Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : December 1, 1965

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E.8

For Immediate release
December 1, 1965
MATURITY DISTRIBUTION OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

This release summarizes the results of the quarterly survey
of the maturity structure of negotiable time certificates of deposit
outstanding in denominations of $100,000 or more as of the November IT
survey date. Of the 3 ^ weekly reporting member banks surveyed, 245
reported these large denomination certificates outstanding for a total
of $16.4 billion. At the time of the previous survey in August, 249
banks reported $16.0 billion outstanding.
Nearly three-fourths of these, or $12.2 billion, mature during
a four-month period ending March 1966. The largest monthly total, $3*5 bil­
lion, will mature during December when corporate needs for funds for tax
and dividend payments will be heavy. The approximate average maturity
of outstanding CD's as of the November 17 survey date is 3 .5 months
compared to a 3.9 average at the time of the August survey.
Outstanding Negotiable Time Certificates of Deposit
Weekly Reporting Member Banks
November 17, 1965

Period of maturity

1965— November 18-30
December 1/

1966— January
February
March
April
May
June
July
August
September
October
November
December or
later
Total

In millions
of dollars

987.O
3>502.3
3 ,430.7
2,297-6
l,983-2
1,214.5
662.4

Percentage
distribution

6.0

6.0

21.4

27.4

120.7

21.0
14.0
12.1
7.4
4.1
2.8
2.5
1.5
2.1
1.1
0.7

543.3

3*3

16,367.6

100.0

458.8
403.4
240.9

350.4
172.4

Cumulative
percentage

48.4

62.3
74.5
82.2
86.0
88.8
91-3
92.7

94.9
95.9

96.7
100.0

l/ Includes $219 million maturing on December 10 and $9^5 million on
December 15*



MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
By Size of Bank 1/
(Amounts in alllions of dollars, as of November 17, 1965)

Period of
maturity

Total
Under
$100 million

November 18-30
December

8.7
38.8

D e posits

of

Bank

2/

$100 million to $200 ml111on to $500 million to
$200 million
$300 million
$1 billion

$1 billion

Cumulative
total

or more
694.2

19.9

126.5
429.9

137.7

560.8

2 ,392.8

64.9

318.4
191.3
201.1
119.5
69.O
97.0
49.0
28.3
43.1
35-8

470.3
258.3
248.1
221.4
135.3
83.O
72.5

2,551-8
1,791.9
1,477-5
818.7
426.8
252.1

5.8

15.0

17.0

163.3
259.0
99.2
80.2

7.8

23-5

86.1

63.5

185-4

372.7

1 ,810.0

0.2
8.3

7.5
2.6

21.2
51.3

55

52

67

80.0

Total

O
987.O
-3,502.3

987.O
4,489.3

1266
January
February
March
April
May
June
July
August
September
October
November
December or
later
Total
Due on:
Dec. 10
Dec. 15
Number of banks t
reporting

25*3
17.3
24.9
18.6
12.4
9.0
7.0
3-5

6.9
2.5
2.7

38.8
31.6
36.3
I8.9

17*7

16.3
7.3
6.6
5.1

3,430.7
2,297-6
1,983.2
1,214.5
662.4
458.8
403.4
240.9

7,920.0

10,217.6

120.7

12,200.8
13,415.3
14,077.7
14,536.5
14,939-9
15,180.8
15,531.2
15,703.6
15,824.3

362.4

543.3

16,367*6

2,371.0

11,628.5

16,367.6

36.8
110.1

152.8
772.8

218.5
945.1

41

30

245

38.5
34.8
29.8

258.6

350.4

172.4

O

'... - '

$100.00
1/ Includes only negotiable certificates In denoml nations of $
1< 000 or more outstanding at weekly reporting member banks.
2/ As rep
in the Call Report of Condition of June 30 , 19a