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FEDERAL

RESERVED

lla ijstic o l

release

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For immediate release
October 27, 1970

MATURITY DISTRtBtfflON OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
The total of outstanding negotiable time certificates of deposit (CD^)
in denominations of $100,000 or more at large commercial banks as of September 30
was $22.3 billion. This was $2.1 billion more than reported for the August survey.
A year ago all reporting banks had $10.6 billion of large denomination certificates
outstanding.
The certificates maturing on the December 10 and December 15 tax
and dividend dates totaled $501 million, compared with $329 million for the
corresponding survey a year ago.
The average maturity of total certificates outstanding was 2.9 months,
compared with 3.0 months for the previous survey. For the comparable survey a
year ago, the 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, September 30, 1970
CDfs Maturing in
1970— October
November
December 1/
1971— January
February
March
April
May
June
July
August
September
October or later
Total

In millions
of dollars

Percentage
distribution

8,196.8
4,529.9
3,245.1
894.5
720.1
1,085.8
1,140.0
400.9
474.1
398.2
306.8
490.6
411.7

36.8
20.3
14.6
4.0
3.2
4.9
5.1
1.8
2.1
1.8
1.4
2.2
1.8

22,294.5

100.0

Cumulative
percentage
36.8
57.1
71.7
75.7
78.9
83.8
88.9
90.7
92.8
94.6
96.0
98.2
100.0
XXX

J / Includes $170 million maturing on December 10 and $331 million matruing on
L
December 15.




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
By Size of Bank 1/
(Amounts in millions of dollars, as of September 30, 1970)

Period of
maturity
1970
October
November
December
December 10
December 15
1971
January
February
March
April
May
June
July
August
September
October or later
Total

T o t a l
D e p o s i t s o f b a n 1 2/
k
Under
$200 million to $500 million $1 billion
$200 million $500 million
to $1 billion and over

Total

487.5
273.7
195.6

1,022.1
645.9
438.4

1,320.6
710.1
508.5

5,366.5
2,900.1
2,102.5

8,196.7
4,529.8
3,245.0

7.1
11.3

16.1
23.8

17.8
48.2

128.9
248.1

169.9
331.4

83.1
74.7
98.3
75.7
57.3
54.5
42.5
27.3
40.9
17.2

220.5
129.8
155.0
142.3
94.9
116.1
84.2
64.2
76.4
62.7

200.3
157.6
184.2
157.4
82.6
100.0
88.7
50.5
76.7
66.2

390.6
357.9
648.4
764.7
166.0
203.5
182.7
164.8
296.6
265.6

894.5
720.0
1,085.9
1,140.1
400.8
474.1
398.1
306.8
490.6
411.7

1,528.3

3,252.5

3,703.4

13,,809.9

Cumulative
total

22,294.1

8,196.7
12,726.5
15,971.5

16,866.0
17,586.0
18,671.9
19,812.0
20,212.8
20,686.9
21,085.0
21,391.8
21,882.4
22,294.1

Average maturity
3.0
2.9
2.7
3.3
3.5
(in months)
lumber of banks
255
37
82
48
88
reporting
1/ 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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102