6.8 .0 JULY 3,978.9 26.1 32.9 603.9 AUGUST 2,305.5 15.1 48.0 222.2 SEPTEMBER 2,105.2 13.8 61.8 487.4 OCTOBER 1 ,468.6 9.6 71.4 58.4 NOVEMBER 1,056.7 6.9 78.3 91.3 DECEMBER 1 ,121.8 7.3 85.6 506.8 JANUARY 583.6 3.8 89.4 45.8 FEBRUARY 288.8 1.9 91.3 9.4 MARCH 259.0 1.7 93.0 12.0 APRIL 309.1 2.0 95.0 15.5 MAY 191.9 1.3 96.3 18.9 170.8 1. 1 97.4 172.3 JUNE 393.4 2.6 100.0 15 , 2 7 2 . 8 100.0 JUNE OVER 26 12 - MONTHS TOTAL 30 < MEMORANDUMS SEPTEMBER SEPTEMBER 1/ 2/ V 10 15 157.0 284.3 TAX XXX AND D I V I D E N D M A T U R I T I E S ) 1.0 1.9 XXX XXX XXX 2,243.8 3/ TABLE 2A 1/ MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S NEW YORK C I T Y , C H I C A G O , AND ALL OTHER WEEKLY R E P O R T I N G AS (IN NEW CD'S 1969 1970 MATURING JUN 26 IN - AMOUNT JUN 30 25 MILLIONS JUN OF 1969 DOLLARS) YORK C I T Y SALES PREVIOUS CHICAGO SINCE MONTH AMOUNT - 2/ - AT - ALL SALES PREVIOUS SINCE MONTH — — OTHER WEEKLY AMOUNT 2/ REPORTING SALES PREVIOUS .0 50.3 .0 783. 0 .0 JULY 760.3 121.8 250.4 43.7 2 ,968.2 438.4 AUGUST 482.9 25.4 154.8 10.6 1 ,667. 8 186.2 SEPTEMBER 381.3 79.4 157.7 39.9 1 ,566.2 368.1 OCTOBER 219.1 11.4 67.4 .3 1 ,182. 1 46.7 NOVEMBER 159.0 4.0 46.7 4.8 851. 0 82.5 DECEMBER 211.3 76.8 42.6 18.8 867. 9 411,2 JANUARY 94.4 5.4 25.1 .2 464.1 40.2 F E B R UARY 50.5 1.3 20.0 .5 218.3 7.6 MARCH 45.1 .2 25.5 .9 188. 4 10.9 APRIL 80.1 .2 15.7 .6 2 1 3. 3 14.7 MAY 44.0 4.0 13.0 1.6 13 4. 9 13.3 JUNE 34.7 31.1 25.3 38.8 32.2 XXX 22.4 XXX 33 8.;8 XXX 2 ,801.2 361.0 916.9 160.7 1 1 , 554 « 8 1 ,722 . 2 12 MONTHS TOTAL NUMBER OF * REPORTING BANKS Z3 TAX 1/ INCLUDES 2/ SEE 3/ SALES ONLY CERTIFICATES IN TECHNICAL APPENDIX A• CO • S MATURING AFTER TOTALS OF MAY N O T ADD DUE 241 AND D I V I D E N D M A T U R I T I E S ) 123.1 191. 6 17.0 17.0 16. 9 75. 7 10 15 110. 8 11 12 (MEMORANDUM: SEPTEMBER SEPTEMBER /3 DENOMINATION 11 MONTHS. TO R O U N D I N G . OF $100 ,000 OR MORE ISSUED BY WEEKLY R E P O R T I N G BANKS. BANKS SINCE MONTH 2 / 206.3 OVE* * OF OF D E P O S I T BANKS 102. 4 / 3 TABLE 2B 1/ MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E NEW YORK C I T Y , CHICAGO, AS O F 2 5 AND ALL OTHER WEEKLY R E P O R T I N G JUN 1969 (PERCENTAGE MATURING IN )— 6 DAYS 2 / JUN BANKS DISTRIBUTION) CHICAGO MAY 2 5 JUN 2 8 MAY 25 JUN 28 MAY 7.4 1.2 5.5 1.2 6.8 1.6 01 MONTHS 3 / 27.1 34.9 27.3 31.0 25.7 25.5 MONTHS 17.2 18.3 16.9 19.8 14.4 20.3 02 MONTHS 13.6 13.1 17.2 13.8 13.6 11.9 03 MONTHS 7.8 8.6 7.4 11.3 10.2 9.6 04 MONTHS 5.7 5.9 5.1 6.4 7.4 9.1 05 MONTHS 7.5 4.4 4.6 4.0 7.5 6.2 06 MONTHS 3.4 3.8 2.7 2.3 4.0 3.7 07 MONTHS 1.8 2.5 2.2 2.4 1.9 3.4 08 MONTHS 1.6 1.4 2.8 1.9 1.6 1.7 09 1.3 1.7 2.4 1.4 MONTHS 2.9 1.9 10 MONTHS 1.6 2.3 1.4 1.4 1.2 1.6 11 1.1 2.8 1.1 1.0 MONTHS 1.2 1.0 12 1.1 1.0 2.4 .9 2.9 2.8 100.0 100.0 100.0 100.0 100.0 100.0 OF S I 0 0 . 0 0 0 OR MORE VER 12 TOTAL 1/ 25 2 8 AT AND 2 8 MAY 1 9 6 9 NEW YORK C I T Y CD'S C E R T I F I C A T E S OF D E P O S I T MONTHS * I N C L U D E S ONLY C E R T , F , G A T E S IN DENOMINATIONS ISSUED BY WEEKLY R E P O R T I N G BANKS. » a s s , : 3/ * NUMBER TOTALS OF " MONTHS F O L L O W I N G THE MAY NOT ADO DUE SURVEY TO ROUNDING. MONTH. " ™ureER"",s 2C 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE NEW YORK C I T Y , CHICAGO, AS OF 25 AND ALL JUN 1969 (CUMULATIVE 25 MAY BANKS 1969 DISTRIBUTION) ALL OTHER CHICAGO MAY 25 JUN 28 MAY 25 JUN 28 MAY 7.4 1.2 5.5 1.2 6. 8 1.6 MONTHS 3 / 34.5 36.1 32.8 32.2 32.5 27. 1 02 MONTHS 51.7 54.4 49.7 52.0 46.9 47.4 03 MONTHS 65.3 67.5 66.9 65.8 60.5 59.3 04 MONTHS 73.1 76.1 74.3 77.1 70.7 68.9 05 MONTHS 78.8 82.0 79.4 83.5 78. 1 78.0 06 MONTHS 86.3 84.0 87.5 85.6 07 MONTHS 89.7 90.2 86.7 89.8 89.6 87.9 08 MONTHS 91.5 92.7 88.9 92.2 91.5 91.3 09 MONTHS 93.1 94.1 91.7 94.1 93. 1 93.0 10 MONTHS 96.0 95.4 93.4 96.5 95.0 94.4 11 MONTHS 97.6 97.7 94.8 97.9 96.2 96. 0 12 MONTHS 98.8 98.8 97.6 99.0 97.2 97. 0 100.0 100.0 100.0 100.0 100.0 100.0 OF $ 1 0 0 , 0 0 0 OR MORE 12 MONTHS I N C L U D E S ONLY C E R T I F I C A T E S IN * 01 OVER 1/ DAYS 2 / AND 2 8 AT 00 o 0-6 28 JUN C E R T I F I C A T E S OF D E P O S I T OTHER WEEKLY R E P O R T I N G NEW YORK C I T Y f nU •* CS MA ID 1T INu KIP 1TnlM L ™A Ti 1UK TIME DENOMINATIONS ISSUED fsl TABLE BY WEEKLY R E P O R T I N G BANKS. 2/ NUMBER OF FOLLOWING DAYS R E M A I N I N G I N SURVEY MONTH. T H I S THE L A S T WEDNESDAY OF THE MONTH. 3/ NUMBER MONTHS F O L L O W I N G OF THE SURVEY MONTH. PERIOD VARIES WITH THE NUMBER OF DAYS TABLF MATURITY 3A D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 / AS OF 2 5 J U N 1 9 6 9 (AMOUNTS I N M I L L I O N S OF D O L L A R S ) OF DEPOSIT $1 - CD1 S MATUR I N G TOTAL IN $2 0 0 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $ 1 MILLION TO BILLION 1970 ANDi OVER BILLION PRIME - 3/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY TOTAL - 1969 I/ 1,039.6 84.3 184.7 740.1 530.5 191.7 185.9 152.9 JULY 3,978.8 341.3 631.9 868.2 2, 1 3 7 . 4 702.4 804.9 630.1 2,305.4 199.6 454.5 410.9 1,240.4 435.4 455.3 349.7 AUGUST 2,105.2 169.3 380.6 432.9 1, 1 2 2 . 4 351.8 443.1 327.5 SEPTEMBER 1 ,468.6 104.6 276.9 310.4 776.7 194.2 376.8 205.7 OCTOBER 1,056.7 88.9 230.6 203.8 533.4 146.0 210.3 177.1 NOVEMBER 1,121.7 82.3 180.0 252.3 607.1 180.2 234.1 192.A DECEMBER 583.4 40.4 78.4 111.3 353.3 84.8 139.5 129.0 JANUARY 288.8 11.6 49.1 54.5 173.6 40.2 96.2 37.2 FEBRUARY 258.8 18.7 36.9 43.0 160.2 35.5 82.1 42.6 MARCH 18.7 40.2 58.9 191.1 68.5 43 .8 308.9 78.8 APR I L 11.4 29.2 37.9 113.3 50.9 19.7 191.8 42.7 MAY 8.8 27.5 24.6 109.9 53.2 28.0 170.8 28.7 JUNE JULY OR L A T E R 4.2 35.2 72.1 281.9 30.0 199.9 52.0 393.4 1,184.1 2,635.7 3, 1 2 0 . 9 8,331.2 2,532.1 3 ,411.0 2,388.1 15,271.9 JUN 26-30 TOTAL * TAX •AND D I V I D E N D M A T U R I T I E S ) - 7.3 22.9 33.9 13.8 53.2 25.9 10 157.0 92.9 SEPTEMBER 43.1 54.1 53.9 47.7 11.8 73.6 15 2 84.2 175.2 SEPTEMBER 37 7 12 18 NUMBER (MEMORANDUM: 91 85 OF BANKS) 51 — ST Q U A L I T Y TOTALS MAY N O T ADD DUE TO R O U N D I N G - AND WHICH ARE TABLE 3B SALES / I / OF N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S AT WEEKLY R E P O R T I N G BANKS BY S I Z E OF BANKS 3 / AS O F 2 5 J U N 1 9 6 9 (AMOUNTS I N M I L L I O N S O F D O L L A R S ) $1 - CD'S MATURING IN TOTAL $2 0 0 MI L L I O N AND UNDER $200 $500 MILLION TO MILLION $500 MILLION TO $ 1 BILLION MONTH 2/ BILLION ANDi OVER P R I ME 4 / TOTAL NEW YORK CITY 1969 1970 JUN OUTSIDE NEW YORK CITY NON-PRIME 2 6-30 JUL Y 603.9 60.3 92.3 139.1 312.2 113.2 101.5 97.5 AUGUST 222.0 27.7 44.1 43.7 106.5 22.9 37.3 46.3 SEPTEMBER 487.5 55.4 112.6 94.8 224.7 70.7 74.0 80.0 OCTOBER 58.4 8.0 10.2 13.5 26.7 9.9 7.6 9.2 NOVEMBER 91.3 10.5 36.9 12.7 31.2 4.0 21.7 5.5 DECEMBER 506.7 55.3 95.8 118.5 237. 1 68.7 93.1 75.3 45.8 5.9 14.8 13.2 11.9 2.3 2.7 6.9 9.4 1.0 1.6 3.3 3.5 1.3 1.9 0.3 MARCH 12.0 2.1 2.3 2.7 4.9 0.2 3.8 0.9 APR I L 15.4 4.7 4.8 1.7 4.2 0.2 3.0 1.0 MAY 18.7 2.2 4.8 5.3 6.4 4.0 1.5 0.9 172.4 9.0 24.2 19.2 120.0 25.3 68.6 26.1 2*243.5 242.1 444.4 467.7 It 0 8 9 . 3 322.7 416.7 349.9 XXX XXX XXX XXX 12 18 JANUARY FEBRUARY JUNE OR L A T E R TOTAL * TAX SEPTEMBER 10 XXX XXX SEPTEMBER 15 XXX XXX MATURITIES) XXX XXX XXX XXX XXX XXX XXX . „ ,y. 91 DIVIDEND XXX r UC MOD / 264 AND 85 NUMBER OF BANKS) 37 51 1/ 2/ 3/ 4/ SEE TECHNICAL APPENDIX A. I N C L U D E S C E R T I F I C A T E S I N D E N O M I N A T I O N S OF $ 1 0 0 * 0 0 0 OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . T O T A L D E P O S I T S A S R E P O R T E D I N THE C A L L R E P O R T OF C O N D I T I O N ON DECEMBER 3 1 * 1 9 6 5 . P R I M E B A N K S ARE T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G O F THE H I G H E S T R E P O R T E D BY 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 O F EACH OTHER W I T H I N T H E S E C O N D A R Y M A R K E T , * TOTALS MAY N O T ADD DUE TO R O U N D I N G . - " s 7 QUALITY AND WHICH ARE TABLE MATURITY 3C D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 / AS OF 2 5 J U N 1 9 6 9 PERCENTAGE D I S T R I B U T I O N OF DEPOSIT $1 $2 0 0 CD' S 1969 1970 MATUR I N G JUN TOTAL IN 6. 8 26-30 MILLION AND UNDER $200 MILLION TO MILLION $500 $1 MILLION TO BILLION BILLION AND PRIME TOTAL NEW YORK C I TY OVER 3/ OUTSIDE NEW YORK CITY NON-PRN 7.1 7.0 7.7 6.4 7.6 5.5 6.4 JULY 26.1 28.8 24.0 27.8 25.7 27.7 23.6 26.4 AUGUST 15.1 16.9 17.2 13.2 14.9 17.2 13.3 14.6 SEPTEMBER 13.8 14.3 14.4 13.9 13.5 13.9 13.0 13.7 OCTOBER "9. 6 8.8 10.5 9.9 9.3 7.7 11.0 8.6 NOVEMBER 6.9 7.5 8.7 6.5 6.4 5.8 6.2 7.4 DECEMBER 7.3 7.0 6.8 8.1 7.3 7.1 6.9 8.1 JANUARY 3.8 3.4 3.0 3.6 4.2 3.3 4.1 5.4 FEBRUARY 1.9 1.9 1.7 2.1 1.6 2.8 1.6 MARCH 1.7 1.0 1 .6 1.4 1.4 1.9 1.4 2.4 1.8 APRIL 2.0 1.6 1.5 1.9 2.3 2.7 2.3 1.8 MAY 1.3 1.0 1.1 1.2 1.4 1.7 1.5 0.8 1.1 0.7 1.0 0.8 1.3 1.1 1.6 1.2 JUNE JULY OR L A T E R 2.6 0.4 1.3 2.3 3.4 1.2 5.9 2.2 100.0 100.0 100.0 100.0 100.0 100.0 0.5 1.6 1.1 2.9 1.6 2.0 TOTAL * (MEMORANDUM: 100.0 TAX 100.0 AND D I V I D E N D M A T U R I T I E S ) SEPTEMBER 10 1.0 0.6 0.9 1.1 1*1 15 1.9 1.0 1.6 1.7 2 SEPTEMBER 5 * $500 1/ -L TOTALS MAY N O T ADD DUE TO ROUNDING. ARE TABLE MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT WEEKLY R E P O R T I N G BANKS BY S I Z E OF BANKS 2 / AS OF 2 5 JUN 1 9 6 9 CUMULATIVE PERCENTAGE 3D $1 $2 0 0 CO" S MATUR I N G IN MI L L I O N AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION BILLION AND OVER PRIME 3/ NEW YORK CITY OUTSIDE NEW YORK CITY TOTAL NON-PRIME 6. 8 7.1 7.0 7.7 6.4 7.6 5.5 6.4 JULY 32.9 35.9 31.0 35.5 32.1 35.3 29.1 32.8 AUGUST 48.0 52.8 48.2 48.7 47.0 52.5 42.4 47.4 SEPTEMBER 61.8 67.1 62.6 62.6 60.5 66.4 55.4 61.1 OCTOBER 71.4 75.9 73.1 72.5 69.8 74.1 66.4 69.7 NOVEMBER 78.3 83.4 81.8 79.0 76.2 79.9 72.6 77.1 DECEMBER 85.6 90.4 88.6 87.1 83.5 87.0 79.5 85.2 JANUARY 89.4 93.8 91.6 90.7 87.7 90.3 83.6 90.6 FEBR UARY 91.3 94.8 93.5 92.4 89.8 91.9 86.4 92.2 MARCH 93.0 96.4 94.9 93.8 91.7 93.3 88.8 94.0 APRIL 95.0 98.0 96.4 95.7 94.0 96.0 91.1 95.8 MAY 96.3 99.0 97.5 96.9 95.4 97.7 92.6 96.6 JUNE 97.4 99.7 98.5 97.7 96.7 98.8 94.2 97.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 JUN 26-30 JULY OR L A T E R 1/ " TOTAL 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY R E P O R T I N G BANKS. ° U A U TV A N ° w h , c h ARE TABLE 3E SALES / I / OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 3 / AS O F 2 5 J U N 1 9 6 9 PERCENTAGE D I S T R I B U T I O N MONTH $1 CD* S MATUR I N G 1969 JUN IN MILLION AND UNDER $200 $500 MILLION TO MILLION - PRIME TO TAL OVER 4/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 24.9 20.8 29.7 28.7 35.1 24.4 27.9 9.9 11.4 9.9 9.3 9.8 7.1 9.0 13.2 21.7 22.9 25.3 20.3 20.6 21.9 17.8 22.9 OCTOBER 2.6 3.3 2.3 2.9 2.5 3.1 1.8 2.6 NOVEMBER 4.1 4.3 8.3 2.7 2.9 1.2 5.2 1.6 DECEMBER 22.6 22.8 21.6 25.3 21.8 21.3 22.3 21.5 JANUARY 2.0 2.4 3.3 2.8 1.1 0.7 0.6 2.0 FEBRUARY 0.4 0.4 0.4 0.7 0.3 0.4 0.5 0.1 MARCH 0.5 0.9 0.5 0.6 0.4 0.1 0.9 0.3 APRIL 0.7 1.9 1.1 0.4 0.4 0.1 0.7 0.3 MAY 0.8 0.9 1.1 1.1 0.6 1.2 0.4 0.3 JUNE OR L A T E R 7.7 3.7 5.4 4.1 11.0 7.8 16.5 7.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 SEPTEMBER TOTAL * ™ — SEPTEMBER 10 XXX SEPTEMBER 15 XXX 1 n t n u KAINUU M * I Aa 264 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 (MEMORANDUM: * $ 1 MILLION TO B I L L ION AND 26.9 AUGUST 1/ 2/ 3/ 4/ $500 BILLION 26-30 JULY 1970 $200 TOTAL 2/ 91 NUMBER 85 OF BANKS 51 37 SEE TECHNICAL APPENDIX A. I N C L U D E S C E R T I F I C A T E S I N D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . T O T A L D E P O S I T S A S R E P O R T E D I N THE C A L L R E P O R T OF C O N D I T I O N ON DECEMBER 3 1 , 1965. P R I M E B A N K S ARE T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D A S B E I N G O F THE H I G H E S T R E P O R T E D BY 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 O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . T O T A L S MAY N O T ADD DUE T O R O U N D I N G . 7 QUALITY 18 12 AND WHICH ARE TABLE AVERAGE 4 A MATURITY OF OUTSTANDING NEGOTIABLE AT WEEKLY AT TIME REPORTING VARIOUS (IN CERTIFICATES SURVEY JUN 1/ DATES MONTHS) CLASSIFICATION 25 DEPOSIT BANKS DATE O F BANK OF 28-MAY 1969 SURVEY 30 1969 APR 1969 I BY L O C A T I O N ) ALL REPORTING BANKS 3.2 3.2 3.4 3.1 2.9 3.0 CHICAGO 3.2 2.9 2.9 OTHER 3.3 3.3 3.5 ISSUING NEW YORK CD'S CI TY (BY UNDER $2 0 0 $200-$500 MILLION MILLION $ 5 0 0 - $I 1 0 0 0 OVER $1 MILLION BILLION PRIME IN NEW YORK PRIME OUTSIDE CITY NEW Y O R K 3/ CITY 3/ NON-PRIME 1/ INCLUDES 2/ TOTAL CERTIFICATES DEPOSITS AS IN DENOMINATIONS REPORTED IN THE CALL OF $100,000 REPORT OF OR SIZE OF BANK) 2/ 2.8 2.8 2.9 3.0 3.1 3.3 3.1 3.2 3.3 3.4 3.3 3.4 3.0 2.8 2.9 3.8 3.7 3.8 3.2 3.2 3.4 MORE CONDITION ISSUED ON BY W E E K L Y DECEMBER 31, REPORTING 1965. BANKS. TABLE AVERAGE 46 MATURITY OF NEGOTIABLE TIME SOLD DURING BY CERTIFICATES WEEKLY THE MONTH (IN OF REPORTING OF VARIOUS SURVEYS MONTHS) CLASSIFICATION 25 JUN REPORTING ISSUING NEW YORK CD'S CITY OTHER $200- $500 MILLION MILLION $500-$1 1000 OVER $1 MILLION BILLION PRIME IN NEW PRIME OUTSIDE YORK CITY 3/ NEW YORK CITY 3/ NON-PRIME 1/ INCLUDES 2/ TOTAL 3 ' N O T E — SEE CERTIFICATES DEPOSITS AS DENOMINATIONS REPORTED ^EKREPORTETDABSY TECHNICAL IN IN THE CALL DE A L E R S ^ T O ' T R A D E APPENDIX B. 30 1969 APR 1969 LOCATION) 3 . 8 3 . 5 3.5 3 . 6 3 . 5 3.4 4 . 8 3 . 6 3.8 3 . 7 3 . 5 3 . 5 (BY $2 0 0 SURVEY BANKS CHICAGO UNDER OF 28-MAY 1969 (BY ALL 1/ BANKS DATE BANK DEPOSIT OF $100,000 REPORT OF S K I ! " " N F OR BANK) 2/ 3 . 2 3.1 3 . 8 3 . 5 3.5 3 . 5 3 . 6 3.3 3 . 9 3 . 5 3. 7 3 . 4 3 . 6 3.2 4 . 5 3 . 7 4.1 3 . 5 3.2 3 . 7 MORE ^ OF 3 . 6 CONDITION A SIZE B ISSUED ON A BY WEEKLY DECEMBER S ^ " 31, REPORTING BANKS. 1965. E R C H ^ T H E ^ 8 - ! ^ ! ^ T H T S E ^ V M ^ . ^ TABLE RATIO OF OUTSTANDING NEGOTIABLE TO AT TIME TOTAL VARIOUS (PER 5A CERTIFICATES TOTAL D E P O S I T S 2 / M I L L I O N S OF D O L L A R S ) ALL BANKS 25 JUN SURVEY DATES CENT) TOTAL 3/ 30 1969 APR 1969 7 . 0 7.8 UNDER 2 00 7 . 5 7 . 7 7.2 200 - 500 8 . 2 8.5 8 . 4 500 - 1000 7 . 8 8 . 5 8.3 6 . 5 7.5 7 . 6 5 . 2 6 . 5 6 . 6 6 . 4 7 . 0 7 . 3 9 . 0 10.3 9 . 9 1000 PRIME IN NEW PRIME OUTSIDE CERTIFICATES DEPOSITS PRIME BANKS WHICH ARE NOTE - MAY SURVEY 00 2/ 28 1969 OF ISSUING YORK 3 / NEW YORK 3/ N O N P R I ME INCLUDES 1/ CD'S OVER 1/ DEPOSIT DEPOSITS DATE (IN OF AS ARE INTERBANK IN THOSE THE AND DENOMINATIONS REPORTED REPORTED DEPOSITS IN BY WHOSE IN CALL NEGOTIABLE DEALERS DENOMINATOR U.S. THE TO OF GOVERNMENT TRADE THE OF S100,000 REPORT OF OR CONDITION OF CERTIFICATES WITHIN RATIO DEPOSITS. IN 1 MORE OR THIS 2 ISSUED ON DEPOSIT BASIS TABLE WEEKLY DECEMBER ARE POINTS ARE BY 1965 31, REGARDED OF TOTAL REPORTING AS EACH OTHER DEMAND AND BANKS. • BEING OF WITHIN TIME THE THE HH SEC DEPOSITS, TABLE RATIO OF OUTSTANDING NEGOTIABLE (IN ALL DEPOSITS MILLIONS BANKS OF 2 / 5% OR LESS DOLLARS) TIME CERTIFICATES TO TOTAL DEPOSITS AS OF JUN 25 (NUMBER TOTAL 5B 5 TO 10% OF OF DEPOSIT 1/ 1969 BANKS) 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE AVERAGE CD TO D E P O S I T RATIO (PER CENT) ISSUING CD'S 96 91 42 21 10 4 7 . 0 UNDER 200 42 23 14 7 2 3 7 . 5 200 - 500 30 28 13 8 5 1 8.2 500 - 1000 17 19 10 2 3 0 7 . 8 7 21 5 4 0 0 6 . 5 3 4 0 0 0 0 5.2 2 8 1 1 0 0 6.4 2 9 4 3 0 0 9 . 0 OVER 1000 PRIME IN NEW YORK PRIME OUTSIDE NEW 3 / YORK 3 / N O N P R I ME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME BANKS WHICH ARE MOTE- CERTIFICATES AS ARE INTERBANK IN THOSE THE AND DENOMINATIONS REPORTED REPORTED DEPOSITS IN BY WHOSE IN CALL NEGOTIABLE DEALERS DENOMINATOR U.S. THE TO OF GOVERNMENT TRADE THE OF $100,000 REPORT OF OR CONDITION CERTIFICATES WITHIN RATIO DEPOSITS. IN 1 MORE OR THIS OF 2 ISSUED ON DEPOSIT BASIS TABLE WEEKLY DECEMBER ARE POINTS ARE BY 31, TOTAL BANKS. 1965. REGARDED OF REPORTING AS EACH OTHER DEMAND AND BEING OF WITHIN TIME THE THE HIGHEST SECONDARY DEPOSITS, QUALITY MARKET. I NCLUOING AND TABLE PER CENT CHANGE IN OUTSTANDING 28 MAY NEGOTIABLE 1969 TO (NUMBER TOTAL L IN ALL DEPOSITS MILLIONS BANKS OF 2 / REDUCED C D ' S TO ZERO DOLLARS) DECLINES ————————— 1 0 * OR 5 TO MORE 10% OF 25 TIME JUN CERTIFICATE OF DEPOSIT /I 1969 BANKS) OF ——— — 5 * OR LESS NO CHANGE ———— 5% OR LESS INCREASES — 5 TO 10% OF ——— — I S S U E D C D ' S BUT 1 0 % OR HAD NONE O U T S T A N D MORE I N G ON B A S E D A T E ISSUING CD'S 0 75 52 41 34 26 12 23 1 UNDER 200 0 16 14 11 21 6 8 13 1 200 - 500 0 19 17 13 8 16 3 10 0 500 - 1000 0 19 12 11 5 3 1 0 0 0 21 9 6 0 1 0 0 0 0 7 0 0 0 0 0 0 0 0 5 4 3 0 0 0 0 0 0 9 5 3 0 1 0 0 0 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ N O N P R I ME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS 3/ PRIME WHICH B A N K S ARE T H O S E ARE R E P O R T E D BY NOTE- 5C THE HAD AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE N E G O T I A B L E D E A L E R S TO TRADE NUMBER OF B A N K S I N T H I S O U T S T A N D I N G C D ' S ON T H E OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY W E E K L Y R E P O R T I N G DECEMBER 31, BANKS. 1965. C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y AND W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T . T A B L E D I F F E R S FROM T H O S E I N MOST O T H E R LAST SURVEY REDUCED T H E I R O U T S T A N D I N G S T A B L E S TO THE E X T E N T T H A T TO Z E R O ON T H I S S U R V E Y . BANKS THAT < TABLE PER CENT CHANGE IN OUTSTANDING 26 MAR NEGOTIABLE 1969 TO (NUMBER TOTAL (IN ALL DEPOSITS MILLIONS BANKS OF DECLINES REDUCED CD'S 25% OR TO MORE ZERO /2 DOLLARS) 20 TO 25% 50 25 OF TIME JUN CERTIFICATE OF DEPOSIT 1969 BANKS) INCREASE OF 15 TO 10 TO 20% 15% / I 10% 5% OR LESS 5 TO ISSUING NO CHANGE 5% OR LESS 5 TO 10% 10 TO 15% ISSUED C D ' S BUT OF 15 TO 20 TO 20% 25% 25% OR MORE I 40 18 34 19 33 23 19 14 8 9 11 8 33 3 CD'S 200 1 9 5 7 5 13 5 10 7 2 7 3 4 17 2 UNDER 500 7 3 8 6 11 10 6 6 5 1 5 3 I - 0 15 200 1000 9 5 12 5 5 5 3 1 1 1 3 1 0 - 0 1 500 0 15 5 7 3 4 3 0 0 0 0 0 0 0 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 3 2 4 1 1 1 0 0 0 0 0 0 0 0 0 6 2 3 2 3 2 0 0 0 0 0 0 0 0 0 OVER 1000 PRIME IN PRIME OUTSIDE NEW YORK NEW 3/ YORK 3/ NONPR IME 1/ INCLUDES 2/ TOTAL CERTIFICATES DEPOSITS OUTSTANDINGS AS TO IN DENOMINATIONS REPORTED ZERO. IN THE CALL OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING 1965. BANKS. HAD NONE OUTSTANDING ON B A S E D A T E TABLE CHANGE IN OUTSTANDING OVER THE NEGOTIABLE MONTH AT AS THE 28 A PER MAY 1969 (IN ALL O E P O S I TS MILLIONS BANKS CD'S OF 2/ TO 3% AND OVER OF 25 OF CERTIFICATES OF TOTAL THE JUN OF 2 TO 1 TO 3% 2% DEPOSIT 1/ DEPOSITS PERIOD 1969 BANKS ) I N C R E A S E S , OF OF DECLINES DOLLARS) TIME CENT BEGINNING (NUMBER TOTAL 5E 1% ANO LESS NO CHANGE 1 TO 2% 1% AND LESS 3% AND OVER 2 TO 3% ISSUING 1 12 44 115 26 53 9 2 1 UNDER 200 0 1 7 35 16 24 6 1 0 200 - 500 0 5 9 36 6 24 3 1 1 500 - 1000 1 2 12 28 4 4 0 0 0 0 4 16 16 0 1 0 0 0 0 1 3 3 0 0 0 0 0 0 1 3 8 0 0 0 0 0 0 2 10 5 0 1 0 0 0 $100,000 OR MORE REPORTING BANKS. OVER 1000 PRIME IN NEW YORK PRIME OUTSIDE 3/ YORK NEW 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH B A N K S ARE T H O S E ARE R E P O R T E D BY NOTE- CERTIFICATES DEPOSITS INTERBANK IN AS DENOMINATIONS RE P O R T E D THE AND IN IN CALL WHOSE N E G O T I A B L E DEALERS TO TRADE DENOMINATOR U.S. THE OF GOVERNMENT THE OF REPORT OF CONDITION ISSUED ON BY WEEKLY DECEMBER 31* 1965. C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G O F THE H I G H E S T Q U A L I T Y A N D W I T H I N I OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T . RATIO DEPOSITS. IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE CHANGE OVER IN OUTSTANDING THE LAST NEGOTIABLE THREE AT MONTHS THE 26 AS (IN ALL DEPOSITS MILLIONS BANKS OF DECLINES 2/ DOLLARS) TIME MAR 1969 CERTIFICATES A PER BEGINNING TO (NUMBER TOTAL 5F OF 25 OF CENT THE JUN TOTAL DEPOSIT 1/ DEPOSITS PERIOD 1969 BANKS) INCREASES OF 5% AND 4 TO 3 TO 2 1 TO TO 1% AND OVER 5% 4% 3% 2% LESS ISSUING CD'S OF OF 1 It NO CHANGE OF AND TO TO 3 TO 4 TO 5% AND UNDER 2% 3% 4% 5 % OVER 2 17 24 44 74 11 47 15 200 0 2 1 4 15 22 5 23 6 4 3 1 3 UNDER - 500 2 0 2 6 9 26 4 20 6 3 2 2 2 200 - 1000 0 1 6 7 10 17 2 4 3 1 0 0 0 500 0 3 8 7 10 9 0 0 0 0 0 0 0 0 1 3 2 I 0 0 0 0 0 0 0 0 0 1 3 0 3 5 0 0 0 0 0 0 0 0 1 2 5 6 4 0 0 0 0 0 0 0 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL NOTE- CERTIFICATES DEPOSITS DEPOSITS INTERBANK IN AS DENOMINATIONS REPORTED THE AND IN IN DENOMINATOR U.S. THE OF GOVERNMENT CALL THE OF $100,000 REPORT RATIO DEPOSITS. IN OF OR MORE CONDITION THIS TABLE ISSUED ON ARE BY WEEKLY DECEMBER TOTAL 31, DEMAND REPORTING BANKS. 1965. AND TIME DEPOSITS, INCLUDING TABLE MATURITV DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T AS (AMOUNTS CD* s MATUR ING IN STRICTS 1970 JUN DEPOSIT 1/ 1969 MILLIONS OF DOLLARS) BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATL ANTA CHICAGO ST. LOUIS MINNEAP0L1 S KANSAS C I TY DALLAS SAN FRANCISCO 71.4 3 0 9 . 8 18.7 7 0 . 3 3 5 . 0 56.8 106.3 31.6 9.6 29.2 9 4 . 0 206 .9 JUL 3 9 7 8 . 8 210.1 1 0 9 9 . 1 109.7 294.8 111.7 147.0 4 9 2 . 5 6 6 . 4 53.7 126.7 441.6 8 2 5 . 5 AUG 2 3 0 5 . 5 1 2 0 . 6 6 8 9 . 2 59.9 184.3 5 2 . 6 75.5 307.1 4 9 . 3 3 1 . 8 1 0 3 . 9 176.0 4 5 5 . 3 SEP 2 1 0 5 . 3 1 4 1 . 7 5 8 5 . 4 6 4 . 1 133.9 9 0 . 5 80.9 290.2 63.8 27.6 6 5 . 0 163.6 3 9 8 . 6 OCT 1 4 6 8 . 8 1 0 5 . 2 3 1 7 . 8 3 4 . 8 9 1 . 8 5 6 . 9 7 3 . 8 177.0 39.6 2 0. 1 6 0 . 4 117.4 374.0 NOV 1 0 5 6 . 7 5 8 . 9 2 5 5 . 8 3 5 . 3 7 5 . 3 3 4 . 3 6 9 . 1 141.0 4 2 . 3 11.6 3 7 . 4 8 1 . 1 2 1 4 . 6 DEC 1 1 2 1 . 8 1 0 2 . 9 3 1 4 . 6 24.6 7 4 . 9 3 2 . 7 4 4 . 5 139. 3 45.6 17.1 2 8 . 7 92.6 2 0 4 . 3 JAN 5 8 3 . 7 3 0 . 8 142.4 25.0 53.6 7.0 30.1 6 0 . 3 16.1 4 . 0 10.4 6 4 . 1 139.9 FEB 288. 8 1 1 . 3 6 3 . 2 11.6 2 7 . 7 11.2 14.7 4 0 . 2 5.8 2 . 3 5 . 6 15.4 7 9 . 8 MAR 2 5 8 . 8 1 2 . 5 5 6 . 1 7 . 2 19.6 5.8 6 . 0 4 3 . 9 4 . 3 0 . 5 6 . 2 33.8 6 2 . 9 APR 3 0 9 . 3 9 . 0 104.8 7 . 3 3 4 . 9 6 . 7 6 . 2 3 3 . 3 13.2 0 . 4 6 . 6 2 1 . 5 6 5 . 4 MAY 1 9 1 . 9 5 . 3 5 1 . 1 11.0 11.5 3.1 5 . 5 24.2 7 . 0 0.4 2 . 5 2 5 . 4 4 4 . 9 JUN 170. 8 9 . 8 4 4 . 2 5 . 9 15.0 1.8 5 . 7 4 3 . 5 3.6 0.1 2 . 0 7 . 8 3 1 . 4 3 9 3 . 4 15.9 4 2 . 5 12.0 185.2 9 . 2 8.0 4 6 . 7 11.4 7.1 0 . 3 14.3 4 0 . 8 15273.2 9 0 5 . 4 4 0 7 6 . 0 4 2 7 . 1 1 2 7 2 . 8 4 5 8 . 5 6 2 3 . 8 1945.5 4 0 0 . 0 186.3 4 8 4 . 9 1348.6 3 1 4 4 . 3 3 . 2 3.1 2 . 9 3 . 5 4 . 4 3 . 0 3.1 3 . 3 3.6 2 . 8 2 . 6 2 . 9 3 . 1 264 18 49 10 16 16 23 37 11 5 21 25 33 TOTAL 2 5-JUN OR 30 LATER * AVERAGE MATURITY MONTHS NUMBER 2/ OF REPORTING BANKS 1/ INCLUDES 2/ SEE * IN 25 OF 103 9 . 6 JUN JUL IN OF CERTIFICATES ALL DI 1969 6A ONLY TECHNICAL DETAILS MAY NOT CERTIFICATES APPENDIX ADO TO ISSUED IN DENOMINATIONS B. TOTALS DUE TO ROUNDING. OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. TABLE SALES7OF NEGOTIABLE TIME BY FEDERAL I AMOUNTS MATUR ING 1969 25 JUN MILLIONS CLEVE- SINCE PREVIOUS MONTH DISTRICT 1969 OF DOLLARS) CHI- RICH- MINNE- ST. KANSAS CITY DALLAS SAN FRANCISCO BOSTON 19.5 10.0 6. 6 136.4 17.6 2 2 . 2 75.8 189.6 16.7 3 4 . 7 2 . 4 603. 8 7 2 . 3 JUL 4 . 7 10.5 2.2 5 1 . 2 17.0 2 1 . 0 12.7 6.3 13.2 5 5 . 1 1.9 2 2 2 . 2 2 6 . 4 AUG 19.8 18.5 2 1 . 5 16.8 4 0 . 7 101.9 135.1 14.6 19.7 3 4 . 6 3.6 4 8 7 . 4 60.6 SEP 2 . 1 6 . 2 8.1 10.3 2 . 2 1.3 0 . 5 0.4 1 . 8 19.6 0.0 5 8 . 4 5 . 9 OCT 7 . 4 2 . 1 10.2 9 . 5 2 1 . 7 1.7 2 . 8 9 . 4 0 . 9 2 . 1 2 . 9 91. 3 20.6 NOV 21.7 7 1 . 9 110.0 2 8 . 7 4 0 . 2 9 . 7 15.4 129.6 11.0 3 3 . 8 15.4 506. 8 19.4 DEC 9 . 8 2.1 4 . 3 1.6 3 . 1 3 . 5 1.0 8.5 0.1 8. 1 3.6 46. 0 0 . 3 JAN 0 . 6 1.4 1 . 2 1 . 1 1.1 0 . 5 0.5 1.9 0 . 0 0.6 0.2 9 . 3 0 . 2 FEB 0 . 3 2 . 9 1.2 0 . 5 2 . 5 0 . 5 0 . 5 1.2 0.1 2 . 0 0.1 1 1 . 8 0 . 0 MAR 0 . 1 2 . 9 1.8 0 . 1 0 . 9 0 . 2 0 . 0 7.4 0 . 0 0.1 0.1 1 5 . 5 1.9 APR 0 . 2 2 . 7 3 . 3 0 . 0 4 . 1 0 . 6 0.2 5 . 1 0 . 0 0.4 2.0 1 8 . 9 0 . 3 MAY 1.7 3.0 2.2 4 1 . 0 4 . 3 6 . 1 5 . 0 2. 1 3 4 . 3 7.6 11.2 53.7 1 7 2 . 2 6 8 . 8 106.1 313.3 65.6 4 8 4 . 3 104.9 2 0 6 . 3 6 7 . 1 22.2 1 4 2 . 6 596.8 65.6 2 2 4 3 . 6 3 . 2 4 . 2 4. 6 4 . 8 3 . 3 3 . 1 3 . 6 3 . 5 JUN TOTAL OR DELPHI A LAND MONO ATLANTA CAGO - 3/ 1/ SEE 2/ INCLUDES TECHNICAL 3/ SEE ONLY TECHNICAL DETAILS YORK MATURITY MONTHS LATER * AVERAGE • PHI LA- RESERVE OF IN DEPOSIT BANKS D I S— TRICTS 1970 IN ALL IN 2/ C E R T I F I C A T E S OF WEEKLY R E P O R T I N G AS CD' S 68 MAY NOT APPENDIX A. CERTIFICATES APPENDIX ADD TO ISSUED IN DENOMINATIONS B. TOTALS DUE TO ROUNDING. OF S 1 0 0 . 0 0 0 OR MORE BY WEEKLY REPORTING BANKS. 4. 8 TABLE MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME AT W E E K L Y R E P O R T I N G B A N K S BY FEDERAL AS RESERVE OF 25 (PERCENTAGE CD'S 1969 1970 MATURING JON CERTIFICATES OF DEPOSIT 1/ DISTRICT 1969 DISTRIBUTION) ALL LOUIS KANSAS CITY DALLAS 5 . 5 7.9 5.2 6 . 0 7 . 0 6 . 6 23.6 2 5 . 3 16.6 2 8 . 8 2 6 . 1 3 2 . 7 2 6 . 3 11.5 12.1 15.8 12.3 17. 1 21.4 13.1 14.5 1 0 . 5 19.7 13.0 1 4 . 9 16.0 14.8 13.4 1 2 . 1 12.7 8 . 1 7 . 2 12.4 11.8 9. 1 9 . 9 10.8 1 2 . 5 8 . 7 11.9 6 . 3 8 . 3 5 . 9 7 . 5 11.1 7 . 2 10.6 6.2 7 . 7 6 . 0 6 . 8 11.4 7 . 7 5 . 8 5.9 7 . 1 7 . 1 7 . 2 11.4 9.2 5 . 9 6 . 9 6 . 5 3. 8 3 . 4 3 . 5 5 . 9 4 . 2 1.5 4 . 8 3 . 1 4 . 0 2.1 2 . 1 4 . 8 4 . 4 FEB 1 . 9 1.2 1.6 2 . 7 2 . 2 2 . 4 2 . 4 2 . 1 1.5 1.2 1.2 1 . 1 2 . 5 MAR 1 . 7 1.4 1.4 1.7 1 . 5 1.3 1.0 2 . 3 1.1 0.3 1.3 2 . 5 2.0 APR 2 . 0 1.0 2 . 6 1.7 2 . 7 1.5 1.0 1 . 7 3.3 0.2 1.4 1.6 2 . 1 MAY 1 . 3 0.6 1.3 2.6 0 . 9 0 . 7 0 . 9 1.2 1.8 0.2 0.5 1.9 1.4 J UN 1.1 1.1 1.1 1.4 1.2 0 . 4 0 . 9 2 . 2 0 . 9 0. 1 0 . 4 0.6 1.0 2 . 6 1.8 1.0 2.8 14.6 2.0 1.3 2 . 4 2.9 3.8 0 . 1 1 . 1 1.3 100. 0 100.0 100.0 100.0 100.0 100.0 100.0 1 0 0 . 0 100.0 100.0 1 0 0 . 0 100.0 100.0 OR BY DELPHIA RICHMOND ATLANTA 7.6 4 . 4 5 . 5 7.6 9. 1 23.2 2 7 . 0 2 5 . 7 2 3 . 2 24.4 15. 1 13.3 16.9 14.0 14.5 SEP 1 3 . 8 15.7 14.4 15.0 OCT 9 . 6 11.6 7 . 8 NOV 6 . 9 6 . 5 DEC 7 . 3 JAN BOSTON 6 . 8 7 . 9 JUL 2 6 . 1 AUG J UN TOTAL 2 5 — J UN OR LATER * INCLUDES 30 ONLY CERTIFICATES ISSUED IN NEW YORK DENOMINATIONS OF $ 1 0 0 , 0 0 0 MORE CHICAGO WEEKLY ST. SAN FRANCISCO MINNEAPOLI S PHILA- CLEVELAND DI S TRICTS JUL 1/ IN 6C REPORTING BANKS. TABLE MATURITY DISTRIBUTION OF 60 OUTSTANDING NEGOTIABLE TIME AT WEEKLY R E P O R T I N G BANKS BY F E D E R A L R E S E R V E D I S T R I C T AS OF 25 (CUMULATIVE JUN CERTIFICATES OF OEPOSI 1969 PERCENTAGE) S AN - S ™ , N 3 s c S . S I S 7 . s - SS-.U-T. '•« '•> a i L J i ; s - 5 *-z 6 6 - 6 -° 32.9 31.1 34.6 30.1 28.7 32.0 32.7 30.8 24.5 34.0 32.1 39.7 32.9 48.0 44.4 51.5 44.1 43.2 43.5 44.8 46.6 36.8 51.1 53.5 52.8 47.4 p 61.8 60.1 65.9 59.1 53.7 63.2 57.8 61.5 52.8 65.9 66.9 64.9 60.1 0 C T 71.4 71.7 73.7 67.2 60.9 75.6 69.6 70.6 62.7 76.7 79.4 73.6 72.0 78.3 78.2 80.0 75.5 66.8 83.1 80.7 77.8 73.3 82.9 87.1 79.6 78.8 85.6 89.6 87.7 81.3 72.7 90.2 87.8 85.0 84.7 92.1 93.0 86.5 85.3 89.4 93.0 91.2 87.2 76.9 91.7 92.6 88.1 88.7 94.2 95.1 91.3 89.7 91. 3 94.2 92.8 89.9 79.1 94.1 95.0 90.2 90.2 95.4 96.3 92.4 92.2 93.0 95.6 94.2 91.6 80.6 95.4 96.0 92.5 91.3 95.7 97.6 94.9 94.2 95.0 96.6 96.8 93.3 83.3 96.9 97.0 94.2 94.6 95.9 99.0 96.5 96.3 96.3 97.2 98.1 95.9 84.2 97.6 97.9 95.4 96.4 96.1 99.5 98.4 97.7 97.4 98.3 99.2 97.3 85.4 98.0 98.8 97.6 97.3 96.2 99.9 99.0 98.7 J U L S E D E C F E B 100.0___100.0___100.0___100.0___100.0___100.0_ CERTIFICATES ISSUED IN DENOMINATIONS OF S100.000 OR "ORE 100.0^ BY WEEKLY R E P O R T I N G BANKS. TABLE 6E 1/ SALES 2/ OF NEGOTIABLE TIME BY CERT I F I C A T E S OF D E P O S I T WEEKLY R E P O R T I N G BANKS FEDERAL RESERVE D I S T R I C T AS OF 25 (PERCENTAGE CD1S MATURING 1970 CLEV E LAND RICHMOND ATLANTA CHICAGO SAN FRAN- LOUIS MINNEAPOLIS KANSAS CITY DALLAS CISCO ST. 26.9 24.3 31.8 26.2 21.2 28.3 9.4 23.1 10.1 10.8 25.5 36.7 28.2 9.9 9.3 9.2 18.9 16.2 6.8 9.9 8.4 3.4 8.6 9.6 10.2 10.6 AUG 21.7 24.3 22.6 21.8 18.9 26.9 20.3 19.3 25.6 16.2 30.0 19.7 21.0 SEP 2.6 1.3 3.3 0.7 2.1 3.1 5.6 2.0 12.3 0. 0 0.6 0.6 2.1 OCT 4. 1 1.5 1.6 2.5 7.1 3.1 19.4 3. 3 4.4 4. 1 4.3 4.6 4.5 NOV 22.6 23.7 21.7 14.5 27.4 28.2 20.5 22.9 23.5 49. 5 23.5 19.5 22.7 DEC 2.1 5.7 1.4 5.2 1.5 0.4 9.2 0.7 5.5 0.5 1.5 1.5 0.9 JAN 0.4 0.4 0.3 0.7 1.0 0.3 0.6 0.4 0.3 0. 0 0. 8 0.5 0.2 FEB 0.5 1.4 0.2 0.7 0.5 0.0 0.3 0.9 0.2 0.5 0.8 1.2 0.2 MAR 0.1 1.2 0.3 0.1 0.1 1.8 0.9 0.2 0. 0 0.4 0.4 0.7 0.0 APR 0.3 0.9 0.9 0.0 0.3 0.3 0.9 3.0 0.3 2.0 0.7 0. 8 0.0 MAY 7.9 5.7 7.5 4.1 2.5 2.8 17.1 11.6 9 . 9 3.2 3.0 8.5 7 . 7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OR BY OR LATER 100. 0 * 2/ INCLUDES * PHILADELPHIA JUL SEE - 1969 BOSTON 1/ NOTE MONTH TRICTS JUN TOTAL NEW YORK PREVIOUS DISTRIBUTION) ALL IN 01 s - 1969 JUN SINCE TECHNICAL ONLY SALES DETAILS APPENDIX MAY IN A. CERTIFICATES THIS NOT ADD TABLE TO 1 ISSUED ARE TOTALS NOT DUE IN DENOMINATIONS ADJUSTED TO FOR ROUNDING. CD'S OF THAT $ 1 0 0 , 0 0 0 HAVE MORE MATURED. WEEKLY REPORTING BANKS. TECHNICAL APPENDIX A DERIVATION 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 an outstanding quantity for a time period com- parable 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 regulations 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 CD'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 comparibility 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 bv 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.
@FedFRASER