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v
ik
December 3, 1968
L.4.1
CONFIDENTIAL (FR)
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
October 30, 1968
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
TABLE
MATURITY
DISTRIBUTION
OF
OUTSTANDING
WEEKLY
NEGOTIABLE
REPORTING
AS O F
CD1S
MATURING
AMOUNT
( M I L L I O N S OF
DOLLARS)
IN
1
30 O C T
TIME CERTIFICATES
OF
1/
D E P O S I T AT
BANKS
1968
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 )
PERCENTAGE
DISTRIBUTION
CUMULATIVE
PERCENTAGE
341.6
1.5
1.5
.0
NOVEMBER
4,463.3
19.2
20.7
1,270.5
DECEMBER
5,348.7
23.0
43.7
1,108.6
4,786.6
20.5
64.2
1,559.1
FEBRUARY
1,739.5
7.5
71.7
346.0
MARCH
1,725.3
7.4
79. 1
367.4
APRIL
1,479.5
6.3
85.4
749.5
MAY
557.1
2.4
87.8
101, r
JUNE
722.0
3.1
90.9
JULY
541.9
2.3
93.2
AUGUST
340.0
1.5
94.7
<8.2
SEPTEMBER
360.5
1.5
96.2
85.6
OCTOBER
348.2
1.5
97.7
OVER
548.7
2.4
100.0
XXX
23,303.3
100.0
XXX
6,091.8
1968 OCTOBER
31
1969 J A N U A R Y
12 M O N T H S
TOTAL
(MEMORANDUM:
DECEMBER
DECEMBER
1/
INCLUDES ONLY
CERTIFICATES
2/
SEE
APPENDIX
A.
3/
SALES
MATURING
AFTER
OF
CD'S
IN D E N O M I N A T I O N S
11
MONTHS.
AND
OF
3 5 3 . 0 3/
DIVIDEND MATURITIES)
$ 1 0 0 , 0 0 0 OR M O R E
64.7
230.2
XXX
XXX
1.3
4.2
293.9
990.2
10
16
TECHNICAL
TAX
7
I S S U E D BY
WEEKLY REPORTING
BANKS.
T A B L E 2A
1/
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S UF D E P O S I T AT
NEW YORK C I T Y , C H I C A G O , AND ALL OTHER WEEKLY R E P O R T I N G B A N K S
AS OF 30 OCT
(IN MILLIONS OF
1968
DOLLARS)
CD'S MATURING
IN
-
AMOUNT
.0
250.1
.0
NOVEMBER
1,296.5
372.4
254.8
81.2
2,912 .0
817.1
DECEMBER
2,029.5
425.7
430.9
76.0
2,888.3
607.4
1,439.3
517.4
469 . 6
121.2
2,877 .7
921.0
FEBRUARY
422.6
135.8
176.7
54.7
1,140.2
155.5
MARCH
536.1
117.0
134.0
34.5
1,055.2
215.9
APRIL
425.3
173.4
92.2
52.6
962.0
522.9
MAY
148.2
28.2
54.2
2.1
354.7
71.3
JUNE
201.8
12.5
72.1
3.3
448.1
55.2
JULY
101.8
12.5
35.6
1.3
404 .5
37.3
AUGUST
64.3
2.0
20.6
.0
255 .1
26.4
SEPTEMBER
69.3
12.0
43.7
5.9
247 5
67.5
OCTOBER
50.7
63.3 /3
18.2
*
NUMBER OF R E P O R T I N G
XXX
15.3
XXX
429.7
XXX
6,962.3
1,872.2
1,836.2
445.1
14,504.8
3,774.7
INCLUDES O N L Y C E R T I F I C A T E S
2/ SEE T E C H N I C A L
IN D E N O M I N A T I O N OF
APPENDIX A.
SALES OF C D ' S M A T U R I N G AFTER
T O T A L S MAY N O T ADD DUE
11 MCNTHS.
TO R O U N D I N G
TAX
AND D I V I D E N D M A T U R I T I E S )
6.6
51.6
33.7
128.3
119.5
597.2
10
16
238
11
12
BANKS
( MEMORANDUM:
DECEMBER
DECEMBER
277.2 /3
103.7
12 M O N T H S
TOTAL
279.3
12.3 /3
•
$100,000 OR M O R E
168.5
342.3
.1
10.6
ISSUED BY W E E K L Y R E P O R T I N G
BANKS.
BANKS
SALES SINCE
PREVIOUS MONTH 2/
18.3
OVER
*
-
REPORTING
.0
31
1969 J A N U A R Y
3/
SALES SINCE
P R E V I O U S MONTH 2/
WEEKLY
73.2
1968 OCT
1/
AMOUNT
SALES SINCE
PREVIOUS MONTH 2/ -
AMOUNT
ALL OTHFR
CHICAGO
NEW YORK CITY
31.0
91.5
TABLE
MATURITY DISTRIBUTION
2B
OF O U T S T A N D I N G N E G O T I A B L E
NEW YORK CITY T CHICAGO*
AND ALL
AS OF 30 OCT
OTHER WEEKLY REPORTING
1968 AND 25 SEP
(PERCENTAGE
MATURING
25
1968
CHICAGO
IN
30 OCT
SEP
30 OCT
ALL OTHER
25 SEP
1.1
4.9
1.0
3.6
01 M O N T H S 3/
18.6
17.3
13.9
02 M O N T H S
29.1
14.3
03 M O N T H S
20.7
04 M O N T H S
0 - 6 D A Y S 2/
BANKS
DISTRIBUTION)
NEW YORK CITY
CD'S
1/
TIME C E R T I F I C A T E S OF D E P O S I T AT
30 OCT
25 SEP
1.7
4.1
17.8
20. 1
21.4
23. 5
10.0
19.9
14.9
24.9
25.6
20. 3
19.8
16.2
6.1
14.3
9.6
20. C
7.9
13.9
05 M O N T H S
7.7
4.4
7.3
7.0
7.3
7.0
06 M O N T H S
6.1
6.5
5.0
5.7
6.6
6.0
07 M O N T H S
2.1
3.9
3.0
2.3
2.5
3.1
08 M O N T H S
2.9
1 .9
3. 9
3.0
3.1
2.0
09 M O N T H S
1.5
2.9
1.9
3.9
2.8
2.8
10 M O N T H S
.9
1 .4
1.1
2.0
1.8
2.6
11 M O N T H S
1.0
1.0
2.4
1.2
1.7
1.6
12 M O N T H S
.7
.9
1.0
2.2
1.9
1.3
1.5
1 .4
.8
1.2
3.0
3.1
100.0
100.0
100.0
100.0
100.0
100.0
OVER
12 M O N T H S
TOTAL *
1/ I N C L U D E S O N L Y C E R T I F I C A T E S
BANKS.
IN D E N O M I N A T I O N S OF
$100,000 OR MORE
ISSUED BY WEEKLY R E P O R T I N G
2/ NUMBER OF D A Y S R E M A I N I N G IN SURVEY M O N T H . THIS ° E R I O D 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 WEDNESDAY OF THE M O N T H .
3/ NUMBER
OF M O N T H S F O L L C W I N G THE SURVEY M O N T H .
* T O T A L S M A Y N O T A D D DUE TO ROUNDING.
TABLE
MATURITY
DISTRIBUTION
NEW
OF
OUTSTANDING NEGOTIABLE
YORK CITY,
CHICAGO,
AS OF 3 0
A N D ALL
OCT
NEW
IN!
30
-6 D A Y S 2 /
25
WEEKLY
SEP
REPORTING
DEPOSIT'AT
BANKS
1968
DISTRIBUTION)
YORK C I T Y
OCT
T I M E C E R T I F I C A T E S OF
CHICAGO
SEP
30 O C T
ALL
25
SEP
OTHER
30 O C T
25
SEP
1.1
4.9
1.0
3.6
1.7
4.1
19.7
22.2
14.9
21.4
21.8
25.5
02 M O N T H S
48.8
36.5
38.4
31.4
41.7
40.4
03 M O N T H S
69.5
61.4
64.0
51.7
61.5
56. 6
04 MONTHS
75,6
75.7
73.6
71.7
69.4
70. 5
05 M O N T H S
83.3
80.1
80.9
78.7
76.7
77.5
06 M O N T H S
89.4
86.6
85.9
84.4
83.3
83.5
07 M O N T H S
91.5
90.5
88.9
86.7
85.8
86.6
08 MONTHS
94.4
92.4
92.8
89.7
88.9
88.6
09 M O N T H S
95.9
95.3
94.7
93.6
91.7
91.4
10 M O N T H S
96.8
96.7
95.8
95.6
93.5
94.0
11 M O N T H S
97.8
97.7
98.2
96.8
95.2
95.6
12 M O N T H S
98.5
98.6
99.2
99.0
97.1
96.9
100.0
100.0
100.0
100.0
100.0
100.0
01 M O N T H S
3/
iR 12 M O N T H S
1/
OTHER
1968 A N D 25
(CUMULATIVE
MATURING
2C
INCLUDES ONLY CERTIFICATES
BANKS.
IN D E N O M I N A T I O N S O F
2 / N U M B E R OF
FOLLOWING
D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S
T H E L A S T W E D N E S D A Y OF T H E M O N T H .
3/
MONTHS
NUMBER
OF
FOLLOWING
THE S U R V E Y
MONTH.
$100,000
OR M O R E
ISSUED BY
PERIOD VARIES WITH
THE
WEEKLY
NUMBER
OF
REPORTING
DAYS
TABLE
3A
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 2/
AS OF 30 OCT 1968
(AMOUNTS IN MILLIONS OF DOLLARS)
$1 B I L L I O N AND' OVER
-
CD'S
$200
MILLION
A N D UNDER
$200 MILLION
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
341.5
16.0
35.9
63.7
NOVEMBER
4,463.4
271.7
597.0
DECEMBER
5,348.7
218.9
4,786.6
FEBRUARY
MATURING
IN
TOTAL
1/
PRIME 3/
-
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
226.0
68.0
110.9
47. 1
871.5
2,723.2
1,154.3
858.9
710.0
621.9
849. 8
3,658. 1
1,920.4
1,002.7
735.0
233.2
5 84.8
863. 6
3, 105.0
1,332.2
1,105.0
667.8
1,739.6
74.4
233.2
330.8
1,101.2
383. 8
474.8
242.6
MARCH
1,725.2
81.0
T87.3
330.0
1,126.9
513.6
375.4
237.9
APRIL
1,479.5
74.8
185.1
252.0
967.6
400.0
338.0
229.6
MAY
557.1
21.0
54.9
103. 6
377. 6
140.9
165.9
70.8
JUNE
722.0
21.7
60.9
152. 6
486. 8
190.6
208.0
88.2
JULY
542.0
23.2
72.1
141.4
305.3
94.5
126. 1
84.7
AUGUST
340.0
10.7
86.1
48.5
194. 7
59.4
81.9
53.4
SEPTEMBER
360.6
12.9
48.3
69.5
229. 9
64.4
109.3
56.2
OCTOBER
348.2
8.4
51.3
42.4
246. 1
50. 3
147.2
48.6
NOVEMBER
OR LATER
548.6
4.8
33.8
94.6
415.4
99.6
227.5
88.3
23,303.0
1,072.7
2,852.5
4,214.0
15,163.8
6,472.0
5,331.6
3,360.2
1968 O C T
31
1969 J A N U A R Y
TOTAL
*
(MEMORANDUM:
TAX
TOTAL
AND DIVIDEND M A T U R I T I E S )
DECEMBER
10
293.8
14.6
25.1
61.9
192.2
112.8
32.2
47.2
DECEMBER
16
990.2
17.2
56.1
97.4
819.5
581. 8
149.9
37.8
12
18
(MEMORANDUM:
261
89
NUMBER OF B A N K S )
84
51
37
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 $100,000 OR MORE ISSUED BY WEEKLY REPORTING 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 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 D E P O S I T ARE R E G A R D E D AS BEING OF THE H I G H E S T QUALITY AND WHICH
R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
*
T O T A L S M A Y NOT ADD DUE TO R O U N D I N G .
ARE
•
#
TABLE
36
*
SALES
#
e
s
s
e
/!/ 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 DEPOSIT SINCE P R E V I O U S MONTH
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF B A N K S 3/
AS OF 30 OCT 1968
(AMOUNTS IN MILLIONS OF D O L L A R S )
MATURING
1968 O C T
IN
TOTAL
$200
MI LLICN
AND UNDER
$200 MILLION
TO
$500 MILLION
$ 5 0 0 MILLION
TO
$1 [BILLION
#
2/
$1 BILLION AND OVER
-
CD'S
s
PRIME 4/
-
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
TOTAL
31
NOVEMBER
1,270.6
112.7
172.6
261.5
723. 8
318.0
195.1
210.7
DECEMBER
1,108.7
45.2
118.1
197.0
748.4
3 99.5
166.9
182.0
1,559.1
95.0
215.5
297.2
951.4
473.8
257.4
220.2
FEBRUARY
346.0
7.7
29.0
35.8
273.5
125.9
91.1
56.5
MARCH
367.3
14.3
43.6
77.2
232.2
111.4
71.0
49.8
APRIL
749.5
46.1
112.3
140.3
450. 8
165.3
180.0
105.5
MAY
101.5
3.3
9.7
22.7
65. 8
26.6
22.0
17.2
JUNE
71.2
4.9
10.6
27.1
28.6
11.0
10.8
6.8
JULY
51.4
4.8
11.4
10.9
24.3
11.5
7.7
5.1
AUGUST
28.2
1.2
6.1
1.8
19.1
2.0
10.5
6.6
SEPTEMBER
85.7
5.4
17.5
16.4
46. 4
11.9
16.8
17.7
OCTOBER
OR LATER
352.8
7.6
49.2
47.9
248. 1
62.4
129.6
56.1
6,C92.0
348.2
795.5
1,135.8
3,812.4
1,719.3
1,158.9
934.2
1969 J A N U A R Y
TOTAL
*
f M c M n D AM ft! 1 W • TAX
A
T n CM n M A T ! IQ
DECEMBER
10
64.7
2.5
2.9
11.1
48.2
31.3
6.7
10.2
DECEMBER
16
230.3
4.7
16.8
32.7
176. 1
122.3
22.0
31.8
37
7
12
13
A M m 1 JiA •
261
89
84
Ml 1M D CDI n c R A M
51
C1
1/ SEE TECHNICAL A P P E N D I X A .
^
2/ INCLUDES C E R T I F I C A T E S IN D E N C M I N A T I C N S OF $100,000 CR MORE ISSUEC BY W E E K L Y REPORTING B A N K S .
3/ TOTAL D E P O S I T S A S R E P O R T E D IN THE C A L L REPCRT OF C O N D I T I O N ON DECEMBER 31, 1965.
P R I M E B A N K S ARE THOSE WHOSE N E G O T I A B L E CERTIFICATES OF D E P O S I T ARE R E G A R D E D AS BEING OF THE H I G H E S T QUALITY AND WHICH
4/
R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
*
T O T A L S MAY N O T ADD DUE TO R O U N D I N G .
ARE
TABLE
3C
M A T U R I T Y DISTRIBUTION' 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 BY SIZE OF BANKS 2/
AS OF 30 OCT 1968
P E R C E N T A G E DISTRIBUTION
1/
$1 B I L L I O N AND OVER
CD'S
MATURING
IN
$200
MILLION
A N D UNDER
TOTAL
$200 MILLION
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
-
PRIME
TOTAL
NEW YORK
CITY
1968 O C T
31
1.5
1. 5
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
1.3
1.5
1.5
1.1
2. 1
1.4
NOVEMBER
19.2
25.3
20.9
20.7
18.0
17.8
16. 1
21.1
DECEMBER
23.0
20.4
21.8
20.2
24.1
29.7
18.8
21.9
20.5
21.7
20.5
20.5
20.5
20.6
20.7
19.9
FEBRUARY
7.5
6.9
8.2
7.9
7.3
5.9
8.9
7.2
MARCH
7.4
7.6
6.6
7.8
7.4
7. 9
7.0
7. 1
APRIL
6.3
7.0
6.5
6.0
6.4
6.2
6.3
6.8
MAY
2.4
2.0
1.9
2.5
2.5
2.2
3.1
2.1
JUNE
3.1
2.0
2.1
3.6
3.2
2.9
3.9
2.6
JULY
2.3
2.2
2.5
3.4
2.0
1.5
2.4
2.5
AUGUST
1.5
1.0
3,0
1.2
1.3
0.9
1.5
1.6
SEPTEMBER
1.5
1.2
1.7
1.6
1.5
1.0
2.1
1.7
OCTOBER
1.5
0.8
1.8
1.0
1.6
0.8
2.8
1.4
NOVEMBER
OR LATER
2.4
0.4
1.2
2.2
2.7
1.5
4.3
2.6
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
1969 J A N U A R Y
TOTAL
*
;
DIVIDEND M A T U R I T I E S )
DECEMBER
10
1.3
1.4
0.9
1.5
1.3
1.7
0.6
1.4
DECEMBER
16
4.2
1.6
2.0
2.3
5.4
9.0
2.8
2.6
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 $100,000 OR MORE I S S U E D EY WEEKLY REPORTING BANKS.
2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPORT CF C O N D I T I O N ON DECEMBER 31, 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 R E G A R D E D AS BEING OF THE H I G H E S T QUALITY AND WHICH
R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
T O T A L S M A Y N O T ADD DUE TO R O U N D I N G .
*
#
#
#
e
•
#
#
#
e
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 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 REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 30 OCT 1968
CUMULATIVE PERCENTAGE
$1 B I L L I O N
-
CD'S
MATURING
IN
TOTAL
$200
MILLION
AND UNDER
$200 MILLION
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
TOTAL
NEW YORK
CITY
—
31
AND OVER
PRIME 3/
-
1968 O C T
I/
OUTSIDE
NEW YORK
CITY
NON-PRIME
1.5
1.5
1.3
1.5
1.5
1.1
2.1
1.4
NOVEMBER
20.7
26.8
22.2
22.2
19.5
18.9
18.2
22.5
DECEMBER
43.7
47.2
44.0
42.4
43.6
48.6
37.0
44.4
64.2
68.9
64.5
62.9
64. 1
69.2
57.7
64.3
FEBRUARY
71.7
75. a
72.7
70.8
71.4
75.1
66.6
71.5
MARCH
79.1
83.4
79.3
78.6
78.8
83.0
73.6
78.6
APRIL
85.4
90.4
85.8
84.6
85.2
89.2
79.9
85.4
MAY
87.8
92.4
87.7
87. 1
87.7
91.4
83.0
87.5
JUWE
90.9
94.4
89.8
90.7
90.9
94.3
86.9
90.1
JULY
93.2
96.6
92.3
94.1
92.9
95.8
89.3
92.6
AUGUST
94.7
97.6
95.3
95.3
94.2
96.7
90.8
94.2
SEPTEMBER
96.2
98.8
97.0
96.9
95.7
97.7
92.9
95.9
OCTOBER
97.7
99 . 6
98.8
97.9
97.3
98.5
95.7
97.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
1969 J A N U A R Y
NOVEMBER
OR LATER
1/ I M C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $100,000 CR MORE ISSUED BY W E E K L Y REPORTING 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 CONDITION ON DECEMBER 31, 1 9 6 5 .
3/ P R I M E B A N K S ARE THOSE WHOSE N E G O T I A B L E CERTIFICATES OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T QUALITY
R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY M A R K E T .
AND WHICH
ARE
TABLE 3E
SALES /I/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY R E D O R T I N G BANKS BY SIZE OF BANKS 3/
AS OF 30 OCT 1968
PERCENTAGE DISTRIBUTION
$1 BILLION AND OVER
CD'S MATURING
1968 OCT
IN
TOTAL
$200
MI LLI CIS!
AND UNDER
$200 MILLION
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
-
PRIME 4/
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-°RIME
31
NOVEMBER
20.9
32.4
21.7
23.0
19.0
18.5
16.8
22.6
DECEMBER
18.2
13.0
14.8
17.3
19.6
23.2
14.4
19.5
25.6
27.3
27.1
26.2
25.0
27.6
22.2
23.6
FEBRUARY
5.7
2.2
3.6
3.2
7.2
7.3
7.9
6.0
MARCH
6.0
4. 1
5.5
6.8
6. 1
6.5
6. 1
5.3
APRIL
12.3
13.2
14.1
12.4
11.8
9.6
15.5
11.3
MAY
1.7
0.9
1.2
2.0
1.7
1.5
1.9
1.8
JUNE
1.2
1.4
1.3
2.4
0. 8
0.6
0.9
0.7
JULY
0.8
1.4
1.4
1.0
0.6
0.7
0.7
0.5
AUGUST
0.5
0.3
0 .8
0.2
0.5
0.1
0. 9
0.7
SEPTEMBER
1.4
1.6
2.2
1.4
1.2
0.7
1.4
1.9
OCTOBER
OR LATER
5.8
2.2
6.2
4.2
6. 5
3.6
11.2
6.0
100.0
100.0
100.0
1C0.0
100.0
100.0
100.0
100.0
1969 J A N U A R Y
TOTAL
*
A \i n Ulv
n t lUtlNU
v t n p mMATURITIES)
n
IRA MINU
% ('I
DECEMBER
10
1.1
0.7
0.4
1.0
1.3
1.8
0.6
1.1
DECEMBER
16
3.8
1.3
2.1
2.9
4.6
7.1
1.9
3.4
(MEMORANDUM:
261
89
NUMBER OF
84
51
37
7
12
1/ SEE TECHNICAL APPENDIX A .
2/ INCLUDES C E R T I F I C A T E S IN DENOMINATICNS OF $100,000 CR MORE ISSUED EY WEEKLY REPORTING BANKS.
3/ TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPORT CF CONDITION ON DECEMBER 31, 196*.
4/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THF SECONDARY MARKET
*
TOTALS MAY NOT ADD DUE TO ROUNDING.
18
T A B L E 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 D E P O S I T
AT WEEKLY
REPORTING
AT V A R I O U S
1/
BANKS
S U R V E Y DATES
(IN MONTHS )
BANK • C L A S S I F I C A T I O N
—
—
30 OCT
DAT F OF
1963
25—SEP
SURVEY
1968
——,—, ______
28 AUG 1968
(BY L O C A T I O N )
ALL REPORTING BANKS
ISSUING CD'S
3.3
3.5
3.7
2.9
3. 3
3.6
CHICAGO
3.3
3.7
3.7
OTHER
3.5
3.6
3.7
NEW
YORK CITY
(BY
UNDER
$2 00 MILLION
SIZE OF
B A N K ) 2/
2>8
2.8
2.9
$200— $500 PILLION
3.2
3.4
3.4
$500— $1tOOO MILLION
3.3
3. 5
3.6
OVER
3.3
3.6
3.8
$1 B I L L I O N
PRIME
IN NEW YORK CITY 3/
2.9
3.3
3.6
PRIME
OUTSIDE
3.8
4.0
4.1
3.3
3.4
3.6
NEW YORK C I T Y 3/
NON-PRIME
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
3/
PRIME B A N K S A R E THOSE WHCSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
W H I C H ARE R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
D E P O S I T S AS R E P O R T E D
$100,000 OR MORE
IN THE CALL REPORT
ISSUED BY W E E K L Y R E P O R T I N G
CF CONDITION ON
DECEMBER
31,
BANKS.
1965.
T A B L E 4B
AVERAGE MATURITY
OF
NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
SOLD BY W E E K L Y
1/
REPORTING BANKS
DURING T H E M O N T H OF V A R I O U S SURVEYS
(IN M O N T H S )
DATE OF
BANK C L A S S I F I C A T I O N
30 OCT
1968
25-SFP
SURVEY
1968
28 AUG
1968
(BY L O C A T I O N )
ALL
REPORTING
BANKS
3.3
3.4
3.6
MEW YORK C I T Y
2.9
2.8
3.2
CHICAGO
3.1
4.5
4.1
OTHER
3.6
3.5
3.7
ISSUING CD'S
(BY SIZE OF
B A N K ) 2/
2.8
3.0
2.9
$200— $500 M I L L I O N
3.5
3.7
3. 9
$500— $11 000
3.2
3.5
3. 5
3.4
3.4
3.7
UNDER
OVER
$200 M I L L I O N
MILLION
$1 B I L L I O N
PRIME
IN NEW YORK CITY 3/
2.9
2.9
3.2
PRIME
OUTSIDE
4.1
4.C
4.2
3.3
3. 5
3.6
NEW YORK CITY 3/
NON-PRIME
1/
INCLUDES CERTIFICATES
2/
TOTAL
3/
P R I M E B A N K S APE 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 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 EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE—SEE
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
TECHNICAL APPENDIX
B.
IN THE CALL
$100*000 OR MORE
REPORT
ISSUED BY W E E K L Y REPORTIN G
OF C O N D I T I O N ON DECEMBER
31,
BANKS.
1965.
T A B L E 5A
P A T I O OF OUTSTANDING N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T
TO TOTAL
1/
DEPOSITS
AT V A R I O U S S U R V E Y DATES
(PER
CENT)
DATE OF
TOTAL D E P O S I T S 2/
(IN M I L L I O N S OF DOLLARS)
3 0 OCT
ALL B A N K S ISSUING
CD'S
25 SEP
1968
28 AUG
1968
10.7
10.3
10.6
UNDER
200
7.1
7.1
7.3
200 -
500
9.2
8.8
8.8
500 -
1000
10.4
10.2
10.4
11-5
11.1
11.5
12.9
12.1
12.8
9.7
9.7
9.9
12.4
12.1
12.4
OVER
1000
PRIME
IN NEW YORK 3/
PRIME O U T S I D E NEW YORK 3/
NONPRIME
1/ I N C L U D E S C E R T I F I C A T E S
2/ TOTAL
1968
SURVEY
IN DENOMINATIONS OF
D E P O S I T S AS R E P O R T E D
$100,000
OR MORE
ISSUED BY W E E K L Y R E P O R T I N G
IN T H E CALL REPORT OF CONDITION ON DECEMBER
BANKS.
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 ARE R E G A R D E D AS B E I N G OF THE HIGHEST QUALITY AND
WHICH ARE R E P O R T E D BY D E A L E R S TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE-
D E P O S I T S IN THE D E N O M I N A T O R OF THE R A T I O
I N T E R B A N K A N D U.S. G O V E R N M E N T D E P O S I T S .
IN THIS T A B L E ARE TOTAL
D E M A N D AND TIME D E P O S I T S , INCLUDING
T A B L E 5B
PATIO 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/
T O TOTAL
DEPOSITS
AS CF 30 OCT
1968
(NUMBER OF B A N K S )
TOTAL
D E P O S I T S 2/
(IN M I L L I O N S OF
ALL
5%
OR
LESS
DOLLARS)
B A N K S ISSUING
CD'S
5
TO
10%
10
TO
15%
15
TO
20%
20
TO
2 5%
25%
OR
MORE
A V E R A G E CD
TO D E P O S I T
R A T I O (PER C E N T )
90
76
44
32
15
4
L0.7
UNDER
200
41
30
7
7
4
0
7.1
200 -
500
33
18
18
7
4
4
9.2
500 -
1000
13
15
10
9
4
0
10.4
3
13
9
9
3
0
11.5
0
2
3
2
0
0
12.9
1
7
0
3
1
0
9.7
2
4
6
4
2
0
12.4
OVER
1000
PRIME
IN NEW YORK 3/
PRIME O U T S I D E
NEW YORK 3 /
NGNPR IME
1/ I N C L U D E S C E R T I F I C A T E S
2/ TOTAL
IN
D E N O M I N A T I O N S OF
D E P O S I T S AS R E P O R T E D
$100,000
OR MORE
IN THE CALL REPORT CF CONDITION
ISSUED BY WEEKLY REPORTING
ON DECEMBER
BANKS.
31, 1965.
3/ P R IM 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 THE H I G H E S T QUALITY 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 W I T H I N 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 .
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. GOVERNMENT DEPOSITS^
IN THIS T A B L E ARE TOTAL
DEMAND AND TIME D E P O S I T S ,
INCLUDING
T A B L E 5C
PER
CENT CHANGE
IN OUTSTANDING N E G O T I A B L E TIME C E R T I F I C A T E OF D E P O S I T
25 SEP 1968 TO 30 OCT
(NUMBER OF
TOTAL
UN
ALL
D E P O S I T S 2/
REDUCED
CD'S TO
ZERO
M I L L I O N S OF D O L L A R S )
B A N K S ISSUING
CD'S
/I
1968
BANKS)
DECLINES OF
—— —
—
10% OR
5 TO
5% OR
MORE
10%
LESS
INCREASES OF
N 0
CHANGE
5% OR
LESS
5 TO
10%
1 0 % OR
MORE
30
26
36
19
45
46
59
ISSUED CD'S BUT
H A D NONE OUTSTANDING ON BASE DATE
UNDER
200
2
15
8
10
7
14
11
24
0
200 -
5 00
0
11
6
10
9
13
18
17
0
5 00 -
1000
0
4
8
8
2
8
10
11
0
0
0
4
8
1
10
7
7
0
0
0
0
i
0
2
2
2
0
P R I M E O U T S I D E NEW YQRK 3/
0
0
0
5
0
4
2
1
0
NONPRIME
0
0
4
2
1
4
3
4
0
OVER
1000
PRIME
IN NEW YORK 3/
1/ INCLUDES C E R T I F I C A T E S
2/ TOTAL
IN D E N O M I N A T I O N S OF $100 ,000 OR MORE
D E P O S I T S AS R E P O R T E D
ISSUED
BY WEEKLY REPORTING
IN THE CALL REPORT CF C O N D I T I O N ON DECEMBER
31 ,
BANKS.
1965.
3/ PRIME B A N K S ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS BEING OF THE H I G H E S T QUALITY
W H I C H ARE R E P O R T E D BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS P O I N T S OF EACH OTHER WITHIN THE S E C O N D A R Y MARKET
NOTE-
THE N U M B E R OF B A N K S IN T H I S TABLE DIFFERS FROM T H O S E IN M O S T OTHER TABLES TO THE E X T E N T THAT B A N K S THAT
HAD O U T S T A N D I N G C D ' S ON THE LAST SURVEY 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 50
PER
CENT 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 TIME C E R T I F I C A T E OF D E P O S I T /I
31 JUL
1968 TO 30 OCT
(NUMBER OF
TOTAL
fIN
D E P O S I T S Z2
REDUCED
CD'S 25%
TO
OR
ZERO
MORE
M I L L I O N S OF D O L L A R S )
ALL B A N K S ISSUING
CO' S
1968
BANKS)
DECLINES OF
20
TO
25%
15
TO
10
TO
15%
20%
18
INCREASE OF
5
TO
10%
5%
OR
LESS
11
18
20
NO
5%
OR
LESS
5
TO
10%
11
32
29
29
18
11
51
CHANGE
10
TO
15%
20
15
TO
TO
25%
20%
25%
OR
MORE
ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE
UNDER
200
2
8
3
2
4
8
4
5
9
9
6
6
4
21
1
200 -
50C
1
9
2
3
2
5
5
4
10
6
9
7
3
19
O
500 -
1000
0
1
a
1
4
2
9
2
6
7
5
2
2
9
1
0
0
0
1
1
3
2
0
7
7
9
3
2
2
0
0
0
0
0
0
L
1
0
2
2
0
0
1
0
0
0
0
0
1
a
1
1
0
3
1
3
2
0
0
0
0
0
0
0
l
1
0
0
2
4
6
1
1
2
0
OVER
1000
PRIME
IN NEW Y O R K 3/
P R I M E O U T S I D E NEW
NONPRIME
YORK
37
1/ I N C L U D E S C E R T I F I C A T E S
2/ TOTAL
NOTE-
IN D E N O M I N A T I O N S OF $ 1 0 0 * 0 0 0 OR MORE
D E P O S I T S AS R E P O R T E D
IN THE CALL
REPORT
ISSUED BY W E E K L Y REPORTING
CF CONDITION ON DECEMBER
31,
BANKS.
1965.
THE N U M B E R OF B A N K S IN THIS T A B L E DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT B A N K S THAT
HAD O U T S T A N D I N G C D ' S ON THE SURVEY T H R E E MONTHS PRIOR TO THE C U R R E N T SURVEY, REDUCED THEIR
O U T S T A N D I N G S TO Z E R C .
T A B L E 5E
CHANGE
IN O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T 1/
OVER THE M O N T H AS A PER CENT OF TOTAL
AT THE
BEGINNING OF THE
25 SEP
1968 TO 30 OCT
(NUMBER OF
PERIOD
1968
BANKS)
I N C R E A S E S OF
DECLINES OF
TOTAL D E P O S I T S 2/
3%
AND
OVER
(IN M I L L I O N S OF D O L L A R S )
ALL
DEPOSITS
B A N K S ISSUING
CD'S
1%
ANO
LESS
1
TO
2
TO
3%
2%
NO
CHANGE
1%
AND
LESS
3%
AND
OVER
2
TO
3%
1
TO
2%
2
3
17
70
19
109
19
14
8
UNDER
200
2
2
7
22
7
41
4
3
1
200 -
500
0
0
5
22
9
34
5
6
3
500 -
1000
0
1
5
14
2
18
6
2
3
0
0
0
12
1
16
4
3
1
0
" 0
0
1
0
4
2
0
0
P R I M E O U T S I D E NEW YORK 3/
0
0
0
5
0
6
0
1
0
NONPRIME
0
0
0
6
1
6
2
2
1
OVER
1000
PRIME
IN N E W Y O R K 3/
1/ I N C L U D E S C E R T I F I C A T E S
2/ T O T A L
IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE
D E P O S I T S AS R E P O R T E D
ISSUED BY W E E K L Y REPORTING
IN THE CALL REPORT OF CONDITION ON
DECEMBER
31,
BANKS.
1965.
3/ P R I M E B A N K S A R E THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING O F THE HIGHEST QUALITY AND
W H I C H ARE 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 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
I N T E R B A N K A N D U.S. G O V E R N M E N T D E P O S I T S .
IN THIS T A B L E ARE TOTAL
D E M A N D AND TIME D E P O S I T S , INCLUDING
TABLE
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 1/
THE LAST THREE M O N T H S
AT THE
AS A P E R
1968 TO 30 OCT
tNUMBER OF
TOTAL
ALL
DEPOSITS
2/
1968
BANKS)
D E C L I N E S OF
M I L L I O N S OF D O L L A R S )
BANKS
CD'S
CENT OF TOTAL D E P O S I T S
BEGINNING OF T H E PERIOD
31 JUL
(IN
5F
5%
AND
OVER
3
TO
4%
4
TO
5%
I N C R E A S E S OF
2
TO
3%
1
TO
2%
1%
AND
LESS
NO
CHANGE
1%
AND
UNDER
1
TO
2%
2
TO
3%
3
TO
4%
4
TO
5%
5%
AND
OVER
ISSUING
0
1
4
6
17
53
12
80
42
23
10
4
9
UNDER
200
0
1
2
3
a
16
5
28
14
7
3
1
1
200 -
50C
0
0
2
3
6
16
4
23
14
7
2
2
S
500 -
1000
0
0
0
0
2
15
3
13
8
2
4
1
3
0
0
0
0
1
6
0
16
6
7
i
a
0
0
0
0
0
0
2
0
2
2
1
0
0
0
0
0
0
0
1
2
0
7
0
2
0
0
0
0
0
0
0
0
2
C
7
4
4
1
0
0
OVER
1000
PRIME
IN NEW Y O R K 3/
P R I M E O U T S I D E NEW
NONPRIME
YORK
3/
1/ I N C L U D E S C E R T I F I C A T E S
2/ TOTAL
IN D E N O M I N A T I O N S OF
D E P O S I T S AS R E P O R T E D
$100 ,000 OR MORE
IN THE CALL REPORT OF
ISS UED
BY WEEKLY REPORTING
CON C IT ION ON DECEMBER
BANKS.
31, 1965 •
3/ P R I M E B A N K S APE THOSE WHOSE N E G O T I A B L E C E R T I F I CATES 0 F OEPJSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T QUALITY AND
W H I C H ARE 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 POINTS OF EACH OTHER WITHIN T H E S E C O N D A R Y M A R K E T .
NOTE-
D E P O S I T S IN THE D E N C M I N A T O R OF THE R A T I O
I N T E R B A N K A N D U.S. G O V E R N M E N T D E P O S I T S .
IN| THIS T A B L E ARE TOTAL
DEMAND AND TIME D E P O S I T S , INCLUDING
T A B L E 6A
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N C 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
BY FEDERAL R E S E R V E DISTRICT
AS OF 30 OCT
(AMOUNTS
CD'S MATURING
IN
ALL
DISTRICTS
BOSTON
341.7
31.7
NOV
4463.3
DEC
IN MILLIONS OF
DOLLARS)
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
38.7
2.9
3.2
10.2
26.4
60.3
148.1
568.2
93.4
43.1
93.3
297.4
766.7
118.5
156.0
706.8
82.3
88.7
113.6
333.4
678.1
281.4
67.4
132.8
755.6
68.1
96.7
136.0
370.7
744.6
55.1
127.7
28.1
79.5
291.8
44.4
32.3
42.5
104.8
348.1
641.8
71.0
78.6
48.5
71.7
225.5
29.2
27.4
45.8
113.9
290.7
67.1
520.2
40.8
112.0
41.6
47.4
172.8
39.8
23.0
26.3
108.7
279.6
557.0
36.4
180.6
14.8
30.2
11.2
23.4
92.4
13.2
5.6
5.9
22.7
120.6
J UN
721.9
69.1
254.2
32.4
72.5
8.4
27.7
108.5
11.3
6.9
12.4
32.2
86.3
JUL
541.9
20.2
143.2
24.4
77.0
4.8
40.7
65.7
7.0
6.1
15.6
54.2
83.0
AUG
339.9
17.8
88.7
7.9
70.0
2.6
9.8
43.8
2.1
4.1
18.1
15.7
59.3
SEP
360.6
11.9
100.3
12.0
34 .6
12.2
16.1
73.2
6.7
1.5
8.2
18.5
65.4
OCT
348.3
8.5
69.2
4.9
31.5
13.3
8.1
29.6
2.3
1.9
24.0
12.9
142.1
NOV O R LATER
548.7
38.1
136.5
18.8
189.7
10.0
16.5
56.6
2.1
0.8
0.4
35.5
43.7
23302.7
1350.5
8493.2
6 89.4
1684.2
455.6
786.7
3229.2
404.8
341.3
552.3
1547.0
3768.5
3.2
3.0
2.9
3.4
4.6
3.4
3.5
3.2
3.0
2.9
3.3
3.1
3.4
*261
17
49
10
19
15
21
36
11
21
24
33
NEW
YORK
CL EV ELAND
89.2
8.4
55.6
6.2
8.9
344.2
1641.6
127.7
256.8
82.8
5348.7
292.4
2^59,6
152.7
266 . 6
1969 JAN
4786.6
257.9
1756.9
118.5
FEB
1739.5
74.0
511.2
MAR
1725.3
91.2
APR
1479.3
MAY
1968 OCT
31
*
AVERAGE MATURITY
IN M O N T H S 2/
N U M B E R OF R E P O R T I N G
BANKS
1/
RICHMOND
ATLANTA
CHICAGO
INCLUDES O N L Y C E R T I F I C A T E S I S S U E D IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR M O R E BY W E E K L Y REPORT ING
2/ SEE T E C H N I C A L APPENDIX
*
1968
PHILADELPHIA
TOTAL
1/
B.
D E T A I L S M A Y N O T A D D TO T O T A L S DUE
TO R G U N D I N G .
BANKS.
T A B L E 66
1/
2/
SALES 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 DEPOSIT
WEEKLY REPORTING BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 30 OCT
(AMOUNTS
CD'S MATURING
IN
ALL
DISTRICTS
BOSTON
1968 NOV
1270.6
101.2
DEC
1108.6
1969 JAN
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
F R AN—
CISCO
144.6
25.3
9.6
23.2
101.2
195.2
23.1
129.2
12.9
16.9
26. 1
89.2
117.5
35.7
48.5
243.1
24.4
19.5
53.8
82.8
180.1
15.4
7.0
6.1
74.4
3.8
2.7
5.4
7.6
46.2
19.8
18.6
14.7
20.5
57.8
4.2
4.7
6.3
20.6
42.5
221.2
17.5
35.2
30.9
36.1
90.9
9.4
14.5
16.6
75.1
173.5
12.9
34.6
0.3
1.9
7.0
9.0
6.2
0.7
0.5
1.0
1.5
25.8
71. 1
18.4
19.9
0.3
4.7
3.4
1.2
11.8
0.6
0.4
1.2
2.5
6.7
JUL
51.4
4.7
13.9
1.1
2.4
1.8
6.9
7.9
0.2
0.5
2.6
3.4
6.0
AUG
28.4
5.3
2.9
0.6
6.0
1.2
0.3
2.7
0.3
0.6
2.0
0. 0
6.5
SEP
85.5
4.6
30.2
1.1
3.7
0.4
7.4
14.0
1.8
0.5
2.0
2.3
17.5
354.2
9.2
76.1
3.9
25.3
13.1
6.2
22.0
0.5
2.7
23.6
22.6
149.0
6093.5
393.2
2342.4
165.6
310.1
162.2
219.1
804.6
84.1
73.1
163.8
408.8
966.5
3.3
3.0
2.8
2.8
3.6
4.0
3.5
3.1
2.5
3.3
4.1
NEW
YORK
506.0
31.9
58.7
19.9
53.8
73.5
503.0
38.4
51.7
27. 1
1559.3
100.8
642.4
41.7
86.5
FEB
345.9
14.4
153.9
9.0
MAR
367.5
19.5
138.3
APR
749.6
28.7
MAY
101.4
J UN
LATER
*
1/
SEE T E C H N I C A L
2/
INCLUDES O N L Y C E R T I F I C A T E S
3/
SEE T E C H N I C A L
APPENDIX
RICHMOND
ATLANTA
CHICAGO
3. 1
4.4
A.
ISSUED IN D E N O M I N A T I O N S OF $ 1 0 0 * 0 0 0 OR MORE BY WEEKLY REPORTING
BANKS.
APPENDIX B.
DETAILS MAY NOT ADD
•
IN MILLIONS OF DOLLARS)
CL EVELAND
AVERAGE MATURITY
IN M O N T H S 3/
*
1968
PHILADELPHIA
OCT OR
TOTAL
SINCE PREVIOUS MONTH
•
TO T O T A L S DUE TC
•
RCUNDING.
•
•
•
•
•
•
•
#
•
•
•
•
#
#
e
e
#
T A B L E 6C
M A T U R I T Y D I S T R I B U T I O N GF 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 1/
AT W E E K L Y R E P O R T I N G BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 30 OCT
(PERCENTAGE
CD'S MATURING
IN
ALL
DISTRICTS
BOSTON
1.5
2.3
NOV
19.2
DEC
DISTRIBUTION)
CLEVELAND
1.1
1 .2
25.5
19.3
18.5
23.0
21.7
27.8
1969 JAN
20.5
19.1
FEB
7.5
MAR
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
FRANCISCO
1.4
1.1
1.2
0.7
0.9
1.8
1.7
1.6
15.2
18.2
18.8
17.6
23.1
12.6
16.9
19.2
20.3
22.1
15.8
26.0
19.8
21.9
20.3
26.0
20.6
21.6
18.0
20.7
17.2
16.7
14.8
16.9
23.4
16.8
28.3
24.6
24.0
19.8
5.5
6.0
8.0
7.6
6.2
10.1
9.0
11.0
9.5
7.7
6.8
9.2
7.4
6.0
7.6
10.3
4.7
10.6
9.1
7.0
7.2
8.0
8.3
7.4
7.7
APR
6.3
5.0
6.1
5.9
6.7
9.1
6.0
5.4
9.8
6.7
4.8
7.0
7.4
MAY
2.4
2.7
2.1
2.1
1.8
2.5
3.0
2.9
3.3
1.6
1.1
1.5
3.2
J UN
3.1
5.1
3.0
4.7
4.3
1.8
3.5
3.4
2.8
2.0
2.2
2. 1
2.3
JUL
2.3
1.5
1.7
3.5
4.6
1.1
5.2
2.0
1.7
1.8
2.8
3.5
2.2
AUG
1.5
1.3
1.0
1.1
4.2
0.6
1.2
1.4
0.5
1.2
3.3
1.0
1.6
SEP
1.5
0.9
1.2
1 .7
2.1
2.7
2.0
2.3
1.7
0.4
1.5
1.2
1.7
OCT
1.5
0.6
0.8
0.7
1.9
2.9
1.0
0.9
0.6
0.6
4.3
0.8
3.8
2.4
2.8
1.6
2.7
11.3
2.2
2.1
1.8
0.5
0.2
0. 1
2.3
1.2
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
1968 OCT 31
NOV OR
1/
RICHMOND
ATLANTA
1 n
I m
PHI LADELPHIA
TOTAL
NEW
YORK
1968
*
LATER
INCLUDES O N L Y C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF $ l Q O t O O O OR MORE BY W E E K L Y R E P O R T I N G
BANKS.
TABLE 6D
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 1/
AT W E E K L Y REPORTING BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF
30 OCT
1968
(CUMULATIVE P E R C E N T A G E )
CD* S M A T U R I N G
IN
ALL
DI STRICTS
BOSTON
1.5
2.3
NOV
20.7
DEC
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
1.2
0.7
0.9
1.8
1.7
1.6
19.9
18.8
23.8
13.5
18.7
20.9
21.9
45.6
39.7
40.7
44.1
39.5
39.3
42.5
39.9
51.0
60.4
56.6
64.1
60.9
67.8
63.9
66.5
59.7
67.0
58.6
66 • 6
66.7
73.1
71.9
77.3
71.6
73.3
68.9
82.5
77.3
63.3
77.2
75.8
80.1
79.1
85.3
79.9
80.7
76.6
85.1
88.6
83.2
70.0
86.3
81.8
85.5
88.9
92.0
84.7
87.7
84.0
87.8
87.8
90.7
85.3
71.8
88.8
84.8
88.4
92.2
93.6
85.8
89.2
87.2
J UN
90.9
92.9
93.7
90.0
76.1
90.6
88.3
91.8
95.0
95.6
88.0
91.3
89.5
JUL
93.2
94.4
95.4
93.5
80.7
91.7
93.5
93.8
96.7
97.4
90.8
94.8
91.7
AUG
94.7
95.7
96.4
94.6
84.9
92.3
94.7
95.2
97.2
98.6
94.1
95.8
93.3
SEP
96.2
96.6
97.6
96.3
87.0
95.0
96.7
97.5
98.9
99.0
95.6
97.0
95.0
OCT
97.7
97.2
98.4
97.0
88.9
97.9
97.7
98.4
99.5
99.6
99.9
97.8
98.8
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
NEW
YORK
PHILADELPHIA
CL E V E LAND
1.1
1.2
3.3
1.4
1.1
27.8
20.4
19.7
18.5
19.6
43.7
49.5
48.2
41.8
34.3
1969 JAN
64.2
68 . 6
68.9
59.0
FEB
71. 7
74. 1
74.9
MAR
79. 1
80.1
APR
85.4
MAY
1968 O C T
31
NOV OR
1/
LATER
INCLUDES O N L Y C E R T I F I C A T E S
•
#
I S S U E D IN DENOMINATIONS OF
#
#
RICHMOND
ATLANTA
CHICAGO
$100* 000 OR MORE BY WEEKLY R E P O R T I N G B A N K S *
#
#
#
#
#
*
T A B L E 6E
1/
2/
S A L E S OF NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S MONTH
WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E DISTRICT
AS OF 30 OCT
(PERCENTAGE
CD'S
MATURING
IN
ALL
DISTRICTS
BOSTON
1968 NOV
20.9
25.7
DEC
18.2
1969 JAN
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
18.0
30.1
13.1
14.2
24.8
20.2
10.5
16.1
15.3
23.1
15.9
21.8
12.2
22.0
22.1
30.2
29.0
26.7
32.8
20,3
18.6
5.0
4.3
2.8
9.2
4.5
3.7
3.3
1.9
4.8
12.0
6.0
9.1
9.4
7.2
5.0
6.4
3.8
5.0
4.4
9.4
10.6
11.4
19.1
16.5
11.3
11.2
19.8
10.1
18.4
18.0
3.3
1.5
0.2
0.6
4.3
4.1
0.8
0.8
0.7
0.6
0.4
2.7
1.2
4.7
0.8
0.2
1.5
2.1
0.5
1.5
0.7
0.5
0.7
0.6
0.7
JUL
0.8
1.2
0.6
0.7
0.8
1.1
3.1
1.0
0.2
0.7
1.6
0.8
0.6
AUG
0.5
1.3
0.1
0.4
1.9
0.7
0.1
0.3
0.4
0.8
1.2
0.0
0.7
SEP
1.4
1.2
1.3
0.7
1.2
0.2
3.4
1.7
2.1
0.7
1.2
0.6
1.8
5.8
2.3
3.2
2.4
8.2
8.1
2.8
2.7
0.6
3.7
14.4
5.5
15.4
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
NEW
YORK
CL EV EL AND
21.6
19.3
18.9
12.3
24.6
18.7
21.5
23.2
16.7
16.7
25.6
25.6
27.4
25.2
27.9
FEB
5.7
3.7
6.6
5.4
MAR
6.0
5.0
5.9
APR
12.3
7.3
MAY
1.7
J UN
LATER
*
1/
SEE
2/
INCLUDES O N L Y C E R T I F I C A T E S
NOTE -
DISTRIBUTION)
PHILADELPHIA
OCT OR
TOTAL
1968
TECHNICAL
SALES
APPENDIX
CHICAGO
A.
IN T H I S TABLE ARE
ISSUED IN OENCPINATICNS OF
$100,000 OR MORE BY W E E K L Y R E P O R T I N G B A N K S .
NOT A D J U S T E D FOR CD'S THAT. H A V E M A T U R E D .
* D E T A I L S MAY NOT ADD TO T O T A L S DUE TO R O U N D I N G .
RICHMOND
ATLANTA
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 d a t e — a r e assumed to mature in the middle of the
period between the .survey date and the end of the calendar month in which
the survey is taken.
The weights are the quantity of CD's maturing in each
month or fraction thereof as a proportion of total CD's outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.
All of these CD's are assumed to mature in the
middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.
That is, they
are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.
Any CD's sold between
survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.
Technical Note B (continued)
This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date.
While it appears more logical to
assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce compatibility between average
maturities of outstandings and of sales as a result of using two different
starting dates for the calculations.
If the assumption is made that all CD's
are sold at the mid-point between surveys, the average maturity of sales would
be lengthened relative to the average maturity of outstandings, by, in effect,
using an earlier starting date for sales than for outstandings.
Sales of CD's maturing in a particular month are often a large
and highly variable proportion of total sales while changes in outstandings
due in any particular month are a small and rather stable proportion of the
level of total outstandings.
As a result, the average maturity of sales is
much more sensitive to month-to-month variation in the maturity structure of
sales than is the case with the outstandings series.
Thus, large changes in
the calculated average maturity of sales, or situations in which the average
maturity of sales differ sharply from the average maturity of outstandings.
should be interpreted with care and references should be made to actual dollar
sales by month.
Formulas for calculation of average maturities are available on
request from the Banking Section, Division of Research and Statistics, Board
of Governors of the Federal Reserve System.
@FedFRASER