Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : September 20, 1973

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FEDERAL

J - U a 1

f?

RESERVE

statistical
iB8t^£E MB K W ® *

G.9

release
For immediate release
September 20, 1973

MATURITY DISTRIBUTION OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSITS

The total of outstanding negotiable time certificates of deposits
(CD's) in denominations of $100,000 or more at large commercial banks as of
August 29, was 69.7 billion. This was $6.2 billion more than reported for
the July survey. A year ago all reporting banks had $41.1 billion of large
denomination certificates outstanding.
The certificates maturing on September 10 and September 17 tax and
dividend dates totaled $4,487 billion compared with $3,185 billion for the
corresponding survey a year ago.
The average maturity of total certificates outstanding was 2.5 months
compared with 2.6 months for the previous survey. For the comparable survey a
year ago, the average maturity for outstanding certificates was 2.9 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, AUGUST 29, 1973

CD's Maturing in
1 9 7 3 — A u g u s t 30-31
September 1J
October
November
December
1974—January
February
March
April
May
June
July
August
September or later
TOTAL
ll

Percentage
distribution

Cumulative
percentage

2,844.3
24,075.5
16,373.6
9,210.2
5,326.6

4.1
34.5
23.5
13.2
7.6

4.1
38.6
62.1
75.3
82.9

3,440.4
1,450.9
1,387.4
1,067.8
719.9
892.0
659.1
684.7
1,566.9

4.9
2.1
2.0
1.5
1.0
1.3
.9
1.0
2.2

87.8
89.9
91.9
93.4
94.4
95.7
96.6
97.6
100.0

69,699.4

100.0

XXX

In millions
of dollars

Includes $1,992 billion maturing on September 10, and $2,496 billion maturing
on September 17.




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
By Size of Bank 1/
(Amount in millions of dollars as of August 29, 1973

Period of
maturity

1973--August 30-31
September
Sept. 10
Sept. 17
October
November
December
1974--January
February
March
April
May
June
July
August
September or
later
Total

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

Total

Cumulative
total

2,844.3
26,919.7

123.2
1,026.5

322.3
2,742.4

491.7
3,636.3

1,907.1
16,670.2

2,844.3
24,075.4

71.4
83.2

211.8
257.2

386.6
369.4

1,321.7
1,785.7

1,991.5
2,495.5

629.9
444.6
238.9

1,845.0
1,089.8
628.7

2,866.6
1,688.5
845.2

11,032.0
5,987.3
3,613.8

16,373.5
9,210.2
5,326.6

43,293.2
52,503.4
57,830.0

218.1
132.4
68.0
70.0
58.1
59.0
47.2
42.7

511.8
244.7
140.7
183.3
113.2
90.5
100.9
51.2

495.1
239.2
192.1
212.7
160.3
117.1
69.7
54.3

2,215.4
834.6
986.7
601.7
388.3
625.4
441.2
536.5

3,440.4
1,450.9
1,387.5
1,067.7
719.9
892.0
659.0
684.7

61,270.4
62,721.3
64,108.8
65,176.5
65,896.4
66,788.4
67,447.4
68,132.1

121.0

128.7

329.6

987.4

1,566.7

69,698.8

3,279.6

8,193.2

11,398.4

46,827.6

69,698.8

Average maturity
2.5
2.4
2.5
2.5
3.0
(in months)
Number of banks
260
37
50
85
88
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.