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L.4.1
CONFIDENTIAL (FR)
June 24, 1968
c
.
library
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
May 29, 1968.
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
#
TECHNICAL APPENDIX A
DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner;
Outstanding CD's maturing in each month of the previous survey are
subtracted from maturities in the same month of the current survey.
Those
CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.
Those CD's maturing after the last individual
month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding
quantity for a time period com-
parable' to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.
Some sales
Sales of CD's between the
survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.
However, since the minimum maturity for time
deposits under current regulations is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sales are lost
from the series as derived in this manner.
Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured
between surveys and (2) the amount, if any, of sales between survey dates
that mature in the remaining days of the calendar month in which the current
survey is taken.
TECHNICAL NOTE B
CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
OUTSTANDINGS
Average maturities of outstanding negotiable time certificates of
deposit are calculated on a weighted .average basis.
All CD's are assumed to
mature in the middle of the month and those CD's maturing in the survey
month--after the survey date--are assumed to mature in the middle of the
period between the .survey date and the end of the calendar month in which
the survey is taken.
The weights are the quantity of CD's maturing in each
month or fraction thereof as a proportion of total CD's outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.
All of these CD's are assumed to mature in the
middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.
That is, they
are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.
Any CD's sold between
survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.
Technical Note B (continued)
This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date.
While it appears more logical to
assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce 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.
t
TAHLF
-viAT'jp-iTy DISTRIBUTION OF
1
ING N-GC^f ' JL- TI%'-C E R T I F I C A T E S
OF
1/
• I " AT
WFF^LY kFFCRTI\^ 3ANKS
AS CF 29 MAY
CD'S MATURING
AMOUNT
(MILLIONS OF
DOLLARS)
IN
1968
PERCENTAGE
0 I S T I BU T ION
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 )
.0
375.5
1.9
1.9
JUNE
5.434.2
27.8
29.7
1,139.8
JULY
4.422.5
22.6
52.3
1,043.1
AUGUST
2,629.4
13.5
65.8
1,202.6
SEPTEMBER
1.394.3
7.1
72.9
255.8
OCTOBER
1.294.6
6.6
79.5
378.2
NOVEMBER
1,231.8
6.3
85.8
918.6
DECEMBER
543.0
2.8
88.6
177.9
512.9
2.6
91.2
104.4
FEBRUARY
310.7
1.6
92.8
55.4
MARCH
267.8
1.4
94.2
26. 5
APRIL
307.6
1.6
95.8
54. 7
MAY
238.8
1.2
97.0
579.5
3.0
100.0
XXX
19,542.8
100.0
XXX
5,650.3
1968 MAY
30 -
31
1969 J A N U A R Y
OVER
12 M O N T H S
TOTAL
(MEMORANDUM:
JUNE
JUNE
511.8
823.3
10
17
1/
INCLUDES ONLY CERTIFICATES
2/
SEE
3/
S A L E S OF C D ' S M A T U R I N G AFTER
TECHNICAL APPENDIX
TAX
AND
2 9 3 . 3 3/
DIVIDEND M A T U R I T I E S )
2.6
4.2
XXX
XXX
IN D E N O M I N A T I O N S OF $100,000 CR NIOPF ISSUEC BY W E E K L Y R E P O R T I N G B A N K S .
A.
11 ^CNTHS.
73.7
110.4
TAJLE 2A
1/
DI STRTbUTTC 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 AT
NEW YORK C I T Y , C H I C A G O , AND ALL CTFFR WEEKLY R E P O R T I N G bANKS
MATURITY
AS OF 29 MAY
1963
(IN P I L L I O N S OF D O L L A R S )
NEV> YORK CI TY
CD'S MATURING
AMOUNT
IN
CHICAGO
SALES SINCE
PREVIOUS MONTH
2/ -
-
AMOUNT
WEEKLY
REPORTING
.0
25.6
.0
255.6
.0
JUNE
1,778.2
24 6.2
382.3
56.2
3,273.7
837.4
JULY
1,527.9
423.2
396.9
65.9
2,497.7
554.0
AUGUST
840.4
412.3
159.9
70,4
1*629.1
719.9
SEPTEMBER
323.7
62.8
131.2
18.7
939.4
174.3
263.6
30 - MAY 31
OCTOBER
292.2
93.3
97.4
21.3
905.0
NOVEMBER
347.9
258.9
74.2
55.3
809.7
604.4
96.4
DECEMBER
1969 JANUARY
135.3
66.3
31.7
15.2
376.0
129.4
29.8
48.9
27.0
334.6
47.6
30.3
FEBRUARY
61.6
18.7
32.9
6.4
216.0
MARCH
52.9
3.6
19.9
3.7
195.0
19.2
4.9
186.2
31.5
APRIL
99.1
MAY
50.6
OVER
NUMBER OF REPORTING
22.3
XXX
12.2
XXX
5,873.4
1,734.6
1,470.7
370.5
12,196.7
2C8.7
411.8
CERTIFICATES
IN D E N O M I N A T I O N
2/ SEE T E C H N I C A L A P P E N D I X A .
3/ S A L E S OF C D ' S M A T U R I N G AFTER
11 MONTHS.
* T O T A L S MAY NOT ADO DUfc TO R O U N D I N G .
TAX
34.1
78.0
$100,000
XXX
3,545.2
AND DIVIDEND M A T U R I T I E S )
11.6
16.8
OF
1 6 6 . 6 /3
242
11
12
BANKS
10
17
INCLUDES O N L Y
152.9
25.5 / 3
139. 7
(MEMORANDUM:
JUNE
JUNE
35.3
101.2 /3
427.6
12 M O N T H S
TOTAL *
18.3
Ck NCRE
ISSUED
2.5
8.7
BY WEEKLY R E P O R T I N G
269.6
334.2
BANKS.
BANKS
SALES SINCE
P R E V I C L S MONTH 2/
94.3
1 9 6 8 MAY
1/
AMOUNT
SALES SINCE
PREVIOUS MONTH 2/ -
ALL OTHER
59.6
85.2
TA6LE
23
1/
M A T U R I T Y D I S T R I B U T I O N CF O U T S T A N D I N G
\tw
NEGOTIAHLE
YORK C I T Y , C H I C A G O , AMI
AS OF 29 MAY
196b
(PERCENTAGE
NEh
CD'S MATURING
IN
29
WEEKLY
ANC 2 4 APR
REPORTING
HANKS
196d
DISTRIBUTION)
YORK CITY
MAY
CHICAGO
24 APR
29 MAY
ALL OTHER
24 APR
29 MA Y
2 4 APR
1.6
9.2
1.7
5.3
2. 1
6.3
30.3
24.8
2b.0
22.6
26.8
24.6
02 M O N T H S
26.0
25.0
27.0
2 1.9
20.5
20.0
03 M O N T H S
14.3
18 .0
10.9
22.2
13.4
16.0
04 M O N T H S
5.5
7.0
8.9
6.C
7.7
7.5
05 M O N T H S
5.0
4.3
6.6
7.5
7.4
6.3
06 M O N T H S
5.9
3.2
5.0
5. 1
6.6
5.3
07 M O N T H S
2.3
1.5
2.2
1.3
3. 1
1.7
Ofi M O N T H S
2.2
1.1
3.3
1. 1
2.7
2.3
09 M O N T H S
1•1
1.6
2.2
1.5
1.8
2.4
10 M O N T H S
.9
.7
1.4
l.P
1.6
1.5
11 M O N T H S
1.7
.8
1.5
1.1
1.5
1.5
12 M O N T H S
.9
1.3
2.4
1.2
1.3
1.3
2.4
1.5
1.5
3.5
3.4
100.0
100.0
100.0
100.0
100.0
C - 6 D A Y S 2/
01 M U N T H S
OVER
3/
12 M O N T H S
TOTAL *
1/
ALL CTFFK
Till- CERT IFICATES CF D E P O S I T AT
INCLUDES O N L Y C E R T I F I C A T E S
.8
100.0
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 R E P O R T I N G
BANKS.
2/ NUMBER OF D A Y S R E M A I N I N G IN SURVEY M O N T H . THIS
F O L L O W I N G THE LAST WEDNESDAY OF THE iv G N T F .
3/ N U M B E R
*
OF M O N T H S F O L L O W I N G
TOTALS MAY NOT
ADD DUE
THE
SURVEY
TO R O U N D I N G .
NCNTH.
PERIOD VARIES WlTF
THc NUMBER
OF DAYS
TA'jLE 2C
MATURITY
DISTRIBUTION
(\Eb
YC2K
Ch
OUTSTANDING
CITY,
CHICAGO,
AS
OF
29
NEGOTIABLE
AM:
PAY
ALL
19oy
(CUMULATIVE
NEk
CD'S
MATURING
AM]
24
CERTIFICATES
WEEKLY
APR
REPORTING
OF
1/
D E P O S I T AT
HANKS
1468
UISTRI6UTICN)
CITY
CHICAGO
ALL
IN
29
MAY
24
APR
29
MAY
24
APR
29
OTHER
MAY
24
APR
1,6
9.2
1.7
5.3
2.1
6.3
31.9
34.0
27.7
27.9
28.9
3C.9
02 M O N T H S
57.9
59.0
54.7
49.8
49.4
50.9
03 M O N T H S
72.2
77.0
65.6
72.0
62 .8
66.9
04 M O N T H S
77.7
84.0
74.5
78.0
70. 5
74.4
05 M O N T H S
32.7
88.3
81.1
85.5
77.9
80.7
06 M O N T H S
88.6
91.5
86.1
90.6
84.5
66. C
07 M O N T H S
90.9
93.0
88.3
91.9
87.6
87. 7
08 M O N T H S
93.1
94.1
91.6
93.0
90.3
90.0
09 M O N T H S
94.2
95.7
93.8
94.5
92.1
92.4
10 M O N T H S
95.1
96.4
95.2
96. 3
93.7
93.9
11 M O N T H S
96.8
97.2
96.7
97.4
95.2
95.4
12 M O N T H S
97.7
98.5
99. 1
98.6
96.5
96. 7
100.0
100.0
100.0
100.0
100.0
100.0
OF
CR
0-6 DAYS
01
OVER
1/
YORK
CTFFR
TIME
2/
MONTHS
3/
12 M O N T H S
INCLUDES
BANKS.
2/ N U M B E R OF
FOLLOWING
http://fraser.stlouisfed.org/ 3/ N U M B E R
Federal Reserve Bank of St. Louis
OF
ONLY
CERTIFICATES
IN D E N O M I N A T I O N S
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
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.
$100,000
PERIOD
MORE
VARIES
ISSUED
WITH
THE
BY
WEEKLY
NUMBER
OF
REPORTING
DAYS
T A Ql t 3 A
t
M A T U R I T Y i)I STPlbLT I lN Or CuT ST A N') [ \C N^CCTI
IME CFRT IF ICATES OF DEPOSIT
AT wbc<LY Or PARTING ^Af^ ^ BY SIZE OF BANKS 2/
• •» j C. F 2 S- KAY 19 6 8
(AMOUNTS IN M L L I O N S OF COLLARSj
1/
$1 H ILL I UN AND
CCS
MATURING
IN
$200
TOTAL
MILLION
AND
UNDER
3200 MILLION
S>500 MILLION
$500 MILLION
$1 BILLION
TC
PRIMF
TO
TOTAL
OVER
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
375,4
22.5
58.2
80.8
213.9
79.2
71.0
63.7
JUNE
5.434.3
310.5
7 26.6
972.2
3,425.C
1,679.3
957.2
788.5
JULY
4.422.4
201.3
495.9
7 31.6
2,993.6
1,422.6
1,004.2
566.8
AUGUST
2,629.3
121.5
363.8
438.9
1, 705. 1
782. 7
541.5
380.9
SEPTEMBER
1,394.1
80.3
182.4
275.2
855.7
293.1
337. 1
225.5
OCTOBER
1.294.6
67.0
150.7
265.6
811.3
2 78.1
336.2
197.0
NOVEMBER
1.231.7
52.8
168.8
232.0
778.1
314.3
274. 5
189.3
DECEMBER
543.C
25.2
104.8
101.4
311.6
122.0
107.6
82.0
512.8
18.9
61.2
90.8
341.9
119.4
146.3
76.2
FEBRUARY
310.6
7.9
38.0
63.4
201.3
55.2
116.3
29.8
MARCH
267.7
1 1.8
27.7
57.7
170.5
48.9
70. 7
50.9
APRIL
307.6
15.8
30.4
3 3.1
228. 3
97.3
102.6
28.4
MAY
238.8
11.3
23.8
43.0
160. 7
46.8
81.6
32.3
JUNE
OR LATER
579.4
4.3
44.4
99.2
431.5
13C.1
222.4
79.0
19,541.7
951.6
2,476.7
3,484.9
12,628.5
5,469.0
4,369.2
2,790.3
1968 MAY
30-31
1969 J A N U A R Y
TOTAL *
(MEMORANDUM:
TAX AND
DIVIDEND MATURITIES)
JUNE-10
511.7
2C.6
37.1
82.8
371.2
199.8
95.6
75.8
JUNE
82J. 3
18.9
65.4
119.0
620.0
399.9
134.3
85.8
12
18
17
{ME NORANDU M 2
265
92
NUMBER OF
86
BANKS)
50
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 LR MORF ISSUED £Y aEEKLY REPORTING 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 R E P O T CF CCNCITILN C N DECEMBER 31, 1965.
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 DEPOSIT 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 CEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS CF EACF OTHER WITFIN TFE SECONDARY M A R K E T .
http://fraser.stlouisfed.org/
*
T O T A L S MAY NOT ADD DUE TO R O U N D I N G .
Federal Reserve Bank of St. Louis
WHICH ARE
«
*
TABLE
•
#
SALES
38
»
*
#
+
•
: n ,1 :u t: t im-„ a .« t i h c a t l s of ttpos it stnc c prev ious month 2/
AT .^u:KLY KEP'.RTING BANKS ijY SIZE :'E HANKS 3/
/!/ (I-
(AMCUNTS
AS OF 29 PAY 1968
I Is M L L I C N S OF C O L L A R S )
$1 B I L L I O N
UNDER
MILLION
TO
$500 f I L L I C N
$200
CD*S
MATURING
1968 M A Y
IN
TOTAL
•
MILLION
ANC
$50 0 MILL I-JN
TO
$1 8 ILL I UN
$200
AND O V E R
PRIME
-
4/
OUTSIDE
TOTAL
NEW YORK
CITY
NEW Y O R K
CITY
NON-PRIME
30-31
JUNE
1,139.9
110.3
176.0
26 6. 5
587. 1
218.5
152.6
216.0
JULY
1,042.9
53.5
114.4
191.0
684.0
392.4
16 8.5
123.1
AUGUST
1,202.6
64.9
143.2
238.7
755.8
39C. 1
199.6
166.1
SEPTEMBER
255.8
15.6
34.8
42.8
162.6
61.9
54.2
46.6
OCTOBER
378.3
15.2
41.6
82.7
238.8
85.5
97.9
55.4
NOVEMBER
918.5
41.3
123.2
173.3
580. 7
233.4
209.6
137.7
DECEMBER
178.0
1.9
21.7
39.9
114. 5
54. 1
31.5
28.9
104.2
2.8
8.2
19.3
73.9
24.6
39.8
9.5
FEBRUARY
55.4
1.0
4.0
19.7
30.7
17.9
10. 1
2.7
MARCH
26.5
1.0
1.7
5.0
18.8
3.4
9.2
6.2
APR IL
54.7
3.9
6.7
10.4
33. 7
18. 1
1C.9
4.7
293.3
11. J
25.2
42.0
2 15.1
92.5
87.5
35.1
5,650.1
322.4
700.7
1,131.3
3,495.7
1,592.3
1,071.4
832.0
1969 J A N U A R Y
MAY
OR L A T E R
TOTAL
*
(MEMORANDUM:
TAX
AND
DIVIDEND MATURITIES)
JUNE
10
73.7
10.2
9.0
16.6
37.9
1C.0
11.4
16.5
JUNE
17
11C.4
5.6
20.6
42.0
42.2
14.6
14.5
13.1
12
18
(MEMORANDUM
265
92
NUMBER
86
OF
BANKS)
50
37
1/ S E E T E C H N I C A L A P P E N D I 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 CF SI Jo ,00 0 CR NC RE IS3JEF EY W E E K L Y R E P O R T I N G BANK S.
3/ T O T A L D E P O S I T S A S R E P O R T E D IN THE C A L L R E P O R T CF C C M 0 1 T I C N CN D E C E M B E R 31, 1 9 6 5 .
4/ P R I M E B A N K S A R E T H C S E W H O S E N E G C T I A d L E C E R T I F I C A T E S 0*- D E P O S I T ARE R t G A R C E D 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 T R A D E W I T H I N 1 OR 2 BASIS P O I N T S CF EACH OTHER W I T H I N T hE S E C O N D A R Y M A R K E T .
*
T O T A L S M A Y N O T A D D DUE TO R O U N D I N G .
QUALITY
AND
WHICH
ARE
T A B L E 3C
MA ILK 1 TY DI STRIbUT [CN CF C U T S T A i\ 0 I»\ G X t GCT I A P 4. G 1 1 ^
CERT IFICATFS uF DEPCSI T 1/
AT WEEKLY ^EPLKTiN': WANKS 6Y Slfi OF BANKS 2/
AS CF ^9 MAY 146^
PERCENT AGl i, ISTK I HUT I ON
$ 1 BILLION
$200
GO'S
MATURING
IN
TOTAL
MILLION
AND
$500
$500
$1
MILLION
4ILLIUN
TO
BILLION
PRIME
TOTAL
NFW YORK
C I TY
OVER
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
1.9
2.4
2.3
2.3
1.7
1.4
1.6
2.3
JUNE
27,8
32.6
29.3
27.9
27.1
3C.7
21.9
2 8.3
JULY
22.6
21.2
20.0
21.0
23. 7
26.0
23.0
20.3
AUGUST
13.5
12.8
14.7
12.6
1 3.5
14.3
12.4
13.7
SEPTEMBER
7.1
8.5
7.4
7.9
6.8
5.4
7.7
8. 1
OCTOBER
6.6
7.0
6.1
7.6
6.4
5. 1
7. 7
7.1
NOVEMBER
6.3
5.5
6.8
6.7
6.2
5.7
6. 3
6.8
DECEMBER
2.8
2.6
4.2
2.9
2.5
2.2
2.5
2.9
JANUARY
2.6
2.0
2.5
2.6
2.7
2.2
3,3
2.7
FEBRUARY
1.6
0.8
1.5
1.8
1.6
1.0
2.7
1.1
MARCH
1.4
1.2
1.1
1.7
1.4
0.9
1.6
1.8
APRIL
1.6
1.7
1.2
0.9
1.8
1.8
2.3
1.0
1.2
1.2
1.0
1.2
1.3
0.9
1.9
1.2
3.0
0.5
l.ti
2.8
3.4
2.4
5. 1
2.8
1C0.0
100.0
100.0
100.0
100.0
100.0
100.0
1968 MAY
1969
UNDER
$200 viLLICN
TC
AND
30-31
JUNE
OR L A T E R
TOTAL *
100.0
-- (MEMORANDUM:
TAX
AND
DIVIDEND MATURITIES)
JUNE.10
2.6
2.2
1.5
2.4
2.9
3.7
2.2
2.7
JUNE
4.2
2.0
2.6
3.4
4.9
7.3
3.1
3.1
17
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 $100,000 CR MORE ISSUEC BY W E E K L Y REPORTING B A N K S .
2/ T O T A L D E P O S I T S AS R E P O R T E D IN THE CALL REPCPT CF CONDITION CN DECEMBER 31, 1965.
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 DEPOSIT ARE REGARDED AS BEING OF THE H I G H E S T QUALITY AND
R E P O R T E D BY D E A L E R S TU TRADE WITHIN 1 O R 2 B A S I S POINTS C F EACH CTFFrt WITHIN TbE S E C O N D A R Y 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 .
WHICH
ARE
#
#
TABLE
#
#
#
#
#
#
MATLN I IV 0! STRltiul li.N CF CUTS I a\l 1 ;\C x b G C T I A r. L L I M F
30
AT .it tKLY
#
C E R T I F I C A T E S OF DEPOSIT 1/
dTIkv HANKS bV SIZE t)F BANKS
AS IF 29 KAY 1968
CUMILATIVL PERCENTAGE
2/
$1
-
c c s MATURING
IN
TOTAL
1200
IV 1 L L I G L\
AND UNDER
$>200
/ I L L IL,\
TC
$500
V I L L I UN
$ 50 U
MILLION
TL
4>1 B I L L I O N
BILLION
-
PRIME
TOTAL
NEW YCPK
CITY
1968 MAY
30-31
1.9
2.4
2.3
2.3
JUNE
29.7
35.0
31.6
30.2
JULY
52.3
56. 2
51.6
AUGUST
65. 8
69. 0
SEPTEMBER
72.9
OCTOBER
AND
OVER
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
1.7
1.4
1.6
2.3
28.8
32.1
23.5
30.6
51.2
52.5
58. 1
46. 5
50.9
66. 3
63.8
66.0
72.4
58. 9
64.6
77.5
73.7
71.7
72.8
77.8
66.6
72.7
79.5
84.5
79 .8
79. 3
79.2
82.9
74. 3
79.8
NOVEMBER
65. 8
90. 0
86.6
86.0
85.4
£8.6
80.6
86.6
DECEMBER
88.6
92.6
90.8
88.9
87.9
90.8
83. 1
89.5
91.2
94.6
93.3
91.5
90.6
93.0
86.4
92.2
FEBRUARY
92.8
95.4
94.8
93.3
92.2
94.0
89.1
93.3
MARCH
94.2
96.6
95.9
95.0
93.6
94. 9
90.7
95.1
APRIL
95. 8
98.3
97.1
95.9
95.4
96. 7
93.0
96.1
MAY
97.0
99. 5
98.1
97.1
96.7
9 7.6
94.9
97.3
100.0
100. 0
100.0
100.0
100.0
100.0
100. 0
100.0
1969 J A N U A R Y
JUNE
CR LATER
*
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 $100,000 CR PCRE ISSUED EY W E E K L Y R E P O R T I N G B A N K S .
2/ TOTAL DEPOSITS A S R E P O R T E D IN THE CALL REPCPT CF C C N C I T I C N CN DECEMBER 31, 1S65.
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 R E G A R D E D AS BEING OF THE HIGHEST Q U A L I T Y AND
R E T O R T E D BY DEALERS TO T R A D E WITHIN 1 OR 2 BASIS PCINTS CF CACh OTFFR WITHIN TFE S E C O N D A R Y M A R K E T .
WHICH
ARE
TABLE
3E
SALES
/!/ CI- N E G O T I A B L E TIME O r x T i F l c A T E b OF OIPCSIT SlNCc *AEVluUb MCNTH
AT WEEKLY H E P O ^ T I N O SAN<S 3Y SIZE fjF 3ANKS 3/
AS CH
XAY 196A
P E R C E N T A G E OISTRI.4UTION
2/
$1 B I L L I O N ANO
CCS
M A T U R I N G IN
1968 MAY
TOTAL
$200
H LLICN
AND UNDER
$200 MILLION
TC
3500 MILLION
S500
MILLION
PRIME
TD
$1 BILLION
TOTAL
OVER
4/
OUTSIDE
NEW YORK
CITY
NON-PR I ME
NEW YORK
CITY
30-31
JUNE
2C.2
34.2
25.1
2 3.6
- 16.8
13.7
14.2
26.0
JULY
16.5
16.6
16.3
16.9
19.6
24.6
15. 7
14.8
AUGUST
21*3
20. 1
20.4
21.1
21.6
24. 5
18.6
20.0
SEPTEMBER
4.5
4. 8
5.0
3.8
4.7
3.9
5. 1
5.6
OCTOBER
6.7
4. 7
5.9
7.3
6.8
5.4
9. 1
6.7
12. 8
17.6
15.3
16.6
14.7
19.6
16.6
NOVEMBER
16.3
DECEMBER
3.2
0.6
3.1
3.5
3.3
3.4
2.9
3.5
1.8
0.9
1.2
1.7
2.1
1.5
3.7
1. 1
FEBRUARY
1.0
0. 3
0.6
1.7
0.9
1.1
0.9
0.3
MARCH
0.5
0.3
0.2
0.4
0.5
0.2
0. 9
0.7
APRIL
1.0
1.2
1.0
0.9
1.0
1. 1
1.0
0.6
MAY
OR LATER
5.2
3.4
3.6
3.7
6.2
5.8
8.2
4.2
100.0
100.0
100.0
100.0
100.0
100.C
100.0
100.0
1969 J A N U A R Y
TOTAL *
(MEMORANDUM:
TAX
AND DIVIDEND M A T U R I T I E S )
10
1.3
3.2
1.3
1.5
1.1
0.6
1.1
2.0
J U N E • 17
2.0
1.7
2.9
3.7
1.2
0.9
1.4
1.6
JUNE
(MEMORANDUM:
265
1/
2/
3/
4/
92
NUMBER OF
86
BANKS)
50
37
SEE TECHNICAL A P P E N D I X A .
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 CR NCPE IS SO EE tY 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 IN THE CALL REP CRT CF C O N D I T I O N CN DECEMBER 31, 1965.
P R I M E BANKS ARE THOSE wHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS HE INC OF THE HIGHEST
R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS 0F FACE OTHER * I THIN THE SECONDARY M A R K E T .
Digitized*for FRASER
T O T A L S MAY NOT ADD DUE TO R O U N D I N G .
12
QUALITY
AND
WHICH
18
ARE
T A [' L i 4 A
AVERAGE MATURITY
LiO U T S T A N D I N G NEGCT I AtiLE TIMt CERT IF K A 1 ES OF
AT WEEKLY
REPEATING
AT VAR IiJUS SURVEY
DEPOSIT
1/
BANKS
DATES
(IN MUNTFS )
DATE OF SURVEY
BANK C L A S S I F I C A T I O N
29 MAY
196b
24 APR
1966
27 MAR
1968
(BY LCCAT I U N )
ALL
R E P O R T I N G BANKS
ISSUING CD'S
3.1
3,0
2.9
2.8
2.6
2.6
CHICAGO
3.0
2.9
2.9
OTHER
3.3
3.2
3.1
NEW
YORK C I T Y
(BY SIZE OF
B A N K ) 2/
2.7
2.7
2.6
$ 2 0 0 — $ 5 0 0 MILLION
2.9
3.0
3.0
$ 5 0 C - $ l f 0 0 0 MILLION
3.1
3.0
3.0
OVER
3.1
3.0
2.9
2.ti
2.6
2.6
3.7
3.5
3.3
3.1
3.0
3.0
UNDER
$200 MILLION
$1 B I L L I O N
PRIME
IN NEW
YORK CITY 3/
PRIME
OUTSIDE NEW YORK CITY 3/
NON-PRIME
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL
D E P O S I T S AS REPORTED
3/
PRIME
BANKS ARE
THOSE
IN D E N O M I N A T I O N S OF
wHGSE
IN THE CALL
NEGOTIABLE
$100,000
REPCRT
CH MERE
OF CCNCITICN
ISSUEC
RY WEEKLY R E P O R T I N G
CN OECEMdEK
31,
BANKS.
1965.
C E R T I F I C A T E S OF OE PoSIT ARE REGARDED AS BEING OF THE H I G H E S T Q U A L I T Y ANO
1 CR 2 BASIb POINTS OF FACE OTHER WITHIN THE SECONDARY M A R K E T .
W H I C H ARE R E P u R T E O BY O E A L E R S TU TRADE WITHIN
#
#
#
#
#
#
#
#
#
#
TABLE 4H
AVERAGE
MATURITY
CF
NEGOTIABLE Tint C E R T I F I C A T E S
SOLD BY WEEKLY
DURING
CF UEPOS IT
REPORTING
BANKS
THE MCNTH UF V A R I O U S
UN
1/
SURVEYS
MONTHS)
DATE OF SURVEY
BANK C L A S S I F I C A T I O N
29 HAY
24 APR
1966
1968
2 7 MAR
1968
( BY L O C A T I O N )
ALL R E P O R T I N G
BANKS
3.5
2.9
2.9
3.6
2.6
2.6
CHICAGO
4.1
2.8
3.4
OTHER
3.4
3.0
3.0
ISSUING CD'S
NEW
YORK C I T Y
(BY SIZE OF
BANK) 2/
2.8
2.9
2.5
$200— $500 MILLION
3.2
2.7
2.9
$ 5 C C ~ $ 1? 0 0 0 MILLION
3.3
2.7
3.0
OVER
3.7
3.C
2.9
3.5
2.7
2.6
4.2
3.6
3.4
3.3
2.7
3.0
UNDER
$200 MILLION
$1 B I L L I O N
YORK CITY 3/
PRIME
IN NEW
PRIME
O U T S I D E NEW YORK CITY
V
NON-PRIME
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL
D E P O S I T S AS R E P O R T E D
3/
PRIME
BANKS ARE
THOSE
IN D E N O M I N A T I O N S OF
WHOSE
IN THE CALL
$100,000
REPORT
CR
MORE
ISSUED
CF C( NCI TILN ON
BY WEEKLY R E P O R T I N G
CECEMBER
31,
BANKS.
1965.
NEGOTIABLE C E R T I F I C A T E S CF DEPOSIT ARE REGARDED AS B E I N G OF THE HIGHEST Q U A L I T Y AND
TO TRACE WITHIN 1 OR 2 BASIS POINTS OF F.ACF CTFER WITHIN THE S E C O N D A R Y M A R K E T .
W H I C H ARE R E P O R T t D BY D E A L E R S
http://fraser.stlouisfed.org/
N O T E — S E E TECHNICAL A P P E N D I X b.
Federal Reserve
Bank of St. Louis
( " 'I c 5 A
R A T I O UF v L T S T A N O t NG >\ * ! t ! A i-l. c
TL
AT
r I-Hr C E R T I F I C A T E S
T L T AL
VARIOUS
(PER
ALL
29
MAY
B A N K S ISSUING
CD* S
SURVEY
DATES
CENT)
1968
SURVEY
24 APR
1963
27 MAR
1968
9.6
9.8
10.2
UNDER
200
6.5
6.5
6.5
200 -
500
8.4
8.2
8.2
500 -
1000
9.4
9.4
9.7
10.3
10.7
11.2
11.7
12.5
13.C
8.6
8.8
9.4
11.3
11.3
11.7
OVER
1C0C
PRIME
IN
NEW
PRIME
OUTSIDE
YORK
NEW
3/
YORK 3 /
NONPRIME
1/
1/
JITS
D A T E UF
TOTAL D E P O S I T S 2/
( IN M I L L I O N S UF D O L L A R S )
OF DEPOSIT
INCLUDES CERTIFICATES
IN D E N O M I N A T I O N S
OF
$100 ,000
OR
MORE
ISSUED
PY W E E K L Y
REPORTING
3ANKS.
2/ T O T A L
DEPOSITS
3/ P R I M E
WHICH
B A N K S A R E T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S UF 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
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 BASIS P O I N T S O F EACH 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-
AS
REPORTED
IN THE C A L L
REPORT
D E P O S I T S IN THE D E N C M I N A T O R OF THE R A T I O
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
CF C O N D I T I O N
IN T H I S
TABLE
ON
ARE
DECEMBER
TOTAL
31,
196 5
CEMAINO AND
TIME D E P O S I T S .
INCLUDING
im.Lui.ur.0
#
#
#
#
#
#
#
#
#
T A H L E 51
RAUL
CF O U T S T A N D I N G NE^CTIA^LE
TL
ri^E C E R T I F I C A T E S i,F D E P O S I T
TiJTAL CFPGSITS
AS CF 29 MAY
(NUMBER
TOTAL D E P O S I T S 2/
5%
OR
LESS
i IN M I L L I O N S OF D O L L A R S )
ALL
BANKS
CD'S
ISSUING
5
TC
10%
1/
CF
19b8
BANKS)
10
TG
15%
lb
TC
20?
20
TCJ
25%
25%
OR
MORE
AVERAGE CO
TO DEPOSIT
R A T I O (PER C E N T )
102
69
56
24
10
4
9.6
UNDER
200
48
25
12
4
3
0
6.5
200 -
50C
37
18
17
9
2
3
8.4
500 -
1000
14
14
14
5
2
1
9.4
3
12
13
6
3
0
10.3
0
2
3
2
0
0
11.7
1
7
1
2
1
G
8.6
2
3
9
2
2
0
11.3
OVER
1000
PRIME
IN NEW
YORK
P R I M E O U T S I D E NEW
3/
YORK
3/
NONPRIME
1/
INCLODES 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
2/ TOTAL D E P O S I T S A S R E P O R T E D
IN
THE CALL
REPORT
CR MORE
ISSUED
EY WEEKLY R E P O R T I N G B A N K S .
CF C O N D I T I O N ON DECEMBER
3 1, 1965.
3/ P R I M E B A N K S ARE THOSE nHGSE NEGOTIABLE 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 QUALITY 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 WITHIN 1 CR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY 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 RATIO
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 T A B L E ARE TOTAL DEMAND AND T I M E D E P O S I T S ,
INCLUDING
#
*
PER
C E N T CHA\SL
#
#
IN U L T S T ^ N O I N G
24 APR
i Tu 29 MAY
DECLINES
TOTAL
DEPOSITS
2/
(IN M I L L I O N S OF D O L L A R S )
ALL
BANKS
CD'S
ISSUING
10% OR
MURE
#
#
r,C':LT I/. -Lc T I SI: CERT IK I CAT I: OF D E P O S I T
(NUMBER
REDUCED
C D ' S TO
ZERO
#
CF
/I
1968
BANKS)
INCREASES OF
OF
b TO
10%
*
5% OR
LESS
NO
CHANGE
5% OR
LESS
10% OR
MURE
5 TO
ICS
34
34
51
28
43
34
43
ISSUED C D ' S BUT
HAD NONE OUTSTANDING ON BASE DATE
UNDER
200
2
17
13
8
15
11
12
18
2
200 -
500
0
11
9
18
10
17
11
10
0
500 -
1000
0
2
8
7
3
10
6
14
2
0
4
4
18
C
5
5
1
0
0
1
2
3
0
1
0
0
0
0
2
1
6
0
1
2
0
0
u
1
1
9
0
3
3
1
0
OVER
1000
PRIME
IN NEW
YORK
3/
P R I M E O U T S I D E NEto YORK
3/
NONPRIME
INCLUDES C E R T I F I C A T E S
If
IN D E N O M I N A T I O N S CF
2/ TOTAL D E P O S I T S A S R E P O R T E D
IN THE CALL REPORT
»' EES srufuTS ssurs'sssj
no,e
- is
$100 ,000 CR MCRE
ISSUEC BY WEEKLY R E P O R T I N G
CF C O N D I T I O N ON DECEMBER
31,
BANKS.
1965.
;;e^oT;v;^"^Er'"NKS THM
#
#
#
#
#
#
#
TArLc
PER
CENT CHANGi
TOTAL
REDUCED
C D ' S 253
TO
OR
ZERO
MORE
D E P O S I T S /2
(IN M I L L I O N S OF D O L L A R S )
ALL
BANKS
CC'S
TIME C b R T I F I C A T E OF DEPOSIT
1968 TO 29 MAY
(NUNBER
#
OF
10
TC
15%
15
TO
20%
ISSUING
3
29
13
13
L9
/I
196H
BANKS)
INCREASE OF
DECLINES OF
20
TO
25%
#
5D
IN O L T S T A N O I N G N E G C T I A B L L
26 FEB
#
5
TO
10%
5%
LESS
27
29
NO
5%
LESS
5
TO
- 10%
17
26
29
8
17
9
32
3
CR
OR
CHANGE
10
TO
15%
15
TO
20%
20
TO
25%
25%
OR
MORE
ISSUED
C D 1 S BUT MAC
NONE
OUTSTANDING
ON BASE DATE
UNDER
200
3
12
3
4
4
8
6
13
8
10
5
3
5
14
2
200 -
500
0
8
3
4
6
9
13
3
9
10
C
7
3
11
0
500 -
1000
0
5
4
2
3
4
5
1
6
4
3
5
1
7
1
0
4
3
3
6
6
5
0
3
5
Q
2
0
0
0
0
1
0
2
2
1
1
0
0
0
C
0
0
0
0
0
1
3
1
2
0
2
0
1
1
C
1
0
0
0
0
2
0
0
2
5
2
0
. 2
4
0
1
0
0
0
OVER
1000
PRIME
IN NEW
YORK
P R I M E O U T S I D E NEW
NONPRIME
1/
3/
YORK
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
2/ TOTAL D E P O S I T S AS R E P O R T E D
IN THE CALL
$100 ,000 CR MORE
REPORT
ISSUED EY W E E K L Y R E P O R T I N G B A N K S •
CF CONDITICN ON DECEMBER
31, 1965 •
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 BEING OF THE H I G H E S T QUALITY 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 WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE-
THE NUMBER OF BANKS IN THIS TABLE DIFFERS FRCM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT B A N K S THAT
HAD O U T S T A N D I N G C D ' S ON THE SURVEY THREE NCNTHS PRIOR TO THE CURRENT S U R V E Y , R E D U C E D THEIR
O U T S T A N D I N G S TC ZERO.
#
#
#
#
#
#
#
#
#
IA2L(: bb
CHANGE
IN O L T S T A W I N G
OVER
THE
N E C C T I A u L E TI:4E CE^T I F I C A T E S OF
AS
MONTH
AT
THE
E'< CENT
A
BEGINNING
2 4 APR
(IN
ALL
DEPOSITS
MILLIONS
BANKS
CD'S
DECLINES
2/
3%
AND
OVER
UF D O L L A R S )
2
TO
3%
OF
PER[GO
1968
BANKS)
I N C R E A S E S OF
OF
1
TO
2%
ISSUING
1/
DEPOSITS
TOTAL
OF T H E
19b 8 TO 29 MAY
(NUMBER
TOTAL
OF
DEPOSIT
1%
ANO
LESS
It
AND
LESS
NO
CHANGE
TO
1
2
TO
2%
3%
17
95
22
86
25
3%
AND
OVER
UNDER
200
2
3
5
30
11
28
7
2
2
200 -
500
0
2
6
30
10
29
9
0
0
500 -
1000
0
1
3
13
I
19
8
2
1
0
i
3
22
0
10
1
0
0
0
0
1
5
0
1
0
0
0
0
1
0
8
0
3
C
0
0
0
0
2
9
0
6
I
0
0
OVER
1000
PRIME
IN N E W
PRIME OUTSIDE
YORK
NEW
3/
YORK
3/
NONPRIME
1/
INCLUDES CERTIFICATES
IN D E N O M I N A T I O N S
2/ T O T A L
D E P O S I T S AS REPORTED
3/ PRIME
WHICH
BANKS ARE THOSE
A R E R E P O R T E D BY
NQT2—
IN THE C A L L
WHOSE NEGOTIABLE
D E A L E R S TO T R A D E
OF
$100 ,000
REPCRT
CF
OR
MORE
CONDITION
ISSUED
ON
BY W E E K L Y R E P O R T I N G
DECEMBER
31,
BANKS.
1965-
C E R T I F I C A T E S 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 BASIS P O I N T S OF EACF 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 .
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 DEPCSITS.
IN T H I S
TABLE
ARE
TOTAL
CEMAND
AND
TIME
DEPOSITS, INCLUDING
A
#
#
#
#
#
#
TABLE
CHANGE
#
#
5F
IN OUTSTANDING NfcGCTIABLt T I SAt CERTIFICATES OF DEPOSIT
OVER THE LAST THRfcE MONTHS
AS A PER CENT OF TOTAL
1/
DEPOSITS
AT THE BEGINNING CF THE PER IOC
28 FEB 196 8 TO 29 MAY
1968
(NUMBER OF B A N K S )
TOTAL OEPOSITS 2/
UN
ALL
MILLIONS OF D O L L A R S )
BANKS
CD'S
DECLINES OF
5%
AND
OVER
3
TO
4%
4
TO
5%
I NCRE ASES OF
2
TC
3%
1
TC
2%
1%
AND
LESS
NO
CHANGE
1%
AND
UNDER
1
TO
2%
2
TO
3%
3
TO
4%
4
TO
5%
5%
AND
OVER
ISSOING
2
3
10
17
29
69
11
66
34
8
3
4
5
200
1
0
3
5
7
21
8
24
14
3
1
1
2
2 0 0 - 500
0
0
3
5
7
29
3
22
10
2
1
2
2
500 -
1
1
0
6
4
10
0
12
8
3
1
1
1
0
2
4
1
11
9
0
8
2
C
0
0
0
0
1
1
0
3
2
c
0
0
0
0
0
0
PRIME OUTSIDE NEW YORK J/
0
1
2
1
3
2
c
2
1
C
0
0
0
NONPR IME
0
0
1
0
5
5
0
6
1
•o
0
0
0
UNDER
OVER
1000
1000
PRIME
IN NEW YORK 3/
1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 OR MORE
2/ TOTAL D E P O S I T S AS REPORTED
ISSUED BY WEEKLY REPORTING BANKS.
IN THE CALL REPORT CF CONDITION ON DECEMBER
3 1, 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-
D E P O S I T S IN THE DENOMINATOR OF THE RATIO
INTERBANK AND U.S. GOVERNMENT OEPOSITS.
IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
TAhL
6 A
MATLhl 1Y Ul oTkl yuT((j\ CF CuTST
N6G0TlAdLn TIME CE.^T IFICATES OF C;5«:1SIT 1/
AT \cLKLy
'^\KS
fY H^.vEhAL KFbL-Vt CI SI PICT
AS UF 29 PAY
19ob
( A M C U M S IK PILLIONS OF DOLLARS)
CCS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
55.7
6.4
9.4
14.8
32.3
61.1
224.3
662.3
124.7
64.5
110.2
384.5
733.0
59.2
109.0
625.1
61 .0
48.1
117.3
290.9
712.9
226.4
31.9
57.4
333.2
53.9
38.8
62.5
161.8
423.9
51.2
110.6
48.1
46.4
236. 7
31.6
15.8
32.4
92.6
227.7
367.6
34.7
109.8
3 8.0
40.7
185.9
24.C
16.7
31.2
117.2
203.9
92.0
405. 1
36.7
86.9
25.0
34.3
177.3
32.9
15.0
22.9
76.8
227.0
BOSTON
375.6
21.9
JUN
5434.3
JUL
IN
NEW
YCLK
R ICHMCNO
ATLANT A
PHILADELPHIA
CLEVELAND
128.3
7.4
18.5
11.8
8.0
366.3
2203.3
182.9
287.2
91. 1
4422.5
208.3
1805.9
106.8
278.0
AUG
2629.4
131.9
1008.4
99.3
SEP
1394.3
426. 1
OCT
1295.2
125.5
NOV
1231-9
1968 MAY 3 0 - M A Y
31
75. C
CHICAGO
DEC
543.C
27.5
172.3
14.7
4 7.6
32.3
14.1
70.6
19.3
19.2
13.8
39. 7
71.9
1969 JAN
513.0
19.5
158.8
19.5
35.4
4.9
15.9
96.5
11.2
7.0
5.9
39.0
99.4
FEB
310.7
18.3
79.7
5.4
18.5
9. I
14.3
53.4
11.7
2.2
2.2
16.8
79.1
MAR
267.8
10.5
73.0
21.9
22.0
5.9
7. 1
38. 1
8.2
0.2
4. 3
19.4
57.2
APR
307.6
18.6
108.7
4.7
51.4
7.2
3.1
41.2
8.4
0.6
3.0
19.1
41.6
MAY
238.3
6.9
63.7
8.7
12.9
2.7
7 .0
57.0
6.4
0.4
2.4
15.8
54.4
JUN OR LATER
579.6
20.0
177.7
30.9
166.4
10.5
20.7
50.1
5.8
0.0
0.0
20. 5
77.0
19543*3
1142.2
7178.6
624.8
1471.6
3 77 .7
602.3
2683.1
405. 7
237.9
422.9
1326.4
3070.1
AVERAGE MATURITY
IN M O N T H S 2/
3.0
2.9
2.7
3.3
4.2
3.5
2.9
3.2
3.2
2.6
2.4
2.9
3.2
NUMBER OF REPORTING
BANKS
265
17
48
10
20
16
21
36
11
21
25
35
TOTAL
*
1/
INCLUDES ONLY C E R T I F I C A T E S
2/
SEE TECHNICAL
*
ST.
LOUIS
ALL
DISTRICTS
MATURING
DETAILS MAY NUT
ISSUED
IN OENCMINAT ICNS CF $100,000 OR MURE
APPENDIX 6.
ADD
TC TOTALS DUE
TC R O U N D I N G .
BY WEEKLY REPORTING B A N K S .
#
#
#
#
#
#
TABLE
1/
SALES
CF
NEGOTIABLE
TIME
BY
(AMOUNTS
1968
1969
MATURING
PHILADELPHIA
CF
IN
29
#
2/
MAY
SINCE
PREVIOUS
MONTH
1968
MILLIONS
OF
DOLLARS)
CLEVELAND
RICHMOND
ATLANTA
CHI —
CAGO
ST.
LOUIS
M I N NE —
APOLIS
KANSAS
C I TY
DALLAS
SAN
FRANCISCO
1139.8
95.0
3 74.0
38. 7
61.1
18.7
55.9
116.4
14. 4
9.8
32.7
171.5
151.6
JUL
1 C43 . 1
66.2
514.3
30.4
49.9
14 . 1
20.6
1C6.6
9. 3
16.6
38.9
55.8
120.4
AUG
12C2.6
68.9
494.4
50.0
82.5
2 1.0
31.9
130.4
2 6.0
22.0
41.5
81.5
152.5
SEP
255.9
13. 7
77.8
13.4
12.0
7.0
6.6
41.2
3.4
3.3
1.4
13.1
63.0
OCT
378. 6
33. 1
118.7
12 .0
17.5
8.6
10.0
48.1
8.2
6.2
10. 7
39. 1
66.4
NOV
918. 6
65.2
2 96.6
28.4
67.7
16.5
25.2
125.9
23.5
13.7
18. 5
59.8
177.6
DEC
178.0
11.0
77.2
1.3
13.8
3.6
4.1
27.3
6.3
12.4
2. 8
4.0
14.2
JAN
104.4
3.4
35.1
2.6
6.5
1.0
2.0
38.5
4.1
1.9
0.8
1.6
6.9
FEB
55.4
4.6
23.8
0.2
2.4
0.7
3.8
10.4
4.2
1.3
0.3
1.5
2.2
MAR
26.6
1.2
6.1
1. 3
7.1
0.4
0.2
8.2
0.2
C.O
C.O
0.0
1.9
APR
54.7
4.9
21.3
1.6
2.0
1.4
0.6
10.9
1.0
0.2
0. 7
3. 7
6.4
293.2
8.8
121.8
11.8
14. 7
2 . 2
7.3
48.7
0.2
0.4
2.4
14.4
60.3
5650 . 9
376.0
2161.1
191.7
3 37.2
9 5.2
16 8 . 4
712.6
100.8
87.8
150. 7
446.0
823.4
3.4
3. 1
3.4
3.4
3.6
3.3
3.1
4.1
3.9
3.6
2.6
2.7
3.7
OR
LATER
*
AVERAGE MATURITY
IN M O N T H S 3 /
1/
SEE
2/
INCLUDES
3/
SEE
*
BOSTON
NEW
YORK
68
#
JUN
MAY
TOTAL
ALL
0 I STRICTS
IN
#
C E R T I F I C A T E S OF D E P O S I T
WEEKLY REPORTING BANKS
FEDERAL RESERVE DISTRICT
AS
CD'S
#
TECHNICAL
ONLY
TECHNICAL
DETAILS
MAY
NOT
APPENDIX
A.
CERTIFICATES
APPENDIX
ADD
TO
I S SLED
IN
DENOMINATIONS
B.
TOTALS
DUE
TC
ROUNDING.
CF
$100,000
OR
MORE
PY
WEEKLY
REPORTING
BANKS.
TAbLh 6C
MATURITY DISTRIBUTION
CP 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 REPORTING HANKS
BY FEDERAL RESERVE DISTRICT
AS OF 2 9 MAY
(PERCENTAGE
CD'S MATURING
IN
ALL
• I S—
TRICTS
BOSTON
NEW
YORK
1.9
1.9
1.8
JUN
27.8
32. 1
30.7
JUL
22.6
18.2
AUG
13.5
1968 MAY 3 0 - M A Y
31
PHI LADELPHI A
1
1/
196%
DISTRIBUTION)
CLEVELAND
RICHMON3
ATLANTA
CHI —
CAGO
SAN
ST.
LOUIS
MINNFA POL IS
KANSAS
CITY
DALLAS
FRANCISCO
3. 5
2.4
2.0
1.3
3.2
1.3
2.1
1.6
4.C
29
19.5
24.4
37.2
24.7
3C.7
27.1
26. 1
29.0
23.9
25.1
17
18.9
15.6
18.1
23.3
15.C
20.2
27. 7
21.9
23.2
11.5
14.0
15
15.4
8.5
9.5
12.4
13.3
16.3
14. 8
12.2
13.8
SEP
7. 1
6.6
5.9
8 ,
7.5
12.9
7.7
8.8
7.8
6.6
7.7
7.0
7.4
OCT
6.6
11.0
5. 1
5,
7.5
10.1
6.8
6.9
5.9
7.0
7.4
8.8
6 .6
NOV
6.3
8.1
5.6
5,
5.9
5.9
5.7
6.6
8.1
6.3
5.4
5.8
7.4
DEC
2.8
2.4
2.4
2,
3.2
8.7
2.3
2.6
4.8
8.1
3.3
3.0
2.3
1969 JAN
2.6
1.7
2.2
3.
2.4
1.3
2.6
3.6
2.8
2.9
1.4
2.9
3.2
FEB
1.6
1.6
1.1
0,
1.3
2.4
2.4
2.0
2.9
0.9
0.5
1.3
2.6
MAR
1.4
C.9
1.0
3,
1.5
1.6
1.2
1.4
2.0
0. 1
1.0
1.5
1.9
APR
1.6
1.6
1.5
0,
3.5
1.9
0.5
1.5
2. 1
0.3
0. 7
1.4
1.4
MAY
1.2
0.6
0.9
1-
0.9
0.7
1.2
2.1
1.6
0.2
C.6
1.2
1.8
JUN OR L A T E R
3.0
1.8
2.5
44
11.3
2.8
3.4
1.9
1.4
0.0
0.0
1.5
2.5
ICC. 0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
TOTAL
1/
*
INCLUDES O N L Y
CERTIFICATES
ISSUED
100,
IN D E N O M I N A T I O N S
OF
$100,000
CR MORE fiY WEEKLY R E P O R T I N G B A N K S .
TAULL 6C
M A T U R I T Y J l S T R i r U T I O \ CP C J T S T & N C t K G i\ECCTIA8LE TIME C E R T I F I C A T E S OF D E P O S I T
AT WEEKLY REPORT ING rtANKS
BY FECEPAL RESERVE DISTRICT
AS Of 29 MAY
(CUMULATIVE
ALL
DISTRICTS
HUSTON
1.9
1.9
1.8
1.2
J UN
29.7
34. C
32.5
30.5
JUL
52. 3
52.2
57.6
AUG
65.8
63. 7
SEP
72. 9
OCT
CD1 S MATURING
IN
NEW
YORK
PH I L A —
DE LPH I A
1/
»
1968
PERCENTAGE)
CLEVELAND
RICHATLANTA
MONO
CHI —
CAGO
ST.
LOUIS
M I N N F — KANSAS
CITY
APOLIS
DALLAS
FRAN—
CI see
3.2
1 .3
2.1
1.6
4.C
3.5
2U.8
27.m
38.5
26.8
32.3
31.1
29.6
31.4
25.9
47.6
39.7
43.2
56.6
50.1
47.3
5 1.3
57. 3
53.3
49.1
71.6
63.5
55.1
51 . 7
6 6.1
62.5
6C.6
67.6
72. 1
65.5
62.9
70.3
77.5
71.7
62.6
64.6
73.3
71.3
68.4
74.2
79. 8
72.5
70.3
79.5
81.3
82.6
77.3
70. 1
74.7
80.6
78.2
74.3
81.2
87.2
81.3
76.9
NOV
85.8
89.4
88.2
83.2
76.0
80.6
86.3
84.8
82.4
87.5
92.6
87. 1
84.3
DEC
88.6
91.8
90.6
85.6
79.2
89. 3
88.6
87.4
87.2
95.6
95. 9
90. 1
86.6
1969 JAN
91.2
93. 5
92.8
88.7
81.6
90.6
91.2
91.0
90.0
98.5
97.3
93.0
89.8
FEB
92.8
95. 1
93.9
89.6
82.9
93.0
93.6
9 3.0
92.9
99.4
97. 8
94.3
92.4
MAR
94.2
96. 0
94.9
93.1
34.4
94.6
94.8
94.4
94.9
99.5
98. 8
95.8
94.3
APR
95. 8
97.6
96.4
93.9
87.9
96.5
95.3
95.9
97.0
9*3. 8
99.5
97.2
95.7
MAY
97. 0
98.2
97.3
95.3
88.8
97.2
96.5
98.0
98.6
100.C
IOC. 1
98.4
97.5
100. 0
1 00. 0
100.0
100.0
100.0
1GU.0
100.0
ICO.O
100.0
100.0
100. 0
100.0
1 9 6 8 MAY 30 — M A Y
31
100.0
u
INCLUDES O N L Y C E R T I F I C A T E S
ISSUED IN O E N O W I M T I C N S
OF
1 . 3
$100,000 OR MORE
BY WEEKLY R E P O R T I N G B A N K S .
•
•
•
•
•
•
•
2/
TIME C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S
WEEKLY REPORTING BANKS
EY F E D E R A L R E S E R V E D I S T R I C T
AS OF
29
(PERCENTAGE
ALL
DISTRICTS
BOSTON
1968 JUN
20.2
25.3
JUL
18.4
AUG
21.3
MATURING
IN
•
MONTH
1968
C I S T R I BUT ION)
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
16.3
14.C
11.2
21. 7
38.5
18.4
12.2
15.0
8.6
18.9
25.8
12.5
14.6
23. I
18.9
18.3
26.0
25.1
27.5
18.3
18.5
CLEVELAND
RICHMOND
ATL ANT A
17.3
20.2
IB. 1
20.7
33.2
17.6
23.8
15.9
14.8
14.4
18.3
22.9
26.1
24.5
CF ICAGO
SEP
4. 5
3.6
3.6
r .o
3.6
7.7
3.9
5.8
3.3
3.8
0.9
2.9
7.7
OCT
6.7
8.8
5.5
6.3
5.2
9.0
5.9
6.7
8.2
7.1
7. 1
8.8
8.1
NOV
16.2
17.3
13. 1
14.8
20. 1
14.9
15.0
17.7
23.6
15.6
12.3
13.4
21.6
DEC
3.2
2.9
3.6
0.7
4.1
4.0
2.4
3.8
6.3
14.1
1.9
0.9
1.7
1 9 6 9 JAN
1.8
0.9
1.6
1.4
1.9
1. 1
1.2
5.4
4.1
2.2
0.5
0.4
0.8
FEB
1.0
1.2
1.1
0.1
0.7
0.8
2.3
1.5
4.2
1.5
0.2
0.3
0.3
MAR
G.5
C. 3
0.3
0.7
2. 1
0.4
0.1
1.2
0.2
O.C
0. 0
0.0
0.2
APR
1.0
1.3
1.0
0.8
0.6
1.5
0.4
1.5
1.0
0.2
0. 5
0. 8
0.8
5.2
2. 3
5.6
6.2
4.4
2.4
4.5
6.8
0.2
0.5
1.6
3.2
7.3
loo.u
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.C
1GG.0
100.0
100.0
100.0
OR
OY
MAY OR
TOTAL
LATER
*
1/
SEE
2/
INCLUDES ONLY
NOTE *
MAY
PH ILADELPHI A
NEW
YORK
•
T A B L E 6F
1/
S A L E S CP N E G O T I A B L E
CD'S
•
TECHNICAL
SALES
A.
CERTIFICATES
IN T H I S
DETAILS MAY NOT
APPENDIX
ADD
TABLE
TO
ARE
ISSUED
NOT
T O T A L S OLE
IN D E N O M I N A T I O N S
ADJUSTED
TC
FOR
ROUNDING*
CD'S
OF
THAT
$100,000
HAVE
MORE
MATURED.
WEEKLY
REPORTING
BANKS.
@FedFRASER