Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : April 22, 1971

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FEDERAL

RESERVE

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r e l e a s e

RESERVE

G. 9

For immediate release
April 22, 1971

MATURITY DISTRIBUTION OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
The total of outstanding negotiable time certificates deposit (CD's)
in denominations of $100,000 or more at large commercial banks as of March 31
was $27.5 billion, the same as reported for the previous month's survey.
A year ago all reporting banks had $11.8 billion of large denomination certificates
outstanding.
The certificates maturing on April 15 totaled $1,286 billion and on
June 10 and June 15 tax and dividend dates totaled $890 million compared with
$259 and $234 million respectively for the corresponding survey a year ago.
The average maturity of total certificates outstanding was 3.4 months
compared with 3.2 months for the previous survey. For the comparable survey a
year ago, the average maturity for outstanding certificates was 4.1 months.
The distribution of maturities by bank size is shown on the back of
this release.

OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS, March 31, 1971
CD's Maturing in

1971—April 1/
May
June
2^/
July
August
September
October
November
December
1972--January
February
March
April or later
Total
1/
2/

Cumulative
percentage

In millions
of dollars

Percentage
distribution

8,450.1
4,216.4
4,150.1
2,128.3
1,566.5
1,661.9
1,115.9
821.7
880.5
778.9
464.5
748.9
539.3

30.7
15.3
15.1
7.7
5.7
6.0
4.1
3.0
3.2
2.8
1.7
2.7
2.0

30.7
46.0
61.1
68.8
74.5
80.5
84.6
87.6
90.8
93.6
95.3
98.0
100.0

27,522.8

100.0

XXX

Includes $1,286 billion maturing on April 15.
Includes $251 million maturing on June 10 and $640 million maturing on
June 15.




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
By Size of Bank 1/
(Amounts in millidps of dollars as of March 31, 1971)

Period of
maturity
1971
April
April 15
May
June
June 10
June 15
July
August
September
October
November
December
1972
January
February
March
April or later
Total
Average maturity
(in months)
Number of banks
renortine
21

2/
of
b a n k
D e p o s i t s
T o t a l
$1
billion
$500
million
$200
million
to
Under
to $1 billion and over
$200 million $500 million

#
Cumulative
total

(

Total

8,450.0^

633.8

1,173.0

1,441.1

5,202.1

8,450.0

45.1

72.9

123.3

1,044.5

1,285.8

335.8
300.8

686.4
728.2

719.5
762.2

2,474.7
2,358.7

4,216.4
4,149.9

20.2
20.3

41.8
49.9

28.6
94.9

160.0
474.4

250.6
639.5

121.9
111,3
107.1
53.9
42.0
32.4

325.7
221.8
204.2
120.2
93.8
83.2

313.8
217.0
256.2
127.8
147.5
124.4

1,366.8
1,016.2
1,094.3
813.9
538.4
640.5

2,128.2
1,566.3
1,661.8
1,115.8
821.7
880.5

18.944.5
20,510.8
22.172.6
23,288.4*
24,110.1
24,990.6

36.9
29.3
27.8
24.8

62.0
30.1
40.3
52.2

106.3
78.9
75.5
112.5

573.4
326.1
605.2
349.6

778.6
464.4
748.8
539.1

25,769.2
26,233.#
26.982.4
27.521.5

1,857.8

3,821.1

4,482.7

17,359.9

27,521.5

2.9

2.9

3.2

3.6

3.4

84

84

50

37

12,666.4
16,816.3

•

255

£otal'deposits as reported in the Call Report of Condition on December 31, 1965.
Details may not add to totals because of rounding.




•