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v

November 21, 1978




"

aS-f;X

CONFIDENTIAL (FR)

it * IbrofV ^

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS
as of
October 25, 1978

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

AttREbATE
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
WEEKLY REPORTING BANKS
AS OF 2b OC1 1*78

CD'S MATURING IN

AMOUNT
(MILLIONS OF
DOLLARS 1

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

SALES SINCt
PREVIOUS MONTH 2/
(MILLIONS OF DOLLARS)

6*000.3

6.5

6.5

.0

NOVEMBER

23#678.7

25.7

32.2

9,982.1

DECEMBER

14,845.5

16.1

*>
CO

2,625.4

13,933.2

15.1

63.4

4,138.4

FEBRUARY

6,993.9

7.6

71.0

534 .6

MARCH

7,750.7

8.4

79.4

1,341.6

APRIL

8,701.1

9.4

88.8

t>,692.7

MAY

1,406.7

1.5

90.3

216 .0

JUNE

1,308.6

1.4

91.7

221.1

JULY

1,124.6

1.2

92.9

131.0

AUGUST

1,044.7

1.1

94.0

41.0

SEPTEMBER

684.3

.7

94.?

64.2

UCTUBER

679.4

.7

95.4

4,059.5

4.4

99.6

92,211.2

100.0

1976 OCTOBER

26-31

1979 JANUARY

OVER 12 MONTHS
TOTAL

(MEMORANDUM:
DECEMBER lO
DECEMBER 15

1,30b.3
1*269.6

445.5 3/

26,653.7

TAX AND DIVIDEND MATURITIES*
1.4
1.4

232.5
262.5

1/

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

2/

SALES ARE NOT ADJUSTED FOR MATURITIES AND ARE DERIVED BY SUBTRACTING OUTSTANDINGS M A T U R I N G IN EACH MONTH OF
THE PREVIOUS SURVEY FROM MATURITIES IN 1HE SAME MONTH OF THE CURRENT SURVEY. TOTAL SALES DIFFER FROM IHfc
CHANGE IN TOTAL OUTSTANDINGS BY THE AMOUNT OF CD'S THAT HAVE M A T U R E D .

3/

OVER 11 MONTHS.




TABLE 1
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
WEEKLY REPORTING BANKS
AS OF 25 OCT 197 8

CD'S MATURING IN

1976 OCTOBER

26 - 31

AMOUNT
(MILLIONS OF
DOLLARS)

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

SALES SINCE
PREVIOUS MONTH 2/
(MILLIONS OF DOLLARS)

6,000.3

6.5

6.5

.0

NOVEMBER

23,678.7

25.7

32.2

9,962.1

DECEMBER

14,845.5

16.1

46.3

2,625.4

13,933.2

15.1

63.4

4,136.4

FEBRUARY

6,993.9

7.6

71.0

534.6

MARCH

7,750.7

8.4

79.4

1,341.6

APRIL

6,701.1

9.4

68.6

6,692.7

MAY

1,406.7

1.5

90.3

216.0

JUNE

1,306.6

1.4

91.7

221.1

JULY

1,124.6

1.2

92.9

131.0

AUGUST

1,044.7

1.1

94.0

41.0

SEPTEMBER

684.3

.7

94.7

64.2

OCTOBER

679.4

.7

95.4

4,059.5

4.4

100.O

XXX

92,211.2

100.0

XXX

26,653.7

1979 JANUARY

OVER 12 MONTHS
TOTAL

(MEMORANDUM:
DECEMBER 10
DECEMBER 15

1,306.3
1,269.6

445.5 3/

TAX AND DIVIDEND MATURITIES)
1.4
1.4

XXX
XXX

1/

INCLUDE^ ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

2/

SEc TECHNICAL APPENDIX A .

3/

SALES OF CD'S MATURING AFTER 11 MONTHS.




23Z.5
282.5

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
N E W YORK C I T Y , C H I C A G O , AND ALL O T H E R WEEKLY R E P O R T I N G B A N K S

AT

AS OF 2b OCT 1978
(IN M I L L I O N S OF D O L L A R S )
NEW Y O R K CITY
C D ' S M A T U R I N G IN

1978 OCT

AMOUNT

2 6 - OCT 31

ALL O T H E K W E E K L Y R E P O R T I N G B A N K S

CHICAGO

SALES SINCE
P R E V I O U S MONTH

AMOUNT

2/

AMOUNT

S A L E S SINCE
P R E V I O U S M O N T H 2/

SALES SINCE
PREVIOUS MONTH 2/

1,410.5

.0

709.1

.0

3,880.6

.0

NOVEMBER

5,370.0

1,691.9

2,991.7

1,065.9

15,317.0

7,024.2

OECEMUCR

4,230.7

507.1

1,562.1

440.5

9,052.7

1,677.6

3,759.6

1,015 .4

1,311.6

467.1

8,861.7

2,635.9

FEBRUARY

2,706.1

94.6

749.1

40.1

3,536.7

399.7

MARCH

2,621.5

746.4

659.4

106.5

4,269.8

464.9

APRIL

3,037.6

2,767.2

1,213.9

643.6

4,449.6

3,261.9

MAY

215.0

23.6

152.3

7.4

1,039.4

165.0

JUNE

234.7

38.8

69.4

19.6

96*.5

162.6

JULY

186.8

34.3

113.4

3.3

824.5

93.5

AUGUST

235.4

2 .2

*9.7

.1

719.6

36.7

SEPTEMBER

169.9

5.9

132.8

6.2

361.6

70.1

OCTOBER

113.5

1979 J A N U A K Y

OVER

12 M O N T H S

O 18.7

XXX

583.8

XXX

7,261.4

10,694.0

*,997.6

10

OFCCFCMBER 10
D E C E M B E R 15

333.0

<60.1

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

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

37.2
38 .4

IN D E N O M I N A T I O N O F $ 1 0 0 , 0 0 0 OR M O R E

2/ BCE T E C H N I C A L A P P E N D I X A .
D/ S LFCS OF C D 9 S M A T U R I N G A F T E R 11 M O N T H S .

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

21O

10
(MEMORANDUM:

16,574.4
I

OF R E P O R T I N G B A N K S

XXX

2 , 4,46 #3

1
1

!

NWDER

3 4 0 . 1 /J

430.4

SI

2•b

26.5 / 3

135.5

» 1
S !
1
1
1

*

IT 3 2 7 . 4
•*

TOTAL

131.8 /3

176.2
163.6

27.7
47.6

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

795.1
606.0

167.6
196.4




TAbLE 2B
1/
MATURITY DISTRIBUTION OF O U T S T A N D I N G NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, C H I C A G O . AND ALL UTHER WEEKLY RTPUFTTING BANKS
AS OF 25 OCT

1978 AND 27 SEP 197o

(PERCENTAGE DISTRIBUTION)
NEW YORK CITY
25 OCT

CHICAGO

27 SEP

O

OCT

ALL OTHER
27 SEP

2 7 aEP

5.5

2.0

6.6

3.0

6,9

3.7

01 MONTHS 3/

21.0

2d.4

26.0

31.7

47.4

32.6

02 M O N T H *

16.5

14.1

14.6

18.0

16.2

14.9

03 M O N T H S

14.7

15.1

12.3

10.5

15.9

12.9

04 MONTHS

10.6

11.2

7.0

7.7

6.3

11.2

05 MONTHS

10.2

10.6

o.O

6.6

7.o

5.6

06 MONTHS

11.9

7.6

11.4

7.u

8.0

6.8

07 MONTH*

.b

1 .0

1.4

3.5

1.9

2.1

Ob MONTHS

.9

.b

•b

1.4

l.b

1.5

09 MONTnS

.7

.b

1.1

.7

1.5

1.5

10 M O N T H S

.9

.6

.o

1*0

1.3

1.3

11 MONTHS

.7

.9

1.2

.8

.7

1.2

12 MONTHS

.4

.7

1.3

1.2

•d

.6

5.C

5.3

5.5

7.0

3,8

4.0

100.0

100.0

100.0

100.0

100.0

lOp.O

0 - 6 DAYS 2/

OVER

12 MONTHS

TOTAL *

1/ INCLUDES ONLY CERTIFICATES IN D E N O M I N A T I O N S OF S100,000 OR MORE
BANKS.
2/ NUMBcR OF UAYS R E M A I N I N G IN SURVEY M O N T H . THIS PERIOD V A R U S
FOLLOWING THE LAST WEDNESDAY OF THE M O N T H .
3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.
•

25 OCT

TOTALS MAY NOT ADD DUE TO ROUNuING.

ISSUED BY WEEKLY REPORTING

WITH THE NUMBcR OF DAY*

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING ttANKS
AS OF 25 OCT 197ti AND 27 SEP 1976
(CUMULATIVE DISTRIBUTION)

CD'S • « « • »

IN
OCT

-6 DAYS 2/

27 SEP

25 OCT

27 SEP

25 OCT

27 SEP

2.8

6.6

3.0

6.9

3.7

01 MONTHS 3/

26.5

31.2

34.6

34.7

34.3

36.3

02 MONTHS

43.0

45.3

49.2

52.7

50.5

51.2

03 MONTHS

57.7

60.4

tol.5

63.2

66.4

64.1

04 MONTHS

68.3

71.6

68.5

70.9

72.7

75.3

Ob MONTHS

76.5

82.2

76.5

77.5

80.3

80.9

06 MONTHS

90.4

89.8

87.9

84.5

88.3

87.7

07 MONTHS

91.a

90.8

89.3

88.0

90.2

08 MONTHS

94.1

91.6

90.1

89.4

92.0

91.3

09 MONTHS

92.6

92.4

91.2

90.1

93.5

92.6

10 MONTHS

94.7

93.0

92.0

91.1

94.8

94.1

11 MONTHS

94.4

93.9

93.2

91.9

95.5

95.3

12 MONTHS

94.6

94.6

94.5

93.1

96.3

95.9

100.0

100.0

100.0

100.0

100.0

100.0

gfc 12 MONTHS

^

°NLV

"

*

CO

5.5

$




TABLE 2C

IN B6NQM1NAT1UN» UF $100,000 OR MORt ISSUfcO BY WEEKLY REPORTING

"

*

1/ NUNtttit 6f= MONTHS PBLLGWiNb TM6 SUHVfeV NBNTH.

"

»"»'««-»«««

TABLt: 3A

MATURITY 01STRIbUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF *5 OCT 1978
(AMOUNTS IN MILLIONS OF DOLLARS)

1/

S5 BILLION AND OVER
C D ' S MATURING IN

197b OCT

26-31

TOTAL

S500
MILLION
AND UNDER

$500 MILLION
TO
$1 BILLION

SI BILLION
TO
S5 BILLION

TOTAL
NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

6,000.3

327.5

707.8

2,248 .2

2,716.8

1,167.5

NOVEMBER

1,549.3

23,678.8

1,339.0

2,799.1

7,608.8

11,931.9

4,567.4

DECEMBER

7,364.5

14,045.5

742.2

l,499.o

4,753.3

7,850.4

3,848.1

4,002.3

13,933.2

o33 .9

1,260.8

4,4o5.7

7,554.8

3,4*3.3

FEBRUARY

4,109.5

6,993.o

231.4

557.3

1,911.8

4,293.3

2,553.3

MARCH

1,740.0

7,750.6

229.9

525.c

2,044.8

4,950.7

2,474.5

APKIl

2,476.2

8,701.2

4 06.7

605.5

2,167.0

5,721.2

MAY

2,970.2

2,751.0

1,406.7

6u.9

1&9.4

551.6

604.8

403.8

JUNE

401.0

1,306.5

84.7

156.6

557.5

509. 7

195.4

JULY

314.3

1,1C4.6

71.3

158.0

428.9

466.4

180.8

AUGUST

2o5 .6

1,044.5

62.8

137.7

315.3

528.7

SEPTEMBER

224.7

304.0

684. J

56.3

01.6

1*7.1

357.3

OCTOBER

158.7

198.6

679.4

29.3

62.0

220.2

367.9

99.0

268.9

4,Ob9.5

98.8

236.7

725.1

2,998.9

1,299.7

92,210.9

1,699.2

4,196.7

8,957.3

28,206.1

50,850.8

23,386.4

27,464.4

1979 JANUARY

NUVEMBER
Cik LATER
TOTAL *

(MEMORANDUM:
DECEMDER

TAX AND DIVIDEND MATURITIES)

10

1» 306.3

74.3

lib.7

435.3

686.0

OECtMbtR 13

302.1

383.9

1»269.7

73.7

98.1

400.5

697.4

235.7

461.7




(MEMORANDUM:
236

71

65

NUMBER OF BANKS)
83

17

10

TABLE 3b

1Z

NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 25 OCT 197b
(AMOUNTS IN MILLIONS OF DOLLARS)
*5 BILLION AND OVER

CD'S MATURING IN

1978 OCT

*500
MILLION
AND UNDER

TOTAL

*500 MILLION
TO
*1 BILLION

*1 BILLION
TO
*5 BILLION

TOTAL

26-31

NEW YORK
CITY

OUTsIOfc
NEW YORK
CITY

NOVEMBER

9,982.3

679.1

1,426.5

3,390.3

4,486.4

DECEMBER

1,404.7

3,081.7

2,825.4

194.1

44,7.1

1,109.7

1,114.5

348.9

765.6

4,130.4

250.5

500.9

1,411.0

1,976.0

680.1

1,095.9

534.4

45.9

42.0

182.9

MARCH

263.6 -

84.2

179.4

1,341.6

47.9

70.3

273.9

APRIL

949.5

714.0

235.5

6,892.9

130.1

430.3

1,522.0

MAY

4,810.5

2,727.1

2,083.4

215.9

7.0

46.6

75.7

66.4

JUNE

23.0

63.4

220.9

9.9

6.4

113.0

91.6

JULY

37.3

54.3

131.0

3.9

10.5

60.9

55.7

AUGUST

34.2

21.5

40.6

2.8

8.3

6.8

22.9

SfcPTEMBER

1.2

21.7

84.2

i .2

11.2

38.7

27.1

5.6

21.5

1979 JANUARY
FEBRUARY

OCTOBER
O R LATER
TOTAL *

445.5

27.7

58.1

21*.1

147.6

115.5

32.1

26,853.3

1.406.1

3,018.4

8,397.0

14,031.6

6,375.8

7,656.0

(MEMORANDUM:

TAX AND DIVIDEND MATURITIES!

0 CEMBER 10

232.6

24.0

33.7

75.4

99.5

DECEMBER 15

25.4

74.1

262.5

15.3

43.0

114.6

109.6

23.8

85.8

17

7

10

~
236

2 / INCLUDES CERTIFICATES IN DENOMINATIONS
3 / TOTAL
ASSETS AS REPORTED IN THE CALL
• for TOTALS
Digitized
FRASER MAY NOT A D D DUE TU ROUNDING.



(MEMORANDUM:
71

65

NUMBER OF bANKS) 83

TABLE St
DEPOSIT 1/
AS OF 25 OCT 1978
PERCENTAGE: DISTRIBUTION
$5 BILLION AND OVER

26-31

$1 BILLION
TO
$5 BILLION

TOTAL
NEW YORK
CITY

!

1978 OCT

TOTAL

$500 MILLION
TO

1I

CO»S MATURING IN

$500
MILLION
AND UNDER

OUTSIDE
NEW YORK
CITY

6.5

1.8

7.9

8.0

NOVEMBER

5.3

25.7

5.0

31.9

5.6

31.2

27.0

DECEMBER

16.1

23.5

19.5

17.7

26.8

16.7

16.9

15.4

15.1

16.5

15.1

14.6

14.1

15.9

14.9

7.6

14.7

5.5

15.0

6.2

6.8

8.4

8.4

10.9

5.5

6.3

5.9

7.2

9.7

9.4

10.6

4.9

9.0

6.8

7.7

MAY

11.3

1.5

12.7

1.9

10.0

1.9

2.0

JUNE

2.0

1.2

1.4

0.9

1.5

1.7

JULY

1.2

2.0

1.0

0.8

1.7

1.1

1.8

1.5

1.1

0.9

0.8

1.5

1.0

1.5

1.1

SEPTEMBER

1.0

0.7

1.0

1.4

1.1

0.9

0.7

OCTOBER

0.7

0.7

0.7

0.7

0.7

0.7

0.8

0.7

0.4

1.0

2.6

2.6

5.9

5.6

6.2

100.0

100.0

100.0

100.0

1979 JANUARY
FEBRUARY
MARCH
APRIL

AUGUST

NOVEMBER
OR LAIER
TOTAL *

4.4

2.4

100.0

100.0

100.0

<MEMORANDUM:
DECEMBER 10

1.4

UECEMbER 15

1.4




TAX ANu ulVlDENu MATURITIES)

ieb
lei

1.5

1.3

1.3

1.4

1.4

1.4

1.0

1.7

+

#

#

fABLE 3U

#

#

#

#

#

#

MATURITY DISTRIBUTION UP OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING bANKS BY SIZE UF BANKS 2/
AS OF 25 OCT 1978
CUMULATIVE PERCENTAGE

#

1/

$5 BILLION AND OVER
CD'S MATURING IN

TOTAL

$500
MILLION
AND UNDER

$500 MILLION
TO
$1 BILLION

$1 BILLION
TO
$5 BILLION

TOTAL
NEW YORK
CITY

197b OCT

26-31

OUTSIDE
NEW YORK
CITY

6.5

7.8

7.9

8.0

5.3

5.0

5.6

NOVEMBER

32.2

39.7

39.1

35.0

2b.8

24.5

3^.4

DECEMBER

48.3

57.4

55.ti

51.9

44.2

41.0

47.0

63.4

72.5

69.9

67.b

59.1

55.7

62.0

FEBRUARY

71.0

76.0

76.1

74. 6

67.5

66.6

68.3

MARCH

79.4

83.5

62.0

81.8

77.2

77.2

77.3

APRIL

88.8

88.4

88.8

o9.5

b8.5

89.9

87.3

MAY

90.3

90.3

90.7

91.5

89.7

90.8

88.8

JUNE

91.7

92.3

92.4

93.5

90.7

91.6

89.9

JULY

92.9

94.0

94.2

95.0

91.6

92.4

90.9

AUGUST

94.0

95.5

95.7

96.1

92.6

93.4

92.0

SEPTEMBER

94.7

96.9

96.b

96.6

93.3

94.1

92.7

OCTOBER

95.4

97.6

97.3

97.6

94.0

94.5

93.7

100.0

100.0

1979 JANUARY

NOVEMBER
Ok LATER

100.0

100.0

100.0

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF S 100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
TOTALS MAY NOT ADD DUE TO ROUNDING.
*




100.0

100.0

T A B L E 3E

S A L E S / 1 / UF

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 M O N T H 2 /
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 O F B A N K S 3 /
A S O F 25 O C T 1 9 7 8
PERCENTAGE DISTRIBUTION
S5 B I L L I O N A N D O V E R

CDES

M A T U R I N G IN

1978 OCT

TOTAL

$500
MILLION
AND UNDER

*500 MILLION
TO
SI BILLION

SI B I L L I O N
TO
S5 BILLION

TOTAL
N E W YORK
CITY

OUTSIDE
NEW YORK
CITY

22.0

40.3

10.0

<6-31

NOVEMBER

37.2

48.3

47.3

40.4

32.0

DECEMBER

10.5

13.8

13.5

13.2

7.9

5.5

15.4

17.8

16.6

16.8

14.1

13.8

14.3

1979 J A N U A R Y
FEBRUARY

2.0

3.3

1.4

2.2

1.9

1.3

2.3

MARCH

5.0

3.4

2.3

3. J

6.8

11.2

3.1

APRIL

25.7

9.3

14.3

18.1

34.3

42.8

27.2

MAY

0.8

0.5

1.6

0.9

0.6

0.4

0.8

JUNE

0 .<*

0.7

O. 2

1.3

0.7

0.6

0.7

JULY

0.5

0.3

0.3

0.7

0.4

0.5

0.3

AUGUST

0.2

0.2

0.3

0.1

0.3

0.3

0.5

0.4

0.5

0.2
0.2

0.0

SEPTEMBER

0.1

0.3

UCTUOEK
OR L A T E R

1.7

2.0

1.9

2.5

1.1

1.8

0.4

100.0

100.0

100.G

100.0

TOTAL

*

(MEMORANDUMS

TAX

100.0

100.0

100.0

AND DIVIDEND MATURITIES)

DECEMBER

1U

0.9

1*7

1.1

0.9

0.7

0.4

1.0

DECEMBER

15

1.1

lei

1.4

1.4

o.8

0.4

1.1

(MEMORANDUM:
236

71

NUMBER OF
65

BANKS)
83

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 IN D E N O M I N A T I O N S U F S 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
3 / TOTAL
ASSETS
A S R E P O R T E D IN THE C A L L R E P O R T O F C O N D I T I O N O N J U N E 3 0 , 1 9 7 5 .
*
T O T A L S M A Y N O T A D D DUE TO R O U N D I N G .




17

BANKS

10

TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIMfc CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
(IN MONTHS)
DATE OF SURVEY
BANK CLASSIFICATION

25 OCT 1978

27 SEP 1978

30 AUG

1978

(BY LOCATION)
ALL REPORTING BANKS
3.2

3.1

3.2

3.4

3.2

3.2

CHICAGO

3.4

3.3

3.4

OTHER

3.1

3.0

3.2

ISSUING CD'S

NEW

YORK CITY

(BY SIZE OF BANK I 2/
UNDER $500 MILLION

2.8

2.8

2.6

$500-$1,000 MILLION

2.9

2.6

2.6

$ 1,000—$5»000 MILLION

2.9

2.9

3.0

OVER $5 BILLION

3.5

3.3

3.4

IN NEW YORK CITY

3.5

3.3

3.3

OUTSIDE NEW YORK CITY

3.4

3.3

3.5

1/

INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .

2/

TOTAL




ASSET*

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1 9 7 5 .

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

25 OCT

1976

27 SEP 1978

30 AUG 1976

(BY LOCATION)
ALL REPORTING BANKS
ISSUING CD'S

NEW YORK CITY
CHICAGO
OTHER

3*0

2.8

2,8

3.7

3.4

3.3

2.6
2.8

2.9

2 .6
(BY S H E

2.o
2.6

OF BANK) 2/

UNDER $500 MILLION

2.3

2.2

2.2

$500—$1»000 MILLION

<1.4

2 .3

2.4

$1» 000—$5f 000 MILLION

2.8

z .6

2.7

OVER $5 BILLION

3.4

3.2

3.0

IN NEW YORK CITY

4.0

3.6

3.6

OUTS IDt: NEW YORK CITY

2.9

2.9

2.7

1/

INCLUDES CERTIFICATES IN DbNOMINAT IONS OF SlOOfUOO OR MORE ISSUED BY WEEKLY REPORTING BANKS*

2/

TOTAL

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.

N O T E — S E E TECHNICAL APPENDIX B.




#

#

#

#

#

#

#

#

#

TABLE 5A
R A T I O 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

1/

TO TOTAL D E P O S I T S
AT V A R I O U S S U R V E Y D A T E S
(PER C E N T |

DATE OF S U R V E Y
TOTAL ASSETS 2 /
(IN M I L L I O N S O F D O L L A R S )
ALL

B A N K S ISSUING
CD'S

25 OCT

1978

2 7 SEP

1978

21.1

21.0

UNDER 500

16.4

16.1

16.2

500 -

17.?

17.4

17.V

1000 - 5000

18.2

17.8

18.1

OVER

cb .0

25.1

24.6

26.2

25.6

25,6

24.1

24.8

23.8

1000

5000
YORK C I T Y

O U T S I D E NEW

YORK CITY

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

N(m

ASSETS

AS R E P O R T E D

IN THE CALL

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

~ SSS^;t.£*?SS{{£,?F4Ssmi01N




1978

21.2

IN NEW

2/ TOTAL

30 AUG

T H 1 S

TAaLfc

A R £

T 0 , A L

WEEKLY R K P O R T I N G B A N K S .

30, 1975.
D E M A N 0

A N U

T 1 M E

DfcP0S1T;

>' iNCLuwNt

TABLE 5b
RATIO UF OUTSTANDING NEGOTlAbLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AS OF 25 OCT 1978
(NUMBER OF BANKS >
TOTAL ASSETS 2/
(IN MILLIONS OF DOLLARS)
ALL BANKS ISSUING
CD'S

5%
OR
LESS

5
TO
10*

10
TU
154

15
TO
20*

20
TO
25*

2 5%
OR
MOkE

AVERAGE CD
TO DEPOSIT
RATIO (PER CENT)

27

24

47

40

41

57

21.2

UftbtR 500

B

10

15

15

11

12

16.4

500 - 1000

9

9

12

7

13

15

17.7

10

5

IB

15

15

20

16.2

0

0

2

3

2

10

25.0

IN NEW YORK CITY

0

0

1

1

0

5

26.2

OUTSIDE New YORK CITY

0

O

1

2

2

5

24.1

1000 - 5000
OVER 5000

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF >100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
<./ TOTAL
NOTE-




ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.

DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPUS1TS.

T A B L E 5C

PER G E N T C H A N G E

IN O U T S T A N D I N G N E G O T I A B L E
2 7 SEP

1976

TIME CERTIFICATE

TO 25 O C T

OF D T P O S I T

/I

1978

( N U M B E R OF B A N K S )

TOTAL

ASSETS

DECLINES

2/

REDUCED
CD'S TO
ZERO

(IN M I L L I O N S OF D O L L A R * )

ALL

BANKS
CD'S

1 0 % OR
MORE

OF

5 TO
10%

INCREASES OF
5% OR
LESS

NO
CHANGFC

5* OR
LESS

5 TO

10% OR
MORE

10%

ISSUED CD'S BUT
HAD NONE OUTSLANU1 N G ON B A S E D A T E

ISSUING

16

c7

52

51

43

41

UNDFCR 5 0 0

1

5

15

17

2

10

9

13

0

500 -

0

6

6

20

0

12

12

9

0

1000 - 5 0 0 0

0

5

5

13

2

22

17

19

0

OVER

0

2

1

0

7

5

0

0

0

1

0

1

0

1

4

0

0

0

1

1

1

0

6

1

0

0

1000

5000
IN N E W

YORK CITY

O U T S I D E NEW

YORK

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




ASSETS

CITY

IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 O R M O R E I S S U E D BY

AS R E P O R T E D

IN THE C A L L

REPORT

OF C O N D I T I O N O N

WEEKLY

REPORTING BANKS.

JUNE 3 0 » 1975.

THE N U M B E R O F B A N K S IN T H I S T A B L E D I F F E R S FROM T H O S E IN M O S T O T H E R
H A D O U T S T A N D I N G G O ' S ON THE LAST S U R V E Y R E D U C E D T H C I K O U T S T A N D I N G S

TABLES TO THE EXTENT THAT BANKS
TU Z E R O O N T H I S S U R V E Y .

THAT

TABLE 50
PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
26 JUL 197b TO 2b OCT 1978
(NUMBER UP BANKS)

TOTAL DEPOSITS /2
(IN MILLIONS OF DOLLARS)

REDUCED
CD'S 25%
TO
OR
ZERO MORE

DECLINES OF
20
TO
25%

15
TO
20%

ALL BANKS ISSUING
CD'S

10

INCREASE OF
5
TO

10%

5%
OR
LESS

15

23

24

TO
15%

NO
CHANGE

5%
OR
LESS

5
TO
10%

33

35

19

19

14

37

10
TO
15%

15
TO

20%

20
TO
25%

25%
OR
MORE

ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE

UNDER 500

0

2

1

2

6

8

7

2

9

7

5

4

5

14

0

500 - 1000

0

4

0

1

5

6

7

0

9

12

3

7

2

9

0

1000 - 5000

0

4

1

2

4

6

7

0

9

11

11

8

6

14

0

GVfck 5000

0

0

0

1

0

1

3

0

B

5

0

0

1

0

0

IN NEW YORK CITY

0

0

0

1

0

1

1

0

2

2

0

0

0

0

0

OUTSIDE NEW YORK CITY

0

0

0

0

0

0

2

0

4

3

0

0

1

0

0

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




ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30» 1975.

sswass.!;—»-

#

#

#

#

#

#

#

#

#

TABLE 5E
CHANGE IN OUTSTANDING hfEGOTlABLE TIME CERTIFICATES OF DEPOSIT 1/
UVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING UF THE PERIOD
27 SEP 1976 TO 25 OCT 1978
(NUMBER OF BANKS)
TOTAL ASScTS 2/
(IN MILLIONS i F DOLLARS)

DECLINES OF
3%
AND
OVER

2
TU
3%

I
TO
2%

INCREASES OF
1*
AND
LESS

NO
CHANGE

1%
AND
LESS

1
TO
2%

2
TO
3*

3%
ANU
OVER

ALL BANKS ISSUING
CD'S

3

9

29

56

4

66

31

24

14

UNDER 500

1

3

12

21

2

14

b

8

4

500 - 1000

0

1

10

21

0

17

9

4

3

1000 - 5000

1

3

6

i3

2

31

9

11

7

OVER 5000

1

2

1

1

0

4

7

1

0

IN NEW YORK CITY

0

I

0

i

0

0

4

X

0

OUTSIDE NEw YORK CITY

I

I

1

0

0

4

3

0

0

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY RtPORTING bANKS.
t/ TOTAL
N 0

"~




ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION UN JONE 30, I97i>.
1N

,H,i

,,,Lt

* "

r

o

u

L

«

«

»»<°»»»»>

T A B L T 5F
CHANGE
OVCR

IN 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
THE LAST

I/

THREE M O N T H S AS A PER C E N T OF TOTAL D E P O S I T S
AT THE B E G I N N I N G OF
26 JUL

THE PERIOD

1978 TO ZI) OCT

1978

(NUMBER OF B A N K S )
TOTAL

A S S E T S 2/

D E C L I N E S OF

(IN M I L L I O N S OF D O L L A R S )

ALL

BANKS
CD'S

5%
AND
OVER

4
TO
5%

3
TO
4%

I N C R E A S E S OF

2
TO
3%

1
TO
2%

1%
AND
LESS

NO
CHANGE

It
AND
ONDER

1
TO
2%

2
TO
3%

J
TO
4%

ISSUING
12

24

35

4
TO
5%

5%
AND
OVER

45

3B

23

18

11

22

U N D E R 500

1

0

1

3

9

12

1

11

11

5

4

500 - 1000

4

9

0

0

2

4

9

6

0

LO

9

7

5

2

3

3

5

13

0

14

13

10

7

5

10

V

c

1

2

u

4

5

1

2

0

0

1000 - 5 0 0 0
OVER

i

y

5000
IN N E W YORK CITY
O U T S I D E NEW YORK

CITY

0

0

0

2

0

1

0

1

2

0

1

0

0

0

0

0

0

1

1

0

3

3

1

1

0

0

1/ INCLUOfcS C E R T I F I C A T E S IN 0,:NOMINATIONS OF
t / TOTAL
N0Tfc

-




AiSETS

AS R E P O R T E D

S S k ^ . S !

IN THE: CALL

$ 1 0 0 , 0 0 0 OR M O R E ISSUED 6Y WFCFCKLY R k P O R T I N G b A N K S .

REPORT

DEPOSI^

0

1 N

OF C O N D I T I O N O N JUNE 3 0 , 1 9 7 b .
T H I i

,AtiLC

A K t

T 0 1 A L

D t M A N 0

A N D

T I M t

INCLUDING

TABLE 6A

°F

-

»»<*»

-

BY FEDERAL REStKVE DISTRICT
AS OF 25 OCT

1978

(AMOUNTS IN MILLIONS OF DOLLARS)
CD'S MATURING IN

6000.3

320.2

23678.7

NEW
YORK

PHILADELPHIA

CLEVELAND

1622.0

164.0

301.8

275.5

242.2

1115.9

1040.4

6556.3

1062.2

1256.7

792.9

630.8

14845.4

545.8

4641.6

568.6

888.2

467.9

1979 JAN

13933.2

412.4

4149.7

638.6

757.9

FEB

6994.0

175.3

^625.5

256.9

MAR

7750.6

163.4

2 72 0.4

8701.2

207.3

1406.6

JUN

1978 OCT Z6 - O C T 31

CHI-

CAGO

ST.

LOUIS

SAN

KANSAS
CITY

DALLAS

FRANCISCO

93.4

67.6

137.5

517.7

1142.3

3993 . 1

355 .6

228.7

613.4

1568.6

5176.0

546.0

2291.4

221.4

170.0

352.6

1167,4

2762.3

429.3

463.7

1803.2

212,1

246.7

305 . u

1064.6

3447.8

386.7

206.1

189.4

996.6

104.6

116.3

164.3

387.b

1160.8

218.8

483.4

234.0

225.2

1060.5

105.D

161.3

106 .6

646.4

16^1.1

3190.3

256.6

392.2

286.0

266.9

1526.6

68.8

111.4

106.6

662.9

1623.4

49.2

237.4

44.9

93.1

98.8

73.9

20?.5

24.0

51.4

6l. 6

1308.5

172.9

65.0

291.7

273.5

79.0

84.6

87.1

67.8

139.3

26.Z

JUL

16.2

37. j

1124.7

143.6

<66.7

29.6

211.9

32.9

55.7

3b.fr

69.5

144.5

AUG

20.0

4.7

32.6

268.0

1044.6

216.3

17.6

262.4

65.0

61.9

53.5

62.8

141.4

SEP

12.6

15.8

31.9

130.6

684.3

16a.9

17.2

192.1

21.2

37.9

19.5

44.8

155.8

12.7

7.8

<5.9

679.3

54.9

94.5

9.7

122.6

29.7

144.8

39.8

22.7

146. 7

10.4

7.0

20.4

4059.4

76.9

249.6

46.6

1340.4

102.2

202.2

31.1

115.1

653.6

21.9

25.2

69.6

246.4

1001.5

3303.1 28546.3

3560.b

5147.3

3060.3

3222.8

14378.3

1291.2

1234.3

2269.7

7110.8

19063.9

3.2

2.9

3.3

3.0

3.2

3.1

2.6

3.3

2.6

3.4

3.1

36

10

15

19

22

34

17

24

30

NOV
DEC

APR
MAY

OCT
NOV OR LATER
TOTAL *

92210.6

AVERAGE MATURITY
IN MONTHS 2/

3.2

NUMBER OF REPORTING
BANKS

236

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

RICHMOND
ATLANTA

13

BOSTON

M CL 1

ALL
DISTRICTS

TECHNICAL APPENDIX

3.0
13

ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY WEEKLY REPORTING bANKS.

B.

» DETAILS MAY NOT AOO TO TOTALS DUE TO ROUNOlNfa.




11

TAbLfc 6B
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATE* OF DEPOSIT SINCt PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 25 OCT 197o
1 AMOUNTS }N MILLIONS OF DOLLARS)
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

NOV

9962.2

447.7

DEC

*625.6

1979 JAN

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

1506.4

154.6

88.2

482.3

697.5

2494.9

34.7

33.7

114.7

199.3

402 .4

56.8

34.6

119.4

266.4

699.6

73

9.1

2.3

23.3

15.3

144.6

12.3

127

10.3

4.5

11.9

121.2

146.8

207.0

201 .0

1029

43.1

66.8

67.1

466. 1

1314.6

10.4

14.3

12.9

16.

1.6

10.5

17.5

15.0

6? • 2

14.4

15.0

17.9

3.1

27.

5.2

0.7

1.4

31.9

52.5

39.7

5.0

4.1

2.3

6.5

8. /

8.0

1.0

2.4

21.6

*7.6

0.5

4.6

2.6

0.3

2.4

3.6

2.4

0.0

0.5

0.4

4.3

20.1

64.2

1.0

6.8

2.7

7.7

6.2

12.2

12.1

1.6

0.2

1.1

7.7

465.7

**.7

10 .6

141.5

24.6

52.7

42.6

19.2

20.0

5.6

3.5

17.7

74.7

26895.3

72.6

939.9

6595.7

1129.6

1230.0

954.4

916.9

40*0.7

333.4

246.5

859.2

1943.2

5665.6

2.3

3.4

2.5

3.1

3.3

2.9

2.7

2.5

3.0

2.0

3.2

2.6

PHILAOELPHiA

CLEVELAND

2559.7

456.2

460.2

268.8

345.5

la9.2

733.6

193.8

146.1

122.0

105.4

600

4136.4

131.2

1239.3

194.5

153.9

181.6

180.4

65b

hEb

534.6

24 .9

121.7

27.7

36.1

41.6

14.8

MAR

1341.6

14.5

766. 5

*9.6

66.9

27.7

APR

6692.6

156.4

2901.1

165.5

274.6

MAY

216.0

7.5

29.6

13.0

J UN

221.1

2.5

49.4

UUL

131.0

3.7

AUG

41.7

SEP
OCT OR LATER
TOTAL *
AVERAGE MATURITY
IN MONTHS 3/
1/ SEt

3.0

NEW
YORK

RICHMOND
ATLANTA

•'

TECHNICAL APPENDIX A.

*/ INCLUDES ONLY CERTIFlCATES ISSUED IN DENOMINATIONS OF *100,000 OR MORt BY WEtKLY REPORTING BANKS.
1/ SEE ItCHNICAL APPENDIX 8.
• DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.


http://fraser.stlouisfed.org/
Federal#Reserve Bank of St.#Louis

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TAbLt 6C

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« « » » " ' " <* « « » » BY FEDERAL RESERVE DISTRICT
AS OF 25 OCT 197b
(PERCENTAGE DISTRIBUTION)

CD'S MATURING IN

ALL
DISTRICTS

1976 OCT 26 -OCT 31

—

BOSTON

NEW
YORK

—

PHILADELPHIA

CLEVELAND

RICHMOND
ATLANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

6.5

9.7

5.7

4.6

5.9

9.0

NOV

7.5

7.8

7.2

5.5

25.7

6.1

7.3

31.5

6.0

23.0

29.8

24.4

25.9

25.8

DEC

27.8

27.5

18.5

16.1

35.8

22.1

16.5

*7.1

17.0

16.5

17.3

15.3

1979 JAN

17.0

15.9

17.1

13.8

15.1

15.5

16.4

12.5

14.5

14.5

17.9

14.7

14.0

14.4

12.5

16,4

20.1

7.6

13.4

15.0

5.3

16.1

9.9

7.2

7.5

6.7

5.9

MAR

6.9

8.1

9.6

8.4

7.2

5.4

4.9

6.2

9.5

6.1

9.4

7.6

APR

7.0

7.4

8.2

9.4

13.1

4.8

6.3

9.1

8.5

11.2

7.2

7.6

9.3

8.3

MAY

10.6

5.3

9.0

1.5

4.6

9.3

1.5

8.5

0.6

1.3

1.6

3.2

2.3

JUN

1.4

1.9

4.2

1.4

2.7

2.4

2.0

1.5

1.0

2.2

1.6

2.6

2.1

1.0

Z.2

1.3

1.2

1.6

0.9

2.0

1.5

0.7

0.9

1.1

1.3

2.2

AUG

1.0

1.5

0.4

1.1

1.4

3.6

0.5

1.1

0.9

1.8

1.2

1.7

1.9

SEP

1.0

1.0

1.3

0.7

1.4

1.8

0.5

1.0

0.7

0.6

0.7

0.6

1.4

OCT

1.1

1.0

0.6

1.1

0.7

0.8

0.5

0.3

0.4

0.8

2.8

1.3

0.7

1.0

0.8

0.6

0.9

4.4

1.1

7.6

0.3

4.7

2.9

3.9

1.0

3.6

4.5

1.7

2.0

100.0

3.1

3.5

100.0

5.2

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

FEB

JUL

NOV OR LATER
TOTAL *
«• — —

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




TABLE 6U
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 25 OCT 197 8
(CUMULATIVE PERCENTAGE)
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

6.5

9.7

NOV

32.2

DEC

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

7.8

7 •c

5.5

6.1

7.3

6.0

33.3

35.6

34.7

24.0

41.9

29.4

33.1

50. c

50.3

51.5

51.8

37.8

57.4

45.8

47.6

62.3

64.2

64.7

64.0

66.2

57.9

70.6

60.8

65.7

76.0

69.6

70.9

70.6

70.9

76.3

67.5

78.0

66.2

71.9

79.6

82.1

79.2

78.5

77.6

78.3

64.5

60 . 6

62.8

75.3

80.4

66.7

90.8

89.3

86.6

87.8

85.9

bo.9

89.8

89.6

87.6

84.6

68.2

86.9

90.3

91.6

90.6

68 *6

91.0

68.2

90.3

91.7

93.8

90.3

67.0

90.4

JUN

91.7

90.2

92.6

92.8

90.2

93.8

90.3

91.3

93.9

95.1

91.9

89.0

91.9

JUL

92.9

91.1

93.3

93.7

91.3

95.1

92.5

92.3

95.4

95.5

93.3

92.8

93.0

AUG

94.0

91.6

94.2

95.5

92.5

96.8

94.4

93.3

96.4

96.6

94.7

94.6

94.0

SEP

94.7

92.1

94.9

96.1

93.2

97.4

95.8

94.4

97.4

97.4

95.8

95.4

94.5

OCT

95.4

92.4

95.3

96.9

96.0

96.7

96.5

95.4

96.2

98.0

96.7

96.5

100.0

100.0

94.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

NEW
YORK

PHILADELPHIA

CLEVELAND

5.7

4.6

5.9

9.0

7.5

41.2

28.7

34.4

30.3

34.9

48.3

57.7

45.7

50.9

47.6

1979 JAN

63.4

70.2

60.2

68.8

FEB

71.0

75.5

70.1

MAR

79.4

60.4

APR

88.8

MAY

1976 OCT 26—OCT 31

NOV OR LATER

100.0

RICHMOND ATLANTA

100.0

CHICAGO

1/ 1NCLU06S ONLY CfcRTIFlCATtS ISSUfcU IN DbNUMINATIONS Of- >100,000 OR MORE BY WfctKLY REPORTING OANKS.




#

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TABLt 6fc
l /

2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
MEEKLY REPORTING BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 25 OCT 197 8
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

NOV

37.1

47.6

DEC

10.5

1979 JAN

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

36.9

46.4

35.8

56.1

35.9

44.0

11.5

14.7

10.4

13.7

13.3

10.3

7.1

19.0

19.7

16.1

17.6

14.0

13.9

14.6

15.9

2.9

4.4

1.6

1.6

2.7

0.9

2.7

0.6

^ .6

2.6

5.6

2.9

1.3

3.1

3.1

1.6

1.4

6.2

2.6

33.6

14.7

2Z.3

21.7

21.9

25.2

12.9

27.1

7.6

24.0

23.2

0.8

0.3

1.2

0.6

1.5

1.4

0.4

0.5

4.3

2.0

0.8

1.2

0.8

0.3

0.6

1.3

1.2

1.9

0.3

0.7

1.6

0.3

0.2

1.6

0.9

0.5

0.4

0.5

0.4

0.3

0.2

0.7

0.2

2.4

0.4

0.3

1.1

0.5

AUG

0.2

0.1

0.1

0.2

0.0

0.3

0.4

0.1

0.0

0.2

0.0

0.2

0.4

SEP

0.3

0.1

0.1

0.2

u.6

0.6

1.3

0.3

0.5

o.i

0.1

0.4

0.4

OCT OK LATER

1.6

1.1

1.6

2.2

4.3

4.5

2.1

0.5

1.7

1.4

2.1

3.6

1.3

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

NEW
YURK

PHILADELPHIA

CLEVELAND

c9.6

40.4

37.4

30.3

37.7

14.6

6.5

17.2

11.9

12.8

15.4

14.0

14.4

17.2

1<.5

Ffcb

2.0

2.6

1.4

2.5

MAR

5.0

1.5

6.9

APR

25.6

16 .6

MAY

0.6

J UN
JUL

TOTAL *

RICHMOND
ATLANTA

CHICAGO

1/ SEE TECHNICAL APPENDIX A .
2/ INCLUDES ONLY C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY WEEKLY R E P O R T I N G B A N K S .
NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVt M A T U R E D .
» DETAILS MAY NOT ADD TO TOTALS DUE TU 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 comparable 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 current 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 d a t e — a r e 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 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.