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August 23, 1971
ry
L.4.1
CONFIDENTIAL (FR)
197!
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
July 28, 1971
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 29 JUL
CD* S M A T U R I N G
1971 JULY
AMOUNT
(MILLIONS OF
DOLLARS)
IN
.
29 -
31
1971
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 )
1,055.3
3 .5
3.5
.0
AUGUST
9, 175.9
30.3
33.8
3,564.4
SEPTEMBER
6,070.0
20 .1
53.9
1,923.6
OCTOBER
4,208.7
13 .9
67.8
2,011.6
NOVEMBER
1,992.5
6 .6
74.4
342.6
DECEMBER
2,161.3
7.1
81.5
384.3
1,653.7
5 .5
87.0
667.0
652.6
2 .2
89.2
72.2
MARCH
1,017.5
3.4
92.6
55.7
APRIL
698.7
2 .3
94.9
50.0
MAY
319.7
1 .1
96.0
20.1
JUNE
419.9
I .4
97.4
97.4
JULY
319.4
1 .1
98.5
286.2
527.8
1.7
100.0
XXX
30,273.0
100 .0
XXX
9,475.1
1972 JANUARY
FEBRUARY
OVER
12 M O N T H S
TOTAL
(MEMORANDUM:
SEPTEMBER
SEPTEMBER
10
15
419.3
836.2
1/
INCLUDES O N L Y 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
2/
SEE T E C H N I C A L
APPENDIX A .
3/
SALES OF C D ' S M A T U R I N G AFTER
11 M O N T H S ,
TAX
AND
DIVIDEND M A T U R I T I E S )
1 .4
2 .8
*100,000 OP MORE
XXX
XXX
ISSUED
BY W E E K L Y R E P O R T I N G
173.7
210.0
BANKS.
3/
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 NEGOTIABLE 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 , 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 28 JUL
1971
(IN M I L L I O N S OF D O L L A R S )
NEW YORK C I T Y
CD'S
MATURING
1971
JUL
IN
29 - JUL
AMOUNT
31
CHICAGO
SALES SINCE
P R E V I O U S M O N T H 2/
SALES SINCE
P R E V I O U S MONTH 2/
WEEKLY REPORTING
AMOUNT
.0
53.3
.0
48 3.2
.0
AUGUST
3,537.3
1,358.8
634.2
213.4
5,004.4
1 ,992.1
SEPTEMBER
2,374.7
764.9
419.9
152.0
3,275.4
1,006.7
OCTOBER
1,466.y
681.8
366 .8
165.9
2,375.1
1,163.9
NOVEMBER
6 04 * 6
167.1
153.1
16.4
1,234.7
159.1
DECEMBER
755.6
168.9
126.4
10.6
1,279.3
204.8
395. 3
85.5
176.3
50.2
1,082.1
531 .3
FEBRUARY
255.B
3.8
69.1
1 1.5
32 7.7
56.8
MARCH
450.0
13.9
120.5
17.7
447.0
24.1
APRIL
226.2
9.9
61 .0
2.9
411.5
37.2
MAY
52.5
2.9
11 .5
1.2
255.8
16.0
JUNE
86.9
34. 1
19.0
1.1
312.0
62.3
JULY
2 9.4
27.0 /3
20.9
OVER
12 M O N T H S
TOTAL *
9.2
XXX
462.2
XXX
10,811.3
3,318.6
2,241.2
659.2
17,220.5
5,497.2
12
10
15
212.9
445.7
IZ INCLUDES ONLY C E R T I F I C A T E S
11
A.
T O T A L S MAY NOT
11 M O N T H S .
ADD DUE TO R O U N D I N G .
TAX AND
74.6
147.3
IN D E N O M I N A T I O N OF
3/ SALES OF C D ' S M A T U R I N G AFTER
242.9 /3
XXX
( MEMORANDUM:
2 / SEE T E C H N I C A L A P P E N D I X
270.1
56.4
NUMBER OF R E P O R T I N G B A N K S
SEPTEMBER
SEPTEMBER
16.3 /3
DIVIDEND
29.2
32 .4
$ 1 0 0 , 0 0 0 OR MORE
230
MATURITIES)
26.5
1.1
ISSUED BY W E E K L Y R E P O R T I N G
177.2
358.1
BANKS.
BANKS
SALES SINCE
P R E V I O U S MONTH 2/
513.8
1972 JANUARY
*
AMOUNT
ALL OTHER
72 .7
61.6
T A B L E 2B
1Z
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 , AND ALL
AS OF 28 JUL
1971 AND 30 JUN
(PERCENTAGE
r n « C
MATllli IMP.
[M
DAYS 2/
CHICAGO
30 JUN
28 JUL
ALL
30 JUN
28 JUL
OTHER
30 JUN
4.8
.0
2.4
• 0
2.8
01 M O N T H S 3/
32.7
30.8
28.3
27.8
29.1
31.2
02 M O N T H S
22.0
21.6
18.7
19.9
19.0
18.4
03 M O N T H S
13.6
1 6 . 0
16.4
12.7
13.0
13.9
04 M O N T H S
5.6
7.8
6.8
9.5
7.2
7.4
05 M O N T H S
7 . 0
4.3
5.6
6.5
7.4
6.6
06 M O N T H S
3.7
5.8
7.9
5.5
6.3
6.6
7 MONTHS
2.4
3.1
3.1
6.0
1.9
3.4
08 M O N T H S
4.2
2.5
5.4
2.7
2.6
1.7
09 M O N T H S
2. 1
4.3
2.7
4.9
2.4
2.6
10 M O N T H S
.5
2.1
.5
2. 7
1.5
2.3
11 M O N T H S
.8
.5
.8
.5
1.8
1.5
12 M O N T H S
.3
.5
.9
.8
1.6
1.5
.5
.6
.4
.7
2.7
3.0
100.0
100.0
100.0
100.0
100.0
0
OVER
12 M O N T H S
TOTAL
1/
1971
DISTRIBUTION)
NEW YORK CITY
28 JUL
6-6
CTHER W E E K L Y R E P O R T I N G B A N K S
*
INCLUDES O N L Y C E R T I F I C A T E S
RANKS.
1 0 0 . 0
IN D E N O M I N A T I O N S OF
$100,000
OR MORE
ISSUED
. 0
BY W E E K L Y R E P O R T I N G
2/ NUMBER OF DAYS R E M A I N I N G IN SURVEY "ONTH. THIS PERIOD V A R I E S WITH THE NUMBER OF D A Y S
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/ NUMBER
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 MAY NOT ADD DUE TO R O U N D I N G .
TABLE
20
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 , AND ALL
AS OF 28 JUL
1971 AND 30 JUM
(CUMULATIVE
C D ' S MATURING
IN
NFW
CHICAGO
3C J UN
28
JUL
ALL
30 JUN
OTHER
28 JUL
30 J UN
4.8
.0
2.4
.0
2.8
.C
37. 5
30.8
3C.7
27.8
31.9
31.2
02 MONTHS
59.5
52.4
49.4
47.7
50.9
49.6
03 M O N T H S
73. 1
68.4
6 5.8
60.4
64.7
63.5
04 M O N T H S
78.7
76.2
72.6
69.9
71.9
70.9
05 M O N T H S
85.7
80.5
78.2
76.4
79. 3
77.5
06 M O N T H S
89.4
86.3
8 6.1
81 .9
8 5.6
84. 1
07 MONTHS
91.8
89.4
89.2
87.9
87.5
87.5
08 MONTHS
96. 0
91.9
94.6
90.6
90.1
89.2
09 M O N T H S
98.1
96.2
97.3
95.5
92. 5
91.8
10 M O N T H S
98.6
98.3
97.8
98.2
94.0
94. 1
11 M O N T H S
99.4
99.8
9 8.6
98.7
95.8
95.6
1 2 MONTHS
99.7
99.3
99.5
99.5
97.4
97. I
100.0
100.0
100.0
100.0
100.0
100.0
01 M O N T H S
OVER
1/
1971
DISTRIBUTION)
YORK CITY
28 JUL
0—6 DAYS 2/
CTHEP WEEKLY REPORTING BANKS
3/
12 MONTHS
:
INCLUDES O N L Y 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 MORE
ISSUED BY WFFKLY KFP'<RT[NG
2/ NUMBER OF DAYS R E M A I N I N G IN SURVEY M O N T H . THIS PERIOD V A R I E S WITH THE NUMBER OF
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/ NUMBER
OF M O N T H S F O L L O W I N G
THE SURVFY M O N T H .
DAYS
TABLE
3A
M A T U R I T Y DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 29 JUL 1971
(AMOUNTS IN MILLIONS OF D O L L A R S )
1/
$1 BILL ION AND OVER
C D ' S MATURING
IN
TOTAL
$200
MILLION
AND UNDER
PRIME 3/
$500 MILLION
TO
$1 BILLION
$200 MILLION
TO
$500 MILLION
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
TOTAL
NON-PR I ME
1,055.3
52.4
130.7
89.9
782.
515.7
146. 7
120.0
AUGUST
9,175.9
531.7
1,129.1
1,337.2
6,177,
3,383.9
1,750.7
1,043.3
SEPTEMBER
6,069.9
385. 1
770.7
998.1
3,916,
2,279.4
939.9
696.7
OCTOBER
4,208.7
242.4
581.5
615.2
2,769,
1,393.1
983.9
492.6
NOVEMBER
1,992.3
123.7
302.1
335.4
1,231,
577.7
403.8
249.6
DECEMBER
2,161.1
113.9
283.2
299.8
1 ,46 4,
702.5
416.7
345.0
1.653.5
108. 7
266.9
262.3
1,015.
370.6
381 . 5
263.5
652 .6
44.5
53.2
118.4
436.
216.8
120.7
99.0
MARCH
1.017.6
43.8
72.3
117.0
784.
422.7
249.3
112.5
APR IL
698.8
33.2
77.1
86.2
502.
170.9
186.1
145.3
MAY
319.9
28.6
52.7
62.7
175.
50.4
63.6
61.9
JUNE
419.B
3 5. 8
65.2
60.7
258.
36.5
82.8
88.8
JULY
319.3
29.9
60.1
85.5
143.
26.3
58.7
58.8
AUGUST
OR LATER
52.7.6
32.7
44.2
134.6
316. 1
54.4
176.7
85.0
30,272.3
1 ,906.4
3,889.J
4,602.9
19,974.0
10,250.9
5,861.1
3,862.0
1971 JUL
29-31
1972 JANUARY
FEBRUARY
TOTAL
*
-- (MEMORANDUM:
TAX
AND
DIVIDEND MATURITIES)
SEPTEMBER
10
419.2
27.3
39.8
44.0
308.1
203.2
67.5
37.4
SEPTEMBER
15
836. 1
21.9
40.5
113.9
659.8
419.4
127.6
112.8
12
17
-—
253
84
(MEMORANDUM:
NUMBER OF BANKS)
83
50
36
1/ INCLUDES CERTIFICATES IN D E N O M I N A T I O N S 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/forPRIME
Digitized
FRASERBANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
http://fraser.stlouisfed.org/
*
TOTALS MAY NOT ADD DUE TO R O U N D I N G .
Federal Reserve Bank of St. Louis
WHICH ARF
TABLE
3B
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 DEPOSIT SINCE P R E V I O U S MONTH 2/
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 3/
AS OF 28 JUL 1971
1 A M O U N T S IN M I L L I O N S OF D O L L A R S )
$1 B I L L I O N AND OVER
CD'S MATURING
1971 JUL
IN
TOTAL
$200
MILLION
AND UNDER
$200 MILL ION
TO
$500 M I L L I O N
$500 MILL!ON
TO
$1 E1ILLICN
PRIME 4/
TOTAL
NEW Y 0 D K
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
29-31
AUGUST
3,564.4
196.5
406.8
546.7
2,414.4
1,318.9
718.1
377.4
SEPTEMBER
1,923.4
114.0
204.0
331.5
1,273.9
746.0
284.5
243.4
OCTOBER
2,011.6
117.8
262.6
309.5
1,321.7
653.8
424.8
243.1
NOVEMBER
342.5
15.9
51.3
39.1
236.2
162.3
52.5
21.4
DECEMBER
384.2
18. 5
52.0
43.7
270.0
167.4
64.8
37.8
666.9
53.7
160.2
106.0
347.0
79.4
177.8
89.8
FEBRUARY
72.3
6.4
11.8
27.2
26.9
1.8
15.6
9.5
MARCH
55.8
4.0
10.6
7.8
33.4
12.1
18.5
2.8
APRIL
50. 1
2.5
5. i
12.6
29.7
9.6
5.8
14.3
MAY
20.3
1.2
0.4
4.5
14.2
3.0
1.0
10.2
JUNE
97.3
3. 3
17.2
18.0
58.3
33.9
10.3
14.1
1972 J A N U A R Y
JULY
OR LATER
TOTAL
*
2A5.9
24.9
54. 1
73.1
13 3.8
23.7
38.3
71.8
9,474.7
559.2
1,236.3
1,519.7
6, 159.5
3,211.9
1,812.0
1,135.6
I < 1 L ' «U ^ H 'MUU' t
*T A V
AMP,
tVC'NU UATiinrTTrci
(M 1 V ™ 1 1 1 L J 1
nix/TncMn
SEPTEMBER
10
173.8
18.8
13.4
18 .9
122.7
71.3
30.2
21.2
SEPTEMBER
15
210.0
5.3
8.4
19.0
177.3
146.0
9.9
21.4
36
7
12
17
/ M C M P I D A M H l 1U •
253
84
NUMBER
83
nn
Q * M i/
50
c \
1/ SEE T E C H N I C A L A P P E N D I X A.
2/ 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 CR MORE ISSUED BY WEEKLY R E P O R T I N G BANKS.
3/ TOTAL D E P O S I T S 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 3 1 , 1965.
AZ P R I M E RANKS ARE THOSE 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 ARE REGARDED AS BEING OF THE HIGHEST Q U A L I T Y AND
R E P O R T E D BY DEALERS TO T R A D E W I T H I N 1 OR 2 BASIS P O I N T S OF EACH CTHER WITHIN THE SECONDARY * A R K E T .
*
T O T A L S MAY NOT ADC DUE TO R C U N D I N G .
WHICH
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 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 REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 28 JUL 1971
PERCENTAGE DISTRIBUTION
1/
$1 B I L L I O N AND
CD'S MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200 MILLION
TO
$500 MILLION
$500 M I L L I O N
TO
$1 B I L L I O N
PRIME
TOTAL
NEW YORK
CITY
1971 JUL
29-31
3/
OUTSIDE
NEW YORK
CITY '
5.0
NON-PRIME
2.5
3.1
3.5
2.9
3.4
2.0
AUGUST
30.3
29.4
29.0
29.1
30.9
33.0
29.9
27.0
SEPTEMBER
20.1
21.3
19.8
21.7
19.6
22.2
16.0
18.0
OCTOBER
13.9
13.4
15.0
13.4
13.9
13.6
15.1
12.8
NOVEMBER
6.6
6.8
7.8
7.3
6.2
5.6
6.9
6.5
DECEMBER
7.1
6.3
7.3
6.5
7.3
6.9
7.1
8.9
5.5
6.0
6.9
5.7
5.1
3.6
6.5
6.8
FEBRUARY
2.2
2.5
1.4
2.6
2.2
2.1
2.1
2.6
MARCH
3.4
2.4
1.9
2.5
3.9
4.1
4.3
2.9
APRIL
2.3
1.8
2.0
1.9
2.5
1.7
3.2
3.8
WAY
1.1
1.6
1.4
1.4
0.9
0.5
1.1
1.6
JUNE
1.4
2.0
1.7
1.3
1.3
0.8
1.4
2.3
JULY
I.I
1.7
1.5
1.9
C.7
0.3
1.0
1.5
AUGUST
OR LATER
1.7
1.8
l.l
2.9
1.6
0.5
3.0
2.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
197? J A N U A R Y
TOTAL
*
1 MEMORANDUM:
TAX
AND DIVIDEND
• 3.9
OVER
MATURITIES)
SEPTEMBER
10
1.4
1.5
1.0
1.0
1.5
2.0
1.2
.1.0
SEPTEMBER
15
2.8
1.2
1.0
2.5
3.3
4.1
2.2
2.9
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 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
2/ 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 REPORT OF C O N D I T I O N ON DECEMBER 31, 1965.
3/ PRIME BANKS ARE T H O S E WHOSE NEGOTIABLE 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
R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH PTHER W I T H I N THE SECONDARY M A R K E T .
*
TOTALS MAY NOT ADD DUE TO R O U N D I N G .
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 O U T S T A N D I N G NEGCTIA9LE TIME C E R T I F I C A T E S OF D E P O S I T
AT W E F K L Y R E P O R T I N G BANKS BY SIZE OF BANKS 2/
AS OF 28 JUL 1971
C U M U L A T I V E PERCENTAGE
1/
tl BILL ION AND OVER
CD'S
MATURING
IN
$200
MILLION
AND UNDER
TOTAL
$200
$500
MILLION
TO
MILLION
$500
$1
MILLION
TO
BILLION
PR I M F
TOTAL
NEW YORK
CITY
1971
1972
JUL
29-31
3.5
2.9
3.4
AUGUST
33.8
32.3
32.4
SEPTEMBER
53.9
53.6
OCTOBER
67.6
NOVEMBER
2.0
OUTSIDE
NFW YORK
CITY
NON-PRIME
3.9
5.0
2.5
3. 1
31 . 1
34.8
38.0
32.4
30. 1
52.2
52.8
54 .4
60.2
48.4
48.1
67. C
67.2
66.2
68.3
73.8
63. 5
60.9
74.4
73.8
75.0
73.5
74.5
79.4
70.4
67.4
DECEMBER
81.5
80. 1
82. 3
80.0
81.8
96.3
77.5
76. 3
JANUARY
87.0
86. I
89.2
3 5.7
86.9
89.9
34.0
83. 1
FEBRUARY
89.2
98.6
90.6
AS.3
49. 1
92.0
86. 1
85.7
MARCH
92.6
91.0
92.5
90.8
93.0
96 . I
90.4
88.6
APRIL
94.9
92.8
94.5
92.7
95.5
97.8
Q3.6
92.4
MAY
96.0
94.4
95.9
94.1
96.4
93.3
94.7
94.0
JUNE
97.4
96.4
97.6
95.4
97.7
99. 1
9B . 1
96. 3
JULY
98.5
98.1
99. 1
97.3
98.4
49.4
97. 1
97.8
100.0
100.0
100.0
100.0
100.0
100.0
1 00.C
100.0
AUGUST
OR L A T E R
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 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING
2/ 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.
3/
3/
PRIME
BANKS
ARE
THOSE
REPORTED BY D E A L E R S
WHOSE
NEGOTIABLE
TO TRADE WITHIN
CERTIFICATES
1 OR
OF
DEPOSIT
ARE
REGARDED
2 B A S I S P O I N T S OF EACH rjHFR W I T H I N
AS
BANKS.
B E I N G OF
THE
HIGHEST
QUALITY
AND
WHICH
ARE
THE SECONDARY M A R K E T .
t
TABLE
3E
SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING 3ANKS BY SIZE OF BANKS 3/
AS OF 2 8 JUL 1971
PERCENTAGE DISTRIBUTION
$1 B ILL ION AND OVER
CD'S MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200 MILLION
TO
$500 MILLION
$500 MILL ION
TO
$1 BILLION
PRIME 4/
TOTAL
NEW YORK
CITY
1971 JUL
OUTSIDE
NEW YORK
CITY
NON-PRIME
29-31
AUGUST
37.6
35.1
32.9
36.0
39.2
41
.1
39.6
33.2
SEPTEMBER
20.3
20.4
16.5
21.8
20.7
23
15.7
21.2
.2
21.4
OCTOBER
21.1
21.2
20.4
21.5
20 .4
23.4
21.4
NOVEMBER
3.6
2.8
4. 1
2.6
3.8
5.
1
2.9
1.9
DECEMBER
4. 1
3.3
4.2
2.9
4.4
5 .2
3.6
3.3
7.0
9.6
13.0
7.0
5.6
2 .5
9. 8
7.9
FEBRUARY
0.8
1.1
1.0
1.8
0.4
0. 1
0.9
0.6
0.8
MARCH
0.7
0.9
0.5
0.5
0 .4
1.0
0.2
APR IL
0.5
0.4
0.4
0.8
0.5
0,, 3
0.3
1.3
MAY
0.2
0.2
0.0
0.3
0.2
0,, 1
0. 1
0.9
JUNE
1.0
0.7
1.4
1.2
0.9
1,, 1
0.6
1.2
3.0
4.5
4.4
4.9
2.2
0 ,, 7 .
100.0
2.1
6.3
100.0
100.0
100.0
100.0
100.0
100.0
1972 JANUARY
i JULY
OR LATER
TOTAL *
—
(MEMORANDUM:
TAX
100.,0
AMD DIVIDFND MATURITIES)
SEPTEMBER
10
l.B
3.4
1.1
1•2
2.0
?.
1. 7
1.9
SEPTEMBER
15
2.2
0.9
0.7
1*3
2.9
4.
0.5
1.9
(MEMORANDUM:
253
84
NUMBER
83
OF B A N K S )
50
36
12
1/ SEE TECHNICAL APPENDIX A.
2/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 CR MORE ISSUED BY WEEKLY REPORTING BANKS.
3/ TOTAL D E P O S I T S AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965
A / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST
QUALITY AND WHICH ARE
1
REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH CTHER WITHIN THF SECONDARY M ARK FT
M e
*
TOTALS MAY NOT ADD DUE TO R O U N D I N G .
"
17
TABLE 4A
AVERAGE
MATURITY
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
1/
AT WEEKLY R E P O R T I N G B A N K S
AT VARIOUS
SURVEY D A T E S
(IN M O N T H S )
DATE OF
BANK C L A S S I F I C A T I O N
28 JUL
1971
30 JUN
SURVEY
1971
26 MAY
1*9 71
(BY L O C A T I O N )
ALL R E P O R T I N G BANKS
ISSUING CD'S
2.9
3.1
3.3
NEW YORK CITY
2.5
2.8
3.2
CHICAGO
3.0
3.2
3.6
OTHER
3.2
3.2
3.3
(BY SIZE OF
UNDER
$200 MILLION
B A N K ) 2/
3.0
3.1
3 .0
S200-&500 MILL ION
2.9
2.8
2.Q
$500— $ 1,000
3.1
3.2
3.3
2.9
3.1
3.4
2.5
2.7
3.1
3.2
3.4
3.7
3.4
3.4
3.6
OVER
MILLION
$1 BILLION
PRIME
IN NEW YORK CITY 3/
PRIME O U T S I D E
NEW YORK C I T Y 3/
NON-PRIME
1/
INCLUDES C E R T I F I C A T E S
2Z
TOTAL
3/
PRIME BANKS ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING n F THE HIGHEST Q U A L I T Y AND
1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T .
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 CALL
$100,000 OR
MORE
ISSUED
BY W E E K L Y
REPORT OF CONDITION ON D E C E M B E R
W H I C H ARE R E P O R T E D BY DEALERS TO TRADE WITHIN
31,
REPORTING B A N K S .
1965.
TABLE
AVERAGE
48
MATURITY
OF
NEGOTIABLE
TIME C E R T I F I C A T E S OF DEPOSIT
SOLD BY WEEKLY
DURING
THE
1/
R E P O R T I N G BANKS
MONTH
OF
VARIOUS SURVEYS
(IN M O N T H S )
DATE OF SURVEY
BANK C L A S S I F I C A T I O N
JUL
1971
30 JUN
1971
?6 MAY
1971
(BY L O C A T I O N )
ALL R E P O R T I N G
BANKS
ISSUING CD'S
2.4
2.2
2.5
2.0
1.7
?.?
CHICAGO
2.5
2.0
2.4
OTHER
2.7
2.5
2.7
NEW
YORK C I T Y
(ay SIZE OF
UNDER
$200 M I L L I O N
SANK) ?/
2.7
2.7
7.8
S2C0-1.500 M I L L I O N
2.9
2.5
2.4
$500— $ 1»000 MILLION
2.b
2.4
2.7
OVER
2.3
2.0
2.4
2.0
1.7
2.1
2.4
2. <
?.*
2.Q
2.6
tl
BILLION
PRIME
IN NEW YORK CITY 3/
PRIME O U T S I D E
NFW
YORK C I T Y
3/
NON-PRIME
1/
INCLUDES C E R T I F I C A T E S
?/
TOTAL
3/
PRIME RANKS ARF TM(IS<= WHO SI- N F G U T I A H L F C E R T I F I C A T E S OF IH PDS II A R t R F G A R D M l AS -M-ING -r Tnf ,|,;n,sl • ;•
W H I C H ARE R E P O R T E D BY DEALER S TO TRADE U IIH I N 1 OR ? HASl S PTINI S Of t- A C H I'tKts w 11 m | V r,<; s ( :A n A < y ' v ;
DEPOSITS
N O T E — S E E TECHNICAL
IN D E N O M I N A T I O N S OF
AS R E P O R T E D
APPENDIX
H.
IN THE CALL
$100,000 OR
M!)°E ISSUED
RFPORT OF C O N D I T I O N
RY WEEKLY
JFCFMn[W
REPORT INl, HANKS .
31,
T A B L E 5A
R A T I O 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
TO TOTAL
AT VARIOUS
1 PER
SURVEY D A T E S
CENT)
ISSUING
1971
OF
30 JUN
11.2
SURVEY
1971
26 MAY 1971
11.5
1
o
ALL BANKS
CD'S
28 JUL
1/
DEPOSITS
DATE
TOTAL 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 )
OF D E P O S I T
200
9.5
9,0
9.7
200 - 500
10.7
9.9
10.4
500 -
10.3
9.1
9.7
11.8
11.9
12.5
17.3
14.7
16.3
UNDER
OVER
1000
1000
PR IME
IN NEW YORK
INCLUDES C E R T I F I C A T E S
2/ TOTAL
CO
1/
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
IN THE CALL
$100,000 0= MURE
REPORT OF
12.4
12.?
o
NONPRIME
9.0
00
9.4
YORK 3/
CO
PRIME O U T S I D E NEW
3/
ISSUFD
BY W E E K L Y R E P O R T I N G B A N K S .
C O N D I T I O N ON D E C E M B E R
31, 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 ARF R E G A R D E D AS BEING 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 D E A L E R S TO T R A D E WITHIN 1 OR 2 BASIS P O I N T S OF FACH OTHER WITHIN THE SECONDARY 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 RATIO
INTERBANK 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 5R
RATIO OF O U T S T A N D I N G N E G O T I A B L E TI^F C E R T I F I C A T E S OF D E P O S I T
TO TOTAL
DEPOSITS
AS OF 28 JUL
{NUMBER
TOTAL
DEPOSITS
5%
OR
LESS
2/
(IN M I L L I O N S OF D O L L A R S )
ALL
B A N K S ISSUING
CD • S
CF
1971
BANKS)
10
TO
15?
5
TO
10%
1/
20
TO
25%
15
TO
20%
58
77
58
34
25%
OR
MO^E
A V E R A G E CD
TO D E P O S I T
R A T I O (PEP C E N T )
11.2
UNDER
200
20
33
15
10
4
2
9.5
200 -
500
23
20
21
9
6
4
10.7
500 -
1000
11
11
16
9
2
1
10.3
4
13
6
6
6
1
11.8
0
1
0
17.3
OVER
1000
PRIME
IN NEW
YORK
PRIME O U T S I D E NEW
3/
YORK
3
NONPRIMF
1/ INCLUDES C E R T I F I C A T E S
2/ TOTAL
/
2
2
2
3
6
0
3
1
0
9.4
6
4
2
2
1
8.0
IN D E N O M I N A T I O N S OF $100,OCO
D E P O S I T S AS R E P O R T E D
1
OP
MOPE
ISSUED
BY WEEKLY 9EPOP TING
IN THE CALL REPORT OF C O N D I T I O N ON DECEMBER
31,
f
BANKS.
1965.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
W H I C H ARE R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS OF E£CH OTHER WITHIN THE SECONDARY 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 RATIO
INTERBANK AND U . S . G O V E R N M E N T D E P O S I T S .
IN THIS TABLE ARF
TOTAL DEMAND AND T I M E
DEPOSITS,
INCLUDING
TABLE
PER C E N T C H A N G E
IN O U T S T A N D I N G N E G O T I A B L E
30 JUN 1971
DEPOSITS
REDUCED
CD'S TO
ZERO
BANKS ISSUING
CD' S .
—
—
D E P O S I T /I
1971
RANKS)
DECLINES OF
2/
( IN M I L L I O N S OF D O L L A R S )
ALL
TIME C E R T I F I C A T E OF
TO 28 JUL
(NUMBER OF
TOTAL
5C
INCREASES OF
—
10% OR
MORE
5 TO
10%
5 % OR
LESS
NO
CHANGE
5% OR
LESS
5 TO
10%
10* OR
MORE
ISSUED C D ' S BUT
HAD NONE O U T S T A N D ING ON BASE DATE
4
19
13
42
12
63
41
63
0
UNDER
200
3
10
A
10
2
24
12
20
0
200 -
500
0
5
4
17
7
21
12
17
0
500 -
1000
0
4
3
8
3
8
7
17
0
1
0
0
7
0
10
10
9
0
0
0
0
0
0
?
3
2
0
0
0
0
3
0
4
I
4
0
1
0
0
4
0
4
6
3
0
OVER
1000
PRIME
IN NFW
YORK
PRIME O U T S I D E NEW
3/
YORK
3/
NONDRIME
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
IN D E N O M I N A T I O N S OF
REPORTED
IN THE CALL
$100,000 OR
REPORT
MORE
ISSUED
BY WEEKLY R E P O R T I N G
DF C O N D I T I O N ON DECEMBER
BANKS.
31, 1965.
3/ PRI«E BANKS ARF T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE RFGARDFC AS BEING OF THE H I G H F 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 O E A I E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS OF FACH OTHER WITHIN THE S E C O N D A R Y M A R K E T .
NOTE-
THE NUMBER OF BANKS IN THIS TABLE D I F F E R S FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT B A N K S THAT
HA!) O U T S T A N D I N G C D ' S ON THE LAST 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 TO ZERO ON THIS S U R V E Y .
T A B L E 5D
PER C E N T C H A N G E
IN OUTSTANDING N E G O T I A B L E
28 APR 1971
(NUMBER
TOTAL
DEPOSITS Z2
RFDUCEO
C D ' S 25%
TO
OR
ZERO
MORE
( IN M I L L I O N S OF D O L L A R S )
ALL
BANKS
CD'S
TIME C E R T I F I C A T E OF
TO 2 3 JUL
OF
1971
BANKS)
DECLINES OF
20
TO
25%
.15
TO
20%
10
TO
15?
D E P O S I T /I
I N C R E A S E OF
5
TO
10%
5%
CR
LESS
NO
CHANGE
5*
OR
LESS
5
TO
10?
10
TO
15%
•
15
TO
20 %
20
TO
25t
25%
OR
MOPE
ISSUED
CD' S BUT H A D
NONE
OUTSTANDING
ON BASE DATE
ISSUING
4
19
6
9
IB
16
35
8
25
18
20
20
17
41
2
UNDER
200
3
7
2
5
6
3
13
1
8
3
6
9
6
13
2
200 -
500
0
4
3
3
9
7
12
6
7
4
8
3
4
13
0
500 -
1000
0
8
1
0
C
5
8
1
4
4
5
?
3
9
0
I
0
0
0
3
1
?
0
6
7
1
6
4
6
0
0
0
0
0
C
0
1
0
1
1
1
1
C
2
0
0
0
0
0
2
1
1
0
1
I
0
2
3
1
0
1
0
0
0
I
0
0
0
4
5
0
3
1
3
0
OVER
1000
PRIME
IN NEW YORK
PRIME O U T S I D E NEW
NONPRIME
3/
YORK
3/
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
2/ TOTAL D E P O S I T S AS R E P O R T E D
IN THE CALL
$100,000 OR
MORE
ISSUED BY WEEKLY R E P O R T I N G
REPORT OF C O N D I T I O N ON DECEMBER
BANKS.
31, 1965.
3/ P R I M E BANKS ARE T H O S E WHOSE NEGOTIABLE 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 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 S E C O N D A R Y " A R K E T .
NOTE-
THF NUMBER OF BANKS IN T H I S TABLE DIFFERS FROM THOSE IN MOST OTHE" TABLES TO THE EXTENT THAT B A N K S
HAD O U T S T A N D I N G CD'S ON THE SURVEY THRFF MONTHS PR ICR TO THE C U R R E N 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 TO Z E R O .
THAT
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
OVER
THE M O N T H AS A PER CENT
AT THE
1971
(NUMBER
2/
BANKS
CD'S
DEPOSITS
TO 2 8 JUL
OF
1971
BANKS)
D E C L I N E S OF
(IN M I L L I O N S OF D O L L A R S !
ALL
OF TOTAL
3%
AND
OVER
2
TO
3%
1/
B E G I N N I N G OF THE P E R I O D
3 0 JUN
TOTAL DEPOSITS
TIME C E R T I F I C A T E S OF D E P O S I T
1
TO
2%
I N C R E A S E S OF
1%
AND
LESS
NO
CHANGE
1%
AND
LESS
1
TO
2%
2
TO
3%
3%
AND
OVER
ISSUING
2
2
7
64
12
106
33
17
10
UNDER
200
1
0
4
23
2
38
9
4
3
200 -
500
1
2
1
21
7
35
9
3
4
500 -
100C
0
0
2
13
3
IB
5
6
3
0
0
0
7
0
15
10
4
0
0
0
0
0
0
2
4
I
0
0
0
0
3
0
6
3
0
0
0
0
0
4
c
7
3
3
G
OVER
1000
PRIME
IN NEW
YORK
PRIME O U T S I D E NEW
3/
YORK
3/
N O N P R I 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
2/ TOTAL D E P O S I T S AS R E P O R T E D
IN THE C A L L
tlOC.OOC
OR MORF
ISSUED
BY WEEKLY R E P O R T I N G
REPORT OF C O N D I T I O N ON DECEMBER
31,
BANKS.
1965.
3/ P R I M E B A N K S ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G OF THF H I G H E S T Q U A L I T Y AND
W H I C H ARF 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-
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
INTERBANK 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
DEMAND AND TIME
DEPOSITS,
INCLUDING
TABLE 5 F
CHANGE
OVER
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- D E P O S I T
THE LAST THREE M O N T H S AS A PER C E N T OF
AT THE B E G I N N I N G CF THE
28 APR
1971 TO 2flJUL
(NUMBER OF
TOTAL
DEPOSITS
2/
BANKS
CD'S
DEPOSITS
PERIOD
1971
BANKS)
DECLINES OF
(IN M I L L I O N S OF D O L L A R S )
ALL
TOTAL
1/
5%
AND
OVER
4
TO
5%
3
TO
4%
INCREASES OF
2
TO
3*
1
TO
2%
\%
AND
LESS
NO
CHANGE
1%
AND
UNDER
1
TO
2%
2
3
TO
4%
TO
3%
4
TO
5?
5%
AND
OVER
ISSUING
4
2
6
3
26
60
8
60
37
16
11
1
1
3
3
R
20
1
18
16
5
2
2 0 0 - 500
3
0
2
0
14
17
6
19
12
1
3
3
3
500 -
C
1
1
4
17
1
9
4
6
4
2
1
0
14
5
UNDER
OVER
200
•
1000
1000
PRIME
0
IN NEW YORK
PRIME O U T S I D E NEW
NONPR IME
1/
3/
YORK
0
3/
0
0
0
0
0
0
0
0
6
0
1
0
2
0
4
7
,
2
2
2
2
0
0
1 1
5
0
2
C
0
0
0
C
4
0
3
2
1
2
0
0
0
0
0
0
0
1
0
9
3
1
0
0
3
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
IN T H E CALL
$100,000 OR
MORE
ISSUED
BY W E E K L Y R E P O R T I N G
REPORT OF C O N D I T I O N ON D E C E M B E R
31,
BANKS.
2/ TOTAL
D E P O S I T S AS R E P O R T E D
1965.
3/ PRIME
WHICH
B A N K S ARE T H O S E 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 BEING OF THE H I G H E S T Q U A L I T Y AND
ARE R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T .
NOTED E P O S I T S IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL D E M A N D AND TIME D E P O S I T S , I N C L U D I N G
INTERBANK AND U . S . G O V E R N M E N T D E P O S I T S .
TABLE
6A
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 NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT *EEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
f
AS OF 28 JUL
(AMOUNTS
CD'S MATURING
1971
JUL
ALL
DISTRICTS
IN
29-JUL
BOSTON
34. 5
1055.2
31
NEW
YORK
1/
1971
IN M I L L I O N S OF D O L L A R S )
PHILADELPHIA
CLEVELANO
600.8
18.1
51.8
R I C H—
MOND
ATLANTA
14. 1
CHI —
CAGO
ST.
LOUIS
MINNEAPOL I S
KANSAS
CITY
DALLAS
SAN
FRANCISCO
17.4
95.0
8.4
8. 1
21.8
87. 3
97.9
AUG
9175.8
561.2
4129.7
289.4
332.3
210.2
288.7
1067.1
172.0
95.3
188. 1
53 8. 7
1303.1
SEP
6070.1
269.2
2770.1
171.4
285.5
171.7
197.3
695.2
10 3.3
48.9
160.9
369. 9
826.7
OCT
4208.7
317.0
1772.0
105.8
226.0
120.6
116.1
568.5
66.6
36 .4
91.4
213.1
575.2
NOV
1992.5
149.8
724.7
75.8
103.5
40.2
92.6
259.8
40.9
25.9
44.8
125. 8
308.7
DEC
2161.2
125.9
993 .5
98.6
98.5
66.3
90.5
236.8
54.1
31.C
40.9
120.6
314.5
1972 JAN
1653.6
42.9
501.0
78.7
107.4
87.0
67.0
253.8
32.7
25.2
43.8
147. 0
267.1
FEB
652.6
11.4
274. 1
20.8
23.7
9.9
20.9
94.6
7. 1
18.7
13.7
70. 1
87.6
MAR
1017.5
16.2
499.6
29.5
61.7
11.0
27.6
146.2
24. 1
7.8
11.3
58. 3
124.2
APR
698.7
11.2
258. 5
21 .4
86.0
15.3
21.6
86.9
3.6
5 .2
18.4
3d. 7
131.9
MAY
319.7
14.4
71.5
18.5
48.5
8.5
14.6
36.4
4.6
4.8
9.8
22.8
65.3
J UN
420.0
12.1
105.5
46.8
45.5
22.5
20.0
50. 8
4.2
5.2
17.8
15.3
74.3
JUL
319.4
15. 7
45.4
10.3
36.1
18.1
15.5
44.5
5.9
3.0
10.8
44.2
69.9
AUG OR LATER
527.9
54. 1
35. 7
27.0
152.1
17.5
27.0
, 28.5
3.4
3. 3
8.9
15. 7
104.7
1635.6 12732.1
1012.1
1658.6
812.9
1006.8
3664.1
530.9
318.8
682.4
1867.5
3.5
4.4
3.2
3.2
2.9
2.7
3. 1
19
16
24
35
TOTAL
30272.9
*
AVERAGE MATURITY
IN MONTHS 2/
2.9
2.6
2.5
NUMBER
BANKS
253
19
43
3.C
3.1
23
30
OF R E P O R T I N G
1/ INCLUDES O N L Y C E R T I F I C A T E S
2/ SEC
3.C
4351 . 1
TECHNICAL
* DETAILS "AY NOT
APPENDIX
ADD
ISSUED
IN D E N O M I N A T I O N S
B.
TO TOTALS DUE
TO R O U N D I N G .
1C
OF
$100,000 OR MriRE RY WEEKLY REPORTING
11
BANKS.
5
19
TABLE
1/
6B
2/
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
WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E D I S T R I C T
AS OF 28 JUL
(AMOUNTS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
354.5
63.2
28.5
66.9
234.9
566.0
41.7
213.3
30.7
8. 8
34.0
141.9
247.9
34.8
62.6
274.5
35.7
18.6
37. 1
104.0
316.1
26.0
5.3
7. 1
30.2
4.3
6.6
2.5
11.2
29.5
11.7
30.9
7.8
10.9
17.3
3.7
0.9
9.4
15.5
52.3
149.2
12.7
42.2
70.9
37.7
71.7
7.0
1.3
30.4*
55.6
169.4
1.4
10.5
1.3
1.0
0.6
2.4
14.4
1.7
0.0
4.7
23.0
13.2
56.5
2.0
19.3
1.5
0.3
3.1
4.9
19.1
0.3
0.0
1.3
1.2
3.5
APR
50.1
2.3
13.5
0.7
1.5
1.6
3.9
4.3
1.3
0.4
1.5
3.3
15.8
MAY
20.0
0.7
5.3
0.4
1.6
0.1
0.6
1.4
0.1
0. 1
0.0
0. 1
9.6
J UN
97.5
2.2
38.4
1.0
12.2
10.9
9.4
2.8
0. 2
0.4
3.6
0. 7
15.7
286.3
9.4
37.2
8.8
22.1
13.5
16.7
34.5
4.8
1.6
11.1
43.0
83.6
9478.0
516.4
4049.1
227.4
504.6
272.2
290.6
1038.0
153.0
67.2
202.5
634.4
1522.6
2.4
2. 1
2.C
2.4
2.8
3.5
3.2
2.4
2.1
2. 1
3.1
2. 7
2.8
BOSTON
AUG
3564.3
222.4
SEP
1923.3
OCT
IN
CLEVELAND
1624.5
78.9
143.7
88 .1
92.7
82. 1
911.2
51.7
124.5
35.5
2011.8
128. 7
850.4
50.7
98.6
NOV
342.6
13.7
198.2
8.0
OFC
394.3
32.5
191.4
JAN
667.1
19.0
FEB
74.2
MAP
OR LATER
*
AVERAGE MATURITY
IN M O N T H S 3/
1/ SEE T E C H N I C A L A P P E N D I X
CH I —
CAGO
A.
2/
INCLUDES ONLY C E R T I F I C A T E S
3/
SEE
TECHNICAL
NEW
YORK
RICHATLANTA
MOND
PHI LADELPHI A
JUL
TOTAL
IN M I L L I O N S OF D O L L A R S )
MINNEAPOLIS
ALL
01 s TR ICTS
1972
1971
ST.
LOUIS
C D 1 S MATURING
1971
SINCE P R E V I O U S M O N T H
ISSUED
IN D E N O M I N A T I O N S OF
APPENDIX R.
* FRASER
D E T A I L S MAY NOT ADD TO TOTALS DUE TO R O U N D I N G .
Digitized for
$ 1 0 0 , 0 0 0 OR MORE
RY W E E K L Y R E P O R T I N G
BANKS.
TABLE 6C
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 TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 28 JUL
(PERCENTAGE
CD'S MATURING
1971
IN
ALL
DISTRICTS
BOSTON
3.5
2.1
AUG
30.3
SEP
OCT
JUL
29—JUL
31
N Eft
YORK
1/
1971
DISTRIBUTION)
ST e
LOUIS
MINNEAPOLCS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
2.6
1.6
2.5
3.2
4.7
2.3
28.7
29.1
32.4
29.9
27.6
28.8
29.9
21.1
19.6
19.0
19.5
15.3
23.6
19.8
19.0
13.6
14.8
11.5
15.5
12.5
11.4
13.4
11.4
13.2
PHIL A—
DELPHI A
CLEVELAND
4.7
1.8
3.1
1.7
1.7
34.3
32.4
29.6
20.0
25.9
20.1
16. 5
21.8
16.9
17.2
13.9
19.4
13.9
10.5
RICHMOND
ATLANTA
CHI—
CAGO
NOV
6 •6
9.2
5.7
7.5
6.2
4.9
9.2
7.1
7.7
8.1
6.6
6.7
7.1
DEC
7.1
7.7
7.0
9. 7
5.9
8.2
8.0
6.5
10.2
9.7
6.0
6.5
7.2
1972 JAN
5.5
2.6
3.9
7.9
6.5
10.7
6.7
6.9
6.2
7.9
6.4
7.9
6.1
FEB
2.2
0.7
2.2
2.1
1.4
1.2
2.1
2.6
1.3
5.9
2.0
3.8
2.0
MAR
3.4
1.0
3.9
2.9
3.7
1.4
2.7
4.0
4.5
2.4
1.7
3.1
2.9
APR
2.3
0. 7
2.0
2.1
5.2
1.9
2.1
2.4
0.7
1.6
2.7
2.1
3.0
MAY
1.1
0.9
0.6
1.8
2.9
1.0
1.5
1.0
0.9
1.5
1.4
1.2
1.5
JUN
1.4
0.7
0.8
4.6
2.7
2.8
2.0
1.4
0.8
1.6
2.6
0.8
1.7
JUL
1.1
1.0
0.4
1.0
2.2
2.2
1.5
1.2
1.1
0.9
1.6
2.4
1.6
AUG OP LATER
1.7
3.3
0.7
2.7
9.2
2.2
2.7
0.8
0.6
1.0
1.3
0.8
2.4
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
TOTAL
1/
*
INCLUDES ONLY C E R T I F I C A T E S
ISSUED
IN D E N O M I N A T I O N S OF
$100,000 OR
MORE
BY WEEKLY REPORTING
BANKS.
f
4
TABLE
MATURITY
DISTRIBUTION
OF
OUTSTANDING NEGOTIABLE TIME
AT W E E K L Y RFCPORTING 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
28
(CUMULATIVE
CD« S M A T U R I N G
1971
19 72
IN
ALL
DISTRICTS
BOSTON
3.5
2.1
AUG
33.8
SFP
60
JUL
CERTIFICATES
OF
DEPOSIT
1/
1971
°ZRCENT AGE I
ST.
LOUIS
MINNF—
A r>OL I S
KANSAS
CITY
DALLAS
SAN
FRANCISCO
2.6
1.6
2.5
3.2
4. 7
2.3
30.4
31.7
34.0
32.4
30. 8
33. 5
32.2
48.7
50.0
50.7
53.5
47.7
54.4
53. 3
51.2
53.9
63.5
61.5
66.2
66.0
59.1
67.8
64. 7
64.4
65.3
60. 1
68.4
70.7
73.3
73. 7
67.2
74.4
71.4
71.5
35.5
75.0
66. u
76.6
78.7
79.8
83.9
76.9
80.4
77.9
78 .7
91.8
89.4
82.8
72.5
87.3
85.4
86.7
90. 1
84.8
ti6. 8
85. 8
84.8
89.2
92,5
91.6
64.9
73.9
98.5
3 7.5
89.3
91.4
90 . 7
88.8
89. 6
86.8
MAR
9 2 .6
93. 5
95.5
%7.8
77.6
A9.9
90.2
93.3
95.9
93 . 1
90.5
92. 7
89.7
. APR.
94.9
94.2
97.5
89.9
82.8
91.8
92.3
95.7
96.6
94.7
93.2
94. 8
92.7
MAY
96.0
95. 1
98.1
91.7
85.7
92.8
93.8
96.7
97.5
96.2
94.6
96.0
94.2
J UN
97.4
95. 8
98.0
96.3
8 8.4
95.6
95.8
98 . 1
99.3
97.8
97.2
96. 8
95.9
JUL
9 3.5
96.8
99. 3
97.3
90.6
97.8
97.3
99.3
99.4
98.7
98.8
99. 2
97.5
100.0
100.0
lOu.O
100.0
100.0
100.0
100.0
100.0
100.0
LOO .0
100. 0
100.0
OR
BY
NEW
YORK
PHILADELPHIA
CLEVELAND
RICHMOND
4.7
1.8
3. 1
1.7
36.4
37. 1
30.4
2 3.1
27.6
5 3 .9
52.9
58.9
47.3
40.3
ncT
67.8
72.3
72.8
57.8
MOV
74.4
81.5
78.5
nee
81.5
89.2
J AN
87.0
PER
JUL
AUG
79—JUL
OR
31
LATER
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
ISSUFO
IN
DENOMINATIONS
OF
$100,000
ATLANTA
MORE
CHICAGO
1. 7
WEEKLY
REPORTING
BANKS.
1 CO . 0
TABLF AF
1/
?/
SALES OF NEGOTIABLE: T|'«E C E R T I F I C A T E S UF DEPOSIT SINCE PREVIOUS MONTH
W E E K L Y R E P O R T I N G BANKS
BY F E D E R A L RESERVE DISTRICT
AS
OF
28
(PERCENTAGE
1971
DISTRIBUTION)
ST.
LOUIS
MINNFAPOL IS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
34.2
41.3
42.4
33.0
37.0
37.2
14.3
20.5
2C.1
13.1
16. 8
22.4
16.3
12.8
21.5
26.4
23.3
27.7
18.3
16.4
20.8
5.2
1.9
2.4
2.9
2.8
9.8
1.2
1.8
1.9
5.1
6. 1
2.9
3.8
1.7
2.4
1. 3
4.6
2.4
3.4
3.7
5.6
9.4
26.0
13.0
6.9
4.6
1
15.0
8.8
11.1
0.3
0.3
0.6
0.?
0.2
0.8
1.4
1 . 1
0.0
2.3
3.6
0.9
0.6
0.4
0.5
0.7
0. 1
1 .1
1. 7
1.8
0.2
0.0
0.6
0. 2
0.2
APR
0.5
0.4
0.3
0.3
0.3
0 .6
1 . ?
0.4
0. 8
C .6
0.7
0.5
1 .0
MAY
0.2
0. 1
0. 1
0.2
0.3
0.0
0.2
0.1
0. 1
C. 1
u•0
0. 0
0.6
J UN
1.0
0.6
0.9
0.4
2.4
4.0
3.2
0. 3
0. 1
0.6
1 .6
0. 1
1.0
3.0
1 . R
0.9
3.9
4.4
5.0
5.7
3.3
3. 1
2.4
5.5
6.8
5.5
100.G
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
ALL
DISTRICTS
BOSTON
AUG
37.6
43. 1
SEP
20.3
OCT
C D ' S MATURING
IN
RIO H—
*n\io ATLANTA
PHIL A—
DELPHI A
CLEVELAND
40. 1
34.7
28.5
32.4
31.9
15.9
22.5
22.7
24. 7
13.0
21.2
24.9
21.0
22.3
19.5
NOV
3.6
2.7
4.9
3.5
DEC
4.1
6.3
4.7
1972 JAN
7.0
3.7
FEB
0.8
MAR
1971
JUL
OR LATER
100.0
TOTAL *
1/ SEE TECHNICAL
2/
APPENDIX
- SALFS
DETAILS
MAY
IN THIS
NOT
ADD
ISSUED
TABLE ARE
TU
100.0
NEW
YORK
1 UU•0
CHICAGO
A.
INCLUDES ONLY C E R T I F I C A T E S
MQTF
*
JUL
TOTALS
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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 tc 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 cooparibillty 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.
@FedFRASER