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L.4.1
CONFIDENTIAL (FR)

March 26, 1975




SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS

as of
February 26, 1975

NOTE;

Sales since the previous survey and
comparison with previous data reflect
revisions in the January report whereby
$169.0 million in outstanding negotiable
CD's have been deducted from the series.

Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System

TABLE 1
1/
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME CERTIFICATES OF DEPOSIT AT
WEEKLY R E P O R T I N G B A N K S
AS OF 26 FEB 1975
AMOUNT
(MILLIONS OF
DOLLARS)

I M A T U R I N G IN

PERCENTAGE
01STRIBUTION

CUMULATIVE
PERCENTAGE

SALES SINCE
PREVIOUS M O N T H 2/
(MILLIONS OF D O L L A R S )

*,134.7

5.9

5.9

.0

NAPCK

32,727.0

37.3

43.2

11,779.9

APRIL

19,2*1.0

22.0

65.2

6,078.7

MAY

i FEBRUARY

2 7 - 2B

10,168.6

11.6

76.a

4,956.6

JUNE

*,395.5

6.1

P2.°

1 ,879.2

JULY

4,305.#

4.9

87.8

823.0

AUGUST

3,565.8

4.1

91.0

2,669.4

972.6

1.1

93.0

350.7

1,094,6

1.2

94.2

248.8

NOVEMBER

P31.2

.9

91.1

341.4

DECEMBER

57#.6

.7

95.P

191.3

1,474.6

1.7

97.5

382.3

SEPTEMBER
OCTOBER

, JANUARY
FEBRUARY

1,037.1

1.2

98.7

O V E R If M O N T H S

1,155.2

1.3

100.0

XXX

#7,732.1

100.0

XXX

30,920.0

TOTAL

#MEMORANDUM;
M A R C H |0
M A R C M §7
A*#:L 1%

2,222.4
2,9*2.1
1,#47.2

1,218.7 3/

TAX A N D D I V I D E N D M A T U R I T I E S )
2.5
3.4
2.1

XXX
XXX
XXX

844.8
1 ,293.2
624.3

1/

W t i t B f $ O N L Y C E R T I F I C A T E S IN D E N O M I N A T I O N S OF S 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .

?/

Sf I

3/

SAL** OF C * * S * A # * ; T

TECHNICAL




*P»F*#OI

A.
AF#E* $1 " O N T W S .

1S9LE ?A
1/
O l f T l l i U T T O N OF O U T S T A N D I N G N E G O T I A B L E TJMF CERTIFICATES OF D E P O S I T AT
N E W V O U * C I T V , CHICAGO* AND ALL OTHER WEEKLY REPORTING BANKS

msiwiw

AS OF 26 FEF 1*7%
I IN M I L L I O N S OF D O L L A R ? )
N f N VOU* C I T V
< © • $ M A T U R I N G IK

AMOUNT

CHICAGO
AMOUNT

S A l f S SINCE
PREVIOUS MONTH 2/

ALL OTHER W E E K L Y REPORTING BANK

SALFS SINCE
PREVIOUS MONTH 2/

AMOUNT

SALES SINCE
^
P R E V I O U S MONTH 2/

:#602.1

.0

too.e

.0

2,972.8

MARCH

10,617.1

3,4#*.0

2,*21.6

827.1

1%,C88.3

1

ltti H i

2 ? - fit 2#

.V
'467.8

APRIL

6,677.6

1,740.3

2,570.9

1,081.0

10,(42.5

3,256.5

MAY

Se9SS.#

%,#6*.«

1,0*1.1

*7P.7

160.1

2,508.0

JUNE

2,33#.$

*93*

4*4.0

140.1

2,603.0

785.6

JUL*

*,76#.%

301.7

31#.2

60.7

?,?)<.5

AUGUST

2*0.7

1.017.4

194.1

148.4

2,090,%

1 ,503.5

IFFFLFIII

277.1

136.2

6*.4

4P.1

6 30.1

166.6

27.2

107.0

39.7

668.1

181.9

##VE##E*

230.:

*#.*

#2.2

31.*

MP.9

261.4

OECEMSE#

160.4

27.2

32.#

9.1

38<.4

155.0

39.*

407.6

145.5

581.2

196.6

280.1

2P*. * /3

620.1

6 7 4 . 4 /3

OCTOBER

4#*.*

5

WE#

f

ITFFR J A N U A P V

660. 6

136.#

2*#.7 n

12 MONTHS

2i:.«

XXX

27.E

XXX

915.3

XXX

30,262.2

9.90*.*

9,012.6

3,396.?

6P,656.8

17,617.7

TOTAL #
N U M B E R OF H E W TING B A S K S

12

11
(MEMORANDUM

M A R C H *#
M A R C # A?
A M U IS
1/ m O L W i S e m v

6+0.0
1,0*2.4
767.4

S / S A L E S OF c o n

202.#
346.7
1*1.0

C S * T | F K A T E S IN D E N O M I N A ? I O N OF S 100,000 O * WORE

ti SEE TECHNICAL APPENDIX A .
M A T U R I N G AFTER

T O T A L S W t r NOl AGO
Digitized for# FRASER


out

11 M O N T H S .

10 BOUNOINf*.

227

TAX A N D D I V I D E N D M A T U R I T I E S )
194.6
206.#
272.2

84.6
90.1
109.1

ISSUED F*Y W E E K L Y R E P O R T I N G B A N K S .

1.337.8
1.721.9
807.6

557.3
855.1
376.3

#




TABLE 28

P S T W I W

eiSTmetmoN
NFV

OF OUI$TANOI*S NEGOTIABLE

TON* CITY, CHICAGO#
A$ OF

A W

26 F E B

TIME C E R T I F I C A T E S

AIL O T H E R W E E K L Y R E P O R T I N G

1 * 7 % A N D 29 J A W

1/
OF D E P O S I T *T
BANKS

I975

IPE»CFNTA6F DISTRIBUTION!

NFti V O # K

01 MONTHS

.)
3/

26 FEB

ALL
29 JAN

26 FEB

29 J A N

^.0

6.7

5.2

6.1

5.1

36.9

31.3

41.P

39.4

39.4

22.1

23.*

2R.S

21.1

20.7

23.1

0 ) MONTH?

13.1

l«.§

11.7

1<.7

10.7

13.5

04 MONTHS

7.7

6.7

<.0

*.0

5.4

5.3

4.4

3.5

3.6

3.3

6.6

06 MONTHS

4.2

4.7

2.2

2.7

4.3

3.5

0 7 MONTHS

.9

.8

.7

.9

1.3

1.2

MONTHS

lei

1.2

.2

1.4

.9

.9

.7

1.1

1.0

m

0# MONTHS
IO t m m m
n

MONTHS

.*

.#
.*

.9
.6

.4

.4

.8

.5

.4

4.S

.3

1.2

.5

1.4

3.1

2.8

1.3

.8

.7

.3

.3

1.9

1.7

100.0

100.0

100.0

100.0

100.0

1.6

12 M O N T H S
12 m o n t h s

101A4 .

*

1/ INCLMOF $ O N L ¥ ( F M I M C L I B
•SUES.

IN D I N O * ! N A T I O N S

100.0

1 1 0 0 . 0 0 0 OR

MORE

I S S U E D BY W E E K L Y R E P O R T I N G

? / N U H B I S O F © A Y F #E##A:##:##$ IN S U R V E Y M O N T H . T H I S P E R I O D V A R I E S W I T H T H E N U M B E R
* 0 1 L O V I N G IKI L A S T tffONfSOAV O F T H § M O N T H .
S / NU###F# 0 # M O U T H S FOLLO##:### THE
•

OTHER

0 2 MONT###

0# MONTHS

m m

CHICAGO

?9 JAN

26 FEB

©~6 OAVf 2/

C fTV

TOTALS W A V NOT

SURVEY MONTH,

6 0 0 OTFF T O R O W O I N G .

OF

DAYS

TABLF

?C

3/
KAlliRllV P l $ 1 P | M S T f f W OF O V T t r t H O f M C *fFGC*TtA6LF TI"F CERTIFICATES OF DEPOSIT AT
MfM vfWK C I T V * C H I C A G O , AND ALL OTHFR W F F K L * P F * D R : T N C
A* OF 26

C

AMKS

I*"** AND 29 JAN 1*75

ICUMULATIVF D I S T R I B U T I O N )

tft»$ W A T W 1 N 6




IH

0 - 6 D A Y S 2/

m m

H I W VD#K CI*V
— «
?6 F|S
2* J A N

* 3

S.O

CHICAGO
2 6 FEB
6.7

ALL OTHER
2 9 JAN

26 FFB

?9 JAN

S.2

6.1

*.1
66.5

01 MONTHS 3 /

41.0

39.*

38.0

47.0

&5.S

0 2 MONTHS

63.1

63.4

66.4

68.1

66.2

67.6

03 MONTHS

76.2

79.2

7ft.2

83.P

76.9

81.1

0 * MONTH*

#3.9

E*.9

A3.2

8F.8

82.3

86.4

0% MONTHS

69,7

90.3

86.7

92.1

86.9

90.0

OFE M O N T H S

93.9

*4.0

88.9

94.8

91.2

93.5

0 7 MONTHS,

94.B

9S.B

P*.6

95.3

*2.5

*4.7

OB MONTH*

9*.9

96.3

90.8

94.4

93.9

95.6

0 9 MONTHS

96.7

*7.2

*1.7

*6.2

95.0

96.6

IC M O N T H S

97.2

97.R

92.1

96.7

95.8

97.1

IT M O N T H S

96.B

96.2

96.6

*7.0

*7.0

97.6

12 M O N T H S

99.3

99.6

99.7

99.8

98.3

9P.4

100.0

100.0

100.0

100.0

100.0

100.0

if # # N T M $

1/ ItVCLtfOf$ m#LV C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR WORF
BANKS*

ISSUED BY WEFKLY REPORTING

2/ *##*&## CF D A Y S S F H A I N I N O IN SURVEY M O N T H . T H I S PERIOD V A R I E S WITH T H E NUMBER OF DAYS
#mLemur* w
tsrt W e d n e s d a y OF THE M O N T H .
1 / * # # * # # # OF

FflLLtmiNC, THE SURVEY M O N T H .

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TJ MF CERTIFICATES C«= DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/

taste 14

(AMOUNTS

A< O C 26 FEB
IN M I L L I O N S

19 7*
PTR D O L L A R S )
*1

CD'S MATURING

1*74 FEB

IN

27-2#

4,114.7

$200 MILLION

TO
$500 "ILL I O N

491.2

20P.2

AND

OVER
3/
OUTSIDE
NEW YORK
CITY

WON -PRIME

NEW YORK
CITY

TOTAL

6*7.3

3,768.0

i,54s.e

I,716.6

48*.6

9,997.2

8 ,838 .8

3 ,537.1

6,301.2

5,731.1

1 ,776.6

MARCH

32,727.1

1,717.4

3,799.2

4,P37.4

22,37?.]

APRIL

19,2*1.*

*10.*

2,000.2

2,*71.3

13 ,POR

WAY

10,168.«

501 .3

B9P.2

1,254.3

7,*06.7

3,614.3

2,806.1

886.3

JUNE

5.39S.3

214.0

491.P

6*8.3

6,031.2

2,229.7

1,238.3

563.2

JULY

4*305.P

173.*

3*2.0

37F.7

3 ,371 .6

1,719.3

1,141.7

510.^

AUGUST

3.565.6

143.6

300.2

367.A

2,7S4.0

1,256.7

1,237.1

260.2

*72.6

49.4

112.B

12%.4

685 .0

249.8

291.7

143.5

1,0*4.5

30.5

108.8

149.0

8 06.2

317.5

385.8

102.9

NOVEMBER

P31.1

30.7

P7.2

105.0

608.2

223.2

331.5

53.5

ntCEMPLP

578.%

19.0

52.7

*2.4

&14.4

1^8.7

188.3

67.4

1,239.9

456.3

617.3

166.3

814.o

136.6

588.0

90.3

SEPTEMBER
OCTOBER

1976

$200
MILLION
ANO UNDER

TOTAL

BILLION

PRIME

$*00 MILLION
TO
$1 B I L L I O N

JANUARY

1,474.*

35.6

96.6

112.2

FEBRUARY

1,037.0

28.*

7*.l

1 IB.*

MARCH

1,155.?

73 .7

*2.3

188.E

BIO.4

177.6

492.7

140.3

Pt,731.4

4,135.9

P.*6%.6

11,6*6.4

62,970.5

2°,583.7

25,605.0

8 ,781.8

MARCH *0

2,222.4

133.0

2*1.2

36*.3

1,472.9

6*0.9

588 .8

233.2,

MARCH

; ?

2**82.0

168.2

2*1.6

4&1.0

2,091.2

919.5

755.6

416.r

IS

1.P47.2

45.0

114.7

171.0

1,516.5

678.3

641.2

197.0

2^0

*3

37

7

12

18

OR

LATER

TOTAL *

TAX

APRIL

AND DIVIDEND M A T U R I T I E S )

|*EmR#Nr>UP:

1/ |Nt tUOl 5, C I M 1F|< &TFS !* M N O M | N A T | r N S
If TOlAl |tfcPO<II< A * RfPOcTfO IN Tnf C U L

4

1/ ##;*F

RRE

*A#w<

A$f

wfrtiA»tr

^

P$P(fT#0 tv r%ALf*S TO tPAOf WITHIN ; np
*
toisi < "AV Mil
?1 If v#s
FRASER

Digitized for


NUMBER OF RANKS )
50

BO

SVJf.,000 OR MOPE 1SSU 0 «V WEEKLY REPORTING BANKS.
M •x ^ CONDITION f»N O-CFMBFR 3! , 1°6S.
:

O«= O F P ^ S I T

Pf*lNI<

DOT

PCGARHFO

AS

BEING

OF

THE

HIGHEST

FAT% pTHER WITHIN THE SECONDARY MARKET.

DUALITY

AND

WHICH

ARE

TABLE

SALE 5 /!/ OF NEGOTIABLE TIMF CERTIFICATES OF DEPOSIT SINCE D E V I O U S MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE NR RANKS 3/
A< OF 26 FEB
I AMOUNTS IN MILLIONS OF DOLLARS >

SB

$1 B I L L I O N

co*$ m i m t m

tn

TOTAL

S200
MILLION
AND UNDER

t?00 MILLION
TO

$<00 MILLION

S500 MILLION
TO
SI BILLION

NEW YORK
CITY

19?* FEB

AND

PRIME

OVER
4/
OUTSIDE
NEW YORK
CITY

NON-PRIME

??~2»

MARCH

11,779.9

#44.5

1164P. 7

1 ,QSQ.O

7,326.8

3,247.1

2,686.1

1,393.6

APRIL

6,07#.#

31?.*

614.2

F69.8

4,277.3

1,639.8

2,134.8

502.7

MAY

4,9*6.6

244.1

434. P

60B.Q

3,668.8

I,801.1

1,464.1

403.6

JUNE

&,e?*.o

64.1

144.P

224.6

1,445.5

612.7

143.4

JULY
AUGUST

PPO.4

823.1

41.2

B1.4

107.3

593.2

288.7

249.9

54.6

2,669.4

98.1

212.6

256.s

2,102.2

996.4

974.3

131.5

SEPTEMBER

350.B

10.3

33.<

39.0

268.0

109.7

110.1

48.2

OCTOBER

24*.o

5*6

6

6*.6

154.1

27.2

113.3

13.6

NOVEMBER

341.3

9.F

3%.B

36.P

25P.Q

47.5

197.4

16.0

DECEMBER

191.2

4.4

A.7

19. «

156.6

27.0

125.5

JANUARY

3B2.4

4,1

26.0

29.5

322.P

39.9

264.6

18

1*21P.7

2P.1

66.6

78.<

1 ,04%.5

232.7

696.6

116.2

30,920.1

I,671.6

3,346.7

4,279.9

21,621.7

9,346.5

9,429.4

2,845.8

FEBRUARY
OR LATER
TOTAL •

TIV
I 10
#

1%

6.1

1

IKIN fiTwrncnn MI TI ID T T T T

#44.9

70.3

131.7

150.?

492.6

19%.8

20S.8

91 .0

1,293.2

103.0

150.5

267.9

771.6

332.3

300.2

139.3

624.2

i7.e

6B.6

77.P

680.2

128.8

302.5

48.9

NUMBER OF BANKS)
*3

SO

37

#/ til
APPtw ik *.
;/
uft *
IN f (NOMINATION* W *100,000 OF »Ck f !<r UED BY WfFKLY REPORTING BANKS.
T31A# ff$»0<I?« A!
1% TH* CAlt e$po#T OF CONDITION ON DECEMBER 31, 1*65.
4/ *f*M# *A\K< Af* 1*405$ WWpt# Nt40*:A*lf ffPI I N M A T E S OF *fpn«;T A*E RtGAROEO AS BEING OF THE HIGHEST DUALITY AND WHICH ARE
*$PO»TF( BY M A l f S t T( ?*A*f M1TMIS # "[V ? B A S M PflNT* mr
nTwpR wfTHlN THE SECONDARY MARKET.
*
T4 1A11 MAY WO# AOO *(*F 10 *04#N01NG.




IB

PA1UPITY

TA#lf

O I S T T I E U T L O N OR

OUTSTANDING NEGOTIABLE

TI*F

F'F D E P O S I T

CERTIFICATES

1/

AT WEEKLY REPORTING B A N K S BV S I Z E OF B A N K S ?/
A* OF 26 FEB I*?*
PERCENTAGE D I S T R I B U T I O N
SI

$200
101AL

CD'S #ATU*:N4 IN

PILLION

ANO UWOER

$200 PIILICN
TO
$*00 PILLION

BILLION

AND

PRIME

»*00 PILLION
TO
TOTAL

SI "IILI^N

NEW YORK
CITY

I W

i m

4

*

S.O

6.0

5.4

3/
OUTSIDE
NEW YORK
CITY

NON-PRIME

6.7

5.5

*A*(M

37.3

41.S

42.4

41.5

35.5

35.0

34.5

40.3

APRIL

22.0

22.0

22.3

22.1

21.9

22.0

22.4

20.2

PAY

LL.S

12.1

10.0

10.B

11.9

13.3

11.0

10.1

4.8

6.4 ^

4.5

5.8

4.8

3.0

1.1

1.6

FES

*.0

27-2P

Jim

6.:

^.2

JULY

4.O

4.2

AUCUS1

*.l

SEPTEPPER

1*1

*• .6

6

7.8

4.3

3.2

5.4

6 .0

3.?

3.2

4.4

1.2

1.3

1.1

1 .1

0.9

OCTOBER

I.?

0.7

1.2

1.3

1.3

1.1

1.5

1.2

TWOVfPREP

0.*

0.7

1.0

0.9

1 .N

O.R

1.3

0.6

OfCEPRff

0.7

0.?

0.6

O.P

0.7

0.6

0.7

0.8

JANUARY

1*7

0.9

L.C

1 .0

2.0

1 .6

2.4

1.9

FEBRUARY

1*2

0.1

0.6

I .0

1 .3

O.F

2.3

1.0

MARCH
Op t A « P

I.T

L.P

0.9

1 .6

1

0.6

1 .9

1 .6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

TOTAL *

100.0
)

-

—

PAROH I©

2.*

3.2

2.P

T .1

2.3

2.3

2.3

2-7

PARCH i /

3.4

4.1

1.1

3.P

3.3

3.2

3.0

4.7

APRIL

2.1

1.1

1.3

L.<

2.4

2.4

2.5

2.2

1/

M

IfyCUSfF

C!*?!FlCm

1/ TOTAl tf*OSIIS AS
SZ PRIPE FANKS
R E P O R T E D BY

*

OVER

r

IN r f N O P I N A T l O N ?

OF

$ 1 0 0 , 0 0 0 CP

#CRE

ISSUED

BY

WEEKLY

REPORTING

BANKS.

IN T»*f CALL REPORT BP CONDITION ON OECFMBFP 31, 196%.

APE T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S O F D E P O S I T A R E R F G A R O E D A S B E I N G O F T H E H I G H E S T
( f A l f R S TC TCAOFC WITH*** I RR * » A * I C P O I N T S O F E A C H O T H E * W I T H I N T H E S E C O N D A R Y M A R K E T .

TOTALS MAY NOT APR rtlf TO ROHNOlNG.




QUALITY

AND WHICH

ARE

'

P* TIP IIV PirtWIRUf tew ir CUT ST ANO I NT- NFGDTIAAIF T!«* CF9TIF1rATf< OF DEPOSIT 1/
*1 ttfKLV RF*ORT|NG SANK* «v c u r OF RANKS ?/
A* OP ?6 FFR 1*7*
CUMULATIVE PFPCFNTACF
$ I BILLION ANO OVER
C*«

*AW*»;*G ;*

*##

?? ?#

f f»t At,

*.9

HitlION
ANO tm0(9

$700 fttllON
TO
$V»0 PI11I0N

*.*

.c

PAFF*

**on *ILLf^N
TO
SI BILLION

PR IMF ?/
TOTAL
NFW YORK
CITY
6.0

OUTSIDE
NFW YORK
CITY

NON-PR IMF

S.4

6.7

S.5

*7.9

67.6

41

60.6

4} .2

65.8

63.6

62.4

63.6

66.0

75.3

75.7

74.6

76.1

AP##l

6».4

TO.?

69.<

PA%

#0.6

*0.?

80.3

P~.7

PS.*

PI.7

A3.5

79.4

P2 .5

90.0

P*.l

P7.]

8Q.S

83.9

88 .3

9S.2

*?.3

91 .<

93.o

68.7

91 .3

*6.6

*3.6

9?.6

94.A

89.8

92.9

JVM

* .+
A7.P

AWCUt*

90.0

*1.9
*?.0

*4.7

rc#c*f*

96.?

9% .4

**.E

*6.?

Q3.9

95.O

91 . 3

94.1

*evT*#E#

9*.*

9^.1

96.*

95.6

OA.O

96.7

Q2.6

96.7

Offf##*#
1#?* J A W U A * *
F ##VA*V
OP 1##**

9*.#

96.6

97.4

96.6

97.3

93.3

9^ .5

*?.%

9?.%

98.4

97.6

*7.6

OR .9

95.7

97.4

9#.?

9#.?

**.?

9P.4

*P.9

99.6

96.0

98 . 4

100.0

IOO.O

100.0

100.0

100.0

100.0

100.0

100.0

IN o m o * ; W A ? ; o * s OF t i o o *000 OR MORE ISSMFO %Y WEEKLY REPORTING RANKS
;/ ; * c i w s
7/ tot*T
A< I R W » ! I D iw TNF c*it mpmi
OF CQNOITION ON OECEHBER ?I* 1965.
1 / # # : M ***** A*f TMPfr WHOSE WESIITIALIF CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
f • OFAll®$ W 1**01 W W IN 1 0# ? BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.




4

^

*a#W

?;*p c ? r c p n t i T

M

*? WffKlV

siNcr pRFvimr. MONTH ?/

?AYf< 9* S U & 1* BASK? %/
Af C* ?* ff» !*?<
pf*Cf%?ACf ri*?*;»wTi ~4
$1 BILLION AND OVER

€ B * s * # * * * # * & ;*

:*?* #r$

1MAI

#200
" M l ir*i
Aur w o t #

$«00 *111*9*
TO
91 mill ION

$?oo w n t m n
TO
$#00 n u t m n

PRIME 4/
TOTAL

fFW YORK
CITY

OUTSIDE
NEW YORK
CITY

36.7

26.<

K

NON-PRIME

??*?#

#A#t*

t#.*

A#»#t

**.?

m*

#*.r
4.%

3#

2.7

2."

#.#

rnmm

1.1

e.a

*ueu$i

?3.o

A*.3

4*.P

4O.0

1*.0

IF.4

20.3

19.A

17.S

22.6

17.7

14»A

13.0

14.?

17.0

1«.3

15.5

14.2

4.3

4.?

6.7

9.5

4.4

5.0

2.4

2.^

2.7

3.1

2.7

1 .9

6.4

6.0

9.7

10.7

10.3

1.0

O.O

1 .?

1.?

1.?

1 .7

4.6

CK#0#f»

0.#

0.3

1.2

1.?

0.7

0.3

1.2

0.5

WO***###

1.1

C.4

!.!

O.o

1.?

0.5

2.1

0.5

#*<*»#(*

0.4

A.3

0.3

0.^

0.7

0.3

I .3

0.2

1 mt

0.?

o.m

0.7

1 .<

0.4

2.8

0.6

%.*

I.?

2.0

1 .e

4.9

2.61

7.4

4.1

100.0

100.0

100.0

100.0

100.0

100.0

3.*

2.3

2.1

2.2

3.2

#*$* JAWWA**
#f lAff*
#m*i

*

#00.0

iMaMeiimiM*

100.0
t tv m n

ntufneun uiTiiDtiico

*A#0

*@

2.?

4.?

**#<*"

.

4.?

6 .2

4.1

6.3

3.6

3.6

3.2

4.9

*#*$! 1*

2.0

1.1

1.4

i.e

2.2

1.4

3.2

1 .7

##E*0PAW0U#*:
#3
;/
?f
%/
*/
*

*0

NU»» ER OF BANKS)
*0

37

7

12

%4# #*(«*$* Ai Afff*n;% A .
3*K*4*r#' <$?*;$ K A t f t
*#wf*;%At#r#« r# $*00*000 r* *o*e issuen mv wffKiY REPORTING PANKs.
#mA(
f *$»***##? ;* * w fAii t$po*w of CONDITIO* (*# DfCfp#rp 31, ;*&«».
f
4%1W| f # W * * M 1 ^ * 1
I *# ^t?A*l# , |#llf ir Atf-S. 9f OF POSfT Aft F REGARDED AS PFING OF THE HIGHEST DUALITY AND WHICH ARE
ttf r w H T , *»
1* #&*r# *#;**#"' * & ? "A*;* P^TN** O# ?f ' 'TWfP WITHIN THE SECONDARY MARK FT.
W t#t1 *At +T^ * f **4
.




18

TABLE 4S
AVERAGE MATURITY
OK
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY HATES
UN

PANIC. CLASSIFICATION

MONTHS 1

DATE OF SURVEY
w—e.-—.*—...——
?6 FEB 1975
?9 JAN 1975

25 DEC 1974

CBY LOCATION)
ALL REPORTING BANKS
ISSUING CD'S

2.3

2.1

2.0

NEW YORK CITY

2.2

2.1

2.0

CHICAGO

2.5

2.0

1.8

OTHER

2.?

2.1

2.1

IBY SIZE OF BANK) 2/
UNDER S2DO MILLION

2.1

2.1

1.9

S200-SS00 MILLION

2.1

2.0

1.9

t500~f1,000 MILLION

2.1

2.0

2.0

OVER SI BILLION

2.4

2.1

2.0

PRIME IN NEW YORK CITY 3/

2.3

2.2

2.0

*RIMF OUTSIDE NEW YORK CITY 3/

2.6

2.1

2.0

NON-PRIME

2.3

2.3

2.1

1/

IWTLUOeS CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

i./

TOTAL DEPOSITS AS REPORTED IN TMf CALL REPORT OF CONDITION ON DECEMBER

1/

PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BFT*'C- OF THF HIGHEST QUALITY AND
WHICH APf REPORTED BY DEALERS If TRADE WITHIN | OR ? BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.




31, 1965.

TABLE 6*
AVERAGE MATURITY
OF
NEGOTIABLE TINE CERTjeiCATF< OF DEPOSIT 1/
SOLO BY WEEKLY PFPHRTING BANKS
DUPING TMC MONTH OF VARIOUS SURVEYS
(IN MONTHS)
DATE OF SURVEY
BANK CLASSIFICATION

26 FEB 1*75

?9 JAN 1«75

25 DEC 1974

(BY LOCATION)
ALL REPORTING BANKS
ISSUING CD*<

2.6

2,3

2.0

#^W YORK CITY

2.<

2,6

2.2

CHICAGO

3.3

2.6

2.0

OTHER

2.6

2.1

1.9

(BY SIZE OF RANK) 2/
UNDER $200 MILLION

1 .9

l.Q

1.7

•200-$*»00 MILLION

2.1

1 .9

1.9

$*00-$l,000 MILLION

2.1

1 .B

1.9

OVEP $1 BILLION

2.9

2.5

2.1

PRIME IN NEW YORK CITY 3/

2.5

2.7

2.2

PRIME OUTSIDE NEW YORK CITY 3/

3.4

2.6

1.9

NON-PRIME

2.2

2.4

2.0

1/

INCLUDES CERTIFICATE* IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

./

TOT At DEPOSITS AS RFPORTEO IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.

3/

PPIMf BANKS APf THOSf WHOSE NECOTIABLF CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHlfM ARE PFPOPTfO PY DEALERS TO TRADt WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

N O T E — S t F TECHNIC AL APPENDIX B.




TABLE

C

A

RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
I PER CENT)

DATE

TOTAL DEPOSITS 2/
1 IN MILLIONS OF DOLLARS!

SURVEY

29 J A N 1975

25 DEC 1974

24.9

25.7

2<.6

UNDER 200

16.2

16.4

15.7

200 - SOO

19.S

20.6

20.2

19.8

20.6

20.<

28.4

29.2

29.2

32.7

33.4

33.9

ALL BANKS ISSUING
CD'S

0 - 1000
OVER

1000

PRIME IN NEW YORK 3/

26 FEB 1 9 7 5

OF

PRIME OUTSIDE NEW YORK 3/

26.9

27.7

27.4

NONPPIME

22.6

23.6

23.0

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED °Y WEEKLY REPORTING BANKS.
2 / TOTAL DEPOSITS AS REPORTED IN IMF CALL REPORT OF CONDITION ON DECEMBER

31, 1964.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY nfALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-

DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.




TABLE 5B
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AS OF 26 FEB 1975
(NUMBER OF BANKS 1
TOTAL DEPOSITS 2/
I IN MILLIONS OF DOLLARS!

5%
OR
LESS

5
TO
10*

10
TO
15*

15
TO
20*

20
TO
25%

25*
OR
MORE

AVERAGE CD
TO DEPOSIT
RATIO (PER CENT)

ALL BANKS ISSUING
CD'S

36

18

35

UNDER 200

10

9

20

17

12

15

16.2

200 - 500

16

6

6

13

13

26

19.5

500 ~ 1000

8

2

6

8

8

18

19.8

OVER 1000

2

1

3

6

9

16

28.4

PRIME IN NEW YORK 3/

0

0

0

0

2

5

32.7

PRIME OUTSIDE NEW YORK 3/

0

0

0

3

3

6

26.9

NONPRIME

2

1

3

3

4

5

22.6

44

42

75

24.9

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.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-




DEPOSITS IN THE DENOMINATOR CF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS,

I

I

TABLE

PER

5C

C E N T C H A N G E IN O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E
29

JAN

197< T O

26 FEB

OF D E P O S I T /I

197F

(NUMBER OF B A N K S )

DECLINES OF
REDUCED
CD'S TO
ZERO

TOTAL D E P O S I T S 2 /
UN

M I L L I O N * OF D O L L A R S 1

ALL BANKS
CD'S

10% O R
MORE

ISSUING
52

5 TO
10*

I N C R E A S E S OF
5* OR
LESS

<0

56

NO
CHANGE

"»% OR
LESS

* TO
10%

10% OR
MORE

ISSUED C D ' S B U T
HAD N O N E O U T S T A N D
ING ON B A S E D A T E

&2

200

3

7

15

21

4

23

2

10

1

2 0 0 - 500

5

19

17

16

3

9

6

9

1

0

16

10

10

2

3

3

6

0

0

10

6

9

0

7

2

1

0

UNDER

500 OVER

1000
1000

PRIME

IN N = W Y O R K

3/

PRIME OUTSIDE NEW YORK

3/

NONPRIME

1/ I N C L U D E S C E R T I F I C A T E S
2/

0

2

2

1

0

2

0

0

0

0

4

3

2

0

2

0

1

0

0

4

3

6

0

3

2

0

0

IN D E N O M I N A T I O N S OF

TOTAL DEPOSITS AS REPORTED

IN T H E C A L L

$ 1 0 0 , 0 0 0 OR M O R E

R E P O R T OF C O N D I T I O N

ISSUED BY W E E K L Y
ON D E C E M B E R

31,

REPORTING BANKS.
196*.

3 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y A N D
W H I C H ARE R E P O R T E D BV D E A L E R S T O T R A D E W I T H I N I OR 2 B A S I S P O I N T S OF E A C H OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
NOTE-

THE N U M B E R O F B A N K S IN T H I S T A B L E D I F F E R S FROM T H O S E IN MOST O T H E R T A B L E S TO T H E E X T E N T T H A T B A N K S T H A T
H A D O U T S T A N D I N G C D ' S O N T H E L A S T S U R V E Y R E D U C E D THEIR O U T S T A N D I N G S TO Z E R O ON THIS S U R V E Y .




TA9LF 50
PER

CENT

CHANGE

IN

OUTSTANDING
27 NOV

NEGOTIABLE

1974

TO

26

TIME

FEP

CERTIFICATE

OF

DEPOSIT

/I

197<

INUMBER np BANKS)

TOTAL DEPOSITS /2
UN

MILLIONS OF DOLLARS)

DECLINES OF

REDUCED CD'S 2<T
TO
OR
ZERO MORE

15
TO
20%

20
TO
25f

10
TO
15*

INCREASE

5%

5
TO
10%

LESS

NO

5%

S

OR
LESS

TO

CHANGE

OR

ALL BANKS ISSUING
CD'S

#

19

6

7

20

30

36

1

49

UNDER 200

3

7

3

3

6

12

7

0

9

10%

10
TO
15?

OF

15
TO
20%

20
TO

25%
OR
MORE

25%

ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE

5

IP

19

16

8

16

12

7

5

7

4

8

2

16

F

9

2

3

5

1

1

4

3

0

2

1

ZOO - 500

5

8

2

2

4

10

1

*00 - 1000

0

4

1

2

6

6

11

0

OVER 1000

0

0

0

0

4

3

6

0

12

?

1

4

1

1

1

0

0

0

0

1

1

7

0

1

0

1

1

' 0

0

0

PRIME IN NEW YORK 3/

°

PRIME OUTSIDE NEW YORK 3 /

0

0

0

0

1

1

1

0

6

1

0

1

1

0

0

NCNPPIMf

0

0

0

0

2

I

5

0

5

1

0

2

0

1

1

1/

INCLUDES

CERTIFICATES

IN

DENOMINATION*

OF

$100,000

OR

MORE

ISSUED

BY

WEEKLY

REPORTING

BANKS.

2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 196*.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH APE REPORTED BV DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET•
NOTE-

THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
OUTSTANDINGS TO ZERO.




1

TABLE
CHANGE

IN O U T S T A N D I N G N E G O T I A B L E T I M E
OVER

THE MONTH

AS A

AT THE

29

PER

BEGINNING

JAN

1975

TO

(NUMBER

TOTAL

DEPOSITS

IIN M I L L I O N S OF

2/

DECLINES

3*

DOLLARS 1

AND
OVER
ALL

BANKS
CD'S

5F

OP

CERTIFICATES

CENT OF
OF

TOTAL

THE

2 6 FEB

OF

1975

1

BANKS)

I N C R E A S E S OF

1
TO

3%

21

1/

PERIOD

OF

2
TO

DEPOSIT

DEPOSITS

1%
AND
LESS

NO
CHANGE

1%
AND
LESS

1
TO
2%

2
TO
3%

3%
AND
OVER

ISSUING

34

26

30

69

9

47

17

7

9

200

3

3

10

27

4

25

4

2

4

200 - 500

12

10

9

22

3

10

9

1

3
2

UNDER

500 ~ 1000
OVER

1000

PRIME

IN N E W

YORK

PRIME OUTSIDE NEW

3/
YORK

3/

NONPRIME

1/ I N C L U D E S C E R T I F I C A T E S

6

9

8

11

2

5

3

2

11

4

3

9

0

7

1

2

0

2

2

0

1

0

1

1

0

0

4

2

1

2

0

2

0

1

0

5

0

2

6

0

4

0

1

0

IN D E N O M I N A T I O N S OF

2/ TOTAL DEPOSITS AS REPORTED

IN T H E

CALL

* 1 0 0 , 0 0 0 OR

REPORT OF

MORE

CONDITION

ISSUED BY

WEEKLY

ON D E C E M B E R

31,

REPORTING BANKS.
1965.

3 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T D U A L I T Y A N D
W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE—




D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O
INTERBANK AND U . S . GOVERNMENT DEPOSITS.

IN THIS

TABLE

ARE

TOTAL

DEMAND AND

TIME

DEPOSITS,

INCLUDING

€

TABLE 5F
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT \/
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
27 NOV 1974 TO 26 FEB 1975
(NUMBER OF BANKS)
TOTAL DEPOSITS 2/
(IN MILLIONS OF COLLARS)

ALL BANKS ISSUING
CD'S

DECLINES OF
5%
AND
OVER

4
TO
5%

3
TO
4%

INCREASES

1
TO
2%

2
TO
3%

IS
AND
LESS

NO
CHANGE

IS
AND
UNDER

1
TO
2%

2
TO
3?

OF

3
TO
4%

4
TO
5?

5%
AND
OVER

11

4

9

19

29

46

1

54

26

13

12

10

11

UNDER 200

3

1

3

A

9

IP

0

14

11

5

5

3

5

200 - 500

6

1

4

5

7

11

1

18

9

6

4

4

3

8

10

0

10

500 - 1000

2

2

2

7

3

2

2

0

1

OVER 1000

0

0

0

3

5

7

0

12

3

0

1

3

2

PRIME IN NEW YORK 3/

0

0

0

1

1

2

0

1

0

0

0

2

0

PRIME OUTSIDE NEW YORK 3/

0

0

0

1

1

1

0

5

2

0

1

1

0

NONPRIME

0

0

0

1

3

0

6

1

0

0

0

2

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, 196%.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-

DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.




TABLE 6A
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1975
(AMOUNTS IN MILLIONS OF DOLLARS)
CD'S MATURING IN

1975 FEB 27-FEB 28
MAR

ALL
DISTRICTS
5135.2
32727.6

BOSTON
302.1

NEW
YORK

PHILADELPHIA

1849.0

1670.2 12217.8

209.9
1212.1

CLEVELAND

RICHMOND ATLANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

187.1

125.7

172.8

801.4

26.5

31.5

86.1

235.0

1106.1

1^31.8

936.9

1279.7

4357.6

421.4

242.3

763.1

1861.7

6233.0

APR

19290.5

887.2

7226.5

716.6

313.1

522.6

781.2

3338.3

211.0

150.4

375.8

898.4

3269.4

MAY

10168.0

456.2

4213.3

395.5

415.7

257.3

378.2

1405.5

124.1

77.4

198.7

419.5

1826.6

JUN

5395.9

240.1

2483.4

229.7

263.9

140.6

193.2

723.3

53.6

31.4

112.0

177.1

747.6

JUL

4306.5

192.8

1833.2

156.2

?62.0

112.9

177.2

439.3

44.1

22.4

79.9

299.9

686.6

AUG

3565.6

209.9

1327.1

113.0

168.1

80.7

155.2

286.9

24.2

15.3

52.0

176.6

956.6

SEP

972.8

79.8

290.2

55.8

49.7

28.6

29.1

97.2

P3.1

4.3

26.9

59.7

228.4

111.6

327.5

50.0

85.3

16.3

50.1

158.3

13.3

11.8

15.8

53.3

200.9

NOV

831.2

63.6

233.9

62.3

16.0

26.7

118.4

7.0

3.8

25.1

26.3

232.7

DEC

578.6

32.4

174.8

35.6

27.5

18.3

24.2

42.6

16.7

3.7

9.1

34.5

159.2

1976 JAN

1474.3

58.2

494.0

54.8

32.4

14.7

32.4

424.0

13.8

22.6

16.3

58.7

252.6

FEB

1037.2

29.6

142.4

20.5

35.5

14.8

31.5

308.5

7.9

30.1

18.4

41.2

356.8

MAR OR LATER

1155.2

91.8

226.2

65.e

3?1.2

4.1

74.2

41.0

44.2

2.0

24.9

69.4

140.4

4405.6

2289.5

3405.7

1030.9

648.8

1804.1

3.0

1.9

2.3

2.3

2.6

2.5

2.1

2.2

2.4

IP

17

22

7

11

5

17

25

31

OCT

TOTAL *

1094.2

87732.8

AVERAGE MATURITY
IN MONTHS 2/

2.3

NUMBER OF REPORTING
BANKS

250

4425.5 33039.3
2.4

2.1

16

41

3330.9

2.3
10

12542.3

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
2/ SEE TECHNICAL APPENDIX B.
• DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.




4 4 H . 3 16398.9

TABLE 6B
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1975
(AMOUNTS IN MILLIONS OF DOLLARS)
ALL
DISTRICTS

BOSTON

11771.2

653.1

APR

6064.3

MAY

4954.2

JUN

CD'S MATURING IN

PHILADELPHIA

CLEVELAND

4251.1

485.2

577.4

279.2

1986.7

257.9

162.5

2027.9

175.5

1876.3

46.3

997.4

JUL

922*5

27.5

321.8

AUG

2669.1

60.2

SEP

348.6

OCT

NEW
YORK

RICHMOND ATLANTA

SAN

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

FRANCISCO

195.4

77.0

339.4

762.4

2097.5

348.6

517.8

1466.1

257.3

140.2

208.1

1375.0

53.7

51.0

102.2

197.6

1155.4

194.3

103.8

176.6

750.4

66.6

21.7

97.3

234.6

943.0

30.3

53.3

50.2

48.1

286.7

1S.S

14.3

36.2

47.0

253.0

17.6

18.5

35.2

38.8

78.4

14.6

9.8

19.1

29.5

211.7

1052.5

43.0

100.2

71.6

117.1

220.3

19.6

9.4

31.8

133.7

809.7

17.9

139.3

6.2

3.6

14.6

14.0

53.2

3.6

2.5

5.4

22.4

65.9

246.4

14.8

30.6

*.1

19.9

6.9

18.0

61.3

1.6

2.3

2.3

2.8

80.8

NOV

341.3

10.7

50.9

2.5

11.1

11.1

9.2

41.0

3.6

1.7

13.7

7.2

178.6

DEC

191.6

5.8

28.8

3.4

7.2

7.7

0.1

11.2

4.6

1.4

1.1

4.9

115.6

1976 J A N

382.1

10.5

41.6

2.5

14.3

2.1

14.7

148.3

3.7

5.5

4.2

8.1

126.6

FEB

1227.6

75.7

264.7

18.5

22.0

9.9

28.1

309.4

4.5

29.6

15.2

44.3

405.7

1264.2 11193.3

1047.7

1279.1

802.1

1190.6

4801.3

386.8

226.2

667.9

1494.5

6443.5

2.4

1.0

2.1

2.3

2.4

2.9

2.0

3.4

2.0

2.1

3.3

1975

*AR

OR

LATER

30897.2

TOTAL *
AVERAGE MATURITY
IN M O N T H S 3 /

1/ S E E TECHNICAL APPENDIX

2.6

2.3

A.

2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
3/ SEE TECHNICAL APPENDIX B.
* DETAILS

1AY NOT ADD TO TOTALS DUE TO ROUNDING.




TABLE 6C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1975
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN

1975

1976

ALL
DISTRICTS

BOSTON

5.9

6.8

MAR

37.3

APR

PHILADELPHIA

CLEVELAND

5.6

6.3

4.2

5.5

5.1

37.7

37.0

36.5

34.P

40.9

22.0

20.0

21.9

21.3

20.7

MAY

11.6

10.3

12.8

11.9

9.4

JUN

6.2

5.4

7.1

6.9

JUL

4.9

4.4

5.5

4.7

AUG

4.1

4.7

4.0

3.4

SEP

1.1

1.8

0.9

1.6

OCT

1.2

2.5

1.0

NOV

0.9

1.4

0.7

DEC

0.7

0.7

0.5

JAN

1.7

1.3

1.5

FEB

1.2

0.7

0.4

MAR OR LATER

1.3

2.1

0.7

FEB 27-FEB 28

TOTAL *

100.0

100.0

NEW
YORK

100.0

RICHMOND
ATLANTA

CHICAGO

SAN

ST.
LOUTS

MINNEAPOLIS

6.4

2.6

6.9

4.8

5.3

6.8

37.6

34.7

40.9

37.3

42.3

42.2

38.0

22.8

22.9

26.6

20.5

23.2

20.8

20.6

19.9

11.2

11.1

11.2

12.0

11.9

11.0

9.5

11.1

6.0

6.1

5.7

5.8

5.2

4.8

6.2

4.0

4.6

*.9

4.9

5.2

3.5

4.3

3.5

6.4

6.8

4.2

3.8

3.5

6.6

2.3

2.3

2.4

2.9

4.0

5.8

1.1

1.2

0.9

0.8

2.2

0.7

1.5

1.4

1.4

1.4

1.9

0.7

1.5

1.3

1.3

1.8

0.9

1.2

1.2

0.5

1.4

0.7

0.8

0.9

0.7

0.6

1.4

0.6

1.4

1.1

0.6

0.8

0.7

0.3

1.6

0.6

0.5

0.8

1.0

1.7

0.7

0.6

1.0

3.6

1.3

3.5

0.9

1.3

1.5

0.6

0.8

0.6

0.9

2.5

0.8

4. 6

1.0

0.9

2.2

2.0

8.4

0.2

2.2

0.3

4.3

0.3

1.4

1.6

0.9

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.




KANSAS
CITY

DALLAS

FRANCISCO

TABLE 60
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1975
(CUMULATIVE PERCENTAGE!
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

5.9

6.8

MAR

43.2

APR

PHILADELPHIA

CLEVELAND

5.6

6.3

6.2

5.5

S.L

44.5

42.6

42.3

39.0

66.6

65.2

64.5

64.5

64.1

59.7

MAY

76.8

74.8

77.3

76.0

JUN

83.0

80.2

84.8

JUL

87.9

84.6

AUG

92.0

SEP

NEW
YORK

RICHMOND ATLANTA

CHICAGO

SAN
FRANCISCO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

6.4

2.6

6.9

4.8

5.3

6.8

42.7

41. 1

43.5

42.2

47.1

47.5

44.8

69.2

65.6

67.7

64.0

65.4

67.9

67.9

64.7

69.1

80.4

76.7

78.9

76.0

77.3

78.9

77.4

75.8

82.9

75.1

86.5

82.4

84.7

81.2

82.1

85.1

81.4

80.4

90.3

87.6

P1.0

91.4

87.6

88.2

85.5

85.6

89.5

88.2

84.6

89.3

94.3

91.0

86.8

94.9

92.2

90.5

87.8

88.0

92.4

92.2

90.4

93.1

91.1

95.2

92.6

85.9

96.1

93.1

91.3

90.0

88.7

93.9

93.6

91.8

OCT

94.3

93.6

96.2

94.0

87.8

96.8

94.6

92.6

91.3

90.5

94.8

94.8

93.0

NOV

95.2

9«.0

96.9

96.5

89.2

97.5

9*.6

93.5

92.0

91.1

96.2

95.4

94.4

DEC

95.9

95.7

97.4

95.6

89.8

98.3

96.1

93.8

93.6

0

1976 JAN

97.6

97.0

98.9

97.3

90.5

98.9

97.1

97.2

96.9

95.2

98.8

97.7

99.3

97.9

91.3

99.5

98.0

99.7

95.7

99.8

98.6

98.4

99.1

100.0

100.0

100.0

100.0

100.0

10C.0

100.0

100.0

100.0

100.0

197$ FEB 27-FEB 28

FEB
MAR OR LATER

100.0

100.0

100.0

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.




1 .7

96.7

96.2

95.4

97.6

97.5

96.9

TABLE 6E
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT <INCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1975
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN

1975

ALL
DISTRICTS

BOSTON

MAR

38.1

47.9

APR

19.6

20.5

PHILADELPHIA

CLEVELAND

38.0

46.3

45.1

43.5

43.5

17.7

24.6

20.1

17.5

17.5

12.9

14.8
4.0

NEW
YORK

RICHMOND
ATLANTA

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

30.5

50.5

34.0

50.8

51.0

32.6

28.6

13.9

22.5

15.3

13.2

17.9

15.6

17.2

9.6

14.6

15.7

14.6

6.0

4.0

6.3

5.4

3.1

3.9

CHICAGO

MAY

16.0

11.9

18.1

16.8

15.2

JUN

6.1

3.4

8.9

2.9

4.2

6.3

JUL

2.7

2.0

2.9

1.7

1.4

4.4

3.3

1.6

3.8

A.3

2.9

2.0

3.3

AUG

8.6

4.4

9.4

4.1

7.8

8.9

9.8

4.6

5.1

4.2

4.8

8.9

12.6

SEP

1.1

1*3

1.2

0.6

0.3

1.8

1.2

1.1

0.9

1.1

0.8

1.5

1.0

OCT

O.P

1.1

0.3

0.5

1.6

0.9

1.5

1.3

0.4

1.0

0.3

0.2

1.3

NOV

1.1

o.e

0.<

0.2

0.9

1.4

0.8

0.9

0.9

0.8

2.1

0.5

2.8

DEC

0.6

0.4

0.3

0.3

0.6

1.0

0.0

0.2

1.1

0.6

0.2

0.3

1.8

1.2

0.8

0.4

0.2

1.1

0.3

1.2

3.1

1.0

2.4

0.6

0.5

2.0

4.0

5.5

2.4

1.8

1.7

1.2

2.4

6.4

1.2

13.1

2.3

3.0

6.3

100.0

100.0

100.0

100.0

100.c

100.0

100.0

100.0

100.0

100.0

100.0

1976 JAN
FEB OR LATER
TOTAL *
1/ S E E T E C H N I C A L

100.0

100.0

APPENDIX A.

2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.




W

TECHNICAL APPENDIX A

W

DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner:

Outstanding CD s maturing in each month of the previous survey are

subtracted from maturities in the same month of the current survey.

Those

CD 1 s maturing in the remaining portion of the month in which the current
survey is taken are ignored.

Those CD's maturing after the last individual

month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding

quantity for a time period com-

parable to the longest maturity CD's shown on the previous survey,
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.

Some sales

Sales of CD's between the

survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.

However, since the minimum maturity for time

deposits under current regulations is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sales are lost
from the series as derived in this manner.
Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured
between surveys and (2) the amount, if any, of sales between survey dates
that mature in the remaining days of the calendar month in which the current
survey is taken.




TECHNICAL NOTE B
CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
OUTSTANDINGS
Average maturities of outstanding negotiable time certificates of
deposit are calculated on a weighted .average basis.

All CD s are assumed to

mature in the middle of the month and those CD's maturing in the survey
month--after the survey date--are assumed to mature in the middle of the
period between the survey date sad the end of the calendar month in which
the survey is taken.

The weights arc the quantity of CD's maturing in each

month or fraction thereof as a proportion of total CDJfs outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.

All of these CD's are assumed to mature in the

middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.

That is, they

are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.

Any CD's sold between

survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.




Technical Note B (continued)

This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date,

While it appears more logical to

assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce compatibility between average
maturities of outstandings and of sales as a result of using two different
starting dates for the calculations.

If the assumption is made that all CD's

are sold at the mid-point between surveys, the average maturity of sales would
be lengthened relative to the average maturity of outstandings, by, in effect,
using an earlier starting date for sales than for outstandings.
Sales of CD's maturing in a particular month are often a large
and highly variable proportion of total sales while changes in outstandings
due in any particular month are a small and rather stable proportion of the
level of total outstandings.

As a result, the average maturity of sales is

much more sensitive to month-to-month variation in the maturity structure of
sales than is the case with the outstandings series.

Thus, large changes in

the calculated average maturity of sales, or situations in which the average
maturity of sales differ sharply from the average maturity of outstandings.
should be interpreted with care and references should be made to actual dollar
sales by month.

Formulas for calculation of average maturities are available on
request from the Banking Section, Division of Research and Statistics, Board
of Governors of the Federal Reserve System.