The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
%E D E R A L statistical G. 9 RESERVE release For immediate release February 9, 1970 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT The total of outstanding negotiable time certificates of deposit (CD’s) in denominations of $100,000 or more at large commercial banks as of December 31 was $10.9 billion, compared with $11.3 billion reported in the previous month’s survey. A year ago all reporting banks had $23.5 billion of large denomination cer tificates outstanding. The certificates maturing on the March 10, March 16, and April 15 tax and dividend dates totaled $297 million, compared with $1,286 million for the correspond ing survey a year ago. The average maturity of total certificates outstanding, at 3.1 months, was slightly shorter than the average maturity reported for the November survey. For the comparable survey a year ago, average maturity for outstanding certificates was also 3.1 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, --, December ----------- ---31, - 2_1969 Percentage In millions CD’s Maturing in distribution of dollars 33.2 1970--January 3,605.2 February 15.0 1,630.0 March 1/ 13.7 1,487.9 April 2/ 9.7 1,055.1 7.2 May 778.3 7.7 June 833.4 3.0 July 322.7 1.4 August 147.2 2.1 September 230.9 2.1 October 232.7 1.2 126.1 November 1.6 December 175.6 2.2 242.6 January or later TOTAL 10,867.7 100.0 Cumulative percentage 33.2 48.2 61.9 71.6 78.8 86.5 89.5 90.9 93.0 95.1 96.3' 97.9 100.0 XXX 1/ Includes $54 million maturing on March 10 and $181 million maturing on March 16. 2/ Includes $63 million maturing on April 15. MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS By Size of Bank . * I*- JL/ (Amounts in millions of dollars, as of December 31, 1969) T o t a 1 Period of maturity 1970 January February March March 10 March 16 April April 15 May June July August September October November December 1971 January or later TOTAL D e p o s i t :s of Bank 2/ Under $200 million to $500 million $1 billion to $1 billion and over $200 million $500 million Total Cumulativ total 3,605.0 5,235.0 6,722.8 298.4 124.2 144.7 504.8 299.2 218.0 612.0 263.2 271.6 2,189.8 943.4 853.5 3,605.0 1,630.0 1,487.8 6.9 7.3 5.4 18.5 11.1 24.3 30.3 130.6 53.7 180.7 82.9 165.8 203.2 603.1 1,055.0 5.1 11.7 24.0 22.1 62.9 72.9 82.2 23.5 10.2 11.0 5.0 6.3 5.2 165.1 148.9 26.1 21.2 53.1 25.1 18.3 29.2 145.8 161.4 65.5 17.0 37.4 27.3 15.1 26.7 394.4 440.8 207.7 98.8 129.2 175.2 86.5 114.4 778.2 833.3 322.8 147.2 230.7 232.6 126.2 175.5 8.1 32.7 39.6 162.2 242.6 10,866.9 874.6 1,707.5 1,885.8 6,399.0 7,777.8 8,556.0 9,389.3 9,712.1 9,859.3 10,090.0 10,322.6 10,448.8 10,624.3 10,866.9 Average maturity 3.0 2.7 3.1 3.1 3.1 (in months) Number of banks 49 37 261 91 84 reporting 1/ Includes certificates in denominations of $100,000 or more issued by weekly reporting banks. 2/ Total deposits as reported in the Call Report of Condition on December 31, 1965. Details may not add to totals because of rounding. 1
@FedFRASER