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^ VUfUU 1.1ij^ l j E. 8 i. i .XX'... y Z fa ■ t^ For immediate release March 3, 19^6 \ -VV. RES'■V-'- MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 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 February l6 surve^d&^e. Of the 344 weekly reporting member banks surveyed, 2.50 reported these large denomination certificates outstanding for a total of $16.4 billion. At the time of the previous survey in November 1965, 245 banks also reported $16.4 billion outstanding. About four-fifths of these maturities, $13* 2 billion, fall due during a five-month period ending in -“‘fl * 1066. The largest monthly total, $4.1 billion, will mature ubaring March. MUmtk corporate noodi for funds for tax and dividend payments will be heavy. The approximate average maturity of outstanding CD* s as of the February 16 survey date is 3*3 months compared to a 3.4 average at the time of the November survey. Outstanding Negotiable Time Certificates of Deposit Weekly Reporting Member Banks February 16, i 960 Period of maturity 1966— February 17-28 March 1/ April May June July August September October November December 1967— January February March or later In millions of dollars Percentage distribution 1,275-3 4,112.1 3,039-5 1,827-3 1,539.7 1 ,383-3 816.1 595-8 7.8 25.1 7-8 32.9 51.5 62.7 9-4 7 2 .1 80.6 85.7 18.6 11.2 8.5 5-2 3-6 1.9 1-5 .1.4 302.2 250.6 233-6 1.8 0.8 3.2 286.1 136.8 527.6 Cumulative percentage 89.4 91.2 92.8 94.2 95-9 96.8 100.0 • Total 16,356.3 100.0 1 __________________ 1/ Includes $339 million maturity on March 10 and $749 million on March 15 . E TIMS CERTIFICATES OF DEPOSIT MATURITY DISTRIBUTION OF OUTSTANDING Ni By Size of Bank 1/ * (Amounts in millions of dollars, as of February l6 , Period of maturity T o t a l Under $100 million D e p o s i t s of B a n k $100 million to $200 million to $500 million $200 million 1966) 2/ $500 million to $1 billion $1 billion or more Total Cumulative total 1,275.3 4,112.1 1,275-3 5 ,387 .1* 1966 February 17-28 Due on Mar. 10 Due on Mar. 15 April May June July August September October November December Total Number of banka reporting 938.0 2,940.1 93.7 20.3 120.5 481.5 3-5 6.2 11.5 li.i* J4O .8 36.0 73-6 622.2 749.4 33.7 £9-0 62.7 36.6 1*57-6 256-5 2 ,206.8 26.2 13-2 278.7 161.8 203.1 231-8 32.5 23*1 9*3 8.1 7.9 7-6 142.2 72.3 56.4 45.4 193-0 107.7 58-9 42-9 3,039.5 1 ,827.3 1,539.7 1 ,383-8 846.1 595-6 9.1* 2.9 37-2 9*3 7.6 2.6 2.6 3-4 1967 January February March or later 188.1 March 550.0 8.1* 1*1.8 26.2 38.6 35.6 36.0 247.3 1,342.8 1,042.0 1,002.9 633-7 463-4 203.2 338-7 302.2 44.3 177.9 139.7 ' 250.6 233-6 44.7 41.9 79.5 179.7 75.9 322.5 286.1 136.8 5-7 2.1 7-2 23.6 46.6 14.0 94.8 192.8 379-9 1 ,782.1 2,332.9 11,668.6 16,356.3 56 67 • 4l 30 250 56 • f V 527-6 — 8,426.9 10,254.2 11,793.9 13,177.7 14,023-8 14,619.4 14,921.6 15,172.2 15,405.8 15,691.9 15,828.7 16,356.3 i 1/ Includes only negotiable certificates in denominations of $100,000 or more outstanding at -weekly reporting member banks. 2/ As reported in the Call Report of Condition of June 30, 1964.