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OF T stotistica FEDERAL RESERVE -TM -.LO library For inmediate release October 20, 1967 p£'. MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT Large commercial banks reported $19.9 billion outstanding in negotiable time certificates of deposit (CD's) in denominations of $100,000 or more as of September 27, 1967. This was $.8 billion less than the total on the last Wednesday of August. Practically all of the reduction was concentrated at the group of the largest banks. Included in the current survey are CD's totaling $1.3 billion maturing on December 11 and December 15, which are dividend and tax dates. The average maturity for all certificates, at 3.5 months, is slightly longer than for the August survey. A year ago the comparable survey total of outstanding CD's was $17.0 billion and the average maturity was 3.1 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, September 27, 1967 T CD's Maturing in In millions of dollars Percentage j distribution J Cumulative percentage 1967--September 28-30 October November December 1/ 607.8 4,520.0 2,662.9 3,942.3 3.1 22.7 13.4 19.8 3.1 25.8 39.2 59.0 1968--January February March April May June July August September October or later 2,433.7 1,276.3 1,241.5 711.0 398.7 492.7 374.0 359.4 255.9 622.4 12.2 6.4 6.2 3.6 2.0 2.5 1.9 1.8 1.3 3.1 71.2 77.6 83.8 87.4 89.4 91.9 93.8 95.6 96.9 100.0 19,898.6 100.0 Total 1/ Includes $215 million maturing on December 11 and $1,075 million maturing on December 15. Details may not add to totals because of rounding. (Over) MATURITY- DISTRIBUTION OP OUTSTANDING NEGOTIABLE TIME CERTIPIGATES OP DEPOSIT LARGE COMMERCIAL BANKS 1/ ' BySize of Bank (Amounts in millions of dollars, as of September 27, 1967) Period of maturity T o t a l D e p o s i t s of B a n k 2/ $200 million to $500 million $1 billion Total $200 million $500 million to $1 billion and over 1967 September 28-30 October November December December 11 December 15 1968 January February March April May June July August September October or later Total Average maturity (in months) Number of banks reporting 38.5 108.1 .210.9 1*0.9 ll*9* 0 82.5 572.8 318.* 3*5-9 7*5-1 *51.0 *60.7 378.7 2,991.2 1,752.5 2 ,986.6 *.0 16.7 25.0 169.8 13.5 38.5 63.9 959.* 91.0 229.0 159.0 152.5 11.9 20.7 35.3 5*. 3 38.* 376.2 239.6 235.0 110.3 *7.0 79.7 1,737.5 59.9 *6.7 23.8 76.8 817.8 807.3 500.1 607.8 *, 520.0 2 ,662.8 3,9*2.2 1*,166.5 15 ,**2.8 16,68*. 3 398.7 *92.5 37*. 0 359-* 255.8 17,395.3 17,79**0 18,286.5 18,660.5 19,019.9 19,275.7 19,898.0 711.0 68.2 2*. 1 66.2 61.9 *2.6 69.1 88.0 838.I 2 ,223.* 3, H*. 3 13,722.2 19,898.0 3.0 3.* 3-5 3*5 3.5 50 37 622.3 266 reporting banks. 2/ Total deposits as reported in the Call Report of condition on December 31, 19^5Details may not add to totals because of rounding. 7,790.6 11,732.8 2,*33.7 1,276.3 1 ,2*1 .5 13.8 8.8 12.1 10.1 8* 607.8 5 ,127.8 215.5 1,075.3 30*. 5 337.8 259.9 239.8 150.5 *58.0 95 Cumulative Total
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