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L.4. 1
CONFIDENTIAL (FR)

August 14, 1967




SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
July 26, 1967

Note: Sales since the previous survey and comparisons
with the previous data reflect a revision in the June series
whereby $14 million in outstanding negotiable CD's have
been eliminated from the series due to a reporting error.

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

TABLE
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
WEEKLY
AS

CD'S

MATURING

1967 JULY

NEGOTIABLE
REPORTING

OF 26 JUL

AMOUNT
(MILLIONS OF
DOLLARS)

IN

2 7 - 31

1
1/
TIME C E R T I F I C A T E S OF D E P O S I T AT

BANKS
1967

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

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

.
0

4.0

4.0

AUGUST

4,032.0

20.5

24.5

1,128.8

SEPTEMBER

3.973.0

20.2

44.7

780. 1

OCTOBER

2 ,718.8

13.8

58.5

1,066.0

NOVEMBER

1,276.2

6.5

65.0

296.9

DECEMBER

2.094.1

10.6

75.6

404.2

JANUARY

1,681.8

8.5

84. 1

734.8

FEBRUARY

468.8

2.4

86.5

68. 5

MARCH

569.6

2.9

89 .4

98.2

APRIL

474.5

2.4

91.8

111.5

MAY

307.0

1.6

93.4

23. 9

JUNE

376.8

1.9

95. 3

60.2

JULY

1968

792.7

285.1

1.4

96. 7

220.1

644.7

3.3

100.0

XXX

19,695.1

100.0

XXX

4,993.4

OVER

12 M O N T H S
TOTAL

(MEMORANDUM:
SEPTEMBER
SEPTEMBER

11
15

252.5
1 ,040.3

1/

INCLUDES ONLY CERTIFICATES

2/

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

3/

S A L E S OF C O * S M A T U R I N G AFTER




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

11 M O N T H S .

TAX

AND D I V I D E N D M A T U R I T I E S >
1.3
5. 3

GF $ 1 0 0 , 0 0 0 OR M O R E

XXX
XXX

ISSUED BY

WEEKLY

43.2
237. 7

REPORTING

BANKS.

3/

T A B L E 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 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 , AND ALL 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 6 JUL
(IN M I L L I O N S
NEW
CD* S M A T U R I N G

IN

AMOUNT

1967

UF D O L L A R S )

YORK C I T Y

CHICAGO

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

AT

AMOUNT

ALL

SALES S I N C E
PREV IUUS M U N T H

—

OTHER

WEEKLY

AMOUNT

2/

REPORTING

BANKS

SALES S I N C E
PREVIOUS MUNTH

234.0

.0

48.8

.0

509.Q

.0

AUGUST

1,474.9

394.5

266.0

68.9

2 ,291.1

665.3

SEPTEMBER

1,627.0

348.4

278.1

32.9

? ,067.3

398.8

OCTOBER

97S. 1

371.2

203.0

96.0

1 ,536.7

598 .4

NOVEMBER

452.9

138.3

99. 1

39 .3

724.2

119.5

DECEMBER

790.8

145.3

230.8

6 3.6

1 ,07?.5

194.8

596.1

244.9

197. 1

74.7

888.6

415.0

FEBRUARY

110.2

13.9

68.5

10.9

290.1

43.9

MARCH

1 75.2

15.3

59.9

26.7

334.5

5T> .0

APRIL

152.1

36.3

43.0

21.2

279.4

54.2

MAY

126.4

11.7

27.5

.3

153.1

12.1

JUNE

lib. 8

48.8

5.4

212.2

46 . 7

JULY

66.4

24.5

114.9

XXX

42. 1

XXX

487.7

XXX

7,016.4

1,752.4

1» 6 4 4 . 1

462.9

11 , 0 3 4 . 6

2,777.4

1967 JUL

27 -

JUL

31

1968 J A N U A R Y

UVER

12 M O N T H S
TOTAL

*

NUMBER OF REPORTING

BANKS

8. 1
/3

12

11
15

109.7
544. 7

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
2/
3/

SALES UF

CD'S MATURING AFTER

* T O T A L S MAY N U T A D D D U E




TAX

AND

19.D
106.7

IN D E N O M I N A T I O N CF $ 1 0 0 , 0 0 0 GR M O R E

S E E T E C H N I C A L A P P E N D I X A.
11 M O N T H S .

10 R O U N D I N G .

23.0 / 3

187.3

11
(MEMORANDUM:

SEPTEMBER
SEPTEMBER

31.4

1 7 2 . 7 /3

242

CIVICENL MATURITIES)

20.4
100.1

2.7
10 . 1

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

122.4
395.5
tiANK S

20.9
120.7

2/




TABLE 2B

1/
M A T U R I T Y D I S T R I B U T I O N CF C U T S T A N O 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 UF D E P O S I T AT
NEW

YORK C I T Y , C H I C A G O . AND ALL OTHER W E E K L Y R E P O R T I N G B A N K S
AS OF 26 JUL

1967 ANC 2d JUN

(PERCENTAGE

D1STRIBUTIUN)

NEW YORK CITY
CD'S

MATURING

IN

26 JUL

1967

CHICAGO

28 JUN

26 JUL

ALL OTHER
28 JUN

26 JUL

20 JUN
4.3

4.6

3.3

4.3

3.0

2.7

01 M O N T H S 3/

21.0

20 .6

16.2

24.1

20. e

24.4

02 M O N T H S

23.2

16.1

16.9

12. r

lb. 7

15.G

03 M O N T H S

14.0

19.1

12.3

15.8

13.9

lb. 3

04 M O N T H S

6.5

9.1

6.0

6.9

6.6

8.6

05 M O N T H S

11.3

4.7

14.0

3.9

9. 7

5.6

06 M O N T H S

8.5

9.6

12.0

1C .8

8.1

8. 1

C7 M O N T H S

1 .6

5.2

4.2

7 .9

2. 6

4.4

08 M O N T H S

2.5

1.4

3.6

3.7

3.0

2. i

09 M O N T H S

2.2

2.4

2.6

2.1

2.5

2.6

10 M O N T H S

1.8

1.7

1.7

1.4

1.4

2.1

11 M O N T H S

1.7

1.7

3.0

1.8

1.9

1.3

12 M O N T H S

.9

1.6

1.9

2.8

1. 7

1.5

1.6

2.3

2.6

3.3

4.4

4. 6

100.0

100.0

100.0

100.0

0-6 DAYS 2/

OVER

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.

IN O E N O f INAT I LNb OF * 1 0 0 , 0 0 0 OR MUKfc

ISSUED BY

2/ N U M B E R OF DAYS R E M A l M h G IN SURVEY M O N T H . THIS P E R I O D V A R I E S WITH THE
F O L L O W I N G THE LAST wEONfcSDAY OF THE M O N T H .
3/ N U M B E R

CF M O N T H S F O L L O W I N G THE SURVEY

* T O T A L S M A Y NUT

ADD DUE

TC R U U N D I N G .

•CNTH.

100. 0

100.0

WEEKLY

REPuRIlNv

NUMBER UF U A Y S

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 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 UF D E P O S I T AT
NEW YORK C I T Y , C H I C A G O , AND ALL OTHER
AS OF 2 6 JUL

WEEKLY R E P O R T I N G

1967 AND 2d JUN

BANKS

1967

i

1
1

1CUMULATIVE DISTRIBUTION!

IN
26

JUL

28 JUN

ALL

CHICAGO

CiTY

CD'S MATURING

26 JUL

28 JUN

26 JUL

OTHER
28 JUN

3.3

4.3

3.0

2.7

4.6

4.3

01 M O N T H S 3/

24.3

24.9

19.2

26.8

25.4

28.7

02 M O N T H S

47.5

41.0

36.1

39.5

44. 1

43.7

03 M O N T H S

61.5

60.1

48.4

55.3

58.0

59.0

04 M O N T H S

68.0

69.2

54.4

62.2

64. 6

67.6

05 M O N T H S

79.1

73.9

68.4

66.1

74.3

73.2

06 M O N T H S

87.8

83.5

80.4

76.9

82.4

81.3

07 M O N T H S

89.4

88.7

84.6

84.8

85.0

85.7

08 M O N T H S

91 .9

90*1

88.2

88.5

88.0

88.0

09 M O N T H S

94.1

92.5

90.8

90.6

90.5

90.6

10 M O N T H S

95.9

94.2

92.5

92.0

91.9

92.7

11 M O N T H S

97.6

95.9

95.5

93.8

93.d

94. 0

12 M O N T H S

98.5

97.5

97.4

96.6

95.5

95.5

100.0

100.0

100.0

100.0

100.c

100.0

0 - 6 W A Y S 2/

OVER

1/

12 M O N T H S
.

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

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

2/ N U M B E R UF D A Y S R E M A I N I N G IN SURVEY MCNTH. THIS
F O L L O W I N G THE LAST WEDNESDAY OF THE K 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 T HE SURVEY M O N T H .




ISSUED BY WEEKLY REPORTING

P E R I O D V A R I E S WITH THE NUMBER OF D A Y S

TABLE: 3A

$i B I L L I O N
CD'S MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
TO
$ 500 M I L L I O N

$500 MILLION
TO
$1 BILLION

AND OVER

PRIME
TOTAL

3/

1967 JUL

27-31

O U T S IDE
NEW Y O R K
CITY

NON-PRIME

NEW YORK
CITY
792.5

41.2

91.5

100.3

559.5

220.4

187.4

151.7

AUGUST

4,C32.C

203.2

465. 8

618.1

2,744.9

1,397.4

766.9

580.6

SEPTEMBER

3,973. C

146.9

421.2

535.6

2,869.3

1, 558. 8

862.1

448.4

OCTOBER

2.718.8

121.4

328.4

428.5

1.840.5

92 9.2

557.3

354.0

NOVEMBER

1 ,2 76. 1

55.3

143.2

197.9

879.7

438.5

269.1

172.1

DECEMBER

2*094.u

85.7

191.4

243.3

1.573.6

760.8

575.6

237.2

1.681.9

67.4

185.1

249.8

1,179.6

570.3

378.9

230.4

FEBRUARY

468. 7

16.8

51.4

78.7

321.8

105.9

183.2

32.7

MARCH

56 9. 6

14.4

4 7.6

113.9

393. 7

169.8

137.6

86.3

APRIL

474.4

18.4

53.2

63.8

339.0

139.4

122.0

77.6

MAY

306.8

10.4

24.1

31.6

240.7

126.3

83.4

31.0

JUNE

3 76.8

16.6

41.6

63.8

254. 8

106.4

102.6

45.8

JULY

285,0

12.5

27.4

48.5

196. t

62.4

8C.4

53.8

AUGUST
OR L A T E R

644. 7

7.3

48.6

97.7

491. 1

114.6

289.2

87.3

1 9 , 6 9 4 .3

817.5

2,120.5

2,871.5

13,884.8

6 , 7 CO. 2

4,595.7

2,588.9

1968 J A N U A R Y

TOTAL

*

(MEMOKANOUM:

TAX

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

SEPTEMBER

11

252.4

7.8

17.8

36.4

190.4

107.0

46.9

36.5

SEPTEMBER

15

1,040.2

23.6

54.2

62.7

899.7

538.4

291.4

69.9

12

18

(MEMORANDUM:
265

95

NUMBER
83

UF

B A N K S ) -50

37

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 $100,000 LR PUKE ISSUED BY W E E K L Y R E P O R T I N G H A N K S .
2/ TOTAL D E P O S I T S AS RE*>OK\tD
IN THE C A L L RtPCRT Lf C C N D I T I C N CN C t C E M B E R 31, 1 9 6 5 .
3/ P R I M E B A N K S A R E THCSfc WHOSE N E G O T I A B L E C E R T I F I C A T E S UF 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
R E P O R T E D BY D E A L E R S TO T R A D t hi THIN 1 OR 2 BAblS P O I N T S OF EACH CT Hfctf WITHl,* THE S E C O N D A R Y M A R K E T .
*
T O T A L S M A Y N U T A D D DtlE TO R O U N D I N G .




DUALITY

AND

WHICH

ARE

TABLE 38

SALES /!/ CF NEGOTIABLE TIME CERT1F1CATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 26 JUL 1967
tAMCUNTS IN MILLIONS OF DOLLARS)
$1 BILLION AND OVER

CC« s MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200 MILLION
TC
$500 MILLION

$500 MILLION
TO
$1 BILLION

PRIME 4/
TOTAL
NEW YORK
CI TY

1 9 6 7 JUL

OUTSIDE
NEW YORK
CITY

NON-PRIME

27-31

AUGLST

1,126.t

50.5

134.0

189.6

754.7

355.3

207.0

192.4

780.0

24.8

92.5

98.4

564.3

334.7

133.5

96. 1

1,066.1

57.6

147.1

162.2

699.2

350.6

196.9

151.7

NOVEMBER

297. 0

5.2

25.1

34.2

232. 5

132.8

71.6

28.1

DECEMBER

4C4. 1

16.8

32.6

40.7

314.0

138.2

132.0

43.8

734. 9

39.3

100.0

104.0

491.6

226.8

154.9

107.9

FEBRUARY

68.6

4.3

11.9

17.0

35.4

12. 3

15.8

7.3

MARCH

98.2

1.5

1.7

19.7

75.3

12.4

37.2

25.7

APRIL

111.4

2.4

5.6

17.5

85.9

28.8

29.9

27.2

MAY

23. 8

0.8

1.3

4.5

17.2

11.7

4.2

1.3

JUNE

6C.3

6.5

13.7

14.2

25.9

5.4

14.3

220.0

14.1

26.6

52.9

126.4

23.5

57.8

45.1

4,993.2

223.8

592.1

754.9

3,422.4

1,634.5

1,055.1

732.8

9. 3

SEPTEMBER
OCTOBER

1968 JANUARY

JULY
OR LATER
TOTAL *

—
SEPTEMBER

11

43.2

SEPTEMBER

15

237.6

(MEMORANDUM:

0.8
5.2
—

265

95

TAX

6.2

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

1.9

6.9

33.6

IS.9

4.4

20.1

24.7

187.6

103.1

55.6

28.9

12

18

(MEMORANDUM:

NUMBER OF BANKS)
83

50

37

1/ SEE TECHNICAL APPENDIX A .
2/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 CK MOFE ISSUEC BY WEEKLY REPORTING BANKS
3/ TOTAL DEPOSITS AS R EPORTED IN THE CALL REPORT OF CONDITION CN DECEMBER 31, 1965.
*
TOTALS MAY NOT ADO Ollh TO R O U N D I N G .



ARE

TABLE 3C

M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G NEGOTIABLE TIME C E R T I F I C A T E S UF D E P O S I T
AT WEEKLY R E P O R T I N G bANK S BY SIZE OF B A N K S 2/
AS CF 26 JUL 1967
PERCENTAGE DISTRIBUTION

1/

SI BILLION ANO O V E R
CD'S MATURING

IN

S2G0
MILLION
ANO UNDER

TOTAL

$200

MILLION
TO
MILLION

$500

$500 MILLION
TO
*1 BILL ION

-

PRIME 3 /
TOTAL
NEW YORK
CITY

1967 JUL

27-31

OUTSIDE
NEW YORK
CITY

NON-PR i fE

4.0

5.0

4.3

3.5

4.0

3.3

4.1

5.9

AUGUST

20.5

24.9

22.0

21.5

19.6

20. 9

lb.7

22.4

SEPTEMBER

20.2

18.0

19. 9

18.7

20. 7

23.3

18.8

1 7.3

OCTOBER

13.8

14.9

15.5

14.9

13.3

13.9

12.1

13.7

NOVEMBER

6.5

6.8

6.8

6.9

6.3

6.5

5.9

6.6

DECEMBER

10.6

10.5

9.0

8.5

11.3

11.4

12.5

9.2

8.5

8.2

8.7

d.7

8.5

8.5

8.2

8.9

FEBRUARY

2.4

2.1

2.4

2.7

2.3

1.6

4.0

1.3

MARCH

2.9

1.8

2.2

4.0

2.8

2.5

3.0

3.3

APKiL

2.4

2.3

2.5

2.2

2.4

2.1

2.7

3.0

MAY

1.6

1.3

1.1

1.1

1.7

1.9

1.8

1.2

JUNE

1.9

2.0

2.0

2.2

1.0

1.6

2.2

1.8

JULY

1.4

1.5

1.3

1.7

1.4

C.9

1.7

2.1

AUGUST
OR LATER

3.3

0.9

2.3

3.4

3.5

1.7

6.3

3.4

100.0

100.0

130.0

100.0

100.0

1 CO.0

IOC.0

100.0

1968 J A N U A R Y

TOTAL
—

*

———

—

— —

( MEMORANDUM '

TAX ANU DIVIDEND M A T U R I T I E S )

SEPTEMBER

11

1.3

1.0

0.8

1.3

1.4

1.6

1.0

1.4

SEPTEMBER

15

5.3

2.9

2.6

2.2

6.5

8.C

6.3

2.7

1/ INCLUDES C E R T I F I C A T E S IN DfcNOMlNATICNS CF $100,000 OK MORE ISsUfcD BY WEEKLY REPORT ING B A N K S .
2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPCRT CF C C N D I T I C N CN DECEMBER 31, 1965.
3/ P R I M E BANKS A R E THCSE WHO St N E G O T I A B L E C E R T I F I C A T E S uF DEPOSIT ARc R c G A R D t D AS BEING OF THE HIGHEST
R E P O R T E D BY DLALEkS fO TRADE WITHIN 1 UR 2 BASIS POINTS UF EACH OTHER WITHIN THE SECONDARY M A R K E T .
*
TOTALS MAY NOT ADD DUE TO R O U N D I N G .




QUALITY AND

WHICH

ARE

TABLE

3D

M A T U R I T Y D I S T R I B U T I O N Of CUT 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 SIZE UF B A N K S 2/
AS OF 26 JUL 1 9 o 7
CUMULATIVE PERCENTAGE

SI B I L L I O N

-

CD9S

MATURING

IN

TOTAL

$200
MILLION
ANU UNDER

*200
1500

MILLION
TC
MILLION

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

1/

-

P R I M E 3/
TOTAL
N E W YORK
CITY

1967 JUL

27-31

V

AND OVER

4.0

5.0

4.3

3.5

4.0

AUGUST

24.5

29.9

26.3

25.0

23.8

SEPTEMBER

44.7

47.9

46.2

43.7

OCTOBER

56.5

b2.8

61.7

NOVEMBER

65.C

69.6

DECEMBER

75.6

i. 3

OUTSIDE
NEW YORK
CITY

NGN-PR1PE

4. 1

5.9

24.2

2C.8

28.3

44.5

47.5

39.6

45.6

58.6

57.8

61.4

51.7

59.3

bti . 5

65.5

64.1

67. 9

5 7.6

65.9

80.1

77.5

74.0

75.4

79.3

70.1

75.1

84.1

88.3

86.2

82.7

83.9

87. 8

78.3

84.0

FEBRUARY

86.5

90.4

88 .6

85.4

86.2

89.4

82.3

85.3

MARCH

89.4

92.2

90.8

89.4

89.0

91.9

85.3

88.6

APRIL

91.8

94.5

93.3

91.6

91.4

94.0

88.0

91.6

MAY

93.4

95.8

94.4

92.7

93.1

95.9

89.8

92.8

JUNE

95.3

9 7.8

96.4

94.9

94.9

97.5

92.0

94.6

JULY

96.7

99.3

97.7

96.6

96. 3

98.4

93.7

96.7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1968 J A N U A R Y

AUGUSi
OR L A T E R




T A B L E 3E

SALES

Zl / CF N E G U ? I A B L E TIME C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S
AT WEEKLY K t P O R T I N G BANKS BY SIZE OF BANKS 3/
AS OF 2b JUL 1967
PERCENTAGE DISTRIBUTION

MONTH

2/

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

IN

TUIAL

$200
MILLION
AND UNDER

S200
*000

MILLION
TC
fILLICN

lb00 MILLION
TO
Si E1LLION

—

PRIME 4/

Nb t YORK
*
CIfY
1967 JUL

TOTAL

OUTSIDE
NEW YORK
CITY

NON-PRI^E

2 7—31

AUGUST

22.6

22.6

25.1

22.1

21. 7

19.6

26.3

SEPTEMBER

15.6

11.1

15.6

13.0

16.5

2 C. 5

12.7

13.1

OcFObER

il.4

25.7

24. ti

21.5

20 .4

21.4

18.7

20.7

NO VfcMBtR

5. ^

2.3

4.2

4.5

t>. 8

8.1

6.8

3.8

DECEMBER

8.1

7.5

5.5

5.4

9.2

8.5

12.5

6.0

14. 7

17.6

lb.9

13.8

14.4

14.0

14.7

14.7

FEBRUARY

1.4

1.9

2.0

2.3

1.0

0.8

1.5

2.0

1.0

MARCH

0.7

0.3

2.6

2.2

0. 8

3 .5

2.2

3. 5

APR IL

1.1

0.9

2.3

2.5

1. 8

2 .8

3.7

MAY

0. 5

0.4

0.2

0.6

0.5

0. 7

0.4

1,2

0.2

JUNE

2.9

2.3

1.9

0.8

0.3

1.4

0.8

JULY
OR LATER

19od

22. 6

4.4

o.3

4. r
>

7.0

3.7

1.4

5 .5

6.2

100.0

100.c

100.0

100 .0

100.0

JANUARY

TOTAL »

100.0

100.u

100.0

(MEMORANDUM:

TAX

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

SEPTEMBER

11

0.9

0.4

0.3

0.9

l.C

1.2

0.4

1.3

SEPTEMBER

15

4.8

2.3

3.4

3.3

5. 5

6.3

5.3

3.9

(MEMORANDUM:
265

95

N U M b E R Of- B A N K S )
83

50

1/ SEE TECHNICAL A P P E N D I X A .
2/ INCLUDES C E R T I F I C A T E ^ IN DENGMI KA TILN S CF i100 tOO 0 CR MERE ISSUED fcY WEEKLY R E P O R T I N G
3/ TOTAL D E P O S I T S A S R E P j R T E D IN THE CALL AcPLRT CF C O N D I T I O N LN DECEMBER 31, 1S65

r




37

BANKS

12

18

-

TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF

DEPOSIT

1/

AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
(IN MONTHS)
DATE UF SURVEY

BANK CLASSIFICATION

—

26 JUL

1967

—

—

—

—

—

—

—

28 JUN

1967

31 MAY

1967

(BY LOCAT ION)
ALL REPORTING BANKS
ISSUING CD'S

3.6

3.5

3.6

3.3

3.4

3.6

CHICAGO

4.1

3.8

3.5

OTHER

3. 7

3.5

3.6

NEW

YORK CITY

(BY size OF B A N K ) 2/
UNDER

$200 MILLION

3.2

2.9

2.9

$20C-$500 MILLION

3.4

3.2

3.3

$500-$l,000 MILLION

3*6

3.4

3.4

OVER

3.6

3.6

3. 1

3.3

3.5

3.6

4.2

4.1

4.0

3.6

3.4

3.4

$1 BILLION

PRIME

IN NEW YORK CITY 3/

PRIME OUTSIDE NEW YORK CITY
NON-PRIME

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 IN THE CALL REPORT




3/

IN DENOMINATIONS OF $13 0,000 OK MORE

ISSUED BY WEEKLY REPORT I N , BANKS.
,l

OF CONDITION UN OECEMoER

3 1,

1965.

TABLE 4B
AVERAGE MATURITY
OF
NEGOTIABLE TIME C E R T I F I C A T E S OF
SOLD BY WEEKLY

REPORTING

DEPOSIT

1/

BANKS

DURING THE MONTH UF V A R I O U S S U R V E Y S
(IN M O N T H S )

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

1967

28 JON

1967

31 MAY

1967

(BY L O C A T ION)
ALL R E P O R T I N G RANKS
ISSUING

NEW

CD'S

3.5

YORK CITY

3

, 1
,

CHICAli0

SIZE O F B A N K ) 2/

3
3
3

3.6

4.,

(BY

»2QQ-&00

^

3.0

4.3

UNDER $200 MILLION

.2

«
'N

, ,
3.3

2.9

s

, ,
3.4

2.8

$ 5 0 0 - t l , 0 0 0 MILLION

1 8
J H

, ,
3.3

3.1

OVER

3

, ,
3

MILLION

'

tl BILLION

PRIMfc IN NfcW YORK CITY

3/

2/

TOTAL

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

D E P O S I T S AS R E P O R T E D

 h c
3/
" ' "
http://fraser.stlouisfed.org/
N O T E — S E E TECHNICAL A P P E N D I X 6.
Federal Reserve Bank of St. Louis

3/

3.9

3.5
3. I

S100.000 ,)R MURF

IN THE CALL REPCRT

3.6

3>0

3.7

NON-PRIME

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

-2

3.1

PRIME O U T S I D E NEW YORK CITY

1/

s

?

?

3.3

ISSUE, BY W E E K L Y R E P O R T I N G B A N K S .

OF C O N D I T I O N ON

DECEMBER

31,

1965.

r*

T A B L E 5A
RATIO OF OUTSTANDING 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
TO TOTAL
AT V A R I O U S
(PER

DEPOSITS
SURVEY

DATES

CENT I

)ATE OF
UN

TOTAL DEPOSITS 2/
M I L L I O N S OF D O L L A R S )

26 JUL

ALL B A N K S ISSUING
CD * S

1/

1967

28 JUN

SURVEY
1967

31 MAY

1967

10.4

9. 9

9.8

UNDER 2 00

6.4

5 .7

6. 0

200 -

500

7.9

7.6

7.6

500 -

1000

9.2

8.2

8.1

11.8

11.4

11.3

14.5

14.2

13.6

9.5

9.1

9.2

11.0

10.8

10. 9

OVER

1000

PRIME

IN NEW YORK

3/

P R I M E • UTS IDt NEW YORK

3/

NONPRIME

1/ INCLUDES C k R T I F ICATES IN D E N O M I N A T I O N S OF

$100,003

2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPORT

OR MORE

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 DECEMBER

BANKS.

31, 1965.

3/ P R I M E B A N K S ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D
W H I C H ARE R E P O R T E D BY D E A L E R S TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE-




O 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
INTERBANK A N D U . S . G O V E R N M E N T D E P O S I T S .

IN THIS TABLE

ARE TOTAL

D E M A N D AND TIME D E P O S I T S ,

INCLUDING

TABLE

5B

RATIO 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 CF D E P O S I T
TO TOTAL

DEPOSITS

AS OF 26 JUL
(NUMBER OF

(IN M I L L I O N S OF
ALL

BANKS
CD'S

DOLLARS)

OR
LESS

1967

BANKS)

10
TO
15*

TO
10*

1/

15
TO

20
TO
25%

20%

25%
OR
MORE

A V E R A G E CD
TO D E P O S I T
R A T I O (PER C E N T )

ISSUING
118

68

52

18

7

2

10.4

UNDER

200

56

21

12

5

I

0

6.4

200 -

500

34

24

16

5

2

2

7.9

23

13

11

2

I

0

9.2

5

IC

13

6

3

0

11.8

0

I

3

1

2

0

14.5

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

3

5

1

2

1

0

9.5

NONPRIME

2

4

9

3

0

0

1UC

500 - 1 0 0 0
OVER

1000

PRIME

1/

IN NEW YORK 3/

INCLUDES C E R T I F I C A T E S IN DENOMINATIONS UF * 1 0 0 , 0 0 0 OR MORE

2/ TOTAL D E P O S I T S AS REPORTED

"0,E"




IN THE CALL REPORT

m

ISSUED BY WEEKLY R c P O R T I N G

CF CONDITION ON

, M , s

t

"

l e

™

e

DECEMBER

t

"tal

k

"

31,

m

°

1V65.

« « ° " «

BANKS.

T A B L E 5C
PER CENT C H A N G E

IN OUTSTANDING N E G O T I A B L E TIME C E R T I F I C A T E OF D E P O S I T
28 JUN

1967 TO 26 JUL

(NUMBER OF

TOTAL

D E P O S I T S 2/

C IN M I L L I O N S
ALL B A N K S
CD'S

UNDER

OF D O L L A R S )

REDUCED
CD'S TO
ZERO

DECLINES
lv

* 0R
MORE

5

1967

BANKS)

OF

1 0

INCREASES OF
5

10%

/I

* 0R
LESS

NO
CHANGE

5* OR
LESS

5 TO
10*

1 OS OR
MORE

ISSUED CD'S BUT
H A D NONE O U T S T A N D I NG ON BASE DATE

ISSUING
30

26

48

30

63l

24

49

200

0

11

7

13

18

21

8

19

0

200 - 500

0

12

9

17

9

17

5

17

0

500 -

0

7

7

12

3

8

5

&

0

0

0

3

6

0

17

6

5

0

0

0

1

0

0

5

0

I

0

0

0

2

3

0

4

2

1

0

0

0

0

3

0

8

4

3

0

OVER

1000
1000

PRIME

IN NEW

YORK 3/

PRIME

OUTSIDE NEW

YORK 3/

NGNPR I ME

1/

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

IN D b N O M I N A T I O N S OF $100,000 OR MORE

2/ TOTAL D E P O S I T S AS R E P O R T E D




ISSUED BY W E E K L Y REPORTING

IN THE CALL REPORT OF CONDITION ON

DECEMBER

31, 1965.

BANKS.

TABLE
PER

CENT

CHANGE

IN O U T S T A N D I N G
26 APR

N F G O T 1 ABLE

1967 TO

(NUMBER

TOTAL
UN

ALL

DEPOSITS

MILLIONS

BANKS
CD'S

OF

/2

REDUCED
C D 1 S 25%
TO
OR
ZERO
MORE

DOLLARS)

5D

OF

T I M E C E R T I F I C A T E OF

26 JUL

15
TO

20*

10
TO
15%

/I

1967

BANKS)

D E C L I N E S OF
20
TO
25%

DEPOSIT

INCREASE
5
TO
10%

5%
OR
LESS

— -

N U

5

0 K

CHANGE

T[J

LESS

10*

10
TO
15%

OF

15
TO
20%

20
TO
25%

25%
OR
MORE

ISSUED
C D ' S BUT H A D
NONE
OUTSTANDING
ON B A S F D A T E

ISSUING
15

11

19

21

26

11

35

20

23

10

11

52

UNDER

200

2

9

2

5

5

6

8

7

12

5

3

4

6

21

2

200 -

500

3

3

4

3

6

6

8

4

9

6

6

4

4

19

1

500 -

1000

0

3

1

1

6

5

4

0

7

6

8

1

1

7

0

0

0

1

2

2

4

6

0

7

3

6

1

0

5

0

0

0

1

0

3

0

0

0

1

2

1

1

0

1

0

0

0

0

2

0

1

1

c

4

0

3

C

0

1

0

0

0

0

0

2

3

5

0

2

1

2

0

0

3

0

OVER

1000

PRIME

IN N E W

PR 1ME O U T S I D E

YORK
NEW

3/
YORK

3/

N O N P R IME

1/

INCLUDES CERTIFICATES

2/ T O T A L

Nr
o
e

D E P O S I T S AS

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

REPORTED

OF

$100,000

IN THE C A L L R E P O R T

OF

OR MORE

CONDITION

ISSUED
ON

BY W E E K L Y

DECEMBER

31,

REPORTING

BANKS.

1965.

"E E E s B ! - * ™ ™ »




T A B L E 5E
CHANGE

IN 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 OfcPUSl T 1/
OVER THE MONTH AS A PER CENT OF TOTAL

DEPOSITS

AT THE B E G I N N I N G OF THE P E R I O D
28 JUN

1967 TO 26 JUL

(NUMBER OF
TOTAL D E P O S I T S 2/

1967

BANKS)

OFCLIN F S OF

CIN M I L L I O N S OF D O L L A R S )

3%
AND
OVER

2
TO
3%

I
TO
2%

INCREASES OF
u
ANO
LESS

NO
CHANGE

1%

A NO
LESS

1
TU

2%

31

2
TU

AND
OVER

3%

ALL B A N K S ISSUING
CD'S

0

3

12

94

25

98

24

5

4

UNDER

200

0

1

2

31

16

37

5

0

3

200 - 500

0

1

6

33

6

24

9

3

1

500 - 1000

0

1

4

21

3

15

5

1

0

OVER

0

0

0

9

C

22

b

1

0

0

0
"

0

1

0

5

1

0

0

0

0

0

5

0

4

3

0

o

0

0

0

3

0

13

1

1

0

1000

PRIME

IN NEW

PRIME

OUTSIDE NEW

YORK 3/
YORK 3/

NONPRI ME

1/

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

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

2/ TOTAL D E P O S I T S AS REPORTED

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

IN THE CALL REPORT OF CONDITION UN

DECEMBER

31,

BANKS.

1965.

3/ PRIME B A N K S ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT 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 AND
W H I C H ARE R E P O R T E D B Y D E A L E R S TC TRADE WITHIN 1 OR 2 BASIS P O I N T S OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T .
NOTE-




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
I N T E R B A N K A N D U.S. G O V E R N M E N T D E P O S I T S .

IN THIS T A B L E

ARE TOTAL

D E M A N D AND TIME D E P O S I T S ,

INCLUDING

TABLE 5F
CHANGE

IN OUT SI 4NO ING NEGOTIABLE

OVER THE LAST THREE MONTHS

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

AS A PER CENT OF

AT THE B E G I N N I N G OF
26 APR

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

ALL

M I L L I O N S OF

QECLINES

DOLLARS)

5%
AND
OVER

BANKS ISSU ING
CD* S

4
TO
5%

3
TO
4%

DEPOSITS

THE P E R I O D

1967 TO 26 JUL

(NUMBER OF

TOTAL

1/

1967

BANKS)

OF

I NC.RFASES OF

2
TU
3%

U
AND
LESS

1
TO
2%

NO
CHANGE

1%
AND
UNDER

1
TO

3
TO
4%

2
TO
33

2%

4
ro
5%

5%
AND
OVER

0

2

2

9

23

64

I 1

80

31

21

13

2

4

200

0

1

1

4

9

20

7

27

9

9

4

1

1

2 0 0 - 500

0

0

1

3

6

21

4

23

12

4

5

1

2

500 -

0

0

0

2

4

13

C

18

7

3

2

0

1

0

1

0

0

4

10

0

12

3

5

2

0

0

0

I

0

0

0

0

0

2

1

3

0

0

0

0

0

0

0

2

2

0

6

0

1

I

0

0

0

0

0

0

2

3

0

4

2

1

1

0

0

UNDER

OVER

1000
lOOC

PRIME

IN M E W

YORK

3/

PRIME O U T S I D E NEtf YORK
NONPR IME

1/

3/

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

2/ TOTAL

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

OF

S1C0 ,000 OR MORE

D E P O S I T S AS R E P O R T E D 1
IN THE CALL REPORT

ISSUED BY WEEKLY R E P O R T I N G

CF CONDITION ON

DECEMBER

31,

BANKS.

1965 •

3/ P R I M E R A N K S ARE THOSE WHOSE NEGOTIABLE CERTIFICATES UF DEPOSIT 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 AND
W H I C H 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 .
NOTE-




D E P O S I T S IN THE DENOMINATOR OF THE R A T I O
I N T E R B A N K AND U.S. G O V E R N M E N T D E P O S I T S .

IN THIS

TABLE ARE TOTAL D E M A N D AND TIME D E P O S I T S ,

INCLUDING

TABLE

6A

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 UF D E P O S I T
AT WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 26 JUL
(AMOUNTS
CD'S M A T U R I N G

IN

ALL
01 sTR1CTS

BOSTON

NEW
YORK

CLEVELAND
44. 7

37.9

302.5

26.5

196 7

IN M I L L I O N S OF

PHILADELPHIA

1/

DOLLARS)

RICHMOND
ATLANTA

CHICAGO

ST.

MINNE-

SAN
FRAN-

KANSAS

8.6

17.3

108.9

1 1.2

12.3

21.9

37.3

163.7

AUG

4031.9

227.3

1707.2

130.4

264.1

61.5

114. 1

457.8

70.2

60. 8

89.1

257.6

591.8

SEP

3973.1

174.9

1871.8

91 .4

237.9

88. 1

89.4

415.6

59. 7

59. 1

89.8

208.9

5A6.5

OCT

2718.5

190.1

1131.6

87.5

169.4

56.3

71.7

322.3

42. 7

41.4

70.7

179.9

354.9

NOV

1276.4

80.0

512.3

33 . 3

107.2

23.7

33.3

162.5

25.2

17.2

35.3

64.2

182.2

DEC

2094.1

101.4

917.0

56.1

140.2

50. 5

38.0

282.0

43. 5

28. 1

36.5

99.3

301.5

1968 J A N

1681.8

68. 1

701.9

25.5

100.8

25.3

46.8

237.2

31.4

35.2

23.6

149.8

236.2

FEB

468.9

23.5

140.2

5.3

29.9

15.6

17.5

102.1

16.2

3.4

6.2

25.G

83.4

MAR

569.6

29. 3

226.1

29.2

22.6

11.9

21.1

82.0

13.2

1.7

6.9

36.4

89.2

APR

474.7

22.6

195.8

10.3

47.1

3.4

9 . 3

68.2

5.2

5.0

12.1

28.3

67.4

MAY

306. 8

9.5

143.6

6.9

18.3

1.2

6.3

51.3

3. 7

1.6

0.9

14.9

48.6

J UN

377.0

35. 1

126.5

20.5

16.0

3.1

15.4

64.2

3. 7

1.8

8.2

19.7

62.8

JUL

285.2

8. 7

83.4

8 .8

25.0

0.3

10.0

42.4

2.6

0.2

8. 1

33.7

62.0

AUG OR LATER

644. 5

37.8

150.9

38 .5

191.4

8.4

24.1

74.2

1. 7

1.5

1.2

32.7

8 2. 1

19695.3

1046.2

8210.8

570.2

1414.6

357.9

514.3

2470.7

330.2

3. 5

3.5

3.3

3.9

4.5

3.3

3.8

3.8

3.3

18

47

11

18

17

22

35

9

TOTAL

*

IN M O N T H S

2/

BANKS

1/

265

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

2/ SEE

TECHNICAL

APPENDIX

* OtT A I L S MAY NOT ADD




ISSUED

IN DENOMINATIONS

6.

TO TOTALS DUE TO ROUND I \lu.

OF

tlOO.OOC

OR M O R E

BY WEEKLY R E P O R T I N G

BANKS

TABLE 6 8
1/
2/
SALES CF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S MONTH
WEEKLY REPORTING BANKS
BY F E D E R A L RESERVE DISTRICT
AS OF 26 JUL
(AMOUNTS
CD* S M A T U R I N G

IN

ALL
DISTRICTS

BOSTON

1967 AUG

1129.9

95.7

SEP

780.2

OCT

1967

IN M I L L I O N S OF

DOLLARS )

ST.
LOUIS

MINNEAPOLIS

KANSAS
C I TY

DALLAS

SAN
FRANCISCO

107.8

16.9

12. 0

29.8

68.2

17 1.0

16.1

53.2

6.0

9.4

13.1

32. 1

102.9

15.2

36.0

147.6

9.9

14.0

3 8. 9

89.9

127.3

36.3

0.3

2.2

46.0

3.3

1.7

12.3

4.6

29.4

18.4

39.2

6.4

4.1

70.9

1.8

2.6

4.5

17.5

49.6

279.9

11.8

47.6

14.6

28.1

98.2

11.8

7.6

14.6

87.4

107.1

2.3

24.4

1.0

3.8

0. 1

4.9

15.8

1.9

0.4

C.4

9. 1

4.4

98.2

7.6

38.0

1.7

3.3

0.0

2.2

30.7

0.0

0. 5

0.3

5.2

8.7

APR

111.6

5.3

40.5

0.9

7.4

C. 3

2.3

28.0

0.0

0.5

0.9

11.6

13.9

MAY

23.9

2.0

13.9

0.9

1.0

0 .0

0 .6

1.0

0.0

0.1

0.0

1.1

3.3

J UN

60.4

6.4

1C.2

2.3

3.2

0.8

7.5

8.0

1.8

0.3

0.9

6.6

12.4

220. 1

6. 3

39.9

10.9

17.8

0.4

9.1

41.3

2.6

1.2

7.8

38.8

44.C

4993.5

285. C

2096.4

120 .9

367.7

62.9

136.2

648 .5

56. C

50.3

123.5

372.1

674.0

3.5

3.0

3.1

3.9

3.4

3.1

4.2

4.2

3.5

3.0

3.2

4.4

3.6

PHI LADE LPHI A

CLEVELAND

485 .8

24.3

80. 1

14.2

23.1

39.3

413.8

15.9

67.9

10.6

1066.C

60.2

436.3

30 .6

60. 1

NOV

296.9

11.4

147.1

2.3

DEC

404.2

22.6

166.6

1968 JAN

734.6

25.9

FEB

68.5

MAR

JUL OR LATER
TOTAL

*

AVERAGE MATURITY
IN MONTHS 3/
1/ SEE T E C H N I C A L A P P E N D I X
2/

TECHNICAL




ISSUED IN DENOMINATIONS

A P P E N D I X ft.

* DETAILS MAY NOT ADD

RICHMOND
ATLANTA

CHICAGO

A.

INCLUDES O N L Y C E R T I F I C A T E S

3/ SEE

NEW
YORK

TO T O T A L S CUE

TO R O U N D I N G .

OF

$100,000 OR M O R E BY

WEEKLY REPORTING

BANKS.

T A B L E 6C
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T
AT WEEKLY R E P O R T I N G BANKS
BY F E D E R A L R E S E R V E DISTRICT
AS OF 26 JUL
(PERCENTAGE
CCS

MATUR ING

IN

ALL
DISTRICTS

NEW
YORK

1967

DISTRIBUTION)

PHILADELPHIA

CLEVELAND

3.7

BOSTON

1/

4.6

3.2

2.4

3.4

4.4

RICHMOND
ATLANTA

CHICAGO

ST.

SAN
FRAN-

MINNE-

KANSAS

3.4

4.6

5.3

3.1

5.6

AUG

20.5

21.7

20.8

22.9

18.7

17.2

22 .2

18.5

21.3

22.6

21.7

21.7

SEP

20.3

2 0.2

16.7

22.8

16 .0

16.8

24.6

17.4

16.8

18.1

21. 9

21.9

17.6

OCT

23.1

13.8

18.2

13.8

15.3

12.0

15.7

13.9

13.0

12.9

15.4

17.2

15.1

NOV

12.2

6.5

7.6

6.2

5.8

7.6

6.6

6.5

6.6

7.6

6.4

8.6

5.4

DEC

6.3

10.6

9.7

11.2

9.8

9.9

14. 1

7 .4

11.4

13.2

10.4

8.9

8.4

1968 JAN

10.4

8.5

6.5

8.5

4.5

7. 1

7. I

9.1

9.6

9.5

1 3. 1

5. 7

12.6

FEB

8.1

2.4

2.2

1.7

0 .9

2. 1

4.4

3.4

4.1

4.9

1.3

1.5

2.2

MAR

2.9

2.9

2. 8

2.8

5.1

1.6

3.3

4.1

3.3

4.0

0.6

1.7

3. 1

APR

3.1

2.4

2.2

2.4

1.8

3.3

0.9

1.8

2.8

1.6

1.9

2.9

MAY

2.4

2.3

1.6

0.9

1.7

1.2

1.3

0.3

1.2

2.1

1.1

0.6

0.2

1.3

J UN

1.7

1.9

3.4

1.5

3.6

1.1

0.9

3.0

2.6

1.1

0. 7

2.0

1.7

JUL

2.2

1.4

0.8

I .0

1.5

1.8

C.l

1 .9

1.7

0. 8

0.1

2.0

2.8

AUG OR LATER

2.1

3.3

3.6

1.8

6.8

13.5

2.3

4.7

3.0

0.5

0.6

0.3

2.8

2.8

100.0

1 CC.O

100.c

100.0

100.0

100.0

100. n

100.0

TOTAL *

1/

INCLUDES O N L Y C E R T I F I C A T E S I S S U E D




IN DENOMINATIONS

OF $ 1 0 0 , 0 30 OR M O R E

BY WEEKLY R E P O R T I N G

BANKS

TABLE 6 0
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G NEGOTIABLE TIME C E R T I F I C A T E S Of D E P O S I T
AT WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 26 JUL
(CUMULATIVE
CD'S M A T U R I N G

IN

ALL
01 sTRICTS

BOSTON

4.C

3.6

AUG

24.5

25.3

SEP

44.7

OCT

NEW
YORK

1/

1967

PERCENTAGE!

PHILADELPHIA

CLEVELAND

4.6

3.2

2.4

3 .4

24.5

27.5

21.9

19.6

42.0

4 7.3

43.5

38. 7

58.5

6C.2

61 .1

58.9

NOV

65.0

67.8

67.3

DEC

75.6

77. 5

1968 JAN

84.1

FEB

RICHMON D ATLANTA

CH1 CAGO

SAN
ERA N—

ST.
LOUT S

MINNEA POLI S

KANSAS
CITY

4.4

3.4

4.6

5.3

25.6

22.9

24.7

27.2

2 7.0

24.8

25.9

44.2

, 3 .0
4

39.7

42.8

49. 1

48.9

42.4

46.r

50.7

59.9

56.9

52.7

55.7

64.5

66.1

57.5

58 .2

64.6

58. 3

66.5

63.4

59 .3

63. 3

70.9

74. 7

62 .9

64.5

78.5

74.4

68.2

80.6

70.8

70.7

76.5

81.3

83.6

71.3

74.9

84.0

87.0

78.9

75.3

87.7

79.9

80.3

86.0

94.4

89. 3

83.9

83.0

86.5

86.2

88. 7

79.8

77.4

*2.1

83.3

84.4

90.9

95.7

90.8

86. 1

85.9

*AR

89.4

89.0

91.5

84.9

79.0

95.4

87.4

87.7

94,9

96.3

92.5

89.2

89.C

APR

91.8

91.2

93.9

86.7

82.3

96.3

89.2

90.5

96.5

98.2

95.4

91.6

9 1.3

HAY

93.4

92.1

95.6

37 .9

9 3.6

96.6

90.4

92 . 6

97.6

93. 8

95. 6

92.9

93.r

J UN

95.3

95.5

97. 1

91.5

84.7

97.5

93.4

95.2

93.7

99.5

97. 6

94.6

95.2

JUL

96.7

96.3

98.1

93.0

86.5

97.6

95.3

96. 9

99. 5

99.6

99.6

97.4

97.3

100.0

100.0

100.0

100. 0

100.0

100 .0

100 .0

100.0

100.0

100.0

1967 JUL

26—J UL

AUG OR

LATER

31

1/ INCLUOfcS O N L Y C E R T I F I C A T E S




3. 7

ISSUED IN O E N O M I N A T I U N S OF

$ 1 0 0 , 0 0 0 OR MORE OY WEEKLY R E P O R T I N G R A N K S .

DALLAS
3. 1

5.6

TABLE 6 E

1/

SALES CF NEGOTIABLE 1 i ME C E R T I F I C A T E S OF DEPOSIT
WEEKLY REPORTING BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 26 JUL

*

2/
SINCE P R E V I O U S

MONTH
'

1967

(PERCENTAGE D I S T R I B U T I O N )
CD'S MATUR ING

IN

ALL
DISTRICTS

BOSTON

1967 AUG

22.6

33.6

23.2

20. 1

21.8

22.6

17.0

SEP

15.6

13.8

19.7

13.1

IB. 5

16.9

OCT

21 .3

21.1

2 0.8

2 5.3

16.3

NOV

5.9

4.0

7.0

1.9

DEC

8.1

7.9

7.9

1968 J A N

14.7

9.1

FEB

1.4

MAR

DALLAS

SAN
FRANCISCO

16.6

30.2

23. 9

24. 1

18.3

25.4

11.8

8.2

10.7

18.7

10.6

8.6

15.3

24.2

26.4

22.8

17. 7

27.8

31. 5

24.2

19.9

9.9

0.5

1.6

5.9

3.4

10.0

1.2

4.4

15.2

10.7

10. 2

3.0

10.9

3.2

5.2

3.6

4. 7

7.4

13.4

9.8

12.9

23.7

20.6

15.1

21.1

15.1

11.8

23.5

15.9

C. 8

1.2

0.8

1.0

0.2

3.6

2.4

3.4

C. 8

0.3

2.4

0.7

2.0

2.7

1.8

1.4

0.9

0.0

1 .6

4.7

0.0

1.0

0.2

1 .4

1.3

2.2

1.9

1.9

0.7

2,0

0.5

1.7

4.3

0.0

1.0

0.7

3.1

2.1

o.t>

0.7

0.7

0.7

0.3

0.0

0.4

0.2

0.0

0.2

0.0

0.3

0.5

J UN

1.2

2.2

0.5

1.9

1.9

1.3

5 .5

1.2

3.2

0.6

0.7

1.8

1.8

JUL OR L A T E R

2/

KANSAS
CITY

MAY

1/ SFF

MINNEAPOLIS

APR

TOTAL

ST.
LOUIS

4.4

7.2

1.9

9.0

4.6

0. 6

6.7

6.4

4.6

2.4

6.3

10.4

6.5

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.C

*
TFCHNICAL

APPcNOIX

SALES

PHILADELPHIA

CLEVELAND

RICHMONO
ATLANTA

ISSUED IN D E N O M I N 6 T I C N S OF $ 100,000 OR MORE

IN THIS TABLE ARE NOT A D J U S T E D FOR CD'S THAT HAVE M A T U R E D .

* D E T A I L S M A Y NOT A D D TO TOTALS DUE




CH1 —
CAGO

7. 1

A.

INCLUDES O N L Y C E R T I F I C A T E S

NOTE -

NEW
YORK

TO R O U N D I N G .

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

0

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 regulations is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sales are lost
from the series as derived in this manner.
Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured
between surveys and (2) the amount, if any, of sales between survey dates
that mature in the remaining days of the calendar month in which the current
survey is taken.




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

All CD's are assumed to

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

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

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

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

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

That is, they

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

Any CD's sold between

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




Technical Note B (continued)
This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date. While it appears more logical to
assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce 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