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L.4.1
CONFIDENTIAL (FR)

April 22, 1968.




SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
March 27, 1968

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

#

#

TABLE

#

1

1/
MATURITY

DISTRIBUTION

OF

OUTSTANDING
WEEKLY
AS

CO's

MATURING

1968

MARCH

NEGOTIABLE

CERTIFICATES

OF

DEPOSIT

AT

R E P O R T I N G BANKS
OF

AMOUNT
( M I L L I O N S OF
DOLLARS)

IN

TIME

27

MAR

1968

PERCENTAGE
D I S T R I BUT I O N

CUMULATIVE
PERCENTAGE

SALES S I N C E
P R E V I O U S MONTH 2 /
( M I L L I O N S OF D O L L A R S )

3.8

3.8

.0

APRIL

6,411.6

31.2

35.0

1,545.5

MAY

3,296.6

16.0

51.0

728.7

JUNE

3,426.8

16.7

67.7

1 ,185.2

JULY

2,0 15.9

9.8

77. 5

415.1

AUGUST

1,236.6

6.0

83. 5

206.4

SEPTEMBER

957.1

4.7

88.2

490.4

OCTOBER

477.3

2.3

90.5

82.2

NOVEMBER

283.6

1.4

91.9

25.1

DECEMBER

309.2

1.5

93.4

47.8

JANUARY

375.4

1.8

95.2

19.4

FEBRUARY

241.3

1.2

96.4

24.7

MARCH

1969

775.7

203.6

1.0

97.4

201.9

543.4

2.6

100.0

XXX

20,554.1

100.0

XXX

4,972.5

OVER

28

12

-

31

MONTHS

TOTAL

TAX

(MEMORANDUM:

1/

INCLUDES

ONLY

CERTIFICATES

IN

2
SEE
Digitized for/ FRASER T E C H N I C A L A P P E N D I X A .
http://fraser.stlouisfed.org/
3/
Federal ReserveS A L E of St. Louis ' S M A T U R I N G A F T E R
Bank S OF C D

DENOMINATIONS

11

MONTHS.

DIVIDEND

MATURITIES)
XXX
XXX
XXX

1.4
2.0
6.0

293.3
417.6
1,242.9

JUNE 1 0
JUNE
17
A P R I L 15

AND

OF

$100,000

OR MORE

ISSUED

BY

WEEKLY

206.5

REPORTING

BANKS.

3/

TABLE 2A
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT
NEW YORK C I T Y , CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 27 MAR 1 9 6 8
( I N MILLIONS

OF DOLLARS)
ALL

CHICAGO

NEW YORK CITY
SALES SINCE
PREVIOUS MONTH 2 /

-

AMOUNT

-

SALES SINCE
PREVIOUS MONTH 2 /

-

-

OTHER WEEKLY REPORTING BANKS
AMOUNT

SALES SINCE
PREVIOUS MONTH 2 /

MATURING

IN

AMOUNT

MAR 2 8 -

MAR 3 1

245.2

.0

76.4

.0

454.1

.0

APR I L

2,077.4

561.6

440.3

66 . 9

3, 893.9

915.7

MAY

1,066.5

303.3

222.2

40.6

2,007.9

385.1

JUNE

1,287.9

378.2

266.5

80.6

1,872.4

726.9

JULY

625.9

169.5

221.9

48.3

1,168.1

197.2

AUGUST

369.8

88.5

81.1

10.2

785.7

107.1

SEPTEMBER

219.4

95.5

96.3

52.0

641.4

343.7

OCTOBER

133.1

25.4

48.8

16.9

295.4

40.3

NOV EMBER

83.9

4. 6

18.8

1.0

180.9

19.5

DECEMBER

60.4

20.4

10.9

4.5

237 .9

23.4

JANUARY

92.2

2.0

21.4

.1

261.8

17.1

FEBRUARY

42.2

1.3

26.3

.5

172.8

22.9

MARCH

44.2

53.6

13.6

10.3

145 .8

138.6

1 04.9

XXX

23.3

XXX

415 .2

XXX

6,453.0

1 ,703.9

1, 5 6 7 . 8

331.9

12 ,533 . 3

2 ,937.5

OVER

12 MONTHS
TOTAL *

/3

(MEMORANDUM:
JUNE 10
JUNE 17

APRIL 15

114.0
198.2
482.4

1/

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

2/

SEE TECHNICAL APPENDIX A .

3/

SALES OF C D ' S MATURING AFTER

*

TOTALS MAY NOT ADD DUE TO ROUNDING.




TAX

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

18.0

69.6

I N DENOMINATION OF 5 1 0 0 , 0 0 0

11 MONTHS.

241

11

12

NUMBER OF REPORTING BANKS .

/3

23.2
108.3

8.2

CR MORE ISSUED BY WEEKLY REPORTING BANKS.

161.9
196.6
653.3

129.1

Z3

#

T Al
/VolE

#

2B

#

#
1/

MATURITY

DISTRIBUTION
NEW YORK

OF

OUTSTANDING

CITY ,

CHICAGO,

AS

OF

27

NEGOTIABLE

AND

MAR

ALL

1968

(PERCENTAGE

OTHER
AND 2 8

MATURING

CERTIFICATES

WEEKLY
FEB

REPORTING

OF

28

MAR

AT

BANKS

1968

ALL

CHICAGO

IN
27

DEPOSIT

DISTRIBUTION)

NEW YORK C I T Y
CD'S

TIME

27

FEB

28

MAR

27

FEB

OTHER
28

MAR

FEB

3.8

1.9

4.9

2.9

3.6

2.2

32.2

30.2

28.1

30.5

31.1

25.8

0—6 D A Y S 2 /
01

MONTHS

02

MONTHS

16.5

22.8

14.2

21.5

16.0

23.4

03

MONTHS

20.0

11.5

17.0

10.4

14.9

12.8

04

MONTHS

9.7

13.7

14.2

10.7

9.3

9.0

05

MONTHS

5.7

6.9

5.2

10.0

6.3

7.6

06

MONTHS

3.4

4.2

6.1

4.1

5.1

5.3

07

MONTHS

2.1

1.9

3.1

2.5

2.4

2.3

08

MONTHS

1 .3

1.6

1.2

1.8

1.4

2.0

09

MONTHS

.9

1.2

.7

1.0

1.9

1.3

10

MONTHS

1.4

.6

1.4

.4

2.1

1.7

11

MONTHS

.7

1.4

1.7

1.2

1.4

1.9

12

MONTHS

.7

.6

.9

1.5

1.2

1.2

1.6

1.4

1.5

1.5

3.3

3.3

100.0

100.0

100.0

100.0

100.0

100.0

OF

OR MORE

OVER

12

TOTAL

1/

3/

MONTHS
*

INCLUDES

ONLY

CERTIFICATES

IN

DENOMINATIONS

$100,000

ISSUED

BY

WEEKLY

REPORTING

BANKS.
2/

NUMBER OF
FOLLOWING

D A Y S R E M A I N I N G I N SURVEY M O N T H . T H I S
T H E L A S T WEDNESDAY OF T H E M O N T H .

3/

NUMBER

MONTHS

OF


http://fraser.stlouisfed.org/ A L S MAY NOT
* TOT
Federal Reserve Bank of St. Louis

ADD

FOLLOWING
DUE

THE

SURVEY

TO R O U N D I N G .

MONTH.

PERIOD

VARIES

WITH

THE

NUMBER

OF

DAYS

#

#

#

#

#
TABLE

MATURITY

DISTRIBUTION
NEW YORK

OF

OUTSTANDING

CITY,
AS

CHICAGO,
OF 2 7

NEGOTIABLE

AND

MAR

ALL

1968

(CUMULATIVE

OTHER
AND 2 8

MATURING

#

TIME

CERTIFICATES

WEEKLY
FEB

REPORTING

OF

1/

DEPOSIT

AT

BANKS

1968

DISTRIBUTION)

NEW YORK C I T Y
CD'S

#

2C

CHICAGO

ALL

OTHER

IN
27

0—6 1 A Y S 2 /
D

MAR

28

FEB

27

MAR

28

FEB

27

MAR

28

FEB

3.8

1.9

4.9

2.9

3.6

2.2

01

MONTHS 3 /

36.0

32.1

33.0

33.4

34.7

28.0

02

MONTHS

52.5

54.9

47.2

54.9

50. 7

51.4

03

MONTHS

72.5

66.4

64.2

65.3

65.6

64.2

04

MONTHS

82.2

80.1

78.4

76.0

74.9

73.2

05

MONTHS

87.9

87.0

83.6

86.0

81.2

80.8

06

MONTHS

91.3

91.2

89.7

90. 1

86.3

86.1

07

MONTHS

93.4

93.1

92.8

92.6

88.7

88.4

08

MONTHS

94.7

94.7

94.0

94.4

90.1

90.4

09

MONTHS

95.6

95.9

94.7

95.4

92.0

91.7

10

MONTHS

97.0

96.5

96.1

95.8

94.1

93.4

11

MONTHS

97.7

97.9

97.8

97.0

95.5

95.3

12

MONTHS

98.4

98.5

98.7

98.5

96.7

96.5

100.0

100.0

100.0

100.0

100.0

100.0

OF $ 1 0 0 , 0 0 0

OR

OVER

12

MONTHS

1/

INCLUDES
BANKS.

2/

NUMBER OF
FOLLOWING

D A Y S R E M A I N I N G I N SURVEY M O N T H . T H I S
THE L A S T WEDNESDAY OF T H E M O N T H .

3/

NUMBER

MONTHS

OF




ONLY

CERTIFICATES

IN

DENOMINATIONS

F O L L O W I N G THE SURVEY

MONTH.

PERIOD

MORE

VARIES

ISSUED

WITH

THE

BY

WEEKLY

NUMBER

OF

REPORTING

DAYS

#

#
TABLE 3A

•

•

$

#

•

S

MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2/
AS OF 27 MAR 1 9 6 8
(AMOUNTS IN M I L L I O N S OF DOLLARS)

MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
TO
$500 MILLION

$ 5 0 0 M I L L ION

1/

$1 B I L L I O N ANDi OVER

-

CD'S

e

e

-

PRIME 3 /

1 9 6 8 MAR

28-31

OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
C I TY

$1 BILLION

TOTAL

775.7

42.4

94.4

156.6

482. 3

213. 0

127.9

141.4

APRIL

6,411.6

301.3

708.4

1,093.9

4,308.0

1,954.3

1,420.8

932.9

MAY

3,296.5

155.5

408.6

575.7

2, 1 5 6 . 7

1,006.5

734.3

415.9

JUNE

3,426.8

154.5

394.0

509.9

2,368.4

1,237.3

685.6

445.5

JULY

2,015.9

79.3

205.1

306.9

1,424.6

585.0

585.1

254.5

AUGUST

1,236.6

50.5

185.4

176.0

824. 7

337.2

296.3

19 1 . 2

SEPTEMBER

957.0

56.6

122.5

206.6

571.3

192.1

234.4

144.8

OCTOBER

477.2

19.2

50.4

80.0

327. 6

13C.9

137.0

59.7

NOVEMBER

283.5

10.5

44.0

49.5

179.5

75.7

59.1

44.7

DECEMBER

309.2

20.0

75.2

54.9

159.1

59.2

52.0

47.9

375.4

14.4

44.4

65.5

251.1

87.3

99.8

64.0

FEBRUARY

241.2

5.9

33.4

40.8

161. 1

36.5

101.3

23.3

MARCH

2C3.5

6.0

22.8

42.3

132. 4

41.4

53.8

37.2

APRIL
OR LATER

543.4

5.9

48.6

94.7

394.2

99.2

215.5

79.5

20,553.5

922.0

2,437.2

3,453.3

13,741.0

6,055.6

4,802.9

2,882.5

1 9 6 9 JANUARY

TOTAL *

TAX

RFiU n l i l UCfN
H « 1 IT I I O
,TUN Un /Vn C M N U MATIIQUK ITECt T 1 — —

JUNE 10

293.2

6.8

20.9

44.5

221.0

112.1

67.3

41.6

JUNE 17

417.7

9.1

31.4

51.9

325. 3

189.2

71.3

64.8

1,242.8

32.4

99.8

173.6

937.0

449.6

346.3

141.1

12

18

APRIL

15

NUMBER OF BANKS)

(MEMORANDUM:
264
1/
2/
3/
*

93

86

49

37

INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT CF CCNDITICN ON DECEMBER 3 1 , 1 9 6 5 .
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
TOTALS MAY NOT ADO DUE TO ROUNDING.




TABLE 39

SALES

/I/

CF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH 2 /
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 /
AS OF 2 7 MAR 1 9 6 8
(AMOUNTS I N M I L L I O N S OF DOLLARS)
SI

CD'S

MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 B I L L I O N

-

PRIME 4 /
TOTAL
NEW YORK
C I TY

—

1 9 6 8 MAR

B I L L I O N AND OVER

OUTSIDE
NEW YORK
CITY

NON-PRIME

26-31

APRIL

1,545.5

89.5

192.3

269.8

993.9

534.3

242.4

217.2

728.6

31.6

76.6

145.8

474.6

282.3

115.6

76.7

JUNE

1,185.3

68.4

172.3

190.9

753. 7

357.7

215.4

180.6

JULY

415.1

8.1

36.0

66.7

304.3

148.4

101.6

54.3

AUGUST

2 06.3

3.7

29.1

31.3

142.2

81.0

33.3

27.9

SEPTEMBER

490.5

30.7

79.1

99.6

2 81.1

82.4

114.0

84. 7

OCTOBER

82.1

2.5

3.2

10.7

65.7

25.2

31.9

8.6

NOVEMBER

25.1

0.8

2.7

7.6

14.0

3.3

6.5

4.2

DECEMBER

47.8

2.0

7.4

6.2

32.2

20.3

8.3

3.6

19.5

0.0

3.2

1.9

14.4

0. 8

8.4

5.2

24.7

0.0

3.5

2.8

18.4

1.3

15.3

1.8

201.8

6.2

22.4

43.6

129.6

51.8

44.0

33.8

4,972.3

243.5

627.8

876.9

3,224.1

1,588.8

936.7

698.6

MAY

1 9 6 9 JANUARY
FEBRUARY
MARCH
OR LATER
TOTAL *

(MEMORANDUM:

TAX

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

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

206.3

15.5

34.7

43.4

112. 7

68.0

24.8

19.9

37

7

12

18

JUNE

10

XXX

JUNE

17

APRIL

15

I MC MOD A KIM 1 U
M
264

93

86

NUMBER N C Q AMI/ C \
48

1 / SEE TECHNICAL APPENDIX A .
2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR PCPF ISSUED EY WFEKLY REPORTING BANKS.
3 / TOTAL OEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 1 9 6 5 .
4 / P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS CF EACH OTHER WITHIN THE SECONDARY MARKET.
*
TOTALS MAY NOT ADD DUE TO ROUNDING.




•

#
TABLE 3C

•

•

#

•

e

e

MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 /
AS OF 27 MAR 1963
PERCENTAGE DISTRIBUTION

IN

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
T0
$500 MILLION

$ 5 0 0 M I L L ION
TO
$1 B I L L I O N

1/

$1 B I L L I O N AND OVER

-

CD* S MATURING

—

PRIME 3 /
TOTAL
NEW YORK
CI TY

1 9 6 8 MAR

28-31

•

e

OUTSIDE
NEW YORK
CITY

NON-PRIME

3. 8

4.6

3.9

4.5

3.5

3.5

2.7

4.9

APR IL

31.2

32.7

29.1

31.7

31.4

32.3

29.6

32.4

MAY

16.0

16.9

16.8

16.7

15.7

16.6

15.3

14.4

JUNE

16.7

16.8

16.2

14.8

17.2

20.4

14.3

15.5

JULY

9.8

8.6

8.4

8.9

10.4

9.7

12.2

8.8

AUGUST

6.0

5.5

7.6

5.1

6. 0

5.6

6.2

6.6

SEPTEMBER

4.7

6.1

5.0

6.0

4.2

3.2

4.9

5.0

OCTOBER

2.3

2.1

2.1

2.3

2.4

2.2

2.9

2.1

NOVEMBER

1.4

1.1

1.8

1.4

1.3

1.3

1.2

1.6

DECEMBER

1.5

2.2

3.1

1.6

1.2

1.0

1.1

1.7

1.8

1.6

1.8

1.9

1.8

1.4

2.1

2.2

FEBRUARY

1.2

0.6

1.4

1.2

1.2

0. 6

2.1

0 .8

MARCH

1. 0

0.7

0.9

1.2

1.0

0. 7

1.1

1.3

APR IL
OR LATER

2.6

0.6

2.0

2.7

2.9

1.6

4.5

2.8

100.0

100.0

100.0

100.0

100.0

I 00.0

100.0

100.0

JUNE 10

1.4

0.7

0.9

1.3

1.6

1.9

1.4

1.4

JUNE

2. 0

1.0

1.3

1.5

2.4

3. 1

1.5

2.2

6.0

3.5

4.1

5.0

6.8

7.4

7.2

4.9

1 9 6 9 JANUARY

TOTAL *

APRIL

1/
2/
3/
*

17
15

INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR MGRE ISSUED RY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITICN ON DECEMBER 3 1 , 1 9 6 5 .
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
TOTALS MAY NOT ADD DUE TO ROUNDING.




TABLE

3D

MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 /
AS OF 2 7 MAR 1 9 6 8
CUMULATIVE PERCENTAGE

I /

$1 B I L L I O N AND OVER
CD'S

MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200
$500

MILLION
TO
MILLION

$500 MILLION
TO
$1 BILLION

-

PRIME 3 /
TOTAL
NEW YORK
CITY

1 9 6 8 MAR

28-31

OUTSIDE
NEW YORK
CITY

NON-PR I HE

3.8

4.6

3.9

4.5

3.5

3.5

2.7

4.9

APRIL

35.0

37.3

33.0

36.2

34.9

35. 8

32.3

37.3

MAY

51.0

54.2

49.8

52.9

50. 6

52.4

47.6

51.7

JUNE

67.7

71.0

66.0

67.7

67.8

72.8

61.9

67.2

JULY

77.5

79.6

74.4

76.6

78.2

82.5

74.1

76.0

AUGUST

83.5

85.1

82.0

81.7

84.2

88.1

80.3

82.6

SEPTEMBER

88.2

91.2

87.0

87.7

88.4

91.3

85.2

87.6

OCTOBER

90.5

93.3

89.1

90.0

90.8

93.5

88.1

89.7

NOVEMBER

91.9

94.4

90.9

91.4

92.1

94. 8

89.3

91.3

DECEMBER

93.4

96.6

94.0

93.0

93.3

95. 8

90.4

93.0

95.2

98.2

95.8

94.9

95.1

97.2

92.5

95.2

FEBRUARY

96.4

98.8

97.2

96.1

96. 3

97.8

94.6

96.0

MARCH

97.4

99.5

98.1

97.3

97.3

98.5

95.7

97.3

100.0

100.0

100.0

100.0

100.0

100. 0

1 9 6 9 JANUARY

APRIL
OR LATER

?/




;"MCES,=E:EMtY,r™"*c

B,ms

ARE

TABL E 3E

SALES

/I/

OF NEGOTIABLE TIME CERTIFICATES CF DEPOSIT SINCE PREVIOUS MONTH 2 /
AT WEEKLY REPORTING BANKS BY SI ZE OF BANKS 3 /
AS OF 2 7 MAR 1968
PERCENTAGE CISTRIBUTIOM
$1 B I L L I O N AND OVER

CO*S MATURING I N

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
TO
$500 MILLION

$ 5 0 0 M I L L ION
TO
$1 B I L L I O N

—

PRIME 4 /
TOTAL

1 9 6 8 MAR

OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CI TY
28-31

APRIL

31. 1

36.8

30.6

30.8

30.8

33.6

25.9

31.1

MAY

14. 7

13.0

12.2

16.6

14.7

17. 8

12.3

11.0

JUNE

23.8

28.1

27.4

21.8

23.4

22.5

23.0

25.9

JULY

8.3

3.3

5.7

7.6

9.4

9.3

10.8

7.8

AUGUST

4. 1

1.5

4.6

3.6

4.4

5.1

3.6

4.0

SEPTEMBER

9.9

12.6

12.6

11.4

8. 7

5.2

12.2

12.1

OCTOBER

1. 7

1.0

0.5

1.2

2.0

3.4

NOVEMBER

0.5

0.3

0.4

0.9

0.4

1.6
0.2

0.7

1.2
0.6

DECEMBER

1.0

0.8

1.2

0.7

1.0

1.3

0.9

0.5

0.4

0.0

0.5

0.2

0.4

0. 1

0.9

0.7

FEBRUARY

0. 5

0.0

0.6

0.3

0.6

0. 1

1.6

0.3

MARCH
OR LATER

4.1

2.5

3.6

5.0

4.0

3.3

4.7

4.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1 9 6 9 JANUARY

TOTAL *

—
JUNE

17

APRIL

15

TAX

AND DIVIDEND M A T U R I T I E S )

XXX

10

JUNE

(MEMORANDUM:

XXX
4.1

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

5.5

4.9

3.5

4.3

6.4

(MEMORANDUM:
264

93

2.8

2.6

NUMBER OF BANKS)
86

48

37

12

1 / SEE TECHNICAL APPENDIX A .
2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CR PCPE ISSUED BY WEEKLY REPORTING BANKS.
3 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 1 9 6 5 .
4 / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARCEO AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS CF EACH OTHER WITHIN THE SECONDARY MARKET.
*
TOTALS MAY NOT ADD DUE TO ROUNDING.




18

I

#

T A B S 4A

#

#

C E R T I F I C A T E S OF D E P O S I T

1/

AVERAGE M A T U R I T Y
OF
OUTSTANDING NEGOTIABLE
AT WEEKLY

TIME

REPORTING BANKS

AT VARIOUS
(IN

SURVEY

DATES

MONTHS)

DATE OF

BANK C L A S S I F I C A T I O N
2 7 MAR 1 9 6 8

28
(BY

ALL

FEB

SURVEY
1968

31

JAN 1 9 6 8

LOCATION)

REPORTING BANKS
ISSUING CD'S

2.9

2.9

2.9

NEW YORK C I T Y

2.6

2.6

2.5

CHICAGO

2.9

2.7

2.7

OTHER

3.1

3. 1

3.2

(BY
UNDER

$200

$200— $ 5 0 0

MILLION

OVER

SI

PRIME

OUTSIDE

NEW YORK C I T Y

3/

NON-PRIME

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

2/

TOTAL

I N DENOMINATIONS

D E P O S I T S AS REPORTED




IN

THE

CALL

OF $ 1 0 0 , 0 0 0
REPORT

2.9

3. 0

2.9

2. 9

2.6

3/

3.3

2.9

NEW YORK C I T Y

3.0

2.6

2.5

3.3

3.2

3.3

3.0

IN

2. 9

3.0

BILLION

2.7

3.0

MILLION

PRIME

1/

2/

2.6

MILLION

$500—$1T000

S I Z E OF BANK )

2.9

3. 0

CR MORE

ISSUED

BY WEEKLY REPORTING B A N K S .

OF C O N D I T I O N ON DECEMBER

3 1,

1965.

TABLE

4B

AVERAGE M A T U R I T Y
OF
NEGOTIABLE TIME

CERTIFICATES

SOLD BY WEEKLY
DURING THE

OF D E P O S I T

1/

R E P O R T I N G BANKS

MONTH OF V A R I O U S

SURVEYS

< I N MONTHS)

DATE OF

SURVEY

BANK C L A S S I F I C A T I O N
27

MAR

1968

28

FEB

1968

3i

JAN

1968

(BY LOCATION)
ALL

R E P O R T I N G BANKS
ISSUING

CD'S

2.9

3.2

2. 7

NEW YORK C I T Y

2.6

3.1

2. 3

CHICAGO

3.4

4.0

2.6

OTHER

3.0

3.1

2.9

(BY

UNDER

$200

$2 00— $5 0 0

OVER

$1

NEW YORK C I T Y

PRIME

OUTSIDE

NEW YORK C I T Y

3/

NON-PRIME

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

2/

TOTAL

3/

P R I M E BANKS ARE THOSE
WHICH ARE REPORTED BY

DEPOSITS

AS

IN

DENOMINATIONS

REPORTED

IN

THE C A L L

OF

$100,000

REP CRT

3.0

2. 8

3.3

2.6

2.6

3/

3.2

3.1

2.3

3.4

3.9

2.9

3.0

IN

2.8

2.9

BILLION

2.9

3.0

MILLION

2.6

2.9

MILLION

PRIME

1/

2/

2.5

MILLION

$500—$19000

S I Z E OF BANK )

2.9

2.6

OR MORE

ISSUED

CF C O N D I T I O N ON

BY WEEKLY R E P O R T I N G

CECEMBER

3 1,

BANKS.

1965.

WHOSE N E G O T I A B L E C E R T I F I C A T E S CF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
D E A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET.

Digitized for N O T E — S E E T E C H N I C A L APPEND I X B .
FRASER


#

#

#

#

$

#

#

E

E

#

TABL E 5 A
RATIO OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT

1/

TO TOTAL DEPOSITS

>

AT VARIOUS SURVEY DATES
(PER CENT)

DATE OF SURVEY

(IN

TOTAL DEPOSITS 2 /
M I L L I O N S OF DOLLARS)

27 MAR 1968

A L L BANKS I S S U I N G
CD'S

28 FEB

1968

3 1 JAN 1 9 6 8

10.1

10.3

10.1

UNDER 2 0 0

6.3

6.3

6. 0

200 -

500

8.2

8.1

7. 7

500 -

1000

9.7

9.8

9.3

11.2

11.4

11.3

13.0

13.3

13. 3

9.4

9.7

9.5

11.7

11.6

11.3

OVER 1 0 0 0
PRIME

IN

NEW YORK 3 /

PRIME OUTSIDE NEW YORK 3 /
NONPRIME
1/

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

2/

TOTAL DEPOSITS AS REPORTED I N

3/

PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.

NOTE-

I N DENOMINATIONS

OF $ 1 0 0 , 0 0 0

THE CALL REPCRT

D E P O S I T S I N THE DENOMINATOR OF THE RATIO
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .




OR MORE ISSUED BY WEEKLY REPORTING BANKS.

CF CONDITION ON DECEMBER

IN T H I S

31,

1965.

TABLE ARE TOTAL DEMAND AND TIMF

DEPOSITS,

INCLUDING

T A B L E 5R
R A T I O OF OUTSTANDING NEGOTIABLE

T I M E C E R T I F I C A T E S OF D E P O S I T

TC TOTAL

DEPOSITS

AS CF 2 7

MAR

1/

1968

(NUMBER OF BANKS >

TOTAL OEPOSI TS 2 /
C IN

ALL

MILLIONS

OF DOLLARS)

5%
OR
LESS

BANKS I S S U I N G
CD'S

10

5
TO

15
TO

TO

15%

10%

20
TO
25%

20%

25%
OR
MORE

103

65

59

23

AVERAGE CD
TO DEPOSIT
R A T I O (PER CENT)

10.1

12

UNDER

200

50

25

11

4

3

0

6.3

200 -

500

38

17

19

8

2

2

8.2

500 -

1000

13

13

13

5

4

0

9.7

2

10

16

6

3

0

11.2

0

0

5

2

0

0

13.0

0

7

2

2

1

0

9.4

2

3

9

2

2

0

11.7

OVER

1000

PRIME

IN

NEW YORK 3 /

PRIME O U T S I D E

NEW YORK 3 /

NONPRI ME

1/

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

2/

TOTAL D E P O S I T S AS REPORTED

3/

P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N I OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET.

NOTE-

I N DENOMINATIONS
IN

OF $ 1 0 0 , 0 0 0

THE CALL REPORT

D E P O S I T S I N THE DENOMINATOR OF THE R A T I O
INTERBANK AND U . S . GOVERNMENT D E P O S I T S ,




OR MORE

ISSUED BY WEEKLY REPORTING

OF C O N D I T I O N ON

IN THIS

DECEMBER

31,

BANKS.

1965.

T A B L E ARE TOTAL DEMAND AND T I M E

DEPOSITS,

INCLUDING

TABLE 5C

PER

CENT CHANGE

I N O U T S T A N D I N G NEGOTIABLE
28

FEB

1968

TO 2 7 MAR

(NUMBER OF

ALL

MILLIONS

BANKS
CD'S

C D ' S TO
ZERO

OF D O L L A R S !

10% OR
MORE

5 TO
10%

OF D E P O S I T

/I

1968

BANKS)

D E C L I N E S OF

TOTAL D E P O S I T S 2 /
I IN

TIME CERTIFICATE

5% OR
LESS

NO
CHANGE

I N C R E A S E S OF
—
5% OR
5 TO
10% OR
LESS
10%
MORE

I S S U E D C D ' S BUT
HAD NONE OUT STANDI N G ON BASE DATE

ISSUING
35

34

69

29

46

32

29

UNDER

200

0

14

10

13

19

16

15

12

0

200 -

500

0

12

9

26

8

13

7

13

0

500 -

1000

1

5

7

18

2

9

6

3

0

0

4

8

12

0

8

4

1

0

0

1

2

2

0

2

0

0

0

0

2

2

6

0

2

0

0

0

0

1

4

4

0

4

4

1

0

OF $ 1 0 0 , 0 0 0

OR MORE

OVER

1000

PRIME

IN

NEW YORK 3 /

PRIME

OUTSIDE

NEW YORK 3 /

NONPRIME

1/

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

2/

TOTAL D E P O S I T S

3/

P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
W H I C H ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET.

NOTE-

I N DENOMINATIONS

AS REPORTED

IN

THE CALL REPORT

ISSUED

BY WEEKLY R E P O R T I N G

CF C O N D I T I O N ON DECEMBER

31,

1965

BANKS.

•

THE NUMBER OF BANKS I N T H I S TABLE D I F F E R S FROM THOSE I N MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD O U T S T A N D I N G C D ' S ON THE LAST SURVEY REDUCED T H E I R O U T S T A N D I N G S TO ZERO ON T H I S S U R V E Y .




TABLE 50
PER CENT CHANGE I N OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT

/I

27 DEC 1967 TO 27 MAR 1968
(NUMBER OF BANKS)

TOTAL DEPOSITS / 2
C IN M I L L I O N S OF DOLLARS)

ALL BANKS
CD'S

REDUCED
C D • S 25%
TO
OR
ZERO
MORE

INCREASE OF

DECLINES OF
5
TO
10%

10
TO
15%

15
TO
20%

20
TO
25%

5%
OR
LESS

ISSUING

NO
CHANGE

5%
OR
LESS

5
TO
10%

15%

25%
OR
MORE

20
TO
25%

15
TO
2 0%

10
TO

ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE

2

22

3

8

19

16

26

18

32

22

31

13

11

52

0

UNDER 2 0 0

0

11

2

1

6

4

7

12

5

7

9

4

4

27

0

200 -

500

0

9

0

2

5

6

11

5

13

8

9

3

3

14

0

500 -

1000

2

1

1

1

5

5

3

1

10

4

7

1

3

7

0

0

1

0

4

3

1

5

0

4

3

6

5

1

4

0

0

1

0

2

1

0

2

0

0

1

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3 /

0

0

0

1

2

1

2

0

0

0

2

2

1

1

0

NONPRIME

0

0

0

1

0

0

1

0

4

2

4

3

0

3

0

OVER

1000

PRIME

IN NEW YORK 3 /

1/

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

2/

TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT

3/

PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

NOTE-

I N DENOMINATIONS

OF $ 1 0 0 , 0 0 0

OR MORE ISSUED BY WEEKLY REPORTING BANKS.

CF CONDITION ON DECEMBER 3 I t

1965.

THE NUMBER OF BANKS I N T H I S TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
OUTSTANDINGS TO ZERO.




#

e

#

#

#

#

#

#

e

#

TABLE 5 E
CHANGE

IN

OUTSTANDING N E G O T I A B L E T I M E

OVER THE MONTH AS
AT

THE

28

A PER CENT

I IN

ALL

MILLIONS

FEB

1968

BANKS
CD'S

DECLINES

OF D O L L A R S )

3%
AND
OVER

2
TO
3%

OF TOTAL

B E G I N N I N G OF T H E
TO 2 7 MAR

(NUMBER OF

TOTAL D E P O S I T S 2 /

C E R T I F I C A T E S OF D E P O S I T
DEPOSITS

,

PERIOD
1968

BANKS)

OF
1
TO
2%

1/

I N C R E A S E S OF
IS
ANO
LESS

NO
CHANGE

IX
AND
LESS

1
TO
2*

2
TO
3%

3%
AND
OVER

ISSUING
3

5

16

119

19

81

16

3

2

UNDER

200

1

1

3

33

13

36

4

2

0

200 -

500

0

1

6

43

6

20

8

I

1

500 -

1000

1

0

3

26

0

15

2

0

1

1

3

4

17

0

2

0

0

0

1

4

0

2

0

2

0

0

0

2

0

0

OVER

1000

PRIME

IN

NEW YORK 3 /

PRIME

OUTSIDE

NEW YORK 3

/

0

NONPRIME

0

2
1

7

0

0

3

6

0

OR MORE

ISSUED

0

2/

TOTAL D E P O S I T S AS REPORTED

3/

P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
W H I C H ARE REPORTED B > DEALERS TO TRADE W I T H I N 1 OR 2 BASIS P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET.




THE CALL

REPORT

D E P O S I T S I N THE DENOMINATOR OF THE R A T I O
I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S .

OF C O N D I T I O N

IN THIS

TABLE

BY WEEKLY R E P O R T I N G

0

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

IN

OF $ 1 0 0 , 0 0 0

6

0

1/

NOTE-

I N DENOMINATIONS

1

1

ON DECEMBER

ARE TOTAL

31,

BANKS.

1965.

DEMAND ANO T I M E

DEPOSITS,

INCLUDING

#

*

#

#

#

#

#

*

#

#

(

TABLE 5F
CHANGE

I N OUTSTANDING NEGOTIABLE

OVER THE LAST THREE MONTHS

AS

TIME

C E R T I F I C A T E S OF D E P O S I T

1/

A PER CENT OF TOTAL D E P O S I T S

'

AT THE B E G I N N I N G OF THE PER IOO
27

DEC 1 9 6 7

TO 2 7 MAR

(NUMBER OF

TOTAL D E P O S I T S
( IN M I L L I O N S

ALL

DECLINES

2/

OF DOLLARS)

BANKS I S S U I N G
CO* s

5%
AND
OVER

3
TO
4%

4
TO
5%

1968

BANKS 1

I N C R E A S E S OF

OF
1%
AND
LESS

1
TO
23

2
TO
3%

NO
CHANGE

IX
AND
UNDER

5%
AND
OVER

4
TO
5%

3
TO
4%

2
TO
3%

1
TO
2%

0

1

5

8

21

62

9

80

39

20

9

5

5

UNDER

200

0

0

4

2

7

18

6

30

13

6

4

2

I

200 -

500

0

0

0

2

5

27

3

25

11

8

2

1

2

500 -

1000

0

0

0

1

5

12

0

15

7

2

2

2

2

0

1

I

3

4

5

0

10

8

4

1

0

0

0

1

0

2

1

2

0

1

0

0

0

0

0

0

0

1

0

3

2

0

2

3

1

0

0

0

0

0

0

1

0

1

0

7

5

3

1

0

0

OVER

1000

PRIME

IN

NEW YORK

PRIME OUTSIDE

3/

NEW YORK 3 /

NONPR IME

1/

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

2/

TOTAL

3/

P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY MARKET.

NOTE-




I N DENOMINATIONS

D E P O S I T S AS REPORTED

IN

OF

$100,000

THE CALL REPORT

D E P O S I T S I N THE DENOMINATOR OF THE R A T I C
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .

OR MORE

I S S U E D BY WEEKLY R E P O R T I N G BANKS.

CF C O N D I T I O N ON DECEMBER

IN T H I S

31,

1965.

TABLE ARE TOTAL DEMAND AND T I M E

DEPOSITS,

INCLUDING

#

#

#

#

#

#

#

#

#

#

I

T ABL E 6 A
MATURI TY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE O I S T R I C T

OF DEPOSIT 1 /

AS OF 27 MAR 1 9 6 8
(AMOUNTS
CD*S MATURING

1 9 6 8 MAR

IN

28-MAR

ALL
DISTRICTS
31

BOSTON

NEW
YORK

I N M I L L I O N S OF DOLLARS)

PHILADELPHIA

CLEVELAND

R IC H MOND
ATLANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

775.7

34.5

332.9

28.8

46.6

15.7

21.7

121.6

12. 1

12.3

9.7

48.6

91.2

APR

6411.5

3 75.8

2524.3

164.3

434. 1

78.4

190.9

768 . 6

111.8

115.9

149.5

452.2

1045.7

MAY

3296. 5

230.3

1257.0

95.6

235 . 1

58.5

75.9

419.0

69.3

55.9

91.5

206.6

501.8

J UN

3427.0

229.9

1516.1

114.2

171.5

46.1

78.7

457.4

59. 3

44.1

65.8

156.1

487.8

JUL

2015.9

88.4

721.7

49.9

164.5

23.5

49.8

323.4

34.7

15.4

38.7

142.8

363.1

AUG

1236.7

52.8

441.1

45.8

135.7

9.9

24.0

172.7

25. 0

10. 1

14.7

73.7

231.2

SEP

957. 1

53.1

299.6

32.2

71.6

39.6

33.4

168.4

24.3

9. 7

26.8

66.2

132.2

OCT

477.2

59.3

155.1

11.5

44.0

13.5

9.0

82.8

6.2

3.9

7.0

19.7

65.2

NOV

283.6

24.8

100.0

8.4

15.4

7.3

9.1

48.3

5.6

I. 3

3.8

17.2

42.4

DEC

309.3

10.7

80.7

12.5

29. 1

28.5

9.4

31.7

10.6

• 6. 8

10.3

31.2

47.8

JAN

375.4

15.4

113.9

16.5

25.2

3.2

13.5

49.0

5.2

4.5

4.7

36.5

87.8

FEB

241.2

13.6

52.9

3.9

13.2

8.3

10.1

41.5

5.4

0.9

1.9

15.3

74.2

MAR

2C3.6

6.6

60.6

16.9

9.1

1.7

6.7

24.5

6. 1

0.2

4.2

14.8

52.2

APR OR LATER

543.4

30.7

131.7

28.8

158.5

13.7

20.3

62.4

5.4

0.0

0.0

24.9

67.0

20554.1

1225.9

7787.6

629.3

1553.6

347.9

552.5

2771.3

381.0

281.0

428.6

1305.8

3289.6

AVERAGE MATURITY
IN MONTHS 2 /

2.9

2.8

2.6

3.4

3.7

3.8

3.1

3.0

2. 9

2.0

2.4

2 .9

3.0

NUMBER OF REPORTING
BANKS

264

18

47

10

20

15

21

36

10

5

21

25

36

1969

TOTAL *

1/

INCLUDES ONLY C E R T I F I C A T E S ISSUED I N OENOMINAT ICNS

2/

SEE TECHNICAL APPENDIX

*

B.

D E T A I L S MAY NOT ADD TO TOTALS DUE TO ROUNDING.




OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS.

#

#

#

#

#

#

#

#

#

#

TABLE 68
1/
2/
SALES CF NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T

*

AS OF 27 MAR 1 9 6 8
(AMOUNTS

I N M I L L I O N S OF DOLLARS)

ST.
LOUI S

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

137.4

39.7

20.2

26.7

126.8

199.8

10.7

80.8

10.6

14.5

18.1

38.0

68 . 0

18.6

35.7

173.5

29.4

13.5

27.5

72.8

186.0

14.5

1.3

7.3

76.3

11.2

1.8

6.3

9.4

68.7

9.6

18.5

1.7

1.7

34.9

3. 8

1.3

1.1

10.4

17.3

131.9

16.9

25.0

24.8

25.1

90.7

14. 7

4.2

20.7

43.5

74.4

7.6

30.4

4.1

2.5

0.3

0.2

23.5

2.9

1.1

0.6

1 .0

13.3

25.2

4.0

9.8

0.1

1.0

0.3

0.0

3.0

1. 7

0. 0

0.4

0.9

4.0

DEC

47. 8

1.5

23.3

1.6

1.1

0.9

0.0

8.0

1.0

1.5

1.2

1.6

6.1

JAN

19.9

0.5

2.4

0.0

3.7

0.2

2.6

1.0

1.0

0.0

0.1

0.4

9.0

FEB

24.6

0.3

2.7

0.1

0.5

0.4

0.4

1.9

1.1

0.0

0. 1

1.1

16.0

202.1

6.9

69.8

13.8

6. 1

3.6

4.9

21.2

6. 9

0.0

4.2

14.0

50.7

4978.5

282.9

2051.2

163.6

256.1

79.0

172.2

652.2

124.0

58.1

1 07.0

319.9

712.3

2.9

2.5

2.6

3.5

2.7

3.6

2.4

3.2

3.2

2.2

3.0

2.7

3.4

ALL
DISTRICTS

BOSTON

1 9 6 8 APR

1545.6

92.7

695.4

MAY

72 8 . 7

48.6

J UN

1185.2

JUL

C D ' S MATURING

IN

RICHMOND

ATLANTA

33.5

73.5

16. 3

83.6

352.0

19.1

57.7

10.6

75.9

455.9

44.4

52.0

415.1

17.1

180.8

20.4

AUG

206.4

9.3

96.8

SEP

490.4

18.5

OCT

87. 5

NOV

1969

CLEVELAND

MAR OR LATER
TOTAL

*

AVERAGE MATURITY
I N MONTHS 3 /
1/

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

3/

SEE TECHNICAL APPENDIX

PH I L A DE L PHI A

CHICAGO

SEE TECHNICAL APPENOI X A .

2/

NEW
YORK

*

DETAILS

ISSUED I N DENOMINATIONS

B.

MAY NOT ADD TO TOTALS DUE TO ROUNDING.




OF $ 1 0 0 , 0 0 0

OR MORE BY WEEKLY REPORTING BANKS.

#

#

#

#

#

#

#

#

#

TABLE 6C
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T

1/

AS OF 27 MAR 1 9 6 8
(PERCENTAGE

C D ' S MATURING

1 9 6 8 MAR

IN

2 8 •-MAR

ALL
DISTRICTS
31

BOSTON

NEW
YORK

DISTRIBUTION)

PHI L A DELPHI A

CLEVELAND

R ICH—
MONO ATLANTA

CHICAGO

ST.
LOUI S

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

2.8

3. 8

4.3

4 .6

3.0

4.5

3.9

4.4

3.2

4.4

2.3

3.7

2.8

APR

31.2

30.7

32.4

26.1

27.9

22.5

34.6

27.7

29. 3

41.2

34.9

34.6

31.8

MAY

16.0

18.8

16.1

15.2

15.1

16.8

13.7

15.1

18.2

19.9

21.3

15.8

15.3

J UN

16. 7

18.8

19.5

18.1

11.0

13.3

14.2

16.5

15.6

15.7

15.4

12.0

14.8

JUL

9.8

7.2

9.3

7.9

10.6

6.8

9.0

11.7

9.1

5.5

9.0

10.9

11.0

AUG

6. 0

4.3

5.7

7.3

8.7

2.8

4.3

6.2

6. 6

3.6

3.4

5.6

7.0

SEP

4.7

4.3

3.8

5.1

4.6

11.4

6.0

6.1

6.4

3.5

6.3

5.1

4.0

OCT

2.3

4.8

2.0

1.8

2.8

3.9

1 .6

3.0

1.6

1.4

1.6

1.5

2.0

NOV

1.4

2.0

1.3

1.3

1.0

2.1

1.6

1.7

1.5

0.5

0.9

1.3

1.3

DEC

1.5

0.9

1.0

2.0

1.9

8.2

1.7

1.1

2. 8

2.4

2.4

2.4

1.5

1 9 6 9 JAN

1.8

1.3

1.5

2.6

1.6

0.9

2.4

1.8

1.4

1.6

1. 1

2.8

2.7

FEB

1.2

1.1

0.7

0.6

0.8

2.4

1.8

1.5

1.4

0.3

0.4

1.2

2.3

MAR

1.0

0.5

0.8

2.7

0.6

0.5

1.2

0.9

1.6

0.1

1.0

1.1

1.6

APR OR LATER

2. 6

2.5

1.7

4 .6

10.2

3.9

3.7

2.3

1.4

0. 0

0. 0

1.9

2 .0

100. 0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1 00.0

100.0

100.0

TOTAL *
1/

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




I N DENOMINATIONS

OF $ 1 0 0 , 0 0 0

OR MORE BY WEEKLY REPORTING BANKS.

•

•

•

•

•

•

•

•

•

•

TABLE 6C
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE CISTR ICT

1/

AS OF 27 MAR 1 9 6 8
(CUMULATIVE PERCENTAGE)

ST.
LOUI S

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

4.4

3.2

4.4

2.3

3.7

2.8

38.5

32.1

32.5

45.6

37.2

38.3

34.6

43.8

52.2

47.2

50. 7

65.5

58.5

54.1

49.9

57.0

57. 1

66.4

63.7

66.3

81.2

73.9

66.1

64.7

71.9

67.6

63.9

75.4

75.4

75.4

86.7

82.9

77.0

75.7

87.3

79.2

76.3

66.7

79.7

81.6

82.0

90.3

86.3

82.6

82.7

86.9

91.1

84.3

80.9

78.1

85.7

87.7

88.4

93.8

92.6

87.7

86.7

90.5

91.7

93.1

86.1

83.7

82.0

87.3

90.7

90.0

95.2

94.2

89.2

88.7

NOV

91.9

93.7

94.4

87.4

84.7

84.1

88.9

92.4

91.5

95.7

95.1

90.5

90.0

DEC

93.4

94.6

95.4

89.4

86.6

92.3

90.6

93.5

94.3

98.1

97.5

92.9

91.5

1 9 6 9 JAN

95.2

95.9

96.9

92.0

88.2

93.2

93.0

95.3

95. 7

. 99.7

98.6

95.7

94.2

FEB

96.4

97.0

97.6

92.6

89.0

95.6

94.8

96.8

97.1

100.0

99.0

96.9

96.5

MAR

97.4

97.5

98.4

95.3

89.6

96.1

96.0

97.7

98. 7

100. 1

100.0

98.0

98.1

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

ALL
DI S TRICTS

BOSTON

3.8

2.8

APR

35.0

MAY

C D ' S MATURING

IN

PHILADELPHIA

CLEVELAND

RICHMOM D

ATLANTA

4.3

4.6

3.0

4.5

3 .9

33.5

36.7

30.7

30.9

27.0

51. 0

52.3

52.8

45.9

46.0

JUN

67. 7

71.1

72.3

64.0

JUL

77.5

78.3

81.6

AUG

83.5

82.6

SEP

88.2

OCT

1 9 6 8 MAR 28 -MAR

31

APR OR LATER
1/

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




NEW
YORK

ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0

CHICAGO

OR MORE BY WEEKLY REPORTING BANKS.

TABLE 66
1/
2/
SALES OF NEGOTIABLE T I M E CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 2 7 MAR 1 9 6 8
(PERCENTAGE
ALL
DISTRICTS
1968

BOSTON

NEW
YORK

DISTRIBUTION)

PHILADELPHIA

CLEVELAND

RICHMOND ATLANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

SAN
FRAN-

KANSAS
CITY

31. 0

32.8

33.9

20.5

28.7

20.6

48.5

21.1

32.0

34.8

25.0

39.6

28.0

MAY

14.6

17.2

17.2

11.7

22.5

13.4

6.2

12.4

8.5

25.0

16.9

11.9

9.5

J UN

23. 8

26.8

22.2

27.1

20.3

23.5

20. 7

26.6

23.7

23.2

25.7

22.8

26.1

JUL

8.3

6.0

8.8

12.5

5.7

1.6

4.2

11.7

9. 0

3.1

5.9

2.9

9.6

AUG

4. 1

3.3

4.7

5.9

7.2

2.2

1 .0

5.4

3.1

2.2

1.0

3.3

2.4

SEP

9.9

6.5

6.4

10.3

9.8

31.4

14.6

13.9

11.9

7.2

19.3

13.6

10.4

OCT

1.8

2.7

1.5

2.5

1.0

0.4

0.1

3.6

2.3

1.9

0.6

0.3

1 .9

NOV

0.5

1.4

0.5

0.1

0.4

0.4

0.0

0.5

1.4

0.0

0.4

0.3

0 .6

DEC

1.0

0.5

1.1

1.0

0.4

1.1

0.0

1.2

0. 8

2.6

1.1

0.5

0.9

JAN

0.4

0.2

0.1

0.0

1.4

0.3

1.5

0.2

0. 8

0.0

0.1

0.1

1.1

FEB

0. 5

0.1

0.1

0.1

0.2

0.5

0.2

0.3

0. 9

. 0.0

0.1

0.3

2.2

MAR OR LATER

1969

APR

4. 1

2.4

3.4

8.4

2.4

4.6

2.8

3.3

5.6

0.0

3.9

4.4

7.1

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

NOTE *

SALES I N

THIS

D E T A I L S MAY NOT ADD




ISSUED

I N DENOMI NAT ICNS

TABLE ARE NOT ADJUSTED FOR C D ' S
TO TOTALS DUE TO ROUNDING.

OF $ 100,OOO OR MORE BY WEEKLY REPORTING BANKS.
THAT HAVE MATURED.

TECHNICAL APPENDIX A
DERVIATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT

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

Outstanding CD's maturing in each month of the previous survey are

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 last 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 on outstandings 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 currect 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 regulation's 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 C D ' 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 compatibility 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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102