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F E D E R A L R E S E R V E statistical release F o r immediate r e l e a s e September 23, 1977 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT G.9 The t o t a l of o u t s t a n d i n g n e g o t i a b l e time c e r t i f i c a t e s of d e p o s i t s (CD's) i n d e n o m i n a t i o n s of $100,000 o r more a t l a r g e Comm e r c i a l b a n k s a s of August 31, was $ 6 5 . 0 b i l l i o n . T h i s was $ 1 . 9 b i l l i o n more t h a n r e p o r t e d f o r t h e J u l y s u r v e y . A y e a r ago a l l r e p o r t i n g b a n k s had $ 6 5 . 9 b i l l i o n of l a r g e d e n o m i n a t i o n c e r t i f i cates outstanding. The c e r t i f i c a t e s m a t u r i n g on September 10 and September 15 t a x and d i v i d e n d d a t e s t o t a l e d $ 3 , 0 0 3 m i l l i o n compared w i t h $2,646 m i l l i o n f o r the corresponding survey a year ago. The a v e r a g e m a t u r i t y of t o t a l c e r t i f i c a t e s o u t s t a n d i n g was 3 . 3 months compared w i t h 3 . 3 f o r t h e p r e v i o u s s u r v e y . F o r t h e comparable s u r v e y a y e a r a g o , t h e a v e r a g e m a t u r i t y f o r o u t s t a n d i n g c e r t i f i c a t e s was 3 . 0 months. The d i s t r i b u t i o n of m a t u r i t i e s by bank s i z e i s shown on t h e b a c k of t h i s r e l e a s e . OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANK AUGUST 31, 1977 CD's M a t u r i n g i n 1977 August 31 September 1 / October November December 1978 J a n u a r y February March April May June July Augus t Over 12 months Total maturing In m i l l i o n of D o l l a r s .0 19,386.1 12,363.9 9,138.9 6,100.5 4,969.1 3,687.9 1,291.0 844.2 613.9 937.7 868.6 388.2 Percentage Distribution .0 29.8 19.0 14.1 9.4 7.6 5.7 2.0 1.3 .9 1.4 1.3 .6 4,412.3 6.8 65,002.2 100.0 on September 15. Cumulative Percentage .0 29.8 48.8 62.9 72.3 79.9 85.6 87.6 88.9 89.8 91.2 92.5 93.1 100.0 XXXX 10, and $ 1 , 6 8 6 m i l l i o n MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSITS LARGE COMMERCIAL BANKS By S i z e of Bank 1/ • (Amounts i n m i l l i o n s of d o l l a r s a s of August 31, 1977) T o t a l P e r i o d of Maturity Under $500 million A s s e t s $500 m i l l i o n t o $1 b i l l i o n of b a n k 2/ $1 b i l l i o n $5 b i l l i o n t o $5 b i l l i o n and o v e r TOTAL Cumulative Total 9 0.0 19,386.1 31,750.0 40,888.8* 46,989.3 51,958.3 55,646.3 56,937.3 57,781.5 58,395.5* 59,333.1 60,201.8 60,590.0 1977 August 31 September October November December 1978 J a n u a r y February March April May June July August September or l a t e r 0.0 1,225.8 583.3 412.4 232.7 182.7 125.3 42.1 40.4 39.4 75.5 38.6 32.5 0.0 2,184.3 1,018.7 733.8 491.6 455.8 273.0 121.7 86.0 93.8 125.6 106.3 70.1 0.0 6,482.4 3,519.9 2,653.7 1,679.2 1,333.8 1,044.9 457.4 343.0 242.4 275.4 296.2 139.9 0.0 9,493.6 7,242.0 5,338.9 3,697.0 2,996.7 2,244.8 669.8 374.8 238.4 461.1 427.6 145.7 0.0 19,386.1 12,363.9 9,138.8 6,100.5 4,969.0 3,688.0 1,291.0 844.2 614.0 937.6 868.7 388.2 92.5 130.2 779.6 3,410.0 4,412.3 TOTAL 3,123.2 5,890.9 19,247.8 36,740.4 65,002.3 65,002.3 • # * Average M a t u r i t i e s ( i n months) Number of b a n k s reporting _1/ 2.7 2.8 3.0 3.5 3.3 75 63 83 17 238 I n c l u d e s c e r t i f i c a t e s i n d e n o m i n a t i o n s of $ 100,000 o r more i s s u e d by weekly reporting banks. Digitized FRASER 2/ for T o t a l a s s e t s r e p o r t e d i n t h e CALL R e p o r t of C o n d i t i o n on J u n e 30, 1975. D e t a i l s http://fraser.stlouisfed.org/ may n o t add t o t o t a l s b e c a u s e of r o u n d i n g . Federal Reserve Bank of St. Louis •