Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : November 29, 1973

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F E D E R A L

R E S E R V E

statistical

release

DEC - 6 1973

G.9

HDHUiL RESERVE B E OF M

For immediate release
™

November 29, 1973

MATURITY DISTRIBUTION OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSITS
The total of outstanding negotiable time certificates of deposits
(CD's) in denominations of $100,000 or more at large commercial banks as of
October 31, was $65.5 billion. This was $1.4 billion less than reported
for the September survey. A year ago all reporting banks had $42.3 billion
of large denomination certificates outstanding.
The certificates maturing on December 10 and December 17 tax
and dividend dates totaled $3,351 billion compared with $1,789 billion for
the corresponding survey a year ago.
The average maturity of total certificates outstanding was
2.4 months compared with 2.5 months for the previous survey. For the
comparable survey a year ago, the average maturity for outstanding certificates was 2.9 months.
The distribution of maturities by bank size is shown on the
back of this release.
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS, October 31, 1973

CD's Maturing in
1973--November
December 1/
1974—January
February
March
April
May
June
July
August
September
October
Over 12 months
Total
1/

In millions
of dollars
23,304.7
17,176.3
11,115.2
3,433.2
2,850.1
1,876.0
896.4
1,080.9
807.0
807.2
433.6
288.3

Percentage
distribution
35.6
26.2
17.0
5.2
4.4
2.9
1.4
1.7
1.2
1.2
.7
.4

Cumulative
percentage
35.6
61.8
78.8
84.0
88.4
91.3
92.7
94.4
95.6
96.8
97.5
97.9

1,389.0

2.1

100.0

65,457.8

100.0

XXX

Includes $1,443 bi] lion maturing on December 10, and $1,908 billion
maturing on December 17.




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
By Size of Bank

1/

(Amount in millions of dollars as of October 31, 1973)

Period of
maturity

1973—November
December
December 10
December 17
1974—January
February
March
April
May
June
July
August
September
October
November
or later
Total

T o t a l
D e p o s i t s
of
b a n k
2/
Under
$200 million to $500 million $1 billion
$200 million
$500 million to $1 billion and over

1,128.5
784.1
52.3
56.5
644.9
188.0
145.3
121.8
67.3
67.4
53.5
47.3
33.5

3,004.9
2,081.5
158.3
154.6
1.536.4
400.2
327.3
325.0
147.8
105.2

26.1

51.8
29.0

47.3
82.3

15,370.3
11,475.2
996.8
1,478.7
7,147.5
2,284.7
1,913.3
1,085.1
497.6
760.9
553.2
626.5
301.0
150.9

123.7

126.7

293.4

845.3

3,431.4

8.320.5

10,693.9

43,011.5

118.1
66.6

3,800.9
2,835.4
235.7
218.4
1,786.4
560.3
464.1
344.0
183.7
147.3
82.0

66.8

Total

23,304.6
17.176.2
1.443.1
1.908.2
11.115.2
3,433.2
2.850.0
1,875.9
896.4

1,080.8
806.8
807.2
433.6
288.3

23,304.6
40,480.8

51.596.0
55,029.2
57.879.2
59.755.1
60,651.5
61.732.3
62.539.1
63,346.3
63,779.9
64.068.2

1.389.1 65.457.3
65.457.3

Average maturity
2.7
2.3
(in months)
2.4
2.3
2.4
Number of banks
89
87
reporting
51
37
264
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.




Cumulative
Total