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, December 26, 1967 L.4.1 CONFIDENTIAL (FR) SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF November 29, 1967 Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System. TABLF MATURI TY D I S T R I B U T I O N OF OUTSTANDING WEEKLY NEGOTIABLE MATURING I N 1967 NOVEMBER 1968 AMOUNT ( M I L L I O N S OF DOLLARS) 30 TfMF 1/ C E R T I F I C A T E S OF DEPOSIT AT REPORTING BANKS AS OF 2 9 CD'S 1 NOV 1 9 6 7 PERCENTAGE DISTRI9UTION CUMULATIVE PERCENTAGE SALES SINCE PREVIOUS MONTH 7 ! ( M I L L I O N S OF DOLLARS) 396.3 1.9 1.9 .0 DECEMBER 5,920.0 28.0 29.9 1,193.3 JANUARY 4,530.5 21.4 51.3 916. ? FEBRUARY 2,785.0 13.2 64.5 1,301 . 8 MARCH 1,913.7 9.1 73.6 455.2 APRIL 1,801.1 8.5 82. 1 438.5 MAY 964.6 4.6 86.7 43 a . 8 JUNE 631.3 3.0 89.7 88. 1 JULY 453.6 2.1 91.8 2 8. 7 AUGUST 422.3 2.0 93.8 4 R. 5 SEPTEMBER 313.2 1.5 95. 3 23.4 OCTOBER 267.8 1.3 96.6 39.5 NOVEMBER 176.3 .8 97.4 138.0 OVER 556.4 2.6 100.0 XXX 21,132.2 100.0 XXX 5,110. \ 1 2 MONTHS TOTAL (MEMORANDUM: DECEMBER DECEMBER 319.1 1,248.9 1.1 15 1/ INCLUDES ONLY C E R T I F I C A T E S 2/ SEE T E C H N I C A L A P P E N D I X 3/ SALES OF C D ' S MATURING AFTER I N DENOMINATIONS A. 1 1 MONTHS. TAX . AND D I V I D E N D MATUR IT IES 1 1.5 5.9 OF $ 1 0 0 , 0 0 0 OR MQRF XXX XXX ISSUED BY WEEKLY REPORTING BANKS. 77.4 100. 5 3/ TABIE 2A 1/ M A T U R I T Y D I S T R I B U T I O N OF OUTSTANDING NEGOT I A B L F T IMF C E R T I F I C A T E S OF D E P O S I T AT NEK YORK C I T Y * CHICAGO* A NO ALL OTHER WEEKLY REPORTING RANKS AS (IN OF 2 9 MILLIONS NOV 1 9 6 ? OF DOLLARS) NEW YORK C I T Y CD'S 1967 1968 MATURING NOV IN AMOUNT 30 CHICAGO SALFS SINCF PREVIOUS MONTH 2 / AMOUNT - ALL SALES S I N C E PREVIOUS MONTH 2 / OTHER WEEKLY REPORTING BANKS AMOUNT - SALES SINCE PREVIOUS MONTH 2 / 205. 2 .0 11.8 .0 DECEMBER 2,397.5 303.2 379.8 54.9 3,142.7 834.5 JANUARY 1,721.1 315.9 469.3 105.6 ?,340.1 495.0 FEBRUARY 1,014. 5 605.3 280.1 1 19.6 1 ,490.4 576.8 MARCH 609. 1 170.5 222.4 80.3 1,082.2 204.4 APR I L 468.8 132.7 170.7 36.0 1 ,161.6 271.0 MAY 301. 1 88.2 69.4 26 . 7 594.1 324.4 JUNE 210. 0 31.7 61.2 2.5 360.1 53.9 JULY 106. 8 4.3 53.9 1.4 292.9 23.1 AUGUST 139.2 1 0.3 35.8 6.8 247.3 31.0 SEPTEMBER 77.4 4.4 19.5 1.0 216.3 17.8 OCTOBER 84. 1 4.9 27.7 3.4 156.0 31.2 NOV EM BER 62. 6 25.0 5.3 21.8 108.4 92.1 OVER 85. 0 XXX 31.5 XXX 439.9 XXX ,811.4 2,955.2 12 MONTHS TOTAL * 1,695.8 7*482.4 NUMBER OF REPORTING BANKS /3 1*838.4 12 11 15 132.4 757.3 1/ INCLUDES ONLY C E R T I F I C A T E S 2/ SEE TECHNICAL 3/ SALES OF C D ' S MATURING AFTFR APPENDIX TAX 460.0 A. MONTH S. Digitized* forTOTALS FRASERMAY NOT ADD DUE TO R O U N D I N G . 33.3 92.7 $100,000 1 1 .0 243 AND D I V I D E N D M A T U R I T I E S ) 16.1 44.0 IN D E N O M I N A T I O N Of 11 /3 11 (MEMORANDUM: DECEMBER DEC EMBER 179.3, CR MORE 2 .5 1.1 ISSUED BY WFEKLY REPORTING BANKS. 153.4 399.9 59.0 55.6 /3 TABLE 26 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE T I M E NEW YORK C I T Y , CHICAGO, AS OF 2 9 AND A L L AND 2 5 OCT 29 DAYS 2 7 NOV 25 CHICAGO OCT 2 9 NOV — ALL 29 NOV OTHER ,.r_. m m i 2 5 OCT 4.1 .6 5.0 1.5 5.6 0 1 MONTHS 3 / 32.0 16.2 20.7 12.9 26.6 18.4 0 2 MONTHS 23.0 29.9 25.5 19.5 19.8 20.2 0 3 MONTHS 13.6 20.1 15.2 21.8 12.6 16.1 0 4 MONTHS 8.1 5 .9 12,1 9.6 9.2 8. 0 0 5 MONTHS 6.3 6.3 9.3 8.5 9.8 7.7 0 6 MONTHS 4.0 4.8 3.8 8.1 5.0 7.8 0 7 MONTHS 2.8 3.0 3.3 2.6 3.1 2.4 0 8 MONTHS 1.4 2.5 2.9 3.5 2.5 2.7 09 MONTHS 1.9 1.5 1.9 3.2 2.1 2.4 10 MONTHS 1.0 1 .8 1.1 1.7 1.8 1.9 1 1 MONTHS 1.1. 1 .0 1.5 1.1 1.3 1.7 12 MONTHS .8 1.1 .3 1.5 .9 1.1 1.1 1.7 1.7 .9 3.7 4.0 100.0 100.0 100.0 100.0 100.0 100. 0 OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING TOTAL * 1/ INCLUDES ONLY C E R T I F I C A T E S BANKS. 2/ NUMBER OF DAYS R E M A I N I N G I N SURVEY MONTH. T H I S FOLLOWING THF LAST WEDNESDAY OF THE MONTH. 3f NUMBER OF MONTHS FOLLOWING THF SURVEY — 25 OCT 2.7 OVER 1 2 MONTHS * 1967 DISTRIBUTION) NEW YORK C I T Y C 0 ^ S MATURI NG I N 0-6 OTHER WEFKLY REPORTING BANKS NOV 1 9 6 7 (PERCENTAGE C E R T I F I C A T E S OF O E P Q S I T ^ A T TOTALS MAY NOT ADD DUE I N DENOMINATIONS TO ROUNDING. MONTH. PERIOD V A R I F S W I T H THF NUMBER OF DAYS TABLE 2C M A T U R I T Y D I STRI BUTTON OF OUTSTANDING NEGOTIABLE NEW YORK C I T Y , CHICAGO, AS OF 29 AND ALL NOV 1 9 6 7 (CUMULATIVE IN 1DAYS 2 / 1/ 3F D F P 3 S I T AT AND 2 5 OCT 19 6 7 OISTRIBUTION) CHICAGO ALL OTHER — 29 0-6 CERT I F I C A T E S OTHER WEEKLY REPORTING BANKS NFW YORK C I T Y O ' S MATURING TIME NOV 2.7 25 OCT 29 NOV .6 4.1 2 5 OCT 5.0 2 9 NOV 2 5 OC 1.5 5.6 34.7 70 21 . 3 1 7.9 ?« . 1 24. 0 0 2 MONTHS 57.7 50 . 2 46.8 37.4 47.9 44.2 0 3 MONTHS 71.3 70.3 62.0 59. 2 60.5 60.3 0 4 MONTHS 79.4 76.1 74.1 68.8 69.7 68.3 05 MONTHS 85.7 82.4 83.4 77.3 7Q.5 76. 0 0 6 MONTHS 89.7 87.2 87.2 85.4 94.5 83. 8 0 7 MONTHS 92.5 90.2 90.5 88.0 87.6 86.2 0 8 MONTHS 93. Q 92.7 93.4 91.5 90.1 88. 9 0 9 MONTHS 95. 8 94.2 95.3 94.7 92.2 91.3 01 MONTHS 3 / 10 MON TH S 96.8 96.0 96.4 96.4 94 e 0 °3 . 2 1 1 MONTHS 97.9 97.0 97.9 97.5 95.3 94.9 12 MOMTHS 98.7 98.1 98.2 99.0 96.2 96. 0 100.0 100.3 „100.0 100.0 100 . 0 1 00. 0 OVER 12 MONTHS If INCLUDES ONLY C E R T I F I C A T E S BANKS. I N DENOMINATIONS 2/ NUMBER OF DAYS R E M A I N I N G I N SURVEY MONTH. T H I S FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3/ NUMBER OF MONTHS FOLLOWING THE SURVEY PONTH. OF S 1 0 0 , O O O OR MORE ISSUED BY WEEKLY REPORTING P E R I O D V A R I E S W I T H THE NUMBER OF DAYS TABLE 3A M A T U R I T Y D I S T R I B U T ! ON 0 = OUTSTANDING NEGOTIABLE T I M F C E R T I F I C A T E S AT WEEKLY REPORTING RANKS BY S I T E OF BANKS 2 / AS OF 29 NOV 1 9 6 7 (AMOUNTS I N M I L L I O N S OF DOLLARS) OF D E P O S I T 1/ $1 B I L L I O N CD'S MATURING 1 9 6 7 NOV 1968 IN 30 TOTAL $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO B I L L ION AND OVER PRIME TOTAL 3/ OUTSIDE NEW YORK CITY NON-PR IMF NEW YORK CITY 396.3 13.8 40.2 55.3 287.0 196.8 53.9 36.3 DEC EMBER 5, 9 1 9 . 9 253.5 573.1 767.2 4, 3 2 6 . 1 2,293.8 1 ,291.2 741.1 JANUARY 4 , 53 0 . 4 184.7 482.7 697.1 3, 165.9 1,643.7 970.6 551.6 FEBRUARY 2,785. 0 122.4 295 . 1 446. 4 1,921. 1 968. 5 602.3 350.3 MAR CH 1,913. 5 72.3 199.1 338.5 1,303.6 570. 0 464.7 268.9 APRIL 1,801.2 66.3 187.3 283.7 1, 2 6 3 . 9 436.1 557.4 270.4 MAY 964.6 42.6 116.7 146.5 658. 8 286.8 242.5 129.5 JUNE 631. 3 31.2 66.0 100.1 434.0 197.7 160.8 75.5 JULY 453.6 18.6 48.7 78.6 307.7 95. 7 128.2 83.8 AUGUST 422.4 11.I 75.8 57.6 277.9 125. 7 95.5 56.7 SEPTEMBER 313.1 19.7 32.4 83.2 177.8 63.2 66.2 48.4 OCTOBER 267.7 10.5 38.2 39.6 179. 4 82.8 68. 1 28.5 NOVEMBER 176.3 7.2 32.4 23.5 113. 2 57.8 27.6 27.8 DECEMBER OR LATER 556.4 7.1 57.1 98.6 393.6 77.1 229.2 87.3 21,131.7 861.0 2,244.8 3•215.9 14,810.0 7,095.7 4,958.2 2,756.1 TOTAL * — DECEMBER l l DECEMBER 15 (MEMORANDUM: TAX —• 318.9 9.6 30.8 61.3 217.2 122.2 57.8 37.2 1,248.9 17.6 60.9 83.3 1,087.1 742.0 260.5 84.6 12 18 (MEMORANDUM: 266 1/ 2/ 3/ AND D I V I D E N D M A T U R I T I E S ) 94 NUMBER OF BANK S I 85 50 37 INCLUDES 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 S t O O , 0 0 0 OR MORE I S S U E D BY WEEKLY REPORTING B A N K S . TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF C O N D I T I O N CN DECEMBER 3 1 , 1 9 6 5 . 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 3 F THE H I G H E S T Q U A L I T Y REPORTED BY DEALERS TO TRA&E. W I T H I N 1 OR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE SECOHDARY MARKET* Digitized*for FRASER TOTALS MAY NOT ADD DUE TO R O U N D I N G . AND WHICH ARE TABLE 36 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 MONTH 2 / AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 3 / AS OF 2 9 NOV 1 9 6 7 (AMOUNTS I N M I L L I O N S OF D O L L A R S * $1 - CD'S 19 6 7 MATURING NOV IN $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION AND OVER PRIME 4 / TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME : 30 DECEMBER 1968 TOTAL BILLION It 193. 2 76.3 153.1 202.6 761.2 2 89.4 264.7 207.1 916.2 38.3 111.4 146.4 620. 1 301.4 208.7 110.0 1,301.9 56.3 115.4 183.7 946.5 580. 7 223.6 142.2 MARCH 455.0 16.8 25.2 65.8 347.2 166. 5 121.3 59.4 APR IL 438.6 11.5 29.8 51.6 345.7 130.2 177.4 38.1 MAY 438.8 29.4 72.4 80.4 256.6 79.4 110.0 67.2 JUNE 87.9 10.7 4.2 12.0 61.0 31.7 18.2 11.1 JULY 28.9 3.2 3.9 5.4 16.4 4.0 6.3 6.1 AUGUST 48. 6 1.5 6.7 12.2 28.2 9.0 13.7 5.5 SEPTEMBER 23.4 2.1 3.8 4.4 13. 1 3.4 6.5 3.2 OCTOBER 39.6 1.8 14.9 3.2 19.7 4.4 7.9 7.4 138. 0 6.5 25.1 25.9 80.5 21.7 31.9 26.9 5, 1 1 0 . 1 254.4 565.9 793.6 3,496.2 1,621.8 1,190.2 684.2 JANUARY FEBRUARY NOVEMBER OR L A T E R TOTAL * ... — - — — 1 u r u n n iu • TAX /AND D I V I D E N D M A T U R I T I E S ) DECEMBER 11 77.2 4.8 9.0 29.2 34.2 15.9 9.0 9.3 DECEMBER 15 100. 6 2.8 16.1 14.3 67.4 43.4 9 +2 14.8 NUMBER OF IMEMORANOUM: 266 1/ 2/ 3/ 4/ 94 AS BANKS) 50 SEE T E C H N I C A L A P P E N D I X A . INCLUDES 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 CR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . TOTAL D E P O S I T S AS REPORTED I N THE CALL REPORT OF C O N D I T I O N ON OECEMPRR 3 1 , 1 9 6 5 . P R I M E BANKS ARE THOSE 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 REGARDED AS ^ ING 3 F THE H I G H E S T 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 FACH OTHE? W I T H I N THF SECONDARY M A R K E T . * forTFRASER O T A L S MAY NOT ADD DUE TO R O U N D I N G . Digitized 12 37 QUALITY AND WHICH ARE 18 TABLE 3C MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE T I M E CERT i r ICATES OF D E P O S I T AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 / AS OF 2 o NOV 1 9 6 7 PERCENTAGE D I S T R I B U T I O N $ 1 B I L L I O N AND OVER - CO* S MATURING IN TOTAL $200 MiLLION AND UNDER $200 $500 MILLION T0 MILLION $500 $1 MILLION TO BILLION 1/ - PRIME TOTAL NEW YORK CITY 1 9 6 7 NOV 1968 30 1.9 1.6 1.8 1.7 1.9 DECEMBER 28.0 29.4 25.5 23.9 29.2 JANUARY 21.4 21.5 21.5 21.7 FEBRUARY 13.2 14.2 13.1 MARCH 9.1 8.4 APR H 8.5 MAY OUTSIDE NFW YORK CITY NON-PRIME 1.1 1.3 32.3 26. 0 26.9 21.4 23.2 19.6 20.0 13.9 13.0 13.6 12.1 12.7 8.9 10.5 8.8 8. 0 9.4 9.8 7. 7 8.3 8.8 8.5 6.1 11.2 9.8 4.6 4.9 5.2 4.6 4.4 4. 0 4.9 4.7 JUNE 3.0 3.6 2.9 3.1 2.9 2. 8 3.2 2.7 JULY 2.1 2.2 2.2 2.4 2.1 1.3 2.6 3.0 AUGUST 2.0 1.3 3.4 1.8 1.9 1.8 1.9 2.1 SEPTEMBER 1.5 2.3 1.4 ?.6 1.2 0. 9 1.3 1.8 OCTOBER 1.3 1.2 1.7 1. 2 1.2 1.2 1.4 1.0 NOVEMBER 0. 8 0. 8 1 .4 0.7 0.8 0. 8 0.6 1.0 DEC B*BER OR LATER 2.6 0. 8 2.5 3. 1 2.7 1. 1 4.6 3.2 100.0 100.0 100.0 TOTAL * % n u f \ W I V J 1 AA 100.0 100.0 100.0 100.0 100.0 Anft/ D I V I D E N D M A T U R I T I E S ) DECEMBER 11 1.5 1.1 1.4 1.9 1.5 1.7 1.2 1.3 DECEMBER 15 5.9 2.0 2.7 2.6 7.3 10.5 5.3 3.1 1/ 2/ 3/ * 2. 8 3/ INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY WEEKLY REPORTING B A N K S . TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT O p - C O N D I T I O N ON DECEMBER M , 1945. P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF OFPOSM ARE R E l A R t l E D AS H f ING OF THE HIGHEST REPORTED BY DEALERS TO TRADE W I T H I N 1 OR ? B A S I S POINTS OF EACH OTHER W I T H I N THE SECONDARY M A R K E T . TOTALS MAY NOT ADO DUE TO ROUNDING. QUALITY AND WHICH ARE TABLE 3D M A T U R I T Y D I S T R I B U T I O N OF OUTSTANDING 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 1 Z AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 / AS OF 2 9 NOV 1 9 6 7 CUMULATIVE PERCENTAGE S I B I L L I O N AND OVER C D ' S MATURING IN TOTAL S20a MILLION AND UNDER $200 MILLION TO $500 M I L L I O N $500 $1 MILLION TO BILLION - PRIME 3 / TOTAL NEW YORK CITY 1 9 6 7 NOV 1968 30 NON-PRIME 1.9 1.6 1.8 1.7 1.9 2. 8 1.1 1 .3 DECEMBER 29.f 31.0 27.3 25.6 31.1 35.1 27.1 28.2 JANUARY 51.3 52.5 48.A 47.3 52.5 58.3 46.7 48.2 FEBRUARY 64.5 66.7 61.9 61.2 65.5 71.9 58.8 60.9 MARCH 73.6 75.1 70.8 71.7 74.3 79.9 68.2 70.7 APR IL 82.1 82. 8 79.1 80.5 82.8 86. 0 79.4 80.5 MAY 86.7 87.7 84.3 85.1 87.2 90.0 84.3 85.2 JUNE 89.7 91. 3 87.2 88.2 90.1 92.8 87.5 87.9 JULY 91,8 93.5 89.4 90.6 92.2 94.1 90.1 90.9 AUGUST 93.8 94.8 92.8 92.4 94.1 95.9 92.0 93.0 SEPTEMBER 95.3 97.1 94.2 95.0 95.3 96.8 93.3 94.8 OCTOBER 96.6 98.3 95.9 96. 96.5 98.0 94.7 95.8 NOVEMBER 97.4 99. 1 97.3 96.9 97.3 98.8 95.3 96.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 DECEMBER OR LATER 1/ 2/ 3/ OUTSIDE NEW YORK CITY 2 INCLUDES 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 REPORTING B A N K S . TOTAL D E P O S I T S AS REPORTED I N THE C A L L REPORT OF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 . P R I M E BANKS ARE THOSE WHOSF 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 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THF SECONDARY M A R K E T . T A B L F 3E SALES Z1 / OF NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT S I N C E P R E V I O U S MONTH 2 / AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 / AS OF 2 9 NOV 1 9 6 7 PERCENTAGE D I S T R I B U T I O N $ 1 B I L L I O N AND OVER - CD'S MATURING 1 9 6 7 NOV 1968 IN TOTAL $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 MILLION TO $1 BILLION TOTAL OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY DECEMBER 23.3 30.0 27.1 25.5 21.8 17. 8 22.2 30.3 JANUARY 17,9 15.1 19.7 19.4 17.7 18.6 17.5 16.1 FEBRUARY 25.5 22.1 20.4 23.1 27.1 35. 8 18.8 20.8 MARCH 8.9 6. 6 4.5 8.3 9.9 10.3 10.2 8.7 APR 1L 8.6 4.5 5.3 6.5 9.9 8.0 14.9 5.6 MAY 8.6 11.6 12.A 10.1 7.3 4.9 9.2 9.8 JUNE 1.7 4.2 0.7 1.5 1.7 2.0 1.5 1.6 JULY 0.6 1.3 0.7 0.7 0.5 0.2 0.5 0.9 AUGUST 1.0 0.6 1.2 1.5 0.8 0.6 1.2 0.8 SEPTEMBER 0.5 o. e 0.7 0.6 0.4 0. 2 0.5 0.5 OCTOBER 0.8 0.7 2.6 0.4 0 . 6 0.3 0.7 1.1 NOVEMBER OR LATER 2.7 2.6 4.4 3. 3 2.3 1.3 2.7 3.9 100.0 100. 0 100 . 0 100.0 100.0 100. 0 100. 0 100.0 3.7 1.0 1.0 0. 8 1.4 1.8 1.° 2.7 0.8 2.2 * ' •NU DECEMBER DECEMBER 11 15 1.5 2.0 l.Q 1.6 1. 1 2.8 (MFMflRANnuM: 266 * PRIME 4 / 30 TOTAL ]/ 2/ 3/ 4/ - 04 V 1 V 1 yt C ! V U MATURITIES) NUMBER OF 85 *0 37 7 SEE TECHNICAL A P P E N D I X A . INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF SI . 1 0 , 0 0 0 CP V " ' E iSSUEC PY KcFKLV c PGR T I N G 3 A N K S . TOTAL DEPOSITS AS REPORTED I N THE (.ALL REPORT PF C O N D ' T i C N ON )ECF16ER 3 1 , 1 9 A 5 . P R I M E BANKS ARE THOSF WHOSE NEGOTIABLE C E R T I F I C A T E S HE DEPOSIT REGARDED AS B E I N G OF THE HIGHEST Q U A L I T Y REPORTED BY DEALERS TO TRADE W I T H I N i OF ? B A S I S POINTS : F EACH OTHER W I T H I N THE SECONDARY MARKET. TOTALS MAY NOT ADD DUE TO ROUNDING. 12 AND WHICH ARE 18 TABLF 4 A AVERAGE M A T U R I T Y OF OUTSTANDING NEGOTIABLE AT WEEKLY TIME REPORTING AT VARIOUS (IN CERTIFICATES SURVEY D F DEPOSIT 1/ BANKS DATES MONTHS) D A T E OF SURVEY BANK C L A S S I F I C A T I O N 29 NOV 1967 2 5 OCT 19ft7 27 SEP 196 7 ( BY LOCAT I O N ) ALL REPORTING ISSUING BANKS CD'S 3.0 3.4 3.5 NEW YORK C I T Y 2.6 3.1 3.3 CHICAGO 3.1 3.5 3.7 OTHER 3.3 3.6 3.6 (BY UNDER $200 $200-$500 MILLION MILLION $500-$l,000 OVER MILLION $1 B I L L I O N PRIME IN NEW YORK C I T Y PRIME OUTSIDE 3/ NEW YORK C I T Y 3/ NON-PRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL 3/ P R I M E BANKS AR F THOSF WHOSE NEGOT IABLE WHICH APE REPORTED BY DEALER S TO TRADE DEPOSITS IN DENOMINATIONS AS REPORTED IN THE CALL OF $100,000 REPORT S I Z E OF BANK) 2/ 2.B 3.0 3.0 3.2 3.4 3.4 3.2 3.6 3.5 2.9 3.4 3.5 ?.5 3.1 3.2 3.3 3.8 3.9 3.2 3.6 3.5 OR MORE ISSUED BY WEEKLY REPORTING OF C O N D I T I O N ON DECEMBER 31, l c BANKS. ' 5 . C E R T I F I C A T E S OF DEPOSIT 4 RF QEGAP1EC AS B E I N G 1 F THF H I G H E S T Q U A L I T Y AND W T T H I N 1 OR 2 B A S I S POTMTS O F , E AC H »0T trER. WI T.H I N THF SECONDARY MARKF T. TABLE 48 AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES SOLD BY WEEKLY DURING THF OF D E P O S I T R E P O R T I N G BANKS MONTH OF V A R I O U S (IN 1/ SURVEYS MONTHS) DATE OF SURVEY RANK C L A S S I F I C A T I O N 29 NOV 1967 2 5 OCT (BY ALL REPORTING ISSUING LOCATION) CD'S 3.5 3. 5 2.7 3.3 3.4 CHICAGO 3.2 4.0 4.0 OTHER 3.0 3.6 3.5 YORK C I T Y UNDER $200 $200-$500 MILLION MILLION $500-$!,000 OVER MILLION $1 B I L L I O N PRIME I N NEW YORK C I T Y PRIME OUTSIDE 3/ NEW YORK C I T Y 3/ CERTIFICATES I N D E N O M I N A T I O N S OF AS REPORTED THE C A L L $100,000 EPCRT OR 2/ 3.2 3.3 3*1 3.3 3. 5 2.9 3.7 3.5 2.9 3.5 3.5 3.2 3.3 3.1 3.9 3.9 2.9 3.6 3.5 MORE - ISSUED *Y WEEKLY R E P O R T I N G B A N K S . 2/ TOTAL 3/ P R I M E BANKS ARE THOSE WHOSE N E G O T I A B L F C E R T I F I C A T E S OF n E P O S I T ARE REGARDED AS B E I N G OF THF H I G H E S T Q U A L I T Y AND WHICH ARE REPORTED 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 r EACH OTHER W I T H I N THE SECONDARY M A R K E T . http://fraser.stlouisfed.org/ NOTE—SEE TECHNICAL APPENDIX 8 . Federal Reserve Bank of St. Louis IN D S I Z E OF BANK# 2.9 2.7 NON-PRIME DEPOSITS 1967 BANKS (BY INCLUDES SFP 2,9 NEW 1/ 27 1967 OF C O N D I T I O N ON DFCEMBF" 31, 19*5. TABLE M R A T I O OF OUTSTANDING NEGOTIABLE T I M C C E R T I F I C A T E S 3 F H E > ] S I T 1/ TO TOTAL O E P n S I T S AT VARIOUS (PER SURVEY DATES CENT) DATE OF SURVEY (IN ALL TOTAL D E P O S I T S 2 / M I L L I O N S OF DOLLARS) 29 NOV 1 9 6 7 BANKS I S S U I N G CD'S 25 10.5 OCT 1967 27 SEP 1967 10.0 10. 0 UNDER 2 0 0 6.0 5.8 6. 0 200 - 500 7.7 7.8 7. 8 500 - 1000 8.7 8.6 8.7 12.2 1 1.4 11.3 15.4 14. 2 14.0 9.7 9.1 8.9 11.3 11.0 11.3 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 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 THF H I G H F S T Q U A L I T Y 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 OF $ 1 0 0 , 0 0 0 D E P O S I T S AS REPORTED I N 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 B A N K S . CF C O N D I T I O N ON HFC EMBER IN THIS TABLE ARF TOTAL 31, 1965. DEMAND AND T I M E DEPOSITS, INCLUDING TABLE 5R RATIO OF OUTSTANDING NFGOTIA8LF TIME C FR T I F I C A T FS OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF NOV 1 9 6 7 IN'UMPFO OF BANKS) TOTAL DEPOSITS 2 / (IN ALL M I L L I O N S OF DOLLARS) BANKS I S S U I N G GO'S 5% OR LESS 5 TO 10% 10 TO 15? 15 TO ?0* 20 TO 25% ?5% OP MORE AVERAGE CO TO DEPOSIT RATIO t PFR CENT) 109 67 56 24 7 ? 10.5 UNDER 200 50 27 10 6 0 0 6. 0 200 - 500 3R 20 17 <S 2 2 7.7 500 - 1000 17 10 17 5 1 0 P.7 4 10 12 7 4 0 12.2 0 0 3 3 1 0 15.4 2 5 1 2 2 0 9.7 ? 5 A 2 1 0 1 1 .3 OVER 1000 PRIME I N NEW YORK 3 / PRIME OUTSIDE NEW YORK 3 / NONPRIMF 2/ TOTAL DEPOSITS AS RFPORTED 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 THF HIGHEST QUALITY AND WHICH ARF REPORTED BY DEALERS TO TRADE W I T H I N 1 0 ' 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. tl00,000 I N THF CALL REPORT DEPOSITS IN THE DENOMINATOR OF THF R A T I O INTERBANK AND U . S . GOVERNMENT D E P O S I T S . 0" v INCLUDES C E R T I F I C A T E S NOTE- I N DENOMINATIONS nF 1/ 1Rt ISSUED BY WEEKLY REPORTING BANKS. CF CONDITION ON DECEMBER IN THIS TABLE ARE TOTAL 31, 1965. DEMAND AND TIME D F P P S I T S , INCLUDING T A B L E 5C PER CENT CHANGE I N OUTSTANDING NEGOTIABLE T I M E 25 OCT 1 9 6 7 TO 2 9 NOV CERTIFICATE I F DEPOSIT /I 1967 (NUMBER OF BANKS) DECLINES TOTAL D E P O S I T S I IN MILLIONS ALL OF 2/ C D ' S TO ZERO OF DOLLARS) BANKS I S S U I N G CD • S 10% OR MORE "5 TO 10% 5% OR LESS NO CHANGE INCREASES OF ————————— —————————————— I S S U E D C D ' S BUT 5% OR 5 TO 1 0 * OR HAD NONE OUTSTANDLESS 10% MORE I N G ON BASE DATE 27 26 41 31 61 28 56 UNDER 200 2 14 6 16 15 13 7 26 0 200 - 500 0 10 14 13 10 18 e 13 1 500 - 1000 0 2 5 9 5 13 8 8 0 0 1 1 3 1 17 5 9 0 0 0 0 1 0 2 2 2 0 P R I M E O U T S I D E NEW YORK 3 / 0 0 0 1 0 8 0 3 0 NONPRIME 0 I 1 1 1 7 3 4 0 I N D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE OVER 1000 PRIME I N NEW YORK 3 / 1f 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 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 B Y 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 THF SECONDARY MARKET. NOTE- D E P O S I T S AS REPORTED IN ISSUED BY WEEKLY REPORTING B A N K S . THF C A L L REPORT CF C O N D I T I O N ON DECEMBER 31, 1965. THE NUMBER OF BANKS I N W I S TABLE D I F F E R S FROM THOSE I N MOST OTHER TABLES TO THF FXTFNT THAT BANKS MAO OUTSTANDING C D ' S ON THE L A S T SURVEY REDUCED T H E I R OUTSTANDINGS TO ZERO ON T H I S SURVEY. THAT TABLE < 0 PER CENT CHANGE I N OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E OF D E P O S I T 30 AUG 1 9 6 7 TO 2 9 NOV (NUMBER TOTAL DEPOSITS 1 IN MILLIONS ALL BANKS CCS /2 REOU- OF DOLLARS I CD'S TO ZERO 1967 OF BANKS 1 D E C L I N E S OF 2535 OR MORE 20 TO 25% 15 TO 20% 10 TO 15% /I INCREASE OF 5 TO 10% 5* OR LESS NO CHANGE 1 1 5% OR LESS 5 T3 10% 10 TO 15* 15 TO 20% ISSUED 20 TO 25% 25% OR MORE NONE OUTSTANDING ON BASE DATE ISSUING 24 10 20 36 26 34 17 11 33 UNDER 200 4 12 3 5 5 q 6 5 11 5 5 7 2 18 2 200 - 500 0 9 5 4 5 16 9 5 4 9 2 2 4 12 1 500 - 1000 0 3 0 1 6 7 5 1 4 9 7 2 2 3 0 0 0 0 0 4 4 6 0 9 11 3 0 0 0 0 0 0 0 0 2 0 1 0 1 2 1 0 0 0 0 0 0 0 0 1 1 0 0 4 5 1 0 0 0 0 0 0 0 0 I 3 5 0 4 4 1 0 0 0 0 OR MORE ISSUED OVER 1000 PRIME I N NEW YORK 3/ P R I M E O U T S I D E NEW YORK NONPR IME 3/ \f INCLUOES 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 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 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 OF $ 1 0 0 , 0 0 0 ' D E P O S I T S AS REPORTED I N THE CALL REPORT BY WEEKLY REPORTING HANKS. CF C O N D I T I O N ON DECEMBER 31, 1965. THE NUMBER OF >BANKS I N T H I S TABLE D I F F E R S FROM THOSE IN .MOST OTHER TABLES TO THE EXTENT THAT BANKS HAD OUTSTANDING C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. THAT TABLE CHANGE 5E I N 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 OVER THE MONTH AS A PER CENT OF TOTAL 1/ DEPOSITS AT THE B E G I N N I N G OF THE P E R I O D 25 OCT 1967 TO 2 9 (NUMBER TOTAL D E P O S I T S 2 / (IN ALL MILLIONS BANKS CD'S DECLINES OF D O L L A R S ! 3% AND OVER 2 TO 3% NOV 1967 OF BANKS 1 OF 1 TO INCREASES OF 1% A NO LFSS 2% NO CHANGE 1% AND LESS 1 TO 3% AND OVER 2 TO 2% ISSUING 1 1 14 80 25 111 24 4 5 UNDER 200 1 0 - 7 30 11 33 9 0 3 200 - 500 0 0 6 31 fl 34 4 0 1 500 1000 0 0 1 15 5 23 4 1 1 0 1 0 4 1 21 7 3 0 0 0 0 1 0 3 3 0 0 PRIME O U T S I D E NEW YORK 3 / 0 0 0 1 0 9 0 2 0 NONORIME 0 1 0 2 1 9 4 1 0 - OVER 1000 PRIME IN NEW YORK 3 / 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 THO&E WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARF REGARDED AS B E I N G OF THE H I G H E S T D U A L I T Y AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS OF IN <100,000 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 I S S U E D BY WEEKLY REPORTING B A N K S . OF C O N D I T I O N ON DECEMBER I N THIS TABLE ARE TOTAL 31, 1965. DEMAND AND T I M E DEPOSITS, INCLUDING TABLE CHANGE OVER IN 5F OUTSTANDING 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 3 S I T THE LAST THREE MONTHS AS A PER CENT OF TOTAL 1/ DEPOSITS AT THE B E G I N N I N G OF THE P E R I O D 30 AUG 1 9 6 7 TO 2 9 (NUMBER TOTAL (IN DEPOSITS MILLIONS 2/ BANKS CD' S BANK S I 5% OF D O L L A R S ) 4 TO 3 TO 4% 5t INC REASES OF 2 TO 3% \% 1 TO 2? IS AND UNDER 1 TO 2% 5% 4 TO 5% 3 TO 4% 2 TO 3X AND OVER ISSUING 0 2 9 24 69 UNDER 2 0 0 1 0 1 2 7 30 200 - 500 1 0 1 5 11 500 - 1000 0 0 0 1 0 0 0 0 0 0 0 1000 PRIME NO CHANGE AND LESS 2 OVER 1967 D E C L I N E S OF AND OVER ALL OF NOV I N NEW YORK 3/ P R I M E O U T S I D E NEW YORK NONPRIME 3/ 7 80 29 13 4 0 4 3 28 12 5 1 0 2 31 3 19 4 5 2 0 2 4 17 1 16 7 3 1 0 0 1 2 11 0 17 6 0 0 0 0 0 1 1 1 0 2 2 0 0 0 0 0 0 0 0 2 0 8 2 0 0 0 0 0 0 0 1 9 0 7 2 0 0 0 0 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 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 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 THE C A L L OF 1100,000 REPORT D E P O S I T S IN THE DENOMINATOR OF THE R A T I O INTERBANK AND U . S . GOVERNMENT D E P O S I T S . OR MORE . I S S U E D BY WEEKLY REPORTING B A N K S . OF C O N D I T I O N ON DECEMBER IN THIS TABLE ARE TOTAL 31, 1965. DEMAND AND T I M E DEPOSITS, INCLUDING TABLE 6A M A T U R I T Y 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 AT WEEKLY R E P O R T I N G BANKS BY FEDERAL RESERVE D I S T R I C T AS I AMOUNTS IN 1/ NOV 1 9 6 7 MILLIONS OF DOLLARS) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 36.0 4.1 2.7 9.1 11.0 42.0 150.2 572.6 100.2 66.3 97.1 305.9 814.5 70.6 103.0 628.8 84.6 72.9 90. 9 285.4 595.9 168.2 47.0 72.8 413.7 62.0 42.1 40.9 146.4 380.8 53.5 149.9 40.0 60.8 306.5 40.9 27.7 41.7 111.9 258.0 575.8 47.3 200.3 21.7 32.6 236.9 25.4 34.5 51.0 123.3 366.8 43.2 356.2 33.4 71.5 19.5 25.8 118 .9 20.5 14.2 16.6 71.7 173.1 631.3 51.4 251.3 26.5 46.0 8.4 18.2 87.3 6.1 7.8 13.6 24.0 90.7 JUL 453.5 18. 7 143.7 12.2 39.9 2.2 15.1 78.2 4.5 1.3 9.4 48.2 80.1 AUG 422.1 19.1 153.8 13.8 61.5 1.7 10.5 61.0 6.6 4.0 3.5 20.4 66.2 SEP 313.2 18.9 1 13.6 12.3 27.6 13.7 5 .? 46.1 8.8 5.3 3.4 18.4 39.9 OCT 267.7 14.4 98.6 4.8 27.1 11.5 6.2 44.7 2.9 2.3 5.5 15.0 34.7 NOV 176.3 9.9 70.2 6.3 10.0 5.9 6.7 23.4 2.8 1.3 2.3 10.7 26.8 DEC OR L A T E R 556.4 34.3 1 08.7 36.3 181.8 9.4 27.0 80.4 4.1 0.4 0.0 32.6 41 . 4 21131.4 1219.4 8818.9 595.5 1597.5 348.5 540.0 2734.5 373.5 282.8 385.0 1224.9 3010.9 AVERAGE M A T U R I T Y I N MONTHS 2 / 2.9 2.8 2.6 3.5 4.3 3.2 3.2 3.2 2.7 2.7 2.7 3.1 3.0 NUMBER OF BANKS 266 18 48 11 19 16 22 36 9 5 21 25 36 CD'S 1967 1968 TOTAL MATURING IN ALL D I STRICTS BOSTON 396.? 14.6 226.6 DEC 5920.0 408.1 JAN 4530.4 FEB PH I L A DE L PHI A CLEVELAND RICHMOND ATLANTA 14.1 22.4 7.7 5.9 2814.8 164.7 336.4 89.2 266.0 1986.2 91.2 254.9 2785.0 142.7 1189.3 79.1 MAR 1913.7 92.7 730.1 APR 1801.0 85.4 MAY 964.6 J UN NOV 30 * REPORTING 1/ I N C L U D E S ONLY C E R T I F I C A T E S 2/ SFE T E C H N I C A L * OF 2 9 C E R T I F I C A T E S OF D E P O S I T DETAILS APPENDIX MAY NOT ADD ISSUED IN NEW YORK DENOMINATIONS B. TO T O T A L S DUF TO R O U N D I N G . OF $100,000 CHICAGO DR MORE BY WEFKLY R E P O R T I N G B A N K S . TABLE 6 8 W 2/ SALES OF 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 WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T S I N C E P R E V I O U S MONTH AS OF 2 9 NOV 1 9 6 7 (AMOUNTS CD' S MATUR ING IN ALL DISTRICTS BOSTON NEW YORK DEC 11 S 3 . 3 165.8 1968 JAN 916,3 FEB 1967 OF D O L L A R S ! CLEVELAND RICHMOND ATLANTA 428.1 42.9 49.4 13.8 62.5 92.7 366.0 16.2 35.6 13.2 1301.9 75.9 661.0 39.5 62.1 MAR 455.4 27.5 194.0 5.9 APR 438.5 15.4 145.1 NAY 439.1 24.5 JUN 88.0 JUL CHICAGO SAN FRANCISCO ST. LOUIS MINNEAPOLIS 92.0 24.7 11.5 22.3 81.5 198.8 19.8 140.4 17.5 17.5 23.1 34.3 140.0 19.0 26.4 164.1 16.5 16.6 18.7 66. 1 136.0 21.8 2.1 0.8 105.9 7.9 9.0 7.2 16.7 56.6 6.2 23.3 2.3 11.7 44.7 3.8 6.1 7.8 23.4 148.7 112.4 18.1 36.3 14.7 14.6 43.5 11.1 6.8 10.5 50.2 96.4 4.9 40.3 2.1 8.2 3.1 1.6 5.2 0.4 1.3 0.8 1.6 18.5 28.7 1.7 10.6 0.6 1.0 0.1 1.3 4.6 0.2 0.0 0.0 2.6 6.0 AUG 48.6 7.2 13.0 1.1 2.6 0.9 2.4 12.2 0.7 0.8 1.1 2.1 4.5 SEP 23.6 2.2 6.1 0.6 0.6 0.4 0.1 3.8 0.4 0.0 0.3 3.7 5.4 OCT 39.5 2.2 7.6 0.7 \ .4 9.9 2.5 0.1 0.1 0.5 1.1 4.1 9.3 137.9 7.6 29.0 4.6 S.3 6.9 7.1 40.5 0.9 1.1 2.3 8.6 21.0 5110.8 427.6 2013.2 138.5 250.6 86.4 150.8 657.0 84.2 71.2 95.2 294.9 841.2 2.8 2.2 2.6 2.8 3.2 4.5 2.7 3.3 2.5 2.8 2.8 3.1 3.1 * AVERAGE M A T U R I T Y I N MONTHS 3 / 1/ SEE TECHNICAL A P P E N D I X A . 2/ INCLUDES ONLY C E R T I F I C A T E S 3/ SEE T E C H N I C A L * MILLIONS PHILADELPHIA NOV OR LATER TOTAL IN ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 APPENDIX B . D E T A I L S MAY NOT ADD TO TOTALS DUE TO R O U N D I N G . • OR MORE BY WEEKLY REPORTING B A N K S . KANSAS CITY DALLAS TABLE 6C M A T U R I T Y 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 AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 2 9 (PERCENTAGE CD'S 1967 1968 TOTAL 1/ MATURING IN ALL 01 STRICTS BOSTON 1.9 1.2 2.6 DEC 28.0 33.5 JAN 21.4 FEB NOV C E R T I F I C A T E S OF D E P O S I T 1/ 1967 DISTRIBUTION) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1.3 1.1 1.0 2.4 0.9 1.4 27.8 20.9 26.8 23.4 25.2 25.0 27,1 20.3 19.1 23.0 22.7 25.8 23.6 23.3 19.8 10.5 13.5 13.5 15.1 16.6 14.9 10.6 12.0 12.6 9.0 9.4 11.5 11.3 11.2 11.0 9.8 10.8 9.1 8.6 6.5 7.9 12.5 6.2 6.0 8.7 6.8 12.2 13.2 10.1 12.2 3.5 4.0 5.6 4.5 5.6 4.8 4.3 5.5 5.0 4.3 5.9 5.7 3.0 4.2 2.8 4.5 2.9 2.4 3.4 3.2 1.6 2.8 3.5 2.0 3.0 JUL 2.1 1.5 1.6 2.0 2.5 0.6 2.8 2.9 1.2 0.5 2.4 3.9 2.7 AUG 2.0 1.6 1.7 2.3 3.8 0.5 1.9 2.2 1.8 1.4 0.9 1.7 2.2 SEP 1.5 1.5 1.3 2.1 1.7 3.9 1.0 1.7 2.4 1.9 0.9 1.5 1.3 OCT 1.3 1.2 I .1 0.8 1.7 3.3 1.1 1.6 0.8 0.8 1.4 1.2 1.2 NOV 0.8 0.8 0.8 1.1 0.6 1.7 1.2 0.9 0.7 0.5 0.6 0.9 0.9 DEC OR LATER 2.6 2.8 1.2 6.1 11.4 2.7 5.0 2.9 1.1 0.1 0.0 2.7 1.4 100.0 100.0 100.0 100.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 CLEVELAND RICHMONO ATLANTA 2.4 1.4 2.2 1 .1 31.9 27.7 21.1 25.6 21.8 22.5 15.3 16.0 13.2 11.7 13.5 13.3 MAR 9.1 7.6 8.3 APR 8.5 7.0 MAY 4.6 J UN NOV 30 * INCLUDES ONLY C E R T I F I C A T E S ISSUED NEW YORK PHI LADELPHI A I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CHICAGO OR MORE BY WEEKLY R E P O R T I N G B A N K S . TABLE 60 M A T U R I T Y D I S T R I B U T I O N 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 AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T 1/ AS OF 2 9 NOV 1 9 6 7 (CUMULATIVE CD'S MATURING NEW YORK BOSTON PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1.0 2.4 0.9 1.4 l . l 1.2 2.6 2.4 1.4 2.2 1 .1 1.3 DEC 29.9 34.7 34.5 30.1 22.5 27.8 28.9 22.2 27.9 24.4 27.6 25.9 28.5 JAN 51.3 56.5 57.0 45.4 38.5 48.1 48.0 45.2 50.6 50.2 51.2 49.2 48.3 FEB 64.5 68.2 70.5 58.7 49.0 61.6 61.5 60.3 67.2 65.1 61.8 61.2 60.9 MAR 73.6 75.8 78.8 67.7 58.4 73.1 72.8 71.5 78.2 74.9 72.6 70.3 69.5 APR 82.1 82.8 85.3 75.6 70.9 79.3 78.8 80.2 85.0 87.1 85.8 80.4 81.7 NAY 86.7 86.3 89.3 81.2 75.4 84.9 83.6 84.5 90.5 92.1 90.1 86.3 87.4 JUN 89.7 90.5 92.1 85.7 78.3 87.3 87.0 87.7 92.1 94.9 93.6 88.3 90.4 JUL 91.8 92.0 93.7 87.7 80.8 87.9 89.8 90.6 93.3 95.4 96.0 92.2 93.1 AUG 93.8 93.6 95.4 90.0 84.6 88.4 91.7 92.8 95.1 96.8 96.9 93.9 95.3 SEP 95.3 95.1 96.7 92.1 86.3 92.3 92.7 94.5 97.5 98.7 97.8 95.4 96.6 OCT 96.6 96.3 97.8 92.9 88 . 0 95.6 93.8 96.1 98.3 99.5 99.2 96.6 97.8 NOV 97.4 97.1 98.6 94.0 88.6 97.3 95.0 97.0 99.0 100.0 99.8 97.5 98.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 30 DEC OR LATER 1/ ALL DISTRICTS 1.9 1 9 6 7 NOV 1968 IN PERCENTAGE) 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 B A N K S . TABLE 6P 1/ 2/ S A L E S 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 WEEKLY R E P O R T I N G BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 2 9 (PERCENTAGE CD'S MATURING IN BOSTON NEW YORK NOV 1 9 6 7 DISTRIBUTION) PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1967 DEC 23.3 38.8 21.3 31.0 19.7 16.0 41.4 14.0 29.3 16.2 23,4 27.6 23.6 1968 JAN 17.9 21.7 18.2 11.7 14.2 15.3 13.1 21.4 20.8 24.6 24.3 11.6 16.6 FEB 25.5 17.8 32.8 28.5 24.8 22.0 17.5 25.0 19.6 23.3 19.6 22.4 16.2 MAR 8.9 6. 4 9.6 4.3 8.7 2.4 0.5 16.1 9.4 12.6 7.6 5.7 6.7 APR 8.6 3.6 7.2 4.5 9.3 2.7 7.8 6.8 4.5 8.6 8.2 7.9 17.7 MAY 8.6 5.7 5.6 13.1 14.5 17.0 9.7 6.6 13.2 9.6 11.0 17.0 11.5 JUN 1.7 1.1 2.0 1 .5 3.3 3.6 1.1 0.8 0.5 1.8 0.8 0.5 2.2 JUL 0.6 0.4 0.5 0.4 0.4 0.1 0.9 0.7 0.2 0.0 0.0 0.9 0.7 AUG 1.0 1.7 0.6 0.8 1.0 1.0 1.6 1.9 0.8 1.1 1.2 0.7 0.5 SEP 0.5 0.5 0.3 0.4 0.2 0.5 0.1 0.6 0.5 0.0 0.3 1.3 0.6 OCT 0.8 0.5 0.4 0.5 0.6 11.5 1.7 0 .0 0.1 0.7 1.2 1.4 I .1 NOV OR L A T E R 2. ; 1.8 1.4 3.3 3.3 a.o 4.7 6.2 1.1 1.5 2.4 2.9 2.5 100.0 100.0 100.0 100.0 100.0 100.0 100,0 100.0 100.0 1 00.0 100.0 100.0 100.0 TOTAL * 1/ SEE T E C H N I C A L 2/ INCLUDES NOTE * ALL 01 sTR I C T S S I N C E P R E V I O U S MONTH SALES APPENDIX A„ ONLY C E R T I F I C A T E S IN THIS TABLE ARE ISSUED I N D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 NOT A D J U S T E D FOR C D ' S D E T A I L S MAY NOT ADD TO T O T A L S DUE . TO R O U N D I N G . THAT HAVE OR MORE BY WEEKLY MATURED. REPORTING BANKS. 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 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 NEGOTIABIE 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 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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