The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1974 -yv" L.4.1 CONFIDENTIAL (FR) SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS as of December 26, 1973 NOTE: Sales since the previous survey and comparsion with previous data reflect revisions in the November report whereby $107.8 million in outstanding negotiable CD's have been added to the series. Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 1/ MATURITY DISTRIBUTION OF O U T S T A N D I N G NEGOTIABLE WEEKLY R E P O R T I N G AS OF AMOUNT (MILLIONS OF DOLLARS) CD'S MATURING IN 26 DEC TIME CERTIFICATES OF DEPOSIT AT BANKS 1973 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE SiLES SINCE PREVIOUS MONTH 2/ (MILLIONS OF DOLLARS) 5,572.9 8.6 8.6 .0 26,986.2 41.8 50.4 11,370.1 11,615.8 18.0 68.4 5,150.2 MARCH 8,342.3 12.9 81.3 3,897.7 APRIL 3,948.7 6.1 87.4 1,731.2 MAY 1,677.8 2.6 90.0 440.1 JUNE 1,926.7 3.0 93.0 796.8 JULY 1,038.7 1.6 94.6 205.5 AUGUST 899.7 1.4 96.0 66.0 SEPTEMBER 527.0 .8 96.8 78.0 OCTOBER 333.9 .5 97.3 26.0 NOVEMBER 165.3 .3 97.6 29.4 DECEMBER 299.8 .5 98.1 174.8 1,240.6 1.9 100.0 XXX 64,575.2 100.0 XXX 23,965.7 1973 DECEMBER 27 - 31 1974 JANUARY FEBRUARY OVER 12 MONTHS TOTAL (MEMORANDUMS MARCH 11 MARCH 15 APRIL 15 663.4 1,171.1 518.2 1/ INCLUDES ONLY CERTIFICATES 2/ SEE APPENDIX TECHNICAL TAX AND DIVIDEND MATURITIES) 1.0 .8 IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR A. S A L E S OF C D ' S M A T U R I N G A F T E R 3/ 11 M O N T H S . XXX XXX XXX 1.8 MORE I S S U E D BY WEEKLY REPORTING BANKS. 3/ » ' )"V • ' fen! 4J I ' T A B L E 2A :• • x/ 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 NEW YORK C I T Y , CHICAGO* AND ALL OTHER WEEKLY REPORTING B A N K S A S OF 26 DEC AT 1973 (IN M I L L I O N S OF D O L L A R S ) """ NEW"YORK"CITY CD'S MATURING CHICAGO IN 1973 DEC 27 - DEC ALL OTHER WEEKLY REPORTING _ PREVIOUS J S S J / 1,764.3 ,0 *44.5 .0 3,364.1 .0 31 7,852.2 3,238.7 3,595.6 1,660.9 15,538.3 6,470.4 FEBRUARY 3,954.3 1,550.9 1,238.4 685.2 6,423.0 2,914.0 MARCH 3,175.7 1,290.7 534.7 318.3 4,632.0 2,288,8 APRIL 1,343.0 867.6 400.1 274.4 2,205.6 589.3 MAY 591,6 254.0 27.1 11.0 1,059.1 175.1 JUNE 799.3 411.9 87.3 70.3 1,040.1 314.5 JULY 336.2 93.7 44.9 8.4 657.6 103.3 AUGUST 272.6 10.2 55.6 7.5 571.5 48.4 SEPTEMBER 99.8 35.2 22.9 10.6 404.2 32.2 OCTOBER 31.6 6.0 18.2 .0 NOVEMBER 25.2 2.8 15.4 .0 DECEMBER 112.0 4 . 9 /3 23.2 77.7 XXX 59.9 XXX 20,435.5 7,766.6 6,567.8 3,068.3 1974 JANUARY OVER 12 M O N T H S TOTAL * NUMBER OF R E P O R T I N G ........ — BANKS BANKS 12 ...... — 1/ I N C L U D E S O N L Y CERTIFICATES 2/ SEE TECHNICAL APPENDIX __ (MEMORANDUML IN D E N O M I N A T I O N OF $ 1 0 0 , 0 0 0 OR 2 8 4 , 0 21.7 /3 1 9 , 9 124.6 26.5 164.7 148.1 1,102.9 XXX 37,571.7^ _ ** TAX I S S U E D BY WEEKLY J REPOHTING _ BANKS. A. Digitized $ /forSFRASER A L E S OF C D ' S M A T U R I N G A F T E R 11 M O N T H S . http://fraser.stlouisfed.org/ I • Reserve T O T A LBank S M Aof# St. N OLouis T ADD DUE # 0 ROUNDING. # Federal # # — - AND DIVIDEND MATURITIES) MORE /3 # # # # TABLE 2B 1/ MATURITY DISTRIBUTION NEW YORK OF O U T S T A N D I N G N E G O T I A B L E CITY• CHICAGO, AS OF AND ALL 26 D E C 1973 OTHER TIME C E R T I F I C A T E S OF WEEKLY AND 2 8 NOV REPORTING DEPOSIT AT BANKS 1973 (PERCENTAGE DISTRIBUTION) NEW CD'S MATURING IN 2 8 NOV 26 D E C OTHER 26 DEC 2 8 NOV 28 NOV 8.6 4.5 6.8 4.5 9.0 4.8 38.4 43.1 54.7 45.6 41.4 38.6 02 M O N T H S 19.4 22.1 18.9 31.7 17.1 24.3 03 M O N T H S 15.5 11.5 8.1 9.1 12.3 9.4 04 M O N T H S 6.6 9.0 6.1 3.5 5.9 6.3 05 M O N T H S 2.9 2.3 .4 2.1 2.8 4.3 06 M O N T H S 3.9 1.6 1.3 .3 2.8 2.4 07 M O N T H S 1.6 1.9 .7 .3 1.8 1.9 08 M O N T H S 1.3 1.2 .8 .6 1.5 1.5 09 M O N T H S .5 1.3 .3 .8 1.1 1.4 10 M O N T H S .2 .3 .3 .2 .8 1.0 11 M O N T H S .1 .1 .2 .3 .3 .7 12 M O N T H S .5 .1 .4 .3 .4 .3 •4 .9 .9 1.0 2.9 3.0 100.0 100.0 100.0 100.0 100.0 100.0 0-6 DAYS 2/ 01 M O N T H S OVER 3/ 12 M O N T H S TOTAL 1/ 26 DEC ALL CHICAGO YORK CITY * INCLUDES ONLY CERTIFICATES IN D E N O M I N A T I O N S OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ 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 P E R I O D T H E L A S T W E D N E S D A Y OF THE M O N T H . 3/ N U M B E R MONTHS FOLLOWING OF * TOTALS MAY NOT ADD DUE THE SURVEY MONTH. TO R O U N D I N G . VARIES WITH THE NUMBER OF DAYS TABLE 2C 1/ MATURITY DISTRIBUTION NEW YORK 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 C I T Y . C H I C A G O . A N D ALL AS OF 2 6 D E C 1973 OTHER WEEKLY A N D 2 8 NOV REPORTING AT BANKS 1973 (CUMULATIVE DISTRIBUTION) NEW YORK 26 DEC 28 NOV CHICAGO 26 D E C 2 8 NOV 26 DEC 2 8 NOV 6.8 4.5 9.0 4.8 47.0 47.6 61.5 50.1 50.4 43.4 02 M O N T H S 66.4 69.7 80.4 81.8 67.5 67.7 03 MONTHS 61.9 81.2 88.5 90.9 79.8 77.1 04 MONTHS 88.5 90.2 94.6 94.4 85.7 83.4 05 MONTHS 91.4 92.5 95.0 96.5 88.5 87.7 06 M O N T H S 95.3 94.1 96.3 96.8 91.3 90.1 07 MONTHS 96.9 96.0 97.0 97.1 93.1 92.0 08 MONTHS 98.2 97.2 97.8 97.7 94.6 93.5 09 M O N T H S 98.7 98.5 98.1 98.5 95.7 94.9 10 M O N T H S 98.9 98.8 98.4 98.7 96.5 95.9 11 M O N T H S 99.0 98.9 98.6 99.0 96.8 96.6 12 M O N T H S 99.5 99.0 99.0 99.3 97.2 96.9 100.0 100.0 100.0 100.0 100.0 100. O 2/ 01 M O N T H S OVER 8•6 3/ 12 M O N T H S INCLUDES ONLY BANKS. CERTIFICATES IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR 2 / N U M B E R OF 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 P E R I O D F O L L O W I N G 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/ NUMBER http://fraser.stlouisfed.org/ # # St. Louis Federal Reserve Bank of ALL O T H E R 4.5 0-6 DAYS 1/ CITY # OF MONTHS FOLLOWING # THE MORE I S S U E D BY V A R I E S W I T H THE WEEKLY NUMBER OF REPORTING DAYS SURVEY MONTH. • • • • • • • # TABLE 3A # MATURITY E # E # 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 W E E K L Y R F P O H T L N B B A N K S BY S I Z E OF B A N K S 2 / A S OF 2 6 O E C 1 9 7 3 ( A M O U N T S IN M I L L I O N S OF D O L L A R S ) OF DEPOSIT $1 CD'S MATURING 1973 DEC 1974 1975 IN 27-31 TOTAL $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $1 1/ BILLION ANn PRIME MILLION TO HULTON TOTAL OVER 3/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 5,572.7 312.2 737.2 1,029.2 3,494.1 1 ,705.3 1,251.1 537.7 JANUARY 26,986.1 1,467.1 3,582.9 4,438.1 17,498.0 7 ,570.8 7,270.0 2,657.2 FEBRUARY 11,615.8 611.4 1,417.9 1,826.6 7,759.9 3,720.8 2,725.2 1,313.9 MARCH *,342.3 378.4 942.6 1,233.7 5,787.6 2,955.3 1,962.6 869.7 APRIL 3,948.6 166.5 449.3 547.1 2,785.7 1 ,314.4 1,112.6 358,7 MAY 1,677,8 105.1 265.4 320.5 986.8 574.4 278.4 134.0 JUNE 1,926.7 99.9 185.5 214.8 1,426.5 794.3 493.1 139.1 JULY 1,038.8 58.0 135.3 96. ) 749.4 333.8 323.1 92.5 AUGUST 899.6 51,8 82. 1 77.R 688.2 264.2 370.6 53.4 SEPTEMBER 527.0 41.2 65. J 56.8 363.7 83.0 248.0 32.7 OCTOBER 333.8 27.5 44.U *9.1 173.2 31.3 129.4 12.5 NOVEMBER 165.2 22.8 36.9 31.5 74.0 24.6 40.1 9.3 DECEMBER 299.7 21.6 32.0 50.2 195.9 109.4 50.4 36.1 1,240.5 121.2 131.6 298.3 689.4 43.5 491.0 154.9 64,574.6 3,484.7 8,108.0 10,309.5 42,672.4 19 , 5 2 5 . 1 16,745.6 6,401.7 JANUARY OR L A T E R TOTAL * TAX >*MIA rtTvVTnC"Mr\ ui ' 1UUIKU u»TllL)TTrrc* 1-1 H 1 W n JL i - MARCH 11 663.4 15.3 77.9 107.9 462.3 238.6 160.7 63.0 MARCH 15 1,171.0 24.3 72.9 152.2 921.6 296.7 471.0 153.9 APRIL 15 518.2 11.6 44.8 50.5 411.3 225.8 153.1 32.4 (MEMORANDUM: *>65 90 NUMBER 87 OF BANKS) 51 -- 12 37 1 / I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S . 2 / T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N O N D E C E M B E R 31T 1 9 6 5 . Digitized 3 /for PFRASER R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T R E P O R T E D B Y D E A L E R S T O T R A D E 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 T H E S E C O N D A R Y M A R K E T . http://fraser.stlouisfed.org/ T O T ABank LS M Y Louis NOT ADD D U E TO R O U N D I N G . Federal•Reserve ofASt. QUALITY AND WHICH 18 ARE TABLE 38 S A L E S / ! / 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 M O N T H 2 / AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 3 / A S OF 2 6 DEC 1973 ( A M O U N T S IN M I L L I O N S OF D O L L A R S ) $1 B I L L I O N • CD'S MATURING * 1*73 DEC $200 $200 MILLION AND UNDER TOTAL IN $500 MILLION TO MILLION $500 MILLION TO $1 B I L L I O N AND OVER PRIME 4/ OUTSIDE NEW Y O R K CITY NON-PRIME NEW Y O R K CITY TOTAL 27-31 619,0 1,400.0 1,889.4 7,461.7 3,146.3 3,294.0 1,021.4 FEBRUARY 5,150.3 254.1 598.4 883.3 3,414.5 1,486.1 1,371.7 556.7 MARCH 3,897.8 185.5 525.7 645.1 2,541.5 1,228.7 881.6 431.2 APRIL 1,731.2 32.4 96.7 156.9 1,445.2 863.4 432.6 149.2 MAY- 440.1 10.7 50.7 57.6 321.1 251.1 44.9 25.1 JUNE 796.8 30.8 68.1 61.9 636.0 409.6 171.1 55,3 JULY 205.6 0.7 8.1 9.9 186.9 92.6 89.3 5,0 AUGUST 66.0 1.6 9.5 3.0 51.9 9.9 32.3 9.7 SEPTEMBER 78.1 7.5 7.3 9.5 53.8 19.7 17.9 16,? OCTOBER 26.0 0.5 11.5 5.6 8.4 5.8 1.6 1.0 NOVEMBER 29.4 3.0 7.9 7.5 11.0 2.3 7.3 1.4 174.7 16.4 37.5 56.5 64.3 2.7 29.6 32.0 23,966.1 1,162.2 2,821.4 3,786.2 16,196.3 7,518.2 6,373.9 2,304.2 DECEMBER OR L A T E R TOTAL * NUMBER (MEMORANDUM! 87 90 265 OF B A N K S ) I I I I I I I I I I I 1 I I 1 I I 1 I I I I I I 1 1 I I I 1 L 1 I L 1 I 1 I 11,370.1 1974 J A N U A R Y 1/ S E E T E C H N I C A L A P P E N D I X A . 2 / I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S . 3 / T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 L , 1 9 6 5 . 4 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF 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 O T A L S M A Y N O T A D D D U E TO R O U N D I N G . http://fraser.stlouisfed.org/ Federal Reserve Bank ofE St. Louis # # # E # 7 37 51 # QUALITY # 18 12 AND WHICH # ARE # TABLE M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2 / A S OF 26 D E C 1 9 7 3 PERCENTAGE DISTRIBUTION 3C $1 $200 CD'S MATURING IN TOTAL MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 B I L L I O N 1/ BILLION AND OVER PRIME TOTAL NEW YORK CITY 3/ OUTSIDE NEW Y O R K CITY NON-PRIME 8.6 9,0 9,1 10.0 8.2 8,7 7,5 8,4 41.8 42.1 44,2 43.0 41.0 38,8 43,4 41,5 18.0 17,5 17,5 17.7 18.2 19,1 16,3 20,5 MARCH 12.9 10,9 11.6 12.0 13,6 15,1 11,7 13,6 APRIL 6.1 4,8 5,5 5.3 6,5 6,7 6,6 5,6 MAY 2.6 3,0 3,3 3.1 2,3 2,9 1,7 2,1 JUNE 3.0 2,9 2.3 2.1 3,3 4,1 2,9 2,2 JULY 1*6 1,7 1,7 0,9 1,8 1,7 1.9 1,4 AUGUST 1.4 1,5 1,0 0.8 1,6 1.4 2.2 0,8 SEPTEMBER 0,8 1,2 0,8 0.6 0,9 0.4 1.5 0,5 OCTOBER 0.5 0,8 0,5 0.9 0,4 0.2 0,8 0,2 NOVEMBER 0.3 0,7 0.5 0.3 0,2 0.1 0,2 0,1 DECEMBER 0.5 0,6 0.4 0,5 0,5 0.6 0,3 0,6 1.9 3,5 1.6 2,9 1,6 0.2 2,9 2,4 100.0 100,0 100.0 100,0 100,0 100.0 100,0 100,0 1973 DEC 27-31 1974 JANUARY 'FEBRUARY 1975 JANUARY OR L A T E R TOTAL * DIVIDEND MATURITIES) MARCH IR 1.0 0,4 1,0 1,0 1,1 1.2 1,0 1,0 MARCH 15 1*8 0,7 0.9 1.5 2,2 1.5 2,8 2,4 APRIL 15 0.8 0,3 0.6 0.5 1,0 1.2 0,9 0,5 1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S . 2 / T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 1 . 1 9 6 5 . 3 / P R I M E B A N K S A R E T H O S E W H O S E 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 A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T R E P O R T E D B Y D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF 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 . Digitized •for FRASER T O T A L S M A Y N O T A D D D U E TO R O U N D I N G . QUALITY AND WHICH ARE TABLE 3D MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 26 DEC 1973 CUMULATIVE PERCENTAGE $1 BILLION ANn OVER CD'S MATURING IN $200 MILLION AND UNDER TOTAL $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION PRIME TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 8.6 9.0 9.1 10.0 8.2 8.7 7.5 8.4 JANUARY 50.4 51.1 53.3 53.0 49.2 47.5 50.9 49.9 FEBRUARY 68 • 4 68.6 70.8 70.7 67.4 66.6 67.2 70.4 MARCH 81.3 79.5 P?.4 82.7 81.0 81.7 78.9 84.0 APRIL 87.4 84.3 07.9 88.0 87.5 88.4 85.5 89.6 MAY 90 • 0 87.3 91.2 91.1 89.8 91.3 87.2 91.7 JUNE 93.0 90.2 93.5 93.2 93.1 95.4 90.1 93.9 JULY 94.6 91.9 95.2 94.1 94.9 97.1 92.0 95.3 AUGUST 96.0 93.4 96.2 94.9 96.5 98.5 94.2 96.1 SEPTEMBER 96.A 94.6 97.0 95.5 97.4 98.9 95.7 96.6 OCTOBER 97.3 95.4 97.5 96.4 97.8 99.1 96.5 96.8 NOVEMBER 97.6 96.1 98.0 96.7 98.0 99.2 96.7 96.9 DECEMBER 98.1 96.7 98.4 97.2 98.5 99.8 97.0 97.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1973 DEC 1974 1975 3/ — — — — — — — — — — 27-31 JANUARY OR L A T E R 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OP MORE ISSUED HY WEFKLY REPORTING RANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPOHJ OF CONDITION ON DECEMBER 31. 1965. 3/ PRIME BANKS APE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY OfcALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. http://fraser.stlouisfed.org/ • Federal Reserve Bank of# St. Louis # # # # E # E # TABLE SALES 3E /!/ 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 W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 3 / AS OF 26 D E C 1 9 7 3 PERCENTAGE DISTRIBUTION MONTH $1 CD'S MATURING 1*73 DEC IN $500 MILLION TO I MILLION $1 PRIME MILLION TO BILLION OVER NEW YORK CITY OUTSIDE NEW YORK CITY TOTAL NON-PRIME JANUARY 47.4 53,3 49.6 49.9 46.1 41.8 51.7 44.3 FEBRUARY 21.5 21.9 ?1 •2 23.3 21.1 19.8 21.5 24.2 MARCH 16.3 16.0 18.6 17.0 15.7 16.3 13.8 18.7 APRIL 7.2 2.8 3.4 4.1 8.9 11.5 6.8 6.5 MAY 1.8 0.9 1.8 1.5 2.0 3.3 0.7 1.1 JUNE 3.3 2.7 2.4 1.6 3.9 5.4 2.7 2.4 JULY 0.9 0.1 0.3 0.3 1.2 1.2 1.4 0.2 AUGUST 0.3 0.1 0.3 0.1 0.3 0.1 0.5 0.4 SEPTEMBER 0.3 0.6 0.3 0.3 0.3 0.3 0.3 0.7 OCTOBER O»I 0.0 0.4 0.1 0.1 0.1 0.0 0.0 NOVEMBER 0.1 0.3 0.3 0.2 0.1 0.0 0.1 0.1 DECEMBER OR L A T E R 0.7 1.4 1.3 1.5 0.4 0.0 0.5 1.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 * NUMBER RANOUM: I N C L U D E S ^ C E R T I F I C A TES SIS BANKS REPORTED BY 1 IN#DENOMLNATIONS OF $100,000 OR MORE OF BANKS) -- ISSUED BY WEEKLY REPORTING 1 IME^HOSE^HOSE NEGOTIABLE ^ ^ I ^ T ^ R ^ T ^ ^ ^ J I E C / ^ ^ E I N O DEALERS * TOTALS MAY NOT ADD TO DUE TRADE TO WITHIN ROUNDING. 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE 18 12 37 51 87 90 265 % AND 27-31 TOTAL 2/ BILLION I I I I I I I I I I I I I I 1 X 1 1 4" 1 1 1 $200 MILLION AND UNDER TOTAL 2/ BANKS. OF THE H I G H E S T SECONDARY MARKET. OUALITV AND WHICH ARE TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES (IN MONTHS) DATE OF SURVEY 26 DEC 1*73 2fl MOV 1973 31 OCT 1973 (HY LOCATION) ALL REPORTING BANKS ISSUING CU'S 2.1 2.1 2.4 NEW YORK CITY 2.0 1.9 2.1 CHICAGO 1.6 ].6 1.7 OTHER 2.3 2.3 2.6 (HY SIZE OF BANK) 2/ UNDER $200 MILLION 2.3 2.5 2.7 5200-1500 MILLION 2.0 2.1 ?.3 $500-*1•000 MILLION 2.1 2.1 2.4 OVER Si BILLION 2.1 2.1 2.3 PRIME IN NEW YORK CITY 3/ 2.0 1.9 2.1 PRIME OUTSIDE NEW YORK CITY 3/ 2.3 2.4 2.7 NON-PRIME 2.0 2.1 2.3 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF Si 00,000 OR MORE ISSUED HY WFFKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMHER 31, 196b. 3/ 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 THE SECONDARY MARKET. http://fraser.stlouisfed.org/ # # # # # # # Federal Reserve Bank#of St. Louis # # TABLE AVERAGE # 48 MATURITY OF NEGOTIABLE SOLD DURING TIME RY THE CERTIFICATES WEEKLY MONTH (IN OF VARIOUS SURVEYS MONTHS) DATE ?6 DEC 1/ RANKS REPORTING OF DFPOSIT 1973 28 (BY OF NOV SURVEY 1973 31 OCT 1973 LOCATION) ALL REPORTING BANKS ISSUING 1.9 1.7 1.8 2.1 1.7 1.7 CHICAGO 1.6 1.6 1.5 OTHER 1.8 1.6 1.9 NEW YORK CD'S CITY (RY UNDER BANK) 2/ 1.7 2.0 S200-S500 MILLION 1.8 1.7 1.8 $500-*lTOOO 1.7 ].6 1.9 1.9 1.7 1.8 2.1 1.7 1.? 1.7 l.S 2.0 1.9 1.7 1.6 *1 MILLION OF 1.7 OVER $200 SIZE MILLION BILLION PRIME IN NEW PRIME OUTSIDE YORK CITY 3/ NEW YORK CITY V NON-PRIME CERTIFICATES IN D E N O M I N A T I O N S ISSUED BY WFFKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 196b. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS tiEING OF THE HIGHEST QUALITY AND WHICH ARtr REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. $100,000 MORE INCLUDES N O T E — S E E TECHNICAL APPENDIX B. UF OR 1/ T A B L E SB R A T I O OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T TO T O T A L DEPOSITS AS OF <26 D E C D E P O S I T S 2/ (IN M I L L I O N S OF ALL B A N K S CD'S 5% OR LESS DOLLARS) 1973 OF B A N K S ) (NUMBER TOTAL 10 TO 15% 5 TO 10% 1/ 15 TO 20% 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 ) 25% OR MORE 20 TO 25% ISSUING 42 29 57 50 42 45 19.5 200 16 15 23 17 13 6 13.1 2 0 0 - 500 19 5 17 16 15 15 16.4 5 0 0 - 1000 5 6 9 10 11 10 17.3 OVER 2 3 8 7 3 14 21.9 0 0 0 0 1 6 27.5 0 0 4 4 0 4 19.3 2 3 4 3 2 4 17.2 UNDER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRLMFC 1/ I N C L U D E S C E R T I F I C A T E S 2/ TOTAL D E P O S I T S IN D E N O M I N A T I O N S OF AS R E P O R T E D $ 1 0 0 , 0 0 0 OR MORE IN THE C A L L R E P O R T OF C O N D I T I O N I S S U E D BY WEEKLY ON D E C E M B E R 31, REPORTING BANKS. 1965. 3 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARF 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 A N D W H I C H A R E 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 B A S I S P O I N T S OF 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 . 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 T H I S T A B L E ARE TOTAL DEMAND AND TIME D E P O S I T S , INCLUDING TABLE 5C 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 DEPOSIT /I 28 NOV 1973 TO 26 DEC 1973 (NUMBER OF BANKS) D E C L I N E S OF REDUCED -----------------------C D 1 S TO 10% OR 5 TO 5% OR 7ERO MORE 10% LESS TOTAL D E P O S I T S 2/ (IN M I L L I O N S OF D O L L A R S ) NO CHANGE INCREASES OF - - - - - - - - - - - - - - - - - - - - - - - - ISSUED CD•S BUT 5% OR 5 TO 10% OR HAD NONE O U T S T A N D LESS 10% MORE ING ON BASE D A T E ALL B A N K S ISSUING C,)IS 1 45 35 67 14 44 24 35 1 UNDER 200 1 16 11 20 7 16 7 12 1 200 - 500 0 13 10 28 5 13 9 9 0 500 - 1000 0 12 5 15 2 5 2 10 0 0 4 9 4 0 10 6 4 0 0 1 1 1 0 4 0 0 0 0 1 5 0 0 2 2 2 0 0 2 3 3 0 4 4 2 0 OVER 1000 PRIME IN NEW YORK PRIME OUTSIDE NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF * 1 0 0 * 0 0 0 OR MORE 2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPORT ISSUED BY WEEKLY R E P O R T I N G B A N K S . 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 DEPOSIT ARE R E G A R D E D AS BEING OF THE H L G H F S T QUALITY AND WHICH 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 S E C O N D A R Y M A R K E T . NOTE- THE NUMBER OF B A N K S IN THIS TABLE D I F F E R S FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT R A N K S THAT HAD O U T S T A N D I N G CD'S ON THE LAST S U R V E Y R E D U C E D THEIR O U T S T A N D I N G S TO ZERO ON THIS S U R V E Y . T A B L E 5D PER CENT CHANGE IN O U T S T A N D I N G N E G O T I A B L E 26 SEP 1973 (NUMBER TOTAL DEPOSITS /2 (IN MILLIONS OF DOLLARS) TO 26 DEC OF OF CD'S 25% To OR ZERO MORE 20 TO 25% 15 TO 20% 10 TO 15% DEPOSIT /I 1973 BANKS) DECLINES OF REDU- ALL BANKS ISSUING CD'S TIME CERTIFICATE INCREASE OF 5 TO 10% 5% OR LESS 27 13 15 23 20 35 NO CHANGE 5% OR LESS 5 TO 10% 10 TO 15% 15 TO 20% 20 TO 25% 29 34 21 12 25% OR MORE ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE 22 UNDER 200 1 8 1 5 6 6 6 1 10 15 11 4 3 10 4 200 - 500 0 9 1 3 7 10 14 1 10 13 4 6 1 7 1 500 - 0 7 6 2 5 4 5 1 7 2 4 1 1 5 1 0 3 5 5 S 0 10 0 2 4 2 1 0 0 0 PRIME IN NEW YORK 3/ 0 0 2 0 1 0 1 0 0 2 1 0 0 0 0 PRIME OUTSIDE NEW YORK 3/ 0 2 1 2 3 0 4 0 0 0 0 0 0 0 0 NONPRIME 0 1 2 3 1 0 5 0 2 2 1 1 0 0 0 1000 OVER 1000 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORF ISSUED BY WEEKLY REPORTING BANKS# 2/ TOTAL DEPOSITS AS REPORTED I* THE CALL REPORT OF CONDITION ON DECEMBER 31• 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARF 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 THE SECONDARY MARKET, NOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT RANKS THAT HAD OUTSTANDING CD'S ON T*E SURVEY THREE MONTHS PRIOR TO TwE CURRENT SURVEY• REDUCED THEIR OUTSTANDINGS To ZERO. J •2) T A B L E 5E CHANGE IN O U T S T A N D I N G N E G O T I A B L E OVER THE M O N T H AS A HER T I M E C E R T I F I C A T E S OF CENT OF AT THE B E G I N N I N G OF 2 8 NOV DEPOSIT 1/ TOTAL D E P O S I T S THE P E R I O D 1973 TO 26 DEC 1973 (NUMBER OF B A N K S ) DECLINES OF TOTAL DEPOSITS 2/ (IN M I L L I O N S OF D O L L A R S , INCREASES OF ^ OVER 3* C H 2* 1 6 ^ 6 E LESS 3. „ AND TO TO LESS 2* _3* AND "HE". 51 23 .5 1= 200 1 7 10 28 7 21 8 4 3 200 - 500 3 3 9 35 5 17 8 6 1 500 - 3 4 6 19 2 4 3 1 9 3 2 5 8 0 9 4 4 2 1 1 0 2 0 2 1 0 0 1 1 4 0 0 2 2 0 ? 1 0 1 * 0 B 1 4 0 UNDER OVER 1000 1000 PRIME IN NEW YORK P R I M E O U T S I D E NEW 3/ 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 3 / NOTE- DEPOSITS IN D E N O M I N A T I O N S OF AS R E P O R T E D IN THE C A L L *100.000 REPORT OR M O R E I S S U E D BY W E E K L Y OF C O N D I T I O N ON D E C E M B E R SSSJS'JSK DEPOSITS INTERBANK IN THE D E N O M I N A T O R A N D U.S# OF THE 31. REPORTING BANKS. 1965. "is.* « RATIO GOVERNMENT DEPOSITS. IN T H I S T A B L E ARE T O T A L DEMAND AND TIME DEPOSITS. INCLUDING TABLE CHANGE OVER IN OUTSTANDING THE LAST NEGOTIABLE THREF AT MONTHS THF 26 AS SEP 1973 DEPOSITS DECLINES 2/ TIME CERTIFICATES A PER BEGINNING TO (NUMBER TOTAL 5F OF 26 OF CENT THE OEC OF TOTAL ILL MILLIONS BANKS CD'S OF 5* AND OVER HOLLARS) 3 TO 4% 4 TO 5% DEPOSIT 1/ DEPOSITS PERIOD 1973 BANKS) INCREASES OF — — — — — — — — — (IN OF NO CHANGE 1% AND LESS 1 TO 2% 2 TO 3% OF — — — - — — — — — — — — —— — — — — — — 1% AND UNDER 2 TO 3% 1 TO 2% 4 TO 5% 3 TO 4% 5% AND OVER ISSUING 24 9 16 9 32 44 3 47 27 20 11 3 14 UNDER 200 4 3 3 3 7 13 1 17 13 11 3 2 6 200 - 500 3 2 5 3 14 17 1 19 7 6 4 1 4 500 - 1000 12 2 3 1 5 6 1 10 2 3 1 0 4 5 2 5 7 6 8 0 1 5 0 3 0 0 2 0 1 0 1 0 0 0 2 0 1 0 0 3 1 2 ? 1 3 0 0 0 0 0 0 0 0 1 2 0 4 5 0 1 3 0 2 0 0 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF $100,000 REPORT MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING BANKS. 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 A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D W I T H I N 1 O H 2 B A S I 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 . D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. OF OR IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE 64 MATURITY 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 (AMOUNTS CD'S MATURING 31 ALL DISTRICTS BOSTON 5572.9 250.7 IN 26 DEC DEPOSIT 1/ 1973 MILLIONS OF DOLLARS) PHILADELPHIA CLEVELAND RICHMOND ATLANT A 2158.7 220.6 2«6.7 217.9 216.5 NEW YORK OF ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 695.3 73.0 63.1 116.6 394.4 879.4 CHICAGO 1973 DEC 1974 JAN 26986.1 1323.9 9448.8 1040.4 1187.4 823.0 1155.8 4735.2 417.3 505.4 555.2 1308.2 4485.5 FEB 11615.8 493.8 4584.1 509.2 528.7 347.2 422.8 1804.8 136.7 188.5 259.1 512.3 1828.6 MAR 8342.2 358.7 3463.6 413.8 456.8 338.5 339.4 849.6 93.8 74.9 168.5 334.0 1430.6 APR 3948.7 248.6 1429.1 125.8 206.3 170.0 182.1 519.9 36.4 25.1 76.2 180.6 748.6 MAY 1677.8 140.7 649.0 33.4 111.3 85.6 82.8 84.3 15.0 9.0 84.3 87.1 295.3 JUNi 1926.9 205.2 834.6 20.5 73.1 38.0 81.5 165.2 9.3 8.4 42.1 101.9 345.1 JUL 1038.6 58.1 346.5 6.7 115.5 19.8 71.0 73.5 10.9 3.4 37.2 88.8 207.2 AUG 899.6 101.4 282.2 15.4 63.5 14.6 40.7 67.7 12.3 3.6 17.9 31.6 248.7 SEP 527.1 124.5 112.1 5.5 19.0 10.9 29.3 36.0 2.2 0.9 21.3 31.7 133.7 OCT 334.0 79.9 38.4 6.6 21.3 6.4 25.5 29.7 9.4 3.5 14.1 20.5 78.7 NOV 165.3 14.7 27.8 3.1 10.9 4.8 11.3 22.8 3.8 3.2 12 . 3 13.8 36.8 DEC 299.9 17.5 123.8 7.2 8.6 5.1 11.3 47.7 4.4 0.0 9.1 12.1 53.1 1240.7 62.5 89.3 74.4 456.7 26.0 79.6 104.8 52.3 7.1 35.0 143.0 111.0 64575.6 3480.2 23588.0 2502.6 354B.8 2107.8 2750.6 9236.5 876.8 896.1 1448.9 3260.0 10882.3 2,0 2.7 1.9 1.9 3.4 1.9 2.3 1.6 2.3 1.3 2.4 2.3 2.1 265 19 41 23 18 25 37 11 19 25 33 1975 MATURITY MONTHS NUMBER BANKS LATER OR * AVERAGE IN 2 7 -•BFC JAN TOTAL 2/ OF REPORTING 1/ INCLUDES 2/ SEE • IN OF CERTIFICATES ONLY TECHNICAL DETAILS MAT NOT CERTIFICATES APPENDIX ADD TO ISSUED IN DENOMINATIONS B. TOTALS DUE TO ROUNDING. OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. • • • • • • • TABLE • NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS FEDERAL RESERVE DISTRICT AS (AMOUNTS 1974 1975 TOTAL OF IN 26 DEC SINCE PREVIOUS MONTH 1973 MILLIONS OF DOLLARS) CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 424.9 2105.6 142.8 230.4 191.3 523.6 1965.2 142.3 157.8 913.0 50.7 125.5 79.1 208.4 834.1 220.6 178.6 147.4 508.4 42.4 60.9 75.5 164.6 576.8 85.4 43.3 50.5 34.7 315.0 7.3 9.2 7.0 22.8 191.6 264.4 2.4 8.2 15.1 11.9 24.6 1.3 4.0 3.8 8.6 69.9 15.0 426.1 8.3 16.2 19.1 31.9 117.2 2.7 4.5 11.3 29.4 115.1 205.5 0.1 94.3 0.2 55.1 0.6 2.6 15.4 1.0 0.3 2.5 2.2 31.2 AUG 66.1 1.2 10.6 0.0 1.8 1.0 4.5 8.9 0.0 0.1 1.8 3.8 32.4 SEP 78.1 1.3 42.9 0.0 1.0 1.6 3.6 14.3 0.0 0.0 2.5 3.0 7.9 OCT 26.2 0.8 6.6 0.2 1.6 0.0 5.2 1.2 0.3 3.2 3.3 1.6 2.2 NOV 29.3 0.2 2.8 0.3 1.0 2.0 2.7 0.6 0.0 3.0 2.0 5.1 9.6 176.6 3,4 15.4 1.2 9.1 0.9 13.1 49.5 13.3 3.0 8.7 13.4 45.6 1 i b4 . 5 9173.0 966.0 1087.6 709.8 840.3 4073.7 261.8 444.1 3*8.8 986.5 3881.6 1.9 1.7 1.9 1.8 1.9 1.7 1.9 1.5 1.9 1.7 1.8 MATURING IN ALL DISTRICTS BOSTON JAN 11369.9 588.6 FEB 5150.1 MAR PHILADELPHIA CLEVELAND RICHMOND ATLANTA 4034.1 373.6 491.7 298.1 256.5 1886.1 258.6 238.0 3897.7 192.2 1494.5 235.8 APR 1731.2 69.2 895.2 MAY 440.2 26.0 JUN 796.8 JUL DEC OR LATER 23967.7 * AVERAGE MATURITY IN M O N T H S 3 / 1/ SEE 2/ INCLUDES 3/ SEE * • 2/ OF BY CD'S • 6B 1/ SALES • TECHNICAL ONLY TECHNICAL DETAILS MAY NOT 1.6 I.8 APPRMDIX NEW YORK A. CERTIFICATES ISSUED IN NFNOMINA1" IONS A P P E N D I X TI. ADD TO TOTALS DUE CO R O U N D I N G . OF $100,000 0« MORF BY WEEKLY REPORTING BANKS. TABLE MATURITY 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 26 (PERCENTAGE MATURING IN 8.6 7.2 DEPOSIT 1/ 1973 DISTRIBUTION) PHILADELPHIA CLEVELAND RICHMONO ATLANTA 9.2 8.8 8.1 10.3 7.9 ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 7.5 8.3 7.0 8.0 12.1 8.1 40.1 41.2 CHICAGO 1974 JAN 41.8 38.0 40.1 41.6 33.5 39.0 42.0 51.3 47.6 56.4 FEB 18.0 14.2 19.4 20.3 14.9 16.5 15.4 19.5 15.6 21.0 17.9 15.7 16.8 MAW 12.9 10.3 14.7 17.3 12.9 16.1 12.3 9.2 10.7 8.4 11.6 10.2 13.1 APR 6*1 7.1 6.1 5.0 5.8 8.1 6.6 5.6 4.2 2.8 5.3 5.5 6.9 MAY 2.6 4.0 2.8 1.3 3.1 4.1 3.0 0.9 1.7 1.0 5.8 2.7 2.7 JUN 3.0 5.9 3.5 0.8 2.1 1.8 3.0 1.8 1.1 0.9 2.9 3.1 3.2 JUL 1 .6 1.7 1.5 0.3 3.3 0.9 2.6 0.8 1.2 0.4 2.6 2.7 1.9 AUG 1.4 2.9 1.2 0.6 1.8 0.7 1.5 0.7 1.4 0.4 1.2 1.0 2.3 SEP 0.8 3.6 0.5 0.2 0.5 0.5 1.1 0.4 0.3 0.1 1.5 1.0 1.2 OCT 0.5 2.3 0.2 0.3 0.6 0.3 0.9 0.3 1.1 0.4 1.0 0.6 0.7 NOV 0.3 0.4 0.1 0.1 0.3 0.2 0.4 0.2 0.4 0.4 0.8 0.4 0.3 DEC 0.5 0.5 0.5 0.3 0.2 0.2 0.4 0.5 0.5 0.0 0.6 0.4 0.5 1.9 1.8 0.4 3.0 12.9 1.2 2.9 1.1 6.0 0.8 2.4 4.4 1.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OR BY TOTAL 1/ OR LATER * INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 MORE WEEKLY REPORTING BANKS. M DEC JAN 31 BOSTON NEW YORK OF 1973 1975 27-OEC ALL DISTRICTS DEC CERTIFICATES CD CD'S 6C • • • • • • • TABLE MATURITY DISTRIBUTION OF OF 26 (CUMULATIVE • • • 60 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 DEC CERTIFICATES OF DEPOSIT 1/ 1973 PERCENTAGE) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 7.5 8.3 7.0 TI.O 12.1 8.1 49.9 58.8 55.9 63.4 46.3 52.2 49.3 65.8 65.3 78.3 71.5 84.4 64.2 67.9 66.1 69.4 81.9 77.6 87.5 82.2 92.8 75.8 78.1 79.2 93.0 75.2 90.0 84.2 93.1 86.4 95.6 81.1 83.6 86.1 92.3 94.3 78.3 94.1 87.2 94.0 88.1 96.6 86.9 86.3 88.8 86.7 95.8 95.1 80.4 95.9 90.2 95.8 89.2 97.5 89.8 89.4 92.0 94.6 88.4 97.3 95.4 83.7 96.8 92.8 96.6 90.4 97.9 92.4 92.1 93.9 AUG 96.0 91.3 98.5 96.0 85.5 97.5 94.3 97.3 91.8 98.3 93.6 93.1 96.2 SEP 96.8 94.9 99.0 96.2 86.0 98.0 95.4 97.7 92.1 98.4 95.1 94.1 97.4 OCT 97.3 97.2 99.2 96.5 86.6 98.3 96.3 98.0 93.2 98.8 96.1 94.7 98.1 NOV 97.6 97.6 99.3 96.6 86.9 98.5 96.7 98.2 93.6 99.2 96.9 95.1 98.4 DEC 9q.l 98.1 99.8 96.9 87.1 98.7 97.1 98.7 94.1 99.2 97.5 95.5 98.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OR PY MATURING IN ALL DISTRICTS BOSTON 8.6 7.2 JAN 50.4 FEB PHILADELPHIA CLEVELAND RICHMOND ATLANTA 9.2 8.8 8.1 10.3 7.9 45.2 49.3 50.4 41.6 49.3 68.4 59.4 68.7 70.7 56.5 MAR 81,3 69.7 83.4 88.0 APR 87.4 76.8 89.5 MAY 90.0 80.8 JUN 93.0 JUL DEC JAN 1/ • 27-OEC OR INCLUDES 31 LATER ONLY CERTIFICATES ISSUED IN NEW YORK D E N O M I N A T I O N S OF $100,000 MORE CHICAGO WEEKLY REPORTING BANKS. TABLE 6E 1/ SALES ?/ OF NEGOTIABLE TIME BY C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS FEDERAL RESERVE DISTRICT AS OF 26 (PERCENTAGE CD'S 1975 1/ S E E 2/ • 1973 DISTRIBUTION) KANSAS CITY DALLAS SAN FRANCISCO 51.7 54.5 51.9 49.2 53.1 50.6 18.8 22.4 19.4 28.3 20.3 21.1 21.5 25.2 17.5 12.5 16.2 13.7 19.4 16.7 14.9 4.0 7.1 4.1 7.7 2.8 2.1 1.8 2.3 4.9 0.2 0.8 2.1 1.4 0.6 0.5 0.9 1.0 0.9 1.8 4.6 0.9 1.5 2.7 3.8 2.9 1.0 1.0 2.9 3.0 3.0 0.0 1.0 0.0 5.1 0.1 0.3 0.4 0.4 0.1 0.6 0.2 0.8 0.3 0.1 0.1 0.0 0.2 0.1 0.5 0.2 0.0 0.0 0.5 0.4 0.8 SEP 0.3 0.1 0.5 0.0 0.1 0.2 0.4 0.4 0.0 0.0 0.6 0.3 0.2 OCT 0.1 0.1 0.1 0.0 0.1 0.0 0.6 0.0 0.1 0.7 0.8 0.2 0.1 NOV 0.1 0.0 0.0 0.0 0.1 0.3 0.3 0.0 0.0 0.7 0.5 0.5 0.2 0.7 0.3 0.2 0.1 0.8 0.1 1.6 1.2 5.1 0.7 2.2 1.4 1.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1O0.0 100.0 100.0 OR BY BOSTON JAN 47.4 51.0 FEB 21.5 MAR PHILADELPHIA CLEVELAND RICHMOND ATLANTA 44.0 38.7 45.2 42.0 50.6 22.2 20.6 26.8 21.9 20.0 16.3 16.6 16.3 24.4 20.3 APR 7.2 6,0 9.8 A.A MAY 1.8 2.3 2.9 JUN 3.3 1.3 JUL 0.9 AUG OR LATER * TECHNICAL INCLUDES NOTE MONTH MINNEAPOLIS IN ALL DISTRICTS DEC TOTAL PREVIOUS ST. LOUIS MATURING 1974 DEC SINCE ONLY - SALES DETAILS APPENDIX MAY IN NOT TABLE ADD TO CHICAGO A. CERTIFICATES THIS NEW YORK ISSUED ARE TOTALS NOT DUE IN DENOMINATIONS ADJUSTED TO FOR CD'S OF $100,000 THAT HAVE MORE WEEKLY REPORTING BANKS. MATURED. ROUNDING. t # # # # # # # # # # 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 CERTIFTRATES 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 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.
@FedFRASER