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L.4.1 CONFIDENTIAL (FR) April 22, 1974 A-| ^ HANK o - R e s e a r d t <- ± > r w y SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS as of March 27, 1974 NOTE: Sales since the previous survey and comparison with previous data reflect revisions in the February report whereby $3.2 million in outstanding negotiable CD's have been deducted from the series. Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE MATURITY D I S T R I B U T I O N OF OUTSTANDING WEEKLY NEGOTIABLE REPORTING AS OF CD'S MATURING AMOUNT ( M I L L I O N S OF DOLLARS) IN 2 7 MAR 1/ T I M E C E R T I F I C A T E S OF D E P O S I T AT BANKS 1974 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE SALES SINCE P R E V I O U S M O N T H 2/ ( M I L L I O N S OF D O L L A R S ) 3,808,4 5.6 5.6 APRIL 30.151.5 44.3 49.9 13,902.2 MAY 14.654.6 21.5 71.4 7.925.4 JUNE 7,990.4 11.7 83.1 4.143.5 JULY 3,517.2 5.2 88.3 1,066.0 AUGUST 2,166.6 3.2 91.5 279.3 SEPTEMBER 1.262.4 1.9 93.4 622.8 OCTOBER 667.7 1.0 94.4 86.5 NOVEMREH 382.4 95.0 73.0 DECEMBER 548.8 95.8 75.9 96.6 46.1 1974 M A R C H . 2 6 - 31 516.0 .6 .8 .8 FEBRUARY 451.5 .7 97.3 45.5 MARCH 656.5 1.0 98.3 628.1 1.254.5 1.8 100.0 XXX 68,028.3 100.0 XXX 28,894.2 1975 JANUARY OVER 12 M O N T H S TOTAL TAX (MEMORANDUM: 1/ INCLUDES ONLY CERTIFICATES 2/ SEE APPENDIX A. MATURING AFTER TECHNICAL 1 S A L E S OF C D S IN D E N O M I N A T I O N S 11 M O N T H S . AND DIVIDEND MATURITIES) 1.0 1.0 654.4 710.2 3,238.9 J U N E 10 J U N E 17 A P R I L 15 3/ I XXX XXX XXX 4.fa OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY 1,369.2 REPORTING BANKS. 3/ T A B L E 2A 1/ MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T NEW Y O R K C I T Y , C H I C A G O . A N D A L L O T H E R W E E K L Y R E P O R T I N G B A N K S AS OF 2 7 MAR (IN M I L L I O N S OF NEW CD'S MATURING IN AMOUNT 1974 MAR 28 - MAR 31 YORK DOLLARS) CHICAGO AMOUNT ALL O T H E R SALES PREVIOUS 2/ SINCE MONTH WEEKLY AMOUNT 2/ REPORTING SALES PREVIOUS .0 357.5 .0 2,240.4 .0 APRIL 9,176.0 4,401.4 3,905.5 1,629.2 17,070.0 7,871.7 MAY 5,035.1 2,467.3 1,498.8 945.7 8,120.7 4,512.4 JUNE 3,116.5 1,489.6 77U.U 560.4 4,103.9 2,093.6 JULY 1,331.8 362.5 293.3 189.3 1,892.1 514.2 AUGUST 743.2 111.9 144.2 22.4 1,279.2 145.0 SEPTEMBER 267.2 157.2 79. J 38.3 916.0 427.4 OCTOBER 61.0 13.7 51.0 2.2 555.7 70.6 NOVEMBER 42.8 5.4 18.0 .5 321.6 67.2 DECEMBER 121.8 3.7 26.2 3.1 400 .8 69.1 29.4 6.9 ?5.7 .2 460.9 39.0 9.2 2.0 3.3 .4 439.0 43.2 82.2 53.4 .1/3 439.7 361.8 60.3 XXX 31.J XXX 1,056.4 XXX 21,286.9 9,075.0 7,232.2 3,391.6 39,296.4 16,215.2 FEBRUARY MARCH OVER 12 M O N T H S TOTAL NUMBER OF * REPORTING BANKS /3 28.1 12 10 17 220.4 311.7 1,059.8 APRIL lb INCLUDES 2 / SEE ONLY TECHNICAL 3/ S A L E S OF CD'S CERTIFICATES APPENDIX MATURING, A F T E R 11 M O N T H S . http://fraser.stlouisfed.org/ * T O T A L S M A Y N O T ADD DUE TO H O U N D I N G . Federal Reserve Bank of St. Louis TAX AND OF DIVIDEND 31.2 51,0 591.1 371.5 IN D E N O M I N A T I O N A. 237 11 (MEMORANDUM: JUNE JUNE - $100,000 OR MORE ISSUED MATURITIES) 402.8 347.5 1,588.0 227.3 BY WEEKLY REPORTING BANKS. BANKS SINCE MONTH 1,210.4 1975 JANUARY 1/ 1974 CITY SALES SINCE PREVIOUS MONTH AT 770.5 /3 2/ TABLE 2B 1/ MATURITY D I S T R I B U T I O N OF NEW YORK OUTSTANDING NEGOTIABLE C I T Y , CHICAGO. AND AS OF 27 MAR YORK 2 7 MAR 0-6 DAYS 2/ OTHER 1974 A N D (PERCENTAGE NEW ALL TIME C E R T I F I C A T E S OF WEEKLY 27 FEB REPORTING DEPOSIT AT BANKS 1974 DISTRIBUTION) CITY CHICAGO 27 FEB 27 M A R ALL 27 F E B OTHER 2 7 MAR 27 FEB 5.7 2.2 4.9 4.9 5.7 3.2 43.1 43.8 54.0 39.9 43.4 43.5 02 M O N T H S 23.7 23.4 20.7 36.1 20.7 23.5 03 M O N T H S 14.6 12.6 10.6 8.8 10.4 9.2 04 M O N T H S 6.3 8.0 4.1 3.3 4.8 5.1 05 M O N T H S 3.5 4.8 2.0 1.7 3.3 3.5 06 M O N T H S 1.3 3.1 1.1 1.9 2.3 2.9 07 M O N T H S .3 .5 .7 .7 1.4 1.3 08 M O N T H S .2 .2 .2 .8 .8 1.2 09 M O N T H S .6 .2 .4 .3 1.0 .7 10 M O N T H S •1 .6 .4 .4 1.2 .8 11 M O N T H S .0 .1 .0 .4 1.1 1.1 12 M O N T H S .4 .0 .4 .0 1.1 1.0 .3 •4 .4 .9 2.7 2.9 100.0 100.0 100.0 100.0 UL OVER MONTHS 3/ 12 M O N T H S TOTAL * 100.0 1/ I N C L U D E S O N L Y BANKS• CERTIFICATES 100.0 IN D E N O M I N A T I O N S OF $100»000 ? / N U M B E R OF FOLLOWING D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S P E R I O D T H E L A S T W E D N E S D A Y OF THE M O N T H . 3/ NUMBER MONTHS FOLLOWING OF THE SURVEY * T O T A L S M A Y N O T ADD D U E TO R O U N D I N G . MONTH. OR MORE VARIES ISSUED WITH BY WEEKLY THE NUMBER OF REPORTING DAYS T A B L E 2C 1/ M A T U R I T Y D I S T R I B U T I O N OF NEW O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T YORK CITYI CHICAGO* AS OF A N D ALL O T H E R 27 MAR AT WEEKLY REPORTING BANKS 1974 A N D 2 7 FEB 1974 (CUMULATIVE DISTRIBUTION) NEW US MATURING YORK IN 27 MAR 27 F E B ALL O T H E R CHICAGO CITY 27 MAR 2 7 FEB 27 MAR 2 7 FEE 5.7 2.2 4.9 4.9 5.7 3.2 . 48.6 46.0 58.9 44.8 49.1 46.7 02 M O N T H S 72.5 69.4 79.6 80.9 69.8 70.2 03 M O N T H S 87.1 82.0 90.2 89.7 80.2 79.4 04 M O N T H S 93.4 90.0 94.3 93.0 85.0 84.5 Ob M O N T H S 96.9 94.8 96.3 94.7 88.3 88.0 06 M O N T H S 98.2 97.9 97.4 96.6 90.6 90.9 07 MONT HS 98.5 98.4 98.1 97.3 92.0 92.2 08 M O N T H S 98.7 98.6 98.3 98.1 92.8 93.4 09 M O N T H S 99.3 98.8 98.7 98.4 93.8 94. 1 10 M O N T HS 99.4 99.4 99.1 98.8 95.0 94.9 11 M O N T H S 99.4 99.5 99.1 99.2 96.1 96.0 12 M O N T H S 99.8 99.5 99.5 99.2 97.2 97.0 100.0 100.0 100.0 100.0 100.0 100.0 0 - 6 D A Y S 2/ 01 M O N T H S 3/ OVFCR 12 M O N T H S }/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED tiY WEEKLY REPORTING dANKS. ?/ 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 SURVE.Y MONTH. TABLE MATURITY 3A D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2/ AS OF 2 7 MAR 1 9 7 4 ( A M O U N T S IN M I L L I O N S OF D O L L A R S ) DEPOSIT $1 CD'S $200 MILLION AND U N D E R $200 MILLION TO $500 MILLION 3*808.3 221.2 521.1 559.1 APRIL 30,151.3 1,707.1 3.933.5 MAY 14,654.5 764.6 JUNE 7.990.4 JULY MATURING TOTAL $500 BILLION AND PRIME MILLION TO BILLION OVER 3/ OUTSIDE NEW Y O R K CITY NON-PRIME NEW YORK CITY 2,506.9 1,131.9 990.5 384.5 4,488.0 20,022.7 8,756.7 8,273.9 2,992.1 1.866.6 2,366.7 9,656.6 4,830.0 3,352.1 1,474.5 377.7 906.5 1,004.4 5,701.8 2,931.4 1,810.3 960.1 3,517.2 160.8 430.5 404.1 2,521.8 1,245.5 891.1 385.2 AUGUST 2.166.5 137.9 226.7 224.4 1,577.5 729.3 679.8 168.4 SEPTEMBER 1,262.4 101.7 231.7 172.3 756.7 245.7 423.4 87.6 1 9 7 4 MAR 1975 IN 1/ 28-31 $1 TOTAL OCTOBER 66 7.6 36.6 81.7 138.7 410.6 54.5 259.3 96.8 NOVEMBER 382.4 33.1 75.2 65.7 208.4 36.1 109.7 62.6 DECEMBER 548.9 42.9 59.3 113.2 333.5 119.0 105.5 109.0 J A N U A R Y 516.0 38.4 59.2 94.5 323.9 16.1 195.9 111.9 FEBRUARY 451.5 27.2 74.3 66.8 283.2 8.5 210.5 64.2 MARCH 656.4 22.3 169.1 70.9 394.1 32.1 284.5 77.5 1,254.4 113.5 228.5 283.0 629.4 30.1 419.6 179.7 68,027.8 3,785.0 8,863.9 10,051.8 45,327.1 20,166.9 18,006.1 7,154.1 APRIL OR L A T E R TOTAL * -- (MEMORANDUM: TAX 4 IIDEND MAT JUNE 10 654.4 28.6 79.1 59.3 487.4 208.5 171.3 107.6 JUNE 17 710.3 21.4 63.7 40.9 584.3 297.7 200.9 85.7 3,238.9 162.3 342.3 397.0 2,337.3 1,033.8 958.4 345.1 12 18 APRIL 15 (MEMORANDUM: 260 1/ INCLUDES CERTIFICATES IN D E N O M I N A T I O N S OF 88 $ 1 0 0 , 0 0 0 OR M O R E NUMBER 84 I S S U E D BY OF B A N K S ) 51 WEEKLY 37 REPORTING1 BANKS. / FRASER T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 1 , 1 9 6 5 . Digitized 2for 3 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W H I C H A R E http://fraser.stlouisfed.org/ R E PBank O R T EofD St.B Y D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . Federal Reserve Louis SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 27 MAR 1974 (AMOUNTS IN MILLIONS OF DOLLARS) TABLE 3B $1 BILLION AND OVER CD'S $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 B I L L I O N 13,902.1 820.7 1,778.1 1,926.4 MAY 7,925.4 372.7 971.8 JUNE 4,143.6 192.4 JULY 1,066.0 AUGUST SEPTEMBER MATURING 1 9 7 4 MAR OUTSIDE NEW Y O R K CITY NON-PRIME NEW Y O R K CITY 9,376.9 4,148.3 3,818.9 1,409.7 1,280.6 5,300.3 2,330.5 2,094.1 875.7 495.9 516.7 2,938.6 1,335.4 1,013.5 589.7 32.9 118.6 137.9 776.6 322.3 343.9 110.4 279.2 23.9 40.5 29.8 185.0 108.9 52.5 23.6 tZd.l 50.8 142.7 90.4 338.8 152.6 143.3 42.9 TOTAL 86.4 3.9 13.4 27. 1 42.0 13.5 14.7 13.8 NOVEMBER 73.1 3.6 12.5 8.1 48.9 2.4 39.1 7.4 DECEMBER 76.1 2.0 3.1 19. Y 51.1 3.4 35.1 12.6 JANUARY 46.4 1.8 2.7 5.1 36.8 7.0 25.6 4.2 FEBRUARY 45.6 2.2 5.5 18.1 19.8 2.0 10.4 7.4 628.0 16.0 268.6 59.1 284.3 7.3 202.3 74.7 28,894,6 1,522.9 3,853.4 4.119.2 19,399.1 8,433.6 7,793.4 3,172.1 TOTAL * AND TAX APRIL lb INCLUOE^CERTIFICATES^N'DENOMINATIONS % % R E P O R T E D BY D E A L E R S TO » FRASER T O T A L S MAY NOT ADD DUE Digitized for OF $100,000 OR s:s;,s,s TRADE WITHIN TO R O U N D I N G . 1 OR MORE , v 2 BASIS POINTS T 952.6 364.5 436.4 151.7 37 7 12 18 Ml imHFD ur DF d R a N K SJ)/ -• INUnDtn 51 ISSUED Mt OF -- MATURITIES) 146.7 84 88 260 DIVIDEND 180.2 89.6 1,369.1 ( Mc.roui»<£iNuun , s 4/ OCTOBER MARCH OR L A T E R 2/ PRIME 28-31 APRIL 1975 TOTAL IN g BY WEEKLY is"5Uii. EACH OTHER REPORTING , WITHIN n*i=, THE BANKS. w «..«».«»..»......».« SECONDARY MARKET. TABLE MATURITY 3C D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2/ 27 MAR 1 9 7 4 AS OF • PERCENTAGE DISTRIBUTION $1 CD * S M A T U R I N G IN TOTAL $200 MILLION AND U N D E R $200 MILLION TO $500 MILLION $500 MILLION TO $1 B I L L I O N % 1/ * BILLION AND PRIME TOTAL NEW Y O R K CITY OVER 3/ OUTSIDE NEW YORK CITY NON-PRIME 5.6 5.8 5.9 5.6 B.B 5.6 5.5 5.4 APRIL 44.3 45.1 44.4 44.6 44.2 43.4 46.0 41.8 MAY 21.5 20.2 21.1 23.5 21.3 24.0 18.6 20.6 JUNE 11.7 10.0 10.2 10.0 12.6 14.5 10.1 13.4 JULY 5.2 4.2 4.9 4.0 5.6 6.2 4.9 5.4 AUGUST 3.2 3.6 2.6 2.2 3.5 3.6 3.8 2.4 SEPTEMBER 1.9 2.7 2.6 1.7 1.7 1.2 2.4 1.2 OCTOBER 1.0 1.0 0.9 1.4 0.9 0.3 1.4 1.4 NOVEMBER 0.6 0.9 0.8 0.7 0.5 0.2 0.6 0.9 DECEMBER 0.8 1.1 0.7 1.1 0.7 0.6 0.6 1.5 0.8 1.0 0.7 0.9 0.7 0.1 1.1 1.6 FEBRUARY 0.7 0.7 0.8 0.7 0.6 0.0 1.2 0.9 MARCH 1.0 0.6 1.9 0.7 0.9 0.2 1.6 1.1 APRIL OR L A T E R 1.8 3.0 2.6 2.8 1.4 0.1 2.3 2.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 9 7 4 MAR 28-31 1975 JANUARY TOTAL * A Ik T nFNH rl MATURITIES) M NinU DUiI V iUU'iU M 1 un 1 I 1 u J J JUNE 10 1.0 0.8 0.9 0.6 1.1 1.0 1.0 1.5 JUNE 17 1.0 0.6 0.7 0.4 1.3 1.5 1.1 1.2 4.8 4.3 3.9 3.9 5.2 5.1 5.3 4.8 APRIL 15 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF SlOOtOOO OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 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 WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. # FRASER TOTALS MAY NOT ADD DUE TO HOUNDING. Digitized for T A B L E 3D MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2 / AS OF 2 7 MAR 1974 CUMULATIVE PERCENTAGE 1/ $1 B I L L I O N CD'S MATURING TOTAL $200 MILLION AND U N D E R $200 $500 MILLION TO MILLION $500 MILLION TO $1 B I L L I O N PRIME TOTAL NEW Y O R K CITY OVER 3/ OUTSIDE NEW Y O R K CITY NON-PRIME 5.6 5.8 5.9 5.6 B.5 5.6 5.5 5.4 APRIL 49.9 50.9 50.3 50.2 49.7 49.0 51.5 47.2 MAY 71.4 71.1 71.4 73.7 71.0 73.0 70.1 67.8 JUNE 83. 1 81.1 81.6 83.7 83.6 87.5 80.2 81.2 JULY 88.3 85.3 86.5 87.7 89.2 93.7 85.1 86.6 AUGUST 91.5 88.9 89.1 89.9 92.7 97.3 88.9 89.0 SEPTEMBER 93.4 91.6 91.7 91.6 94.4 98.5 91.3 90.2 OCTOBER 94.4 92.6 92.6 93.0 95.3 98.8 92.7 91.6 NOVEMBER 95.0 93.5 93.4 93.7 95.8 99.0 93.3 92.5 DECEMBER 95.8 94.6 94.1 94.8 96.5 99.6 93.9 94.0 JANUARY 96.6 95.6 94.8 95.7 97.2 99.7 95.0 95.6 FEBRUARY 97.3 96.3 95.6 96.4 97.8 99.7 9B.2 96.5 MARCH 98.3 96.9 97.5 97.1 98.7 99.9 97.8 97.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 9 7 4 MAR 1975 IN AND 28-31 APRIL OR L A T E R 1/ I N C L U D E S 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 OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D 8Y W E E K L Y R E P O R T I N G B A N K S . 2 / T O T A L D E P O S I T S AS H E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 1 . 1 9 6 6 . 3 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G OF THE H I G H E S T R E P O R T E D TIY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . QUALITY AND WHICH ARE t TABLE S A L E S /!/ OF N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S M O N T H 2/ AT W E E K L Y R E P O R T I N G B A N K S BY SIZE OF B A N K S 3/ AS OF 27 MAR 1974 PERCENTAGE DISTRIBUTION 3E $1 B I L L I O N AND OVER $200 CD'S M A T U R I N G 1974 MAR IN TOTAL MILLION AND UNDER $200 M I L L I O N TO $500 M I L L I O N P R I M E 4/ NEW YORK CITY OUTSIDE NEW YORK CITY TOTAL NON-PRIME 28-31 APRIL 48.1 53.9 46.1 46.8 48.3 49.2 49.0 44.4 MAY 27.4 24.5 25.2 31.1 27.3 27.6 26.9 27.6 JUNE 14.3 12.6 12.9 12.5 15.1 15.8 13.0 18.6 JULY 3.7 2.2 3.1 3.3 4.0 3.8 4.4 3.5 AUGUST 1.0 1.6 1.1 0.7 1.0 1.3 0.7 0.7 SEPTEMBER 2.2 3.3 3.7 2.2 1.7 1.8 1.8 1.4 OCTOBER 0.3 0.3 0.3 0.7 0.2 0.2 0.2 0.4 NOVEMBER 0.3 0.2 0.3 0.2 0.3 0.0 0.5 0.2 DECEMBER 0.3 0.1 0.1 0.5 0.3 0.0 0.5 0.4 0.2 0.1 0.1 0.1 0.2 0.1 0.3 0.1 FEBRUARY 0.2 0.1 0.1 0.4 0.1 0.0 0.1 0.2 MARCH OR LATER 2.2 1.1 7.0 1.4 1.5 0.1 2.6 2.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 4.9 4.3 5.6 4.8 1975 J A N U A R Y TOTAL * (MEMORANDUM: APRIL $500 MILLION TO $1 B I L L I O N 15 4.7 5.9 TAX 4.7 1/ 2/ 3/ 4/ 88 MATURITIES) 3.6 (MEMORANDUM: 260 AND D I V I D E N D NUMBER 84 OF BANKS) 51 37 SEE TECHNICAL APPENDIX A. I N C L U D E S 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 OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S . T O T A L D E P O S I T S AS R E P O R T E D IN THE CALL R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 1 , 1965. P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y AND R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T . * forT O T A L S MAY NOT ADD D U E TO R O U N D I N G . Digitized FRASER 12 WHICH ARE 18 T A B L E 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE AT W E E K L Y AT T I M E C E R T I F I C A T E S OF D E P O S I T REPORTING VARIOUS SURVEY 1/ BANKS DATES (IN M O N T H S ) BANK DATE CLASSIFICATION 2 7 MAR 1974 OF 27 FEB SURVEY 1974 30 J A N 1974 (BY L O C A T I O N ) ALL REPORTING ISSUING NEW YORK BANKS CD'S CITY 2.0 2.0 2.1 1.7 1.8 1.8 CHICAGO 1.5 1.6 1.8 OTHTR 2.3 2.2 2.3 (BY UNDER $200 MILLION $200-1500 MILLION $500-31,000 OVER *1 MILLION BILLION PRIME IN NEW YORK CITY 3/ PRIME O U T S I D E NEW YORK CITY 3/ NON-PRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS IN D E N O M I N A T I O N S OF AS R E P O R T E D IN THE C A L L $100,000 REPORT OR SIZF OF B A N K ) 2/ 2.2 2.2 2.4 2.2 1.9 2.0 2.1 2.0 2.2 2.0 2.0 2.0 1.6 1.8 1.8 2.2 2.3 2.3 2.3 2.2 2.1 MORE OF C O N D I T I O N ISSUED 8Y WEEKLY REPORTING ON D E C E M B E R 31. 1965. BANKS. TABLE AVERAGE MATURITY OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T SOLD BY W E E K L Y REPORTING DURING THE M O N T H OF 1/ BANKS VARIOUS SURVEYS (IN M O N T H S ) D A T E OF BANK SURVEY CLASSIFICATION 2 7 MAR 1974 27 FEB 1974 30 J A N 1974 (BY L O C A T I O N ) ALL REPORTING BANKS ISSUING 1.7 1.9 1.8 1.6 1.9 1.6 CHICAGO 1.5 1.6 1.9 OTHER 1.8 2.0 1.8 NEW YORK CD'S CITY (BY S I Z E OF BANK) 2/ 1.6 1.6 1.8 $200-5500 MILLION 1.7 1.8 1.7 $500-41,000 1.7 1.7 1.8 1.7 2.0 1.7 1.5 1.9 1.6 1.8 2.1 1.8 1.8 2.1 2.0 UNDER OVER $200 $1 MILLION MILLION BILLION PRIME IN NEW YORK CITY 3/ PRIME O U T S I D E NEW YORK CITY 3/ NON-PRIME 1/ INCLUDES CERTIFICATES IN D E N O M I N A T I O N S OF 2/ TOTAL 3/ P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W H I C H A R E R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . D E P O S I T S AS R E P O R T E D http://fraser.stlouisfed.org/ N O T E — S E E TECHNICAL APPENDIX B. Federal Reserve Bank of St. Louis $ 1 0 0 , 0 0 0 OR IN T H E C A L L R E P O R T MORE OF C O N D I T I O N ISSUED BY WEEKLY ON D E C E M B E R 31, REPORTING BANKS. 1965. T A B L E 5A R A T I O OF O U T S T A N D I N G NEGOTIABLE TO AT TOTAL VARIOUS (PER T I M E C E R T I F I C A T E S OF D E P O S I T DEPOSITS SURVEY DATES CENT) D A T E OF T O T A L D E P O S I T S 2/ (IN M I L L I O N S OF D O L L A R S ) 30 JAN 1974 ISSUING 200 14.6 14.8 14.5 200 - 500 19.0 18.8 18.5 500 - 1000 17.4 18.1 1000 22.5 21.9 22.3 ?5.7 25.7 26.4 21.0 19.8 19.0 18.7 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ 1/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS IN D E N O M I N A T I O N S OF AS R E P O R T E D BANKS ARE THOSE ARE R E P O R T E D BY IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E $100,000 REPORT OF OR M O R E CONDITION GO 20.4 NONPRIME 19.0 I S S U E D BY W E E K L Y ON D E C E M B E R 31, REPORTING BANKS. 1965. C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y AND W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T . D E P O S I T S IN THE D E N O M I N A T O R OF THE R A T I O INTERDANK AND U . S . G O V E R N M E N T D E P O S I T S . 1974 20.2 OVER NOTE- 27 F E B 20.5 UNDER 3/ P R I M E WHICH 1974 SURVEY OJ ALL B A N K S CD'S 2 7 MAR 1/ IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING 4 TABLE 5B RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF 27 MAR 1974 (NUMBER OF BANKS) TOTAL DEPOSITS 2/ (IN MILLIONS OF DOLLARS) 5% OR LESS AVERAGE CD TO DEPOSIT RATIO (PER CENT) 25% OR MORE 20 TO 25% 15 TO 20% 10 TO 15% 5 TO 10% ALL BANKS ISSUING CD'S 37 23 45 50 51 54 20.5 UNDER 200 13 12 18 20 15 10 14,6 200 - 500 15 2 16 14 16 21 19.0 500 - 1000 7 6 6 7 14 11 17.4 OVER 1000 2 3 5 9 6 12 22.5 PRIME IN NEW YORK 3/ 0 0 0 1 2 4 25.7 PRIME OUTSIDE NEW YORK 3/ 0 1 3 3 1 4 21.0 NONPRIME 2 2 2 5 3 4 19.0 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 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 WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS. INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5C PER CENT CHANGE IN O U T S T A N D I N G N E G O T I A B L E 27 FEB 1 9 7 4 TO 2 7 M A R (NUMBER ALL BANKS CD'S REDUCED C D ' S TO ZERO DOLLARS) Z1 1974 OF B A N K S ) D E C L I N E S OF TOTAL DEPOSITS 2/ (IN M I L L I O N S OF T I M E C E R T I F I C A T E OF D E P O S I T I N C R E A S E S OF - 1 0 % OR MORE 5 TO 10% 5 % OR LESS NO CHANGE 5% OR LESS 5 TO 10% 1 0 % OR MORE ISSUED CD'S BUT HAD NONE O U T S T A N D ING ON B A S E D A T E ISSUING 3 35 39 73 12 51 18 31 1 200 1 11 17 22 6 19 8 5 0 200 - 500 2 13 12 23 4 21 1 9 1 500 - 0 8 7 20 2 6 2 6 0 0 3 3 8 0 5 7 11 0 0 0 1 0 0 2 3 1 0 0 1 1 2 0 1 2 5 0 0 2 1 6 0 2 2 5 0 UNDER OVER 1000 1000 PRIME IN N E W YORK P R I M E O U T S I D E NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES CERTIFICATES IN D E N O M I N A T I O N S OF 2/ TOTAL D E P O S I T S AS R E P O R T E D IN T H E C A L L $ 1 0 0 , 0 0 0 OR M O R E REPORT ISSUED BY W E E K L Y R E P O R T I N G OF C O N D I T I O N ON D E C E M B E R 31, BANKS. 1965. 3 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W H I C H A R E R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . NOTE- T H E N U M B E R OF B A N K S IN T H I S T A B L E D I F F E R S F R O M T H O S E IN M O S T O T H E R HAD O U T S T A N D I N G C D ' S ON THE L A S T S U R V E Y R E D U C E D THEIR O U T S T A N D I N G S T A B L E S TO T H E E X T E N T T H A T TO Z E R O O N T H I S S U R V E Y . BANKS THAT TABLE 5E CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 27 FEB 1974 TO 27 MAR 1974 (NUMBER OF BANKS) (IN MILLIONS OF DOLLARS) ALL BANKS ISSUING CD'S I I I I I I • U_ 1 1 O 1 I I I I I I • I I I I I I I I I I I I I I I 1 U. 1 1 O 1 I L TOTAL DEPOSITS 2/ INCREASES DECLINES 3% AND OVER 1% AND LESS 1 TO 2% 2 TO 3% NO CHANGE 1% AND LESS 3% AND OVER 2 TO 3% 1 TO 2% 10 18 30 90 12 60 16 10 13 UNDER 200 3 6 10 32 6 23 5 2 1 200 - 500 3 7 11 27 4 22 4 1 4 500 - 1000 4 3 6 22 2 8 2 1 3 OVER 1000 0 2 3 9 0 7 5 6 5 PRIME IN NEW YORK 3/ 0 1 0 0 0 2 1 3 0 PRIME OUTSIDE NEW YORK 3/ 0 0 3 1 0 2 1 2 3 NONPRIME 0 1 8 0 3 3 1 0 2 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 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 WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. T A B L E 5D PER CENT CHANGE IN O U T S T A N D I N G N E G O T I A B L E 26 D E C 1973 TO 2 7 M A R (NUMBER REDUCED CD'S 25% OR TO ZERO MORE DEPOSITS /2 (IN M I L L I O N S OF D O L L A R S ) ALL BANKS CD'S DECLINES OF D E P O S I T Z1 1974 OF B A N K S ) I N C R E A S E OF OF I I I I I I I « I I I I I I I I I I I TOTAL TIME CERTIFICATE 20 TO 25% 15 TO 20% 10 TO 15% 5 TO 10% 5% OR LESS NO CHANGE 5% OR LESS 5 TO 10% 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE ISSUED CD'S BUT HAD NONE OUTSTANDING ON B A S E D A T E ISSUING 3 16 6 8 15 18 28 4 30 34 25 26 13 36 1 200 1 6 1 3 3 8 11 2 13 6 10 6 3 15 1 200 - 500 2 5 2 2 5 1 7 1 9 13 9 12 6 12 0 500 - 0 3 3 3 7 7 4 1 4 4 3 4 2 6 0 0 2 0 0 0 2 6 0 4 11 3 4 2 3 0 0 0 0 0 0 1 1 0 1 3 1 0 0 0 0 0 1 0 0 0 0 1 0 2 4 0 4 0 0 0 0 1 0 0 0 1 4 0 1 4 2 0 2 3 0 UNDER OVER 1000 1000 PRIME IN N E W PRIME OUTSIDE YORK NEW NONPRIME 1/ 3/ YORK 3/ INCLUDES CERTIFICATES 2/ TOTAL D E P O S I T S AS R E P O R T E D 3/ PRIME BANKS ARE THOSE W H I C H A R E R E P O R T E D BY NOTE- IN D E N O M I N A T I O N S OF IN T H E CALL $ 1 0 0 , 0 0 0 OR M O R E R E P O R T OF I S S U E D BY WEEKLY REPORTING C O N D I T I O N ON DECEMBER 31. BANKS. 1965. W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y A N D D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . T H E N U M B E R OF B A N K S IN T H I S T A B L E D I F F E R S F R O M T H O S E IN M O S T O T H E R T A B L E S TO T H E E X T E N T T H A T H A D O U T S T A N D I N G C D ' S O N T H E S U R V E Y T H R E E M O N T H S P R I O R TO THE C U R R E N T S U R V E Y T R E D U C E D T H E I R O U T S T A N D I N G S TO Z E R O . BANKS THAT T A B L E 5F CHANGE OVER IN O U T S T A N D I N G N E G O T I A B L E THE LAST THREE MONTHS AS A PER AT T H E B E G I N N I N G 2 6 DEC 1973 ALL BANKS CD'S OF OF TOTAL DEPOSIT 1/ DEPOSITS THE PERIOD 1974 BANKS) I N C R E A S E S OF D E C L I N E S OF DEPOSITS 2/ (IN M I L L I O N S O F OF CENT TO 27 MAR (NUMBER TOTAL T I M E C E R T I F I C A T E S OF 5% AND OVER DOLLARS) 2 TO 3% 3 TO 4% 4 TO 5% ISSUING NO CHANGE 1% AND LESS 1 TO 2% 1% AND UNDER 4 TO 5% 3 TO 4* 2 TO 3% 1 TO 2% 5% AND OVER 4 3 8 6 22 49 4 41 48 20 14 20 19 200 0 0 1 1 10 21 2 13 14 7 6 5 7 200 - 500 2 1 2 2 2 13 1 14 18 10 3 11 4 500 2 2 4 2 9 8 1 9 4 1 3 2 4 0 0 1 1 1 7 0 5 12 2 2 2 4 0 0 0 0 1 1 0 0 4 0 0 1 0 0 0 1 0 0 1 0 1 5 1 1 0 2 0 0 0 1 0 5 0 * 3 1 UNDER - OVER 1000 1000 PRIME IN N E W PRIME OUTSIDE YORK NEW NONPRIME 1/ 3/ YORK 3/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS AS REPORTED 3/ PRIME BANKS ARE THOSE WHICH ARE R E P O R T E D BY NOTE- IN D E N O M I N A T I O N S OF * 1 0 0 , 0 0 0 OR IN T H E C A L L R E P O R T O F MORE CONDITION I S S U E D BY ON D E C E M B E R 31, REPORTING 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 OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y A N D D E A L E R S TO T R A D E WITHIN 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T . D E P O S I T S IN T H E D E N O M I N A T O R OF T H E R A T I O IN T H I S T A B L E A R E INTERBANK AND U.S. GOVERNMENT DEPOSITS. WEEKLY 1 TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE MATURITY DISTRIBUTION 6A OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T AS OF 2 7 M A R (AMOUNTS DEPOSIT 1/ 1974 IN M I L L I O N S OF DOLLARS) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 533.7 36.3 63.6 67.9 235.6 741.3 1224.4 5259.1 390.8 421.5 613.3 1503.9 5059.3 467.9 536.5 2268.2 163.5 191.7 389.6 820.2 2100.6 305.2 260.0 * 322.9 1149.9 72.2 90.9 166.9 319.3 1091.7 66.6 220.3 94.2 196.9 441.5 36.3 20.8 91.7 214.5 584.3 800.9 42.5 159.4 46.1 95.6 196.2 29.3 8.5 61.3 121.2 473.5 150.1 316.0 6.8 97.3 46.5 121.0 112.6 17.5 13.2 35.4 58.5 287.4 667.5 115.2 75.3 6.9 36.1 8.0 53.3 78.3 9.8 8.5 24.0 28.5 223.6 NOV 382.4 65.1 54.6 3.4 28.4 12.7 24.9 38.8 5.0 5.0 16.0 20.0 108.5 DEC 548.8 56.8 167.0 13.9 15.7 17.9 24.5 57.8 14.3 3.6 28.7 22.6 126.0 1975 JAN 516.0 56.0 36.4 2.8 25.2 13.6 20.9 54.2 12.0 18.1 22.0 27.4 227.4 FEB 451.5 17.6 12.8 6.5 46.5 8.1 35.6 16.9 10.3 11.5 11.7 17.7 256.3 MAR 550,0 125.4 92.9 9.6 44.7 13.9 21.2 39.9 7.0 14.5 6.7 10.4 163.8 1148.0 36.3 84.5 71.2 460.4 26.0 68.0 62.3 58.4 6.5 24.4 135.4 114.6 3622.5 24356.9 2579.1 3599.6 2055.9 2897.8 10309.4 862.7 877.9 1559.6 3535.2 11558.3 CD'S MATURING IN ALL DISTRICTS BOSTON 3808.3 149.6 APR 30151.4 MAY NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO 1413.4 129.6 145.4 139.8 152.1 1569.1 10800.0 1101.2 1307.6 901.2 14654.6 651.7 5641.4 715.9 707.4 JUN 799Q.4 358.1 3451.1 402.2 JUL 3517.2 139.5 1410.6 AUG 2166.5 132.0 SEP 1262.3 OCT 1974 MAR APR TOTAL 28-MAR OR 31 LATER 67814.9 * AVERAGE MATURITY IN M O N T H S 2 / 2.0 2.5 1.6 1.8 3.4 1.8 2.3 1.5 2.7 1.9 2.2 2.1 2.3 NUMBER BANKS 259 18 40 9 23 18 24 36 10 5 19 25 32 1/ OF INCLUDES 2/ SEE REPORTING ONLY CERTIFICATES TECHNICAL ISSUED IN D E N O M I N A T I O N S OF APPENDIX B. Digitized for* FRASER D E T A I L S M A Y N O T A D D TO T O T A L S D U E TO R O U N D I N G . $ 1 0 0 , 0 0 0 OR M O R E BY W E E K L Y R E P O R T I N G BANKS. TABLE 68 1/ 2/ S A L E # OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS BY F E D E R A L R E S E R V E D I S T R I C T AS (AMOUNTS 27 MAR PREVIOUS MONTH • 1974 IN M I L L I O N S OF DOLLARS) CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 512.5 2166.5 179.6 218.0 285.6 643.7 2543.4 216.8 237.8 1391.0 99.5 118.4 205.7 474.9 1284.3 129.9 148.9 179.4 765.6 44.4 60.6 94.7 152.5 533.2 43.2 47.8 25.2 34.1 238.2 14.3 5.6 19.3 20.3 172.2 122.8 5.3 8.6 11.9 9.2 31.6 4.1 2.4 7.8 18.6 50.9 15.6 183.4 1.3 69.3 28.5 80.9 53.9 15.3 7.9 11.5 23.0 132.4 86.5 14.1 19.3 0.0 10.2 0.6 19.4 7.3 0.3 0.0 0.4 2.0 12.9 NOV 73.1 36.0 5.8 0.4 7.9 0.4 2.5 3.3 0.0 0.9 1.1 3.7 11.1 DEC 75.7 29.3 5.6 0.1 1.8 4.1 1.7 4.0 7.1 2.6 1.0 3.2 15.2 1975 JAN 46.2 22.9 7.0 0.0 1.6 1.4 3.4 0.4 0.0 0.0 0.5 3.7 5.3 FEB 45.6 6.9 2.3 0.5 4.6 2.2 4.4 1.3 4.6 6.3 0.9 2.7 8.9 415.0 106.8 64.8 6.2 45.0 11.3 19.3 7.4 6.9 13.9 6.0 8.2 119.2 1340.4 10581.9 ———————— 1328.4 1171.0 791.6 1104.6 1.5 1.6 2.1 1.8 2.0 CD'S 19)4 ALL DISTRICTS BOSTON APR 13902.1 644*6 MAY 7925.4 JUN JUL MATUR1!*>. PHILADELPHIA CLEVELAND RICHMOND ATLANTA 5367.2 491.6 509.1 340.3 313.5 2770.1 478.2 335.2 4143.4 91.8 1640.8 301.6 1065.9 52.9 392.8 AU 279.2 6.0 SEP 623.0 OCT MAR OR TOTAL LATER 28681.1 * AVERAGE MATURITY IN M O N T H S 3 / 1/ S E E TECHNICAL 1.6 APPENDIX INCLUDES ONLY CERTIFICATES 3/ SEE APPENDIX TECHNICAL DETAILS MAY NOT ADD TO 2.7 NEW YORK 436.6 634.5 4670.5 376.1 1356.5 4889.0 ———————— ———————— - - - - - - - - ———————— - - - - - - - - ————————— 1.5 1.9 A. 2/ * OF SINCE ISSUED IN D E N O M I N A T I O N S O F B. TOTALS DUE TO R O U N D I N G . *100,000 OR MORE BY WEEKLY REPORTING BANKS. 1.8 1.6 1.5 1.7 T A B L E 6C MATURITY DISTRIBUTION OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T A S OF 27 MAR DEPOSIT 1/ 1974 (PERCENTAGE DISTRIBUTION) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 5.2 4.2 7.2 4.4 6.7 6.4 42.3 51.0 45.3 48.0 39.3 42.5 43.8 22.8 18.5 22.0 19.0 21.8 25.0 23.2 18.2 8.5 12.6 11.1 11.2 8.4 10.4 10.7 9.0 9.4 2.6 6.1 4.6 6.8 4.3 4.2 2.4 5.9 6.1 5.1 3.3 1.6 4.4 2.2 3.3 1.9 3.4 1.0 3.9 3.4 4.1 4.1 1.3 0.3 2.7 2.3 4.2 1.1 2.0 1.5 2.3 1.7 2.5 1.0 3.2 0.3 0.3 1.0 0.4 1.8 0.8 1.1 1.0 1.5 0.8 1.9 NOV 0.6 1.8 0.2 0.1 0.8 0.6 0.9 0.4 0.6 0.6 1.0 0.6 0.9 DEC 0.8 1.6 0.7 0.5 0.4 0.9 0.8 0.6 1.7 0.4 1.8 0.6 1.1 0.8 1.5 0.1 0.1 0.7 0.7 0.7 0.5 1.4 2.1 1.4 0.8 2.0 rE B 0.7 0.5 0.1 0.3 1.3 0.4 1.2 0.2 1.2 1.3 0.8 0.5 2.2 MAR 0.8 3.5 0.4 0.4 1.2 0.7 0.7 0.4 0.8 1.7 0.4 0.3 1.4 APR OR LATER 1.7 1.0 0.3 2.8 12.8 1.3 2.3 0.6 6.8 0.7 1.6 3.8 1.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 CD*S MATURING IN ALL DISTRICTS BOSTON 5.6 4.1 APR 44.5 MAY RICHMOND ATLANTA PHILADELPHIA CLEVELAND 5.8 5.0 4.0 6.8 5.2 43.3 44.3 42.7 36.3 43.8 21.6 18.0 23.2 27.8 19.7 J UN 11.8 9.9 14.2 15.6 JUL 5.2 3.9 5.8 AU? 3.2 3.6 SEP 1.9 1974 MAR 28-MAR 31 . OCT 1975 ^ TOTAL * 1/ NEW YORK INCLUDES ONLY CERTIFICATES ISSUED IN D E N O M I N A T I O N S OF * 1 0 0 , 0 0 0 OR M O R E BY CHICAGO WEEKLY REPORTING BANKS. TABLE 6D MATURITY DISTRIBUTION OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T AS OF 27 MAR DEPOSIT 1/ 1974 (CUMULATIVE PERCENTAGE) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 5.2 4.2 7.2 4.4 6.7 6.4 47.5 56.2 49.5 55.2 43.7 49.2 50.2 73.4 66.0 78.2 68.5 77.0 68.7 72.4 68.4 68.5 86.0 77.1 89.4 76.9 87.4 79.4 81.4 77.8 93.7 74.6 90.6 83.9 93.7 81.1 89.8 85.3 87.5 82.9 96.6 95.3 79.0 92.8 87.2 95.6 84.5 90.8 89.2 90.9 87.0 86.9 97.9 95.6 81.7 95.1 91.4 96.7 86.5 92.3 91.5 92.6 89.5 94.8 90.1 98.2 95.9 82.7 95.5 93.2 97.5 87.6 93.3 93.0 93.4 91.4 95.4 91.9 98.4 96.0 83.5 96.1 94.1 97.9 88.2 93.9 94.0 94.0 92.3 96.2 93.5 99.1 96.5 83.9 97.0 94.9 98.5 89.9 94.3 95.8 94.6 93.4 JAN 97.0 95.0 99.2 96.6 84.6 97.7 95.6 99.0 91.3 96.4 97.2 95.4 95.4 FEB 97.7 95.5 99.3 96.9 85.9 98.1 96.8 99.2 92.5 97.7 98.0 95.9 97.6 MAR 98.5 99.0 99.7 97.3 87.1 98.8 97.5 99.6 93.3 99.4 98.4 96.2 99.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OR BY W E E K L Y ALL DISTRICTS BOSTON 5,6 4.1 APR 50.1 MAY MATURING IN PHILADELPHIA CLEVELAND RICHMOND ATLANTA 5.8 5.0 4.0 6.8 5.2 47.4 50.1 47.7 40.3 50.6 71.7 65.4 73.3 75.5 60.0 JUN 83.5 75.3 87.5 91.1 JUL 88.7 79.2 93.3 AUG 91.9 82.8 SEP 93.8 OCT NOV MAR 28-MAR 31 • DEC APR 1/ OR LATER INCLUDES ONLY CERTIFICATES ISSUED NEW YORK IN D E N O M I N A T I O N S OF $100,000 MORE CHICAGO REPORTING BANKS. T A B L E 6E 1/ S A L E S OF N E G O T I A B L E 2/ T I M E C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS BY F E D E R A L R E S E R V E D I S T R I C T AS OF 2 7 MAR SINCE PREVIOUS MONTH 1974 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON APR 48.5 48.1 MAY 27.6 JUN ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 46.4 47.8 49.9 45.0 47.5 52.0 21.5 29.8 26.5 27.1 32.4 35.0 26.3 18.8 16.2 16.4 11.8 13.9 14.9 11.2 10.9 4.1 3.2 3.1 5.1 3.8 1.3 3.0 1.5 3.5 0.4 0.7 1.5 0.8 0.7 1.1 0.5 1.2 1.4 1.0 1.7 0.1 5.9 3.6 7.3 1.2 4.1 1.8 1.8 1.7 2.7 1.1 0.2 0.0 0.9 0.1 1.8 0.2 0.1 0.0 0.1 0.1 0.3 0.3 2.7 0.1 0.0 0.7 0.1 0.2 0.1 0.0 0.2 0.2 0.3 0.2 DEC 0.3 2.2 0.1 0.0 0.2 0.5 0.2 0.1 1.9 0.6 0.2 0.2 0.3 1975 JAN 0.2 1.7 0.1 0.0 0.1 0.2 0.3 0.0 0.0 0.0 0.1 0.3 0.1 FEB 0.2 0.5 0.0 0.0 0.4 0.3 0.4 0.0 1.2 1.4 0.1 0.2 0.2 1.4 8.0 0.6 0.5 3.8 1.4 1.7 0.2 1.8 3.2 0.9 0.6 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 1974 PHILADELPHIA CLEVELAND 50.7 37.0 43.5 43.0 46.4 23.4 26.2 36.0 28.6 27.4 14.4 6.8 15.5 22.7 11.1 JUL 3.7 3.9 3.7 3.3 AUG 1.0 0.4 1.2 SEP 2.2 1.2 OCT 0.3 NOV MAR TOTAL 1/ S E E 2/ NEW YORK OR LATER * TECHNICAL INCLUDES NOTE - SALES ONLY APPENDIX CERTIFICATES A D D TO CHICAGO A. ISSUED IN T H I S T A B L E A R E N O T « DETAILS MAY NOT RICHMOND ATLANTA TOTALS DUE IN D E N O M I N A T I O N S OF A D J U S T E D FOR TO R O U N D I N G . CD'S THAT $100,000 OR M O R E BY HAVE MATURED. WEEKLY REPORTING BANKS. TECHNICAL APPENDIX A DERIVATION 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 an outstanding quantity for a time period com- parable" 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 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 d a t e — a r e 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.
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