The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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'
July 18, 1967.
.
*'VxW.l
V . *v CONFi:
CONFIDENTIAL (FR)
13 Pi
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
June 28, 1967
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
TAtiLh
1
1/
MA T UK I T Y U I STKI tiUIIUlN UP
OUTSTANDING
WEEKLY
AS
CD' S M A T U K ING
UP
2ti JUN
T IME
CERI IfICATEb
UP
UtPIJSIT A T
BANKS
1961
C U M U L A T IVE
PERCENTAGE
P E R C E N T AGE
U I ^ T K I B U T ION
S A L E S SINCE
P R E V I O U S M U N T H 2/
( M I L L I O N S Uh U C L L A R S )
.0
794.9
4.2
4.2
JULY
4,415.2
23.1
27.3
1,196.6
AUGUST
2.906.1
15.2
42.5
447.5
SEPTEMBER
3.196.4
16.7
59.2
1,140.2
OCTOBER
1,655.9
8.6
67.8
264.9
5.1
72.9
146.6
8.8
81.7
554.4
29
196/ J U N E
1968
REPORTING
AMOUN T
( M I L L I O N S UP
DOLLARS)
IN
NEoUT I A b L E
- 30
NOVEMBER
980.2
DECEMBER
1.693.5
JANUARY
948.9
5.0
86.7
223.2
FEBRUARY
411.2
2.1
88.8
56.4
MARCH
472.6
2.5
91.3
57.1
APRIL
362.9
1.9
93.2
30.2
MAY
285.1
1.5
94.7
23.0
JUNE
316.6
1.7
96.4
190.5
711.7
3.7
100.0
XXX
19,151.2
100.0
XXX
4,330.5
OVER
12 M O N T H S
TOTAL
TAX
(MEMORANDUM:
SEPTEMBER
SEPTEMBER
11
15
INCLUDES ONLY
CfcRTIPICATES
2/
SEE
APPENDIX
A.
MATURING
AFTER
TECHNICAL
http://fraser.stlouisfed.org/
SALES OF C D ' S
3/
Federal Reserve Bank of St. Louis
IN D E N O M I N A T I O N S
11
MONTHS.
DIVIDEND MATURITIES)
1.1
209.2
802.5
1/
AND
XXX
XXX
4.2
OP
$10 J ,0uC
UK
MORE
ISSUED
BY
W E E K L Y K E P U R I INu B A N K S .
3/
TABLfc 2 A
1/
MATURITY DISTRIBUTION OF OUTSIANDING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY RfcPORTING BANKS
AS OF 20 JUN 1967
(IN MILLIONS
NEW
CD'S MATURING
IN
AMOUNT
1967 JUN 29 - JUN 30
OF DOLLARS)
YORK CITY
CHICAGO
SALES SINCE
PREVIOUS MONTH 2/ -
-
AMOUNT
ALL OTHER
SALES SINCE
PREVIOUS MONTH 2/ -
WEEKLY REPORTING BANKS
AMOUNT
SALES SINCE
PREVIOUS MONTH 2/
286.8
.0
42.3
.0
463,8
JULY
1,382.6
402.4
372.9
98.0
2,659.7
696 . 3
AUGUST
1,083.4
177.8
197.1
29.7
1,625.6
240.5
SEPTEMBER
1,292.7
508.4
245.2
51.6
1 ,668.5
580.5
OCTOBER
611.0
104.O
107.0
14.1
937.9
146.4
NOVEMBER
315.6
57.2
59.8
4.3
604 . 8
84.5
DECEMBER
649.1
151.2
167.2
48.6
877.2
354.3
353.0
83.1
122.4
40.7
473.5
99.2
97.3
6.9
57.6
32.9
256.3
16.8
MARCH
161.0
6.5
33.2
7.6
278.4
43.2
APRIL
115.8
16.0
21.8
1.1
225.3
12.8
MAY
114. 7
5.0
11.2
6.6
143.2
11.5
JUNE
107.7
1968 JANUARY
FEBRUARY
OVER
12 M O N T H S
TOTAL
*
52.8 /3
17.8 /3
165.5
120.7 /3
156. 8
XXX
50.5
XXX
504.4
XXX
6,719.5
1,571.3
1,547.6
353.0
10,884.1
2,406.7
NUMBER OF R E P O R T I N G BANKS
13
11
(MEMORANDUM:
SEPTEMBER
SEPTEMBER
43.4
.0
11
15
TAX AND D1VIUENO M A T U R I T I E S )
89.9
438.0
1/ INCLUDES ONLY C E R T I F I C A T E S
IN DENOMINATION OF
2/ SEE TECHNICAL APPENDIX A .
3/ SALES OF CD'S MATURING AFTER 11 MONTHS.
* TOTALS MAY NOT ADO DUE TO R O U N D I N G .
242
17.7
90.0
$100,000 CR MORE
ISSUEL BY WEEKLY REPORTING BANKS.
102.3
275.3
TABLE 28
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF D E P O S I T AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 28 JUN 1967 AND 31 MAY
1967
(PERCENTAGE DISTRIBUTION)
NEW YORK CITY
;D'$ MATURING
CHICAGO
IN
28 JUN
0 - 6 D A Y S 2/
31 MAY
28 JUN
ALL OTHER
31 MAY
28 JUN
31 MA
4.3
.0
2.7
.0
4.3
.0
01 M O N T H S 3/
20.6
26.5
24.1
28.7
24.4
26. 1
02 M O N T H S
16.1
14.8
12.7
17.0
14.9
18.1
0 3 MONTHS
19.1
13.7
15.8
10.4
15.3
12.8
0 4 MONTHS
9.1
11.7
6.9
12.0
8.6
10.0
05 M O N T H S
4.7
7.7
3.9
5.7
5.6
7. 3
06 M O N T H S
9.7
3.9
10.8
3.4
8.1
4.8
07 M O N T H S
5.3
7.5
7.9
7.3
4.4
4.8
08 M O N T H S
1.4
4.1
3.7
5.1
2.4
3.5
09 M O N T H S
2.4
1.4
2.1
1.5
2.6
2.2
10 M O N T H S
1.7
2.3
1.4
1.6
2.1
2.2
11 M O N T H S
1.7
1.5
1.8
1.3
1.3
2.0
12 M O N T H S
1.6
1.7
2.8
1.3
1.5
1.2
2.3
3.2
3.3
4.7
4.6
5. 1
100.0
100 .0
100.0
100.0
100.0
100.0
OVER
12 MONTHS
TOTAL *
1/ INCLUDES O N L Y C E R T I F I C A T E S IIV DENOMINATIONS OF $100,000 OR MORE
BANKS.
ISSUED BY WEEKLY REPORTING
2/ NUMBER OF D A Y S REMAINING IN SURVEY MONTH. THIS PERIOD V A R I E S WITH THE NUMBER OF D A Y S
FOLLOWING THE LAST WEDNESDAY OF THE M O N T H .
3/ NUMBER OF M O N T H S FOLLOWING THE SURVEY MONTH.
http://fraser.stlouisfed.org/
* TOTALS MAY NOT ADD DtiE TO R O U N D I N G .
Federal Reserve Bank of St. Louis
-
^
TABLE 2C
1/
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 U F D E P O S I T AT
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 B A N K S
AS O F 2 8
JUN
1967 AND 31 MAY
1967
(CUMULATIVE D I S T R I B U T I O N )
NEW YORK CITY
D• S M A T U R I N G
CHICAGU
IN
28 JUN
0 - 6 D A Y S 2/
31 MAY
2TI JUN
ALL O T H E R
31 MAY
28 JUN
31 MAY
4.3
.0
2.7
.0
4.3
.0
0 1 M O N T H S 3/
24.9
26.5
26.8
28.7
28.7
26.1
02 MONTHS
41.0
41.3
39.5
45.7
43.6
44.2
03 MONTHS
60.1
55.0
55.3
56.1
58.9
57.0
04 MONTHS
69.2
66.7
62.2
68.1
67.5
67.0
05 MONTHS
73.9
74.4
66.1
73.8
73.1
74.3
06 MONTHS
83.6
78.3
76.9
77.2
81.2
79. 1
07 MONTHS
88.9
85.8
84.8
84.5
85.6
83.9
08 MONTHS
90.3
89.9
88.5
89.6
88.0
87.4
09 M O N T H S
92.7
91.3
90.6
91.1
90.6
89.6
10 M O N T H S
94.4
93.6
92.0
92.7
92.7
91.8
11 M O N T H S
96.1
95.1
93.8
94.0
94.0
93.8
12 M O N T H S
97.7
96.8
96.6
95.3
95.5
95.0
100.0
100.0
100.0
100.0
100.0
OVER
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.
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
*
100.0
ISSUED BY W E E K L Y R E P O R T I N G
2/ N U M B E R OF D A Y S REMAINING IN SURVEY MONTH. THIS P E R I O D V A R I E S W I T H THE N U M B E R O F D A Y S
F O L L O W I N G THE LAST WEDNESDAY OF THE MONTH.
3/ N U M B E R
OF M O N T H S F O L L O W I N G
THE SURVEY M O N T H .
T A B L E 3A
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 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 BANKS 2/
AS OF 28 JUN 1967
(AMOUNTS IN MILLIONS CF D O L L A R S )
$1 B I L L I O N AND OVER
-
CD'S
MATURING
IN
TO TAL
$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 BILLION
-
PRIME
TOTAL
—
1967 J U N
29-30
1/
V
3/
NEW YORK
CITY
OUTSIDE
NEW YORK
CI TY
NON-PRIME
794.8
47.3
84.2
128.6
534.7
279.0
132.6
123.1
JULY
4,415.2
195.0
563.6
738.2
2,918.4
1,269.0
1,014.9
634.5
AUGUST
2,906.1
152.7
3 34.7
428.5
1,990.2
1,042.1
559.9
388.2
SEPTEMBER
3,196.5
122.1
332.2
437.2
2,305.0
1,224.1
728.6
352.3
OCTOBER
1,655.8
63.8
184.4
266.3
1,141.3
578.6
360.4
202.3
NOVEMBER
980.1
50.1
119.1
163.7
647.2
305.7
197.5
144.0
DECEMBER
1,693.5
68.9
162.4
202.6
1,259.6
622.6
443.6
193.4
948.9
28.1
87.0
145.8
688.0
341.5
224.0
122.5
FEBRUARY
411.1
12.5
40.5
61.7
296.4
93.6
177.4
25.4
MARCH
472.5
12.9
47.0
94.2
318.4
157.4
100.4
60.6
APRIL
363.0
16.0
47.6
46.3
253.1
110.6
92.1
50.4
MAY
285.0
9.6
22.8
27.1
225.5
114.6
81.2
29.7
JUNE
316.5
10.1
27.9
49.6
228.9
101.0
88.3
39.6
JULY
OR LATER
711. 7
5.7
49.4
93.3
563.3
153.5
313.8
96.0
19,150.7
794.8
2,102.8
2,883.1
13,370.0
6,393.3
4,514.7
2,462.0
1968 J A N U A R Y
TOTAL *
TAX
AND
SEPTEMBER
11
209.2
7.0
15.9
29.5
156.8
87.1
42.5
27.2
SEPTEMBER
15
802.6
18.4
34.1
38.0
712.1
435.3
235.8
41.0
12
18
IMEMORANDUM:
266
95
NUMBER UF
84
BANKS)
bO
37
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 $100*000 OR MORE ISSUED BY WEEKLY 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 REPORT CF C O N D I T I O N ON DECEMBER 31, 196b.
3/ P R I M E BANKS ARE THOSE WHOSE N E G O T I A B L E CERTIFICATES 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 QUALITY AND
R E P O R T E D BY DEALERS TO TRADE W I T H I N 1 OR 2 B A M S POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
*
T O T A L S MAY N O T ADO DUE TO R O U N D I N G .
WHICH ARE
"
TABLE 3b
LESCF
™u"i,sELiKLrtML5s:,'yc5Ks","i??t,;FsMs^s,3zv'ous
"°" ,M
z/
AS UF 28 JUN 1967
(AMOUNTS IN MILLIONS OF DOLLARS!
$500 MILLION
TO
$1 BILLION
-
i
1
JULY
TOTAL
I
I
IN
$200 MILLION
TO
$500 MILLION
1 O
CD'S MATURING
4200
MILLION
AINU UNDER
1
1 or
1 UJ
1 >
1
$1 BILLIUN AND
-
PRIME 4/
TOTAL
NEW YORK
OUTSIDE
NEW YORK
NON-PR IME
796 .3
369.4
247.9
179 .0
334 .1
173.3
111.6
49 .2
1,196 .6
38.4
150.2
4 4 7 »5
16.2
32.7
1,140,.3
57.7
125.7
163.8
793 .1
493.0
198.3
OCTOBER
101 .8
2 64,,8
9.5
16.3
36.0
20 3 .0
103.2
61.6
NOVEMBER
38 .2
146,» 6
7.5
lb.9
20.8
101,.4
55.4
24.6
DECEMBER
21 .4
554.• 5
31.8
75.8
70.4
3 76,.5
144.2
162.7
69 .6
223, 3
1.3
12.5
38.8
170.• 7
82.6
53.8
FEBRUARY
34 .3
56, 2
1.1
5.7
8.6
40.,8
6.9
32.2
MARCH
1 .7
57. 2
2.3
8.9
13.4
32, 6
6.3
21.7
APR It
4,.6
30. 4
0.7
1.9
5.5
22. 3
16.0
4.9
MAY
1,»4
22. 9
0.6
2.3
4.8
15. 2
4.9
7.5
2,.8
190. 5
8.5
30.1
37.1
114. 8
48.2
44.2
4,330. 8
175.6
479.0
675.4
3,000. 8
1,503.4
971.0
AUGUST
SEPTEMBER
1968 JANUARY
JUNE
OR LATER
TOTAL *
(MEMORANDUM:
SEPTEMBER
11
XXX
SEPTEMBER
15
XXX
XXX
XXX
f
266
95
211.7
64 . 5
22.• 4
526. 4
TAX AND 0IV1 DENC M A T U R I T I E S )
XXX
XXX
XXX
XXX
M H O A M i l I IU •
mi l u a r n
84
nC D A
50
r
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
i
37
7
12
18
1/ SEE TECHNICAL A P P E N D I X A .
r
-
ARE
TABLE 3C
MATURITY DISTRIBUTION DF OUTSTANDING NEGOTIABLE TIME CERTIFICATES JF DEPOSIT
AT WfcEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 28 JUN 1967
PERCENTAGE DISTRIBUTION
IN
$200
MILLION
AND UNDER
TOTAL
$200 MILLION
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
-
PRIME 3/
TOTAL
NEW YORK
CITY
1967 JUN
29-30
"T
$1 BILLION AND OVER
-
CD'S MATURING
1/
OUTSIDE
NEW YORK
CI TY
NON-PRIME
4.2
6.0
4.0
4.5
4.0
4.4
2.9
5.0
JULY
23.1
24.5
26.8
25.6
21.8
19.8
22.5
25.8
AUGUST
15.2
19.2
15.9
14.9
14.9
16.3
12.4
15.8
SEPTEMBER
16.7
15.4
15.8
15.2
17.2
19.1
16.1
14.3
OCTOBER
8.6
8.0
8.8
9.2
8.5
9.1
8.0
8.2
NOVEMBER
5.1
6.3
5.7
5.7
4.8
4.8
4.4
5.8
DECEMBER
8.8
8.7
7.7
7.0
9.4
9.7
9.8
7.9
5.0
3.5
4.1
5.1
5.1
5.3
5.0
5.0
FEBRUARY
2.1
1.6
1.9
2.1
2.2
1.5
3.9
1.0
MARCH
2.5
1.6
2.2
3.3
2.4
2.5
2.2
2.5
APRIL
1.9
2.0
2.3
1.6
1.9
1.7
2.0
2.0
MAY
1.5
1.2
1.1
0.9
1.7
1.8
1.8
1.2
JUNE
1.7
1.3
1.3
1.7
1.7
1.6
2.0
1.6
JULY
OR LATER
3.7
0.7
2.3
3.2
4.2
2.4
7.0
3.9
100.0
100.0
100 .0
100.0
100.0
100.0
100. 0
100.0
1968 JANUARY
TOTAL *
•
i nc nuiSHiiuun •
i MA AINUDIVIDEND M A T U R I T I E S )
SEPTEMBER
11
1.1
0.9
0.8
1.0
1.2
1.4
0.9
1.1
SEPTEMBER
15
4.2
2.3
1.6
1.3
5.3
6. 8
5.2
1.7
1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .
2/ TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPCRT CF CONDITION CN 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 M A R K E T .
*
TOTALS MAY NOT ADD DUE TO ROUNDING.
TABLE
3D
M A T U R 1 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 TIME C E R T I F I C A T E S OF
DEPOSIT
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 2/
AS OF 28 JUN 1967
CUMULATIVE PERCENTAGE
CD'S M A T U R I N G
IN
TOTAL
$200 MILLION
TO
>500 M I L L I O N
$500 MILLION
TO
$1 BILLION
>
$1 B I L L I O N AND' OVER
-
$200
MILLION
A N D UNDER
1/
-
PRIME 3/
TOTAL
NEW YORK
CI TY
1967 JUN
29-30
OUTSIDE
NEW YORK
CITY
NON-PRIME
4.2
6.0
4.0
4.5
4.0
4.4
2.9
5.0
JULY
27,3
30.5
30.8
30.1
25.8
24.2
25.4
30.8
AUGUST
42.5
49.7
46.7
45.0
40.7
40.5
37.8
46 . 6
SEPTEMBER
59.2
65.1
62.5
60.2
57.9
59.6
53.9
60.9
OCTOBER
6 7.8
73.1
71.3
69.4
66.4
68. 7
61.9
69. 1
NOVEMBER
72.9
79.4
77.0
75.1
71.2
73.5
66.3
74.9
DECEMBER
81.7
88.1
84.7
82.1
80.6
83.2
76.1
82.8
86.7
91.6
88.8
87.2
85.7
88.5
81.1
87.8
FEBRUARY
88.8
93.2
90.7
89.3
87.9
90.C
85.0
88.8
MARCH
91.3
94.8
92.9
92.6
90.3
92.5
87.2
91.3
APRIL
93.2
96.8
95.2
94.2
92.2
94.2
89.2
93.3
MAY
94. 7
98.0
96.3
95.1
93.9
96.0
91.0
94.5
JUNE
96.4
99.3
97.6
96.8
95.6
97.6
93.0
96.1
100.0
100.0
100.0
100.0
ICO.O
100.G
100.0
1968 J A N U A R Y
JUL Y
OR LATER
" sjs»rs
100.0,
«««»«»«•»
ARE
TABLE 3E
SALES /!/ OF N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S M O N T H
AT WEEKLY R E P O R T I N G BANKS BY SIZE UF BANKS 3/
AS OF 28 JUN 1967
PERCENTAGE DISTRIBUTION
SI B I L L I O N AND OVER
-
C0»s M A T U R I N G
1967 JUN
IN
TOTAL
$200
MILLION
AND UNDER
$200 M I L L I O N
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
2/
-
PRIME
TOTAL
4/
NEW YORK
CITY
OUTSIDE
NEW YORK
CI TY
NON-PRIME
29-30
JULY
27.6
21.9
31.4
31.3
26.5
24.6
25.5
34.0
AUGUST
10.3
9.2
6.8
9.5
11.1
11.5
11.5
9.3
SEPTEMBER
26.3
32.9
26.2
24.3
26.4
32.8
20.4
19.3
OCTOBER
6.1
5.4
3.4
5.3
6.8
6.9
6.3
7.3
NOVEMBER
3.4
4.3
3.5
3.1
3.4
3.7
2.5
4. 1
DECEMBER
12.8
18.1
15.8
10.4
12.5
9.6
16.8
13.2
5.2
0.7
2.6
5.7
5.7
5.5
5.5
6.5
FEBRUARY
1.3
0.6
1.2
1.3
1.4
0. 5
3.3
0.3
MARCH
1.3
1.3
1.9
2.0
1.1
0.4
2.2
0.9
APRIL
0.7
0.4
0.4
0.8
0.7
1.1
0.5
0.3
MAY
0.5
0.3
0.5
0.7
0.5
0.3
0.8
0.5
JUNE
OR L A T E R
4.4
4.8
6.3
5.5
3.8
3.2
4.6
4.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
I968 J A N U A R Y
TOTAL *
SEPTEMBER
11
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
SEPTEMBER
15
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
1MEMORANDUM:
266
95
84
50
37
1/ SEE TECHNICAL A P P E N D I X A .
2/ 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 CF $100,000 OR M O R E ISSUED BY WEEKLY R E P O R T I N G B A N K S .
3/ TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPORT OF C O N D I T I O N ON DECEMBER 31, 1 9 6 5 .
4/ P R I M E BANKS ARE T H O S E W H O S E NEGOTIABLE 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
R E P O R T E D BY D E A L E R S TO T R A D E WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
* for TOTALS
Digitized
FRASER M A Y N O T A D D DUE TO R O U N D I N G .
12
WHICH ARE
18
TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
CIN MONTHS)
DATE OF SURVEY
BANK CLASSIFICATION
28 JUN 1967
31 MAY 1967
26 APR 1967
(BY LOCATION)
ALL REPORTING BANKS
ISSUING CD'S
3.5
3.6
3.5
NEW YORK CITY
3.4
3.6
3.8
CHICAGO
3.8
3.5
3.7
OTHER
3.6
3.6
3.8
(BY SIZE OF BANK) 2/
UNDER $200 MILLION
2.9
2.9
3.1
$200—$500 MILLION
3.2
3.3
3.5
$500-$1,000 MILLION
3.4
3.4
3.6
OVER
3.6
3.7
3.9
PRIME IN NEW YORK CITY 3/
3.5
3.6
3.8
PRIME OUTSIDE NEW YORK CITY 3/
^.1
4.0
4.2
NON-PRIME
3.4
3.4
3.4
$1 BILLION
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 CONDITION ON DECEMBER 31, 1965.
3/
PRIME BANKS ARE THUSE 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.
TABLE 4B
A V E R A G b MATURITY
GF
NEGOTIABLE
TIME C E R T I F I C A T E S
SOLD BY WEEKLY
DURING
THE
OF DEPOSIT
1/
REPORTING BANKS
MONTH OF V A R I O U S S U R V E Y S
(IN M O N T H S )
DATE OF SURVEY
BANK CLASSIFICATION
28 JUN
1967
31 MAY
1967
26 APR
1967
(BY L O C A T I O N )
ALL
REPORTING
BANKS
ISSUING C D ' S
3.3
3.4
3.4
3.0
3.6
3.3
CHICAGO
4.1
3.7
3.1
OTHER
3.3
3.2
3.5
NEW
YORK CITY
(BY SIZE UF
UNDER
$200 MILLION
BANK) 2/
3.3
2.9
3.3
$200—$500 MILLION
3.4
2.8
3.4
$ 5 0 0 — $ 1 , 0 0 0 MILLION
3.3
3.1
3.2
OVER
3.2
3.6
3.4
3.0
3.6
3.4
3.6
3.7
3.7
3.1
3.3
3.0
$1 B I L L I O N
PRIME
IN NEW YORK CITY 3/
PRIME OUTSIDE NEW YORK CITY
NON-PRIME
IN D E N O M I N A T I O N S OF
3/
2/
TOTAL
3/
P R I M E B A N K S ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS B E I N G UF THE HIGHEST 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 TRADE hi THIN 1 OR 2 B A S I S POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
N O T E — S E E TECHNICAL A P P E N D I X B .
IN THE CALL REPCRT
OF
ISSUED
BANKS.
INCLUDES C E R T I F I C A T E S
D E P O S I T S AS R E P O R T E D
$100,000 OR MORE
BY W E E K L Y R E P O R T I N G
1/
C O N D I T I O N ON DECEMBER
31,
1965.
TABLE 5 A
RATIO OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T
1/
TO TOTAL D E P O S I T S
AT V A R I O U S SURVEY DATES
(PER CENT )
DATE OF SURVEY
TOTAL DEPOSITS 2/
(IN M I L L I O N S OF D O L L A R S )
ALL B A N K S
CD'S
28 JUN 1967
1967
2 6 APR
1967
ISSUING
9.9
9.8
9.7
UNDER
200
5.7
6.0
5.6
200 -
5CG
7.7
7.6
7. 4
500 —
100C
8.2
8.1
8. 1
11.4
11.3
11.2
14 .1
13.6
13.6
9.1
9.2
9.0
10.8
10.9
OVER
1000
PRIME
IN NEW
YORK 3/
P R I M E O U T S I D E NEW YORK 3/
NONPR1ME
1/
31 M A Y
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 0 , 0 0 0 OR MURE
2/ TOTAL D E P O S I T S AS R E P O R T E D
11.0
ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
IN THE CALL REPORT OF C O N D I T I O N O N DECEMBER
31, 1965.
3/ P R I M E B A N K S A R E THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S UF DEPOSIT 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
WHICH ARE R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 GR 2 BASIS P O I N T S UF EACH O T H E R WITHIN 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 A N D U . S . G O V E R N M E N T D E P O S I T S .
IN THIS TABLE ARE T O T A L DEMAND AND TIME D E P O S I T S , I N C L U D I N G
TABLE
bB
R A T I O UF 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 O F
TG
TOTAL
AS
CH 28 J U N
(NUMBER
TOTAL
DEPOSITS
I IN M I L L I O N S OF
ALL
BANKS
CD'S
2/
5%
OR
LESS
DOLLARS)
5
TO
10*
DEPOSIT
1/
DEPOSITS
1967
OF B A N K S )
10
TO
lb*
lb
TO
20%
20
TO
25%
25*
OR
MORE
AVERAGE CO
TO D E P O S I T
R A T I O (PER C E N T )
ISSUING
109
72
54
22
6
3
9.9
UNUER
200
54
23
11
6
1
0
5.7
200 -
500
34
24
16
6
2
2
7.7
500 -
1000
17
15
14
2
1
1
8.2
4
10
13
a
2
0
11.4
0
1
3
2
1
0
14.2
2
5
i
3
1
0
9.1
2
4
9
3
0
0
10.8
OVER
1000
PRIME
IN N E W
PRIME OUTSIDE
YORK
NEK
3/
YORK
3/
NONPRIME
1/
INCLUDES CERTIFICATES
2/ T O T A L
3/
IN D E N O M I N A T I O N S OF
DEPOSITS AS REPORTED
IN
THfc CALL
$100,000
REPORT
OR M O R E
ISSUED
OF C O N D I T I O N O N
BY W E E K L Y R E P O R T I N G
DECEMBER
31.
BANKS.
1965.
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 AS B E I N G O F THE H I G H E S T Q U A L I T Y A N D
W H I C H A R E 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 OA 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .
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
TABLE ARE TOTAL
DEMAND AND
TIME D E P O S I T S ,
INCLUDING
TABLE
PER C E N T
CHANGE
IN O U T S T A N D I N G
31
MAY
NEGOTIABLE TIME CERTIFICATE OF
1967 T O
(NUMBER
DECLINES
TOTAL DEPOSITS
I IN
ALL
MILLIONS
BANKS
CD'S
2/
C D ' S TO
ZERO
OF D O L L A R S )
1 0 * OR
MORE
ISSUING
5C
2d
OF
JUN
/I
1967
BANKS)
I N C R E A S E S OF
OF
5% O R
5 TO
10%
DEPOSIT
LESS
NO
CHANGE
5% OR
LESS
5 TO
10%
1 0 2 OR
MORE
28
37
64
36
40
19
43
I S S U E D C D ' S BUT
HAD N O N E O U T S T ANDING ON BASE DATE
UNDER
200
0
16
13
15
19
9
7
16
2
200 -
500
1
4
9
22
12
15
10
13
0
500 -
1000
0
6
6
12
5
10
1
10
0
0
2
9
15
0
6
1
4
0
0
1
1
2
0
1
1
1
0
0
I
3
3
0
3
0
2
0
0
0
5
10
0
2
0
1
0
$100,000
CR M O R E
OVER
1000
PRIME
IN N E W
YORK
PRIME
OUTSIDE NEW
3/
YORK
3/
NONPRIME
1/
INCLUDES CERTIFICATES
2/
TOTAL
s/
note
DEPOSITS
kjzj
-
IN D E N O M I N A T I O N S
AS R E P O R T E D
IN
THE
CALL
sss.? " i
OF
REPORT
OF
CONDITION
ISSUED
BY W E E K L Y
ON DECEMBER
31,
REPORTING
BANKS.
1965.
f!jr!,sk , E!;s.!rT^» M {suiv a ssis;.'"
BANKS
TH,T
TABLfc 50
PfcK C E N T CH AiNIOE IN O U T S T A N D I N G NfcGCT IA6L E T I M E
2 9 MAR I9o7 TU 28 JUN
CERTIFICATE OF D E P O S I T
Z1
1967
(NUMBER OF BANKS )
TOTAL
UN
ALL
D E P O S I T S /2
REDUCED
CD'S 25*
TO
OR
ZERO
MORE
MILLIONS OF D O L L A R S J
BANKS ISSUING
CO' S
DECLINES OF
20
TO
25*
lb
TO
20*
10
TO
15*
INCREASE
5
TO
10*
54
OR
LESS
NO
CHANGE
5*
OR
LESS
5
TO
10*
10
TO
15*
OF
15
TO
20*
ISSUED
20
TO
25*
25*
OR
MORE
co, s d U T
3
15
9
13
18
29
22
17
3b
22
16
12
10
4b
4
200
1
9
5
2
0
10
5
11
12
5
5
4
3
22
3
2 0 0 - 500
2
3
2
5
5
9
4
6
10
10
6
4
5
14
1
0
2
0
5
6
2
9
0
4
7
3
4
1
7
0
0
1
2
1
7
8
4
0
9
0
2
0
1
2
0
0
C
0
0
1
0
3
u
1
0
2
0
0
0
0
0
1
0
0
3
2
1
0
4
0
0
0
0
1
0
0
0
2
1
3
6
0
0
4
0
0
0
1
1
0
UNDER
500 OVER
1000
1000
PRIME
IN N E W YORK
3/
PRIME O U T S I D E NEW YORK
NONPRIME
1/
3/
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 0 , 0 0 0
2/ TOTAL D E P O S I T S AS R E P O R T E D
IN Thfc CALL
REPORT
OR MORE
ISSUED BY WEEKLY R E P O R T I N G
OF CONDITION ON DtCEMBER
31,
BANKS.
1965.
3/ P R I M E B A N K S A R E THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T D U A L I T Y AND
W H I C H ARE R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T .
NOTE-
THE N U M B E R OF B A N K S IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES Tu THE EXTENT THAT B A N K S
H A D O U T S T A N D I N G C D ' S uN THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
O U T S T A N D I N G S TO Z E R O .
HAD
NONE
OUTSTANDING
ON BASE DATE
THAT
TABLE
CHANGE
IN O U T S T A N D I N G
OVER
NEGOTIABLE TIME
THE M O N T H
AT
31
AS A PER
THE
(IN
DEPOSITS
MILLIONS
2/
MAY
DECLINES
OF D O L L A R S )
3$
2
AIND
1967
C 0
'S
7
OF T O T A L
OF T H E
TO 2 8
OF
DEPOSIT
1/
DEPOSITS
PERIOD
JUN
1967
BANKS 1
"lNCREASES~OF
~l%
TO
1
CERTIFICATES OF
Of
I
T 0
CENT
BEGINNING
(NUMBER
TOTAL
5E
NO
ANO
11
~l%
CHANGE
AND
I
]
TO
TO
™
~~
=2
AND
H 4
33
74
13
8
36
17
24
2
3
3
U N 0 E R
2 0 0
1
4
2 0 0
"
b 0
0
1
2
34
11
27
9
0
0
5 0 0
~
1 0 0 0
0
I
2
22
5
14
1
4
1
0
1
3
22
0
9
1
i
0
1
0
3
0
1
1
1
0
1
6
0
5
0
2
13
0
3
0 V E R
°
1 0 0 0
PRIME
IN N E W
YORK
PRIME OUTSIDE
NEW
3/
YORK
3
/
0
N t i N P R I M E
o
1/
INCLUDES CERTIFICATES
2/
TOTAL
"0rE~
m
DEPOSITS
'
n
AS
IN D E N O M I N A T I O N S
REPORTED
l
l
IN
L
THE C A L L
T
H
4
OF
$100,000
R E P O R T OF
l
i
OR
MORE
CONDITION
,16LE
ISSUED
ON
,KE
BY W E E K L Y
DECEMBER
T0T,L
CE
31,
0
0
2
o
O
0
0
0
REPORTING
BANKS.
0
1965.
" 4 N ° * ' » " * DEPOSITS. INCLUDING
TABLE BF
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT
1/
OVER THE LAST THREE MONTHS AS A PER CENT OF TUTAL DEPUS ITS
AT THE BEGINNING OF THE PERIOD
29 MAR 196 7 TO 28 JUN 1967
(NUMBER OF BANKS)
TOTAL DEPOSITS 2/
UN
MILLIONS OF DOLLARS 1
DECLINES OF
5%
AND
OVER
4
TO
5*
3
TC
4%
INCREASES OF
2
TO
32
1
TO
1%
AND
LESS
2%
NO
CHANGE
U
AND
UNDER
I
TO
2%
2
TO
33
3
TO
4%
4
TO
53;
AND
OVBR
5%
ALL BANKS ISSUING
CD* S
0
1
3
17
24
62
15
78
27
16
11
4
3
UNDER 200
0
1
I
4
8
17
9
26
9
7
7
1
1
200 - 500
C
0
1
4
6
19
6
<Ll
10
3
3
2
2
500 - 1000
0
0
0
3
5
15
0
15
6
4
1
1
0
OVER 1000
0
0
1
6
5
11
0
10
2
2
0
0
0
PRIME IN NEW YORK 3/
0
0
0
1
0
3
0
1
2
0
0
0
0
PRIME OUTSIDE NEW YORK 3/
0
0
0
3
0
4
0
4
0
1
0
0
0
NONPRIME
0
0
1
2
5
4
0
5
0
1
0
0
0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS UF $100,000 CR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF C0ND1TION 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 Z BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-
DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TUTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
T A B L E 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 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 FEDERAL RESERVE DISTRICT
AS OF 28 JUN
(AMOUNTS
CD'S M A T U R I N G
IN
ALL
DISTRICTS
BOSTON
795.1
22.7
JUL
4415.3
AUG
IN MILLIONS
1967
OF D O L L A R S )
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
89.4
4.1
8.4
11.1
65.6
134.7
121.8
569.0
72.2
62.2
105.2
317.6
738.9
47.3
91.0
350.0
53.3
48. 9
59.4
189.5
420.8
170.0
77.3
73.3
362.4
53.7
49.7
76.7
176.8
483.6
56.9
109.3
41.2
35.7
174.7
32.9
27.4
31.8
90.1
227.6
366.2
31.0
70.9
23.4
31.1
116.5
21.9
15.4
22.9
59.6
152.8
78.7
754.0
37.7
101.0
44. 1
33.9
210.9
41.8
25.5
32.0
81.8
252.0
948.9
42.2
423.9
13.7
53.1
10.7
18.8
139.0
19.6
2 7.5
9.0
62.3
129.1
FEB
411.1
21.1
116.8
4.3
26.1
15.5
12.6
86.3
14.2
3.0
5.8
16.5
88.9
MAR
472.4
21.7
189.3
27.5
19.3
11.9
18.9
51.3
13.2
1.2
6.5
31.2
80.4
APR
362.9
17.3
155.3
9.4
39.7
3.1
7.0
40.2
5.2
4.5
11.1
16.7
53.4
MAY
285.1
7.6
129.7
6.0
17.4
1.2
5.6
50.3
3.7
1.5
0.9
13.9
47.3
JUN
316.6
28.7
116.3
18.2
12.8
2.3
8.0
56.2
1.9
1.5
7.3
13.0
50.4
JUL OR LATER
711.9
40.3
194.5
36.4
198.6
8.3
25.1
75.3
1.7
0.5
1.5
27.6
102.1
19151.2
1042.7
7822.4
561.6
1357.4
371.8
501.8
2371.5
339.4
277.2
381.2
1162.2
2962.0
AVERAGE MATURITY
IN M O N T H S 2/
3.5
3.4
3.4
3.8
4.4
3.4
3.5
3.6
3.5
3.0
2.9
3.0
3.4
NUMBER OF REPORTING
BANKS
266
18
49
11
18
17
22
34
21
26
36
NEW
YORK
PHILADELPHIA
CLEVELAND
346.4
29.5
40.4
23.8
19.0
296. 8
1645.7
109.4
314.8
61.7
2906.3
131.6
1224.4
106.1
184.0
SEP
3196.1
135.6
1461.5
75.5
OCT
1655.9
129.9
698.4
NOV
9B0.2
68.5
DEC
1693.4
1968 JAN
1967 JUN 2 9 - J U N
30
TOTAL *
1/
INCLUDES 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
RICHMOND
ATLANTA
OR MORE BY WEEKLY R E P O R T I N G
2 / SEE TECHNICAL A P P E N D I X B .
E T A I L S M A Y N O T A D D TO T O T A L S DUE TO ROUNDING.
Digitized*for DFRASER
CHICAGO
• • "' ' *
BANKS.
TABLE 6 0
1/
2/
SALES OF N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S MONTH
WEEKLY REPORTING BANKS
BY F E D E R A L R E S E R V E D I S T R I C T
AS OF 28 JUN
1 AMOUNTS
CD'S M A T U R I N G
IN
ALL
DISTRICTS
BOSTON
1967 JUL
1196.fi
118.6
AUG
447.6
SEP
IN MILLIONS OF D O L L A R S )
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
141.2
15.3
13.5
30.6
80.4
215.3
8.0
48.2
8.4
14.9
9.9
13.7
91.0
14.5
32.7
96.3
20.9
19.5
28.0
61.8
153.1
28.5
3.1
3.5
31.4
7.0
10.3
2.0
5.1
23.3
7.4
14.4
3.9
2.1
10.0
3.9
3.3
5.3
5. 7
19.1
178.8
20.6
38.2
19.3
18.2
63.7
17.1
11.1
15.5
32.5
118.4
7.5
102.8
1.3
11.0
2.9
3.5
42.2
6.0
9.7
2.2
9.1
24.9
56. 4
1.4
7.9
0.3
2.2
2.5
0.4
31.6
3.7
0.0
2.4
0.9
3.1
MAR
57.0
6. 1
9.2
4.3
5.5
2.5
1.9
11.6
4. 1
0.1
1.1
2.9
7.7
APR
30.2
1.4
16.4
1.4
1.1
1.0
0.2
3.1
2.2
0.0
0.4
0.1
2.9
MAY
23.1
0.6
6.4
0.4
1.1
1.0
0.4
6.7
0.6
1.0
0.4
2.3
2.2
190.5
9.9
60.9
11.5
13.9
1.2
3.7
30.9
3.5
0.1
7.5
13.0
34.4
4330.1
2 76.7
1814.4
111.1
234.8
73.0
98.8
516.9
92.7
83.5
105.3
227.5
695.4
3.2
2.6
3.0
4.2
3.8
3.9
3.2
3.8
4.1
3.2
3.4
3.1
3.1
NEW
YORK
PHILADELPHIA
CLEVELAND
470.2
22.3
51.0
14.2
24.2
29.3
200.9
7.5
8.9
6.9
1139.9
50.5
584.4
19.2
59.0
acT
264.7
23.2
112.4
14.9
NOV
146.7
7.5
64.1
DEC
554.1
20.7
1968 J A N
223.1
FEB
JUN OR L A T E R
TOTAL *
AVERAGE MATURITY
IN M O N T H S 3/
1/ SEE TECHNICAL
2/
RICHMOND
ATLANTA
CH I—
CAGO
APPENDIX A.
INCLUDES O N L Y 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 $ 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 .
3/ SEE TECHNICAL A P P E N D I X B .
*
1967
DETAILS MAY NOT ADD
TO T O T A L S DUE TO R O U N D I N G .
TABLE 6C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 28 JUN 1967
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN
ALL
DISTRICTS
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
BOSTON
4.2
2.2
3.8
1.2
3.0
2.9
5.6
4.5
23.1
24.3
24.0
21.3
22.4
27.6
27.3
24.9
12.7
18.1
14.8
15.7
17.6
15.6
16.3
14.2
12.5
20.8
14.6
15.3
15.8
17.9
20.1
15.2
16.3
10.1
8.1
11.1
7.1
7.4
9.7
9.9
8.3
7.8
7.7
4.7
5.5
5.2
6.3
6.2
4.9
6.5
5.6
6.0
5.1
5.2
7.5
9.6
6.7
7.4
11.9
6.8
8.9
12.3
9.2
8.4
7.0
8.5
5.0
4.0
5.4
2.4
3.9
2.9
3.7
5.9
5.8
9.9
2.4
5.4
4.4
FEB
2.1
2.0
1.5
0.8
1.9
4.2
2.5
3.6
4.2
1.1
1.5
1.4
3-0
MAR
2.5
2.1
2.4
4.9
1.4
3.2
3.8
2.2
3.9
0.4
1.7
2.7
2.7
APR
1.9
1.7
2.0
1.7
2.9
0.8
1.4
1.7
1.5
1.6
2.9
1.4
1.8
MAV
1.5
0.7
1.7
1.1
1.3
0.3
1.1
2.1
1.1
0.5
0.2
1.2
1.6
JUN
1.7
2.8
1.5
3.2
0.9
0.6
1.6
2.4
0.6
0.5
1.9
1.1
1.7
JUL OR LATER
3.7
3.9
2.5
6.5
14.6
2.2
5.0
3.2
0.5
0.2
0.4
2.4
3.4
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
PHILADELPHIA
CLEVELAND
4.4
5.3
3.0
6.4
3.8
28.5
21.0
19.5
23.2
16.6
15.2
12.6
15.7
18.9
13.6
SEP
16.7
13.0
18.7
13.4
OCT
8.6
12.5
8.9
NOV
5.1
6.6
DEC
8*8
I960 JAN
1967 JUN 29 -JUN 30
JUL
AUG
.
TOTAL *
NEW
YORK
RICHMOND
ATLANTA
CHICAGO
1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100#000 OR MORE BY WEEKLY REPORTING BANKS*
TABLE 6 0
M A T U R I T Y DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF D E P O S I T 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 28 JUN
1967
(CUMULATIVE PERCENTAGE)
CD'S M A T U R I N G
IN
ALL
DISTRICTS
BOSTON
4.2
2.2
JUL
27.3
AUG
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
3.8
1.2
3.0
2.9
5.6
4.5
28.1
27.8
22.5
25.4
30.5
32.9
29.4
35.7
46.2
42.6
38.2
43.0
46.1
49.2
43.6
52.3
56.5
60.8
57.9
54.0
60.9
66.2
64.4
59.9
67.2
60.4
67.6
67.9
65.3
63.7
70.8
74.5
72.2
67.6
73.4
72.7
65.6
73.9
74.1
70.2
70.2
76.4
80.5
77.3
72.8
82.9
83.0
79.4
73.0
85.8
80.9
79.1
82.5
85.6
88.9
84.3
81.3
86.7
86.9
88.4
81.8
76.9
88.7
84.6
85.0
88.3
95.5
91.3
89.7
85.7
FEB
88.8
88.9
89.9
82.6
78.8
92.9
87.1
88.6
92.5
96.6
92.8
91.1
88.7
MAR
91.3
91.0
92.3
87.5
80.2
96.1
90.9
90.8
96.4
97.0
94.5
93.8
91.4
APR
93.2
92.7
94.3
89.2
83.1
96.9
92.3
92.5
97.9
98.6
97.4
95.2
93.2
MAY
94.7
93.4
96.0
90.3
84.4
97.2
93.4
94.6
99.0
99. 1
97.6
96.4
94.8
JUN
96.4
96.2
97.5
93.5
85.3
97.8
95.0
97.0
99.6
99.6
99. 5
97.5
96.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.c
PHILADELPHIA
CLEVELAND
4.4
5.3
3.0
6.4
3.8
30.7
25.4
24.8
26.2
23.0
42.5
43.3
41.1
43.7
39.8
SEP
59.2
56.3
59.8
57.1
OCT
67.8
68.8
68.7
NOV
72.9
75.4
DEC
81.7
1968 JAN
1967 JUN 29 -JUN
30
JUL OR LATER
1/ INCLUDES ONLY C E R T I F I C A T E S
NEW
YORK
RICHMOND
ATLANTA
CHICAGO
ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING 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 28 JUN 1967
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN
ALL
DISTRICTS
BOSTON
1967 JUL
27*6
42.9
AUG
10.3
SEP
26.3
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
27.3
16.5
16.2
29.1
35.3
31.0
8.1
9.3
9.1
17.8
9.4
6.0
13.1
19.9
33.1
18.6
22.5
23.4
26.6
27.2
22.0
PHILADELPHIA
CLEVELAND
25.9
20.1
21.7
19.5
24.5
10.6
11.1
6.8
3.8
9.5
18.3
32.2
17.3
25.1
NEW
YORK
RICHMOND
ATLANTA
CHICAGO
OCT
6. 1
8.4
6.2
13.4
12.1
4.2
3.5
6.1
7.6
12.3
1.9
2.2
3.4
NOV
3.4
2.7
3.5
6.7
6.1
5.3
2. 1
1.9
4.2
4.0
5.0
2.5
2.7
DEC
12.8
7.5
9.9
18.5
16.3
26.4
18.4
12.3
18.4
13.3
14.7
14. 3
17.0
1968 JAN
5.2
2.7
5.7
1.2
4.7
4.0
3.5
8.2
6.5
11.6
2.1
4.0
3.6
FEB
1.3
0.5
0.4
0.3
0.9
3.4
0.4
6.1
4.0
0.0
2.3
0.4
0.4
MAR
1.*
2.2
0.5
3.9
2.3
3.4
1.9
2.2
4.4
0.1
1.0
1.3
1.1
APR
0.7
0.5
0.9
1.3
0.5
1.4
0.2
0.6
2.4
0.0
0.4
0.0
0.4
MAY
0.5
0.2
0.4
0.4
0.5
1.4
0.4
1.3
0.6
1.2
0.4
1.0
0.3
JUN OR LATER
4.4
3.6
3.4
10.4
5.9
1.6
3.7
6.0
3.8
0.1
7.1
5.7
4.9
100.0
100.0
100.A
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100. C
TOTAL *
1/ SEE TECHNICAL APPENDIX A .
2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY WEEKLY REPORTING BANKS.
NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
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
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 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