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F E DE R A L RESERVE el e a s e 0.9 For immediate release November 22, 1966 MA' NEGOTIABLE On October 26, 1966, 257 weekly reporting large comnercd^l banks reported negotiable certificates of deposit (CD's) outstanding in denominations of $100,000 or more of $15*9 billion, a decline of $1.1 billion since the previous survey of September 28, 1966. Practically all of the decline was centered at very large banks (with deposits of $1 billion or more). About 54 per cent of all outstandings are scheduled to mature between the survey date and the end of the year. The September 28 survey showed about 50 per cent maturing by the end of the second month after the survey date. As In the August and September surveys, the faonth following the survey date shoved the largest maturities of any forthcoming month. November maturities were $4-2 billion or 26.6 per cent of total outstandings. In September, October maturities ‘were reported to be $5.2 billion or 30.7 per CMit of the total. The average maturity of all outstanding CD's was 3.2 moishs as compared to 3.1 months of September 28. The average maturity of CD's for nfcst bank else groups were unchanged or shorter. The $1 billion and over group reported a slightly longer average maturity and since these larger banks issued the greater proportion of all CD's outstandings, changes in these banks resulted in the slightly longer f* maturities for total outstandings. The distribution of maturities by bank size is shown on the back of this release. A revised September were minor. r 28, 1966 CD maturity survey Is attaci Outstanding Negotiable Time Certificates of Large Commercial Banks, October 26, 11 CD's Maturing in 1966— October 26-31 November December 1/ 1967— January February March April May June 1 July August September October November or later In millions of dollars 893-3 4,219-7 .3,483-2 2 ,326.0 905*8 971-4 795-5 364*5 332-9 254.5 211,0 203.2 176.2 - 753-8 > ‘e. 5-6 -26.6 21.9 14.7 5-7 6 .1. 5-0 .sit 5-6 32-2 ’ 54.1 [ l 2.3 2.1 1.6 ;• 1-3 1.3 1.1 . • 4.7 • k emulative percentage Percentage distribution . All revisions . 68.7 74-4 80.5 85-6 87-8 89-9 91-5, 92-9 94.1 95-3. 100.0 .15,891-0 ,ibo.0 • \ Total 11 ■* -f ry-» ■ , t |-i-- - ,|- ■ -f^ / __-, . •■.*.--l/ Includes $155 million maturing on December 9 and $586 million maturing on December 15. T MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS By Size of Bank l/* (Amounts In millions of dollars, as of October 26, 1966) -- r T o t a l Period of Maturity Deposits $200Million and under 1966 -October 26-31 Boredfisr Decesdg^r Dee.. 9 Dec*’ 15 • 1261 * januajir % n itoTvSky March. April ( May June . July a August; Septea>er ' October Wordd&r dr lataf Total * 3.6 13.6 x % j 1 > ! 108.8 117-5 597-6 532-2 655-9 3,109-2 2,481.8 893.3 4,219-7 3,W3-2 15-4 34.1 28.5 107.8 59-4 , 480.3 155.4 587.5 .282.0 367.8 153-1 1,567.4 110.9 52.0 537-1 263.O 200.6 129.9 - Total 93-8 374.4 348.3 125.6 108.6 29.0 52.0 132.0 37-4 29.9 49-9 24.6 581.6 660.6 63.0 49.1 28.3 31-5 26.4 15.6 65.2 106.0 612.8 1,735-8 * , 156.8 ' 148.0 122.6 108.7 893.3 5,113.0 8,596.2 \ 2,326.0 10,922.2 905.8 11,828.0 971.4 795-5 364.5 332.9 254.5 211.0 12,799-4 13,594.9 13,959-4 14,292.3 14,546.8 14,757-8 203.2 14,961.0 176.2 15,137-2 753-8 .J 2,376.1^ 11,166.3 Cumulatlv) total 15,891*0 15,891.0 ~~ - 3«2 88 3.2 3-* 83 - *9 3-2 3*1 37 CM Average Maturity (in mojtths) .1 Humber o P banks reporting B a n k -27------- $200 million to $500 million $1 billion $500 million to $1 billion and over 26.1 138.5 120.9 41.1 53-2 . 39-0 . •20.4 17-3 1&.5 • 8.5 3‘2 9.6 of 1/ Inelutes 4 hly negotiable certificates In denominations of $100,000 or more outstanding at weekly reporting large ccnaerclal banks. 2/ As reported In tbs Call Report of Condition of December 31,, 1965* Details may not add to totals because of rounding.
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