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February 23, 1973 H L D E R A L OF RESERVk K A N S FVUV< ^ L.4.1 A S 2 R E S E A R C H M CONFIDENTIAL (FR) V I;' U ^ C U Y - SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF January 31, 1973 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE: MATURITY DISTRIBUTION OF OUTSTANDING WEEKLY AS CD1S MATURING 19/3 JANUARY REPORTING OF 31 JAN TIME CERTIFICATES OF DEPOSIT AT BANKS 1973 SALES SINCE P R T L L O U S M O N T H ?/ (MILI I O N S O F D O L L A R S ; PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE .0 .0 .0 .0 FEBRUARY 12,603.2 27.5 27.5 6,188.4 MARCH IN,252.5 PP.4 49.9 3,779.5 APRIL 7,916.7 17.3 67.2 3,943.8 MAY 3,514.8 7.7 74,9 675.? JUNE 3,399.7 7.4 8<F.3 699 . P JULY 2,475.5 5.4 37.7 1 , 566.6 AUGUST 7 5 1 .7 1.6 89.3 SEPTEMBEN 77 / . 0 1.7 9 1 . 0 99.7 OCTOBER 917,3 P.O 93.0 99.7 NOVEMBER 744.7 1 .6 44.6 55.3 DECEMBER 684.8 1 .5 9B. 1 1«7,1 JANUARY 643.0 1 .4 97.S 580.5 1,111.2 2.4 1 0 0.0 45,782.2 100.0 OVER 12 31 MONTHS TOTAL (MEMORANDUM: MARCH MARCH APRIL 12 15 16 1/ INCLUDES 2/ SkE 591.9 1,697.2 1,270.0 ONLY TECHNICAL 3/ SALES OF TAX CD'S CERTIFICATED IN APPENDIX A. MATURING AFTER OF N O M I N A T I O N S 11 MONTHS• AND DIVIDEND 11 0 0 , 0 0 fi OH> M O R F XXX XXX 18,016.7 MATURITIES) 1.3 3.7 2.8 Oh 141.7 186.4 441.5 497.0 1 X > X l xxx 1974 NEGOTIABLE AMOUNT ( M I L L I O N S OF DOLLARS) IN I ISSUED MY WEEKLY REPORTING HANKS. 3/ TARLE ?A 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 F G O T T A R L F TIMF 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 O T H E R W E E K L Y R E P O R T I N G AS (IN NEW JAN IN AMOUNT 31 MIL I I O N S OF 1973 HOLLARS) CITY SALES PREVIOUS CHICAGO SINCE MONTH AMOUNT AIL SALES PREVIOUS 2/ SINCE MONTH OTHER AMOUNT ?/ WEEKLY REPORTING SALES PREVIOUS .0 .0 .0 .0 FEBRUARY 4,992.4 2,620.2 1,054.2 346.6 6,554.2 3,221.8 MARCH 4,345.3 1,827.5 993.2 274.4 4,914.0 1,677.7 APRIL 2,681.5 1,329.5 967. 1 59?.7 4,268.1 2 , 0 2 1 .5 MAY 1,169.4 263 .2 267.4 56.6 2,078.0 357.4 JUNE 926.4 248.9 3 5 1 .9 18.0 2,111.5 432.5 JULY 548.1 452.7 224.6 203.8 1,702.7 910.0 AUGUST 98.5 27.0 6?.4 1.4 590.9 113.4 SEPTEMBER 91.9 16.6 40.8 13.4 636.4 69.8 147.1 23.4 104.9 .8 665.3 75.5 NOVEMRER 58.7 5.6 51 .3 4.6 634.7 45.1 DECEMBER 4 1 .0 16.7 44.6 8.8 594.9 159.? JANUARY 52.0 48.7 3Q.8 31.2 552.2 500.6 161.2 XXX 83.2 XXX 866.8 XXX 15,314.0 6,878.0 4,29A.4 1,552.3 REPORTING BANKS 12 12 TAX AND DIVIDEND MATURITIES) 1/ INCLUDES 2/ SFE I I I I I I I I I I I I I I I I I I I I I I MARCH MARCH APRIL 12 15 16 ONLY TECHNICAL 188.6 910.6 535.9 CERTIFICATES APPENDIX Digitized 3for / FRASER S A L E S OF C D ' S M A T U R I N G http://fraser.stlouisfed.org/ • T O T A Bank L S Mof J @St.NLouis OT ADD OUF % Federal Reserve I I I I I I I I I I T I I I I L I L I I L I (MEMORANDUM: 9,584.5 I RU I 1 W1 I I I J-L I I I I L I I I I I OF I 1 NUMRFR » \> > TOTAL I I MONTHS I I 12 L I I I OVER /3 I > 1 <O .0 /3 IN 49.3 248.0 128.5 DENOMINATION OF 54.3 103.9 102.0 $1 0 0 , 0 0 0 OP MORE ISSUED 31.1 23.1 45.1 RY WEEKLY REPORTING 349.1 682.6 632.1 RANKS. A. AFTER Q 11 MONTHS. ROUNDING. # & # # # BANKS SINCE MONTH .0 OCTOBER 1974 ,|AN I I I I 1973 MATURING 31 AT I I CD'S YORK OF OF D E P O S I T RANKS 106.1 170.2 323.5 ?/ e • • s s TABLE # # # 2P 1/ ATURITY DISTRIBUTION NEW YORK NF OUTSTANDING CITY • CHICAGO, AS OF 31 NFGOTTARLF AMD JAN ALL 1973 (PERCENTAGE NEW CD'S MATURING DAYS AND WFFKLY DEC REPORTING OF DFPOSTT AT RANKS 1973 DISTRIBUTION) CITY CHICAGO ALL OTHER 2/ 27 DEC 31 JAN 27 DEC 31 JAN 27 DEC .0 S.S .0 4.0 .0 4.9 32.6 37.2 ?4.6 31.1 25.0 31.2 MONTHS 02 MONTHS 28.4 16.1 ?3.] 16.8 18.8 12.8 03 MONTHS 17.5 17.1 22.5 17.0 16.3 12.5 04 MONTHS 7.6 9.2 6.2 8.9 7.9 8.6 0% MONTHS 6.0 6.2 A.2 5.0 8.1 6.6 06 MONTHS 3.6 4.6 5.2 7.9 6.5 6.5 07 MONTHS .6 .6 1.5 .5 2.3 3.1 OA MONTHS .5 1.1 1 .4 2.4 1.8 09 MONTHS 1.0 .5 2.4 .8 2.S 2.2 10 MONTHS .4 .8 1.2 2.5 2.4 2.3 11 MONTHS .3 .4 1.1 1.1 2.3 2.3 1? MONTHS .3 .2 .9 .9 2.1 1.7 1.1 1.1 1.9 2.1 3.3 3.5 100,0 100.0 1 00 . 0 100.0 100.0 100.0 OF OP 1? TOTAL 3/ JAN 01 OVFR MONTHS * 1/ INCLUDES RANKS, 2/ NIIMRFP OF FOL1 O W I N G 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 THE M O N T H . 3/ NUMREP MONTHS * ?7 CERTIFICATES IN 31 0»^ YORK OTHFO TTMF TOTALS OF MAY ONLY NOT CERTIFICATES ADD FOLLOWING DUE TO IN THE DENOMINATIONS SURVEY ROUNDING. MONTH. *100T000 PERIOD MORE VARIES ISSUED WITH THE AY WEEKLY NUMRFR OF REPORTING DAYS e T A RLE 2C 1/ MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING CITY, CHICAGO, AS OF 31 NFGOTTARLE AND JAN YORK JAN 0 —6 DAYS AND WFF*LY 27 DFC REPORTING OF OFPOSTT AT BANKS 1973 DISTRIBUTION) CITY 27 CERT IFICATES CHICAGO DFC 31 JAN ALL 27 DEC 31 OTHER JAN ?7 OFT .0 s.s .0 4.0 .0 4.9 32.6 42.7 24.A 35.1 25 . 0 36.1 0? M O N T H S 61 .0 58.8 47.7 51 . 9 4 3.8 48.9 03 M O N T H S 78.5 7S.9 70.? 68.9 60.1 61.4 04 MONTHS *6.1 85. 1 76.4 77.8 68.0 70.0 0% M O N T H S 92.1 91 .3 84.6 82,B 76.1 76.6 Ob MONTHS 95.7 9S.9 89.8 90.7 8?.6 A3.1 07 MONTHS 96.3 96.5 ->1.3 91 . 2 84.Q 86.2 OA MONTHS 96.9 97.0 9?.4 9?.6 87.3 88.0 09 MONTHS 97.9 97.5 04.A 91.4 89.8 90.2 10 MONTHS 98.3 98.3 O6.0 95.9 9?.? 92.5 1 1 MONTHS 9R.eS 98.7 Q7.1 97.0 94.5 94.8 MONTHS 98.9 98.9 98.0 97.9 96.6 96.5 10 0.0 100.0 100.0 100.0 100.0 01 1? OVFR 1/ ?/ OTHER J 973 (CUMULATIVE NEW ALL TIMF MONTHS 1? 3/ MONTHS I N C L U D E S ONLY CLRT I F I C A T E S BANKS. 1 oo.o 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 THE L A S T W E O N F S O A Y OF THE M O N T H . V NUMBER MONTHS OF FOLLOWING THE SURVEY MONTH. $100,000 PERIOD OR MORE VARIES ISSUED WITH THE BY WEEKLY NUMBER OF REPORTING DAYS # # # TAHT E 3A # 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 F G O T T ARL.F T I ^ F C E R T I F I C A T E S AT W F F K L Y R E P O R T I N G R A N K S RY S T Z F Or R A N K S 2 / AS OF 31 |AN 1 0 7 3 ( A M O U N T S TN M I L L I O N S OF D O L L A R S ) # OF OFPOSTT *1 CO•s MATURING TN *200 MILLION AND UNDFR TOTAL *?no SHOO MILL TON TO MILLION cson *1 M I LI TON TO R T LL TON # 1/ R I L L TON PRTMF TOTAL 1Q74 OVFR 3/ OUTSTOF NFW Y O R K CITY 0.0 AND NFW MOM-PR T Mp YOPK CITY n.O n.n 0.0 n.n 87?.0 1 ,64?.3 1,946.6 A. 1 4 ? . ? 4.6Q1,S ? , 090 . 2 S30.4 1,174.0 1,503.S 7.044 .S 4 , 23A . 6 1 tA30.4 975.5 7,916.7 380.6 90S.4 1,151.A S , 4 7A . 9 2,572.0 1,929.7 977.2 MAY 3.S14.6 ??? . 7 JA9.2 640,4 2.262.3 1,114.8 791 .5 356.0 JUNE 3,339.6 194.? 413.2 570.7 ?,?11.5 74S.6 923.6 542.3 JUI Y ?,475.4 139.9 3R7.A 45Z>.Q 1 .444.A 523.5 676.5 294.8 AUGUST 751 .6 77.4 IS?.A 16 3 . 3 35A . 1 93.1 154.1 110.9 St- P T F M H F W 7 77.0 74. 7 14?.3 13 7 . 4 422.6 A4.A 167.6 170.? OCTORFR 917.3 57.4 1 ?4 .S 1 6 1 .A 573.6 1 17.0 250.7 20S.9 NOVFMHFR 744.A 6S.6 12S.R 1 1 A. A 434.6 5?.5 277.7 104.4 PFCFMMFH 6A4.R 74.1 14S.3 141.0 324.4 39.4 ISA.5 126.5 JANUARY 64?.Q 60.0 168.P L?O. 1 294.0 50.4 AQ.7 153.9 1.111.1 A7.H 1 3A.3 2S6.3 62A.7 149.A 40?. 1 76.8 4 S , 7 4 1.1 2,436.0 7 « 36 4 . 6 ?9,670.? 14.473.0 9,74?.3 5,454.9 FF. M W H A P Y 1 ? . 60 3 . 1 MARCH 10.2S2.4 APRIL y 0 . f) 0.0 0. 0 1,360.5 FEBRUARY OP L ATTP TOTAL * -- 5•QOQ.7 (MFMORANNILMI TAX AND 0 T V T n r Nn M^T!iPITTF«;) - - - MARCH 12 591.A 39.A 93.5 100.7 35R.0 179.7 93.1 AS.2 MARCH is 1.697.2 A?.S 126.1 210.4 1,293.2 R 99.7 223.0 170.5 APRIL 16 1,269.9 44.7 117.Q 144.3 9S9.0 524.4 273.1 1 M (MEMORANDUM! 2SA RR rE r r : ™ ™ a r - ~ ^ NI M R F R R3 OF RANKS) SO 1/ I N C L U D E S C E R T I F I C A T F S IN D F n O M I n A T I O N S OF *1 00 . 000 M O k F T SStirO RV W F F K L Y R E P O P T I NG 2 / T O T A L D E P O S I T S AS R F P O R T F D IN THE C A L | P F P Q P T OP C O N D I T I O N ON P r C F M P r P 1 1 , ]q*s .5 • — 37 RAKJKS 12 • ANO WHICH 1R APF TABLF 30 SALFS /I/ OF NEGOTIABLE AT TIME WEEKLY CFPT TF I C A T F S REPORTING (AMOUNTS OF RAMKS AS OF 31 IAN IN M I L L I O N S DEPOSIT BY SIZE SINCE OF PRFVIOIJS RANKS MONTH 1973 OF D O L L A R S ) $1 CD'S MATURING IN $200 MILLION AND UNDER TOTAL $200 MILLION TO *500 1,500 MILLION $1 2/ 3/ MILLION TO BILLION AND PRT MF BILLION TOTAL _ NION-PRIMF CITY 6,1*8.?'. 432.9 841.0 867.7 4,046.6 2,403.1 981.2 662.3 MARCH 3,779.5 203.6 476.8 578.6 2,520.5 1,783.0 425.9 311.6 APRIL 3,943.8 205.1 483.9 610.5 2,644.3 1,291.3 913.6 439.4 MAY 675.1 63.5 68.3 117.5 425.8 251.2 134.4 40.2 JUNE 699.2 46.6 96.9 106.8 448.9 123.6 155,2 170.1 JULY 1,566.7 84. 1 245.0 247.1 990.5 439.9 453.6 97.0 141.6 9.9 36.0 26.0 69.7 26.8 33.2 9.7 16.9 19.1 14.0 49.7 16.3 27.0 6.4 X AUGUST 1974 _____ O U T S TOF NEW YORK MFW YORK CITY FEBRUARY OVER - OCTOBER 99.7 12.0 16.6 26.4 44.7 22.7 14.4 7.6 NOVEMBER 55.4 11.4 14.4 10.2 19.4 5.6 7.4 6.4 DECEMBER 187.2 10.2 35.5 56.7 15.9 56.6 12.3 580.3 66.6 167.1 132.7 213.9 46.9 90.9 76.1 18,016.4 1,162.8 2,794.2 11,558.8 6,426.3 3,293.4 1,839.1 , ' 3> 99.7 00 SEPTEMBER JANUARY OR LATER TOTAL » 2,son.is T1 AMXA AANINH\J n'' Ti11v Ti r\Cklf\ nt mi UiTllDTTf n« iunj | 1 MARCH 12 186.2 . 10.5 36.6 37.9 101.2 47.7 35.7 17.8 MARCH 15 441.7 ?1.2 27.2 59.9 333.4 247.2 34.2 52.0 APRIL 16 497.0 I*.? 68.7 73.7 335.9 127.5 137.3 71.1 37 7 12 18 '••nr. r» V# r r-1 m inn o / — 258 TECHNICAL 1/ SEE 2/ 3/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L Y FRASER S S ™ : ? Digitized for • TOTALS MAY NOT http://fraser.stlouisfed.org/ * St. Louis Federal Reserve Bank of APPENDIX 88 83 50 A. ~ OF $ 1 0 0 * 0 0 0 OR M O R E R E P O R T OF C O N D I T I O N I S S U F D RY W E E K L Y R E P O R T I N G ON D F C F M R F R 31, 1965. RANKS ADD DUE # TO - ROUND TNG. # $ # # E # S . TARLF 3C MATIN ITY OTSTH TPtJT I ON OF Oi iTST ANO TNG NFGOT T A^LF T I MF C F O T I F I C A TFS OF D F P O S T T AT WEEKLY 9 F P 0 R T I N G P A M K S PV SJ7F OF R A N K S 2/ AS OF 31 | A N ]973 PF^CFNTAGE OTSTPIPUTTON 11 CD'S MATURING IN ' TOT4L $?oo ILL ION AMP I!NDF P M $2n n "ILL TON TO FSNO * in TON t^OO *1 mJ L! TON TO PTLLTON 1/ PILL TON PRTMF TOTAL NEW YORK CITY 0.0 0.0 0.0 27.V, 30.7 27.p 26.4 27.4 MARCH 22.4 18.7 19.9 20.4 APRIL 17.3 13.4 15.3 7.7 7.9 JUNE , 7.4 JULY 1074 1 1 1 1 c 0.0 1/ OUTSTDF NEW YORK CITY NON-PRTMF 0.0 0.0 32.4 21 .5 24.9 ?3.7 29.3 1A.A 17.9 IS.6 IP.5 17.8 19.A 17.9 6. A P.7 7.<S 7.7 A.I 6.S <S.« 7.0 7.7 7.S 5.2 9.S 9.9 5.4 4.9 6.6 6.1 5.0 3.6 6.9 5.4 AUGUST 1 .6 2.7 2.6 2.2 1 .2 0.6 1.6 2.0 cpPTEMRFR 1.7 2.6 2.4 1 .9 1.4 0.6 1.7 3.1 OCTORFR 2.0 2.0 2.1 2.2 1.9 O.P 2.6 3.P NOVEMBER I .6 2.3 2.1 1 .6 1 .5 0.4 2.9 1.9 DECEMBER l.S 2.6 2.5 1.9 1.1 0.3 1 .6 2.3 JANUARY 1 .4 2.1 2.9 1.6 1 .0 0.3 0.9 2. A 2.4 3.1 2.3 3.5 2.1 L.O 4.1 1.4 100.0 100.0 100.0 100.0 100.0 100.0 FFARIIARY MAY * 1 1 1 1 1 0.0 ANO OVER - ' FERRUARY OR LATER TOTAL * : 100.0 TAX 100.0 1DTTTETCX MAi TrIl AND R wi/ *T/V TnFNn tvJ' v11 MARCH 12 1.3 1.4 1.6 1 .4 1.2 1.2 1.0 1.6 MARCH IS 3.7 2.4 2.1 2.9 4.4 6.2 2.3 3.1 APRIL 16 2.A 1.6 2.0 2.0 3.2 3.6 2.P 3.0 1/ 2/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L " » TOTALS OF $ 1 0 0 * 0 0 0 OR M O R F R E P O R T OF C O N D I T I O N I S S U E D RY W E E K L Y R E P O R T I N G ON D F C E M R F R 31F 196S. RANKS MAY NOT ADD DUE TO ROUNDING. * - TARLF 3D MATURITY DISTRIBUTION 0 F OUTSTANDING AT WEEKLY NEGOTIABLE REPORTING AS OF TIME CERTIFICATES OF DFPOSTT 31 CUMULATIVE JAN 1973 PFPCFNTAGF $1 » » " T U M,;CL AND UNDER """ ; r T ° FFR 31 °- ""flHV ?7 n 0.0 -S M S P C H *500 M I L L I O N 11 RTLLION TOTAL o"o o~o o?o 7.7" 32.4 21.5 ?4.9 .* *7.7 46.8 51.1 61.7 40.1 42.P "e 0.7 63 *° *9.6 79.5 60.1 60.7 69.6 71.1 77.? 87.2 68.? 67.? 76.6 78.8 *4.7 92.4 77.7 77.1 W3.? 84.9 89.7 96.0 84.6 8?.5 *5.' «5.« 87.1 *0.9 96.6 86.? 84.5 7 7.5 s? * 4 FFPTF.MRfcp 91.0 87,7 *8.2 80.0 9?.3 97.2 87.9 87.6 OCTOBER 93.0 89.7 90..1 91 .2 94.2 98.0 90.5 91.4 NOVEMBER 94.4 92.0 42.4 9?.8 95.7 98.4 93.4 93.3 96.1 94,6 94.9 94.7 96.R 98.7 95.0 95.6 DFCEMHFR 1 9 7 4 n"o 27.4 7 AUfiUST °"n NON-PPIMf ?6.4 7 4 , 9 * '7 OUTSIDE NFW YORK CITY 27.* M 7 NFW YORK CITY 4q 6? Jl,LY OVER •7 6 7 , ? J,JNE AND 30 4 P H U *Y BILLION N _ __ 1973 JAN 1/ B A N K S BY ST7E OF BANKS ?/ J 6 N U A R Y 9 7 ^ 96.7 97.R 96.3 97.8 99.0 95.9 98.4 FEBRUARY 1 0(1.0 100.0 100.0 1 00.0 100.0 100.0 100.0 100.0 1/ INCLUDES C F O T I F T C A T F S TN DFNOMI NAT T ONS OF $ 100 t 000 OR MOPF TSSUFD RY WEEKLY DEPORT ING R A N K S ?/ TOTAL O F P O S I T S AS REHORTF D T M THE CALL REPORT OF C O N D I T I O N ON OrfFMHFR 3 1 t 1Q65, 3 / REPORTED BY NCK TH0< DFAI E P S : F TO W U 0 S P N F r TPADE 'nTI»ALF WITHIN 1 C E R T I F I C A T E S OF n F P Q F T T tRF RRC,ARDFO AS H E I N G OF THF OR ? P A S T S P O I N T S OF E A C H O T H E R WITHIN THF S E C O N D A R Y HIC,HFST MARKFT. 01,A, I T Y ANO WHICH A»F TAPLF 3P s " L r 5 v " "r — AS OF 31 .IAN 1073 > MILLION TO <S0F> I MILLION $1 MILLION TO PILLION *1 CD'S MATURING IN TOTAL $200 MILLION AND UNDER - PILLION PRIME TOTAL MEW 1973 JAN YORK OVER 4/ OUTSTDE NEW YORK NON-PRTME 31 FFAPUARY 34. 4 37. ? 33.6 31 .1 35.0 37.4 29.P MARCH 21 .1) 36.0 1 F.5 19.1 20.7 21 . « 27.7 12.9 16.9 21.9 17.6 19.4 21 . 8 22.9 20.1 27.7 3.7 23.9 5.5 2.7 4.2 3.7 3.9 4.1 3.9 2.2 4.0 3.9 3.8 3.9 1.9 4.7 9.2 8.7 7.2 9.A 8.8 8.6 0.8 6.8 13.8 5.3 0.9 1 .4 0.9 0.6 0.6 0.4 I,O o.s 1.5 O.P 0.5 0.4 0.6 0.3 O.P 0.3 1.0 0.7 0.9 0.4 1.0 0.4 0.4 0.4 0.6 0.4 0.2 0.1 0.? 0.3 0.9 ) .4 ?.o 0.7 0.2 1.7 0.7 4.7 1 .9 0.7 2.* 4.1 100.0 100.0 100,0 100.0 100.0 0.9 0.7 1.1 1.0 APRIL MAY JMNF JULY AUGUST SEPTEMBER OCTOHFP NOVEMHFR 0.3 1.0 OFCEMRFW 1974 AND JANUARY OP LATER TOTAL * 3.? 5.7 100.0 100.0 6.7 1 00.0 (MEMORANDUM: TAX AMD D T V I DFNP MATURITIES) M A R C H 12 1.0 °'Q L.=I 1.4 MARCH 2.5 1 H 1.1 ?.1 2.Q 3.8 1 .n 2.A 2.7 ?.6 2.9 2.0 4.? 3.9 APPIL 15 2.8 16 » 1 ' 6 (MEMORANDUM! 258 1/ SEE TECHNICAL APPENDIX Afl NI | M R F P A3 OF RANKS) 50 ...... 37 12 18 A. TOMFST QUALITY AND WHICH APE TABLE AVERAGE 46 MATURITY OF OUTSTANDING NFGOTIARLF AT T IMF WEEKLY AT PEPODTTNG VARIOUS (IN RANK CLASSIFICATION —— JAN REPORTING ISSUING MONTHS) H A T E OF S U R V E Y —————————— —————— 1973 27 CD'S PRIME BANKS WHICH ARE CHICAGO 2.9 2.9 2.A OTHER 3.5 1.4 3.3 *200 MILLION MILLION $] MILLION MILLION PRIME IN PRIME OUTSIDE CERTIFICATES ARE LOCATION) 2.4 CITY NEW YORK CITY 3/ NEW YORK CITY 3/ NON-PRIME 3/ 1972 2.2 OVER NOV 2.2 YORK $500-$1TOOO DEPOSITS — 20 3.0 $200-$H00 TOTAL — 1972 2.9 UNDER 2/ DEC RANKS (RY INCLUDES 1/ 3.0 NEW 1/ DFPOSTT DATES (RY ALL OF RANKS SUDVFY —————— 31 CERTIFICATES AS DENOMINATIONS REPORTED THOSE REPORTED IN RY WHOSE IN THE CALL NEGOTIABLE DEALERS TO TRADE OF $100,000 REPORT OF OR 1 OR RANK) 2/ 1.1 3.0 3.3 3.0 3.0 3.3 3.1 3.0 2.A 2.9 2.9 2.1 2.2 2.4 3.5 3.5 3.5 3.4 3.3 3.3 MORE OF 2 OF 3.3 CONDITION CERTIFICATES WITHIN SIZE TSSUFD ON DEPOSIT BASIS RY WEEKLY DECEMBER APE OOINTS 31• EACH RANKS. 1965. REGARDED OF REPORTING AS OTHER BEING OF WITHIN THE THE HIGHEST SECONDARY QUALITY MARKET. AND # # # # # # # TARLE M AVERAGE # # 4R ATURTTY OF N F G O T I AHL F SOLO OUPIMG TIMF PY THE CERTIFICATES WFFKLY OF RFDORTING MONTH OF VARIOUS DEPOSIT 1/ RANKS SURVEYS (IN M O N T H S ) RANK CLASSIFICATION „ 31 JAM 1973 DATE OF S U R V E Y - 27 HFC 197? 29 NOV 1972 (RY L O C A T I O N ) ALL REPORTING ISSUING NEW YORK RANKS ~ CO»S CITY 2.5 ?e Q ? E ? U CHICAGO " ,.2 3.1 (RY S I Z E $20 0 $200-$S00 MILL TON SI BILLION IN NEW PRIME OUTSIDE YORK CITY 3/ NEW YORK CITY 3/ NON-PRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS Digitized for MFRASER OTF-~SEE TECHNICAL IN D E N O M I N A T I O N S OF AS R E P O R T E D APPENDIX B. IN THE CALL or R A N K ) 2/ * MILLION PRIME 3.1 ? 7 MILLION *500-$1TOOO OVER ? # q 2.6 2.8 UNDER o $100,000 REPORT 2.6 2.9 2.4 ?.A 2w8 3.0 2.6 2*3 2.8 3.O 1•9 ?.3 2.7 ? 8 3.3 3.7 2*5 3.2 2.9 • OR M O R E OF C O N D I T I O N ISSUED RY WEEKLY ON D F C E M R E R 3]. REPORTING 1965. RANKS. E TAPLE RATIO OF OUTSTANDING NEGOTIABLE TO AT TOTAL VARIOUS (PER =>A TTME CFRTTFICATES (IN ALL DFPOSITS MILLIONS RANKS OF SURVFY DATES CENT) DOLLARS) 31 JAN ?00 27 DEC 197? 29 NOV 197? 15.4 14.A 15.2 1 1.6 11.4 11.6 13.5 12.A 13.? 500 - 14.0 13.1 11.6 16.A 16.? 16.7 21.6 ?0.3 21.6 13.2 12.7 12.5 15.3 IS.9 16.? 1000 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ • CERTIFICATES IN D E N O M I N A T I O N S DEPOSITS 3/ P R I M E WHICH R A N K S ADE T H O S E W h O S F N E G O T I A B L E ARE P F P O R T E n RY D E A L E R S TO T R A D F 1973 - soo 2/ TOTAL NOTE- SURVFY ISSUING MOMPRI M E INCLUDES OF ?no OVER 1/ 1/ 2/ CD'S UMDFR DEPOSIT DFPOSITS DATF TOTAL OF AS R E P O R T E D IN THE OF $100,000 CA|_L P F P O P T OR MORE OF C O N D I T I O N ISSUED RY W F F K L Y ON D E C F M R E R REPORTING RANKS, 31 $ 1 9 6 5 . C E R T I F I C A T E S Or D E P O S I T ARE R E G A R D E D AS P F T 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 O A 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 F 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 AND U . S . G O V E R N M E N T D E P O S I T S . IN T H I S TARIE ARE TOT A| D E M A N D AMD TIME DEPOSITS $ INCLUDING # # # # # # # TAPLE RATIO OF OUTSTANDING NEGOTIABLE DEPOSITS 2/ (IN MTLI. TONS r>F not LAPS) TLMF CFPTIFICATFS TOTAL DFPOSITS AS OF JAN 31 OF OF DEPOSIT 1/ 1973 RANKS) h% 5 OR TO 10 15 TO 10* 15% TO 20% LESS # SR TO (NUMRER TOTAL # 20 25* OR MQPF TO 25» AVERAGE CO TO D E P O S I T RATIO (PER C E N T ) ALL RANKS T SSI JI Mr; CD'S 44 54 66 4? 25 27 15.4 UNDER ^00 1 O 24 19 17 2 7 11.6 200 - 500 16 17 IB 15 6 11 13.5 500 - 1000 7 5 19 6 9 4 14.0 2 A 10 4 A S 16.FI 0 0 1 1 4 1 21.6 0 S 3 1 2 1 13.2 2 3 6 2 2 3 15.3 OVER 10 0 0 PRIMP IN NJTW PR I M E OUT SIOF YORK NEW 3/ YORK 3/ NONPRTME 1/ INCLUDES T 0 T A L CERTIFICATES N F P 0 S T T S A S IN ^PORTFO OFNUMI NAT IONS IN THF CALL OF *100,000 «F»OPT OF OR CONN M0RF T T T ON ISSUED ON BY DFCFMRFR WFFKLY 31, REPORT! ,9 6 5 DEPOSITS IM T H F D E N O M I N A T O R INTFRHANK AND U.S. G o v F P M M F M ? F nFPnsns!° I N ™ T S T A A L F FLRE T 0 T A I N E M F L N N A N D RANKS. . OTHFR NOTE- NG WTTHIM T T M F THF OFPOSITS, SFCONOARY INCLUDING MARKFT. TARLE PER CFMT CHANGE IN OUTSTANDING 27 DEC NEGOTIARLF 1972 TO (NUMBER DECLINES (IN ALL DEPOSITS MILLIONS RANKS CD'S OF 2/ REDUCED C D ' S TO ZERO DOLLARS) OF JAN CERTIFICATE OF /I INCREASES OF RANKS) — — — — — — — 5 TO 10* OFPOSIT 1973 OF - - - - - - - - - 1 0 % OR MORF 11 TTMF — — — — — — S * OR LESS NO CHANGF 5% OR LESS I I I I 1 I I I I I I I I I I I I I TOTAL SC 5 TO 10* 1 0 * OR MORE ISSUED CD'S BUT HAD NONE OUTSTANDING ON R A S E D A T E ISSUING 0 3R 24 34 10 50 39 61 2 UNDER 200 0 13 S 13 3 13 14 25 2 200 - 500 0 11 10 6 5 1A 12 21 0 500 - 1000 0 8 2 A 2 12 8 10 0 0 4 7 7 0 7 5 5 0 0 0 0 1 0 2 3 1 0 0 0 2 4 0 2 2 2 0 0 6 5 2 0 3 0 2 0 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ I N C L U D E S 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D RY NOTE- THE HAD CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E N U M R F R O F R A N K S IN T H I S O U T S T A N D I N G C D ' S ON THE OF $ 1 0 0 , 0 0 0 REPORT OF OR MORF CONDITION ISSUED ON RY WEEKLY DFCEMREP 31, R E P O R T TNG RANKS. 1965. 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 R 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 R A S T S P O I N T S OF E A C H 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 A R L E D I F F E R S F R O M T H O S E IN M O S T O T H E R LAST SURVEY REDUCED THFIR OUTSTANDINGS T A B L E S TO THE E X T E N T THAT TO Z E R O ON T H I S S U R V E Y . BANKS THAT # # # # # # # TARLE PFP CFNT CHTINGE INI O U T S T A N D I N G 25 OCT (NIIMRFR TOTAL (IN DEPOSITS MILLIONS OF /2 REDU- DOLLARS) CD'S /FRO ALL RANKS C D MORE ?5* 20% TL TIMF JAN CERTIFICATE OF DEPOSIT /I RANKS) INCREASE 5 ' " " ^ " 15* # 1973 OR """"s'"Tn ISSUING OF # 10% LESS OF TSSUEn NO NONE CHANGE LESS in* 15* ?0* 25* MORE ^ O ^ B A S ^ O A T F "" S fl 11 6 13 10 13 1 A 5 ?9 ?A 26 23 ?\ POO 0 4 ? 3 4 A 4 2 6 5 11 7 7 2? 3 200 - 500 0 3 2 ? 1 3 A 2 15 11 10 6 A 11 1 900 - 0 4 2 s 2 0 3 1 4 6 2 7 ? 12 0 0 0 n 3 3 2 3 0 4 A 3 3 4 (S 0 0 0 0 0 0 1 1 0 1 1 2 0 1 0 0 0 0 0 0 2 0 0 0 0 3 1 2 2 ? 0 0 0 0 3 I 1 ? n 3 2 n 1 1 4 0 UNDER OVER ' DFCLINFS TO E RP NEGOTIARLF 197? # )000 1000 PPIMF IN N E W PRIMF OUTSIDE YORK NEW 3/ YORK 3/ NONPPIME 1/ INCLUDES ?./ TOTAL OFF P T T F I C A T E S DEPOSITS "0TE" O U T S T A M I ) T N G S AS TO IN DENOMINATIONS RFPORTFO ZERO# IN THE CAU OF TIOO.OOP RFPOIT OF 00 MQRF COMDTTTON ISSUFD ON RY WFFKLY OFCEMRER SI, REPORTING 4 HANKS. 1965. ssitsi,?.IZ-'ZA;"™" TABLE SE CHANGF 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 OVER THE MONTH AS A PER AT THE 1/ PENT OF TOTAL D E P O S I T S B E G I N N I N G OF THE P E R I O D 27 DEC- 1972 TO 11 JAN 1973 (NUMREP OF R A N K S ) TOTAL DFPO^TTS ?./ DFTLTMES ( TN mTLI TONS OF DOLL ARS) ALL B A N K S CD'S 3% ? AND TO OVER 3% OF TNCRFASFS OF 1 TO 2* 1* ANn LESS NO CHANGE 1* AND LESS 1 TO ?.% 2 TO 3% 3% AND OVER ISSUING A 1 3 19 S7 10 Al 32 17 19 200 3 3 10 15 3 30 1 1 4 7 ?()0 - bOO 1 4 5 1 A 5 26 10 e f> BOO - 1000 1 4 2 11 2 18 A 3 3 OVER 3 -2 ? 13 0 7 5 2 3 0 0 0 1 0 2 2 1 1 0 0 1 5 0 2 2 1 1 3 ? 1 7 0 3 1 0 1 UNDER 1000 PRIME IN MEW YORK PRIME OUTSIDE NEW 3/ YORK 3/ NONPRIMF 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS AS IN D E N O M I N A T I O N S OF % 1 0 0 t 0 0 0 REPORTED TN THE CALL RFPOPT OF OR MORE CONDITION ISSUED BY WEEKLY R E P O R T I N G R A N K S . ON DECE^RER 31, IQ6S. 3/ PRIME R A N K S ADF THOSE WHOSF NFfiOTTAHLF C F P T I F I C A T F S OF DFPnSlT ARF R E G A R D E D AS PFINFI OF THF H I G H E S T Q U A L I T Y AMD WHICH AOF R E P O R T E D RY P E A L F R S TO TRADF WITHIN 1 OR ? PASTS POINTS OF FACH OTHFR W I T H I N THF S E C O N D A R Y M A R K E T . MOTE- D E P O S I T S IM THE D E N O M I N A T O R OF THE W A T I O INTERBANK AND U . S . G O V E R N M E N T D E P O S I T S . IN THIS T»Rt.E ARE TOTAL D E M A N D AND TIMF O F P O S I T S . I N C L U D I N G TABLE CHANGE OVER IN OUTSTANDING THF LAST NF GOT IARLF THPFF AT MONTHS THE 25 AS BEGINNING OCT 1Q7? TO (NUMREP TOTAL (IN DEPOSITS MILLIONS OF 2/ DECI. T N F S R* ANn OVFR DOLLARS) cms 500 A CFRTIFIFATFS PFP OF 71 CENT THF JAN OF OF TOTAL OFPOSIT 1/ DEPOSITS PEPION 1073 RANKS) OF TNCPFASFS 3 ? TO TO 3* 4% 1 TO ?* 1% AMD NO 1% CHANGF AMD 1 OF 2 3 4 TO TO TO TO LESS 5<* ANN 2 4 11 17 37 4 SI 46 28 21 16 15 POO 0 1 1 3 5 IS 1 13 14 - 500 12 9 6 n 4 0 p 0 5 13 2 21 20 , 6 6 2 5 1 1 1 s 3 S 1 9 7 7 3 4 3 0 0 0 3 4 4 0 A S 3 3 4 3 0 0 0 0 1 1 0 2 0 1 1 0 1 0 0 n 0 2 n 0 2 3 1 1 2 1 0 0 0 3 1 3 0 4 2 1 1 2 1 - OVEP OF T TMF 1 UNDFP 200 4 Tn 5* SF 1000 1000 PPIMF PR IMF IN NEW OUTSIDF YORK NEW 3/ YORK 3/ NONPPTMF 1/ INCLUPFS 2/ TOTAL N 0 T F " CFRTTFICATFS OFPOSITC; AS IN • OFNOMINATIONS ^PORTFH IN THF CALL OF MNN.OON PFPORT % T F % I L % U ^ % S R ' G O V F P N M F N R N F P M I T S ] " ^ OF ™ OR MOPF CONDTTION T S ISSUFO ON BY WFFKLY OFCFMRFP T ° T 6 ' 31, RFPORTINFI 1Q A N D 6 S T RANKS, . ™ F °FPOS T TS. TNCLUDTMR, TARLE MATURITY DISTPIRUTION OF O U T S T A N D I N G N E n O T T A R L E TIME C E R T I F I C A T E S OF D E P O S I T AT W E E K L Y R E P O R T I N G B A N K S RY F E D E R A L R E S F R V E D I S T R I C T AS OF (AMOUNTS DISTRICTS BOSTON NEW YOPK 6A IN 31 ]/ ] 973 JAM MILLIONS OF DOLLARS) PHILADELPHIA CLEVELAND 0.0 0.0 0.0 0.0 RICHMOND ATLANTA CHICAGO SAM FRAN— ST. LOUTS MINNEAPOLIS KANSAS 0.0 0.0 0.0 0.0 0.0 0.0 FER 12603.3 528.6 5799.3 3 8 2.0 651.9 414.2 455.2 1473.2 216.0 192.6 222.7 764.4 1503.2 MAR 10252.5 445.4 4936.7 328.8 3RP.9 281.0 321.7 1343.2 132.9 138.9 200.5 618.3 1116.2 APR 7916.9 32Q.6 3185.6 /93.6 396.9 271.4 243.0 1253.9 97.1 63.5 180.1 433.1 1169.1 MAY 3514.7 176.5 1368.f 1 33.4 216.5 132.2 98.1 391.1 43.9 31.8 79.9 190.3 652.P J UN 3389.9 236.1 1053.5 1 70.5 150.1 130.0 150.7 482.A 44.8 40.4 58.5 145.8 726.7 JUL 2475.5 123.0 66A . 6 94.1 174.1 86.1 177.2 299.7 46.8 29.0 77.5 173.0 526.4 AUG 751.6 55.0 138.5 54.8 72.5 45.3 48.9 105.9 21 .5 4.0 40.7 51.0 113.5 SEP 777.2 42.1 13S.9 67.0 37.3 26.1 60.4 91.7 16.2 7.8 30.0 70.9 191.8 OCT 917.4 BO.5 173.7 100.1 39.5 34.5 49.4 136.1 9.1 5.4 25.6 49.1 214.4 NOV 744.6 96.7 78.2 57.0 46.3 29.9 53.9 69.5 6.4 5.9 32.4 40.1 228.3 DEC 682.7 42.0 86.6 *2.8 22.0 20.5 50.5 77.4 17.6 10.7 46.4 63.7 162.5 1974 JAN 643.1 17.0 82.4 76.9 31.7 48.6 52.1 62.7 12.7 4.5 41.6 64.3 148.6 1111.4 41.8 166.7 89.1 315.0 26.1 74.0 125.1 13.4 3.4 45.6 27.5 183.7 45780.8 2214.3 17873.9 1930.1 2542.7 1545.9 1835.1 5912.3 678,4 537.9 1081.5 2691.5 6937.2 2,9 3.4 2.2 4.2 4.0 3.2 3.A 2.0 3.0 2.4 4.0 3.0 3.7 258 17 23 17 23 3* U 20 24 32 FEB TOTAL OR L A T E R * AVERAGE MATURITY IN M O N T H S 2/ NUMBER RANKS 1/ OF R E P O R T I N G I N C L U D E S ONLY 2/ SEE TECHNICAL * D E T A I L S M A Y NOT CERTIFICATES APPENDIX ADD ISSUED 41 IN D E N O M I N A T I O N S B. TO T O T A L S DUE TO R O U N D I N G . OF $100e00n OR M O R E BY W E E K L Y REPORTING RANKS. TABLE SB 1/ 2/ SALFS OF NEGOTIABLF TIMF BY C E R T I F I C A T E OF WEEKLY REPORTING FEDFRAL AS (AMOUNTS 1973 1974 ALL DISTRICTS BOSTON FEB 6188.7 254.2 MAR 3779.6 APR MONTH 1073 IN M I L L I O N S OF DOLLARS) SAN RICHMOND ATLANTA 3047.2 170.1 330.3 169.6 232.4 184.2 2122.8 71.2 126.9 91.9 3943.8 172.8 1613.6 135.2 184.9 MAY *75.3 48.7 303.8 15.1 JUN *99.? 25.6 284.8 JUL 1566.6 66.3 AUG 141.7 SEP CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS CISCO 519.8 97.6 95.6 94.3 427.2 750.4 102.2 401.7 47.8 86.8 58.2 268.8 217.1 119.2 134.6 758.6 57.2 27.3 82.4 249.4 408.6 22.7 26.3 12.1 92.0 13.8 10.5 12.3 12.4 105.6 12.9 26.5 33.6 30.2 48.8 24.5 4.3 13.1 33.0 161.9 530.3 27.3 81.0 52.7 99.3 250.9 30.5 17.6 42.4 73.8 294.5 3.1 37.3 1 .6 25.7 6.9 2.9 9.9 «. 9 0.8 1.3 13.8 29.5 99.6 0.7 28.2 4.2 2.4 6.2 5.2 2?.6 5.5 0.4 2.2 7.4 14.6 OCT 99.7 21.6 31 . 8 5.2 2.6 10.1 5.2 6.1 0.6 0.9 1.7 6.0 7.9 NOV SR.4 2.7 10.4 1 .4 2.5 2.5 11.1 8.0 0.4 0.4 0.0 2.5 16.5 DEC 189.0 21.3 34.8 2.7 8.4 2.2 16.6 13.2 4.5 2.2 7.7 13.4 62.0 580.6 14.7 73.4 34.2 32.2 4H.6 66.0 57.5 12.1 3.7 43.1 62.1 133.0 18022.2 815.9 8 IIP.4 4 8 1 .1 846.1 569.8 717.8 2189.1 303.4 250.5 358.7 1169.8 2201.6 2.4 2.5 1 .9 2.7 2.5 3.2 3.4 9.6 2.9 1 .9 3.6 2.4 3.2 OR LATER * MONTHS 3/ SEE TECHNICAL 2/ INCLUDES 3/ SEE ONLY TECHNICAL DETAILS FRAN- MATURITY 1/ » JAN PREVIOUS DISTRICT CLEVELAND AVERAGE TN PHILA- 31 SINCE DELPHIA JAN TOTAL NEW YORK OF RESFRVF DEPOSIT RANKS MAY NOT APPFNDIX A. CERTIFICATES APPENDIX ADD TO ISSUED IN DENOMINATIONS B. TOTALS DUE TO ROUNDING. OF *100.00(1 OR MORF PY WEEKLY REPORTING PAMKS. TABLE MATUPTTY DISTRIBUTION OF O U T S T A N D I N G 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 OF 31 (PERCENTAGE 1973 1974 DISTRICTS BOSTON 0.0 0.0 n.o FEB 27.5 23.9 MAR 22.4 APR 17.3 MAY 7.7 JUN 7.4 JUL 1/ NFw YORK JAN CERTIFICATES OF DEPOSIT 1/ CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1973 DISTRIBUTION) CLEVEL AND RICHMOND ATLANTA N. O 0.0 o.o o.o 0.0 0.0 0.0 0.0 0.0 0.0 3?.4 19.8 25.6 26.8 24.8 24.9 31.8 35.8 20.6 28.4 21.7 20.1 27.6 17.0 IS.3 18.2 17.5 22.7 19.6 25.8 18.5 23.0 16.1 14.9 17.8 IB.? IS.6 17.6 13.2 21.2 14.3 11.8 16.7 16.1 16.9 7.7 A.9 A.5 8.6 5.3 6.6 6.5 5.9 7.4 7.1 9.4 10.7 5.9 A.ft 5.9 8.4 8.2 8.2 6.6 7.5 5.4 5.4 10.5 5.4 5.6 3.7 4.9 6. A 5.6 9.7 5.1 6.9 5.4 7.2 6.4 7.6 AUG 1.6 2.5 0.8 2.8 2.9 2.9 2.7 1 .A 3.2 0.7 3.8 1.9 1.6 SEP 1.7 1.9 0.8 3.5 1.5 1.7 3.3 1 .6 2.4 1.5 2.8 2.6 2.A OCT ?.o 3.6 1.0 5.? 1 .6 2.2 2.7 2.3 1.3 1.0 2.4 1.8 3.1 NOV 1.6 4.4 0.4 3.0 1.8 1.9 2.9 1.2 0.9 1.1 3.0 1.5 3.3 DEC 1 .5 1.9 0.5 4.3 0.9 1 .3 2.8 1.3 2.6 2.0 4.3 2.4 2.3 JAN 1.4 O.R 0.5 4.0 1.2 3.1 2.8 1.1 1.9 0.8 3.8 2.4 2.1 P.4 1.9 0.9 4.6 12.4 1 .7 4.0 2.1 2.0 0.6 4.2 1.0 2.6 100.0 100.0 1 0 0.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OR AY JAN FEB TOTAL 6c 31 OR LATFR * INCLUDES ONLY http://fraser.stlouisfed.org/ e e of St. Louis Federal Reserve Bank CFRTIFIfATFS ft.n ISSUED IN DFNOMINATIONS OF $]00,000 MQRr WEEKLY REPORTING BANKS. / e e e e # # # # e TABLE 6D MATURITY 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 B A N K S BY FEDERAL R E S r R V E D I S T R I C T AS OF 31 JAM 1/ 1973 (CUMULATIVE P E R C E N T A G E ) CO'S M A T U R I N G IN M\ D] D TS ~ TRICTS 1971 JAN 31 M E w BOSTON 0.0 F E R ? F M A W ,4 Q 0.0 ? 3 - 9 ' 1/ INCLUDES ONLY 0.0 0.0 FRANCISCO 0.0 19.H AS.6 26.8 24.A 24.Q 31 . 8 35.8 ?0.6 28.4 21 . 7 39.1 51.4 37.A 58.9 77.8 52.0 56.5 62.6 55.5 68.8 65.7 73.4 55.8 67.5 54.7 6 6 65.0 71.2 60.8 75.4 72.2 79.3 63.2 74.6 64.1 A?'? 70.9 79.6 69.0 83.6 78.8 86.8 68.6 80.0 74.6 7^.6 T?.? 2 78.7 88.7 8S.7 9?.2 75.8 86.4 82.2 95.9 75.4 80.6 88.1 81.4 90.5 8P.9 92.9 79.6 88.3 81.8 96.7. 78.9 8?.L 89.8 84.7 92.1 91 . 3 94.4 82.4 90,9 86,6 7.7 84.1 83.7 92.0 87.4 94.4 9?.6 95.4 84.8 92.7 89.7 98.1 87.1 85.5 93.9 90.3 95.6 93.5 96.5 87.8 94.2 93.0 97.5 9A.6 91.4 86.4 95.2 93.1 96.9 96.1 98.5 92.1 96.6 95.3 97.5 9fl.3 99.1 95.4 87.6 98.3 95.9 98.0 98.0 99,3 95,9 99,0 97.4 1 00.0 1 00 .0 1 00.0 100.0 100.0 1 00.0 ' 7 » 9 58.9 **"3 7.6 8 5 - 7 9 1 , 0 *7*4 Q 3 9 1 9 -° ' ? +"4 9FR FEB OR LATFP 0,0 DALLAS 61.6 H 3 E ? 1974 JAN 0.0 KANSAS CITY 51.4 R 7 E C MINNEAPOLIS 47.6 J U L ° 0.0 ST. LOUTS 42.3 ? N 0 V 0.0 CHICAGO 45.0 A ? E 3 C T 0 .0 ATLANTA 40.9 J U N ° 0.0 RICHMOMD 36.8 7 4 S E P 0,0 CLEVEI AMD 60.0 M A Y AI,G PHIL ADELPHI A 44.0 67.2 9 0.0 9 A P R ' YORK CERTIFICATES •1 ISSUED 9 1 9 E 4 1 00.0 1 00.0 1 00.0 IN D E N O M I N A T I O N S OF $100 F 000 OR wORF BY WEEKLY R E P O R T I N G R A M K S . 100,0 100,0 100.0 100,0 TARLF l/ SALFS OF N E G O T I A P L E 2/ TIME CERTIET CATFS OF DEPOSIT SINCE PRFVIOIJS MONTH WEEKLY REPORTING R A N K S AY F E D E R A L RESrpyF DISTRICT AS OF 31 (PFRCENTAGF 1973 1974 TOTAL ALL DISTRICTS BOSTON EER 34.3 3] .2 MAP 21 .0 APR JAN 1973 DI<?TRIRI.lTION) PHILADELPHIA CLEVELAND 37.5 35.4 39.0 29,8 32.4 22.6 26.1 14.8 15.0 16.1 21.9 21.2 19.9 28.1 21.9 MAY 3.7 6.0 3.7 3.1 JUN 3.9 3.1 3.5 JUL *.7 8.1 AUG 0.8 SEP RICHMONH ATLANTA CHICAGO SAN ST. LOUTS MINNEAPOLIS KANSAS CITY 23.7 32.2 38.2 26.3 36.5 34.1 14.2 18.4 15.8 34.7 16.2 23.0 9.0 20.9 1H.8 34.7 18.9 10.9 23.0 21.3 18.6 2.7 4.6 1.7 4.2 4.5 4.2 3.4 1.1 4.8 2.7 3.1 5.9 4.2 2.2 8.1 1.7 3.7 2.8 7.4 *•5 5.7 9.6 9.2 13.8 11.5 10.1 7.0 11.8 6.3 13.4 0.4 0.5 0.3 3.0 1.2 0.4 0.5 2.9 0.3 0.4 1.2 1.3 n .6 0.) 0.3 0.9 0.3 1.1 0.7 1.0 1 .« 0.2 0.6 0.6 0.7 OCT 0.6 2.6 0.4 1.1 0.3 1 .8 0.7 0.3 0.2 0.4 0.5 0.5 0.4 NOV 0.3 0.3 0.1 0.3 0.3 0.4 1.5 0.4 0.1 0.2 0.0 0.2 0.7 DEC 1.0 2.6 0.4 0.6 1.0 0.4 2.3 0.6 1.5 0.9 2.1 1.1 2.8 JAN OR LATER 3.2 1 .A 0.9 7.1 3.8 *.5 9.2 ?.6 4.0 1.5 12.0 5.3 6.0 100.0 loo.o 100.0 100.0 100.0 100.0 100.0 100.0 100.0 * 10 0.0 1/ SEE TECHNICAL APPENDIX NOTE - SALES 100.0 A. INCLUDES ONLY C E R T I F I C A T E S • NEW YORK 6F ISSUED IN THIS TARL E APE NOT D E T A I L S MAY NOT ADD TO T O T A L S DUE IN D E N O M I N A T I O N S OF $100f00n A D J U S T E D FOR TO R O U N D I N G . CD'S THAT OR MORE RY WEEKLY REPORTING R A N K S HAVE M A T U R E D . FPAN- 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 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