The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
June 17, 1969. L.4.1 CONFIDENTIAL (FR) SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF A p r i l 30, 1969. Banking S e c t i o n , D i v i s i o n of R e s e a r c h and S t a t i s t i c s , Board of G o v e r n o r s of t h e F e d e r a l R e s e r v e S y s t e m . 6EDERAL RESERVE BANiv of KANSAS CITY JUN 3 0 1969 — Research Library — TABLE 1 1/ M A T U R I T Y DT STRTBUTT ON OF OUTST ANOlNr, N E G O T I A B L E T I M E WEEKLY AS 1970 OF AMOUNT ( M I L L I O N S HE DOLLARS! 30 APR D E P O S I T AT BANKS 1969 SALES SINCE P R E V I O U S MONTH 2 / C M I L L I O N S OF D O L L A R S ) PERCENTAGE DIST RIBJTION CUMULATIVE PERCENTAGE •0 .0 .0 .0 HAY 3,524.6 20.0 20.0 944.3 JUNF 3*941.0 22.4 42.4 624.5 JULY 3,138.1 17.8 60.2 770.9 AUGUST 1,539.7 8.7 68.9 77.4 SEPTEMBER 1,549.0 8.8 77.7 252.3 1CT1BE1 1,294.4 7.3 85.0 727.4 N3VEMBER 406.0 2.3 87.3 120.8 OECEMBER 514.8 2.9 90.2 53.1 JANUARY 508.6 2.9 93.1 65.7 FEBRUARY 266.7 1.5 94.6 8.0 MARCH 235.3 1.3 95.9 55.0 APRIL 267.3 1.5 97.4 227.0 427.4 2.4 100.0 XXX 17,612.9 100.0 XXX 3,926.3 CH« 5 MATURING 1969 REPORTING C E R T I F I C A T E S OF IN APR TL 1VER 12 M1NTHS TTTAL TAX (MEMORANDUM: JUNE JUNE 1/ INCLUDES ?/ SFF INLY TECHNICAL 3/ SALFS I F 1.1 3.3 190.2 586.1 tr 16 CD'S CERTIFICATES IN OENOMI N A T I O N S &POCN1TX A . MATURING AFTFR 11 MONTHS. AND D I V I D E N D M A T U R I T I E S ! OF $100,000 OR MORE 19.8 49.7 XXX XXX I S S U E D BY WEEKLY R E P O R T I N G BANKS. 3/ TABLE 2A 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 T I M E C E R T I F I C A T E S OF D E P O S I T A T NEW YORK C I T Y , C H I C A G O , AND ALL OTHER WEEKLY R E P O R T I N G BANKS AS (IN OF 3 0 MILLIONS APR 1969 OF DOLLARS I NEW YORK C I T Y CD'S 1969 1970 MATURING IN AMOUNT SALES SINCE P R E V I O U S MONTH 2 / AMOUNT - SALES SINCE P R E V I O U S MONTH 2 / - - OTHER WEEKLY R E P O R T I N G AMOUNT SALES PREVIOUS .0 .0 .0 .0 . 0 .0 MAY 817.2 202.4 315.8 35.3 2,391.6 706.6 JUNE 1,086.5 102.3 290.0 35.5 2 , 5 6 4 . 5 4 8 6 . 7 JULY 607.7 157.6 197.0 43.4 2 , 3 3 3 . 4 569.9 AUGUST 345.& 17.8 111.5 1.8 SEPTEMBER 287.9 43.2 117.5 OCTOBER 195.4 97.8 NOVEMBER 75.0 DECEMBER 2 . 7 57.8 19.4 1,143.6 189.7 61.5 39.3 1,037.5 590.3 27.4 28.8 1.5 30 2 . 2 9 1 . 9 106.0 11.2 19.8 1.2 3 8 9 . 0 40.7 JANUARY 8 6 . 1 13.9 23.2 6.7 3 9 9 . 3 4 FEBRUARY 48.3 .1 19.1 .7 199,3 MARCH 44.7 8.5 23.9 6.6 APRIL 77.3 45.7 15.0 11.9 12 43.0 XXX 8.9 XXX 3,820.6 727.9 1,232.0 203.3 MONTHS TOTAL * NUMBER OF R E P O R T I N G BANKS (MEMORANDUM: 60.7 267.0 10 16 i/ INCLUDES 2/ SFE ONLY C E R T I F I C A T E S TECHNICAL 16 A3 IN DENOMINATION TAX 10.1 35.3 $100,000 7.2 6 . 7 3 9 . 9 175.0 1 6 9 . 4 37 5 . 5 12,560.3 Z 3 XXX 2,995.1 AND D I V I D E N D M A T U R I T I E S ! 2.9 7.5 OF 5 . 1 239 11 12 - JUNE JUNE /3 1,08 BANKS SINCE MONTH 2 / APR OVER . ALL CHICAGO OR MORE ISSUED .0 .1 BY WEEKLY R E P O R T I N G B A N K S . 119 . 4 283.8 16i9 42.1 * APPENDIX A . Digitized 3 / for S AFRASER L E S OF C D ' S MATURING AFTER 1 1 MONTHS. http://fraser.stlouisfed.org/ ADD DUE TO R O U N D I N G . * Reserve T O T A L S Bank MAYof NOT Federal St. Louis > TABLE 2B 1/ MATURITY D I S T R I B U T I O N Of OUTSTANDING NEGOTIABLE T I M E NEW YORK C I T Y , CHICAGO, AS OF 3 0 APR 1969 AND 2 6 DAYS 2 / APR 26 CHICAGO MAR 30 APR ALL 2 6 MAR 3 0 APR OTHER 26 MAR .0 5.6 .0 3.0 .0 4.4 MONTHS 3 / 21.4 24.4 25.6 18.3 19.0 22.4 02 MONTHS 28,4 13.9 23.5 21.5 20.4 12.9 03 MONTHS 15.9 22.3 16.0 19.5 18.6 15.9 04 MONTHS 9.0 10.2 9.1 11.8 8.6 13.5 05 MONTHS 7.5 7.4 9.5 8.4 9.1 06 MONTHS 5.1 5.5 5.0 7.5 8.3 7.3 07 MONTHS 2.0 2.2 2.3 1.7 2.4 3.4 08 MONTHS 2.8 1.1 1.6 2.1 3.1 1.6 09 MONTHS 2.3 2.1 1.9 1.4 3.2 2.7 10 MONTHS 1.3 1.6 1.6 1.3 1.6 2.7 11 MONTHS 1.2 1.1 1.9 1.4 1.3 1.5 12 MONTHS 2.0 .8 1.2 1.3 1.4 1.0 1.1 1.7 .7 .9 3.0 2.9 100.0 100.0 100.0 100.0 100.0 100.0 OF $ 1 0 0 , 0 0 0 OR MORE 12 MONTHS TOTAL * I N C L U D E S ONLY C E R T I F I C A T E S I N DENOMINATIONS ISSUED BY WEEKLY R E P O R T I N G BANKS. 2/ 3/ * NUMBER OF DAYS R E M A I N I N G IN FOLLOWING THE L A S T NUMBER MONTHS F O L L O W I N G OF SURVEY WEDNESDAY T O T A L S MAY NOT ADD DUE OF THE THE MONTH. T H I S MONTH. SURVEY TO R O U N D I N G . MONTH. PERIOD VARIES WITH 00 01 OVER 1/ 30 1969 -4 0-6 IN MAR DISTRIBUTION) NEW YORK C I T Y MATURING AT AND ALL OTHER WEEKLY R E P O R T I N G BANKS (PERCENTAGE CD'S C E R T I F I C A T E S OF D E P O S I T THE NUMBER OF D A Y S TABLE 2C 1/ MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME NEW YORK C I T Y , CHICAGO, AS OF 3 0 APR 1969 AND 2 6 1969 DISTRIBUTION) NEW YORK C I T Y 0-6 MAR CHICAGO ALL 1I N f>l 30 DAYS 2 / APR 26 AT AND ALL OTHER WEEKLY R E P O R T I N G BANKS (CUMULATIVE % MA 1T U 1 IHO 1I M P I #j C MA nil) C E R T I F I C A T E S OF D E P O S I T MAR 30 APR 2 6 MAR 3 0 APR OTHER 26 HA1 .0 5.6 ,0 3,0 .0 4,4 01 MONTHS 3 / 21.4 30.0 25,6 21,3 19,0 26,8 02 MONTHS 49,8 43.9 49.1 42,8 39,4 39,7 03 MONTHS 65.7 66.2 65.1 62,3 58,0 55,6 04 MONTHS 74.7 76.4 74.2 74,1 66, 6 69,1 05 MONTHS 82.2 83.8 83.7 82,5 75,7 76,9 06 MONTHS 87.3 89.3 88.7 90,0 84,0 84,2 07 MONTHS 89,3 91.5 91,0 91,7 86,4 87,6 08 MONTHS 92.1 92.6 92,6 93,8 89,5 89, 2 09 MONTHS 94.4 94.7 94,5 95,2 92,7 91.9 10 MONTHS 95.7 96.3 96,1 96,5 94.3 94,6 11 MONTHS 96,9 97.4 98,0 97,9 95,6 96,1 12 MONTHS 98.9 98,2 99,2 99,2 97,0 97,1 100.0 100,0 100,0 100,0 100,0 100,0 OF $ 1 0 0 , 0 0 0 OR MORE OVER 12 MONTHS 1/ ' I N C L U D E S ONLY C E R T I F I C A T E S BANKS. 2/ NUMBER OF DAYS R E M A I N I N G I N SURVEY MONTH. T H I S F O L L O W I N G THE L A S T WEDNESDAY OF THE M O N T H . 3/ NUMBFR OF MONTHS F O L L O W I N G IN THE DENOMINATIONS SURVEY MONTH. PERIOD VARIES I S S U E D BY WEEKLY R E P O R T I N G WITH THE NUMBER OF D A Y S TABLE 3A 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 T I M E C E R T I F I C A T E S OF D E P O S I T AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 / AS O F 3 0 APR 1 9 6 9 I AMOUNTS I N M I L L I O N S OF DOLLARS 1 _ $2 0 0 CD'S MATURING 1969 1970 IN TOTAL 4200. MILLION ASUNDER $500 $500 MILLION $1 MILLION BILLION BILLION - AND OVER PRIME TOTAL 3/ NEW YORK NE^YORK CITY CITY N 0 N " P R I M E 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 MAY 3,524.6 262.2 510.3 657.1 2,095.0 760.1 791.9 5*3.0 JUNE 3,940.9 246.1 533.6 749.4 2,411.8 1,034.1 777.2 600.5 JULY 3,138.0 246.8 492.0 674.9 1,724.3 561.3 667.7 495.3 AUGUST 1,539.7 95.5 306.4 275.1 862.7 309.5 334.8 218.4 SEPTEMBER 1,548.9 105.6 254.1 324.9 864.3 267.9 356.2 240.2 OCTOBER 1,294.4 87.5 245.9 270.5 690.5 172.4 336.3 181.8 NOVEMBER 406.0 16.3 67.7 62.9 259.1 69.1 105.1 DECEMBER 514.7 22.0 71.7 121.2 299.8 85.5 120.3 94.0 JANUARY 508.4 27.8 59.8 93.7 327.1 79.6 133.3 114.2 FEBRUARY 266.6 8.7 45.0 46.8 166.1 38.<> 92.7 35.4 MARCH 235.2 15.3 30.8 36.0 153.1 35.1 76.6 41.4 APRIL 267.2 13.2 25.3 52.1 176.6 66.3 70.8 39.5 % 427.3 3.7 55.3 64.6 303.7 39.6 205.8 58.3 17,612.0 1,150.8 2,697.9 3,429.2 10,334.1 3,518.5 4,068.7 2,746.9 LATER * <MEMORANDUM: TAX AND D I V I D E N D M A T U R I T I E S ) JUNE 10 1-0.0 15-1 I ' - " « " > jUNF 16 586.1 15.5 « . 0 « • » !MEMORANDUM: 262 INCLUDES CERTIFICATES http://fraser.stlouisfed.org/ Federal Reserve Bank * TO T A L of S St. M A Louis Y NOT ADO DUE - v APR TOTAL 1/ $ l 1/ IN D E N O M I N A T I O N S OF TO R O U N D I N G . 90 $100,000 NUMBER O F 2 2 MORE ISSUED 3 ' BANKS 1 84_ OR " ' ' - ' J7_ BY ^ E K L Y REPORTING 7 1 2 1 8 BANKS. -e TABLE 3B SALES /!/ OF 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 S OF D E P O S I T S I N C E P R E V I O U S MONTH 2 / AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 3 / AS OF 3 0 APR 1 9 6 9 (AMOUNTS IN M I L L I O N S OF D O L L A R S ) $1 BILLION CD'S MATURING IN TOTAL $2 00 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION PRIME TOTAL NEW YORK CITY 1969 4/ OUTSIDE NEW YORK CITY NON-PRIME APR MAY 944.3 87.2 143.0 210.5 503.6 193.0 155.4 155.2 JUNE 624.5 72.1 129.9 141.7 280.8 96.4 88.5 95.9 JULY 770.8 101.9 129.5 166.6 372.8 142.5 111.7 118.6 77.4 6.3 15.3 17.4 38.4 10.9 17.4 10.1 SEPTEMBER 252.3 21.4 39.5 51.8 139.6 41.7 57.1 40.8 OCTOBER 727.5 71.3 153.9 173.1 329.2 82.5 146.8 99.9 NOVEMBER 120.9 6.2 10.8 14.3 89.6 25.6 19.6 44.4 DECEMBER 53.0 2.9 5.4 11.2 33.5 11.2 15.4 6.9 JANUARY 65.6 3.3 8.0 9.5 44.8 13.4 16.6 14.8 0.6 1.8 2.9 2.7 0.1 2.2 0.4 55.0 7.6 7.2 6.9 33.3 4.6 19.3 9.4 226.9 12.6 41.7 34.4 138.2 38.7 55.3 44.2 686.0 840.3 2,006.5 660.6 705.3 640.6 AUGUST 1970 AND OVER FEBRUARY MARCH APRIL OR L A T E R TOTAL * 8.0 3,926.2 393.4 (MEMORANDUM: TAX AND D I V I D E N D M A T U R I T I E S ! JUNE 10 19.6 3.0 3.0 2.4 11.2 2.9 6.0 JUNE 16 49.6 3.7 9.2 13.3 23.4 7.3 5.4 10,7 12 18 — 262 90 CMEMORANDUM: 2.3 NUMBER O F BANKS 1 84 51 37 1 / SEE T E C H N I C A L A P P E N D I X A . 2 / I N C L U D E S C E R T I F I C A T E S ^ D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . 3 / TOTAL D E P O S I T S AS R E P O R T E D I N THE C A L L R E P O R T OF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 . 4 / FRASER P R I M E BANKS ARE THOSE WHOSE 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 ARE REGARDED AS B E I N G O F THE H I G H E S T Q U A L I T Y AND WHICH Digitized for R E P O R T E D BY D E A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N T H E SECONDARY MARKET. http://fraser.stlouisfed.org/ * T OBank T A L Sof St. MAY NOT ADD DUE TO R O U N D I N G . Federal Reserve Louis ARE TABLE 3C $1 BILLION - CO* S M A T U R I N G 1969 1970 TOTAL IN $2 0 0 MI L L I O N AND UNDER $200 $500 MILLION T0 MILLION $500 $1 MILLION TO BILLION AND OVER PRIME TOTAL NEW YORK CITY 3/ OUTSIDE NEW YORK CITY NON-PRIME APR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 MAY 20.0 22.8 18.9 19.2 20.3 21.6 19.5 19.8 JUNE 22.4 21.4 19.8 21.9 23.3 29.4 19.1 21.9 JULY 17.8 21.4 18.2 19.7 16.7 16.0 16.4 18.0 AUGUST 8.7 8.3 11.4 8.0 8.3 8.8 8.2 8.0 SEPTEMBER 8.8 9.2 9.4 9.5 8.4 7.6 8.8 8.7 OCTOBER 7.3 7.6 9.1 7.9 6.7 4.9 8.3 6.6 NOVEMBER 2.3 1.4 2.5 1.8 2.5 2.0 2.6 3# 1 DECEMBER 2.9 1.9 2.7 3.5 2.9 2.4 3.0 3.4 JANUARY 2.9 2.4 2.2 2.7 3.2 2.3 3.3 4.2 FEBRUARY 1.5 0.8 1.7 1.4 1.6 1.1 2.3 1.3 MARCH 1.3 1.3 1.1 1.0 1.5 1.0 1.9 1.5 APRIL 1.5 1.1 0.9 1.5 1.7 1.9 1.7 1.4 MAY OR LATER 2.4 0.3 2.0 1.9 2.9 1.1 5.1 2.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL * AND D I V I D E N D MAI UK H i t 5 J JUNE 10 1.1 1.3 0.6 1.2 1.1 1.7 0.7 1.0 JUNE 16 3.3 1.3 1.6 2.6 4.3 7.5 2.6 2.5 1/ INCLUDES 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 $100,000 OR MORE ISSUED BY MEEKLY R E P O R T I N G BANKS. ARE * T O T A L S MAY NOT ADD DUE TO R O U N D I N G . TABLE MATURITY 3D 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 T I M E C E R T I F I C A T E S O f AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 / AS OF 3 0 APR 1 9 6 9 C U M U L A T I V E PERCENTAGE DEPOSIT $1 BILLION - CD* S MATURING 1969 1970 $200 $500 MILLION T0 MILLION $500 $1 MILLION TO BILLION AND OVER PRIME TOTAL NE W YORK CITY 3/ OUTSIDE NEW YORK CITY NON-PRIME APR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 MAY 20.0 22.8 18.9 19.2 20.3 21.6 19.5 19.8 JUNE 42.4 44.2 38.7 41.1 43.6 51.0 38.6 41.7 JULY 60.2 65.6 56.9 60.8 60.3 67.0 55. 0 59.7 AUGUST 68.9 73.9 68.3 68.8 68.6 75.8 63.2 67.7 SEPTEMBER 77.7 83.1 77.7 78.3 77.0 83.4 72.0 76.4 OCTOBER 85.0 90.7 86.8 86.2 83.7 88.3 80.3 83.0 NOVEMBER 87.3 92.1 89.3 88.0 86.2 90.3 82.9 86.1 DECEMBER 90.2 94.0 92.0 91.5 89.1 92.7 85.9 89.5 JANUARY 93.1 96.4 94.2 94.2 92.3 95.0 89.2 93.7 FEBRUARY 94.6 97.2 95.9 95.6 93.9 96.1 *1*5 95.0 MARCH 95.9 98.5 97.0 96.6 95.4 97.1 93.4 96.5 APRIL 97.4 99.6 97.9 98.1 97.1 99.0 95.1 97.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 MAY OR L A T E R 1/ $2 0 0 MI L L I ON AND UNDER TOTAL IN 1/ INCLUDES 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 > REPORTED BY D E A L E R S $100,000 , TO TRADE WITHIN OR MORE , 1 OR 2 BASIS POINTS ISSUED BY WEEKLY R E P O R T I N G BANKS. * OF EACH OTHER W I T H I N =u.u„.»»,,=« THE ARE SECONDARY M A R K E T . r TABLE 3E SALES /!/ OF N E G O T I A B L E TIME C E R T I F I C A T E S O F D E P O S I T S I N C E P R E V I O U S MONTH 2 / AT WEEKLY R E P O R T I N G BANKS BY S I Z E OF BANKS 3 / AS OF 3 0 APR 1 9 6 9 PERCENTAGE D I S T R I B U T I O N $ 1 B I L L I O N AND OVER - CD'S 1969 MATURING IN $200 MI L L I O N AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION - PRIME TOTAL 4/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY APR MAY 24.1 22.2 20.8 25.1 25.1 29.2 22.0 24.2 JUNE 15.9 18.3 18.9 16.9 14.0 14.6 12.5 15.0 JULY 19.6 25.9 18.9 19.8 18.6 21.6 15.8 18.5 AUGUST 2.0 1.6 2.2 2.1 1.9 1.7 2.5 1.6 SEPTEMBER 6.4 5.4 5.8 6.2 7.0 6.3 8.1 6.4 18.5 18.1 22.4 20.6 16.4 12.5 20.8 15.6 NOVEMBER 3.1 1.6 1.6 1.7 4.5 3.9 2.8 6.9 DECEMBER 1.3 0.7 0.8 1.3 1.7 1.7 2.2 1.1 JANUARY 1.7 0.8 1.2 1.1 2.2 2.0 2.4 2.3 FEBRUARY 0.2 0.2 0.3 0.3 0.1 0.0 0.3 0.1 MARCH 1.4 1.9 1.0 0.8 1.7 0.7 2.7 1.5 APRIL OR L A T E R 5.8 3.2 6.1 4.1 6.9 5.9 7.8 6.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OCTOBER 1970 TO TAL TOTAL * i ncnuiNiiriuun* i ha mnxu U1V t U C N U M M l UIS 1 1 i t a 1 JUNE 10 0.5 0.8 0.4 0.3 0.6 0.4 0.9 0.4 JUNE 16 1.3 0.9 1.3 1.6 1.2 1.1 0.8 1.7 1MEMORANDUM: 262 I/ 2/ 3/ 4/ 90 NUMBER OF BANKS 1 84 51 37 12 SEE TECHNICAL A P P E N D I X A . I N C L U D E S C E R T I F I C A T E S I N D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . TOTAL D E P O S I T S AS R E P O R T E D I N THE C A L L REPORT OF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 . P R I M E BANKS ARE THOSE WHOSE 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 ARE REGARDED AS B E I N G O F THE H I G H E S T Q U A L I T Y AND WHICH R E P O R T E D BY D E A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N T H E SECONDARY M A R K E T . http://fraser.stlouisfed.org/ * T O T A L S MAY N O T ADD DUE TO R O U N D I N G . Federal Reserve Bank of St. Louis 18 ARE TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY 1/ REPORTING BANKS AT VARIOUS SURVEY DATES (IN MONTHS) DATE O F SURVEY BANK C L A S S I F I C A T I O N 30 APR 1969 26—MAR 1969 2 6 FEB 1969 (BY L O C A T I O N ! ALL R E P O R T I N G BANKS ISSUING C D ' S 3.4 3.4 3.4 NEW YORK C I T Y 3,0 3.0 3.0 CHICAGO 2,9 3.2 3.2 OTHER 3.5 3.5 3.6 [BY S I Z E OF BANKS 2 / UNDER $200 $200-$500 MILLION MILLION $500-$1,000 OVER MILLION $1 B I L L I O N PRIME IN NEW YORK C I T Y 3 / PRIME OUTSIDE NEW YORK C I T Y 3/ NON-PRIME 2.9 2.8 2.8 3.4 3.5 3.6 3.3 3.4 3.4 3.4 3.4 3.4 2.9 3.0 3.0 3.8 3.9 3.9 3.4 3.4 3.4 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A U T Y AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET. IN DEN O MIN A TIO N S OF D E P O S I T S AS REPORTED I N $100,000 THE CALL REPORT OR MORE I S S U E D BY WEEKLY R E P O R T I N G BANKS. OF C O N D I T I O N ON DECEMBER 31, 1965. TABLE 4 B AVERAGE MATURITY OF NEGOTIABLE TIME C E R T I F I C A T E S SOLD BY WEEKLY R EPO R TIN G OF D E P O S I T 1/ BANKS DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS 1 DATE O F SURVEY BANK C L A S S I F I C A T I O N 30 APR 1969 26—MAR 1969 2 6 FEB 1969 < BY LOCATION I ALL R E P O R T I N G BANKS ISSUING C D ' S 3.5 3.6 3,6 NEW YORK C I T Y 3.4 3.4 3.2 CHICAGO 3.8 3.T 4,0 OTHER 3.5 3.7 3.7 (BY S I Z E OF BANKS UNDER 3.1 3.3 3.0 $ 2 0 0 — $ 5 0 0 MILLION 3.5 3.4 3.8 $500-$1,000 3.3 3.6 3.6 3.7 3.7 3.7 3.2 3.3 3.1 4.1 4.4 4.1 3.7 3.4 3.7 OVER $200 $1 MILLION 2/ MILLION BILLION PRIME IN NEW YORK C I T Y 3 / PRIME OUTSIDE NEW YORK C I T Y 3 / NON-PRIME 1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF 2/ TOTAL 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET. D E P O S I T S AS REPORTED N O T E — S E E TECHNICAL A P P E N D I X B . IN $100,000 THE CALL REPORT OR MORE ISSUED BY WEEKLY R E P O R T I N G B A N K S , OF C O N D I T I O N ON DECEMBER 31, 1965. T A B L E SA RATIO OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T TO TOTAL 1/ DEPOSITS AT VARIOUS SURVEY DATES I PER CENT) DATE OF SURVEY 30 APR 1969 2 6 MAR 1 9 6 9 2 6 FEB 1969 ALL BANKS I S S U I N G CD'S 7.8 8.7 9.2 UNDER 200 7.2 7.5 7.5 200 - 500 8.4 8.5 00 00 TOTAL D E P O S I T S 2 / C I N M I L L I O N S OF DOLLARS! 500 - 1000 8.3 9.0 9.3 7.6 8.9 9.4 6.6 00 9.4 7.3 8.2 8.5 9.9 11.0 11.5 OVER 1000 IN NEW YORK 3 / PRIME OUTSIDE * PRIME NEW YORK 3 / NONPRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL D E P O S I T S AS REPORTED I N 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N I OR 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS THE CALL OF $ 1 0 0 , 0 0 0 REPORT D E P O S I T S IN THE DENOMINATOR OF THE R A T I O INTERBANK AND U . S . GOVERNMENT D E P O S I T S . OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . OF C O N D I T I O N ON DECEMBER 3 1 , 1965. I N T H I S TABLE ARE TOTAL DEMAND AND TIME D E P O S I T S , INCLUDING f TABLE 5 8 R A T I O OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T T O TOTAL DEPOSITS AS OF 3 0 APR 1/ 1969 (NUMBER OF BANKS) TOTAL (IN DEPOSITS 2/ M I L L I O N S OF DOLLARS) ALL BANKS 5% OR LESS 5 TO 10* 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE AVERAGE CD TO D E P O S I T RATIO ( P E R CENT) ISSUING CD'S 94 87 44 25 10 2 7.8 UNDER 200 41 25 14 6 3 1 7,2 200 - 500 32 23 15 9 4 1 8.4 500 - 1000 15 21 8 4 3 0 8.3 6 18 7 6 0 0 7.6 OVER 1000 PRIME IN NEW YORK 3 / 1 6 0 0 0 0 6,6 PRIME OUTSIDE 2 6 3 I 0 € 7,3 3 6 4 5 0 0 9,9 NEW YORK 3 / NONPRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL D E P O S I T S AS REPORTED 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED A S B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 I N THE CALL REPORT OR MORE I S S U E D BY WEEKLY R E P O R T I N G BANKS. OF C O N D I T I O N ON DECEMBER 3 1 , D E P O S I T S IN THE DENOMINATOR OF THE R A T I O I N T H I S INTERBANK AND U . S . GOVERNMENT D E P O S I T S . TABLE ARE TOTAL 1965. DEMAND AND T I M E D E P O S I T S , INCLUDING TABLE 5C PER CENT CHANGE I N OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E OF D E P O S I T / I 26 MAR 1 9 6 9 TO 3 0 APR 1969 (NUMBER OF BANKS) DECLINES TOTAL D E P O S I T S 2 / REDUCED C D ' S TO ZERO ( IN M I L L I O N S OF DOLLARS! ALL BANKS 1 0 * OR MORE OF 5 TO 10% I N C R E A S E S OF 5% OR LESS 1 51 40 60 UNDER 200 I 20 11 18 200 - 500 0 5 14 18 500 - 1000 0 12 6 16 0 14 9 0 5 0 0 1000 PRIME 5% OR LESS 5 TO 10% 10% OR MORE I S S U E D C D ' S BUT HAD NONE O U T S T A N D ING ON BASE DATE ISSUING CD'S OVER NO CHANGE IN NEW YORK 3 / PRIME OUTSIDE NEW YORK 3 / NONPRIME 13 42 I 11 5 17 I 6 17 5 19 0 2 7 3 5 0 8 0 5 0 I 0 2 0 0 0 0 0 0 3 4 3 0 1 0 1 0 6 3 5 0 4 0 0 0 OF $ 1 0 0 , 0 0 0 OR MORE 7 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL D E P O S I T S AS REPORTED I N THE CALL 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- I N DENOMINATIONS 40 1 5 REPORT I S S U E D BY WEEKLY R E P O R T I N G BANKS. OF C O N D I T I O N ON DECEMBER 3 1 , 1965. THE NUMBER OF BANKS I N T H I S TABLE D I F F E R S FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING C D ' S ON THE LAST SURVEY REDUCED T H E I R OUTSTANDINGS TO ZERO ON T H I S SURVEY. / TABLE 5 D PER CENT CHANGE I N OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E OF D E P O S I T 29 JAN 1 9 6 9 TO 3 0 APR /I 1969 (NUMBER OF BANKS 1 TOTAL (IN ALL DEPOSITS /?. M I L L I O N S OF DOLLARS) BANKS CD'S REDUCED - —» •• C D ' S 25% TO OR MORE ZERO INCREASE D E C L I N E S OF 20 15 to 5 TO TO TO TO 20% 25% 15% ISSUING 5% 10% OR LESS OF NO 5% 5 10 15 20 25% TO TO TO TO CHANGE OR LESS OR MORE 10% 25% 20% 15% ISSUED C D ' S BUT HAD NONE OUTSTANDING ON BASE DATE 3 38 16 17 22 35 30 10 19 21 5 12 3 33 1 UNDER 200 2 12 5 3 5 9 7 3 8 14 3 3 1 16 1 200 - 500 I 5 3 6 5 13 9 5 8 5 1 7 1 16 0 500 - 1000 0 8 4 7 3 11 7 2 3 2 0 2 I 1 0 0 13 4 1 9 2 7 0 0 0 I 0 0 0 Q 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 P R I M E O U T S I D E NEW YORK 3 / 0 3 0 1 5 0 3 0 0 0 0 0 0 0 Q NONPRIME 0 4 3 0 4 2 4 0 0 0 I 0 0 0 0 OVER 1000 PRIME IN NEW YORK 3/ 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 D E P O S I T S A S REPORTED I N THE CALL OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . REPORT OF C O N D I T I O N ON DECEMBER 31, 1965. THE NUMBER OF BANKS I N T H I S TABLE D I F F E R S FROM THOSE I N MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING C D ' S ON THE SURVEY THREE MONTHS P R I O R TO THE CURRENT S U R V E Y , REDUCED T H E I R O U T S T A N D I N G S TO Z E R O . TABLE 5 E CHANGE I N OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T OVER THE MONTH AS A PER CENT OF TOTAL 1/ DEPOSITS AT THE B E G I N N I N G OF THE P E R I O D 26 MAR 1 9 6 9 TO 3 0 APR 1969 1NUMBER OF BANKS I TOTAL D E P O S I T S 2 / (IN ALL D E C L I N E S OF M I L L I O N S OF DOLLARS) BANKS CD'S 3X AND OVER 2 TO 31 1 TO 2% I N C R E A S E S OF 1 * ANO LESS NO CHANGE IX AND LESS 2 TO 3% 1 TO 2X 3% AND OVER ISSUING 1 8 30 113 15 73 11 UNDER 200 1 4 8 37 7 22 4 4 2 200 - 500 0 2 5 30 6 31 6 1 3 500 - 1000 0 2 7 25 2 14 1 0 0 0 0 10 21 0 6 0 0 0 0 0 4 3 0 0 0 0 0 0 0 2 8 0 2 0 0 0 0 0 4 10 0 4 0 0 0 OVER 1000 PRIME IN NEW YORK 3 / PRIME OUTSIDE NEW YORK 3 / NONPRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL D E P O S I T S AS REPORTED 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- I N DENOMINATIONS IN OF $ 1 0 0 , 0 0 0 THE CALL REPORT D E P O S I T S IN THE DENOMINATOR OF THE R A T I O INTERBANK AND U . S . GOVERNMENT D E P O S I T S . OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . OF C O N O I T I O N ON DECEMBER 3 1 , I N T H I S TABLE 1965. ARE TOTAL DEMAND AND TIME D E P O S I T S , INCLUDING TABLE 5 F CHANGE OVER IN OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T 1 / THE LAST THREE MONTHS AS A PER CENT OF TOTAL D E P O S I T S AT THE B E G I N N I N G OF THE P E R I O D 29 JAN 1 9 6 9 TO 3 0 APR 1969 (NUMBER OF BANKS 1 TOTAL (IN DEPOSITS M I L L I O N S OF D O L L A R S ) ALL BANKS CD'S DECLINES 2/ 5% AND OVER 3 TO 4% 4 TO 5X I N C R E A S E S OF OF 2 TO 3* 1% AND LESS 1 TO 2% ISSUING NO CHANGE 1% AND UNDER 1 TO 2% 5% AND OVER 4 TO 5% 3 TO 4% 2 TO 3% 6 6 12 23 28 83 10 54 25 3 5 3 3 UNDER 2 0 0 1 1 2 3 5 29 3 23 13 3 3 I 2 200 - 500 I 2 4 4 6 24 5 24 9 0 2 2 1 500 1000 2 2 2 5 10 19 2 7 2 0 0 0 0 2 1 4 11 7 11 0 0 1 0 0 0 0 1 0 4 1 1 0 0 0 0 0 0 0 0 P R I M E O U T S I D E NEW YORK 3 / 0 I 0 3 4 4 0 0 0 0 0 0 0 NONPRIME I 0 0 7 2 7 0 0 1 0 0 0 0 - OVER 1000 PRIME IN NEW YORK 3/ OR MORE I S S U E D BY WEEKLY R E P O R T I N G BANKS. 1/ I N C L U D E S C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 2/ TOTAL 3/ P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY MARKET. NOTE- D E P O S I T S AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , D E P O S I T S I N THE DENOMINATOR OF THE R A T I O INTERBANK AND U . S . GOVERNMENT D E P O S I T S . IN T H I S TABLE ARE TOTAL 1965. DEMAND AND TIME D E P O S I T S , INCLUDING TABLE 6A MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 (AMOUNTS CD'S 1969 MATURING IN ALL DISTRICTS APR 0 . 0 MILLIONS 1969 OF DOLLARS) PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o.o 0.0 0.0 3524.9 217.5 1102.1 102.0 187.0 98.9 94.1 572.8 59.1 43.8 98.4 277.5 671.7 J UN 3940.9 284.8 1440.1 128.7 222.1 100.8 139.6 500.4 99.7 52.6 89*5 230.7 651.9 JUL 3138.2 161.0 852.1 82.4 258.8 85.7 120.6 396.2 56.7 50.7 102.3 344.5 627.2 AUG 1539,6 69.0 460.9 33.7 142.0 29.0 46.6 227.9 36.1 22.5 65.3 121.3 285.3 SEP 1549.2 102.5 429.6 47.0 107.8 68.8 52.3 226.1 42.1 23.4 45.1 121.3 283.2 OCT 1294.2 98.3 274.9 30.9 81.7 48.3 61.5 154.7 28.7 17.3 57.6 108.8 331.5 NOV 406.0 32.2 108.9 9.6 42.5 9.9 12.3 64.6 10.0 2.4 5.3 17V0 91.3 DEC 514.8 64.2 147.4 14.2 41.3 13.0 21.3 55.8 26.5 5.1 9.0 48.2 68.8 1 9 7 0 JAN 508.5 21.8 127.7 20.7 52.1 5.8 19.9 53.1 10.8 3.5 9.0 53.5 130.6 FEB 266.7 9.3 59.3 9.8 27.2 9.6 13.9 36.8 4.5 1.7 3.5 13.9 77.2 MAR 235.3 9.6 53.5 6.3 18.6 4.2 3.8 39.5 3.1 0.4 5.7 31.0 59.6 APR 267.4 6.9 91.6 6.4 31.3 5.4 4.2 CM 00 7.8 0.4 6.7 20.1 57.9 MAY OR LATER 427.6 14.8 51.9 15.2 210.1 7.6 8.9 43.4 5.2 5. 0 0.2 19.0 46.3 17613.4 1091.9 5200.0 506.9 1422.5 487.0 599.0 2400.0 390.3 228.9 497.6 1406.8 3382.5 3.3 3.2 3.0 3.3 4.9 3.2 3.3 3.1 3.5 2.9 3.0 3.3 3.4 18 49 10 16 15 23 36 11 5 21 AVERAGE MATURITY IN MONTHS 2 / NUMBER OF R E P O R T I N G BANKS 2 6 2 1/ I N C L U D E S ONLY C E R T I F I C A T E S 2/ SEE TECHNICAL I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 APPENDIX B . D E T A I L S MAY NOT ADD ISSUED TO TOTALS DUE TO ROUNDING. r- HAY TOTAL * * BOSTON NEW YORK IN APR 1/ OR MORE BY WEEKLY R E P O R T I N G BANKS. 2 5 33 TABLE 6 B 1/ 2/ S A L E S OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T WEEKLY R E P O R T I N G BANKS BY FEDERAL R E S E R V E D I S T R I C T AS O F 3 0 I AMOUNTS CD®S M A T U R I N G 1969 1970 IN ALL DISTRICTS BOSTON MAY 944.2 57.5 J UN 624.5 JUL OF DOLLARS) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 82.8 10.4 7.8 27.4 140. 1 205.1 63.3 68.0 32.6 7.0 10.8 43.9 106.7 37.3 35.4 86.7 16.3 14.7 15.2 61.3 161.7 4.6 1.2 2.3 5.1 5.4 2.0 5.2 1.0 19,3 10.0 7.1 11.9 9.3 30.7 3.4 3.5 5.3 27.1 55.6 140.4 19.7 35.3 31.6 50.8 91.5 20.0 7.7 31.5 85.1 161.5 14.8 34.6 4.5 12.2 2.3 4.6 4.1 3.5 0.9 0.1 2.1 37.2 53.1 8.2 15.3 3.4 6.8 1.7 1.8 5.1 1.2 1.4 0.2 2.3 5.7 JAN 65. 8 3.9 15.6 1.3 8.7 0.6 0.3 11.3 0.7 0.0 1.2 6.5 15.7 FEB 7.9 0.6 1.5 0.3 0.9 0.0 1.1 1.9 0.2 0.1 0.0 0.5 0.8 MAR 55. 3 0.8 11.3 1.5 2.1 1.6 1.5 10.2 0.4 0.3 0.5 8.6 16.5 227.1 1.9 57.4 8.9 54.8 5.4 3.4 25.1 3.1 0.4 6.4 17.1 43,2 3926.4 262.2 1089.2 119.5 226.2 139.7 195.7 422.5 97.2 45.8 103. 8 395.6 829.0 3.5 3.2 3.1 3.7 5.5 3.3 3.2 3.7 3.2 3.0 3.6 3.1 3.5 CLEVELAND RICHMOND ATLANTA 303.4 28.0 29.0 30.8 21.9 47.5 185.0 15.0 29.4 15.3 770.8 53.5 231.2 22.2 35.3 AUG 77.3 3.5 23.0 4.7 SEP 252.4 18.0 70.5 OCT 727.1 52.0 NOV 120.9 DEC * AVERAGE M A T U R I T Y I N MONTHS 3 / 1/ SEE 2/ I N C L U D E S ONLY C E R T I F I C A T E S 3/ SEE * IN M I L L I O N S P R E V I O U S MONTH 1969 PHILADELPHIA APR OR LATER TOTAL APR SINCE TECHNICAL TECHNICAL DETAILS APPENDIX APPENDIX MAY NOT ADD NEW YORK CHICAGO A, ISSUED I N DENOMINATIONS B. TO T O T A L S DUE TO R O U N D I N G . OF S 1 0 0 f 0 0 0 OR MORE BY WEEKLY R E P O R T I N G B A N K S , TABLE 6 C MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 (PERCENTAGE CD'S 1969 1970 TOTAL 1/ MATURING IN ALL DISTRICTS BOSTON APR 0. 0 0.0 MAY 20.0 J UN NEW YORK APR 1/ 1969 DISTRIBUTION! PHILADELPHIA CLEVELAND RICHMOND ATLANTA 0.0 0.0 0.0 0.0 0.0 19.9 21.2 20.1 13.1 20.3 22.4 26.1 27.7 25.4 15.6 JUL 17.8 14.7 16.4 16.3 AUG 8.7 6.3 8.9 SEP 8.8 9.4 OCT 7.3 NOV CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY 0.0 0.0 0.0 0.0 0.0 0.0 15.7 23.9 15.1 19.1 19.8 19.7 19.9 20.7 23.3 20.9 25.5 23.0 18.0 16.4 19.3 18.2 17.6 20.1 16.5 14.5 22.1 20.6 24.5 18.5 6.6 10.0 6.0 7.8 9.5 9.2 9.8 13.1 8.6 8.4 8.3 9.3 7.6 14.1 8.7 9.4 10.8 10.2 9.1 8.6 8.4 9. 0 5.3 6.1 5.7 9.9 10.3 6.4 7.4 7.6 11.6 7.7 9.8 2.3 2.9 2.1 1.9 3.0 2.0 2.1 2.7 2.6 1.0 1.1 1.2 2.7 DEC 2.9 5.9 2.8 2.8 2.9 2.7 3.6 2.3 6.8 2.2 1.8 3.4 2.0 JAN 2.9 2.0 2.5 4.1 3.7 1.2 3.3 2.2 2.8 1.5 1.8 3.8 3.9 FEB 1.5 0. 9 1.1 1.9 1.9 2.0 2.3 1.5 1.2 0.7 0.7 1.0 2.3 MAR 1.3 0.9 1.0 1.2 1.3 0.9 0.6 1.6 0.8 0.2 1.1 2.2 1.8 APR 1.5 0.6 1.8 1.3 2.2 1.1 0.7 1.2 2.0 0.2 1.3 1.4 1.7 MAY OR LATER 2.4 1.4 1.0 3.0 14.8 1.6 1.5 1.8 1.3 2.2 0.0 1.4 1.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 * I N C L U D E S ONLY C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY R E P O R T I N G BANKS. DALLAS FRANCISCO TABLE 6 0 MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S O F D E P O S I T 1 / AT WEEKLY R E P O R T I N G BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 APR 1969 (CUMULATIVE PERCENTAGE) C D ' S MATURING 1969 1970 IN ALL 01 s TRICTS BOSTON APR 0. 0 0.0 0.0 MAY 20. 0 19.9 J UN 42.4 JUL PHI L A DELPHI A SAN FRANCISCO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS 0.0 0.0 0.0 0.0 0.0 0.0 15.7 21.9 15.1 19.1 19.8 19.7 19.9 41.0 39.0 44.8 40.6 42.1 37.8 36.1 39.2 46.9 58.6 59.1 61.3 55.1 64.2 58.4 60.6 57.7 68.4 56.9 64.6 66.9 70.8 64.3 74.0 71.5 69.2 66.1 82.5 77.7 64.5 78.7 75.6 80.2 75.1 84.2 80.6 77.8 74.5 85.4 87.8 83.8 70.2 88.6 85.9 86.6 82.5 91.8 92.2 85.5 84.3 87.3 88.3 89.9 85.7 73.2 90.6 88.0 89.3 85.1 92.8 93.3 86.7 87.0 DEC 90.2 94.2 92.7 88.5 76.1 93.3 91.6 91.6 91.9 95.0 95.1 90.1 89.0 JAN 93.1 96.2 95.2 92.6 79.8 94.5 94.9 93.8 94.7 96.5 96.9 93.9 92.9 FEB 94.6 97. 1 96.3 94.5 81.7 96.5 97.2 95.3 95.9 97.2 97.6 94.9 95.2 MAR 95.9 98.0 97.3 95.7 83.0 97.4 97.8 96.9 96.7 97.4 98.7 97.1 97.0 APR 97.4 98.6 99.1 97.0 85.2 98.5 98.5 98.1 98.7 97.6 100.0 98.5 98.7 100.0 100. 0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 CLEVELAND RICHMOND ATLANTA 0.0 0.0 0.0 0.0 21.2 20.1 13.1 20.3 46.0 48.9 45.5 28.7 60.2 60.7 65.3 61.8 AUG 68.9 67.0 74.2 SEP 77.7 76.4 OCT 85.0 MOV MAY OR LATER 1/ NEW YORK I N C L U D E S ONLY C E R T I F I C A T E S ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CHICAGO OR MORE BY WEEKLY R E P O R T I N G B A N K S . TABLE 6 E 1/ 2/ SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 (PERCENTAGE CD* S MATUR ING 1969 1970 TOTAL IN ALL DISTRICTS BOSTON MAY 24.0 21.9 J UN 15.9 JUL DISTRIBUTION! SAN FRANCISCO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS 19.6 10.7 17.0 26.4 35.4 24.7 32.3 16.1 33.5 15.3 10.4 11.1 12.9 26.7 18.1 20.5 16.8 32.1 14.6 15.5 19.5 2.0 0.9 1.2 1.2 5.6 4.4 5.0 0.3 2.3 8.4 3.1 8.5 4.8 7.3 3.5 7.6 5.1 6.9 6.7 12.9 16.5 15.6 22.6 26.0 21.7 20.6 16.8 30.3 21.5 19.5 5.6 3.2 3.8 5.4 1.6 2.4 1.0 3.6 2.0 0.1 0.5 4.5 1.4 3.1 1.4 2.8 3.0 1.2 0.9 1.2 1.2 3.1 0.2 0.6 0.7 JAN 1.7 1.5 1.4 1.1 3.8 0.4 0.2 2.7 0.7 0.0 1.2 1.6 1.9 FEB 0.2 0.2 0.1 0.3 0.4 0.0 0.6 0.4 0.2 0.2 0.0 0.1 0.1 MAR 1.4 0.3 1.0 1.3 0.9 1.1 0.8 2.4 0.4 0.7 0.5 2.2 2.0 APR OR LATER 5.8 0.7 5.3 7.4 24.2 3.9 1.7 5.9 3.2 0.9 6.2 4.3 5.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 CLEVELAND RICHMOND ATLANTA 27.9 23.4 12.8 22.0 11.2 18.1 17.0 12.6 13.0 11.0 19.6 20.4 21.2 18.6 15.6 AUG 2.0 1.3 2.1 3.9 SEP 6.4 6.9 6.5 OCT 18.5 19.8 NOV 3.1 DEC * SEE 2/ I N C L U D E S ONLY C E R T I F I C A T E S * APR 1 9 6 9 PHILADELPHIA 1/ NOTE - S I N C E P R E V I O U S MONTH TECHNICAL SALES IN CHICAGO APPENDIX A . THIS TABLE ARE ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 NOT A D J U S T E D FOR C D ' S D E T A I L S MAY NOT * ADD TO TOTALS DUE NEW YORK TO ROUNDING. OR MORE BY WEEKLY R E P O R T I N G BANKS. THAT HAVE MATURED. TECHNICAL APPENDIX A 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'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 aa 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 and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD"s 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.
@FedFRASER