The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
January 22, 1967.
L.4.1
CONFIDENTIAL (FR)
r
r - a M
^
Ot ^
R
j
e s e J h ^
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
December 27, 1967
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
TABLE
1
1/
MATURITY
DISTRIBUTION
OF
OUTSTANDING
WEEKLY
AS
CD'S
MATURING
1967
DECEMBER
1968
NEGOTIABLE
REPORTING
CF
AMOUNT
( M I L L I O N S OF
DOLLARS)
IN
27
DEC
TIME
C E R T I F I C A T E S OF
DEPOSIT
AT
BANKS
1967
PERCENTAGE
D1STRIBUTION
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 )
1,368.0
6.7
6.7
.0
JANUARY
5,911.9
29.1
35.8
1,381.5
FEBRUARY
3,555.8
17.5
53.3
770. 7
MARCH
2,992.2
14.7
68.0
1*078.5
APRIL
2,009.3
9.9
77.9
208.2
MAY
1,072.9
5.3
83.2
108.2
JUNE
922.2
4.5
87.7
290.8
JULY
535.4
2.6
90.3
81. 8
AUGUST
435.1
2.1
92.4
12.7
SEPTEMBER
329.3
1.6
94.0
16.1
OCTOBER
277.2
1.4
95.4
9.5
NOVEMBER
186.6
.9
96. 3
10.3
DECEMBER
132.9
.7
97.0
OVER
599.6
2.9
100.0
20,328.3
100.0
XXX
28 -
31
1 2 MONTHS
TOTAL
i MEMORANDUM:
MARCH
MARCH
APRIL
11
15
15
-
I N C L U D E S ONLY C E R T I F I C A T E S
2/
SEE
3/
SALES
OF C D ' S
IN
APPENDIX
A.
MATURING
AFTFR
DENOMINATIONS
11
MONTHS.
OF
XXX
4,144.5
AND D I V I D E N D M A T U R I T I E S )
1.4
2.3
2.0
284.2
463.9
401.4
1/
TECHNICAL
TAX
176*2
$100,000
OR MORE
XXX
XXX
XXX
ISSUED
BY WEEKLY R E P O R T I N G
BANKS.
TABLE
2A
1/
MATURITY 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
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 BANKS
AS
( IN
OF 2 7
PILLIONS
DEC
OF
196 7
DOLLARS)
NEW YORK C I T Y
CD'S
MATURING
1967
DEC
1968
28 -
IN
AMOUNT
DEC
31
SALES
PREVIOUS
CHICAGO
SINCE
MONTH 2 /
AMOUNT
-
ALL
SALES S I N C E
P R E V I O U S MONTH 2 /
-
OTHER
WEEKLY R E P O R T I N G BANKS
AMOUNT
-
SALES S I N C E
P R E V I O U S MONTH 2 /
563.2
.0
68.2
.0
716.4
.0
JANUARY
2,377.6
656.5
504.8
35.5
,029.5
689.3
FEBRUARY
1 , 4 1 3 . ti
399.3
327.9
47.8
1,8]4.1
323.2
MARCH
1, 0 0 3 . 4
394.3
301.8
79.4
1,687.3
604 .9
APR IL
52 9. 8
61.0
180,4
9.7
1,299.1
137.6
MAY
317.0
15.9
72.7
3.3
683 .2
88 . 9
- JUNE
271.0
61.0
69.3
9.1
581 .9
222.0
JULY
122.5
15.7
55.1
1.2
357 .8
64.9
AUGUST
140.3
1.1
36.0
.2
258.8
11.4
SEPTEMBER
80, 0
2.6
19.7
,2
229.6
13,5
OCTOBER
86. 6
2.5
27.8
,1
162.8
6.6
NOVEMBER
64.2
1.6
5.9
.6
116.5
8.2
DEC EMBER
19,6
43.0
2,9
8,6
110.4
125.0
108.4
XXX
37.2
XXX
454.0
XXX
1,709.7
194,7
1 1, 5 2 1 . 3
?,295.4
OVER
12 MONTHS
TOTAL
*
7, 0 9 7 . 4
NUMBER O F R E P O R T I N G BANKS
/3
1,654,5
12
1/
INCLUDES ONLY C E R T I F I C A T E S
2/
SEE
3/
SAL t S O F C D ' S
TECHNICAL APPENDIX
A.
11
243
AND D I V I D E N D MATUR IT I E S I
45.3
32.1
55.3
IN DENOMINATION
MATURING AFTER
TOTALS MAY NOT ADD DUE
TAX
125.4
215.2
141.6
MARCH 1 1
MARCH 1 5
MARCH 1 5
/3
11
(MEMORANDUM:
*
AT
MONTHS.
TU R O U N D I N G .
OF
$100,000
CR MORE
ISSUED
113.5
216.6
204.5
BY WEEKLY R E P O R T I N G B A N K S ,
/3
TABLE
2B
1/
MATURITY
DISTRIBUTION
OF
OUTSTANDING
NEW YURK C I T Y ,
CHICAGO,
AS OF
27
NEGOTIABLE
AND ALL
DEC
1967
(PERCENTAGE
M A T i i o r mp
AND 2 9
DEPOSIT
DAYS 2 /
DEC
29
AT
BANKS
1967
DISTRIBUTION)
CHICAGO
ALL
NOV
27
DEC
29
NOV
27
OTHER
DEC
29
NOV
7.9
2.7
4.0
.6
6.4
1.5
01
MONTHS 3 /
33.5
32.0
29.5
20.7
26.3
26.6
02
MONTHS
19.9
23.0
19.2
25.5
15.7
19.8
03
MONTHS
14.1
13.6
17.7
15.2
14.6
12.6
04
MONTHS
7.5
8.1
10.6
12.1
11.3
9.2
05
MONTHS
4.5
6.3
4.3
9.3
5.9
9.8
06
MONTHS
3.8
4.0
4.1
3.8
5.1
5.0
07
MONTHS
1.7
2.8
3.2
3.3
3.1
3.1
08
MONTHS
2.0
1.4
2.1
2.9
2.2
2.5
09
MONTHS
1.1
1.9
1.2
1.9
2.0
2.1
10
MONTHS
1.2
1.0
1.6
1.1
1.4
1.8
11
MONTHS
.9
1.1
.3
1.5
1.0
1.3
12
MONTHS
.3
.8
.2
.3
1.0
.9
1.5
1.1
2.2
1.7
3.9
3.7
100.0
100.0
100.0
100.0
100.0
100.0
OF $ 1 0 0 , 0 0 0
OR MORE
OVER
12
TOTAL
MONTHS
*
1/
I N C L U D E S 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 IN SURVEY MONTH. T H I S
F O L L O W I N G THE L A S T WEDNESDAY OF THE MONTH.
3/
NUMBER
*
NOV
OF
i m
27
0-6
CERTIFICATES
OTHER WEEKLY R E P O R T I N G
NEW YORK C I T Y
r n • c
TIME
TOTALS
OF MONTHS FOLLOWING
MAY NUT
ADD DUE
IN
THE
DENOMINATIONS
SURVEY
TO R O U N D I N G .
MONTH.
PERIOD
VARIES
ISSUED
WITH
THE
BY
WEEKLY R E P O R T I N G
NUMBER
OF
DAYS
TABLE
2C
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
NEW YORK C I T Y ,
CHICAGO,
AS
OF 2 7
NEGOTIABLE
AND ALL
DEC
1967
(CUMULATIVE
OTHER
AND 2 9
MATURING
WEEKLY R E P O R T I N G
NOV
OF
DEPOSIT
AT
BANKS
1967
CHICAGO
ALL
OTHER
IN
27
0-6
CERTIFICATES
DISTRIBUTION)
NEW YORK C I T Y
CD'S
TIME
DAYS 2 /
29
NOV
27
DEC
29
NOV
27
DEC
29
NOV
7.9
2.7
4.0
.6
6.4
1.5
41 .4
34.7
33.5
21.3
32.7
28. 1
01
MONTHS
02
MONTHS
61.3
57.7
52. 7
46.e
48.4
47. 9
03
MONTHS
75.4
71.3
70.4
62.0
63.0
60. 5
04
MONTHS
82.9
79.4
81.0
74. 1
74.3
69. 7
05
MONTHS
87.4
85.7
85.3
83.4
80.2
79.5
06
MONTHS
91 .2
39.7
89.4
87.2
85.3
84.5
07
MONTHS
92.9
92.5
92.6
90.5
88.4
87.6
08
MONTHS
94.9
93.9
94.7
93.4
90.6
90.1
09
MONTHS
96.0
95.8
95.9
95.3
92.6
92.2
10
MON TH S
97.2
96.8
97.5
96.4
94.0
94.0
11
MONTHS
98.1
97.9
97.8
97.9
95.0
95.3
12
MONTHS
98.4
98.7
98.0
98.2
96.0
96.2
100.0
100.0
100.0
100.0
100.0
OF $ 1 0 0 , 0 0 0
OR MORE
OVER
12
3/
DEC
MONTHS
1/
I N C L U D E S 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
F O L L O W I N G THE" LAST WEDNESDAY OF THE MONTH.
3/
NUMBER
OF MONTHS F O L L O W I N G
IN DENOMINATICNS
THE
SURVEY
MONTH.
PERIOD
VARIES
ISSUED
WITH
BY WEEKLY
THE NUMBER O F
100. 0
REPORTING
DAYS
TABLE
3A
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
AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 /
AS OF 2 7 DEC 1 9 6 7
(AMOUNTS IN M I L L I O N S OF D O L L A R S )
OF D E P O S I T
$1 BILLION
-
CD'S
MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200
$500
MILLION
TO
MILLION
$500
$1
MILLION
TO
BILLION
1/
-
AND
PRIME
TOTAL
NEW YORK
CITY
1967
DEC
1968
28-31
1,367.9
69.9
155.2
186. 1
956.7
JANUARY
5,912.0
245.9
625.1
892.9
4,148.1
FEBRUARY
3, 5 5 5 . 6
146. 3
345.2
531.9
MARCH
2,992.2
122.3
326.2
APR IL
2, 009.2
75.9
MAY
1,072.8
JUNE
530. C
OVER
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
235.4
191.3
2,284.2
1,139.4
724.5
2, 5 3 2 . 2
1,363.2
752.7
416.3
521.5
2,022.2
930.1
700.0
392.1
212.4
318.4
1, 4 0 2 . 5
489. 9
612.8
299.8
48.5
132.5
169.3
722.5
302.1
279.0
141.4
922.0
56.3
122.9
154.3
588. 5
254.2
211.7
122.6
JULY
535.3
19.8
57.6
84. 1
373.8
111.1
172.0
90.7
AUGUST
435.1
12.7
78.7
58.3
285.4
126.8
99. 1
59.5
SEPTEMBER
329.2
21.2
35.9
86.2
185.9
65.8
69.8
50.3
OCTOBER
277.1
10.8
39.5
41.3
185.5
85.3
70.2
30.0
NOVEMBER
186.4
7.6
35.2
25.4
118.2
59.4
30.1
28.7
DECEMBER
132.9
10.1
24.7
31.4
66.7
18.4
24.9
23.4
599.5
7.3
60.5
93.6
438. 1
99.7
252.5
85.9
20,32 7.2
854.6
2,251.6
3,194.7
14,026.3
6, 720.2
4,649.6
2,656.5
1 9 6 9 JANUARY
OR L A T E R
TOTAL
*
(MEMORANDUM:
TAX
AND D I V I D E N D M A T U R I T I E S )
--
MARCH
11
2 84.2
8.9
16.5
34.3
224.5
117.9
75.3
31.3
MARCH
15
463.8
13.8
37.2
54.7
358. 1
213.3
98.2
46.6
APRIL
15
401.3
3.2
22.5
46.5
329. 1
13 5 . 6
158.9
34.6
12
18
(MEMORANDUM:
266
1/
2/
3/
93
NUMBER OF
86
BANKS)
50
37
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 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 R E P O R T E D I N THE CALL REPORT CF C O N D I T I C N ON DECEMBER 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 B E I N G OF THE H I G H E S T
R E P O R T E D 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 M A R K E T .
*
T O T A L S MAY NOT ADD DUE TO ROUND I N G .
FRASER
Digitized for
QUALITY
AND
WHICH
ARE
SALES
TA9L E 36
Z1 /
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
AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 3 /
AS OF 2 7 DEC 1 9 6 7
(AMOUNTS I N M I L L I O N S OF D O L L A R S )
SI
-
C D ' S MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200
$500
MILLION
T C
MILLION
$500
$1
MILL ION
TO
BILLION
2/
BILLION
PRIME
TOTAL
NEW YORK
CITY
1967
DEC
1968
JANUARY
4/
OUTSIDE
NEW YORK
CITY
NON-PRIME
28-31
1,381.6
61.2
142.4
195. 8
982.2
640. 5
168.8
172.9
770.6
23.9
50.1
85.5
611.1
394.7
150.4
66.0
MARCH
1,078.7
50.0
127.1
183.0
718. 6
360. 1
235.3
123.2
APR IL
208. 0
9.6
25.1
34.7
138. 6
53. 8
55.4
29.4
MAY
108.2
5.9
15.8
22.8
63.7
15.3
36.5
11.9
JUNE
290.7
25.1
56.9
54.2
154. 5
56.5
50.9
47.1
JULY
81. 7
1.2
8 .9
5.5
66 . 1
15.4
43.8
6.9
AUGUST
12.7
1.6
2.9
0.7
7. 5
1.1
3.6
2.8
SEPTEMBER
16. 1
1.5
3.5
3.0
8. 1
2.6
3.6
1.9
9.4
0.3
1.3
1.7
6. 1
2.5
2.1
1.5
10. 1
0.4
2.8
1.9
5.0
1.6
2.5
0.9
1 76. 0
10.3
28.1
26.4
111.2
41. 0
48.2
22.0
191.0
464.9
615.2
2,872.7
1,585.1
FEBRUARY
OCTOBER
NOVEMBER
DECEMBER
OR LATER
TOTAL
*
4,143.8
# u r u n n A Mnuu<
TAX
801. 1
486.5
XXX
XXX
XXX
AND D I V I D E N D M A T U R I T I E S !
MARCH
11
XXX
MARCH
15
XXX
XXX
XXX
XXX
XXX
APRIL
15
XXX
XXX
XXX
XXX
XXX
NUMBER O F
(MEMORj&NDUM:
266
1/
2/
3/
4/
*
AND> OVER
93
86
BANKS)
50
SEE TECHNICAL APPENDIX A .
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 3 0 CR MCRE 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 R E P O R T E D I N THE CALL 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 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 REGARCEC AS B E I N G OF THE H I G H E S T
R E P O R T E D BY DEAL Ert S TO IRAUE W I T H I N 1 OR 2 B A S I S P O I N T S CF EACH OTHER W I T H I N THE SECONDARY M A R K E T .
T O T A L S 4 AY NOT ADD DUE TO R O U N D I N G .
18
12
37
Q U A L I T Y AND
WHICH
ARE
TABLE
3C
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
AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 /
AS OF 2 7 DEC 1 9 6 7
PERCENTAGE D I S T R I B U T I O N
OF
IN
$200
MILLION
AND UNDER
TOTAL
$200
$500
$500
MILLION
T C
MILLION
$1
M I L L ION
TO
BILLION
1/
$1 B I L L I O N
-
C C S MATUR ING
DEPOSIT
-
PRIME
TOTAL
NEW YORK
CITY
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
6 .9
5.8
6.8
7.9
5.1
7.2
28. 8
27.8
27.9
29.6
34.0
24.5
27.3
17.5
17. 1
15.3
16.6
18.1
20.3
16.2
15.7
MARCH
14.7
14.3
14.5
16.3
14.4
13.8
15.1
14.8
APR IL
9.9
8.9
9.4
10.0
10.0
7.3
13.2
11.3
MAY
5.3
5.7
5 .9
5.3
5.2
4.5
6.0
5.3
JUNE
4.5
6.6
5.5
4.8
4.2
3. 8
4.6
4.6
JULY
2.6
2.3
2 .6
2.6
2.7
1.7
3. 7
3.4
AUGUST
2.1
1.5
3.5
1.8
2.0
1.9
2.1
2.2
SEPTEMBER
1.6
2.5
1.6
2.7
1.3
1.0
1.5
1.9
OCTOBER
1.4
1.3
1 .8
1.3
1.3
1.3
1.5
1.1
NOVEMBER
0.9
0.9
1 .6
0.8
0.8
0. 9
0.6
1.1
DEC EMBER
0.7
1.2
1.1
1.0
0.5
0.3
0.5
0.9
2.9
0.9
2.7
2.9
3.1
1.5
5.4
3.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
28-31
6. 7
1967
DEC
1968
JANUARY
29.1
FEBRUARY
1 9 6 9 JANUARY
OR LATER
TOTAL
*
8.2
.
i u r li.i
A Miii i u •
T a v
a Kin
DIVIDEND MATURITIES1
MARCH
11
1.4
1.0
0.7
1.1
1.6
1.8
1.6
1.2
MARCH
15
2.3
1.6
1.7
1.7
2.6
3.2
2.1
1.8
APRIL
15
34.9
12.4
29.5
34.3
36.1
29.0
47.8
30.8
1/
2/
3/
*
AND OVER
.
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 CR HCRb 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 A S R E P O R T E D I N THE CALL REPORT OF C O N O I T I C N CN DECEMBER 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 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 TU 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 M A R K E T .
T O T A L S MAY NOT AOD DUE TO R O U N D I N G .
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 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 7 DEC 1 9 6 7
CUMULATIVE P E R C E N T A G E
OF
$1
-
CD'S
MATURING
IN
TOTAL
$200
MILLION
AND UNOER
$200
$500
MILLION
TO
MILLION
$500
$1
MILLION
TO
BILLION
DEPOSIT
1/
BILLION
-
PRIME
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
C I TY
NON-PRIME
8.2
6.9
5.8
6. 8
7.9
5.1
7.2
JANUARY
35.8
37.0
34.7
33.7
36.4
41.9
29.6
34.5
FEBRUARY
53.3
54. 1
50.0
50.3
54.5
62.2
45.8
50.2
MARCH
68.0
68.4
64.5
66.6
68.9
76.0
60.9
65.0
APR IL
77.9
77. 3
73.9
76.6
78.9
83.3
74.1
76.3
MAY
83.2
83.0
79.8
81.9
84.1
87. 8
80.1
81.6
JUNE
87.7
89.6
85.3
86.7
88. 3
91.6
84.7
86.2
JULY
90.3
91.9
87.9
89.3
91.0
93.3
88.4
89.6
AUGUST
92.4
93.4
91.4
91.1
93.0
95.2
90.5
91,8
SEPTEMBER
94.0
95.9
93.0
93.8
94.3
96.2
92.0
93.7
OCTOBER
95.4
97.2
94.8
95.1
95.6
97.5
93.5
94.8
NOVEMBER
96.3
98. 1
96.4
95.9
96.4
98.4
94.1
95.9
DECEMBER
97.0
99.3
97.5
96.9
96.9
98.7
94.6
96.8
100.0
100.0
100 . 0
100.0
100.0
100. 0
100.0
100.0
DEC
1968
1/
2/
3/
3/
6.7
1967
1969
AND OVER
28-31
JANUARY
OR L A T E R
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 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 R E P O R T E D I N THE CALL REPORT CF 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 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 B E I N G OF 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 OTHER W I T H I N THE SECONDARY M A R K E T .
Q U A L I T Y AND
WHICH
ARE
TABLE
SALES
3E
Z1/
OF
N E G O T I A B L E f I ME 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 OF 2 7 DEC 1 9 6 7
PERCENTAGE D I S T R I B U T I O N
$1
-
CD* S MATURING
IN
TOTAL
$200
$200
MILLION
AND UNDER
MILLION
TC
MILLION
$500
$500
$1
MILLION
ro
BILLION
MONTH
2/
BILLION
AND OVER
PR IMF
-
4/
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
TOTAL
1967
DEC
1968
JANUARY
33.3
32.0
30 . 6
31.8
34.2
40.4
21.1
35.5
FEBRUARY
18.6
12.5
10.8
13.9
21.3
24.9
18.8
13.6
MARCH
26.0
26. 2
27.3
29.7
25.0
22.7
29.4
25.3
APR IL
5.0
5.0
5.4
5.6
4. 8
3.4
6.9
6.0
MAY
2.6
3. 1
3.4
3.7
2.2
1.0
4.6
2.4
J UNE
7.0
13.1
12.2
8.8
5. 4
3.6
6.4
9 .7
JULY
2.0
0.6
1.9
0.9
2 .3
1.0
5.5
1.4
AUGUST
0.3
0. 8
0.6
0.1
0.3
0.1
0.4
0.6
SEPTEMBER
0.4
0.8
0.8
0.5
0.3
0.2
0.4
0.4
OCTOBER
0.2
0.2
0.3
0.3
0.2
0.2
0.3
0.3
NOVEMBER
0.2
0.2
0 .6
0.3
0.2
0.1
0.3
0.2
DECEMBER
OR LATER
4.2
5.4
6 .0
4.3
3.9
2.6
6.0
4.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
TOTAL
28-31
*
f y r u n n
a
Kin 11 u
•
t a v AND D I V I D E N D
15
XXX
XXX
XXX
15
XXX
XXX
XXX
XXX
MARCH
APRIL
XXX
93
*
3
#
4
NUMBER
{ MEMORANDUM:
266
*
#
XXX
11
>
M A T I ID I T I C C \
XXX
MARCH
%
86
OF
4
BANKS )
50
37
7
18
12
A
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 IN D E N O M I N A T I O N S OF $1 J O f OOO CR MCRE 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 R E P O R T E D I N THE CALL REPORT OF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 .
P R I M E BANK S ARE THOSE W H O SE 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 B E I N G OF 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 OTHER W I T H I N THE SECONDARY M A R K E T .
T O T A L S MAY NOT ADD DUE TO R O U N D I N G .
QUALITY
AND
WHICH
ARE
TABLE
AV t R AGE
4A
MATURITY
OF
OUTSTANDING NEGOTIABLE
AT
WEEKLY
TIME
REPORTING
AT V A R I O U S
(IN
CERTIFICATES
SURVEY
OF
DEPOSIT
1/
BANKS
DATES
MONTHS)
DAT E O F
SURVEY
BANK C L A S S I F I C A T I O N
27
DEC
1967
29
NOV
1967
25
OCT
1967
( BY LOCAT I O N )
ALL
REPORTING
ISSUING
BANKS
2.9
3.0
3.4
2.4
2.6
3.1
CHICAGO
2.7
3.1
3.5
OTHER
3.2
3.3
3.6
NEW
CD'S
YORK C I T Y
(BY
UNDER
$200
$200-$500
MILLION
MILLION
$500—$1t000
OVER
$1
MILLION
BILLION
PRIME
IN
NEW YORK C I T Y
PRIME
OUTSIDE
3/
NEW YORK C I T Y
3/
NON-PRIME
2.7
2.8
3.0
3.1
3.2
3.4
3.0
3.2
3.6
2.8
2.9
3.4
2.4
2.5
3.1
3.3
3.3
3.8
3.0
3.2
3.6
TOTAL
DEPOSITS
3/
PRIME
WHICH
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 B E I N G OF THE H I G H E S T Q U A L I T Y AND
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 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY M A R K E T .
IN
THE
CALL
$100,000
2/
2/
REPORTED
OF
BANK)
INCLUDES C E R T I F I C A T E S
DENOMINATIONS
OF
1/
AS
IN
SIZE
REPORT
OR MORE
OF C O N D I T I O N
ISSUED
ON
BY WEEKLY R E P O R T I N G
DECEMBER
31,
BANKS.
1965.
TABLE 4 R
AVERAGE
MATURITY
OF
NEGOTIABLE
SOLD
T I ME C E R T I F I C A T E S
BY WEEKLY
DURING
THE
REPORTING
MONTH OF
(IN
OF
DEPOSIT
1/
BANKS
VARIOUS
SURVEYS
MONTHS I
DATE O F
SURVEY
BANK C L A S S I F I C A T I O N
27
DEC
29
1967
NOV
1967
25
OCT
1967
( 3Y LOCAT ION )
ALL
REPORTING
BANKS
2.6
2.9
3.5
2.1
2.7
3.3
CHICAGO
2.7
3.2
4. 0
OTHER
3.0
3.0
3.6
ISSUING
NEW
CD'S
YORK C I T Y
(BY
UNDER
$200
$200-$500
MILLION
MILLION
$500—$11000
OVER
$1
MILLION
BILLION
PRIME
IN
NEW YORK C I T Y
PRIME
OUTSIDE
3/
NEW YORK C I T Y
3/
NON-PRIME
1/
INCLUDES
2/
TOTAL
3/
P R I M E BANKS ARE THOSE WHOSE N E G O T I A B L E
WHICH ARE R E P O R T E D BY D E A L E R S TO TRADE
N O T E — SEF
CERTIFICATES
DEPOSITS
TECHNICAL
AS
IN D E N O M I N A T I O N S OF
REPORTED
APPENDIX
6 .
IN
THE CALL
$100,000
REPCRT
CF
SIZE
OF
BANK)
2/
3.0
2.9
3.2
3.2
3.1
3.3
2.7
2.9
3. 7
2.5
2.9
3. 5
2.0
2.7
3.2
3.2
3.1
3.9
2.7
2.9
3.6
OR MORF
CONDITION
ISSUED
ON
BY WEEKLY
DECEMBER
31,
REPORTING
BANKS.
1965.
C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
w 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 M A R K E T .
TABLE
R A T I O OF
OUTSTANDING
NEGOTIABLE
TO
TOTAL
AT V A R I O U S
(PER
5A
TIME
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
CD'S
27
DEC
1/
DEPOSITS
SURVEY
DATES
CENT)
DATE OF
(IN
UF D E P O S I T
1967
29
NOV
SURVEY
1967
25
OCT
1967
ISSUING
9.5
10.5
10.0
5.9
5.7
6.0
200
-
500
7.3
7.7
500
-
1000
8.3
8.9
10.9
12.2
11.4
13.2
15.4
14.2
IN
NEW YORK 3 /
PRIME
OUTSIDE
NEW YORK
3/
00
PRIME
10.5
NONPRIME
11.0
TOTAL
3/
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 B E I N G OF THE H I G H E S T Q U A L I T Y AND
WHICH 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 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
THE CALL
REPORT
D E P O S I T S I N THE DENOMINATOR OF THE R A T I O
I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S .
IN
OR MORE
11.3
2Z
IN
$100,000
9. 1
INCLUDES C E R T I F I C A T E S
AS REPORTED
OF
9.7
1/
DEPOSITS
IN DENOMINATIONS
00
1000
00
OVER
00
200
oo
UNDER
CF C O N D I T I O N
THIS
TABLE
ISSUED
ON
BY WEEKLY R E P O R T I N G
DECEMBER
ARE TOTAL
31,
BANKS.
1965.
DEMAND AND T I M E
OEPOSITSt
INCLUDING
TABLE
R A T I O OF
OUTSTANDING
NEGOTIABLE
58
TIME
TO TOTAL
DEPOSITS
AS OF
DEC
27
< NUM9FR OF
TOTAL D E P O S I TS 2 /
(IN
ALL
MILLIONS
BANKS
CD'S
OF
DOLLARS)
DEPOSIT
1/
BANKS)
20
TO
25%
15
TO
TO
15%
10%
OF
1967
10
5
TO
5*
OR
LESS
CERTIFICATES
20*
25%
OR
MORE
AVERAGE CO
TO D E P O S I T
RATIO (PER CENT)
ISSUING
118
64
54
24
9.5
200
54
24
9
6
0
0
5.7
200
-
50 0
43
18
15
6
3
1
7.3
500
-
1000
16
11
18
4
1
0
8.3
5
11
12
8
1
0
10.9
0
1
3
3
0
0
13.2
3
4
2
2
1
0
2
6
7
3
0
0
OVER
1000
PRIME
IN
NEW YORK
PRIME
OUTSIDE
3/
NEW YORK
3/
NONPRIME
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL
DEPOSITS
3/
PRIME
WHICH
BANKS ARE THOSE WHOSE N E G O T I A B L E
ARE R E P O R T E D BY D E A L E R S TO TRADE
NOTE-
IN DENOMINATIONS
AS R E P O R T E D
IN
THE
CALL
OF
$100,000
REPORT
CF
OR MORE
CONDITION
ISSUED
ON
00
CO
UNDER
10.5
BY WEEKLY 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 REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
W 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 THE SECONDARY MARKET.
D E P O S I T S I N THE DENOMINATOR OF THE R A T I O
I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S .
IN
THIS
TABLE
ARE TOTAL
DEMAND AND
TIME
DEPOSITS,
INCLUDING
TABLE
PER
C E N T CHANGE
IN
OUTSTANDING
29
NOV
NEGOTIABLE
1967
TO 2 7
(NUMBER
OF
DECLINES
TOTAL D E P O S I T S
UN
MILLIONS
ALL
BANKS
CD'S
REDUCED
C D ' S TO
ZERO
2/
OF D O L L A R S )
5C
DEC
CERTIFICATE 3F
ISSUING
DEPOSIT
/I
1967
BANKS I
INCREASES
OF
5 TO
10%
10% OR
MORE
TIME
5 * OR
LESS
NO
CHANGE
5% 0 *
LESS
OF
10% OR.
MORE
5 TO
10%
I S S U E D C D ' S BUT
HAD NONE O U T S T A N D I N G ON BASE DATE
1
41
45
59
31
41
22
33
2
UNDER
200
0
16
13
16
16
15
9
14
0
200
-
500
0
12
12
20
12
12
8
11
1
5 00
-
1000
1
a
5
15
3
9
4
5
I
0
5
15
8
0
5
1
3
0
0
1
3
2
0
0
1
0
0
0
3
5
0
0
3
0
1
0
0
1
7
6
0
2
0
2
0
$100,000
OR MORE
OVER
1000
PRIME
IN NEW YORK 3 /
PRIME
OUTSIDE
NEW YORK
3/
N O NP R I M E
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 N E G O T I A B L E
WHICH ARE R E P O R T E D BY D E A L E R S TO TRADE
NOTE-
DEPOSITS
IN DENOMINATIONS
AS R E P O R T E D
IN
THE NUMBER OF BANKS I N T H I S
HAD O U T S T A N D I N G C D ' S ON THE
THE
CALL
OF
REPORT
CF
CONDITldN
ISSUED
ON
BY WEEKLY R E P O R T I N G
DECEMBER
31f
BANKS*
1965.
C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
W 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 THE SECONDARY MARKET.
TABLE D I F F E R S FROM T H O S E IN MOST OTHER T A B L E S TO THE E X T E N T THAT BANKS THAT
L A S T SURVEY REDUCED T H E I R O U T S T A N D I N G S TO ZERO ON T H I S S U R V E Y .
TABLE
PER
C E N T CHANGE
IN
OUTSTANDING
27
SEP
NEGOTIABLE
1967
TO 2 7
(NUMBER
TOTAL
< IN
ALL
DEPJSITS
MILLIONS
BANKS
CC' S
/2
RED U CEU
CD'S
TO
ZERO
OF D O L L A R S )
DECLINES
25%
OR
MORE
20
TO
25%
lb
TO
20%
5D
OF
TIME
DEC
CERTIFICATE
3F
/I
1967
BANKS)
INCREASE
OF
10
TO
15%
DEPOSIT
5
TO
10%
5%
OR
LESS
NO
CHANGE
ISSUING
5%
OR
LESS
5
TO
10%
10
OF
20
15
TO
2 0%
TO
15%
25%
OR
MORE
TO
25%
ISSUED
C D ' S BUT HAD
NONE
OUTSTANDING
ON BASE DATE
4
25
7
9
21
23
33
16
27
32
21
16
15
21
5
UNDER
200
3
13
5
2
7
4
10
8
8
9
8
6
6
8
2
200
-
500
0
10
1
3
5
7
17
7
7
6
4
4
6
9
2
500
-
1000
1
2
1
3
6
2
2
1
7
10
5
4
3
3
1
0
0
0
1
3
10
4
0
5
7
4
2
0
1
0
0
0
0
0
0
2
1
0
1
2
0
1
0
0
0
0
0
0
0
0
3
3
0
1
1
3
0
0
1
0
0
0
0
1
3
5
0
0
3
4
1
1
0
0
0
OR MORE
ISSUED
OVER
1000
PRIME
IN
PRIME
OUTSIDE
NEW YORK
3/
NEW YORK
3/
NONPR IME
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL
3/
P R I M E BANKS ARE THOSE WHOSE N E G O T I A B L E
WHICH ARE R E P O R T E D BY D E A L E R S TO TRADE
NOTE-
DEPOSITS
IN
DENOMINATIONS
AS R E P O R T E D
IN
THE
CALL
OF
$100 $000
REPORT
CF
CONDITION
ON
BY WEEKLY R E P O R T I N G
DECEMBER
3lf
BANKS,
1965.
C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
W 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 THE SECONDARY M A R K E T .
THE NUMBER OF BANKS I N T H I S TABLE D I F F E R S FROM THOSE IN MOST OTHER T A B L E S TO THE E X T E N T THAT BANKS
HAD O U T S T A N D I N G C D ' S ON THE SURVEY THREE MONTHS P R I O R TO T H E CURRENT S U R V E Y t REDUCED T H E I R
O U T S T A N D I N G S TO Z E R O .
THAT
TABLE
CHANGE
IN
OUTSTANDING
OVER THE
NEGCTIABLE
MONTH AS
AT
THE
29
5fc
A PER
CENT
(IN
ALL
DEPOSITS
MILLIONS
BANKS
CD'S
OF
2/
NOV
1967
3 %
AND
OVER
TO 2 7
DEC
1/
DEPOSITS
PERIOD
1967
BANKS )
I N C R E A S E S OF
1%
ANO
LESS
1
TO
2%
2
TO
3%
OF TOTAL
OF
DECLINES
DOLLARS)
C E R T I F I C A T E S OF D E P O S I T
B E G I N N I N G OF THE
( NUMBER OF
TOTAL
TIME
NO
CHANGE
1%
AND
LESS
3%
AND
OVER
2
TO
3%
1
TO
2%
ISSUING
1
4
29
110
23
78
13
6
0
UNDER
200
0
1
7
36
10
32
5
2
0
200
-
500
0
0
11
33
10
23
6
2
0
500
-
1000
0
2
2
24
3
16
1
1
0
1
1
9
17
0
7
1
1
0
0
0
4
2
0
0
1
0
0
I
0
2
5
0
4
0
0
0
0
1
3
10
0
3
0
1
0
OVER
1000
PR I ME
IN
NEW YORK 3 /
PRIME
OUTSIDE
NEW 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
3/
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 B E I N G OF THE H I G H E S T Q U A L I T Y AND
WHICH 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 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
DEPOSITS
IN DENOMINATIONS
AS REPORTED
IN
OF
$100,000
THE CALL REPORT
D E P O S I T S IN THE DENOMINATOR OF THE R A T I O
I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S .
OR MORE
OF C O N D I T I O N
IN T H I S
TABLE
ISSUED
ON
BY WEEKLY R E P O R T I N G
DECEMBER
ARE T O T A L
31,
BANKS.
1965.
DEMAND AND
TIME
DEPOSITS,
INCLUDING
TABLE
CHANGE
OVER
IN
OUTSTANDING
THE
LAST
NEGOTIABLE
THREE
MONTHS
AT THE
27
5F
AS
1967
(IN
ALL
DEPOSITS
MILLIONS
BANKS
CD* S
OF
DECLINES
2/
5%
AND
OVER
DOLLARS)
ISSUING
DEC
OF
OF D E P O S I T
TOTAL
1/
DEPOSITS
PERIOD
1967
BANKS)
I N C R E A S E S OF
OF
l
TO
2%
2
TO
3
TO
4%
4
TO
5%
CENT
OF T H E
TO 2 7
(NUMBER OF
TOTAL
CERTIFICATES
A PER
BEGINNING
SEP
TIME
^%
NO
CHANGE
1%
AND
LESS
1%
AND
UNDER
5%
A NO
OVER
4
TO
5%
3
TO
4 %
2
TO
3%
1
TO
2%
0
1
5
7
28
79
11
76
33
13
4
I
3
UNDER
200
0
1
2
2
11
24
5
28
11
2
2
0
3
200
-
500
0
0
1
3
5
36
5
20
7
5
1
I
0
500
-
1000
0
0
1
2
5
8
1
18
11
2
1
0
0
0
0
1
0
7
11
0
10
4
4
0
0
0
0
0
0
0
2
2
0
0
2
1
0
0
0
0
0
0
0
I
5
0
3
2
1
0
0
0
0
0
1
0
4
4
0
7
0
2
0
0
0
OVER
1000
PRIME
IN NEW
PRIME
OUTSIDE
YORK
NEW
3/
YORK
3/
NONPR IME
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL D E P O S I T S
3/
P R I M E BANKS ARE THOSE WHOSE N E G O T I A B L E
WHICH ARE R E P O R T E D BY D E A L E R S TO TRADE
NOTE-
IN DENOMINATIONS
AS R E P O R T E D
IN
THE CALL
OF
$100*000
REPORT
OR MORE
OF C O N D I T I O N
ISSUED
ON
BY WEEKLY 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 REGARDED 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 I OR 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET.
D E P O S I T S IN THE DENOMINATOR OF THE R A T I O
I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S .
IN
THIS
TABLE
ARE TOTAL
DEMAND AND T I M E
DEPOSITS*
INCLUDING
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
AT WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E D I S T R I C T
AS OF
(AMOUNTS
CD'S
M ATUR ING
BOSTON
1368.0
74.8
NEW
YORK
DEC
MILLIONS
OF D E P O S I T
1/
1967
OF
COLLARS)
PHILADELPHIA
CLEVELAND
RICHMOND
ATL ANTA
694.0
52.3
69.5
29.7
25.3
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
104.7
16.4
25. 7
32.0
85.1
158.5
CHICAGO
DEC 2 9 - D E C
1969
JAN
5911.8
365.6
2763.8
1 12.5
349.5
86.8
142.4
687.2
112.0
82.5
111.3
356. 7
741.5
FEB
3555.8
185.3
1615.4
88.9
219.1
54.3
82.7
490.0
77.0
47.8
51.0
176.8
467.5
MAR
2992.T
156.7
1172.0
77.1
58.9
87.1
460.2
61.0
33.9
64.7
182.4
415.5
APR
?009.4
95.1
649.9
54.8
24.8
38.9
260.1
27.2
37.4
55.0
131.9
409.5
MAY
1077.6
50.4
379.0
35.2
84.4
20.9
27.9
127.0
22.7
17.6
20.2
75.2
210 . 1
J UN
922.0
69.4
340.4
44.0
67.2
13.0
30.2
108.7
10.0
15.2
24.4
45.6
153.9
JUL
535.5
24.7
161.0
12.6
81.3
2.9
17.0
80.5
4.9
3.2
13.0
48.8
85.6
AUG
435.0
21.5
155.1
14.2
63.4
1.7
10.7
63.0
6. 6
4.0
4. 6
20.9
69.3
SEP
329.4
20.5
116.4
12.3
27.9
13.9
7.8
47.8
8.9
5.3
5.4
19.2
44.0
OCT
277.2
15.4
102.0
4.8
27. 1
11.7
7.4
45.5
2.9
2.3
5.7
15.5
36.9
NOV
186.6
11.7
72.3
6.6
10.9
6.0
7.8
25.1
2.9
0. 8
2.7
11.1
28.7
DEC
132.9
6.1
27.5
8.9
22.7
10.7
5.8
14.4
5.1
1.1
2.3
13.8
14.5
599.6
32.0
140.8
33.0
172.0
9.5
24.5
88.7
4.8
0.2
0.0
24.4
69.7
. 1
1129.2
8389.6
557.2
344.8
515.5
2602.9
362.4
277.0
392.3
JAN
TOTAL
31
ALL
DISTRICTS
IN
27
CERTIFICATES
1967
1969
OR L A T E R
*
1644.6•
1207.4
2905.2
AVERAGE MATURITY
IN MONTHS 2 /
2.8
2.8
2.4
3.5
4. 1
3.2
3.2
3.0
2.6
2.4
2.6
2.8
3.0
NUMBER
BANKS
266
18
48
20
19
16
21
36
10
5
21
25
36
OF
REPORTING
1/
INCLUDES
2/
SEE
*
IN
6A
ONLY C E R T I F I C A T E S
TECHNICAL
DETAILS
MAY NOT
APPENDIX
ADO TO
ISSUED
IN
DENOMINATIONS
B.
T O T A L S DUE
TO R O U N D I N G .
OF
$100,000
OR MORE BY WEEKLY R E P O R T I N G
BANKS.
TABLE 6 8
1/
SALES
GF
NEGOTIABLE
C E R T I F I C A T E S OF O E P O S I T
WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E D I S T R I C T
AS OF
(AMOUNTS
CD'S
1967
MATURING
IN
ALL
DISTRICTS
BOSTON
JAN
13S1.2
99.6
777.6
21.3
FEB
770.6
42.5
426.1
73.4
64.0
APR
? OA.]
MAY
J UN
DEC
MILLIONS
PREVIOUS
MONTH
1967
OF
DOLLARS)
ST.
LOUIS
MINNEAPOLlS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
58.4
27.4
9.6
20.4
71.3
145.6
9.9
76.3
15.0
5.7
10.0
30.4
86.7
19.0
26.2
153.7
20.0
6.1
23.0
70.5
157.5
76.%
3.1
6.2
23.2
1.8
2.8
4.0
8.6
42.7
1.8
14.3
1.4
2.1
8.1
2.3
3.3
3.6
3.5
37.0
89.1
17.5
21.2
4.6
12.0
21.5
3.9
7.5
10.8
21.7
63.2
6.1
17.3
0.4
41.3
0.7
1.8
2.3
0.4
1.9
3.5
0.6
5.5
12. 7
2.3
1.3
0.4
1.9
0.0
0.2
2.0
0.0
0.0
1.0
0.5
3.1
SEP
16. 1
1.6
2.9
0.0
0.3
0.2
2.6
1.6
0.1
0.0
1.9
0.8
4.1
OCT
9.6
1.0
3.4
0.0
0.0
0.2
1.2
0.9
0.0
0.0
0.3
0.5
2.1
NOV
U . 2
1.8
2.1
0.3
0.9
0.1
1.1
1.6
0.1
0.4
0.5
0.4
1.9
176.3
3.9
59.6
5.6
13.0
10.8
3.3
22.7
5.8
0.9
2.3
5.6
42.8
&145.1
257.6
1918.2
88.3
63.5
105.9
372.3
76.8
38.2
81.3
214.4
592.2
2.6
2.3
2.1
3.3
3.9
2.8
3.0
2.6
3.3
3.2
2.5
3.3
NEW
YORK
PHILADELPHIA
CL EV E —
LAND
ATLANTA
94.6
16.1
39.3
9.8
50.9
7.3
441.9
23.6
77.3
9.6
74.1
7.6
10%.1
7.2
22.8
291.0
18.0
JUL
81.8
AUG
1
DEC OR L A T E R
*
AVERAGE M A T U R I T Y
I N MONTHS 3 /
1/
SEE
2/
I N C L U D E S ONLY C E R T I F I C A T E S
3/
SEE
*
IN
27
SINCE
RICHMOND
MAR
TOTAL
2/
TI%E
TECHNICAL
TECHNICAL
DETAILS
APPENDIX
APPENDIX
MAY NOT ADD TO
,
3.1
CHICAGO
A.
ISSUED
IN
DENOMINATIONS
B.
TOTALS
DUE
TO R O U N D I N G .
OF
$100,000
OR MORE
BY WEEKLY R E P O R T I N G
BANKS.
TABLE
MATUKI TY 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 R E S E R V E D I S T R I C T
AS OF 2 7
(PERCENTAGE
CD'S
IN
ALL
DISTRICTS
BOSTON
6.7
6.6
DEC
CERTIFICATES
OF D E P O S I T
DISTRIBUTION)
DALLAS
SAN
FRANCISCO
8.2
7.0
5.5
29.8
28.4
29.5
25.5
21.2
17.3
13.0
14.6
16.1
17.7
16.8
12.2
16.5
15.1
14.3
7.5
10.0
7.5
13.5
14.0
10.9
14.1
6.1
5.4
4.9
6.3
6. 4
5.1
6.2
7.2
4.1
3.8
5.9
4.2
2.8
5.5
6.2
3.8
5.3
2.3
5.0
0.8
3.3
3.1
1.4
1.2
3.3
4.0
2.9
1.8
2.5
3.9
0.5
2.1
2.4
1.8
1.4
1.2
1.7
2.4
1.8
1.4
2.2
1.7
4.0
1.5
1.8
2.5
1.9
1.4
1.6
1.5
1.4
1.4
1.2
0.9
1.7
3.4
1.4
1.7
0. 8
0.8
1.5
1.3
1.3
NOV
0.9
1.0
0.9
1.2
0.7
1.7
1.5
1.0
0.8
0.3
0.7
0.9
1.0
DEC
0.7
0.5
0.3
1.6
1.4
3.1
1.1
0.6
1.4
0.4
0.6
1.1
0.5
J A N OR L A T E R
3.0
2.8
1*7
5.9
10.5
2.8
4.8
3.4
1.3
0.1
0.0
2.0
2.4
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
OR MORE
BY WEEKLY R E P O R T I N G
NEW
YORK
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA
8.3
9.4
4.2
8.6
4.9
CHICAGO
ST.
LOUIS
MINNEAPOLIS
4.0
4.5
9.3
DEC 2 8 - D E C
1968
JAN
29.1
32.4
32.9
20.2
21.3
25.2
27.6
26.4
30.9
FEB
17.5
16.4
19.3
16.0
13.4
15.7
16.0
18.8
MAR
14. 7
13.9
14.0
13.8
13.5
17.1
16.9
APR
9.9
8.4
7.7
9.8
13.7
7.2
MAY
5.3
4.5
4.5
6.3
5.1
J UN
4.5
6.1
4.1
7.9
JUL
2.6
2.2
1.9
AUG
2.1
1.9
SEP
1.6
OCT
TOTAL
1/
1967
1967
1969
1/
MATURING
6C
*
INCLUDES
31
ONLY C E R T I F I C A T E S
ISSUED
IN
DENOMINATIONS
OF
$100,000
BANKS.
KANSAS
CITY
TABLE
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
AT WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E D I S T R I C T
AS
OF
27
(CUMULATIVE
CD'S
MATURING
IN
28--DEC
ALL
DI S TRICTS
BOSTON
6.7
6. 6
6D
DEC
CERTIFICATES
1Z
1967
PERCENTAGE)
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA
8.3
9.4
4.2
8.6
4.9
NEW
YORK
OF D E P O S I T
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
4.0
4.5
9.3
8.2
7.0
5.5
CHICAGO
1967
DEC
1968
JAN
35.8
39.0
41.2
29.6
25.5
33.8
32.5
30.4
35.4
39.1
36.6
36.5
31.0
FEB
53.3
55.4
60.5
45.6
39.9
49.5
48 .5
49.2
56.6
56. 4
49.6
51.1
47.1
MAR
68. 0
69.3
74.5
59.4
52.4
66 . 6
65.4
66.9
73.4
68.6
66. 1
66.2
61.4
APR
77.9
77.7
82.2
69.2
66. 1
73.8
72.9
76.9
80.9
82.1
80. 1
77. 1
75.5
MAY
83.2
82.2
86.7
75.5
71.2
79.9
78.3
81.8
87.2
88.5
85.2
83.3
82.7
J UN
87.7
88.3
90.8
83.4
75.3
83.7
84.2
86.0
90.0
94.0
91.4
87.1
88.0
JUL
90.3
90.5
92.7
85.7
80.3
94.5
87.5
89.1
91.4
95.2
94.7
91.1
90.9
AUG
92.4
92.4
94.5
88.2
84.2
85.0
89.6
91.5
93.2
96.6
95.9
92.8
93.3
SEP
94.0
94.2
95.9
90.4
85.9
89.0
91.1
93.3
95.7
98.5
97.3
94.4
94.8
OCT
95.4
95.6
97.1
91.3
87.6
92.4
92.5
95.0
96.5
99.3
98.8
95.7
96.1
NOV
96.3
96.6
98.0
92.5
88.3
94.1
94.0
96.0
97.3
99.6
99.5
96.6
97.1
DEC
97.0
97.1
98.3
94.1
89.7
97.2
95.1
96.6
98. 7
100.0
100.1
97.7
97.6
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
OR MORE
BY WEEKLY R E P O R T I N G B A N K S .
1969
1/
JAN
OR
INCLUDES
31
LATER
ONLY C E R T I F I C A T E S
ISSUED
IN
D E N O M I N A T I O N S OF
$100,000
TABLE
1/
SALES
OF
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 R E S E R V E D I S T R I C T
27
(PERCENTAGE
1967
ALL
DISTRICTS
BOSTON
JAN
33.4
38.7
FEB
18.6
MAR
DISTRIBUTION)
ST.
LOUIS
MINNEAPOLlS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
15.7
35.7
25.1
25.1
33.3
24.6
9.3
20.5
19.5
14.9
12.3
14.2
14.6
29.9
24.7
41.3
26.0
16.0
28.3
32.9
26.6
7.2
4.9
5.9
6.2
2.3
7.3
4.9
4.0
7.2
2.0
4.4
2.2
2.0
2.2
3.0
8.6
4.4
1.6
6.2
4 .6
19.8
6.3
7.2
11.3
5.8
5.1
19.6
13.3
10.1
10.7
2.4
0.9
0.5
12.3
1.1
1.7
0.6
0.5
5.0
4.3
0.3
0.9
0.3
0.9
0.1
0.5
0.6
0.0
0.2
0.5
0.0
0.0
1.2
0.2
0.5
SEP
0.4
0.6
0.2
0.0
0.1
0.3
2.5
0.4
0.1
0.0
2.3
0.4
0.7
OCT
0.2
0.4
0.2
0.0
0.0
0.3
1.1
0.2
0.0
0.0
0.4
0.2
0.4
NOV
0.3
0.7
0.1
0.3
0.3
0.2
1.0
0.4
0.1
1.0
0.6
0.2
0.3
4.3
1.5
3.1
6.3
3.9
17.0
3.1
6.1
7.6
2.4
2.8
2.6
7.2
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
OR MORE
BY WEEKLY R E P O R T I N G
NEW
YORK
40.5
24.1
28. 1
25.4
37.1
16.5
22.2
11.1
15.1
11.5
26. 0
24. 8
23.0
26.7
21.7
APR
5.0
3.7
3.9
8.6
MAY
2.6
2.8
1.2
J UN
7. 0
7.0
JUL
2.0
AUG
LATER
*
SEE
2/
INCLUDES
*
MONTH
1967
CLEVELAND
1/
NOTE -
DEC
SINCE PREVIOUS
PHILADELPHIA
DEC OR
TOTAL
IN
2/
NEGOTIABLE TIME
AS OF
CD* S MATUR ING
6E
TECHNICAL
SALES
DETAILS
APPENDIX
THIS
MAY NOT ADD
TABLE
TO
CHICAGO
A.
ONLY C E R T I F I C A T E S
IN
R IC H—
MONO
ATL ANTA
ISSUED
ARE
TOTALS
NOT
DUE
IN
DENOMINATIONS
A D J U S T E D FOR
TO R O U N D I N G .
CD'S
OF $ 1 0 0 , 0 0 0
THAT
HAVE MATURED.
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 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
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 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.
@FedFRASER