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FEDERAL

inn

statistical

G.9

RESERVE
r e l e a s e
F o r immediate r e l e a s e ,
March 4 , 1977

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 time 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 J a n u a r y 26, was $ 6 2 . 2 b i l l i o n . T h i s was
$ 3 . 7 b i l l i o n l e s s t h a n r e p o r t e d f o r t h e December 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 $ 7 6 . 3 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 c a t e s outstanding.
The c e r t i f i c a t e s m a t u r i n g on March 10, March 15, and
A p r i l 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 $ 2 , 9 2 8 m i l l i o n compared
with $4,146 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 . 0 months compared w i t h 2 . 9 f o r t h e p r e v i o u s s u r v e y . F o r t h e
comparable 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 2 . 7 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 BANK JANUARY 26, 1977

CD's m a t u r i n g i n
1977 J a n u a r y 2 7 - 3 1
February
March 1/
A p r i l 2/
May
June
July
August
September
October
November
December
1978 J a n u a r y
Over 12 months
TOTAL

In m i l l i o n
of d o l l a r s

Percentage

Cumulative

4,298.5
17,974.0
11,179.3
8,672.9
5,012.5
4,212.1
3,148.1
1,324.1
921.6
698.9
570.6
629.6
500.4

6.9
28.9
18.0
14.0
8.1
6.8
5.1
2.1
1.5
1.1
.9
1.0
.8

6.9
35.8
53.8
67.8
75.9
82.7
87.8
89.9
91.4
92.5
93.4
94.4
95.2

3,015.9
62,158.6

4.9
100.0

100.0
XXX

1 / I n c l u d e s $661 m i l l i o n m a t u r i n g on March 10, and $ 1 , 3 9 8 m i l l i o n m a t u r i n g on
March 15.
2 / I n c l u d e s $870 m i l l i o n m a t u r i n g on A p r i l 15.



MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSITS
LARGE COMMERCIAL BANKS
By S i z e of Bank JL/
(Amounts i n m i l l i o n s of d o l l a r s a s of J a n u a r y 26, 1977

T o t a
Under $500
million

A s s e t s
$500 m i l l i o n
t o $1 b i l l i o n

1977 J a n u a r y 2 7 - 3 1
February
March

241.4
935.7
537.0

403.5
1,793.8
1,079.3

1,264.1
5,400.1
3,231.6

2,389.6
9,844.5
6,331.5

4,298.6
17,974.1
11,179.4

March 10
March 15

19.3
39.3

24.9
66.6

186.9
440.8

429.9
850.9

661.0
1,397.6

April
A p r i l 15

391.1
22.9

835.6
28.7

2,374.3
292.7

5,072.0
525.1

8,673.0
869.4

42,125.1

May
June
July
August
September
October
November
December

194.0
161.2
144.6
59.3
76.3
34.5
26.0
26.3

348.8
311.2
243.6
117.0
93.0
62.5
78.1
61.7

1,124.1
954.8
1,023.1
342.7
390.9
267.0
195.7
209.0

3,345.6
2,785.0
1,736.7
805.1
361.3
334.9
270.9
332.5

5,012.5
4,212.2
3,148.0
1,324.1
921.5
698.9
570.7
629.5

47,137.6
51,349.8
54.497.8
55,821.9
56,743.4
57,442.3
58,013.0
58,642.5

23.7

34.5

166.8

275.4

500.4

59,142.9

64.6

89.2

597.2

2,264.9

3,015.9

62,158.8

2,915.7

5,551.8

17,541.4

36,149.9

ii 2 , 1 5 8 . 8

2.7

2.6

2.9

3.2

3.0

75

62

82

17

236

P e r i o d of
Maturity

1978 J a n u a r y
February
or l a t e r
TOTAL

Average M a t u r i t i e s
( i n months)
Number of b a n k s
reporting

of
b a n k
2/
$1 b i l l i o n t o ? 5 b i l l i o n
$5 b i l l i o n
and o v e r

TOTAL

Cumulative
Total
4,298.6
22,272.7
33,452.1

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 o r more i s s u e s by weekly
reporting banks.
2/ T o t a l a s s e t s a s r e p o r t e d i n t h e CALL R e p o r t of C o n d i t i o n on J u n e 30, 1975. D e t a i l s
may 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 .