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^ U E .8 F o r .immediate releas September 3, 1964. U i ' MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT V XV This release summarizes the results of the second quar terly survey of the maturity structure of outstanding negotiable time certificates of deposit in denominations of $100,000 or more. Of the 347 banks surveyed, 249 reported outstanding CD's totaling $12.2 billion on the August 19 survey date. Maturities are heaviest during the five months ending in January, with nearly $9.5 billion, or about 77 per cent of outstand ing CD's maturing within that period. The largest monthly total, $2.2 billion, will occur during September, when corporate needs for funds for tax and dividend payments will be heavy. Concentration 1 of maturities in the five-month period is somewhat less at smaller than at large banks. The average maturity of outstanding CD's in September, at about four months, is slightly shorter than at the time of the May survey. Outstanding Negotiable Time Certificates of Deposit All Weekly Reporting Member Banks August 19, 1964 Cumulative | percentage In millions of dollars Percentage distribution 1964--August 20-31 September 1 / October November December 414.1. 2,156.7 2,008.8 1,523.1 1,859.2 3.4 17.7 16.5 12.5 15.2 . 3.4 21.1 37.6 50.0 65.3 1965--January February March April May June . July August Sept, or later 1,459.7 755.7 649.9 339.4 201.5 269.9 190.7 104.2 260.5 12.0 6.2 5.3 2.8 1.6 2.2 1.6 .9 2.1 77.3 83.5 88.8 91.6 93.2 95.4 97.0 97.9 100.0 12,193.4 100.0 Period of maturity Total 1/ Includes $109 million maturing on September 10 and $708 on September 15. ; ! MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT By Size of Bank JL/ (Amounts in millions of dollars, as of August 19, 1964) Period of maturity Under $100 million 1964 August 20-31 September 1Jjober November December 4.6 31.7 28.3 20.0 19.0 o f Bank T o t a l D e p o s i t s 2/ $100 million to $200 million to $500 million to $500 million $1 billion $200 million $1 billion or more Total 13.2 56.5 54.9 44.1 29.7 77.9 346.4 225.8 226.0 198.3 78.7 418.5 371.9 237.6 325.7 239.7 1,303.6 1,327.9 995.4 1,286.5 414.1 2,156.7 2,008.8 1,523.1 1,859.2 414.1 2,570.8 4,579.6 6,102.7 7,961.9 214.7 123.7 91.7 51.0 28.6 33.3 14.5 11.7 1,047.4 501.6 465.6 228.0 127.2 161.6 117.3 53.3 1,459.7 755.7 649.9 339.4 201.5 269.9 190.7 104.2 9,421.6 10,177.3 10,827.2 11,166.6 11,368.1 11,638.0 11,828.7 11,932.9 12,193.4 1965 January February March April May June July August September or later Total 15.0 13.4 9.7 7.9 4.5 8.3 4.8 2.9 35.7 5.7 8.7 6.1 7.4 15.1 5.1 146.9 96.4 77.2 43.8 35.1 59.3 39.0 31.2 3.4 173.5 9.5 312.3 30.4 1,633.7 24.5 2,026.1 192.7 8,047.8 260.5 12,193.4 Sept. 10 Sept. 15 3.6 1.5 2.0 6.0 11.3 71.9 27.6 168.9 65.0 460.1 109.5 708.4 56 55 69 39 30 1) Number of banks re porting JL/ 2/ Cumulative total 20.6 249 Includes only negotiable certificates in denominations of $100,000 or more outstanding at weekly reporting member banks. As reported in the Call Report of Condition of June 30, 1964. Banking Section, September 3, 1964.