The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
February 28, 1974
L.4.1
CONFIDENTIAL (FR)
of
K A t
SURV.'Y OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
as of
January 30, 1974
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
TABLE
1
1/
MATURITY
DISTRIBUTION
OF O U T S T A N D I N G
WEEKLY
NEGOTIABLE
REPORTING
AS OF
CD'S
MATURING
1974
JANUARY
AMOUNT
( M I L L I O N S OF
DOLLARS)
IN
31
30 J A N
TIME CERTIFICATES
OF
DEPOSIT
AT
BANKS
1974
PERCENTAGE
DISTRIBUTION
CUMULATIVE
PERCENTAGE
SALES SINCE
PREVIOUS MONTH 2/
( M I L L I O N S OF D O L L A R S )
2,475.9
3.7
3.7
.0
FEBRUARY
24,888.6
37.2
40.9
13*272.3
MARCH
18,241.8
27.2
68.1
9,909.5
APRIL
9,754.5
14.6
82.7
5,805.9
MAY
2,973.2
4.4
87.1
1,295.0
JUNE
2,335.3
3.5
90.6
409.3
JULY
1,920.7
2.9
93.5
882.0
AUGUST
1,019.1
1.5
95.0
119.9
SEPTEMBER
580.0
.9
95.9
52.7
OCTOBER
474.9
.7
96.6
141.2
NOVEMBER
236.6
.4
97.0
71.7
DECEMBER
422.3
.6
97.6
123.1
363.2
.5
98.1
3 8 2 . 2 3/
1,258.7
1.9
100.0
XXX
66,944.8
100.0
XXX
32,464.8
1975 J A N U A R Y
OVER
12 M O N T H S
TOTAL
(MEMORANDUM!
MARCH
MARCH
APRIL
11
15
15
1,199.7
2,249.4
1,013.8
1/
INCLUDES ONLY
CERTIFICATES
2/
SEE
APPENDIX
TECHNICAL
IN D E N O M I N A T I O N S OF
A.
3/
S A L E S OF C D ' S M A T U R I N G A F T E R 11 M O N T H S .
TAX
AND DIVIDEND
MATURITIES)
$100,000
OR
546.9
1,065.0
503.2
XXX
XXX
XXX
1.8
3.4
1.5
MORE
I S S U E D BY
WEFKLY
REPORTING
BANKS.
TABLE
2A
1/
MATURITY
D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S
NEW YORK CITY, C H I C A G O . AND ALL OTHER WEEKLY R E P O R T I N G
AS
OF
30
JAN
(IN M I L L I O N S
OF
DOLLARS)
CHICAGO
cDis maturing in
1975
JAN
=
31
AT
1974
NEW'YORK'CITY
1974
OF D E P O S I T
BANKS
ALL
r
OTHER
WEEKLY
AM0UNT
:s$;
REPORTING
«E!{OS
:s?s */
651.6
.0
496.6
.0
1.325.5
.0
FEBRUARY
8,227.2
4,272.9
2,225.0
986.6
14,436.4
8,012.9
MARCH
6,026.5
2,850.8
1.669.6
1.134.9
10.545.7
5.923.7
APRIL
3.148.6
1,805.6
1.446.4
1,046.3
5,159.5
2.953.9
MAY
1,051.9
460.3
228.6
201.5
1,692.6
633.1
JUNE
929.6
130.3
101.6
14.3
1,304.1
264.7
JULY
621.3
285.1
83.6
38.7
1.215.8
558.2
AUGUST
281.8
9.2
63.4
27.8
653.9
82.8
SEPTEMBER
108.1
8.3
23.0
.1
448.9
44.3
OCTOBER
40.4
8.8
48.8
30.6
385.7
101.8
NOVEMBER
29.5
4.3
15.5
.1
1 9 1 , 5
DECEMBER
114.6
2.6
23.0
.2
284.7
120.8
JANUARY
19.9
32.7
22.4
21.7
320.8
327.7
OVER
90.5
XXX
59.2
XXX
1.109.0
XXX
21.341.5
9,870.9
6,528.9
3.502.4
12 M O N T H S
TOTAL
NUMBER
OF
*
REPORTING
BANKS
/3
12
_
H
(MEMORANDUM!
_
_
•
1/
INCLUDES
2/
SEE
3/
SALES
ONLY
TECHNICAL
OF
CD'S
CERTIFICATES
—
—
IN
DENOMINATION
APPENDIX
A.
MATURING
AFTER
11
MONTHS.
• T O T A L S M A Y NOT ADD DUE TO R O U N D I N G .
TAX
AND
$100,000
OR
MORE
MATURITIES)
ISSUED
6 ?
" F
DIVIDEND
—
OF
/3
BY
WEEKLY
REPORTING
BANKS.
g
BANKS
'
3
/3
TABLE
MATURITY
DISTRIBUTION
NEW
YORK
OF
OUTSTANDING NEGOTIABLE
CITY,
C H I C A G O . AND ALL
AS OF
30 J A N
197*
(PERCENTAGE
NEW
CD'S
MATURING
WEEKLY
AND 26 DEC
REPORTING
OF
1/
DEPOSIT
2/
JAN
AT
BANKS
1974
DISTRIBUTION)
CITY
CHICAGO
ALL
26 DEC
30 J A N
26
DEC
OTHER
30 J A N
26 DEC
8.6
7.6
6.8
3.4
9.0
38.6
38.4
34.1
54.7
36.9
41.4
02 M O N T H S
28.2
19.4
25.6
18.9
27.0
17.1
03 M O N T H S
14.8
15.5
22.2
8.1
13.2
12.3
04 M O N T H S
4.9
6.6
3.5
6.1
4.3
5.9
05 M O N T H S
4.4
2.9
1.6
.4
3.3
2.8
06 M O N T H S
2.9
3.9
1.3
1.3
3.1
2.8
07 M O N T H S
1.3
1.6
1.3
.7
1.7
1.8
08 M O N T H S
.5
1.3
.4
.8
1.1
1.5
09 M O N T H S
.2
.5
.7
.3
1.0
1.1
10 M O N T H S
.1
.2
.2
.3
.5
.8
MONTHS
.5
.1
.4
.2
.7
.3
12 M O N T H S
.1
.5
.3
.4
.8
.4
.4
.4
.9
.9
2.8
2.9
100.0
100.0
100.0
100.0
100.0
100.0
MONTHS
11
OVER
3/
:
12 M O N T H S
TOTAL
*
INCLUDES ONLY
BANKS.
CERTIFICATES
IN D E N O M I N A T I O N S OF
$100,000
2 / N U M B E R OF
FOLLOWING
D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S P E R I O D
T H E L A S T W E D N E S D A Y OF THE M O N T H .
3/ NUMBER
MONTHS FOLLOWING
*
CERTIFICATES
3.1
01
1/
YORK
OTHER
TIME
IN
30
0-6 D
i AYS
28
TOTALS
OF
MAY
NOT
ADD DUE
TO
THE
SURVEY MONTH.
ROUNDING.
OR
MORE
I S S U E D BY
VARIES WITH
WEEKLY
THE NUMBER
OF
REPORTING
DAYS
TABLE
2C
1/
YORK
OUTSTANDING
CITY,
CHICAGO,
AS
OF
30
NEGOTIABLE
AND
JAN
ALL
1974
(CUMULATIVE
NEW
26
BANKS
1974
CHICAGO
30
DEC
JAN
26
DEC
2/
DEC
3.1
8.6
7.6
6.8
3.4
9.0
41.7
47.0
41.7
61.5
40.3
50.4
MONTHS
02
MONTHS
69.9
66.4
67.3
80.4
67.3
67.5
03
MONTHS
84.7
81.9
89.5
88.5
80.5
79.8
04
MONTHS
89.6
88.5
93.0
94.6
84.8
85.7
05
MONTHS
94.0
91.4
94.6
95.0
88.1
88.5
06
MONTHS
96.9
95.3
95.9
96.3
91.2
91.3
07
MONTHS
98.2
96.9
97.2
97#0
92.9
93.1
08
MONTHS
98.7
98.2
97.6
97.8
94.0
94.6
09
MONTHS
98.9
98.7
98.3
98.1
95.0
95.7
10
MONTHS
99.0
98.9
98.5
98.4
95.5
96.5
11
MONTHS
99.5
99.0
98.9
98.6
96.2
96.8
12
MONTHS
99.6
99.5
99.2
99.0
97.0
97.2
100,0
100.0
100.0
100.0
100.0
100.0
OF
OR
12
3/
26
01
OVER
1/
DAYS
OTHER
Z
26
JAN
I
I
L
I
I
I
1
1
I
I
I
30
0-6
AT
DISTRIBUTION)
CITY
YORK
IN
DEC
REPORTING
DEPOSIT
!
MATURING
AND
WEEKLY
OF
I
I
I
I
I
I
CD'S
OTHER
TIME- C E R T I F I C A T E S
1 R 1
NEW
OF
W 1
1
O 1
1
I
I
<_ I
I
> 1 J» 1
DISTRIBUTION
I
I
I
I
I
I
MATURITY
MONTHS
INCLUDES
ONLY
CERTIFICATES
IN
DENOMINATIONS
$100,000
MORE
ISSUED
BY
WEEKLY
REPORTING
BANKS.
2/
3/
NUMBER
OF
DAYS
REMAINING
FOLLOWING
THE
NUMBER
MONTHS
OF
LAST
IN
SURVEY
WEDNESDAY
FOLLOWING
OF
THE
THE
MONTH.
THIS
MONTH.
SURVEY
MONTH.
PERIOD
VARIES
WITH
THE
NUMBER
OF
DAYS
TABLE
MATURITY
3A
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
AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E OF B A N K S 2 /
AS OF 30 J A N 1974
( A M O U N T S IN M I L L I O N S O F D O L L A R S )
OF
DEPOSIT
SI
MATURING
1975
TOTAL
$200
MILLION
AND UNDER
$200
$500
$500
MILLION
TO
MILLION
$1
AND
PRIME
MILLION
TO
BILLION
TOTAL
OVER
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
92.3
333.6
297.6
1,752,4
637.7
844.0
270,7
FEBRUARY
24,888.6
1,452.9
3,269.4
3,859.8
16,306,5
7,826.8
5,662.9
2,816.8
MARCH
18,241.7
919.3
2,374.9
3,036.1
11,911.4
5,570.3
4,337.3
2,003.8
APRIL
9,754.S
479.3
1,253.7
1,35?.5
6,664.0
3,066.1
2,745.7
852.2
MAY
2,973.2
157.0
382.5
495.7
1,938.0
1,024.9
666.1
247.0
JUNE
2,335.2
132.9
257.3
271,3
1,673.7
917.9
568.0
187.8
JULY
1,920.8
117.5
256.2
315.7
1,231.4
617.5
436.0
177.9
AUGUST
1,019.1
54.1
88.2
83.1
793.7
273.4
437.2
83.1
SEPTEMBER
580.0
48.6
77.5
69,7
384.2
91.3
253.9
39.0
OCTOBER
475.0
55.6
102.7
286.3
35.1
183.2
68,0
NOVEMBER
236.5
25.5
44.6
49.7
116.7
25.9
51.7
39,1
DECEMBER
422.2
36.8
51.3
87,8
246.3
112.0
59.4
74,9
JANUARY
363.0
33.1
51.4
62.1
216,4
7.4
121.3
87.7
1,258.7
125.9
123.5
311.1
698,2
56.3
479.7
162.2
66,944.4
3,705.6
8,619.7
10,399.9
44,219.2
20,262.6
16,846.4
7,110.2
31
FEBRUARY
OR L A T E R
TOTAL
«
*
2.475.9
JAN
©
1974
IN
BILLION
w
CD'S
1/
TAX
IA N D
DIVIDEND
MATURITIES)
U
1,199.6
46.3
176.1
228.2
749,0
361.0
272.1
115.9
MARCH
15
2,249.3
76.0
169.9
300.6
1,702.8
581.7
839,0
282.1
APRIL
15
1,013.7
40.1
103.3
99.6
770.7
420.1
265,7
84.9
12
18
NUMBER
(MEMORANDUMT
261
1/
2/
3/
88
85
OF
BANKS)
51
i
i
i
i
i
i
i
•
i
i
i
V
i
i
i
i
•
i
i
i
i
i
i
i
i
i
i
MARCH
37
I N C L U D E S 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 O F $ 1 0 0 , 0 0 0 O R M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S .
T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 . 1 9 6 5 .
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 A S B E I N G O F T H E H I G H E S T
FRASER
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 B A S I S P O I N T S OF E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .
Digitized for
http://fraser.stlouisfed.org/
*
T O T A L S M A Y NOT ADD DUE TO R O U N D I N G .
Federal Reserve Bank of St. Louis
7
QUALITY
AND
WHICH
ARE
TABLE
38
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
AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E QF B A N K S 3/
A S OF 30 J A N 197*
( A M O U N T S IN M I L L I O N S O F D O L L A R S )
MONTH
$1
CD'S
MATURING
1974
JAN
IN
$200
MILLION
AND UNDER
$200
$500
MILLION
TO
MILLION
$500
$1
BILLION
AND
PRIME
MILLION
TO
BILLION
OVER
4/
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
TOTAL
31
13.272.3
841.5
1,851.0
2,033.2
8,546.6
4,106.0
2,937.7
1,502.9
MARCH
9,909.4
540.9
1,432.3
1,802.4
6,133.8
2,615.0
2,374.7
1,144.1
APRIL
5.805.9
312.8
804.4
810.4
3.878.3
1,751.7
1,633.1
493.5
MAY
1.295.0
51.9
116.7
175.2
951.2
450.5
387.7
113.0
JUNE
409,?
33.0
72.5
56.5
247.2
123.6
74.9
48,7
JULY
882.0
59,5
120.9
219.6
482.0
283.7
112.9
85.4
AUGUST
119.9
2.3
6.1
6.0
105.5
9.2
66.6
29.7
52.6
6.9
12.2
12.9
20.6
8.3
6.0
6.3
141.4
3.0
11.7
13.6
113.1
3.8
53.8
55,5
NOVEMBER
71.7
2.7
8.2
18.0
42.8
1.3
11.6
29,9
DECEMBER
123.1
15.2
19.6
38.4
49.9
2.6
9.0
38,3
JANUARY
OR L A T E R
382.6
38.4
43.5
74.4
225.7
20.2
110.0
95,5
32.464.5
1,908.1
4,499.1
5,260.6
20,796.7
9,375.9
7,778.0
3,642.8
FEBRUARY
SEPTEMBER
OCTOBER
1975
TOTAL
2/
TOTAL
*
TAX
AND
DIVIDEND
MATURITIES)
MARCH
14
546.8
31,5
98.2
H9,9
297.2
122.4
111.4
63.4
MARCH
15
1,065.1
51.7
97.0
145.6
770.8
285.0
368.0
117.8
APRIL
15
503.1
28.5
58.5
56.7
359.4
194.3
112.6
52.5
51
37
12
18
(MEMORANDUM!
241
1/
2/
3/
4/
88
85
SEE T E C H N I C A L APPENDIX A.
I N C L U D E S 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 M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S .
T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 * 1 9 * 5 ,
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 ARE 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
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 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .
FRASER
•
T O T A L S M A Y NOT ADD DUE TO R O U N D I N G .
Digitized for
QUALITY
AND
WHICH
ARE
TABLE
MATURITY
3C
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
AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2/
A S O F 3 0 J A N 1974
PERCENTAGE DISTRIBUTION
OF
DEPOSIT
$1
$200
CD'S
MATURING
1974
TOTAL
IN
MILLION
AND UNDER
$200
MILLION
TO
MILLION
$500
$500
MILLION
1V
BILLION
1/
BILLION
AND
PRIME
TOTAL
NEW YORK
CITY
OVER
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
3.7
2.5
3.9
2.9
4.0
3.1
5.0
3.8
FEBRUARY
37.2
39.2
37.9
37.1
36.9
38.6
33.6
39.6
MARCH
27.2
24.8
27.6
29.2
26.9
27.5
25.7
28.2
APRIL
14.6
12.9
14.5
13.1
15.1
15.1
16.3
12.0
MAY
4.4
4.2
4.4
4.8
4.4
5.1
4.0
3.5
JUNE
3.5
3.6
3.0
2.6
3.8
4.5
3.4
2.6
JULY
2.9
3.2
3.0
3.0
2.8
3.0
2.6
2.5
AUGUST
1.5
1.5
1.0
0.8
1.8
1.3
2.6
1.2
SEPTEMBER
0.9
1.3
0.9
0.7
0.9
0.5
1.5
0.5
OCTOBER
0.7
0.8
0.6
1.0
0.6
0.2
1.1
1.0
NOVEMBER
0.4
0.7
0.5
0.5
0.3
0.1
0.3
0.5
DECEMBER
0.6
1.0
0.6
0.8
0.6
0.6
0.4
1.1
JANUARY
0.5
0.9
0.6
0,6
0.5
0.0
0.7
1.2
FEBRUARY
OR L A T E R
1.9
3.4
1.4
3.0
1.6
0.3
2.8
2.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
JAN
1975
31
TOTAL
*
(MEMORANDUM!
TAX AND DIVIDEND MATURITIES)
MARCH
1.1
1.8
1.2
2.0
2.2
1.7
1.8
1.6
1.6
MARCH
15
3.4
2.1
2.0
2.9
3.9
2.9
5.0
4.0
APRIL
15
1.5
1.1
1.2
1.0
1.7
2.1
1.6
1.2
1/
2/
3/
I N C L U D E S 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 O F $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .
T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 . 1 9 6 5 .
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 A S B E I N G O F T H E H I G H E S T
R E P O R T E D B Y D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R 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
ADD
DUE
TO
ROUNDING.
;
QUALITY
AND
uuiru
WHICH
ARE
TABLE 3D
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 30 JAN *97*
CUMULATIVE
PERCENTAGE
$1 BILLION AND OVER
CD'S
MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200
$500
MILLION
TO
MILLION
$500
$1
MILLION
TO
BILLION
PRIME
TOTAL
NEW YORK
CITY
1974
1975
JAN
31
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
3.7
2.5
3.9
2.9
4.0
3.1
5.0
3,8
FEBRUARY
40.9
41.7
41.8
40.0
40.9
41.7
38.6
43.4
MARCH
6 8 SI
66.5
69.4
69.2
67.8
69.2
64.3
71.6
APRIL
82,7
79.4
83.9
82.3
82.9
84.3
80.6
83,6
MAY
67.1
83.6
88.3
87.1
87.3
89.4
84.6
87,1
JUNE
90.6
87.2
91.3
89.7
91.1
93.9
88.0
89,7
JULY
93.5
90.4
94.3
92.7
93.9
96.9
90.6
92,2
AUGUST
95.0
91.9
95.3
93.5
95.7
98.2
93.2
93.4
SEPTEMBER
95.9
93.2
96.2
94.2
96.6
98.7
94.7
93,9
OCTOBER
96.6
94.0
96.8
95.2
97.2
98.9
95.8
94,9
NOVEMBER
97,0
94.7
97.3
95.7
97.5
99.0
96.1
95,4
DECEMBER
97.6
95.7
97.9
96.5
98.1
99.6
96.5
96,5
JANUARY
98.1
96.6
98.5
97.1
98.6
99,6
97.2
97,7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100,0
FEBRUARY
OR L A T E R
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 QF pEPOSIT ARE REGARDED AS E?EING 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,
SALES
TABLE 3E
/!/' O F
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS
AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 3 /
AS OF 3 0 J A N 1 9 7 4
PERCENTAGE DISTRIBUTION
MONTH
$1
CD'S
MATURING
1974
JAN
1975
IN
TOTAL
$200
MILLION
AND UNDER
$200
$500
$500
MILLION
TO
MILLION
$1
MILLION
TO
BILLION
2/
BILLION
AND
PRIME
TOTAL
OVER
4/
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
31
FEBRUARY
40.9
44.1
41.1
38.6
41.1
43.8
37.8
41.3
MARCH
30.5
28.3
31.8
34.3
29.5
27.9
30.5
31.4
APRIL
17.9
16.4
17.9
15.4
18.6
18.7
21.0
13.5
MAY
4,0
2.7
2.6
3.3
4.6
4.8
5.0
3,1
JUNE
1.3
1.7
1.6
1.1
1.2
1.3
1.0
1.3
JULY
2.7
3.1
2.7
4.2
2.3
3.0
1.5
2.3
AUGUST
0.4
0.1
0 .1
0.5
0.1
0.9
0,8
SEPTEMBER
0.2
0.4
0.3
0.2
0.1
0.1
0.1
0.2
OCTOBER
0.4
0.2
0.3
0.3
0.5
0.0
0.7
1.5
NOVEMBER
0.2
0.1
0.2
0.3
0.2
0.0
0.1
0.8
DECEMBER
0.4
0.8
0.4
0.7
0.2
0.0
0.1
1.1
JANUARY
OR L A T E R
1.2
2.0
1.0
1.4
1.1
0.2
1.4
2,6
100.0
100.0
1 llTkiAM Anm Ikl •
100.0
100.0
100.0
100.0
100.0
TOTAL
*
100.0
T iA NWD
DIVIDEND
MATURITIES)
MARCH
11
1.7
1.7
2.2
2.3
1.4
1.3
1.4
1.7
MARCH
15
3.3
2.7
2.2
2.8
3.7
3.0
4.7
3.2
APRIL
15
1,5
H.5
1.3
1.1
1.7
2,1
1.4
1.4
NUnOCn Ur DAWV9'
(MEMORANDUMT
26!
1/
2/
3/
4/
88
85
51
37
SEE T E C H N I C A L APPENDIX A.
. ... „
I N C L U D E S 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 O F $ 1 0 0 , 0 0 0 O R M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S .
T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 . 1 9 6 5 .
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 ARE 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
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 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .
*
T O T A L S MAY NOT ADD DUE TO R O U N D I N G .
7
QUALITY
18
12
.>•> U U T „ U
AND WHICH
ARE
TABLE
AVERAGE
46
MATURITY
OF
OUTSTANDING
NEGOTIABLE
AT
AT
TIME
WEEKLY
CERTIFICATES
REPORTING
VARIOUS
(IN
SURVEY
DATES
MONTHS)
JAN
1974
26
(BY
REPORTING
ISSUING
SURVEY
DEC
1973
28
NOV
1973
LOCATION)
BANKS
2.1
2.1
1.6
2.0
1.9
CHICAGO
1.8
1.6
1.6
OTHER
2.3
2.3
2.3
YORK
CD'S
CITY
(BY
UNDER
$200
$200-S500
MILLION
MILLION
$500-$1.000
OVER
$1
MILLION
BILLION
PRIME
IN
NEW
PRIME
OUTSIDE
YORK
CITY
3/
NEW
YORK
CITY
3/
NON-PRIMF
1/
INCLUDES
2/
TOTAL
DEPOSITS
3/
PRIME
WHICH
BANKS ARE THOSE
ARE R E P O R T E D BY
OF
2.1
NEW
CERTIFICATES
AS
1/
CLASSIFICATION
30
ALL
DEPOSIT
BANKS
DATE
BANK
OF
IN
DENOMINATIONS
REPORTED
IN
THE
CALL
WHOSE NEGOTIABLE
DEALERS TO T R A D E
OF
$100,000
REPORT
OF
OR
SIZE
OF
BANK)
2/
2.4
2.3
2.5
2.0
2.0
2.1
2.2
2.1
2.1
2.0
2.1
2.1
1.8
2.0
1.9
2.3
2.3
2.4
2.1
2.0
2.1
MORE
CONDITION
ISSUED
ON
BY
WEEKLY
DECEMBER
31.
REPORTING
BANKS.
1965.
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 O F T H E H I G H E S T Q U A L I T Y A N D
W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .
TABLE
AVERAGE
48
MATURITY
OF
NEGOTIABLE
SOLD
TIME
BY
DURING
CERTIFICATES
WEEKLY
THE
MONTH
(IN
OF
REPORTING
OF
BANKS
VARIOUS
SURVEYS
DATE
JAN
1974
26
(BY
REPORTING
SURVEY
*«»w—w—•
DEC
1973
26
NOV
1973
LOCATION)
BANKS
CD'S
1.8
1.9
1.7
1.6
2.1
1.7
CHICAGO
1.9
1.6
1.6
OTHER
1.8
1.8
1.6
ISSUING
NEW
YORK
CITY
(BY
UNDER
$200
$200-S500
MILLION
MILLION
S500-S1.000
OVER
$1
MILLION
BILLION
PRIME
IN
NEW
PRIME
OUTSIDE
YORK
CITY
3/
NEW
YORK
CITY
3/
NON-PRIME
1/
INCLUDES
CERTIFICATES
?/
TOTAL
DEPOSITS
3/
PRIME
WHICH
BANKS ARE THOSE
ARE R E P O R T E D BY
AS
OF
«• ««»«•••
30
1/
MONTHS)
BaNK CLASSIFICATiON
ALL
DEPOSIT
IN
DENOMINATIONS
REPORTED
IN
THE
CALL
WHOSE NEGOTIABLE
DEALERS TO TRADE
N O T E — S E E TECHNICAL APPENDIX B.
OF
$100,000
REPORT
OF
OR
SIZE
OF
BANK)
2/
1.8
1.7
1.7
1.7
1.8
1.8
1.8
1,7
1.6
1.7
1.9
1.7
1.6
2.1
1.7
1.8
1.7
1.5
2.0
1.9
1.7
MORE
CONDITION
ISSUED
ON
BY
WEEKLY
DECEMBER
31,
REPORTING
BANKS.
1965.
CERTIFICATES OF DEPOSIT ARE R E G A R D E D AS BEING OF THE HIGHEST Q U A L I T Y AND
W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .
TABLE
RATIO
OF
OUTSTANDING
NEGOTIABLE
TO
AT
TIME
TOTAL
VARIOUS
(PER
5A
CERTIFICATES
TOTAL DEPOSITS 2/
M I L L I O N S OF D O L L A R S )
ALL
BANKS
CD'S
30
JAN
SURVEY
DATES
CENT)
ISSUING
TOTAL
NOTE-
DEC
SURVEY
28
1973
NOV
1973
19.8
200
14.4
13.4
12.8
200
- 500
18.1
16.7
17.4
500
-
18.0
17.3
18.0
22.3
21.9
21.9
26.4
27.5
26.7
20.0
19.3
19.7
19.0
17.2
17.1
1000
1000
PRIME
IN
NEW
PRIME
OUTSIDE
YORK
NEW
3/
YORK
3/
NONPRIMF
2/
26
1974
OF
19.6
OVER
INCLUDES
1/
20.3
UNDER
1/
DEPOSIT
DEPOSITS
DATE
(IN
OF
CERTIFICATES
DEPOSITS
DEPOSITS
INTERBANK
IN
AS
DENOMINATIONS
REPORTED
THE
AND
IN
IN
DENOMINATOR
U.S.
THE
OF
GOVERNMENT
CALL
THE
OF
$100,000
REPORT
RATIO
IN
OF
OR
MORE
CONDITION
THIS
TABLE
ISSUED
ON
ARE
BY
WEEKLY
DECEMBER
TOTAL
31,
DEMAND
REPORTING
BANKS.
1965.
AND
TIME
DEPOSITS,
INCLUDING
DEPOSITS.
z
TABLE
RATIO
OF
OUTSTANDING
NEGOTIABLE
(IN
ALL
DEPOSITS
MILLIONS
BANKS
CD'S
OF
2/
5*
OR
LESS
DOLLARS)
ISSUING
TIME
CERTIFICATES
TO
TOTAL
DEPOSITS
AS
OF
JAN
30
(NUMBER
TOTAL
58
OF
DEPOSIT
1/
1974
BANKS)
15
TO
20*
10
5
TO
10*
OF
TO
15*
20
TO
25*
25*
OR
MORE
A V E R A G E CD
TO DEPOSIT
R A T I O (PER C E N T )
44
51
43
55
20.3
UNDER 200
13
14
23
15
15
8
14.4
200 - 500
18
6
10
17
14
20
18.1
500 - 1000
6
7
5
11
8
14
OVER 1000
2
2
6
8
6
13
PRIME IN NEW YORK 3/
0
0
0
1
1
5
PRIME OUTSIDE NEW YORK 3/
0
0
4
3
1
4
20.0
NONPRIME
2
2
2
4
4
4
19.0
INCLUDES
2/
TOTAL
a/
CERTIFICATES
DEPOSITS
AS
IN
DENOMINATIONS
REPORTED
IN
THE
CALL
OF
$100,000
REPORT
OF
OR
MORE
CONDITION
ISSUED
ON
PY
WEEKLY
DECEMBER
31,
22.3
CXI
1/
o
29
CD
39
REPORTING
BANKS.
1965.
wi" xriiiSrBi: s f f i j R r s M
NOTE-
DEPOSIT"
INTERBANK
/
R
DENOMINATOR
OF
' ,S. G O V E R N M E N T
THE
RATIO
DEPOSITS.
IN
THIS
TABLE
ARE
TOTAL
DEMAND
AND
TIME
DEPOSITS,
INCLUDING
TABLE
PER
CENT
CHANGE
IN
OUTSTANDING
26
DEC
NEGOTIABLE
1973
TO
(NUMBER
______
ALL
BANKS
UNDER
__________
4
3 9
30
OF
DECLINES
ISSUING
SC
TIME
JAN
CERTIFICATE
OF
DEPOSIT
/I
INCREASES
OF
1974
BANKS)
OF
A. ATITFGHWA-
N
3 4
7
4 2
4 2
O
8 6
200
2
15
5
11
3
10
15
29
0
200
- 500
2
13
3
9
2
12
12
34
0
500
-
0
8
3
7
8
8
15
0
OVER
1000
1000
0
PRIME
IN
NEW
PRIME
OUTSIDE
YORK
NEW
3/
YORK
0
3
/
INCLUDES
2/
TOTAL
5/
DEPOSITS
AS
IN
IN
THE
CALL
$100,000
REPORT
OF
0
3
OR
MORE
CONDITION
ISSUED
ON
4
1
0
2
0
6
RY
WEEKLY
DECEMBER
7
31,
8
0
1
4
0
1
2
REPORTING
0
6
0
BANKS.
1965.
SiS BSTMBtBI! SSSJRTiSK ^i5 f S^STKI«ff«rasrST!&"S!S,SrTSS'JS8!KS»"!KSK."D
B ssssus-rsT.^ss ^•jiKff'UK.'YSR.'SuffiMiis
""" ,H "
,A
12
3
0
OF
2
0
1
0
1
DENOMINATIONS
REPORTED
7
0
2
0
CERTIFICATES
0
0
0
NONPRIME
1/
3
-
TABLE
PER
CENT
CHANGE
IN
OUTSTANDING
31
OCT
NEGOTIABLE
1973
TO
(NUMBER
(IN
DEPOSITS
MILLIONS
OF
DECLINES
......
REDUCED "
CD'S 25%
OR
TO
MORE
ZERO
/2
DOLLARS)
OF
20
TO
25*
15
TO
20*
10
TO
15*
ISSUING
OF
DEPOSIT
/I
1974
BANKS)
......
INCREASE
.....
5
TO
10%
5*
OR
LESS
24
7
2
22
25
27
5*
OR
LESS
NO
CHANGE
.............
3
OF
5
TO
10%
10
TO
15%
............
20
TO
25%
15
TO
20%
, ## #» m# mm m
........
25%
OR
MORE
..............
CD'S BUT HAD
NONE
OUTSTANDING
ON B A S E D A T E
I
I
I
I
I
I
I
I
I
I
I
I
BANKS
CD'S
OF
JAN
CERTIFICATE
------
1
1
1
1
1
T
1
1
1
1
1
1
1
1
1
1
1
1
1
ALL
30
TIME
1
1
1
8
1
1
1
1
1
1
1
1
TOTAL
50
36
26
24
17
13
31
UNDER
200
1
8
3
0
5
8
7
2
9
11
8
10
3
14
1
2 0 0
-
500
2
6
2
1
7
9
12
2
6
10
9
5
7
9
0
500
-
1000
0
8
2
1
6
6
4
1
11
2
4
1
2
3
0
0
2
0
0
4
2
4
0
10
5
3
1
1
5
0
0
0
0
0
0
0
1
0
3
3
0
0
0
0
0
0
1
0
0
3
1
2
0
4
0
0
0
0
1
0
0
1
0
0
1
1
1
0
3
2
3
1
1
4
0
OVER
1000
PRIME
IN
NEW
PRIME
OUTSIDE
YORK
NEW
3/
YORK
3/
NONPRIME
1/
INCLUDES
2/
TOTAL
DEPOSITS
3/
PRIME
WHICH
BANKS ARE THOSE
ARE R E P O R T E D BY
NOTE-
THE
HAD
CERTIFICATES
AS
IN
DENOMINATIONS
REPORTED
IN
TO
CALL
WHOSE NEGOTIABLE
D E A L E R S TO T R A D E
N U M B E R O F B » N K S IN T H I S
O U T S T A N D I N G C D ' S ON T H E
OUTSTANDINGS
THE
ZERO.
OF
$100,000
REPORT
OF
OR
MORE
CONDITION
ISSUED
ON
RY
WEEKLY
DECEMBER
31.
REPORTING
BANKS.
1965.
C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y A N D
W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .
T A B L E D I F F E R S F R O M T H O S E IN M O S T
S U R V E Y THREE M O N T H S PRIOR TO THE
OTHER T A B L E S TO
CURRENT SURVEY,
THE EXTENT THAT
REDUCED THEIR
BANKS
THAT
TABLE SE
CHANGE
IN
OUTSTANDING
OVER
THE
NEGOTIABLE
MONTH
AT
AS
THE
26
A PER
I L U O N S
O F
D O L L
'"
S
'
. A
DEC
,?
OVER
"
-
I
N
1973
TO
"
^
"
30
OF
OF
THE
JAN
TOTAL
OF
DEPOSIT
DEPOSITS
PERIOD
1974
BANKS)
ri
™
3%
1/
2*
LESS
LESS
TO
3 %
2%
» ;
_
10
25
42
7
67
40
23
41
200
1
2
12
16
3
20
12
10
12
200
- 500
3
2
5
14
2
20
15
5
19
500
-
2
13
9
OVER
S
OF
CERTIFICATES
6
UNDER
K
CENT
BEGINNING
(NUMBER
"
TIME
1000
0
1000
PRIME
IN
PRIME
OUTSIDE
NEW
YORK
3/
NEW
YORK
3
INCLUDES
2/
TOTAL
3/
ZZ s s r y s r s r s
CERTIFICATES
DEPOSITS
DEPOSITS
INTERBANK
IN
AS
0
IN
DENOMINATOR
u$s.
OF
GOVERNMENT
CALL
THE
REPORT
RATIO
0
3
$100,000
IN
OF
0
OR
MORE
CONDITION
THIS
14
6
3
1
OF
0
1
1
0
THE
7
0
1
DENOMINATIONS
2
2
0
/
REPORTED
THE
AND
IN
5
1
0
1/
6
0
NONPRIME
NOTE-
5
TABLE
ISSUED
ON
ARE
AY
TOTAL
4
4
6
3
3
1
1
1
3
2
2
0
8
1
0
5
WEEKLY
DECEMBER
5
31.
DEMAND
REPORTING
BANKS.
1965.
AND
TIME
DEPOSITS,
INCLUBING
DEPOSITS.
•
TABLE
CHANGE
OVER
IN
OUTSTANDING
THE
LAST
NEGOTIABLE
THREE
AT
MONTHS
THE
31
AS
OCT
1973
(IN
DEPOSITS
MILLIONS
OF
DECLINES
2/
TO
3
TO
4%
4
TO
5%
5%
AND
OVER
DOLLARS)
OF
30
OF
OF
TIME
CERTIFICATES
A PER
BEGINNING
(NUMBER
TOTAL
5F
CENT
THE
JAN
OF
TOTAL
BANKS
CD'S
DEPOSIT
1/
DEPOSITS
PERIOD
1974
BANKS)
INCREASES
•eeee»e»«»*«pe»*
1
TO
2%
2
TO
3%
NO
CHANGE
1*
AND
LESS
2
TO
3%
1
TO
1%
AND
UNDER
2%
OF
5%
AND
OVER
4
TO
5%
3
TO
4%
-------- -------
»•••«•••
ALL
OF
ISSUING
10
6
6
12
20
54
4
48
28
21
11
19
21
200
1
1
1
3
9
16
1
14
12
8
7
9
5
200
- 500
3
3
1
3
6
22
2
15
8
7
1
4
10
500
-
4
2
4
4
3
10
1
9
3
2
1
4
4
2
0
0
2
2
6
0
10
5
4
2
2
2
0
0
0
0
0
1
0
3
0
3
0
0
0
2
0
0
2
1
2
0
3
1
0
1
0
0
0
0
0
0
1
3
0
4
4
1
1
2
2
UNDER
OVER
1000
1000
PRIME
IN
NEW
PRIME
OUTSIDE
YORK
NEW
3/
YORK
3/
NONPRIME
1/
INCLUDES
2/
TOTAL
DEPOSITS
3/
PRIME
WHICH
BANKS ARE THOSE
A R E R E P O R T E D BY
NOTE-
CERTIFICATES
AS
IN
DENOMINATIONS
REPORTED
IN
THE
CALL
WHOSE NEGOTIABLE
DEALERS TO T R A D E
OF
$100,000
REPORT
OF
OR
MORE
CONDITION
ISSUED
ON
BY
WEEKLY
DECEMBER
31.
REPORTING
BANKS.
1965.
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 A S 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 I T H I N 1 OR 2 BASIS P O I N T S OF E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .
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
MATURITY
DISTRIBUTION
OF
OUTSTANDING NEGOTIABLE TIME
AT W E E K L Y R E P O R T I N G B A N K S
BY F E D E R A L R E S E R V E D I S T R I C T
AS
(AMOUNTS
CD'S
1974
1975
MATURING
IN
ALL
DISTRICTS
ROSTON
2475.6
90.9
FEB
24888.7
MAR
OF
IN
30
JAN
CERTIFICATES
OF
DEPOSIT
1/
1974
MILLIONS
OF
DOLLARS)
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
576.3
16.6
26.1
48.9
177.5
420.7
970.0
3332.6
368.5
405.8
524.7
1301.2
4105.3
606.2
715.6
2587.9
271.1
191.1
437.9
905.6
2993.0
463.6
345.5
462.2
1814.7
103.3
130.9
180.4
479.3
1446.9
72.6
214.7
120.8
144.4
379.6
30.8
27.0
97.7
127.9
439.8
987.4
25.4
84.4
47.9
92.9
206.7
13.9
12.2
59.3
132.0
449.4
77.3
649.3
18.2
131.9
159.9
141.7
147.3
21.2
5.9
61.7
148.3
357.9
1019.1
102.4
291.6
16.5
63.8
14.5
43.2
96.9
13.3
3.6
19.8
36.4
317.1
SEP
580.1
127.8
129.4
5.5
24.4
16.2
31.0
40.3
2.2
2.3
22.5
34.0
144,5
OCT
474.9
90.5
47.8
6.9
21.5
11.3
27.4
59.5
9.4
4.7
23.3
21.2
151.4
NOV
236.5
21.7
32.8
3.1
13.0
18.8
15.6
23.2
3.8
3.3
14.8
13.7
72.7
DEC
422.4
27.2
134.9
14.4
10.6
17.3
19.9
54.6
6.7
0.9
26.8
16.5
92.6
JAN
363.2
23.2
25.8
2.1
21.8
7.2
17.7
45.6
11.8
5.2
22.0
21.1
159.7
1258.7
55.9
114.4
78.2
460.2
27.5
79.7
94.6
58.5
6.8
26.6
138.7
117.6
66944.5
3530.5
24696.7
2603.3
3628.3
2066.1
2814.5
9459.*
931.1
825.8
1566.4
3553.4
11268.6
2.0
2.5
1.7
1.7
3.3
2.2
2.4
1.8
2.4
1.5
2.4
2.2
2.2
261
19
41
9
23
17
24
36
11
5
19
25
32
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA
714.0
149.1
108.8
93.5
53.2
1161.1
10021.7
995.1
1123.2
579.5
18241.7
830.3
6909.3
907.3
886.4
APR
9754.5
517.5
3501.3
308.9
MAY
2973.3
181.0
1137.0
JUN
2335.2
223.7
JUL
1920.6
AUG
JAN
FEB
TOTAL
31
OR
LATER
*
AVERAGE MATURITY
IN M O N T H S 2 /
NUMBER
OF
1/
INCLUDES
2/
SEE
ONLY
TECHNICAL
DETAILS
NEW
YORK
CHICAGO
REPORTING
BANKS
•
6A
MAY
NOT
CERTIFICATES
APPENDIX
ADD
TO
ISSUED
IN
DENOMINATIONS
B.
TOTALS
DUE
TO
ROUNDING.
OF
$100,000
OR
MORE
BY
WEEKLY
REPORTING
BANKS.
TABLE
1/
SALES
OF
NEGOTIABLE
TIME
BY
(AMOUNTS
1974
IN
30
JAN
MILLIONS
PREVIOUS
MONTH
1974
OF
DOLLARS)
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
547.2
1527.8
231.8
217.3
265.1
788.9
2276.6
267.8
376.2
1738.2
177.2
116.3
269.3
571.6
1572.4
257.3
175.5
280.1
1294.8
66.9
105.8
104.2
298.7
698.4
39.2
103.4
35.1
61.5
295.4
15.8
18.0
13.0
40.8
144.5
152.8
4.9
11.3
9.9
9.7
41.6
4.6
3.8
17.6
30.1
104.3
19.2
302.8
11.5
16.4
140.1
70.7
73.7
10.3
2.5
24.4
59.5
150.7
120.0
1.0
9.4
1.1
0.7
0.0
2.5
29.2
1.0
0.0
1.9
4.8
68.4
SEP
52.8
3.3
17.3
0.0
5.4
5.3
1.7
4.4
0.0
1.4
1.3
1.8
10.9
OCT
141.0
10.6
9.4
0.3
0.1
5.0
2.1
29.7
0.0
1.2
9.2
0.7
72.7
NOV
71.7
7.0
5.0
0.0
2.1
14.0
4.1
0.4
0.0
0.1
3.0
0.0
36.0
DEC
123.1
9.7
11.0
7.7
2.1
12.1
8.9
6.3
2.4
0.9
17.7
4.4
39.9
382.1
16.6
50.9
5.5
25.2
8.7
18.7
36.0
18.1
4.9
13.6
17.3
166.6
32464.2
1533.9
12002.2
1212.7
1448.2
905.7
1383.4
5077.5
528.1
472.2
740.3
1818.6
5341.4
1.7
1.6
1.5
1.5
1.7
2.6
1.8
1.8
1.7
1.5
2.0
1.6
2.0
IN
ALL
DISTRICTS
QOSTON
FEB
13272,2
667.2
MAR
9909.5
APR
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA
5437.6
485.9
594.6
232.2
471.6
3445.8
473.5
429.6
5805.9
268.9
2072.2
183.1
MAY
1295.0
40.3
488.0
JUN
409.1
18.5
JUL
881.8
AUG
OR
LATER
»
AVERAGE MATURITY
IN M O N T H S 3 /
1/
SEE
2/
INCLUDES
3/
SEE
*
OF
SINCE
CHICAGO
MATURING
JAN
TOTAL
2/
C E R T I F I C A T E S OF D E P O S I T
WEEKLY REPORTING BANKS
FEDERAL RESERVE DISTRICT
AS
CD'S
6B
TECHNICAL
ONLY
TECHNICAL
DETAILS
MAY
NOT
APPENDIX
A.
CERTIFICATES
APPENDIX
ADD
TO
NEW
YORK
ISSUED
IN
DENOMINATIONS
B.
TOTALS
DUE
TO
ROUNDING.
OF
$100,000
OR
MORE
BY
WEEKLY
REPORTING
BANKS.
TABLE
MATURITY
DISTRIBUTION
OF
OUTSTANDING NEGOTIABLE TIME
AT W E E K L Y R E P O R T I N G B A N K S
BY F E D E R A L R E S E R V E D I S T R I C T
AS
OF
30
(PERCENTAGE
CD'S
1974
1975
MATURING
ALL
DISTRICTS
ROSTON
3.7
2.6
FEB
37.2
MAR
1/
OF
DEPOSIT
1/
1974
DISTRIBUTION)
CLEVELAND
RICHMONO
ATLANTA
MINNEAPOLIS
KANSAS
CITY
DALLAS
Cisco
2.*
5.7
3.0
4.5
1.9
6.1
1.8
3.2
3.1
5.0
3.7
32.9
40.6
38.2
31.0
28.0
34.5
35.2
39.6
49.1
33.5
36.6
36.4
27.2
23.5
28.0
34.9
24.4
29.3
25.4
27.4
29.1
23.1
28.0
25.5
26.6
APR
14.6
14.7
14.2
11.9
12.8
16.7
16.4
19.2
11.1
15.9
11.5
13.5
12.8
MAY
4.4
5.1
4.6
2.8
5.9
5.8
5.1
4.0
3.3
3.3
6.2
3.6
3.9
JUN
3.5
6.3
4.0
1.0
2.3
2.3
3.3
2.2
1.5
1.5
3.8
3.7
4.0
JUL
2.9
2.2
2.6
0.7
3.6
7.7
5.0
1.6
2.3
0.7
3.9
4.2
3.2
AUG
1.5
2.9
1.2
0.6
1.8
0.7
1.5
1.0
1.4
0.4
1.3
1.0
2.8
SEP
0.9
3.6
0.5
0.2
0.7
0.8
1.1
0.4
0.2
0.3
1.4
1.0
1.3
OCT
0.7
2.6
0.2
0.3
0.6
0.5
1.0
0.6
1.0
0.6
1.5
0.6
1.3
NOV
0.4
0.6
0.1
0.1
0.4
0.9
0.6
0.2
0.4
0.4
0.9
0.4
0.6
DEC
0.6
0.8
0.5
0.6
0.3
0.8
0.7
0.*
0.7
0.1
1.7
0.5
0.8
JAN
0.5
0.7
0.1
0.1
0.6
0.3
0.6
0.5
1.3
0.6
1.4
Q.6
1.4
1.9
1.6
0.5
3.0
12.7
1.3
2.8
1.0
6.3
0.8
1.7
3.9
1.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
OR
BY
31
OR
LATER
*
INCLUDES
ONLY
CERTIFICATES
ISSUED
IN
DENOMINATIONS
OF
$100,000
MORE
CHICAGO
"SAN
FRAN-
ST.
LOUIS
JAN
NEW
YORK
JAN
CERTIFICATES
PHILADELPHIA
FEB
TOTAL
IN
6C
WEEKLY
REPORTING
BANKS.
TABLE
MATURITY
DISTRIBUTION
OF
OUTSTANDING NEGOTIABLE TIME
AT W E E K L Y R E P O R T I N G B A N K S
BY F E D E R A L R E S E R V E D I S T R I C T
AS
OF
30
(CUMULATIVE
CD'S
MATURING
ALL*'
DISTRICTS
BOSTON
3.7
2.6
FEB
40.9
MAR
JAN
CERTIFICATES
OF
DEPOSIT
1/
1974
PERCENTAGE)
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
F*ANCISCO
6.1
1.8
3.2
3.1
5.0
3.7
36.4
41.3
41.4
52.3
36.6
41.6
40.1
61.8
61.8
68.7
70.5
75.4
64 . 6
67.1
66.7
71.2
78.5
78.2
87.9
81.6
91.3
76.1
80.6
79.5
93.5
77.1
84.3
83.3
91.9
84.9
94.6
82.#
84.2
83.4
94.3
94.5
79.4
86.6
86.6
94.1
86.4
96.1
86.1
87.9
87.4
87.3
96.9
95.2
83.0
94.3
91.6
95.7
88.7
96.8
90.0
92.1
90.6
95.0
90.2
98.1
95.8
84.8
95.0
93.1
96.7
90.1
97.2
91.3
93.1
93.4
SEP
95.9
93.8
98.6
96.0
85.5
95.8
94.2
97.1
90.3
97.5
92.7
94.1
94.7
OCT
96.6
96.4
98.8
96.3
86.1
96.3
95.2
97.7
91.3
98.1
94.2
94.7
96.0
NOV
97.0
97.0
98.9
96.4
86.5
97.2
95.8
97.9
91.7
98.5
95.1
95.1
96.6
DEC
97.6
97.8
99.4
97,0
86.8
98.0
96.5
98.S
92.4
98.6
96.8
95.6
97.4
JAN
98.1
98.5
99.5
97.1
87.4
98.3
97.1
99.A
93.7
99.2
98.2
96.2
98.8
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
OR
BY
PHILADELPHIA
CLEVELAND
RICHMONO
ATLANTA
2.*
5.7
3.0
4.5
1.9
35.5
43.5
43.9
34.0
32.5
68.1
59.0
71.5
78.8
58.4
APR
82.7
73.7
85.7
90.7
MAY
87.1
78.8
90.3
JUN
90.6
85.1
JUL
93.5
AUG
JAN
FEB
1/
IN
60
31
OR
INCLUDES
LATER
ONLY
CERTIFICATES
ISSUED
IN
NEW
YORK
DENOMINATIONS
OF
$100.000
MORE
CHICAGO
WEEKLY
REPORTING
BANKS.
TABLE
6E
1/
SALES
2/
OF
NEGOTIABLE
TIME
BY
C E R T I F I C A T E S OF D E P O S I T
WEEKLY REPORTING BANKS
FEDERAL RESERVE DISTRICT
AS
OF
30
(PERCENTAGE
CD'S
DALLAS
SAN
FRANCISCO
30.1
43.9
46.0
35.8
43.4
42.6
27.2
34.2
33.6
24.6
36.4
31.4
29.4
19.4
20.2
25.5
12.7
22.4
14.1
16.4
13.1
7.1
3.9
4.4
5.8
3.0
3.8
1.8
2.2
2.7
0.4
0.8
1.1
0.7
0.8
0.9
0.8
2.4
1.7
2.0
2.5
0.9
1.1
15.5
5.1
1.5
2.0
0.5
3.3
3.3
2.8
0.1
0.1
0.1
0.0
0.0
0.2
0.6
0.2
0.0
0.3
0.3
1.3
0.2
0.2
0.1
0.0
0.4
0.6
0.1
0.1
0.0
0.3
0.2
0.1
0.2
OCT
0.4
0.7
0.1
0.0
0.0
0.6
0.2
0.6
0.0
0.3
1.2
0.0
1.4
NOV
0.2
0.5
0.0
0.0
0.1
1.5
0.3
0.0
0.0
0.0
0.4
0.0
0.7
DEC
0.4
0.6
0.1
0.6
0.1
1.3
0.6
0.1
0.5
0.2
2.4
0.2
0.7
1.2
1.1
0.4
0.5
1.7
1.0
1.4
0.7
3.4
1.0
1.8
1.0
3.1
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
OR
BY
IN
FEB
40.9
43.5
MAR
30.5
APR
CLEVELAND
RICHMOND
ATLANTA
45.3
40.1
41.1
25.6
39.6
30.7
28.7
39.0
29.7
29.6
17.9
17.5
17.3
15.1
17.8
MAY
4.0
2.6
4.1
3.2
JUN
1.3
1.2
1.3
JUL
2.7
1.3
AUG
0.4
SEP
OR
LATER
*
1/
SEE
2/
INCLUDES
•
DISTRIBUTION)
KANSAS
CITY
BOSTON
-
1974
PHILADELPHIA
JAN
NOTE
MONTH
MINNEAPOLIS
ALL
DISTRICTS
TOTAL
PREVIOUS
ST.
LOUIS
MATURING
1974
JAN
SINCE
TECHNICAL
ONLY
SALES
DETAILS
MAY
APPENDIX
IN
NOT
ADD
TABLE
TO
CHICAGO
A.
CERTIFICATES
THIS
NEW
YORK
ISSUED
ARE
TOTALS
NOT
DUE
IN
DENOMINATIONS
ADJUSTED
TO
FOR
ROUNDING.
CD'S
OF
THAT
$100,000
HAVE
MORE
MATURED.
WEEKLY
REPORTING
BANKS.
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-
parable1 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 NEGOTIABIE 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 d a t e — a r e 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 comparability 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