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FEDERAL RESERVE G. 9 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 March 25 was $11.8 billion, an increase of $.9 billion since the February survey. A year ago all reporting banks had $18.8 billion of large denomination certificates outstanding. The certificates maturing on the April 15, June 10, and June 15 tax and dividend dates totaled $493 million, compared with $1,200 million for the corresponding survey a year ago. The average maturity of total certificates outstanding, at 4.1 months, was slightly longer than the average maturity reported for the February survey. For the comparable survey a year ago, average maturity for outstanding certificates was 3.4 months. The distribution of maturities by bank size is shown on the back of this release. OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ______LARGE COMMERCIAL BANKS, March 25, 1970 In millions Percentage Cumulative CD' Maturing in of dollars percentage distribution 1970--March 26-31 April 1/ May June 2/ July August September October November December 1971--January February March April or later 541.1 2,680.6 1,806.5 1,824.0 1,017.9 665.6 526.3 281.4 167.0 230.0 448.5 505.6 506.6 621.7 4.6 22.7 15.3 15.4 8.6 5.6 4.5 2.4 1.4 1.9 3.8 4.3 4.3 5.3 4.6 27.3 42.6 58.0 66.6 72.2 76.7 79.1 80.5 82.4 86.2 90.5 94.8 100.0 TOTAL 11,822.8 100.0 XXX JL/ 2/ Includes $259 million maturing on April 15. Includes $66 million maturing on June 10 and $168 million maturing on June 15. MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS By Size of, Ban-k%1/ (Amounts in millions of dollars, as" of March 25, 1970) T o t a 1 D e p o s i t: s Period of maturity 1970 March 26-31 April $200 million to $500 million $1 billion $500 million to $1 billion and over Total Cumulative total 88.5 377.1 91.6 400.8 306.9 1,709.7 541.0 2,680.6 13.7 28.7 35.1 181.7 259.2 146.5 147.9 264.5 252.9 243.5 250.9 1,151.9 1,172.3 1,806.4 1,824.0 June 10 June 15 8.3 9.2 6.1 21.0 11.2 28.6 40.3 108.8 65.9 167.6 July August September October November December 84.6 57.8 57.8 11.8 9.2 11.8 143.4 130.0 91.6 28.3 30.9 37.1 211.5 101.5 92.1 34.6 25.9 35.5 578.5 376.2 284.7 206.6 100.9 145.7 1,018.0 665.5 526.2 281.3 166.9 230.1 7,870.0 8,535.5 9,061.7 9,343.0 9,509.9 9,740.0 38.7 49.3 44.5 11.9 123.9 87.0 66.0 42.8 122.3 120.8 89.3 53.2 163.5 248.5 306.7 513.6 448.4 505.6 506.5 621.5 10,188.4 10,694.0 11.200.5 11,822.0 918.8 1,764.0 1,873.5 7,265.7 11,822.0 3.8 4.1 4.3 4.1 4.1 May June 1971 January February March April or later Total Average maturity (in months) Number of banks reporting 1/ / B a t \ k 2/ 54.0 193.0 April 15 2 Under $200 million of 89 82 48 37 541.0 3,221.6 5,028.0 6,852.0 256 Includes certificates in denominations of $100,000 or more issued by weekly reporting banks. Total deposits as reported in the Call Report of Condition on December 31, 1965. Details may not add to totals because of rounding.
@FedFRASER