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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.




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