Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : March 12, 1970

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FEDERAL

RESERVE

kc a I

release

For immediate release
March 12, 1970

G.9

MATURITY DISTRIBUTIGirDF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
The total of outstanding negotiable time certificates of deposit (CD's)
in denominations of $100,000 or more at large commercial banks as of January 28
was $10.5 billion, compared with $10.9 billion reported in the December survey.
A year ago all reporting banks had $21.0 billion of large denomination certificates
outstanding.
The certificates maturing on the March 10, March 16, and April 15 tax and
dividend dates totaled $478 million, compared with $1,466 million for the correspond­
ing survey a year ago.
The average maturity of total certificates outstanding, at 3.4 months,
was slightly longer than the average maturity reported for the previous month's
survey. For the comparable survey a year ago, average maturity for outstanding
certificates was 3.5 months.
The distribution of maturities by bank size is shown on the back of this

OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
______LARGE COMMERCIAL BANKS, January 28, 1970
Cumulative
Percentage
In millions
CD's Maturing in
distribution
percentage
of dollars
1970--January 29-31
4.7
495.5
4.7
February
22.0
26.7
2,300.5
March 1/
16.1
42.8
1,690.1
April 2/
60.1
1,817.5
17.3
834.6
May
8.0
68.1
June
76.8
916.1
8.7
8.6
July
85.4
900.1
August
1.6
87.0
167.9
September
2.1
218.5
89.1
October
2.3
91.4
238.5
November
134.6
1.3
92.7
December
1.9
94.6
199.3
1971--January
3.0
97.6
315.3
February or later
2.4
100.0
249.5
TOTAL

10,477.9

100.0

XXX

_1/ Includes $63million maturing on March 10 and $194 million maturing on March 16.
2/ Includes $221 million maturing on April 15.




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS

0

By Size of Bank 1/
(Amounts in millions of dollars, as of January 28, 1970)

Period of
maturity
1970
January 29-31
February
March
March 10
March 16

Total
D e p o s i t s j o f B a n k 2/
Under
$200 million to $500 million $1 billion
$200 million
$500 million to $1 billion and over

Total

Cumulative
total

23.3
183.5
164.7
7.2
10.1

64.7
392.1
247.6
8.0
22.6

51.4
388.5
298.8
13.2
24.0

356.1
1,336.3
978.9
34.0
136.9

495.5
2,300.4
1,690.0
62.4
193.6

495.5
2,795.9
4,485.9

118.3

233.0

267.3

1,199.0

1,817.6

6,303.5

April 15

7.2

19.6

31.9

161.8

220.5

May
June
July
August
September
October
November
December

77.9
89.1
78.7
11.9
11.4
5.4
6.3
7.0

172.2
170.6
135.1
23.8
35.4
27.0
25.0
34.3

152.0
169.1
208.1
19.2
39.1
27.9
15.4
30.4

432.4
487.2
478.1
112.9
132.6
178.2
87.9
127.5

834.5
916.0
900.0
167.8
218.5
238.5
134.6
199.2

9,340.3
9,578.8
9,713.4
9,912.6

25.3
8.4

91.5
31.4

65.1
37.1

133.2
172.5

315.1
249.4

10,227.7
10,477.1

811.2

1,683.7

1,769.4

6 ,212.8

10,477.1

April

1971
January
February or later
TOTAL

7,138.0
8,054.0
8,954.0
9 ,121.8

'
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'

Average maturity
3.2
3.6
3.5
3.4
3.4
(in months)
Number of banks
82
49
37
256
88
reporting
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.




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