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August

5 , 1969




L.4.1
CONFIDENTIAL (FR)

-fcDERAL RESERVE BANK

of KANSAS CITY
AUG

8

1969

~ Research Library —
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
June 25, 1969

Banking S e c t i o n ,
D i v i s i o n of Research and S t a t i s t i c s ,
Board of Governors of t h e F e d e r a l Reserve System.

TABLE

1

1/
MATURITY D I S T R I B U T I O N

OF O U T S T A N D I N G N E G O T I A B L E T I M E
WEEKLY

REPORTING

AS OF

C D ' S MATURING

AMOUNT
C M I L L I O N S OF
DOLLARS 1

TN

25

JUN

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

BANKS
1969

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

SALES SINCE
P R E V I O U S MONTH 2 /
( M I L L I O N S OF D O L L A R S )

6.8

6.8

.0

3,978.9

26.1

32.9

603.9

AUGUST

2,305.5

15.1

48.0

222.2

SEPTEMBER

2,105.2

13.8

61.8

487.4

OCTOBER

1 ,468.6

9.6

71.4

58.4

NOVEMBER

1,056.7

6.9

78.3

91.3

DECEMBER

1 ,121.8

7.3

85.6

506.8

JANUARY

583.6

3.8

89.4

45.8

FEBRUARY

288.8

1.9

91.3

9.4

MARCH

259.0

1.7

93.0

12.0

APRIL

309.1

2.0

95.0

15.5

MAY

191.9

1.3

96.3

18.9

170.8

1. 1

97.4

172.3

JUNE

1970

1,039.6

JULY

1969

393.4

2.6

100.0

15 , 2 7 2 . 8

100.0

JUNE

OVER

26

12

-

MONTHS

TOTAL

30

< MEMORANDUMS
SEPTEMBER
SEPTEMBER

1/
2/
V




10
15

157.0
284.3

TAX

XXX

AND D I V I D E N D M A T U R I T I E S )
1.0
1.9

XXX
XXX

XXX
2,243.8

3/

TABLE

2A

1/
MATURITY

D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S
NEW YORK C I T Y , C H I C A G O , AND ALL OTHER WEEKLY R E P O R T I N G
AS
(IN
NEW

CD'S

1969

MATURING

JUN

26

IN

-

AMOUNT

JUN

30

OF

25

MILLIONS

JUN
OF

DOLLARS)
CHICAGO

SINCE
MONTH

AMOUNT

-

2/

-

AT

1969

YORK C I T Y
SALES
PREVIOUS

OF D E P O S I T
BANKS

-

ALL

SALES
PREVIOUS

SINCE
MONTH

—

—

OTHER

WEEKLY

AMOUNT

2/

REPORTING

SALES
PREVIOUS

SINCE
MONTH 2 /

206.3

.0

50.3

.0

783. 0

.0

JULY

760.3

121.8

250.4

43.7

2 ,968.2

438.4

AUGUST

482.9

25.4

154.8

10.6

1 ,667. 8

186.2

SEPTEMBER

381.3

79.4

157.7

39.9

1 ,566.2

368.1

OCTOBER

219.1

11.4

67.4

.3

1 ,182. 1

46.7

NOVEMBER

159.0

4.0

46.7

4.8

851. 0

82.5

DECEMBER

211.3

76.8

42.6

18.8

867. 9

411,2

JANUARY

94.4

5.4

25.1

.2

464.1

40.2

F E B R UARY

50.5

1.3

20.0

.5

218.3

7.6

MARCH

45.1

.2

25.5

.9

188. 4

10.9

APRIL

80.1

.2

15.7

.6

2 1 3. 3

14.7

MAY

44.0

4.0

13.0

1.6

13 4. 9

13.3

JUNE

1970

34.7

31.1

25.3

38.8

32.2

XXX

22.4

XXX

33 8.;8

XXX

2 ,801.2

361.0

916.9

160.7

1 1 , 554 « 8

1 ,722 . 2

OVE*

12

MONTHS

TOTAL
NUMBER

OF

*

REPORTING

BANKS

Z3

TAX

1/

INCLUDES

2/

SEE

3/

SALES

*

ONLY

CERTIFICATES

IN

TECHNICAL

APPENDIX

CO • S

MATURING

AFTER

TOTALS

MAY N O T




ADD

DUE

123.1
191. 6

17.0
17.0
DENOMINATION

A•

OF

241

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

16. 9
75. 7

10
15

110. 8

11

12
(MEMORANDUM:

SEPTEMBER
SEPTEMBER

/3

11

MONTHS.

TO R O U N D I N G .

OF

$100 ,000

OR

MORE

ISSUED

BY WEEKLY R E P O R T I N G

BANKS.

BANKS

102. 4 / 3




TABLE

2B

1/
MATURITY D I S T R I B U T I O N

OF O U T S T A N D I N G N E G O T I A B L E T I M E

NEW YORK C I T Y ,

CHICAGO,

AS O F 2 5

AND ALL OTHER WEEKLY R E P O R T I N G

JUN

1969

(PERCENTAGE

MATURING

IN

25

2 8

JUN

AT

BANKS

AND 2 8 MAY 1 9 6 9

DISTRIBUTION)

NEW YORK C I T Y
CD'S

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

CHICAGO
MAY

2

5

JUN

2 8 MAY

25

JUN

28

MAY

7.4

)— 6 DAYS 2 /

1.2

5.5

1.2

6.8

1.6

01

MONTHS 3 /

27.1

34.9

27.3

31.0

25.7

25.5

MONTHS

17.2

18.3

16.9

19.8

14.4

20.3

02

MONTHS

13.6

13.1

17.2

13.8

13.6

11.9

03

MONTHS

7.8

8.6

7.4

11.3

10.2

9.6

04

MONTHS

5.7

5.9

5.1

6.4

7.4

9.1

05

MONTHS

7.5

4.4

4.6

4.0

7.5

6.2

06

MONTHS

3.4

3.8

2.7

2.3

4.0

3.7

07

MONTHS

1.8

2.5

2.2

2.4

1.9

3.4

08

MONTHS

1.6

1.4

2.8

1.9

1.6

1.7

09

1.3

1.7

2.4

1.4

MONTHS

2.9

1.9

10

MONTHS

1.6

2.3

1.4

1.4

1.2

1.6

11

1.1

2.8

1.1

1.0

MONTHS

1.2

1.0

12

1.1

1.0

2.4

.9

2.9

2.8

100.0

100.0

100.0

100.0

100.0

100.0

OF S I 0 0 . 0 0 0

OR MORE

VER

12

TOTAL

1/

MONTHS
*

I N C L U D E S ONLY C E R T , F , G A T E S

IN

DENOMINATIONS

ISSUED

BY WEEKLY R E P O R T I N G

BANKS.

» a s s , :
3/
*

NUMBER
TOTALS

OF

"
MONTHS F O L L O W I N G THE

MAY NOT ADO DUE

SURVEY

TO ROUNDING.

MONTH.

"

™ureER"",s

2C

1/
MATURITY

DISTRIBUTION

OF

OUTSTANDING NEGOTIABLE

NEW YORK C I T Y ,

CHICAGO,

AS

OF

25

AND ALL

JUN

1969

(CUMULATIVE

25

DAYS 2 /

AND 2 8

MAY

AT

BANKS

1969

DISTRIBUTION)

ALL OTHER

CHICAGO
MAY

25

JUN

28

MAY

25

JUN

28

MAY

7.4

1.2

5.5

1.2

6. 8

1.6

MONTHS 3 /

34.5

36.1

32.8

32.2

32.5

27. 1

02

MONTHS

51.7

54.4

49.7

52.0

46.9

47.4

03

MONTHS

65.3

67.5

66.9

65.8

60.5

59.3

04

MONTHS

73.1

76.1

74.3

77.1

70.7

68.9

05

MONTHS

78.8

82.0

79.4

83.5

78. 1

78.0

06

MONTHS

86.3

84.0

87.5

85.6

07

MONTHS

89.7

90.2

86.7

89.8

89.6

87.9

08

MONTHS

91.5

92.7

88.9

92.2

91.5

91.3

09

MONTHS

93.1

94.1

91.7

94.1

93. 1

93.0

10

MONTHS

96.0

95.4

93.4

96.5

95.0

94.4

11

MONTHS

97.6

97.7

94.8

97.9

96.2

96. 0

12

MONTHS

98.8

98.8

97.6

99.0

97.2

97. 0

100.0

100.0

100.0

100.0

100.0

100.0

OF $ 1 0 0 , 0 0 0

OR MORE

OVER

1/

12

MONTHS

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

IN

*

01

00
o

0-6

28

JUN

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

OTHER WEEKLY R E P O R T I N G

NEW YORK C I T Y

f U * S ™A UK T KIP T
L n • C MA Ti 1 ID 1 INu 1 nlM

TIME

DENOMINATIONS

ISSUED

fsl




TABLE

BY WEEKLY R E P O R T I N G

BANKS.
2/

NUMBER OF
FOLLOWING

DAYS R E M A I N I N G I N SURVEY MONTH. T H I S
THE L A S T WEDNESDAY OF THE MONTH.

3/

NUMBER

MONTHS F O L L O W I N G

OF

THE

SURVEY

MONTH.

PERIOD VARIES

WITH

THE

NUMBER OF

DAYS

TABLF

MATURITY

3A

D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S
AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 /
AS OF 2 5 J U N 1 9 6 9
(AMOUNTS I N M I L L I O N S OF D O L L A R S )

OF

DEPOSIT

$1

-

CD1 S

MATUR I N G

TOTAL

IN

$2 0 0
MILLION
AND UNDER

$200
$500

MILLION
TO
MILLION

$500
$ 1

MILLION
TO
BILLION

I/

ANDi OVER

BILLION

PRIME

-

3/
OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CITY

TOTAL
-

84.3

184.7

740.1

530.5

191.7

185.9

152.9

3,978.8

341.3

631.9

868.2

2, 1 3 7 . 4

702.4

804.9

630.1

2,305.4

199.6

454.5

410.9

1,240.4

435.4

455.3

349.7

AUGUST

2,105.2

169.3

380.6

432.9

1, 1 2 2 . 4

351.8

443.1

327.5

SEPTEMBER

1 ,468.6

104.6

276.9

310.4

776.7

194.2

376.8

205.7

OCTOBER

1,056.7

88.9

230.6

203.8

533.4

146.0

210.3

177.1

NOVEMBER

1,121.7

82.3

180.0

252.3

607.1

180.2

234.1

192.A

DECEMBER

583.4

40.4

78.4

111.3

353.3

84.8

139.5

129.0

JANUARY

288.8

11.6

49.1

54.5

173.6

40.2

96.2

37.2

FEBRUARY

258.8

18.7

36.9

43.0

160.2

35.5

82.1

42.6

MARCH

18.7

40.2

58.9

191.1

68.5

43 .8

308.9

78.8

APR I L

11.4

29.2

37.9

113.3

50.9

19.7

191.8

42.7

MAY

8.8

27.5

24.6

109.9

53.2

28.0

170.8

28.7

JUNE
JULY
OR L A T E R

1970

1,039.6

JULY

1969

4.2

35.2

72.1

281.9

30.0

199.9

52.0

393.4

1,184.1

2,635.7

3, 1 2 0 . 9

8,331.2

2,532.1

3 ,411.0

2,388.1

15,271.9

JUN

26-30

TOTAL

*

TAX

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

-

7.3

22.9

33.9

13.8

53.2

25.9

10

157.0

92.9

SEPTEMBER

43.1

54.1

53.9

47.7

11.8

73.6

15

2 84.2

175.2

SEPTEMBER

37

7

12

18

NUMBER

(MEMORANDUM:
91

85

OF

BANKS)
51

—

ST Q U A L I T Y

TOTALS

MAY N O T




ADD

DUE

TO R O U N D I N G -

AND

WHICH

ARE

TABLE

3B

SALES

/ I /

OF

N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S
AT WEEKLY R E P O R T I N G BANKS BY S I Z E OF BANKS 3 /
AS O F 2 5 J U N 1 9 6 9
(AMOUNTS I N M I L L I O N S O F D O L L A R S )

$1

-

CD'S

MATURING

IN

TOTAL

$2 0 0
MI L L I O N
AND UNDER

$200

$500

MILLION
TO
MILLION

$500

MILLION
TO
$ 1 BILLION

MONTH

2/

BILLION

ANDi OVER

P R I ME 4 /

TOTAL

NEW YORK
CITY
1969

JUN

OUTSIDE
NEW YORK
CITY

NON-PRIME

2 6-30

JUL Y

60.3

92.3

139.1

312.2

113.2

101.5

97.5

AUGUST

222.0

27.7

44.1

43.7

106.5

22.9

37.3

46.3

SEPTEMBER

487.5

55.4

112.6

94.8

224.7

70.7

74.0

80.0

OCTOBER

58.4

8.0

10.2

13.5

26.7

9.9

7.6

9.2

NOVEMBER

91.3

10.5

36.9

12.7

31.2

4.0

21.7

5.5

DECEMBER

506.7

55.3

95.8

118.5

237. 1

68.7

93.1

75.3

45.8

5.9

14.8

13.2

11.9

2.3

2.7

6.9

9.4

1.0

1.6

3.3

3.5

1.3

1.9

0.3

MARCH

12.0

2.1

2.3

2.7

4.9

0.2

3.8

0.9

APR I L

15.4

4.7

4.8

1.7

4.2

0.2

3.0

1.0

MAY

1970

603.9

18.7

2.2

4.8

5.3

6.4

4.0

1.5

0.9

172.4

9.0

24.2

19.2

120.0

25.3

68.6

26.1

2*243.5

242.1

444.4

467.7

It 0 8 9 . 3

322.7

416.7

349.9

XXX

XXX

XXX

XXX

12

18

JANUARY
FEBRUARY

JUNE
OR L A T E R
TOTAL

*

TAX
SEPTEMBER

10

XXX

XXX

SEPTEMBER

15

XXX

XXX

MATURITIES)
XXX

XXX

XXX

XXX

XXX

XXX

XXX

. „ ,y.

91

DIVIDEND

XXX

r UC MOD /
264

AND

85

NUMBER

OF

BANKS)
37

51

1/
2/
3/
4/

SEE TECHNICAL APPENDIX A.
I N C L U D E S C E R T I F I C A T E S I N D E N O M I N A T I O N S OF $ 1 0 0 * 0 0 0 OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S .
T O T A L D E P O S I T S A S R E P O R T E D I N THE C A L L R E P O R T OF C O N D I T I O N ON DECEMBER 3 1 * 1 9 6 5 .
P R I M E B A N K S ARE 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 D E P O S I T 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
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 B A S I S P O I N T S O F EACH OTHER W I T H I N T H E S E C O N D A R Y M A R K E T ,

*

TOTALS

MAY N O T




ADD DUE

TO R O U N D I N G .

-

"

s

7

QUALITY

AND WHICH

ARE

TABLE

MATURITY

3C

D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S
AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 2 /
AS OF 2 5 J U N 1 9 6 9
PERCENTAGE D I S T R I B U T I O N

OF

DEPOSIT

$1

$2 0 0
CD' S

1969

MATUR I N G

JUN

TOTAL

IN

6. 8

26-30

MILLION
AND UNDER

$200

MILLION
TO
MILLION

$500

$500
$1

MILLION
TO
BILLION

1/

BILLION

AND

PRIME

TOTAL

NEW YORK
C I TY

OVER
3/
OUTSIDE
NEW YORK
CITY

NON-PRN

7.1

7.0

7.7

6.4

7.6

5.5

6.4

JULY

28.8

24.0

27.8

25.7

27.7

23.6

26.4

AUGUST

15.1

16.9

17.2

13.2

14.9

17.2

13.3

14.6

SEPTEMBER

13.8

14.3

14.4

13.9

13.5

13.9

13.0

13.7

OCTOBER

"9. 6

8.8

10.5

9.9

9.3

7.7

11.0

8.6

NOVEMBER

6.9

7.5

8.7

6.5

6.4

5.8

6.2

7.4

DECEMBER

7.3

7.0

6.8

8.1

7.3

7.1

6.9

8.1

JANUARY

3.8

3.4

3.0

3.6

4.2

3.3

4.1

5.4

FEBRUARY

1.9

1.7

2.1

1.6

2.8

1.6

1.7

1.0
1 .6

1.9

MARCH

1.4

1.4

1.9

1.4

2.4

1.8

APRIL

2.0

1.6

1.5

1.9

2.3

2.7

2.3

1.8

MAY

1.3

1.0

1.1

1.2

1.4

1.7

1.5

0.8

1.1

0.7

1.0

0.8

1.3

1.1

1.6

1.2

JUNE
JULY
OR L A T E R

1970

26.1

2.6

0.4

1.3

2.3

3.4

1.2

5.9

2.2

100.0

100.0

100.0

100.0

100.0

100.0

0.5

1.6

1.1

2.9

1.6

2.0

TOTAL

*

(MEMORANDUM:

100.0
TAX

100.0

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

SEPTEMBER

10

1.0

0.6

0.9

1.1

1*1

15

1.9

1.0

1.6

1.7

2

SEPTEMBER

5
*

-L

TOTALS

MAY N O T




ADD

DUE

TO

ROUNDING.

ARE

TABLE

MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T
AT WEEKLY R E P O R T I N G BANKS BY S I Z E OF BANKS 2 /
AS OF 2 5 JUN 1 9 6 9
CUMULATIVE PERCENTAGE

3D

$1

$2 0 0
CO" S MATUR I N G

IN

TOTAL

MI L L I O N
AND UNDER

$200
$500

MILLION
TO
MILLION

$500
$1

MILLION
TO
BILLION

1/

BILLION

AND OVER

PRIME

3/

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

TOTAL

NON-PRIME

6. 8

7.1

7.0

7.7

6.4

7.6

5.5

6.4

JULY

32.9

35.9

31.0

35.5

32.1

35.3

29.1

32.8

AUGUST

48.0

52.8

48.2

48.7

47.0

52.5

42.4

47.4

SEPTEMBER

61.8

67.1

62.6

62.6

60.5

66.4

55.4

61.1

OCTOBER

71.4

75.9

73.1

72.5

69.8

74.1

66.4

69.7

NOVEMBER

78.3

83.4

81.8

79.0

76.2

79.9

72.6

77.1

DECEMBER

85.6

90.4

88.6

87.1

83.5

87.0

79.5

85.2

JANUARY

89.4

93.8

91.6

90.7

87.7

90.3

83.6

90.6

FEBR UARY

91.3

94.8

93.5

92.4

89.8

91.9

86.4

92.2

MARCH

93.0

96.4

94.9

93.8

91.7

93.3

88.8

94.0

APRIL

95.0

98.0

96.4

95.7

94.0

96.0

91.1

95.8

MAY

96.3

99.0

97.5

96.9

95.4

97.7

92.6

96.6

JUNE

97.4

99.7

98.5

97.7

96.7

98.8

94.2

97.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

JUN

26-30

JULY
OR L A T E R
1/
"

INCLUDES




CERTIFICATES

IN DENOMINATIONS

OF

$100,000

OR MORE

ISSUED

BY WEEKLY R E P O R T I N G

BANKS.
°

U A U

TV

A N

°

w h , c h

ARE

TABLE

3E

SALES

/ I /

OF

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 S I N C E P R E V I O U S
AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F BANKS 3 /
AS O F 2 5 J U N 1 9 6 9
PERCENTAGE D I S T R I B U T I O N

MONTH

$1
CD* S MATUR I N G

IN

$200
TOTAL

MILLION
AND UNDER

$200
$500

MILLION
TO
MILLION

$500
$ 1

MILLION
TO
B I L L ION

2/

BILLION

-

AND

PRIME
TO TAL

OVER
4/

1969

JUN

OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CITY
26-30

JULY

26.9

24.9

20.8

29.7

28.7

35.1

24.4

27.9

9.9

11.4

9.9

9.3

9.8

7.1

9.0

13.2

21.7

22.9

25.3

20.3

20.6

21.9

17.8

22.9

OCTOBER

2.6

3.3

2.3

2.9

2.5

3.1

1.8

2.6

NOVEMBER

4.1

4.3

8.3

2.7

2.9

1.2

5.2

1.6

DECEMBER

22.6

22.8

21.6

25.3

21.8

21.3

22.3

21.5

JANUARY

2.0

2.4

3.3

2.8

1.1

0.7

0.6

2.0

FEBRUARY

0.4

0.4

0.4

0.7

0.3

0.4

0.5

0.1

MARCH

0.5

0.9

0.5

0.6

0.4

0.1

0.9

0.3

APRIL

0.7

1.9

1.1

0.4

0.4

0.1

0.7

0.3

MAY

0.8

0.9

1.1

1.1

0.6

1.2

0.4

0.3

JUNE
OR L A T E R

7.7

3.7

5.4

4.1

11.0

7.8

16.5

7.5

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

AUGUST
SEPTEMBER

1970

TOTAL

*

™ —
SEPTEMBER

10

XXX

SEPTEMBER

15

XXX

1 n t n u KAINUU M *

I Aa
XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

(MEMORANDUM:
264

1/
2/
3/
4/
*

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

XXX

91

NUMBER
85

OF

BANKS
51

37

SEE TECHNICAL APPENDIX A.
I N C L U D E S C E R T I F I C A T E S I N D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S .
T O T A L D E P O S I T S A S R E P O R T E D I N THE C A L L R E P O R T OF C O N D I T I O N ON DECEMBER 3 1 ,
1965.
P R I M E B A N K S ARE 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 D E P O S I T ARE R E G A R D E D A S B E I N G O F 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 OR 2 B A S I S P O I N T S OF EACH O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .
T O T A L S MAY N O T ADD DUE T O R O U N D I N G .




7

QUALITY

18

12

AND WHICH

ARE

TABLE
AVERAGE

4 A

MATURITY
OF

OUTSTANDING

NEGOTIABLE
AT

WEEKLY

AT

TIME

REPORTING

VARIOUS
(IN

CERTIFICATES

SURVEY

JUN

1/

DATES

MONTHS)

CLASSIFICATION
25

DEPOSIT

BANKS

DATE O F
BANK

OF

28-MAY

1969

SURVEY
30

1969

APR

1969

I BY L O C A T I O N )
ALL

REPORTING

BANKS
3.2

3.2

3.4

3.1

2.9

3.0

CHICAGO

3.2

2.9

2.9

OTHER

3.3

3.3

3.5

ISSUING

NEW

YORK

CD'S

CI TY

(BY

UNDER

$2 0 0

$200-$500

OVER

$1

OUTSIDE

CITY

NEW Y O R K

CITY

NON-PRIME

2/

TOTAL




DEPOSITS

AS

IN

DENOMINATIONS

REPORTED

IN

THE

CALL

OF

$100,000

REPORT

OF

OR

3.3

3.2

3.3

3.3

3.4

2.8

2.9

3.8

3/

3.1

3.0

3/

2.9

3.7

3.8

3.2

NEW YORK

2.8

3.4

BILLION
IN

CERTIFICATES

2/

3.1

MILLION

PRIME

INCLUDES

BANK)

3.0

MILLION

PRIME

1/

OF

2.8

MILLION

$ 5 0 0 - $I 1 0 0 0

SIZE

3.2

3.4

MORE

CONDITION

ISSUED
ON

BY W E E K L Y

DECEMBER

31,

REPORTING
1965.

BANKS.

TABLE
AVERAGE

46

MATURITY
OF

NEGOTIABLE

TIME

SOLD
DURING

BY

CERTIFICATES

WEEKLY

THE

MONTH
(IN

OF

REPORTING
OF

VARIOUS

SURVEYS

MONTHS)

CLASSIFICATION
25

JUN

REPORTING

3.5

3 . 5

3.4

3 . 6

3.8

3 . 7

CITY

3 . 5

3 . 5

$1

NEW

OUTSIDE

CITY

NEW

YORK

CITY

3/

3

'

N O T E — SEE




DEPOSITS

AS

REPORTED

^EKREPORTETDABSY
TECHNICAL

DENOMINATIONS
IN

THE

CALL

DE A L E R S ^ T O ' T R A D E

APPENDIX

B.

OF

$100,000

REPORT

OF

S K I ! "

" N F

OR

3 . 5

3.5

3 . 6

3.3

3 . 5

3. 7

3 . 6

3.2

4 . 5

3/

3.1

3 . 4

YORK

3 . 2

3 . 7

4.1

3 . 5

IN

NON-PRIME

TOTAL

2/

3 . 9

BILLION

PRIME

2/

BANK)

3 . 5

MILLION

PRIME

IN

OF

3 . 8

MILLION

$500-$1 1000

SIZE

3 . 6

MILLION

$2 0 0

$200- $500

CERTIFICATES

LOCATION)

3 . 5

(BY

INCLUDES

1969

3 . 8

CD'S

OTHER

1/

APR

BANKS

CHICAGO

OVER

30

1969

4 . 8

YORK

UNDER

SURVEY

3 . 6

ISSUING

NEW

OF

28-MAY

1969

(BY
ALL

1/

BANKS

DATE
BANK

DEPOSIT

3.2

3 . 7

MORE

CONDITION

A

^

B

ISSUED
ON

A

BY

WEEKLY

DECEMBER

S

^

"

31,

REPORTING

BANKS.

1965.

E R C H ^ T H E ^

8

- ! ^ ! ^ T H T S

E

^

V

M

^

.

^

TABLE
RATIO

OF

OUTSTANDING

NEGOTIABLE
TO
AT

TIME

TOTAL

VARIOUS
(PER

5A
CERTIFICATES

TOTAL D E P O S I T S 2 /
M I L L I O N S OF D O L L A R S )

ALL

BANKS

25

JUN

DEPOSIT

1/

DEPOSITS
SURVEY

DATES

CENT)

DATE

(IN

OF

28

1969

OF

MAY

SURVEY

30

1969

APR

1969

ISSUING
00

CD'S

7 . 0

7.8

UNDER

2 00

7 . 5

7 . 7

7.2

200

-

500

8 . 2

8.5

8 . 4

500

-

1000

7 . 8

8 . 5

8.3

6 . 5

7.5

7 . 6

5 . 2

6 . 5

6 . 6

6 . 4

7 . 0

7 . 3

9 . 0

10.3

9 . 9

OVER

1000

PRIME

IN

NEW

PRIME

OUTSIDE

YORK

3 /

NEW

YORK

3/

N O N P R I ME

1/

INCLUDES

2/

TOTAL

CERTIFICATES

DEPOSITS

PRIME

BANKS

WHICH

3/

ARE

NOTE -




AS

ARE

INTERBANK

IN

THOSE

THE

AND

DENOMINATIONS

REPORTED

REPORTED

DEPOSITS

IN

BY

WHOSE

IN

CALL

NEGOTIABLE

DEALERS

DENOMINATOR

U.S.

THE

TO
OF

GOVERNMENT

TRADE
THE

OF

S100,000

REPORT

OF

OR

CONDITION
OF

CERTIFICATES
WITHIN
RATIO

DEPOSITS.

IN

1

MORE

OR
THIS

2

ISSUED
ON

DEPOSIT

BASIS
TABLE

WEEKLY

DECEMBER
ARE

POINTS
ARE

BY

1965

31,

REGARDED
OF

TOTAL

REPORTING

AS

EACH

OTHER

DEMAND

AND

BANKS.

•

BEING

OF

WITHIN
TIME

THE
THE

HH
SEC

DEPOSITS,

TABLE
RATIO

OF

OUTSTANDING

NEGOTIABLE

5B
TIME

CERTIFICATES

TO

TOTAL
OF

JUN

25

(NUMBER

TOTAL
(IN

ALL

DEPOSITS

MILLIONS

BANKS

OF

2 /

5%
OR
LESS

DOLLARS)

DEPOSIT

1/

DEPOSITS

AS

OF

5
TO
10%

OF

1969

BANKS)

10
TO
15%

15
TO
20%

20
TO
25%

25%
OR
MORE

AVERAGE CD
TO D E P O S I T
RATIO
(PER CENT)

ISSUING

CD'S

96

91

42

21

10

4

7 . 0

UNDER

200

42

23

14

7

2

3

7 . 5

200

-

500

30

28

13

8

5

1

8.2

500

-

1000

17

19

10

2

3

0

7 . 8

7

21

5

4

0

0

6 . 5

3

4

0

0

0

0

5.2

2

8

1

1

0

0

6.4

2

9

4

3

0

0

9 . 0

OVER

1000

PRIME

IN

NEW

YORK

PRIME

OUTSIDE

NEW

3 /
YORK

3 /

N O N P R I ME

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PRIME

BANKS

WHICH

ARE

MOTE-




CERTIFICATES
AS

ARE

INTERBANK

IN

THOSE

THE

AND

DENOMINATIONS

REPORTED

REPORTED

DEPOSITS

IN

BY

WHOSE

IN

CALL

NEGOTIABLE

DEALERS

DENOMINATOR

U.S.

THE

TO
OF

GOVERNMENT

TRADE
THE

OF

$100,000

REPORT

OF

OR

CONDITION

CERTIFICATES
WITHIN
RATIO

DEPOSITS.

IN

1

MORE

OR
THIS

OF
2

ISSUED
ON

DEPOSIT

BASIS
TABLE

WEEKLY

DECEMBER
ARE

POINTS
ARE

BY

31,

TOTAL

BANKS.

1965.

REGARDED
OF

REPORTING

AS

EACH

OTHER

DEMAND

AND

BEING

OF

WITHIN
TIME

THE
THE

HIGHEST
SECONDARY

DEPOSITS,

QUALITY
MARKET.

I NCLUOING

AND

TABLE

PER

CENT

CHANGE

IN

OUTSTANDING
28

MAY

NEGOTIABLE

1969

TO

(NUMBER

TOTAL
L IN

ALL

DEPOSITS

MILLIONS

BANKS

OF

2 /

REDUCED
C D ' S TO
ZERO

DOLLARS)

5C

DECLINES
—————————
1 0 * OR
5 TO
MORE
10%

OF

25

TIME

JUN

CERTIFICATE

OF

DEPOSIT

/I

1969

BANKS)

OF
———
—
5 * OR
LESS

NO
CHANGE

— —
— —
5% OR
LESS

INCREASES
—
5 TO
10%

OF
— —
—
— I S S U E D C D ' S BUT
1 0 % OR
HAD NONE O U T S T A N D MORE
I N G ON B A S E D A T E

ISSUING

CD'S

0

75

52

41

34

26

12

23

1

UNDER

200

0

16

14

11

21

6

8

13

1

200

-

500

0

19

17

13

8

16

3

10

0

500

-

1000

0

19

12

11

5

3

1

0

0

0

21

9

6

0

1

0

0

0

0

7

0

0

0

0

0

0

0

0

5

4

3

0

0

0

0

0

0

9

5

3

0

1

0

0

0

OVER

1000

PRIME

IN

NEW

PRIME

YORK

OUTSIDE

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

2/

TOTAL

DEPOSITS

3/

PRIME
WHICH

B A N K S ARE T H O S E
ARE R E P O R T E D BY

NOTE-




THE
HAD

AS

IN

DENOMINATIONS

REPORTED

IN

THE

CALL

WHOSE N E G O T I A B L E
D E A L E R S TO TRADE

NUMBER OF B A N K S I N T H I S
O U T S T A N D I N G C D ' S ON T H E

OF

$100,000

REPORT

OF

OR

MORE

CONDITION

ISSUED
ON

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

DECEMBER

31,

BANKS.

1965.

C E R T I F I C A T E S O F 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 Q U A L I T Y AND
W I T H I N 1 OR 2 B A S I S P O I N T S 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 A B L E D I F F E R S FROM T H O S E I N MOST O T H E R
LAST SURVEY REDUCED T H E I R O U T S T A N D I N G S

T A B L E S TO THE E X T E N T T H A T
TO Z E R O ON T H I S S U R V E Y .

BANKS

THAT

<

TABLE

PER

CENT

CHANGE

IN

OUTSTANDING
26

MAR

NEGOTIABLE

1969

TO

(NUMBER

TOTAL
(IN

ALL

DEPOSITS

MILLIONS

BANKS

OF

DECLINES

REDUCED CD'S 25%
OR
TO
MORE
ZERO

/2

DOLLARS)

25

OF

TIME

JUN

CERTIFICATE

OF

DEPOSIT

BANKS)

INCREASE

20%

10%

15%

NO

5%
OR
LESS

5
TO

10
TO

/ I

1969

OF

15
TO

20
TO
25%

50

ISSUING

CHANGE

5%
OR
LESS

5
TO
10%

ISSUED
C D ' S BUT

OF
15
TO

25%
OR
MORE

20
TO

20%

10
TO
15%

25%

I

40

18

34

19

33

23

19

14

8

9

11

8

33

3

CD'S

200

1

9

5

7

5

13

5

10

7

2

7

3

4

17

2

UNDER

500

7

3

8

6

11

10

6

6

5

1

5

3

I

-

0

15

200

1000

9

5

12

5

5

5

3

1

1

1

3

1

0

-

0

1

500

0

15

5

7

3

4

3

0

0

0

0

0

0

0

0

6

1

0

0

0

0

0

0

0

0

0

0

0

0

0

3

2

4

1

1

1

0

0

0

0

0

0

0

0

0

6

2

3

2

3

2

0

0

0

0

0

0

0

0

0

OVER

1000

PRIME

IN

PRIME

OUTSIDE

NEW

YORK
NEW

3/
YORK

3/

NONPR IME

1/

INCLUDES

2/

TOTAL




CERTIFICATES

DEPOSITS

OUTSTANDINGS

AS

TO

IN

DENOMINATIONS

REPORTED

ZERO.

IN

THE

CALL

OF

$100,000

REPORT

OF

OR

MORE

CONDITION

ISSUED
ON

BY

WEEKLY

DECEMBER

31,

REPORTING
1965.

BANKS.

HAD

NONE
OUTSTANDING
ON B A S E D A T E

TABLE
CHANGE

IN

OUTSTANDING

OVER

THE

NEGOTIABLE

MONTH
AT

AS

THE

28

A PER

MAY

1969

(IN

ALL

O E P O S I TS

MILLIONS

BANKS
CD'S

OF

2/

TO

3%
AND
OVER

OF
25

OF

CERTIFICATES
OF

TOTAL

THE
JUN

OF

2
TO

1/

PERIOD
1969

BANKS )

I N C R E A S E S , OF
1%
ANO
LESS

1
TO

3%

DEPOSIT

DEPOSITS

OF

DECLINES

DOLLARS)

TIME
CENT

BEGINNING

(NUMBER

TOTAL

5E

2%

NO
CHANGE

1
TO
2%

1%
AND
LESS

3%
AND
OVER

2
TO
3%

ISSUING
1

12

44

115

26

53

9

2

1

UNDER

200

0

1

7

35

16

24

6

1

0

200

-

500

0

5

9

36

6

24

3

1

1

500

-

1000

1

2

12

28

4

4

0

0

0

0

4

16

16

0

1

0

0

0

0

1

3

3

0

0

0

0

0

0

1

3

8

0

0

0

0

0

0

2

10

5

0

1

0

0

0

$100,000

OR MORE

REPORTING

BANKS.

OVER

1000

PRIME

IN

NEW

YORK

PRIME

OUTSIDE

3/
YORK

NEW

3/

NONPRIME

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PRIME
WHICH

B A N K S ARE T H O S E
ARE R E P O R T E D BY

NOTE-




CERTIFICATES

DEPOSITS
INTERBANK

IN

AS

DENOMINATIONS

RE P O R T E D

THE

AND

IN

IN

CALL

WHOSE N E G O T I A B L E
DEALERS TO TRADE

DENOMINATOR

U.S.

THE

OF

GOVERNMENT

THE

OF

REPORT

OF

CONDITION

ISSUED
ON

BY

WEEKLY

DECEMBER

31*

1965.

C E R T I F I C A T E S O F 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 O F THE H I G H E S T Q U A L I T Y A N D
W I T H I N I OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .
RATIO

DEPOSITS.

IN

THIS

TABLE

ARE

TOTAL

DEMAND

AND

TIME

DEPOSITS,

INCLUDING

TABLE
CHANGE
OVER

IN

OUTSTANDING

THE

LAST

NEGOTIABLE

THREE
AT

MONTHS

THE

26

AS

DEPOSITS

DECLINES

2/

TIME

MAR

1969

CERTIFICATES

A PER

BEGINNING
TO

(NUMBER

TOTAL

5F

OF
25

OF

CENT

THE
JUN

ALL

MILLIONS

BANKS

OF

1/

DEPOSITS

PERIOD

BANKS)

INCREASES

OF

5%
AND

DOLLARS)

TOTAL

DEPOSIT

1969

4
TO

3
TO

2

1

TO

TO

1%
AND

OVER

(IN

OF

OF

5%

4%

3%

2%

LESS

ISSUING

1

It
AND

TO

TO

3
TO

4
TO

5%
AND

UNDER

NO
CHANGE

2%

3%

4%

5 %

OVER

2

17

CD'S

OF

24

44

74

11

47

15

200

0

2

1

4

15

22

5

23

6

4

3

1

3

UNDER
-

500

2

0

2

6

9

26

4

20

6

3

2

2

2

200

-

1000

0

1

6

7

10

17

2

4

3

1

0

0

0

500

0

3

8

7

10

9

0

0

0

0

0

0

0

0

1

3

2

I

0

0

0

0

0

0

0

0

0

1

3

0

3

5

0

0

0

0

0

0

0

0

1

2

5

6

4

0

0

0

0

0

0

0

OVER

1000

PRIME

IN

NEW

PRIME

OUTSIDE

YORK
NEW

3/
YORK

3/

NONPRIME




1/

INCLUDES

2/

TOTAL

NOTE-

CERTIFICATES

DEPOSITS

DEPOSITS
INTERBANK

IN

AS

DENOMINATIONS

REPORTED

THE

AND

IN

IN

DENOMINATOR

U.S.

THE

OF

GOVERNMENT

CALL

THE

OF

$100,000

REPORT

RATIO

DEPOSITS.

IN

OF

OR

MORE

CONDITION

THIS

TABLE

ISSUED
ON

ARE

BY

WEEKLY

DECEMBER

TOTAL

31,

DEMAND

REPORTING

BANKS.

1965.

AND

TIME

DEPOSITS,

INCLUDING

TABLE
MATURITV

DISTRIBUTION

OF

OUTSTANDING NEGOTIABLE TIME
AT W E E K L Y R E P O R T I N G B A N K S
BY F E D E R A L R E S E R V E D I S T R I C T
AS

(AMOUNTS

CD* s

MATUR ING

IN

6A

OF

IN

25

JUN

CERTIFICATES

OF

DEPOSIT

1/

1969

MILLIONS

OF

DOLLARS)

DALLAS

SAN
FRANCISCO

ALL

DI

STRICTS

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATL ANTA

CHICAGO

ST.
LOUIS

MINNEAP0L1 S

KANSAS
C I TY

71.4

3 0 9 . 8

18.7

7 0 . 3

3 5 . 0

56.8

106.3

31.6

9.6

29.2

9 4 . 0

206 .9

3 9 7 8 . 8

210.1

1 0 9 9 . 1

109.7

294.8

111.7

147.0

4 9 2 . 5

6 6 . 4

53.7

126.7

441.6

8 2 5 . 5

AUG

2 3 0 5 . 5

1 2 0 . 6

6 8 9 . 2

59.9

184.3

5 2 . 6

75.5

307.1

4 9 . 3

3 1 . 8

1 0 3 . 9

176.0

4 5 5 . 3

SEP

2 1 0 5 . 3

1 4 1 . 7

5 8 5 . 4

6 4 . 1

133.9

9 0 . 5

80.9

290.2

63.8

27.6

6 5 . 0

163.6

3 9 8 . 6

OCT

1 4 6 8 . 8

1 0 5 . 2

3 1 7 . 8

3 4 . 8

9 1 . 8

5 6 . 9

7 3 . 8

177.0

39.6

2 0. 1

6 0 . 4

117.4

374.0

NOV

1 0 5 6 . 7

5 8 . 9

2 5 5 . 8

3 5 . 3

7 5 . 3

3 4 . 3

6 9 . 1

141.0

4 2 . 3

11.6

3 7 . 4

8 1 . 1

2 1 4 . 6

DEC

1 1 2 1 . 8

1 0 2 . 9

3 1 4 . 6

24.6

7 4 . 9

3 2 . 7

4 4 . 5

139. 3

45.6

17.1

2 8 . 7

92.6

2 0 4 . 3

JAN

5 8 3 . 7

3 0 . 8

142.4

25.0

53.6

7.0

30.1

6 0 . 3

16.1

4 . 0

10.4

6 4 . 1

139.9

FEB

288. 8

1 1 . 3

6 3 . 2

11.6

2 7 . 7

11.2

14.7

4 0 . 2

5.8

2 . 3

5 . 6

15.4

7 9 . 8

MAR

2 5 8 . 8

1 2 . 5

5 6 . 1

7 . 2

19.6

5.8

6 . 0

4 3 . 9

4 . 3

0 . 5

6 . 2

33.8

6 2 . 9

APR

3 0 9 . 3

9 . 0

104.8

7 . 3

3 4 . 9

6 . 7

6 . 2

3 3 . 3

13.2

0 . 4

6 . 6

2 1 . 5

6 5 . 4

MAY

1 9 1 . 9

5 . 3

5 1 . 1

11.0

11.5

3.1

5 . 5

24.2

7 . 0

0.4

2 . 5

2 5 . 4

4 4 . 9

JUN

1970

103 9 . 6

JUL

1969

170. 8

9 . 8

4 4 . 2

5 . 9

15.0

1.8

5 . 7

4 3 . 5

3.6

0.1

2 . 0

7 . 8

3 1 . 4

3 9 3 . 4

15.9

4 2 . 5

12.0

185.2

9 . 2

8.0

4 6 . 7

11.4

7.1

0 . 3

14.3

4 0 . 8

15273.2

9 0 5 . 4

4 0 7 6 . 0

4 2 7 . 1

1 2 7 2 . 8

4 5 8 . 5

6 2 3 . 8

1945.5

4 0 0 . 0

186.3

4 8 4 . 9

1348.6

3 1 4 4 . 3

3 . 2

3.1

2 . 9

3 . 5

4 . 4

3 . 0

3.1

3 . 3

3.6

2 . 8

2 . 6

2 . 9

3 . 1

264

18

49

10

16

16

23

37

11

5

21

25

33

JUN

2 5-JUN

JUL
TOTAL

LATER

*

AVERAGE
IN

OR

30

MATURITY

MONTHS

NUMBER

2/

OF

REPORTING

BANKS

1/

INCLUDES

2/

SEE

*

ONLY

TECHNICAL

DETAILS




MAY

NOT

CERTIFICATES
APPENDIX
ADO

TO

ISSUED

IN

DENOMINATIONS

B.
TOTALS

DUE

TO

ROUNDING.

OF

$100,000

OR

MORE

BY

WEEKLY

REPORTING

BANKS.

TABLE
SALES7OF

NEGOTIABLE

TIME
BY

FEDERAL

I AMOUNTS

MATUR ING

ALL

IN

2/

C E R T I F I C A T E S OF
WEEKLY R E P O R T I N G

AS

CD' S

68

PHI LA-

RESERVE

OF

IN

DEPOSIT
BANKS

25

JUN

MILLIONS

CLEVE-

SINCE

PREVIOUS

MONTH

DISTRICT
1969
OF

DOLLARS)

CHI-

RICH-

MINNE-

ST.

KANSAS
CITY

DALLAS

SAN
FRANCISCO

D I S—
TRICTS

19.5

10.0

6. 6

136.4

17.6

2 2 . 2

75.8

189.6

16.7

3 4 . 7

2 . 4

603. 8

7 2 . 3

JUL

4 . 7

10.5

2.2

5 1 . 2

17.0

2 1 . 0

12.7

6.3

13.2

5 5 . 1

1.9

2 2 2 . 2

2 6 . 4

AUG

19.8

18.5

2 1 . 5

16.8

4 0 . 7

101.9

135.1

14.6

19.7

3 4 . 6

3.6

4 8 7 . 4

60.6

SEP

2 . 1

6 . 2

8.1

10.3

2 . 2

1.3

0 . 5

0.4

1 . 8

19.6

0.0

5 8 . 4

5 . 9

OCT

7 . 4

2 . 1

10.2

9 . 5

2 1 . 7

1.7

2 . 8

9 . 4

0 . 9

2 . 1

2 . 9

91. 3

20.6

NOV

21.7

7 1 . 9

110.0

2 8 . 7

4 0 . 2

9 . 7

15.4

129.6

11.0

3 3 . 8

15.4

506. 8

19.4

DEC

9 . 8

2.1

4 . 3

1.6

3 . 1

3 . 5

1.0

8.5

0.1

8. 1

3.6

46. 0

0 . 3

JAN

0 . 6

1.4

1 . 2

1 . 1

1.1

0 . 5

0.5

1.9

0 . 0

0.6

0.2

9 . 3

0 . 2

FEB

0 . 3

2 . 9

1.2

0 . 5

2 . 5

0 . 5

0 . 5

1.2

0.1

2 . 0

0.1

1 1 . 8

0 . 0

MAR

0 . 1

2 . 9

1.8

0 . 1

0 . 9

0 . 2

0 . 0

7.4

0 . 0

0.1

0.1

1 5 . 5

1.9

APR

0 . 2

2 . 7

3 . 3

0 . 0

4 . 1

0 . 6

0.2

5 . 1

0 . 0

0.4

2.0

1 8 . 9

0 . 3

MAY

1969

BOSTON

1.7

3.0

2.2

4 1 . 0

4 . 3

6 . 1

5 . 0

2. 1

3 4 . 3

7.6

11.2

53.7

1 7 2 . 2

6 8 . 8

106.1

313.3

65.6

4 8 4 . 3

104.9

2 0 6 . 3

6 7 . 1

22.2

1 4 2 . 6

596.8

65.6

2 2 4 3 . 6

3 . 2

4 . 2

4. 6

4 . 8

3 . 3

3 . 1

3 . 6

3 . 5

1970

JUN
TOTAL

MONTHS

SEE

INCLUDES

3/

SEE




LAND

MONO

ATLANTA

CAGO

-

3/

1/

TECHNICAL
ONLY

TECHNICAL

DETAILS

DELPHI A

MATURITY

2/

•

LATER

*

AVERAGE
IN

OR

YORK

MAY

NOT

APPENDIX

A.

CERTIFICATES

APPENDIX
ADD

TO

ISSUED

IN

DENOMINATIONS

B.
TOTALS

DUE

TO

ROUNDING.

OF

S 1 0 0 . 0 0 0

OR

MORE

BY

WEEKLY

REPORTING

BANKS.

4. 8

TABLE
MATURITY

DISTRIBUTION

OF

OUTSTANDING NEGOTIABLE TIME
AT W E E K L Y R E P O R T I N G B A N K S
BY

FEDERAL
AS

RESERVE

OF

25

(PERCENTAGE

CD'S

MATURING

IN

6C

JON

CERTIFICATES

OF

DEPOSIT

1/

DISTRICT
1969

DISTRIBUTION)

ALL
LOUIS

KANSAS
CITY

DALLAS

5 . 5

7.9

5.2

6 . 0

7 . 0

6 . 6

23.6

2 5 . 3

16.6

2 8 . 8

2 6 . 1

3 2 . 7

2 6 . 3

11.5

12.1

15.8

12.3

17. 1

21.4

13.1

14.5

1 0 . 5

19.7

13.0

1 4 . 9

16.0

14.8

13.4

1 2 . 1

12.7

8 . 1

7 . 2

12.4

11.8

9. 1

9 . 9

10.8

1 2 . 5

8 . 7

11.9

6 . 3

8 . 3

5 . 9

7 . 5

11.1

7 . 2

10.6

6.2

7 . 7

6 . 0

6 . 8

11.4

7 . 7

5 . 8

5.9

7 . 1

7 . 1

7 . 2

11.4

9.2

5 . 9

6 . 9

6 . 5

3. 8

3 . 4

3 . 5

5 . 9

4 . 2

1.5

4 . 8

3 . 1

4 . 0

2.1

2 . 1

4 . 8

4 . 4

FEB

1 . 9

1.2

1.6

2 . 7

2 . 2

2 . 4

2 . 4

2 . 1

1.5

1.2

1.2

1 . 1

2 . 5

MAR

1 . 7

1.4

1.4

1.7

1 . 5

1.3

1.0

2 . 3

1.1

0.3

1.3

2 . 5

2.0

APR

2 . 0

1.0

2 . 6

1.7

2 . 7

1.5

1.0

1 . 7

3.3

0.2

1.4

1.6

2 . 1

MAY

1 . 3

0.6

1.3

2.6

0 . 9

0 . 7

0 . 9

1.2

1.8

0.2

0.5

1.9

1.4

J UN

1.1

1.1

1.1

1.4

1.2

0 . 4

0 . 9

2 . 2

0 . 9

0. 1

0 . 4

0.6

1.0

2 . 6

1.8

1.0

2.8

14.6

2.0

1.3

2 . 4

2.9

3.8

0 . 1

1 . 1

1.3

100. 0

100.0

100.0

100.0

100.0

100.0

100.0

1 0 0 . 0

100.0

100.0

1 0 0 . 0

100.0

100.0

OR

BY

DELPHIA

RICHMOND

ATLANTA

7.6

4 . 4

5 . 5

7.6

9. 1

23.2

2 7 . 0

2 5 . 7

2 3 . 2

24.4

15. 1

13.3

16.9

14.0

14.5

SEP

1 3 . 8

15.7

14.4

15.0

OCT

9 . 6

11.6

7 . 8

NOV

6 . 9

6 . 5

DEC

7 . 3

JAN

7 . 9

2 6 . 1

AUG

1970

6 . 8

JUL

1969

BOSTON

J UN

JUL
TOTAL

1/

2 5 — J UN

OR




LATER

*

INCLUDES

30

ONLY

CERTIFICATES

ISSUED

IN

NEW
YORK

DENOMINATIONS

OF

$ 1 0 0 , 0 0 0

MORE

CHICAGO

WEEKLY

ST.

SAN
FRANCISCO

MINNEAPOLI S

PHILA-

CLEVELAND

DI S TRICTS

REPORTING

BANKS.

TABLE
MATURITY

DISTRIBUTION

OF

60

OUTSTANDING NEGOTIABLE TIME
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 D I S T R I C T
AS

OF

25

(CUMULATIVE

JUN

CERTIFICATES

OF

OEPOSI

1969

PERCENTAGE)
S AN

-

S

™

,

N

3 s

c

S . S I S 7 .

s -

SS-.U-T.
'•«

'•>

a i L J i ;
s

-

5

*-z

6

6 - 6

-°

32.9

31.1

34.6

30.1

28.7

32.0

32.7

30.8

24.5

34.0

32.1

39.7

32.9

48.0

44.4

51.5

44.1

43.2

43.5

44.8

46.6

36.8

51.1

53.5

52.8

47.4

p

61.8

60.1

65.9

59.1

53.7

63.2

57.8

61.5

52.8

65.9

66.9

64.9

60.1

0 C T

71.4

71.7

73.7

67.2

60.9

75.6

69.6

70.6

62.7

76.7

79.4

73.6

72.0

78.3

78.2

80.0

75.5

66.8

83.1

80.7

77.8

73.3

82.9

87.1

79.6

78.8

85.6

89.6

87.7

81.3

72.7

90.2

87.8

85.0

84.7

92.1

93.0

86.5

85.3

89.4

93.0

91.2

87.2

76.9

91.7

92.6

88.1

88.7

94.2

95.1

91.3

89.7

91.

3

94.2

92.8

89.9

79.1

94.1

95.0

90.2

90.2

95.4

96.3

92.4

92.2

93.0

95.6

94.2

91.6

80.6

95.4

96.0

92.5

91.3

95.7

97.6

94.9

94.2

95.0

96.6

96.8

93.3

83.3

96.9

97.0

94.2

94.6

95.9

99.0

96.5

96.3

96.3

97.2

98.1

95.9

84.2

97.6

97.9

95.4

96.4

96.1

99.5

98.4

97.7

97.4

98.3

99.2

97.3

85.4

98.0

98.8

97.6

97.3

96.2

99.9

99.0

98.7

J U L

S E

D E C

F E B




100.0___100.0___100.0___100.0___100.0___100.0_
CERTIFICATES

ISSUED

IN

DENOMINATIONS

OF

S100.000

OR

"ORE

100.0^
BY WEEKLY R E P O R T I N G

BANKS.

TABLE

6E

1/
SALES

2/
OF

NEGOTIABLE

TIME
BY

CERT 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
FEDERAL RESERVE D I S T R I C T
AS

OF

25

(PERCENTAGE

CD1S

MATURING

JUN

01 s -

NEW
YORK

PREVIOUS

MONTH

1969

DISTRIBUTION)

ALL

IN

SINCE

PHILADELPHIA

CLEV E LAND

RICHMOND

ATLANTA

CHICAGO

SAN
FRAN-

LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

CISCO

ST.

TRICTS

24.3

31.8

26.2

21.2

28.3

9.4

23.1

10.1

10.8

25.5

28.2

9.9

9.3

9.2

18.9

16.2

6.8

9.9

8.4

3.4

8.6

9.6

10.2

10.6

AUG

21.7

24.3

22.6

21.8

18.9

26.9

20.3

19.3

25.6

16.2

30.0

19.7

21.0

SEP

2.6

1.3

3.3

0.7

2.1

3.1

5.6

2.0

12.3

0. 0

0.6

0.6

2.1

OCT

4. 1

1.5

1.6

2.5

7.1

3.1

19.4

3. 3

4.4

4. 1

4.3

4.6

4.5

NOV

22.6

23.7

21.7

14.5

27.4

28.2

20.5

22.9

23.5

49. 5

23.5

19.5

22.7

DEC

2.1

5.7

1.4

5.2

1.5

0.4

9.2

0.7

5.5

0.5

1.5

1.5

0.9

JAN

0.4

0.4

0.3

0.7

1.0

0.3

0.6

0.4

0.3

0. 0

0. 8

0.5

0.2

FEB

0.5

1.4

0.2

0.7

0.5

0.0

0.3

0.9

0.2

0.5

0.8

1.2

0.2

MAR

0.1

1.2

0.3

0.1

0.1

1.8

0.9

0.2

0. 0

0.4

0.4

0.7

0.0

APR

0.3

0.9

0.9

0.0

0.3

0.3

0.9

3.0

0.3

2.0

0.7

0. 8

0.0

MAY

1970

26.9

36.7

JUL

1969

BOSTON

7.9

5.7

7.5

4.1

2.5

2.8

17.1

11.6

9 . 9

3.2

3.0

8.5

7 . 7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

OR

BY

JUN
TOTAL

OR

100. 0

*

1/

SEE

2/

INCLUDES

NOTE
*

-

LATER

TECHNICAL
ONLY

SALES

DETAILS




APPENDIX

MAY

IN

A.

CERTIFICATES
THIS

NOT

ADD

TABLE
TO

1

ISSUED

ARE

TOTALS

NOT
DUE

IN

DENOMINATIONS

ADJUSTED
TO

FOR

ROUNDING.

CD'S

OF
THAT

$ 1 0 0 , 0 0 0
HAVE

MORE

MATURED.

WEEKLY

REPORTING

BANKS.

TECHNICAL APPENDIX A

DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner:

Outstanding CD's maturing in each month of the previous survey are

subtracted from maturities in the same month of the current survey.

Those

CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.

Those CD's maturing after the last individual

month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding

quantity for a time period com-

parable to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD s between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.

Some sales

Sales of CD s between the

survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.

However, since the minimum maturity for time

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




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

All CD's are assumed to

mature in the middle of the month and those CD's maturing in the survey
month--after the survey 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 bv 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