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September 20, 1967 L.4.1 CONFIDENTIAL (FR) ( c " / " SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF August 30, 1967 NOTE: Sales since the previous survey and comparisons with the previous data reflect a revision in the July series whereby $4.4 million in outstandinginegotiable CD's have been eliminated from the series due to a reporting error Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System. TABLE i 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 TIME C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING AS U F CD'S MATURING AfrCUNT (MILLIONS CF DOLLARS) IN 30 A U G AT BANKS 1967 PERCENTAGE DI STRI BUT ION CUMULATIVE PERCENTAGE SALES S I N C E P R E V I O U S M O N T H 2/ ( M I L L I C N S OF D O L L A R S ) 336.0 1.6 1.6 SEPTEMBER 5,106.2 24.6 26.2 1,133.2 OCTOBER 3,614.2 17.4 43. 6 895.4 NOVEMBER 2 ,326.1 11.2 54.8 1,049.9 DECEMBER 2.715.5 13.1 67.9 621.4 2,382.4 10.0 77.9 400.6 1.117.6 5.4 83.3 648.8 MARCH 739.2 3.6 86. 9 169.6 APRIL 603.8 2.9 89.8 129.6 MAY 367.8 1.8 91.6 61.1 JUNE 416.1 2.0 93.6 41.6 JULY 333.3 1.6 95.2 49.8 AUGUST 318.5 1.5 96. 7 OVER 66 3.8 3.2 100.0 XXX 20 ,740.6 100.0 XXX 5,539.7 1967 A U G U S T 31 1968 J A N U A R Y FEBRUARY 12 M O N T H S TOTAL (MEMORANDUM: SEPTEMBER SEPTEMBER 11 15 318.8 1,139.9 1/ INCLUDES ONLY CERTIFICATES 2/ SEE TECHNICAL APPENDIX 3/ SALES OF C D ' S M A T U R I N G IN D E N O M I N A T I O N S A. AFTER 11 M O N T H S . TAX AND .0 3 3 7 . 6 3/ CIVIDEND M A T U R I T I E S ) 1.5 5.5 CF $ 1 0 0 , 0 0 0 OR M O R E XXX XXX ISSUED BY W E E K L Y 66.3 99. 7 REPORTING BANKS. TABLE 2A 1/ MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G 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 N E W Y C R K C I T Y , C H I C A G O , A N D ALL O T H E R W E E K L Y R E P O R T I N G AS OF 30 AUG (IN M I L L IONS O F NEW CD'S 1967 1968 M A T U R ING ALL AMCUNT 2/ - SALES PREVIOUS SINCE MONTH OTHER WEEKLY AMCUNT 2/ - REPORTING SALES PREVIOUS .C .3 9.7 SEPTEMBER 1,954.e 32 7.2 364.1 86. 1 ? ,787.3 720.2 OCTOBER 1,278.5 299.4 272.9 69.9 2,062.8 526.8 NOVEMBER 833.5 380.6 150.2 51.1 1,342.4 618.4 DECEMBER 1,C7C.8 280.0 243.3 12.5 1 ,401.4 329.0 JANUARY 738.6 142.5 264.5 67. 4 1 ,079.3 190. 5 FEBRUARY 265. 8 155. b 137.6 69. 1 714.2 4 2 3 .4 MARCH 226.9 51.7 83.2 2 3.3 429. 1 94.9 APRIL 184.6 32.5 64.6 21.6 354.6 74.8 MAY 152.8 26.4 30.5 3.0 184.5 31.7 JUNE 134. 7 18 .9 5C.2 1.4 231.2 21.6 JULY 81.5 15. 1 37 .5 6. 1 214.3 28.7 22.9 11.2 136.8 181.0 AUG 31 /3 AUGUST 1C8. 8 145.4 OVER 151.5 XXX 30.4 XXX 481.9 XXX 7,314.0 1 ,875.3 1,761.6 422.6 11 , 6 6 4 . ° 3,241.0 12 M O N T H S NUMBER OF * REPORTING /3 19 5.1 TAX (MEMORANDUM: SEPTEMBER SEPTEMBER 1/ INCLUDES ONLY CERTIFICATES 2/ SEE TECHNICAL APPFNDIX A. 3/ SALES OF C D ' S MATURING AFTER TOTALS MAY NOT ADD DUE TO IN D E N O M I N A T I O N 11 AND MONTHS. ROUNDING. OF CIVIOENU MATURITIES) $100,000 CR MCRE ISSUED 16 8 . 7 6.^6.9 1 .7 6.6 22.1 10 6 . 7 18.3 31.6 12 8. C 576. 3 11 15 243 11 12 BANKS BY W E E K L Y REPORTING BANKS. BANKS SINCE MONTH 131.2 AUG TOTAL * DOLLARS ) CHICAGO SINCE MONTH AT 1967 CITY SALES PREVIOUS AMCUNT IN YORK Uh D E P O S I T BANKS 46.4 61.6 /3 2/ TABLE 28 , - 1/ M A T U R I T Y D I S T H I B L T I C N CF 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 AT NEk YORK C I T Y , C H I C A G O , AND ALL OTHER AS OF 30 AUG 1967 ANC 26 JUL (PERCENTAGE 1967 DISTRIBUTION) NEW YCRK CITY CD'S MATURING WEEKLY R E P O R T I N G B A N K S CHICAGO ALL OTHER IN 30 AUG 0-6 DAYS 2/ 26 JUL 30 AUG 26 JUL 30 AUG 26 JUL 1 .8 3.3 .6 3.0 1.7 4.6 01 M O N T H S 3/ 26.7 21.0 20.7 16 .2 23.9 20.8 02 M O N T H S 17.5 23.2 15.5 16.9 17. 7 18.7 03 M O N T H S 11.4 14.0 8.5 12.3 11.5 13.9 04 M O N T H S 14.6 6.5 13.8 6 .0 12. C 6.6 05 M O N T H S 10.1 11.3 15.0 14.0 9.2 9. 7 06 M O N T H S 3.6 8.5 7.8 12.0 6. 1 8.1 07 M O N T H S 3.1 1.6 4.7 4.2 3. 7 2.6 08 M O N T H S 2.5 2.5 3.7 3.6 3.0 3.0 09 M O N T H S 2.1 2.2 1.7 2.6 1.6 2.5 IC M Q N T H S 1.8 1.8 2.8 1.7 2.0 1.4 1 1 MONTHS 1.1 1.7 2.1 3.0 1. 8 1.9 12 M O N T H S 1 .5 .9 1.3 1.9 1.6 1.7 2.1 1.6 1.7 2.6 4. 1 4.4 100.0 100 .0 100.0 100.0 100.0 100.0 OVER 12 M O N T H S TOTAL. * 1/ I INCLUDES 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 , 000 OR M O R E 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 R E M A I N I N G IN SURVEY M O N T H . THIS P E R I O D V A R I E S WITH THE F O L L O W I N G THE LAST WEDNESDAY CF T H E M O N T H . 3/ N U M B E R OF MONTHS FOLLOWING http://fraser.stlouisfed.org/* T O T A L S MAY NOT Federal Reserve Bank of St. Louis THE SURVEY ADD DUE TO R O U N D I N G . fONTH. NUMBER OF DAYS TABLE 2 C 1/ frATUHI TV DISTRIBUTION NEW YORK OF OUTSTANDING CITY, CHICAGO, AS OF 30 NEGOTIABLE AND AUG ALL 1967 (CUMULATIVE NEW rni U U CJ MA nflT11 UitiM TfNMr v 1IINKi 30 2 / AT BANKS 1967 CHICAGO JUL 30 AUG ALL 26 JUL 3 C OTHER AUG 26 JUL 1 . 8 3 . 3 .6 3 . 0 1 . 7 4. 6 2 8 . 5 2 4 . 3 2 1 . 3 1 9 . 2 2 5 . 6 2 5 . 4 02 MONTHS 4 6 . 0 4 7 . 5 3 6 . 8 3 6 . 1 4 3 . 3 4 4 . 1 03 MONTHS 57 .4 6 1 . 5 4 5 . 3 4 8 . 4 54. 8 5 8 . 0 04 MONTHS 7 2 . 0 6 8 . 0 5 9 . 1 54 .4 66. 8 6 4 . 6 3 5 MONTHS 8 2 . 1 7 9 . 3 7 4 . 1 6 8 . 4 7 6 . 0 7 4 . 3 06 MONTHS 8 5 . 7 8 7 . 8 8 1 . 9 8 0 . 4 8 2 . 1 8 2 . 4 07 MONTHS 8 8 . 8 8 9 . 4 8 6 . 6 8 4 . 6 8 5 . 8 C8 MONTHS 9 1 . 3 9 1 . 9 9 0 . 3 8 8 . 2 88. 8 8 8 . 0 09 MONTHS 9 3 . 4 9 4 . 1 9 2 . 0 9 0 . 8 SC.4 9 0 . 5 10 MONTHS 9 5 . 2 9 5 . 9 9 4 . 8 9 2 . 5 9 2 . 4 9 1 . 9 11 MONTHS 9 6 . 3 97 .6 9 6 . 9 9 5 . 5 94. ? 9 3 . 8 12 MONTHS 9 7 . 8 9 8 . 5 9 8 . 2 9 7 . 4 9 5 . 8 9 5 . 5 1 0 0 . c 100 .0 1 0 0 . 0 100 .0 1 0 0 . 0 100.0 MONTHS INCLUDES CNLY CERTIFICATES IN OENCMNAT ICNS OF $100, COO OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2 / 3 / NUMBER OF DAYS REMAINING FOLLOWING THE NUMBER MONTHS CF LAST IN SURVEY WEDNESDAY FCLLCWING OF THE THE MONTH. THIS MCNTH. SURVEY MONTH. PERIOD VARIES WITH THE NUMBER OF o MONTHS 1 2 3 / 26 JUL REPORTING DEPOSIT C I S T R I B U T ION ) CITY AUG 26 WEEKLY OF 01 OVER 1/ DAYS ANC CERTIFICATES 00 in 0—6 YCRK OTHER TIME DAYS TABLE 3A MATURITY D I S T R I B L T I C 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 OF AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E O F B A N K S 2/ AS OF 30 AUG 1 9 6 7 ( A M O U N T S IN M I L L I O N S O F D O L L A R S ) DEPOSIT $1 - CD'S M A T U R ING 1967 AUG IN 31 TOTAL $200 MILLION AND UNDER $500 $200 MILLION TO $ 5 0 0 M I L L ION $1 M ILL ION TO BILLION 1/ BILLION - AND OVER PRIME TOTAL 3/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CI TY 335.9 25.3 40.3 69.4 200. S 117.5 46.3 37.1 SEPTEMBER 5»1 C 6 . 2 209.2 579.7 746.9 3,570.4 1,857.5 1,074.3 638.6 OCTOBER 3,614.2 151.1 429.1 549.3 2,484.7 1,197.6 813.9 473.2 NOVEMBER 2,326.2 118.6 277.0 367.7 1,562.9 801.5 447.1 314.3 DECEMBER 2,715.5 100.8 222.8 311.4 2,080.5 1,013.2 723.1 344.2 2,082.4 80.6 213.1 313.6 1,475.1 7C7.8 496.2 271.1 1,117.4 55.9 147.1 207.3 707. 1 247.0 316.5 143.6 MARCH 739.2 16.9 62.7 143.1 516.5 210.3 184.4 121.8 APRIL 6C3.7 19.9 63.0 85.6 435.2 171.4 155.0 108.8 MAY 367.7 11.1 32.3 42.7 281.6 148.9 94.1 38.6 JUNE 416.1 17.0 46.1 71.7 281. 3 125.3 105.8 50.2 JULY 333.3 13.3 34.3 57.0 228. 7 75.6 92.0 61.1 AUGUST 318.4 6.5 66. 1 33.9 211.9 98.6 69.5 43.8 SEPTEMBER OR L A T E R 663.8 9.1 56.2 109.3 489.2 143.3 258.6 87.3 835.3 2,269.8 3,108.9 14,526.C 6,915.5 4,876.8 2,733.7 1968 J A N U A R Y FEBRUARY TOTAL * 20,740.C w I ncnunw»iUUn# TAX i Mrt / n T w r n elm r i u cm u u t m o ittct i-i m i urs I I i 1t SEPTEMBER 11 318. 8 10.4 26.6 50.4 2 31.4 124.1 57.8 49.5 SEPTEMBER 15 1,139.7 28.3 75.5 96.6 949.3 564.3 303.2 81.8 12 18 (MEMORANDUM: 266 95 NUMBER 84 OF BANKS) — 50 37 1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 0« M O R E I S S U E D EY W E E K L Y R E P O R T I N G B A N K S . 2 / T O T A L D E P U 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 O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 . 3/ PR M E B A N K S A < E T H O S t 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 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 B A S I S P O I N T S CF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . * T O T A L S V A Y N O T A D D D U E TO R O U N D I N G . QUALITY AND WHICH ARE TABLE 3B SALES /!/ OF N E G O T I A B L E T I ME C E R T I F I C A T E S O F D E P O S I T S I N C E P R E V I O U S AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E O F B A N K S 3 / AS CF 3 0 AUG 1 9 6 7 ( A M O U N T S IN M I L L I O N S O F C O L L A R S ) $1 - CD'S MATURING 1967 AUG IN TOTAL $200 MILLION AND UNDER $200 $500 MILLION TC MILLION $500 MILLION TO $ 1 B I L L ION MONTH 2/ BILLION OVER PRIME 4/ - AND OUTSIDE NEW Y O R K CITY NON-PRIME NEW YORK CI TY TOTAL 31 SEPTEMBER 1 ,133.2 62.3 158.5 211.3 701.1 298.7 212.2 190.2 895.4 29.7 100.7 120.8 644.2 268.4 256.6 119.2 NOVEMBER 1 T050.1 63.3 133.8 169.8 683.2 363.0 178.0 142.2 DECEMBER 621.5 15.1 31.4 68.1 506.9 252.4 147.5 107.0 400.5 13.2 28.0 63.8 295.5 137.5 117.3 40.7 FEBRUARY 648. 7 39.1 95.7 128.6 385.3 141.1 133.3 110.9 MARCH 169.6 2.5 15.1 29.2 122.8 40.5 46.8 35.5 APRIL 129.5 1.5 9.8 21.8 96.4 32.0 33.0 31.4 MAY 61.2 0.7 8.2 11.1 41.2 22.6 10.7 7.9 JUNE 41.7 0.4 4.5 7.9 28.9 18.9 3.2 6.8 JULY 49.9 0.8 6.9 8.5 33.7 13.2 11.6 8.9 337.5 8.3 73.7 45.5 210.0 127.3 38.9 43.8 5 ,538.8 236.9 666.3 886.4 3,749.2 1,715.6 1 ,189.1 844.5 OCTOBER 1968 J A N U A R Y AUGUST OR LATER TOTAL * TAX m a tf i icc 4iMn tlNU nrur U I V ncKir i UlINu lfild 1t tUK 11i1 Co I ~ SEPTEMBER H 66.4 2.6 8.8 14.C 41.C 17.1 10.9 13.0 SEPTEMBER 15 99.5 4.7 21.3 23.9 49.6 25.9 11.8 11.9 7 12 18 C rQ A MiiMRCO 1 lU HOCKilU DNAlriMllX.C J1 1 (MEMORANDUM: 266 95 84 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 S OF $ 1 0 0 , 0 0 0 CP M C F E I S S U E C EY W E E K L Y R E P O R T I N G B A N K 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 I N T H E C A L L R E P O R T O F C O N D I T I O N ON D E C E M B E R 3 1 , 1 9 6 5 . 4/ 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 T H E H I G H E S T R E P O R T E D B Y D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S CF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . * TOTALS MAY NOT ADD DUE TO ROUNDING. QUALITY AND WHICH ARE TABLE MATURITY 3C D I S T R I B U T I O N CF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E U F B A N K S 2/ AS OF 3 0 A U G 1 9 6 7 PERCENTAGE DISTRIBUTION OF DEPOSIT $1 - CC« S M A T U R I N G 1968 * f* r* r- $200 MILLION AND UNDER $200 MILLION T0 $500 MILLION $1 MILLION TO BILLION - PRIME TOTAL NEW YORK CI TY 3/ OUTSIDE NEW YORK CITY NCN-PRIME 1.8 2.2 1.4 1.7 0.9 1.4 SEPTEMBER 24.6 25.0 25.5 24.0 24.6 26.9 22.C 23.4 OCTOBER 17.4 18.1 18.9 17.7 17.1 17.3 16.7 17.3 NOVEMBER 11.2 14.2 12.2 11.8 10.8 11.6 9.2 11.5 DECEMBER 13.1 12.1 9.8 10.0 14.3 14. 7 14.8 12.6 JANUARY 10.0 9.6 9,4 10.1 10.2 10.2 10.2 9.9 FEBRUARY 5.4 6.7 6.5 6.7 4.9 3.6 6.5 5.3 MARCH 3.6 2.0 2.8 4.6 3.6 3.0 3.8 4.5 APRIL 2.9 2.4 2.8 2.8 3.C 2.5 3.2 4.0 MAY 1.8 1.3 1.4 1.4 1.9 2.2 1.9 1.4 JUNE 2.0 2.0 2.0 2.3 1.9 1.8 2.2 1.8 JULY 1.6 1.6 1.5 1.8 1.6 1.1 1.9 2.2 AUGUST 1.5 0.8 2.9 1.1 1.5 1.4 1.4 1.6 SEPTEMBER OR L A T E R 3.2 1.1 2.5 3.5 3.4 2.1 5.3 3.2 100.0 100.0 100.0 1C0.0 100.0 100.0 100.0 * 100.0 I r~ y n n A III • <* T AAINVU U1V1U CM u nM 1 vf> 11 ilj i SEPTEMBER 11 1.5 1.2 1.2 1.6 1.6 1.8 1.2 1.8 SEPTEMBER 15 5.5 3.4 3.3 2.8 6.5 8.2 6.2 3.0 1/ INCLUDES CERTIFICATES IN D E N O M I N A T I O N S OF $100,000 OR MORE ISSUEC BY W E E K L Y REPORTING BANKS. V , J S K E B A N K S' AR E^ T H O S E ^ W H O S E 1 N E G O T I A B L E C E R T I F I C AT E S ^ U F ^ D E P O S IT ^ A R E ^ R E G A R O E D ^ A S ^ B E I N G O F T H E H I G H E S T R E P O R T E D B Y D E A L E R S TO T R A D E W I T H I N I C R 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . * AND OVER 3.0 31 TOTAL f' $500 BILLION 1.6 1967 AUG r. TOTAL IN 1/ TOTALS MAY NOT ADD DUE TO R O L N D I N G . QUALITY AND WHICH ARE * TABLE 30 MATURITY D I S T R I B U T I O N 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 AT W E E K L Y R E P O R T I N G B A N K S B Y SIZE OF B A N K S 2/ AS OF 3 0 AUG 1 9 6 7 CUMULATIVE PERCENTAGE OF DEPOSIT SI C C S MATURING IN TOTAL $203 MILLION AND UNDER $200 $500 HLLICN TC MILLION $ 5 0 0 M I L L ION TO $1 BILLION 1/ BILLION AND OVER PRIME TOTAL NEW YORK CI TY 1967 1968 AUG 31 1 .6 3/ OUTSIDE NEW Y O R K CITY N O N - P R IKE 3.0 1.8 2.2 1.4 1.7 0.9 1.4 SEPTEMBER 26.2 28.0 27.3 26.2 26.C 28.6 22.9 24.8 OCTOBER 43.6 46 . 1 46.2 43.9 43.1 45.9 39.6 42.1 NOVEMBER 54. 8 60.3 58.4 55.7 53.9 57.5 48.8 53.6 DEC E M B E R 67.9 72.4 68.2 65.7 68.2 72.2 63.6 66.2 JANUARY 77.9 82.0 77.6 75.8 78.4 82.4 73.8 76.1 FEBRUARY 83.3 88.7 84.1 82.5 83.3 86. C 80.3 81.4 MARCH 86.9 90.7 86.9 87.1 86.9 89.0 84.1 85.9 APRIL 89.8 93.1 89.7 89.9 89. S 91.5 8 7 .3 89. 9 MAY 91.6 94.4 91.1 91.3 91.8 S3. 7 89.2 91.3 JUNE 93.6 96.4 93.1 93.6 93.7 95.5 91.4 93.1 JULY 95.2 98.0 94.6 95.4 95.3 96.6 93.3 95.3 AUGUST 96.7 98.8 97.5 96.5 96.8 98.0 94.7 96.9 1CC.0 100.0 100.0 100 .0 10C.C 1CC.C 100.0 100.0 SEPTEMBER OR 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 $ 1 0 0 , 0 0 0 CR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S . 2 / 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 C R T CF C C N D I T I C N CN D E C E M B E R 31, 1 S 6 5 . 3/ P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G O F 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 B A S I S P O I N T S OF E A C H C T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . QUALITY AND WHICH ARE TABLE 3E SALFS /I / OF (NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 3/ AS OF 30 AUG 1 9 6 7 PERCENTAGE DISTRIBUTION MCNTH $1 C C S MATURING 1 9 6 7 AUG 1968 IN TOTAL $200 Ml L L I G N AND UNDER $500 MILLION TC MILLION $500 $1 MILLION TO BILLION 2/ BILLION AND PRIME TOTAL OVER 4/ OUTSIDE NEW Y O R K CITY N G N - P R IPE NEW YORK CI TY 11 SEPTEMBER 2C.5 26.3 73.8 23.8 18.7 17.4 17.8 22.5 OCTOBER 16.2 12.5 15.1 13.6 17.2 15.6 21.6 14.1 NOVEMBER 19.0 26.7 20.1 19.2 18.2 21.2 15.C 16.8 DECEMBER 11.2 6.4 4.7 7.7 13.5 14.7 12.4 12.7 7.2 5.6 4.2 7.2 8.0 9 .9 4.8 11.7 16.5 14.4 14.5 8.2 11.2 13.1 MARCH 3.1 1.1 2.3 3.3 3. 3 2.4 3.9 4.2 APRIL 2.3 0.6 1.5 2.5 2.6 1.9 2.8 3.7 MAY 1.1 0.3 1.2 1.3 1.1 1.3 0.9 0.9 JUNE 0.8 0.2 0.7 0.9 0. 8 1.1 0.3 0.8 JULY 0.9 0.3 1 .0 1.0 0. 9 0.8 1.0 1.1 AUGUST OR L A T E R 6.1 3.5 11 . 1 5.1 5.6 7.4 3.3 5.2 100.0 100.0 100.0 100.0 100.0 1C0.0 100.C 100.0 JANUARY F EBRUARY TOTAL * (MEMORANDUM: TAX AND CIVIDENC 7. 9 10.3 MATURITIES) SEPTEMBER 11 1.2 1.1 1.3 1.6 1.1 1.0 0.9 1.5 SEPTEMBER 15 1.8 2.0 3.2 2.7 1.3 1.5 1 .0 1.4 (MEMORANDUM: 266 95 NUMBER 84 OF BANKS) 50 37 1/ SEE T E C H N I C A L A P P E N O l X A. 2/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 3 0 CP M O R E I S S U E C BY W E E K L Y R E P O R T I N G B A N K 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 I N THE C A L L R E P C R T OF C O N D I 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 O S E W H O S E NEG C TI 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 T H E H I G H E S T R E P O R T E D B Y D E A L E R S fO T R A D E W I T H I N 1 CR 2 B A S I S P O I N T S C 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 . * T O T A L S M A Y N O T A D D OUtr TO R O U N D I N G . 12 QUALITY AND WHICH 18 ARE TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE AT WEEKLY TIME CERTIFICATES OF REPORTING AT V A R I O U S SURVEY DEPOSIT 1/ BANKS DATES ( IN M O N T H S ) DATE OF BANK CLASSIFICATION 30 AUG 1967 26 JUL SURVEY 2 8 J UN 1 9 6 7 19 6 7 (BY L O C A T ION ) ALL REPORTING BANKS 3.4 3.6 3.5 3.2 3.3 3.4 CHICAGO 3.8 4.1 3.8 OTHER 3.6 3.7 3.5 ISSUING NEW YORK CD'S CITY (BY UNDER $20C $2 C O - $ 5 CO MILLION MILLION S5C0-$1TOCC OVER $1 MILLION BILLION PRIME IN NEW PRIME OLTSIDE YORK CITY 3/ NEW YORK CITY 3/ NCN-PRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH B A N K S ARE THOSE ARE REPORTED BY CERTIFICATES AS IN B A N K ) 2/ 3.0 3.2 2.9 3.4 3 .4 3.2 3.5 3 .6 3.4 3.5 3.6 3.6 3.2 3.3 3.5 3.8 4 .2 4.1 3.4 3.6 IN D E N O M I N A T I O N S REPORTED SIZE OF THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF $100,000 R E P CRT CF CF MORE CCNDITION ISSUED ON BY WEEKLY CECEMBER 3 IT REPORTING BANKS. 1965. C E R T I F I C A T E S C F D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 CR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . TABLE 4R AV ER A G E tiATUR ITY OF NEGOTIABLE SOLC TIME BV DURING CERTIFICATES WEEKLY THE MCNTH IF REPORTING OF DEPOSIT 1/ BANKS VARIOUS SURVEYS (IN M O N T H S ) CATE OF BANK SURVEY CLASSIFICATION 30 AUG 1967 26 JUL 1967 28 JUN 1967 ( 9Y L O C A T I O N ) ALL REPORTING I SSLING BANKS 3.5 3.5 3.2 3.7 3.1 3.C CHICAGO 3.7 4.3 4.1 OTHER 3.4 3.7 3.3 NEW YORK CCS CITY (BY UNDER $200 $200-$500 MILLION MILLION $5C0-S1,CCO OVER SI MILLION BILLION PRIME IN NEW PRIME OLTSIDE YORK CITY 3/ NEW YORK CITY 3/ NON-PRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS 3/ PR IME WHICH B A N K S ARE T H O S E ARE R E P O R T E D BY AS IN D E N O M I N A T I O N S REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A C E N O T E — S E E T E C H N I C A L A P P E N D I X B. OF $100,000 REP CRT CF OR SIZE OF B A N K ) 2/ 3.0 3.8 3.3 3.8 3.5 3.4 3.5 3.8 3.3 3.5 3.5 3.2 3.7 3.1 3.0 3.4 3.9 3.5 3.6 3.6 3.1 MORE CONDITION ISSUED ON BY W E E K L Y CECEMBER 31, REPORTING BANKS. 1965. C E R T I F I C A T E S CF D E P O S I T A R E R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D W I T H I N I CR 2 B A S I S P O I N T S O F E A C F O T H E R W I T H I N T H E S E C C N D A R Y M A R K E T . TABLE R A T I O OF OUTSTANDING NEGOTIABLE TO TOTAL AT V A R I O U S (PER 5A TIME C E R T I F I C A T E S OF T O T A L D E P O S I T S 2/ M I L L I O N S OF D O L L A R S ) ALL BANKS CD'S 3H AUG ISSLING SURVEY DATES CENT) 1967 10.6 10.C 28 JUN 1967 9.9 5. 9 5 .8 5.7 2 0C 5CC 8.1 7.7 7.6 1000 8.8 8. 1 8.2 12.3 11.5 11.4 15.4 14.5 14.2 9.8 9. 1 9.1 - 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NUNPRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL 2 6 JUL 2 00 OVER NOTE- 1967 SURVEY UNDER 500 - 3 / PR IMF WHICH 1/ DEPOSITS DATE OF (IN DEPOSIT DEPOSITS AS 11.7 IN D E N O M I N A T I O N S REPORTED B A N K S ARE THOSE ARE R E P O R T E D BY IN T H E CALL WHOSE N E G O T I A B L E D E A L E R S TO T R A D E OF 11.0 $100,000 REPCRT CF OR MORE CONCITION ISSUED ON 10. 8 BY W E E K L Y DECEMBER 31, REPORTING BANKS. 1965. C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G OF THF H I G H E S T Q U A L I T Y A N D W I T H I N 1 CP 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 . D E P O S I T S IN THE D E N O M I N A T O R OF T H E R A T I C INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE R A T I O OF OUTSTANDING NFGCT lABLfc T I M E TC TCTAL AS OF (IN ALL DEPOSITS MILLIONS BANKS CD'S CF 5% CR LESS 2/ DOLLARS) 5 TC 10% C E R T I F I C A T E S OF DEPOSIT 1/ DEPOSITS 3f> AUG (NUMBER TOTAL 5B OF 1967 BANKS) 15 TO 20% 10 TO 15% 20 TO 2 5% 25% OR MORE AVERAGE CD TC D E P O S I T R A T I O (PER C E N T ) ISSUING 105 69 58 25 6 3 in. 6 50 26 13 6 0 C 5.9 200 - 5CC 35 22 16 7 1 3 8.1 500 - 1CCC 16 12 17 3 2 0 4 9 12 9 3 0 12.3 0 0 3 3 1 c 15.4 2 5 1 3 1 c & 2 4 8 3 1 c 11.7 OVER 1000 IN N E W PRIME OUTSIDE YORK NEW 3/ YORK 3/ N O N P R I ME 1/ INCLUDES CERTIFICATES 2/ TOTAL 3/ P R I M E WHICH NOTE- DEPOSITS AS IN D E N O M I N A T I O N S REPORTED B A N K S ARE THOSE ARE R E P O R T E D BY IN T H E CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E CF $ 1 0 0 , 0 0 0 OR M O R E REPCRT OF CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING 00 PRIME 00 200 GO UNDER BANKS, 1965. C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D W I T H I N I OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N 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 T H E 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 TOTAL DEMAND AND TIME DFPOSITS, INCLUDING T A PL 6 5C PER CENT CHANGE IN O U T S T A N D I N G 26 JUL NEGOTIABLE 1967 TO (NUMBER 30 OF TIME AUG C E R T I F I C A T E UF (IN ALL DEPOSITS MILLIONS BANKS CD'S CF REDUCED C D ' S TO ZERO 2/ DOLLARS) ISSUING 5 TC 10% 10% OR MORE /I INCREASES OF 1967 BANKS) DECL INFS O F TOTAL DtPOSIT 5% OR LESS NO CHANGE 5% OR LESS 10% OR MORE 5 TO 10% ISSUED CD'S BUT HAD NONE OUTSTANDING CN B A S E D A T E 0 18 20 50 31 50 33 67 1 UNDER 200 0 11 12 16 17 12 7 22 0 200 - 500 0 6 3 18 10 16 12 20 1 500 - 1000 0 1 1 10 4 10 9 15 0 0 0 4 6 0 12 5 10 0 0 0 1 0 r 4 1 1 0 0 0 1 2 0 4 1 4 0 0 0 2 4 0 4 3 5 0 OVER 1000 PRIME IN N E W PRIME OUTSIDE YORK NEW 3/ YORK 3/ N O N P R I ME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS 3/ pR;ME WHICH B A N K S ARE THOSE ARE R E P O R T E D BY NOTE- THE HAD AS IN D E N O M I N A T I O N S REPORTED IN T H E CALL OF $100,000 REPCRT CF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 21* REPORTING BANKS. 19 6 5. 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 O F D E P O S I T A R E R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D D E A L E R S TC T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . N U M B E R O F B A N K S IN T H I S O U T S T A N D I N G C D ' S CN THE T A B L E D I F F E R S F R O M T H O S E IN M O S T O T H E R T A B L E S TO T H E E X T E N T T H A T L A S T S U R V E Y R E D U C E D T H E I R O U T S T A N D I N G S TO Z E R O O N T H I S S U R V E Y . BANKS THAT TABLE PER CENT CHANGE IN O U T S T A N D I N G 31 MAY N E G L T IABLE 1967 TD (MJMBFP TOTAL (IN ALL DEPOSITS MILLIONS BANKS CD' S OF REDUCED CD'S TO ZERO /2 DOLLARS) CECLINES 2 5* CR MORE 2C TC 25% 30 A U G C E R T I F I C A T E OF DEPOSIT Z1 1967 BANKS) INCREASE 5 TO NO 10 5 TO 20 15 TC 10% 11 21 29 16 34 26 IS 16 15 50 15% 52 OR LESS CF 5% OR LESS TC 23% OF TIME CF 10 15 TC 5C CHANGE 10% TO 15% 2 0% 25% OR MORE TO 25% ISSUED C D ' S BUT H A D NONE OUTSTANDING ON BASE DATE ISSUING 16 UNDER 2CC C 10 4 3 4 6 7 8 11 7 6 5 5 19 ? 200 - 500 1 3 2 3 4 4 12 5 12 8 5 2 6 19 0 500 - 1000 0 3 0 0 2 6 6 3 4 7 5 3 4 7 0 0 0 0 2 1 5 4 0 7 4 3 6 0 5 n c c 0 0 1 1 0 0 0 2 0 2 ti 1 0 0 0 0 1 0 2 1 c 2 2 1 2 0 1 0 0 0 0 1 0 2 3 0 5 0 2 2 0 3 0 OVER 10CC PRIME IN N E W PRIME OUTSIDE YORK NEW 3/ YORK 3/ N O N P R IME 1/ INCLUDES CERTIFICATES 2/ TOTAL 3/ P R I M E WHICH NOTE- DEPOSITS AS IN D E N O M I N A T I O N S REPORTED B A N K S ARE THOSE A R E R E P O R T E D BY IN THE CALL *HOSE NEGOTIABLE D E A L E R S TC T R A D E THE N U M B E R OF B A N K S IN T H I S H A D O U T S T A N D I N G C D ' S ON THE O U T S T A N D I N G S TO Z E R C . CF $ 1 0 0 , 0 0 0 OR REPCRT OF MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING BANKS. 1965. C E R T I F I C A T E S CF D E P O S I T A R E R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T . T A B L E D I F F E R S F P C M T H O S E IN M O S T S U R V E Y T H R E E f C N T H S P R I O R TO T H E O T H E R T A B L E S TO THE E X T E N T T H A T C U R R E N T S U R V E Y , REDUCED THEIR BANKS THAT TABLE CHANGE IN O U T S T A N D I N G OVER THE NEGOTIABLE MONTH AT AS THE 26 A PER (IN ALL MILLIONS BANKS CD'S CF 2/ JUL 1967 DECLINES DOLLARS) 5% AND OVER 2 FC 3* TIME CENT BEGINNING OF TO (NUMBER TOTAL D E P O S I T S 5E 30 OF CERTIFICATES OF TOTAL OP D E P O S I T 1/ DEPOSITS THE P E R I O D AUG 1967 BANKS) OF INCREASES 1 TO 2% 1 % ANO LESS NO CHANGE 1% AND LESS 1 TO 2% OF 2 TC 3% 3% AND OVER ISSUING 1 0 10 78 27 1C1 31 11 6 UNDER 200 1 0 4 33 lb 32 7 2 I 200 - 5CC 0 0 3 25 8 32 11 2 2 500 - ICCC 0 12 4 22 5 3 3 8 0 15 8 4 0 0 4 2 0 C 5 3 1 0 6 OVER 1000 PRIME IN N E W PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL 3/ P R I M E WHICH NOTE- DEPOSITS AS IN IN 1 0 0 2 0 0 1 0 0 0 0 0 1 DENOMINATIONS REPORTED B A N K S ARE THOSE ARE R E P O R T E D B Y 0 THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E 0 3 5 CF $ 1 0 0 , 0 0 0 R E P CRT CF OR MORE CONDITION ISSUED ON BY 3 3 WEEKLY REPORTING DECEMBER 31, 0 0 0 BANKS. 1965. C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . D E P O S I T S IN THE D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE CHANGE OVER IN O U T S T A N D I N G NEGCTI ABLE THE MONTHS LAST THREE AT THE 31 AS (IN ALL DEPOSITS MILLIONS BANKS CD'S OF DECLINES 7t 5% AND OVER DOLLARS) MAY 1967 ISSUING C E R T I F I C A T E S OF A PER TO OF 30 OF CENT THE OF TOTAL DEPOSIT 1/ DEPOSITS PERIOD AUG 1967 BANKS) I N C R E A S E S OF OF 5% AND OVER 4 TO 5% 3 TO 4 % 2 TO 3% 1 TO 2% 1% AND UNDER NO CHANGE 1% ANC LESS 1 TO 2% 2 TC 3% 3 TO 4% 4 TO 5% TIME BEGINNING (NUMBER TOTAL 5F 2 1 2 4 17 67 13 78 37 21 11 5 5 UNCER 20 C 2 1 I 2 8 20 6 32 12 5 2 1 1 20C 50C 0 0 1 1 4 23 4 25 12 5 4 2 2 1000 0 0 0 0 2 15 2 13 6 6 3 1 1 0 0 0 1 3 9 0 8 7 5 2 1 1 0 0 0 1 1 0 0 1 1 2 1 0 0 0 0 0 0 I 3 c 3 3 0 1 1 0 0 0 0 0 1 6 0 4 3 3 0 0 1 - 500 OVER 1G00 PRIME IN N E W PRIME OUTSIDE YORK NEW 3/ YORK 3/ N O N P R IME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS 3/ PRIME WHICH B A N K S ARE THOSE ARE R E P O R T E D B Y NOTE- AS IN D E N O M I N A T I O N S REPORTED IN THE CALL WHOSE N E G O T I A B L E 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 DECEMBER 31, REPORTING BANKS. 1965. C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 CR 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 . D E P O S I T S IN THE D E N O M I N A T O R O F T H E R A T IC INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE MATURITY DISTRIBUTION 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 AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T AS O F (AMOUNTS CD'S MATURING IN 30 A U G 01 s - NEW YORK PH I L ADt LPHIA CLEVELAND DEPOSIT 1/ 1967 MILLIONS ALL OF OF DOLLARS) R ICFMON C ATLANTA CHICAGO ST. LOUI S MINNEAPOLI S KANSAS CI TY DALLAS SAN FRANCISCO T R I C TS BOSTON 336.0 17.9 163.7 9.8 17.5 6.5 6 .4 24.3 1C.4 2.2 12.5 33.5 31 .3 SEP 5106.1 285.1 2295.5 119.5 293.4 102.5 127.8 550.1 66.3 73.8 117.7 286.3 768.1 OCT 3614.1 277.4 1477.5 108.2 213.3 68.2 95.4 458.2 52. 6 53. 7 86.3 204.6 518.5 NOV 2326.2 150.9 945.7 80.2 154.0 40.5 72.5 281.7 41.3 35.4 59.9 128.8 335.3 DEC 2715.6 125.2 1257.5 64.6 181.5 51.7 45.2 317.8 53.6 37.C 44.2 127.4 4 0 9 .9 1968 JAN 2C82.3 83.6 864.4 33.9 132.4 36. 7 50.7 326.4 40.6 39.8 31.9 162.5 279.4 FEB 1117.1 52.6 352.4 27.5 87.0 25.8 38.9 211.8 36.5 12.2 19.0 70.5 182.9 MAR 739.3 32.5 281.9 31.7 50.2 13. 1 30.7 123.7 15.4 5.6 8.9 45.4 100.2 APR 6C2. 9 25.6 2 3 8 .2 20.4 63.9 5.0 12.1 95.3 5.2 6.1 16.8 32.9 81.4 MAY 367.9 12.2 175.1 8.1 22.2 2.2 8 .7 58.3 5. 7 1.6 4.7 15.4 53.7 J UN 416.2 38.5 150 .1 21.2 19.7 3.7 15.8 69.2 5.4 2.8 8.4 20.1 61.3 JUL 333.3 10,1 105.3 8 .8 26.8 0.6 12.5 52.3 3.5 1.3 8.3 38.1 65.7 AUG 316.4 9.0 118.2 9.3 57.1 0.6 7.3 38.7 5.4 2.2 1.4 16.5 52.7 SEP O R 663. 8 48.0 188.4 36.7 193.2 P.4 22.0 68.2 2.C 1.5 1.0 36.9 57.5 2 C 739.2 1168.6 8613.9 579.9 1512.2 365.5 546.0 2676.0 364.1 275.2 421.0 1218.9 2997.9 AVERAGE MATURITY IN M O N T H S 2 / 3.4 3.2 3.2 3.8 4.7 2.8 3.6 3.7 3.2 2.7 2.7 3.5 3.3 NUMBER BANKS 266 18 48 11 18 17 35 9 5 21 26 36 1967 AUG TOTAL AUG 31 LATER * OF REPORTING 1/ INCLUDES 2/ SEE • IN 6A ONLY TECHNICAL DETAILS MAY NOT CERTIFICATES APPENDIX ADD TO ISSLED IN D E N C M N A T I C N S B. TOTALS CUE TC ROUNDING. CF $100fC00 OR MORE 22 BY WEEKLY REPORTING BANKS. T4BLE 1/ SALES CF NEGOTIABLE TIME BY (AMOUNTS 1967 1968 IN 30 AUG PREVIOUS MONTH 1967 fILL IONS OF COLLARS) MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 134.5 26.7 14.7 27.9 77.5 181.6 23.6 135.9 1C.1 12.3 15.6 24.6 163.6 16.8 39.1 119.3 16. 1 18.2 24.7 64.6 153.1 41.3 1.2 7.2 35.8 1C.1 8. 8 7. 7 28.0 108 .4 8.4 31.7 11.4 3.9 89.2 9.2 4.6 8.3 12.7 43.2 212.2 22.2 57.1 10.2 21 .4 109.7 20.3 8.8 12. 7 44.9 99.5 3.2 55.8 2.5 27.6 1.2 9.6 41.7 2.2 3.9 2.1 8.9 11.0 128.6 3.0 42.4 10.1 16.8 1.7 2.8 27.1 O.C 1.1 4.7 4.7 14.2 MAY 61.2 2.7 31.5 1.2 3.9 1.0 2.5 6.9 2. C 0.0 3.7 0.4 5.4 J UN 41.6 3.4 23.7 0.7 3.7 0.6 0.3 5.0 1.7 1.0 0.2 0.4 0.9 JUL 49.7 1.4 21.9 r .0 1.8 0.3 2.5 9.9 C. S 1.1 0.2 4.4 5.3 337.6 19.2 155.7 7.4 58.9 0.6 5.2 32.8 5.7 2.2 1.2 20.6 28.1 5537.3 369.9 2249.1 157.0 389.0 71.3 156.5 747.8 1C5.C 76.7 109.0 291.7 814.3 3.5 2.7 3.6 3.5 4.8 3.1 2.2 3.7 3.6 3.3 3.0 3.5 IN ALL 01 s TRICTS BOSTON SEP 1133.3 110.2 OCT 895.5 NOV PHILADELPHIA CLEVEL AND RICHMOND ATLANTA 423.6 28.2 55.5 14.5 38.4 87.3 345.9 2H.R 44.0 11.8 1C49.8 70.9 433.4 46.9 46.7 DEC 621.5 23.9 340.5 8 .6 JAN 4CC.6 15.5 162.5 FEB 648.2 29.2 MAR 169.7 APR LATER * AVERAGE MATURITY IN M O N T H S 3/ 1/ SEE 2/ INCLUDES 3/ SEE * OF SINCE ST. LOUI S M A T U R ING AUG O R TOTAL 2/ C E R T I F I C A T E S OF DEPOSIT WEEKLY REPORTING BANKS FEDERAL RESERVE DISTRICT AS CD'S 6B TECHNICAL ONLY TECHNICAL DETAILS MAY NOT APPENDIX ADD TO CHICAGO A. CERTIFICATES APPENDIX NEW YORK ISSLED IN DENOMINATIONS B. TOTALS DUE TO ROUNDING. OF S1CC,000 OR MORE BY WEEKLY REPORTING BANKS. 3•C TABLE MATURITY DISTRIBUTION OF O U T S T A N D I N G N E G O T I A B L E TIME AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T AS OF 30 (PERCENTAGE CD'S 1967 MATURING IN ALL DI S TRICTS BOSTON 1.6 1.5 SEP 24.6 OCT 6C AUG CERTIFICATES MlNNEAPOLIS KANSAS CITY 0.9 2.9 0.8 3.0 23.4 20.6 23. 7 26.8 28.0 23.5 25.6 18.7 17.5 17.1 14.5 19.5 20.5 16.8 17.3 10.2 11.1 13.3 10.5 11.3 12.9 14.2 10.6 11.2 11.1 12.0 14. 1 8 .3 11.9 14. 7 13.4 10.5 10.5 13.7 ATLANTA 1.9 1.7 1.2 1.8 1.2 24.4 26.6 20.6 19.4 28.0 17.4 23.7 17.2 18.7 14.1 NOV 11.2 12.9 11.0 13.8 DEC 13.1 10.7 14.6 31 SAN FRANCISCO ST. LOUI S R ICKMOND AUG 1/ DISTRIBUTION) CL EV EL AND AUG DEPOSIT 1967 PHILADELPHIA NEW YORK OF CH I — CAGO DALLAS ?. 7 1.0 1968 JAN 10. C 7.2 10.0 5 .8 8.8 10.0 9.3 12.2 11.2 14.5 7.6 13.3 9.3 FEB 5.4 4.5 4.1 4.7 5.8 7.1 7.1 7.9 10.C 4.4 4.5 5.8 6.1 MAR 3.6 2.8 3.3 5.5 3.3 3.6 5.6 4.6 4.2 2.0 2.1 3.7 3.3 APR 2.9 2.2 2.8 3.5 4.2 1.4 2.2 3.6 1.4 2.2 4.0 2.7 2.7 MAY 1.8 1.0 2.0 1.4 1.5 0 .6 1.6 2.2 1.6 0.6 1.1 1.3 1.8 J UN 2.0 3.3 1.7 3.7 1.3 1.0 2 .9 2.6 1.5 1.0 2.0 1 .6 2.0 JUL 1.6 0.9 1.2 1.5 1.8 0.2 2.3 2.C 1.0 0.5 2.0 3.1 2.2 AUG 1.5 0.8 1.4 1.6 3.8 0.2 1.3 1.4 1.5 0.8 0.3 1.4 1.8 3.2 4.1 2.2 6.3 12.8 2.3 4 .0 2.5 0.5 0.5 0.2 3.0 1.9 100.c 100.0 100 .0 100 .0 100.0 10P.0 100.0 100.0 100.0 lOC.O 100.0 100.0 100 .0 CR BY SEP TOTAL 1/ OR LATER * INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS CF $100,000 MORE WEEKLY REPORTING BANKS. TABLE MATURITY HISTRIRUTION OF O U T S T A N D I N G N E G O T I A B L E TIME AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E C I S T R I C T AS OF 30 (CUMULATIVE 1968 OF DEPOSIT 1/ 1967 PERCENTAGE) MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCC 0.9 2.9 C.8 3.0 2.7 1.0 24.6 21.5 26. 6 2 7.6 31.0 26.2 26.6 48.5 42.1 38.6 41.1 47.1 51.5 43.0 43.9 44.9 59.6 55.4 49.1 52.4 60.0 65.7 53.6 55.1 65.9 56.9 73.7 63.7 61.0 67. 1 73.4 76.2 64.1 68.8 81.3 71.7 65.7 83. 7 73.0 73.2 76.3 87.9 83. 8 77.4 78.1 84.9 85 .4 76.4 71.5 90 .8 80.1 8 1. 1 88.3 92.3 88.3 83.2 84.2 86.9 87.7 88.7 81.9 74. 8 94.4 85.7 85.7 92. 5 94.3 90.4 86.9 87.5 APR 89.8 89. 9 91.5 85.4 79.0 95.8 87.9 89.3 93.9 96.5 94.4 89.6 90.2 MAY 91 .6 90.9 93.5 86.8 80.5 96.4 89.5 91.5 95. 5 97.1 95.5 90.9 92.0 J UN 93.6 94.2 95.2 90.5 81.8 97.4 92.4 94.1 97.0 98.1 97.5 92.5 94.C JUL 95.2 95.1 96.4 92.0 83.6 97.6 94.7 96.1 98.0 98.6 99.5 95.6 96.2 AUG 96.7 95.9 97 .8 9 1.6 87,4 97.8 96.C 97.5 99. 5 99.4 99.8 97 .0 9 8 .C 100.0 ICO. 0 100.0 100 .0 100.0 100.0 100.0 100.C ICO.O 100.0 100.0 100.0 1 0 0 .C OR BY ALL DI STRICTS IN BOSTON 1.6 1.5 SEP 26.2 OCT PHILADELPHIA CLEVELAND RICHMOND ATLANTA 1.9 1.7 1,2 1.8 1.2 25.9 28 .5 22. 3 20.6 29.8 43.6 49. 6 45.7 4 1 .0 34. 7 .MOV 54.8 62.5 56.7 54.8 DEC 67.9 73.2 71.3 JAN 77.9 80.4 FEB 83.3 MAR AUG SEP O R 1/ AUG CERTIFICATES ST. LOUIS CD'S MATURING 1967 6C INCLUDES AUG 31 LATER ONLY CERTIFICATES ISSLEO NEW YORK IN H E N G M I N A T ICNS CF $100,000 MORF CHICAGO WEEKLY REPORTING BANKS. TABLE 1/ SALES CF C E R T I F I C A T E S O F C E P O S IT S I N C E WEEKLY REPORTING BANKS BY F E D E R A L R E S E R V E CISTR 1CT CF 30 (PERCENTAGE 1968 DALLAS SAN FRANCISCO 18.0 25.4 19.2 25.6 26.6 22.3 15.1 18.2 9.6 16.0 14.3 8.4 20.1 23.6 2 5 .0 16.0 15.3 23.7 22.7 22.1 18.8 10.6 1.7 4.6 4.8 9. 6 11.5 7.1 9.6 13.3 5.4 8.1 16.0 2.5 11.9 8.8 6.0 7.6 4.4 5.3 14.1 14.7 14.3 13.7 14.7 19.3 11.5 11.7 15.4 12.2 1 .6 7.1 1.7 6 . 1 5.6 2.1 5.1 1.9 3. 1 1.4 1.9 6.4 4.3 2.4 1.8 3.6 0.0 1.4 4.3 1.6 1.7 0.7 1.4 0.8 1.0 1.4 1 .6 0.9 1. s 0.0 3.4 0.1 0.7 C.8 0.9 1.1 0.4 1.0 0 .8 0.2 0.7 1.6 1.3 0.2 0.1 0.1 0.9 0.4 1.0 o .0 0.5 0.4 1 .6 1.3 0.9 1.4 0.2 1.5 0.7 6.1 5.2 6.9 4.7 15.1 0.8 3.3 4.4 5.4 2.9 1.1 7.1 3.5 100.0 100.0 100.0 100.0 100.0 100.0 100 .0 100.0 lGC.C 100.0 100.0 100.0 1 0 0 .C OR BY 18.0 14.3 20.3 24.5 OCT 16.2 23.6 15.4 13.? 11.3 16.5 NOV 19.0 19.2 19.3 29.9 12.0 DEC 11.2 6.5 15.1 5. 5 JAN 7.2 4.2 7.2 FEB 11.7 7. 9 9.4 MAR 3.1 0.9 2.5 APR 2.3 0.8 MAY 1.1 JUN JUL 2/ INCLUDES * KANSAS CITY 18.8 SEE - MINNEAPOLIS 29. 8 1/ NOTE ST. LOUI S 20.5 LATER * TECHNICAL ONLY SALES DETAILS MAY APPENDIX IN NOT ADD TABLE TO NEW YORK PHI LADE LPH I A CLEVELAND RICHATLANTA MOND C CHICAGO A. CERTIFICATES THIS MONTH DISTRIBUTION) SEP IN PREVIOUS 1967 BOSTON AUG OR TOTAL AUG ALL 01 sTRICTS M A T U R ING 1967 2/ NEGOTIABLE TIME AS CCS 6E ISSLED ARE TOTALS NCI CUE IN D E N O M I N A T I O N S ADJUSTED TO FOR ROUNDING. CD'S CF THAT $100,000 MORE HAVE MATURED. WEEKLY REPORTING BANKS. TECHNICAL APPENDIX A DERVIATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT Sales of CD's between survey dates are derived in the following manner: Outstanding CD's maturing in each month of the previous survey are subtracted from maturities in the same month of the current survey. Those CD's maturing in the remaining portion of the month in which the current survey is taken are ignored. Those CD's maturing after the last individual month shown in the current survey (i.e. CD's with the longest maturity) are added to those CD's maturing in the last individual month shown on that survey in order to derive on outstandings quantity for a time period comparable to the longest maturity CD's shown on the previous survey. The procedure used produces gross sales of CD's between survey dates maturing in each of the eleven full months after the currect survey, and combines sales of CD's maturing in twelve or more months. are also lost by the method described above. Some sales Sales of CD's between the survey dates that mature in the remaining days of the calendar month of the current survey are ignored. However, since the minimum maturity for time deposits under current regulations is 30 days, the time period between monthly survey dates (28 to 34 days) suggests that very few sales are lost from the series as derived in this manner. Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured between surveys and (2) the amount, if any, of sales between survey dates that mature in the remaining days of the calendar month in which the current survey is taken. TECHNICAL NOTE B CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT OUTSTANDINGS Average maturities of outstanding negotiable time certificates of deposit are calculated on a weighted average basis. All CD's are assumed to mature in the middle of the month and those CD's maturing in the survey month—after the survey d a t e — a r e assumed to mature in the middle of the period between the survey date and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD's outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way. That is, they are weighted averages calculated from the survey date with the assumption made that all CD's mature in the middle of the month. Any CD's sold between survey dates and maturing in the period between the current survey date and the end of the calendar month in which the current survey was taken (a maximum of 6 days) are ignored. Technical Note B (continued) This procedure assumes all CD's sold between survey dates were issued on the most recent survey date. While it appears more logical to assume that all CD's were sold at the mid-point between the two surveys, such an assumption would tend to reduce 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