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U

E .8

F o r .immediate releas
September 3, 1964.

U i '

MATURITY DISTRIBUTION OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

V XV

This release summarizes the results of the second quar­
terly survey of the maturity structure of outstanding negotiable
time certificates of deposit in denominations of $100,000 or more.
Of the 347 banks surveyed, 249 reported outstanding CD's totaling
$12.2 billion on the August 19 survey date.
Maturities are heaviest during the five months ending in
January, with nearly $9.5 billion, or about 77 per cent of outstand
ing CD's maturing within that period. The largest monthly total,
$2.2 billion, will occur during September, when corporate needs for
funds for tax and dividend payments will be heavy. Concentration 1
of maturities in the five-month period is somewhat less at smaller
than at large banks. The average maturity of outstanding CD's in
September, at about four months, is slightly shorter than at the
time of the May survey.
Outstanding Negotiable Time Certificates of Deposit
All Weekly Reporting Member Banks
August 19, 1964
Cumulative |
percentage

In millions
of dollars

Percentage
distribution

1964--August 20-31
September 1 /
October
November
December

414.1.
2,156.7
2,008.8
1,523.1
1,859.2

3.4
17.7
16.5
12.5
15.2

. 3.4
21.1
37.6
50.0
65.3

1965--January
February
March
April
May
June
. July
August
Sept, or later

1,459.7
755.7
649.9
339.4
201.5
269.9
190.7
104.2
260.5

12.0
6.2
5.3
2.8
1.6
2.2
1.6
.9
2.1

77.3
83.5
88.8
91.6
93.2
95.4
97.0
97.9
100.0

12,193.4

100.0

Period of maturity

Total
1/

Includes $109 million maturing on September 10 and $708 on
September 15.




;

!

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
By Size of Bank JL/
(Amounts in millions of dollars, as of August 19, 1964)
Period of
maturity

Under
$100 million

1964
August 20-31
September
1Jjober
November
December

4.6
31.7
28.3
20.0

19.0

o f
Bank
T o t a l
D e p o s i t s
2/
$100 million to $200 million to $500 million to
$500 million
$1 billion
$200 million

$1 billion
or more

Total

13.2
56.5
54.9
44.1
29.7

77.9
346.4
225.8
226.0
198.3

78.7
418.5
371.9
237.6
325.7

239.7
1,303.6
1,327.9
995.4
1,286.5

414.1
2,156.7
2,008.8
1,523.1
1,859.2

414.1
2,570.8
4,579.6
6,102.7
7,961.9

214.7
123.7
91.7
51.0
28.6
33.3
14.5
11.7

1,047.4
501.6
465.6
228.0
127.2
161.6
117.3
53.3

1,459.7
755.7
649.9
339.4
201.5
269.9
190.7
104.2

9,421.6
10,177.3
10,827.2
11,166.6
11,368.1
11,638.0
11,828.7
11,932.9
12,193.4

1965
January
February
March
April
May
June
July
August
September or
later
Total

15.0
13.4
9.7
7.9
4.5
8.3
4.8
2.9

35.7
5.7
8.7
6.1
7.4
15.1
5.1

146.9
96.4
77.2
43.8
35.1
59.3
39.0
31.2

3.4
173.5

9.5
312.3

30.4
1,633.7

24.5
2,026.1

192.7
8,047.8

260.5
12,193.4

Sept. 10
Sept. 15

3.6
1.5

2.0
6.0

11.3
71.9

27.6
168.9

65.0
460.1

109.5
708.4

56

55

69

39

30

1)

Number of
banks re­
porting
JL/
2/

Cumulative
total

20.6

249

Includes only negotiable certificates in denominations of $100,000 or more outstanding at weekly reporting member banks.
As reported in the Call Report of Condition of June 30, 1964.




Banking Section,
September 3, 1964.