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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 # • # # » e # # TAbLt 6C """"" « « » » " ' " <* « « » » 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. # # # # # # # # # # 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.