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July 9, 1969.




L.4.1
CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
May 28, 1969

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

FEDERAL RESERVE BANK
of KANSAS CITY
JUL 16 1963

TABLE

1

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 TIME C E R T I F I C A T E S OF D E P O S I T AT
WEEKLY R E P O R T I N G BANKS
AS OF 28 MAY

AMOUNT
(MILLIONS OF
DOLLARS)

1969
SALES SINCE
PREVIOUS MONTH 2/
(MILLIONS CF D O L L A R S )

CUMULATIVE
PERCENTAGE

258.2

1.5

1.5

,0

4,722.0

27.8

29.3

781,0

JULY

3,374.9

19.9

49.2

236,9

AUGUST

2,083.3

12.3

61.5

543,6

SEPTEMBER

1,615.9

9.5

71.0

67,0

OCTOBER

1,410.6

8.3

79.3

116.5

NOVEMBER

967.6

5.7

85,0

561.6

DECEMBER

612.7

3.6

88.6

98.0

537.6

3.2

91,8

29.7

FEBRUARY

280 *4

1.7

93,5

14.1

MARCH

247.0

1.5

95,0

12.8

APRIL

293.6

1.7

96.7

22,9

MAY

CD S

PERCENTAGE
DISTRIBUTION

JUNE

1

175.3

1.0

97.7

391.9

2.3

100.0

XXX

16,971.0

100.0

XXX

2,630.1

MATURING

1969 MAY

IN

29 - 31

1970 J A N U A R Y

OVER

12 M O N T H S
TOTAL

(MEMORANDUM:
200.4
659.8

JUNE 10
JUNE 1 6

1/

INCLUDES ONLY CERTIFICATES

2/

SEE T E C H N I C A L A P P E N D I X

A.

?/

SALES CF C D ' S

AFTER 11




MATURING

TAX

AND DIVIDEND M A T U R I T I E S )

1.2

3.9

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

MONTHS.

146,0 3/

XXX
XXX

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

10,4
76.1

TABLE 2 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 TIME C E R T I F I C A T E S OF D E P O S I T A T
NEW Y O R K CITY, CHICAGO, AND ALL OTHER W E E K L Y R E P O R T I N G B A N K S
AS OF 28 MAY

1969

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

CD'S MATURING

1969 M A Y 29 -

MAY

AMOUNT

IN

31

SALES S I N C E
P R E V I O U S MONTH 2/ -

-

AMOUNT

.
0

41.6

ALL OTHER WEEKLY R E P O R T I N G BANKS

CHICAGO

NEW YORK CITY

SALES SINCE
P R E V I O U S M O N T H 2/ -

-

.
0

12.7

AMOUNT

203.9

SALES S I N C E
PREVIOUS M O N T H 2/

.
0

JUNE

1,221.9

135.4

323.0

33.0

3.177.1

612.6

JULY

638.5

30.8

206.7

9.7

2.529.7

196.4

AUGUST

457.5

112.0

144.2

32.7

1,481.6

398.9

SEPTEMBER

301.9

14.0

117.8

.3

1.196.2

52.7

OCTOBER

207.7

12.3

67.1

5.6

1.135.8

98.6

NOVEMBER

155.0

80.0

41.9

13.1

770.7

468.5

DECEMBER

134.5

28.5

23.8

4.0

454. 4

6 5 .5

89.0

2.9

24.9

1.7

423.7

25.1

FEBRUARY

49.2

.9

19.5

.4

211.9

12.8

MARCH

44.9

.2

24.6

.7

17#. J

11.9

APRIL

79.9

2.6

15.1

.1

19*.*

20.2

MAY

40.0

1970 J A N U A R Y

OVER

35.8

TOTAL *

3,497.4

452.4

10
16

62.2
277.9

1/ I N C L U D E S O N L Y C E R T I F I C A T E S
2/ SEE

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

AFTER

11 MONTHS.

TO R O U N D I N G .

XXX

112.7

12,4 32.0

2 ,065.0

240

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

1.5
10.9

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

T E C H N I C A L A P P E N D I X A.


* TOTALS MAY
http://fraser.stlouisfed.org/ N O T ADD DUF
Federal Reserve Bank of St. Louis

TAX

101.8/3

347.2

It
(MEMORANDUM:

JUNE
JUNE

It 041. 6

12

N U M B E R OF R E P O R T I N G B A N K S

12*. 9

XXX

8.9

XXX

12 M O N T H S

11.4 /3

11.4

32.8 / 3

10.1

39.7

.
0

4.4

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

128.1

342.2

8.9

60.&




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TABLE

M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T 1/
AT WEEKLY REPORT ING BANKS BY SIZE OF B A N K S 2/
AS OF 28 MAY 1969
(AMOUNTS IN M I L L I O N S OF D O L L A R S )

3A

SI B I L L I O N A N D OVER
$200
MILLION
AND UNDER

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

$ 5 0 0 MILLION
TO
$ 1 BILLION

258.0

24.3

50.6

50.2

JUNE

4,722.0

325.8

651.4

JULY

3,374.9

281.0

AUGUST

2.083.4

SF^TEMBER
OCTOBER

C D 1 S MATU5ING

IN

TOTAL

PRIME 3/
OUTSIDE
NEW Y O R K
CITY

NON-PRIME

NEW YORK
CITY
132.9

34.9

61.5

36.5

936.1

2,808.7

1,154.1

896.4

758.2

5 39.6

729.1

1,825.2

589.2

703.4

532.6

171.9

410.4

367.2

1,133.9

412.5

418.0

303.4

1,615.9

112.3

267.8

338.1

897.7

281.1

369.1

247.5

1.410.5

96 .7

266.9

296.9

750.0

184.3

369.2

196.5

NOVEMBER

967.6

78.3

193.8

191.1

504.4

142.0

190.6

171.8

DECEMBER

612.7

27.0

84.2

133.8

367.7

111.5

139.0

117.2

537.5

34.5

63.5

98.1

341.4

82.5

136.8

122.1

FEBRUARY

280.3

10.6

47.5

51.2

171.0

38.9

95.1

37.0

MARCH

246. 8

16.6

34.6

40.3

155.3

35.3

78.3

41.7

APRIL

293.5

14.0

35.4

57.2

186.9

68.3

75.8

42.8

MAY

175.3

10.8

25.0

32.6

106.9

38.7

49.4

18.8

JUNE
OR LATER

391.8

4.0

38.5

77.5

271.8

33.4

184.5

53.9

16,970.2

1,207.8

2,709.2

3,399.4

9,653.8

3,206.7

3,767.1

2,680.0

1969 MAY

2 9-31

1970 J A N U A R Y

TOTAL

*

(MEMORANDUM:

TAX

TOTAL

AND DIVIDEND M A T U R I T I E S )

JUNE

10

200.4

18.5

19.6

43.8

118.5

60.0

28.1

30.4

JUNE

16

659.8

18.9

57.4

100.9

482.6

273.4

120.1

89.1

12

18

(MEMORANDUM:
90

263
1/
:

INCLUDES CERTIFICATES

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

$100,000 OR MORE

NUMBER OF B A N K S )
85

51

37

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

E S ^ l S T ^ J S o S T ^ r S r G ^ O ^ ' i 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 ARE

 O R T E D BY D E A L E R S TO TRADE W I T H I N 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 .
REP
http://fraser.stlouisfed.org/
•
T O T A L S M A Y N O T ADD DUE TO R O U N D I N G .
Federal Reserve Bank of St. Louis

TABLE

SALFS

39

/!/ OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T 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 B A N K S 3 /
AS OF 28 MAY 1969
(AMOUNTS TN M I L L I O N S OF D O L L A R S )
$1 B I L L I O N AND OVER

-

C D 1 S MATURING

1969 M A Y

IN

TOTAL

$200
MILLION
AND UNDER

$200 MILLION
TO .
$500 MILLION

$500 MILLION
TO
$ 1 BILLION

PRIME 4/

-

OUTSIDE
NEW Y O R K
CITY

NON-PRIME

NEW YORK
CITY

TOTAL

2 9-31

JUNE

781.1

79.7

117.8

186.7

396.9

120.0

119.2

157.7

JULY

236. 9

34.2

47.6

54.2

100.9

27.9

35.7

37.3

AUGUST

543.7

76.4

104.0

92.1

271.2

103.0

83.2

85.0

67. 1

6.7

13.8

13.2

33.4

13.2

12.9

7.3

OCTOBER

116.4

9.2

21.0

26.7

59.5

11.9

32.9

14.7

NOVEMBER

561.6

62.0

126.1

128.2

245.3

72.9

85.5

86.9

DECEMBER

98.0

5.0

12.5

12.6

67.9

26.0

18.7

23.2

29.8

6.7

3.7

4.4

15.0

2.9

3.5

8 .6

FEBRUARY

14.2

1.9

3.0

4.4

4.9

0.9

2.4

1.6

MARCH

12.6

1.3

4. 1

4.3

2.9

0.2

1.8

0.9

APRIL

23.0

0.8

6.8

5.1

10. 3

2.0

5.0

3.3

146.1

11.1

14.5

45.5

75.0

32.5

28.1

14.4

2,630.5

295.0

474.9

577.4

1,283.2

413.4

428.9

440.9

SEPTEMBER

1970 J A N U A R Y

MAY
OR LATER
TOTAL

*

— f M F MD D A Mfll IM *

TAX

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

JUNE

10

10.5

3.4

2.6

1.5

3.0

1.5

JUNE

16

76.0

3.4

14.4

13.4

44.8

10.1

1/
2/
3/
4/

90

12.4

22.3

85

51

37

12

18

SEE T E C H N I C A L A P P E N D I X A.
I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $100,000 OR MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S .
TOTAL D E P O S I T S A S R E P O R T E D IN THE C A L L REPCRT OF CONDITION ON DECEMBER 31, 1965.
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 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 ARE
DEPORT
E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN T H E S E C O N D A R Y M A R K E T .
*
TOTALS MA
http://fraser.stlouisfed.org/ Y N O T ADD DUE TO R O U N D I N G .

Federal Reserve Bank of St. Louis

1.9

NUMBER OF B A N K S )

CMEMOR ANDUM:
263

0.4-

TARLE 3C

MATURITY 01STRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 28 MAY 1969
PERCENTAGE DISTRIBUTION
$1 BILLION AND OVER

-

CD*S MATUPING

IN

TOTAL

$200
MILLION
AND UNDER

$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$ 1 BILLION

-

PRIME 3/
TOTAL
NEW YORK
CITY

1969 MAY

29-31

OUTSIDE
NEW YORK
CITY

NON-PRIME

1.5

2.0

1.9

1.5

1.4

1.1

1.6

1.4

JUNE

27.8

27.0

24.0

27.5

29.1

36.0

23.8

28.3

JULY

19.9

23.3

19.9

21.4

18.9

18.4

18.7

19.9

AUGUST

12.3

14.2

15.1

10.8

11.7

12.9

11.1

11.3

SEPTEMBER

9.5

9.3

9.9

9.9

9.3

8.8

9.8

9.2

OCTOBER

8.3

8.0

9.9

8.7

7.8

5.7

9.8

7.3

NOVEMBER

5.7

6.5

7.2

5.6

5.2

4.4

5.1

6.4

DECEMBER

3.6

2.2

3.1

3.9

3.8

3.5

3.7

4.4

3.2

2.9

2.3

2.9

3.5

2.6

3.6

4.6

FEBRUARY

1.7

0.9

1.8

1.5

1.8

1.2

2.5

1.4

MARCH

1.5

1.4

1.3

1.2

1.6

1.1

2.1

1.6

APRIL

1.7

1.2

1.3

1.7

1.9

2.1

2.0

1.6

MAY

1.0

0.9

0.9

1.0

1.1

1.2

1.3

0.7

JUNE
OR LATER

2.3

0.3

1.4

2.3

2.8

1.0

4.9

2.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1970 JANUARY

TOTAL *

DIVIDEND MATURITIES)
JUNE

10

1.2

1.5

0.7

1.3

1.2

1.9

0.7

1.1

JUNE

16

3.9

1.6

2.1

3.0

5.0

8.5

3.2

3.3

1/ INCLUDES CERTIFICATES IN OENOMINATI CNS 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.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
*
TOTAL S "AY NOT ADD DUE T n RPUNDTNG.




TABLE

M

30

A T U P I T Y DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 28 MAY 1969
CUMULATIVE PERCENTAGE
SI BILLION AND OVER

CD'S MATURING

IN

TOTAL

$2 00
MILLION
AND UNDER

$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$ 1 BILLION

-

PRIME 3/
TOTAL
NEW YORK
CITY

1969 "AY

2 9-31

OUTSIDE
NEW YORK
CITY

NON-PRIME

1.5

2.0

1.9

1.5

1.4

1.1

1.6

1.4

JUNE

29.3

29.0

25.9

29.0

30.5

37.1

25.4

29.7

JULY

49.2

52.3

45.8

50.4

49.4

55.5

44.1

49.6

AUGUST

61.5

66.5

60.9

61.2

61.1

68.4

55.2

60.9

SEPTEMBER

71.0

75.8

70.8

71.1

70.4

77.2

65.0

70.1

OCTOBER

79.3

83.8

80.7

79.8

78.2

82.9

74.8

77.4

NOVEMBER

85.0

90.3

87.9

85.4

83.4

87.3

79.9

83.8

DECEMBER

88.6

92.5

91.0

89.3

87.2

90.8

83.6

88.2

91.8

95.4

93.3

92.2

90.7

93.4

87.2

92.8

FEBRUARY

93.5

96.3

95.1

93.7

92.5

94.6

89.7

94.2

MARCH

95.0

97.7

96.4

94.9

94.1

95.7

91.8

95.8

APRIL

96.7

98.9

97.7

96.6

96.0

97.8

93.8

97.4

MAY

97. 7

99.8

98.6

97.6

97.1

99.0

95.1

98.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1970 J A N U A R Y

JUNE
OR LATER

1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY W E E K L Y REPORTING BANKS.
2/ TOTAL D E P O S I T S AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
3/ PRIME BANKS ARF THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE R E G A R D E D AS BEING OF THE HIGHEST QUALITY 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 MARKET.




SALFS Zl/ CF NEGCTIABl E TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY S U E OF BANKS 3/
AS OF 28 MAY 1969
PERCENTAGE CISTR IBUTION

TABLE

S I B I L L I O N AND OVER
$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 BILLION

27.0

24.8

11 .6

10.0

20.7

25.9

SEPTEMBER

2.6

OCTOBER

PRIME 4 /

32.3

C O 1 S MATURING

IN

TOTAL

$200
MILLION
AND UNDER

OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CI TY

30.9

29.0

27.8

35.8

9.4

7.9

6.7

8.3

8.5

21.o

16.0

21.1

24.9

19.4

19.3

2.3

2.9

2.3

2.6

3.2

3.0

1.7

4.4

3.1

4.4

4.6

4.6

2.9

7.7

3.3

NOVEMBER

21.3

21.0

26.6

22.2

19.1

17.6

19.9

19.7

DECEMBER

3.7

1.7

2.6

2.2

5.3

6.3

4.4

5.3

1.1

2.3

0.8

0.8

1.2

0.7

0.8

2.0

FEBRUARY

0.5

0.6

0.6

0.8

0.4

0.2

0.6

0.4

MARCH

0.5

0.4

0.9

0.7

0.2

0.0

0.4

0.2

APRIL

0.9

0.3

1.4

0.9

0. 8

0.5

1.2

0.7

MAY
OR LATER

5.6

3.8

3.1

7.9

5.8

7.9

6.6

3.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1969 MAY

2 9-31

JUNE

29.7

JULY

9.0

AUGUST

1970 JANUARY

TOTAL

TOTAL

*

(MEMORANDUM:

TAX

AND DIVIDEND MATURITIES)

10

0.4

1.2

0.5

0.3

0.2

0.4

0.1-

0.4

JUNE 16

2.9

1.2

3.0

2.3

3.5

2.4

2.9

5.1

JUNE

NUMBER OF BANKS)

(MEMORANDUM:
263

2/ INCLUIES^CERTI F I C A T ^ S ^ I N * D E N O M I N A T I O N S OF

90

$100,000 CR MORE

85

51

37

12

ISSUED BY WEEKLY REPORTING BANKS.

V , PRIME BA^KS'ARF^THOSF^WHOSE' NEGOT I ABLE CE RT I F I C AT ES^OF^ DEPOs'l T^ARE^REGAROED^ AS^BE ING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DE AL CC! S TO TRADE WITH IN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
*
TOTALS MAY N O T ADT DUE TC ROUNDING.




18

t

TABLE 4A
AVERAGE MATURITY

>

OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
< IN MONTHS)
DATE OF SURVEY

BANK CLASSIFICATION
28 MAY 1969

30-APR

1969

26 MAR 1969

(BY LOCATION )
ALL REPORTING BANKS
ISSUING CD'S

3.2

3.4

3.4

NEW YORK CITY

2.9

3.0

3.0

CHICAGO

2.9

2.9

3.2

OTHER

3.3

3.5

3.5

(BY SIZE OF BANK) 2/
UNDER $200 MILLION

2.8

2.9

2.8

f200-$500 MILLION

3.1

3.3

3.5

$500-$l,000 MILLION

3.2

3.3

3.4

OVER $1 BILLION

3.3

3.4

3.4

PRIME IN NEW YORK CITY 3/

2.8

2.9

3.0

PRIME OUTSIDE NEW YORK CITY 3/

3.7

3.8

3.9

NON-PRIME

3.2

3.4

3.4

1/

INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

2/

T° T A L DEPOSITS AS REPORTED IN THE CALL REPORT CF CONDITION ON DECEMBER 31, 1965.

3/

PRIME BANKS ARF THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARF REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET,




TABLE 4B
AVERAGE MATURITY
OF
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /
SOLD BY WEEKLY REPORTING BANKS
DURING THE MONTH OF VARIOUS SURVEYS
( I N MONTHS)

DATE OF SURVEY

BANK C L A S S I F I C A T I O N
28 MAY

1969

30-APR

1969

26 MAR 1969

(BY LOCATION I
ALL REPORTING BANKS
ISSUING CD'S

3.5

3.5

3.6

NEW YORK C I T Y

3.5

3.4

3.4

CHICAGO

3.6

3.8

3.7

OTHER

3.5

3.5

3.7

(BY S I Z E OF BANK)

2/

UNDER $200 M I L L I O N

3.3

3.1

3.3

S200-S500 M I L L I O N

3.5

3.5

3.4

3.6

3.3

3.6

3.5

3.7

3.7

3.6

3.2

3.3

3.7

4.1

4.4

3.2

3.7

3.4

$5C0-$1,000
OVER

viLLION

$1 B I L L I O N

PRIME

I N NEW YORK CITY 3 /

PRIME

OUTSIDE NEW YORK CITY

NCN-PRIMF

3/

1/

INCLUDES C E R T I F I C A T E S IN D E N C M NATICNS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

2/

TOTAL D E P O S I T S A S REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 3 1 ,

3/

PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

NOTE—SEE

TECHNICAL APPENDIX




8.

1965.

T A B L E 5A
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL

DEPOSITS

AT VARIOUS SURVEY DATES
(PER CENT)

DATE OF SURVEY
TOTAL DEPOSITS 2/
(IN MILLIONS OF DOLLARS)

28 MAY 1969

30 APR

1969

26 MAR 1969

ALL BANKS ISSUING
CD'S

7.9

7.8

8.7

UNDER 200

7.7

7.2

7.5

200 - 500

8.5

8.4

8.5

500 - 1000

8.7

8.3

9.0

OVER 1000

7.5

7.6

8.9

PRIME IN NEW YORK 3/

6.5

6.6

8.4

PRIME OUTSIDE NEW YORK 3/

7.0

7.3

8.2

10.3

9.9

11.0

NONPRIME

1/ INCLUDES C E R T I F I C A T E S T N DENOMINATIONS OF $100,000 OR M O R E

ISSUED BY WEEKLY REPORTING BANKS.

2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER

31* 1965.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-

DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS* INCLUDING
INTERBANK AND U.S. G O V E R N M E N T DEPOSITS.




TABLE 56
PATIO

OF

NEGOTIABLE

OUTSTANDING

TIME

CERTIFICATES

OF

DEPOSIT

1/

TO TOTAL DEPOSITS
AS OF 28 MAY 1969
(NUMBER OF BANKS)
TOTAL DEPOSITS 2/
T

(IN MILL °NS OF DOLLARS)

5%
OR
LESS

5
TO
10%

10
TO
15%

15
TO
20%

20
TO
25%

25%
OR
MORE

AVERAGE CO
TO DEPOSIT
RATIO (PER CENT)

ALL BANKS ISSUING
CD'S

84

94

43

29

8

5

7.9

UNDER 200

38

25

15

7

2

3

7.7

- 50C

29

27

14

10

3

2

8.5

13

21

8

6

3

0

8.7

4

21

6

6

0

0

7.5

PRIME IN NEW YORK 3/

0

7

0

0

0

0

6.5

PRIME OUTSIDE NEW YORK 3/

2

8

1

1

0

0

7.0

NONPRIME

2

6

5

5

0

0

10.3

2C0

5CO OVER

1000
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

31* 1965.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF. THE HIGHEST QUALITY AND
WHICH APE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS 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
D

FR CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
30 APR 1969 TO 28 MAY 1969
(NUMBER OF BANKS)

(IN MILL I QMS OF DOLLARS)

INCREASES OF

DECLINES OF

T n TA L DEPCSITS 2/
CD'S TO
ZERO

ALL BANKS TSSU T NH
CD'S

10% OR
MORE

5 TO
10%

5% OR
LESS

NO
CHANGE

5% OR
LESS

10% OR
MORE

5 TO
10%

ISSUED CD'S BUT
HAD NONE OUTSTANDING ON BASE DATE

22

32

72

27

44

27

38

14

9

10

23

0

22

13

10

1

UNDER 200

0

6

6

22

20C - 500

0

5

9

16

9.

500 - 1C0C

0

3

9

18

4

9

3

5

0

OVER

0

8

8

16

0

4

1

0

0

PRIME IN NEW YORK 3/

0

3

3

1

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3/

0

3

4

3

0

2

0

0

0

NONPRI ME

0

2

1

12

0

2

1

0

0

10C0

1/ INCLUDE S CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONCITION ON DECEMBER 31, 1965.
3/

PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN I OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

NOTE-

THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.




T A B L E 50
PER CENT CHANGE

IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
26 FEB 1969 TO 28 MAY

1969

(NUMBER OF BANKS)

TOTAL

D E P O S I T S /?.

(IN ^ T L L T ^ M S OF DOLLARS)

ALL

REDUCED
CD'S 2 5 %
TO
09
ZERO
MORE

R A N K S ISSUING
CD' S

INCREASE OF

DECLINES OF
20
TO
25%

15
TO

5
TO
10%

10
TO
15%

20%

5%
OR
LESS

NO
CHANGE

5
TO

5%
OR
LESS

10%

35

12

19

32

31

27

18

19

20
TO
25%

15
TO

10
TO
15%

20%

25%
OR
MORE
34

15

15

ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE

UNDER

200

1

9

4

2

8

14

8

3

9

4

3

8

1

15

2

200 -

500

0

5

2

7

9

7

10

5

6

8

1

4

2

18

1

500 -

1000

0

10

0

6

8

8

5

2

2

2

2

3

2

1

0

0

11

6

4

7

2

4

0

2

1

0

0

0

0

0

0

5

2

0

0

0

0

0

0

0

0

0

0

0

0

PR TMF °UTSIDE NEW YORK 3/

0

4

0

1

4

1

1

0

1

0

0

0

0

0

0

NONPRIME

0

2

4

3

3

1

3

0

1

1

0

0

0

0

0

OVER

1000

PRIME

IN NEW YORK 3/

1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $100,000 OR MORE
p

2/

TOTAL D E P O S I T S AS

3/

PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE H I G H E S T QUALITY AND
WHICH ARE REPORTED RY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

NOTE—

FPORTED

ISSUED BY WEEKLY REPORTING BANKS.

IN THE CALL

REPORT OF CONDITION ON DECEMBER

31$ 1965.

THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING CD'S ON THE SURVEY T H R E E MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
OUTSTANDINGS TC ZERO.




TABLE 5E
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT I t
OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
30 APR 1969 TO 28 MAY 1969
(NUMBER OF BANKS)
TOTAL DEPOSITS 2/
(IN MILLIONS OF DOLLARS)

DECLINES OF
3%
AND
OVER

2
TO
3%

1
TO
2%

INCREASES OF
1%
ANO
LESS

NO
CHANGE

IX

AND
LESS

1
TO
2*

2
TO
3%

3%
AND
OVER

ALL BANKS ISSUING
CD'S

0

2

13

114

27

79

17

6

4

UNDER 2 00

0

0

4

31

14

25

8

5

3

200 - 5C0

0

1

4

27

9

34

8

0

I

500 - 1000

0

0

2

28

4

15

1

1

0

OVER

0

1

3

28

0

5

0

0

0

PRIME IN NEW YORK 3/

0

0

1

6

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3/

0

1

1

8

0

2

0

0

0

NONP°I ME

0

0

1

14

0

3

0

0

0

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 CONCITION ON DECEMBER

31, 1965.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY 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 5F
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
26 FEB 1969 TO 28 MAY 1969
(NUMBER OF BANKS)

( IN MILL I INS OF DOLLARS)

INCREASES OF

DECLINES OF

TOTAL DEPOSITS 2/
5%
AND
OVER

3
TO
4S

4
TO
51

1%
AND
LESS

1
TO

2
TO
3%

2%

NO
CHANGE

1%

AND
UNDER

5%
AND
OVER

4
TO
5%

3
TO
4%

2
TO
3%

1
TO
2%

ALL bANKS ISSUING
CD'S

4

4

11

22

39

78

10

46

26

7

5

4

5

UNDER 2 CO

1

1

2

4

12

26

3

17

11

3

3

2

4

200 - 500

1

1

1

6

7

24

5

21

11

3

2

1

1

500 - 1000

1

1

3

4

11

17

2

7

3

I

0

1

0

OVER

1

1

5

8

9

11

0

1

I

0

0

0

0

PR IME IN NEW YORK 3/

0

0

4

2

1

0

0

0

0

0

0

0

0

PRIME HUTS IDE NEW YORK 3/

1

0

1

2

3

5

0

0

0

0

0

0

0

NONPRIME

0

1

0

4

5

6

0

1

1

0

0

0

0

10CC

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING 6ANKS.
2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONCITION ON DECEMBER
3/

PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

NOTE-




31t 1965.

DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITSt INCLUDING
INTE R 3 A NK AND U.S. GOVERNMENT DEPOSITS.

TABLE 6A
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 28 MAY 1969
(AMOUNTS IN MILLIONS OF DOLLARS)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

6.5

1.9

8.0

36.3

57.1

569.2

106.5

57.8

113.1

335.0

817.4

137.0

420.2

59.9

51.3

110.0

365.8

689.1

47.6

65.0

280.7

47.2

29.8

97.6

154.9

404.1

114.1

72.0

57.5

229.6

47.0

23.9

45.3

122.9

296.8

34.4

89.5

54.9

68.2

170.8

31.5

20.0

60.0

116.1

363.7

246.4

33.6

67.9

32.1

48.3

130. 8

39.4

10.7

34.5

71.6

195.5

69.1

185.0

14.9

46.2

13.3

22.8

67.5

30.2

6.1

13.3

52.4

92.0

537.7

22.6

134.0

21.5

51.9

6.8

20.3

58.2

12.5

3.9

9.3

61.1

135.6

FEB

280.5

10.7

61.3

11.1

26.6

11.0

14.1

38.8

5.6

2.3

5.1

14.3

79.6

MAR

246.9

10.5

54.9

6.6

19.1

5.8

5.7

41.0

4.2

0.4

5.7

31.3

61.7

APR

293.7

9.9

97.4

7.1

34.8

6.6

4.3

30.4

13.1

0.4

6.6

20.6

63.5

"AY

175. 3

5.0

46 .0

10.4

11.5

2.9

7.2

21.6

4.9

0.4

2.5

21.3

41,6

J UN OR LATER

392.0

14.6

52.4

12.8

195.8

9.3

10.7

36.6

7.4

5.0

0.2

16.0

31.2

16971.0

1052.1

4894.0

508.2

1375.9

491.3

629.5

2130.5

415.9

213.9

511.2

1419.6

3328.9

AVERAGE MATURITY
IN MONTHS 2/

3.2

2.9

2.8

3.2

4.5

3.1

3*2

3.1

3.5

2.7

2.9

3.1

3.2

NUMBER OF REPORTING
BANK S

263

18

49

10

16

16

23

36

11

5

21

25

33

ALL
DI STRICTS

BnSTnN

259.2

18.4

J UN

4721.6

JUL

CD'S MATURING IN

RICHMOND ATLANTA

PHILADELPHIA

CLEVELAND

54.0

6.7

13.6

15.3

5.3

342.3

1670.4

160.2

265.0

121.6

163.1

3374.9

175.4

909.5

92.1

272.5

92.1

AUG

2083.0

107.4

634.1

47.2

167.4

SEP

1616.0

107.0

450.3

49.6

OCT

1410.8

103.4

298.3

NOV

967.6

56.8

DFC

612.8

1970 JAN

1969 MAY 28--MAY 31

TOTAL *

NEW
YORK

CHICAGO
35. 1

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
2/ SEE TECHNIC AL AP? c \ ,r MX 8.
* DETAILS MAY NOT All TO TQTALS DUE TO ROUNDING.




TABLE 6B
1/
2/
SALES CF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 28 MAY 1969
(AMOUNTS
CD'S MATURING

IN

IN MILLIONS OF DOLLARS)

ALL
01 s -

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND
ATLANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

TRICTS

BOSTON

1969 J UN

780.7

57.5

230.3

31.5

42.8

20.8

23.5

68. 8

6.8

5.2

23.6

104*4

165.5

JUL

237.0

14.4

57.4

9.7

13.8

6.4

16.4

24.0

3.2

0.7

7,7

21.4

61,9

AUG

543.2

38.4

173.2

13.5

25.3

18.5

18.4

52.8

11.1

7.3

32.3

33.6

118.8

SEP

67.0

4.5

20.7

2.6

6.3

3.2

5.3

3.5

4.9

0.5

0.2

1,6

13.7

OCT

116.6

5.4

23.4

3.5

7.8

6.6

6.7

16.0

2.8

2.8

2.4

7.0

32.2

NOV

561.6

24.6

137.5

24.1

25.4

22.2

35.9

66.2

29.4

8.3

29.2

54,6

104.2

DEC

98.0

4.9

37.7

0.7

4.9

0.3

1.6

11.7

3.6

1.0

4.3

4.1

23.2

1970 JAN

29.9

0.8

6.3

0.8

0.5

0.9

0.4

5.1

1.8

0.4

0.3

7,6.

5.0

FEB

14.8

1.3

2.0

1.3

0.4

1.4

0.2

2.0

1.1

0.5

1.6

0.3

2.7

MAR

12.7

1.0

1.4

0.3

0.5

1.6

1.9

2.5

1.1

0.0

0.0

0.2

2.2

APR

23.0

1.9

5.7

0.7

0.5

1.3

0.1

1.3

5.3

0.0

0.0

0.5

5.7

146.0

4.7

46.5

7.9

3.6

4.6

9.0

14.8

7.1

0.4

2.5

18.3

26.6

2630.5

159.4

742.1

96.6

131.8

87.8

119.4

268.7

7 8.2

27.1

104.1

253.6

561.7

3.5

2.9

3.4

3.6

3.0

3.8

4.0

3.7

5.4

3.7

3.4

3.2

3.3

MAY

TOTAL

OR

LATFD

*

AVERAGE MATURITY
IN MONTHS 3/
1/ SEE TECHNICAL APPENDIX A.
2/

INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINAT ICNS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.

3/ SEE TECHNICAL APPENDIX 8.
* DETAILS MAY NOT ADO




TO TOTALS DUE TO ROUNDING.

T AffilF 6C
T
MATURITY DISTRimiTION OF OmTSTMIBlW NE©0)TMfflLE ITIME CBRWlFECSTiES G F BEPII1S11 1/
I
M MEBKILV BBFWTEfWS O/WWCS
WW FEDERAL FRES0BWE BBISTIEIEW
m OF

2®

mww I%<I

IFEECEOTSGE EESimimumEmmm
co'S

maturing

in

1969 MAY 2 -MAY 31
8
JUN

all
01

MMc
sMEM P I f - C1EWETRICTS BOSTON! YORK OELimiS u_m#
1.5
27.8

1.7
32.5

1.1

34.1

1.3
31.5

1 .D
C
E93
<.

fiRnraAiLWO
llAT

OitE
OBD
MB

(D®
3.
25.S

1.6
26. ir

21.®

3.E
24.®
1

S T EEMME- K l S K
I.
illS
i i
UGBHE$ A W I E CI Fr BWUB
k HLS

sue

FRWeisce

l.T

25.6

®-S
2W.®

22.1

23.6

ELF
97

1%.%

24.®

21.5

25.®

1S.1

1®.S

S.S

«.¥

12-1
#.#

9L4

11.T

0.2

1S.S

1.6

1.6

2.6

24.6

JUL
AUC

19.9

16.7

18.6

1B.1

1?®
9.

Hf, 7
f. f

12.3

10.2

13.0

9.3

12.2

9.7

ED3
G-

13.2

11.3

13.#

SEP

9.5

9.2

9.0

41
ffi.3 1 . F

9.
P1

1®.®

8.3

6.1

6.®

11.2

8G
UD

NOV

5.7

5.4

5.0

6.6

6.5
49
.?

11.3
T.
f6

11.2

OCT

10.Z
9.8

6.5

W.W

6.1

#.5

5.®

6T
.F

5.0

5.S

• EC

3.6

6.6

3.8

2.9

3.4

2T
.T

3.6

3.2

T.
T3

2.#

2.S

3i
.r

Z.S

1970 JAN

3.2

2.1

2.7

4.2

3.®

1.4

3.2

2.?

3.®

l.S

1.S -

4.3

4.1

FEB

1.7

1.0

1.3

2.2

l.S

2.2

2.2

1«E

1.3

1.1

1.®

I.®

2.4

MAR
AR
P

1.5

1.1
2.0

1.3

($.<$

t.S

i.®

<W
S2

1.1

2.2

l.S

1.4

1.4
2.5

1.2

1.7

1.0
0.8

1.3

®.W

1.4

3.1

®.2

1.3

1.5

l.S

MAY

1.0

0.5

0.9

2.0

C.@
D

0.
56

1.1

1.®

1.2

®.2

6.5

1.5

1.2

R
JUN O LATER

2.3

1.4

1.1

2.5

l.TT

l.¥

1.®

2.3

0.8

l . l

®.S

100.9

100.0

1X1®
03.

Ifd®
fl.

1M.O

TOTAL *

1/ INCLUDES ONLY C E R T I F I C A T E S




ISSUED

IN

100.0

10# . 0

14.2
1@
® .
@

1.9
18
(#

1®.®

1®®.®

IS®.®

DE&OWI WAT I CMS OF $ 100# @ 0 # OR? W O R E BY W E E K I Y

R f J Y f C BSWS*
EWWIl

1@®.@

ifliJ

TABLE 60
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF D E P O S I T 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 28 MAY 1969
(CUMULATIVE PERCENTAGE)
C D ' S MATURING

IN

ALL
01 S TRTCTS

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

BfSTCN

1.5

1.7

1.6

1.6

0.9

1.6

2.6

1.7

J UN

29.3

26.7

28.3

27.2

27.9

23.7

26.2

26.3

JUL

46.6

48.5

48.0

41.6

51.9

45.2

52.0

47.0

52.3

56.3

58.8

61.2

52.9

65.8

64.3

62.9

59.1

70.0

60.6

71.0

67.9

72.0

64.2

77.0

73.2

71.6

68.0

92.1

76.8

67.1

82.2

78.7

80.0

71.8

86.4

84.9

79.8

78.9

86.5

87.1

83.4

72.0

88.7

86.4

86.1

81.3

91.4

91.6

84.8

84.8

88.6

93.1

90.9

86.3

75.4

91.4

90.0

89.3

88.6

94.3

94.2

88.5

87.6

JAN

91.8

95.2

93.6

90.5

79.2

92.8

93.2

92.0

91.6

96.1

96.0

92.8

91.7

FEB

33.5

96.2

94.9

92.7

81.1

95.0

95.4

93. 8

92.9

97.2

97.0

93.8

94.1

MAR

95.0

97.2

96.0

94.0

82.5

96.2

96.3

95.7

93.9

97.4

98.1

96.0

96.0

APR

96. 7

98.0

98.0

95.4

85.0

97.5

97.0

97.1

97.0

97.6

99.4

97.5

97.9

MAY

97. 7

98.5

98.9

97.4

85.8

98.1

98.1

98.1

98.2

97.8

99.9

99.0

99.1

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

PHILADELPHIA

CL EVELAND

1.1

1.3

1.0

3.1

0.8

34.2

35.2

32.8

20.3

27.9

49. 2

50.9

53.8

50.9

40.1

AUG

61.5

61.1

66.8

60.2

SEP

71.0

71.3

76.0

r C
» T

79.3

81.1

NOV

85.0

DEC

MAY

29--MAY 31

J UN OR LATER

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




NEW
YORK

RICHMONO
ATLANTA

CHICAGO

ISSUED IN DENOMINAT ICNS OF $100,000 OR MORE BY WEEKLY REPORTING B A N K S .

TABLE 6E
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 28 MAY 1969
(PERCENTAGE DISTRIBUTION)
CD 1 S MATURING IN

ALL
DI STRICTS

BOSTON

1969 J UN

29.7

36.1

JUL

9.0

AUG

ST.
LOUI S

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

25.6

8.7

19.2

22.7

41.2

29.5

13.7

8.9

4.1

2.6

7,4

8.4

11.0

21.1

15.4

19.7

14.2

26.9

31.0

13.2

21.2

4.8

3.6

4.4

1.3

6.3

1.8

0.2

0.6

2.4

3.6

5.9

7.5

5.6

6.0

3.6

10.3

2.3

2.8

5.7

18.5

24.9

19.3

25.3

30.1

24.6

37.6

30.6

28.0

21.5

18.6

3.1

5.1

0.7

3.7

0.3

1.3

4.4

4.6

3.7

4.1

1.6

4.1

1.1

0.5

0.8

0.8

0.4

1.0

0.3

1.9

2.3

1.5

0.3

3.0

0.9

FEB

0.6

0.8

0.3

1.3

0.3

1.6

0.2

0.7

1.4

1.8

1-5

0.1

0.5

MAR

0.5

0.6

0.2

0.3

0.4

1.8

1.6

0.9

1.4

0.0

0.0

0.1

0.4

APR

0.9

1.2

0.8

0.7

0.4

1.5

0.1

0.5

6.8

0.0

0.0

0.2

1.0

MAY OR LATER

5.6

2.9

6.3

8.2

2.7

5.2

7.5

5.5

9.1

1.5

2.4

7.2

4.7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

PHILADELPHIA

CLEVELAND

31.0

32.6

32.5

23.7

19.7

9.0

7.7

10.0

10.5

7.3

20.7

24.1

23.3

14.0

19.2

SEP

2.5

2.8

2.8

2.7

OCT

4.4

3.4

3.2

NOV

21.3

15.4

DEC

3.7

1970 JAN

TOTAL

*

NEW
YORK

RICHMOND
ATLANTA

CHICAGO

1/ SEE TECHNICAL APPENDIX A.
2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINAT ICNS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.
* DETAILS MAY NOT ADO TO TOTALS DUE TO ROUNDING.




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 regulation's 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 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.




4 * +1

Technical Note B (continued)

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

While it appears more logical to

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

If the assumption is made that all CD's

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

As a result, the average maturity of sales is

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

Thus, large changes in

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