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,Qf GOV/-'. FEDERAL IIIH RESERVE statistical release F o r immediate r e l e a s e J u l y 25, 1978 f*AL G. 9 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT The t o t a l of o u t s t a n d i n g n e g o t i a b l e t i m e c e r t i f i c a t e s of d e p o s i t s (CD's) i n d e n o m i n a t i o n s of $100,000 o r more a t l a r g e commercial banks a s of June 28, was $ 8 7 . 4 b i l l i o n . T h i s was $ 1 . 4 b i l l i o n more t h a n r e p o r t e d f o r t h e May s u r v e y . A y e a r ago, a l l r e p o r t i n g banks had $ 6 4 . 0 b i l l i o n of l a r g e d e n o m i n a t i o n c e r t i f i cates outstanding. The c e r t i f i c a t e s m a t u r i n g on September 10 and September 15 t a x and d i v i d e n d d a t e s t o t a l e d $ 1 , 7 8 0 m i l l i o n compared w i t h $1,443 m i l l i o n f o r the corresponding survey a year ago. The a v e r a g e m a t u r i t y of t o t a l c e r t i f i c a t e s o u t s t a n d i n g was 3 . 2 months and 3 . 2 months f o r t h e p r e v i o u s s u r v e y . For t h e c o m p a r a b l e s u r v e y a y e a r ago, t h e a v e r a g e m a t u r i t y f o r o u t s t a n d i n g c e r t i f i c a t e s was 3 . 2 months. The d i s t r i b u t i o n of m a t u r i t i e s by bank s i z e i s shown on t h e b a c k of t h i s r e l e a s e . OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS JUNE 28, 1978 CD's M a t u r i n g i n 1978 J u n e 29 - 30 J u l y 1/ August September October November December January February March April May June 1979 Over 12 months Total 1/ In Millions of D o l l a r s Percentage Distribution 3,195.6 25,804.2 14,320.0 10,392.5 9,144.8 6,937.8 7,087.5 1,532.3 858.7 965.5 1,089.5 838.6 719.4 3.7 29.5 16.4 11.9 10.5 7.9 8.1 1.8 1.0 1.1 1.2 1.0 .8 3.7 33.2 49.6 61.5 72.0 79.9 88.0 89.8 90.8 91.9 93.1 94.1 94.9 4,558.6 5.2 100.0 87,445.1 100.0 XXX Cumulative Percentage I n c l u d e s $819 m i l l i o n m a t u r i n g on September 10 and $962 m i l l i o n m a t u r i n g on September 15. t % MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSITS LARGE COMMERCIAL BANKS By S i z e of Bank 1/ (Amounts i n m i l l i o n s of d o l l a r s a s of June 28, 1978 r T o t a l P e r i o d of Maturity 1978 1979 Under $500 million A s s e t s o E $500 m i l l i o n t o $1 b i l l i o n b a n k 2/ $1 b i l l i o n $5 b i l l i o n t o $5 b i l l i o n and o v e r TOTAL Cumulative Total June 2 9 - 3 0 July August September October November December January February March April May June July or l a t e r 258.9 1,358.0 669.3 494.9 246.4 204.4 195.7 89.0 48.4 54.4 49.8 42.0 50.0 443.0 2,707.5 1,462.0 1,012.8 573.0 509.4 499.1 234.4 144.5 113.9 96.9 80.8 98.6 1,362.6 7,700.7 4,200.4 2,949.6 2,114.9 1,621.0 1,805.7 487.1 265.4 509.4 380.3 335.8 278.4 1,131.0 14,038.0 7,988.4 5,935.1 6,210.5 4,603.1 4,586.9 721.9 400.5 287.8 562.5 380.1 292.4 3,195.5 25,804.2 14,320.1 10,392.4 9,144.8 6,937.9 7,087.4 1,532.4 858.8 965.5 1,089.5 838.7 719.4 3,195.5 28,999.7 43,319.8 53,712.2 62,857.0 69,794.9 76,882.3 78,414.7 79,273.5 80,239.0 81,328.5 82,167.2 82,886.6 125.9 167.2 806.3 3,459.2 4,558.6 87,445.2 Total 3,887.1 8,143.1 24,817.6 50,597.4 87,445.2 2.7 2.7 3.0 3.4 3.2 Average M a t u r i t i e s ( i n months) 1 I , J j Number of b a n k s reporting 74 65 83 17 239 I 1/ I n c l u d e s c e r t i f i c a t e s i n d e n o m i n a t i o n s of $100,000 or more i s s u e d by weekly r e p o r t i n g banks. 2/ T o t a l a s s e t s r e p o r t e d i n t h e C a l l R e p o r t of C o n d i t i o n on June 30, 1975. n o t add t o t o t a l s b e c a u s e of r o u n d i n g . D e t a i l s may #
@FedFRASER