Full text of G.9 Maturity Distribution of Outstanding Negotiable Time Certificates of Deposit at Large Commercial Banks : September 27, 1968

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FEDERAL
statistical

i»

G

-9

/

RESERVE

release

For immediate release
September 2 7, 1968

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' l i U ' A K ' y '
1ATURITY DISTRIBUTION OF OUTSTANDING

N

/

^5«fi£SEiiVE-S^ ®EGOTIABLE

TIME

CERTIFICATES OF DEPOSIT

The total of outstanding negotiable time certificates of deposit (CD's) in
denominations of $100,000 or more for large commercial banks as of August 28 was
$22.3 billion, the largest amount outstanding since the survey first began. This
was $.9 billion more than the total reported for the previous monthly survey of
July 31, and $1.6 billion more than the comparable survey a year ago.
The current survey showed certificates maturing on the September 10 and
September 16 tax and dividend dates totaled $810 million. The August 30, 1967
survey showed a total of $1,459 million maturing on the tax and dividend dates of
September 11 and September 15.
The average maturity for the total certificates outstanding, at 3.7 months,
was slightly shorter than the previous months survey. A year ago the average
maturity was 3.4 months.
The distribution of maturities by bank size is shown on the back of
this release.
Outstanding Negotiable Time Certificates of Deposit
i ~CD's Maturing in
1968—August 29-31
September 1/
October
November
December
1969—January
February
March
April
May
June
July
August
September or later
Total
1/

In millions
of dollars

Percentage
distribution

Cumulative
percentage

429.0
4,626.5
3,518.9
2,645.6
3,081.6
2,939.9
1,255.4
798.8
656.3
422.1
599.3
466.7
270.9
595.1

1.9
20.7
15.8
11.9
13.8
13.2
5.6
3.6
2.9
1.9
2.7
2.1
1.2
2.7

1.9
22.6
38.4
50.3
64.1
77.3
82.9
86.5
89.4
91.3
94.0
96.1
97.3
100.0

22,306.3

100.0

Includes $280 million maturing on September 10 and $530 million maturing on
September 16.
Details may not add to total because of rounding.




(Over)

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS

•

By Size of Bank 1/
(Amounts in millions of dollars, as of August 28, 1968)

Period of
maturity
1968
August 29-31
September
September 10
September 16
October
November
December
1969
January
February
March
April
May
June
July
August
September
or later
Total

T o t a l

D e p o s i t s

of

B a n k

2/

Under
$200 million to $500 million $1 billion
$200 million
$500 million to $1 billion and over

Total

Cumul ative

total

#
37.7
293.3

57.6
568.3

73.1
909.6

260.5
2,855.3

428.9
4,626.5

11.0
25.0

14.7
41.7

35.0
98.8

219.5
364.7

530.2

209.3
132.2
117.4

451.5
364.3
351.6

677.3
509.5
438.9

2.180.7
1,639.5
2.173.8

3,518.8
2,645.5
3,081.7

127.2
60.4
22.6
26.5
15.6
14.1
17.5
8.5

330.5
182.9
49.3
63.0
42.2
39.4
54.0
64.4

508.3
251.8
113.2
100.0
72.5
118.1
128.2
40.0

1,973.7
760.3
613.6
466.8
291.9
427.6
266.9
157.9

2,939.7
1,255.4
798.7
656.3
422; 2
599.2
466.6
270.8

17.241.1

5.5

39.2

90.4

459.9

595.0

22,305.3

1,087.8

2,658.2

4,030.9

428. y
5,055.4

280.2
8,574.2
11,219.7
14,301.4

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18,496.5
19.295.2
19,951.5
20,373.7
20,972.9
21,439.5
21.710.3

14,528.4 22,305.3

Average maturity
3.6
2.9
3.8
3.5
3.7
(in months)
Number of banks
92
84
51
264
37
reporting
1/ Includes only negotiable certificates in denominations of $100,000 or more outstanding
at weekly reporting large commercial banks.
2/ As reported in the Call Report of Condition of December 31, 1965.
Details may not add to totals because of rounding.




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