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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.