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April 21, 1978

L.4.1
CONFIDENTIAL (FR)

**"*

%

p

^

*

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS




as of
March 29, 1978

Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System

TABLE 1
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
WEEKLY REPORTING BANKS
AS OF 29 MAR

CD'S MATURING IN

30 - 31

2,263.7

PERCENTAGE
DISTRIBUTION

00

1976 MARCH

AMOUNT
(MILLIONS OF
DOLLARS)

1976

CUMULATIVE
PERCENTAGE

SALES SINCE
PREVIOUS MONTH 2/
(MILLIONS OF D O L L A R S )

2.8

.0

APRIL

24,083.5

29.3

32.1

10,286.3

MAY

14,049.6

17.1

49.2

4,234.2

JUNE

10,884.5

13.2

62.4

3,5*7.6

JULY

7,602.0

9.2

71.6

485.3

AUGUST

6,760.4

6.2

79.8

2,448.3

SEPTEMBER

6,036.0

7.3

87.1

4,875.1

OCTOBER

1,485.1

1.8

88.9

161.6

NOVEMBER

925.4

1.1

90.0

173.9

DECEMBER

1,443.4

1.8

91.8

465.9

699.6

.9

92.7

52.8

FEBRUARY

591.3

.7

93.4

238.0

MARCH

673.2

.8

94.2

832.1 3/

4,749.6

5.8

100.0

XXX

82,247.4

100.0

XXX

27,801.1

1979 JANUARY

EVER 12 MONTHS
TOTAL

(MEMORANDUM:
JUNE 10
JUNE 15
APRIL 15

1.235.0
1.740.1
2,660.1

TAX AND DIVIDEND MATURITIES)
1.5
2.1
3.2

XXX
XXX
XXX

1/

INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPGKTING B A N K S .

2/

StE TECHNICAL APPENDIX A.

3/

SALES OF CD'S MATURING AFTER 11 MONTHS.




809.0

TAbLt

2A

1/
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G NEGOTIABLE: TIME C E R T I F I C A T E S OF D E P O S I T AT
NEW YORK CITY, C H I C A G O , AND ALL OTHER WEEKLY R E P O R T I N G B A N K S
AS OF

29 M A R

1978

(IN M I L L I O N S OF D O L L A R S )
NEW YORK CITY

ALL OTHER W E E K L Y R E P O R T I N G B A N K S

CHICAGO

C D ' S M A T U R I N G IN

AMOUNT

1976 MAR 30 - MAR 31

611.0

.0

146 .6

.0

1,506.c

.0

APRIL

5,692.9

1,585.9

2,946.1

1 ,115.0

15,244.6

7,585.5

MAY

4,411.6

620.0

1,764.3

963.4

7,873.5

2,550.8

JUNE

3,454.1

1,003.7

963.0

287.8

6,467.4

2,236.2

JULY

2,763.8

69.0

7o8 .6

62.5

4,049.5

333.6

AUGUST

2,472.4

628.9

891.6

483.7

3,396.2

1,135.8

SEPTEMBER

2,469.7

2,224.7

6ol.7

453.0

2,904.6

2,197.4

OCTOBER

279.2

22.7

357.6

16.2

846.3

142.7

N O V E M b ER

136.5

15.2

47.7

9.3

741.2

149.4

DECEMBER

392.3

93.0

163.9

39.1

687.3

333.9

130.5

2.3

36.6

5.4

532.4

45.0

170.2

113.0

29.6

4.4

391.6

120.7

551.8

7 0 3 . 1 /3

1979 J A N U A R Y
FEBRUARY
MARCH
OVER

SALES SINCE
P R E V I O U S M O N T H 2/

66.9
12 M O N T H S
TOTAL

*

60.2 /3

52.6

S A L E S SINCE
P R E V I O U S MONTH 2/

69.0 /3

AMOUNT

SALES S I N C E
PREVIOUS MONTH 2/

1,463.2

XXX

878.4

XXX

2,388.3

XXX

24,736.5

6,838 .6

9,728.5

3 ,428.9

47,782.9

17,534.1

N U M B E R OF R t PORT1NG BANKS

10

11
(MEMORANDUM:

JUNE iO
JUNE 15
APRIL 15
1/ INCLUDtS

AMOUNT

264.1
357.3
713.6

ONLY C E R T I F I C A T E S

TAX AND D I V I D E N D M A T U R I T I E S )

182.1

IN D E N O M I N A T I O N OF $ 1 0 0 , 0 0 0 OR MORt

2/ SEE TECHNICAL

APPtNDIX

A.

3/ SALES OF CD'S

M A T U R I N G AFTER

11 M O N T H S .

Digitized
* Tfor
O T AFRASER
L S M A Y NOT ADD DUE TO R O U N D I N G .


214

65.3
165.7
345.2

117.1

ISSUED BY WEEKLY R E P O R T I N G B A N K S .

905.6
1,197.1
1,601.3

509.7

TABLE 2B
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER

WEEKLY REPORTING BANKS

AS OF 29 MAR 1976 AND 22 FEB 1976
(PERCENTAGE DISTRIBUTION)

MAIUKIINI* in

29 MAR

ALL OTHER

CHICAGO

NEW YORK CITY
•

22 FEB

29 MAR

22 FEB

29 MAR

22 FEB

2.5

5.0

1.5

4.5

3.2

6.5

01 MONTHS 3/

23.8

24.0

30.3

25.0

31.9

28.1

02 M O N T H S

17.6

17.7

18.1

21.0

16.5

17.4

03 MONTHS

14.0

14.7

9.9

10.3

13.5

12.1

04 MONTHS

11.2

10.1

8.1

7.7

8.5

9.6

05 MONTHS

10.0

11.1

9.2

8.1

7.1

8.4

06 MONTHS

10.0

6.7

6.8

4.7

6.1

5.1

u7 MONTHS

1.1

1.0

3.7

2.4

1.6

1.6

08 M O N T H S

.6

1.1

.5

3.9

l.o

1.6

09 MONTHS

1.6

.5

1.7

.4

1.9

1.3

10 MONTHS

.5

1.2

.4

1.4

1.1

1.3

11 MONTHS

.7

.5

.3

.4

.8

1.1

12 MONTHS

.3

.2

.5

.3

1.2

.6

6.0

6.1

9.0

9.9

5.0

5.1

100.0

100.0

100.0

100.0

100.0

100.0

0 - 6 DAYS 2/

OVER 12 MONTHS
TOTAL *

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 UR MORE ISSUED BY WEEKLY REPORTING
BANKS.
2 / NUMBER OF DAYS REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS
FOLLOWING THE LAST WEDNESDAY OF THE MONTH.
3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.
*

TOTALS M A Y NOT ADD DUE TO ROUNDING.




TABLE 2C

1/
MATURITY DISTRIBUTION OF O U T S T A N D I N G NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 29 MAR 1976 AND 22 FEB 1976
(CUMULATIVE DISTRIBUTION)

29 MAR

22 Ffcb

ALL OTHER

CHICAGO

NEW YORK CITY
MATUK lIMb IN

29 MAR

22 FEB

29 MAR

22 FEB

2.5

5.0

1.5

4.5

3.2

6.5

01 MONTHS 3/

26.3

29.0

31.6

29.5

35.1

34.6

02 MONTHS

44.1

46.7

49.9

50.5

51.o

52.0

03 MONTHS

56.1

61.4

59.6

60.8

65. 1

64.1

04 MONTHS

69.3

71.5

67.9

66.5

73.6

73.7

05 MONTHS

79.3

62.6

77.1

76.6

60.7

6^. 1

06 MONTHS

69.3

89.3

63.9

81.3

6b.6

67.2

07 MONTHS

90.4

90.3

67.6

63.7

88.6

68.8

06 MONTHS

91.0

91.4

66.1

87.6

90.2

90.4

09 MONTHS

92.6

91.9

89.6

88.0

92.1

91.7

10 MONTHS

93.1

93.1

90.2

69.4

93.2

93.0

11 MONTHS

93.b

93.6

90.5

89.6

94.0

94.1

12 MONTHS

94.1

93.6

91.0

90.1

95.2

94.7

100.0

100.0

100.0

100.0

100.0

100.0

6 DAYS 2/

:k 12 MONTHS

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING
BANKS.
2/ NUMBER OF L.AYS REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS
FOLLOWING THE LAST WEDNESDAY OF THE M O N T H .
3/ NUMBER OF MONTHS FOLLOWING THE SURVEY M O N T H .




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2 /
AS OF 29 MAR 1978
(AMOUNTS IN MILLIONS OF DOLLARS)

TABLE 3A

$5 BILLION AND OVER
$1 BILLION
TO
$5 BILLION

$500
MILLION
AND UNDER

$500 MILLION
TO
$1 BILLICN

2,263.7

170.2

362.6

908.1

APRIL

24,083.6

1,216.9

2,517.7

7,543.0

MAY

14,049.6

728.2

1,482.4

4,178.9

JUNE

10,884.4

574.1

1,055.7

JULY

7,602.0

318.5

AUGUST

6,760.3

SEPTEMBER
OC10BER

C D ' S MATURING IN

TOTAL

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

822.8

513.9

308.9

12,806.0

5,042.6

7,763.4

7,660 * 1

4,066,0

3,594.1

3,276.5

5,978.1

3,191.3

2,766.6

588.3

1,844.0

4,851.2

2,649.1

2,202.1

IB'/ .6

586.9

1,639.5

4,344.3

2,241.4

2,102.9

6,036.0

21 V .4

424.3

1,505.3

3,689.0

2,296.4

1,590.6

1,485.0

73.6

156.1

446.8

806.3

261.9

544.4

NOVEMbtR

925.4

61.4

173.0

406.8

264.2

125.0

159.2

DECEMBER

1,443.5

67.3

171.2

466 . 3

738,7

375.6

363.1

699.6

56.7

116.8

257.1

269.0

12 3.2

145.8

FEBRUARY

591.3

40.6

100.3

197.1

253.3

166.2

87.1

MARCH

673.2

30,4

60.6

379.6

182.4

61.4

121.0

126.8

156.8

843.3

3,623.0

1,466.0

2,155.0

3,B71.9

7,974.7

<3,692.5

46,506.4

22,564.0

23,924.4

1978 MAR

30-31

1979 JANUARY

APRIL
OR LATER
TOTAL *

4,749.9
62,247.5

-R— (MEMORANDUM:

TOTAL

TAX AND DIVIDEND M A T U R I T I E S !

— — —

JUNE 10

1.235.0

32.9

77.6

339.0

765.5

247.3

538.2

JUNE 15

1,740.2

64.0

76.5

477.6

1,121.9

299.5

622.4

APRIL 15

2.660.1

129.0

215.4

767.7

1,548.0

666.1

879.9

(MEMORANDUM:
235

71

NUMBER OF BANKS>
64

83

17

1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY R E P O R T I N G BANKS.
2 / TOTAL
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
*
TOTALS MAY NOT ADD DUE TO ROUNDING.




10

^ ALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 29 MAR 1978
(AMOUNTS IN MILLIONS OF DOLLARS)

TABLE 3d

$5 BILLION AND OVER
$500 MILLION
TO
$1 BILLION

10,286.4

594.4

1,232.2

3,438.9

MAY

4,234.3

251.4

494.0

JUNE

3,527.5

257.6

JULY

485.3

AUGUST
SEPTEMBER

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

5,020.9

1,070.2

3,950.7

1,388.9

2,100.0

666.6

1,413.2

468.0

1,209.1

1,592.8

914.4

678.4

59.6

89.6

211.9

124.0

52.7

71.3

2,446.3

33.<

156.6

574.0

1,664.5

740.5

944.0

4,875.1

131.4

242.1

1,107.0

3,394.6

2,126.1

1,266•5

OCTOBER

181.5

6.2

44.2

68.4

62.7

18.7

44.0

NOVEMBER

173.9

9.9

42.4

81.0

40.6

15.2

25.4

DECEMBER

465.9

6.6

42.8

171.7

242.8

87.7

155.1

52.9

1.1

7.0

26.6

lb.2

0.3

17.9

FEBRUARY

238.0

12.9

J4.2

53.1

137.8

109.6

26.0

MARCH
OR LATER

b 32.1

47.5

97.1

472.1

215.4

52.0

163.4

27,60*.2

1,414.0

2,950.2

8,802.7

14,634.3

5,87o.4

8,757.9

140.6

161.4

1978 MAk

1979 JANUARY

TOTAL *

—
APRIL

63.1

609.0

15

(MEMORANDUMS

—

TAX AND DIVIDEND MATURITIES)
107.5

(MEMORANDUM:
71

235

336.4

302.0

NUMBER OF BANKS)
64

83

10

17

SEE TECHNICAL APPENDIX A .
^ ^ r
INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .
TOTAL
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
TOTALS MAY NOT ADD DUE TO ROUNDING.




#

TOTAL

30-31

APRIL

1/
2/
3/
»

$1 BILLION
TO
$5 BILLION

$500
MILLION
AND UNDER

TOTAL

CD'S MATURING IN

#

#

#

*

#

#

#

*

#

TABLE 3C

MATURITY D 1 S T R I B U T I O N OF O U T S T A N D I N G NEGUTLABLT TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2 /
AS OF 29 MAR 1978
PERCENTAGE D I S T R I B U T I O N

1/

*5 B I L L I O N AND OVER

C D ' S MATURING IN

1976 MAR

30-31

$600
MILLION
AND UNOFCR

$500 MILLION
TO
S I BILLION

$1 BILLION
TO
»5 B I L L I O N

TOTAL

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

2.8

4.4

4.5

3.8

1.8

2.3

1.3

APRIL

29.3

31.4

31.6

31.6

27.&

22.3

32.4

MAY

17.1

16.8

18.6

17.5

16.5

16.0

15.0

JUNE

13.2

14.8

13.2

13.7

12.9

14.1

11.6

JULY

9.2

8.2

7.4

7.7

10.4

11.7

9.2

AUGUST

8.2

4.9

7.4

6.9

9.3

9.9

8.8

SEPTEMBER

7.3

5.6

5.3

6.3

6.4

10.2

6.6

OCTOBER

1.6

1.9

2.0

1.9

1.7

1.2

2.3

NOVEMBER

1.1

1.6

2.2

1.7

0.6

0.6

0.7

DECEMBER

1.6

1.7

2.1

2.0

1.6

1.7

1.5

0.9

1.5

1.5

1.1

0.6

0.5

0.6

FEBRUARY

0.7

L.C

1.3

0.6

0.5

0.7

0.4

MARCH

0.8

0.8

1.0

1.6

0.4

0.3

0.5

APRIL
OR LATER

5.8

3.3

2.0

3.5

7.8

6.5

9.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1979 JANUARY

TOTAL *
——

TOTAL

— — — — — — — — — — — — — ———;• I I — I ~-

——— (MEMORANDUM!

TAX AND D I V I D E N D M A T U R I T I E S )

JUNE 10

1.5

0.8

1.0

1.4

1.7

1.1

2.2

JUNE 15

2.1

1.7

1.0

2.0

2.4

1.3

3.4

APRIL

3.2

3.3

2.7

3.2

3.3

3.0

3.7

15

1/ INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S O F * 1 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
2 / TOTAL
ASSETS A S R E P O R T E D IN THE CALL REPORT UF CONDITION O N JUNE 3 0 , 1 9 7 5 .
*
TOTALS MAY N O T A D O DUE TO R O U N D I N G .




MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 29 MAR 197 6
CUMULATIVE PERCENTAGE

TABLE 3D

1/

$5 BILLION AND OVER
CD'S MATURING IN

TOTAL

$500
MILLION
AND UNDER

$500 MILLION
TO
$1 BILLION

$1 BILLION
TO
$5 BILLION

TOTAL
NEW YORK
CITY

1978 MAR

30-31

2.8

4.4

4.5

3.8

1.8

OUTSIDE
NEW YORK
CITY

2.3

1.3

APRIL

32.1

35.8

36.1

35.4

29.3

24.6

33.7

MAY

49.2

54.6

54.7

52.9

45.8

42.O

4TI.7

JUNE

62.4

69.4

67.9

66.6

58.7

56.7

60.3

JULY

71.6

77.6

75.3

74.3

69.1

68.4

69.5

AUGUST

79.D

62.5

62.7

81.2

78.4

78.3

78.3

SEPTEMBER

67.1

68.1

86.0

67.5

66.6

66.5

64.9

OCTOBER

68.9

90.0

90.0

69.4

86.5

69.7

67.2

NOVEMBER

90.0

91.6

92.2

91.1

69.1

90.3

67.9

DECEMBER

91.6

93.3

94.3

93.1

90.7

92.0

69.4

92.7

94.6

95.6

94.2

91.3

92.5

90.0

FEBRUARY

93.4

95.8

97.1

95.0

91.6

93.6

90.4

MARCH

94.2

96.6

96.1

96. 6

92.2

93.5

90.9

100.0

100.0

1U0.0

100.0

100.0

100.0

100.0

1979 JANUARY

APRIL
OR LATER

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $*00,000 OR MURE ISSUED BY WEEKLY REPORTING BANKS.
2 / TOTAL
ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30, 1975.
*
TOTALS MAY NOT ADD DUE TO ROUNDING.




SALES /!/ OF NEGOTIABLE TIME CERT1FICATES OF DEPOSIT SINCE P R E V I O U S MONTH t/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3 /
AS OF 29 MAR 197 8
PERCENTAGE DISTRIBUTION

TABLE 3c

$5 BILLION AND OVER

CD'S MATURING IN

1976 MAR

TQTAL

$509
MILLION
AND UNDER

*500 MILLION
TO
*1 BILLION

$1 BILLION
TO
$5 BILLION

TOTAL

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

30-31

APRIL

37.0

42.0

41.6

39.1

34.3

18.2

45.1

MAY

15*2

17.fr

16.7

15.6

14.3

11.7

16.1

JUNE

12.7

16.2

15.9

13.7

10.9

15.6

7.7

JULY

1.7

4.2

3.0

2.4

0.9

0.8

AUGUST

p.8

2.3

5.3

6.5

11.5

12.6

10.8

17.5

9.3

8.2

12.6

23.2

36.2

14.5

OCTOBER

0.7

0.4

1.5

0.8

0.4

0.3

0.5

NOVEMBER

O.o

0.7

1.4

0.9

0.3

0.3

0.3

DECEMBER

1.7

0.6

1.5

2.0

1.7

1.5

1.8

0.2

0.1

0.2

0.3

0.1

0.0

0.2

FEBRUARY

0.9

0.9

1.2

0.6

0.9

1.9

0.3

MARCH
OR LATER

3.0

3.4

3.3

5.4

1.5

0.9

1.9

IO9.O

;oo.o

100.0

100.0

100.0

SEPTEMBER

1979 JANUARY

TOTAL *

— '"'I MEMORANDUMS
APRIL 15

2.9

4.5

235

71

3.8

(MEMORANDUM:

2.1

NUMBER OF BANKS)

100.0

2.4

1.8

64

83

—
17

2 / INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR M O R E ISSUED BY WEEKLY REPORTING B A N K S .
3 / TOTAL
ASSETS AS REPORTED IN THfc CALL REPORT OF COIDIT1QN ON JUNE 30# 1975.
*
TOTALS MAY NOT ADD QUE TO R O U N D I N G .




100.0

TAX AND DIVIDEND MATURITIES)
3.6

— -

0.8

10

TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
UN

MONTHS >
DATE OF SURVEY

BANK CLASSIFICATION

2V MAR 1976

22 FEB 1978

—
26 JAN 1976

(oY LOCATION)
ALL REPORTING BANKS
ISSUING CD'S

3.2

3-3

3.3

3.3

3.3

3.4

CHICAGO

3.5

3.7

3.b

OTHER

3.1

3.2

3.2

NEW

YORK CITY

(BY SIZE OF oANK) 2/
UNDER *600 MILLION

2.6

2.9

2.9

$500-$1,000 MILLION

2.8

2.9

2.9

*1,000-S5.000 MILLION

3.0

2.9

3.0

OVER

3.4

3.6

3.6

IN NEW YORK CITY

3.4

3.4

3.5

OUTSIDE NEW YORK CITY

3.4

3.8

3.6

$5 BILLION

1/

INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

2/

TOTAL

ASSETS


http://fraser.stlouisfed.org/
Federal#Reserve Bank of St.# Louis

AS REPORTED IN THE CALL REPORT LF CONDITION ON JUNE 30, 1 9 7 5 .

#

#

#

#

#

#

#

#

+

#

#

#

#

#

#

#

#

#

TABLb 4B
AVERAGE MATURITY
OF
NEGOTIABLE TIME CtRTIFICATES OF DEPOSIT 1/
SOLD BY WEEKLY REPORTING BANKS
DURING TME MONTH OF VARIOUS SURVEYS
(IN M O N T H S )
DATE OF SURVEY
BANK CLASSIFICATION

29 MAR 1978

22 FEB 1978

2 5 JAN 1978

(BY L O C A T I O N )
ALL REPORTING BANKS
ISSUING CD'S

2.9

2.8

2.B

NEW YORK CITY

3.5

3.5

3.0

CHICAGO

2.7

2.6

2.4

OTHER

2.7

2.6

2,8

(BY SIZE OF B A N K ) 2/

UNDER *500 MILLION

2.4

2.3

2.7

$500-*1,000 MILLION

2.6

2.6

<.5

$l,CC0-*5,00u MILLION

2.9

2.5

2.5

UVEk $5 BILLION

3.0

3.3

3.1

IN NEW YORK CITY

3.8

3.7

3.3

OUTSIDE NEW YORK CITY

2.5

2.9

2.9

1/

INCLUDES CERTIFICATES IN DENOMINATIONS OF *100.000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .

2/

TOTAL

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 3 0 . 1975.

N O T E — S E E TECHNICAL APPENDIX B .




—

#

*

TABLE 5A
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

1/

TO TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
(PER CENT)

DATE OF SURVEY
(IN MILLIONS OF D O L L A R S )

.LL

<9 MAR 1978

I W W

22 FEB 1978

25 JAN 1978

—r

2()-3

UNDER 500

15.6

15.5

15.3

SOU - IGOO

17. i

16.3

15.6

1000 - BOOO

16.7

15.7

15.7

24.4

22.4

23.0

IN NEW YORK CITY

<6.8

26.4

2e>.l

OUTSIDE NEW YORK CITY

22.5

19*9

'O.*

OVER 6000

1/ INCLUDES CtRTIElCATES IN DENOMINATIONS UE SlQOfOOO UR MORE ISSUED bY WEEKLY REPORTING B A N K S .
t/ TOTAL
NOTE-


http://fraser.stlouisfed.org/
FederaleReserve Bank of St.#Louis

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.

DEPOSITS IN THE DENOMINATOR UE THE K A T 1 0 IN THIS TABLE ARE TOTAL DEMAND AND TIMfc DEPOSITS, INCLUDING
INTERBANK A N D U . S . GOVERNMENT DEPOSITS.

#

e

#

#

#

e

#

e

TABLE 5B
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

1/

TO TOTAL DEPOSITS
AS OF 29 MAR 1978
(NUMBER OF BANKS)
TOTAL ASSETS 2/
UN

MILLIONS OF DOLLARS)

ALL BANKS ISSUING
CD'S

5%
OR
LESS

5
TO

10%

20

15
TO

10
TO
15*

20%

AVERAGE CO
TO DEPOSIT
RATIO (PER CENT)

25*
OR
MORE

TO
25*

32

29

52

41

32

49

20.3

9

11

19

11

11

10

15.8

500 •- 100U

11

9

12

9

9

14

17.2

10G0 - 5000

12

9

18

17

10

17

16.7

0

0

3

4

2

6

24.4

IN NEW YORK CITY

0

0

1

1

1

4

26.8

OUTSIDE NEW YORK CITY

0

0

2

3

1

4

22.5

UNDER 500

OVER 5000

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .
2/ TUTAL
NOTE-

ASSETS

As REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.

DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK A N D U.S. GOVERNMENT DEPOSITS.




TABLFC 5C
PFCR CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
22 FEB 1978 TO 2V MAR 1976
(NUMBER OF BANKS)

TOTAL ASSETS 2/
(IN MILLIONS OF DOLLARS)

DECLINES OF
REDUCED CD'S TO
5 TO
104 OR
5% OR
ZERO
MORE
10*
LESS

INCREASES OF
NO
CHANGE

5% OR
LESS

> TO
10%

L qt OR
MORE

ISSUED CD'S BUT
HAD NONE OUTSTANO
1NG ON BASE DATE

ALL BANKS ISSUING
CD'S

1

16

13

47

4

57

46

50

0

UNDER 500

1

5

5

21

2

13

14

11

0

500 - 1000

0

5

2

12

0

17

14

14

0

11

2

22

14

21

0

1000 - 5000

0

8

5

OVER 5000

0

0

1

3

0

5

4

4

0

IN NEW YORK CITY

0

0

1

1

0

3

0

2

0

OUTSIDE NEW YORK CITY

0

0

0

2

0

2

4

2

O

1/ INCLUDES CERTIFICATES IN DENOMINATIONS LF $100,000 OR MURE ISSUED BY WEEKLY REPORTING BANKS.
k/ TOTAL
NOTE-

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30 , 1975.

THE NUMBER OF BANKS IN THIS IAALE DIFFERS FROM THOST IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING, CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO UN THIS SURVEY.




TABLE 50
PER CENT CHANG6 IN QUI STANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
26 DEC 1977 TO 29 MAR

1978

(NUMBEP. OF BANKS)

TOTAL DEPOSITS /2
I IN MILLIONS OF DOLLARS)

REDUCES
TO
ZERO

DECLINES OF
25%
OR
MORE

20
TO
25%

15
TO
20%

10
TO
15%

INCREASE OF
TO
10*

5*
UR
LESS

5?

NO
CHANGE

OR
LESS

TO
10%

10
TO
15%

15
TO
20%

20
TO
25%

25%
OR
MORE

ISSUED
CD'S BUT H A D
NONE
OUTSTANDING
UN BASE DATE

ALL BANKS ISSUING
CD'S

I

5

4

5

9

13

19

3

29

29

25

26

IV

49

0

UNDER 500

1

2

2

1

2

4

7

2

4

10

7

10

0

14

0

5Q0 «- 1000

0

0

0

I

Z

3

5

0

11

8

7

5

4

17

0

1000 - 5000

u

3

1

2

5

3

6

1

12

9

10

6

6

17

0

OVER

0

0

1

0

0

3

1

0

2

2

1

3

3

1

0

IN NcW YORK CITY

0

0

1

0

0

0

1

0

1

1

1

0

1

1

0

OUTSIDE N£W YORK CITY

0

0

0

0

0

3

0

0

1

1

0

3

2

0

0

5V0Q

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .
2/ TOTAL
NOTE-

ASSETS

AS REPORT6D IN THE CALL REPORT OF CONDITION ON JUNE 3 0 , 1975.

THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING CO•S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
OUTSTANDINGS TO ZERO.




TABLE 5fc
CHANGE IN OUTSTANDING NEGOTlAt>Lfc TIME CERTIFICATES OF DEPOSIT 1/
OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
22 FEB 1976 TO 29 MAR

1978

(NUMBER OF bANKS)
TOTAL ASSETS 2/
(IN MILLIONS OF DOLLARS 1

ALL BANKS
CD'S

ISSUING

INCREASES OF

DECLINES OF
XX
AND
LESS

1
TO
Z%

2
TQ
3%

3?
AND
OVER

NO
CHANGE

IX
AND
LESS

1
TO
Z%

3%
AND
OVER

2
TO
3%

1

7

11

62

4

73

39

22

16

UNDER 500

1

1

5

25

2

20

12

5

0

SCO - 1000

0

3

2

15

O

19

15

7

3

1000 T 5000

0

3

3

19

2

29

9

9

9

OVER 5000

0

5

3

1

4

v

2

1

2

IN NEW YORK CITY

0

UUTSICE NEW YORK CITY

0

0

1
0

0

3

0

1

1

0

2

0

2
0

3

1
2

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .
2/ TOTAL
NOTE-

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.

DEPOSITS IN THE OeNOMINATOR OF THE RATIU IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK A N D U . S . GOVERNMENT DEPOSITS.




#

#

#

#

#

#

#

#

#

TABLE 5F
CHANGE 1^ OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

1/

OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THc BEGINNING OF THE PERIOD
c8 DEC

1977 TO 29 MAR

1978

(NUMBER OF BANKS)

— —

1*
AND
UNDER

3
TO
4%

2
TO
3%

1
TO
2%

5%
AND
OVER
I

NO
CHANGE

i

j
1%
AND
LESS

1
TO
2%

i

3
TO
4%

S&+'\

5%
AND
OVER

i
I

(IN MILLIONS OF D O L L A R S )

INCREASED OF

1
1
1

i

ASSETS 2/
i

TOTAL

—

—

D t C H N c S OF

W -* f
te o

^

!

i
1

1
1
1

ALL BANKS ISSUING
CD'S

3

l

5

9

8

28

3

47

49

27

24

9

22

UNDER 300

1

0

1

3

3

10

2

11

17

10

7

1

5

5Q0 - 1000

Q

Q

0

1

2

8

0

14

15

d

5

2

9

1000 - 5000

2

o

3

4

L

9

1

21

1c

7

10

6

6

OYER 5000

0

1

1

1

1

1

0

1

5

2

4

0

2

IN NEW YORK CITY

0

I

0

0

0

1

0

1

1

1

1

0

1

OUTSIDE NEW YORK CITY

0

0

1

1

1

0

0

0

4

1

1

0

1

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF >100.000 OR M O R E ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 3 0 , 1975.

DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME D E P O S I T S , INCLUDING
INTERBANK A N D U . S . GOVERNMENT DEPOSITS.




TABLE 6A
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABL E TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT

1/

AS OF 29 MAR 1978
(AMOUNTS IN MILLIONS OF DOLLARS)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

295.9

33.2

26.0

75.0

250.2

316.4

766.5

3950.5

279,1

188.7

760.4

1782.0

9521.4

515.3

591.1

2298.2

194.6

180.5

404.1

1005.6

2210.6

563.7

332.2

430.9

1615.1

197.6

136.1

272.3

788.4

2081.6

235. 1

442.7

204.2

275.2

963.2

81.8

47.2

141.5

545.5

1547.1

2554.1

243.4

322.1

138.7

282.5

1063.0

66,5

60.7

117,6

428.9

1273.8

iji.a

2550.3

136.5

354.4

123.5

197.8

841.6

57,9

91.0

103.1

518.9

929.7

1465.1

44.6

325.3

74.1

61.6

47.2

81.5

413.7

30.4

14.7

49.4

147.6

174.8

NOV

925.3

54.f

152,9

65.9

81.9

52.4

63.5

113.2

16.4

7.8

52.5

117.0

147.6

DEC

1443.5

62.5

447.4

45.8

53.0

46.4

73.7

220.1

17.5

3LS.5

40,0

148,0

273.0

1979 JAN

699.7

23.2

>63.6

45.4

40.3

29.5

47.5

68,1

15.6

7,4

38.8

87.5

132.6

FEB

591.5

13.9

182.2

23.7

31.6

26.7

45.8

57.6

16.7

4.5

*9.6

48.9

120.3

MAk

67a.3

11.3

*3.8

21.7

30.4

33.5

25.2

102.8

8.6

93.6

21.7

125.2

115.5

4749.9

255.5

1507.5

91.7

331.3

28.1

I0tt.4

965.0

35.9

31.0

65.3

2*3.3

104b.9

3027.4 27036.5

3064.3

4368.8

2417.7

3075.3 12968,0

1052.2

906.7

2162.1

3.4

2.7

3.3

3.0

3.9

15

19

35

11

ALL
DISTRICTS

BOSTON

2263.7

91.1

APR

24063.6

MAY

CD'S MATURING IN

CLEVELAND

741.8

104.7

136.5

107.2

b 5.7

962.4

6813.3

1060.2

1266.3

732.8

14049.6

565.6

4857.8

592.8

633.0

JUN

10bo4.4

360.7

3772,5

323.3

JUL

7 £>01.8

234.3

2684,u

AUG

6760.3

208.8

SEP

6036.0

UCT

1976 MAk 30-MAk 31

APk Ok LAT£k
TOTAL *

*2247.7

AVERAGE MATURITY
IN MONTHS 2/

3.2

3.2

3.2

2.7
—

NUMBER UF REPORTING
BANKS

235

13

CHICAGO

RICHMOND ATLANTA

PHILADELPHIA

NEW
YORK

6 2 7 7 . 4 15891.3

2.6

3.3

3.1

17

23

29

-

1

10

36

22

1/ INCLUDES UNLY C.6R1 1F1CATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING B A N K S .
i.f SEE TECHNICAL APPENDIX B.
* DETAILS MAY NOT ADD TO TOTALS DUE TO R O U N D I N G .


http://fraser.stlouisfed.org/
Federal Reserve Bank of St.eLouis

•

•

+

#

t

•

#

#

#

#

#

#

#

#

#

#

#

#

TABLE 6B
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 29 MAR 1976
(AMOUNTS IN MILLIONS OF D O L L A R S )
ALL
DISTRICTS

BOSTON

APR

10286.2

426.5

MAY

4234.3

JuN

DALLAS

SAN
FRANCISCO

89.0

392.1

739.8

3383.7

65.1

58.0

160.9

291.5

682.9

515.1

85.5

12.4

140.1

360.3

613.4

32.5

122.8

13.7

1.0

39.7

52.7

33.0

53.4

56.7

542.8

20.9

28.8

39.8

122.2

517.8

294.9

69.2

127.7

587.1

40.8

75.0

67.5

362.2

775.8

24.4

7.8

12.9

3.0

27.8

7.0

0.3

18.2

16.0

22.7

19.2

21.5

4.2

7.0

3.1

28.8

1.8

1.5

9.6

36.5

26.8

16.9

108.3

17.4

16.4

11.6

17.8

50.1

7.8

b.4

13.5

42.1

155.7

52.8

1.7

16.0

11.8

3.0

0.5

4. 6

6.1

0.7

0.1

4.8

0.5

3.0

FEb

237.9

7.3

116.5

1.4

12.2

3.0

10.6

8.9

1.5

1.8

4.5

11.3

58.9

MAR OR LATER

632.1

73.0

60.7

15.9

29.1

35.7

24.2

1$5.6

10.7

88.7

27.5

154.9

155.9

27601.0

1005.2

76^5.0

;073.6

1160.5

778.7

947.6

4636.7

393.9

3o5.0

915.2

2190.0

6429.6

2.9

2.4

3.3

2.4

3.1

2.7

2.7

2.7

2.6

5.0

2.4

3.2

2.4

ST.
LOUIS

289.9

1560.2

136.4

159.6

205.0

1049.2

106.8

129.5

172.5

17.b

29.9

20.4

86). 3

63.7

92.6

114.7

2270.4

89.8

181.5

9.7

31.7

NOV

173.9

^3.9

DfcC

466.0

1979 JAN

2110.3

441.1

439.3

275.9

213.2

973.b

252.8

122.3

3527,4

115.2

1156.8

116.0

JUL

4b5.3

23.8

99.0

AUG

2 448.3

49.3

SEP

4*75.1

OCT

TOTAL *
AVERAGE MATURITY
IN MONTHS 3/

1/ SEt TECHNICAL APPENDIX A .
2/ INCLUDES ONLY CERTIFICATES

ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.

3/ SEE TECHNICAL APPENDIX B .
» DETAILS MAY NOT




ADO TO TOTALS UUE TO ROUNDING.

1 </> 1

CHICAGO

CLEVELAND

i 52
!?I

RICHMOND
ATLANTA

PHILADELPHIA

NEW
YORK

I FT IT

KANSAS
CITY

CD'S MATURING IN

TABLfc 6C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 29 MAR 1976
(PERCENTAGE DISTRIBUTION!

KANSAS
CITY

DALLAS

SAN
FRANCISCO

2.9

3.5

4.0

2.0

26.5

20.8

35.2

26.4

34.7

17.7

16.5

19.9

18.7

16.0

13.9

14,0

12.5

16.6

15.2

12.6

12.6

13.1

8.4

8.9

7.4

7.8

5.2

6.5

8.7

9.7

7.4

5.7

9.2

8.2

6.3

6.7

5.4

6.8

8.0

4.5

6.1

5.1

6.4

6.5

5.5

10.0

4.8

8.3

5.9

1.2

2.4

1.9

2.0

2.7

3.2

2.9

1.6

2.3

2.4

1.1

1.6

0.6

2.2

1.9

2.2

2.1

0.9

1.6

0.9

2.4

1.9

0.9

1.6

2.1

1.7

1.5

1.2

1.9

2.4

1.7

1.7

1.7

1.9

2.4

1.7

1979 JAN

0.9

0.6

0.6

1.5

0.9

1.2

1.5

0.5

1.5

0.6

1.8

1.4

0.8

FEB

0.7

0.5

0.7

0.6

0.7

1.1

1.5

0.4

1.6

0.5

0.9

0.6

0.8

MAK

0.8

0.4

0.3

0.7

0.7

1.4

0.8

0.8

0.8

10.3

1.0

2.0

0.7

APR OR LATER

5.8

8.4

5.6

3.0

7.6

1.2

3.5

7.4

3.4

3.4

3.0

4.5

6.6

100.0

100.0

100.0

100.0

100.0

BOSTON

2.6

3.0

APR

29.3

MAY

CHICAGO

ST.
LOUIS

PHILADELPHIA

CLEVELAND

2.7

3.4

3.1

4.4

2.8

2.3

3.2

31.6

25.2

34.6

29.0

30.3

24.9

30.5

17.1

16.7

16.0

19.3

14.5

21.3

19.2

JUN

13.2

12.2

14.0

10.6

12.9

13.7

JUL

9.2

7.7

10.7

7.7

10.1

AUG

8,2

6.9

9.4

7.9

SfcP

7.3

4.3

9.4

OCT

l.p

1.5

NOV

1.1

DEC

RICHATLANTA
MOND

1

NEW
YORK

2#
»- rr
</> 1

ALL
UISTR1CTS

CD'S MATURING JN

1976 MAR 30-MAR 31

100.0

TOTAL *

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE 6Y WEEKLY REPORTING BANKS.


http://fraser.stlouisfed.org/
Federal EReserve Bank of St.«Louis

#

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TABLE 60
M A T U R I T Y DISTRIBUTION pF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 29 MAR

1/

197 8

(CUMULATIVE PERCENTAGE)

MATURING

>

ALL
DISTR1CTS

IN

|

II • ! Ill II 1

MAK 30- MAR 31

-

BOSTON

—

—

2.6

APR

NEW
YORK
•• I 7 1 —

PHILADELPHIA

CLEVELAND

•1 ~ — — — —

ST.
LOUIS

CHICAGO

RICHMOND
ATLANTA
—

—

—

—

MINNEAPOLIS

KANSAS
CITY
— — - — » —

— — — • —

DALLAS
—

—

—

SAN
FRANCISCO

______

3.0

2.7

3.4

3.1

4.4

2.8

2.3

3 .2

2.9

3.5

4.0

2.0

34.6

27.9

36.0

32.1

34.7

27.7

32.6

29.7

23.7

38.7

32.4

36.7

MAY

49.2

53.5

4 5.9

57.3

46.6

56.0

46.9

50.5

46.2

43.6

57.4

46.4

50.6

JUN

62.4

65.7

59.9

67.9

59.5

69.7

60.9

63.0

67.0

58.8

70.0

61.0

63.7

JUL

71.6

73.4

7 0.6

75.6

69.6

76.1

69.6

70.4

74.6

64.0

76.5

69.7

73.4

AUG

79.6

TI0.3

60. 0

83.5

77.0

83.8

79.0

78.6

81.1

70.7

81.9

76.5

61.4

SEP

67.1

64.6

69.1

86.0

65.1

66.9

85.4

65.1

66.6

60.7

56.7

64.8

67.3

DC 7

68.9

86,1

90.6

90.4

67.0

90.9

68.1

60.3

89.5

62.3

69.0

67.2

68.4

NOV

90.0

67.9

91.2

92.6

88 *9

93.1

90.2

69.2

91.1

83.2

91.4

89.1

89.3

UEC

91.8

90.0

92.9

94.1

90.1

95.0

92.6

90.9

92.6

64.9

93.3

91.5

91.0

VAN

92.7

90.6

93.5

95.6

91.0

96.2

94.1

91.4

94.3

85.7

95.1

92.9

91.8

FEB

93.4

91.3

94.2

9F>.4

91.7

97.3

95.6

91.6

95.9

66.2

96.0

93.7

92.6

MAR

94.2

91.7

94.5

97.1

92.4

96.7

96.4

92.6

96.7

96.5

97.0

95.7

93.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

APR OR LATER

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY WEEKLY REPORTING B A N K S .




TABLE 66

1/

2/

SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 29 MAR 1976
(PERCENTAGE DISTRIBUTION)
ALL
OISTRICTS

BOSTON

APR

37.Q

40.0

MAY

15.4

JUN

CD'S MATURING IN

NEW
YORK

ST.
LOUIS

M1NNEAPOL1S

KANSAS
CITY

DALLAS

SAN
FRANCISCO

33.6

35.1

24.4

42.8

33.8

52.6

21.6

22.6

16.5

15.9

17.6

13.3

10.6

16.6

16.2

11.1

21.7

3.4

15.3

16.5

9.5

2.6

2.6

3.4

2.6

3.5

0.3

4.2

2.4

0.5

5.9

6.0

6.9

6.0

11.7

5.3

7.9

4.3

5.6

8.1

PHILAOELPH1A

CLEVfcLAND

RICHMONO
ATLANTA

26.9

41.1

37.9

35.4

30.6

20.0

12.4

23.5

10.5

20.5

12.7

10.6

14.8

10.6

9.4

JUL

1.7

2.2

1.3

1.7

AUG

ti.8

4.6

11.0

CH1CAGO

SEP

17.5

10.6

28.9

6.4

25.4

8.9

13.5

12.7

10.4

20.5

7.4

16.5

12.1

OCT

0.7

0.9

0.4

2.3

0.7

1.7

0.3

0.6

1.8

0.1

2.0

0.7

0.4

NOV

0.6

1.3

0.2

2.0

0.4

0.9

0.3

0.6

0.5

0.4

1.0

1.7

0.4

uec

1.7

1.6

1.4

1.6

1.4

1.5

1.9

1.1

2.0

2.3

1.5

1.9

2.4

197V JAN

0^ 2

0.2

0.2

1.1

0.3

0.1

0.5

0.2

0.2

0.0

0.3

0.0

0.0

FEb

0.9

0.7

1.5

0.1

1.1

U.4

1.1

0.2

0.4

0.5

0.5

0.5

0.9

MAk OK LATEk

3.0

6.9

1.0

1.5

2.5

4.6

2.6

2.9

2.7

24.3

3.0

7.1

2.4

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100,0

100.0

100.0

100.0

100.0

TOTAL *

1/ SEE TECHNICAL APPENDIX A .
2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100.000 OR MORE BY WEEKLY REPORTING BANKS.
NOTE - SALES

IN ThfS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.

* DETAILS MAY NOT ADD TO TOTALS DUE TU R O U N U I N G .




TECHNICAL APPENDIX A

DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT

Sales of CD's between survey dates are derived
manner:

in the following

Outstanding CD 1 s maturing in each month of the previous survey aie

subtracted

from maturities in the same month of the current survey.

Those

CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.

Those CD's maturing after the la st individual

month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding quantity for a time period comparable to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the current survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.

Some sales

Sales of CD's between the

survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.

However, since the minimum maturity for time

deposits under current regulations is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sales are lost
from the series as derived in this manner.
Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured
between surveys and

(2) the amount, if any, of sales between survey dates

that mature in the remaining days of the calendar month in which the current
survey is taken.




TECHNICAL NOTE B
CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
OUTSTANDINGS
Average maturities of outstanding negotiable time certificates of
deposit are calculated on a weighted average basis<

All CD's are assumed to

mature in the middle of the month and those CD's maturing in the survey
month--after the survey date--are assumed to mature in the middle of the
period between the survey date and the end of the calendar month in which
the survey is taken.

The weights are the quantity of CD's maturing in each

month or fraction thereof as a proportion of total CD's outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.

All of these CD's are assumed to mature in the

middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.

That is, they

are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.

Any CD's sold between

survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.




Technical Note B (continued)
This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date.

While it appears more logical to

assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce comparability between average
maturities of outstandings and of sales as a result of using two different
starting dates for the calculations.

If the assumption is made that all CD's

are sold at the mid-point between surveys, the average maturity of sales would
be lengthened relative to the average maturity of outstandings, by, in effect,
using an earlier starting date for sales than for outstandings.
Sales of CD's maturing in a particular month are often a large
and highly variable proportion of total sales while changes in outstandings
due in any particular month are a small and rather stable proportion of the
level of total outstandings.

As a result, the average maturity of sales is

much more sensitive to month-to-month variation in the maturity structure of
sales than is the case with the outstandings series.

Thus, large changes in

the calculated average maturity of sales, or situations in which the average
maturity of sales differ sharply from the average maturity of outstandings,
should be interpreted with care and references should be made to actual dollar
sales by month.

Formulas for calculation of average maturities are available on
request from the Banking Section, Division of Research and Statistics, Board
of Governors of the Federal Reserve System.