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April 3, 1969. L.4.1 CONFIDENTIAL (FR) SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF February 26, 1969. 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 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 AS OF 26 FEB CD'S MATURING AMOUNT (MILLIONS OF DOLLARS) IN 1969 F E B R U A R Y 2 7 - 28 1969 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE S A L E S SINCE P R E V I O U S M O N T H 2/ (MILLIONS OF D O L L A R S ) 530.1 2.7 2.7 .0 MARCH 4*674.2 23.4 26.1 929.8 APRIL 3,344.8 16.7 42.8 367.9 MAY 2,279.0 11.4 54.2 707.8 JUNE 2,585.6 12.9 67.1 128.9 JULY 2,307.7 11.6 78.7 170.1 AUGUST 1,347.1 6.7 85.4 813.9 SEPTEMBER 611.9 3.1 88.5 72.5 OCTOBER 511.6 2.6 91.1 33.1 NOVEMBER 260.4 1.3 92.4 24.1 DECEMBER 418.3 2. 1 94.5 23.7 404.0 2.0 96.5 56.0 220.7 1.1 97.6 475.1 2.4 100.0 XXX 19,970.5 100.0 XXX 3,532.6 1970 J A N U A R Y FEBRUARY OVER 12 M O N T H S TOTAL (MEMORANDUM: M A R C H 10 M A R C H 17 APRIL 15 398.2 842.8 458.3 1/ INCLUDES ONLY CERTIFICATES 2/ SEE T E C H N I C A L A P P E N D I X TAX A N D D I V I D E N D M A T U R I T I E S ) 2.0 4.2 2.3 IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE A. 3/ S A L E S OF C D ' S M A T U R I N G AFTER 2 0 4 . 8 3/ XXX XXX XXX 74.7 135.6 23. 3 ISSUED BY WEEKLY R E P O R T I N G BAMjtS. S 11 M O N T H S . 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 TIME C E R T I F I C A T E S OF D E P O S I T AT NEW YORK C I T Y , C H I C A G O , A N D ALL OTHER WEEKLY R E P O R T I N G B A N K S AS OF 26 FEB 1969 (IN M I L L I O N S OF D O L L A R S I NEW YORK C I T Y CD'S MATURING IN 1969 FEB 27 - FEB AMOUNT 28 CHICAGO SALES SINCE P R E V I O U S MONTH 2/ - - WEEKLY REPORTING AMOUNT .0 46.7 .0 337.9 .0 MARCH 1,323.3 231.1 333.6 44.5 3,017.3 654.2 APRIL 835.3 74.7 202.6 16.2 2,306.9 277.0 MAY 571.3 122.9 269.0 78.2 1,438.7 506.7 JUNE 844.7 8.7 193.3 4.4 1,547.6 115.8 JULY 441.8 15.8 150.2 6.4 1,715.7 147.9 AUGUST 313.1 173.6 106.1 76.0 927.9 564.3 SEPTEMBER 127.0 13.0 58.2 2.9 426.7 56.6 OCTOBER 85.1 2.1 22.0 .4 404.5 30.6 NOVEMBER 44.6 4.4 27.1 2.0 188.7 17.7 DECEMBER 89.8 2.5 18.0 .6 310,5 20.6 70.6 3.2 16.0 .7 317.4 52.1 2 9 . 7 /3 17.2 21.1 /3 160.4 154.0 /3 FEBRUARY 43.1 OVER 57.2 XXX 15.9 XXX 402.0 XXX 4,992.4 681.7 1,475.9 253.4 13,502.2 2,597 .5 12 M O N T H S TOTAL * N U M B E R OF R E P O R T I N G BANKS CMEMORANDUMS M A R C H 10 M A R C H 17 APRIL 15 96.8 351.8 132.2 1/ I N C L U D E S ONLY C E R T I F I C A T E S 3 / SALES OF C D ' S M A T U R I N G AFTER 11 M O N T H S . * T O T A L S MAY NOT A D D DUE TO R O U N D I N G . TAX A N D D I V I D E N D M A T U R I T I E S ) 33.0 65.7 36.2 17.6 39.9 3.2 IN D E N O M I N A T I O N OF SEE T E C H N I C A L A P P E N D I X A . 239 11 12 $100,000 OR MORE 2.4 8.4 .6 ISSUED BY W E E K L Y REPORTING B A N K S . 268.4 425.3 289.9 BANKS SALES SINCE P R E V I O U S M O N T H 2/ 145.5 1970 JANUARY 2/ AMOUNT SALES SINCE P R E V I O U S M O N T H 2/ - ALL OTHER 54.7 87.3 19.5 TABLE 2B 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 C E R T I F I C A T E S OF DEPOSIT AT NEW YORK C I T Y , C H I C A G O , A N D ALL OTHER WEEKLY R E P O R T I N G BANKS AS OF 26 FEB 1969 A N D 29 JAN 1969 (PERCENTAGE D I S T R I B U T I O N ) NEW YORK CITY 26 FEB 0 - 6 D A Y S 2/ CHICAGO 29 JAN 2.9 26 FEB ALL OTHER 29 JAN 26 FEB 29 JAN 3.2 2.5 2.5 2.8 21.6 22.3 20.8 26.5 22.6 02 MONTHS 16.7 19.4 13.7 18.7 17.1 17.1 0 3 MONTHS 11.4 13.5 18.2 12.0 10.7 14.7 0 4 MONTHS 16.9 7.9 13.1 12.3 11.5 6.7 05 MONTHS 8.8 14.8 10.2 12.2 12.7 10.3 06 MONTHS 6.3 7.5 7.2 9.3 6.9 11.3 07 MONTHS 2.5 2.5 3.9 1.9 3.2 2.6 08 MONTHS 1.7 2.0 1.5 3.6 3.0 2.7 09 M O N T H S .9 1.5 1.8 1.4 1.4 2.7 10 M O N T H S 1.8 .7 1.2 1.6 2.3 1.2 11 M O N T H S 1.4 1.5 1.1 1.1 2.4 2.1 12 M O N T H S .9 1.2 1.2 1.0 1.2 1.9 1.1 1.3 1.1 .8 3.0 3.0 100.0 100.0 100.0 100.0 100.0 100.0 12 M O N T H S TOTAL * 1/ I N C L U D E S O N L Y C E R T I F I C A T E S BANKS. o OVER CM 01 M O N T H S 3/ m 5.9 IN D E N O M I N A T I O N S OF $100,000 OR M O R E ISSUED BY W E E K L Y R E P O R T I N G 2/ N U M B E R OF DAYS R E M A I N I N G IN SURVEY M O N T H . T H I S PERIOD V A R I E S WITH THE NUMBER OF DAYS F O L L O W I N G THE LAST W E D N E S D A Y OF THE M O N T H . 3/ N U M B E R OF M O N T H S F O L L O W I N G THE SURVEY M O N T H . * T O T A L S M A Y NOT A D D DUE TO R O U N D I N G . TABLE 2C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT^AT NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 26 FEB 1969 AND 29 JAN 1969 (CUMULATIVE DISTRIBUTION) CD'S MATURING IN NEW YORK CITY 26 FEB 0 - 6 DAYS 2/ 29 JAN CHICAGO 26 FEB ALL OTHER 29 JAN 26 FEB 29 JAN 2.9 5.9 3.2 2.5 2.5 01 MONTHS 3/ 29.4 26.2 25.8 24.1 24.8 23.6 02 M O N T H S 46.1 45.6 39.5 42.8 41.9 40.7 03 MONTHS 57.5 59.1 57.7 54.8 52.6 55.4 0 4 MONTHS 74.4 67.0 70.8 67.1 64.1 62.1 05 M O N T H S 83.2 81.8 81.0 79.3 76.8 72.4 06 MONTHS 89.5 89.3 88.2 88,6 83*7 83.7 0 7 MONTHS 92.0 91.8 92.1 90.5 86.9 86.3 08 MONTHS 93.7 93.8 93.6 94.1 89.9 89.0 09 MONTHS 94.6 95.3 95.4 95.5 91.3 91.7 10 MONTHS 96.4 96.0 96.6 97.1 93.6 92.9 11 MONTHS 97.8 97.5 97.7 98.2 96.0 95.0 12 M O N T H S 98.7 98.7 98.9 99.2 97.2 96.9 100.0 100.0 100.0 100.0 100.0 100.0 OVER 12 MONTHS 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE BANKS. 2.8 ISSUED BY WEEKLY REPORTING 2/ NUMBER OF DAYS REMAINING IN SURVEY M O N T H . THIS PERIOD V A R I E S WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE M O N T H . 3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH. MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 26 FEB 1969 (AMOUNTS IN MILLIONS OF DOLLARS) TABLE 3A $1 BILLION AND OVER CD'S MATURING IN TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION PRIME 3/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 530.2 39.4 68.2 102.8 319. 137.5 116.3 66.0 MARCH 4,674.1 307.2 612.3 887.0 2,867. 1,243.8 892.0 731.8 APRIL 3,344.7 248.1 427.3 640.3 2,029. 766.2 725.5 537.3 MAY 2,279.0 142.9 319.0 378.0 1,439. 529.4 580.6 329.1 JUNE 2.585.5 114.1 274.4 462.3 1,734. 808.8 570.0 355.9 JULY 2.307.6 139.4 353.4 491.8 1,323. 410.9 543.5 368.6 AUGUST 1,346.9 80.5 267.8 233.8 764, 284.6 293.8 186.4 SEPTEMBER 611.9 21.1 105.4 114.5 370, 120.6 160.8 89.5 OCTOBER 511.5 15.7 76.7 85.3 333, 78.9 179.6 75.3 NOVEMBER 260.4 10.1 53.6 43.6 153, 40.5 77.9 34.7 DECEMBER 418.2 17.9 62.3 87.0 251, 69.3 103.2 78.5 403.9 20.1 47.5 79.2 257, 65.1 100.6 91.4 FEBRUARY 220.8 5.9 36.5 39*4 139, 33.0 72.5 33.5 MARCH OR LATER 475.1 4.8 48.3 81.1 340.9 54.0 226.3 60.6 19,969.8 1,167.2 2,752.7 3,726.1 12,323.8 4,642.6 4,642.6 3,038.6 1969 FEB 27-28 1970 JANUARY TOTAL * — (MEMORANDUM: TAX AND DIVIDEND MATURITIES) MARCH 10 398.2 23.3 45.3 80.8 248.8 84.4 82.7 81.7 MARCH 17 842.7 36.7 76.7 97.2 632.1 344.3 153.8 134.0 APRIL 15 458.4 18.9 27.0 89.4 323.1 130.2 104.9 88.0 12 18 (MEMORANDUM: 262 90 NUMBER OF BANKS) 84 51 37 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. * TOTALS MAY NOT ADD DUE TO ROUNDING. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 26 FEB 1969 (AMOUNTS IN MILLIONS OF DOLLARS) TABLE 3B SI BILLION AND OVER CD'S MATURING IN 1969 FEB TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION S500 MILLION TO $1 BILLION PRIME 4/ TOTAL OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 27-28 MARCH 929.6 88.1 129.2 196.4 515.9 212.9 157.5 145.5 APRIL 367.9 27.0 54.0 68.2 218.7 68.3 88.7 61.7 MAY 707.9 65.2 135.4 139.2 368.1 113.7 150.5 103.9 JUNE 129.0 8.7 11.1 27.6 81.6 8.7 25.7 47.2 JULY 170.1 13.3 26.6 29.7 100.5 15.7 57.3 27.5 AUGUST 813.7 63.4 144.3 147.4 458.6 155.6 190.2 112.8 SEPTEMBER 72*5 3.7 20.7 17.7 30.4 12.9 7.4 10.1 OCTOBER 33.1 2.4 6.3 11.2 13.2 1.8 5.9 5.5 NOVEMBER 24.1 0.7 4.3 5.7 13.4 3.3 5.6 4.5 DECEMBER 23.7 1.6 1.4 6.4 14.3 4.5 8.2 55.9 2.6 6.4 9.2 37.7 1.6 2.8 13.9 21.0 204.8 5.4 37.4 45.3 116.7 19.1 73.8 23.8 3,532.3 282.1 577.1 704.0 1,969.1 616.4 781.0 571.7 1970 JANUARY FEBRUARY OR LATER TOTAL * (MEMORANDUM: TAX AND DIVIDEND MATURITIES) MARCH 10 74.7 5.0 9.1 17.9 42.7 14.2 9.8 18.7 MARCH 17 135.5 14.0 30.9 15.3 75.3 38.6 16.0 20.7 23.4 0.4 2.4 6.6 14.0 3.1 6.8 14.1 APRIL 15 — 262 90 (MEMORANDUM: NUMBER OF BANKS) 84 51 37 12 2/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 3/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 4/ 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. * TOTALS MAY NOT ADD DUE TO ROUNDING. 18 TABLE 3C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 26 FEB 1969 PERCENTAGE DISTRIBUTION 1/ SI BILLION AND OVER CD'S MATURING IN TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION PRIME 3/ TOTAL NEW YORK CITY 2.7 3.4 2.5 2.8 MARCH 23.4 26.3 22.2 23.8 APRIL 16.7 21.3 15.5 MAY 11.4 12.2 JUNE 12.9 9.8 JULY 11.6 AUGUST 1969 FEB 27-28 2.6 OUTSIDE NEW YORK CITY NON-PRIME 2.2 3.0 2.5 23.3 26.8 19.2 24.1 17.2 16.5 16.5 15.6 17.7 11.6 10.1 11.7 11.4 12.5 10.8 10.0 12.4 14.1 17.4 12.3 11.7 11.9 12.8 13.2 10.7 8.9 11.7 12.1 6.7 6.9 9.7 6.3 6.2 6.1 6.3 6.1 SEPTEMBER 3.1 1.8 3.8 3.1 3.0 2.6 3.5 2.9 OCTOBER 2.6 1.3 2.8 2.3 2.7 1.7 3.9 2.5 NOVEMBER 1*3 0.9 1.9 1.2 1.2 0.9 1.7 1.1 DECEMBER 2.1 1.5 2.3 2.3 2.0 1.5 2.6 2.0 1.7 1.7 2.1 2.1 1.4 FEBRUARY 1.1 0.5 1.3- 1.1 1.1 0.7 2.2 2.2 1.6 MARCH OR LATER 2.4 0.4 1.8 2.2 2.8 1.2 4.9 2.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1970 JANUARY TOTAL * (MEMORANDUM: 100.0 3.0 1.1 TAX AND DIVIDEND MATURITIES) MARCH 10 2.0 2.0 1.6 2.2 2.0 1.8 1.8 2.7 MARCH 17 4.2 3.1 2.8 2.6 5.-1 7.4 3.3 4.4 APRIL 15 2.3 1 .'6 1. 0 2 .4 2.6 2.8 2.3 2.9 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. * TOTALS MAY NOT ADD DUE TO ROUNDING. TABLE 3D MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 26 FEB 1969 CUMULATIVE PERCENTAGE 1/ $1 BILLION AND OVER C D ' S M A T U R I N G IN TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION - PRIME 3/ TOTAL NEW YORK CITY 1969 FEB 27-28 OUTSIDE NEW YORK CITY NON-PRIME 2.7 3.4 2.5 2.8 2.6 3.0 2.5 2.2 MARCH 26.1 29.7 24.7 26.6 25.9 29.8 21.7 26.3 APRIL 42.8 51.0 40.2 43.8 42.4 46.3 37.3 44.0 MAY 54.2 63.2 51.8 53.9 54.1 57.7 49.8 54.8 JUNE 67.1 73.0 61.8 66.3 68.2 75.1 62.1 66.5 JULY 78.7 84.9 74.6 79.5 78.9 84.0 73.8 78.6 AUGUST 85.4 91.8 84.3 85.8 85.1 90.1 80.1 84.7 SEPTEMBER 88.5 93.6 88.1 88.9 88.1 92.7 83.6 87.6 OCTOBER 91.1 94.9 90.9 91.2 90.8 94.4 87.5 90.1 NOVEMBER 92.4 95,8 92.8 92.4 92.0 95.3 89.2 91.2 DECEMBER 94.5 97.3 95.1 94.7 94.0 96.8 91.4 93.8 96.5 99.0 96.8 96.8 96.1 98.2 93.6 96.8 97.6 99.5 98.1 97.9 97.2 98.9 95.2 97.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1970 J A N U A R Y FEBRUARY MARCH OR LATER 1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE R E G A R D E D AS BEING OF THE HIGHEST QUALITY AND WHICH ARE R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T . TABLE 3E SALES /I/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 26 FEB 1969 PERCENTAGE DISTRIBUTION $1 BILLION ANDi OVER - CD'S MATURING 1969 FEB IN $200 MILLION AND UNDER TOTAL $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION - PRIME 4/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 27-28 MARCH 26.3 31.2 22.4 27.9 26.2 34.5 20.2 25.5 APRIL 10.4 9.6 9.4 9.7 11.1 11.1 11.4 10.8 MAY 20.0 23. 1 23.5 19.8 18.7 18.4 19.3 18.2 JUNE 3.7 3.1 1.9 3.9 4.1 1.4 3.3 8.3 JULY 4.8 4.7 4.6 4.2 5.1 2.5 7.3 4.8 23.0 22.5 25.0 20.9 23.3 25.2 24.4 19.7 SEPTEMBER 2.1 1.3 3.6 2.5 1.5 2.1 0.9 1.8 OCTOBER 0.9 0.9 1.1 1.6 0.7 0.3 0.8 1.0 NOVEMBER 0.7 0.2 0.7 0.8 0.7 0.5 0.7 0.8 DECEMBER 0.7 0.6 0.2 0.9 0.7 0.3 0.6 1.4 1.6 0.9 1.1 1.3 1.9 0.5 1.8 3.7 5.8 1.9 6.5 6.4 5.9 3.1 9.4 4.2 1QO.O 100.0 100.0 100.0 100.0 100.0 100.0 100.0 AUGUST 1970 J A N U A R Y FEBRUARY OR LATER TOTAL * — TAX tAND DIVIDEND MATURITIES) (MEMORANDUM2 M A R C H 10 2.1 1.8 1.6 2.5 2.2 2.3 1.3 3.3 M A R C H 17 3.8 5.0 5.4 2.2 3.8 6.3 2.0 3.6 APRIL 0.7 0.1 0.4 0.9 0.7 0.5 0.9 0.7 15 D A Ml/ C % NUMBER OF BANK51 (MEMORANDUM: 262 1/ 2/ 3/ 4/ 90 84 51 37 7 12 SEE TECHNICAL A P P E N D I X A. 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 WEEKLY REPORTING BANKS. TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPORT OF C O N D I T I O N ON DECEMBER 31, 1965. P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T . * TOTALS MAY NOT A D D DUE TO R O U N D I N G . 18 TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES (IN MONTHS 1 DATE OF SURVEY BANK CLASSIFICATION 26 FEB 1969 2 9 - J A N 1969 25 DEC 1968 (BY LOCATION) ALL REPORTING BANKS 3.4 3.5 3.1 NEW YORK CITY 3.0 3.1 2.9 CHICAGO 3.2 3.2 2.9 OTHER 3.6 3.6 3.3 ISSUING CD'S (BY SIZE OF B A N K ) 2/ UNDER $200 MILLION 2.8 3.0 2.6 $200—S500 MILLION 3.6 3.6 3.1 $500-$1»000 MILLION 3.4 3.5 3.1 OVER $1 BILLION 3.4 3.5 3.2 3.0 3.1 2.9 PRIME O U T S I D E NEW YORK CITY 3/ 3.9 3.9 3.5 NON-PRIME 3.4 3.5 3.1 PRIME IN NEW YORK CITY 3/ 1/ INCLUDES C E R T I F I C A T E S 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 M A R K E T . IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. TABLE 4B AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS) DATE OF SURVEY BANK CLASSIFICATION 26 FEB 25 DEC 1968 29-JAN 1969 1969 I BY LOCATION) AIL REPORTING BANKrS ISSUING C D ' S — -- — 3.8 3.6 i -r1 o ..... NEW YORK CITY 3.2 3.8 3.9 CHICAGO 4.0 4.0 4.2 OTHER 3.7 4.1 3.7 1BY SIZE OF B A N K ) 2/ 3.0 3.5 3.1 $200—$500 MILLION 3.8 4.2 3.9 1500—$1»000 M I L L I O N 3.6 3.9 3.6 OVER SI B I L L I O N 3.7 4.1 3.9 3.1 3.8 3.9 PRIME OUTSIDE NEW YORK CITY 3/ 4.1 4.5 4.0 NON-PRIME 3.7 4.1 3.7 UNDER $200 M I L L I O N PRIME IN N E * YORK CITY 3/ 1/ INCLUDES C E R T I F I C A T E S It TOTAL D E P O S I T S AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31t " IN DENOMINATIONS OF $400,000 OR MORE sFLMiiisi; ssurs'iKti N O T E — S E E TECHNICAL APPENDIX B . ISSUED BY WEEKLY REPORTING BANKS. 1965. TABLE 5A RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES (PER CENT) DATE OF SURVEY TOTAL DEPOSITS 2/ (IN MILLIONS OF DOLLARS) 26 FEB 1969 29 JAN 1969 25 DEC 1968 ALL BANKS ISSUING CD'S 9.2 9.5 -f i O | UNDER 200 7.5 7.2 7.2 00 00 CO 00 9.0 9.3 9.6 9.9 9.4 o o 11.2 PRIME IN NEW YORK 3/ 9.4 10.2 12.3 PRIME OUTSIDE NEW YORK 3/ 8.5 8.8 9.6 11.5 11.8 12.4 200 - 500 500 - 1000 OVER 1000 NONPRIME It 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. NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL D E M A N D AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 58 RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF 26 FEB 1969 (NUMBER OF BANKS) TOTAL DEPOSITS 2/ UN 5% OR LESS MILLIONS OF DOLLARS) 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 89 78 52 26 13 4 9.2 UNDER 200 41 23 14 7 4 1 7.6 200 - 500 32 20 18 6 5 3 8.8 500 - 1000 12 18 11 8 2 0 9.3 4 17 9 5 2 0 9.4 0 5 2 0 0 0 9.4 2 6 3 0 1 0 8.5 2 6 4 5 1 0 11.5 OVER 1000 PRIME IN NEW YORK 3/ PRIME OUTSIDE NEW YORK 3/ NONPRIME 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 OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5C PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I 29 JAN 1969 TO 26 FEB 1969 (NUMBER OF BANKS) DECLINES OF TOTAL DEPOSITS 2/ (IN MILLIONS OF DOLLARS) ,LL 'i*i MORE ZERO 10% LESS ^ ------------------------ ^ N E ^ T L D - CHANGE LESS 10* ^ORE I ® A S E lS5U,NG UNDER 200 1 200 - 500 1 500 - 1000 0 OVER 0 1000 PRIME INCREASES OF REDUCED ------------------------ IN NEW YORK 3/ 14 6 11 7 0 PRIME OUTSIDE NEW YORK 3 / NONPRIME 0 0 1/ INCLUDES CERTIFICATES 8 10 8 16 15 19 0 19 16 6 14 7 16 0 8 11 2 1* 2 3 0 13 11 0 4 2 0 0 4 3 0 0 0 0 0 0 1 6 4 0 0 1 0 0 2 4 7 IN DENOMINATIONS OF $100,000 OR MORE 0 4 1 0 0 ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. " note - sr"«si,Ere sEkrs'KK z l i t i i o ' s . ' s . r s E r ' , H , T DATE TABLE 50 PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I 27 NOV 1968 TO 26 FEB 1969 (NUMBER OF BANKS) TOTAL DEPOSITS /2 (IN MILLIONS OF DOLLARS) REDUCED CD'S 25% TO OR ZERO MORE DECLINES OF 20 TO 25% 15 TO 20% 10 TO 15% INCREASE OF 5 TO 10% 5% OR LESS NO CHANGE 5% OR LESS 5 TO 10% 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE ALL BANKS ISSUING CD'S 4 42 11 25 22 28 27 11 19 21 10 8 7 28 UNDER 200 2 11 3 4 3 5 7 5 7 10 7 6 6 15 1 2 0 0 - 500 1 8 3 9 9 8 11 4 6 7 2 1 1 13 2 500 - 1000 1 11 4 8 5 7 4 2 5 4 0 1 0 0 0 OVER 0 12 1 4 5 8 5 0 1 0 1 0 0 0 0 0 6 0 1 0 0 0 0 0 0 0 0 0 0 0 PRIME OUTSIDE NEW YORK 3/ 0 3 1 0 1 4 2 0 0 0 1 0 0 0 0 NONPRIME 0 3 0 3 4 4 3 0 1 0 0 0 0 0 0 1000 PRIME IN NEW YORK 3/ 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- 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. TABLE 5E CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 29 JAN 1969 TO 26 FEB 1969 (NUMBER OF BANKS) TOTAL DEPOSITS 2/ DECLINES OF (IN MILLIONS OF DOLLARS) 3% AND OVER 2 TO 3% 1 TO 236 INCREASES OF 1 $ ANO LESS NO CHANGE U AND LESS 1 TO 2% 2 TO 3% 3* AND OVER ALL BANKS ISSUING CD'S 0 4 33 105 15 86 13 6 2 UNDER 200 0 0 9 28 7 33 9 4 1 200 - 500 0 1 10 31 6 29 4 2 1 500 - 1000 0 2 a 21 2 18 0 0 0 OVER 0 1 6 24 0 6 0 0 0 0 1 3 3 0 0 0 0 0 PRIME OUTSIDE NEW YORK 3/ 0 0 0 11 0 1 0 0 0 NONPRIME 0 0 3 10 0 5 0 0 0 1000 PRIME IN NEW YORK 3/ 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5F CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 27 NOV 1968 TO 26 FEB 1969 (NUMBER OF BANKS I TOTAL DEPOSITS 2/ (IN MILLIONS OF DOLLARS) ALL BANKS ISSUING CD'S DECLINES OF 5% AND OVER 4 TO 5% 3 TO 4% INCREASES OF 2 TO 3$ 1 TO 2% 1% AND LESS NO CHANGE 1% AND UNDER 1 TO 2* 2 TO 3% 3 TO 4% 4 TO 5% 5% AND OVER 10 12 10 15 36 78 10 53 21 10 3 2 6 UNDER 200 1 2 1 0 5 28 4 23 13 7 2 1 5 200 - 500 1 3 2 8 11 23 4 21 7 2 1 1 1 500 - 1000 3 3 6 3 11 15 2 7 1 1 0 0 0 OVER 5 4 1 4 9 12 0 2 0 0 0 0 0 3 2 1 0 1 0 0 0 0 0 0 0 0 PRIME OUTSIDE NEW YORK 3/ 1 1 0 1 3 5 0 1 0 0 0 0 0 NONPRIME 1 1 0 3 5 7 0 1 0 0 0 0 0 1000 PRIME IN NEW YORK 3/ 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 OF THE RATIO INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE 6A MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 26 FEB 1969 (AMOUNTS IN MILLIONS OF DOLLARS I CD'S MATURING IN ALL DISTRICTS BOSTON 530.2 28.2 MAR 4674.3 APR ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 84.1 8.6 3.9 13.6 38.3 93.6 141.2 595.3 90.6 65.2 105.8 387.4 787.2 97.8 72.5 414.8 82.2 54.6 74.3 255.2 669.6 140.7 54.5 68.4 454.5 42.6 33.3 63.7 108. 1 397.9 90.7 163.5 52.7 63.7 331.5 46.4 36.7 50.9 133.6 415.8 607.3 57.1 217.7 44.7 85.1 299.9 35.7 34.4 85.1 280.8 457.0 60.9 404.7 26.7 132.6 23.7 43.0 203.0 28.8 20.1 55.7 108.6 239.2 612.0 31.1 175.3 19.8 60.2 25.7 20.2 103.4 17.8 13.1 17.0 33.5 94.9 OCT 511.7 36.4 116.4 10.2 44.7 16.2 9.3 53.8 7.0 3.9 25.7 22.0 166.1 NOV 260.4 15.5 65.5 4.4 22.8 7.6 7.5 60.1 4.0 1.4 4.3 14.3 53.0 DEC 418.5 53.9 124.6 10.3 32.9 11. 1 20.4 46.9 4.7 3.7 8.1 42.9 59.0 1970 JAN 404.1 14.7 110.2 18.2 42.6 5.1 16.7 40.5 6.8 3.6 6.2 46.4 93.1 FEB 220.7 7.4 52.0 8.4 25.2 9.6 11.3 30.6 4.2 1.6 2.0 12.4 56.0 MAR OR LATER 475.1 16.4 71.3 13.4 193.2 7.6 9.5 62.7 9.1 0.0 0.6 31.1 60.2 19971.2 1172.3 6448.1 598.6 1542.3 508.2 586.4 2781.1 388.5 275.5 513.0 1514.6 3642.6 A V E R A G E MATURITY IN MONTHS 2/ 3.4 3.2 3.0 3.2 4.9 3.1 3.6 3.4 3.2 3.0 3.3 3.4 3.4 NUMBER OF REPORTING BANKS 262 18 49 10 16 15 23 36 11 5 21 24 34 NEW YORK PHILADELPHIA CLEVELAND 180.4 12.5 30.0 19.4 17.6 290.9 1698.7 163.8 215.7 132.5 3344.8 209.0 1095.6 98.7 220.5 MAY 2279.1 131.8 719.2 64.4 JUN 2585.5 173.1 1026.9 JUL 2307.8 103.0 AUG 1347.0 SEP 1969 FEB 26-FEB 28 TOTAL * 1/ INCLUDES ONLY CERTIFICATES CHICAGO ISSUED IN DENOMINATIONS OF $100,000 OR MURE BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX B. * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. RICHMOND ATLANTA TABLE 68 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 26 FEB 1969 (AMOUNTS CD'S MATURING IN ALL DISTRICTS BOSTON 1969 MAR 929.8 69.4 APR 367.8 MAY IN MILLIONS OF DOLLARS! ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 89.4 11.4 5.3 18.9 111.8 171.1 5.0 58.5 7.5 1.7 11.4 21.6 82.4 21.2 23.9 128.1 14.7 7.6 38.2 31.4 133.8 6.7 4.5 0.4 19.5 1.2 0.8 1.9 2.1 27.5 3.0 8.6 5.6 7.3 26.9 0.7 0.7 3.9 18.6 59.7 225.8 17.4 47.4 17.9 18.6 135.8 23.9 12.9 35.7 85.1 162.3 1.1 19.7 4.3 4.2 0.7 1.7 5.0 7.7 7.1 8.3 5.0 7.8 33.0 7.7 9.0 1.0 2.4 1.1 0.0 2.9 0.8 0.2 0.2 2.0 5.7 NOV 24.0 3.4 5.6 0.3 2.5 0. 1 0.2 3.8 1.1 0.0 0.9 1.3 4.8 DEC 25.6 1.9 9.5 0.0 3.3 0.4 2.4 0.8 0.4 0.0 0.0 4.3 2.6 1970 JAN 56.0 1.0 23.7 3.9 4.8 0.3 2.9 3.2 0.3 0.3 0.7 2.1 12.8 204.8 6.8 40.0 5.1 22.8 9.6 11.3 34.7 7.3 1.6 2.1 9.7 53.8 3 534.6 228.1 1019.0 102.8 217.7 85.9 115.8 508.6 77.0 38.2 122.2 295.0 724.3 3.6 2.9 3.3 3.6 4.2 4.0 3.7 3.8 4.6 4.5 3.6 3.3 3.8 NEW YORK PHILADELPHIA CLEVELAND 328.2 26.8 40.1 15.3 42.1 31.0 110.0 8.2 21. 3 9.2 707.8 55.4 179.2 20.7 53.6 JUN 129.1 11.6 40.8 12.1 JUL 170.2 7.7 27.5 AUG 813.9 31.1 SEP 72.6 OCT FEB OR LATER TOTAL * AVERAGE MATURITY IN MONTHS 3/ RICHMOND ATLANTA CHICAGO 1/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES ONLY C E R T I F I C A T E S 3/ SEE TECHNICAL APPENDIX ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. B. * DETAILS MAY NOT A D D TO TOTALS DUE TO ROUNDING. TABLE 6C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT 1/ AS OF 26 FEB 1969 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON 2.7 2.4 MAR 23.4 APR ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 3.0 2.2 1.4 2.7 2.5 2.6 24.1 21.4 23.3 23.7 20.6 25.6 21.6 19.2 12.4 14.9 21.2 19.8 14.5 16.8 18.4 9.1 10.7 11.7 16.3 11.0 12.1 12.4 7.1 10.9 15.2 10.6 10.4 10.9 11.9 11.9 13.3 9.9 8.8 11.4 9.4 9.5 14.1 8.8 14.5 10.8 9.2 12.5 16.6 18.5 12.5 5.2 6.3 4.5 8.6 4.7 7.3 7.3 7.4 7.3 10.9 7.2 6.6 3.1 2.7 2.7 3.3 3.9 5.1 3.4 3.7 4.6 4.8 3.3 2.2 2.6 OCT 2.6 3.1 1.8 1.7 2.9 3.2 1.6 1.9 1.8 1.4 5.0 1.5 4.6 NOV 1.3 1.3 1.0 0.7 1.5 1.5 1.3 2.2 1.0 0.5 0.8 0.9 1.5 DEC 2. 1 4.6 1.9 1.7 2. 1 2.2 3.5 1.7 1.2 1.3 1.6 2.8 1.6 1970 JAN 2.0 1.3 1.7 3.0 2.8 1.0 2.8 1.5 1.8 1.3 1.2 3.1 2.6 FEB 1.1 0.6 0.8 1.4 1.6 1.9 1.9 1.1 1.1 0.6 0.4 0.8 1.5 MAR OR LATER 2.4 1.4 1.1 2.2 12.5 1.5 1.6 2.3 2.3 0.0 0.1 2.1 1.7 100.0 , 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 2.8 2.1 1.9 3.8 3.0 24.8 26.3 27.4 14.0 26.1 16.7 17.8 17.0 16.5 14.3 MAY 11.4 11.2 11.2 10.8 JUN 12.9 14.8 15.9 JUL 11.6 8.8 AUG 6.7 SEP 1969 FEB 26--FEB 28 TOTAL * 100.0 1/ INCLUDES ONLY CERTIFICATES NEW YORK RICHMOND ATLANTA CHICAGO ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. TABLE 6D MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 26 FEB 1969 (CUMULATIVE PERCENTAGE) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 3.0 2.2 1.4 2.7 2.5 2.6 27.1 24.4 25.5 25.1 23.3 28.1 24.2 49. 1 39.5 39.3 46.7 44.9 37.8 44.9 42.6 39.3 59.8 51.2 55.6 57.7 57.0 50.2 52.0 53.5 72.0 49.9 70.2 62.1 67.5 69.6 70.3 60.1 60.8 64.9 82.6 81.5 64.0 79.0 76.6 78.3 78.8 82.8 76.7 79.3 77.4 85.0 88.9 86.0 72.6 83. 7 83,9 85.6 86.2 90.1 87.6 86.5 84.0 88.5 87.7 91.6 89.3 76.5 88.8 87.3 89.3 90.8 94.9 90.9 88.7 86.6 OCT 91.1 90.8 93.4 91.0 79.4 92.0 88.9 91.2 92.6 96.3 95.9 90.2 91.2 NOV 92.4 92.1 94.4 91.7 80.9 93.5 90.2 93.4 93.6 96.8 96.7 91.1 92.7 DEC 94.5 96.7 96.3 93.4 83.0 95.7 93.7 95.1 94.8 98.1 98.3 93.9 94.3 1970 JAN 96.5 98.0 98.0 96.4 85.8 96.7 96.5 96.6 96.6 99.4 99.5 97.0 96.9 FEB 97.6 98.6 98.8 97.8 87.4 98.6 98.4 97.7 97.7 100.0 99.9 97.8 98.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 ALL DISTRICTS BOSTON 2.7 2.4 MAR 26.1 APR CD' S MATURING IN RICHATLANTA MOND PHILADELPHIA CLEVELAND 2.8 2.1 1.9 3.8 3.0 27.2 29.1 29.5 15.9 29.9 42.8 45.0 46. 1 46.0 30.2 MAY 54.2 56.2 57.3 56.8 JUN 67.1 71.0 73.2 JUL 78.7 79.8 AUG 85.4 SEP 1969 FEB 26-FEB 28 MAR OR LATER 1/ INCLUDES ONLY CERTIFICATES NEW YORK CHICAGO ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. TABLE 6E 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 26 FEB 1969 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON 1969 MAR 26.3 30.4 32.2 26. 1 18.4 17.8 36.4 APR 10.4 13.6 10.8 8.0 9.8 10.7 MAY 20.0 24.3 17.6 20.1 24.6 JUN 3.7 5.1 4.0 11.8 JUL 4.8 3.4 2.7 AUG 23.0 13.6 SEP 2.1 OCT ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 17.6 14.8 13.9 15.5 37.9 23.6 4.3 11.5 9.7 4.5 9.3 7.3 11.4 24.7 20.6 25.2 19.1 19.9 31.3 10.6 18.5 3.1 5.2 0.3 3.8 1.6 2.1 1.6 0.7 3.8 2.9 4.0 6.5 6.3 5.3 0.9 1.8 3.2 6.3 8.2 22.2 16.9 21.8 20.8 16.1 26.7 31.0 33.8 29.2 28.8 22.4 0.5 1.9 4.2 1.9 0.8 1.5 1.0 10.0 18.6 6.8 1.7 1.1 0.9 3.4 0.9 1.0 1.1 1.3 0.0 0.6 1.0 0.5 0.2 0.7 0.8 NOV 0.7 1.5 0.5 0.3 1.1 0.1 0.2 0.7 1.4 0.0 0.7 0.4 0.7 DEC 0.7 0.8 0.9 0.0 1.5 0.5 2.1 0.2 0.5 0.0 0.0 1.5 0.4 1970 JAN 1.6 0.4 2.3 3.8 2.2 0.3 2.5 0.6 0.4 0.8 0.6 0.7 1.8 5.8 3.0 3.9 5.0 10.5 11.2 9.8 6.8 9.5 4.2 1.7 3.3 7.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 FEB OR LATER TOTAL * NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO 1/ SEE TECHNICAL 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 M A T U R E D . * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. 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 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 and the 6nd 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