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L.4.1
CONFIDENTIAL (FR)

January 9, 1970.

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

fcrL-.L k?
KAN

November 26, 1969.

NOTE:




Sales since the previous survey and comparisons with
previous data reflect revisions in the October report
whereby $5.1 million in outstanding negotiable CD's
have been eliminated from the series .
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.

TABLE

VATUKITv

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

OUTSTANDING
WEEKLY

NEGOTIABLE
REPORTING

AS OF

CD'S

MATURING

26 NOV

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

1/
D E P O S I T AT

BANKS
1969

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

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

233.0

2.1

2.1

DECEMBER

2,942.5

26.0

28.1

671.9

JANUARY

2,597.2

22.9

51.0

258.6

FEBRUARY

1,394.4

12.3

63.3

546.7

MARCH

923.0

8.2

71.5

100.5

APRIL

997.8

8.8

80.3

MAY

707.9

6.3

86.6

JUNE

263.9

2.3

88.9

JULY

290.7

2.6

91.5

8.1

AUGUST

137.4

1,2

92.7

6.9

SEPTEMBER

225.8

2.0

94.7

7.6

OCTOBER

225.2

2.0

96.7

8.6

NOVEMBER

112.9

1.0

97.7

OVER

268.2

2.4

100.0

XXX

100.0

XXX

2,249.4

1969 N O V E M B E R

197C

AMOUNT
( M I L L I O N S OF
DOLLARS)

IN

1

27 -

30

12 M O N T H S

11,319.9

TOTAL

TAX

(MEMORANDUM:
DECEMBER
DECEMBER

1/

INCLUDES ONLY

CERTIFICATES

2/

SEE

APPENDIX

3/

S A L E S OF




TECHNICAL

1.1

119.2
377.3

10
15

CD'S MATURING

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

A.
AFTER

11 M O N T H S .

AND DIVIDEND

3.3

OF

$ 1 0 0 , 0 0 0 OR M O R E

.0

81.0
438.5
35.2

85.7 3/

MATURITIES)
XXX
XXX

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 .

28.5
102.4

T A B L E 2A

1Z
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
NEW Y O R K C I T Y , C H I C A G O , A N D ALL OTHER W E E K L Y R E P O R T I N G B A N K S
AS OF

26 NOV

CIN M I L L I O N S OF
NFW
CD'S

MATURING

1969
DOLLARS)
ALL

CHICAGO

YORK C I T Y
S A L E S SINCE
PREVIOUS MONTH

AMOUNT
2/ -

S A L E S SINCE
PREVIOUS MONTH

2/ -

OTHER

WEEKLY REPORTING

AMOUNT

-

.0

22.2

.0

182.3

.0

DECEMBER

619.1

213.0

120.3

19.1

2 , 2 0 3.1

4 39.8

JANUARY

784.8

104.8

107.0

4.2

1,705.4

149.6

FEBRUARY

343.4

206.5

71.8

24.0

979.2

316.2

MARCH

177.2

46.2

57.2

10.6

68 8.6

43.7

APRIL

253.1

1*.7

32.9

.8

71 1.8

6 0.5

MAY

193.1

108.5

21.8

8.3

493.0

321.7

JUNE

50.8

12.4

28.8

.2

184.3

22.6

JULY

64.2

1.8

36,4

.0

190.1

6.3

AUGUST

39.0

.5

4.6

.0

93.8

6.4

SEPTEMBER

53.5

.7

19.3

.0

153.0

6.9

OCTOBER

33.4

.6

9.7

.2

182.1

8.2

NOVEMBER

41.8

36.4

64.1

43.5

OVER

48. 7

XXX

17.3

XXX

202.2

XXX

2,730.6

751.1

556.3

72.8

8,03 3.0

1,42 5.5

27 - NOV

12 M O N T H S
TOTAL

NUMBER

30

*

OF R E P O R T I N G

/

(MEMORANDUM:
DECEMBER
DECEMBER

9.6
138.6

10
15

1/

INCLUDES ONLY

CERTIFICATES

2/

SEE

APPENDIX

TECHNICAL

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

A.

Digitized for
3/FRASER
S A L E S OF C D ' S M A T U R I N G AFTER 11 M O N T H S .
http://fraser.stlouisfed.org/
Federal Reserve
* T O TBank
A L S ofM St.
A Y Louis
N O T A O D DUE TO R O U N D I N G .

TAX

AND DIVIDEND MATURITIES)

2.6
70.7
OF

$100,000

/3

238

11

11

BANKS

5.8 /3

7.0

/3

'

BANKS

SALES SINCE
PREVIOUS MONTH 2/

28.5

1969 NOV

1970

AMOUNT

IN

AT

OR M O R E

5.2
14.8

.3
2.6

I S S U E D BY W E E K L Y

REPORTING

104.9
225.1

25.6
29.6

BANKS.

v-




TABLE

28

1/
MATURITY

DISTRIBUTION
MEN

YORK

OF

OUTSTANDING NEGOTIABLE

CITY, CHICAGO,
AS OF

AND

26 NOV

ALL O T H E R

1969

(PERCENTAGE

NEW

YORK

TIME

C E R T I F I C A T E S OF D E P O S I T

WEEKLY REPORTING

A N D 29 OCT

BANKS

1969

DISTRIBUTION)

ALL

CHICAGO

CITY

OTHER

V U " O nn 1 Ul\ 1 'NU 1 'N
26 N O V

29 O C T

26 N O V

29 O C T

4.2

4.0

1.2

2.3

2.3

22.7

17.1

21.6

24.2

27.4

21.3

C 2 MONTHS

29.7

16.4

19.2

16.4

21.2

20.9

03 M O N T H S

12.6

27.4

12.9

16.6

12.2

18.5

04 MONTHS

6.5

5.5

10.3

7.7

8.6

7.9

05 MONTHS

9.3

5.3

5.9

7.5

8.9

7.7

06 M O N T H S

7. 1

9.4

3.9

5.2

6.1

7.7

07 MONTHS

1.9

3.4

5.2

2.2

2.3

2.0

08 MONTHS

2.4

1.5

6.5

4.6

2.4

1.9

09 M O N T H S

1.4

2.5

.8

5.9

1.2

2.2

10 M O N T H S

2.0

1.6

3.5

.7

1.9

1.0

11 M O N T H S

1.2

2.1

1.7

3.1

2.3

1.7

12 M O N T H S

1.5

1.3

1.3

1.6

.8

2.1

1.8

2.2

3.1

3.0

2.5

2.7

100.0

100.0

100.0

100.0

100.0

100.0

OF $ 1 0 0 , 0 0 0

OR M O R E

IDAYS 2/
MONTHS

01

OVER

3/

12 M O N T H S

TOTAL

*

INCLUDES ONLY CERTIFICATES
BANKS.

2/ N U M B E R OF
FOLLOWING
3/ N U M B E R
*

26 NOV

29 OCT

1.0

0—6

1/

AT

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

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

OF M O N T H S F O L L O W I N G

TOTALS M A Y N O T ADD

DUE

TO

THE

SURVEY

ROUNDING.

MONTH.

ISSUED

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

P E R I O D V A R I E S W I T H T H E N U M B E R OF

DAYS




TABLE

MATURITY

DISTRIBUTION
NFW

YORK

OF

OUTSTANDING

CITY, CHICAGO,
A S OF

2C

NEGOTIABLE

A N D ALL O T H E R

26 NOV

1969

1/

T I M E C E R T I F I C A T E S OF D E P O S I T
WEEKLY REPORTING

A N D 29 OCT

AT

BANKS

1969

(CUMULATIVE DISTRIBUTION!

r n • C M ATI IDT MP

TM

NEW

YORK CITY

26 N O V

0-6

2/

26 NOV

ALL
29 O C T

OTHER

?6 N O V

29 O C T

1.0

4.2

4.0

1.2

2.3

2.3

23.7

21.3

25.6

25.4

29.7

23.6

02 M O N T H S

52.4

37.7

44.8

41.8

50.9

44.5

03

MONTHS

65.G

65.1

57.7

58.4

63.1

63.0

04 MONTHS

71.5

70.6

68.0

66.1

71.7

70.9

05 M O N T H S

80. 8

75.9

73.9

73.6

80.6

78.6

06 M O N T H S

87.9

85.3

77.8

78.8

86.7

86.3

07 MONTHS

89.8

88.7

83.0

81.0

89.0

88.3

18 M O N T H S

92.2

90.2

89.5

35.6

91.4

90.2

MONTHS

93.6

92.7

90.3

91.5

92.6

92.4

10 M O N T H S

95.6

94.3

93.8

92.2

94.5

93.4

11 M O N T H S

96.8

96.4

95.5

95.3

96.8

95. 1

12 M O N T H S

98.3

97.7

96.8

96 . 9

97.6

97.2

100.0

100.0

103.0

100.0

100.0

100.0

OF

OR M O R E

01

09

OVER

1/

DAYS

29 OCT

CHICAGO

MONTHS

3/

12 M O N T H S

INCLUDES ONLY CERTIFICATES
BANKS.

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

$100,000

I S S U E D BY W E E K L Y R E P O R T I N G

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 V A R I E S W I T H T H E
THE 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

Oc

FOLLOWING

THE

SURVEY MONTH.

N U M B E R OF

DAYS

TABLE

34

"-VT'JOITY 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
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 26 NOV 1969
(AMOUNTS IN M I L L I O N S OF D O L L A R S )

DEPOSIT

1/
>'

$1 B I L L I O N A N D OVER

CD'S

MATURING

1969 NOV

1970

IN

27-30

TOTAL

$2CO
MILLION
AND UNDER

$200 M I L L I O N
TO
$500 M I L L I O N

$500

MILLION
TO
$1 B I L L I O N

-

PRIME
TOTAL

3/
OUTSIDE
NEW Y O R K
CITY

NON-PRIME

NEW YORK
CITY
233.0

23.9

53.4

43.8

111.9

25.5

58.7

27.7

DECEMBER

2,942.4

250.9

511.2

579.9

1,600.4

543.5

570.6

486.3

JANUARY

2,597.1

213.9

358.4

435.6

1,589.2

733.9

458.1

397.2

FEBRUARY

1,394.3

112.8

267.0

228.7

785.8

320.1

290.0

175.7

MARCH

923.0

94.0

135.9

203.5

489.7

158.6

187.0

144.1

APRIL

997.7

78.8

159.6

194.7

564.6

235.8

185.1

143.7

MAY

707.8

63.5

141.3

136.8

366.2

160.9

100.4

104.9

JUNE

263.9

18.0

46.5

37.6

161.8

44.7

72.6

44.5

JULY

290.6

17.4

24.0

53.2

196.0

54.7

80.6

6C.5

AUGUST

137.5

8.4

20.9

14.6

93.6

34.4

40.3

18.9

SEPTEMBER

225.7

8.7

53.7

35.9

127.4

42.4

54.8

30.2

OCTOBER

225.2

4.2

23.1

26.7

171.2

32.2

112.7

26.3

NOVEMBER

112.3

5.6

14.4

13.9

78.9

41.1

21.6

16.2

DECEMBER
OR L A T E R

26R.1

9.4

31.1

50.1

177.5

42.8

86.6

48.1

11,319.1

909.5

1,84U.4

2,055.0

6,514.2

2,470.6

2,319.3

1,7?4.3

TOTAL

*

(MEMORANDUM:

TAX

AND DIVIDEND MATURITIES)

DECEMBER

10

119.2

20.1

27.0

21.4

50.7

9.6

25.8

15.3

DECEMBER

15

377.3

21.1

41.7

81.7

232.8

116.9

63.9

52.0

37

7

12

18

(MEMORANDUM:
260

90

NUMBER
64

OF

BANKS)
49

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 F 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 ON D E C E M B E R 31, 1 9 6 5 .
V
poI ME B A N K S ARF THOSE 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 Q U A L I T Y AND

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 EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
http://fraser.stlouisfed.org/
*
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 .

Federal Reserve Bank of St. Louis

WHICH

ARE

TABLE

38

SALFS

/If

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 MONTH 2/
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 3/
AS OF 26 NOV 1969
(AMOUNTS IN MILLIONS OF D O L L A R S )
$1 BILLION AND OVER

CD'S

MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
TO
$500 M I L L I O N

$500 MILLION
TO
$1 BILLION

-

PRIME 4/
TOTAL

-

1969 NOV

OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CITY

27-30

DECEMBER

671.9

59.7

86.7

137.1

388.4

179.0

108.6

100.8

258.6

21.7

41.3

25.4

170.2

104.6

25.6

40.0

FEBRUARY

546.7

45.3

91.3

63.7

346.4

200.7

87.6

58.1

MARCH

100. 6

1.8

4.7

12.4

81.7

46.1

23.9

11.7

APRIL

80.9

7.0

15.8

12.1

46.0

19.6

12.2

14.2

438.4

42.5

105.0

88.1

202.8

78.4

44.1

80.3

JUNE

35.2

2.1

2.5

2.6

28.0

12.4

8.2

7.4

JULY

8.2

1.0

2.3

0.0

4.9

1.8

0.4

2.7

AUGUST

7.0

0.6

2.2

2.1

2.1

0.5

0.7

0.9

SEPTEMBER

7.5

0.1

3.9

1.4

2.1

0.7

0.0

1.4

OCTOBER

8.6

0.5

1.4

3.3

3.4

0.6

1.8

1.0

85. 5

4.7

13.2

6.4

61.2

32.9

15.6

12.7

2,249.1

187.0

370.3

354.6

1,337.2

677.3

328.7

331.2

1970 J A N U A R Y

MAY

NOVEMBER
OR LATER
TOTAL

*

(MEMORANDUM:

TAX

AND D I V I D E N D M A T U R I T I E S )

DECEMBER

10

28.4

5.0

11.0

2.7

9.7

DECEMBER

15

102.5

2.3

4.9

28.4

66.Q

L

(MEMORANDUM:

260

90

2.6
55.1

1.6

5.5

3.8

8.0

12

18

NUMBER OF B A N K S )
84

49

37

1/ SEE T E C H N I C A L APPENDIX A.
2/ INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S .
3/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPORT OF C O N D I T I O N ON DECEMBER 31, 1965.
4/ P R I M E B A N K S ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS BEING OF THE HIGHEST Q U A L I T Y AND WHICH
D E P O R T E D BY DEALERS TO TRADE WITHIN 1 OP 2 BASIS POINTS OF EACH OTHER WITHIN 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 NOT ADD DUE TO ROUNDI NO.



ARE

TABLE

MATURITY

3C

D T S T R I B U T T Q N OP O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T
AT W E E K L Y R E P O R T I N G BANKS BY S I Z E OF B A N K S 2/
AS OF 26 NOV 1969
PERCENTAGE DISTRIBUTION

1/

SI B I L L I O N A N D O V E R

CD'S

1969

1970

MATURING

IN

TOTAL

$200
MILLION
AND U N D E R

$200 M I L L I O N
TO
$500 M I L L I O N

$500

MILLION
TO
$1 B I L L I O N

PRIME 3/

TOTAL

NEW Y O R K
CITY

OUTSIDE
NEW YORK
CITY

NON-PRIME

2.1

2.6

2.9

2.1

1.7

1.0

2.5

1.6

DECEMBER

26.0

27.6

27.8

28.2

24.6

22.0

24.6

28.2

JANUARY

22.9

23.5

19.5

21.2

24.4

29.7

19.8

23.0

FEBRUARY

12.3

12.4

14.5

11.1

12.1

13.0

12.5

10.2

MARCH

8.2

10.3

7.4

9.9

7.5

6.4

8.1

8.4

APRIL

9.8

9.7

8.7

9.5

8.7

9.5

8.0

8.3

MAY

6.3

7.0

7.7

6.7

5.6

6.5

4.3

6.1

JUNE

2.3

2.0

2.5

1.8

2.5

1.8

3.1

2.6

JULY

2.6

1.9

1.3

2.6

3.0

2.2

3.5

3.5

AUGUST

1.2

0.9

1.1

0.7

1.4

1.4

1.7

1.1

SEPTEMBER

2.0

1.0

2.9

1.7

2.0

1.7

2.4

1.8

OCTOBER

2.0

0.5

1.3

1.3

2.6

1.3

4.9

1.5

NOVEMBER

1.0

0.6

0.8

0.7

1.2

1.7

0.9

0.9

DECEMBER
OR LATER

2.4

1.0

1.7

2.4

2.7

1.7

3.7

2.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

NOV

27-30

TOTAL *

f M f* M O D A M 1 1M •

T AAND
V
DIVIDEND MATURITIES)

DECEMBER

10

1.1

2.2

1.5

1.0

0.8

0.4

1.1

0.9

DECEMBER

15

3.3

2.3

2.3

4.0

3.6

4.7

2.8

3.0

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 $100 $000 OR M O R E ISSUED 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 THE CALL 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 31» 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 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 ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y A N D
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 EACH 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 .
*
T O T A L S M A Y N O T A D D DUE TO R O U N D I N G .




WHICH

ARE

TABLE

30

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 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 BANKS BY SIZE OF B A N K S 2/
AS OF 26 NOV 1969
CUMULATIVE PERCENTAGE

1/

$1 B I L L I O N A N D OVER
CD'S

MATURING

IN

TOTAL

S2CC
MILLION
AND UNDER

$200

MILLION
TO
$500 M I L L I O N

$500 M I L L I O N
TN

$1 B I L L I O N

—

PRIME
TOTAL
NEW Y O R K
CITY

1 9 6 9 NOV

27-30

3/
OUTSIDE
NEW YORK
CITY

NON-PRIME

2.1

2.6

2.9

2.1

1.7

1.0

2.5

1.6

28.1

30.2

30.7

30.3

26.3

23.0

27.1

29.P

51.0

53.7

50.2

51.5

50.7

52.7

46.9

52.8

FEBRUARY

63.3

66. 1

64.7

62.6

62.8

65.7

59.4

63.0

MARCH

71.5

76.4

72.1

?2.5

70.3

72.1

67.5

71.4

APRIL

80.3

85.1

80.8

82.0

79.0

81.6

75.5

79.7

MAY

86.6

92.1

88.5

88.7

84.6

88.1

79.8

85.8

JUNE

88.9

94.1

91.0

90.5

87.1

89.9

82.9

88.4

JULY

91.5

96.0

92.3

93.1

90.1

92.1

86.4

91.9

AUGUST

92.7

96.9

93.4

93.8

91.5

93.5

88.1

93.0

SEPTEMBER

94.7

97.9

96.3

95.5

93.5

95.2

90.5

94.8

OCTOBER

96.7

98.4

97.6

96.8

96.1

96.5

95.4

96.3

NOVEMBER

97.7

99.0

98.4

97.5

97.3

98.2

96.3

97.2

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

OECFMBFR
1970 J A N U A R Y

DECEMBER
OR LATER

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 , O C C OR M O R E ISSUED BY W E E K L Y R E P O R T I N G R A N K S .
2/ T O T A L D E P O S I T S AS R E P O R T E D IN THE CALL 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 31, 1 9 6 5 .
3/ P R I M E B A N K S ARE T H O S E 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 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 H I C H
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 EACH 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 .




ARE

TABLE

SALES

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 D E P O S I T 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 BY S I Z E OF B A N K S 3/
AS OF 2 6 NOV 1969
PERCENTAGE DISTRIBUTION

MONTH

2/

SI B I L L I O N

$200
CD'S

MATURING

1969

1970

NOV

IN

TOTAL

MI LLION
A N D UNDER

$500

$200 M I L L I O N
TO
$500 M I L L I O N

$1

MILLION
TO
BILLION

AND OVFR

PRIME 4/

-

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

TOTAL

NON-PRIME

27-30

DECEMBER

29.9

31.9

23.4

38.7

29.0

26.4

33.0

30.4

JANUARY

11. 5

11.6

11.2

7.2

12.7

15.4

7.8

12.1

FEBRUARY

24.3

24.2

24.7

18.0

25.9

29.6

26.7

17.5

MARCH

4.5

1.0

1.3

3.5

6.1

6.8

7.3

3.5

APRIL

3.6

3.7

4.3

3.4

3.4

2.9

3.7

4.3

19.5

22.7

28.4

24.8

15.2

11.6

13.4

24.2

MAY

1.6

1.1

0.7

0.7

2. 1

1.8

2.5

2.2

JUNE

0.4

0.5

0.6

0.0

0.4

0.3

0.1

0.8

JULY

0.3

0.3

0.6

0.6

0.2

0.1

0,2

0.3

AUGUST
SEPTEMBER

0.3

0.1

1.1

0.4

0.2

0.1

0.0

0.4

0.4

0.3

0.4

0.9

0.3

0.1

0.5

0.3

OCTOBER
NOVEMBER
OR L A T E R

3.8

2.5

3.6

1.8

4.6

4.9

4.7

3.8

100.0

100.C

TOTAL

*

100.0

100. C

(MEMORANDUM:

TAX

100.0

100.0

100.0

100.0

AND DIVIDEND MATURITIES)

2.7

3.0

0.8

0.7

0.4

1.7

10

1.3

0.5

DECEMBER

15

4.6

1.2

U3

9.0

5.0

8.1

1.2

2.4

DECEMBER

z

(MEMORANDUM:
90

260

R E P O R T E D BY C E A L F P S TO TRADt W l i H i N

*
T O T A L S M A Y N O T A D D DUE TO R O U N D I N G .


' ""

' —

NUMBER
84

-

— —

OF

BANKS)
49

------

37

18

12

B E I N G OF THE H I G H E S T Q U A L I T Y AND W H I C H
SECONDARY MARKET.

ARE

TABLE 44
AVERAGE MATURITY
OF
OUTSTANDING

NEGOTIABLE
AT

WEEKLY

TIME CERTIFICATES
REPORTING

AT V A R I O U S

SURVEY

OF

DEPOSIT

1/

BANKS
DATES

(IN M O N T H S )

D A T E OF

BANK CLASSIFICATION
26 NOV

1969

2 9 - OCT

SURVEY
1969

2 4 SEP

1969

(BY L O C A T I O N )
ALL

REPORTING

BANKS

ISSUING C D ' S

3.2

3.3

3.4

CITY

3.2

3.4

3.7

CHICAGO

3.6

3.7

3.9

OTHER

3.2

3.3

3.3

NEW

YORK

$200 MILLION

r\>

UNDER

2/

2.9

2.9

3.1

3.0

3.0

$500-$!t 000

3.1

3.3

3.3

3.3

3.5

3.7

3.1

3.3

3.6

3.7

3.8

4.0

3.2

3.3

3.4

MILLION

$1 B I L L I O N

PRIME

IN N E W

PRIME

OUTSIDE

YORK

CITY

3/

NEW

YORK

CITY

3/

NON-PRIME

1/

INCLUDES CERTIFICATES

2/

TOTAL

DEPOSITS

3/

PRIME

BANKS

ARE

BANK)

$2C0-$500 MILLION

OVER

AS

S I Z E OF

00

(BY

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

REPORTED

THOSE

WHOSF

IN

THE

CALL

NEGOTIABLE

OF

$100,000

REPORT

OF

OR

"ORE

ISSUED

C O N D I T I O N ON

CERTIFICATES

OF

DEPOSIT

BY W E E K L Y

DECEMBER
ARE

31,

REPORTING

BANKS.

1965.

R E G A R D E D AS B E I N G OF

THE

HIGHEST QUALITY AND

W H I C H A R E 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 OF 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 .


TABLE
AVERAGE

4B

MATURITY
OF

NEGOTIABLE
SOLO

TIME
BY

DURING

CERTIFICATES

WEEKLY

THE

MONTH
(IN

OF

REPORTING
OF

DEPOSIT

BANKS

VARIOUS

SURVEYS

MONTHS)

DATE OF
BANK

NOV

29-OCT

1969

(BY
REPORTING

LOCATION)

3.9

3.0

3.1

4. 6

CHICAGO

3.3

2.8

5.3

OTHER

3.2

3.5

3.6

YORK

CITY

S I Z E OF

3.4

$2no-$500 MILLION

3.5

4.0

3.4

$500~$1,000 MILLION

3.0

3.4

3.6

OVER

3.1

3.1

4.2

3.0

3.1

4.5

3.0

2.9

4.3

BILLION
IN

NEW

PRIME

OUTSIDE

YORK

CITY

3/

NEW

YORK

CITY

3/

3.8

PRIME

BANKS

ARE

DENOMINATIONS

REPORTED

THOSE

WHOSE

IN

THE

CALL

NEGOTIABLE
TO T R A D E

 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
http://fraser.stlouisfed.org/
NO
T E —ofS St.
E E Louis
T E C H N I C A L A P P E N D I X 9.
Federal Reserve
Bank

OF

$100,000

REPORT

OF

OR

MORE

CONDITION

ISSUED
ON

BY W E E K L Y

DECEMBER

31,

I
1
1
I

1
I
I
1

!1

1
L
I
?/

IN

I UI
I
1
I
1
1

3.3
I W

SI

MILLION

PRIME

CERTIFICATES
AS

2/

3.3

$2CO

NON-PRIME

DEPOSITS

BANK)

3.0

UNDER

THTAL

I960

3.3

CD S

(BY

2/

SEP

3.1

NEW

INCLUDES

24

1969

BANKS
1

ISSUING

1/

SURVEY

CLASSIFICATION
26

ALL

1/

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 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 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 A B L E 5A
XATI3

1C O U T S T A N D I N G NEGOTIABLE
TO TOTAL

Tl^f C E R T I F I C A T E S OF D E P O S I T

1/

DEPOSITS

AT V A R I O U S SURVEY DATES
(PER C E N T )

DATE OF SURVEY
TOTAL D E P O S I T S 2/
(IN MILLIONS OF D O L L A R S )

24 SEP

1969

ISSUING
5.4

5.6

2CO

5.9

6.1

6.5

200 - 500

5.9

6.2

6.7

500 - 1000

5.5

5.7

6.3

OVER

5.0

5.1

5.0

4.5

3.8

CO

5.2

6.8

7.1

1000

PRIME

IN NEW YORK

3/

PRIME O U T S I D E NEW YORK 3/

4.4

NONPRIME

6.6

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

2/ TOTAL

1969

5.3

UNDER

1/

29 OCT

*4-

BANKS
CD'S

1969

00

ALL

26 NOV

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

$lf0,000

REPORT OF

OR MORE

ISSUED BY WEEKLY R E P O R T I N G B A N K S .

CONDITION ON DECEMBER

31,

1965.

3/ PRIME BANKS ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y AND
WHICH ARE R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE-




D E P O S I T S . I* THE D E N O M I N A T O R OF THE RATIO
INTERBANK AND U.S. GOVERNMENT DEPOSITS.

IN THIS TABLE ARE TOTAL D E M A N D AND TIME D E P O S I T S , I N C L U D I N G

T4BIF
R A T I O OF

O U T ST A N D I N G

NEGOTIABLE

5B
TIMF C F R T I F I C A T E S

TO T O T A L
AS OF

TOTAL
(IN

ALL

DEPOSITS

MILLIONS

BANKS
CD' S

OF

5%
OR
LESS

2/

DOLLARS)

5
TO
10*

DEPOSIT

1/

DEPOSITS

26 NOV

(NUMBER

OF

OF

1969

BANKS)

15
TO
20%

10
TO
15%

AVERAGE CD
TO DEPOSIT
R A T I O (PER C E N T )

25%
OR
MORE

2C
TO
2 5%

ISSUING
137

77

29

15

1

1

5.3

UNDER

200

50

20

14

4

1

1

5.9

200 -

50C

40

28

9

7

0

0

5.0

500 -

1000

29

15

2

3

0

0

5.5

18

14

4

1

0

0

5.0

4

3

G

0

0

0

4.8

7

4

1

0

0

0

4.4

7

7

3

1

0

0

6.6

OVER

1000

PRIME

IN N E W

PRIME

OUTSIDE

YORK
NEW

3/
YORK

3/

NONPRIMF

1/

INCLUDES CERTIFICATES

2/

TOTAL

3/ P R I M E
WHICH
NOTE-

Z




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 C A L L

OF

$100,000

REPORT

OF

OR M O R E

CONDITION

I S S U E D BY W E E K L Y
ON

DECEMBER

31,

REPORTING

BANKS.

1965.

B A N K S ARE T H O S E 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 A R E R E G A R D E D AS B E I N G O F THE H I G H E S T Q U A L I T Y A N D
ARE 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 O R 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 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

TABLE

ARE TOTAL

DEMAND AND TIME DEPOSITS,

INCLUDING

T A B L E 5C
D

ER

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 TI MP C E R T I F I C A T E OF DEPOSIT /I
29 OCT

1969 TO 26 NOV

1969

(NUMBER OF B A N K S )

D E C L I N E S OF
TOTAL

D E P O S I T S 2/

REDUCED
CD'S TO
ZERO

(IN M I L L I O N S OF D O L L A R S )
ALL

BANKS
CD'S

10% OR
MORE

5 TO
10%

INCREASES OF
5% OR
LESS

NO
CHANGE

5% OR
LESS

5 TO
10%

10% OR
MORE

ISSUED C D ' S BUT
HAD NONE O U T S T A N D ING ON BASE DATE

ISSUING
2

71

44

54

22

32

19

18

0

200

1

27

14

14

11

12

5

7

0

200 - 500

1

21

12

18

9

13

6

5

0

500 -

0

15

11

11

2

3

5

2

0

0

8

7

11

0

4

3

4

0

0

0

0

2

0

2

1

2

0

0

4

5

2

0

0

0

1

0

0

4

2

7

0

2

2

1

0

UNDER

OVER

1000
1000

PRIME

IN NEW YORK

3/

PRIME O U T S I D E NEW YORK

3/

NONPRIMF
1/ INCLUDES C E R T I F I C A T E S
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 C A L L

OF $ 1 0 0 , 0 0 0 OP MORE
REPORT OF

ISSUED BY WEEKLY REPORTING B A N K S .

CONDITION ON DECEMBER 31, 1965.

3/ P R I M E B A N K S ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y AND
W H I C H APE "EPOP TED BY DEALERS T O T R A D E W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .
NOTE-

/




THE NUMBER OF BANKS IN THIS TABLE D I F F E R S FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT B A N K S THAT
HAD O U T S T A N D I N G 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 50
PER CENT C H A N G E

IN O U T S T A N D I N G N E G O T I A B L E
27 AUG 1969

TIME C E R T I F I C A T E OF D E P O S I T

TO 26 NOV

Zl

1969

(NUMBER OF B A N K S )

TOTAL

REDUCED
C D ' S 25%
TO
OR
ZERO
MORE

D E P O S I T S /2

(IN M I L L I O N S

ALL B A N K S
CD'S

OF D O L L A R S )

20

15
TO

TO
25%

10%

5%
OR
LESS

5
TO

10
TO
15%

20%

ISSUING
67

INCREASE OF

D E C L I N E S OF

25

32

31

23

23

NO
CHANGE

5%
OR
LESS

5
TO

10%

11

10

20

15
TO

10
TO

15%

25%
OR
MORE

TO
25%

20%

ISSUED
C D • S BUT H A D
NONE
OUTSTANDING
ON BASE DATE

13

200

4

18 *

7

6

11

4

13

4

6

6

4

3

f>

6

2

200 - 500

2

23

6

13

9

11

7

3

4

2

0

0

1

3

2

500 -

1

20

8

6

4

6

2

1

0

0

0

0

1

1

0

0

6

4

7

7

2

1

0

1

2

1

1

2

3

0

0

0

0

0

0

0

0

0

0

2

1

1

1

2

0

0

3

2

3

4

0

0

0

0

0

0

0

0

0

0

0

3

2

4

3

2

1

0

1

G

0

0

I

1

0

UNDER

OVER

1000
10CC

PRIME

IN NEW

YORK

3/

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

3/

NONPRIME
1/

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

2/ T O T A L 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

IN THE CALL

$100,000 OR MORE

REPORT OF

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

C O N D I T I O N ON DECEMBER

31,

BANKS.

1965.

3/ PRIME R A N K S ARE THOSE WHOSE N E G O T I A B L E CERTIFICATES OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T QUALITY A N D
W H I C H ARE R E P O R T E D BY DEALERS 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 BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER T A B L E S TO THE E X T E N T THAT BANKS THAT
H A D O U T S T A N D I N G C D ' S O N THE SURVEY THREE MONTHS PRIOR TO THE C U R R E N T 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 Z E R O .

T A B L E 5F
CHANGE

IN O U T S T A N D I N G N E G O T I A B L E TIME CERTIFICATES OF D E P O S I T
OVER

THF

1/

MONTH AS A PER CENT OF TOTAL DEPOSITS
AT THE B E G I N N I N G OF T H E
2° OCT 1969 TO 26 NOV

PERIOD
1969

(NUMBER OF B A N K S )
TOTAL D E P O S I T S 2/

DECLINES OF

(IN MILL IONS OF D O L L A R S !

ALL

BANKS
CD'S

3X
AND
OVER

2
TO
356

I N C R E A S E S OF

1
TO
2%

1%
ANO
LESS

NO
CHANGE

1%
AND
LESS

1
TO
2%

2

3*
AND
OVER

TO
3%

ISSUING
I

4

21

146

22

58

5

2

1

200

0

0

11

46

11

19

1

1

1

200 - 500

1

3

6

42

9

20

3

500 -

0

0

3

34

2

9

0

10

UNDER

OVER

1000
10C0

PRIME

0
IN NEW YORK

3/

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

0
3/

NONPRIME
1/ INCLUDES C E R T I F I C A T E S
2/ TOTAL

1

1

0

0

2

4

2

0

1
1

0
0

0

0

4

1

0

0

0

0

0

11

0

1

0

0

0

O

i

l

11

0

5

0

0

0

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

D E P O S I T S AS R E P O R T E D

0

0

IN THE C A L L

REPORT OF

ISSUED BY WEEKLY R E P O R T I N G B A N K S .

CONDITION ON DECEMBER

31, 1965.

3/ PRIME BANKS ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T QUALITY A N D
W H I C H ARE R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE 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 ANO 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 D E M A N D ANO T I M E D E P O S I T S ,

INCLUDING

TABLE
CHANGE
n

VFR

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

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

LAST T H R E E M O N T H S
AT THE

AS A PER C E N T

B E G I N N I N G OF

27 AUG

1069

(IN

ALL

DEPOSITS

MILLIONS

BANKS
CD'S

OF

OF

OF T O T A L

DEPOSIT

1/

DEPOSITS

PERIOD
1969

BANKS)
I N C R E A S E S OF

D E C L I N E S OF

2/

DOLLARS)

THE

TO 26 NOV

(NUMBER

TOTAL

5F

5%
AND
OVER

4
TO
5%

ISSUING

3
TO
4%

1
TO
2%

2
TO
3%

1%
AND
LESS

NO
CHANGE

1%
AND
UNDER

5%
AND
OVER

4
TO
5%

3
TO
4%

2
TO
3%

1
TO
2%

5

9

11

32

44

102

8

35

5

2

1

2

0

UNDER

200

2

0

2

11

7

38

4

20

1

2

0

1

0

200 -

500

2

5

6

10

14

33

3

8

0

0

0

1

0

500 -

1000

0

4

3

7

13

19

1

0

2

0

0

0

0

1

0

0

4

10

12

0

7

2

0

1

0

0

3/

0

0

0

0

0

0

0

5

1

0

1

0

0

YORK 3/

0

0

0

3

5

4

n

0

0

0

0

0

0

1

0

0

1

5

9

0

2

1

0

0

0

0

OVER

1000

PRIME

IN NEW

YORK

t>R T ME O U T S I D E NEW
N O N P R I ME
1/

INCLUDES CERTIFICATES

2/ T O T A L

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 CALL

$100,000

REPORT

OF

OR M O R E

CONDITION

ISSUED BY W E E K L Y R E P O R T I N G
ON D E C E M B E R

31.

BANKS.

1965.

3/ P R I M E B A N K S ARE T H O S E 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 THE H I G H E S T Q U A L I T Y A N D
W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 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 TN THE D E N O M I N A T O R OF THE R A T I O
INTERBANK A N D U.S. GOVERNMENT DEPOSITS.

IN T H I S

T A B L E ARE TOTAL

D E M A N D AND TIME DEPOSITS,

INCLUDING

TABLE 66
MATURITY

DISTRIBUTION

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
AT W E E K L Y 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

(AMOUNTS

26 NOV

IN M I L L I O N S

1/

1969
OF

DOLLARS)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

32.2

6.5

0.9

10.4

29.9

54.8

115.5

307.7

80.9

30.9

91.4

248.0

647.6

62.9

106. 1

245.9

48.4

30.2

51.0

288.0

521.6

104.3

37.6

74.6

150.2

31.2

8.5

67.6

114.1

285.4

22.1

50.7

39.8

34.7

114. 1

31.8

4.7

17.9

112.5

204.4

311.8

24.4

72.6

39.2

41.9

91.4

40.3

5.0

26.6

110.1

213.9

13.0

235.0

19.0

28.2

15.5

35.0

70.5

27.0

3.2

38.3

80.6

142.7

264. 1

16.2

63.4

8.1

23.4

10.5

9.3

53.5

4.5

1.5

5.9

12.6

55.2

JUL

290.5

8.5

80.6

14.8

29.6

5.2

6.8

43. 8

3.1

0.7

5.3

33.4

58.7

AUG

137.6

5.7

45.6

4.5

17.2

3.2

3.3

16.6

2.3

0.0

2.0

6.5

30.7

SEP

226.0

7. 1

60.0

5.9

33.4

38.8

4.7

25.2

4.1

1.0

4.0

8.3

33.5

OCT

225.3

9. 2

38. 9

13.5

74.8

12.4

2.1

15.8

3.3

0.8

1.2

11.7

41.6

NOV

112.9

0. 5

48.2

9.5

4. 1

6.1

1.4

12.3

1.9

2.2

1.3

7.2

18.2

268. 0

8.0

66.1

5.1

86.2

7.6

9.2

35.6

1.1

5.0

1.1

10.4

32.6

11320.1

483.2

3542.3

285.3

829.0

458.2

1223.8

286.4

94.6

324.0

1073.3

2340.9

AVERAGE MATURITY
IN M O N T H S 2/

3.1

2.5

3.0

3.8

4.8

3.9

2.8

3.3

2.9

2.8

2.7

2.9

2.9

DUMBER
BANKS

260

17

45

10

19

15

23

37

11

5

21

24

33

CD'S

MATURING

IN

ALL
DISTRICTS

BOSTON

233.0

7.2

DEC

2942.4

1 9 7 0 J AN

1969

PHILADELPHIA

CLEVELAND

45.9

2.4

20. 3

8.9

13.6

190.8

921.7

61.2

155. 3

91.4

2597. 1

100.1

(=51.5

62.5

128.9

FEB

1394.4

55. 9

423. 8

32.3

MAR

923.C

40.5

249.8

APR

997.8

20.6

MAY

708.0

JUN

NOV

27 -NOV

D E C OR
TOTAL

30

LATER

*

OF

REPORTING

1/

INCLUDES ONLY CERTIFICATES

2/

SEE T E C H N I C A L

*

OF

DEPOSIT

DETAILS

MAY NOT




APPENDIX
ADD

TO

ISSUED

NEW
YORK

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

9.
T O T A L S OUF

TO P O U N D I N G .

OF

RICHATLANTA
MOND

379 . 1

$ 1 0 0 , 0 0 0 OR M O R E

CHICAGO

BY W E E K L Y

REPORTING

BANKS.

.

T A B L E 68
1/
SALES 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 MONTH
WEEKLY REPORTING BANKS
BY FEDERAL R E S E R V E D I S T R I C T
AS OF 26 NOV

1969

(AMOUNTS IN MILLIONS OF

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

45.5

9.5

4.6

11.5

39.6

170.7

5.2

17.1

1.4

0.6

3.2

7.2

70.7

11.6

28.2

41.8

11.8

3.3

33.6

31.8

83.6

l.C

1.3

5.3

14.5

0.7

0. 1

0.0

1.7

20.2

4.9

2.5

4.3

5.0

1.0

0.2

1.7

6.0

23.2

138.7

8.0

15. 1

11.6

26.7

42.5

18.8

2.5

32.7

47.3

88.4

0.3

13.0

0.0

5.0

2.3

0.0

1.1

2.5

0.0

0.9

0.2

9.9

8. 1

0.0

1.8

0.0

0.0

1.2

0.4

1.1

0.0

0.0

0.0

0.8

2.8

AUG

6.9

1.5

1.3

0.0

0. 1

0.1

1.0

1.4

0.0

0.0

0.1

0.0

1.4

SEP

7.7

0.6

0.9

0.0

0.0

1.0

2.8

0. 1

0.0

0.0

0.6

1.0

0.7

OCT

8.6

0.6

1.1

0. 1

0.6

1.0

0.1

0.2

0.0

0.2

0.2

2.2

2.3

85.7

0.6

40.8

2.9

1.3

5.5

1.5

9.8

1.1

0.1

1.3

4.3

16.5

2249.6

73.3

919.4

57.0

74.0

68.8

99.5

180.9

46.8

11.6

85.8

142. 1

490.4

3. 1

2.4

2.9

3.1

3.2

3.7

3.4

3.4

3.8

2.6

3.7

3.5

2.9

CD'S MATURING

IN

ALL
DISTRICTS

BOSTON

1969 DEC

671.9

27.5

1970 JAN

258.7

FFB

PHI LADELPHI A

CLEVELAND

284.6

14.4

18.9

21.8

23.3

4.7

128.9

8.5

4. 1

7.1

546. 8

27.2

235.7

12.8

25.4

MAR

100.6

2.3

48.1

5.4

APR

81.1

2.0

24,5

MAY

438.3

6.0

J UN

35.2

JUL

NOV OR LATER
TOTAL

*

AVERAGE MATURITY
IN M O N T H S 3/
1/ SEE T E C H N I C A L
2f

APPENDIX

D E T A I L S MAY NOT




APPENDIX

NEW
YORK

RICHATLANTA
MOND

CHICAGO

5. 8

A.

INCLUDES O N L Y C E R T I F I C A T E S

3/ SEE T E C H N I C A L
*

COLLARS)

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

B.

ADD TO T O T A L S DUE,TO R O U N D I N G .

$100,000 OR

M O R E BY W E E K L Y R E P O R T I N G B A N K S .

TABLE 6C
"ATURITY

HISTOI9UTI0N

QF O U T S T A N D I N G NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 26 NOV

1/

1969

(PERCENTAGE D I S T R I B U T I O N )
CD1S

MATURING

IN

ALL
DISTRICTS

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

BOSTON

2.1

1.5

2.6

2.3

1.0

3.2

2.8

2.3

DEC

26.C

25.2

25.1

28.2

32.7

28.2

23.1

27.7

1970 JAN

16.6

23.2

20.1

16.9

31.9

15.7

26.8

22.3

12.6

9.9

16.3

13.0

10.9

9.0

20.9

10.6

12.2

7.7

6. 1

10.5

7.6

9.3

11.1

5.0

5.5

10.5

8.7

8.8

8.6

8.8

10.3

9.1

7.5

14.1

5.3

8.2

10.3

9. 1

2.7

6.6

6.7

3.4

4.1

7.6

5.8

9.4

3.4

11.8

7.5

6.1

2.3

3.4

1.8

2.8

2.8

2.8

2.0

4.4

1.6

1.6

1.8

1.2

2.4

JUL

2.6

1.8

2.3

5.2

3.6

1.4

1.5

3.6

1.1

0.7

1.6

3.1

2.5

AUG

1.2

1.2

1.3

1.6

2. 1

0.8

0.7

1.4

0.8

0.0

0.6

0.6

1.3

SEP

2.C

1.5

1.7

2.1

4.0

10.2

1.0

2. 1

1.4

1.1

1.2

0.8

1.4

OCT

2.0

1.9

1.1

4.7

9.0

3.3

0.5

1.3

1.2

0.8

0.4

1.1

1.8

NOV

1.0

0.1

1.4

3.3

0.5

1.6

0.3

1.0

0.7

2.3

0.4

0.7

0.8

DEC OR LATER

2.4

1.7

1.9

1.8

10.4

2.0

2.0.

2.9

0.4

5.3

0.3

1.0

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

PHILADELPHIA

CLEVELAND

1.3

0.8

2.4

2.3

3.0

3?9.5

26.0

21.5

18.7

24.1

22.9

20.7

26.9

21.9

15.5

FEB

12.3

111.5

12.0

11.3

MAR

8.2

8.4

7. 1

APR

8. 8

4.3

MAY

6.3

JUN

1969 NOV

TOTAL
1/

27'-NOV

*

30

INCLUDES O N L Y C E R T I F I C A T E S




NEW
YORK

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

RICHMOND
ATLANTA

100.0

CHICAGO

$100,000 OR M O R E BY WEEKLY REPORTING B A N K S .

T A B L E 6D
MATURITY

DISTRIBUTION

OF

OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
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

2 6 NOV

(CUMULATIVE

PERCENTAGE)

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

2.6

2.3

1.0

3.2

2.8

2.3

28.2

27.7

30.5

33.7

31.4

25.9

30.0

43.0

51.4

47.8

47.4

65.6

47.1

52.7

52.3

49.2

52.9

67.7

60.9

58.3

74.6

68.0

63.3

64.5

63.2

55.3

63.4

75.3

70. 1

69.4

79.6

73.5

73.8

73.2

82.1

71.8

64. 1

73.7

84.4

77.6

83.5

84.9

81.7

84.1

82.3

88.6

88.7

78.5

67.5

77.8

92.0

83.4

92.9

88.3

93.5

91.6

88.4

98.9

92.0

90.5

81.3

70.3

80.6

94.0

87.8

94.5

89.9

95.3

92.8

90.8

JUL

91.5

93.8

92.8

86.5

73.9

82.0

95.5

91.4

95.6

90.6

96.9 .

95.9

93.3

AUG

92. 7

95.0

94.1

88.1

76.0

82.8

96.2

92.8

96.4

90.6

97.5

96.5

94.6

SEP

94.7

96.5

95.8

90.2

81.0

93.0

97.2

94.9

97.8

91.7

98.7

97.3

96.0

OCT

96.7

98.4

96.9

94.9

89.0

96.3

97.7

96.2

99.0

92.5

99.1

98.4

97.8

NOV

97.7

98.5

98.3

98.2

89.5

97.9

98.C

97.2

99.7

94.8

99.5

99.1

98.6

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

2.1

1.5

DEC

28.1

JAN

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA

1.3

0.8

2.4

2.3

3.0

41.0

27.3

22.3

21. 1

26.4

51.0

61.7

54.2

44.2

36.6

FEB

63. 3

73.2

66.2

55.5

MAR

71.5

81.6

73.3

APR

80.3

85.9

MAY

86. 6

JUN

1969 NOV

DEC
1/

1969

ST.
LOUIS

CO* s M A T U R I N G

1970

1/

27--NOV

OR

30

LATER

INCLUDES ONLY CERTIFICATES




ISSUED

NEW
YORK

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

OF

$ 1 0 0 , 0 0 0 OR

MORE

CHICAGO

BY W E E K L Y

REPORTING BANKS.

T A B L E 6E

1/
SALFS

NEGOTIABLE

2/
C E R T I F I C A T E S OF D E P O S I T SINCE P R E V I O U S MONTH
WEEKLY 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

TIME

AS OF 2 6 NOV
(PERCENTAGE
CO1S

M A T U R ING

IN

ALL
DISTRICTS

BOSTON

1<>69 OFC

29.9

37.5

JAN1

11.5

FEB

1970

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

25.2

20.3

39.7

13.4

27.9

34.8

5.2

9.5

3.0

5.2

3.7

5.1

14.4

16.9

28.3

23.1

25.2

28.4

39.2

22.4

17.0

1.4

1.9

5.3

8.0

1.5

0.9

0.0

1.2

4.1

8.6

3.4

6.3

5.0

3.2

2.1

1.7

2.0

4.2

4.7

15.1

14.0

20.4

16.9

26.8

23.5

40.2

21.6

38.1

33.3

18.0

0,4

1.4

0.0

6.8

3.3

0.0

0.6

5.3

0.0

1.0

0. 1

2.0

0.4

0.0

0.2

0.0

0.0

1.7

0.4

0.6

0.0

0.0

0.0

0.6

0.6

AUG

0.3

2.0

0. 1

0.0

0.1

0.1

1.0

0.8

0.0

0.0

0.1

0.0

0.3

SEP

0.3

0.8

0.1

0.0

0.0

1.5

2.8

0. 1

0.0

0.0

0.7

0.7

0.1

OCT

0.4

0.8

0.1

0.2

0.8

1.5

0.1

0.1

n

.n

1.7

0.2

1.5

0.5

3.8

0.8

4.4

5.1

1.8

8.0

1.5

5.4

2.4

0.9

1.5

3.0

3.4

100.0

100.0

100.0

100.0

100.0

100.C

100.0

100.0

100.0

100.0

100.0

100.0

100.0

OR M O R E

BY W E E K L Y

CLEVELAND

31.0

25.3

25.5

31.7

23.4

6.4

14.0

14.9

5.5

10.3

24. 3

37.1

25.6

22.5

34.3

MAR

4.5

3.1

5.2

9.5

APR

3.6

2.7

2.7

MAY

19.5

8.2

J UN

1.6

JUL

OR LATER

*

1/

SEE T E C H N I C A L

2/

INCLUDES ONLY CERTIFICATES

NpTE
*

DISTRIBUTION)

PHILADELPHIA

NOV
TOTAL

1969

- SALES

DETAILS

APPENDIX

TN THIS T A B L E

MAY NOT




ADO

NEW
YORK

RICHMOND
ATLANTA

CH I —
CAGO

A.
ISSUED

ARE N O T

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

$100,000

A D J U S T E D FOR C D ' S T H A T H A V E

TO T O T A L S DUE TO R O U N D I N G .

MATURED.

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.