Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : January 26, 1976

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FEDERAL

RESERV

statistical

release
For immediate release,
January 26, 1976

G.9

MATURITY DISTRIBUTION OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

The total of outstanding negotiable time certificates of
deposits (CD's) in denominations of $100,000 or more at large com­
mercial banks as of December 31, was $83.0 billion. This was the
same as reported for the November survey. A year ago all reporting^
banks had $92.4 billion of large denomination certificates outstanding.
The certificates maturing on March 10, March 15, and April
15 tax and dividend dates totaled $3,037 billion compared with $2,624
billion for the corresponding survey a year ago.
The average maturity of total certificates outstanding was
2.6 months compared with 2.7 for the previous survey. For the com­
parable survey a year ago, the average maturity for outstanding
certificates was 2.0 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, 1975

CD's maturing in
1975

December 31

1976

January
February
March 1/
April
May
June
July
August
September
October
November
December
Over 12 months
Total

1/




In millions
of dollars

Percentage

Cumulative

.0

.0

.0

31,527.1
15,419.0
12,417.5
6,961.4
4,371.9
4,726.6
1,227.6
1,034.5
824.8
963.2
687.8
801.0

38.1
18.6
15.0
8.4
5.3
5.7
1.5
1.2
1.0
1.2
.8
1.0

38.1
56.7
71.7
80.1
85.4
91.1
92.6
93.8
94.8
96.0
96.8
97.8

1,853.8

2.2

100.0

82.816.2

100.0

XXX

Includes $648.7 million maturing on March 10, $1,775.5 million on
March 15, and $613.1 million on April 15.

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSITS

LARGE COMMERCIAL BANKS
By Size of Bank 1/
(Amounts in millions of dollars as of December 31, 1975)

Period of
maturity

1975

December 31

1976

Under $200
million

of

b a n k 2/

$200 million tc $500 million $1 billion
$500 million to $1 million and over

Cumulative
Total

Total

0.0

0.0

0.0

0.0

0.0

0.0

January
February
March

1,552.4
636.5
588.2

3,446.3
1,343.7
1,155.6

4,459.0
1,952.2
1,628.3

22,069.3
11,486.5
9,045.2

31,527.0
15,418.9
12,417.3

31,527.0
46,945.9
59,363.2

March 10
March 15

15.9
55.4

42.8
144.2

48.7
196.2

541.4
1,379.7

648.8
1,775.5

260.8

600.5

943.0

5,157.1

6,961.4

April 15

18.1

69.3

62.0

463.6

613.0

May
June
July
August
September
October
November
December

187.1
204.2
58.4
39.6
42.9
46.0
35.9
41.2

369.1
408.1
97.1
89.5
74.8
70.3
76.5
59.2

596.8
517.0
183.9
136.0
144.3
169.9
89.8
112.4

3,218.8
3,597.2
888.1
769.4
562.7
676.9
485.6
588.1

4,371.8
4,726.5
1,227.5
1,034.5
824.7
963.1
687.8
800.9

70,696.4
75,422.9
76,650.4
77,684.9
78,509.6
79,472.7
80,160.5
80,961.4

January
or later

111.0

86.9

205.9

1,450.0

1,853.8

82,815.2

3,804.2

7,877.6

11,138.5

59,994.9

82,815.2

2,6

2,3

2.5

2.6

2.6

83

77

50

37

247

April

1977

T o t a 1 D e p o s i t s

Total

Average Maturity
(in months)

Number of banks
reporting

66,324.6

1/

Includes certificates in denominations of $100,000 or more issues 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.