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YW. FEDERAL RESERVE statistical release For immediate release G.9 January 2.1, 1971 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT The total of outstanding negotiable time certificates deposit (CD's) in denominations of $100,000 or more at large commercial banks as of December 30 was $26.1 billion. This was $0.8 billion more than reported for the November survey. A year ago all reporting banks had $10.9 billion of large denomination certificates outstanding. The certificates maturing on the March 10, March 15, and April 15 tax and dividend dates totaled $1,624 billion, compared with $1,286 billion for the corresponding survey a year ago. The average maturity of total certificates outstanding was 3.2 months, compared with 3.1 months for the previous survey. For the comparable survey a year ago, the average maturity for outstanding certificates was 3.1 months. The distribution of maturies by bank size is shown on the back of this release. OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS, December 30, 1970 CD's Maturing in 1970--December 31 1971—January February March 1/ April 2/ May June July August September October November December 1972—January or later 1/ 2/ In millions of dollars Percentage distribution 851.4 7,490.2 3,762.2 4,050.4 2,950.0 1,356.6 1,827.0 682.8 430.5 632.8 692.5 539.0 357.3 503.9 3.3 28.7 14.4 15.5 11.3 5.2 7.0 2.6 1.6 2.4 2.7 2.1 1.4 1.9 Cumulative percentage 3.3 32.0 46.4 61.9 73.2 78.4 85.4 88.0 89.6 92.0 94.7 96.8 98.2 100.0 100.0 26,126.4 Total Includes $213 million maturing on March 10 and $568 million maturing on March 15. Includes $844 million maturing on April 15. MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS By Size of Bank 1/ (Amounts in millions of dollars as of December 30, 1970) Period of maturity 1970 December 31 1971 January February March March 10 March 15 April April 15 May June July August September October November December 1972 January or later 2/ of b a n k D e p o s i t s T o t a l $200 million to $500 million $1 billion Under to $1 billion and over $200 million $500 million Total 32.0 122.4 120.0 577.0 851.4 502.3 275.8 272.6 1,110.9 494.3 503.5 1,353.9 643.4 711.9 4,523.1 2,348.6 2,562.3 15.9 25.0 19.2 32.8 24.0 61.8 153.6 448.6 163.3 304.5 395.1 2,087.0 18.5 24.8 33.3 766.9 843.5 118.5 127.4 52.9 34.2 48.5 30.0 21.5 18.8 247.7 284.9 99.2 89.3 98.3 91.0 66.6 53.0 227.4 291.1 114.8 70.6 90.4 73.6 109.3 44.6 762.9 1,123.5 415.9 236.4 395.6 497.8 341.6 240.8 1,356.5 1,826.9 682.8 430.5 632.8 692.4 539.0 357.2 22.4 56.3 85.4 339.6 Cumulative total 851.4 7.490.2 8,341.6 • 3,762.1 12,103.7 4.050.3 16,154.0 212.7 568.2 # 2,949.9 19,103.9 20,460.4 22.287.3 • 22,970.1 23,400.6 24.033.4 24,725.8 25,264.8 25,622.0 • 503.7 26,125.7 16,452.1 26,125.7 4,331.5 3,621.9 1,720.2 Total Average maturity 3.0 3.2 3.2 3.0 3.2 (in months) Number of banks 37 254 48 86 83 reporting 1_/ Includes certificates in denominations of $100,000 or more issued by weekly reporting banks. 2/ Total deposits as reported in the Call Report of Condition on December 31, 1965. Details may not add to totals because of rounding. #