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April 3, 1969.




L.4.1
CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
February 26, 1969.

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

TABLE 1
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 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 AT
WEEKLY

R E P O R T I N G BANKS

AS OF 26 FEB

CD'S MATURING

AMOUNT
(MILLIONS OF
DOLLARS)

IN

1969 F E B R U A R Y

2 7 - 28

1969

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

S A L E S SINCE
P R E V I O U S M O N T H 2/
(MILLIONS OF D O L L A R S )

530.1

2.7

2.7

.0

MARCH

4*674.2

23.4

26.1

929.8

APRIL

3,344.8

16.7

42.8

367.9

MAY

2,279.0

11.4

54.2

707.8

JUNE

2,585.6

12.9

67.1

128.9

JULY

2,307.7

11.6

78.7

170.1

AUGUST

1,347.1

6.7

85.4

813.9

SEPTEMBER

611.9

3.1

88.5

72.5

OCTOBER

511.6

2.6

91.1

33.1

NOVEMBER

260.4

1.3

92.4

24.1

DECEMBER

418.3

2. 1

94.5

23.7

404.0

2.0

96.5

56.0

220.7

1.1

97.6

475.1

2.4

100.0

XXX

19,970.5

100.0

XXX

3,532.6

1970 J A N U A R Y
FEBRUARY
OVER

12 M O N T H S
TOTAL

(MEMORANDUM:
M A R C H 10
M A R C H 17
APRIL 15

398.2
842.8
458.3

1/

INCLUDES ONLY CERTIFICATES

2/

SEE T E C H N I C A L A P P E N D I X

TAX A N D D I V I D E N D M A T U R I T I E S )
2.0
4.2
2.3

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

A.


3/
S A L E S OF C D ' S M A T U R I N G AFTER


2 0 4 . 8 3/

XXX
XXX
XXX

74.7
135.6
23. 3

ISSUED BY WEEKLY R E P O R T I N G BAMjtS.
S

11 M O N T H S .

TABLE 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 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 AT
NEW YORK C I T Y , C H I C A G O , A N D ALL OTHER WEEKLY R E P O R T I N G B A N K S
AS OF 26 FEB

1969

(IN M I L L I O N S OF D O L L A R S I
NEW YORK C I T Y
CD'S MATURING

IN

1969 FEB 27 - FEB

AMOUNT

28

CHICAGO
AMOUNT

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

ALL OTHER

SALES SINCE
P R E V I O U S MONTH 2/ -

-

WEEKLY REPORTING

AMOUNT

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

145.5

.0

46.7

.0

337.9

.0

MARCH

1,323.3

231.1

333.6

44.5

3,017.3

654.2

APRIL

835.3

74.7

202.6

16.2

2,306.9

277.0

MAY

571.3

122.9

269.0

78.2

1,438.7

506.7

JUNE

844.7

8.7

193.3

4.4

1,547.6

115.8

JULY

441.8

15.8

150.2

6.4

1,715.7

147.9

AUGUST

313.1

173.6

106.1

76.0

927.9

564.3

SEPTEMBER

127.0

13.0

58.2

2.9

426.7

56.6

OCTOBER

85.1

2.1

22.0

.4

404.5

30.6

NOVEMBER

44.6

4.4

27.1

2.0

188.7

17.7

DECEMBER

89.8

2.5

18.0

.6

310,5

20.6

70.6

3.2

16.0

.7

317.4

52.1

1970 JANUARY

2 9 . 7 /3

17.2

21.1 /3

160.4

154.0 /3

FEBRUARY

43.1

OVER

57.2

XXX

15.9

XXX

402.0

XXX

4,992.4

681.7

1,475.9

253.4

13,502.2

2,597 .5

12 M O N T H S
TOTAL *

N U M B E R OF R E P O R T I N G

BANKS

M A R C H 10
M A R C H 17
APRIL 15

96.8
351.8
132.2

1/ I N C L U D E S ONLY C E R T I F I C A T E S

3 / SALES OF C D ' S M A T U R I N G AFTER

11 M O N T H S .


* T O T A L S MAY
http://fraser.stlouisfed.org/ NOT A D D DUE TO R O U N D I N G .
Federal Reserve Bank of St. Louis

TAX A N D D I V I D E N D M A T U R I T I E S )
33.0
65.7
36.2

17.6
39.9
3.2

IN D E N O M I N A T I O N OF

SEE T E C H N I C A L A P P E N D I X A .

239

11

12
CMEMORANDUMS

2/

BANKS

$100,000 OR MORE

2.4
8.4
.6

ISSUED BY W E E K L Y REPORTING B A N K S .

268.4
425.3
289.9

54.7
87.3
19.5

TABLE 2B

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 N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT AT
NEW

YORK C I T Y , C H I C A G O , A N D ALL OTHER WEEKLY R E P O R T I N G BANKS
AS OF 26 FEB

1969 A N D 29 JAN 1969

(PERCENTAGE D I S T R I B U T I O N )
NEW YORK CITY
26 FEB

0 - 6 D A Y S 2/

CHICAGO

29 JAN

26 FEB

ALL OTHER
29 JAN

26 FEB

29 JAN

5.9

2.9

2.5

2.5

2.8

21.6

22.3

20.8

26.5

22.6

02 MONTHS

16.7

19.4

13.7

18.7

17.1

17.1

0 3 MONTHS

11.4

13.5

18.2

12.0

10.7

14.7

0 4 MONTHS

16.9

7.9

13.1

12.3

11.5

6.7

05 MONTHS

8.8

14.8

10.2

12.2

12.7

10.3

06 MONTHS

6.3

7.5

7.2

9.3

6.9

11.3

07 MONTHS

2.5

2.5

3.9

1.9

3.2

2.6

08 MONTHS

1.7

2.0

1.5

3.6

3.0

2.7

09 M O N T H S

.9

1.5

1.8

1.4

1.4

2.7

10 M O N T H S

1.8

.7

1.2

1.6

2.3

1.2

11 M O N T H S

1.4

1.5

1.1

1.1

2.4

2.1

12 M O N T H S

.9

1.2

1.2

1.0

1.2

1.9

1.1

1.3

1.1

.8

3.0

3.0

100.0

100.0

100.0

100.0

100.0

100.0

12 M O N T H S

TOTAL *

1/ I N C L U D E S O N L Y C E R T I F I C A T E S
BANKS.

o

OVER

CM

01 M O N T H S 3/

m

3.2

IN D E N O M I N A T I O N S OF $100,000 OR M O R E

ISSUED BY W E E K L Y R E P O R T I N G

2/ N U M B E R OF DAYS R E M A I N I N G IN SURVEY M O N T H . T H I S PERIOD V A R I E S WITH THE NUMBER OF DAYS
F O L L O W I N G THE LAST W E D N E S D A Y OF THE M O N T H .
3/ N U M B E R OF M O N T H S F O L L O W I N G THE SURVEY M O N T H .


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





TABLE 2C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT^AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 26 FEB

1969 AND 29 JAN 1969

(CUMULATIVE DISTRIBUTION)

CD'S MATURING

IN

NEW YORK CITY
26 FEB

0 - 6 DAYS 2/

29 JAN

CHICAGO
26 FEB

ALL OTHER
29 JAN

26 FEB

29 JAN

2.9

5.9

3.2

2.5

2.5

01 MONTHS 3/

29.4

26.2

25.8

24.1

24.8

23.6

02 M O N T H S

46.1

45.6

39.5

42.8

41.9

40.7

03 MONTHS

57.5

59.1

57.7

54.8

52.6

55.4

0 4 MONTHS

74.4

67.0

70.8

67.1

64.1

62.1

05 M O N T H S

83.2

81.8

81.0

79.3

76.8

72.4

06 MONTHS

89.5

89.3

88.2

88,6

83*7

83.7

0 7 MONTHS

92.0

91.8

92.1

90.5

86.9

86.3

08 MONTHS

93.7

93.8

93.6

94.1

89.9

89.0

09 MONTHS

94.6

95.3

95.4

95.5

91.3

91.7

10 MONTHS

96.4

96.0

96.6

97.1

93.6

92.9

11 MONTHS

97.8

97.5

97.7

98.2

96.0

95.0

12 M O N T H S

98.7

98.7

98.9

99.2

97.2

96.9

100.0

100.0

100.0

100.0

100.0

100.0

OVER 12 MONTHS

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE
BANKS.

2.8

ISSUED BY WEEKLY REPORTING

2/ NUMBER OF DAYS REMAINING IN SURVEY M O N T H . THIS PERIOD V A R I E S WITH THE NUMBER OF DAYS
FOLLOWING THE LAST WEDNESDAY OF THE M O N T H .
3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 26 FEB 1969
(AMOUNTS IN MILLIONS OF DOLLARS)

TABLE 3A

$1 BILLION AND OVER
CD'S MATURING IN

TOTAL

$200
MILLION
AND UNDER

$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 BILLION

PRIME 3/
NEW YORK
CITY

TOTAL

OUTSIDE
NEW YORK
CITY

NON-PRIME

530.2

39.4

68.2

102.8

319.

137.5

116.3

66.0

MARCH

4,674.1

307.2

612.3

887.0

2,867.

1,243.8

892.0

731.8

APRIL

3,344.7

248.1

427.3

640.3

2,029.

766.2

725.5

537.3

MAY

2,279.0

142.9

319.0

378.0

1,439.

529.4

580.6

329.1

JUNE

2.585.5

114.1

274.4

462.3

1,734.

808.8

570.0

355.9

JULY

2.307.6

139.4

353.4

491.8

1,323.

410.9

543.5

368.6

AUGUST

1,346.9

80.5

267.8

233.8

764,

284.6

293.8

186.4

SEPTEMBER

611.9

21.1

105.4

114.5

370,

120.6

160.8

89.5

OCTOBER

511.5

15.7

76.7

85.3

333,

78.9

179.6

75.3

NOVEMBER

260.4

10.1

53.6

43.6

153,

40.5

77.9

34.7

DECEMBER

418.2

17.9

62.3

87.0

251,

69.3

103.2

78.5

403.9

20.1

47.5

79.2

257,

65.1

100.6

91.4

FEBRUARY

220.8

5.9

36.5

39*4

139,

33.0

72.5

33.5

MARCH
OR LATER

475.1

4.8

48.3

81.1

340.9

54.0

226.3

60.6

19,969.8

1,167.2

2,752.7

3,726.1

12,323.8

4,642.6

4,642.6

3,038.6

1969 FEB

27-28

1970 JANUARY

TOTAL *

—

(MEMORANDUM:

TAX AND DIVIDEND MATURITIES)

MARCH 10

398.2

23.3

45.3

80.8

248.8

84.4

82.7

81.7

MARCH 17

842.7

36.7

76.7

97.2

632.1

344.3

153.8

134.0

APRIL 15

458.4

18.9

27.0

89.4

323.1

130.2

104.9

88.0

12

18

(MEMORANDUM:

262

90

NUMBER OF BANKS)
84

51

37

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.

*
TOTALS
http://fraser.stlouisfed.org/ MAY NOT ADD DUE TO ROUNDING.

Federal Reserve Bank of St. Louis

SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 26 FEB 1969
(AMOUNTS IN MILLIONS OF DOLLARS)

TABLE 3B

SI BILLION AND OVER

CD'S MATURING IN

1969 FEB

TOTAL

$200
MILLION
AND UNDER

$200 MILLION
TO
$500 MILLION

S500 MILLION
TO
$1 BILLION

PRIME 4/
OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CITY

TOTAL

27-28

MARCH

929.6

88.1

129.2

196.4

515.9

212.9

157.5

145.5

APRIL

367.9

27.0

54.0

68.2

218.7

68.3

88.7

61.7

MAY

707.9

65.2

135.4

139.2

368.1

113.7

150.5

103.9

JUNE

129.0

8.7

11.1

27.6

81.6

8.7

25.7

47.2

JULY

170.1

13.3

26.6

29.7

100.5

15.7

57.3

27.5

AUGUST

813.7

63.4

144.3

147.4

458.6

155.6

190.2

112.8

SEPTEMBER

72*5

3.7

20.7

17.7

30.4

12.9

7.4

10.1

OCTOBER

33.1

2.4

6.3

11.2

13.2

1.8

5.9

5.5

NOVEMBER

24.1

0.7

4.3

5.7

13.4

3.3

5.6

4.5

DECEMBER

23.7

1.6

1.4

6.4

14.3

4.5

8.2

55.9

2.6

6.4

9.2

37.7

1.6
2.8

13.9

21.0

204.8

5.4

37.4

45.3

116.7

19.1

73.8

23.8

3,532.3

282.1

577.1

704.0

1,969.1

616.4

781.0

571.7

1970 JANUARY
FEBRUARY
OR LATER
TOTAL *

(MEMORANDUM:

TAX AND DIVIDEND MATURITIES)

MARCH 10

74.7

5.0

9.1

17.9

42.7

14.2

9.8

18.7

MARCH 17

135.5

14.0

30.9

15.3

75.3

38.6

16.0

20.7

23.4

0.4

2.4

6.6

14.0

3.1

6.8

14.1

APRIL

15

—

262

90

(MEMORANDUM:

NUMBER OF BANKS)
84

51

37

12

2/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
3/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
4/ 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.
*
TOTALS MAY NOT ADD DUE TO ROUNDING.



18

TABLE 3C

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 26 FEB 1969
PERCENTAGE DISTRIBUTION

1/

SI BILLION AND OVER
CD'S MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200 MILLION
TO
$500 MILLION

$500 MILLION

TO

$1 BILLION

PRIME 3/
TOTAL
NEW YORK
CITY

2.7

3.4

2.5

2.8

MARCH

23.4

26.3

22.2

23.8

APRIL

16.7

21.3

15.5

MAY

11.4

12.2

JUNE

12.9

9.8

JULY

11.6

AUGUST

1969 FEB

27-28

2.6

OUTSIDE
NEW YORK
CITY

NON-PRIME

2.2

3.0

2.5

23.3

26.8

19.2

24.1

17.2

16.5

16.5

15.6

17.7

11.6

10.1

11.7

11.4

12.5

10.8

10.0

12.4

14.1

17.4

12.3

11.7

11.9

12.8

13.2

10.7

8.9

11.7

12.1

6.7

6.9

9.7

6.3

6.2

6.1

6.3

6.1

SEPTEMBER

3.1

1.8

3.8

3.1

3.0

2.6

3.5

2.9

OCTOBER

2.6

1.3

2.8

2.3

2.7

1.7

3.9

2.5

NOVEMBER

1*3

0.9

1.9

1.2

1.2

0.9

1.7

1.1

DECEMBER

2.1

1.5

2.3

2.3

2.0

1.5

2.6

2.0

1.7

1.7

2.1

2.1

1.4

FEBRUARY

1.1

0.5

1.3-

1.1

1.1

0.7

2.2
2.2
1.6

MARCH
OR LATER

2.4

0.4

1.8

2.2

2.8

1.2

4.9

2.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1970 JANUARY

TOTAL *

(MEMORANDUM:

100.0

3.0

1.1

TAX AND DIVIDEND MATURITIES)

MARCH 10

2.0

2.0

1.6

2.2

2.0

1.8

1.8

2.7

MARCH

17

4.2

3.1

2.8

2.6

5.-1

7.4

3.3

4.4

APRIL 15

2.3

1 .'6

1. 0

2 .4

2.6

2.8

2.3

2.9

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.
*
TOTALS MAY NOT ADD DUE TO ROUNDING.




TABLE 3D

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 26 FEB 1969
CUMULATIVE PERCENTAGE

1/

$1 BILLION AND OVER
C D ' S M A T U R I N G IN

TOTAL

$200
MILLION
AND UNDER

$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 BILLION

-

PRIME 3/
TOTAL
NEW YORK
CITY

1969 FEB

27-28

OUTSIDE
NEW YORK
CITY

NON-PRIME

2.7

3.4

2.5

2.8

2.6

3.0

2.5

2.2

MARCH

26.1

29.7

24.7

26.6

25.9

29.8

21.7

26.3

APRIL

42.8

51.0

40.2

43.8

42.4

46.3

37.3

44.0

MAY

54.2

63.2

51.8

53.9

54.1

57.7

49.8

54.8

JUNE

67.1

73.0

61.8

66.3

68.2

75.1

62.1

66.5

JULY

78.7

84.9

74.6

79.5

78.9

84.0

73.8

78.6

AUGUST

85.4

91.8

84.3

85.8

85.1

90.1

80.1

84.7

SEPTEMBER

88.5

93.6

88.1

88.9

88.1

92.7

83.6

87.6

OCTOBER

91.1

94.9

90.9

91.2

90.8

94.4

87.5

90.1

NOVEMBER

92.4

95,8

92.8

92.4

92.0

95.3

89.2

91.2

DECEMBER

94.5

97.3

95.1

94.7

94.0

96.8

91.4

93.8

96.5

99.0

96.8

96.8

96.1

98.2

93.6

96.8

97.6

99.5

98.1

97.9

97.2

98.9

95.2

97.9

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1970 J A N U A R Y
FEBRUARY
MARCH
OR LATER

1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE R E G A R D E D AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .




TABLE 3E

SALES /I/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 26 FEB 1969
PERCENTAGE DISTRIBUTION
$1 BILLION ANDi OVER

-

CD'S MATURING

IN

$200
MILLION
AND UNDER

TOTAL

$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 BILLION

-

PRIME 4/
TOTAL
NEW YORK
CITY

1969 FEB

OUTSIDE
NEW YORK
CITY

NON-PRIME

27-28

MARCH

26.3

31.2

22.4

27.9

26.2

34.5

20.2

25.5

APRIL

10.4

9.6

9.4

9.7

11.1

11.1

11.4

10.8

MAY

20.0

23. 1

23.5

19.8

18.7

18.4

19.3

18.2

JUNE

3.7

3.1

1.9

3.9

4.1

1.4

3.3

8.3

JULY

4.8

4.7

4.6

4.2

5.1

2.5

7.3

4.8

23.0

22.5

25.0

20.9

23.3

25.2

24.4

19.7

SEPTEMBER

2.1

1.3

3.6

2.5

1.5

2.1

0.9

1.8

OCTOBER

0.9

0.9

1.1

1.6

0.7

0.3

0.8

1.0

NOVEMBER

0.7

0.2

0.7

0.8

0.7

0.5

0.7

0.8

DECEMBER

0.7

0.6

0.2

0.9

0.7

0.3

0.6

1.4

1.6

0.9

1.1

1.3

1.9

0.5

1.8

3.7

5.8

1.9

6.5

6.4

5.9

3.1

9.4

4.2

1QO.O

100.0

100.0

100.0

100.0

100.0

100.0

100.0

AUGUST

1970 J A N U A R Y
FEBRUARY
OR LATER
TOTAL *

—

TAX t
AND DIVIDEND MATURITIES)

(MEMORANDUM2

M A R C H 10

2.1

1.8

1.6

2.5

2.2

2.3

1.3

3.3

M A R C H 17

3.8

5.0

5.4

2.2

3.8

6.3

2.0

3.6

APRIL

0.7

0.1

0.4

0.9

0.7

0.5

0.9

0.7

15

D A Ml/ C %

NUMBER OF BANK51

(MEMORANDUM:
262
1/
2/
3/
4/

90

84

51

37

7

12

SEE TECHNICAL A P P E N D I X A.
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 OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPORT OF C O N D I T I O N ON DECEMBER 31, 1965.
P R I M E BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
*
TOTALS MAY NOT A D D DUE TO R O U N D I N G .




18

TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
(IN MONTHS 1
DATE OF SURVEY
BANK CLASSIFICATION

26 FEB

1969

2 9 - J A N 1969

25 DEC

1968

(BY LOCATION)
ALL REPORTING BANKS
3.4

3.5

3.1

NEW YORK CITY

3.0

3.1

2.9

CHICAGO

3.2

3.2

2.9

OTHER

3.6

3.6

3.3

ISSUING CD'S

(BY SIZE OF B A N K ) 2/

UNDER $200 MILLION

2.8

3.0

2.6

$200—S500 MILLION

3.6

3.6

3.1

$500-$1»000 MILLION

3.4

3.5

3.1

OVER $1 BILLION

3.4

3.5

3.2

3.0

3.1

2.9

PRIME O U T S I D E NEW YORK CITY 3/

3.9

3.9

3.5

NON-PRIME

3.4

3.5

3.1

PRIME

IN NEW YORK CITY 3/

1/

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

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 M A R K E T .




IN DENOMINATIONS OF $100,000 OR MORE

ISSUED BY WEEKLY REPORTING

BANKS.

TABLE 4B
AVERAGE MATURITY
OF
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

1/

SOLD BY WEEKLY REPORTING BANKS
DURING THE MONTH OF VARIOUS SURVEYS
(IN MONTHS)
DATE OF SURVEY
BANK CLASSIFICATION

26 FEB

25 DEC 1968

29-JAN 1969

1969

I BY LOCATION)
AIL REPORTING BANKrS
ISSUING C D ' S

—

--

—
3.8

3.6
i -r1 o

...
..

NEW YORK CITY

3.2

3.8

3.9

CHICAGO

4.0

4.0

4.2

OTHER

3.7

4.1

3.7

1BY SIZE OF B A N K ) 2/
3.0

3.5

3.1

$200—$500 MILLION

3.8

4.2

3.9

1500—$1»000 M I L L I O N

3.6

3.9

3.6

OVER SI B I L L I O N

3.7

4.1

3.9

3.1

3.8

3.9

PRIME OUTSIDE NEW YORK CITY 3/

4.1

4.5

4.0

NON-PRIME

3.7

4.1

3.7

UNDER

$200 M I L L I O N

PRIME

IN N E * YORK CITY 3/

1/

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

It

TOTAL D E P O S I T S AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31t

"

IN DENOMINATIONS OF $400,000 OR MORE

sFLMiiisi; ssurs'iKti

 E — S E E TECHNICAL APPENDIX B .
NOT


ISSUED BY WEEKLY REPORTING BANKS.
1965.

TABLE 5A
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
(PER CENT)

DATE OF SURVEY
TOTAL DEPOSITS 2/
(IN MILLIONS OF DOLLARS)

26 FEB 1969

29 JAN 1969

25 DEC

1968

ALL BANKS ISSUING
CD'S

9.2

9.5

-f i
O |

UNDER 200

7.5

7.2

7.2

00
00

CO
00

9.0

9.3

9.6

9.9

9.4

o
o

11.2

PRIME IN NEW YORK 3/

9.4

10.2

12.3

PRIME OUTSIDE NEW YORK 3/

8.5

8.8

9.6

11.5

11.8

12.4

200 - 500
500 - 1000
OVER

1000

NONPRIME
It 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.

NOTE-




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

TABLE 58
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AS OF 26 FEB 1969
(NUMBER OF BANKS)
TOTAL DEPOSITS 2/
UN

5%
OR
LESS

MILLIONS OF DOLLARS)

5
TO
10%

10
TO
15%

15
TO
20%

20
TO
25%

25%
OR
MORE

AVERAGE CD
TO DEPOSIT
RATIO (PER CENT)

ALL BANKS ISSUING
CD'S

89

78

52

26

13

4

9.2

UNDER 200

41

23

14

7

4

1

7.6

200 - 500

32

20

18

6

5

3

8.8

500 - 1000

12

18

11

8

2

0

9.3

4

17

9

5

2

0

9.4

0

5

2

0

0

0

9.4

2

6

3

0

1

0

8.5

2

6

4

5

1

0

11.5

OVER 1000
PRIME

IN NEW YORK 3/

PRIME OUTSIDE NEW YORK

3/

NONPRIME
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 OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
29 JAN 1969 TO 26 FEB 1969
(NUMBER OF BANKS)

DECLINES OF
TOTAL DEPOSITS 2/
(IN MILLIONS OF DOLLARS)

,LL 'i*i

MORE

ZERO

10%

LESS

^

------------------------ ^ N E ^ T L D -

CHANGE

LESS

10*

^ORE

I ® A S E

lS5U,NG

UNDER 200

1

200 - 500

1

500 - 1000

0

OVER

0

1000

PRIME

INCREASES OF

REDUCED ------------------------

IN NEW YORK 3/

14

/

NONPRIME

15

19

0

16

6

14

7

16

0

11

2

1*

2

3

0

11

0

4

2

0

0

4

3

0

0

0

0

0

0

1

0
0

1/ INCLUDES CERTIFICATES

16

13

7

8

8

11

10

19

6

0

PRIME OUTSIDE NEW YORK 3

8

6

4

0

0

1

0

0

2

4

7

IN DENOMINATIONS OF $100,000 OR MORE

0

4

1

0

0

ISSUED BY WEEKLY REPORTING BANKS.

2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.

"

note

-




sr"«si,Ere sEkrs'KK

z

l

i

t

i

i

o

'

s

.

'

s

.

r

s

E

r

'

,

H

,

T

DATE

TABLE 50
PER CENT CHANGE

IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
27 NOV

1968 TO 26 FEB 1969

(NUMBER OF BANKS)

TOTAL DEPOSITS /2
(IN MILLIONS OF DOLLARS)

REDUCED CD'S 25%
TO
OR
ZERO
MORE

DECLINES OF
20
TO
25%

15
TO
20%

10
TO
15%

INCREASE OF
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 BASE DATE

ALL BANKS ISSUING
CD'S

4

42

11

25

22

28

27

11

19

21

10

8

7

28

UNDER 200

2

11

3

4

3

5

7

5

7

10

7

6

6

15

1

2 0 0 - 500

1

8

3

9

9

8

11

4

6

7

2

1

1

13

2

500 - 1000

1

11

4

8

5

7

4

2

5

4

0

1

0

0

0

OVER

0

12

1

4

5

8

5

0

1

0

1

0

0

0

0

0

6

0

1

0

0

0

0

0

0

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3/

0

3

1

0

1

4

2

0

0

0

1

0

0

0

0

NONPRIME

0

3

0

3

4

4

3

0

1

0

0

0

0

0

0

1000

PRIME

IN NEW YORK 3/

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-




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

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
29 JAN 1969 TO 26 FEB

1969

(NUMBER OF BANKS)
TOTAL DEPOSITS 2/

DECLINES OF

(IN MILLIONS OF DOLLARS)

3%
AND
OVER

2
TO
3%

1
TO
236

INCREASES OF
1

$
ANO
LESS

NO
CHANGE

U
AND
LESS

1
TO
2%

2
TO
3%

3*
AND
OVER

ALL BANKS ISSUING
CD'S

0

4

33

105

15

86

13

6

2

UNDER 200

0

0

9

28

7

33

9

4

1

200 - 500

0

1

10

31

6

29

4

2

1

500 - 1000

0

2

a

21

2

18

0

0

0

OVER

0

1

6

24

0

6

0

0

0

0

1

3

3

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3/

0

0

0

11

0

1

0

0

0

NONPRIME

0

0

3

10

0

5

0

0

0

1000

PRIME

IN NEW YORK 3/

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 5F
CHANGE

IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
27 NOV

1968 TO 26 FEB 1969

(NUMBER OF BANKS I
TOTAL

DEPOSITS 2/

(IN MILLIONS OF DOLLARS)

ALL BANKS ISSUING
CD'S

DECLINES OF
5%
AND
OVER

4
TO
5%

3
TO
4%

INCREASES OF

2
TO
3$

1
TO
2%

1%
AND
LESS

NO
CHANGE

1%
AND
UNDER

1
TO
2*

2
TO
3%

3
TO
4%

4
TO
5%

5%
AND
OVER

10

12

10

15

36

78

10

53

21

10

3

2

6

UNDER 200

1

2

1

0

5

28

4

23

13

7

2

1

5

200 - 500

1

3

2

8

11

23

4

21

7

2

1

1

1

500 - 1000

3

3

6

3

11

15

2

7

1

1

0

0

0

OVER

5

4

1

4

9

12

0

2

0

0

0

0

0

3

2

1

0

1

0

0

0

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3/

1

1

0

1

3

5

0

1

0

0

0

0

0

NONPRIME

1

1

0

3

5

7

0

1

0

0

0

0

0

1000

PRIME

IN NEW YORK 3/

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
INTERBANK AND U.S. GOVERNMENT DEPOSITS.

IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING

TABLE 6A
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1969
(AMOUNTS IN MILLIONS OF DOLLARS I
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

530.2

28.2

MAR

4674.3

APR

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

84.1

8.6

3.9

13.6

38.3

93.6

141.2

595.3

90.6

65.2

105.8

387.4

787.2

97.8

72.5

414.8

82.2

54.6

74.3

255.2

669.6

140.7

54.5

68.4

454.5

42.6

33.3

63.7

108. 1

397.9

90.7

163.5

52.7

63.7

331.5

46.4

36.7

50.9

133.6

415.8

607.3

57.1

217.7

44.7

85.1

299.9

35.7

34.4

85.1

280.8

457.0

60.9

404.7

26.7

132.6

23.7

43.0

203.0

28.8

20.1

55.7

108.6

239.2

612.0

31.1

175.3

19.8

60.2

25.7

20.2

103.4

17.8

13.1

17.0

33.5

94.9

OCT

511.7

36.4

116.4

10.2

44.7

16.2

9.3

53.8

7.0

3.9

25.7

22.0

166.1

NOV

260.4

15.5

65.5

4.4

22.8

7.6

7.5

60.1

4.0

1.4

4.3

14.3

53.0

DEC

418.5

53.9

124.6

10.3

32.9

11. 1

20.4

46.9

4.7

3.7

8.1

42.9

59.0

1970 JAN

404.1

14.7

110.2

18.2

42.6

5.1

16.7

40.5

6.8

3.6

6.2

46.4

93.1

FEB

220.7

7.4

52.0

8.4

25.2

9.6

11.3

30.6

4.2

1.6

2.0

12.4

56.0

MAR OR LATER

475.1

16.4

71.3

13.4

193.2

7.6

9.5

62.7

9.1

0.0

0.6

31.1

60.2

19971.2

1172.3

6448.1

598.6

1542.3

508.2

586.4

2781.1

388.5

275.5

513.0

1514.6

3642.6

A V E R A G E MATURITY
IN MONTHS 2/

3.4

3.2

3.0

3.2

4.9

3.1

3.6

3.4

3.2

3.0

3.3

3.4

3.4

NUMBER OF REPORTING
BANKS

262

18

49

10

16

15

23

36

11

5

21

24

34

NEW
YORK

PHILADELPHIA

CLEVELAND

180.4

12.5

30.0

19.4

17.6

290.9

1698.7

163.8

215.7

132.5

3344.8

209.0

1095.6

98.7

220.5

MAY

2279.1

131.8

719.2

64.4

JUN

2585.5

173.1

1026.9

JUL

2307.8

103.0

AUG

1347.0

SEP

1969 FEB 26-FEB 28

TOTAL *

1/ INCLUDES ONLY CERTIFICATES

CHICAGO

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

2/ SEE TECHNICAL APPENDIX B.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.




RICHMOND
ATLANTA

TABLE 68
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1969
(AMOUNTS
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

1969 MAR

929.8

69.4

APR

367.8

MAY

IN MILLIONS OF DOLLARS!

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

89.4

11.4

5.3

18.9

111.8

171.1

5.0

58.5

7.5

1.7

11.4

21.6

82.4

21.2

23.9

128.1

14.7

7.6

38.2

31.4

133.8

6.7

4.5

0.4

19.5

1.2

0.8

1.9

2.1

27.5

3.0

8.6

5.6

7.3

26.9

0.7

0.7

3.9

18.6

59.7

225.8

17.4

47.4

17.9

18.6

135.8

23.9

12.9

35.7

85.1

162.3

1.1

19.7

4.3

4.2

0.7

1.7

5.0

7.7

7.1

8.3

5.0

7.8

33.0

7.7

9.0

1.0

2.4

1.1

0.0

2.9

0.8

0.2

0.2

2.0

5.7

NOV

24.0

3.4

5.6

0.3

2.5

0. 1

0.2

3.8

1.1

0.0

0.9

1.3

4.8

DEC

25.6

1.9

9.5

0.0

3.3

0.4

2.4

0.8

0.4

0.0

0.0

4.3

2.6

1970 JAN

56.0

1.0

23.7

3.9

4.8

0.3

2.9

3.2

0.3

0.3

0.7

2.1

12.8

204.8

6.8

40.0

5.1

22.8

9.6

11.3

34.7

7.3

1.6

2.1

9.7

53.8

3 534.6

228.1

1019.0

102.8

217.7

85.9

115.8

508.6

77.0

38.2

122.2

295.0

724.3

3.6

2.9

3.3

3.6

4.2

4.0

3.7

3.8

4.6

4.5

3.6

3.3

3.8

NEW
YORK

PHILADELPHIA

CLEVELAND

328.2

26.8

40.1

15.3

42.1

31.0

110.0

8.2

21. 3

9.2

707.8

55.4

179.2

20.7

53.6

JUN

129.1

11.6

40.8

12.1

JUL

170.2

7.7

27.5

AUG

813.9

31.1

SEP

72.6

OCT

FEB OR LATER
TOTAL *
AVERAGE MATURITY
IN MONTHS 3/

RICHMOND ATLANTA

CHICAGO

1/ SEE TECHNICAL APPENDIX A.
2/ INCLUDES ONLY C E R T I F I C A T E S
3/ SEE TECHNICAL APPENDIX

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

B.

* DETAILS MAY NOT A D D TO TOTALS DUE TO ROUNDING.




TABLE 6C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT

1/

AS OF 26 FEB 1969
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

2.7

2.4

MAR

23.4

APR

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

3.0

2.2

1.4

2.7

2.5

2.6

24.1

21.4

23.3

23.7

20.6

25.6

21.6

19.2

12.4

14.9

21.2

19.8

14.5

16.8

18.4

9.1

10.7

11.7

16.3

11.0

12.1

12.4

7.1

10.9

15.2

10.6

10.4

10.9

11.9

11.9

13.3

9.9

8.8

11.4

9.4

9.5

14.1

8.8

14.5

10.8

9.2

12.5

16.6

18.5

12.5

5.2

6.3

4.5

8.6

4.7

7.3

7.3

7.4

7.3

10.9

7.2

6.6

3.1

2.7

2.7

3.3

3.9

5.1

3.4

3.7

4.6

4.8

3.3

2.2

2.6

OCT

2.6

3.1

1.8

1.7

2.9

3.2

1.6

1.9

1.8

1.4

5.0

1.5

4.6

NOV

1.3

1.3

1.0

0.7

1.5

1.5

1.3

2.2

1.0

0.5

0.8

0.9

1.5

DEC

2. 1

4.6

1.9

1.7

2. 1

2.2

3.5

1.7

1.2

1.3

1.6

2.8

1.6

1970 JAN

2.0

1.3

1.7

3.0

2.8

1.0

2.8

1.5

1.8

1.3

1.2

3.1

2.6

FEB

1.1

0.6

0.8

1.4

1.6

1.9

1.9

1.1

1.1

0.6

0.4

0.8

1.5

MAR OR LATER

2.4

1.4

1.1

2.2

12.5

1.5

1.6

2.3

2.3

0.0

0.1

2.1

1.7

100.0 , 100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

PHILADELPHIA

CLEVELAND

2.8

2.1

1.9

3.8

3.0

24.8

26.3

27.4

14.0

26.1

16.7

17.8

17.0

16.5

14.3

MAY

11.4

11.2

11.2

10.8

JUN

12.9

14.8

15.9

JUL

11.6

8.8

AUG

6.7

SEP

1969 FEB 26--FEB 28

TOTAL *

100.0

1/ INCLUDES ONLY CERTIFICATES




NEW
YORK

RICHMOND
ATLANTA

CHICAGO

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

TABLE 6D
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1969
(CUMULATIVE PERCENTAGE)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

3.0

2.2

1.4

2.7

2.5

2.6

27.1

24.4

25.5

25.1

23.3

28.1

24.2

49. 1

39.5

39.3

46.7

44.9

37.8

44.9

42.6

39.3

59.8

51.2

55.6

57.7

57.0

50.2

52.0

53.5

72.0

49.9

70.2

62.1

67.5

69.6

70.3

60.1

60.8

64.9

82.6

81.5

64.0

79.0

76.6

78.3

78.8

82.8

76.7

79.3

77.4

85.0

88.9

86.0

72.6

83. 7

83,9

85.6

86.2

90.1

87.6

86.5

84.0

88.5

87.7

91.6

89.3

76.5

88.8

87.3

89.3

90.8

94.9

90.9

88.7

86.6

OCT

91.1

90.8

93.4

91.0

79.4

92.0

88.9

91.2

92.6

96.3

95.9

90.2

91.2

NOV

92.4

92.1

94.4

91.7

80.9

93.5

90.2

93.4

93.6

96.8

96.7

91.1

92.7

DEC

94.5

96.7

96.3

93.4

83.0

95.7

93.7

95.1

94.8

98.1

98.3

93.9

94.3

1970 JAN

96.5

98.0

98.0

96.4

85.8

96.7

96.5

96.6

96.6

99.4

99.5

97.0

96.9

FEB

97.6

98.6

98.8

97.8

87.4

98.6

98.4

97.7

97.7

100.0

99.9

97.8

98.4

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

ALL
DISTRICTS

BOSTON

2.7

2.4

MAR

26.1

APR

CD' S MATURING IN

RICHATLANTA
MOND

PHILADELPHIA

CLEVELAND

2.8

2.1

1.9

3.8

3.0

27.2

29.1

29.5

15.9

29.9

42.8

45.0

46. 1

46.0

30.2

MAY

54.2

56.2

57.3

56.8

JUN

67.1

71.0

73.2

JUL

78.7

79.8

AUG

85.4

SEP

1969 FEB 26-FEB 28

MAR OR LATER

1/ INCLUDES ONLY CERTIFICATES




NEW
YORK

CHICAGO

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

TABLE 6E
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 FEB 1969
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

1969 MAR

26.3

30.4

32.2

26. 1

18.4

17.8

36.4

APR

10.4

13.6

10.8

8.0

9.8

10.7

MAY

20.0

24.3

17.6

20.1

24.6

JUN

3.7

5.1

4.0

11.8

JUL

4.8

3.4

2.7

AUG

23.0

13.6

SEP

2.1

OCT

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

17.6

14.8

13.9

15.5

37.9

23.6

4.3

11.5

9.7

4.5

9.3

7.3

11.4

24.7

20.6

25.2

19.1

19.9

31.3

10.6

18.5

3.1

5.2

0.3

3.8

1.6

2.1

1.6

0.7

3.8

2.9

4.0

6.5

6.3

5.3

0.9

1.8

3.2

6.3

8.2

22.2

16.9

21.8

20.8

16.1

26.7

31.0

33.8

29.2

28.8

22.4

0.5

1.9

4.2

1.9

0.8

1.5

1.0

10.0

18.6

6.8

1.7

1.1

0.9

3.4

0.9

1.0

1.1

1.3

0.0

0.6

1.0

0.5

0.2

0.7

0.8

NOV

0.7

1.5

0.5

0.3

1.1

0.1

0.2

0.7

1.4

0.0

0.7

0.4

0.7

DEC

0.7

0.8

0.9

0.0

1.5

0.5

2.1

0.2

0.5

0.0

0.0

1.5

0.4

1970 JAN

1.6

0.4

2.3

3.8

2.2

0.3

2.5

0.6

0.4

0.8

0.6

0.7

1.8

5.8

3.0

3.9

5.0

10.5

11.2

9.8

6.8

9.5

4.2

1.7

3.3

7.4

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

FEB OR LATER
TOTAL *

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND
ATLANTA

CHICAGO

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

ISSUED

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

NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE M A T U R E D .
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.




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 date--are assumed to mature in the middle of the
period between the .survey date and the 6nd 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 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