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July 21, 1972 CONFIDENTIAL (FR) RESERVE BANKf KANSAS O l Y s i th, w ? l i b r a r y SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF June 28, 1972 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 1/ M A T U R I T Y n i S T P I R U T I O N OF OUTSTANDT C.|G M F ^ Q T I A R L E T I M E C E R T I F I C A T E S OF D F P O S I T WEEKLY REPORTING AS OF RANKS 197? S A L E S 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 ) AMOUNT ( M I L L I O N S 0*= DOLLARS) PERCENTAGE DISTRTBUTION 1,599.6 4.5 4.5 .0 10,205.5 28.4 32.9 3,4*6.6 AUGUST 5,828. 1 16.2 49.1 1,175.4 SEPTEMBER 4,652.2 13.0 62.1 2,098.4 OCTOBER 3,342.9 9.3 71.4 579.2 NOVEMBER 2,323.2 6.5 77.9 347.2 DECEMBER 2,294.0 6.4 84.3 °41 • 7 1,551.2 4.3 88.6 148.2 FEBRUARY 714.8 2 .0 90.6 48. A MARCH 743.8 2.1 92.7 121.0 APRIL 667.4 1 .9 94.6 31.? MAY 476.3 1 .3 95.9 *6.7 JUNE 395.8 1 .1 97.0 1,106.0 3.1 100.0 XXX 35,900.8 100.0 XXX 9,394.O MATURING IN 1 9 7 2 JUNE 29 - 30 JULY 1973 J A N U A R Y OVER 12 M O N T H S TOTAL TAX (MEMORANDUM: 355.4 968.4 11 1% INCLUDES ONLY CERTIFICATES ?/ SFF T E C H N I C A L APPENDIX A. •>/ SALES OF C D ' S MATURING IN D E N O M I N A T I O N S OF AFTER 11 M O N T H S . I I I 1 1 I | 1 1 1 1 I 1 1 1 1 1/ DIVIDEND O M SEPTEMBER SEPTEMBER AND $ 1 0 0 , 0 0 0 OR MORE CUMULATIVE PERCENTAGE 4 3 0 . 7 3/ MATURITIES) 1 I 1 1 I » 1 I I 1 X X 1 X X 1 X X 1 1 1 1 1 1 1 1 CD'S ?P JUN AT ISSUED RY W E E K L Y REPORTING RANKS. TABLE ?A 1/ 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 N E W Y O R K C I T Y , C H I C A G O , AND ALL OTHFR W E E K L Y R E P O R T I N G B A N K S AS O F AT 2 8 JUN 1 9 7 2 (IN M I L L I O N S O P D O L L A R S ) NEW Y O R K CD'S MATURING 197? AMOUNT If SALES PREVIOUS WEEKLY REPORTING AMOUNT SINCE M O N T H 2/ SALES PREVIOUS .0 37.2 .0 1,153.6 .0 JULY 3,540.7 1,100.4 829.3 251.8 5,835.5 2,084.4 AUGUST 2,163.1 301.0 520.0 120.4 3,145.0 753 .9 SEPTEMBER 1,761.3 881.8 507.8 279.2 2,383.0 937.3 OCTOBER 1,230.2 274.8 369.4 96.9 1,743.3 207.5 NOVEMBER 899.8 115.7 68 .4 17.0 1,355.0 214.4 DECEMBER 839.1 226.2 108 .0 87.1 1,346.9 628.4 JANUARY 604.6 20.6 46.0 8.0 900.6 119.6 FEBRUARY 199.9 18.8 32.8 .5 482.1 29.3 MARCH 126.0 36.6 27.3 1.2 590.5 83.2 APRIL 116.0 4.8 13.6 .2 537.8 26.2 MAY 77.1 3.5 12.0 .8 387.2 32.4 JUNE 19.1 21.2 29.5 26.3 347.2 383.3 269.8 XXX 37.3 XXX 799.0 XXX 12,255.4 3,005.4 2,638.6 889.4 21,006.7 5,499.9 OVER 12 M O N T H S TOTAL NUMBER OF * REPORTING BANKS t3 (MEMORANDUM: 11 ° . 0 INCLUDES ONLY CERTIFICATES 2/ SEE 3/ S A L E S O F AND APPENDIX CD'S MATURING IN D E N O M I N A T I O N OF DIVIDEND MATURITIES) 199.9 384.9 36.5 100.4 483.1 1/ TECHNICAL TAX $ 1 0 0 , 0 0 0 OR M O R F I S S U E D BY W E E K L Y R E P O R T I N G i BANKS. A. AFTER Z3 230 12 12 S E P T E M B E R 11 S E P T E M B E R 15 /3 BANKS SINCE MONTH 2/ 408.7 JUN 2 9 - JUN 30 1973 SALES SINCE PREVIOUS MONTH AMOUNT IN ALL O T H E R CHICAGO CITY * 11 M O N T H S . * T O T A L S M A Y N O T ADD D U E TO R O U N D I N G . http://fraser.stlouisfed.org/ e i Federal*Reserve Bank of St.*Louis # # * # # # # # t I e f TABLE i t 2B 1/ 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 NEW Y O R K C I T Y , C H I C A G O , AND AS OF 2S JUN ALL 1°72 OTHER A N D 31 WEEKLY MAY REPORTING OF D E P O S I T AT BANKS 1972 (PERCENTAGE DISTRIBUTION) NEW YORK CD ' b MA i UK 1 M b 31 MAY 28 JUN ALL CHICAGO CITY I IN 2 8 JUN OTHFR 31 M A Y 2 8 JUN 31 M A Y 5.5 .0 27.7 . 27.8 31. 7 1Q.7 24.4 15.0 17.9 15.3 19.2 16.9 11.3 11.4 10.0 7.2 14.0 9.7 8.3 6.9 05 M O N T H S 7.3 7.8 2.6 11.5 6.5 7.3 06 M O N T H S 6.A 6.4 4.1 2.2 6.4 5.4 07 MONTHS 4.9 5.0 1.7 .9 4.3 3.4 MONTHS 1.6 4.8 1.2 1.6 2.3 3.7 00 M O N T H S 1.0 1.5 1.0 1.4 2.8 2.2 10 M O N T H S .9 .7 .5 1.1 2.6 2.4 11 M O N T H S .6 .9 .5 .6 1.8 2.4 12 M O N T H S .2 .6 1.1 .5 1.7 1.7 2.2 2.2 1.4 1.7 3.8 3.6 100.0 100.0 100.0 100.0 100.0 100.0 3.3 .0 1.4 01 M O N T H S 3/ 28.O 27.5 31.4 02 M O N T H S 17.7 20.0 03 M O N T H S 14.4 04 MONTHS 0-6 DAYS 08 OVER ?/ 12 M O N T H S TOTAL * 1/ INCLUDES ONLY BANKS. ?/ 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 THE L A S T WEDNESDAY OF THE M O N T H . 3/ NUMBER MONTHS * TOTALS OF MAY NOT CERTIFICATES IN D E N O M I N A T I O N S O F FOLLOWING THE SURVEY M O N T H . ADD DUE TO R O U N D I N G . .0 $ 1 0 0 , 0 0 0 OR MORE ISSUED V A R I E S WITH THE BY W E E K L Y R E P O R T I N G NUMBER OF DAYS TARLF ?C M A T U R I T Y DISTRIRUTION OF OUTSTANDING NEGOTIARLF NFW Y O R K CITY, CHICAGO, AS O F AND 28 JUN M ATI ID T KIR TM NEW YORK 28 J U N D 1AYS 2/ AT RANKS 1972 DISTRIBUTION) CITY 31 31 M A Y REPORTING DEPOSIT CHICAGO MAY 28 J U N ALL 31 MAY 28 JUN OTHFR 31 MAY 3.3 .0 1.4 .0 5.5 .0 32.2 27.5 32. 8 27.7 33.3 31.7 02 MONTHS 49.9 47.5 52.5 52.1 48.3 49.6 03 MONTHS 64.3 62.8 71.7 69.0 59.6 61.0 04 MONTHS 74.3 70.0 85.7 78.7 67.9 67.9 05 M O N T H S 81.6 77.8 *8.3 90.2 74.4 75.2 MONTHS 88.4 84.2 92.4 92.4 80.8 80.6 07 MONTHS 93.3 89.? 94.1 93.3 85.1 84.0 08 M O N T H S 94.9 94.0 95.3 94.9 00 0-6 OTHER W E E K L Y 197 2 AND (CUMULATIVE rnic ALL 1/ T I M F C E R T I F I C A T E S OF 87.7 09 MONTHS 95.9 95.5 96.3 96.3 Q0.2 89.9 10 M O N T H S 96.8 96.2 96.8 97.4 92.R 92.3 11 M O N T H S 97.4 97.1 97.3 98.0 94.6 94.7 12 M O N T H S 97.6 Q 98.4 98.5 96.3 96.4 100.0 100.0 100.0 100.0 01 06 OVFR MONTHS 3/ 12 M O N T H S 100.0 7 .7 100.0 1/ INCLUDES ONLY CERTIFICATES BANKS. 2T 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 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 OF IN D E N O M I N A T I O N S OF FOLLOWING THE SURVEY MONTH. $ 1 0 0 , 0 0 0 OR MORE PERIOD VARIES ISSUED WITH THE RY W E E K L Y R E P O R T I N G NUMBER OF D A Y S TABLF 36 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIMF CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE OF RANKS 2/ AS OF 29 JUN 1972 (AMOUNTS IN MILLIONS OF D O L L A R S ) 1/ $1 BILLION ANHi OVER CD'S MATURING 1972 JUN IN 20-30 TOTAL $200 1MILLION AND UNpFR $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION PR I ME 3 / TOTAL NFW YHRK CITY OUTSIDE NFW YORK CITY NON -PRIME !,599.6 143.3 279.0 333.7 843.6 397.8 194.4 251.4 10,205.5 757.6 1,373.1 1,718.2 6,356.6 3,347.5 1,902.6 1 ,106.5 AUGUST 5,828.1 389,2 734.0 962.2 3,742.7 2,005.4 1,012.1 725.2 SEPTEMBER 4,652.2 301.6 602.9 650.9 3,096.8 1,625.2 898.0 573.6 OCTOBER 3,342.9 160.6 425.9 466.3 2,290.1 1,147.6 753.7 388.8 NOVEMBER 2,323.1 146.8 298.8 379.6 1,497.9 843.9 343.2 310.8 DECEMBER 2,294 j 0 129.5 297.9 325. 5 1,541.1 740.4 498.5 302.2 I•551.3 65.6 206.8 179.7 1,099.2 598.2 253.6 247.4 FEBRUARY 714.7 45.? 87.2 120.3 461.9 178.9 146.F 136.5 MARCH 743,7 52.6 86.8 128.4 475. o 123.3 170.5 182.1 APRIL 667.4 30.0 83.7 126.0 427.7 99.4 197.3 131.0 MAY 476.3 35.7 68.8 89.6 282.2 69.4 126.6 86.2 JUHF 395.7 35.7 96.6 94.2 169.2 16.1 7Q.9 73.2 1,106.0 79.5 99.5 223.4 703.6 233.9 416.8 52.9 35,900.5 2,373.0 4,741.0 5,798.0 22,988.5 4,,567.8 JULY 1973 JANUARY JULY OR LATER 4> X) ^1 o TOTAL * 6,903,7 SEPTEMBER U 355.4 22.9 47.1 66.5 218.9 115. 0 64.6 39.3 SEPTEMBER 968.4 31.5 41.1 86.8 809.0 408.2 184.7 2 16.1 37 7 12 18 T - 15 • T **- (MEMORANDUM: TAX H A AND H I>|1 /nt\/f PiCMn U A T i i n r r r m 1 f M FMfl D AM ni IM • v ' • • 254 86 81 KII1 MD CD nc DAMi/r t 50 1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100 ,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31. 1965. Digitized FRASER W for PRIME *?A%KS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUA! TTY AND WHICH ARE http://fraser.stlouisfed.org/ RE PORT EO BY DEALFRS JO TRAOJE WITHIN I OR 2 BASIS POINTS OF FACH OTHER WITHIN THE SECONDARY MARKET. * Reserve TOT AT* M(kY NOT AFTF) PUP TO R O U N D I N G . Federal Bank of St. Louis TABLF 3B SALFS /I/ OF NEGOTIABLE TIME CERTIFICATES OF D E P O S I T SINCE PREVIOUS MONTH ?/ AT WFFKLY REPORTING BANKS BY S17 F OF BANKS 3/ AS OF 2 8 J UN 197? (AMOUNTS IN MILLIONS OF D O L L A R S ) $1 BILLION AND OVER CD« S MATURING JUN IN TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TD $1 BILLION PRIME 4/ TOTAL NFW YORK CITY OUTSIDF NFW YORK CITY NON-PRIME 29-30 3,436.B 261.1 484.7 627.5 2,063.5 1,039.2 547.9 476.4 AUGUST 1,175.3 93. 9 183.7 257.4 640.3 293.5 194.0 152.8 SEPTEMBER 2,098.4 115.3 300.7 27Q.4 1,403.0 824.4 378.3 200.3 OCTOBER 579.3 17.4 47.7 59.0 455.2 246.3 141.1 67.8 NOVEMBER 147.0 12.8 35.4 57.0 241. A 88.5 94.5 DECEMBER 941.7 51 .0 149.6 129.5 611.6 153.8 307.9 149.9 JANUARY 14B.3 12. 1 33.9 28.0 74.3 20.1 32.9 21.3 00 3.1 5.8 7.1 32.7 18.8 °•2 2.1- FEBRUARY cr oc tr JULY 4.7 MARCH 120,8 11.5 25.4 25.5 58.4 36.5 APRIL 31.2 0.8 3.0 11.4 16.0 4.8 7.5 3.7 MAY 36.8 4.4 o.7 6.9 15.8 3.5 9.9 2.4 430.7 35.6 93.9 84.8 216.4 12.2 138.9 65.3 9,395.0 619.0 1,373.5 1,573.5 5,829,0 2,741.6 1,860.0 1,227.4 37 7 12 18 JUNE OR LATER TOTAL * http://fraser.stlouisfed.org/ # Louis Federal# Reserve Bank of St. 24.0 i innMDt CD nc B DA A tx)r i— — ( M•1• M \ MFMOR 'i ; AMHI rv h IMIlAJi InU K Uf~ N KkiS 2 54 86 81 50 AND WHICH ARE * e # # # • • t # T A B L E 3C MATURITY DISTRIBUTION OF OUTSTANDING NFGOTIABLE TI MF CFRTIFICATES HF DFPQSTT AT WEEKLY REPORTING RANKS BY SIZE OF BANKS 2/ AS OF 2fl JUN 1972 PERCENTAGE DISTRIBUTION 1/ SI BILLION AND OVER CD'S MATURING IN TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION PRIME 3/ TOTAL NFW YORK CITY . , 29-30 NON-PR IMF 4.5 6.0 5.9 5 .A 3.7 3. 5 2.8 5.5 JULY 28.4 31.9 29.0 29.6 27.7 29.3 27.2 24.2 AUGUST 16.2 16.4 15.5 16.6 16.3 17.5 14.5 15.9 SEPTFMRFR 13.0 12.7 12.7 11.2 13.5 14.2 12.8 12.6 OCTOBER 9.3 6.8 9.0 8.0 o o 197? JUN OUTSIDE NEW YORK CITY 10.0 10.8 8.5 NOVEMBER 6.5 6.2 6.3 6.5 6.5 7.4 4.9 6. 8 DECEMBER 6.4 5.5 6.3 5.6 6.7 6.5 7.1 6.6 4.3 2.8 4.4 3.1 4.8 5.2 3.6 5.4 2.0 1.9 1.9 2.1 2.0 1.6 2.1 3.0 MARCH 2.1 2.2 1.8 2.2 2. 1 1 .1 2.4 4.0 APR IL 1.9 1.3 1.8 2.2 1. 9 0.9 2.8 2.9 MAY 1.3 1.5 1.5 1.5 1 . ? 0.6 1.8 1.9 JUNE 1.1 1.5 2.0 1.6 0.7 0.1 1.1 1.6 3.1 3.4 2. 1 3.9 3. 1 2.0 6.0 1.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 197? J A N U A R Y FEBRUARY JULY OR LATER - 1 TOTAL * 100.0 11 V ' v J i M IN U U ' ' • vV T1 n1 F»MCnIN UMATIIDTTTCC I HA N URT 1INU ™ 1 U " 1 1T LTBL SEPTEMBER 11 1.0 1.0 L.O 1.1 1.0 1.0 0.9 0.9 SEPTEMBER 15 2.7 1 .3 0.9 1.5 3.5 3.6 2.6 4.7 1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WFEKLY REPORTING BANKS. ?/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. V PR IMF BANKS ARE T H O S E WHOSE NEGOTIABLE CERTIFICATES 0= DEPOSIT ARE REGARDED AS BEING OF THF H I G H E S T QUALITY REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THF SECONDARY MARKFT. * TOTALS MAY NOT ADD DUF TO ROUNDING. ANn WHICH ARE T 4 R L E M A T U R I T Y D I S T R I B U T I O N 0"= 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 OR D F P O S T T AT W E E K L Y R E P O R T I N G B A N K S BY S I 7 F HE BANKS 2/ AS OF 28 JUN 197? CUMULATIVE PERCENTAGE 1/ $1 B I L L I O N . . . . „ , m o ,„r.u A N D UNDER __ \Z+9 JUN ?9-30" :iLum $500 M I L L I O N *500 T T l " , n $1 B I L L I O N : i Z Z L = ! l ~ ~ TOTAL NEW Y O R K CITY __ " --- ... AND OVER OUTSIDE NEW YORK CITY NON-PRIME --- ------ J U L Y 32.9 37.9 34.9 35.4 31.4 32.8 30.0 A U G U S T 4°.L, 54.3 50.4 52.0 47.7 50.3 44.5 45.6 SEPTEMBER 62.1 67.0 63.1 63.2 61.? 64.5 57.3 58.2 OCTOBER 7,1.4 73.8 72. 1 71.2 71. 2 74.5 68.1 66.7 NOVEMBER 77.Q 80.0 78.4 77.7 77.7 81.9 73.0 73.5 DECEMBER 84.3 85.5 84.7 83.3 84.4 88.4 80.1 80.1 88.6 88.3 89.1 86.4 89.2 93.6 83.7 85.5 FEBRUARY 90.6 90.2 90.9 88.5 91.2 95.2 85.8 88.5 M A R C H 92.7 92.4 92.7 90.7 93.3 96.3 88.2 92.5 A P R TL 94.6 93.7 94.5 92.9 95.2 97. 2 91.0 95.4 95.2 96.0 94.4 96.4 97.8 92.8 97.3 96.7 °8.0 96.0 97.1 07.9 93.9 98.9 100.0 100.0 100.0 100.0 100.0 100.0 19T3 J A N U A R Y M A Y JUNE 97.0 • 29.7 JULY , 100,0 100,0 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 $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W F F K L Y REPORTING B A N K S . ?/ TOTAL D E P O S I T S »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 ON D E C E M B E R 3 1 , 1965. 3 # T»RTME B A N K S SHE 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 BEING OF THE H I G H E S T Q U A L I T Y AND W H I C H R E P O R T C D BY O E A L P 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 EACH OTHFR W I T H I N THE SECONDARY M A R K F T . ARE T A B L E 3E S , I F S " r NFGD »"^K;riE^sTT,,^c:i^s^vo^"i,^s;rsir'ous -™t- » AS DF 28 JUN 1972 PERCENTAGE DISTRTBUTTHN $1 BILL TON AND OVER CD'S MATURING 1 9 7 ? JUN 1971 IN TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 M I L L I O N TOTAL 4/ NFW YORK CITY OUTSIDE NFW Y O R K CITY NON-PRIME JULY 36. 6 42.2 35.3 39.9 ^ 5 .4 37.9 AUGUST 29. 5 38. 8 12.5 15.2 13.4 16.4 11.0 SEPTEMBER 10. 7 10.4 22.3 18.6 12.4 21.9 17. R 24.1 30. 1 OCTOBER 6.2 20.3 2.8 16.3 3. 5 3.7 7.8 O.O NOVEMBER 7.6 5.5 3.7 2.1 2.6 3.6 4.1 10.0 3.2 DECEMBER 5.1 8.2 4. 8 10.9 8.2 10.5 5.6 1.6 ?.0 16.6 12.2 2.5 1.8 1 . 3 0.7 FEBRUARY 1.8 1.7 0.5 0.5 0.4 0.5 0.6 0.7 MARCH 0.5 1.3 1.8 0.4 1.9 1.6 1.0 0.1- 0. 3 0.1 1.3 APR IL 2.0 0.2 0.7 0.3 MAY 0.2 0.4 0.4 0.3 0.7 0.7 0.4 0.3 0. 1 0.5 0.2 4.6 5.8 6.8 5.4 3.7 100.0 0.4 7.5 100.0 5.3 100.0 100.0 100.0 100.0 100.0 100.0 JANUARY TOTAL * (MEMORANDUM: 254 1/ SEE T E C H N I C A L * PR I M F TO $1 B I L L I O N 29-30 JUNE OR LATER ! ! $500 M I L L I O N TOTALS APPENDIX 81 OF BANKS) 50 37 12 18 A. MAY N O T ADO DUE TO R O U N D I N G . 86 NUMBER - AND W H I C H ARF TARLE AVERAGF 4A MATURITY OP OUTSTANDING NEGOTIABLE TIME AT W E F K L Y CERTIFICATES RFPDRTING AT V A R I O U S (IN SURVEY DFPHSIT 1/ RANKS DATES MONTHS) DATE RANK OF OE SURVEY CLASSIFICATION 2R J UN 197? 11 MAY 26 1972 APR 1972 ( RY L O C A T I O N ) ALL R E P O R T I N G RANKS ISSUING CD'S 3.2 3.2 3.3 NEW Y O R K C I T Y 2.9 3.1 3.1 CHICAGO 2.5 2.6 3.0 OTHFR 1.4 3.4 3.5 (BY UNDER $200 MILLION RANK) 2/ 3.0 3.0 2.9 $200-$500 MILLION 3.1 3.0 3.0 $500-$1V 000 3.2 3.2 3.3 3.2 3.? 1.4 2.8 3.1 3.1 I.7 3.7 3.9 3.4 3.5 3.7 OVER $1 MILLION RILLION PRIME IN NEW YORK CITY PRIME O U T S I D E NEW YORK 3/ CITY 3/ NON-PRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS AS SIZE OF I N D E N O M I N A T I O N S OF REPORTED $100»000 IN T H E C A L L R F P O R T OF OR MORE CONDITION ISSUED RY W E E K L Y ON DECFMRER 31, REPORTING BANKS. 1965. / P R I M E B A N K S ARE T H O S E W H O S E N E G O T I A R L F C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS R E I N G DP THE H I G H E S T Q U A L I T Y AND Digitized for 3FRASER W H I C H ARE R E P O R T E D RY 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 C C A C H OTHFR W I T H I N T H F S E C O N D A R Y M A R K E T . ^ # e # e e # # # $ TABLF 4B AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES O«= DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEY^ (IN MONTHS) DATE OF SURVEY BANK CLASSIFICATION 2 A J1JN 1972 31 ^ AY 1972 26 A D R 1972 (BY L O C A T I O N ) ALL REPORTING RANKS ISSUING CD'S 2.P 2.8 ?.7 NEW YORK CITY 2.3 3.2 2.1 CHICAGO 2.6 2.5 2.5 OTHER 3.0 2.7 3. 1 (BY SI7E OF BANK) ?/ UNDER *200 MILLION 2.7 2.5 ?.l $200-$500 MILLION 3.1 2.6 2. A *500-$l ,000 MILLION 2.7 2.6 2.9 OVER 2.7 3.0 2.7 2.2 3.2 2.1 PRIME OUTSIDE NEW YORK CITY 3/ 3.4 2.Q 3.4 NON-PRIME 2.9 2.6 3.2 tl BILLION PRIME IN NEW YORK CITY 3/ 1/ INCLUDFS C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 OR MOPE 2/ TOTAL DEPOSITS ISSUED BY WEFKLY REPORTING AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER BANKS. 31, 196=5. PBTMF RANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OP THE HIGHEST QUALITY A N n WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS 0*= EACH OTHER WITHIN TWF ^ R N N , 0 A P Y M A R ^ T , http://fraser.stlouisfed.org/ N O T E — S E P r n M^'If AL APPENDIX B. Federal Reserve Bank of St. Louis V TABLE 5 A RATIO OF OUTSTANDING NFGOTIABLF TIME CERTIFICATES 0*= DEPOSIT 1/ TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES (PER CENT) DATF HF SURVEY TOTAL DEPOSITS 2/ (IN MILLIONS OF DOLLARS) 28 JUN 1*72 31 MAY 1972 26 APR 1972 ALL BANKS ISSUING CD'S 13.2 12.9 12 .7 UNDER 200 10.9 11.0 11.0 200 - 500 12.0 12.0 11.7 500 - 1000 11.6 11.6 11.0 OVER 14.2 13.8 13.7 PRIME IN NEW YORK 3/ 18.8 18.8 1° . 0 PRIME OUTSIDE NEW YORK 3/ 10.3 9.6 9.5 NONPRI ME 13.8 13.2 12.7 1000 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER M , 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSI T ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS HF EACH OTHER WITHIN THF SECONDARY MARKFT. NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIMF DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS . TABLF 5B RATIO OF OUTSTANDING NEGOTIABLF TIMF CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF 2ft JUN 1972 (NUMBER OF BANKS) TOTAL DEPOSITS 2/ (IN MILLIONS OF HOLLARS! 5* OR LESS 5 TO 10% 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE AVERAGE CD TO DEPOSIT RATIO (PER CENT) ALL RANKS ISSUING CD' S 51 67 67 33 19 17 13.2 UNDFR 200 20 26 22 8 3 7 10.9 200 - 500 1R 21 17 12 6 7 12.0 500 - 1000 A 9 22 7 4 0 11.6 OVFR 1000 5 11 6 6 6 3 14.? PR IMF IN NEW YORK 3/ 0 1 1 1 3 1 19.A PR IMF OUTSIDE NFW YORK 3/ 2 5 I 4 0 0 10.3 NONPRIMF 3 5 4 1 3 2 13.R 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING RANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TR AD C WITHIN 1 OR 2 BASTS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5C PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE HE DEPOSIT Zl 31 MAY 1972 TO 29 JUN 1972 (NUMBER OF RANKS) INCREASES OF . DECLINES OF TOTAL DEPOSITS 2Z REDUCED CD 1 S TO 7ER0 ( IN MILLIONS OF DOLLARS) ALL BANKS ISSUING GO'S — — — — — — — — — 10$ OR MORE 5 TO 10* 5% OR LESS NO CHANGE 5% OR LESS 10* OR MOPE 5 TO 10% 34 3Q 68 11 45 23 34 ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE UNDER 2 00 1 15 14 21 4 15 5 12 0 200 - 500 0 11 10 26 5 10 9 10 0 500 - 1000 0 8 8 13 2 10 4 5 0 OVFR 0 0 7 R 0 10 5 7 0 PRIME IN NEW YORK 3Z 0 0 0 4 0 2 1 0 0 PRIME OUTSIDE NFW YORK 3Z 0 0 2 1 0 2 2 5 0 NONPRIMF 0 0 5 3 0 6 2 2 0 1000 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED RY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3Z PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE FXTFNT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO 7ER0 ON THIS SURVEY. # * # # # # # # # # i TABLE 5D PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT Z1 29 MAR 1972 TO 28 JUN 1972 (NUMBER OF TOTAL D E P O S I T S /2 (IN M I L L I O N S OF D O L L A R S ) ALL RANKS rn» s REDUCED CD'S 25* TO OR MORE ZERO ISSUING BANKS) INCREASE OF DECLINES OF 15 TO 20% 20 TO 25* 5 TO 10 TO 15* 10% 5% OR LESS NO CHANGE 5% OR LESS 5 TO 10* 15 TO 20* 10 TO 15* 25* 70 TO 25* OR MORE ISSUED CD'S BUT H A D NONE OUTSTANDING ON BASE DATE 1 14 7 15 16 24 23 8 30 22 11 17 17 49 1 200 1 5 3 11 4 !1 7 4 5 7 9 4 7 16 0 ?00 500 0 5 2 3 8 7 8 3 10 4 5 6 5 15 0 O 2 2 0 3 3 6 1 7 6 1 2 3 13 1 0 2 0 1 1 3 2 0 8 5 3 5 2 5 0 0 1 0 0 0 1 0 0 2 1 0 I I 0 0 PRIMF O U T S I D E NEW YORK 3/ 0 0 0 0 0 1 2 0 0 3 0 1 ! 4 0 NONPRIME 0 1 0 1. 1 1 0 0 6 1 3 3 0 I 0 - 1 o o IT OVER o o 0 UNDER 1000 PR IMF IN NEW YORK 3/ 1/ INCLUDES CERTIFICATES IN DENOMINATIONS o c 2/ TOTAL DEPOSITS AS REPORTED t i o o ,000 OR MORE ISSUFD BY WFFK LY REPORTING RANKS . TN THE CALL REPORT OF CONDITION ON DECEMBER 31 , 1965 •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°RIMF BANKS AHF THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- DEPOSITS IN THE DENOMINATOR OF THF RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DFPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. • e i TABLE 5F CHANGE IN OUTSTANDING NEGOTIABLE TTMF CERTIFICATES OF DEPOSIT 1/ OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 29 MAR 1972 TO 2A JUN 197? (NUMBER OF BANKS) DECLINES OF TOTAL DEPOSITS 2/ (IN MILLIONS OF DOLLARS) 5% AND OVER 4 TO 5K 3 TO 4% INCREASES OF 2 TO 3* 1 TO 2% 1% AND LESS NO CHANGE 1% AND UNDER 1 TO 2% 4 0 5% 3 TO 4* 2 0 3% T 5% AND OVER T 2 10 9 25 52 A 56 31 17 ?2 11 A UNDER 200 1 1 3 4 11 21 4 14 6 A A 2 3 200 - 500 0 0 4 4 A IB 3 14 14 4 7 3 2 1 1 1 1 4 A 1 15 5 4 3 3 2 0 0 2 0 2 5 0 13 6 1 4 ? 1 PR IMF IN NEW YORK 3/ 0 0 1 0 1 0 0 2 1 0 1 1 0 PRIME OUTSIDE NEW YORK 3/ 0 0 0 0 0 % 0 3 2 1 1 I 1 NHNPRIMF 0 0 1 0 1 2 0 A 3 0 2 1 0 OVER o o o 2 o 0 1 ALL BANKS ISSUING CD'S 1000 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MOPE ISSUED BY WEFKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPOPTFD IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1<>65. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERT IFIC AT FS 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 WTTHTN THE SECONDARY MARKET. NOTE- DEPOSITS IN THF DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TTMF DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 6A MATURITY DISTRIBUTION OF OUTSTANDING NFGOTIABLF TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING RANKS FY FEDERAL RESERVE DISTRICT AS OF 28 JUN 197? (AMOUNTS ALL DISTRICTS BOSTON 1599. A 48.1 JUL 10205.4 AUG CD'S MATURING IN IN MILLIONS OF DOLLARS) SAN FRAN- . CISCO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS 98.8 48.2 13.2 55.4 153,2 260.0 420.5 1278.3 131.5 114.5 214.7 684.3 1485.2 176.2 223. 1 804.1 105.9 53.3 102.6 304.2 808.9 172.0 137.9 193.8 708.7 50.3 48.4 110.7 258.6 579.3 131.3 236.0 114.8 82.1 480.7 47.9 39.6 68.0 134.6 357.4 1033.7 114.2 128.2 90.3 85.0 136.2 36.9 18.2 53.1 171. 1 311.6 154.6 945.7 131.8 99.0 68.1 75.3 226.1 36.7 24.7 52.0 108.5 371.4 1551.2 57.9 641.0 86.9 77.6 69.2 50. 1 112.2 36.9 33.0 32.3 124.9 229.2 FFR 714.7 17.4 221.6 76.4 35.8 27.5 24.4 54.7 11.0 5.6 31 .1 78,8 130.4 MAR 743. Q 64. 1 164.1 118.6 40.1 16.0 43.7 61.9 17.7 2.5 13.8 50.8 150.6 APR 667.5 14.6 145.2 82.6 71.3 31.5 20.4 37.7 11.1 5.5 25.0 4%.0 181.6 MAY 476.2 27. 1 91.9 49.9 44.9 17.2 21.3 35.3 10.1 4.2 20.3 31,2 122.8 JUN 395.7 24.3 32.0 51.7 34.3 17.0 50.5 46.0 3.3 9.0 17.0 3lr7 78.9 1106.2 50.1 277. 8 80. 1 325.1 23.1 35.9 60.1 24.8 6.4 32.6 16.8 173.4 1741.6 14323.6 1761,6 213Q.3 1183.0 1401.3 4140.8 572.3 378 .1 828.6 2189.7 5240,7 RICHATLANTA MOND PHILADELPHIA CLEVELAND 525.0 159.0 81 .7 82.0 75.2 498.3 4254.6 287.6 523.7 312.2 5828.1 227.9 2537.6 214.7 269.6 SFP 4652.2 158.3 2057.4 176.8 ncr 3342.A 254.4 13*6.0 NOV 23?3.0 144.5 DEC 2293.9 1973 JAN 1072 JUN 29-JtJN 30 JUL OR LATER TOTAL * 35900.6 • NEW YORK CHICAGO AVERAGE MATURITY IN MONTHS 2/ 3.1 3.3 2.8 4.4 4. 6 3.1 3.2 2.6 3.4 3.1 3.5 2.9 3.4 NUMBER OF REPORTING RANKS 254 IB 40 10 19 16 23 36 11 5 20 24 32 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. ?/ SEE TECHNICAL APPENDIX B. * DETAILS MAY NOT ADD TO TOTALS DUF TO ROUNDING. TABLE 6R 1/ ?/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING RANKS BY FEDERAL RESERVE DISTRICT AS OF 78 JUN 1972 (AMOUNTS IN MILLIONS OF DOLLARS! MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 32. 6 35.6 78.4 311.7 503.2 198.9 19.5 11.0 18.3 88.4 160.2 68.1 383.2 21.1 18.4 54.7 99.0 214.2 12.8 4.4 109.6 1. 1 3.4 8.1 5.2 37.P 21.5 13.5 11.5 22.0 2.9 3.9 6.8 7.3 91 .7 28.8 48.5 45.6 37.9 135.8 21.1 8.1 14.0 37.3 219.9 34.1 5.8 32.0 2.7 5.2 26.3 5.3 0.4 10.1 5.4 11.1 2.4 21.1 3.6 1.6 0.4 4.7 3.8 3.6 0.0 1.5 0.3 5.8 126.8 17.3 44.2 16.6 2.8 2.6 22.4 6.5 1.9 0.0 1.2 8.5 2.8 APR 31.6 1.6 6.7 0.9 5.0 0.1 1.2 1.4 5.8 0.0 0,4 1.5 7.0 MAY 36.8 0.4 4.6 1.5 3.2 2.3 4.7 2.4 3. 5 0.0 0.2 0. Q 13.1 430.6 19.4 33.7 35.8 82.7 20.2 50.3 43.9 4.3 8.9 11.7 27,5 92.2 9401.2 506.8 3723.3 343.4 440.8 280.8 42 5.4 1310.8 122.7 89.7 205.4 593.0 1359.1 2.7 3.0 2.3 3.4 4.5 3. 1 3.6 2.7 3.7 2.9 2.8 2.1 3.1 ALL DISTRICTS BOSTON 1972 JUL 3436.7 163.1 AUG 1175.5 SFP 2098.5 OCT 579.1 NOV CD'S MATURING IN RICHATLANTA MOND CHICAGO PHILADELPHIA CLEVELAND 1425.6 119.8 121.4 112.5 155.8 377.0 69.4 419.2 44.4 57.2 29.p 59.2 68.5 1012.2 68. 1 52.7 38.3 62. 8 312.3 9.3 12.2 347.2 22.0 135.3 8.8 DEC 941.5 70.2 274.3 1073 JAN 149.1 9.7 FFB 48.8 MAR JUN OR LATFR TOTAL * AVERAGE MATURITY IN MONTHS 3/ NEW YORK ST. LOUIS 1/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY RFPORTING BANKS. 3/ SEE TECHNICAL APPENDIX B. * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. TABLE 6C MATURITY DISTRIBUTION OF OUTSTANDING NFGOTIABLF TIMF CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING RANKS BY FEDERAL RESERVE DISTRICT AS OF 28 JUN 1972 (PERCENTAGE DISTRIBUTION) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 2.4 8.4 3.5 6.7 7.0 5.0 30.0 30.9 23.0 30.3 25.9 31.3 28.3 14.9 15.9 19.4 18.5 14.1 12.4 13.9 15.4 8.0 11.7 13.8 17.1 8.8 12.8 13.4 11.8 11.1 7.5 11.0 9.7 5.9 11.6 8.4 10.5 8.2 6. 1 6.8 7.2 6.5 6.0 7.6 6. 1 3.3 6.4 4.8 6.4 7.8 5.9 8.9 6.6 7.5 4.6 5.8 5.4 5.5 6.4 6.5 6.3 5.0 7.1 4.3 3.3 4.5 4.9 3.6 5.8 3.6 2.7 6.4 8.7 3.9 5.7 4.4 FEB 2.0 1.0 1.5 4.3 1.7 2.3 1.7 1.3 1.9 1 .5 3.8 3.6 2.5 MAR 2.1 3.7 1.1 6.7 1 .9 1.4 3. 1 1.5 3.1 0.7 1.7 2. 3 2.9 APR 1.9 0.8 1.0 4.7 3.3 2.7 1.5 O.o 1.9 1.5 3.0 1.9 3.5 MAY 1.3 1.6 0.6 2.8 ?.l 1.5 1.5 0.9 1 .8 1 .1 2.4 1.4 2.3 JUN 1.1 1.4 0.2 2.9 1.6 1.4 3.6 1.1 0.6 2.4 2.1 1.4 1.5 JUL OR LATER 3.1 2.9 1.9 4.5 15.2 2.0 2.6 1.5 4,3 1.7 3.9 0.8 3.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 CD'S MATURING IN ; ALL DISTRICTS BOSTON 4.5 2.8 JUL 28.4 AUG RICHATLANTA MOND PHILADELPHIA CLEVELAND 3.7 9.0 3.8 6.9 5.4 ? R»6 29.7 16.3 24.5 26.4 16.2 13.1 17.7 12.2 12.6 SEP 13.0 9.1 14.4 10.0 OCT 9.3 14.6 9.7 NOV 6.5 8.3 DEC 6.4 1Q73 JAN 1972 JUN 29- JUN 30 TOTAL * NEW YORK CHICAGO 1t INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WFFKl.Y REPORTING RANKS. TABLE 60 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 28 JUN 1072 (CUMULATIVE PERCENTAGE) CO • s MATURING IN 1972 J UN 29-JUN 30 ALL DISTRICTS 4.5 BOSTON 2. 8 NEW YORK PHILADELPHIA CLEVELAND 3.7 9.0 3.8 RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FR AN— CISCO 6.9 5.4 2.4 A.4 3.5 6.7 7.0 5.0 JUL 32.9 31.4 33.4 25.3 2 A. 3 33.3 35.4 33.3 31.4 33. A 32.6 3A. 3 33.3 AUG 49.1 44. *5 51.1 37.5 40.9 48.2 51.3 52.7 49.9 47.9 45.0 52.2 48.7 SEP 62.1 53.6 65.5 47.5 48.9 59.9 65.1 69. R 5 A. 7 60.7 5 A. 4 64.0 59. A OCT 71.4 6A, 2 75.2 55.0 59. 9 69.6 71.0 A1.4 67.1 71 .2 66.6 70. 1 66.6 NOV 77.9 76.5 82.4 61.5 65.9 77.2 77.1 A4.7 73.5 76.0 73.0 77.9 72.5 DFC A4.3 A5.4 89.0 69.0 70.5 83.0 82.5 90.2 79.9 A2.5 79.3 A 2.9 79.6 1973 JAN AA .6 A A. 7 93.5 73.9 74.1 AA. A 86. 1 92.9 86.3 91 .2 A3.2 A A. 6 A4.0 FEB 90.6 A9.7 95.0 78.2 75. A 91 . 1 A7.A 94.2 A A. 2 92.7 87.0 92.2 A6.5 MAR 92.7 93.4 96.1 84.9 77.7 92.5 90.9 95.7 91 .3 93 .4 AA . 7 94. 5 A9 . 4 APR 94.6 94.2 97.1 A9.6 81.0 95.2 92.4 96.6 93.? 94.9 91 .7 96.4 92. O MAY Q5.9 95. A 97.7 92.4 A3. 1 96.7 93.9 97.5 95.0 96.0 94. 1 97. a 95.2 JUN 97.0 97.2 97.9 95.3 A4. 7 98.1 97.5 9 A. 6 95.6 9 A .4 96.2 Q9. 2 96.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 JUL OR LATER 1/ INCLUDES ONLY CERTIFICATES 100.0 100.0 100.0 100.0 ISSUED IN DENOMINATIONS OF $100.000 OR MORE BY WEEKLY REPORTING BANKS. TABLE 6F 1/ 2/ SALFS OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING RANKS BY FEDERAL RESERVE DISTRICT AS OF 78 JUN 1972 (PERCENTAGE DISTRIBUTION! CD'S MATURING IN ALL DISTRICTS BOSTON 1972 JIJL ^6.6 32.2 AUG 12.5 <FP SAM • FRANCISCO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS 28.R 26.6 39.7 3R.2 52.6 37.0 13.9 15.2 15.9 12.3 8.9 14.9 11.8 13.6 16.0 29.2 17.2 20.5 26.4 16.7 15.8 2.8 4.6 1.0 8.4 0.9 3.8 3.9 0.9 2.8 2.6 4.9 4.8 2.7 1.7 2.4 4.3 3.3 1. 2 6.7 7.4 R.4 11.0 16.2 R. 9 10.4 17.2 9.0 6.8 6.3 16.2 1.9 0.9 1.7 7.3 1.0 1.2 2.0 4.3 0.4 4.9 0.9 O.R 0.5 0.5 0.6 1.0 0.4 0. 1 1.1 0.3 2.9 0.0 0.7 0. 1 0.4 MAR 1.3 3.4 1.2 4. R 0.6 0.9 5.3 0.5 1,5 0.0 0.6 1. 4 0.2 APR 0.3 0.3 0.2 0.3 1.1 0.0 0.3 0.1 4.7 0.0 0.2 0.3 0.5 MAY 0.4 0. 1 0.1 0.4 0.7 O.R 1.1 0.2 2.9 0.0 0.1 0.2 1.0 JUN OR LATFR 4.6 3.9 0.9 10.4 1R.R 7.2 11.8 3.3 3.5 9.9 5.7 4.6 6. R 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 NEW YORK PHILADELPHIA CLEVELAND 38.3 34.9 27.5 40.1 36.6 13.7 11.3 12.9 13.0 10.6 22.3 13.5 27.2 19.A 12.0 nr.T 6.2 12.4 R.4 2.7 NOV 3.7 4.3 3.6 OEC 10.0 13.9 1973 JAN 1.6 FER TOTAL * RICHMOND ATLANTA CHICAGO 1/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORF BY WEEKLY REPORTING BANKS. NOTF - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED. * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. 100.0 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- parable1 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 NEGOTIABIE TIME CERTIFICATES OF DEPOSIT OUTSTANDINGS Average maturities of outstanding negotiable time certificates of deposit are calculated on a weighted .average basis. All CD's are assumed to mature in the middle of the month and those CD's maturing in the survey month--after the survey d a t e — a r e assumed to mature in the middle of the period between the .survey date and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD*s outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way. That is, they are weighted averages calculated from the survey date with the assumption made that all CD's mature in the middle of the month. Any CD's sold between survey dates and maturing in the period between the current survey date and the end of the calendar month in which the current survey was taken (a maximum of 6 days) are ignored. Technical Note B (continued) This procedure assumes all CD's sold between survey dates were issued on the most recent survey date. While it appears more logical to assume that all CD's were sold at the mid-point between the two surveys, such an assumption would tend to reduce comparability 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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