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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.