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FEDERAL RESERVE r e l e a s e G. 9 For immediate release January 7, 1970 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT The total of outstanding negotiable time certificates of deposit (CD's) in denominations of $100,000 or more at large commercial banks as of November 26 was $11.3 billion, the smallest amount outstanding since the survey began May 1964. This was a decrease of $.2 billion from the total reported in the previous month's survey. A year ago all reporting banks had $24.3 billion of large denomination certi ficates outstanding. The certificates maturing on the December 10 and December 15 tax and dividend dates totaled $496 million, compared to $1,447 million for the corresponding survey a year ago. The average maturity of total certificates outstanding, at 3.2 months, was slightly shorter than the average maturity reported for the previous month's survey. For the comparable survey a year ago, average maturity for outstanding certificates was 3.1 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, November 26, 1969 w —-3 ---~ Percentage Cumulative In millions CD's Maturing in distribution percentage of dollars 1969— November 27-30 2.1 233.0 2.1 December 1/ 26.0 2,942.5 28.1 1970--january February March April May June July August September October November December or later TOTAL 2,597.2 1,394.4 923.0 997.8 707.9 263.9 290.7 137.4 225.8 225.2 112.9 268.2 22.9 12.3 8.2 8.8 6.3 2.3 2.6 1.2 2.0 2.0 1.0 2.4 51.0 63.3 71.5 80.3 86.6 88.9 91.5 92.7 94.7 96.7 97.7 100.0 11,319.9 100.0 XXX 1/ Includes $119 million maturing on December 10 and $377 million maturing on December 15. Details may not add to totals due to rounding. MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS By Size of Bank 1/ (Amounts in millions of dollars, as of November 26, 1969) Period of maturity 1969 November 27-30 December 2/ T o t a 1 D e p o s i t :s o f B a n k Under $200 million to $500 million $1 billion $200 million $500 million to $1 billion and over Total Cumulative total 233.0 3,175.4 23.9 250.9 53.4 511.2 43.8 579.9 111.9 1,600.4 233.0 2,942.4 December 10 December 15 20.1 21.1 27.0 41.7 21.4 81.7 50.7 232.8 119.2 377.3 1970 January February March April May June July August September October November December or later 213.9 112.8 94.0 78.8 63.5 18.0 17.4 8.4 8.7 4.2 5.6 9.4 358.4 267.0 135.8 159.6 141.3 46.5 24.0 20.9 53.7 23.1 14.4 31.1 435.6 228.7 203.5 194.7 136.8 37.6 53.2 14.6 35.9 26.7 13.9 50.1 1,589.2 785.8 489.7 564.6 366.2 161.8 196.0 93.6 127.4 171.2 78.9 177.5 2,597.1 1,394.3 923.0 997.7 707.8 263.9 290.6 137.5 225.7 225.2 112.8 268.1 909.5 1,840.4 2,055.0 6,514.2 11,319.1 TOTAL 5,772.5 7,166.8 8,089.8 9,087.5 9,795.3 10,059.2 10,349.8 10,487.3 10,713.0 10,938.2 11,051.0 11,319.1 Average maturity 3.2 2.8 3.1 3.1 3.3 (in months) Number of banks 90 49 260 84 37 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. o