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L.A.I
January 3 , ^ 9 7 4




,

RGSQQr?ck,

CONFIDENTIAL (FR)

L. & 'Qty

SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS

as of

November 28, 1973

Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System

TVNBLE

1

1/
MATURITY

DISTRIBUTION

OF

OUTSTANDING
WEEKLY
AS

CD'S

MATURING

1973

NOVEMBER

NEGOTIABLE
REPORTING

OF

AMOUNT
( M I L L I O N S OFDOLVARS)

IN

26

MOV

TIME

CERTIFICATES

OF

DEPOSIT

AT

RANKS
1073

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

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

6.7

4.7

.0

DECKMREK

26.121.9

40.7

45.4

8,945.7

JANUARY

15,592.0

24.3

69.7

4,476.2

FKNKIKPY

6.452.4

M.L

79.8

3*019.2

MAWCH

4,439.4

A.9

86.7

1,589.4

APRIL

2.209.6

3.4

90.1

333.6

MAY

1.233.4

1 .9

92.0

337.0

JUNE

1,124.7

1 .A

93.8

44.1

JULY

8?9.8

1.3

95.1

22.8

AUGUST

833.6

1 .3

96.4

26.3

SFPTE"HFR

448.3

.7

97.1

15.3

OCTURFR

309.0

.F

97.6

20.8

N O VI- M M E P

1974

3,015.9

136.5

.2

97.8

106.8

1.359.3

2.1

100.0

XXX

64,105.9

LOO.O

XXX

18T937.2

OVER

1?

29

~

30

MONTHS

TOTAL

TAX

(MEMORANDUM!
DECEMBER
OECEMOEP

1/

INCLUDES

2/

SEE

2.140.4
2,749.4

10
17

ONLY

TECHNICAL

CERTIFICATES
APPENDIX

IN

DENOMINATIONS

A.

 S A L E S O F C D ' S M A T U R I N G A F T E R
3/


11

MONTHS.

AND

DIVIDEND

MATURITIES)

OF

$100,000

OR

696.2
843.4

XXX
XXX

3.3
4.3

MORE

ISSUED

BY

WEFKLY

REPORTING

BANKS.

3/

TABLE

2A

1/
MATURITY

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

OF

28

NOV

(IN M I L L I O N S
NEW
CD'S

MATURING

IN

AMOUNT

1
3(1

YORK

OF

DOLLARS)
ALL

CHICAGO
SINCE
MONTH

AT

1973

CITY

SALES
PREVIOUS

OF D E P O S I T
BANKS

AMOUNT

WEEKLY

AMOUNT

SALES SINCE
PREVIOUS MONTH

2/

OTHER

2/

REPORTING

SALES
PREVIOUS

SINCE
MONTH

.0

272.6

.0

1,800.3

.0

8,982.4

3,287.3

2,786,7

772.7

14,352.7

4,885.6

JANUARY

4,613.5

1,281.9

1,934.7

800,8

9,043.8

2,393.5

FEBRUARY

2,403.4

1,225.6

553.2

363.1

3,495.9

1,430.4

MARCH

1,885.0

1,016.6

216.4

95.4

2,338.1

477.5

APRIL

475.4

139.9

125.7

50.7

1,608.4

143.0

MAY

337.6

109.9

16.1

2.6

879.6

224.4

JUNE

367.4

16.2

17.0

.0

720.4

27.9

JULY

242.5

5.8

36.4

.2

560.9

16.8

AUGUST

262.4

3.8

49.1

,2

523.0

22.3

SEPTEMBER

6A.&

6.9

IP.3

.0

371.3

8 .4

OCTOBER

25.6

6.7

1A.2

.0

265.0

13.9

NOVEMBER

1974

943.0

DECEMBER

1973

BANKS

22.4

20.5

16.5

3.1

97.6

83.3

184.R

XXX

60.4

XXX

1,114.2

XXX

20,830.1

7,121.3

6,114.3

2,088.8

37,161.2

9,727.0

NOV

OVER

29

- NOV

12 M O N T H S
TOTAL

NUMBER

OF

*

REPORTING

BANKS

/3

12

1/

INCLUDES

2/

SEE

3/

SALES

ONLY

TECHNICAL
OF

749,6
1,088.?

10
17

CD'S

CERTIFICATES

AFTER

AND

OF

DIVIDEND

221,9
339.5
$100,000

OR

MORE

ISSUED

MATURITIES)
1,168.9
1,321.7

61.2
111.0
BY

WEEKLY

REPORTING

A.

MATURING

TAX

273.9
256.1

IN D E N O M I N A T I O N

APPENDIX

<41.

12
(MEMORANDUM:

DECEMBER
DECEMBER

/3

1,1 M O N T H S .


http://fraser.stlouisfed.org/M A Y N O T A D P D U E T O R O U N D I N G .
• TOTALS
Federal Reserve Bank of St. Louis
•
•
•
•

•

•

•

•

BANKS.

363.1
476.4

/3

2/




TABLE

2B

1/
MATURITY

DISTRIBUTION
NEW

YORK

OF

OUTSTANDING

CITY,

CHICAGO.

A S OF

NEGOTIABLE

AND

28 NOV

ALL

1973

(PERCENTAGE

NEW
co«s

MATURING

YORK

DAYS

AND

31

CERTIFICATES

WEEKLY
OCT

REPORTING

OF

DEPOSIT

AT

BANKS

1973

DISTRIBUTION)

CHICAGO

CITY

ALL

OTHER

IN
2 8 NOV

0-6

OTHER

TIME

2D

31 O C T

NOV

31

OCT

28

NOV

31

OCT

4.5

4.5

.0

4.8

.0

37.4

45.6

41.2

38.6

33.7

01

MONTHS

02

MONTHS

22.1

27.9

11 .6

31 ,5

24.3

24.5

03

MONTHS

11.5

16.3

9.0

17.8

9.4

17.2

04

MONTHS

9.0

5.8

3.5

3.0

6.3

5.3

0*5 M O N T H S

2.3

4.3

2.1

1.9

4.3

4.8

06

MONTHS

1.6

1.6

.3

1.2

2.4

3.8

07

MONTHS

1.9

1.1

•3

.2

1.9

1.7

08

MONTHS

1.2

L.P

.6

.3

1.5

1.8

09

MONTHS

1.3

1.2

.8

.6

1.4

1.4

10 M O N T H S

.3

1.3

.2

.8

1.0

1.3

MONTHS

.1

.3

.3

.2

.7

.9

12 M O N T H S

.1

.1

.3

.3

.3

.6

.9

.9

1.0

1.2

3.0

2.9

100.0

100.0

1*0.0

100.0

100.0

100.0

OF

OR

11

OVFR

3/

.0

43.1

2/

1? M O N T H S

TOTAL

*

1/

INCLUDES
BANKS.

?/

N U H R E " OF
FOLLOWING

H A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S
T H E L A S T W E D N E S D A Y OF T H E M O N T H .

3/

NUMBER

MONTHS

*

TOTALS

OF
MAY

ONLY

CERTIFICATES

RXFOT A D D

FOLLOWING
DUE

TO

IN D E N O M I N A T I O N S

THE

SURVEY

ROUNDING.

MONTH.

$100,000

PERTOD

MORE

VARIFS

ISSUED

WITH

THE

BY

WEEKLY

NUMBER

OF

REPORTING

DAYS




TABLE 2C
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 28 NOV 1973 AND 31 OCT 1973
(CUMULATIVE DISTRIBUTION)
NEW YORK CITY
28 NOV
DAYS

4.5

2/

MONTHS

02

MONTHS

03

3/

MONTHS

•0

2A NOV

31 OCT

28 NOV

31 OCT

4.5

.0

4.8

.0

47.6

37.4

50.1

41.2

43.4

33.7

69,7

65.3

61.7

72.7

67.7

58.2

90.7

90.5

77.1

75.4

IX)

01

31 OCT

ALL OTHER

OD

o-6

CHICAGO

81.6

04 M O N T H S

90.2

87.4

94.2

93.5

83.4

80.7

05

MONTHS

92.5

91.7

. Q6.3

95.4

87.7

85.5

06

MONTHS

94.1

93.3

96.6

96.6

90.1

89.3

07

MONTHS

96.0

94.4

96.9

96 . 8

92.0

91.0

OR

MONTHS

97.2

96.2

97.5

97.1

93.5

92.8

09

MONTHS

98.5

97.4

98.3

97.7

94.9

94.2

10 M O N T H S

9A.8

98.7

98.5

94.5

95.9

95.5

MONTHS

98.9

99.0

98.8

98.7

96.6

96.4

12 M O N T H S

99.0

99.1

99,1

99.0

96.9

97.0

100.0

100.0

100.0

100.0

100,0

100.0

U

OVFR

I? M O N T H S

1/ INCLUDES ONLY rERTIFICaTES IN DENOMINATIONS OF $100,000 OR MORE ISSUED AY WEEKLY REPORTING
HANKS,

?/ NUMBER OF DAYS REMAINING IN SURVEY MONTH, THIS PERIOD VARIES WITH THE NUMBER OF DAYS
FOLLOWING THE L AST WEDNESDAY OF THE MONTH,
3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.

TABLE

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 2 8 MOV 1 9 7 3
( 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

I

BILLION

I
I
I a.
1 UJ
I >
1 o
1

$1

1/

AND

1
1
1
1
1
1
I
I
I
I
1
1
I
L
1

$200 MILLION

$200
CD'S

MATURING

IN

TOTAL

MILLION
AND UNDER

$500

PRIME

*500 M I L L I O N

TO
MILLION

$1

3/
---------

TO
PILLION

OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CITY

TOTAL

3.015.O

155.3

385.2

454.8

2.020.5

893.3

849.6

277.6

DECEMBER

26,121.9

1,327.5

3,189.7

4,195.7

17,409.0

8,660.9

6,313.3

2 , 4 3 4 .8

JANUARY

15,591.9

848.1

2,182.9

2,548.7

10,012.2

4,424.5

3,951.9

1,635.8

FEBRUARY

6,452.4

357.3

819.5

943.3

4,332.3

2,234.7

1,340.4

757.2

MARCH

4,439,1

192.9

416.9

588.6

3,240.9

1,726.6

1,075.8

438.5

APRIL

2,209.5

134.1

353.8

390.3

1.331.3

451.0

670.8

209.5

MAY

1,233.4

95.0

214.6

262.9

660.9

323.3

228.7

108.9

JUNF

1,124.7

69.5

117.4

152.9

784.9

384.7

316.4

83.8

JULY

829.«

57.6

127.2

86.2

558.8

241.2

230.1

87.5

H33.5

50.7

72.6

74.5

635.7

254.3

337.7

43.7

SEPTEMBER

448.?

34.5

5ft.0

47.4

308.3

63.3

228.5

16.5

OCTOBER

308.9

27.3

33.?

83.4

165.0

25.5

127.3

12.2

NOVEMBER

136. S

20.4

29.0

24.0

63.1

22.3

33.6

7.2

1.359.2

122.9

125.7

292.9

817.7

150.2

507.5

160.0

64,105.0

3,493.1

8,125.7

10,145.6

42.340.6

19,855.8

16,211.6

6,273.2

1973 NOV

1974

29-30

AUGUST

•

DECEMBER
OR L A T E R
TOTAL

»

--

(MEMORANDUM:

TAX

AND

DIVIDEND

MATURITIES)

OFCEMHER

10

2.140.4

117.5

259.5

360.3

1,403.1

693.8

497.8

211.5

DECEMBER

17

2,749.4

93.5

271.P

358.6

2,025.5

1,034.8

778.2

212.5

12

18

(MEMORANDUM:

265
1/
2/
3/

90

NUMBER
87

OF

BANKS)
51

———————
37

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 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 .
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 W E T H O S E W W O S F 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 O F T H E H I G H E S T
REPO
 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 ? H 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 F S E C O N D A R Y M A R K E T .
•
T O T A L S MAY NOT ADD H U E TO R O U N D I N G .



QUALITY

AND

WHICH

ARE

SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SIN'CF PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS RY SIZE OF BANKS 3/
AS OF 28 NOV 1973
(AMOUNTS IN MILLIONS OF DOLLARS)

3%

1
1
1
1
1
t
1
1
1
1
1
1
1
1
1
1
1
1
1
1

l
1
i
i
1
i
I
1
I
1
i
I
I
1
i
i
1
I
I
i
I
i
I
i
i
i
I
i
i
I
i
i
1
i
i
i
I
l
1
I
l
1
I
1
1
I

TABLE

CD'S

1973

MATURING

NOV

SI
$200
MILLION
AND UNDFR

TOTAL

IN

$200
$500

MILLION
TO
MILLION

*500
SI

BILLION

AND

PRIME

MILLION
TO
BILLION

OVER
4/
OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CITY

TOTAL

29-30

T'ECFMRER

543.4

1 .108.2

1,360.3

5,933,8

3,188.3

1,861.1

864,4

JANUARY

4.476,1

203.2

646.5

761.7

2,864.7

1,196.3

1,105.9

562.5

FEBRUARY

3,019.?

169.3

419.3

383.0

2,047.6

1,161.6

567.7

318.3

MAPCH

1974

8,945.7

1.589.1

47.6

89.6

124.5

1,327.6

957.1

167.3

203.2

APRIL

333 . 6

12.3

?8.8

46.3

246.2

135.5

92.4

18.3

MAY

337.0

27.7

66.M

79.2

163.3

107.6

21.3

34.4

JUNF

44.?

2.1

12.2

5.9

24.0

16.2

0.6

7.2

JULY

23.A

4.1

9.1

4.2

5.6

5.9

1.3-

1.0

?6.1

3.4

6.0

7.7

9.2

3.8

2.9

2.5

SEPTENHEP

15.1

1.0

6.2

0.8

7.3

6.9

0.3

0.1

OCTOHER

20.7

1.3

4.2

1.1

14.1

6.8

6.5

0.8

106.4

19.6

28.0

23.5

35.5

16.5

2.7

16,3

18.937.0

1,035.0

2,424.9

2,798.2

12,678.9

6,802.5

3,827.4

2,049.0

AUGUST

*

FOVE^^ER
OR L A T E R
TOTAL

*

TAX AND DIVIDEND MATURITIES)
DECEMBER

10

696.1

65.2

101 .2

124.6

405.3

264.9

94.2

46.2

DECEMBER

17

843.4

37.0

117.2

140.2

549.0

241.3

250.1

57.6

51

37

12

18

(MEMOR ANnUM:
87

90

26S
1/
2/
3/
4/

SEE TECHNICAL APPENDIX A.
INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISStJFD BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED V* THE CALL REPORT OF CONDITION ON DFCEMRFR 31, 1965.
PRIMF RANKS AHb THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY ,)LALEwS TO TRADE WITmIN 1 OR 2 RASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
OUF TO ROUNDING.
Digitized for # TOTALS MAY NOT
FRASER


#

#

#

#

#

#

#

#

#

#

#

#

#
TABLE

#

#
MATURITY

3C

#

*

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 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 2 /
A S OF 2 8 N O V 1 9 7 3
PERCENTAGE DISTRIBUTION

OF

#
DEPOSIT

$1

*200
CD'S

MATURING

IN

TOTAL

MILLION
AND UNDER

$200

MILLION
TO
MILLION

$500

$500
$1

MILLION
TO
PILLION

#

1/

BILLION

AND

PRIME
TOTAL

#

NEW YORK
CITY

OVER
3/
OUTSIDE
NEW YORK
CITY

NON-PRIME

4.4

4.7

4.5

4.8

4.5

5.2

4.4

40.7

38.0

39.3

41 .4

41.1

43.6

38.9

38.8

JANUARY

24.3

24.3

26.9

25.1

?3.6

22.3

24.4

26.1

FEBRUARY

10.1

10.2

10.1

9.3

10.2

11.3

8.3

12.1

MARCH

6.9

5.5

5.1

5.8

7.7

8.7

6.6

7.0

APRIL

3.4

3.8

4.4

1.8

3.1

2.3

4.1

3.3

» AY

1.9

2.7

2.6

P.6

1.6

1.6

1.4

1.7

JUNE

1.8

2.0

1.4

1.5

1.9

1.9

2.0

1.3

JULY

1.3

1.6

1.6

0.8

1.3

1.2

1.4

1.4

AUGUST

1*3

1.5

0.9

0.7

1.5

1.3

2.1

0.7

SEPTEMBER

0.7

1.0

0.7

n.5

0.7

0.3

1.4

0.3

OCTOBER

0.5

0.8

0.4

0.8

0.4

0.1

0.8

0.2

NOVEMBER

0.2

n .6

0.4

0.2

0.1

0.1

0.2

0.1

DECEMPER
OR L A T E R

1974

4.7

DECEMBER

1973

2.1

3.5

1.5

2.9

1.9

0.8

3.1

2.6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

NOV

29-30

TOTAL

*

/iiCuADAKinilU •

T A V A h V X " iUC vt nH ID"* I IT J /
i ft
NJ

DECEMBER

10

3.3

3.4

3.2

1.6

3.3

3.5

3.1

3.4

DECEMBER

17

4.3

2.7

3.3

1.5

4.8

5.2

4.8

3.4

1/
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 OF $ 1 0 0 , 0 0 0 OR M O R F I S S U E D 3Y 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 T'J THF C A L L R E P O R T OF C O N D I T I O N O N D F C E M R F R 3 1 . 1 9 6 5 .
P R I M E H A N K S A H T T H O S F W H O S E N F G O T 1 A H 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 R E I N G O F T H E H I G H E S T
R E P O R T F O MY N P A T F R S TO T R A D E W I T H I N 1 OP 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 M A Y M O T A D D D U E TO R O U N D ! ' 6 .




QUALITY

AND

WHICH

ARE

MATURITY

TABLE 3D

CD•5

MATURING

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 F Y S I Z E OF B A N K S 2 /
AS OF 2 8 MOV 1 9 7 3
CUMULATIVE PERCENTAGE

$200
MILLION
AND UNUFR

TOTAL

IN

$200
$500

MILLION
TO
MILLION

$500
$1

OF

DEPOSIT

1/

PRIME 3/

MILLION
TO
MILLION

NEW YORK
CITY

TOTAL

OUTSIDE
NEW YORK
CITY

NON-PRIME

4.4

4.7

4.5

4.8

4 5 .4

42.4

44.0

45.9

45.9

48.1

44.1

43,2

JANUARY

69.7

66.7

70.9

71.0

69.5

70.4

68.5

69.3

FEBRUARY

79.A

76.9

81.0

80.3

79.7

81.7

76.8

81.4

MARCH

86.7

82.4

86.1

86. 1

87.4

90.4

83.4

88.4

APRIL

90.1

86.2

90.5

89.9

Q0.5

92.7

87.5

91.7

MAY

9F.O

88.9

93.1

9? . 5

92.1

94.3

88.9

93.4

JUNE

93.6

90.9

94.5

94.0

94.0

96.2

90.9

94,7

JULY

9S.1

92.5

96,1

94.8

95.3

97.4

92.3

96.1

AUGUST

96.4

94.0

97.0

95.5

96.8

98.7

94.4

96,8

97.1

95.0

97.7

96.0

97.5

99.0

95.8

97.1

97.6

95.8

98.1

96.8

97.9

99.1

96.6

97.3

(iCTOHFR

MOVFH » ER

97. A

96.4

98.5

97.0

98.0

99.2

96.8

97,4

1 00.0

1974

4.7

OECFMHER

1973

100.0

100.0

100.0

100.0

100.0

100.0

100,0

NOV

29-30

SEPTT

HER

OECF^ER

1/

INCLUDES

CERTIFTCATFS

REPORTED

RY

HEALERS




TO

IN

DENOMINATIONS

TRADE

WITHIN

OF

1 OR

*100,000

2

BASIS

OR

MORF

POINTS

OF

ISSUED

EACH

AY

OTHER

WEEKLY

WITHIN

REPORTING

THE

BANKS.

SECONDARY

MARKET.

SALFS

TABLE 3E

/!/

OF

N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT SINCE 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 R Y S I Z E OF B A N K S 3 /
AS O F 2 8 N O V 1 9 7 3
PERCENTAGE DISTRIBUTION

MONTH

$1

$200
CD'S

1973

MATURING

NOV

IN

TOTAL

$200 MILLION

MILLION
AND UNDER

$500

TO

$500 MILLION

$1

MILLION
TO
PILLION

2/

BILLION

AND OVER

PRIME

4/

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

TOTAL

NON-PRIME

?9-30

DECEMBER

52.5

45.7

48.6

46.8

46.9

48.6

43.2

JANUARY

23.6

19.6

26.7

27.2

22.6

17.6

28.9

27.5

FEBRUARY

lb.9

16.4

17.3

11.7

16.1

17.1

14.8

15.5

MARCH

8.4

4.6

3.7

4.4

10.5

14.1

4.4

9.9

APRIL

1.8

1.2

1 .?

1 .7

1.9

2.0

2.4

0.9

MAY

1.8

2.7

2.8

2.6

1.3

1.6

0.6

1#7

UUNF

0.?

0.2

0.5

0.2

0.2

0.2

0.0

0.4

JULY

0.1

0.4

0.4

0.2

0.0

0.1

0.0

0.0

AUGUST

0.1

0.3

0.?

0.3

0.1

0.1

0.1

01
.

SEPTEMBER

0.1

0.1

0.3

0.0

0.1

0.1

0.1

0.1

0.2

0.0

0.1

0.1

0.0
0.2

0,0

OCTOBER
NOVEMBER
OR LATER

1974

47.2

U.#S

1 .9

1.2

0.8

0.3

0.2

0.1

0.8

100.0

100.0

100.0

100.0

100.0

100,0

TOTAL »

100.0

100.0
—

TAX

(MEMORANDUM

AND

DIVIDEND

MATURITIES)

0.0

-

DECEMBER 10

3.7

6.3

4.2

4.5

3.2

3.9

2.5

2,3

DECEMBER 15

4.5

3.6

4.8

R.O

4.3

3.5

6.5

2.8

.—
265

1/
2/
3/
4/

90

(MEMORANDUM!

NUMBER OF BANKS)
87

51

37

12

SEE TECHNICAL APPENDIX A.
„
^ _
INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL DEPOSITS AS REPORTED IM THF CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
PRIME RANKS A«t ThOSb WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE WlTnlN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

* TOTALS MAY NOT ADD DUE TO ROUNDING.


18

TABLE
AVERAGE

4A

MATURITY
OF

OUTSTANDING

NEGOTIABLE
AT

TIME

REPORTING

WEEKLY

AT

CERTIFICATES

VARIOUS
(IN

SURVEY

1/

HATES

MONTHS)

OF

SURVEY

CLASSIFICATION
28

MOV

1973

31
(RY

ALL

DEPOSIT

BANKS

DATE
BINK

OF

REPORTING

OCT

1973

26

SEP

1973

LOCATION)

BANKS
2»1

2.4

2.5

1.9

P. 1

2.2

CHICAGO

1.6

) .7

1.9

OTHFK

2.3

2.6

2.7

ISSUING

NFC < Y O R K
*

CD'S

CITY

(RY

IINNE R

$ 2 0 0

$1

2.9

IN

PRIMF

OUTSIDE

NFW

CJTY

NEW

YORK

CITY

3/

2.7

2.3

1

2.7

N O N - P R IM*.

1/

INCLUDES

?/

TOTAL

D E P O S I T S FLS H F P O R T F D

3/

PRTMF
WHICH

H A N K S ARf- T H O S E
A R F R E P O R T E D PY




CTPTIFICATFS

IN

DENOMINATIONS
I'

THE

CALL

W H O S E - ETIOTTABU"
DFF\LEPs T O T R A D E

OF

$100,000

REPORT

OF

OR

MORE

CONDITION

TSSUEN
ON

BY

WEEKLY

DECEMBER

31,

REPORTING

I

2.2

(VI

2.1

•

2.5

2 . 4

3/

2.3

1.9

YORK

2.4

2 . 1

PRIMP

2.4

2.1

BILLION

2.5

2.1

M I L L I O N

(V

OVFR

2/

2.1

MILLION

$ 5 0 0 - 5 1 , 0 0 0

BANK!

2.7

2.4

I L L I ON

OF

M

$200-5500

SIZE

BANKS,

1965.

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 O F T H E 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 R ? 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 .

e

I

•

•

e

#

e
TABLE

#

e

#

e

*E

AVERAGE MATURITY
OF
NEGOTIABLE
SOLD
DURING

TIME
AY

CERTIFICATES

WEEKLY

THE

MONTH

OF

REPORTING
OF

DEPOSIT

1/

RANKS

VARIOUS

SURVEYS

<4TI MONTHS.)

DATE
RANK

OF

SURVEY

C L A S S I F I C A T ION
2T) N O V

1»73

31

OCT

LO73

26

SEP

1973

tRY LOCATION>
AIL HFPORTING BANKS
1 ,6

1

2.2

Nfc«' YORK CI TY

1 .7

1.7

CM

ISSUING CD'S

CHICAGO

1 *6

1 .5

2.2

OTHFR

I .6

1.9

2.2

fBY SIZE OF BANKh 2/
UNHFjR $P00

ILL I ON

PRIME

BANKS

1 .6

1.9

2.1

1 .6

1.8

2.2

1•7

1.7

2.1

1 .4

?.o

2.3

NON-PRlMt

3/

2. 1

PRIMP OUTSIHt NEW YORK CITY 3/

DEPOSITS

T.S

PRIMP IN NEW YORK CITY 3 /

TOTAL

1• 7

OVFR $1 BILLION

?/

2.1

*500-$1«006 MILLION

INCLUDES

2.0

%2<>0-$SnO MILLION

1/

1• 7

1 .7

1.6

2.0

CERTIFICATES

ARE

IN D E N O M I N A T I O N S

AS R F P O R T F O
THOSF

WHOSE

I,

THE

CALL

NEGOTIABLE

OF

$100,000

REPORT

OF

OR

MORE

CONDITION

CERTIFICATES

OF

ISSUED
NN

DEPOSIT

BY

WEFKLY

DECEMHER
APE

31.

REGARDED

REPORTING

BANKS.

1965.
AS

BEING

OF

THE

HIGHEST

QUALITY


W H I C H A R E R F P O R T E D 9Y D E A L E R S TO T R A D E W I T H I N 1 OR ? R 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 .


AND

TABLE SA
RATIO

OF

OUTSTANDING

NEGOTIABLE
TO
AT

TIME

TOTAL

VARIOUS
(PER

C E R T I F I C A T E S OF

28

NOV

1/

DFPOSITS
SURVEY

DATES

CENTV

DATE
TOTAT D E P O S I T S 2 /
(IN M I L L I O N S O F D O L L A R S )

DEPOSIT

OF

31 O C T

1973

SURVEY

26

1973

SEP

1973

I

ISSUING

©

B»NKS
CD'S

(VI 1
(VI 1

ALL

12.B

14.(V

14.4

200

- 500

17.1

17.5

17.5

500

-

18*0

19.7

20.9

2 U 8

21.A

24.3

26.7

25.2

28.5

19.6

20 .A

23.2

17.1

16.A

18.1

1
1

OVER

1000
1000

PRIME

IN NFU

YORK

PRIME

01 ITS 1 N £

3/

NEW YORK

3/

NONPRI^P

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PHIHE
WHICH

R U N K S ARF T H O S E
A R E R E P O R T E D BY

NOTE-




CERTIFICATES
AS

TIN D E N O M I N A T I O N S

REPORTED

IN

THE

CALL

WHOSE NEGOTIABLE
D E A L E R S TO T R A D E

OF

$100,000

REPORT

OF

OR

MORE

CONDITION

I S S U E D MY
ON

WEEKLY

DECEMBER

31.

REPORTING

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1

200

UNOER

1

20.?

!

19.7

BANKS.

1965.

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 I T H I N 1 OR 2 " 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 OF T H E 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

THIS

TABLE

ARE

TOTAL

DEMAND

AND

TIME

DEPOSITS.

INCLUDING

•

•

#

#

•

#

•

TABLE
R A T I O OF

OUTSTANDING

(IN MILLIONS OF DOLLAR*)

5
TO
i a%

5%
OR
LESS

#

C E R T I F I C A T E S OF

DEPOSIT

1/

DEPOSITS

28 N O V

(NUHPER

#

'

TIME

TOTAL

A S OF

TOTAL DEPOSITS 2/

SB

NEGOTIABLE
TO

E

OF

1973

RANKS)

15
TO
?0%

10
TO
15%

AVERAGE CD
TO DEPOSIT
RATIO (PER CENT)

25%
OR
MORE

20
TO
25%

ALL RANKS ISSUING
CO»S

4?

31

43

5?

49

48

19.7

UNi)FP ?nu

16

16

19

17

15

7

12.6

POO - 500

19

5

16

14

15

18

17.1

500 - 1000

5

6

4

11

1>

12

18.0

nvFR lono

2

4

4

If)

6

11

21. e

PRIMP IN MFW YORK 3/

0

0

0

1

2

4

26.7

PR I HE OUTSTOE NEW YORK 3/

0

1

2

4

1

4

19.6

NOINPRIME

2

3

2

5

3

3

17.1

1/

INCLUDES

if

TOTAL

DEPOSITS

3/

P4IME
WHICH

HANKS APE THOSE
APE R F P O R T F D BY

NOTE-




CERTIFICATES
AS

IN D E N O M I N A T I O N S

REPORTED

IN T H E

CALL

OF

$100,000

REPORT

OF

OR

MORE

CONDITION

ISSUED
ON

<*Y W E E K L Y

DECEMBER

31.

REPORTING

BANKS.

1965.

v 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«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
nE.Al.ERS TO T R A D E W I T H I N 1 OR 2 A A S I S P O I N T S OF F 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 OK T H E R A T I O
I N T E K H A N K FLNO U . S . G O V E R N M E N T D E P O S I T S .

IN

THIS

TABLE

ARE

TOTAL

DFMAND

AND

TIME

DEPOSITS.

INCLUDING

E

TABLE

5C

P ' » CEvT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
E3t OCT 1973 TO 2ft NOV 1973
{NUMBER

(IN M l u lows OF DOLLARS)

RANKS)

OECLINES OF
DEDUCED

CD'S To
ZERO

INCREASES OF

I
•
I
I
I
1
i
•
i
I
i
i
i
i
i
i
i
i
i
i
i
i
i
i

TOTAL DEPOSITS ?/

OF

10* OR
MORE

5 TO
10*

ISSUED CD'S BUT
HAD NONE OUTSTANOING ON BASE DATE

s% OR
1 ESS

NO
CHANGE

5% OR
LESS

43

74

\?

5n

23

27

I

13^

18

4

2?

13

12

1

M

7

9

0

10% OR
MORE

5 TO
10%

ALL BANKS ISSUING
CD'S

0

35

UISJOEH 2 0 0

0

7

£00 - Son

0

14

IP

2?

7

sno - j ooo

A

10

9

21

I

A

2

E

0

OVER

0

4

9

13

0

A

1

4

0

,MFM YORK

0

0

0

>

f
>

3

0

1

0

PHI ME OUTSIHE ricw YORK 3/

0

?

6

4

0

0

0

0

0

NONPRT^F

0

?

3

6

r

1

1

3 .

0

loon

PR IMF

IN

1/ INCLUDES CERTIFICATES TN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEFKUY REPORTING BANKS.
?/ TOTAL OfPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31. 1965.
3/ PR1*1: BANKS APE THOSE -HOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND X
WHICH &PE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 HASIS POINTS OF FACH OTHER WITHIN THE SECONDARY MARKET.
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 LAST SURVEY REDUCED THFTR OUTSTANDINGS TO ZFBO ON THIS SURVEY.

TABLE

PER

CENT

CHANGE

IN O U T S T A N D I N G
29

AUG

NEGOTIABLE

1973

TO

(NUMPER

TOTAL
(IN

ALL

DEPOSITS

MILLIONS

BANKS
CD'S

OF

/2

KEDU-

DOLLARS)

CD'S
TO
ZERO

SO

OF

28

TIME

NOV

CERTIFICATE

OF

20
TO
25*

15
TO
20*

10
TO
15%

Z1

1973

BANKS)

D E C L I N E S OF
25%
OR
MORE

DEPOSIT

INCREASE
5
TO
10*

5*
OR
LESS

NO

5*
OR
LESS

CHANGE

5
TO
10*

OF

20

15
TO

10
TO
15*

25%
OR
MORE

TO
25*

20*

ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE

ISSUING
0

33

15

13

17

20

13

3

27

35

16

12

6

30

5

200

0

7

5

3

2

4

9

1

8

18

5

7

2

17

2

200 - 5 0 0

0

10

2

6

7

9

12

2

9

E

6

4

1

9

2

9

5

3

4

3

5

0

6

6

2

1

2

4

1

4

7

0

4

3

3

0

1

0

0

UNDER

500 - 1000
OVEP

1000

0
IN

NEW

PRIME

OUTSIDE

YORK
NEW

YORK

3/

NONPRIMF

1

n

3/

3

1

0

0

0

0

3

0

1

1

1

0

0

0

0

0

4

2

0

1

1

?

0

1

0

1

0

0

0

0

n

PRIME

7

4

2

1

1

3

3

2

0

2

2

1

0

1

0

0

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PRIME
WHICH

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

NOTE-




CERTIFICATES

IN D E N O M I N A T I O N S

AS R E P O R T E D

IN

THE

CALL

OP

$100,000

REPORT

OF

OR

MORE

CONDITION

ISSUED
ON

PY

WEEKLY

DECEMBER

31.

REPORTING

BANKS.

1965.

WHOSE N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y A N D
H 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 .

T H F N U M B E R OF B A N K S IN T H I S
H A D O U T S T A N D I N G C D ' S ON THE
O U T S T A N D I N G S TO Z E R O .

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
SURVEY THREE MONTHS PRTOR TO THE

O T H E R T A B L E S TO
CURRENT SURVEY,

THE EXTENT THAT
REDUCED THEIR

BANKS

THAT

TABLE: SC
CHANGE,

IN

OUTSTANDING

OVER

THE

NEGOTIABLE
AS

MONTH
AT

THE

31

A

PER

BEGINNING

OCT

1973

(NUMBER

TO

OF

TIME
CENT
OF
2*

CERTIFICATES
OF

THE
NOV

TOTAL

OF

(IN Mill IONS OF DOLLARS)

PERIOD
1973

RANKS)

INCREASES

TO

3%

AND
OVER

ALL BANKS ISSUING
cu 1 c

1

2
TO

3%

1/

DEPOSITS

DECLINES OF

TOTAL DEPOSITS ?/

DEPOSIT

2%

1*
AND
LFSS

NO
CHANGE

1%
AND
LESS

OF

2

1

3%
AND
OVER

TO
3%

TO

2*

16

13

32

94

12

55

33

4

b

UNDER 200

n

3

11

?5

4

26

16

2

2

*00 - bOO

A

1

12

?9

7

16

12

1

1

bOO - 1000

6

6

b

??

I

8

2

0

0

itVKR 1000

2

3

3
T

18

0

5

3

1

2

0

0

0

3

0

2

1

0

1

?

3

1

A

0

0

a

0

0

0

0

?

9

0

3

2

1

1

PRIME IN NEW YORK

1/

PRV«E OUTSIDE NEW

YORK

3/

NONPNIMF

1/ INCLUDES CERTIFICATES TN DENOMINATIONS OF ilOOtOOO OR MORE ISSUED pY WEEKLY REPORTING BANKS.
?/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31T 1965.

NOTE-




DEPOSITS

IN

THF

OEWLMINATOH

OF

THF

RATIO

INTERBANK AND U.S. GOVERNMENT DEPOSITS.

IN

THIS.TSALE

AHE

TOTAL

DEMAND

AND

TIME

DEPOSITS,

INCLUDING

#

#

#

•

#

#

e

e

•

«
•
r

TABLE SF
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 f C E R T I F I C A T E S OF D E P O S I T
OVER THE L A S T T H R E E M O N T H S AS 6 P E R
AT THE B E G I N N I N G OF

1/

C E N T OF T O T A L D E P O S I T S

THE PERIOn

29 AUG 1 9 7 3 TO 2 B N O V

1973

(NUMBER O F B A N K S )

TOTAL DEPOSIT? ?/

1----------

UN MILU0NS 0F D0LL6RS

'

£

a
^

I U ' R A N K S ISSUING

J L J L j ! j f 1

h
2

9

16

46

? 8

3

?

1

3

*

7

200 - 500

r

0

3

T

II

1?

1

2

*

*

1 4

H

Ifl
*
>

UNDER

500

-

OVER

1000

0

1000

PRIME

IN NEW YORK

3/

1

1

0

°

1

0

YORK

3/

NONPHIME

A

0

0

0

?

P R I M E O U T S I D E NEW

0

1

1

1/ I N C L U D E S C E R T I F I C A T E S
?/ TOTAL D E P O S I T S AS

6

2

?

H E P U S I T S IN THF 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 .

1*

0

6

9

8

*
*

*

1

°

1

°

6

10

6

MORF

"

3

1

5

2

1

1

°

ISSUEO *Y W E E K L Y R E P O R T I N G B A N K S .
ON D E C E M B E R

9

8

1

"

12

2

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

' a?s ssrwa^rs JSSJSTCKB £!?;! ^ r




9

a

26

1 2

?

2

IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR

3

MOTE-

1 3

30

1

200

*1

31. 1965.

rui ?f o E iss^rsi^s!^ ,sF
?f

IN T H I S T A B L E ARE 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

6

2

3

T A B L E 6A
MATURITY

D I S T R I B U T I O N OF

O U T S T A N D I N G N E G O T I A B L E TIME CERTIFICATES OF
AT WEEKLY R E P O R T I N G BANKS
BY F E D E R A L R E S E R V E D I S T R I C T
AS OF

(AMOUNTS

ALL
DISTRICTS

OSTON

NEW
YORK

3015.9

119.3

DFC

26122,0

1974 JAN

CD'S

MATURING

IN

28 NOV

IN M I L L I O N S

DEPOSIT

1/

1973
OF

DOLLARS)

MINNEAPOLIS

KANSAS
CITY

DALLAS

FRANCISCO

343.0

373.6

461.8

1236.8

3817.8

2629.5

274.5

275#0

363.9

784.6

2496.2

265.0

891.8

86.0

63.0

179.9

303.8

981.4

159.9

192.0

341. ?

51.4

14.0

93.0

169.4

848.6

163.1

119.4

148.5

205.0

29.1

15.9

69.3

157.7

547.8

31.0

103.1

70.5

70.9

59.7

13.8

5.0

80.5

79.2

220.5

408*5

12.2

56.9

18.9

51.6

47.9

6.6

3.9

30.8

72.9

224.3

58.0

252.2

6.5

60.4

19.2

68.4

58.0

9.9

3.2

34.E

87.1

172.3

833.5

100.2

271.6

15.4

61.7

13.6

36.2

58.8

12.3

3.5

16.1

28.3

215.8

SEP

448.4

123.2

69.2

5.5

18.0

9.4

25.9

21.6

2.2

0.9

18.8

29.5

124.2

OCT

309.0

79.1

31.8

6.4

21.0

6.4

20*3

28.5

9.1

0.4

10.8

19.2

76.0

NOV

136.5

14.5

24.9

2.8

9.2

2.8

8.5

23.3

3.8

0.2

10.3

9.5

26.7

1359.5

76.5

197.7

81.3

457.2

32.1

76.8

102.0

43.4

4.1

35.4

137.9

115.1

3451.2 24170.2

2362.1

3534.2

2020.6

2751.9

8902.2

919.3

811.6

1456.6

3246.1

10480.2

CHI-x
CAGO

ST.
LOUIS

142.3

428.2

34.2

752.1

914.6

4006.7

695.6

524.9

730.9

250.6

290.7

204.9

1969.0

198.0

236.2

179.4

533.9

40.4

1233.5

114.6

384.7

JUN

1124.7

190.2

JUL

630.0

/H'G

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA

1083.3

128.6

149.7

86.5

1256.9

10830.7

916.6

1211.4

15592.0

735.4

5414.7

666.8

FEB

6452.4

237.3

2698.0

MAR

4439.3

166.6

APR

2209.5

MAY

1973 NOV

29-NOV

DEC

OR

30

LATER

64106.2
AVERAGE MATURITY
IN M O N T H S 2/

2.1

2.9

1.8

1.9

3*4

2.1

2.4

1.6

2.3

1.3

2.6

2.5

2.2

NUMBER
BANKS

265

19

41

9

22

18

25

38

11

3

19

25

33

1/

OF

REPORTING

INCLUDES ONLY

?/ SEE

TECHNICAL

* DETAILS MAY NOT




CERTIFICATES
APPFNDIX
ADO

TO

ISSUED

IN D E N O M I N A T I O N S O F

$100,000

OR

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

BANKS.

8.
TOTALS QUE

TO R O U N D I N G #

t

1/

SALES

TABLE

OF

NEGOTIABLE

TIME
AY

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

CD'S

MATURING

IK

ALL
DISTRICTS

* OSTON

NEW
YORK

68

OF

IN

28

NOV

MILLIONS

?./
SINCE

PREVIOUS

MONTH

1973
OF

DOLLARS)

PHILADELPHIA

CLEVELAND

RICHMONO

ATLANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

1973

DFC

8945.7

449.?

4133,8

282,1

435.4

236.6

290.6

1139.9

100.9

116.1

136.3

415.1

1209.7

1974

JAN

4476.2

202,2

1570,7

215,1

179.2

167.4

180.7

999.A

64.1

119.6

70.0

188.6

518.8

FFH

3019.2

110,8

1379.0

97,7

97.4

101.3

104.3

562.6

29.1

48.6

73.6

105.7

309.1

MAN

1599,6

1046,5

131,9

26.8

40.0

41.9

145.1

6.3

7.8

16.3

16.1

85.7

APR

333.6

9,2

147,7

5,4

7.7

21.2

12.7

57.5

1.0

1.0

3.5

9.2

57.5

MAY

337.2

11,7

132,7

8,6

14.4

24.3

23.9

16.9

1.6

1.4

19.9

23.7

53.1

JL.JN

44.1

2,4

16,5

0,2

1,4

0.6

5.8

1,9

0.1

0.0

1.5

1.4

12.3

JUL

25.5

3,2

5,9

0.4

1,5

1,6

3.7

1,2

0.0

0.6

3.8

2.0

1.4

AIJ6

26,3

2,1

3,9

0.5

3.7

7.7

0.7

0.9

0.1

0.1

1.1

2.1

3.4

SFP

15.3

0,3

7,0

0,3

1,2

0.1

2.4

1,4

0.0

0.0

1.2

0.7

0.7

o n

20,6

0,8

7.4

0.4

2.3

0.2

1,5

1,3

0.3

0.0

0.2

0.7

5.5

109.5

0,0

22,9

0,8

16.0

0.0

0.5

10.0

6.8

1.0

10.6

6.9

33.0

1 8 9 4 1 .8

817.1

84 74.0

743.4

792.0

601.2

668.7

2938.F

210.3

296.2

338.0

772.2

2290.2

1,3

1,6

1,7

1.6

1.8

1,7

1,6

1.6

1 .4

2.2

1.5

1.6

NOV
TOTAL

OR

LATFP

*

AVERAGE MATURITY
IN M O N T H S 3 /

1 .6

25 . 2

1/ SEE TECHNICAL APPENDIX A.
2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,00(1 OR MORF BY WEEKLY REPORTING BANKS.
3/ SEE TECHNICAL APPENDIX H.
* DETAILS MAY MOT Ann TO TOTAI S DUE TO ROUNDING.




TABLE 6C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 28 NOV 1973
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN

ALL
OK-

NEW

PHILA-

CLEVE-

YORK

DELPHIA

LAND

RICH-

CHIr

ST.

MINNE-

CAGO

LOUIS

APOLIS

SAN
FRAN-

KANSAS
DALLAS

CISCO

3.B

4.0

5.9

46.0

31.7

38.1

36.4

29.9

33.9

25.0

24.2

23.8

10.0

9.4

7.8

12.4

9.4

9.4

7.0

3.8

5.6

1.7

6.4

5.2

8.1

5.9

5.4

2.3

3.2

2.0

4.8

4.9

5.2

2.9

3.5

2.6

0.7

1.5

0.6

5.5

2.4

2.1

0.5

1.6

0.9

1.9

0.5

0.7

0.5

2.1

2.2

2.1

1.0

0.3

1.7

1.0

2.5

0.7

1.1

0.4

2.4

2.7

1.6

2.9

1.1

0.7

1.7

0.7

1.3

0.7

1.3

0.4

1.1

0.9

2.1

0.7

3.6

0.3

0.2

0.5

0.5

0.9

0.2

0.2

0.1

1.3

0.9

1.2

OCT

0.5

2.3

0.1

0.3

0.6

0.3

0.7

0.3

1.0

0.0

0.7

0.6

0.7

MOV

0.2

0.4

0.1

0.1

0.3

0.1

0.3

0.3

0.4

0.0

0.7

0.3

0.3

2.1

2.2

0.8

3.4

12.9

1.6

2.8

1.1

4.7

0.5

2.4

4.2

1.1

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

TPICTS

3.5

4.5

5.4

4.2

4.3

5.2

4. A

3.7

6.0

40.7

36.4

44.8

38.6

34.3

37.2

33.2

45.0

37.3

JAN

24.3

21.3

22.4

28.2

19.7

26.0

26.6

29.5

FFH

10.1

6.9

11.2

10.6

8.2

10.1

Q.6

MAR

6.9

4.8

8.1

8.4

6.7

7.9

APR

3.4

5.2

2.2

1.7

4.6

MAY

1 .9

3.3

1.6

1.3

JMN

1.8

5.5

1.7

JUL

1.3

1.7

AUG

1.3

SFP

1974

4.7

DEC

1973

OSTON

NOV

DEC
TOTAL

29- NOV

OR

*

30

LATER

MONO

ATLANTA

1/ INCLUDfcS ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100»00n OR MORF 8Y WEEKLY REPORTING BANKS.




CITY

•

•

#

#

#

#

#

TABLE
MATURITY

DISTRIBUTION

OF

#

OF

28

(CUMULATIVE

#

#

60

O U T S T A N D I N G N E G O T I A B L E TIME
AT W E F 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

#

MOV

CERTIFICATES

OF

DEPOSIT

1/

1073

PERCENTAGE)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

4.8

3.7

6.0

3.5

4.0

5.9

38.4

49.8

41.0

52.0

35.2

42.1

42.3

67.5

65.0

79.3

70.9

85.9

60.2

66.3

66.1

66.4

77.6

74.6

89.1

80.3

93.7

72.6

75.7

75.5

91.4

73.1

85.5

81.6

93.1

85.9

95.4

79.0

80.9

83.6

93.2

93.1

77.7

91.4

87.0

95.4

89.1

97.4

83.8

85.8

88 . 8

81.4

94.8

94.4

80.6

94.9

89.6

96.1

90.6

98.0

89.3

88.2

90.9

93,8

86.9

96.5

94.9

82.2

95.8

91.5

96.6

91.3

98.5

91.4

90.4

93.0

JUL

95.1

88.6

97.5

95.2

83.9

96.8

94.0

97.3

92.4

98.9

93.8

93.1

94.6

AUG

96,4

91.5

98.6

95.9

85.6

97.5

95.3

98.0

93.7

99.3

94.9

94.0

96.7

SEP

97.1

95.1

98.9

96.1

86.1

98.0

96.2

98.2

93.9

99.4

96.2

94.9

97.9

OCT

97,6

97.4

99.0

96.4

86.7

98.3

96.9

98.5

94.9

99.4

96.9

95.5

98.6

NOV

97.8

97.8

99.1

96.5

87.0

98.4

97.2

98.8

95.3

99.4

97.6

95.8

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

BY

CD'S M A T U R I N G

IN

ALL
DISTRICTS

BOSTON

4.7

3.5

DEC

45,4

JAN

RICHMOND

ATLANTA

4.5

5.4

4.2

4.3

39.9

49.3

44.2

38.5

41.5

69.7

61.?

71.7

72.4

58.2

79, 8

68.1

82.9

83.0

86.7

72.9

91.0

APR

90.1

78.1

MAY

9? . 0

JUN

NOV

DEC

1/

CHICAGO

5.2

MAR

1974

CLEVELAND

FEB

1973

PHILADELPHIA

29-NOV

OR

INCLUDES

30

LATER

ONLY




CERTIFICATES

ISSUED

NE*U
YORK

IN D E N O M I N A T I O N S

OF

$100,000

MORE

WEEKLY

REPORTING

BANKS.

TABLE

1/
SALES

OF

NEGOTIABLE

TIME
BY

OF

28

(PERCENTAGE

MATURING

IN

ALL
DISTRICTS

AOSTON

NEW
YORK

2/

C E R T I F I C A T E S OF DEPOSIT
WEEKLY REPORTING BANKS
FEDERAL RESERVE DISTRICT
AS

CD'S

6E

NOV

SINCE

PREVIOUS

MONTH

1973

DISTRIBUTION)

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

1973

DEC

47.2

55.0

48.8

37,9

55,0

39.4

43.5

38.A

48.0

39.2

40,3

53.8

52.8

1974

JAN

23.6

24,7

18.5

28,9

22.6

27.8

27.0

34.0

30.5

40.4

20.7

24.4

22.7

FEB

19,9

13.6

16.3

13.1

12,3

16.8

15.6

19.1

13.8

16.4

21.8

13.7

13.5

MAR

8.4

3.1

12.3

17.7

3,4

6.7

6.3

4.9

3.0

2.6

4.8

2.1

3.7

APR

1,8

1.1

1.7

0.7

1.0

3.5

1.9

2.0

0.5

0.3

1.0

1.2

2.5

MAY

1.8

1.4

1 .6

1.2

2.4

4.0

3.6

0.6

0.8

0.5

5.9

3.1

2.3

JUM

0.2

0.3

0.2

0.0

0.2

0.1

0.9

0.1

0.0

0.0

0.4

0.2

0.5

JUL

0,1

0.4

0.1

0.1

0.2

0.3

0.6

0.0

0.0

0.2

1.1

0.3

0.1

AUG

0.1

0.3

0.0

0.1

0.5

1.3

0.1

0.0

0.0

0.0

0.3

0.3

0.1

SEP

0.1

0.0

0.1

0.0

0.2

0.0

0.4

0.0

0.0

0.0

0.4

0.1

0.0

OCT

0.1

0.1

0.1

0.1

0.3

0.0

0.2

0.0

0.1

0.0

0.1

0.1

0.2

0,6

0.0

0.3

0.1

2.0

0.0

0.1

0.3

3.2

0.3

3.1

0.9

1.4

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

OR

BY

NOV
TOTAL

OR

*

1/

SEE

2/

INCLUDES

NOTE
*

-

LATER

TECHNICAL
ONLY

SALES

DETAILS

MAY




APPENDIX

CERTIFICATES

IN T H I S
NOT

4.

ADD

TABLE
TO

ISSUED

ARE

TOTALS

NOT
DUE

IN

DENOMINATIONS

ADJUSTED
TO

FOR

ROUNDING.

CD'S

OF
THAT

$100,000
HAVE

MORE

MATURED.

WEEKLY

REPORTING

BANKS.

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

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

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

Those

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

Those CD's maturing after the last individual

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

quantity for a time period com-

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

Some sales

Sales of CD's between the

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

However, since the minimum maturity for time

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




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

All CD's are assumed to

mature in the middle of the month and those CD's maturing in the survey
month--after the survey date--are assumed to mature in the middle of the
period between the .survey date and the end of the calendar month in which
the survey is taken.

The weights are the quantity of CD's maturing in each

month or fraction thereof as a proportion of total CD's outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.

All of these CD's are assumed to mature in the

middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.

That is, they

are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.

Any CD's sold between

survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.




Technical Note B (continued)

This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date.

While it appears more logical to

assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce comparibility between average
maturities of outstandings and of sales as a result of using two different
starting dates for the calculations.

If the assumption is made that all CD's

are sold at the mid-point between surveys, the average maturity of sales would
be lengthened relative to the average maturity of outstandings, by, in effect,
using an earlier starting date for sales than for outstandings.
Sales of CD's maturing in a particular month are often a large
and highly variable proportion of total sales while changes in outstandings
due in any particular month are a small and rather stable proportion of the
level of total outstandings.

As a result, the average maturity of sales is

much more sensitive to month-to-month variation in the maturity structure of
sales than is the case with the outstandings series.

Thus, large changes in

the calculated average maturity of sales, or situations in which the average
maturity of sales differ sharply from the average maturity of outstandings.
should be interpreted with care and references should be made to actual dollar
sales 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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102