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.mm.- FEDERAL ^Tgoverno^x ^ 1 nil _£-ta_tis t i c a I LIBRARY G. 17 RESERVE release For immediate r e l e a s e March 2 , 19-70 RESERVE'S^' MATURITY DISTRIBUTION OF EURO-DOLLAR DEPOSITS IN FOREIGN BRANCHES OF U . S . BANKS 0 % 0 The a v e r a g e m a t u r i t y of E u r o - d o l l a r d e p o s i t s i n f o r e i g n b r a n c h e s of U . S . b a n k s was 2 . 0 months on December 31, 1969, compared t o 2 . 1 months a t t h e end of November. The a v e r a g e m a t u r i t y of d e p o s i t s e x c l u d i n g o v e r n i g h t and c a l l d e p o s i t s was 2 . 3 months a t t h e end of December, down from 2 . 4 months a t t h e end of November. The d e c l i n e i n a v e r a g e m a t u r i t y of d e p o s i t s i n December r e f l e c t e d b o t h a r e d u c t i o n i n t h e volume of o v e r n i g h t and c a l l d e p o s i t s f r o m t h e h i g h November l e v e l s , and a l s o a f u r t h e r s h o r t e n i n g of o t h e r d e p o s i t m a t u r i t i e s . At t h e end of December a l m o s t 48 p e r c e n t of t h e E u r o - d o l l a r d e p o s i t s i n f o r e i g n b r a n c h e s were e i t h e r c a l l d e p o s i t s o r m a t u r e d w i t h i n one month; t h e c o r r e s p o n d i n g f i g u r e f o r t h e end of O c t o b e r was 40 p e r c e n t . E u r o - d o l l a r d e p o s i t s a t f o r e i g n branches t o t a l e d $24.7 b i l l i o n a t y e a r - e n d , down o n l y s l i g h t l y f r o m November. MATURITY OF EURO-DOLLAR DEPOSITS IN FOREIGN BRANCHES OF U . S . BANKS (End of month) M a t u r i t y of l i a b i l i t y Cumulative Oct. Nov. Dec. TOTAL 0.78 1.80 1.80 1.80 1.48 1.46 3.4 11.2 7.2 14.4 6.0 11.9 6.60 4.46 4.08 1.27 1.56 0.85 0.32 0.44 0.31 0.13 0.10 0.15 7.15 5.19 3.68 1.76 0.96 1.08 0.46 0.31 0.18 0.11 0.15 0.10 8.90 4.28 3.72 1.11 1.10 1.30 0.33 0.18 0.15 0.16 0.09 0.15 39.7 59.0 76.6 82.1 88.8 92.5 93.9 95.8 97.1 97.7 98.1 98.7 42.9 63.7 78.4 85.4 89.3 93.6 95.4 96.7 97.4 97.8 98.4 98.8 47.9 65.2 80.3 84.7 89.2 94.5 95.8 96.5 97.1 97.8 98.2 98.8 0.29 0.29 0.30 100.0 100.0 100.0 23.16 Overnight Call Other l i a b i l i t i e s , maturing in following months a f t e r r e p o r t d a t e : F i r s t c a l e n d a r month Second Third Fourth Fifth Sixth Seventh Eighth Ninth Tenth Eleventh Twelfth M a t u r i t i e s of more than 1 year Note: Amounts i n b i l l i o n s of d o l l a r s Dec. Nov. Oct. 25.02 24.72 D e t a i l s may n o t add t o t o t a l s due to r o u n d i n g .
