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A
L.4.1
CONFIDENTIAL (FR)
August 26, 1968.
I
;
'
'
^
IJtS
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
July 31, 1968
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
/
T
MATURITY
0 1iTRIBLTICN
CF L U T S T f N C I H :
WEEKLY
AS
fc L t 1
NtGCTIAELr
TIME
I/
CERT IF ICATES OF DEPOSIT AT
R E F L A T I N G tiANKS
CF 3 1 JUL
AfrCUNT
( M L L I C N S CF
CELLARS)
1968
SALES S I N C E
P R E V I O U S M C M H 2/
( M I L L I C N S CF D O L L A R S )
C U M U L A T IVE
PERCENTAGE
.0
.0
.0
.0
ALCLST
4,255.1
19.8
19.8
1,264.1
SEPTEMBER
3 ,553.4
16.6
26.4
893.4
OCTOBER
2 ,900.9
13.5
49.9
1,450.5
NOVEMBER
1 ,624.1
7.6
57.5
239.9
DECEMBER
2 ,743.9
12.8
70.2
879. 1
2 ,599.6
12.1
82.4
1,942.8
FEBRUARY
609.2
2.8
85.2
257.6
MARCH
638.6
3.2
88.4
392.4
APRIL
560.9
2.6
91.0
234.9
MAY
34 7.6
1.6
92.6
82.4
JUNE
558.8
2.6
95.2
214. 7
JULY
439.2
2.0
97.2
546.1
567.7
2.6
ICC.C
XXX
2 1 ,448.8
100.0
XXX
8,397.7
XXX
XXX
23.7
75.6
MATURING
1968
JULY
IN
31
1969 J A N U A R Y
OVER
12 M O N T H S
TOTAL
TAX
(MEMORANDUM:
SEPTEMBER
SEPTEMBER
1/
INCLUDES ONLY
CERTIFICATES
2/
SEE
A P P E N D I> A .
2/
SALES
TECHNICAL
CF C D ' S
MATURING
IN D E N C M N A T I C N S
AFTER
11
MCNTHS.
C IV I D E N C
1.2
2.0
256.2
430.1
1C
16
AND
3C
t>
c
X
PERCENTAGE
C1ST RI BUT ION
CC's
CF
$100,000
CR M O R E
ISSUEC
BY W E E K L Y
REPORTING
BANKS.
3/
TAtLE
1/
0 1 i T R I B L T I C N CF tuTST ANC I NC NEGCT I A E L t TIME CERT 1F1CAIES OF D E P O S I T AT
Nfc l« YCHK CI TV , CM ICAGC, AND ALL CT HER W E E K L Y R E P O R T I N G B A N K S
MATURITY
AS
CF
3 1 JUL
II h MLLICNS
INEfr YCHK
CO" S M A T U R ING
1 9 6 8 JUL
IN
2A
AMOUNT
ISfcfi
OF
DOLLARS)
CITY
CHICAGO
SALES SINCE
P R E V I O U S MONTH 2/
AMOUNT
-
ALL
S A L E S SINCE
PREV IOUS M O N T H
2/ -
OTHER
WEEKLY
AMOUNT
REPORTING
SALES SINCE
PREVIOUS MONTH
31
.0
.0
.0
.0
.0
.0
AUGUST
1*277.1
347. 7
220.9
38.7
2,757.1
877.7
SEPTEMBER
I*C7 1.6
303.1
304.6
59.3
2,177.2
53 1.0
OCTOBER
704.4
379.1
236.8
12C.7
1 ,9 59.7
95 0.7
NOVEMBER
427.7
60.3
89.3
8.4
1,107.1
17 1.2
CECEMBER
1,121.6
366.2
214.4
1C 4 . 1
1 ,4C7.9
408.8
742.8
547.3
270.0
217.1
1,586.8
1 ,178.4
FEBRUARY
162.4
88.5
65.7
32.2
381.1
136.9
MARC1-
276.C
213.5
58.5
36.7
354.0
142.2
APRIL
203.2
IOC.3
29.9
7.3
327.8
127.3
86.9
28.5
45.5
9.2
215.2
44.7
JUNE
172.9
7C.7
62.5
31.0
323.4
113.0
JULY
86.C
125.4
26.5
27.3
324.7
393.4
125.C
XXX
11.7
XXX
431.0
XXX
6,459.6
2 ,63 0.6
1,636.3
692.0
13 , 352.9
5,075.1
1969 JANUARY
MAY
OVER
12 M O N T H S
TOTAL.
NUMBER
OF
*
REPORTING
BANKS
/3
12
11
(MEMORANDUM:
SEPTEMBER
SEPTEMBER
10
16
INCLUDES ONLY CERTIFICATES
2/
SEE
3/
SALES OF
TECHNICAL
APPENDIX
IN U E K C M N A T I C N
A.
CD'S MATURING AFTER
11
TAX
AND
7.5
27.3
131.9
196. 7
1/
/3
fCNTHS.
O T A L S M A Y N O T A D O D U E TO R G L N U 1 M , .
Digitized*forTFRASER
CF
240
DIVIDEND MATURITIES)
8.0
34.2
1100,000
CR f C R E
ISSUED
.5
5.2
BY W E E K L Y
REPORTING
116.3
199.2
BANKS.
BANKS
15.7
43.1
A3
2/
T/>ei_t
MAlLtfilY O I S l K l e L T I C N
LF
CUTSTANCIKC
N FI L T I A £ L E TIME CERT IF ICA T E S UF DEPOSIT AT
k, YLRK C I T Y , C H I C A G O , ANC ALL CT FFR WEEKLY REPORTING
AS OF 31
JUL
1968 ANC 26 JUN
(PERCENTAGE
CD'S
MATIRINH
NEW
IK
31
C-6 DAYS 2/
CHICAGO
JUK
3 1 JUL
ALL OTHER
26 JLN
31 JLL
26 JLN
.0
3.5
.0
2.6
.C
5.0
19.8
30 .5
13.5
3C. 1
2C.6
26.2
02 M O N T H S
16.6
16.0
18.6
13.C
16.3
15.6
C3 M O N T H S
10.9
13.2
14.5
17.5
14.7
13. 7
04 M O N T H S
6.6
5.6
5.5
E.3
8.3
8.4
C5 M O N T H S
17.4
6.3
13.1
5.E
1C.5
7.8
C6 M O N T H S
11.5
13.0
16.5
7.<3
11.S
8.3
01 M O N T H S
2.5
3.4
4.0
3.6
2.9
3.4
CE M O N T H S
4.3
1.3
3.6
2.4
2. 7
2.0
OS M O N T H S
3.1
1.1
1.8
1.6
2.5
1.8
1C M O N T H S
1.3
1.8
2.8
1.6
1.6
1.7
11 M O N T H S
2.7
1.0
3.8
2.6
2.4
1.4
12 M O N T H S
1.4
1.8
1.6
2.2
2.4
1.7
1.9
1.5
.7
.6
3.2
3.C
1CC.0
100 .0
100.0
1CC.C
100.0
ICC. C
Cf $ 1 0 0 , O C C
CR MCRE
CI M C M H S
OVER
3/
12 M O N T H S
TO TAL *
1/
26
1S6E
C ISTR IBUT ION)
YORK CITY
JUL
HANKS
INCLIOES CNL> C E R T I F I C A T E S
BANKS.
lb
DENCMNATICNS
2/ N U M B E R CF D A Y S R E M A I M N G IN SURVEY M C N T F . THIS
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
CF
MChTHS FOLLOWING
* T O T A L S MAY NOT
ADD O L E
•
#
TEE SURVEY
ISSUED BY WEEKLY REPORTING
PERIGC VARIES WITF
THE NUMBER CF DAYS
K M H .
TC R C L N C I N C .
•
#
s
.s
e
#
#
•
•
•
•
!
•
table zc
M T U h 11 > L I l l K I e L l I C N
KEt» YuHK
If- CUTS T ANC ING
KECCTIAKLE
C I T Y , C H I C A G O , AKG ALL
AS CF
3 1 JUL
AT
CThEF WEEKLY R E P O R T I N G b A N K S
tHL
1966
I ii'. E CERTIFICATES OF O C P C S I T
26 J UN
1968
( CU MJ LAT IV E CISTP1EUT ION)
CD'S
PATLRIKG
NEk YORK CITY
Ik
31
C-6 DA>$ 2/
26
JUK
31 JUL
ALL
26 JLN
OTHER
21 JUL
2t JIN
.0
3.5
.0
2.6
.C
IS.8
34.0
13.5
32.7
2C.6
31.2
02 M O N T H S
36.4
50.0
32.1
45. ?
36.9
46.8
05 M O N T H S
47.3
63.2
46.6
6 3.2
51.6
6C.5
C4 M O N T H S
53.9
68.8
52.1
7 1.5
59.9
66.9
C5 M O N T H S
71.3
75.1
65.2
77.3
7C.4
76.7
Ct M O N T H S
82.8
88.1
81.7
85.2
82.3
€5. C
07 H i M H S
85.3
9 1.5
85.7
89.C
85.2
€6.4
06 M O N T H S
89.6
92.8
89.3
91.4
87.9
SC.4
09 M O N T H S
92. 7
93.9
91.1
S3. C
90.4
92.2
1C M O N T H S
94.0
95.7
93.9
94.6
92.C
S3.9
11 M O N T H S
96.7
96.7
97.7
97.2
94.4
S5.3
12 C C N T H S
98.1
98.5
99.3
99.4
96.8
S7.C
1C0.0
100.0
100.0
1CC.C
1CC.0
1CC.C
CI K M H S
OVER
It
JLL
CHICAGO
3/
12 M C N T H S
INCLUDES O N L Y C E R T I F I C A T E S
BANKS.
IK O E N C M K A T I C K S
CF
$ 1 0 0 , 0 0 0 CR MCRE
ISSUtC BY
2/ N U M B E R OF D A Y S R E K A I M K G IN SURVEY f C K T h . T H I S PERIOC VARIES WlTF
F O L L O W I N G THE LAST W E D N E S D A Y OF THE k C K T h .
3/ N U M B E R
CF
F C M H S F C L L C k l KG TFE SURVEY
f-CKTh.
5. C
hEEKLY R E P O R T I N G
THE NUMBER OF
DAYS
•
#
TAEl E 26
M A T U R I T Y Ui i 1 H 0 L IICN CI- C U T S T A N C I H NkGCTIAELk TI^E C E R T I F I C A T E S OF DEPOSIT
AT «t E KL V R E P C R T I M i cANKS t'Y SIZE OF EANKS 2/
AS CF 3 1 JUL 196 =
(AMCUNTS U M L L ICI.S CF COLLARS)
1/
$ 1 8 1 L L I C N AND
CCS
MATURING
1968 JUL
IN
$20C
HLUCh
AND UNDER
TOTAL
31
$200 M L L ICS
TC
$500 MILLICN
-
PRIME
-
TOTAL
QLTSICE
NEW YORK
CITY
l\CN-PP IPE
C.C
C.C
0.0
0.0
2.6C6.5
1,If 1.4
786.5
636.6
990.6
7C9.1
0.0
0.0
AUGUST
A,iit.2
271.2
578 .9
SEPTEMBER
2 , 55 3.4
CCTCBER
2,SCC.6
174.6
379.4
569.6
1,777.C
NOVEMBER
1,622.9
72.5
221 .9
298. 1
1, 0 3 1 .5
C EC EM 8 ER
2,742.9
104.2
305.9
395.4
2,599.5
114.4
300.7
FEBRUARY
609.2
10.3
MARCF
6ft.6
APRIL
199.9
C.C
79 6 .6
446.4
657.C
3/
NEk YORK
CITY
C.O
2, 250. 1
659.9
550.4
7C6.8
410.3
391.C
384.1
1,938.4
l,C?2.7
546.0
319.7
463.1
1,721.2
668.6
665.6
367.1
65.2
ICS. 7
427.5
147.2
209.3
71.0
19.0
43.3
89.6
536.7
266.1
160.0
110.6
56C.6
23.5
52.3
86.1
396.S
196.C
133.C
69.9
MAY
24 7.6
13.8
35.7
59.5
238.6
tl.l
117.3
40.2
JUNE
5 5 f.6
10.2
36.7
98.C
413.7
164.C
183.1
66.6
JULY
439.1
18 .6
50. 9
115.3
254. 3
81.8
102.5
70.0
6.2
5 1.4
63.4
426.7
116.5
226.2
82.0
1 , C39.0
2,568.6
3, 819.6
14,021.2
6 .C36.9
4,931.5
3,050.8
1969 J A N U A R Y
AUGUST
OR LATER
5 6 7. 7
TOTAL *
21,44f.4
(MEMORANDUM:
TAX
256.4
AND CIVIDENC M A T U R I T I E S )
SEPTEMBER
10
2 56.1
5.2
13.8
26.4
208.7
125.9
55.7
27.1
SEPTEMBER
16
43C.2
16.2
24.7
66.7
312.6
169.3
65.5
57.8
37
7
12
18
(MEMORANDUM
263
r
$500 MILLION
TC
S 1 BILLION
OVER
91
NUMBER
85
OF BANKS )
5C
1/ I N C L U D E S C E R T I F I C A T E S IN O E N C M hA TI Ch S CF i 1 JO ,00 0 CM hCPF ISsJFC t'Y WEEKLY
2 / TOTAL D E P O S I T S AS R E P O R T E D I h. THE C A L L REPCRT CF CCNO IT 1 C h CN DECEMBER 3 1,
3/ P R I M E BANKS ARE T H O S E kHOSt Nt G C TI ABLE C E R T I F I C A T E S CF D E P O S I T ARE REGARCtO
R E P O R T E D 8 > D E A L E R S TO TRADE WI 1H1 ft 1 CP 2 BASIS PCI M S CF EACF CTFFR WITHIN
*
T O T A L S MAY NOT ADD DUE TO RCLNCIfu,.
•
s
#
s
#
#
REPORTING 3ANKS.
1965.
AS BEING O F THE H I G H E S T Q U A L I T Y AND
TFt SECONDARY M A R K E T .
#
#
hH I CH ARE
#
*
#
ABLE
/I/ CH NL0CTIA6LE TI^E C E R T I F I C A T E S CF CEPOSIT SINCE P R E V I O U S MCNTH
AT wEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 3/
AS CF 3 1 JUL 1968
(AMOUNTS I h M L L I C N S OF C O L L A R S )
39
2/
$1 B I L L I O N AND OVER
CCS
MATURING
1968 JUL
3200
M L L I CN
AN L LNCER
TOTAL
IN
$200 M I L 1 I C N $50 0 MILLION
TO
TC
$1 BILLION
$500 M L L I C N
TOTAL
GL1SICE
NEt YCRK
CI TY
NGN-PRIKE
NEW YCRK
CITY
31
115.7
156.3
211.1
714.4
316.C
187.2
209.2
6 S3. 3
50. 1
106.1
170. 1
567.C
277.5
135.7
153.8
1 ,45C.4
93.9
215.0
2 79.9
861.6
349.6
322.6
189.4
36.0
38.6
156.3
57.6
52.3
46.4
1,264.1
AUGUST
SEPTEMBER
OCTOBER
8• b
NOVEMBER
239.7
CECEMBER
679.2
29.0
85.2
102.9
662.1
354.7
221.2
86.2
1,942.7
90.2
217.4
348.9
1,286.2
5C4.9
503.8
277.5
1969 J A N U A R Y
FEBRUARY
2 5 7. 6
2. 1
2 3.1
29. 1
203.5
61.3
86.5
35.7
MARCH
392.4
6.3
12.3
26.7
347. 1
2C7.6
84.4
55.1
APR IL
235.0
5 .6
20.8
47.7
160. 9
94.9
27.7
38. 3
62.5
1.3
5.9
11.6
63.7
27.2
31.8
4.7
JUNE
214.5
2.7
18.0
35.6
158.2
67.2
69.4
21.6
JULY
OR LATER
546.C
21.3
61.7
127.2
335.6
116.3
128.0
89.5
6,391.6
426.3
9 57 .B
1,496.2
5, 516.6
2,456.8
1,850.6
i ,207.4
TAX
AND D I V I D E N D M A T U R I T I E S )
3.8
3.3
16.8
12.3
12
18
MAY
TOTAL
*
(MEMORANDUM:
SEPTEMBER
10
22.
SEPTEMBER
16
75.8
i
0.2
2.3
8.6
12.t
3.3
6.0
12.6
53.9
NUMBER OF
{NENCRANDUt:
263
91
2 §EI#ISiitPI^
4=
PRIME 4/
-
T O T A L S MAY NOT
ACC OLE
TC R C U N D I N G .
85
24.8
BANKS)
50
37
•"
TABLE
3C
MATURITY
D I S T R I B U T I O N CF CUTSTANCINC NEGCT I ABLE TIME C E R T I F I C A T E S OF
AT « E f < l Y REPEATING fcANKS BY S I Z E OF BANKS 2 /
AS CF 3 I JUL 1 9 6 8
PERCENTAGE D I S T R I B U T I O N
MATURING
IN
TOTAL
*200
MILLION
AND U N D E R
*200
MLLICN
TC
$500 M L L I C N
$500 MILLION
TO
$ 1 BILLION
1/
$1 B I L L I O N A N D
-
CC1S
DEPOSIT
-
PRIME
TOTAL
NEW YORK
CI TY
196 8 JUL
31
0. C
0. 0
OVER
3/
CITSICE
NEW Y C R K
CITY
NCN-PfilfE
0.0
0.0
C. C
0.0
0.0
20.9
19.8
26.1
22. 5
20.9
18.6
19.6
16.0
SEPTEMBER
16.6
19.2
17.4
17.2
16.0
1 6.4
14.4
OCTOBER
13.5
16.8
14.8
14.9
12.7
1C.9
14.3
13.4
NOVEMBER
7.6
7.0
8.6
7.8
7.4
6. 5
7.8
DECEMBER
12. E
10. 0
11.9
10.4
13.8
1 7. e
11.1
10.5
12.1
11.0
11.7
12.1
12.3
11.4
13.5
12.0
FEBRUARY
2.S
1.0
2 .5
2.8
3.0
2.4
4.2
2.3
MARCH
3.2
1.8
1.7
2.3
3.8
4.4
3.2
3.6
APR IL
2.6
2.3
2.0
2.3
2.8
3.2
2.7
2.3
MAY
1.6
1.3
1 .4
1.6
1.7
1.3
2.4
1.3
JUNE
2.6
1.0
1.4
2.6
3.0
2.7
3.7
2.2
JULY
2.0
1.8
2.0
3.0
1. £
1 .4
2.1
2.3
AUGUST
OR L A T E R
2.6
0. 6
2 .0
2.2
3.0
2. C
4.6
2.7
ICC. C
100.0
100.0
100.0
100.0
1CC.C
100.0
100.0
1969 J A N U A R Y
TOTAL *
1 l LrUnr!>UUr«
l«A
00
AUGUST
o
00
0 .0
HMU D I V I D E N D M A T U R IT IES)
SEPTEMBER
10
1.2
0.5
0 .5
0.7
1.5
2.1
1.1
0.9
SEPTEMBER
16
2.C
1.6
1 .4
1.7
2.2
3. 1
1.3
1.9
1/ I N C L U D E S C E R I I F I C A T E S IN D E N U M I N A 1 1 C N S CF $100 ,00 0 CP NO RE ISSUEC EY 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 A S R E P O R T E D IN THE C A L L R E P C R T CF C C N D I T I C N CN D E C E M B E R 3 1, 1 9 6 5 .
3/ P R I M E B A N K S A R E T H O S E W H O S E NEGC II A B L E C E R T I F I C A T E S CF D E P O S I T ARE REG/SRCEC AS B E I N G OF THE H I G H E S T
R E P O R T E D B Y D E A L E R S TO TRADE w I T H I N I CR 2 BASIS P O I N T S CF EACH OTHER W I T H I N TFE 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 O T ADD D U E TO R O U N D I N G .
http://fraser.stlouisfed.org/
# of St. Louis
Federal Reserve Bank
#
*
e
#
*
#
#
QUALITY
AND
#
WHICH
ARE
#
TAtLE
3L
M A T U R I T Y 0 I 5 1RIBIII IN Cf- CUTSTANCINC NEGCT IABLE TIME C E R T I F I C A T E S OF D E P O S I T
AT WEEKLY REPORTING EANKS BY SIZE OF BANKS 21
AS CF 31 JUL 1968
CUMULATIVE PERCENTAGE
1/
11 B I L L I C N AND OVER
CCS
MATURING
IN
TOTAL
1200
CILLICN
A M ) UMCEH
$200
MLLICN
TC
$500 M L I I C N
$500 M I L L I O N
TO
$1 BILLION
-
PRIME 3/
TOTAL
NEk YORK
CI IV
1968 JUL
31
CLTSICE
NEW YORK
CITY
NCK-PRINE
C.C
0. 0
0 .0
0.0
0.0
C.C
C. 0
0.0
AUGUST
IS. E
26. 1
22. 5
20.9
18.6
1 S. 6
16.0
20.9
SEPTEMBER
36.4
45.3
39.9
38.1
34.6
36.C
30.4
38.9
OCTOBER
4 9.9
62. 1
54.7
53.0
47.3
46.9
44.7
52.3
NOVEMBER
57.5
69.1
63.3
60.8
54.7
53.4
52.5
60.7
CECEMBER
1C.3
79.1
75.2
71.2
68.5
71.2
63.6
71.2
62.4
90.1
86.9
83.3
80.8
82.6
77.1
83.2
FEBRUARY
65.2
91.1
89.4
86.1
83.8
65.C
81.3
85.5
MARCH
66.4
92.9
91.1
88.4
87.6
89.4
84.5
89.1
APRIL
91.C
95.2
93.1
90.7
90.4
92.6
87.2
91.4
MAY
92.6
96.5
94.5
92.3
92.1
S3.S
89.6
92.7
JUNE
95.2
97.5
95.9
94.9
95.1
96.6
93.3
94.9
JULY
47.2
99.3
97.9
97.S
96.9
S6.C
95.4
97.2
1CC.C
100.0
100.0
100.0
100.0
ICC.C
100.0
100.0
1969 J A N U A R Y
AUGUST
OR LATER
1/ INCLUDES C E R T I F I C A T E S IN D E N O M I M TIC N S CF 1100,000 CR fCRE ISSUEC EY W E E K L Y R E P O R T I N G B A N K S .
2/ TOTAL D E P O S I T S A S R E P O R T E D IN THE CALL REPORT CF CChC ITI CN CN CECEMEER 31, 1 9 6 5 .
3/ P R I M E BANK S ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S CF 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
R E P O R T E D BY D E A L E R S TO TRADE kl THIN I CR 2 BASIS POINTS CF EACF OTHER WITHIN THE SECONDARY M A R K E T .
WHICH ARE
TAGLE
2E
SALES
n I Cf
fxEGLl I * l LI T I N E C E R T I F I C A T E S CF [EPOS IT SINCE P R E V I O U S
AT W E E K L Y R E P E A T I N G BANKS BY S I Z E O F B A N K S 3/
AS CF 3 1 JUL 1968
PERCEhTAGE DISTRIBUTION
MONTH
2/
SI B I L L I O N A N D
MATURING
1968 J U L
IN
TOTAL
$500 MILLION
TO
$ 1 BILLION
$200
1200
CCS
M LLICN
ANC LNCER
NLLICN
TC
$500 N ILLICN
PRIME
OVER
4/
N E W YORK
CITY
CUTSICE
NEW YCRK
CI TY
TOTAL
NCN-PRIfE
21
ALCLST
15,1
27. 1
16.3
18.6
12.9
12.S
10.1
17.3
SEPTEMBER
1C.6
11.7
11.1
11.4
10.3
11.3
7.3
12.7
OCTOBER
17.3
22. 0
22.4
18.7
15.6
14.2
17.4
15.7
2. C
3.8
2.6
2.8
2.3
2.8
3.8
6. 8
8.9
6.9
12.0
14.4
12.0
7.1
NOVEMBER
2.9
CECEMBER
1C.5
23.1
21.1
22.7
23.3
23.3
2C.5
27.2
23.0
FEBRUARY
3.1
0.5
2.4
1.9
3.7
3.3
4.7
3.0
MARCH
4.7
1.5
1.3
1.8
6.3
8.4
4.6
4.6
APRIL
2.E
1.3
2 .2
3.2
2.9
3.9
1.5
3.2
MAY
l.C
0.3
0.6
0.8
1.2
1.1
1.7
0.4
JUNE
2.6
0.6
1.9
2.4
2.9
2.7
3.8
1.8
JULY
OR L A T E R
6.5
5.0
6.4
8.5
6.1
4. 6
6.9
7.4
1CC.C
100.0
100 .0
100.0
100.0
ICC.C
IOC. 0
100.0
1969 J A N U A R Y
TOTAL
*
--
(MEMORANDUM:
TAX
AND
DIVIDEND MATURITIES)
SEPTEMBER
10
C.3
0.0
0.2
0.6
C.2
C.2
C.2
0.3
SEPTEMBER
16
C.9
0.8
0.6
0.8
1.0
l.C
0.9
1.0
(PEFCRANCUH
263
91
NUMBER
85
OF
BANKS )
5C
1/ S E E 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 G M K A I I C K 5 CF 1100 ,000 CR fCFE ISSUEC EY W E E K L Y R E P O R T I N G B A N K S .
3/ T O T A L D E P O S I T S A S R E P O R T E D IN THE C A L L RE PL RT CF C C N C I T I C N CN C E C E M B E R 31, 1 9 6 5 .
4/ P R I M E E A N K S A R E T H O S E kHUSE NEGC U ABLE C E R T I F I C A T E S CF C E F C S IT ARE R E C A R E E C AS BE INC 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 TRADE W I T H I N 1 CR 2 BASIS P O I N T S CF EACH CTHER W I T H I N TFE 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 O T A G O CLE TC R C L N D I N G .
18
12
37
QUALITY
AND
WHICH
ARE
*
•
•
»
»
»
+
%
•
»
T ABLE 4A
/V EPAC-E MATURITY
4
CF
OUTSTANDING
NEGOTIABLE
AT
WEEKLY
TIME C E R T I F I C A T E S OF
REPORTING
AT V A R I O U S
SURVEY
DEPOSIT
1/
BANKS
DfTES
( IN M O N T H S )
DATE O F
BANK
SURVEY
CLASSIFICATION
31 JUL
2 6 -J UN
1968
29 M A Y
1966
1968
( 6 Y L O C A T ION )
ALL
REPORTING
BANKS
3.8
3.3
3.1
3.8
3.1
2.6
CHICAGO
4.0
3.2
3.0
OIHER
3.8
2.3
3.3
ISSUING
NEW
CD 1 S
Y O R K CI IY
(BY
B A N K ) 2/
3.0
2.7
2.7
S2CC-S5C0 MILLION
3.4
3.C
2.S
S5CC-S1 ,000
3.7
3.2
3.1
4.0
3.4
3.1
3.8
3. 1
2. 6
4.3
3.8
3. 7
3.7
2.2
3.1
UNDER
OVER
I2CC
MILLION
MILLION
SI B I L L I O N
PRIME
IN N E W Y O R K
PRIME
0L15IDE
C IT Y 3/
NEW Y O R K
CITY
3/
NON-PRIME
1/
INCLUDES CERTIFICATES
2/
TOTAL
DEPOSITS AS REPORTED
3/
PRIME
WHICH
BANKS ARE THOSE
A R E R E P O R T E D BY
S I Z E OF
IN D E N O M I N A T I O N S
IN
IKE
CALL
WHOSE N E G O T I A B L E
D E A L E R S 1C T R A D E
OF
$100,000
REPORT
CF
OR
PORE
ISSUED
C C N C I T I O N ON
EY W E E K L Y R E P O R T I N G
CECEMBER
31,
BANKS.
1S65.
C E R T I F I C A T E S OF CE PCS IT ARE R E G A R D E D AS B E I N G O F THE H I G H E S T Q U A L I T Y AND
WITHIN i OR 2 8 A S I S PC I NT S OF EACH C T F E R W I T H I N THE S E C O N D A R Y M A R K E T .
+
TABLE 48
AVtRACE MATURITY
CF
NEGCT IABLE TIf.E CERTIFICATES OF
SULD BY WEEKLY
REPORTING
CEPOS IT 1/
BANKS
OLfilNO THE l»CNTF CF VARIOUS SURVEYS
( I N MONTHS)
GATE OF
BANK C L A S S I F I C A T I O N
31
JUL
1968
26-JUN
SURVEY
IS66
29 MAY
1968
I BY L O C A T I O N )
ALL
REP0R7ING
BANKS
4.4
3.8
3. 5
4.5
4.1
3.6
CHICAGO
4.9
4.2
4.1
OTHER
4.3
w
o
I 5 SLING CC'S
3.4
NEW
YORK CIIY
(BY SIZE OF
UNDER
S2GC MILLION
$2CC-*5CC
MILLION
$5CC-S1,GCC
OVER
SI
MILLION
BILLION
PRIME
IN NEW
YORK CITY 3/
PRIME
CL1 SIDE NEk YORK CITY
3/
NON-PRIME
IN D E N C M N A T I C N S
3.1
2. e
4.0
3.2
3.2
4.2
2.5
3.3
4.6
4.1
3. 1
4.6
4.1
3.5
4.9
4.4
4.2
4.3
3.4
3.3
INCLUDES C E R T I F I C A T E S
2/
TOTAL D E P O S I T S AS R E P O R T E D
3/
P R I M E B A N K S ARE THCSt WHOSE NEGCTIABLE CERTIFICATES CF DEPOSIT ARE REGARCEC AS BEING OF THE H I G H E S T QUALITY AND
k U C h ARE R E P O R T E D BY DEALERS TC TRACE M T U N 1 CR 2 BASIS POINTS OF EACH CTFER WITHIN THE SECONDARY MARKET.
N O T E — S E E T E C H N I C A L A P P E N D ! > b.
http://fraser.stlouisfed.org/
IFederal Reserve Bank
# of St. Louis
#
*
$100 ,000 CP
3.3
1/
IN
CF
BANK) 2/
f C Ft £ ISSUED BY WEEKLY REPORTING
THE CALL fiFPCRT CF CCNCITJCN CN
#
0
[EC EMBER
#
BANKS.
3 1, 1965.
#
#
e
#
I
I
#
»
•
»
•
T4ELE
'
RAHC
CF
CLTSTAKCl.NG
AT VARIOUS
(PER
C E R T I F I C A T E S OF O E P U S I T
TCTAL D E P O S I T S 2/
M I L L I O N S CF C O L L A R S I
ALL
BANKS
CD'S
31 JUL
SURVEY
DATES
CENT)
2 c. MA Y 1 S 6 8
1968
10.1
S.3
S.6
7.0
6.5
6.6
20C -
5CC
8.4
6.C
8.4
50C -
1CCC
9.9
9.2
5.4
10.9
1C.C
1C.3
12.2
11.3
11.7
9.3
8.3
e.6
11. 7
10.9
11.3
1CCC
PRIME
IN NEk
PRIME
C U T SIDE N E W
1/
INCLLOES C E R T I F I C A T E S
2/
TOTAL
YORK
3/
Y O R K 3/
I K DENOMINATIONS
AS R E P O R T E D
B A N K S ARE THOSE
A R E R E P O R T E D BY
IN
THE CAIL
WHOSE NEGOTIABLE
D E A L E R S TO TRACE
CF
$100,000
REFCPT
CF
CP
MORE
CCNCITICN
ISSUEC
CN
EY W E E K L Y R E P O R T I N G
C EC EM 6 ER
31,
BANKS.
1S6 5.
C E R T I F I C A T E S CF D E P O S I T 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 C L A L I T Y AND
h I T H I h 1 CF 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .
D E P O S I T S IN THE D E N O M I N A T O R OF THE R A T I O
I N T E R B A N K A N D L . S . GCVrEFNMENT C E P C S I T S .
26 J UN
I SiLl NG
MCNPR1ME
NOTE-
1968
SURVEY
2LC
DEPOSITS
#
1/
UNDER
OVER
3/ P R I M E
WHICF
•
DEPOSITS
CAT E O F
(IN
•
5A
f\ EGCT I A EL E T I M E
TC TCTAL
(
IN T H I S T A B L E
ARE T O T A L
[EM AND A N D
TIME D E P O S I T S , INCLUDING
T £ EL t 58
WAUC
CF C U T S T A k C I N C
NtGCT IA t? I E TIME. C E R T I F I C A T E S OF DEPOSIT
1/
T C TCTAL D E P O S I T S
AS
CF 31 JUL
1968
( MJfrtiERCF B A N K S )
TOTAL
(IN
D E P O S I T S 2/
Ml LLC CNS O
ALL B A N K S
CD'S
5i
OR
LESS
UCLLAR S)
5
TC
10%
10
TC
153
15
TO
20%
2C
TO
25%
251
OR
MORE
AVERAGE CD
TO D E P O S I T
RATIO (PER C E N T )
ISSUING
93
71
61
2C
14
4
1C.1
UNDER
200
43
28
11
4
4
I
7.0
200 -
500
34
17
21
8
2
2
8.4
500 -
1CCC
13
15
14
3
4
1
9.9
3
11
15
5
3
C
10.9
0
1
5
1
0
0
12.2
1
7
1
2
1
0
9.3
2
3
9
2
2
0
11.7
OVER
1CCC
PRIME
IN NEVi VCRK 3/
PRIME OUTSIDE
hEW
YCFK
3/
N O N P R I ME
1/ I N C L U D E S C E R T I F I C A T E S
2/
IN D E N C M N A T I C N S
TOTAL D E P O S I T S AS R E P C R T t D
IN THE CALL
CF
$100,000
PEPCRT
CR MORE
1SSUEC EY WEEKLY R E P O R T I N G B A N K S .
CF CONDITION ON
CECEMBER
3 1, 196*.
3/ P R I M E B A N K S ARE THCSE wHCSE N E G C T I A B L E C E R T I F I C A T E S CF DEPOSIT ARE R E G A R D E D A S BEING OF THE H I G H E S T CLfLITY AND
W H I C H ARE RE PORTED BY D E A L E R S TO TRADE W I T H I h 1 CR 2 BfSIS P O I N T S 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
I N T E R B A N K A N D V. S. G O V E R N M E N T OEPCS ITS .
IN THIS TABLE
ARE TOTAL
CEMAND AND TIME D E P O S I T S , I N C L U D I N G
»
#
e
*
#
#
TABLE
PER
CEN1 CHANGE
IN C L T S T A N C I N G
26 J U N
(NUMBER O f
DECLINES
TOTAL
DEPOSITS
{ IN M I L L I O N S
ALL
BANKS
CD'S
REDUCED
C D ' S TC
ZERO
2/
GF D O L L A R S )
TIME
31 JUL
C E R T I F I C A T E UF D E P O S I T
/I
EANK S I
I N C R E A S E S OF
CF
5 TC
10%
*
I960
— — — — — —
10% CR
MORE
*
5C
NEGCT1ABLE
1968 TO
#
#
$
5% OR
LESS
NO
CHANGE
5% OR
LESS
—
5 TO
10%
—
ICS OR
MORE
ISSUING
I S S L E D C C S BUT
H A D NCNE CUT ST AND—
ING ON BASE D A T E
1
13
20
27
17
41
3£
1C8
0
UNDER
200
0
6
7
11
7
15
12
33
0
200 -
500
1
5
11
6
8
11
16
29
0
500 -
1CCC
0
1
2
6
2
1C
5
24
0
0
1
0
4
C
5
5
22
0
0
0
0
1
C
1
2
3
0
0
0
0
1
C
2
1
e
0
0
1
0
2
0
2
2
11
0
OVER
1GCC
PRIME
IN N E b
PRIME
OUTSIDE
YCRK
NEW
3/
YORK
3/
NONPRIME
1/
INCLUDES CERTIFICATE?
2/
TOTAL
IN D E N C P I N A TICN S CF
DEPOSITS AS REPORTED
IN THE
CALL
3/ P R I M E B A N K S A R E T H O S E W H C S E N E G O T I A B L E
W H I C H A R E R E P O R T E D b > D E A L E R S TO T R A C E
NOTE-
$100 ,000
PEPCRT
CF
CF
MORE
CCNCiTION
ISSUEC
ON
BY
WEEKLY REPORTING
C EC EM 6 ER
31,
BANKS.
1965.
C E R T I F I C A T E S CF D E P O S I T A R E R E G A R D E D A S B E I N G OF THE H I G H E S T C l A L t T Y AND
W I T H I N 1 CR 2 BIS IS P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .
T H E N U M B E R OF B A N K S IN THIS T A B L E D I F F E R S FKCI» T H C S E IN .MOST O T H E R T A B L E S TO THE E X T E N T T H A T
HAD O U T S T A N D I N G C D ' S O N THE L A S T S U R V E Y R E D U C E D T H E I R U U T S T A N C I N G S TO Z E R O O N T H I S S U R V E Y .
BANKS
THAT
TfELt
PtR
CEN1
CHANGE
IN O U T S T A N D I N G
2 4 APR
5C
NEGCTlAtiLE TIME C E R T I F I C A T E OF D E P O S I T
1968 TO
31 JUL
(NUMBER OF
DEPOSITS
TOTAL
(IN
ALL
MILLIONS
BANKS
CC S
REDUCED
CO1 S 25%
TO
OR
ZERO
MORE
/2
OF D O L L A R S )
ISSUING
DECLINES
ro
20 %
1968
EANKS)
I N C R E A S E OF
CF
5
TC
10%
10
TC
152
15
JO
TO
25*
Z1
51
OR
LESS
NO
CHANGE
5%
OR
LESS
5
TO
10%
10
TC
15%
20
15
TO
20%
251
OR
MORE
10
25%
ISSUED
C D ' S BUT HAC
NONE
OUTSTANDIhG
CN B A S E D A T E
4
16
6
8
12
19
2C
20
2C
29
26
IS
12
6C
4
UNCER
20C
3
S
4
3
J
5
5
10
6
5
7
5
2
28
2
200 -
5CC
1
6
2
4
5
7
9
7
6
9
8
6
2
15
0
500 -
1000
0
1
0
0
4
2
3
3
1
7
6
6
5
12
2
C
C
0
1
0
5
3
C
5
8
5
2
3
5
0
c
C
0
0
0
1
C
0
2
2
1
1
C
C
0
c
C
0
0
0
1
2
C
2
1
2
C
C
4
0
C
U
0
I
0
3
1
0
1
5
2
1
3
1
0
OVER
1000
PRIME
IN N E W
YORK
PRIME OUTSIDE NEW
3/
YORK
3/
N O N P R IME
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 C M I N A T I G N S
2/
TOTAL
DEPOSITS
A S R E P C R TED
3 / PR IME B A N K S A R E T H O S E
W H I C H ARE R E P O R T E D BY
NUTE-
IN THE
CALL
CF
$100 ,000
REPEAT
CR
MCRE
ISSUEC
CF C O N D I T I O N ON
EY W E E K L Y R E P O R T I N G
DECEMBER
BANKS
•
3 1, 1965 •
H I G H E S T C L A L I T Y AND
k H C S E N E G O T I A B L E C E R T I F I C A T E S CF DEPOSIT ARE REGARDED AS B E I N G OF THE
D E A L E R S TO TRADE W I T H I N 1 CP 2 G 4 S I S P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
THE N U M B E R CF B A N K S IN THIS T A B L E D I F F E R S F R CM T H O S E IN M O S T O T H E R T A B L E S TO THE E X T E N T THAT
HAD O U T S T A N D I N G C D 1 S O N THE SURVEY T H R E E f C N T H S FRICF TO THE CLRR ENT S U R V E Y , R E D U C E D T H E I R
OUTSTANDINGS
TC Z E R C .
BANKS THAT
•
•
•
•
•
•
i
i
»
t
TABLE 5E
CHANGE
IN OUTSTANDING
OVER THE
N E G O T I A B L E T 1ML C E R T I F I C A T E S OF D E P O S I T
iVChT H AS
M
THE
26
A PER
BEGINNING
JUN
1963 TC
(NUfGEP CF
TOTAL D E P O S I T S 2 /
( IN M I L L I O N S OF
ALL
WANKS
CD'S
CECLINES
JCLLAR S)
3*
AND
CVER
ISSUING
2
TC
3%
CENT O F
1/ «
TOTAL D E P O S I T S
CF THE PER IOC
31 JUL
1968
EANKS)
CF
INCREASES CF
1
TC
2%
U
/INC
LESS
NO
CHANCE
1%
AND
LESS
1
TO
2%
2
TO
3%
3%
AND
OVER
0
1
4
55
16
99
50
22
16
UNDER
2CC
0
0
1
23
7
4C
12
4
4
200 -
5CC
0
1
3
18
7
34
14
3
5
500 -
1000
0
0
0
9
2
16
13
6
4
0
0
0
5
0
9
11
9
0
0
0
1
0
1
0
0
0
1
OVER
10 CO
PRIME
IN NEW
PRIME O U T S I D E
YCRK 3 /
NEW
YORK
3/
NONPRI ME
1/
INCLUDES C E R T I F I C A T E S
0
0
IN D E N O M I N A T I O N S
2/ TOTAL D E P O S I T S A S R E P O R T E D
0
3
CF $ 1 0 0 , 0 0 0
IN THE CALL REPORT
0
5
C
CR MORE
3
3
3
ISSUEC
CF C O N D I T I O N ON
2
0
1
5
6
BY WEEKLY R E P O R T I N G
CECEMBER
3
2
1
BANKS.
31, 1965.
3/ P R I M E B A N K S ARE THOSE WHOSE NEGOTIABLE CERTIFICATES CF DEPOSIT ARE R E G A R D E D A S BEING CF THE H I G H E S T QUALITY AND
WHICH ARE Rb P O R T E D BY D E A L E R S TC TRACE WITHIN 1 CR 2 BASIS POINTS O F EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-
D E P O S I T S IN THE D E N C V I N A T C R CF THE RATIO
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .
IN THIS TABLE ARE TOTAL
CEMAND AND
TIME D E P O S I T S , INCLUDING
T A EL t 5 F
CHANGE
CVER
IN O U T S T A N D I N G
NEGCTI ABLE TIME
CERTIFICATES OF D E P O S I T
THE
PC NT HS AS A PER
CENT OF
LAST T H R E E
AT THE
1968 TC 31 JUL
( MJfrbfcP CF
DEPOSITS
BANKS
CC'S
1S68
BANKS)
I N C R E A S E S CF
D E C L I N E S CF
2/
5%
AND
OVER
(IN M I L L I O N S LiF D O L L A R S )
ALL
TOTAL D E P O S I T S
EEC-INNING OF THE PER IOC
2 4 APR
TOTAL
1/
3
TC
4%
4
1C
51
ISSUING
NO
CHANCE
1%
AND
LESS
1
TC
2%
2
TO
3%
1%
AND
UNDER
5%
AND
OVER
4
TC
5*
3
TO
4%
2
TC
3%
1
TO
2%
1
1
5
5
15
54
12
64
45
29
19
5
4
UNCER
20C
1
C
2
1
6
19
5
25
10
7
8
3
2
2CC -
5CC
C
1
2
4
5
21
6
19
16
5
4
1
I
50C -
100C
0
0
i
0
4
5
1
1C
14
6
5
1
1
c
0
0
0
0
9
C
1C
5
11
2
0
0
c
0
0
0
0
1
c
4
C
2
0
0
0
C
0
0
0
0
3
c
4
c
4
1
0
0
C
c
0
0
u
5
c
2
5
I
0
0
OVER
100C
PRIME
IN NEW
YORK
PRIME OUTSIDE NEW
NONPRIME
1/
3/
YORK
3/
INCLUDES C E R T I F I C A T E S
I N DE N C M NATI CNS CF
2/ TOTAL D E P O S I T S AS R E P O R T E D
IN THE CALL
$100,000
PEPCPT
CP MORE
ISSUEC BY WEEKLY R E P O R T I N G
CF CCNC IT IGN ON
CECEMtiER
BANKS.
3 1* 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 CF DEPOSIT ARE REGARDED A S B E I N G OF THE H I G H E S T C W 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 CF 2 EZSIS P O I N T S OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE-
http://fraser.stlouisfed.org/
• of St. Louis
Federal Reserve Bank
D E P O S I T S IN THE D E N O M I N A T O R OF THE RAT 10 IN THIS T A B L E
INTERBANK AND U.S. G O V E R N M E N T D E P O S I T S .
#
#
#
#
ARE TOTAL
$
DEMAND AND TIME D E P O S I T S , I N C L L O I N G
#
e
#
e
TABLE
>
MATUkII>
6A
C F UUTSTANC I h ( NEGOTIABLE TIME
AT W E E K L Y R E F L A T I N G B A N K S
EY FELEFAL R E S E R V E D I S T R I C T
L) I S T R I H L T T C N
fS CP 31 JUL
( AMCUNTS
C C S M A T U R INC
IN
AIL
DISTRICTS
BCSTCN
C.O
0.0
AUG
4254.9
SEP
1/
1968
I h MLLICNS
OF
COLLARS)
SAN
FRANCISCC
ST.
LOU S
MININEAPOLIS
KANSAS
CI IV
0.0
O.C
0.0
0.0
123.0
478.0
7 7. E
47.9
95.8
321.4
694.6
87.0
123.6
554.6
65.9
46.7
78.6
204. 1
483.9
197.7
68.0
92.2
425.2
53.C
48.8
92.6
210.4
486.2
42.7
126.8
36.3
57.5
2 17.5
4C.2
16.9
28.8
98.3
321.2
1271.5
56.7
147.1
58.1
69.1
346.4
50.7
53.8
56.8
155.8
345.1
1C3.3
904.2
58.2
173.8
29.1
7C.1
390.9
29.3
51.7
63.9
265.8
459.2
6(9.2
29.2
186.9
12.0
56.5
11.2
17.7
98.6
17.7
11.2
5.C
27.0
136.2
MAR
666.4
33.3
3C6.5
38.2
27.7
6.8
15.3
92.6
8.9
2.8
6.1
35.5
114.7
APR
561.C
26.6
234.8
18.7
56.7
9.4
6.1
61.7
28.5
5.8
7.2
28.8
76.7
MAY
347.6
16.8
105.1
9.7
17.4
4.C
8.6
73.8
1C.5
1.2
4.3
18.7
77.5
JUN
559.C
45.6
203.4
28.0
64.0
3.6
16.8
82.2
9.3
3.6
8.2
25.9
68.4
JUL
439.1
14.1
120.0
22.1
71.3
2.3
23.9
50.4
5.3
4.6
11.1
45.3
68.7
AUG O R L A T E R
567.6
35.5
156.1
24.3
172.0
10.3
18.4
61.1
2.6
3.0
2.5
37.2
44.6
21446.5
12 8 4 . 3
7893.8
647.9
1624.7
4 10.6
642.3
2933.C
399.7
3CC.1
460.9
1474.2
3377.0
AVERAGE MATURITY
IN M O N T H S 2/
3.8
3.5
3. 7
4.0
4.8
3. 2
3.7
3.8
3.6
3.3
3.8
3.7
NUMBER
BANKS
263
17
48
10
1S
16
21
36
21
25
34
PHILADELPHIA
CLEVELAND
R ICHMONC
ATLANTA
0.0
0 .0
0.0
0.0
0.0
245.9
1646.4
138.4
299.2
84.5
3553.3
217.9
1356.3
120.2
214.5
OCT
29CC.9
257. 5
890.6
78.7
NOV
1624.C
125.8
510.U
CEC
2 743.9
132.8
1969 J A N
25SS.5
FEB
1 9 6 8 JUL
TOTAL
31
*
OF
YCPK
REPORTING
1/
INCLUDES O N L Y
CERTIFICATES
2/
SEE T E C H N I C A L
APPENDIX
*
NEW
C E R T IE ICA TES OF D E P O S I T
DETAILS MAY NOT
ADD
TC
ISSLfcO
IN O E N C N N 4 T I C N S
6.
TOTALS
OLE
TC R C I N O I N G .
CF 3 1 0 0 , 0 0 0 OR M O R E
CHICAGO
3. 1
BY W E E K L Y R E P O R T I N G
11
BANKS.
DALLAS
0.0
0 .0
T AdLE 6E
1 /
SALLS OF NEGOTIABLE
2/
C E R T I F I C A T E S CF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING bANKS
EY F E L E R / L RESERVE D I S T R I C T
TINE
AS
(AMOUNTS
C t • S rtATUR ING
1966
ALL
DISTRICTS
IN
AUG
145C.5
PHI LACELPH I A
IN
M L L IONS
CLEVELAND
H68
CF
COLLARS)
RICHMOND
ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
141.6
S Ah
FRANCISCO
29. 1
44.3
99 .5
19.C
6.3
24.1
43 .9
15.9
34. E
96 .9
15.9
7.7
18.6
39.7
.8
131 .1
62 .4
28. 3
49.7
206 .3
28.7
26.9
58.3
83.9
2 5 3 .5
13
.2
5.0
19.1
24 .7
5.9
2.2
2.9
11.3
5 6 .3
11.2
13. C
16.1
50.0
1 7.3
38.1
45.4
221.9
1.4
7.7
2.4
9.3
o.e
2.4
0.6
14.3
20.2
5.1
3.4
7.8
32
86.2
521.1
16.9
53
52.9
406.9
29.3
115.6
479.3
35.6
73 .2
4.1
64 3. 6
OCT
.2
NOV
234. 9
22. 0
DEC
t?<. 0
50.9
3 94.7
15.1
41
.2
10.6
21. 1
138
283 .7
.1
222
117
.0
1969 JAN
1942.7
71.2
674.1
32.8
133
.6
22.6
52.7
FEB
257.4
5.9
93.6
6.5
36
.6
0.6
1.6
40
MAR
392. 3
21.2
222.2
16.2
4
.6
0.7
5.9
4 9 .5
APR
235. 1
5.6
121.2
12.4
4
1.2
2.2
18
MAY
62.4
6. 1
31.7
0.8
0. 3
C.5
14 .3
2.1
C.2
0.5
1.4
19 .9
J UN
214. 7
7. 1
78.4
7 .8
1.5
8.4
39 .9
5.2
1.7
5. 7
15.3
9 .4
546. C
36. 8
4.1
7.6
13.6
64.5
5 6 .3
6391.7
463.5
4.4
3. 9
JUL
TOTAL
OR L A T E R
*
AVERAGE MATURITY
IN M O N T H S 3/
1/
SEE
2/
INCLUDES ONLY
CERTIFICATES
3/
SEE
APPENDIX
*
BOSTON
1264.1
SEP
NEW
YORK
CF 3 1 JUL
TECHNICAL
TECHNICAL
DETAILS MAY NOT
.6
2 .6
34 .3
.2
.6
.6
ADO
TO
5 3 .9
.8
.0
2.6
23.4
3258.4
197.8
537
.2
1 18.6
263.7
1 C 79.3
131.8
12C.9
191.6
661.0
1353 .9
4.3
5 .0
3. 1
4.1
4.7
4.3
4.6
4. 1
4.5
4.0
IN O E N C M N A T I O N S
TO
.6
87
6.
TOTALS OLE
51
2 0.3
I 62. 0
5. \
67
A P P E N C IX A .
ISSLEU
3 4 9 .3
ROUNCING.
CF
$ 1 0 0 , 0 0 0 CP M O R E
EY W E E K L Y
REPORTING
BANKS,
TftLE
^ATUHI T V CI S 1 R I B L 7 ICN
bC
GF OUTSTANDING NfcGGT IA8L E TIME
AT WEEKLY
tfEFLRTING
BANKS
BY FECEF/5L FESERv E C i S T R I C T
AS GF 3 1 JUL
(PERCENTAGE
CCS
MATURING
IN
ALL
DISTRICTS
BOSTON
NEW
YORK
CERTIFICATES
OF D E P O S I T
1/
1968
CISTR I E U T I Q N )
PHI LADELPHI A
CLEVELAND
R ICFMONO
ATLANTA
CHICAGO
ST.
LOUIS
MIINNEAPOLIS
KANSAS
CI TY
DALLAS
SAN
FRANCISCC
C. G
0. 0
0.0
0 .0
0.0
0.0
0.0
0.0
0.0
C.O
C. 0
0.0
0.0
AUG
is. e
19. 1
20.9
21.4
18. 4
2C.6
19.1
16.3
19.5
16. C
2 C. 8
21.8
20 .6
S EP
16.6
17.0
17.2
18.6
13.2
21.2
19.2
18.9
16. 5
15.6
17.1
13.8
14.3
OCT
13.5
20.0
11.3
12.1
12.2
16.6
14 .4
14.5
13.3
16.3
20.1
14.3
14.4
NOV
7.6
9.8
6.5
6.6
7.8
8.8
9.0
7.4
1C.I
6.3
6.2
6.7
9.5
[EC
12. ti
10.3
16. 1
8.8
9 . 1
14.2
lC.fi
11.8
12. 7
17.S
12.3
10.6
10.2
7.3
17.2
13.9
18.0
13.6
1 9 6 8 JLL
31
1 9 6 9 JAN
12. 1
8. 0
11.5
9 .0
10.7
7.1
10.9
13.3
FEB
2.8
2.3
2.4
1.9
3.5
2.7
2 .8
2.4
4. 4
3.7
1.1
1.8
4.0
MAR
3.2
2.6
3.9
5 .9
1.7
1.7
2.4
3.2
2.2
C.S
1.3
2.4
3.4
APR
2. 6
2. 1
3.0
2.9
3.5
2.3
C.9
2.1
7.1
1.5
1.6
2.0
2.3
MAY
1.6
1.3
1. 3
1.5
1.1
1.0
1.3
2.5
2.6
C.4
0.9
1.3
2*3
JUN
2.6
3.6
2.6
4.3
3.9
0.9
2.6
2.8
2.3
1.2
1.8
1.8
2.0
JLL
2.0
1. 1
1.5
3.4
4.4
0.6
3.7
1.7
1.3
1.5
2.4
3. L
2*0
2.6
2. 8
2.0
3 .8
10.6
2.5
2.9
2.1
0.7
l.C
0.5
2.5
1.3
ICC. c
100.0
100.0
100.0
100.0
100.0
1CC.C
1CC.C
1C0.C
1CC.C
100.0
100.0
100.0
ALG UK
TOTAL
1/
LATER
*
INCLUDES ONLY CERTIFICATES
I SSLED
IN D E N C H NATI CNS
OF
$ 1 0 0 , 0 0 0 GF M O R E
EY W E E K L Y R E P O R T I N G
BANKS,
TABLE 6 C
NAILkITV
01 5TRIB 111CN
tH
C U T S T A N C I h C KECCT IABLE TIME
AT W E E K L Y R E P O R T I N G BANKS
BY F E C E F A L R E S E R V E [ [ S T R I C T
AS
CF
31 JUL
(CUMULATIVE
CC« S M A T U R I N G
IN
ALL
DISTRICTS
8C5TCN
NEVi
YCRK
C. C
0.0
0.0
AUG
1 9. 8
19. 1
20.9
SEP
36.4
36. 1
OCT
49.9
NOV
PHILADELPHIA
0 .0
C E R T I F I C A T E S OF D E P O S I T
1968
PERCENT £GE)
CLEVELANC
R ICt—
MUND
ATLANTA
0.0
C.C
21.4
1 6.4
20.6
19.1
38. 1
4 0 .0
31.e
41.8
56. 1
49.4
52.1
43.8
57. 5
65.9
55.9
58.7
CEC
7C.3
76.2
72.0
1969 JAN
€2.4
84.2
FEB
6 5.2
MAR
1968 JUL
31
0.0
CHICAGO
0.0
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRAhCISCC
0.0
c. c
0.0
0.0
0.0
16.3
19. 5
16. C
20.8
21.a
20.6
38.3
35.2
36.0
31.6
37.9
35.6
34.9
58.4
52.7
49.7
49.3
47.9
58.0
49.9
49.3
51.6
67.2
61.7
57.1
59.4
54.2
64.2
56.6
58.8
67.5
60.7
81.4
72.5
68.9
72. 1
72.1
76.5
67.2
69.0
83.5
76.5
7 1.4
88.5
63.4
82.2
79.4
89.3
90.4
85.2
82.6
86.5
85.9
78.4
74.9
91.2
86.2
85.6
83.8
93.C
91.5
87.0
86 .6
ee.4
89. 1
89. 8
84.3
76.6
92.9
88.6
68.8
86.C
93.9
92. 8
89.4
90.0
APR
91. C
91.2
92.8
87.2
80. 1
95.2
69.5
90.9
S3. 1
95.6
94.4
91.4
92.3
MAY
92.6
92.5
94. 1
88.7
31.2
96.2
90.8
93.4
9 5. 7
96.2
95.3
92.7
94.6
J UN
9 5.2
96. 1
96.7
93.0
85. 1
97. 1
93.4
96.2
98.C
97.4
97.1
94.5
96.6
JUL
9 7.2
S7.2
98.2
9 6 .4
89.5
97. 7
97.1
97.9
99.3
98.9
99. 5
97.6
98.6
ICC. C
1C0.0
100.0
100.0
100 .0
100.0
1CC.C
1C0.0
1CC.0
1CC.C
100.0
100.0
100.0
OR M O R E
EY W E E K L Y R E P O R T I N G
AUG OR LATER
1/
1/
INCLUDES ONLY C E R T I F I C A T E S
I 5 SLED
Ih DENCMMTICfsS
CF
$100,000
BANKS.
1/
SALES tf
TABLE
6E
2/
NEGCTlArUh TIP-E C E R T I F I C A T E S CF CEP0S1T SINCE P R E V I O U S M O N T H
WEEKLY REPORTING BANKS
6Y FELEFAL HESEPVE CISTRICT
AS CF 31 JUL
(PERCENTAGE
ALL
DISTRICTS
BCSTCN
1968 AUG
15. 1
17.8
SEP
1C.6
OCT
17.3
CCS
MATURING
IN
DISTRIBUTION)
ST.
LOUIS
MINNE—
APOLIS
KANSAS
CITY
DALLAS
SAh
FRANCISCC
9.2
14.4
5.2
12.6
21.4
16.5
13.2
9.C
12.1
6.4
9.7
6.0
9.7
23.9
18.8
19.1
21.€
2 3.9
30.4
12.7
18.7
RICHATLANTA
MOND
PHILADELPHIA
CLEVELAND
16.0
8.5
9.9
24.5
16.8
10.9
12.5
14.8
8.2
13.4
23.9
14.7
18.0
15.3
NEh
YORK
CH ICAGO
NOV
2. 9
4. 6
2.2
2.1
2.5
4. 2
7.2
2.3
4.5
1.8
1.5
1.7
4.2
CEC
1C.5
10.5
12.1
7 .6
7.7
8.9
8.C
12.8
8.5
1C.8
8.4
7.6
8.6
1969 J A N
23. 1
14.7
20.7
16.6
24.9
19. 1
2C.C
26.3
13.1
31.5
23.7
33.6
25.8
FEB
3.1
1.2
2.9
3.3
6.8
0.5
C .6
3.7
1.1
6.4
1.3
1.4
3.8
MAR
4. 7
4.4
6.8
8.2
0.9
0.6
2.2
4.6
C.6
2.0
0.3
2.2
4.0
APR
2. 8
1.2
3.7
6.3
0.9
l.C
C.8
1.7
15.3
4.2
1.8
1.2
2.4
MAY
1.0
1.7
1.0
0.4
0.5
0.3
C.2
1.3
1.6
C.2
0.3
0.2
1.5
J UN
2.6
1.5
2.4
3.9
6.4
1. 3
3.2
3.7
3.9
1.4
3.0
2.3
0.7
JUL OR LATER
6.5
7.6
5.0
10.3
16.2
2.4
8.9
6.3
3.1
6.3
7.1
9.8
4.2
1CC.0
100.0
100.0
100.0
100.0
100.0
1CC.C
1CC.0
1CC.C
1CC.0
100.0
100.0
100.0
TOTAL *
1/
SEE T E C H N I C A L A P P E N D I X
2/
INCLUDES O N L Y C E R T I F I C A T E S
NOTE *
1968
SALES
A.
IN THIS TABLE ARE
CETA ILS M A Y N O T ADD
ISSUED
NOT
TO T O T A L S OLE
IN D E N C M M T I C N S
CF
A D J U S T E D FOR CD'S THAT
TC BCLNDING.
$100,000 CK MORE
HAVE M A T U R E D .
EY V.EEKLY R E P O R T I N G BANKS.
TECHNICAL APPENDIX A
DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner:
Outstanding CD's maturing in each month of the previous survey are
subtracted from maturities in the same month of the current survey.
Those
CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.
Those CD's maturing after the last individual
month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding
quantity for a time period com-
parable to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.
Some sales
Sales of CD's between the
survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.
However, since the minimum maturity for time
deposits under current regulations is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sales are lost
from the series as derived in this manner.
Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured
between surveys and (2) the amount, if any, of sales between survey dates
that mature in the remaining days of the calendar month in which the current
survey is taken.
TECHNICAL NOTE B
CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
OUTSTANDINGS
Average maturities of outstanding negotiable time certificates of
deposit are calculated on a weighted .average basis.
All CD's are assumed to
mature in the middle of the month and those CD's maturing in the survey
month--after the survey 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 comparibility 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