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November 24, 1967.
L.4.1
CONFIDENTIAL (FR)
i
-
'•
KCv
*
Research L
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
October 25, 1967
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
NOTE:
Sales since the previous survey and comparisons with the
previous data reflect a revision in the September series
whereby $10 million in outstanding negotiable CD's have
been eliminated from the series due to a reporting error.
TABLE 1
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
WEEKLY REPORTING BANKS
AS OF 25 OCT 1 9 6 7
AMOUNT
( M I L L I O N S OF
DOLLARS)
C D ' S MATURING I N
1967 OCTOBER
PERCENTAGE
D I S T R I BUT ION
CUMULATIVE
PERCENTAGE
SALES SINCE
PREVIOUS MONTH 2 /
( M I L L I O N S OF DOLLARS)
1,021.0
5.1
5.1
.0
NOVEMBER
3,459.5
17.2
22.3
796.6
DECEM8ER
4,727.2
23.5
45.8
784.9
3,614.3
18.0
63.8
1,181.6
FEBRUARY
1,483.2
7.4
71.2
214.8
MARCH
1,458.7
7.3
78.5
218.1
APRIL
1,362.6
6.8
85.3
651.6
MAY
525.9
2.6
87.9
12 7 . 2
JUNE
543.7
2.7
90.6
51.0
JULY
424.8
2.1
92.7
50.9
AUGUST
374.1
1.9
94.6
16.4
SEPTEMBER
289.8
1.4
96.0
34.2
OCTOBER
228.4
1.1
97. 1
OVER
594.7
3.0
100.0
XXX
20,107.9
100.0
XXX
4,328.0
26 -
31
1 9 6 8 JANUARY
12 MONTHS
TOTAL
(MEMORANDUM:
DECEMBER
DECEMBER
11
15
241.5
1,148.4
TAX
AND DIVIDEND M A T U R I T I E S !
1.2
5.7
1/
INCLUDES ONLY C E R T I F I C A T E S I N DENCMINATIONS OF * 1 0 0 , 0 0 0
2/
SEE TECHNICAL APPENOI X A .
3/
SALES OF C D ' S MATURING AFTER 11 MONTHS.
200.7 3/
XXX
XXX
OR MORE ISSUEC BY WEEKLY REPORTING BANKS.
29.0
74.2
TABLE 2A
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE T I N E 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'UCAGC* AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 25 OCT
(IN
MILLIONS
1967
OF DOLLARS I
CD* S MATURING
SALES SINCE
PREVIOUS MONTH 2 /
AMOUNT
-
SALES SINCE
PREVIOUS MONTH i
OTHER WEEKLY REPORTING BANKS
AMOUNT
SALES SINCE
PREVIOUS MONTH 2 /
.0
646*9
290.6
.0
83.5
.0
NOVEMBER
1,135.4
211.3
215.2
43.2
542.2
DECEMBER
2,094.3
362.3
324.9
38.5
384.1
JANUARY
1,405.3
515.6
363.7
86.4
1,845.3
FEBRUARY
409.2
89.9
160.5
14.0
013.5
109.8
MARCH
438. 6
70.1
142.1
17.3
878.0
130.9
APRIL
336.6
129.5
134.7
68.0
8Q1.3
453.4
MAY
212. <
56.7
42.7
12,0
270.3
58.3
JUNE
178. 3
1 8.1
58.7
5.9
306.7
27.1
JULY
102.5
16.3
52.5
3.6
269.8
31.2
AUGUST
128.9
7.5
29.0
.0
216.2
8.9
5.1
18.5
2 .0
1 9 6 7 OCT 2 6 -
1968
AMOUNT
IN
ALL
CHICAGO
NEW YCAK C I T Y
OCT
31
108. T
'
579.8
26.8
SEPTEMBER
73. C
OCTOBER
79.2
57.9
122. t
XXX
15.0
XXX
457.1
XXX
7,007.4
1,539.9
1,665.3
308.6
11,43 5.2
2,477.7
OVER
12 MONTHS
TOTAL *
{MEMORANDUM:
DECEMBER
DECEMBER
11
15
116.3
713.3
1/
INCLUDES ONLY C E R T I F I C A T E S
2/
SEE TECHNICAL APPENDIX A .
3/
SALES O f
6.2
39.9
I N DENOMINATION OF $ 1 0 0 , 0 0 0
C D ' S MATURING AFTER
11 MONTHS.
* TOTALS MAY NOT ADO DUE TO ROUNDING.
/3
TAX
1?4.Q
125.2
243
11
12
NUMBER OF REPORTING BANKS
17.7
24. T
/3
AND D I V I D E N D M A T U R I T I E S )
30.8
91.6
6.2
.5
OR MORE ISSUED BY WEEKLY REPORTING B A N K S .
Q4 . 5
T43.5
16.7
34.9
/3
TABLE 2B
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK C I T Y ,
CHICAGO, AND ALL
AS OF 25 OCT 1967
OTHER WEEKLY REPORTING BANKS
AND 2 7 SEP
1967
(PERCENTAGE D I S T R I B U T I O N )
ALL OTHER
CHICAGO
NEW YORK CITY
P O RVT I UK I NA,
I R*
27 SEP
25 OCT
27 SEi
25 OCT
27 SEP
25 OCT
4.1
2.7
5.0
2.1
5.7
3.4
16.2
21.7
12.9
19 . 4
18.4
23. 8
02 MONTHS
29.9
13.5
19.5
10.6
20.2
13. 7
0 3 MONTHS
20.1
25.3
21.8
17.7
16.1
16. 8
04 MONTHS
5.8
13.0
9.6
17. 1
8.0
11.1
05 MONTHS
6.3
4.7
8.5
9.0
7.7
7.0
0 6 MONTHS
4.8
5.4
8. 1
7.7
7.8
6.5
0 7 MONTH S
3.0
3.0
2.6
4.1
2.4
3.8
0 8 MONTHS
2.5
2.3
3.5
1.9
2.7
1.9
0 9 MONTHS
1.5
2.3
3.2
3.3
2.4
2.5
10 MONTHS
1.8
1.3
1.7
3.0
1.9
^,1
11 M O N T H S
1 .0
1.8
1.1
1.8
1.7
1.8
12 MONTHS
1.1
1.0
1.5
1.0
1.1
1.5
1.7
2.1
.9
1.3
4.0
4.0
100.0
100 .0
100.0
100.0
100.0
ICO. 0
C—6 DAYS 2 /
01
OVER
MONTH S 3 /
:12
TOTAL *
MONTHS
If
INCLUDES ONLY CERTIFICATES I N OENOH NAT ICNS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING
BANKS.
2/
NUMBER OF DAYS REMAINING I N SURVEY MONTH. T H I S PERIOD VARIES WITH THE NUMBER OF DAYS
FOLLOWING THE LAST WEDNESDAY OF THE MONTH.
3 / NUMBER OF MONTHS FOLLOWING THE SURVEY PCNTH.
*
TOTALS MAY NOT ADD DUE TO ROUNDING.
T ABLE 2C
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 DEPOSIT AT
NEW YORK C I T Y ,
CHICAGO, AND ALL
AS OF 25
OCT
1967
OTHER WEEKLY REPORTING BANKS
AND 27 SEP
1967
(CUMULATIVE D I S T R I B U T I O N !
) ' S MATURING
IN
NEW YORK CITY
CHICAGO
25 OCT
27 SEP
25 OCT
4.1
2.7
5.0
2.1
5.7
3.4
0 1 MONTHS 3 /
20.3
24.4
17.9
21.5
24.1
27.2
02 MONTHS
50.2
37.9
37.4
32.1
44.3
40.9
03 MONTHS
70.3
63.2
59.2
49.8
60.4
57.7
0 4 MONTHS
76.1
76.2
68.8
66.9
68.4
68.8
0 5 MONTHS
82.4
80.9
77.3
75.9
76.1
75. 8
0 6 MONTHS
87.2
86.3
85.4
83.6
83.9
82.3
07 MONTHS
90.2
89.3
88.0
87.7
86.3
86.1
0 8 MONTHS
92.7
91.6
91.5
89.6
89.0
88.0
0 9 MONTHS
94.2
93.9
94.7
92.9
91.4
90.5
10 MONTHS
96.0
95.2
96.4
95.9
93.3
92.6
11 MONTHS
97."
97.3
97.5
<7.7
95.0
S4.4
12 MONTHS
98.1
98 . 0
99.0
98.7
96.1
95.9
100.0
100.0
100.0
100.0
100.0
100.0
CF $ 1 0 0 , 0 0 0
OR MORE
0-6
DAYS 2 /
OVER ;12 MONTHS
1/
INCLUDES ONLY C E R T I F I C A T E S
BANKS.
2/
NUMBER OF DAYS REMAINING I N SURVEY MONTH. T H I S
FOLLOWING THE LAST WEDNESDAY OF THE 1-0NTH.
3/
NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.
A L L OTHER
I N DENOMINATIONS
27 SEP
25 OCT
2 7 SEI
ISSUED BY WEEKLY REPORTING
PERIOD VARIES WITH THE NUMBER OF DAYS
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 DEPOSIT
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2/
AS OF 25 OCT 1 9 6 7
(AMOUNTS I t MILLIONS OF DOLLARS!
TABLE 3A
$ 1 B I L L I O N AND OVER
-
CD'S
$200
MILLION
AND UNDER
MILLION
TO
MLLION
$500 MILLION
TO
$1 BILLION
1,021.0
51.5
136.0
151.8
NOVEMBER
3,459.6
193.4
456.8
DECEMBER
4, 7 2 7 . 2
177.7
3,614.2
FEBRUARY
MATURING
IN
TOTAL
1/
PRIME 3 /
-
NON- PR I ME
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
681.7
265.3
280.9
135.5
609.0
2,200.4
1,677.5
638.3
484.6
4 20 . 0
564. 6
3,564.9
2,004.4
1,026.5
534.0
146.4
371.3
550.7
2,545.8
1,342.3
761.9
441.6
1,483.1
66. I
179.7
262. 7
974.6
387.8
378.7
208.1
MARCH
1,458.7
55.7
173.9
272.7
956.4
403.5
343.4
209.5
APRIL
1,362.6
54.8
157.5
232.1
918.2
305.9
380.0
232.3
MAY
525.8
13.2
44.3
66.1
40 2 . 2
207.4
132.5
62.3
JUNE
543.8
20.9
61.8
88.1
373.0
166. 0
142.6
64.4
JULY
424.7
15.4
44.8
73.2
291.3
91.7
121.9
77.7
AUGUST
374.0
9.8
69.1
45.4
249.7
116. 7
81.8
51.2
SEPTEMBER
289.7
17.6
28.6
78.8
164.7
59.8
59.7
45.2
OCTOBER
228.3
8.9
23.3
36.4
159.7
78.4
60.2
21.1
NOVEMBER
OR LATER
594. 7
7.3
64.4
96.2
426.3
113.2
224.9
88.2
20, 107.4
839.2
2,231.5
3,127.8
13,908.9
6, 619. 9
4,633.3
2 ,655.7
1 9 6 7 OCT
26-31
1 9 6 8 JANUARY
TOTAL *
(MEMORANDUM:
TAX
TOTAL
AND D I V I D E N D M A T U R I T I E S )
DECEMBER
11
241. 7
4.8
21.8
32.1
183.0
106.3
48.8
27.9
DECEMBER
15
1,148. 3
14.8
44.8
69.0
1,019.7
698.6
251.3
69.8
12
18
(MEMORANDUM:
266
1/
2/
3/
95
NUMBER OF BANKS)
84
50
37
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 1 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT CF CONDITION ON DECEMBER 3 1 , 1 9 6 5 .
eoiPRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH CTHER W I T H I N THE SECONDARY MARKET.
REPORTED
http://fraser.stlouisfed.org/
«
TOTALS MAY NOT ADD DUE TO ROUNDING.
Federal Reserve Bank of St. Louis
TABLE 3B
SALES Z1 /
CF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2 /
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 /
AS OF 25 OCT 1 9 6 7
(AMOUNTS I N MILLIONS OF DOLLARS)
* 1 B I L L I O N AND OVER
CC* S MATURING IN
1 9 6 7 OCT
TOTAL
$200
MILLION
ANO UNDER
$200 M I L L I O N
TC
$500 MILLION
$500 MILLION
TO
$1 BILLION
—
-
PRIME 4 /
———————————————
OUTSIDE
NEW YORK
NEW YORK
CITY
CITY
TOTAL
NON-PRIME
26-31
NOVEMBER
796.6
52.5
138.4
158.0
447.9
195.9
134.7
117.3
DECEMBER
785.0
28.7
74.1
103.9
578.3
347.9
156.5
73.9
1,181.5
56.4
142.3
174.5
808.3
500.0
188.6
119.7
FEBRUARY
214.6
6.2
2". 7
30.9
156.8
88.1
34.4
34.3
MARCH
218.1
9.0
22.3
37.7
149.1
65.2
63.8
20.1
APRIL
651.6
31.0
80.7
121.8
418.1
111.9
197.2
109.0
MAY
127. 1
1.3
9.1
19.1
97.7
56.0
32.0
9.7
JUNE
51.3
0.2
7.5
8.4
35.2
16.4
14.1
4.7
JULY
50.7
1.6
6.4
11.3
31.4
11.6
10.4
9.4
AUGUST
16.4
0.9
0.9
4.7
9.9
5.4
1.5
3.0
SEPTEMBER
34.3
5.7
4.5
9.7
14.4
5.1
4.5
4.8
OCTOBER
OR LATER
200.7
6.6
21.5
44.6
128.0
56.4
48.3
23.3
4,328.1
200.1
528.3
724.6
2,875.1
1,459.9
886.0
529.2
1968 JANUARY
TOTAL *
— — I. '• — — ..
—————————————— I MEMORANDUM*
TAX AND DIVIDEND M A T U R I T I E S ! — — — — — — — — — — — — — — — — — — — — — — — — — — —
DECEMBER 11
2S.C
0.8
7.9
7.1
13.2
C.6
5.1
7.5
DECEMBER
74.C
1.3
7.3
5.1
60.3
37.0
18.6
4.7
—— in-
15
- — — — —————————————————
266
1/
2/
3/
4/
————————(MEMORANDUM:
95
NUMBER OF BANK S I
84
50
———————— —————————————————————————
37
7
12
SEE TECHNICAL APPENDIX A .
INCLUDES CERTIFICATES I N DE NOMINATIONS OF U 30 ,110 CR • L F E ISSUED EY W f E K t Y REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONOITICN CN DECEMBER 3 1 , 1 9 6 5 .
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND Hi ICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
Digitized*for FRASER
TOTALS MAY NOT ADO DUE TO ROUNDING.
18
TABLE 3C
SI
-
CD'S
MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200
$500
MILLION
TO
MILLION
$500 MILLION
TO
$1 BILLION
-
... — — — n
TOTAL
—
26-31
m m.
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
5.1
6. 1
6.1
4.9
4.9
4.0
6.1
5.1
NOVEMBER
17.2
23.0
20.5
19.5
15.8
16.3
13.8
18.2
DEC EMBER
23.5
21.2
18.8
18. 1
25.6
30.3
22.2
20.1
16.0
17.4
16.6
17.6
18.3
20.3
16.4
16.6
FEBRUARY
7.4
7.9
8.1
8.4
7.0
5. S
8.2
7.8
MARCH
7.3
6. 6
7.8
8.7
6.9
6.1
7.4
7.9
APR I L
6.8
6.5
7.1
7.4
6.6
4.6
8.2
8.7
MAY
2.6
1.6
2.0
2.1
2.9
3.1
2.9
2.3
JUNE
2.7
2.5
2.8
2.8
2.7
2.5
3.1
2.4
JUL Y
2.1
1.8
2.0
2.3
2. 1
1.4
2.6
2.9
AUGUST
1.9
1.2
3.1
1.5
1.8
1. 8
1.8
1.9
SEPTEMBER
1.4
2. 1
1.3
2.5
1.2
0.9
1.3
1.7
OCTOBER
1.1
1.1
1.0
1.2
1.1
1.2
1.3
o.a
NOVEMBER
OR LATER
3.0
0.9
2.9
3.1
3.1
1.7
4.9
3.3
100.C
100.0
100.0
100.0
100.0
100. €
100.0
100.0
1968 JANUARY
TOTAL *
--
(MEMORANDUM:
TAX
AND D I V I D E N D M A T U R I T I E S )
DECEMBER
II
1.2
0.6
1.0
1.0
1.3
1.6
1.1
1.1
CECEMBER
15
5.7
1.8
2.0
2.2
7.3
10.6
5.4
2.6
1/
2/
3/
*
*
AND OVER
PRIME 3 /
-
1967 OCT
BILLION
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT CF CONDITION GN DECEMBER 3 1 , 1 9 6 5 .
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST Q U A L I T Y AND WHICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
TOTALS MAY NOT ADD DUE TO ROUNDING.
TABLE
3D
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 DEPOSIT
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 /
AS OF 2 5 OCT 1 9 6 7
CUMULATIVE PERCENTAGE
1/
$ 1 B I L L I O N AND OVER
OCT
26-31
NOVEMBER
DECEMBER
$200
MILLION
AND UNDER
$200
MILLION
TC
$500 M I L L I O N
$500 MILLION
TO
$1 BILLION
-
PRIME 3 /
TOTAL
NEW YORK
CITY
—
OUTSIDE
NEW YORK
CITY
NON-PRIME
5.1
6. 1
6.1
4.9
4.9
4.0
6. 1
5.1
22.3
29.1
26.6
24.4
20.7
20.3
19.9
23.3
50.3
45.4
42.5
46.3
50.6
42.1
43.4
67.7
62.0
60.1
64.6
70.9
58.5
60.0
FEBRUARY
71.2
75.6
70.1
68.5
71.6
76. 8
66.7
67.8
MARCH
78.5
82.2
77.9
77.2
78.5
82.9
74.1
75.7
APR IL
85.3
88.7
85.0
CD
85. 1
87.5
82.3
84.4
MAY
87. 9
90.3
87.0
86.7
88.0
90.6
85.2
CO
JUNE
90.6
92.8
CD
89.5
90.7
93.1
88.3
89.1
JULY
92.7
94.6
91.8
91.8
CD
CM
0*
94.5
90.9
92.0
AUGUST
94.6
95.8
94.9
93.3
94.6
96.3
92.7
93.9
SEPTEMBER
96. 0
97.9
96.2
95.8
95.8
97.2
94.0
95.6
OCTOBER
97.1
99.0
97.2
97.0
96.9
98.4
95.3
96.4
100.0
100.0
130.0
100.0
100.0
100.0
100.0
100.0
00
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CP MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONOITICN ON DECEMBER 3 1 , 1 9 6 5 .
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
h-
63.8
*
JANUARY
NOVEMBER
OR LATER
1/
2/
3/
TOTAL
OD
MATURING I N
>
in
CCS
TABLE 3E
SALES / I Z OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 /
AS OF 25 OCT 196 7
PERCENT AGE D I S T R I B U T I O N
St B I L L I O N AND OVER
C D ' S MATURING I N
1967 OCT
TO TAL
$200
MILLION
AND UNDER
$200
MiLLICN
TC
$500 M I L L I C N
$500 MILLION
TO
$1 BILLION
-
PRIME 4 /
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
26-31
NOVEMBER
18.4
26.2
26.2
21.8
15.6
13.4
15.2
22.2
DECEMBER
18.1
14.3
14.0
14.3
20.1
23.8
17.7
14.0
27.3
26.2
26.9
24. 1
28.1
34.2
21.3
22.6
FEBRUARY
5.0
3.1
3.9
4.3
5.5
6. C
3.9
6.5
MARCH
5.0
4.5
4.2
5.2
5.2
4.5
7.2
3.8
15.1
15.5
15.3
16.8
14. 5
7.7
22.3
20.6
MAY
2.9
0.6
1.7
2.6
3.4
3.8
3.6
1.8
JUNE
1.2
0.1
1.4
1.2
1.2
1.1
1.6
0.9
JULY
1.2
0.8
1.2
1.6
1. 1
0. 8
1.2
1.8
AUGUST
0.4
0.4
0.2
0.6
0.3
0.4
0.2
0.6
SEPTEMBER
0.8
2. 8
0.9
1.3
0.5
0.3
0.5
0.9
OCTOBER
OR LATER
4.6
3.3
4. 1
6.2
4.5
3.9
5.5
4.4
100.0
100.0
100.0
100.0
100.0
100.0
1968 JANUARY
APR I L
TOTAL *
100.0
.
100. C
DIVIDENO M A T U R I T I E S )
—
DECEMBER I T
0.7
0.4
1.5
1.0
0.5
0.0
0.6
1.4
DECEMBER
1.7
0.6
1.4
0.7
2.1
2.5
2.1
0.9
_ _ _ _ _ _
15
_
_ _ _ _ _ _ _ _ _ _
I"' 1 - " _ _ _ _
266
—— _
95
(MEMORANDUM:
NUMBER f l F
84
50
37
7
12
18
1 / SEE TECHNICAL APPENDIX A .
2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR MORE ISSUED BY WEEKLY REPORTING BANKS.
3 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 1 9 6 5 .
"
•
TOTALS MAY NOT ADD DUE TO ROUNDING.
o
u
,
u
"
* " « »
«
TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY
1/
REPORTING BANKS
AT VARIOUS SURVEY DATES
( I N MONTHS)
DATE OF SURVEY
BANK C L A S S I F I C A T I O N
25 OCT
1967
27 SEP 1 9 6 7
30 AUG 1 9 6 7
(BY LOCATION)
A L L REPORTING BANKS
I S S U I N G CD'S
3.4
3.5
3.4
NEW YORK C I T Y
3,1
3.3
3.2
CHICAGO
3.5
3.7
3.8
OTHER
3.6
3.6
3.6
(BY
S I Z E OF BANK ) 2 /
3.0
3.0
3.0
$200-$500 MILLION
3.4
3.4
3.4
$500—$!fOOO M I L L I O N
3.6
3.5
3.5
OVER
3.4
3.5
3. 5
3.1
3.2
3.2
3.8
3.9
3.8
3.6
3.5
3.6
UNDER $ 2 0 0
MILLION
$1 B I L L I O N
PRIME
I N NEW YORK CITY
3/
PRIME OUTSIDE NEW YORK C I T Y
3/
NON-PRIME
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL DEPOSITS AS REPORTED
3/
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALI TY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N I CR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
IN
THE CALL
CR MORE ISSUED BY WEEKLY REPORTING BANKS.
REPORT OF CONDITION ON DECEMBER
31$
1965.
T&BLE AR
AVERAGE MATURITY
OF
NRG JT I ABLE TIME CERT IF1CATES OF DEPOSIT
1/
SOLO BY WEEKLY REPORTING BANKS
DURING THE MCNTH OF VARIOUS SURVEYS
( I N MONTHS!
DATE OF SURVEY
BANK C L A S S I F I C A T I O N
25
^CT 1 9 6 7
27 SEP 1 9 6 7
30 AUG 1967
! BY LOCAT IONI
ALL
REPORTING BANKS
ISSUING CD'S
3.5
3.5
3.5
NEW YORK C I T Y
3.3
3.4
3.7
CHICAGO
4.0
4.0
3.7
OTHER
3.6
3.5
3.4
(BY S I Z E OF BANK I
2/
UNDER $ 2 0 0 M I L L I O N
3.2
3.3
3.0
$2CC-$500 MILLION
3.3
3.5
3.8
$5C0—$1»000 M I L L I O N
?.7
3-5
3*5
OVER
3.5
3.5
3.5
3.2
3.3
3.7
3.9
3.9
3.4
3.6
3.5
3.6
$1 B I L L I O N
PRIME I N 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
I N OENCMINATIONS OF $ 1 0 0 , 0 0 ^
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPCRT CF CCNOITION ON DECEMBER 3 1,
3/
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS B E I N G OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OThER W I T H I N THE SECONDARY MARKET.
NOTE— SEE TECHNICAL APPEND I X B .
GR MORE ISSUFO BY WEEKLY REPORTING BANKS.
1S65.
TABLE 5A
RATIO OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
1/
TC TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
I PER CENT I
DATE OF SURVEY
TOTAL DEPOSITS 2 /
( I N M I L L I O N S OF DOLLARS!
25 OCT 1967
2 7 SEP 1967
30 AUG 1 9 6 7
ALL BANKS ISSUING
10.0
10.0
10.6
UNDER 2CC
5.7
5.9
6*0
200 -
50C
7.8
7.8
•. i
500 -
1000
8.6
r00
I. •
OVER 1 0 0 0
PRIME I N NEW YORK 3 /
PRIME OUTSIDE NEW YORK 3 /
NONPRIME
11.4
11.3
12.3
14.2
14.0
IS. 4
9. 1
11.0
9. 8
00
CD'S
11.3
11. 7
If
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 1 OR MORE ISSUEC BY WEEKLY REPORTING BANKS.
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPCRT CF CONDITION ON DECEMBER
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 CR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-
DEPOSITS I N THE DENOMINATOR OF THE RATIO
INTERBANK AND U . S . GOVERNMENT DEPOSITS.
31,
1965.
I N THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
, .
;
TABLE 5 8
RATIO OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
1/
TC TOTAL DEPOSITS
AS CF 2 5 OCT
1967
(NUMBER OF BANKS)
TOTAL DEPOSITS 2 /
(IN
ALL
MILLIONS
OF DOLLARS)
BANKS I S S U I N G
CD'S
5t
OR
LESS
5
TC
10 %
10
TO
15%
15
TO
20%
20
TO
25%
25*
OR
MORE
AVERAGE CO
TO DEPOSIT
RATIO IPER CENT)
112
61
62
24
5
2
10.0
UNDER
230
52
24
13
6
0
0
5.7
200 -
500
3ft
16
21
5
2
2
CO
r-
500 -
1000
17
11
15
6
1
0
8.6
5
10
13
7
2
0
11.4
0
0
5
1
1
0
14.2
3
4
2
2
1
0
9.1
2
6
6
4
0
0
11.0
OVER
1000
PRIME
I N NEW YORK 3 /
PRIME OUTSIDE
NEW YORK 3 /
NONPRIME
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPCRT CF CONDITION ON DECEMBER
3/
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 CR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
DEPOSITS IN THE DENOMINATOR OF THE R A T I O
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .
OR MORE
I N T H I S TABLE
ISSUED BY WEEKLY REPORTING BANKS.
31,
1965.
ARE TOTAL DEMAND AND TIME D E P O S I T S ,
INCLUDING
TABLE 5C
PER CENT CHANGE
I N CUTSTANOI NG NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT
Z1
27 SEP 1 9 4 7 TO 25 OCT 1 9 6 7
(NUMBER OF BANKS)
TOTAL DEPOSITS
DECLINES OF
REDUCED ————
——— -~- — — — — —
C D ' S TO
l O t CR
5 TC
5% OR
NO
ZERO
MORE
10%
LESS
CHANGE
2/
I IN M I L L I O N S OF DOLLARS)
ALL
BANKS I S S U I N G
CD'S
INCREASES OF
——————————————————— j SSUED C D ' S BUT
5 * OR
5 TO
1 0 ? OR HAD NONE OUTSTANOLESS
10*
MORE
I N G ON BASE DATE
1
39
29
56
31
47
33
35
2
UNDER
200
I
19
6
14
19
16
10
12
2
200 -
500
0
10
11
21
q
12
10
13
0
500 -
1000
0
8
4
13
3
7
R
7
0
0
2
7
8
0
12
5
3
0
0
0
I
1
0
4
1
0
0
0
0
0
3
0
5
2
2
0
0
2
6
4
0
3
2
1
0
I N DENOMINATIONS OF $ 1 0 0 , C 0 0
C« MORE
OVER
1000
PRIME
IN NEW YORK 3 /
PRIME OUTSIDE
NEW YORK 3 /
NONPRIME
1/
INCLU1ES C E R T I F I C A T E S
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL RfcPCRT OF C O i s U i U O N ON DECEMBER
3/
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 CR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
ISSUED
BY WEEKLY REPORTING BANKS.
31,
1965.
THE NUMBER OF BANKS I K T H I S TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING C D ' S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON T H I S SURVEY.
TA8LF 5 0
PER CENT CHANGE
l\
OUTSTANDING NEGOTI ' BL E TIME C E R T I F I C A T E OF DEPOSIT
26
JUL
1 9 6 7 TO 25 OCT
/I
1967
( NUMBER OF BANK S I
TOTAL DEPOSITS / 2
( I N M I L L I O N S OF DOLLARS t
ALL
BANKS
CD'S
REDUCED
—
C D ' S 25%
TO
OR
ZERO
MORE
INCREASE OF
DECLINES OF
20
TO
25%
10
15
TO
20%
TO
15%
5
TO
10%
5%
OR
LESS
NO
CHANGE
5%
OR
LESS
5
TO
10%
10
20
TO
25%
15
TO
TO
15%
20%
25%
OR
MORE
ISSUED
C D ' S BUT HAD
NONE
OUTSTANDING
ON BASE DATE
ISSUING
2
23
5
11
?3
27
32
10
32
21
22
13
7
41
3
UNDER 20C
2
15
1
2
7
7
12
6
9
4
9
4
3
16
2
200
500
0
5
4
&
5
13
12
3
5
6
6
5
2
13
1
1000
0
3
0
2
6
4
3
1
7
5
5
2
2
10
0
0
0
0
1
5
3
5
0
11
6
2
2
0
2
0
0
0
0
0
2
0
2
0
2
1
0
0
0
0
0
P R I M E OUTSIDE NEW YORK 3 /
c
0
0
0
1
1
1
0
4
3
1
0
0
1
0
NONPRIME
c
0
0
1
2
2
2
0
5
2
I
2
0
I
0
-
500 OVER
1000
PRIME
I N NEW YORK 3 /
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL
3/
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S L»f DEPOSIT ARE REGARDED AS B E I N G OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
I N DENOMINATIONS Of
SICNOOO
Ot P C S I T S AS REPORTED I N THE CALL REPCRT
CR MORE ISSUED BY WEEKLY REPORTING BANKS.
CF CONDITION ON DECEMBER
31,
1965.
THE NUMBER OF BANKS I N T H I S TABLE DIFFERS FRCP THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
OUTSTANDINGS TO ZERO.
TABLE 5 E
CHANGE
I N OUTSTANDING NFGCTI ABLE T I M E
OVER THE MONTH AS A PER CENT
C E R T I F I C A T E S OF D E P O S I T
OF TOTAL
1/
DEPOSITS
AT THE B E G I N N I N G OF THE P E R I O D
27
SEP
1 9 6 7 TO 2 5
OCT
1967
I NUMBER OF BANKS)
DECLINES
TOTAL D E P O S I T S 2 /
I IN
ALL
MILLIONS
BANKS
CD'S
OF DOLLARS)
3t
AND
OVER
ISSUING
2
TO
3%
OF
1
TO
2%
INCREASES OF
1%
ANO
LESS
NO
CHANGE
U
AND
LESS
1
TO
2%
2
TO
3*
3X
AND
OVER
1
2
17
107
26
89
16
4
2
UNDER
200
0
0
6
33
16
34
4
0
0
200 -
500
0
0
7
36
7
26
6
1
1
500 -
1000
0
2
3
21
3
14
4
2
1
1
0
1
17
0
15
2
1
0
OVER
1000
PRIME
IN NEW YORK 3 /
0
0
C
3
0
4
0
0
0
PRIME
OUTSIDE NEW YORn 3 /
0
0
0
3
0
7
2
0
0
1
0
1
11
0
4
0
1
0
NONPRIME
1/
INCLUOES C E R T I F I C A T E S
2 /
TOTAL D E P O S I T S AS REPORTED
3/
p R i M F BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
I N DENOMINATIONS OF S1'"'. , . 10
IN
THE CALL REPORT
D E P O S I T S I N THE DENOMINATOR OF THE R A T I O
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .
OS MORE
ISSUEC
BY WEEKLY REPORTING
CF C O N D I T I O N ON CECEMBER
IN THIS
TABLE
ARE TOTAL
3 It
BANKS.
1965.
DEMAND AND T I M E
DEPOSITS,
INCLUDING
TABLE 5F
CHANGE I N OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
If
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
26
JUL 1 9 6 7 TO 25 OCT 1967
(NUMBER OF BANKS!
5%
AND
OVER
i IN M I L L I O N S OF DOLLARS)
ALL BANKS
CCS
INCREASES OF
DECLINES OF
TOTAL DEPOSITS 2 /
1
2
TC
3t
3
TO
4%
4
TO
5%
1%
AND
LESS
TO
2%
ISSUING
26
83
NO
CHANGE
It
AND
UNDER
1
TO
2%
3
2
TO
3*
73
32
18
5*
AND
OVER
4
TO
5*
TO
4*
1
0
2
3
9
28
4
28
11
4
1
0
2
0
0
2
I
12
31
1
14
11
5
4
1
I
0
0
0
2
2
14
1
16
7
5
1
0
2
0
0
0
2
3
10
0
15
3
4
0
0
0
0
0
0
1
1
2
0
3
0
0
0
0
0
PRIME OUTSIDE NEW YORK 3 /
0
0
0
0
1
2
0
7
1
I
0
0
0
NONPRIME
c
0
0
I
1
6
0
5
2
3
0
0
0
UN M R
200
2*0 -
300
#@# -
1000
OVBR
.
1000
PRIME
I N NEW YORK 3 /
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER
NOTE-
I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
DEPOSITS I N THE DENOMINATOR OF THE RATIO
INTERBANK AND U.S.. GOVERNMENT DEPOSITS.
OR MORE ISSUED BY WEEKLY REPORTING BANKS.
31t
1965.
I N T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
TABLE
6A
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 DEPOSIT 1 /
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 25 OCT 1 9 6 7
(AMOUNTS
C D ' S MATURING IN
ALL
DISTRICTS
BOSTON
NEW
YORK
1021.0
112.5
NOV
3459.6
DEC
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
132.1
9.4
10.8
28.8
43.5
163.9
127.7
396.5
80.7
43.9
94.1
217.4
510.2
75.9
87.7
480.6
75.5
54.9
74.8
224.4
615.7
219.3
57.5
83.2
488.4
67.1
55.4
67.8
251.1
455.9
39.5
105.1
28.1
46.3
249.6
45.5
25.5
22.3
80.3
244.7
536.1
47 . 6
128.1
38.1
60.0
200.6
33*1
18.8
34.5
95.2
201.5
70.0
430.7
41.0
177.0
19.4
21.0
192.2
21.6
28.4
43.2
99.9
218.1
525.9
18.8
243.8
15.3
35.2
4.8
11.2
75.5
9.4
7.4
6.2
21.6
76.7
J UN
543.7
46.5
211.0
24.4
37.8
5.7
16.6
82.1
5.7
6.5
12.8
22.4
72.2
'JUL
424.9
17.0
133.1
11.6
39.0
2.1
13.8
73.6
4.3
1.3
9.4
45.6
74.1
AUG
374.2
12.0
140.9
12.7
58.9
1.0
8.2
48.8
5.9
3.3
2.5
18.3
61.7
SEP
289.9
16.8
137.5
11.7
27.1
13.3
5.1
42.3
8.4
5.3
3.2
14.7
34.5
OCT
227.8
12.2
91.0
4.1
25. 1
1.7
3.B
44.6
2.8
1.8
4.3
10.9
25.5
NOV OR LATER
594.8
36.6
149.9
37.9
183.5
8.4
26.6
63.4
6.0
0.6
0.0
34.7
47.2
20106.8
1122.6
8300.2
592.1
1614.0
342.7
539.8
2570.3
375.4
263.9
403.9
1180.0
2801.9
AVERAGE MATURITY
I N MONTHS 2 /
3.4
3.1
3.1
3.8
4.6
3.1
3.4
3.6
3.2
3.2
2.9
3.5
3.3
NUMBER OF REPORTING
BANKS
266
19
17
22
35
21
25
36
PHILADELPHIA
CLEVELAND
RICHMOND
ATL ANTA
349.0
33.8
82.6
26.0
28.6
232.6
1371.9
115.7
208.2
60.7
4727.4
242.3
23 8 6 . 7
121.8
287. 1
1 9 6 8 JAN
3614.2
173.3
1620.2
75.0
FEB
1482.1
66.8
528.4
MAR
1458.8
65.2
APR
1362.5
MAY
1 9 6 7 OCT 26 -OCT
31
TOTAL *
1/
INCLUDES ONLY C E R T I F I C A T E S
2/
SEE TECHNICAL APPENDIX B .
*
I N M I L L I O N S OF DOLLARS)
ISSUED
18
48
I N DENOMINATIONS
D E T A I L S MAY NOT ADD TO TOTALS DUE TO ROUNDING.
11
CHICAGO
OF $ 1 0 3 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS.
TABLE 6B
1/
2/
SALES Of NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
*S OF 25 OCT 1 9 6 7
(AMOUNTS I N WILL IONS OF DOLLARS)
CD'S NATUR ING I N
ALL
01S
~
TR IC TS
YORK
PHI L A OELPHIA
CLEVELAND
RICHMONO
ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
FRSNCISCO
7 9 6 , 7
60.8
295.6
21.7
41.5
11 . 3
41.9
67.9
27.0
6.8
25.4
77.4
119.4
7 8 5
*°
56.4
404.4
28.0
66.1
7.5
15.4
63.3
12.2
7.4
6.3
29.8
88.2
1 9 6 8 JAN
1181.5
66.7
587.8
35.2
57.7
17.2
29.4
136.9
20.0
8.8
32.9
72.2
116.7
FEB
213.9
8.9
104.0
7.1
10.I
1.7
5.4
21.7
2.6
8.6
2.8
7.1
33.9
MAR
218.2
16.1
80.8
7.1
27.8
2.0
9.1
23.3
3.3
2.7
3.9
11.6
30.5
65
30.8
157.5
15.0
98.6
13.3
8.7
89.7
13.9
16.9
25.8
62.2
119.4
5.2
8.8
1.9
2.4
14.4
2.0
5.8
0.1
4.3
18.6
0.6
0.3
7.2
0.1
3.5
0.4
0.7
6.0
3.7
0.7
0.6
8.6
0.8
0.0
1.2
5.3
4.3
U3
0.2
0.1
1.3
0.0
1.0
0.0
1.4
1.8
1.4
5.3
1.4
1.3
0.8
2.2
4.8
1967 NOV
°
EC
T 0 T A L
** *
MAV
1 2 7 , 2
4 , 2
5 S
J 0 N
5 1 , 0
2 , 4
2 5 , 6
5 0 - 8
3 , 9
20.4
AUG
1 6 , 6
0 , 5
8 , 2
SEP
3 4 , 3
1 , 6
1 2 , 9
OCT OR LATER
*
AVERAGE MATURITY
* * MONTHS 3 /
'5
1.3
I
0
.
2
6.9
7C.9
1.8
13.9
1.6
2.4
52.7
5.3
1.9
3.3
9.2
25.1
4327.0
2 59.2
1827.6
125.2
339.1
58.2
117.1
492.3
88.6
64.7
102.9
283.4
568.7
3.0
3.2
3.1
4.0
3.5
2.6
4.3
3.3
4.5
3.4
3.3
3.6
^
SEE TECHNICAL APPENDIX A .
2/
INCLUDES ONLY C E R T I F I C A T E S
3/
SEE TECHNICAL APPEND I X B .
^
ISSUED I N DENEMINAT ICNS OF $ 1 0 3 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS.
DETAILS MAY NOT ADO TO TOTALS OLE TO ROUNDING.
0 , 4
200.0
If
*
NEW
BOSTON
TABLE 6C
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT 1 /
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS CF 25 OCT 1 9 6 7
(PERCENTAGE D I S T R I B U T I O N )
C D ' S MATURING I N
ALL
01 s TRICTS
BOSTON
5.1
10.0
NOV
17.2
DEC
23.5
1 9 6 7 OCT
2 6-OCT
31
KANSAS
C I TY
DALLAS
FRANCISCO
5.1
2.5
4.1
7.1
3.7
5.8
23.7
15.4
21.5
16.6
23.3
18.4
18.2
22.1
16.2
18.7
20.1
20.8
18.5
19.0
22.0
13.6
16.8
15.4
19.0
17.9
21.0
16.8
21.3
16.3
12.1
9.7
5.5
6.8
8.7
7.1
8.5
8.1
7.2
RICHMOND
ATL AN TA
4.2
5.7
5.1
7.6
5.3
20.7
16.5
19.5
12.9
17.7
21.6
28.8
20.6
17.8
15.4
19.5
12.7
CHICAGO
FEB
7.4
6.0
6.4
6.7
6.5
8.2
8.6
9.7
MAR
7.3
5.8
6.5
8.0
7.9
11.1
11.1
7.8
APR
6.8
6.2
5.2
6.9
11.0
5.7
3.9
7.5
5.8
10.8
10.7
8.5
7.8
MAY
2.6
1.7
2.9
2.6
2.2
1 .4
2.1
2.9
2.5
2.8
1.5
1.8
2.7
J UN
2.7
4.1
2.5
4.1
2.3
1.7
3.1
3.2
1.5
2.5
3.2
1.9
2.6
JUL
2.1
1.5
1 .6
2.0
2.4
0.6
2 .6
2.9
1.1
0.5
2.3
3.9
2.6
AUG
1.9
1.1
1.7
2.1
3.6
0.3
1.5
1.9
1.6
1.3
0.6
1.6
2.2
SEP
1.4
1.5
1 .3
2.0
1.7
3.9
0.9
1.6
2.2
2.0
0 .
8
1.2
1.2
OCT
1.1
1.1
1.1
0.7
1.6
0.5
0.7
1.7
0.7
0.7
1.1
0.9
0.9
NOV OR LATER
3.0
3.3
1.8
6.4
11.4
2.5
4.9
2.5
1.6
0.2
0.0
2.9
1.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100 . 0
*
INCLUDES ONLY C E R T I F I C A T E S
ISSUED I K DENOMINATIONS OF $ 1 0 0 , 0 0 0
00
1/
MINNEAPOLIS
CLEVELAND
CO
TOTAL
o
00
1 9 6 8 JAN
ST.
LOUIS
PHILAOELPHIA
NEW
YORK
OR MORE BY WEEKLY REPORTING BANKS.
TABLE 6 0
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 DEPOSIT
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 25 OCT
1/
1967
(CUMULATIVE PERCENTAGE!
C D ' S MATUR ING
IN
1 9 6 7 OCT 2 6 - O C T
31
ALL
DI S TRICTS
BOSTON
5.1
10.0
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA
4.2
5.7
5.1
7.6
5.3
NEW
YORK
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
5.1
2.5
4.1
7.1
3.7
5.8
CHICAGO
NOV
22.3
30.7
20.7
25.2
18.0
25.3
29.0
20.5
24.0
20.7
30.4
22.1
24.0
DEC
45.8
52.3
49.5
45.A
35.8
47.4
45.2
39.2
44.1
41.5
48.9
41.1
46.0
1968 JAN
63.8
67.7
69.0
58.5
49.4
64.2
60.6
58.2
62.0
62.5
65.7
62.4
62.3
FEB
71.2
73.7
75.4
65.2
55.9
72.4
69.2
67.9
74.1
72.2
71.2
69.2
71.0
MAR
78.5
79.5
81.9
73.2
63.8
83.5
80.3
75.7
82.9
79.3
79.7
77.3
78.2
APR
85.3
85.7
87.1
80.1
74.8
89.2
84.2
83.2
88.7
90.1
90.4
85.8
86.0
MAY
87.9
87.4
90.0
82.7
77.0
90.6
86.3
86.1
91.2
92.9
91.9
87.6
88.7
J UN
90.6
91.5
92.5
86.8
79.3
92.3
89.4
89.3
92.7
95.4
95.1
89.5
91.3
JUL
92.7
93.0
94.1
88.8
81.7
92.9
92.0
92.2
93.8
95.9
97.4
93.4
93.9
AUG
94.6
94.1
95.8
90.9
85.3
93.2
93.5
94.1
95.4
97.2
98.0
95.0
96.1
SEP
96. C
95.6
97.1
92 . 9
87.0
97.1
94.4
95.7
97.6
99.2
98.8
96.2
97.3
OCT
S7.1
96. 7
98.2
93.6
98.6
97.6
95.1
97.4
98.3
99.9
99.9
97.1
98.2
100.0
100.0
I 00.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
NOV OR LATER
1/
INCLUDES ONLY C E R T I F I C A T E S
ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
OR MORE BY WEEKLY REPORTING BANKS.
TABLE
6E
1/
2/
SALES OF NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 25 OCT 196 7
(PERCENTAGE D I S T R I B U T I O N !
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
13.8
30.5
10.5
24.7
27.3
21.0
13.2
12.9
13.8
11.4
6.1
10.5
15.5
29.6
25.1
27.8
22.6
13.6
32.0
25.5
20.5
3.0
2.9
4.6
4.4
2.9
13.3
2.7
2.5
6.0
5.7
8.2
3.4
7.8
4.7
3.7
4.2
3. 8
4.1
5.4
8.6
12.0
29.1
22.9
7.4
18.2
15.7
26.1
25.1
21.9
21.0
1.6
3.3
4.2
2.6
3.3
2.0
2.9
2.3
9.0
0.1
1.5
3.3
1.2
0.9
1.4
0.3
1.1
1.0
0.3
1.5
0.1
5.4
0.4
0.2
1.1
JUL
1.2
1.5
1.1
1.0
1.1
1.2
0.5
1.7
0.9
0.0
1.2
1.9
0.8
AUG
0.4
0.2
0.4
0.6
0.4
0.3
0.1
0.3
0.0
1.5
0.0
0.5
0.3
SEP
0.8
0.6
0.7
1.3
0.2
0.3
1.2
1.1
1.6
2.0
0. 8
0.8
0 .8
OCT OR LATER
4.6
2.7
3.9
1.4
5.6
2.7
2.0
10.7
6.0
2.9
3.2
3.2
4.4
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
ALL
01 s TRICTS
BOSTON
1967 NOV
18.4
23.5
DEC
18.1
1 9 6 8 JAN
C D ' S MATURING I N
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA
16.2
17.3
12.2
19.4
35.8
21.8
22.1
22.4
19.5
12.9
27.3
25,7
32.2
28.1
17.0
FEB
4.9
3.4
5.7
5.7
MAR
5.0
6.2
4.4
APR
15.1
11.9
MAY
2.9
J UN
TOTAL *
1/
SEE TECHNICAL APPENDIX A .
2/
INCLUDES ONLY C E R T I F I C A T E S
NOTE *
NEW
YORK
ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
SALES I N T H I S TABLE ARE NOT ADJUSTED FOR C D ' S
D E T A I L S MAY NOT ADD TO TOTALS OLE
TO ROUNDING.
CHICAGO
OR MORE BY WEEKLY REPORTING BANKS.
THAT HAVE MATURED.
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 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