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L.4.1 CONFIDENTIAL (FlO September 30, 1968 SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF August 28, 1968 NOTE: Sales since the previous survey and comparisons with the previous data reflect revisions—received too late to be included in the August statement—in the July series. 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 C D ' 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. TABLE MATURITY DISTRIBUTION IF 1 OUTSTANDING NEGOTIABLE 1/ TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY REPORTING BANKS AS OF C D 1 S MATURING 1 9 6 8 AUGUST 1969 AMOUNT ( M I L L I O N S OF DOLLARS) IN 29 - 31 28 AUG 1 9 6 8 PERCENTAGE DISTRIBUTION CUMULATI VE PERCENTAGE SALES S I N C E PREVIOUS MONTH 2 / ( M I L L I O N S OF DOLLARS) .0 429.0 1.9 1.9 SEPTEMBER 4.626.5 20.7 22.6 1,072.4 OCTDBER 3*518.9 15.8 38.4 614.6 NOVEMBER 2.645.6 11.9 50.3 1,017.4 DECEMBER 3,081.6 13.8 64. 1 339.2 JANUARY 2,939.9 13.2 77. 3 341.7 FEBRUARY 1,255.4 5.6 82.9 64 5.6 MARCH 798.8 3.6 86.5 I 09.3 APRIL 656.3 2.9 89.4 95.1 MAY 422.1 1.9 91.3 74.4 JUNE 599.3 2.7 94.0 40.4 JULY 466.7 2.1 96. 1 29.2 AUGUST 270.9 1.2 97.3 299.0 595.1 2.7 100.0 22,306.3 100.0 XXX OVER 12 MONTHS TOTAL (MEMORANDUM: 280.5 530.2 SEPTEMBER 10 SEPTEMBER 16 1/ I N C L U D E S ONLY C E R T I F I C A T E S 2/ SEE 3/ SALES OF C D ' S TECHNICAL APPENDIX IN 1 1 MONTHS. 4 , 6 78.3 AND D I V I D E N D M A T U R I T I E S ) 1.3 2.4 DENOMINATIONS OF $ 1 0 0 , 0 0 0 A. MATURING AFTER TAX XXX OR MORE XXX XXX I S S U E D BY WEEKLY REPORTING 24.3 100. 1 BANKS. 3/ # # # # # # • # • ABLE 2A 1/ MATURITY D I S T R I B U T f f N CF CUT ST A M I INC 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 NEfc YORK C I T Y , C H I C A G C , AND ALL OTHER WEEKLY REPORTING BANKS AS CF (IN 29 M I L L IONS AUG 1 9 6 8 OF DOLLARS) NEW YORK C I T Y CD' S MATUR ING 1968 AUG 29 - IN AMOUNT AUG 31 AMOUNT - SALES SINCE PREVIOUS MONTH 2 / OTHER WEEKLY AMOUNT - REPORTING 16.3 .0 342.0 .0 1,42C.6 349.0 340.7 36.1 2,664.7 686.7 OCTOBER 688.3 183.9 274.3 37.5 2,354.5 392.9 NOVEMBER 706.1 278.4 149.3 60.0 1,791.0 679.3 DECEMBER 1,236.4 114.8 239.2 24.6 1,606.2 200.2 JANUARY 828.1 85.3 330.5 60.5 1,779.3 195.4 FEBRUARY 269.2 106.8 107.5 41.8 878.7 497.1 MARCH 314.9 38.9 62.6 4.1 421.3 66.4 APRIL 233.0 29.8 34.6 4.7 389.1 60.4 MAY 114.4 27.5 50.8 5.3 257.6 41.3 JUNE 174.3 1.4 63.1 .6 362.3 38.6 JULY 88.3 .3 28.7 2.2 350.0 26.5 AUGUST 61.1 59.6 14.8 20.4 195.4 219.9 123.5 XXX 17.3 XXX 455.0 XXX 6,525.8 1 ,275.7 1,729.7 298.0 14,047.1 3,104.7 12 MONTHS TOTAL * NUMBER OF R E P O R T I N G BANKS Z3 12 11 (MEMORANDUM: SEPTEMBER SEPTEMBER 10 16 133.9 21 5 . 7 1/ INCLUDES ONLY C E R T I F I C A T E S 2/ SEE T E C H N I C A L APPENDIX 3/ SALES OF C D ' S MATURING AFTER TOTALS MAY NOT ADO DUE TAX A. MONTHS. TO ROUND I N G . CF $ 1 0 0 , 0 0 0 241 ANC D I V I D E N D M A T U R I T I E S ) 2.0 19.0 IN DENOMINATICN 11 Z3 8.0 40.0 CR MCRE ISSUED .0 5.8 BY WEEKLY REPORTING B A N K S . 13 9 . 7 275.5 BANKS SALES S I N C E PREVIOUS MONTH 2 / .0 OVER * ALL 71.6 SEPTEMBER 1969 CHICAGO SALES S I N C E PREVICUS MONTH 2 / AT 22.7 75.1 /3 TABLE MATURITY 28 1/ 01 S TR!RUT f ON OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T AT NEW YORK C I T Y , CHICAGO, AS OF 2 8 AND ALL AUG 1 9 6 8 (PERCENTAGE OTHER WEEKLY REPORTING RANKS AND 3 1 JUL C ISTR IBUT ION) CHICAGO NEW YORK C I T Y CD'S MATURING ALL OTHER IN 28 C— 6 DAYS 2 / AUG 31 28 jui AUG 28 AUG 3 1 JUL 3 1 JUL 1.1 .0 .9 .C 2.4 .0 01 MONTHS 3 / 21.8 19.8 19.7 13.5 20.4 20.6 02 MONTHS 13.6 16.6 15.9 18.6 16.8 16.3 03 MONTHS 10.8 10.9 8.6 14.5 12.7 14. 7 0 4 MONTHS 18.9 6.6 13.8 5.5 11.4 8.3 05 MONTHS 12.7 17.4 19.1 13.1 12.7 10.5 06 MONTHS 4.1 11.5 6.2 16.5 6.3 11.9 07 MONTHS 4.8 2.5 3.6 4.C 3.0 2.9 08 MONTHS 3.6 4.3 2.0 3.6 2.8 2.7 09 MONTHS 1.8 3.1 2.9 1.8 1.8 2.5 10 MONTHS 2.7 1.3 3.6 2.f 2.6 1.6 1 1 MONTHS 1.4 2.7 1.7 3.6 2.5 2.4 12 MONTHS .9 1 .4 .9 1.6 1.4 2.4 1.9 1 .9 1.0 .7 3.2 3.2 100.0 100 .0 100.0 100.0 100.0 I CO. 0 CF $ 1 0 0 , 0 0 0 OR MORE OVER 12 TOTAL MONTHS * 1/ INCLUDES.ONLY CERTIFICATES BANKS. 2/ NUMBER OF DAYS REMAINING I N SURVEY MONTH. T H I S FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3 f NUMBER * 1968 TOTALS OF MONTHS FCLLCWING WAY NOT ADD DUE Tf IK THE DENOMINATIONS SURVEY POUNDING. MONTH. PERIOD V A R I E S ISSUED BY WITH WEEKLY REPORTING THE NUMBER OF DAYS TABLE 2C 1/ OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT AT MATURITY D I S T R I B U T I O N f F NEW YORK C I T Y , CHICAGO* AS OF 28 AND ALL OTHER WEEKLY REPORTING BANKS AUG 1968 ANC 3 1 JUL 1968 (CUMULATIVE D I S T R I B U T I O N ) CD'S MATURING IN 6 DAYS 2 / NEW YORK CITY 28 AUG CHICAGO 3 1 JUL 28 AUG ALL 3 1 JUL 28 AUG OTHER 3 1 JUL .0 .9 .C 2.4 .0 22.9 19.8 20.6 12.5 22.8 20.6 02 MONTHS 36.5 36.4 36.5 32.1 39.6 36.9 03 MONTHS 47.3 47.3 45. 1 46.6 52.3 51.6 04 MONTHS 66.2 53.9 58.9 52.1 63.7 59. 9 05 MONTHS 78.9 71.3 78.0 65.2 76.4 70.4 C6 MONTHS 83.0 82.A 84.2 81.7 82.7 82.3 07 MONTHS 87.8 85.3 87.8 85.7 85.7 85.2 ce MONTHS 91.4 89 . 6 89.8 89.3 88.5 87. 9 09 MONTHS 93.2 92.7 92.7 91.1 90.3 90.4 10 MONTHS 95.9 94.0 9 6 . 3 93.9 92.9 92. 0 MONTHS 97.3 96.7 98.0 97.7 95.4 94.4 12 MONTHS 98.2 98.1 98.9 99.3 96.8 96. m 100.0 100 . 0 100.0 CI i i MONTHS 3 / R 12 MONTHS l.l 1/ INCLUDES ONLY C E R T I F I C A T E S BANKS. IK DENOMNATICNS 2/ NUMBER OF DAYS REMAINING I N SURVEY MCNTH. T H I S FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3/ NUMBER CF MONTHS FOLLOWING THE SURVEY MONTH. IOC .C 100.0 ICO. 0 OF S 1 0 0 * 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING P ER10 C VARIES WITH THE NUMBER OF DAYS TABLE MATURITY 3A D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 / AS CF 2 8 AUG 1 9 6 8 (AMOUNTS I N P I L L I C N S OF DOLLARS) SI $200 CD'S 1968 MATURING IN TOTAL MILLICN AND UNDER $200 $500 MILLICN TC NILLICN $1 B I L L I O N AND OVER PRIME 3 / MILLION TO BILLION OUTSIDE NEW YORK C I TY NON-PRIPE NEW YORK CITY TOTAL 428.9 37.7 57.6 73.1 260.5 66.6 11C.9 83.0 SEPTEMBER 4,626.5 293.3 568.3 909.6 2,855.3 1,297.1 849.1 709.1 OCTOBER 3,516.8 209.3 451 .5 677.3 2, 1 8 0 . 7 835.6 840.5 504.6 NOVEMBER 2,645.5 132.2 364.3 509.5 1, 6 3 9 . 5 628.5 594.3 416.7 DECEMBER 3,081.7 117.4 351.6 438.9 2,173.8 1,168.3 614. 8 390.7 2,939.7 127.2 330.5 508.3 1,973.7 769.5 792.6 411.6 1,255.4 60.4 182.9 251.8 760.3 243. 7 355.5 161.1 MARCH 798.7 22.6 49.3 113.2 613.6 3C5.0 186.5 122.1 APRIL 656.3 26.5 63.0 100.0 466.e 217.0 144.7 105.1 MAY 422.2 15.6 42.2 72.5 291.9 ice. 7 134.7 48.5 JUNE 599.2 14.1 39.4 118.1 427.6 164.7 189.2 73.7 JULY 466.6 17.5 54.0 128.2 266.9 82.0 111.7 73.2 AUGUST 270.8 8.5 64.4 40.0 157.9 56.3 62.5 39.1 SEPTEMBER OR LATER 595.0 5.5 39.2 90.4 459. < 118.7 259.3 81.9 22,3C5.3 1 ,087.8 2,658.2 4,030.9 6,C61.7 5 ,246.3 3,220.4 AUG 29-31 1 9 6 9 JANUARY FEBRUARY TOTAL * (MEMORANDUM: TAX 14,528.4 AND D I V I D E N D M A T U R I T I E S ) SEPTEMBER 10 28C.2 11.0 14.7 35.0 219.5 127. 8 60.2 31.5 SEPTEMBER 16 53C.2 25.0 41.7 98.8 364.7 206.1 88.1 70.5 12 18 (MEMORANDUM: 264 1/ 2/ 3/ * $500 1/ 92 NUMBER OF BANKS > 84 51 37 INCLUDES C E R T I F I C A T E S I N OENOMI N A T ! CNS CF $100 , 0 0 0 OR MORE ISSUED 8Y WEEKLY REPORTING B A N K S . TOTAL D E P O S I T S AS REPORTED I N THE CALL REPCRT CF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 . PR IMF 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 REPORTED BY DEALERS TO TRADE W I T H I N 1 CR 2 BASIS POINTS CF EACH OTHER W I T H I N THE SECONDARY MARKET. TOTALS MAY NOT ADD DUE TO ROUNDING. QUALITY AND WHICH ARE TABLE 39 SALES n / OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2 / AT WEEKLY REPORTING RANKS BY S I Z E OF BANKS 3 / ZS Of 28 AUG 1968 (AMOUNTS IN M I L L I O N S OF DOLLARS) $1 B I L L I O N AND OVER MATURING IN TOTAL $200 MI I L I C N AND UNDER 4200 $500 MILLION TO MILLION $500 MILLION TO $1 BILLION PRIME 4 / — — — — — — — — - TOTAL - AUG NEW YORK CITY OUTSIDE NEW YCRK CITY NON—PHI ME 29-31 1,C 7 2 . 4 93.0 122.4 252.6 604.4 3C6.5 140.0 157.9 614.6 31.1 72.1 107.5 403.7 175.7 133.7 94.3 NOVEMBER 1,017.4 5 9.4 138.7 211.4 608.C 237.5 210.2 160.3 DEC EMBER 339.2 12.6 47.8 43.5 235.4 95.6 68.8 71.0 JANUARY 34 1.7 11.1 32.8 45.2 252.4 ec.9 127.0 44.5 FEBRUARY 645.6 49.0 117.7 146.1 332.e 96.5 146.2 90.1 MARCH 1 09.3 3.5 6.0 22.6 77.1 38.9 26.7 11.5 APR IL 95.1 2.6 10.7 13.9 67.9 21.0 11.7 35.2 MAY 74.4 1.7 6.5 12.8 53.3 27.6 17.4 8.3 JUNE 4C.4 3.5 2.7 20.3 13.9 0.7 6.1 7.1 JULY 29.1 0.4 3.1 12.9 12.7 C.2 9.3 3.2 299,0 7.6 52.2 47.0 192.0 56. 5 95.6 39 . 9 4 , 6 78.3 275.5 6 12.7 935.8 2, 8 5 3 . 6 1,137.6 992.7 723.3 SEPTEMBER OCTOBER AUGUST OR LATER TOTAL * (MEMORANDUM: SEPTEMBER SEPTEMBER 10 16 TAX ANC CIVIDEND M A T U R I T I E S ) 24.1 5.8 0.9 6.6 10.8 1.9 4.5 4.4 10C.0 8.8 7.0 32.1 52.1 16. 8 22.6 12.7 (MEMORANDUM: 264 92 NUMBER OF BANKS) 84 51 37 12 1 / SEE TECHNICAL APPEND!X A . 2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS CF $100 , 0 0 0 OR NOPE ISSUEC PY WEEKLY REPORTING BANKS. 3 / TOTAL DEPOSITS AS REPORTED I N THE CALL RFPCRT CF CONDITION ON DECEMBER 3 1 , 1 9 6 5 . 4 / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REG ARCEC AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALER S TO TRADE W I T H I N 1 OR 2 PASIS PCI NTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. * TOTALS NAY NOT ADD OLE TO ROUND!NG, 18 TABLE 3C MATURITY D I S T R I B U T I C N CF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT 1 / AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 / AS CF 26 AUG 1 9 6 8 PERCENTAGE D I S T R I B U T I O N SI - CD'S MATURING IN TOTAL $200 PILLION AND UNDER $200 *500 MILLION TO MILLION $500 MILLION TO $1 B I L L I O N B I L L I O N AND OVER - PRIME 3 / TOTAL NEW YORK CITY 1968 AUG 29-31 NON-PRIME 1.9 3.5 2.2 1.8 1.8 1.1 2.1 2.6 SEPTEMBER 20.7 27.0 21.4 22.6 IS.7 21.4 16.2 22.0 OCTOBER 15.8 19.2 17.0 16.8 15.0 13.8 16.0 15.7 NOVEMBER 11.9 12.2 13.7 12.6 11.3 1C.4 11.3 12.9 DECEMBER 13. € 10.8 13.2 10.9 15.0 19.3 11.7 12.1 13.2 11.7 12.4 12.6 13.6 12.7 15.1 12.8 FEBRUARY 5.6 5.6 6.9 6.2 5.2 4.C 6.8 5.0 MARCH 3.6 2. 1 1.9 2.8 4.2 5.0 3.6 3.8 APR IL 2.9 2.4 2.4 2.5 3.2 3.6 2.8 3.3 MAY 1.9 1.4 1.6 1.8 2.C 1.8 2.6 1.5 JUNE 7.7 1.3 1.5 2.9 2.9 2.7 3.6 2.3 JULY 2. 1 1.6 2.0 3.2 1.8 1.4 2.1 2.3 AUGUST 1.2 0.8 2.4 1.0 1.1 0.9 1.2 1.2 SEPTEMBER OR LATER 2. 7 0.5 1.5 2.2 3.2 2. C 4.9 2.5 1CC.C 100.0 100.0 100.0 100.0 1CC.0 100.0 100.0 1 9 6 9 JANUARY TOTAL * \ r* c runMiiUUn • 1 MA P fx UD I V I D E N D M A T U R I T I E S ) SEPTEMBER 10 1.3 1.0 0.6 0.9 1.5 2.1 1.1 1.0 SEPTEMBER 16 2.4 2.3 1 .6 2.5 2.5 3.4 1.7 2.2 1/ 2/ 3/ * OUTSIDE NEW YORK C I TY INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR frCPE ISSUED EY WEEKLY REPORTING BANKS. TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT CF C O N D I T I O ON DECEMBER 3 1 , 196 5." PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPCS IT APF REGtRCEC AS BEING OF THE HIGHEST OUA L I T Y AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 CR ? BASIS POINTS CF EACH OTHER W I T H I N THE SECONDARY MARKET. TOTAL S MAY NOT ADD OLE TO ROUNDING. TABLE 30 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 REPORT I KG BANKS BY S I Z E OF BANKS 2 / AS CF 28 AUG 1 9 6 8 CUHJLAT 1VE PERCENTAGE $1 B I L L I O N AND OVER - C D ' S MATURING I N TOTAL $200 MI I I I CN AND UNDER $200 *500 MILLION TC MILLION $ 5 0 0 M I L L ION TO $1 BILLION - PR I ME 3 / TOTAL - 1968 AUG 29-31 1/ NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 1.9 3.5 2.2 1.8 1.8 1.1 2.1 2.6 SEPTEMBER 22.6 30.5 23.6 24.4 21.5 22.5 18.3 24.6 OCTOBER 38.4 49.7 40.6 41.2 36.5 36.3 34.3 40.3 NOVEMBER 50.3 61.9 54.3 53.8 47.8 46. 7 45.6 53.2 DECEMBER 64.1 72.7 67.5 64.7 62.8 66.C 57.3 65.3 77.3 84.4 79.9 77.3 76.4 78.7 72.4 78.1 FEBRUARY 82.9 90.0 86.8 83.5 81.6 82.7 79.2 83.1 MARCH 86.5 92.1 88.7 86.3 85.8 87.7 82.8 86.9 APRIL 89.4 94.5 91.1 88.8 89.C 91.3 85.6 90.2 MAY 91.3 95.9 92.7 90.6 91.0 93.1 88.2 91.7 JUNE 94.0 97.2 94.2 93.5 93.9 95.8 91.8 94.0 JULY 96.1 98.8 96.2 96.7 95.7 97.2 93.9 96.3 AUGUST 97.3 99.6 98.6 97.7 96.8 98. 1 95.1 97.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 9 6 9 JANUARY SEPTEMBER OR LATER 1 / INCLUDES C E R T I F I C A T E S I N DE NOMI NAT ICK S CF $ 1 0 0 , 0 0 0 OR MORE ISSUED RY WEEKLY REPORTING BANKS. 2 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPCRT CF CCNCITIGN ON DECEMBER 3 1 , 1 9 6 5 . 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 DEALER S TO TRADE W I T H I N 1 OR 2 BASIS POINTS CF EACH OTHER W I T H I N THE SECONDARY MARKET. TABLE 3E SALES /!/ CF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH 2 / AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 / AS OF 28 AUG 1 9 6 * PERCENTAGE D I S T R I B U T I O N SI B I L L I O N CD' S MATUR ING IN TOTAL 1200 MILLION AND UNDER 1 9 6 8 AUG $200 MILLION TC $500 M I L L I O N $500 MILLION $1 TO BILLION - — AND OVER PR IMF 4 / TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 29-31 SEPTEMBER 2 2 . <; 33.0 20 .0 27.0 21.2 26. <; 14.1 21.8 OCTOBER 13.2 11.9 11.R 11.5 14.1 1 5.4 13.5 13.0 NOVEMBER 21.7 21.1 22.6 22.6 21.3 2C.9 21.2 22.2 DECEMBER 7.3 4.7 7.8 4.6 8.2 8.4 6.9 9.8 7.3 4.5 5 .4 4.6 8.P 7. 1 12.8 6.2 13.e 17.5 19 . 2 15.6 11.7 6.5 14.7 12.5 MARCH 2.4 1.3 1.0 2.5 2.7 3.4 2.7 1.6 APR IL 2.C 1.1 1.7 1.5 2.4 1.8 MAY 1.6 0.6 1.1 1.4 1.9 2.4 1.2 1.8 JUNE 0.9 1.4 0.4 2.2 0.5 0.1 0.6 1.0 JULY 0.6 0. I 0.5 1.4 0.4 o.c 0.9 0.4 AUGUST OR LATER 6. 4 2.8 8 .5 5.0 6.7 5.0 9.6 5.5 100.0 LOO. 0 100 .0 100.0 100.0 100.0 100.0 1 9 6 9 JANUARY FEBRUARY TOTAL * (MEMORANDUM: TAX 100.0 4.9 1.1 AND CIVIOENO M A T U R I T I E S ) SEPTEMBER 10 0.5 2.0 0.1 0.7 0.4 C.2 0.5 0.6 SEPTEMBER 16 2.1 3.1 1.1 3.4 1.8 1.5 2.3 1.8 (MEMORANDUM: 264 92 NUMBER OF BANKS) 84 51 37 12 1 / SEE TECHNICAL APPENDIX A . 2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS CF $100 , 0 0 0 CP MCPE ISSUED EY WEEKLY REPORTING BANKS. 3 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT CF C PNDIT I ON ON DECEMBER 3 1 . 1 9 6 5 . 4 / PR IMF BANK S ARE THOSE WHOSE NEGOTIABLE CERTIFICATES n f 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 R AS IS POINTS OF EACF OTHER W I T H I N THE SECONDARY MARKET. * TOTALS MAY NOT ADD OLE TO ROUNDING. 18 # * # # # # # # # # TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE T I M E AT WEEKLY REPORTING AT VARIOUS (IN C E R T I F I C A T E S OF D E P O S I T SURVEY 1/ BANKS DATES MONTHS ) DATE OF SURVEY BANK C L A S S I F I C A T I O N 28 AUG 1 9 6 8 3 1 JUL (BY ALL 26 JUN 1968 1968 LOCATION) REPORTING BANKS 3.7 3.8 3.3 NEW YORK C I T Y 3.6 3.8 3.1 CHICAGO 3.7 4.C 3.2 OTHER 3.7 3.8 3.3 I SSUING CO 'S (BY UNDER $200 $200-$500 MILLION MILLION $ 5 0 0 - $ i *000 OVER MILLION $1 B I L L I O N PRIME IN NEW YORK C I T Y PRIME OUTSIDE 3/ NEW YORK C I T Y 3/ NON-PRIME 2.9 3.0 2.7 3.5 3.4 3.C 3.6 3.7 3.2 3.8 4.C 3.4 3.6 3.8 3.1 4.1 4.3 3.8 3.6 3.7 3.2 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 OF DEPOSIT ARE REGARDED AS B E I N G 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. D E P O S I T S AS REPORTED IN THE C A L L $100,000 2/ 1/ I N D E N O M I N A T I O N S OF S I Z E OF BANK ) REPCRT OR MORE ISSUED BY WEEKLY REPORTING B A N K S . OF C O N D I T I O N ON DECEMBER 31, 1965. e TABLE 48 AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ SOLO BY WEEKLY REPORTING RANKS 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 28 AUG 1 9 6 8 3 1 JUL 1968 26 JUN 1 9 6 8 (BY LOCATION I ALL REPORTING BANKS ISSUING CO 1 S 3.6 4.4 3.8 NEW YORK C I T Y 3.2 4.5 4.1 CHICAGO 4.1 4.9 4.3 OTHER 3.8 4.3 3.6 (BY S I Z E OF BANK ) 2 / UNDER $ 2 0 0 M I L L I O N 3.0 3.3 3.1 $200-$500 MILLION 3.9 4.C 3.2 $500-$l1000 3.5 4.2 3.5 3.7 4.6 4.1 3.2 4.6 4.1 4.2 4.9 4.4 3.6 4.3 3.4 OVER MILLION $1 B I L L I O N PRIME I N NEW YORK C I T Y 3 / PRIME OUTSIDE NEW YORK C I T Y 3/ NON-PRIME I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 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 OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N I OR 2 BASIS POINTS OF EACF OTHER W I T H I N THE SECONDARY MARKET. DEPOSITS AS REPORTED I N NOTE— SEE TECHNICAL APPENDIX B . THE CALL REPORT OF C C N C I T I C N ON DECEMBER 31, 1965. # # # # # * # # TABLE 54 RA I I 0 OF OUTSTANDING NEGCTIA016 TIME C E R T I F I C A T E S OF DEPOSIT 1/ TC TOTAL DEPOSITS AT VARIOUS SURVEY DATES (PER CENT) DATE OF SURVEY (IN TOTAL OEPOSI TS 2 / M I L L I O N S OF DOLLARS) 28 AUG 1968 ALL BANKS I S S U I N G CD'S 3 1 JUL 1968 26 JUN 1968 10.6 10.1 9.3 UNDER 2 0 0 7.2 7.C 6.5 20C - 500 8.8 8.5 8.1 50C - 1000 10.4 9.9 9.2 11.5 10.9 10.0 12.8 12.2 11.3 9.9 9.3 8.3 12.4 11.7 10.9 OVER 1C00 PRIME IN 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 K 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 W I T H I N I C R 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS OF SlOOtOOO OR MORE ISSUED BY WEEKLY REPORTING BANKS. THE CALL REPCRT DEPOSITS I N THE DENOMINATOR OF THE RATIO INTERBANK AND U . S . GOVERNMENT DEPOSITS. CF CONDITION ON DECEMBER IN T H I S TABLE ARE TOTAL 31$ 1965. DEMAND AND TIME DEPOSITS# INCLUDING # e # # # # # TABLE 56 R A T I C OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT TC TOTAL DEPOSITS AS OF 28 AUG 1968 1/ (NUMBER OF BANKS I TOTAL D E P O S I T S 2 / (IN 20 TO 25* 25% OR MORE AVERAGE CD TO DEPOSIT R A T I O (PER CENT! 93 66 60 24 16 5 UNDER 2CC 46 23 15 3 4 1 •si 15 TO 20% IN) 10 TO 15% 200 - 5CC 33 18 18 9 2 4 CD BANKS I S S U I N G CO'S 5 TO 10* 00 ALL M I L L I O N S OF DOLLARS! 5* OR LESS 500 - 1000 11 16 13 5 6 0 10.4 3 9 14 7 4 0 11.5 0 1 4 2 0 0 12.8 PRIME OUTSIDE NEW YORK 3 / 1 6 1 2 2 0 9.9 NONPRIME 2 2 9 3 2 0 12.4 OVER 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 CF CONDITION ON DECEMBER 3 1 , 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 OR 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 10.6 DEPOSITS I N THE DENOMINATOR OF THE RATIO INTERBANK AND U . S . GOVERNMENT DEPOSITS. IN T H I S OR MORE ISSUED BY WEEKLY REPORTING BANKS. 1965. TABLE ARE TOTAL DEMAND AND TIME D E P O S I T S , INCLUDING • # # # » # # # # TABLE 5C PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT 31 JUL 1968 TO 28 /I AUG 1 9 6 8 (NUMBER OF BANKS) TOTAL DEPOSITS 2 / (IN ALL M I L L I O N S OF DOLLARS) DECLINES OF REDUCED — "• ———— —————————— C D ' S TO 10% OR 5 TO 5% OR ZERO MORE 10% LESS BANKS I S S U I N G CD'S NO CHANGE INCREASES OF — 5% OR 5 TO 10% OR LESS 10% MORE j SSUED C D ' S BUT HAD NCNE OUTSTANDING ON BASE DATE 2 20 13 38 25 70 A3 57 UNDER 2 0 0 1 9 4 17 12 17 13 22 2 200 - 500 1 8 4 11 9 22 14 16 0 500 - 1000 0 3 4 3 4 19 5 13 I 0 0 1 7 0 12 11 6 0 0 0 1 2 0 3 1 C 0 PRIME OUTSIDE NEW YORK 3 / 0 0 0 0 0 5 5 2 0 NONPRIME 0 0 0 5 0 4 5 4 0 OVER 1000 PR WE IN NEW YORK 3 / 1/ INCLUDES C E R T I F I C A T E S I N DENOMINATIONS 2/ TOTAL DEPOSITS AS REPORTED I N 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 I CR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- OF $ 1 0 0 , 0 0 0 THE CALL REPORT 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 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. # # # # # # # TAPLr # # 5C PER CENT CHANGE I N OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E OF DEPOSIT 29 # MAY 1 9 6 8 TO 28 /I AUG 1968 (NUMBER CF BANKS ) TOTAL (IN ALL DEPOSITS / ? M I L L I O N S OF DOLLARS) BANKS ISSUING CO' S REDUCED C D ' S 25% TO OR ZERO MORE INCREASE OF DFCLINFS OF 20 TC 251 15 TO 10 TO 15% 20% 5 TO 10% 5% OR LESS NO CHANGE 5% OR LESS 5 TO 10% 25% OR MORE 20 TO 25% 15 TO 20% 10 TO 15% ISSUED C D ' S BUT HAD NONE OUTSTANDING ON BASE DATE 4 IB 6 8 5 12 18 18 25 26 24 19 23 66 3 UNDER 200 2 10 2 4 1 6 4 8 7 5 7 9 4 27 2 200 - 500 2 A 3 3 3 3 7 7 11 9 5 3 8 16 0 500 - 1000 0 0 1 1 1 1 6 3 6 4 6 4 4 14 1 0 0 0 0 0 2 I 0 I 8 6 3 7 9 0 0 0 0 0 0 0 I 0 C 3 1 0 0 2 0 PRIME OUTSIDE NEW YORK 3 / 0 0 0 0 0 0 0 0 1 2 2 1 0 6 0 NONPRIME 0 0 0 0 0 2 0 0 0 3 3 2 7 I 0 OVER ICOO PRIME IN NEW YORK 3 / I N DENOMINATIONS OF $100 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS • 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 3 1 , 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 I OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- 1965 • THE NUMBER OF BANKS I N T H I S TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING C D ' S CN THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. e e e # # e e # e # TABLE 5 6 CHANGE I N OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT OVER THE MONTH AS A PER CENT OF TOTAL 1/ DEPOSITS AT THE BEGINNING OF THE PER IOC 31 JUL 1 9 6 8 TC 28 AUG 1968 (NUMBER OF BANKS) TOTAL D E P O S I T S 2 / (IN ALL DECLINES OF 3* AND OVER M I L L I O N S OF DOLLARS) BANKS I S S U I N G CD'S ? TO 3% I TO INCREASES OF \% ANO LESS 2% NO CHANGE IX AND LESS 1 TO 3% AND OVER 2 TO 3% 2% 0 1 11 60 20 125 28 14 2 UNDER 2 0 0 0 0 4 26 A 4C 6 5 1 200 - 500 0 1 4 19 9 36 1C 3 0 500 - 1000 0 0 3 7 3 25 6 5 1 0 0 0 8 0 22 6 1 0 0 0 0 3 0 3 I 0 0 PRIME OUTSIDE NEW YORK 3 / 0 0 0 0 0 11 1 0 0 NONPRIME 0 0 0 5 0 a 4 I 0 OVER 1000 PRIME IN NEW YORK 3 / 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS AS REPORTED I It THE CALL REPCRT 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 I C R 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 I N THE DENOMINATOR OF THE RATIO INTERBANK AND U . S . GOVERNMENT DEPOSITS. CR MORE ISSUED BY WEEKLY REPORTING BANKS. CF CONDITION ON CECEMBER 3 1 , IN T H I S TABLE ARE TOTAL 1965. OEM AND AND TIME D E P O S I T S , INCLUDING * # # # # # # # # # TABLE 5F CHANGE I N OUTSTANOIKG NEGCTI ABLE T I M E OVER THE LAST THREE MONTHS C E R T I F I C A T E S OF DEPOSIT 1/ AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 29 MAY 1 9 6 8 TO 28 AUG 1968 (NUMBER OF BANKS > TOTAL DEPOSITS 2/ 1 IN M I L L I O N S OF DOLLARS) ALL BANKS I S S U I N G CD' S DECLINES OF 5% AND OVER 4 TO 51 3 TO 41 INCREASES OF 2 TO 3% 1 TO IT AND LESS 2% NO CHANCE IX AND UNDER 1 TO 2 TO 3% 2% 3 TO 4% 4 TO 5* 5% AND OVER 0 2 2 3 16 44 11 73 47 24 16 14 9 UNDER 200 0 1 1 2 6 16 4 28 11 5 10 4 2 200 - 50C 0 1 1 1 9 15 5 24 18 3 2 1 4 500 - 1000 0 0 0 0 1 10 2 12 7 9 3 4 2 0 0 0 0 0 3 C 9 11 7 1 5 1 0 0 0 0 0 1 C 2 2 C 0 2 0 PRIME OUTSIDE NEW YORK 3 / 0 0 0 0 0 0 0 5 1 3 1 1 1 NONPRIME 0 0 0 0 0 2 € 2 fi 4 0 2 0 OVER 1000 PRIME IN NEW YORK 3 / 1/ INCLUDES C E R T I F I C A T E S I N DENOMINATIONS CF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT CF CONDITION ON DECEMBER 31, 1965. 3 9 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 i OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- DEPOSITS I N THE DENOMINATOR OF THE RATIO INTERBANK AND U . S . GOVERNMENT DEPOSITS. IN T H I S TABLE ARE TOTAL DEMAND AND TIME D E P O S I T S , INCLUDING e # e # # # # # # TABLE 6A MATURITY 0 1 S T R I BUT ION CF OUTSTANCING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT 1 / AT WEEKLY REPORTING BANKS BY FFOEFAL RESERVE D I S T R I C T AS OF 28 (AMOUNTS C D ' S MATURING IN ALL 01STRICTS BOSTON 429.0 17.1 SEP 4626.5 OCT IN AUG 1 9 6 8 MILLIONS OF DOLLARS) MINNEAPOLIS KANSAS C I TY DALLAS SAN FRANCISCO 8.1 3.8 10.8 45.3 110.1 648.3 80.8 53.7 98.6 307.1 638.6 105.3 511.3 59.9 56.0 110.1 242.2 588.6 84.1 361.3 56.5 32.6 61.2 170.4 502.6 61.4 83.1 399.6 52.7 58.0 63. 9 162.8 392.2 180.2 31.5 78.6 468.2 38.6 64.0 75.0 278.1 529.0 38.4 105.8 20.1 57.9 197.5 37.6 23.8 33.2 84.7 270.4 350.5 39.8 31.7 7.5 21.5 103.1 12.5 7.6 7.4 39.0 137.6 34.8 276.5 20.4 68.8 9.9 9.0 69.9 28.9 8.2 8.7 32.2 89.2 422.3 21.3 137.1 13.2 21.8 4.1 12.5 83.2 12.5 3.9 4.6 21.1 87.0 599.3 48.8 214.7 29.2 66.7 4.0 22.4 87.5 9.3 5.9 8.2 29.0 73.7 JUL 466.5 14.8 120.5 23.4 73.9 2.6 27.8 54.0 6.5 5.6 12.2 50.8 74.4 AUG 271.0 11.6 79.9 6.3 61.0 1.7 8.1 32.0 1.2 3.6 4.8 12.3 48.5 SEP OR LATER 595.0 37.3 159.5 22.8 196.5 10.2 18.6 64.4 7.0 0.0 2.5 34.4 41.8 22306.3 1361.3 8047.0 654.9 1680.8 406. 1 691.6 3131.7 412.1 326.7 501.2 1509.4 3583.7 AVERAGE MATURITY I N MONTHS 2 / 3.6 3.3 3.5 4.0 5.0 2.9 3.7 3.6 3.7 3.5 3.2 3.5 3.6 NUMBER OF REPORTING BANK S 2*4 18 49 10 19 16 21 11 5 21 25 33 PHI L A DELPHIA CLEVELAND RICHMONO ATL ANTA 115.9 10.8 37.1 9.7 8.9 51 . 4 293.7 1829.6 143.3 266.7 112.3 153.8 3518.9 312.9 1128.9 101.0 227.8 74.8 NOV 2645.8 201.7 874.9 72.0 172.2 56.3 DEC 3081.7 150.2 1421.2 66 . 0 170.6 1 9 6 9 JAN 2939.9 123.6 1004.8 68.3 FEB 1255.3 52.9 333.0 MAR 798.8 40.7 APR 656.5 HAY J UN 1 9 6 8 AUG 2 8 - A U G 31 TOTAL * NEW YORK 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 2/ SEE TECHNICAL * APPENDIX B . D E T A I L S MAY NOT ADD TO TOTALS OLE TO ROUNDING. CHICAGO 36 ST. LOUI S OR MORE BY WEEKLY REPORTING BANKS. • s e e # # # e TABLE 6 6 1/ 2/ SALES OF NEGOTIABLE TIME 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 28 (AMOUNTS C D ' S MATURING 1968 IN ALL DISTRICTS BOSTON NEW YORK IN M I L L I O N S OF COLLARS) PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 7. C 20.3 103.1 153.8 SEP 1072.4 75.8 473.3 23.1 52.2 25.3 30.4 93.2 14.9 OCT 614.6 53.5 238.3 22.4 30. 1 6.8 12.2 85.5 6.9 7.2 17.5 31.8 102.4 NOV 1017.4 75. 8 364.9 29.3 45.4 19.9 26.5 143.6 16.2 13.7 28.7 72.0 181.4 DEC 339.2 17.3 149.7 9.3 23.5 3.3 14.9 52.6 2.0 4.2 11.3 7.0 44.1 1 9 6 9 JAN 341.7 20.4 100.6 10.1 6.4 2.4 8.4 75.6 9.3 12.3 11.1 12.3 72.8 FEB 645.6 23.7 146.1 26.4 49.4 9.0 40.2 98.3 19.9 12.5 28.2 57.7 134.2 MAR 1C9.3 7.3 43.0 1.6 4.0 0.7 6.2 10.3 3.6 4.8 1.3 3.4 23.1 APR 95.1 8.2 41.7 1.8 12.1 0.5 2.9 7.9 0.4 2.3 1.5 3.4 12.4 MAY 74.4 4.4 32.0 3.6 4.4 0.1 3.9 9.1 2.0 2.7 0.3 2.4 9.5 JUN 40. 4 3.2 11.3 1.3 2.7 0.5 5.7 5.0 0.0 2.4 0.0 3.1 5.2 JUL 29.2 0.7 0.5 1.3 2.7 0.3 5.0 4.1 1.2 1.0 1.1 5.5 5.8 299.0 13.3 83.3 4.8 85.6 1.5 8.3 35.1 5.6 0.6 4.8 9.5 46.6 4678.3 303.6 1684.7 135.0 319.5 70.3 164.6 620.3 82.0 7C.7 126.1 311.2 791.3 3.6 3.1 3.1 3.6 5.6 2.6 4.3 3.7 4.2 4.3 3.5 3.1 3.7 AUG OR LATER TOTAL * AVERAGE MATURITY I N MONTHS 3 / 1/ SEE TECHNICAL APPENDIX A . 2/ INCLUDES ONLY C E R T I F I C A T E S ISSUED I N DENCM NATIONS OF $ 1 0 0 , 0 0 0 3/ SEE TECHNICAL APPENDIX 8 . * AUG 1 9 6 8 D E T A I L S MAY NOT ADD TO TOTALS DUE TO ROUNDING. OR MORE BY WEEKLY REPORTING BANKS. • • • • • • • • • • TABLE 6C MATURI TY D I S T R I B U T I O N OF OUT ST ANCING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT 1 / AT WEEKLY REPORTING BANKS 6Y FECEPAL RESERVE D I S T R I C T AS OF 28 AUG 1 9 6 8 (PERCENTAGE D I S T R I B U T I O N ) CD* S HATUR ING 1968 IN ALL DISTRICTS DALLAS SAN FRANCISCO 2.2 3.0 3.1 16.4 19.7 20.3 17.8 14.5 17. 1 22.0 16.0 16.4 11.6 13.7 10.0 12.2 11.3 14.0 12.0 12.8 12.8 17.8 12.7 10.8 10.9 7.8 11.4 14.9 9.4 19.6 15.0 18.4 14.8 6.3 4.9 8.4 6.3 9.1 7.3 6.6 5.6 7.5 6.1 1.9 1.8 3.1 3.3 3.0 2.3 1.5 2.6 3.8 3.4 3.1 4.1 2.4 1.3 2.2 7.0 2.5 1.7 2.1 2.5 1.6 1.7 2.0 1.3 1.0 1.8 2.7 3.0 1.2 0.9 1.4 2.4 2.7 3.6 2.7 4.5 4.0 1.0 3.2 2.8 2.3 1.8 1.6 1.9 2.1 JUL 2.1 1.1 1.5 3.6 4.4 0.6 4.0 1.7 1.6 1.7 2.4 3.4 2.1 AUG 1.2 0.9 1.0 1.0 3.6 0.4 1.2 1.0 0.3 1.1 1.0 0.8 1.4 SEP OR LATER 2. 7 2.7 2.0 3.5 11.7 2.5 2.7 2.1 1.7 0.0 0.5 2.3 1.2 100.0 100.0 100.0 100.0 100 . 0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 AUG 28—AUG 31 BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA 1 .6 2.2 2.4 1.3 CHICAGO ST. LOUIS MINNEAPOLIS 1.6 2.0 1.2 1.9 1.3 1.4 SEP 20.7 21.6 22.7 21.9 15.9 27.7 22.2 20.7 19.6 OCT 15. 8 22.9 14.0 15.4 13.6 18.4 15.2 16.3 NOV 11.9 14.8 10.9 11.0 10.2 13.9 12.2 13.8 11.0 17.7 10.1 10.1 15.1 1 9 6 9 JAN 13.2 9.1 12.5 10.4 10.7 FEB 5.6 3.9 4.1 5.9 MAR 3.6 3.0 4.3 APR 2.9 2.6 MAY 1.9 JUN DEC TOTAL » 1/ • INCLUDES ONLY C E R T I F I C A T E S ISSUED I N DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. KANSAS CITY 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 1 / AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 28 (CUMULATIVE AUG 1 9 6 8 PERCENTAGE! ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1.6 2.0 1.2 2.2 3.0 3.1 23.5 22.3 21.6 17.6 21.9 23.3 20.9 48.5 38.7 38.6 36. 1 34.7 43.9 39.3 37.3 41.9 62.4 50.9 50.2 49.8 44.7 56.1 50.6 51.3 60.0 52.0 77.5 62.9 63.0 62.6 62.5 68.8 61.4 62.2 79.2 70.4 62.7 85.3 74.3 77.9 12.0 62.1 83.8 79.8 77.0 84.6 83.3 76.3 69.0 90.2 82.7 84.2 61.1 69.4 90.4 85.4 84.5 66.5 87.6 87.6 82.4 70.9 92.0 85.8 87.5 84. 1 91.7 91.9 88.0 88.3 APR 89.4 90.2 91.0 85.5 75.0 94.4 87.1 89.7 91.1 94.2 93.6 90.1 90.8 MAY 91.3 91.8 92.7 87.5 76.3 95.4 88.9 92.4 94.1 95.4 94.5 91.5 93.2 J UN 94.0 95.4 95.4 92.0 80.3 96.4 92.1 95.2 96.4 97.2 96.1 93.4 95.3 JUL 96. 1 96.5 96.9 95.6 84.7 97.0 96.1 96.9 98.C 96.9 98.5 96.8 97.4 AUG 97.3 97.4 97.9 96 . 6 88.3 97.4 97.3 97.9 98.3 ICC.C 99.5 97.6 98.8 1C0.0 100. 0 1 00.0 100 . 0 100.0 100.0 100.0 100.0 100.0 ico.o 100. 0 100.0 100 . 0 C D ' S MATURING IN ALL DISTRICTS BOSTON 1.9 1.3 1.4 SEP 22.6 22.9 OCT 38.4 NOV CLEVELAND RICHMOND ATLANTA 1 .6 2.2 2.4 1.3 24.1 23.5 18.1 30.1 45.8 38.1 38.9 31.7 5C.3 60.6 49.0 49.9 64.1 71.6 66.7 1 9 6 9 JAN 77.3 80.7 FEB 62.9 MAR 1 9 6 8 AUG 28-•AUG 3 1 DEC • SEP OR LATER 1/ NEW YORK PHI L A DE L PH I A INCLUDES ONLY C E R T I F I C A T E S ISSUED I N DENCM NATI CNS OF $ 1 0 0 , 0 0 0 CHICAGO OR MORE BY WEEKLY REPORTING BANKS. TABLE 6E 1/ 2/ SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT WEEKLY REPORTING BANKS BY FEDERAL RESERVE C I S T R I C T AS OF 28 SINCE PREVIOUS MONTH AUG 1 9 6 8 (PERCENTAGE D I S T R I B U T I O N ) C D ' S MATUR ING IN ALL DI S TRICTS BOSTON SEP 22.9 25.0 OCT 13.1 NOV MINNEAPOLIS KANSAS C I TY DALLAS SAN FRANCISCO 18.2 9.9 16.1 33.1 19.4 13.8 8.4 10.2 13.9 10.2 12.9 16.1 23.2 19.8 19.4 22.8 23.1 22.9 4.7 9.1 8.5 2.4 5.9 9.0 2.2 5.6 2.0 3.4 5.1 12.2 11.3 17.4 8. 8 4.0 9.2 19.6 15.5 12.8 24.4 15.8 24.3 17.7 22.4 18.5 17.0 2.6 1.2 1.3 1.0 3.8 1.7 4.4 6.8 1.0 1.1 2.9 2.7 2.5 1.3 3.8 0.7 1.8 1.3 0.5 3.3 1.2 1.1 1.6 1.6 1.4 1.9 2.7 1.4 0.1 2.4 1.5 2.4 3.8 0.2 0.8 1.2 JUN 0.9 1.1 0.7 1.0 0.8 0.7 3.5 0.8 0.0 3.4 0.0 1.0 0.7 JUL 0.6 0.2 0.0 1.0 0.8 0.4 3.0 0.7 1.5 1.4 0.9 1.8 0.7 AUG OR LATER 6. 4 4.4 4.9 3.6 26 . 9 2.1 5.0 5.7 6.8 0.8 3.8 3.1 5.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 NEW YORK PHILADELPHIA CLEVELAND R ICHMONO ATL ANTA 28.1 17.1 16.4 36.0 16.5 15.0 17.6 14.1 16.6 9.5 9.7 7.4 21.7 25.0 21.7 21.7 14.3 28.3 DEC 7.3 5.7 8.9 6.9 7.4 1 9 6 9 JAN 7.3 6.7 6.0 7.5 FEB 13. 8 7.8 8.7 MAR 2.3 2.4 APR 2.0 MAY 1968 TOTAL » CHICAGO ST. LOUI S 1/ SEE TECHNICAL APPENDIX A . 2/ INCLUDES ONLY C E R T I F I C A T E S ISSUED I N DENOMINAT ICNS OF SlOOtOOO OR MORE BY WEEKLY REPORTING BANKS. NOTE * SALES IN T H I S TABLE ARE NOT ADJUSTED FOR C D ' S THAT HAVE MATURED. D E T A I L S MAY NOT ADO TO TOTALS DUE TO ROUNDING.
@FedFRASER