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This release summarizes the results of the quarterly survey of the maturity structure of negotiable time certificates of deposit outstanding in denominations of $100,000 or more as of the May 18, 1966 survey date. Of the 344 weekly reporting member banks surveyed, 243 reported they had $17*7 billion of these large denomination certificates outstanding. On the February 16, 1966 survey date, 250 banks reported total outstandings of $16.4 billion. Nearly 75 per cent of these maturities, $13*3 billion, fall due during the 5“l/2 month period ending in October 1966. The largest monthly total, $3*9 billion, will mature during June when corporate needs for funds for tax and dividend payments will be heavy. The average maturity of outstanding CD's as of the May 18 survey was 3.8 months. This compares to an average maturity of 3*3 months for the February survey. A maturity distribution of certificates outstanding by size of bank is shown on the back of this release. Outstanding Negotiable Time Certificates of Deposit Weekly Reporting Member Banks May 18, 1966 Period of maturity 1966— May 19-31 June l/ July August September October November December 1967 --January February March April May June or later In millions of dollars Percentage distribution 1 ,119.0 3 ,924.9 6.3 22.1 2,716.9 2 ,016.0 2 ,113.2 1,391-8 827.1 794.6 15.3 11.4 6.3 28.5 43.8 55-2 11.9 7.8 67 .I 74.9 4.7 79-6 84.1 4.5 205.8 702.4 | 88.7 90.6 4.6 1.9 2.3 2.0 1.2 4.0 819-9 332-6 407-0 352.5 Cumulative percentage 92.9 94.9 96.0 100.0 1 Total 17,723.7 100.0 . 1/ Includes $321 million maturing on June 10 and (Over) $718 million on June 15 MATURITY DISTRIBUTION OF OUTSTANDING LE TIKE CERTIFICATES OF DEPOSIT By Size of Bank 1/ (Amounts in millions of dollars, as of May 18, 1966 ) Period of maturity T o t a l Under $100 million Dei)0 s i t s of B a n k 2/ $100 million to $200 million to $500 million to $500 million $1 billion $200 million $1 billion or more 1966 May 19-31 June 18.7 46.3 22.7 93.9 June 10 June 15 2.8 5-7 16.1 64.8 July August September October November December 29-2 16.1 22.9 67-9 42.0 25.5 24.3 296.3 14.4 11.1 8.2 1967 January February March April May June or later Total Number of banks reporting Total "1 834.3 2,762.4 1 ,119.0 3 ,924.9 41.7 72.0 255.5 320.9 717.5 166.5 424.7 264.1 276.1 11.2 155-8 73-0 75.3 188.5 111.5 92.0 1 ,898.8 1,529.8 1 ,622.2 1 ,008.8 612.3 13-6 63.9 6.4 7-8 87-7 58 .O 4.3 19.2 121.8 439.6 121.5 16.6 164.0 582.7 6.7 4.2 6.2 2.7 10.9 1 .1 4.7 32.9 47.4 42.0 12.1 7.3 27*6 110.6 80.1 195.1 377-7 1 ,801.2 55 51 66 59.7 50.4 32.4 558.9 607.9 648.0 231.1 285.9 246.5 155.5 Cumulative total 1 j1,19• 5,O43. < 0 --- 7 ,760.8 2 ,716.9 2,016.0 2 ,113.2 11 ,890.0 1,391.8 827.1 794.6 13,281.8 14,108.9 14,903-5 819.9 332.6 16 ,056.0 407-0 352.5 205.8 476.8 702.4 2,429-4 12 ,920.3 17,723.7 4l 30 243 9,776.8 15,723-4 16,463.0 16,815.| ) 17 ,021 . 1 7 ,723.7 1/ Includes only negotiable certificates in denominations of $100,000 or more outstanding at weekly reporting banks. 2/ As reported in the Call Report of Condition of June $0, 1964.
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