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G.9 For immediate release February 24 , 1967 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSITS On January 25, 19&7, 259 weekly reporting large commercial banks reported negotiable certificates of deposits (CD*s) outstanding in denomina tions of $100,000 or more of $17*9 billion, an increase of $2.2 billion since the previous survey on December 28, 1966. About three fourths of the increase was accounted for by very large banks (with deposits of $1 billion or more) that issue the greatest volume of these certificates. | As in the previous four monthly surveys, the month following the survey date showed the largest amount maturing. However, the proportion: of the total outstanding maturing in the months immediately following the survey date was reduced. For the December survey hi per cent matured before the end of January and 55 per cent before the end of February. For the January survey date only 29 per cent matured before the end of February and only 48 per| cent were scheduled to mature before the end of March. • The average maturity of all outstanding CD*s was 3*7 months as compared to 3*0 months as of December 28. Average maturities lengthened for all bank size groups but the increase was greatest for the largest banks, from 3*0 to 3*8 months. The 3.7 months average maturity is the longest reported since monthly surveys were begun in June 1966 . The distribution of maturities by bank size is shown on tne bjack of this release. Outstanding Negotiable Time Certificates of Deposit Large Commercial Banks, January 25, 1967 CD's Maturing in 1967 — January 26-31 February March l/ April May June July August September October November December In millions of dollars 1,290.3 3 ,965-0 3,3T6.4 2,234.0 1 ,001.0 1 ,310.0 1 ,067.6 550.8 580.0 Total 60.9 66.5 73-8 79-8 82.9 6.0 3.1 3-3 1 6 1 .7 0.9 1 7 ,850.4 7.2 29.4 48.4 12.5 5.6 7-3 2.6 358.9 907.1 February or later Cumulative percentage 7.2 22.2 18.9 462.2 585 .lt 1968— January Percentage distribution 3 .3 2.0 5-1 100.0 86.1 88 .7 89.6 , 92.9 94.9 100.0 . 1/ Includes $149 million maturing on March 10 and $522 mi H i o n maturing on March 15« (Over) ■ B H H M B M N IH I MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS By Size of Bank l/ (Amounts in millions of dollars, as of January 25, Period of maturity M r January 26-31 February March March 10 March 15 April May June July ^*£ugust September •^October November December 2/ Total Under $200 million to $500 million |$1 billion $200 ml H i on $500 million to $1 billion! and over T o t a l D e p o s i t s of Total Average maturity (in months) Number of banks reporting B a n k 1 30.4 152.6 130.5 2.1 18.5 99-9 58.9 58.6 46.9 19-2 9-3 12.9 5-3 105.3 181.6 297-4 625.9 530.2 394.6 9-2 . 29-7 275-7 117.3 156-3 144.0 42.4 45.0 58.1 28.1 21.3 55.4 17-3 46.4 i 973.0 1,290.3 2,791-9 j 3 ,965-0 3 ,376.4 2,418.4 25.8 112.1 47.1 426.8 522.2 375-6 1,482.7 2,234.0 1 ,001.6 1 ,310.6 1 ,067.6 161.6 197-8 179-6 45-9 73-4 69.4 23.4 • 69.2 1968 January February or later 1967) 663.2 897.3 697.1 1,290.3 5,2550 8,631.7 10,865.7 439-4 161.7 585.11 11,866.7 13 ,176.7 14,244.3 14,795-1 15,375.1 15,837-3 15,999.0 16,584.4 23O.O 726.1 358.9 9 074 16,943-3 17,850.4 443.3 452.2 321.8 1 104.9 550.8 580.0 462.2 67.5 65.2 102.6 673-9 1 ,833.5 2,701.4 12,641.6 17 ,850.14- 3-4 3.8 3.5 3-8 3 .'7 83 1 149-!3 10.8 91 Cumulative! total 48 37 ! 259 _______ l/ Includes only negotiable certificates in denominations of $100,000 or more outstanding at weekly reporting large commercial banks. 2/ As reported in the Call Report of Condition of December Details may not add to totals because of rounding 31 , 1965-
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