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January 24, 1975 CCDEP- ^ of KANSAS vV*ONFIDENTIAL (PR) JAN 3 0 - 1 ''5 R e s e a r c h Library - SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE WEEKLY REPORTING BANKS as of December 25, 1974 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 N E G O T I A B L E WEEKLY REPORTING A S OF CD'S MATURING DEC C E R T I F I C A T E S OF DEPOSIT AT BANKS 1974 CUMULATIVE PERCENTAGE PERCENTAGE DISTRIBUTION SALES SINCE P R E V I O U S M O N T H 7/ ( M I L L I O N S OF D O L L A R S ) 7,874.5 8.5 8.5 .0 JANUARY 35,540.2 38.5 47.0 14,851.4 FEBRUARY 18,482.4 20.0 67.0 6,473.9 MARCH 13,857.1 15.0 82.0 5,788.8 APRIL 7,098.0 7.7 89.7 2,346.9 MAY 3,233.3 3.5 93.2 957.3 JUNE 2,564.5 2.8 96.0 1,719.9 JULY 843.5 .9 96.9 229.4 AUGUST 489.6 .5 97.4 87.2 SEPTEMBER 315.8 .3 97.7 100.4 OCTOBER 419.1 .5 98.2 61.6 NOVEMBER 406.7 .4 98.6 40.2 DECEMBER 244.3 .3 98.9 376.3 OVER 990.7 1.1 100.0 XXX 92,359.8 100.0 XXX 33,033.2 26 - 1974 DECEMBER 1975 AMOUNT ( M I L L I O N S OF DOLLARS) IN 25 TIME 31 12 M O N T H S TOTAL (MEMORANDUMS MARCH MARCH APRIL 1/ INCLUDES 2/ SEE 3/ S A L E S OF 822.7 1,131.4 670.0 10 17 15 ONLY TECHNICAL CD'S CERTIFICATES IN D E N O M I N A T I O N S OF APPENDIX A. MATURING AFTER 11 M O N T H S . TAX AND DIVIDEND MATURITIES) XXX XXX XXX .9 1.2 .7 $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 3/ 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 O F 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 NEW YORK C I T Y , CHICAGO, AND ALL OTHER WEEKLY REPORTING B A N K S A S OF 25 DEC (IN M I L L I O N S O F NEW CD'S MATURING CHICAGO SALES SINCE PREVIOUS MONTH AMOUNT 2/ ALL SALES SINCE PREVIOUS MONTH OTHER WEEKLY AMOUNT 2/ REPORTING 738.5 .0 4,607.3 .0 11,699.2 4,627.7 3,938.0 1,646.2 19,903.1 8,577.6 FEBRUARY 6,347.2 2,264.2 2,372.0 736.1 9,763.2 3,473.7 MARCH 5,302.8 2,150.3 1,434.3 590.5 7,120.0 3,048.1 APRIL 2,821.0 1,038.5 717.9 289.0 3,559.1 1,019.5 MAY 1,200.0 469.4 283.5 66.4 1,749.8 421.5 JUNE 1,048.9 781.4 246.0 193.8 1,269.6 744.7 JULY 147.7 12.8 76.5 29.3 619.3 187.3 AUGUST 58.9 10.9 16.1 11.3 414.5 65.0 SEPTEMBER 56.5 34.1 9.4 6.2 249.9 60.1 OCTOBER 153.3 43.3 22.2 .4 243.5 17.9 NOVEMBER 165.8 .9 33.8 9.9 207.1 29.3 DECEMBER 115.9 112.4 /3 10.3 118.1 252.0 26 - D E C 31 JANUARY 12 M O N T H S TOTAL NUMBER OF * REPORTING 60.8 XXX 7.8 XXX 922.1 XXX 31,706.7 11,545.9 9,906.3 3,590.9 50,746.6 17,896.7 BANKS 12 11 (MEMORANDUM: INCLUDES 2/ SEE 3/ SALES ONLY TECHNICAL TOTALS OF MAY TAX AND DIVIDEND 373.9 493.4 380.9 M A R C H 10 M A R C H 17 A P R I L 15 1/ CD'S NOT CERTIFICATES IN D E N O M I N A T I O N O F APPENDIX A. MATURING AFTER ADD DUE 11.E /3 TO 11 M O N T H S . ROUNDING. 2/ /3 238 MATURITIES) 85.2 77.7 70.3 $ 1 0 0 , 0 0 0 OR M O R E BANKS SALES SINCE PREVIOUS MONTH .0 OVER * DOLLARS) 2,528.7 1 9 7 4 DEC 1975 AMOUNT IN 1974 CITY YORK AT I S S U E D BY W E E K L Y R E P O R T I N G 363.7 560.3 218.7 BANKS. V TABLE 26 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE NEW YORK CITY, C H I C A G O , AND ALL OTHER AS OF 25 D E C 1974 AND TIME C E R T I F I C A T E S OF WEEKLY 27 NOV REPORTING DEPOSIT AT BANKS 1974 (PERCENTAGE DISTRIBUTION) NEW YORK CDES MATURING 27 NOV 25 D E C ALL CHICAGO CITY IN 25 D E C 27 NOV OTHER 25 D E C 27 N O V 3.0 9.1 4.1 39.8 34.1 39.2 37.7 23.7 23.9 25.9 19.2 23.3 16.7 13.7 14.5 18.5 14.0 13.0 04 MONTHS 8.9 10.6 7.2 9.5 7.0 8.4 05 MONTHS 3.8 6.0 2.9 4.8 3.4 5.2 06 MONTHS 3.3 2.5 2.5 2.4 2.5 2.7 07 MONTHS .5 .9 .8 .6 1.2 1.1 MONTHS .2 .5 .2 .5 .8 .9 09 MONTHS .2 .2 .1 .1 .5 .7 10 M O N T H S .5 .1 .2 .0 .5 .4 11 M O N T H S .5 .4 .3 .2 .4 .5 12 M O N T H S .4 .6 .1 .3 .2 .4 .2 .2 .1 .1 1.8 1.6 100.0 100.0 100.0 100.0 100.0 100.0 8.0 3.5 36.9 37.3 02 MONTHS 20.0 MONTHS 0-6 DAYS MONTHS 01 03 08 OVER 2/ 3/ 12 M O N T H S TOTAL * 1/ INCLUDES ONLY CERTIFICATES 7 . ®> IN D E N O M I N A T I O N S O F $ 1 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y REPORTING BANKS. 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 FOLLOWING THE LAST WEDNESDAY OF THE M O N T H . 3/ NUMBER * TOTALS OF M O N T H S FOLLOWING THE MAY NOT SURVEY MONTH. ADD DUE TO R O U N D I N G . PERIOD VARIES WITH THE i NUMBER OF DAYS I AtLE 2C 1/ MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING NEGOTIABLE CITY, AS CHICAGO, AND OF 25 DEC ALL OTHER 1974 AND TIME CERTIFICATES WEEKLY 27 NOV REPORTING OF DEPOSIT AT BANKS 1974 (CUMULATIVE DISTRIBUTION) NEW CD'S MATURING 25 0-6 CITY CHICAGO ALL OTHER 2/ 3/ DEC 25 DEC 27 NOV 2 7 NOV 25 DEC 27 NOV 8.0 3.5 7.5 3.0 9.1 4.1 44.9 40.8 47.3 37.1 48.3 41.8 01 MONTHS 02 MONTHS 64.9 64.5 71.2 63.0 67.5 65.1 03 MONTHS 81.6 78.2 85.7 81.5 81.5 78.1 04 MONTHS 90.5 88.8 92.9 91.0 88.5 86.5 05 MONTHS 94.3 94.8 95.8 95.8 91.9 91.7 06 MONTHS 97.6 97.3 98.3 98.2 94.4 94.4 07 MONTHS 98.1 98.2 99.1 98.8 95.6 95.5 08 MONTHS 98.3 98.7 99.3 99.3 96.4 96.4 09 MONTHS 98.5 98.9 99.4 99.4 96.9 97.1 10 MONTHS 99.0 99.0 99.6 99.4 97.4 97.5 11 MONTHS 99.5 99.4 99.9 99.6 97.8 98.0 12 MONTHS 99.9 100.0 100.0 99.9 98.0 98.4 100.0 100.0 100.0 100.0 100.0 100.0 OVER 1/ DAYS YORK IN 12 M O N T H S INCLUDES BANKS. ONLY CERTIFICATES IN D E N O M I N A T I O N S OF 2 / NUMBER OF FOLLOWING DAYS REMAINING IN SURVEY MONTH. THIS THE LAST W E D N E S D A Y OF THE M O N T H . 3/ NUMBER MONTHS OF FOLLOWING THE SURVEY MONTH. $100,000 OR MORE PERIOD VARIES ISSUED BY WITH THE WEEKLY NUMBER OF REPORTING DAYS TABLF MATURITY 3A D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E OF B A N K S 2 / AS OF 25 DEC 1974 ( A M O U N T S IN M I L L I O N S O F D O L L A R S ) OF DEPOSIT $1 CD'S MATURING IN / 6-31 $500 MILLION TO BILLION $200 MILLION AND UNDER $200 MILLION TO $500 MILLION 7,874.4 456.2 946.1 1,246.0 TOTAL $1 1/ BILLION OVER AND PRIME 3/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 5,226.1 2,410.5 2,103.2 71?.4 TOTAL 1 9 7 4 DFC 197? JANUARY 35,%40.2 1,790.3 4,200.3 4,998.7 24,560.9 11,015.0 9,999.2 3,546.7 FEBRUARY 18,482.5 703.5 1,788.1 2,392.4 13,598.5 6,083.3 6,100.3 1,414.9 MARCH 13,8S7.0 458.2 1,310.6 1,581.6 10,506.6 4,845.5 4,270.2 1 ,390.9 APRIL 7,098.1 218.2 739.8 806.4 5,333.7 2,643.0 1,968.1 722.6 MAY 3,223.3 150.2. 306.6 405.2 2,371.3 1,150.2 941.8 279.3 JUNE 2,564.6 106.2 250.8 264.2 1,943.4 1,019.0 649.8 274.6 JULY 843.5 41.2 92.1 103.8 606.4 124.3 270.5 211.6 AUGUST 489.7 37.8 60.2 91.9 299.8 57.1 165.0 77.7 SEPTEMBER 315.7 28.0 69.9 58.7 159.1 56.0 54.8 48.3 OCTOBER 419.0 17.6 43.2 80.2 278.0 151.3 85.3 41.4 NOVEMBER 4 0 6 .6 17.5 49.8 64.7 274.6 160.5 81.5 32.6 DECEMBER 244.1 8.4 33.0 39.1 163.6 114.7 22.5 26.4 JANUARY OR L A T E R 990.7 68.0 82.2 344.4 496.1 57.9 346.2 92.0 92,359.4 4,091.3 9,972.7 12,477.3 65,818.1 29,888.3 27,058.4 8,871.4 1976 TOTAL * ^ i iir*iinn a uni 111 * mn nrvrncMn M A T I I Q T T T PC L m • mm m m i n « MARCH 10 822.8 26.9 73.7 87.2 635.0 347.0 220.6 67.4 MARCH 17 1,131.3 32.6 72.1 114.0 912.6 379.2 333.6 199.8 APRIL 15 669.9 8.5 29.1 34.9 597.4 315.5 167.8 114.1 7 12 17 fell p% mm 4* am f% * A| 1/ ^ % OF B A N K S ) —• NUMBER (MEMORANDUM: 261 89 87 49 36 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 O F $ 1 0 0 , 0 0 0 O R M O R E I S S U E D B Y 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 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 O F 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 . Digitized for *FRASER T O T A L S MAY N O T A D D D U E TO R O U N D I N G . DUALITY AND WHICH ARE S A L E S / ! / OF T A B L E 3B 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 AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E OF B A N K S 3 / A S OF 25 D E C 1 9 7 4 ( A M O U N T S IN M I L L I O N S O F D O L L A R S ) 2/ $1 BILLION CD'S $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 B I L L I O N 14,851.5 778.7 1,761.6 2,028.4 FEBRUARY 6,474.0 231.3 610.7 MARCH 5,788.9 223.6 APRIL 2,347.1 MATURING TOTAL NON-PRIME 10,282.8 4,313.9 4,356.9 1,612.0 832.9 4,799.1 2,130.3 2,087.5 581.3 594.9 637.4 4,333.0 1,992.5 1,791.3 549.2 58.8 142.5 255.5 1,890.3 1,003.0 690.8 196.5 957.4 23.2 64.4 99.9 769.9 463.6 214.4 91.9 JUNE 1,720.0 60.8 139.4 149.1 1,370.7 766.1 407.2 197.4 JULY 229.5 5.9 25.8 26.5 171.3 12.6 129.0 29.7 87.3 2.8 12.2 20.5 51.8 10.8 20.5 20.5 100.4 3.2 20.3 13.7 63.2 34.1 16.2 12.9 OCTOBER 61.6 3.0 4.2 4.0 50.4 43.3 4.7 2.4 NOVEMBER 40.2 0.2- 5.3 15.2 19.9 1.0 10.9 8.0 376.2 8.1 41.6 147.1 179.4 111.2 41.3 26.9 3,422.9 4,230.2 23,981.8 10,882.4 9,770.7 3,328.7 12 17 JANUARY SEPTEMBER DECEMBER OR L A T E R TOTAL TOTAL 26-31 AUGUST * 33,034.1 1,399.2 — 261 * 4/ OUTSIDE NEW YORK CITY MAY 1/ 2/ 3/ 4/ PRIME NEW YORK CITY 1974 DEC 1975 IN AND OVER 89 (MEMORANDUM: NUMBER 87 OF BANKS) 49 36 SEE T E C H N I C A L A P P E N D I X A . 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 O R 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 . 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 O F C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 . 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 O F D E P O S I T A R E R E G A R D E D AS B E I N G OF T H E H I G H E S T R E P O R T E D BY 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 . T O T A L S MAY N O T ADD DUE TO R O U N D I N G . QUALITY AND WHICH ARE 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 SIZE OF B A N K S 2 / AS OF 25 DEC 1 9 7 4 PERCENTAGE DISTRIBUTION T A B L E 3C 1/ $1 B I L L I O N $200 CD'S MATURING IN TOTAL MILLION AND U N D E R $200 MILLION TO $500 MILLION $500 MILLION TO SI B I L L I O N PRIME TOTAL NEW YORK CITY 1 9 7 & DEC 1975 26-31 11.2 8.5 10.0 9.5 AND OVER 3/ OUTSIDE NEW YORK CITY 7.9 8.1 7.6 NON-PRIME 8 .0 JANUARY 38.5 43.5 42.1 40.1 37.3 36.9 37.0 40.0 FEBRUARY 20.0 17.2 17.9 19.2 20.7 20.4 22.5 15.9 MARCH 15.0 11.2 13.1 12.7 16.0 16.2 15.8 15,7 APRIL 7.7 5.3 7.4 6.5 8.1 8.8 7.3 8.1 MAY 3.5 3.7 3.1 3.2 3.6 3.8 3.5 3.1 JUNE 2.8 2.6 2.5 2.1 3.0 3. * 2.4 3.1 JULY 0.9 3.0 0.9 0.8 0.9 O.^ 1.0 2.4 AUGUST 0.< 0.9 0.6 0.7 0.5 0.2 0.6 0.9 SEPTEMBER 0.3 0.7 0.7 0.5 0.2 0.2 0.2 0.5 OCTOBER 0.5 0.4 0.4 0.6 0.4 0.5 0.3 0.5 NOVEMBER 0.4 0.4 0.5 0.5 0.4 0.: 0.3 0.4 DECEMBER 0.3 0.2 0.3 0.3 0.2 0.4 0.1 0.3 1.1 1.7 0.8 2.8 0.8 0.2 1.3 1.0 100.0 100.0 100.0 100.0 100.0 100.0 1976 JANUARY OR LATER TOTAL * 100.0 100.0 — (MEMORANDUM TAX AND DIVIDEND MATURITIES) 0.9 0.7 0.7 0.7 1.0 1.2 0.8 0.8 M A R C H 17 1.2 0.8 0.7 0.9 1.4 1.3 1.2 2.3 APRIL 0.7 0.2 0.3 0.3 0.9 1.1 0.6 1.3 MARCH 10 15 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 B Y 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 THE 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 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 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 R E P O R T E D BY 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 OTHER W I T H I N T H E S E C O N D A R Y M A R K E T . * TOTALS MAY NOT ADD DUE TO R O U N D I N G . QUALITY AND WHICH ARE TABLE 3D M A T U R I T Y D I S T R I B U T I O N O F 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 A T 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 O F B A N K S 2 / AS OF 25 DEC 1 9 7 4 CUMULATIVE PERCENTAGE DEPOSIT 1/ $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 B I L L I O N AND OVER PRIME 3/ — TOTAL NEW YORK CITY — — — — — NON-PRIME 11.2 9.5 10.0 7.9 8.1 7.8 8.0 JANUARY 47.0 54.7 51.6 50.1 45.2 45.0 44.8 48.0 FEBRUARY 67.0 71.9 69.5 69.3 65.9 65.4 67.3 63.9 MARCH 82.0 83.1 82.6 82.0 81.9 81.6 83.1 79.6 APRIL 89.7 90.0 88.5 90.0 90.4 90.4 87.7 MAY 93.2 92.1 93.1 91.7 93.6 94.2 93.9 90.8 JUNE 96.0 94.7 95.6 93.8 96.6 97.6 96.3 93.9 JULY 96.9 95.7 96.5 94.6 97.5 98.0 97.3 96.3 AUGUST 97.4 96.6 97.1 95.3 98.0 98.2 97.9 97.2 SEPTEMBER 97.7 97.3 97.8 95.8 98.2 98.4 98.1 97.7 OCTOBER 98.2 97.7 98.2 96.4 98.6 98.9 98.4 98.2 NOVEMBER 98.6 98.1 98.7 96.9 99.0 99.4 98.7 98.6 DECEMBER 98.9 98.3 99.0 97.2 99.2 99.8 98.8 98.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 26-31 JANUARY OR L A T E R CO 00 1976 — OUTSIDE NEW YORK CITY 8.5 1974 DEC 1975 — 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 B Y 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 O F C O N D I T I O N O N 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 O F D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N I OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . DUALITY AND WHICH ARE / > TABLE 3E 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 AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E O F B A N K S 3 / A S OF 2 5 D E C 1 9 7 4 PERCENTAGE DISTRIBUTION MONTH $1 CD'S MATURING 1974 DEC IN TCTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 B I L L I O N 2/ BILLION A N D OVER PRIMF TOTAL 4/ NEW YORK CITY OUTSIDE NEW YORK CITY 39.6 44.6 NON-PRIME 26-31 5 F .7 51.5 42.9 FEBRUARY 19.6 16.5 17.8 19.7 20.0 19.6 21.4 17.5 MARCH 17.5 16.0 17.4 15.1 18.1 18.3 16.3 16.5 APRIL 7.1 4.2 4.2 6.0 7.9 9.2 7.1 5.9 MAY 2.9 1.7 1.9 2.4 3.2 4.? 2.2 2.8 JUNE 5.2 4.3 4.1 3.5 S.7 7.0 4.2 5.9 JULY 0.7 0.4 0.8 0.6 0.7 0.1 1.3 0.9 AUGUST 0.3 0.2 0.4 0.5 0.2 0.1 0.2 0.6 SEPTEMBER 0.3 0.2 0.6 0.3 0.3 0.3 0.2 0.4 OCTOBER 0.2 0.2 0.1 0.1 0.2 0.4 0.0 0.1 NOVEMBER 0.1 0 . 0 0.2 0 . 4 0.1 0.0 0.1 0.2 DECEMBER OR L A T E R I .1 0.6 1.2 3 . 5 0.7 1.0 0.4 0.8 100.0 100.0 1 0 0 . 0 100.0 100.0 100.0 100.0 TOTAL * 1 0 0 . 0 IIMRFP 1 Mn FM RVi Ax ND 1 1xM 2 1 ufri i Mr u vn • M l*UnDCI\ 261 89 87 D UC r R A M I I C 11 DAIMIXJ 4 9 3 6 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 B Y W E E K L Y R E P O R T I N G B A N K S . 3 / T O T A L D E P O S I T S A S R E P O R T E D I N 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 3 1 , 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 A R E R E G A R D E D A S B E I N G O F 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 . * T O T A L S MAY N O T ADD DUE TO R O U N D I N G . CO < 45.0 0 CO 1975 J A N U A R Y 7 12 QUALITY AND WHICH ARE 17 T A B L E 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME AT WEEKLY CERTIFICATES REPORTING AT VARIOUS OF DEPOSIT 1/ BANKS SURVEY DATES FIN M O N T H S ) BANK DATE OF CLASSIFICATION 25 DEC 1974 2 7 NOV (BY ALL REPORTING ISSUING NEW YORK SURVEY 1974 CD'S CITY OTHER LOCATION) 2.0 2.1 2.1 2.0 1.8 2.0 2.0 2.0 2.0 2.1 2.2 2.3 (BY S I Z E OF 2.1 2.1 1.9 2.0 2.1 $500—$1,000 MILLION 2.1 2.1 2.2 OVER 2.0 2.0 2.1 2.1 2.0 2.0 2.0 2.2 2.3 2.1 2.2 2.3 $200 MILLION $200—$500 MILLION $1 B I L L I O N PRIME IN N E W YORK CITY 3/ PRIME OUTSIDE NEW YORK CITY 3/ NON-PRIME 2/ TOTAL 3/ as CERTIFICATES DEPOSITS B A N K ) 2/ 1.9 UNDER INCLUDES 1974 BANKS CHICAGO 1/ 30 OCT IN D E N O M I N A T I O N S O F AS R E P O R T E D IN T H E C A L L srs sKwrcrssi $100,000 R E P O R T OF OR M O R E CONDITION ISSUED BY WEEKLY REPORTING ON DECEMBER 31, 1965. BANKS. T A B L E 4B AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES BY \W E E K L Y SOLD DURING THE OF REPORTING I L A o j I r l L A I SURVEYS MONTHS) DATE D A*Ni\ 1/ BANKS M O N T H OF V A R I O U S (IN DEPOSIT OF SURVEY w I UN 25 D E C 1974 2 7 NOV 30 OCT 1974 1974 (BY L O C A T I O N ) ALL REPORTING ISSUING BANKS CD'S 2 . 1 2.1 2.1 2.2 2.4 2.2 CHICAGO 2.0 2.3 2.3 OTHER 2.0 2.0 2.0 NEW YORK CITY (BY S I Z E OF BANK) 2/ 1.7 1.8 1.8 1.9 1.9 2.1 $500-$!,000 MILLION 2.2 2.0 2.0 OVER 2.1 2.2 2.2 2.2 2.4 2 . 2 2.0 2.1 2.2 2.0 2.0 2.0 UNDER $200 MILLION $200-$500 MILLION $1 B I L L I O N PRIME IN N E W YORK CITY 3/ PRIME OUTSIDE NEW YORK CITY NON-PRIME CERTIFICATES 3/ 1/ INCLUDES 2/ TOTAL 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 O F D E P O S I T A R E R E G A R D E D AS B E I N G O F T H E 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 B Y 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 T H E S E C O N D A R Y M A R K E T . DEPOSITS IN D E N O M I N A T I O N S O F $ 1 0 0 , 0 0 0 OR M O R E AS R E P O R T E D N O T E — S E E TECHNICAL APPENDIX B. IN THE C A L L R E P O R T OF ISSUED BY WEEKLY CONDITION ON DECEMBER 31, REPORTING BANKS. 1965. TABLE RATIO OF OUTSTANDING NEGOTIABLE TIME TO TOTAL AT V A R I O U S (PER 5A C E R T I F I C A T E S OF ALL TOTAL DEPOSITS 2/ M I L L I O N S OF D O L L A R S ) BANKS CD'S 25 D E C ISSUING SURVEY DATES CENT) 30 OCT 1974 1974 25.3 24.2 24.6 200 14.9 15.2 15.2 200 - %00 19.4 19.3 19.6 500 - 1000 20.5 20.5 20.6 29.2 27.3 27.9 33.9 31.3 32.1 27.4 25.9 26.4 23.0 21.5 22.0 1000 PRIME IN N E W YORK 3/ PRIME OUTSIDE NEW YORK 3/ NONPRIME 2/ TOTAL 27 N O V 1974 SURVEY UNDER OVER 1/ I N C L U D E S 1/ DEPOSITS D A T E OF U N DEPOSIT CERTIFICATES DEPOSITS IN D E N O M I N A T I O N S AS R E P O R T E D IN T H E CALL OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY R E P O R T OF ON DECEMBER CONDITION WEEKLY 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 O F D E P O S I T ARE 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 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 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 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 T H E D E N O M I N A T O R OF T H E R A T I O INTERBANK AND U.S. G O V E R N M E N T DEPOSITS. IN T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE 5B 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 T I M E C E R T I F I C A T E S OF DEPOSIT 1/ TO T O T A L D E P O S I T S AS OF 25 DEC 1974 (NUMBER OF B A N K S ) TOTAL DEPOSITS 2/ (IN M I L L I O N S OF ALL BANKS CD'S 5% OR LESS DOLLARS) 5 TO 10% 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE A V E R A G E CD TF D E P O S I T R A T I O (PER C E N T ) ISSUING 43 14 39 42 47 76 25.3 200 15 8 19 21 13 13 14.9 200 - 500 19 3 12 12 15 26 19.4 5 0 0 - 1000 7 3 4 5 11 19 20.5 OVER 2 0 4 4 8 18 29.2 0 0 0 0 0 7 33.9 0 0 0 2 4 6 27.4 2 0 4 2 A 5 23.0 UNDER 1000 PRIME IN N E W PRIME OUTSIDE YORK 3/ NEW Y O R K 3/ NONPRIME 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 ISSUED BY WEEKLY REPORTING B A N K S . 2/ TOTAL DEPOSITS ON D E C E M B E R AS R E P O R T E D IN T H E CALL R E P O R T OF C O N D I T I O N 31, 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 A R E R E G A R D E D AS B E I N G OF T H E H I G H E S T D 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 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 . 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 IN T H I S T A B L E A R E T O T A L D E M A N D A N D T I M E D E P O S I T S , I N C L U D I N G INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE PER CENT 5C 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 T I M E C E R T I F I C A T E 27 NOV 1974 TO (NUMBER OF 25 DEC OF D E P O S I T /I 1974 BANKS) I N C R E A S E S OF D E C L I N E S OF TOTAL (IN ALL DEPOSITS MILLIONS BANKS CD'S OF REDUCED CD'S TO ZERO 2/ DOLLARS) 1 0 % OR MORE ISSUING 5 TO 10% 5 % OR LESS NO CHANGE 5% OR LESS 1 0 % OR MORE 5 TO 10% ISSUED CD'S BUT HAD NONE OUTSTANDING ON B A S E D A T E 0 37 34 55 11 51 35 38 0 UNDER 200 0 17 10 26 6 15 6 9 0 200 - 500 0 12 14 16 5 16 13 11 0 500 - 1000 0 5 9 10 0 10 11 4 0 0 3 1 3 0 10 5 14 0 0 0 0 0 0 4 0 3 0 0 1 0 1 0 2 3 5 0 0 2 1 2 0 4 2 6 0 OVER 1000 PRIME IN N E W YORK PRIME OUTSIDE 3/ NEW YORK 3/ NONPRIME 1/ I N C L U D E S CERTIFICATES 2/ TOTAL DEPOSITS IN D E N O M I N A T I O N S AS R E P O R T E D IN T H E CALL OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY R E P O R T OF ON DECEMBER CONDITION WEEKLY 31, REPORTING BANKS. 1965. 3/ PRIME B A N K S ARE 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 BEING 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 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 . NOTE- T H E N U M B E R O F B A N K S IN T H I S T A B 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 T A B L E S TO T H E E X T E N T T H A T H A D O U T S T A N D I N G C D ' S O N T H E L A S T S U R V E Y R E D U C E D T H E I R O U T S T A N D I N G S TO Z E R O O N T H I S S U R V E Y . BANKS THAT TABLE <D PER CENT CHANGF IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I 25 SEP 19T& TO 25 DEC 1*74 (NUMBER OF B A N K S ) TOTAL DEPOSITS /? (IN MILLIONS OF DOLLARS) REDU- INCREASE OF DECLINES OF CD'S 25% TO OR ZERO MORE ALL BANKS ISSUING CD'S 0 9 UNDER 200 0 1 200 - 500 0 500 - 1000 OVER 20 TO 25% 15 TO 20% 5 TO 10% 5% OR LESS NO CHANGE 5% OR LESS 5 TO 10% 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE NONE OUTSTANDING ON BASE DATE 16 17 24 39 5 32 31 21 17 10 ?6 4 f. 6 3 11 9 1 16 6 4 6 5 13 3 6 1 6 6 4 17 4 8 10 10 6 2 6 1 0 2 ?. 4 6 3 8 0 4 9 4 3 1 3 0 0 0 2 0 2 6 5 0 4 6 3 2 2 4 0 PRIME IN NEW YORK 3/ 0 0 0 0 0 0 2 0 1 3 1 0 0 0 0 PRIME OUTSIDE NEW YORK 3/ 0 0 1 0 1 2 2 0 1 2 1 1 0 1 0 NONPRIME 0 0 1 0 1 4 1 0 2 1 1 1 2 3 0 1000 10 10 TO 15% ISSUED 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S , 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 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 M A R K E T . NOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. TABLE CHANGE IN 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 ? OF OVER THE MONTH A S A PER AT T H E BEGINNING 27 NOV 1974 TO (NUMBER TOTAL (IN ALL DEPOSITS 2/ MILLIONS BANKS CD'S OF DECLINES DOLLARS) 5E 3% AND OVER CENT OF TOTAL OF THE 25 DEC 1 TO 3% 2% 1/ DEPOSITS PERIOD 1974 OF BANKS) I N C R E A S E S ; OF OF 2 TO DEPOSIT 1% AND LESS NO CHANGE 1% AND LESS 1 TO 2 TO 2% 3% 3% AND OVER ISSUING 2 17 37 71 11 56 21 22 24 UNDER 200 0 8 14 32 6 17 5 2 5 200 - 500 2 6 12 21 5 19 9 7 6 500 - 1000 0 2 9 14 0 11 4 5 4 0 1 2 4 0 9 3 8 9 0 0 0 0 0 2 2 1 2 0 1 0 1 0 2 1 3 4 0 0 2 3 0 5 0 4 3 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK 3/ NEW YORK 3/ NONPRIME 1/ INCLUDES CERTIFICATES IN DENOMINATIONS 2/ TOTAL DEPOSITS AS REPORTED 3/ IN T H E C A L L OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S . R E P O R T O F C O N D I T I O N ON DECEMBER 31, 1965. 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 O F T H E 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 POINTS OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T . NOTE- D E P O S I T S IN T H E D E N O M I N A T O R OF T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN T H I S T A B L E A R E T O T A L DEMAND AND TIME DEPOSITS, INCLUDING TABLE CHANGE OVER 5F IN 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 THE CENT OF LAST THREE MONTHS AS A PER AT T H E B E G I N N I N G O F 25 SEP 1974 TO (NUMBER TOTAL (IN ALL DEPOSITS MILLIONS BANKS CD'S OF 2/ THE 25 D E C OF TOTAL DEPOSIT 1/ DEPOSITS PERIOD 1974 BANKS) D E C L I N E S OF DOLLARS) 5% AND OVER 4 TO 5% 3 TO 4% INCREASES 2 TO 1 TO 3% 2% IX NO CHANGE IS AND LESS 1 TO AND UNDER 4 TO 3 TC 4% 2 TO 3% 2% OF 5% AMD OVER 5% ISSUING 3 7 15 17 26 48 5 40 31 22 14 9 20 200 1 1 4 5 12 14 1 20 F 10 3 1 6 200 - 500 2 1 4 5 9 17 4 10 14 4 7 3 6 500 - 0 2 5 5 3 11 0 5 5 4 2 4 3 0 3 2 2 2 6 0 5 4 4 2 1 5 0 0 0 0 0 2 0 0 1 3 1 0 0 0 2 0 1 1 2 0 I 2 0 1 1 1 0 1 2 1 1 2 0 4 1 1 0 0 4 UNDER OVER 1000 1000 PRIME IN N E W PRIME OUTSIDE YORK 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 D E P O S I T S 3/ 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 T H E CALL $ 1 0 0 , 0 0 0 OR R E P O R T OF MORE CONDITION ISSUED BY WEEKLY ON D E C E M B E R 31, REPORTING BANKS. 1965. 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 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 B Y 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 T 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 . NOTE- D E P O S I T S IN T H E D E N O M I N A T O R OF T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, 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 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 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 A S OF (AMOUNTS CD'S MATURING ALL DISTRICTS BOSTON 7874,5 390.4 JAN 35540.1 FEB 1976 ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1139.3 54.0 72.9 165.4 477.8 1430.9 1533.7 5467.1 392.6 510.5 818.4 1858.0 6332.3 445.2 687.4 3045.4 137.0 192.9 327.4 748.1 3803.7 558.3 335.9 513.3 1897.1 107.7 163.5 241.0 551.5 2801.6 265.7 366.3 204.1 300.6 899.2 82.6 87.8 124.6 247.5 1238.1 1248.0 107.0 149.0 97.0 137.4 366.2 37.8 41.0 57.1 78.6 701.7 129.0 1110.5 136.6 144.1 45.0 112.3 346.1 25.4 15.9 54.1 64.6 380.7 843.4 52.4 161.4 48.4 122.1 25.1 33.6 98.3 9.9 10.8 21.3 160.9 99.2 AUG 489.6 122.2 63.8 26.0 58.7 6.7 29.9 26.7 2.3 7.7 15.8 32.2 97.6 SEP 315.9 29.0 62.5 32.1 42.4 6.8 13.4 31.5 11.6 1.0 19.6 22.7 43.3 OCT 419.0 32.8 156.5 10.9 49.9 8.9 24.1 45.4 7.4 10.6 10.8 31.8 29.9 NOV 406.6 29.3 166.9 9.9 45.1 4.8 16.2 61.5 3.0 2.2 10.2 16.8 40.7 DEC 244.2 6.3 125.5 8.6 16.4 7.2 18.7 15.8 1.4 1.0 5.4 15.6 22.3 990.6 24.0 70.6 68.1 376.8 8.8 76.1 28.2 166.2 2.5 17.5 68.3 83.5 4535.6 34439.3 3533.6 4619.1 2446.6 3789.7 13467.8 1038.9 1120.3 1888.6 4374.4 17105.5 2896.2 275.5 386.9 292.2 293.0 1721.8 13010.7 1446.4 1489.7 958.9 18482.5 787.6 6857.9 636.5 813.4 MAR 13857.1 654.6 5570.7 461.9 APR 7098.2 343.6 2938.1 MAY 3233.4 212.6 JUN 2564.3 JUL 26—DEC J A N OR 31 LATER * 92359.4 AVERAGE MATURITY IN M O N T H S 2 / NUMBER BANKS OF RICHATLANTA MOND CHICAGO 2.1 1.9 2.1 3.1 1.8 2.1 1.7 3.6 1.8 1.9 2.0 1.8 261 18 40 9 21 18 25 36 11 5 20 25 33 REPORTING TECHNICAL DETAILS NEW YORK 2.0 1/ INCLUDES ONLY CERTIFICATES * IN M I L L I O N S O F D O L L A R S ) CLEVELAND TOTAL 2/ SEE 1/ 1974 PHILADELPHIA 1974 DEC 1975 IN 25 DEC OF D E P O S I T MAY NOT APPENDIX ADD ISSUED IN D E N O M I N A T I O N S OF B. TO T O T A L S DUE TO R O U N D I N G . $ 1 0 0 , 0 0 0 OR MORE BY.WEEKLY REPORTING BANKS. T A B L E 6B 1/ 2/ SALES OF NEGOTIABLE TIME 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 D I S T R I C T AS OF 25 DEC 1974 <AMOUNTS IN M I L L I O N S OF D O L L A R S ) ALL DISTRICTS BOSTON 1975 JAN 14851.6 821.6 FEB 6474,0 MAR CD'S MATURING IN DALLAS 177 v 5 343.6 690.7 29.5 49.9 115.9 209.5 136:'. 5 823.3 30.2 71.3 139.2 267. * 177.4 56.2 329.6 5.6 35.1 23.0 82.3 398.7 38.7 25.2 88.6 1.2 8.2 P.2 11.3 364.6 85.7 25.0 74.8 262.3 9.7 9.1 27.4 41.4 ?00.3 25.3 71.8 8.7 12.4 33.6 0.8 1 .4 2.4 10.9 35.2 11.5 6.1 3.9 1.0 4.3 13.5 0.0 1.4 0.6 13.7 20.4 6.5 35.4 3.8 14.7 1.5 2.0 7.3 0.7 0.7 3.6 7.2 16.8 61.4 1.4 43.8 1.7 1.5 0.2 1.3 2.1 0.1 0.0 1.0 2.4 4.9 41.3 8.6 1.7 0.7 1.4 2.2 2.3 11.7 0.2 0.0 0.5 4.2 7.8 376.4 5.4 122.5 19.3 8.6 4.5 28.5 16.6 113.9 1,6 3.4 10.1 1594.9 12719.1 1487.6 1345.8 818.1 1237.3 4814.6 299.9 356.2 668.8 1352.8 6.V'-.3 2.1 2.3 1.9 2.0 1.9 5.4 1.8 1.7 1.9 1.8 ST. LOUIS 610.0 2209.2 108.0 142.0 234.3 1016.8 249.8 148.0 186.0 92.9 102.2 55.9 483.2 45.7 22.1 52.2 820.1 111.9 229.2 13.5 13.2 AUG 87.2 10.8 SEP 100.2 OCT NOV CLEVELAND 5325.5 706.0 560.3 390.4 322.7 2520.4 246.7 223.8 5768.9 209.1 2259.1 227.5 APR 2347.0 82.8 1082.7 MAY 957.3 60.3 JUN 1719.9 JUL 1976 DEC OR LATFR TOTAL * 33034.4 AVE *AGE M A T U R I T Y IN MONTHS 3/ 2.0 1.8 2.1 MINNEAPOLIS 1/ SEE T E C H N I C A L APPENDIX A . 2/ INCLUDES ONLY C E R T I F I C A T E S 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 W E E K L Y R E P O R T I N G B A N K S . 3 / SEE T E C H N I C A L A P P E N D I X B . * DETAILS MAY MOT ADO TO TOTALS DUE TO R O U N D I N G . FAN ' KANC3SC0 KANSAS CITY CHICAGO RICHMOND ATLANTA PHILADELPHIA NEW YORK 4j „4 T A B L E 6C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME AT W E E K L Y REPORTING BANKS BY F E D E R A L R E S E R V E D I S T R I C T A S OF 25 DEC CERTIFICATES OF DEPOSIT 1/ 1974 (PERCENTAGE DISTRIBUTION) CD'S ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANR I SCO 8.5 5.2 6.5 8.8 10.9 8.4 40.5 40.6 37.8 45.6 43.3 42.5 37.0 18.2 18.1 22.6 13.2 17.2 17.3 17.1 22.2 12.1 13.7 13.5 14.1 10.4 14.6 12.8 12.6 16.4 7.5 7.9 8.3 7.9 6.7 8.0 7.8 6.6 5.7 7.2 3.6 3.0 3.2 4.0 3.6 2.7 3.6 3.7 3.0 1.8 4.1 2.8 3.2 3.9 3.1 1.8 3.0 2.6 2.6 1.4 2.9 1.5 2.2 0.9 1.2 0.5 1.4 2.6 1.0 0.9 0.7 1.0 1.0 1.1 3.7 0.6 AUG 0.5 2.7 0.2 0.7 1.3 0.3 0.8 0.2 0.2 0.7 0.8 0.7 0.6 SEP 0,3 0.6 0.2 0.9 0.9 0.3 0.4 0.2 1.1 0.1 1.0 0.5 0.3 OCT 0.5 0*7 0.5 0.3 1.1 0.4 0.6 0.3 0.7 0.9 0.6 0.7 0.2 NOV 0.4 0.6 0.5 0.3 1.0 0.2 0.4 0.5 0.3 0.2 0.5 0.6 0,2 DEC 0.3 0.1 0.4 0.2 0.4 0.3 0.5 0.1 0.1 0.1 0.3 0.4 0.1 1.1 0.5 0.2 1.9 8.2 0.4 2.0 0.2 16.0 0.2 0.9 1.6 0.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 ALL DISTRICTS BOSTON 8.5 8.6 JAN 38.5 FEB MATURING PHILADELPHIA CLEVELAND 8.4 7.8 8.4 11.9 7.7 38.0 37.8 40.9 32.3 39.2 20.0 17.4 19.9 18.0 17.6 MAR 15.0 14.4 16.2 13.1 APR 7,7 7.6 8.5 MAY 3,5 4.7 JUN 2.8 JUL 1974 DEC 1975 1976 TOTAL IN 26—DEC 31 J A N OR LATER * 1/ INCLUDES ONLY CERTIFICATES ISSUED NEW YORK IN D E N O M I N A T I O N S OF RICHATLANTA MOND $ 1 0 0 , 0 0 0 OR MORE CHICAGO BY W E E K L Y R E P O R T I N G B A N K S . T A B L E 6D M A T U R I T Y DISTRIBUTION OF OUTSTANDING N E G O T I A B L E TIME CERTIFICATES OF D E P O S I T AT WEEKLY REPORTING B A N K S BY FEDERAL R E S E R V E D I S T R I C T AS OF 25 DEC 1/ 1974 (CUMULATIVE P E R C E N T A G E ) CD'S M A T U R I N G IN ALL DISTRICTS ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS FAN FRANCISCO BOSTON 8.5 8.6 8.5 5.2 6.5 8.8 10.9 8.4 1975 JAN 47.0 48.2 49.1 43.0 52.1 52.1 53.4 45.4 FEB 69.3 66.3 71.7 56.2 69.3 69.4 70.5 67.6 70.4 83.0 79.8 85.8 66.6 83.* 82.2 83.1 84,0 87.3 78.3 91.3 87.7 92.5 74.6 91.7 88.8 88.8 91 .? 94.4 90.3 81.5 95.3 91.3 95.2 78.2 95.4 91.8 90.6 95,3 93.5 97.6 94.2 84.6 97.1 94.3 97.8 80.6 96.P 94.7 *2.1 07.5 96.9 94.7 98.1 95.6 87.2 98.1 95.2 98.5 81.6 97.E 95.8 95.8 98.1 AUG 97.4 97.4 98.3 96.3 88.5 98.4 96.0 98.7 81.8 98.5 96.6 96.5 98,7 SEP 97.7 98.0 98.5 97.2 89.4 98.7 96.4 98.9 82.9 98.6 97.6 97.0 99.0 OCT 98.2 98.7 99.0 97.5 90.5 99.1 97.0 99.2 83.6 99.5 98.2 97.7 99,2 NOV 98.6 99.3 99.5 97.8 91.5 99.3 97.4 99.7 83.9 99.7 98.7 98 • 1 99,4 DEC 98.9 99.4 99.9 98.0 91.9 99.6 97.9 99.8 84.0 99.8 99.0 98.5 99,5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 8.4 7.8 8.4 11.9 7.7 46.6 46.2 48.7 40.7 51.1 67.0 64.0 66.1 66.7 58.3 MAR 82.0 78.4 82.3 79.8 APR 89.7 86.0 90.8 MAY 93.2 90.7 JUN 96.0 JUL 1074 DEC 26-•DEC 31 1976 JAN OR LATER NEW YORK RICHMONO ATLANTA CHICAGO 1/ INCLUDES ONLY C E R T I F I C A T E S 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 B A N K S . TABLE 6E 1/ SALES 2/ 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 A S OF 25 D E C (PERCENTAGE CD'S 1975 1976 MONTH 1974 DISTRIBUTION) MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 45.9 36.0 49.8 51.4 51.1 45.9 18.9 21.1 9.8 16.0 17.3 15.5 21.5 18.1 15.0 17.1 10.1 20.0 20.8 19.8 18.6 7.6 6.8 4.5 6.8 1.9 9.9 3.4 6.1 6.3 3.1 1.6 4.7 2.0 1.8 0.4 2.3 1.2 0.8 2.6 6.4 7.5 6.4 3.1 6.0 5.4 3.2 2.6 4.1 3.1 3.2 0.8 0.1 1.7 5.3 1.1 1.0 0.7 0.3 0.4 0.4 0.8 0.6 0.3 0.7 0.1 0.4 0.3 0.1 0.3 0.3 0.0 0.4 0.1 1.0 0.3 SEP 0.3 0.4 0.3 0.3 1.1 0.2 0.2 0.2 0.2 0.2 0.5 0.5 0.3 OCT 0.2 0.1 0.3 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.1 0.3 0.1 NOV 0.1 0.5 0.0 0.0 0.1 0.3 0.2 0.2 0.1 0.0 0.1 0.3 0.1 1.1 0.3 1.0 1.3 0.6 0.6 2.3 0.3 38.0 0.4 0.5 0.8 0.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 IN ALL DISTRICTS BOSTON JAN 45.0 51.5 FEB 19.6 MAR PHILADELPHIA CLEVELAND 41.9 47.5 41.6 47.7 49.3 20.2 19.8 16.6 16.6 17.4 17.5 13.1 17.8 15.3 18.6 APR 7.1 5.2 8.5 6.2 MAY 2.9 3.8 3.8 JUN 5.2 3.3 JUL 0.7 AUG DEC OR LATER 1/ SEE TECHNICAL APPENDIX SALES DETAILS IN T H I S MAY NOT ADD TABLE NEW YORK RICHATLANTA MOND CHICAGO A. 2/ INCLUDES ONLY CERTIFICATES * PREVIOUS ST. LOUIS MATURING TOTAL * NOTE - SINCE ISSUED ARE NOT TO T O T A L S DUE IN D E N O M I N A T I O N S O F ADJUSTED FOR TO ROUNDING. CD'S $ 1 0 0 , 0 0 0 OR MORE BY W E E K L Y R E P O R T I N G B A N K S . THAT HAVE MATURED. TECHNICAL APPENDIX A DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT Sales of CD's between survey dates are derived in the following manner: Outstanding CD's maturing in each, month of the previous survey are subtracted from maturities in the same month of the current survey. Those CD's maturing in the remaining portion of the month in which the current survey is taken are ignored. Those CD's maturing after the last individual month shown in the current survey (i.e. CD's with the longest maturity) are added to those CD's maturing in the last individual month shown on that survey in order to derive an outstanding quantity for a time period com- parable' to the longest maturity CD's shown on the previous survey. The procedure used produces gross sales of CD's between survey dates maturing in each of the eleven full months after the currect survey, and combines sales of CD's maturing in twelve or more months. are also lost by the method described above. Some sales Sales of CD's between the survey dates that mature in the remaining days of the calendar month of the current survey are ignored. However, since the minimum maturity for time deposits under current regulations is 30 days, the time period between monthly survey dates (28 to 34 days) suggests that very few sales are lost from the series as derived in this manner. Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured between surveys and (2) the amount, if any, of sales between survey dates that mature in the remaining days of the calendar month in which the current survey is taken. TECHNICAL NOTE B CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT OUTSTANDINGS Average maturities of outstanding negotiable time certificates of deposit are calculated on a weighted .average basis • All CD's are assumed to mature in the middle of the month and those CD's maturing in the survey month--after the survey date—are assumed to mature in the middle of the period between the .survey date and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD's outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way• That is, they are weighted averages calculated from the survey date with the assumption made that all CD's mature in the middle of the month, Any CD's sold between survey dates and maturing in the period between the current survey date and the end of the calendar month in which the current survey was taken (a maximum of 6 days) are ignored. Technical Note B (continued) This procedure assumes all CD's sold between survey dates were issued on the most recent survey date. While it appears more logical to assume that all CD's were sold at the mid-point between the two surveys, such an assumption would tend to reduce comparibility between average maturities of outstandings and of sales as a result of using two different starting dates for the calculations. If the assumption is made that all CD's are sold at the mid-point between surveys, the average maturity of sales would be lengthened relative to the average maturity of outstandings, by, in effect, using an earlier starting date for sales than for outstandings. Sales of CD's maturing in a particular month are often a large and highly variable proportion of total sales while changes in outstandings due in any particular month are a small and rather stable proportion of the level of total outstandings. As a result, the average maturity of sales is much more sensitive to month-to-month variation in the maturity structure of sales than is the case with the outstandings series. Thus, large changes in the calculated average maturity of sales, or situations in which the average maturity of sales differ sharply from the average maturity of outstandings. should be interpreted with care and references should be made to actual dollar sales by month. Formulas for calculation of average maturities are available on request from the Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System.
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