Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : July 18, 1968

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For immediate release
July 18, 1968

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"

Si-v ^ E ^ ^ f r U R I T Y DISTRIBUTION OF OUTSTANDING
"NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

Large commercial banks reported $19.3 billion outstanding negotiable time
certificates of deposit (CD's) in denominations of $100,000 or more as of June 26.
This was $.2 billion less than the total reported for the previous monthly survey
as of May 29, and $.1 billion more than the comparable survey a year ago.
The current survey showed certificates maturing on the September 10 and
September 16 tax and dividend dates totaled only $587 million, compared to $1
billion maturing on the September 11 and September 15 tax and dividend dates of
the June 1967 survey.
The average maturity for the total certificates outstanding, at 3.3 months,
was slightly longer than the average maturity reported for the May 29 survey. A
year ago the average maturity was 3.5 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, June 26, 1968
CD's Maturing in

1968—June 2 7 - 3 0
July
August
September 1/
October
November
December
1969r-January
February
March
April
May
June
July or later
Total
1/

Percentage
distribution

Cumulative
percentage

843.1
5,360.9
2,993.5
2,664.2
1,453.0
1,385.0
1,867.3
657.1
351.6
296.3
325.9
265.7
344.2
460.8

4.4
27.8
15.5
13.8
7.5
7.2
9.7
3.4
1.8
1.5
1.7
1.4
1.8
2.4

4.4
32.2
47.7
61.5
69.0
76.2
85.9
89.3
91.1
92.6
94.3
95.7
97.5
100.0

19,268.6

100.0

In millions
of dollars

Includes $232 million maturing on September 10 and $355 million maturing on
September 16.
Details may not add to totals because of rounding.




(Over)

*

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
By Size of Bank 1/
(Amounts in millions of dollars, as of June 26, 1968)

Period of
maturity

T o t a l

D e p o s i t s

of

B a n k

2/

Total

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

Cumulative
Total
4

1968
27 - 30
June
July
August
September

70.0
272.1
155.5
149.8

145.9
653.6
425.0
344.5

182.4
936.4
520.9
486.9

444.8
3,498.8
1,892.1
1,683.1

843.1
5,360.9
2,993.5
2,664.3

September 10
September 16

5.0
12.9

11.5
28.7

19.8
54.1

196.1
258.7

232.4
354.4

80.7
63.9
75.2

166.9
186.7
223.2

289.9
259.3
292.5

915.4
875.2
1,276.3

1,452.9
1,385.1
1,867.2

13,314.7 .
14.699.8*
16,567.0

24.2
8.7
12.7
17.9
12.5
7.5
3.5

83.5
42.1
31.1
31.5
30.3
18.9
40.6

114.2
76.6
62.9
38.4
47.9
62.4
71.5

435.1
224.0
189.6
238.0
174.9
255.5
345.2

657.0
351.4
296.3
325.8
265.6
344.3
460.8

17,224.0
17,575.4
17,871.7 ™
18,197.5
18,463.1
18,807.4
19,268.2

954.2

2,423.8

3,442.2

12,448.0

19,268.2

i

October
November
December
1969
January
February
March
April
May
June
July or later
Total

843.1
6,204.0
9,197.5 ,
11,861.8

Average maturity
3.3
3.0
3.2
3.4
2.7
(in months)
Number of banks
264
86
50
37
91
reporting
JL/ 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 1965.
Details may not add to totals because of rounding.