Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : July 25, 1973

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FEDERAL

RESERVE

statistical

release

For immediate release
y
M e 25, 1973
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 commercial
banks as of June 27, was $59.3 billion. This was $4 million more
than reported for the May survey. A year ago all reporting banks had
$35.9 billion of large denomination certificates outstanding.
The certificates maturing on September 10 and September 17
tax and dividend dates totaled $1,762 billion compared with $1,324 billion
for the corresponding survey a year ago.
The average maturity of total certificates outstanding was
2.6 months compared with 2.5 months for the previous survey. For the
comparable survey a year ago, the average maturity for outstanding
certificates was 3.2 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 27, 1973

CD's Maturing in
1973--June
July
August
September 1/
October
November
December
1974--January
February
March
April
May
June
July or later
TOTAL
1/




In millions
of dollars

Percentage
distribution

Cumulative
percentage

3,161.9
22,086.6
11,056.9
8,165.0
3,074.9
2,392.4
2,597.2

5.3
37.3
18.7
13.8
5.2
4.0
4.4

5.3
42.6
61.3
75.1
80.3
84.3
88.7

1,298.2
556.4
945.4
946.8
658.0
694.5
1,626.9

2.2
.9
1.6
1.6
1.1
1.2
2.7

90.9
91.8
93.4
95.0
96.1
97.3
100.0

59,261.4

100.0

XXX

Includes $763 million maturing on September 10, and $998 million
maturing on September 17.

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 27, 1973)
Period of
maturity
1973 — June 28-30
July
August
September
Sept. 10
Sept. 17
October
November
December
1974--January
February
March
April
May
June
July or
later
Total

Total
]D e p o s i t s
o f b a n k T 7-------Under
$200 million to $500 million $1 billion
$200 million $500 million
to $1 billion and over

Total

Cumulative
total

169.0
1,056.4
515.2
356.8
24.4
33.5
171.1
141.1
161.1

373.8
2,637.7
1,290.7
908.4
74.6
83.3
448.1
329.1
373.9

694.1
3,489.6
1,888.1
1,248.5
133.8
144.9
630.8
405.6
389.6

1,925.0
14,902.9
7,362.8
5,651.3
530.4
736.7
1,825.0
1,516.6
1,672.7

3,161.9
22,086.6
11,056.8
8,165.0
763.2
998.4
3,075.0
2,392.4
2,597.3

3,161.9
25,248.5
36,305.3
44,470.3

80.8
67.2
58.1
62.7
56.1
54.5

246.3
118.5
124.6
163.6
100.7
77.6

175.5
117.7
165.2
183.3
154.8
103.2

795.5
253.1
597.5
537.2
346.4
459.1

1,298.1
556.5
945.4
946.8
658.0
694.4

53,833.1
54,389.6
55,335.0
56,281.8
56,939.8
57,634.2

99.3

141.0

283.2

1,103.3

1,626.8

59,261.0

3,049.4

7,334.0

9,929.2

38,948.4

59,261.0

Average maturity
(in months)
3.0
2.7
2.7
2.6
2.5
Number of banks
reporting
90
50
262
85
37
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.




47,545.3
49.937.7
52,535.0