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June 24, 1975 L.4.1 CONFIDENTIAL (FR) SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE WEEKLY REPORTING BANKS as of May 28, 1975 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 D I S T R I B U T I O N O F OUTSTANDING NEGOTIABLE 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 REPORTING B A N K S AS OF 28 MAY 1975 C D ' S M A T U R I N G IN 1975 M A Y 2 9 - 31 AMOUNT FMILLIONS OF DOLLARS) PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE SALES SINCE PREVIOUS MONTH 2 / (MILLIONS OF D O L L A R S ) 3,424.8 4.1 4.1 JUNE 27,719.3 33.2 37.3 10,657.5 JULY 17,211.8 20.6 57.9 4,279.6 AUGUST 10,262.9 12.3 70.2 3,812.0 SEPTEMBER 6,126.2 7.3 77.5 1,381,0 OCTOBER 5,077.7 6.1 83.6 772.8 NOVEMBER 4,174.9 5.0 88.6 2,983.3 DECEMBER 1,444.3 1.7 90.3 373.0 2,110.1 2.5 92.8 286.9 FEBRUARY 1,581.8 1.9 94.7 352.8 MARCH 1,069.8 1.3 96.0 53.7 APRIL 762.3 .9 96.9 134.3 MAY 726.5 .9 97.8 834.0 3/ 1,741.6 2.1 100.0 XXX 83,433.8 100.0 XXX 25,921.0 1976 J A N U A R Y OVER 12 M O N T H S TOTAL (MEMORANDUM: J U N E 10 J U N E 16 1,327.5 3,037.8 TAX AND D I V I D E N D M A T U R I T I E S ) 1.6 3.6 XXX XXX 347.2 1,215.9 1/ INCLUDES O N L Y 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 MORE ISSUED BY W E E K L Y REPORTING B A N K S . 2/ SEE T E C H N I C A L A P P E N D I X A . 3/ SALES OF CD'S M A T U R I N G AFTER 11 M O N T H S . TABLE 2A 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 DEPOSIT AT NEW YORK C I T Y , C H I C A G O , A N D ALL OTHER WEEKLY REPORTING BANKS A S OF 28 M A Y 1975 (IN M I L L I O N S OF D O L L A R S ) N E W YORK C I T Y C D ' S M A T U R I N G IN 1975 M A Y 2 9 - M A Y 31 AMOUNT ALL OTHER WEEKLY REPORTING B A N K S CHICAGO SALES SINCE P R E V I O U S M O N T H 2/ 1,236.6 .0 JUNE 8,673.4 JULY 6,245.4 AUGUST AMOUNT SALES SINCE P R E V I O U S MONTH 2 / AMOUNT SALES SINCE P R E V I O U S MONTH 3 ^ 350.2 .0 1,838.0 .0 2,265.1 2,625.0 1,033.2 16,420.9 7,359.2 899.7 2,251.2 1,087.3 8,715.2 2,292.6 3,799.7 1,188.3 903.1 425.5 5,560.0 2,198.1 70.3 3,355.7 740.7 SEPTEMBER 2,397.5 569.9 373.0 OCTOBER 1,894.2 281.6 459.3 56.5 2,724.1 434.5 NOVEMBER 1,964.9 1,672.4 239.7 107.3 1,970.3 1,203.7 DECEMBER 381.6 170.6 04.5 20.6 968.2 181.8 1976 JANUARY 597.4 24.9 473.5 24.2 1,039.2 237.9 213.7 53.3 387.2 85.3 981.0 214.3 MARCH 69.7 6.6 192.8 2.1 787.3 APRIL 119.3 4.1 91.3 9.8 551.7 120.4 553.2 603.4 /3 FEBRUARY MAY 56.9 O V E R 12 M O N T H S TOTAL • 116.1 / 3 681.2 28,351.5 NUMBER OF R E P O R T I N G B A N K S 38.5 XXX 1,021.9 XXX 7,252.6 8,595.6 3,036.6 46,486.7 15,631.7 12 548.0 969.1 114.5 /3 XXX 12 (MEMORANDUMS J U N E 10 J U N E 16 116.3 99.0 316.3 222 TAX A N D D I V I D E N D M A T U R I T I E S ) 132.0 254.7 73.0 69.5 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 IN D E N O M I N A T I O N 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/ S E E T E C H N I C A L APPENDIX A . 1 / 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 , * T O T A L S M A Y N O T ADD DUE TO R O U N D I N G . 647.5 1,814.0 175.2 830.1 TABLE 28 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 DEPOSIT A T N E W Y O R K C I T Y , C H I C A G O , A N D ALL OTHER WEEKLY REPORTING BANKS AS OF 28 MAY 1975 AND 3 0 APR 1975 (PERCENTAGE D I S T R I B U T I O N ) NEW YORK CITY 28 M A Y 0-6 DAYS 2 / CHICAGO 30 APR 4.4 .0 28 MAY ALL OTHER 30 APR 28 MAY 30 APR 4.1 .0 4.0 .0 01 MONTHS 3 / 30.6 32.6 30.5 40.3 35.3 36.7 02 MONTHS 22.0 21.7 26.2 18.2 18.7 19.8 03 MONTHS 13,4 18.1 10.5 13.3 12.0 14.0 0 4 MONTHS 8.5 CO 4.3 5.5 7.2 7.3 05 MONTHS 6.7 6.2 5.3 3.5 5.9 5.7 06 MONTHS 6.9 5.5 2.8 4.6 4.2 5.0 0 7 MONTHS 1.3 1.0 1.1 1.5 2.1 1.7 08 MONTHS 2.1 .7 5.5 .8 2.2 1.7 0 9 MONTHS .8 1.9 4.5 5.1 2.1 1.7 10 MONTHS .3 .5 2.2 3.5 1.7 1.7 11 M O N T H S .4 .3 1.1 2.2 1.2 1.6 12 M O N T H S .2 •4 1.4 .9 1.2 .9 O V E N 12 M O N T H S TOTAL # 2.4 2.1 .4 .5 2.2 2.1 100.0 100.0 100.0 100.0 100.0 100.0 1 / I N C L U D E S ONLY 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 MORE ISSUED BY W E E K L Y REPORTING BANKS. Zi NUMBER OF D A Y S R E M A I N I N G IN SURVEY M O N T H . THIS PERIOD V A R I E S WITH THE NUMBER OF DAYS F O L L O W I N G 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 OF M O N T H S F O L L O W I N G THE SURVEY M O N T H . * T O T A L S M A Y N O T A D D DUE T O R O U N D I N G . 1 TABLE 2C 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 DEPOSIT AT N E W Y O R K C I T Y , C H I C A G O , A N D ALL OTHER WEEKLY R E P O R T I N G BANKS AS OF 2 8 M A Y 1975 A N D 3 0 APR 1975 (CUMULATIVE D I S T R I B U T I O N ) CD'S MATURING IN NEW YORK CITY 26 MAY CHICAGO 30 APR 28 MAY ALL OTHER 30 APR 28 MAY 30 APR 4,4 .0 4,1 ,0 4.0 .0 01 MONTHS 3/ 39,0 32,6 34,6 40,3 39.3 36.7 02 MONTHS 57.0 54,3 60,8 58,5 58.0 56.5 03 MONTHS 70,4 72.4 71,3 71,8 70.0 70.5 04 MONTHS 76.9 81.3 75,6 77,3 77.2 77.8 05 MONTHS 85.6 87.5 80.9 80,8 83.1 83.5 06 MONTHS 92.5 93,0 83,7 85.4 87.3 88.5 07 MONTHS 93.8 94,0 64,6 86.9 89.4 90.2 06 MONTHS 95.9 94,7 90,3 87,7 91.6 91,9 09 MONTHS 96.7 96,6 94,8 92,8 93.7 93.6 10 MONTHS 97,0 97.1 97.0 96,3 95.4 95.3 11 MONTHS 97.4 97,4 98,1 98,5 96.6 96.9 12 MONTHS 97.6 97.8 99.5 99,4 97.8 97.8 100,0 100,0 100,0 100.0 100.0 100,0 0-6 DAYS 2/ OVER 12 MONTHS 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 IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y REPORTING BANKS* 2 / NUMBER OF D A Y S R E M A I N I N G IN SURVEY M O N T H . T H I S PERIOD V A R I E S WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3 / NUMBER OF M O N T H S F O L L O W I N G THE S U R V E Y M O N T H , TASTL 3A 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 DEPOSIT AT W E E K L Y R E P O R T I N G BANKS BY SIZE OF BANKS 2/ A S OF 28 M A Y 1975 I A M O U N T S IN M I L L I O N S OF D O L L A R S ) 1/ $1 BILLION AND OVER $200 M I L L I O N TO MILLION $500 MILLION TO $1 BILLION 3,424.7 198.8 418.7 424.2 JUNE 27,7:9.2 1,668.4 3,405.0 JULY 17,211.7 763.3 AUGUST 1975 M A Y TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 2,383.0 1,153.6 846.6 382.8 4,382,5 18,263.3 8,157.7 6,983.1 3,122.5 1,609.5 2,294.8 12,544.1 6,012.7 4,814.4 1,717.0 992.6 1,260.6 7,543.4 3,686.7 3,069.8 786.9 NON-PRIME 246.7 618.2 776.1 4,485.2 2,324.7 1,582.2 578.3L OCTOBER 5,077.6 130.7 393.3 680.5 3,873.1 1,847.7 1,564.5 460 NOVEMBER 4,174.9 130.2 346.1 551.7 3,146.9 1,905.5 977.0 264.4 DECEMBER 1,444.4 45.2 116.7 230.3 1,052.2 369.6 504.4 178.2 236.5 < 466.2 6,126.2 I 10,262.6 SEPTEMBER 2,110.1 57.9 131.4 199.4 1,721.4 563.4 921.5 FEBRUARY 1,581.8 45.4 113.6 175.2 1,247.6 211.7 914.6 121.3 MARCH 1,069.8 50.7 85.5 134.6 799.0 74.5 620.8 103.7 APRIL 762.2 53.8 68.5 550.6 117.9 381.7 51.0 MAY 726.4 40.2 69.6 141.6 475*0 46.9 352.1 76.0 1,741.5 85.4 101.7 195.4 1,359.0 612.6 608 .6 137.8 83,433.3 3,982.9 8,470.4 11,536.2 59,443.8 27,085.2 24,141.3 8,217.3 JUNE OR L A T E R TOTAL * l ntnUKAriUUW * JUNE 10 1,327.4 55.7 16 3,037.8 184.0 JUNE PRIME 3/ 00 1976 29-31 TOTAL * 8 $200 MILLION AND UNDER G O ' S M A T U R I N G IN iu uiviucniu n* lurw 11 co f 81 999.1 539.6 349.1 110.4 320.7 435.9 2,097.2 906.2 807.7 383.3 7 12 18 78 50 37 1/ 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 $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING B A N K S . 2 / TOTAL 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 DECEMBER 31, 1 9 6 5 . 3/ PRIME 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 HIGHEST Q U A L I T Y AND WHICH 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 SECONDARY M A R K E T . Digitized FRASER * for TOTALS M A Y N O T ADD DUE TO R O U N D I N G . f 148.7 1 . in bOrr o He ii ric d—a hi/ c i 1u nc ti r« vn iD \na 11 ni is NUMBER BANKS# 246 — 123.9 I •TABLE 3B SALES /I/ O F NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2 / AT WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 3 / AS OF 28 MAY 1975 I AMOUNTS IN MILLIONS OF D O L L A R S ) SI BILLION AND OVER C D * S M A T U R I N G IN 1975 M A Y TOTAL $200 MILLION A N D UNDER PRIME 4/ TOTAL OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY JUNE 10,657.5 857.6 1,570.6 2,014.5 6,214.8 2,070.4 2,782.4 1,362.0 JULY 4,279.4 234.8 497.5 737.5 2,809.6 844.4 1,495.3 469.9 AUGUST 3,812.0 237.2 479.2 613.9 2,481.7 1,133.1 1,023.0 325.6 SEPTEMBER 1,381.0 66.2 149.3 223.1 942.4 554.1 247.9 140.4 772.7 22.5 52.4 108.0 589.8 273.2 202.1 114.5 NOVEMBER 2,983.3 88.4 191.7 394.6 2,308.6 1,622.0 521.3 165.3 DECEMBER 373.1 3.9 16.2 51.5 301.5 169.0 102.8 29.7 JANUARY 287.0 10.8 12.3 21.2 242.7 23.7 199.5 19.5 FEBRUARY 352.8 4.4 14.7 25.4 308.3 51.7 237.4 19.2 MARCH 53.8 0.6 5.7 51.0 3.9 44.2 z APRIL 134.3 6.2 8.6 19.2 100.3 3.3 87.8 9.1 834,0 42.1 61.9 151.1 578.9 104.4 417.5 57.0 25,920.9 1,574.7 3,060.1 4,356.5 16,929.6 6,853.2 7,361.2 2,715 .2 MAY OR LATER TOTAL * — JUNE 10 JUNE 16 347.2 1,216.0 (MEMORANDUM 10.6 116.7 — 246 * $500 MILLION TO $1 BILLION 29-3: OCTOBER 1/ 2/ 3/ 4/ $200 MILLION TO $500 M I L L I O N 3.5- 'k TAX AND DIVIDEND M A T U R I T I E S ) 33.8 12.9 289.9 97.3 172.1 20.5 156.9 219.2 723.2 301.8 244.1 177.3 12 18 I MEMORANDUM: 81 76 NUMBER OF B A N K S ) — — — — 50 37 SEE TECHNICAL APPENDIX A . INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S . TOTAL DEPOSITS AS R E P O R T E D IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. PRIME B A N K S ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED 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 M A R K E T . TOTALS M A Y NOT ADD DUE TO R O U N D I N G . 1 TABLE 3C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 28 MAY 1975 PERCENTAGE DISTRIBUTION $1 BILLION AND> OVER TOTAL $200 MILLION TO $500 MILLION PRIME 3/ $500 MILLION TO SI BILLION TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY N0N-PRI1 1 j ! CD'S MATURING IN *200 MILLION AND UNDER 29-31 4.3 3.5 4.7 30.7 30.1 28.9 38.0 21.1 22.2 19.9 20.9 10.9 12.7 13.6 12.7 9.6 6.7 7.5 8.6 6.6 7.0 5.6 4.1 5.0 4.9 JUNE 33.2 41.9 40.2 38.0 JULY 20.6 19.2 19.0 19.9 AUGUST 12.3 11.7 11.7 7.3 6.2 7.3 SEPTEMBER 3.7 * 1975 MAY OCTOBER 6.1 3.3 4.6 5.9 6.5 6.8 6.5 NOVEMBER 5.0 3.3 4.1 4.8 5.3 7.0 4.0 3.2 DECEMBER 1.7 1.1 1.4 2.0 1.8 1.4 2.1 2.2 2.5 1.5 1.6 1.7 2.9 2.1 3.8 2.9 1.9 1.1 1.3 1.5 2.1 0.8 3.8 1.5 1976 JANUARY FEBRUARY MARCH 1.3 1.3 l.C 1.2 1.3 0.3 2.6 1.3 APRIL 0.9 1.4 0.8 0.8 0.9 0.4 1.6 0.6 MAY 0.9 1.0 0.8 1.2 0.8 0.2 1.5 0.9 1.7 2.3 2.3 2.5 100.0 100.0 100.0 100.0 JUNE OR LATER TOTAL * 2.1 2.1 1.2 100.0 100.0 100.0 (MEMORANDUM: 1.7 100.0 TAX AND DIVIDEND MATURITIES) JUNE 10 1.6 1.4 1.5 1.3 1.7 2.0 1.4 1.3 JUNE 16 3.6 4.6 3.8 3.8 3.5 3.3 3.3 4.7 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 ARE REPORTED AY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. * TOTALS MAV NOT ADD DUE TO ROUNDING. M A T U R I T Y D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ A T WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 2/ A S OF 28 MAY 1975 CUMULATIVE PERCENTAGE TABLE 3 0 $1 BILLION AND OVER C O * S M A T U R I N G IN TOTAL $200 MILLION AND UNDER $ 2 0 0 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION PRIME 3/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIMAL 4,1 5.0 4.9 3.7 4.0 4.3 3.5 4.7 JUNE 37.3 46.9 45.1 41.7 34.7 34.4 32.4 42.7 JULY 57.9 66.1 64.1 61.6 55.8 56.6 52.3 63.6 AUGUST 70.2 77.8 75.8 72.5 68.5 70.2 65.0 73.2 SEPTEMBER 77.5 84.0 83.1 79.2 76.0 78.8 71.6 80.2 OCTOBER B3.6 87.3 87.7 85.1 82.5 85.6 78.1 85.8 NOVEMBER 88.6 90.6 91.R 89.9 87.6 92.6 82.1 89.0 DECEMBER 90.3 91.7 93.2 91.9 89.6 94.0 84.2 91.2 92.8 93.2 94.8 93.6 92.5 96.1 88.0 94.1 FEBRUARY 94.7 94.3 96.1 95.1 94.6 96.9 91.8 9 5 . 6 ^ MARC* 96.0 95.6 97.1 96.3 95.9 97.2 94.4 96.9^^ APRIL 96.9 97.0 97.9 97.1 96.8 97.6 96.0 97.5 MAY 97.8 98.0 98.7 98.3 97.6 97.8 97.5 98.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 H I ! MAY 29-31 1976 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 D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS 2 / TOTAL D E P O S I T S AS R E P O R T E D IN THE C A L L REPORT OF CONDITION ON DECEMBER 31. 1 9 6 5 . S Z PRIME B A N K S ARE THOSE W H O S E 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 HIGHEST QUALITY AND WHICH 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 SECONDARY M A R K E T . TABLE SI SALES /I/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 26 NAY 1*75 PERCENTAGE DISTRIBUTION SI BILLION AND OVER c o n M A T U R I N G in lets HAY TOTAL §200 MILLION AND UNDER #200 MILLION TO $500 MILLION $500 MILLION TO SI BILLION TOTAL 46.2 OUTSIDE NEW YORK CITY NON-PRIME 36.7 30.2 37.8 50.2 JUNE *1.1 54.5 51.3 JULY U«l 14,4 16.3 16.9 16.6 12.3 20.3 17.3 AUGUST 14.7 15.1 15.7 14.1 14.7 16.5 13.9 12.0 SEPTEMBER 5.3 4.2 4.O 5.1 5.6 8.1 3.4 OCTOBER 3.0 1.4 1.7 2.5 3.1 4.0 2.7 :::< HOVEH6E* 11.5 5.6 6.3 9.1 13.6 23.7 7.1 6.1 DECEMBER 1.4 0.2 0.5 1.2 i.e 2.5 1.4 1.1 1.1 0.7 0.4 0.5 1 .4 0.3 2.7 0.7 0.8 3.2 0.7 FEBRUARY 1.4 0.3 0.5 0.6 1.8 MAftCN 0.2 0.0 0.2 0.1- 0.3 0.1 e.s 0.4 0.3 0.4 0.6 0.1 0.0 0.6 A W It 1.2 0.3 WAV OA LATE* 3.2 2.7 2.0 3.5 3.4 1.5 5.7 2.1 100.0 100.0 100.0 100.0 torn » 100.0 100.0 100.0 IMEMORANDUM: 100.0 TAX AND DIVIDEND MATURITIES) 10 1.3 0.7 1.1 0.3 1.7 1.4 2.3 0.8^ i* 4.7 7.4 5.1 5.0 4.3 4.4 3.3 6.5 -— 246 $ NEW YORK CITY tt-SI I9T6 J A N U A R Y 1/ 2/ 1/ 4/ PRIME 4/ <MEMORANDUM: 81 78 NUMBER OF BANKS) 50 37 12 SEE TECHNICAL APPEND!* A. INCLUDES CERTIFICATES IN DENOMINATIONS OF §100,000 OR MORE ISSUED Bv WEEKLY REPORTING BANKS. TOTAL DEPOSITS AS REPORTED IN THE t ALL REPORT OF CONDITION ON DECEMBER 31, 1965. PRIME BANKS ARE THOSE WN0$| NEGOTIABLE CERTIFICATES OF DEPOSIT APE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE MlTWM 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. T O T A L S M A Y N O T Aim DUE to R O U N D I N G . 18 TABU 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIKE CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES U N MONTHS I BANK CLASSIFICATION — DATE OF SURVEY 26 MAY 1*75 30 APR 1975 26 MAR 1975 IBY LOCATION) ALL REPORTING BANKS 2.7 2 .6 2.5 NEW YORK CITY 2.6 2.5 2.4 CHICAGO 2.9 2.7 2,6 OTHER 2.8 2.7 2.6 ISSUING CD'S fBY SIZE OF BANK) 2/ UNDER $200 MILLION 2.4 2.3 2.3 $200-$*00 MILLION 2.3 2.4 2.2 SSOO-SltOOe MILLION 2.6 2.8 2.5 2.3 2.7 2.6 PRIME IN NEW YORK CITY 3/ 2,6 2.5 2.4 PRIME OUTSIDE NEW YORK CITY 3/ 3.2 3.0 2.9 NON-PRIME 2.5 2.5 2.6 OVER SI BILLION 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. tf TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. %i WMJUt BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPfWtfP BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. TABLE 46 AVERAGE MATURITY OF N E G O T I A B L E TINE C E R T I F I C A T E S OF D E P O S I T 1/ SOLO BY W E E K L Y R E P O R T I N G BANKS D U R I N G THE M O N T H OF V A R I O U S S U R V E Y S UN MONTHS! DATE OF SURVEY BANK C L A S S I F I C A T I O N 28 MAY 1975 3 0 APR 1975 26 MAR 1975 IBY LOCATION 1 ALL R E P O R T I N G B A N K S 2.6 2.3 2.5 N E W YORK C I T Y 3,0 2.5 2.6 CHICAGO 2.3 2.1 2.5 OTHER 2.5 2.2 2.5 ISSUING C D ' S (BY SIZE OF B A N K ) 2 / UNDER S 2 0 0 M I L L I O N 1.9 1.8 2.2 S200-S500 MILLION 2.0 1.9 2.2 SS00~S1,000 MILLION 2.3 2.1 2.2 OVER SI B I L L I O N 2.9 2.4 2.7 PRIME IN N F W YORK C I T Y 3/ 3.0 2.6 2.6 PRIME O U T S I D E N E W YORK CITY 3/ 3.0 2.4 2.8 NON-PRIME 2.1 1.8 2.4 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 S 1 0 0 . 0 0 0 OR MORE 2/ 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, 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS T 0 TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. N O T E — S E E TECHNICAL APPENDIX 8 . ISSUED BY WEEKLY R E P O R T I N G B A N K S . 1965. TABLE 5A RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES fPER CENT) DATE OF SURVEY TOTAL DEPOSITS 2/ U N MILLIONS OF DOLLARS) 28 MAY 1975 30 APR 1975 26 MAR 1975 ALL BANKS ISSUING CD'S 23.3 23.4 25.1 UNDER 200 15.4 15.0 16.1 200 - 500 18.4 18.2 19.8 500 - 1000 18.7 18.1 19.3 OVER 1000 26.5 26.8 28.7 PRIME IN NEW YORK 3/ 31.0 31.4 32.7 PRIME OUTSIDE NEW YORK 3/ 24.7 25.0 27.7 NONPRIME 20.9 20.8 22.1 I/ 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 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 4B AVERAGE MATURITY OF NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T 1/ SOLO BY W E E K L Y R E P O R T I N G BANKS D U R I N G THE M O N T H OF V A R I O U S S U R V E Y S I IN MONTHSI DATE OF SURVEY BANK C L A S S IF IC AT I O N 26 MAY 1975 3 0 APR 1975 26 MAR 1975 IBY LOCATIONI ALL R E P O R T I N G B A N K S ISSUING C D ' S 2.6 2.3 2.5 N E W YORK CITY 3.0 2.5 2.6 CHICAGO 2.3 2.1 2.5 OTHER 2.< 2.2 2.5 IBY SIZE OF B A N K ! 2 / UNDER §200 MILLION 1.9 1.8 2.2 S200-SS00 MILLION 2.0 1.9 2.2 *$00-*I9000 MILLION 2.3 2,1 2.2 OVER SI B I L L I O N 2.9 2.4 2.7 P R I M E IN N E W YORK C I T Y 3 / 3.0 2.6 2.6 PRIME O U T S I D E N E W YORK CITY 3/ 3.0 2.4 2.8 NON-PRIME 2.1 1.8 2.4 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN Ts#F CALL REPORT OF CONDITION ON DECEMBER 31, 1965. PRISE DANES ARE T**SE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WL?N1N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. l§0?§~~Sli http://fraser.stlouisfed.org/TECHNICAL APPENDIX B. Federal Reserve Bank of St. Louis TABLE 56 IUTIO OF 0UTSTAN0IN6 NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF ?B MAY 1975 INUMBER OF BANKS 1 TOTAL DEPOSITS 2/ IIH MILLIONS OF DOLLARS 1 m OR LESS % TO lot 10 TO 15% 15 TO 20% 20 TO 25% 25% OR MORE AVERAGE CD TO DEPOSIT RATIO (PER CENT) ALL •AWES ISSUING CD'S 31 17 51 35 48 60 23.3 O W E * ZOO 10 9 26 11 14 11 15.4 200 ~ §00 15 6 11 10 18 18 18.4 $00 - 1000 8 2 6 9 6 17 18.7 2 5 10 14 26.5 OVIR 1000 0 6 0 0 0 0 2 5 31.0 PtlHI OUTSIDE HEW YORK 3/ 0 0 0 4 4 4 24.7 mmmw§ 2 0 6 1 4 5 20.9 mint in MfN VO*K 3/ 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF SIOO,OOO OR MORE ISSUED BY WEEKLY REPORTING BANKS. TT TOTAL DEPOSITS AS 4 E M K T E 0 W TUT CALL REPORT OF CONDITION ON DECEMBER 31, 1965. J/ PRIME BANKS ARE THOSE WISE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH M E REPORTED BV 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 SC PER CENT CHANGE IN OUTSTANDING, NEGOTIABLE TIME CERTIFICATE OF DEPOSIT Z1 SO APR 1975 TO 28 MAY 1975 (NUMBER OF BANKS I fOIAL DEPOSITS ti I IN MILLIONS OF OOL L ARS I DECLINES OF EE DOC ED ; •' — «..•— NO CD'S TO 101 0* 5 TO 51 OR CHANGE ZERO MORE IDS LESS ALL BANKS ISSUING CO*S 17 24 65 INCREASES OF — ———————————— ——————— ISSUED CD'S BUT 5* OR 5 TO 10* OR HAD NONE OUTSTANDLESS lOf MORE ING ON BASE DATE 52 36 tfftfMER 100 1 A 9 20 2 16 13 17 0 200 - §00 I 7 6 16 5 20 12 12 0 $00 - 1000 0 3 3 14 1 8 8 13 0 OVER 1000 0 3 6 15 0 a 3 2 0 PRIME IN NEW TOES S/ 0 I I 5 0 0 0 0 0 PRIME OUTSIDE NEW YOR* 3/ 0 0 2 # 0 4 1 0 0 RMMPR1ME 0 2 3 5 0 4 2 2 0 1/ INCLUDES CERTIFICATES IN DC NOMINA H O N S OF #100,000 OR MORE ISSUED FY WEEKLY REPORTING BANKS. * / TOTAL DEPOSITS AS R E P O R T E D IN IME CALL REPORT OF CONDITION ON DECEMBER 31, 1965, 1/ PEINE B A N K S ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS !€» TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET, WOFI- fwE NUMBFR OF # A # K % IN #W%$ TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT M A O OUTSTANDING CD'S O N TWF LAST SURVEY R E D U C E D TMEIR OUTSTANDINGS TO ZERO ON THIS SURVEY. TABLE *D PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TINE CERTIFICATE OF DEPOSIT Z1 26 FEB 1975 TO 28 MAY 1975 (NUMBER OF BANKS I TOTAL DEPOSITS /2 U N MILLIONS OF DOLLARS! REDUCED — CD'S 25* TO OR ZERO MORE All BANKS ISSUING CO*S DECLINES OF 20 TO 25* 15 TO 20* 10 TO 15* INCREASE OF 5 TO 10* 5* OR LESS NO CHANGE 5* OR LESS 5 TO 10* 26 29 12 10 TO 15* 15 TO 20* 20 TO 25* 25* OR MORE ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE 27 11 15 38 24 32 1 s 3 7 11 7 10 1 11 8 3 2 1 9 0 200 — 500 1 12 4 5 13 6 10 2 5 8 6 2 1 4 0 §00 - 1000 0 3 3 2 7 4 7 0 7 8 1 1 1 6 0 OVER 1000 0 4 1 1 7 7 5 0 3 5 2 1 0 1 0 PRIME IN NEW YORK 3/ 0 0 0 1 0 3 1 0 0 1 1 0 0 0 0 PRIME OUTSIDE NEW YORK 3/ 0 I 0 0 3 3 3 0 0 2 0 0 0 0 0 NONPRIME 0 3 1 0 4 1 1 0 3 2 1 1 0 1 0 W O E * 200 20 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 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 EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. TABLE 5E CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 30 APR 1975 TO 28 MAY 1975 fNUMBER OF BANKS) TOTAL DEPOSITS 2/ U N MILLIONS OF DOLLARS 1 DECLINES OF 3* AND OVER 2 TO 3t 1 TO 2X INCREASES OF It AND LESS NO CHANGE 1% AND LESS 1 TO 2% 2 TO 3% 3% AND OVER ALL BANKS ISSUING CD'S 4 7 19 76 8 60 36 25 11 UNDER 200 1 2 7 23 2 19 11 11 5 200 - 500 1 2 4 22 5 24 11 7 2 500 - 1000 1 1 2 16 1 10 11 5 3 OVER 1000 1 2 6 15 0 7 3 2 1 PRIME IN NEW YORK 3/ 1 0 3 3 0 0 0 0 0 PRIME OUTSIDE NEW YORK 3/ 0 1 0 A 0 2 2 1 0 NONPRIME 0 1 3 6 0 5 1 1 1 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 ARE REPORTED BY DEALERS TO TRADE WITHIN I 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 *D PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT Z1 26 FEB 1975 TO 28 MAY 1975 (NUMBER OF BANKS) TOTAL DEPOSITS /? (IN HIttIONS OF DOLLARS# REDUCD'S 25% TO OR ZERO MORE ALL BANKS ISSUING CD'S INCREASE OF DECLINES OF 27 20 TO 25* 11 15 TO 20* 15 10 TO 15* 38 5 TO 10* 5* OR LESS 24 32 NO CHANGE 5* OR LESS TO 10* 26 29 5 10 TO 15* 15 TO 25* OR MORE 20 TO 25% 20% 12 ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE 20 UNDER 200 1 8 3 7 11 7 10 1 11 8 3 2 1 9 0 200-500 1 12 4 5 13 6 10 2 5 8 6 2 1 4 0 500 * 1000 0 3 3 2 7 4 7 0 7 8 1 1 1 6 0 OVER 1000 0 4 1 1 7 7 5 0 3 5 2 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 PRIME IN NEW YORK 3/ 0 0 0 1 0 3 1 0 0 M I M E OUTSIDE NEW YORK 3/ 0 I 0 0 3 3 3 0 0 2 0 0 NONPRIME 0 3 1 0 4 1 1 0 3 2 1 1 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF S100*000 OR MORE ISSl'ED 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- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. TABLE 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 1975 TO 28 NAY 1975 (NUMBER OF BANKS 1 TOTAL DEPOSITS 2/ M N MILLIONS OF DOLLARS! ALL BANKS ISSUING CO*S INCREASES OF DECLINES OF 5t AND OVER 4 TO *1 3 2 TO 3t TO At 1 TO 2* It AND LESS NO CHANGE It AND UNDER 2 1 TO 3t 2t 4 TO 3 TO 4% TO 5% 12 15 21 22 32 47 3 37 21 15 13 5 UNDER 200 6 3 5 B 7 16 1 17 5 2 4 2 *00-500 S A 7 6 1? 17 2 7 7 7 4 1 500 - 1000 0 4 § 2 7 9 0 9 6 4 2 2 OWE* 1000 3 2 4 6 5 5 0 4 3 2 3 0 2 1 0 0 0 1 0 1 0 2 0 0 0 1 1 0 3 0 4 2 1 1 0 PRIME IN NEW YORK 3/ I 0 1 PRIME OUTSIDE NEW YORK 3/ 1 0 1 4 N0NPR1NE I 2 2 0 2 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF SlOO,COO 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 WHICH A*6 REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET *OTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK A N D 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 1975 (AMOUNTS IN MILLIONS OF DOLLARS) C O * S MATURING IN M A Y 29-MAY 31 ALL DISTRICTS BOSTON 3424.8 143.1 27?:9.2 I M NEW YORK PHILADELPHIA CLEVELAND 1373.0 160.5 141.5 1392.0 10028.4 RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 87.6 138.8 494.3 48.7 23.8 67.9 206.4 539.2 1227.6 1415.5 870.3 1154.5 4006.2 363.1 234.6 739.4 1645.2 4642.4 17211.6 726.9 6710.8 699.1 878.4 491.9 682.1 2935.2 201.6 91.3 355.3 945.3 2493.9 10262.8 489.7 4029.5 356.8 438.0 277.8 428.3 1220.0 104.7 74.6 228.3 517.2 2097.9 SEP 6126.3 203.9 2492.7 263.4 309.3 207.3 235.6 611.5 74.8 48.0 109.7 295.0 1275.1 OCT 5077,7 213.7 1958.5 205.2 284.5 127.6 206.2 722.3 48.2 54.1 60.6 224.6 972.2 2054.5 JUL AUG NOV 4174.9 149.7 85.6 175.5 77.6 186.8 380.6 29.4 40.9 56.3 208.3 729.7 DEC 1444.3 67.8 405.6 83.5 72.5 40.5 52.0 145.4 39.4 15.5 25.0 73.3 423.8 JAN 2110.1 73.2 615.8 73.8 86.1 31.9 66.4 497.5 21.6 24.8 21.7 82.3 515<Jttk FEB 15BI.9 50.0 223.7 27.3 59.9 21.7 57.1 418.8 15.5 32.3 25.7 54.3 595.6 MAR 1069.7 60.8 104.7 41.6 63.8 16.3 30.6 217.6 11.7 8.4, 26.9 54.2 433.1 APR 762.3 65.4 132.4 10.3 55.2 21.6 23.7 103.3 11.6 4.7 17.2 52.3 264.4 MAY 726.4 32.0 70.9 10.4 20.3 29.6 46.2 127.0 9.0 4.3 17.9 89.4 269.4 1741.5 94.7 6*8.4 59.0 364.3 13.1 78.2 57.0 33.3 11.1 23.4 33.2 275.8 3762.9 30898.9 3304.1 4364.8 231<.0 3386.5 11936.7 1012.6 668.4 1775.3 3.0 2.3 2.5 3.2 17 23 30 JUN OR LATER TOTAL $ 83433.7 AVERAGE MATURITY IN M O N T H S 2 / NUMBER OF REPORTING BANKS 2.7 2.6 2.5 2.3 3.3 2.3 2.6 2.6 2.7 346 16 41 10 IB 17 22 36 11 1 / INCLUDES ONLY C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. 2 / SEE TECHNICAL APPENDIX B . * D E T A I L S M A Y NOT A D D TO TOTALS DUE TO ROUNDING# 4481.0 15527.5 TABLE 66 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY F E D E R A L R E S E R V E DISTRICT AS OF 28 MAY 1975 (AMOUNTS IN MILLIONS OF D O L L A R S ) ALL DISTRICTS BOSTON JON 10657.5 673.4 JUL 4274.7 AUG C D ' S MATURING IN ITH TOT At CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 520.7 1588.7 194.4 97.3 320.0 770.7 1998.5 138.3 165.2 1279.4 61.0 21.6 97.1 217.9 496.4 131.1 117.7 199.7 542.3 60.0 41.7 132.9 243.2 682.^| PHILADELPHIA CLEVELAND 2999.3 533.8 *90.4 370.3 281.6 1060.2 223.1 217.9 3811.9 173.3 1330.0 1*7.5 NEW YORK RICHATLANTA MOND SEP 1381.0 35.6 606.5 105.5 86.5 66.3 34.8 131.8 14.6 8.9 21.0 52.9 216.6 OCT 772.8 43.7 293.1 83.8 25.7 19.2 22.1 84.8 2.8 14.3 12.9 32.9 137.5 NOV 2483.2 71.7 17*0.3 49.8 74.4 43.8 108.7 204.0 19.0 36.5 28.7 169.0 427.3 DEC 373.0 6.6 172.6 12.3 16.3 4.4 6.3 39.2 9.5 3.6 6.8 21.8 73.6 1.5 1.1 7.4 186.7 JAN 286.9 7.9 28.8 3.3 16.2 1.0 5.6 26.9 0.5 FEB 352.7 18.5 53.7 3.4 10.6 2.4 5.0 86.2 4.1 1.2 5.4 6.0 156.2 MAR 55.1 0.6 10.7 0.0 23.0 0.1 1.1 2.4 0.0 0.0 1.3 1.0 14.9 *P« 134.3 9.3 10.5 2 .6 10.2 4,7 1.9 10.5 0.1 0.3 2.1 4.6 77.5 MAY Oft LATER 834.0 34.9 129.7 9.9 25.7 31.2 40.6 124.6 6.0 4.7 15.3 72.2 337.2 2*922.1 1357.1 8445.4 1185.0 1228.0 799.4 1131.7 4120.8 374.0 231.6 644.6 1599.6 4804.9 2.8 2.0 2.3 2.2 2.2 2.2 1.9 2.6 2.0 2.4 • AVERAGE H A V U M Y V in h o n t m s $ / 2.6 2.0 >/ SEE TICmiCAL APPENDIX A. « / INCLUDES ONLY CERTIFICATES ISSUED IN D E N O M I N A T I O N S OF *100,000 OR MORE BY WEEKLY REPORTING B A N K S . 3/ SEE TECHNICAL APPENDIX »• * DETAILS WAV NOT ADD TO TOTALS DUE TO POUNDING. TABLE 6C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 28 MAY 1975 1PERCENTAGE DISTRIBUTION) C D ' S M A T U R I N G IN WTI ALL DISTRICTS BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 3.6 3.8 4.6 3.5 4.1 3.8 4.4 4.9 3.2 3.8 4.1 4.1 4.8 JUN 33*2 37.0 32.5 37.2 32.4 37.6 34.1 33.6 35.9 35.1 41.6 36.7 29.9 JUL 20.6 19.3 21.7 21.2 20.1 21.2 20.1 24.6 19.9 13.7 20.0 21.1 16.1 AUG 12.3 13.0 13.0 10*8 10.0 12.0 12.6 10.2 10.3 11.2 12.9 11.5 13.5 5.1 7.4 7.2 6.2 6.6 8.2 6.3 M A Y 2 9 - M A Y 31 SEP 7.3 5.4 8.1 8.0 7.1 9.0 7.0 OCT 6.1 5.7 6.3 6.2 6.5 5.5 6.1 6.1 4.8 8.1 3.4 5.0 NOV $•0 4.0 *.6 2.6 4.0 3.4 5.5 3.2 2.9 6.1 3.2 4.6 DEC 1.7 1.8 1.3 2.5 1.7 1 .7 1.5 1.2 3.9 2.3 1.4 1.6 2.7 3.3 1976 JAN 2.5 1.9 2.0 2.2 2.0 1.4 2.0 4.2 2.1 3.7 1.2 1.8 FEB 1.9 1.3 0.7 0.8 1.4 0.9 1.7 3.5 1.5 4.8 1.4 1.2 3.8 MAR 1.3 1.6 0.3 1.3 1.5 0.7 0.9 1.8 1.2 1.3 1.5 1.2 2.8 APR 0.9 1.7 0.4 0.3 1.3 0.9 0.7 0.9 1.1 0.7 1.0 1.2 1.7 0.6 1.0 2.0 1.7 MAY 0.9 0.9 0.2 0.3 0.5 1.3 1.4 1.1 0.9 JUN OR LATER 2.1 2.5 2.3 1.6 8.3 0.6 2.3 0.5 3.3 1.7 1.3 0.7 1.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL * 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY RFPORTING BANKS, TABLE 6B 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 28 MAY 1975 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS BOSTON JUN 10657.5 673.4 JUL 4279.7 A W C D ' S M A T U R I N G IN CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 520.7 1588.7 194.4 97.3 320.0 770.7 1998.5 138.3 185.2 1279.4 61.0 21.6 97.1 217.9 496.4 PHILADELPHIA CLEVELAND 2999.3 533.8 590.4 370.3 281.6 1060.2 223.1 217.9 NEW YORK RICHMOND ATLANTA 3611.9 173.3 1330.0 157.5 131.1 117.7 199.7 542.3 60.0 41.7 132.9 243.2 SEP 1381.0 35.6 606.5 105.5 86.5 66.3 34.8 131.8 14.6 8.9 21.0 52.9 OCT 772.8 43.7 293.1 83.8 25.7 19.2 22.1 84.8 2.8 14.3 12.9 32.9 137.5 NOV 2983.2 71.7 1750.3 49.8 74.4 43.8 108.7 204.0 19.0 36.5 28.7 169.0 427.3 DEC 373.0 6.6 172.6 12.3 16.3 4.4 6.3 39.2 9.5 3.6 6.8 21.8 73.6 1.5 1.1 7.4 186.7 5.4 6.0 156.2 682.jJ| 216.6 1 9 7 6 JAN 286.9 7.9 28.8 3.3 16.2 1.0 5.6 26.9 0.5 FEB 352.7 18.5 53.7 3.4 10.6 2.4 5.0 86.2 4.1 1.2 MAR 55.1 0.6 10.7 0.0 23.0 0.1 1.1 2.4 0.0 0.0 1.3 1.0 14.9 APR 134.3 9.3 10.5 2.6 10.2 4.7 1.9 10.5 0.1 0.3 2.1 4.6 77.5 M A Y OR LATER 834.0 34.9 129.7 9.9 25.7 31.2 40.6 124.6 8.0 4.7 15.3 72.2 337.2 25922.1 1357.1 8445.4 1185.0 1228.0 799.4 1131.7 4120.8 374.0 231.6 644.6 1599.6 4804.9 2.6 2.0 2.8 2.0 2.3 2.2 2.2 2.2 1.9 2.6 2.0 2.4 TOTAL * AVERAGE MATURITY IN M O N T H S 3 / 5/ SEE TECHNICAL APPENDIX A . < / I N C L U D E S ONLY C E R T I F I C A T E S ISSUED IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE BY W E E K L Y R E P O R T I N G B A N K S . 3 / SEE TECHNICAL APPENDIX B . * D E T A I L S M A Y N O T A D D T O T O T A L S DUE TO R O U N D I N G . TABLE 6D MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 28 MAY 1975 I CUMULATIVE PERCENTAGE) ALL DISTRICTS BOSTON 4.1 3.8 JUN 37.3 JUL 57,9 AUG CD'S MATURING IN MINNEAPOLIS KANSAS CITY DALLAS 4.1 4.8 3.6 3.8 4.6 38.2 37.7 40.7 38.7 45.4 41.3 33.4 58.3 62.3 60.6 52.4 65.4 62.4 49.5 74.6 70.9 72.5 70.9 63.6 78.3 73.9 63.0 83.6 77.9 77.6 78.3 70.8 84.5 80.5 71.2 83.7 83.1 78.9 87.9 85.5 77.5 86.9 86.0 85.0 91.1 90.1 82.2 88.1 89.9 87.3 92.5 91.7 84.9 93.0 92.3 92.0 91.0 93.7 93.5 88.2 96.5 94.7 95.8 93.5 95.8 95.1 94.7 97.2 95.6 97.6 94.7 97.1 96.6 95.9 94.8 CLEVELAND 4.4 4.9 3.2 3.8 4.1 40.8 36.9 42.1 35.6 41.4 60.1 58.6 63.3 55.7 62.6 70.2 73.1 71.6 74.1 65.7 SEP 77.5 78.5 79.7 82.1 72.8 OCT 83.6 84.2 86.0 88.3 79.3 89.1 84.0 NOV 88.6 88.2 92.6 90.9 83.3 92.5 89.5 DEC 90.3 *0.0 93.9 93.4 85.0 94.2 91.0 1976 JAN 92.8 91.9 95.9 95.6 87.0 95.6 FEB 94.7 93.2 96.6 96.4 88.4 97.7 89.9 1975 MAY 29—MAY 31 SANdBk FRAN3#F CISCO ST. LOUIS RICHMOND ATLANTA PHILADELPHIA NEW YORK CHICAGO 3.5 MAR 96.0 94.8 96.9 APR 9fe.9 96.5 97.3 98.0 91.2 98.1 96.3 98.5 95.8 97.8 97.6 97.1 96.5 MAY 97.6 97.4 97.4 98.3 91.7 99.4 97.7 99.6 96.7 98.4 98.6 99.1 98.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 JUN OR LATER 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY WEEKLY REPORTING BANKS. 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 1975 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS BOSTON JUN 41.1 49.6 JUL 16.5 AUG SEP CD'S MATURING IN S A N A FRANIF CISCO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS 38.6 52.0 42.0 49.6 48.2 41.6 16.4 31.0 16.3 9.3 15.1 13.6 10.3 14.7 17.6 13.2 16.0 18.0 20.6 15.2 14.2 8.3 3.1 3.2 3.9 3.8 3.3 3.3 4.5 2.0 2.1 2.9 RICHATLANTA MONO PHILADELPHIA CLEVELAND 35.5 45.0 48.1 46.3 46.0 20.6 12.6 18.8 17.7 17.3 14.7 12.8 15.7 13.3 10.7 5.3 2.6 7.2 8.9 7.0 NEW YORK CHICAGO OCT 3.0 3.2 3.5 7.1 2.1 2.4 2.0 2.1 0.7 6.2 NOV 11.5 5.3 20.7 4.2 6.1 5.5 9.6 5.0 5.1 15.8 4.5 10.6 8.9 DEC 1.4 0.5 2.0 1.0 1.3 0.6 0.6 1.0 2.5 1.6 1.1 1.4 1.5 1976 JAN 1.1 0.6 0.3 0.3 1.3 0.1 0.5 0.7 0.1 0.6 0.2 0.5 3.9 FEB 1.4 1.4 0.6 0.3 0.9 0.3 0.4 2.1 1.1 0.5 0.8 0.4 3.3 MAR 0.2 0.0 0.1 0.0 1.9 0.0 0.1 0.1 0.2 0.1 , 0.4 6.7 0.1 0.2 0.8 0.6 0.2 0.3 0.0 0.0 0.0 APR 0.1 0.3 0.3 1.6 MAY OR LATER 3.2 2.6 1.5 0.8 2.1 3.9 3.6 3.0 2.1 2.0 2.4 4.5 7.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL * 1/ SEE TECHNICAL APPENDIX A# 2 / INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100*000 OR MORE BY WEEKLY REPORTING BANKS, NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE M A T U R E D . ;# DETAILS M A Y N O T ADD TO TOTALS DUE TO ROUNDING. * TABLE 60 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 28 MAY 1975 ICUMULATIVE PERCENTAGE) CD'S MATURING IN ALL DISTRICTS BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS DALLAS SANJ FRAN* CISCO 4.6 3.5 CITY 4.1 3.8 4.4 4.9 JUN 37.3 40.B 36.9 42.1 35.6 41.4 38.2 37.7 40.7 38.7 45.4 41.3 33.4 JUL 57.9 60.: 58.6 63.3 55.7 62.6 58.3 62.3 60.6 52.4 65.4 62.4 49.5 AUG 70.2 73.1 71.6 74.1 65.7 74.6 70.9 72.5 70.9 63.6 78.3 73.9 63.0 1975 MAY 29-MAY 31 3.2 3.8 4.1 4.1 4.8 3.6 3.8 SEP 77.5 76.5 79.7 82.1 72.8 83.6 77.9 77.6 78.3 70.8 84.5 80.5 71.2 OCT B3.6 84.2 86.0 88.3 79.3 89.1 84.0 83.7 83.1 78.9 87.9 85.5 77.5 NOV BB.6 88.2 92.6 90.9 *3.3 92.5 89.5 86.9 86.0 85.0 91.1 90.1 82.2 DEC 90.3 *0.0 93.9 93.4 85.0 94.2 91.0 88.1 89.9 87.3 92.5 91.7 84.9 88.2 1976 JAN 92.B 91.9 95.9 95.6 87.0 95.6 *3.0 92.3 92.0 91.0 93.7 93.5 FEB 94.7 93.2 96.6 96.4 88.4 96.5 94.7 95.8 93.5 95.8 95.1 94.7 MAR 96.0 94.8 96.9 97.7 8*.9 97.2 95.6 97.6 94.7 97.1 96.6 95.9 94.8 APR *6.9 96.5 97.3 98.0 91.2 98.1 96.3 98.5 95.8 97.8 97.6 97.1 96.5 97.7 99.6 96.7 98.4 98.6 99.1 98.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 MAY jtm n* 1/ 97.B 100.0 It *7.4 97.4 98.3 91.7 99.4 100.0 1C0.0 100.0 100.0 100.0 * %% DENOMINATIONS OF $100*000 OR MORE BY WEEKLY REPORTING BANKS. 92 *< 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 current survey, and combines sales of CD's maturing in twelve or more months. Some sales arc also lost by the method described above. 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 ere lost from the series as derived in this maimer. 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 dotes 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 daya) 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 ia 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 bv 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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