Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : September 12, 1969

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FEDERAL

RESERVE
r e l e a s e

G.9

For immediate release
September 12, 1969

MATURITY DISTRIBUTION OF OUTSTANDING
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 July 30 was
$13.5 billion compared with $15.3 billion reported for the June 25 survey. A year
ago all reporting banks had $21.4 billion of large denomination certificates out­
standing.
The certificates maturing on the September 10 and September 15 tax and
dividend dates totaled $483 million, compared to $686 million for the corresponding
survey a year ago.
The average maturity of total certificates outstanding,at 3.5 months, was
slightly longer than the average maturity reported for the June 25 survey. For the
comparable survey a year ago, average maturity for outstanding certificates was 3.8
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, Jul.y 30, 1969
Percentage
In millions
CD's Maturing in
distribution
of dollars

Cumulative
percentage

1969— July 31
August
September 1/
October
November
December

199.9
3,020.8
2,494.6
1,956.8
1,124.5
1,470.0

1.5
22.3
18.4
14.5
8.3
10.9

1.5
23.8
42.2
56.7
65.0
75.9

1970--January
February
March
April
May
June
July
August or later

1,331.5
303.7
269.3
347.4
201.7
197.1
257.4
364.0

9.8
2.2
2.0
2.6
1.5
1.5
1.9
2.7

85.7
87.9
89.9
92.5
94.0
95.5
97.4
100.0

13,538.5

100.0

XXX

TOTAL

1/ Includes $167 million maturing on September 10 and $316 million maturing on

Details may not add to totals due to rounding.




0

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
By Size of Bank

1/

(Amounts in millions of dollars, as of July 30 , 1969)

Period of
maturity
1969
July 31
August
September

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

14.9
268.1
219.6

41.7
568.1
462.9

44.4
566.2
522.7

98.8
1,618.3
1,289.5

Total

Cumulativ(
total

199.8
3,020.7
2,494.7

199.8
3,220.5
5,715.2
t

September 10
September 15
October
November
December
1970
January
February
March
April
May
June
July
August or later
TOTAL
Average maturity
(in months)

11.4
16.6

23.3
51.1

35.9
58.2

96.4
190.2

167.0
316.1

172.8
94.6
116.9

354.9
248.8
252.8

412.7
218.7
316.4

1,016.3
562.4
783.9

1,956.7
1,124.5
1,470.0

7,671.9
8,796.4
10,266.4

131.8
12.5
20.8
20.5
13.5
12.5
11.2
4.0

225.9
51.2
38.1
47.7
31.0
36.3
19.2
33.4

293.0
58.3
45.9
76.2
39.1
27.2
53.9
58.9

680.9
181.7
164.4
202.9
118.0
121.0
173.1
267.5

1,331.6
303.7
269.2
347.3
201.6
197.0
257.4
363.8

11,598.0 ,
11,901.7
12,170.9
12,518.2
12,719.8
12,916.8
13,174.2
13,538.0

1,113.7

2,412.0

2,733.6

7,278.7

13,538.0

3.0

3.1

3.4

3.7

3.5

o

Number of banks
92
52
85
37
266
reporting
1/ Includes certificates in denominations of $100,000 or more issued by weekly reporting
banks.

2/ Total deposits as reported in the Call Report of Condition on December 31, 1965,
Details may not add to totals because of rounding.




O