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FEDERAL
RESERVE
statistical release
• f*4L
For immediate release
September 25, 1978

G. 9

MATURITY DISTRIBUTION OF OUTSTANDING
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

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 30, was $89.2 billion. This was $1.9
billion more than reported for the July survey. A year ago, all
reporting banks had $65•0 billion of large denomination certificates outstanding.
The certificates maturing on September 10 and September 15
tax and^dividend dates totaled $3,671 million compared with $3,003
million for the corresponding survey a year ago.
The average maturity of total certificates outstanding was
3.2 months and 3.3 months for the previous survey. For the comparable survey a year ago, the average maturity for outstanding certificates was 3.3 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 30, 1978
In Millions
of Dollars

CD's Maturing in
1978 August 31
September
October
November
December
1979 January
February
March
April
May
June
July
August

1/

Over 12 months
Total

1/

Percentage
Distribution

Cumulative
Percentage

1,505.5
23,031.9
18,771.8
10,973.2
9.049.3
9.186.7
5,751.3
1,458.4
1,427.8
1,110.8
899.9
934.9
831.1

1.7
25.8
21.0
12.3
10.1
10.3
6.4
1.6
1.6
1.2
1.0
1.0
.9

1.7
27.5
48.5
60.8
70.9
81.2
87.6
89.2
90.8
92.0
93.0
94.0
94.9

4,272.8

4.8

100.0

89,205.3

100.0

XXX

Includes $1,649 million maturing on September 10 and $2,022 million
maturing on September 15.




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSITS
LARGE COMMERCIAL BANKS
By Size of Bank 1/
(Amounts in millions of dollars as of

August 30, 1978)
r

T o t a 1

B a n

k

2/

$5 billior
$1 billion
to $5 billion and over

Cumulative
Total

$500 million
to $1 billion

1978 August 31
September
October
November
December
197.9 January
February
March
April
May
June
July
August
September
or later

154.1
1,409.5
781.5
473.9
325.7
317.0
154.0
70.1
72.5
71.5
66.2
63.0
52.1

242.1
2,976.6
1,701.0
1,080.2
702.5
670.2
467.4
199.2
124.8
115.5
137.0
137.4
114.7

539.4
7,994.8
5,218.6
3,186.3
2,647.4
2,784.3
1,556.0
699.1
535.7
423.3
365.8
335.8
265.9

569.9
10,701.1
11,070.8
6,232.7
5,373.7
5,415.2
3,573.9
490.0
694.8
491.4
330.9
398.7
398.4

1,505.5
23,032.0
18,771.9
10,973.1
9,049.3
9,186.7
5,751.3
1,458.4
1,427.8
1,110.7
899.9
934.9
831.1

1,505.5
24,537.5
43,309.4
54,282.5
63,331.8
72,518.5
78,269.8
79,728.2
81,156.0
82,266.7
83,166.6
84,101.5
84,932.6

106.3

233.2

707.3

3,225.9

4,272.7

89,205.3

Total

4,117.4

8,901.8

27,218.7

48,967.4

89,205.3

2.8

2.8

3.0

3.4

3.2

72

65

83

17

Average Maturities
(in months)

Number of banks
reporting

2/

of

Under $500
million

Period of
Maturity

1/

A s s e t s

TOTAL

237

Includes certificates in denominations of $100,000 or more issued by weekly reporting
banks.
Total assets reported in the Call Report of Condition on June 30, 1975. Details may
not add to totals because of rounding.