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T
December 30, 1968.
L.4.1
CONFIDENTIAL (FR)
•
- •
,
^ , 3
-
•
, — v , -*•
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
November 27, 1968.
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
•
•
#
#
•
#
e
e
TABLE 1
i/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
WEEKLY REPORTING BANKS
AS OF 27 NOV
C D 1 S MATURING
AMOUNT
(MILLIONS OF
DOLLARS)
IN
1968 NOVEMBER
28 -
30
1968
PERCENTAGE
OISTRIBUTION
CUMULATIVE
PERCENTAGE
SALES SIKCE
PREVIOUS MONTH 2/
tMILLIONS OF DOLLARS)
625.2
2.6
2.6
.0
6,527.2
26.9
29.5
1,180.3
5 , 346.6
22.0
51.5
565.1
FEBRUARY
3,081.a
12.7
64.2
1,343.1
MARCH
2,102.8
8.7
72.9
375.1
APRIL
1,702.9
7.0
79.9
224.7
MAY
1,311.1
5.4
85.3
753.9
JUNE
1,076.9
4.4
89.7
354.8
JULY
614.6
2.5
92.2
72.7
AUGUST
393.8
1.6
93.8
53.8
SEPTEMBER
388.3
1.6
95.4
30.3
OCTOBER
395.4
1.6
97.0
47.1
NOVEMBER
179.1
.7
97.7
OVER
561.8
2.3
100.0
XXX
24,307.4
100.0
XXX
5,193.0
DECEMBER
1969 JANUARY
12 MONTHS
TOTAL
(MEMORANDUM:
DECEMBER
DECEMBER
10
16
305.4
1,141.9
192.0 3/
TAX AND DIVIDEND M A T U R I T I E S )
1.3
4.7
XXX
XXX
1/
INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
SEE TECHNICAL APPENDIX A.
3/
SALES OF C D ' S MATURING AFTER 11 MONTHS.
11.5
152.1
TABLE 2A
AS OF 27 NOV
1968
„
CHICAGO
~
1P68 NOV
°
28 - NOV
E C E
"
E
30
246.1
2
"
'"
2
6
"
"RU,,V
""
"
J
R
2
C
"
71C
'°
'
L
4,2
'<'
"NE
,
"-
"
2
"
0CT0
63
3<
0»E«
3
"
5
2
2
-
12 M O N T H S
"7
^
z
?« H
2 8 , 8
»>•'
r ~
*0
350.3
,.,56..
.,
,,216.4
1.23,-5
«•'
L"-2
121.0
„2.,
«'•«
H.7
558.1
'"'
'4
Z«.2
10.,
„.
>2-'
I'-l
0
"' "
l . U M
5-8
4 4 3.7
1-6
28,.9
.3
266.1
.9
3,3.1
12-5 Z3
n
11
123.0
INCLUDES ONLY C E R T I F I C A T E S
45.8_
IN D E N O M I N A T I O N OF
2/ SEE TECHNICAL A P P E N D I X A.
3/ SALES OF C D ' S M A T U R I N G AFTER
*
TOTALS WAY N O T ADD DUE
26
.,
,».,
34.0
127.0
II
NCNTHS.
TO R O U N D I N G .
~
„
$100,000 OR M O R E
7 ?
I
56*. 2
V.6
ISSUED BY WEEKLY REPORTING BANKS.
—
238
TAX AND DIVIDEND M A T U R I T I E S )
3.5
643_.0
1/
109.8
3,1.2.6
12
10
.„
»„
< MEMORANDUM:
DECEMBER
lT6
158.4
1:?!!;!
NUMBER OF R E P O R T I N G B A N K S
.0
106.!
25.3
°-2
BANKS
—
57.1
21
9
.
'"l-l
30
99.7
^
""°
2
'2
~
AZL OTHER W E ^ u : R ^ O R ^ N G
:
'-1
23
"°
">•'
'E"
=
.0
5
23
"
r
2.3.2
'2'-5
n K
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"''
„
U G 0 S T
S e
=
",0-3
•H,LV
'
^
.0
,.574.3
F E
-
Z
~
:::
Ml'.)
1 0
{^
#
*
#
#
#
#
#
#
#
#
T A B L E 2B
1/
M A T U R I T Y D I S T R I B U T I O N CF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF D E P O S I T AT
NEW YORK C I T Y , CHICAGO, AND ALL OTHER WEEKLY REPORTING B A N K S
AS OF 27 NOV
1968 AND 30 OCT
1968
(PERCENTAGE D I S T R I B U T I O N )
NEW YORK CITY
27 NOV
30 OCT
27 NOV
ALL OTHER
30 OCT
27 NOV
30 OCT
3.3
1.1
1.5
1.0
2.4
1.7
01 M O N T H S 3/
30.5
18.6
24.7
13.9
25.3
20.1
02 M O N T H S
21.0
29.1
25. 1
23.5
22.1
19.9
03 M O N T H S
11.6
20 .7
14.3
25.6
13.0
19.8
04 M O N T H S
9.5
6.1
8.1
9.6
8.3
7.9
05 M O N T H S
6.4
7.7
5.1
7.3
7.5
7.3
06 M O N T H S
5.3
6.1
8.9
5.0
5.0
6.6
07 M O N T H S
5.8
2.1
4.4
3.0
3.8
2.5
08 M O N T H S
1.7
2.9
2. 1
3.9
3.0
3.1
09 M O N T H S
1.2
1.5
1.2
1.9
1.9
10 M O N T H S
1.1
.9
2.2
1. 1
1.8
2.8
1.8
1.0
1.0
2.4
2.1
1.7
1.0
.9
1.9
3.0
3.0
100.0
100.0
0—6 D A Y S 2/
11 M O N T H S
.8
12 M O N T H S
.5
.7
.9
1.3
1.5
.5
100.0
100.0
100.0
OVER
12 MONTHS
TOTAL *
1/ INCLUDES ONLY C E R T I F I C A T E S
BANKS.
2/
CHICAGO
NUMBER OF
FOLLOWING
3/ NUMBER
.8
100.C
IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE
ISSUED BY WEEKLY REPORTING
DAYS REMAINING IN SURVEY M O N T H . T H I S PERIOD VARIES WITH THE NUMBER OF DAYS
THE LAST WEDNESDAY OF THE M O N T H .
OF M O N T H S FOLLOWING THE SURVEY M O N T H .
* TOTALS MAY NOT ADD DUE TO ROUNOING.
T A B L E 20
MATURITY
DISTRIBUTION
NEW
OF O U T S T A N D I N G N E G O T I A B L E
YORK C I T Y , CHICAGO,
AS OF 2 7
AND ALL
NOV
NEW
CD'S
MATURING
0-6 D
'A Y S 2 /
30 O C T
AT
BANKS
1968
DISTRIBUTION)
YORK C I T Y
CHICAGO
IN
2 7 NOV
30 OCT
27 NOV
ALL
30 OCT
OTHER
2 7 NOV
30 OCT
3.3
1.1
1.5
1.0
2.4
1.7
33.8
19.7
26.2
14.9
27.7
21.8
02 M O N T H S
54.8
48 .8
51. 3
38.4
49.8
41.7
03 MONTHS
66.4
69.5
65.6
64.C
62.8
61.5
04 MONTHS
75.9
75.6
73.7
73.6
71.I
69.4
05 M O N T H S
82.3
83.3
78.8
80.9
78.6
76.7
06 M O N T H S
87.6
89.4
87.7
85.9
83,6
83.3
07 MONTHS
93.4
91.5
92.1
88.9
87.4
85.8
08 M O N T H S
95.1
94.4
94.2
92.8
90.4
88.9
09 MONTHS
96.3
95.9
95.4
94.7
92.3
91.7
10 M O N T H S
97.4
96.8
97.6
95.E
94.1
93.5
11 M O N T H S
98.2
97.8
98.6
98.2
96.2
95.2
12 M O N T H S
98.7
98.5
99.5
99.2
97.1
97.1
100.0
100.0
100.0
10C.0
100.0
100.0
01 M O N T H S
OVER
3/
12 M O N T H S
1/ I N C L U D E S O N L Y C E R T I F I C A T E S
BANKS.
2/ NUMBER OF
FOLLOWING
M
OTHER W E E K L Y R E P O R T I N G
1968 AND
(CUMULATIVE
1/
TIME C E R T I F I C A T E S OF D E P O S I T
NUMBER
OF
IN D E N O M I N A T I O N S
OF $ 1 0 0 , 0 0 0 OR M O R E
ISSUED BY
WEEKLY
D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S P E R I O D V A R I E S W I T H THE N U M B E R OF
THE L A S T W E D N E S D A Y OF THE M O N T H .
MONTHS FOLLOWING
THE
SURVEY
MONTH.
REPOR
DAYS
*
w
,
TA3LE
3A
m
MATURITY
*
*
9
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 TIME 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 SIZE OF B A N K S 2/
AS OF 27 NOV 1968
(AMOUNTS IN M I L L I O N S O F D O L L A R S )
MATURING
1968 NOV
IN
28-30
TOTAL
$200
ILLIGN
AND UNDER
M
$200 M I L L I O N
TO
$500 MILLION
$500I M I L L I O N
TO
$ 1 BILLION
*
1/
$1 B I L L I O N A N D OVER
-
CD'S
e
*
-
P R I M E 3/
TOTAL
NEW YORK
CITY
CUTSIDE
NEW Y O R K
CITY
NON-PRIME
625.1
48.7
59.2
113.5
403.7
217.1
110.3
76.3
6,527.1
308.7
7 8 3.0
I,168.6
4,266.8
2,142.2
1,173.1
951.5
5,346.6
268.6
658.5
1,001.3
3,418.2
1,448.0
1,202.1
768.1
FEBRUARY
3,031.9
144.3
407.3
553.9
1,976.4
807.2
737.1
432.1
MARCH
2,102.6
87.9
210.6
387.7
1,416.4
676.0
442.7
297.7
APR IL
1,702.8
87.2
200.8
291.5
1,123.3
452.2
401.6
269.5
MAY
1,311.0
55.9
141.3
202. 1
911.7
365.5
371,5
174.7
JUNE
1,076.7
29.3
67.2
183.5
796.7
420.2
273.6
102.9
JULY
614.5
24.5
78.2
153.5
358.3
122.2
138.0
98.1
AUGUST
393.8
12.0
91.6
62.8
227.4
81.7
89.7
56.0
SEPTEMBER
388.3
13.7
53.6
75.8
245.2
75.3
113.0
56.9
OCTOBER
395.3
9.1
55.8
58.8
271.6
57.9
154.5
59.2
NOVEMBER
179.0
5.5
33.3
28.2
112.0
31.8
57.6
22.6
DECEMBER
OR LATER
561.8
5.8
30.1
106.1
419.8
88.0
237.7
94.1
24,306.5
1,101.2
2,870.5
4,387.3
15,947.5
6,985.3
5,502.5
3,459.7
DECEMBER
1969 J A N U A R Y
TOTAL
*
t MCMHD AMNI TM«
TAX
AND D I V I D E N D M A T U R IT IE S)
DECEMBER
10
305.3
15.5
26.4
65.3
198.1
116.3
33.9
47.9
DECEMBER
16
1,141.7
27.8
63.0
141.5
909.4
618.4
173.8
117.2
37
7
12
18
I MC UHD AMNI 1 M*
261
89
83
NUMBER OF B A N K S )
52
1/ INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $1)0,OOO CR MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPCRT CF C O N D I T I O N ON DECEMBER 31, 1 9 6 5 .
3/ P R I M E H A N K S ARC 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 R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y AND WHICH
R R opj? TED BY D E A L E R S TO TRADE W I T H I N I Z* ? BASIS P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
*
T O T A L S MAY NOT A 0 0 DUE TO R O U N D I N G .
"
ARE
T A B L E : 18
SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 27 NOV 1968
(AMOUNTS IN MILLIONS OF DOLLARS)
SI BILLION AND OVER
CD'S MATURING IN
1968 NOV
TOTAL
$200
MILLICN
AND UNDER
$200 MILLION
TO
$500 MILLION
-
PRIME 4 /
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
28-30
DECEMBER
1,180.3
90. 1
162.7
318.6
608. 7
221.8
170.4
216,5
565.1
35.5
78.7
137.7
313.2
115.8
97.1
100.3
1,343.1
69.9
174.9
223.1
875.2
423.4
262.3
189.5
MARCH
375.0
6.9
23.4
57.7
287.0
162.4
67.3
57.3
APRIL
224.6
12.5
16.9
39.5
155.7
52.2
63.6
39.9
MAY
753.9
34.9
86.4
98.5
534. 1
224.6
205.6
103.9
JUNE
354.7
7.6
6.3
30.9
309.9
229.6
65.6
14.7
JULY
72.6
1.3
6.2
12.1
53.0
27.7
11.9
13.4
AUGUST
53.8
1.3
5.5
14.3
32.7
22.3
7.8
2.6
SEPTEMBER
30.2
0.8
5.3
6.3
17.8
10.9
3.7
3.2
OCTOBER
47.1
0.7
4.5
16.4
25.5
7.6
7.3
10.6
192.0
6.5
29.4
39.7
116.4
20.2
67.8
28.4
5,192.4
268.0
600.2
995.0
3,329.2
1,518.5
1,030.4
780.3
1969 JANUARY
FEBRUARY
NOVEMBER
OR LATER
TOTAL *
1 r* cnUI\«l>IUUn *
n u uiviu emu n « i un i i i c o I
DECEMBER
10
11.5
0.9
1.3
3.4
5.9
3.5
1.7
0.7
DECEMBER
16
152.0
10.6
6.9
44.1
90.4
36.6
23.9
29.9
12
18
(MEMORANDUM:
261
1/
2/
3/
4/
*
$500 MILLION
TO
SI BILLION
89
NUMBER OF BANKS)
83
52
37
SEP TECHNICAL APPEND!X A.
INCLUDES CERTIFICATES IN O E N O M I M T I ONS CF $100,000 CR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
PRIME RANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE WITHIN I OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
TOTALS MAY NOT ADO DUE TO ROUNDING.
e
•
#
TA'IL. F 3C
WATURITY
#
#
•
#
s
D I S T R I B U T I O N CF O U T S T A N D I N G 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 1/
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF B A N K S 2/
AS OF 2 7 NOV 1968
PERCENTAGE DISTRIBUTION
$1 B I L L I O N A N D OVER
-
CD'S
MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200 M I L L I O N
TO
$500 M I L L I O N
$500 MILLION
TO
$1 B I L L I O N
-
PRIME 3/
TOTAL
NEW YORK
CITY
1968 N O V
28-30
•
e
OUTSIDE
NEW YORK
CITY
NON-PRIME
2.6
4.4
2.1
2.6
2.5
3.1
2.0
2.2
26.9
28.0
27.3
26.6
26.8
30.7
21.3
27.5
22.0
24.4
22.9
22.8
21.4
20.7
21,8
22.2
12.7
13. 1
14.2
12.6
12.4
11.6
13.4
12.5
MARCH
8. 7
8.0
7.3
8.8
8.9
9.7
8.0
8*6
APR IL
7.0
7.9
7.0
6.6
7.0
6.5
7.3
7.8
MAY
5.4
5. 1
4.9
4.6
5.7
5.2
6.8
5.0
JUNE
4.4
2.7
2.3
4.2
5.0
6.0
5.0
3.0
JULY
2.5
2.2
2.7
3.5
2.2
1.7
2.5
2.8
AUGUST
1.6
1.1
3.2
1.4
1.4
1.2
1.6
1.6
SEPTEMBER
I .6
1.2
1.9
1.7
1.5
1.1
2.1
1.6
OCTOBER
1.6
0.8
1.9
1.3
1.7
0.8
2.8
1.7
NOVEMBER
0.7
0.5
1.2
0.6
0.7
0.5
1.0
0.7
DECEMBER
OR L A T E R
2.3
0.5
1.0
2.4
2.6
1.3
4.3
2.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
DECEMBER
1969 J A N U A R Y
FEBRUARY
TOTAL
*
1 nCn'Jf\M!iiiUn»
I Aa
AiiU u i v i u c n u om i unl 1u c i ;
DECEMBER
10
1.3
1.4
0 .9
1.5
1.2
1.7
0.6
1.4
DECEMBER
16
4.7
2.5
2.2
3.2
5.7
8.9
3.2
3.4
1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S CF $100,000 CR MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
?/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPORT CF CONFILTION O N DECEMBER 31, 1965.
1/ P P I M F BANK S ARE TH^SE WHOSE M F G C T I A B L F 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 OF THE H I G H E S T Q U A L I T Y ANO
P P O P P T E T BY D E A L E R S TO TRADE W I T H I N I CR 2 BASIS POINTS OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T .
*
T D T A L S ••MY
HI A T ) DUE TO R C U M D I N G .
WHICH ARE
TTT'LLR IP
$1 B I L L I O N AND OVER
-
MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200 M I L L I O N
TO
$500 MILLION
$500 M I L L I O N
TO
$1 B I L L I O N
PRIME 3/
TOTAL
NEW YORK
CITY
CUTSIDE
NEW YORK
CITY
NON-PRIME
2.6
4.4
2.1
2.6
2.5
3.1
2.0
2.2
DECEMBER
29.5
32.4
29.4
29.2
29.3
33.8
23.3
29.7
JANUARY
51.5
56.8
52.3
52.0
50.7
54.5
45.1
51.9
FEBRUARY
64.2
69.9
66.5
64.6
63.1
66.1
58.5
64.4
MARCH
72.9
77.9
73.8
7 3.4
72.0
75.8
66.5
73.0
APRIL
79.9
85.8
80.8
80.0
79.0
82.3
73.8
80.8
MAY
85.3
90.9
85.7
84.6
84.7
87.5
80.6
8S.6
JUNE
89.7
93.6
88.0
88.8
89.7
93.5
85.6
88.8
JULY
92.2
95.8
90.7
92.3
91.9
95.2
88.1
91.6
AUGUST
93.8
96.9
93.9
93.7
93.3
96.4
89.7
93.2
SEPTEMBER
95.4
98. 1
95.8
95.4
94.8
97.5
91.8
94.8
OCTOBER
9 7.0
98.9
97.7
96.7
96.5
98.3
94.6
96.5
NOVEMBER
97.7
99.4
98.9
97.3
97.2
98.8
95.6
97.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
NOV
28-30
DECEMBER
OR L A T E R
1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE C A L L REPORT CF C O N D I T I O N ON DECEMBER 31, 1965.
p R i M E B A N K S A R E 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 R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y AND WHICH
3/
R E P O R T E D B Y D E A L E R S TO TRADE W I T H I N 1 CR 2 BASIS P O I N T S OF EACF OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
ARE
•
TA3LF
IE
•
SALES
#
#
#
#
MATURING
196 8 NOV
IN
TOTAL
#
/!/ 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 SINCE P R E V I O U S MONTH 2 /
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF B A N K S 3/
AS OF 27 NOV 1968
PERCENTAGE DISTRIBUTION
SI
CD'S
#
$200
HILLION
AND UNDER
$200 M I L L I O N
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
B I L L I O N ANO OVER
-
PRI ME 4/
TOTAL
NEW YORK
CITY
OUTSIDE
NEW Y O R K
CITY
NON-PRIME
2 8-30
DECEMBER
22.7
33.6
27.1
32.0
18.3
14.6
16.5
27.7
10.9
13.2
13.1
13.8
9.4
7.6
9.4
12.9
2 5.9
26.1
29 .1
22.4
26.3
27.9
25.5
24.3
MARCH
7.2
2.6
3.9
5.8
8.6
10. 7
6.5
7.3
APRIL
4. 3
4.7
2.8
4.0
4.7
3.4
6.2
5.1
14.5
13.0
14.4
9. 9
16.0
14.8
20.0
13.3
JUNE
6.8
2.8
1.0
3.1
9.3
15.1
6.4
1*9
JULY
1.4
0.5
1.0
1.2
1*6
1.8
1*2
1.7
AUGUST
1.0
0.5
0.9
1.4
1.0
1.5
0.8
0.3
SEPTEMBER
0.6
0.3
0.9
0.6
0.5
0.7
0.4
0.4
OCTOBER
0.9
0.3
0.7
1.6
0.8
0.5
0.7
1.4
NOVEMBER
OR L A T E R
3.7
2.4
4.9
4.0
3.5
1.3
6.6
3.6
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
196 9 J A N U A R Y
FEBRUARY
MAY
TOTAL
*
(MEMORANDUM 2
TAX
IAND D I V I D E N D M A T U R I T I E S )
DECEMBER
10
0.2
0.3
0.2
0.3
0.2
0.2
0.2
0. 1
DECEMBER
16
2.9
4.0
1.1
4.4
2.7
2.4
2.3
3.8
(MEMORANDUM:
261
89
NUMBER O F BANK S ) — - • • —
83
52
37
7
1/ S E E TECHNICAL A P P E N D ! X A .
2/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S CF $100,000 CR M O R E ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
3/ TOTAL D E P O S I T S A S R E P O R T E D IN THE C A L L REPORT OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .
4/ P R I M E B A N K S 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 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
R E P O R T E D BY D E A L E R S TO TRADE W I T H I N I OR 2 BASIS P O I N T S OF 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 O T A L S MAY N O T ADD DUE TO R O U N D I N G .
12
WHICH A R E
id
TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
(IN MONTHS 1
DATE OF SURVEY
BANK CLASSIFICATION
27 NOV
1968
30-QCT 1968
25 SEP
1968
(BY LOCATION)
ALL
REPORTING BANKS
3.1
3.3
3.5
NEW YORK CITY
2.8
2.9
3.3
CHICAGO
3.0
3.3
3.7
OTHER
3.3
3.5
3.6
ISSUING CD'S
(BY SIZE OF SAMK) 2/
2.6
2.8
2.8
$200-$500 MILLION
3.1
3.2
3.4
$500— $i »000 MILLION
3.1
3.3
3.5
OVER
3.2
3.3
3.6
2.8
2.9
3.3
3.6
3.8
4.0
3.1
3.3
3.4
UNDER
$200 MILLION
$1 BILLICN
PRIME
IN NEW YORK CITY 3/
PRIME OUTSIDE NEW YORK CITY
NON-PRIME
3/
1/
INCLUDES C E R T I F I C A T E S
?/
TOTAL DEPOSITS AS REPORTED
3/
PRIME BANKS ARF THOSE WHOSE NF GOT I ABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRACE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
T A B L E 48
AVERAGE MATURITY
OF
NEGOTI ABLE T I M E C E R T I F I C A T E S OF D E P O S I T
SOLD BY W E E K L Y
1/
REPORTING BANKS
DURING T H E M O N T H OF V A R I O U S S U R V E Y S
(IN M O N T H S )
D A T E OF
SANK C L A S S I F I C A T I O N
27 NOV
1968
30—OCT
SURVEY
1968
2 5 SEP
1968
(BY L O C A T I O N )
ALL
REPGRTING
BANKS
ISSUING CD'S
3.5
3.3
3.4
3.8
2.9
2.8
CHICAGO
3.9
3.1
4.5
OTHER
3.2
3.6
3.5
NEW
YORK C I T Y
(BY SIZE OF B A N K ) 2/
UNDER
$2 0 0 M I L L I O N
2.7
2.8
3.0
$200— $500 P I L L I O N
3.2
3.5
3.7
$500-$1,000 MILLION
3.1
3.2
3.5
OVER
3.7
3.4
3.4
3.8
2.9
2.9
4.0
4.1
4.0
3.1
3.3
3.5
$1 B I L L I O N
PRIME
IN NEW YORK CITY 3/
PRIME
OUTSIDE
NEW YORK CITY
NON-PRIME
1/
INCLUDES CERTIFICATES
2/
TOTAL
3/
P K L M E B A N K S 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 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
K-FLCH ARE R E P O R T E D BY D E A L E R S TC TRADE WITHIN 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
0 T E—JER
IN D E N O M I N A T I O N S
D F P O S I T S AS R E P O R T E D
TFTHMCAL
APPENDIX
9.
IN THE CALL
OF
3/
$100,000 OR M O R E
ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
REPORT OF C O N D I T I O N ON
DECEMBER
31,
1965.
T A B L E 5A
R A T I O OF
OUTSTANDING NEGOTIABLE
TO TOTAL
AT V A R I O U S
(PER
TIME C E R T I F I C A T E S OF DEPOSIT
DEPOSITS
SURVEY
DATES
CENT)
DATE OF
(IN
ALL
T O T A L 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 )
27
NOV
BANKS ISSUING
CD'S
1/
1968
30 OCT
SURVEY
1968
25
SEP
1968
11.0
10.7
10.4
UNDER
200
7.2
7.2
7.3
200 -
500
9. 1
9.2
8.9
500 -
1000
10.5
10.4
10.2
12.0
11.5
11.1
3/
13.7
12.9
12.1
Y O R K 3/
10.0
9.7
9.7
12.8
12.4
12.1
OVER
1000
PRIME
IN NEW
PRIME
OUTSIDE
YORK
NEW
NONPRIME
1/
INCLUDES CERTIFICATES
2/
TOTAL
IN D E N O M I N A T I O N S
DEPOSITS AS REPORTED
IN T H E C A L L
OF
$100,000
REPORT
OF
OR M O R E
ISSUED
CONDITION ON
BY W E E K L Y R E P O R T I N G
DECEMBER
BANKS.
31, 1 9 6 5 .
3 / P R I M E B A N K S A R E T H O S E W H O S E 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 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 A N D
W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E 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 T H E S E C O N D A R Y M A R K E T .
NOTE-
D E P O S I T S IN THE D E H C M I N A T O R OF T H E R A T I O
INTERBANK AND U.S. G O V E R N M E N T DEPOSITS.
IN T H I S T A B L E
ARE
TOTAL
DEMAND AND
TIME D E P O S I T S , INCLUDING
T A B L E 5B
RATIC
OF
CUT ST AND IMG 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
TO TOTAL
AS CF
DEPOSITS
27 NOV
(NUMBER
( IN M I L L I O N S OF
ALL
RANKS
UNDER
DOLLARS)
ISSUING
200
^
•;
»
%
10%
15?
20%
25%
^
^
^
^
^
41
26
II
35
500 OVER
1000
IN N E W
PRIME
OUTSIDE
YORK
NEW
3/
YORK
3
/
1
2
1/ I N C L U D E S C E R T I F I C A T E S
TOTAL
NOTE-
DEPOSITS
DEPOSITS
IN
AS R E P O R T E D
IN T H E C A L L
THE D E N O M I N A T O R
INTERBANK AND
I?
4
*
0
10
1
3
3
0
7
0
OF
$ 1 0 0 , 0 0 0 OR
REPORT
DEPOSITS.
OF
MORE
T A B L E ARE TOTAL
10.5
'°
°
L 3
*?
°
31,
*"1
L2
BY W E E K L Y R E P O R T I N G
DECEMBER
*2
0
°
2
ISSUED
CONDITION ON
IN T H I S
1
4
?
^
4
3
U.*
°
*
10
6
sr;»o5"
MORE
,
9
OF T H E R A T I O
U.S. GOVERNMENT
^
3
4
IN D E N O M I N A T I O N S
gr
7
1 2
12
0
NONPRIME
?F
15
13
3
PRIME
BANKS)
r r
1 3
1000
OF
1968
LESS
200 - 5 0 0
I/
10.0
12
*8
BANKS.
1965.
DEMAND AND
TIME DEPOSITS, INCLUDING
TABLE 5C
PER CENT CHANGE
IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
30 OCT
1968 TO 27 NOV
1968
(NUMBER OF BANKS)
TOTAL DEPOSITS 2/
RECUCFC
DECLINES OF
3
!JN D E-R 200
2
13
200 - 500
1
500 - 1000
OVER
PRIME IN NEW YORK 3
/
m
j°zl_
ALL BANKS ISSUING
CD
'S
1000
INCREASES OF
UV_ }ole ?S
59
17
58
12
13
7
15
12
15
2
5
6
25
8
18
15
6
0
0
2
3
13
2
9
13
9
1
0
1
0
8
0
16
5
7
g
0
0
1
0
2
1
3
0
21
ISSUED CD'S BUT
21
45
37
PRIME OUTSIDE NEW YORK 3/
0
0
0
2
C
7
1
2
NONPRIME
0
1
0
5
0
7
3
2
3
0
0
0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED
IN THE CALL REPORT OF CONCITION ON DECEMBER 31, 1965.
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 WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-
THF NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.
#
#
#
#
#
#
#
#
#
#
TABLE 50
PER CENT CHANGE
IN OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT /I
28 AUG
1968 TO 27 NOV
1968
(NUMBER OF BANKS)
CD'S 25%
TO
HR
ZERO
"ORE
(IN MILL IONS OF D O L L A R S )
ALL BANKS
CD'S
ISSUING
INCREASE OF
DECLINES OF
REDU-
TOTAL D E P O S IT S /2
10
TO
15%
15
TO
20%
20
TO
25%
5
TO
10%
5%
OR
LESS
CHANGE
5%
OR
LESS
5
TO
10%
NO
25%
OR
MORE
20
TO
25%
15
TO
20%
10
TO
15%
ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE
4
18
8
8
11
22
32
8
28
25
24
25
8
42
2
200
3
P
4
5
5
9
7
3
6
5
7
7
3
19
1
200 - 500
1
8
3
3
2
6
12
4
8
9
6
7
3
12
0
500 -
0
2
0
0
2
4
7
1
E
5
5
7
2
8
1
0
0
1
0
2
3
6
0
6
6
6
4
0
3
0
0
0
0
0
0
0
I
0
1
I
2
1
A
1
0
0
0
0
0
1
2
1
0
4
I
1
2
0
0
0
0
0
1
0
1
1
4
0
1
4
3
1
0
2
0
UNDER
OVER
1000
1000
PRIME
IN N E W YORK 3/
PRIME OUTSIDE NEW YORK
NONPRIME
3/
1/ INCLUDES C E R T I F I C A T E S IN D E N C M NATIONS OF $100,000 OR MORE
2/ TOTAL D E P O S I T S AS REPORTED
" ,E - IS
O U T S T A N D I N G S TO ZERO.
ISSUED BY WEEKLY REPORTING
IN THE CALL REPORT OF CONDITION ON DECEMBER
BANKS.
31, 1965.
S S S y S S ^ JSLIffS.^' 8ANKS ,B,T
TABLE
CHANGE
IN
OUTSTANDING
OVER
NEGOTIABLE TIME
THE M O N T H
AT
AS
THE
30
A PER
OCT
1968
(IN
ALL
D E P O S I T S IT
MILLIONS
BANKS
CD'S
OF
DECLINES
DOLLARS*
1%
AND
OVER
2
TO
3%
C E R T I F I C A T E S OF D E P O S I T
CENT OF
BEGINNING
TO
(NUMBER
TOTAL
5E
OF T H E
2 7 NOV
OF
TOTAL
1/
DEPOSITS
PERIOD
1968
BANKS)
OF
I N C R E A S E S OF
1
TO
2%
1%
ANO
LESS
NO
CHANGE
1%
AND
LESS
I
TO
2%
2
TO
3%
3%
AND
OVER
ISSUING
0
0
12
94
17
104
27
8
2
UNDER
200
Q
0
4
37
7
30
10
2
1
200 -
500
0
0
5
32
8
34
5
0
0
500 -
1000
0
0
2
16
2
22
6
4
0
0
0
1
9
0
18
6
2
1
0
0
0
1
0
2
3
0
1
0
0
0
3
0
7
2
0
0
0
0
1
5
0
<3
1
2
0
OVER
1000
PRIME
IN N E W
PRIME
OUTSIDE
YORK 3/
NEW
YORK
3/
NONPRIME
1/
INCLUDES CERTIFICATES
2/
TOTAL
3/ PRIME
WHICH
NOTE-
DEPOSITS
IN D E N O M I N A T I O N S
AS REPORTED
B A N K S ARE THOSE
ARE R E P O R T E D BY
IN
THE
CALL
WHOSE N E G O T I A B L E
DEALERS TO TRADE
OF
S1001000
REPORT
CF
OR M O R E
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 OF D E P O S I T ARE 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 T H E S E C O N D A R Y M A R K E T .
D E P O S I T S IN THE D E N O M I N A T O R OF T H E R A T I O
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
IN T H I S
TABLE ARE
TOTAL
DEMAND
AND
TIME DEPOSITS#
INCLUDING
T A B L E 5F
CHANGE
OVER
IN O U T S T A N D I N G N E G O T I A B L E
THE
LAST THREE M O N T H S
AT THE
AS A PER C E N T OF
196 8 TO 27 NOV
(NUMBER OF
D E P O S I T S 2/
BANKS
CD'S
TOTAL D E P O S I T S
1968
BANKS)
DECLINES OF
(IN M I L L I O N S OF D O L L A R S )
ALL
1/
B E G I N N I N G OF THE P E R I O D
28 AUG
TOTAL
TIME C E R T I F I C A T E S OF D E P O S I T
5%
AND
OVER
4
TO
5%
3
TO
4%
I N C R E A S E S OF
2
TO
3%
1
TO
2%
1%
AND
LESS
NO
CHANGE
1%
AND
UNDER
2
TO
31
1
TO
2%
3
TO
4%
5*
AND
OVER
4
TO
5%
ISSUING
0
2
3
D
19
71
8
75
38
20
5
7
9
UNDER
200
0
2
3
2
3
30
3
26
12
7
2
1
1
200 -
500
0
0
0
4
11
20
4
22
10
4
2
2
5
500 -
1000
0
0
0
1
2
13
1
14
12
4
t
2
2
0
0
0
1
3
8
0
13
4
5
0
2
1
0
0
0
0
0
t
0
2
1
2
0
1
0
0
0
0
0
2
2
0
6
0
2
0
0
0
0
0
0
I
1
5
0
5
3
1
0
1
1
OVER
1000
PRIME
IN N E W
Y O R K 3/
PRIME OUTSIDE NEW
NONPRIME
1/
YORK
3/
INCLUDES CERTIFICATES
2/ TOTAL
IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE
DEPOSITS AS REPORTED
ISSUED BY W E E K L Y R E P O R T I N G
IN THE CALL REPORT OF C O N D I T I O N ON D E C E M B E R
BANKS*
31, 1965.
3/ P R I M E B A N K S 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 R E G A R D E D 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 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 BASIS P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
NOTE-
D E P O S I T S IN THE D E N O M I N A T O R OF THE R A T I O
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
IN T H I S
T A B L E ARE TOTAL
D E M A N D A N D TIME D E P O S I T S , I N C L U D I N G
TABLE 6A
MATURITY OIST«IBUTIDN GF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 NOV
(AMOUNTS
C D 1 S MATUR IMG IN
ALL
DISTRICTS
BOSTON
625.5
29. 5
DEC
6526.2
1969 JAN
NEW
YORK
IN MILLIONS OF DOLLARS)
PHILADELPHIA
CLEVELAND
306.4
8.5
39. 1
412.3
2723.2
186.8
5346.6
312. 3
1947.5
FEB
3081.0
162.4
MAR
2102.7
APR
196% NOV 2 8-NOV 30
1968
RICHMOND
ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
8.2
4.8
11.2
43.3
90.0
110.6
108.1
139.6
442.6
905.1
12.9
10.8
335.7
138.2
2C7.9
816. 1
139.7
334. 1
82.4
138.1
809.6
74.5
102.8
144.5
407.7
853.4
1045.6
93.5
213.3
56.3
111.1
481.9
64.1
52.8
69.9
181.9
548.2
97.0
838.6
81.2
104.7
53.1
78.6
266.4
39.8
34.8
49.0
124.5
335.0
I 702.9
80.9
585.7
47.1
137.5
47.8
50.0
194.7
41.7
31.7
29.1
119.6
337.1
MAY
1311. 1
64.4
453.4
37.1
69.1
27.4
49.5
277.3
21.4
16.0
21.1
63.2
211.2
J UN
1076.9
86.0
493.2
36.3
8 3.6
12.3
28.8
125.6
14.5
9.7
12.9
33.6
140.4
JUL
614.6
25. 1
172.9
24.6
83.3
4.8
44.1
71.1
9.0
9.4
17.1
55.3
97.9
AUG
3 93.9
22.8
115.9
8.1
71.7
3.9
13.1
48.5
4.0
4*6
19.1
18.0
64.2
SEP
388. 3
14. 1
112.3
12.0
36.9
12.2
17.1
76.6
6.8
1.7
8.3
19.6
70.7
OCT
395.5
13. 7
83.8
5.2
33.3
13.8
10.2
40.5
2.2
2.2
24.3
14.2
152.1
NOV
179. 3
6.5
49.2
3.5
15.8
6.6
5.2
39.8
0.4
1.4
0.9
9.1
40.9
DEC OR LATER
561.9
45.4
127.4
18.1
199.4
8. 1
18.2
49.7
4.3
0.5
0.3
42.2
48.3
24306.4
1372.4
9055.1
701.7
1756.5
479.8
782.7
3359.6
401.5
380.5
547.3
1574.8
3894.5
3.0
2.8
3.1
4.4
3.1
3.3
3.1
2.8
2.5
3.0
2.8
3.3
18
49
10
18
15
22
11
5
21
24
33
TOTAL
*
AVERAGE MATURITY
IN MONTHS 2/
3. 1
NUMBER
BANKS
261
61.8
OF REPORTING
35
1/ INCLUDES O N L Y C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS*
2/ SEF
*
TECHNICAL APPENDIX
R.
DETAILS -MAY NH F AI)0 TO TOTALS DUE TO ROUNDING.
TABLE 6B
1/
2/
SALES cr .NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 NOV
(AMOUNTS
1968
IN MILLIONS OF DOLLARS)
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
1C9.5
28.2
19.4
26.0
109.3
226.9
10.3
54.1
6.4
6.1
8.5
37.0
108.8
28.3
32.4
190.1
19.7
20.6
27.5
77. 1
200.1
26. 1
4.6
7.1
41.0
10.6
7.4
3.2
10.6
41.8
6.3
25.5
6.2
3.8
22.0
1.9
8.6
2.8
10.9
57.5
272.8
22.2
38.9
16.2
26.1
184.9
8.2
10.4
15.2
40.5
90.6
16.9
239.a
3.9
11*1
3.9
1.1
17.1
3.2
2.8
0.5
1.3
54.1
72.8
5.0
29.7
0.2
6.2
0.0
3.5
5.4
2.0
3.3
1.5
1.1
14.9
AUG
53.8
5.1
27.2
0.1
1.6
1.3
3.3
4.7
1.9
0.5
1.0
2.2
4.9
SEP
30.2
2.2
12.0
0.0
2.3
0.0
1.0
3.5
0.1
0.2
0.1
1.1
7.7
OCT
47.2
5. 1
14.6
0.3
1.8
0.5
2.1
10.8
0.0
0.3
0.3
1.4
10.0
192.0
13.9
40.1
2.8
25.4
4.7
6.8
32.8
2.6
1.2
0.7
15.6
45.4
5191.9
368. 6
1986.2
139.7
346.3
100.4
151.1
675.9
84.8
80.8
87.3
308.1
862.7
3.4
2.9
3.6
2.9
3.6
3.4
3.2
3.9
3.0
3.2
2.8
2.8
3.4
ALL
DISTRICTS
BOSTON
196A DEC
1179.3
119.9
1 9 6 9 JAN
565.1
FEB
CD'S MATURING
IN
RICHAIL ANTA
MOND
PHILADELPHIA
CLEVELAND
363.6
34.1
69.1
19.7
53.6
54.4
190.6
21.2
52.7
15.0
1342.6
88.4
534.4
38.4
85.6
MAR
3 75.7
15.9
196.7
10.2
APR
224. 8
13.8
65.5
MAY
754.0
28.0
J UN
354.9
JUL
NOV OR LATER
TOTAL *
AVERAGE MATURITY
IN MONTHS 3/
NEW
YORK
CHICAGO
1/ SEE TECHNICAL APPENDIX A.
2/ INCLUDES ONLY CERTIFICATES ISSUED IN OF NCMI NATI CNS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
3/ SEF TECHNICAL APPENDIX B.
* DETAILS
V
A Y NOT All
TC TOTALS CUE TO RCUNDING.
T A B L E 6C
M A T U R I T Y DI STRI BUTICN CF OUTST ANCING N E G O T I A B L E TIME C E R T I F I C A T E S OF O E P O S I T
AT W E E K L Y R E P O R T I N G B A N K S
BY FEDERAL R E S E R V E DISTRICT
AS OF 27 NOV
(PERCENTAGE
CD* S MATUR ING
1968 NOV
ALL
0 i STRICTS
IN
28~NOV
2.6
30
NEW
YORK
BOSTON
2. 1
3.4
PHILADELPHI A
I .2
1/
1968
DISTRIBUTION)
CLEVELAND
RICHMOND
ATLANTA
CHICAGO
2.2
2.7
1.4
1.8
ST.
LOUIS
MINNEAPOLIS
2«,0
1.3
KANSAS
CITY
2.0
DALLAS
SAN
FRANCISCO
2.7
2.3
26. 8
30.0
30.1
26.6
19. 1
28.8
26.6
24.3
27,• 5
28.4
25.5
28. 1
23.2
1 9 6 9 JAN
22.0
22. 8
21.5
19.9
19.0
17.2
17.6
24.1
18,.6
27.0
26.4
25.9
21.9
FEB
12.7
11.8
11.5
13.3
12.1
11.7
14.2
14.3
16,.0
13.9
12.8
11.6
14.1
MAR
8.7
7. 1
9.3
11.6
6.0
11.1
10.0
7.9
9,.9
9. 1
9.0
7.9
8.6
APR
7.0
5.9
6.5
6.7
7.8
10.0
6.4
5.8
10 .4
8.3
5.3
7.6
8.7
MAY
5.4
4.7
5.0
5.3
3.9
5.7
6.3
8.3
5 .3
4.2
3.9
4.0
5.4
J UN
4.4
6. 3
5.4
5.2
4.8
2.6
3.7
3.7
3 .6
2.5
2.4
2.1
3.6
JUL
2.5
1.8
1.9
3.5
4.7
1.0
5.6
2.1
2 .2
2.5
3.1
3.5
2.5
AUG
1.6
1.7
1.3
1 .2
4.1
0.8
1.7
1.4
1 .0
1.2
3.5
1.1
1.6
SEP
1.6
1.0
1.2
1.7
2.1
2.5
2.2
2.3
1.7
0.4
1.5
1.2
1.8
OCT
1.6
1.0
0.9
0.7
1.9
2.9
1.3
1.2
0 .5
0.6
4.4
0.9
3.9
NOV
0. 7
0.5
0.5
0.5
0.9
1.4
0.7
1.2
0.1
0.4
0.2
0.6
1.1
DEC OR L A T E R
2.1
3. 3
1.4
2.6
11.4
1.7
2.3
1.5
1.1
0.1
0.1
2.7
1.2
100.0
100.0
100.0
100.0
100.0
.0
100,0
100.0
100.0
100.0
DEC
TOTAL
1/
100.0
*
INCLUDES O N L Y C E R T I F I C A T E S ISSUED
http://fraser.stlouisfed.org/
Federal Reserve
Bank of St. Louis
•
•
•
100.0
100.0
IN D E N O M I N A T I O N S
•
100
OF $ 1 0 0 , 0 0 0 OR M O R E BY W E E K L Y R E P O R T I N G B A N K S .
•
E
•
•
•
•
#
#
#
#
#
#
#
#
#
#
TABLE 60
MATURITY DISTRIBUTION
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
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 OF 2 7 NOV
(CUMULATIVE
C O 1 S MATURING
1969 NOV
IN
28-NOV
ALL
DISTRICTS
30
BOSTON
2. I
2. 6
NEW
YORK
3.4
DEPOSIT
1/
1968
PERCENTAGE)
PHI L A DELPHI A
CL EV ELAND
RICHMONO
ATLANTA
1.2
2.2
2.7
1.4
1.8
2.0
1.3
CHI—
CAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
2.0
DALLAS
SAN
FRANCISCO
2.7
2.3
DEC
29.4
32. 1
33.5
27.8
21.3
31.5
28.0
26.1
29.5
29.7
27.5
30.8
25.5
1 9 6 9 JAN
51.4
54.9
55.0
47.7
40.3
48.7
45.6
50.2
48.1
56.7
53.9
56.7
47.4
FEB
64. 1
66. 7
66.5
61.0
52.4
60.4
59.8
64.5
64.1
70.6
66.7
68.3
61.5
MAR
72.8
73.8
75.8
72.6
58.4
71.5
69.8
72.4
74.0
79.7
75.7
76.2
70.1
APR
79.8
79.7
82.3
79.3
66.2
81.5
76.2
78.2
84.4
88.0
81.0
83.8
78.8
MAY
85.2
84.4
87.3
84.6
70. I
87.2
82.5
86.5
89.7
92.2
84.9
87.8
84.2
J UN
89.6
90.7
92.7
89.8
74.9
89. 8
86.2
90.2
93.3
94.7
87.3
89.9
87.8
JUL
92. 1
92.5
94.6
93.3
79.6
90.8
91.8
92.3
95.5
97.2
90.4
93.4
90.3
AUG
93. 7
94. 2
95.9
94.5
83.7
91.6
93.5
93. 7
96.5
98.4
93.9
94.5
91.9
SEP
95. 3
95.2
97. 1
96.2
85.8
94.1
95.7
96.0
98.2
98.8
95.4
95.7
93.7
OCT
96. 9
96.2
98.0
96.9
87.7
97.0
97.0
97.2
98.7
99.4
99.8
96.6
97.6
NOV
97.6
96. 7
98.5
97.4
88.6
98.4
97.7
98.4
98.8
99.8
100.0
97.2
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
DEC OR
1/
LATER
INCLUDES ONLY C E R T I F I C A T E S
ISSUED
IN D E N C M I N A T I C N S OF
$ 1 0 0 , 0 0 0 OR M O R E
BY W E E K L Y R E P O R T I N G
BANKS.
100.0
TABLE 6E
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 NOV
1968
(PERCENTAGE DISTRIBUTION)
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
16.2
33.3
24.0
29.8
35.5
26.3
6.8
8.0
7.5
7.5
9.7
12.0
12.6
28.2
21.4
28.1
23.2
25.5
31.5
25.0
23.2
7.5
4.6
4.7
6.1
12.5
9.2
3.7
3.4
4.8
4.5
7.4
6.2
2.5
3.3
2.2
10.6
3.2
3.5
6.7
13.7
15.9
11.2
16.1
17.3
27.4
9.7
12.9
17.4
13.1
10.5
4.6
12.0
2.8
3.2
3.9
0.7
2.5
3.8
3.5
0.6
0.4
6.3
1.4
1.4
1.5
0.1
1.8
0.0
2.3
0.8
2.4
4.1
1.7
0.4
1.7
AUG
1.0
1.4
1.4
0.1
0.5
1.3
2.2
0.7
2.2
0.6
1.1
0.7
0.6
SEP
0. 6
0.6
0.6
0.0
0.7
0.0
0.7
0.5
0.1
0.2
0.1
0.4
0.9
OCT
0.9
1.4
0.7
0 .2
0.5
0.5
1.4
1.6
0.0
0.4
0.3
0.5
1.2
NOV OR LATER
3.7
3. 8
2.0
2.0
7.3
4.7
4.5
4.9
3.1
1.5
0.8
5.1
5.3
100.0
100.0
100.0
100.0
100.0
1CO.O
100.0
100.0
100.0
100.0
100.0
C D ' S MATURING
ALL
01 sTRICTS
BOSTON
1968 DEC
22.7
32.5
1969 JAN
10.9
FEB
TOTAL
IN
PHILADELPHIA
CLEVELAND
18.3
24.4
20.0
19.6
35.5
14.8
9.6
15.2
15.2
14.9
25. 9
24.0
26.9
27.5
24.7
MAR
7. 2
4.3
9.9
7.3
APR
4.3
3.7
3.3
MAY
14.5
7.6
J UN
6.8
JUL
*
100. 0
100.0
NEW
YORK
RICHMOND
ATL ANTA
CHICAGO
1/ SEE TECHNICAL APPENDIX A.
2/
INCLUDES ONLY C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING B A N K S .
NOTE -
SALES IN THIS TABLE ARE
NCT ADJUSTED FOR CD'S THAT
* DETAILS MAY NOT ADD TO TOTALS DUE TC RCUNDING.
HAVE MATURED.
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 1 s maturing in the survey
m o n t h — a f t e r the survey d a t e — a r e assumed to mature in the middle of the
period between the .survey date and the and 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 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,
@FedFRASER