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June 26, 1978 L.4.1 CONFIDENTIAL (FR) FEDERAL * * * * * BANK of KANSAS W f f JUL 3 1918 =• Research library » t SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE WEEKLY REPORTING BANKS as of ,, > y 31, 1978 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System # AGGREGATE 1/ MATURITY DISTRIBUTION UP OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS AS OF 31 MAY 1978 AMOUNT (MILLIONS OF DOLLARS) SALES SINCE PREVIOUS MONTH 2/ (MILLIONS OF DOLLARS) PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE 27.0 .0 .0 .0 JUNE 25,155.7 29.2 29.2 10,644.5 JULY 16,590.2 19.3 48.5 5,638.7 AUGUST 11,102.9 12.9 61.4 j,876.4 SEPTEMBER 7,199.5 6.4 69.8 507.9 OCTOBER 6,760.0 10.2 80.0 1,560.3 NOVEMBER 6,243.5 7.3 87.3 5,189.4 DECEMBER 1,925.7 2.2 89.5 363.1 985.6 1.1 90.6 120.9 FEBRUARY 747.8 .9 91.5 131.1 MARCH 626.4 1.0 92.5 49.4 APRIL 1,065.1 1.2 93.7 2 54.9 727.5 .8 94.5 612.2 3/ 4,675.6 5.4 99.9 66,034.5 100.0 CD'S MATURING IN 1 Wti MAY 31 1979 JANUARY MAY OVER 12 MONTHS TOTAL (MEMORANDUM: JUNE 10 JUNE lb 1,730.5 2,244.2 29,150.7 TAX AND DIVIDEND MATURITIES) 2.0 2.6 529.3 143.2 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ SALES ARE NOT ADJUSTED FOR MATURITIES AND ARE DERIVED BY SUBTRACTING OUTSTANDINGS MATURING IN EACH MONTH OF THE PREVIOUS SURVEY FROM MATURITIES IN THE SAME MONTH OF THE CURRENT SURVEY. TOTAL SALES DIFFER FROM THE CHANGE IN TOTAL OUTSTANDINGS BY THE AMOUNT OF CD'S THAT HAVE MATURED. http://fraser.stlouisfed.org/ 3/ OVER 11 MONTHS. Federal Reserve Bank of St. Louis TABLE 1 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS AS OF 31 MAY 1978 AMOUNT (MILLIONS OF DOLLARS) SALES SINCE PREVIOUS MONTH 2/ (MILLIONS OF DOLLARS) PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE 27.0 .0 .0 .0 JUNE 25,155.7 29.2 29.2 10,644.5 JULY 16,590.2 19.3 48.5 5,638.7 AUGUST 11,102.9 12.9 61.4 3,878.4 SEPTEMBER 7,199.5 8.4 69.6 507.9 OCTOBER 8,760.0 10.2 80.0 1,560.3 NOVEMBER 6,243.5 7.3 67.3 5,189.4 DECEMBER 1,925.7 2.2 89.5 363.1 985.6 1.1 90.6 120.9 FEBRUARY 747.8 .9 91.5 131.1 MARCH 82d.4 1.0 92.5 49.4 APRIL 1,065.1 1.2 93.7 254.9 727.5 .6 94.5 812.2 3/ 4,675.6 5.4 100.0 XXX 86,034.5 100.0 XXX 29,150.7 CD'S MATURING IN 1976 MAY 31 1979 JANUARY MAY OVER 12 MONTHS TOTAL (MEMORANDUMS JUNE 10 JUNE 15 1,730.5 2,244.2 TAX AND DIVIDEND MATURITIES) 2.0 2.6 XXX XXX 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $ 1001000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX A. 3/ SALES OF CD'S MATURING AFTER 11 MONTHS. 529.3 143.2 TABLE 2A 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 31 MAY 1976 (IN MILLIONS OF DOLLARS) NEW YORK CITY AMOUNT CD'S M A T U M N G IN ALL OTHER WEEKLY REPORTING BANKS CHICAGO SALES SINCE PREVIOUS MONTH 2/ AMOUNT AMOUNT SALES SINCE PREVIOUS MONTH 2/ SALES SINCE PREVIOUS MONTH 2/ .0 .0 3.3 .0 23.7 .0 JUNE 6,686.7 2,676.8 2,173.0 723.1 16,093.9 7,242.6 JULY 4,465.4 1,002.8 2,090.4 716.2 10,034.4 3,919.7 AUGUST 3,420.1 642.4 1,47b.1 530.5 6,2G4# 3 2,505.0 SEPT tMbtk 2,702.4 58.1 739.8 53.2 3,757.0 396.3 OCTOBER 3,315.6 437.8 1,194.4 149.4 4,250.0 973.0 NOVEMBER 2,197.6 2,046.6 730.4 668.9 3,315.2 2,473.9 DtCEMBER 485.j 77.8 233.7 42.6 1,206.6 242.6 199.1 12.3 83.1 15.6 703.4 92.9 194.2 24.0 47.9 13.8 505.7 93.2 MARCH 83.1 6.9 57.7 2.7 687.5 39.8 APRIL 159.3 14.2 286.3 77.0 619.5 163.7 MAY 112.0 531.9 601.7 /3 1976 MAY 31 1979 JANUARY FEBRUARY OVER 12 MONTHS TOTAL * 103.6 /3 83.6 106.9 /3 1,450.7 XXX 855.7 XXX 2,369.2 XXX 25,671.7 7,303.3 10,057.4 3,099.9 50,302.3 18,744.4 NUMBER OF REPORTING BANKS 10 (MEMORANDUM: JUNE 10 JUNE 15 464.0 513.5 215 11 145.4 99.8 TAX AND DIVIDEND MATURITIES) 148.9 290.8 36.1 52.9 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATION OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2:/ SEE TECHNICAL APPENDIX A. 3/ SALES OF CD'S MATURING AFTER 11 MONTHS. * TOTALS MAY NOT ^UO DUE TO ROUNDING. 1,117.6 1,439.9 347.8 9.5 TABLE 2B 1/ MATURITY DlSTKlbUTIUN OF OUTSTANDING NEGOTIABLE: TIME CERTIFICATES OF DEPOSIT AT NfcW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 31 MAY 1978 AND 26 APR 1978 (PERCENTAGE DISTRIBUTION) 31 MAY ALL OTHER CHICAGO NTW YOKK CITY CU'S MATURING IN 2 6 APR 31 MAY 26 APR 31 MAY 26 APR .0 1.4 .0 2.8 .0 3.5 01 MONTHS 3/ 26.8 24.8 21.6 28.8 32.0 29.0 02 MONTHS 17.4 16.9 20.8 14.3 19.9 18.9 03 MONTHS 13.3 13.9 14.7 13.5 12.3 13.1 04 MONTHS 10.5 10.4 7.4 9.3 7.5 7.9 05 MONTHS 12.9 10.6 11 .9 6.8 8.4 7.2 06 MONTHS 8.6 11.6 7.3 10.3 6.6 7.0 07 MONTHS 1.9 .6 2.3 .6 2.4 1.8 08 MONTHS .8 1.6 1.9 1.4 2.1 09 MONTHS .8 .6 .5 .7 1.0 1.3 10 MONTHS .3 .7 .6 .3 1.4 .9 11 MONTHS .6 .3 2.6 .5 1.2 1.4 12 MONTHS .4 .6 .6 2.1 1.1 1.0 5.7 5.9 b.5 8.2 4.7 4.9 100.0 100.0 100.0 100.0 luo.o 100.0 U-6 DAYS 2/ UVBR 12 MONTHS TOTAL * .ti 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF S100,OOO OR MORE ISSUED BY WEEKLY REPORTING BANKS. */ NUMBER OF DAYS REMAINING IN SURVEY MO&TH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH. * TOTALS MAY NOT ADD DUE TO ROUNDING. TABLE 2C 1/ MATURITY 01STHlbuTION OF UU1STANDING NEGOTIABLE TIME CERTlF-lCATtS OF DEPOSIT AT NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 31 MAY 1976 AND C6 APR 1976 (CUMULATIVE DISTRIBUTION) NEW YORK CITY 31 MAY 0—6 DAYS 2/ 26 APR CHICAGO 31 MAY ALL OTHER 26 APR 31 MAY 26 APR .0 1.4 .0 2.8 .0 3.5 01 MONTHS 3/ 26.8 26.2 21.6 31.6 32.0 32.5 02 MONTHS 44.2 43.1 42.4 45.9 51.9 51.4 03 MONTHS 57.5 57.0 57.1 59.4 64.2 64.5 04 MONTHS 68.0 67 .4 64.5 68.7 71.7 72.4 Ob MONTHS 80.9 78.0 76.4 75.5 80.1 79.6 06 MONTHS 89.5 89.6 83.7 85.8 86.7 86.6 07 MONTHS 91.4 90.2 86.0 86.4 89.1 88.4 08 MONTHS 92.2 91.8 86.8 88.3 90.5 90.5 09 MONTHS 93.0 92.6 87.3 89.0 91.5 91.8 10 MONTHS 93.3 93.3 87.9 89.3 92.9 92.7 11 MONTHS 93.9 93.6 90.7 89.8 94.1 94. 1 12 MONTHS 94.3 94.2 91.5 91.9 95.2 95.1 100.0 100.0 100.0 100.0 100.0 100.0 OVcR 12 MONTHS 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF S100,OOO OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ NUMBER OF DAYS REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH. MATURITY UlSTRltiUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 31 MAY 1978 (AMOUNTS IN MILLIONS OF DOLLARS) TABLE 3A $5 BILLION AND OVER $500 MILLION AND UNDER $500 MILLION TO $1 BILLION 27.0 3.0 2.4 21.6 JUNE 25,155.7 1,524.5 2,957.9 JULY 16,590.1 820.7 AUGUST 11,102.9 SEPTEMBER CD'S MATURING IN TOTAL SI BILLION TU $5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 0.0 0.0 0.0 8,409.0 12,264.3 5,686.2 6,378.1 1,513.7 4,597.3 9,658.4 4,159.7 5,498.7 516.6 1,092.6 3,066.5 6,405.2 3,084.8 3,320.4 7,199.6 313.0 587.9 1,876.3 4,422.4 2,488.4 1,934.0 OCTOBER 6,760.1 220.0 506.7 1,910.4 6,123.0 3,128.5 2,994.5 NOVEMBER 6,243.6 177.2 442.0 1,427.8 4,196.6 2,153.7 2,042.9 DECEMBER 1,925.7 66.2 212.8 626.0 1,000.7 464.6 536.1 965.5 7c. 3 159.6 339.0 414.4 191.5 222.9 FEBRUARY 747.6 45.5 129.2 239.6 333.5 189.9 143.6 MARCH 626.5 50.4 98.8 431.3 248.0 75.6 172.4 APRIL 1,065.2 48.2 94.5 363.1 559.4 154.5 404.9 727.4 42.3 71.4 284.6 329.1 104.0 225.1 4,675.6 129.4 173.3 883.4 3,489.5 1,435.8 2,053.7 66,034.7 4,049.3 6,043.0 24,497.9 49,444.5 23,517.2 25,927.3 854.9 423.1 431.8 424.6 740.2 7 10 1976 MAY 31 1979 JANUARY MAY JUNE OR LATER TOTAL * M 1McnUKANOUMe TAX / JUNE 10 1,730.4 97.8 170.6 607.1 JUNE 15 2,244.2 100.7 200.6 777.9 1 ncnu^«i»uun • 238 73 65 1,164 * 8 nunoc^ ur DKUFXU t 83 17 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NOT ADO DUE TO ROUNDING. SALES •!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 31 MAY 1976 (AMOUNTS IN MILLIONS OF DOLLARS) TAbLE 3tt $5 BILLION AND OVER MATURING IN MAY TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 BILLION TO $5 BILLION TOTAL OUTSIDE NEW YORK CITY 31 JUNE 10,644.5 771.8 1,487.4 3,980.1 4,405.2 2,033.7 2,371.5 JULY 5,638.5 247.9 521.5 1,584.8 3,284.3 905.1 2,379.2 AUGUST 3,878.2 270.1 449.5 1,279.0 i,679.6 773.2 1,106.4 507.9 67.7 88.7 196.1 155.4 37.8 117.6 OCTOBtR 1,560.3 42.0 98.3 318.4 1,101.6 424.1 677.5 NOVEMBER 5,189.5 107.5 247.9 977.8 3,856.3 2,014.4 1,841.9 DECEMBER 363.0 13.3 29.2 111.5 209.0 76.6 132.4 JANUARY 120.7 9.7 25.7 36.3 49.0 12.3 36.7 FEBRUARY 131.2 4.4 26.2 28.9 71.7 23.7 48.0 MARCH 49.5 0.4 7.9 15.3 25.9 6.8 19.1 APRIL 255.0 8.3 23.4 101.9 121.4 14.1 107.3 MAY OR LATER 812.2 48.1 96.0 351.4 316.7 95.9 220.8 29,150.5 1*591.2 3,101.7 8,981.5 15,476.1 6,417.7 9,056.4 126.3 99.2 SEPTEMBER TOTAL * — (MEMORANDUMS TAX AND DIVIDEND MATURITIES) JUNE 10 529.3 52.9 66.6 184.3 225.5 JUNE 15 143.1 30.2 76.8 193.2 157.1- (MEMORANDUMS 238 1/ 2/ 3/ • NEW YORK CITY 73 245.8- NUMBER OF BANKS) 65 83 17 SEE TECHNICAL APPENDIX A . INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. TOTALS MAY NOT ADD DUE TO ROUNDING. 88.7 10 JABLt 31 MATOR1TY DISTRIBUTION UP OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 31 MAY 1978 PERCENTAGE DISTRIBUTION $5 BILLION AND OVER LU'a MATURING IN TOTAL S500 MILLION AND UNDER $500 MILLION TO SI BILLION SI BILLION TO $5 BILLION TOTAL NEW YORK CITY 0.0 OUTSIDE NEW YORK CITY 0.0 G.O 0.1 JUNE 29.2 37.6 36.8 34.3 24.8 25.0 24.6 JUL Y 19.3 20.3 18.8 18.8 19.5 17.7 21.2 AUGUST 12.9 12.8 13.6 12.6 13.0 13.1 12.8 8.4 7.7 7.3 7.7 8.9 10.6 7.5 10.2 5.4 6.3 7.8 12.4 13.3 11.5 NOVEMBER 7.3 4.4 5.5 5.8 8.5 9.2 7.9 DECEMBER 2 4(1.1 2.6 1.8 1.4 2.0 0.8 FEBRUARY 0.9 1.0 0.7 MARCH 1.0 1.2 1.8 0.5 0.3 0.7 1.2 1.5 1.1 0.7 1.6 MAY 1.2 0.8 1.1 1.2 1.2 1.0 2.0 0.8 0.8 2.1 1.1 2.6 2.0 1.6 0.9 1.2 0.7 0.4 0.9 JUNE OR LATER 5.4 3.2 2.2 3.6 7.1 6.1 7.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 197b MAY 31 SEPTEMBER OCTOBER 1979 JANUARY APRIL TOTAL * (MEMORANDUMS JUNE 10 JUNE 15 2.0 2.6 0.1 0.0 0.9 0.6 TAX AND DIVIDEND MATURITIES) 2.4 2.1 2.5 1.7 1.8 1.7 2.5 2.5 3.2 2.4 1.8 2.9 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NOT ADD DUE TO ROuNOlNG. 0.0 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS If AS OF 31 MAY 1978 CUMULATIVE PERCENTAGE TABLE 3D $5 BILLION AND OVER lATUkING IN TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 BILLION TO $5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 0.0 0.0 0.0 34.4 24.8 25.0 24.6 55.6 53.2 44.3 42.7 45.8 70.8 69.2 65.8 57.3 55.6 58.6 69.8 78.5 76.5 73.5 66.2 66.4 66.1 OCTOBER 80.0 63.9 82.8 81.3 76.6 79.7 77.6 NOVEMBER 87.3 66.3 88.3 87.1 87.1 88.9 85.5 DECEMBER 69.5 90.4 90.9 89.7 89,1 90.9 87.6 JANUARY 90.6 92.2. 92.9 91.1 89*9 91.7 68.5 FEBRUARY 91.5 93.3 94.5 92.1 90.6 92.5 89.1 MARCH 92.5 94.5 95.7 93.9 91.1 92.8 69.8 APRIL 93.7 95*7 96.9 95.4 92.2 93.5 91.4 MAY 94.5 96.7 97.8 96.6 92.9 93.9 92.3 100.0 100.0 100.0 100. 0 100.0 0.0 0.1 0.0 JUNE 29.2 37.7 36.8 JULY 48.5 56.0 AUGUST 61.4 SEPTEMBER MAY 31 JUNE OR LATER 0. 1 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF <100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. # TOTALS MAY NOT ADO DUE TO ROUNDING. 100.0 100.0 TABLE 36 SALE!. /I/ Of NEGOTIABLE 11ME CERTIFICATES UF OEPOS1T SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 31 MAY 197* PERCENTAGE DISTRIBUTION Sb BILLION AND OVER CD'S MATURING IN 1976 MAY TOTAL $500 MILLION AND UNDER *500 MILLION TO SI BILLION *1 BILLION TO $5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YOKK CITY 31 JUNE 36.5 48.5 46.0 44.3 26.5 31.7 26.2 JULY 19.3 15.6 16.8 17.6 21.2 14.1 26.3 AUGUST 13.3 17.0 14.5 14.2 12.1 12.0 12.2 SEPTEMBER 1.7 4.3 2.9 2.2 1.0 0.6 1.3 OCTOBER 5.4 2.6 3.2 3.5 7.1 6.6 7.5 NOVEMBER 17.8 6.8 8.0 10.9 24.9 31.4 20.3 DECEMBER 1.2 0.8 0.9 1.2 1.4 1.2 1.5 0.4 0.6 0.8 0.4 0.3 0.2 0.4 FEBRUARY 0.5 0.3 0.8 0.3 0.5 0.4 0.5 MARCH 0.2 0.0 0.3 0.2 0.2 0.1 0.2 APRIL 0.9 0.5 0.6 1.1 0.6 0.2 1.2 MAY OR LATER 2.8 3.0 3.1 3.9 2.0 1.5 2.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1979 JANUARY TOTAL * (MEMORANDUM: TAX AND DIVIDEND MATURITIES) JUNE 10 1.6 3.3 2.1 2.1 1.5 2.0 1.1 JUNE 15 0.5 1.9 2.5 2.2 1.0- 1.4 2.7- iii - -1, — , 238 1/ 2/ 3/ * — (MEMORANDUM! 73 65 NUMBER OF BANKS! — 63 — — — — 17 SEE TECHNICAL APPENDIX A . INCLUDES CERTIFICATES IN DENOMINATIONS OF 8100,000 OR MORE ISSUED dY WEEKLY REPORTING BANKS. TOTAL ASSETS A S REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30, 1975. TOTALS MAY NOT ADD DUE TO ROUNDING. — — — — 7 — — — — 10 TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES CIN MONTHS) DATE OF SURVEY BANK CLASSIFICATION 31 MAY 1978 2b APR 1978 29 MAR 1978 (BY LOCATION) ALL REPORTING BANKS 3.2 3,3 3.2 NEW YORK CITY 3.2 3.5 3.3 CHICAGO 3.7 3.6 3.5 OTHER 3.1 3.2 3.1 ISSUING CD'S (BY SIZE OF BANK) 2/ 2.7 2.8 2.8 2.6 $1,000—$5,000 MILLION 3.0 3.1 3.0 OVER $5 BILLION 3.5 3.6 3.4 IN NEW YORK CITY 3.4 3.5 3.4 OUTSIDE NEW YORK CITY 3.5 3.7 3.4 UNDER $500 MILLION 2.7 $500—Sit000 MILLION 2.8 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MURE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30, 1975. TABLE 4b AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS) DATE OF SURVEY BANK CLASSIFICATION 31 MAY 1978 26 APR 1978 29 MAR 1978 (BY LOCATION) ALL REPORTING BANKS ISSUING CD'S 2.7 2.9 2.9 NEW YORK CITY 2.8 3.5 3.5 CHICAGO 3.2 3.0 2.7 OTHER 2.5 2.6 2.7 (BY SIZE OF BANK) 2/ UNDER $500 MILLION 2.1 2.3 2.4 S500-S1tOOO MILLION 2.2 2.3 Z.6 Sit000-$5»000 MILLION 2.4 2.6 2.9 OVER $5 BILLION 3.0 3.3 3.0 IN NEW YORK CITY 3.0 3.7 3.8 OUTSIDE NEW YORK CITY 2.9 3.1 2.5 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE — S E E ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. TECHNICAL APPENDIX B . TA&tfc bA RATIO LP OUTSTANDING NEGOT1AfaLt TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL L/tPOSlTS AT VARIOUS SURVEY DATES (PER CENT > DATE OF SURVEY TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) 31 MAY 1976 26 APR 1978 29 MAR 1978 ALL BANKS ISSUING CD'S 19.6 19.9 *0.3 UNDER 500 15.2 15.5 15.b 500 - 1000 16.2 16.8 17.2 1000 - 5000 16.1 16.3 16.7 OVER 5000 23.4 23.9 24.4 IN NEW YORK CITY 24.0 26.6 26.8 DOTSIDE New YORK CITY 23.0 21.8 22.5 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MURE ISSUED bY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERbANK AND U.S. GOVERNMENT DEPOSITS. TABLE 56 RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS Ab OF 31 MAY 1978 (NUMBER OF BANKS) TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) 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 BANKS ISSUING CD'S 33 36 36 50 40 41 19.6 UNDER 500 11 12 14 14 15 7 15.2 500 - 1000 11 12 10 9 10 13 16.2 1000 - 5000 11 12 11 25 11 13 16.1 0 0 3 2 4 8 23.4 IN NEW YORK CITY 0 0 1 1 1 4 24.0 OUTSIDE NEW YORK CITY 0 0 2 1 3 4 23.0 OVER 5000 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30, 1975. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TAbLfc 5C PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIMfc CERTIFICATE OF DEPOSIT /I 26 APR 1978 TO 31 MAY 1978 (NUMbER OF BANKS) INCREASES OF DECLINES OF TOTAL ASStTS (IN M I L L I O N S ALL bANKS CD'S OF 2/ DOLLARS) CD'S TO ItRO 10* OR MORE ISSUING 5 TO 10* 5% OR LESS 19 26 49 NO CHANGE b% OR LE5S 5 TO 10% 10* OR MORE 48 36 55 ISSUED CD'S BUT HAD NONE OUTSTAND1NG ON BASE DATE UNDER 500 0 5 6 17 2 16 12 14 1 500 - 1000 0 6 5 19 0 10 11 13 1 1000 - 5000 0 b 12 10 1 19 12 21 0 OVER 5000 0 0 3 3 0 3 1 7 0 IN NEW YORK CITY 0 0 3 1 0 0 1 2 0 OUTSIDE NEW YORK CITY 0 0 0 2 0 3 0 5 0 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. 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. TAbLfc 50 PEk CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE Of DEPOSIT /I 22 FEB 1978 TU 31 MAY 1V78 (NUMbck OF BANKS) TOTAL DEPOSITS /2 (IN MILLIONS OF DOLLARS) REDOCED CD'S 25* TO OR ZERO MORE ALL bANKS ISSUING CD* S 0 UNDER 500 0 500 - 1000 0 1000 - 5000 OVER 5000 DECLINES OF 11 20 TO 25* 10 TO 15* 5* OR LESS — 5 TO 10* 1 24 23 16 1 6 5 TO 10* 5t OR LESS lb 37 4 NO CHANGE INCREASE OF —— — — — — 10 15 20 TO TO TO 15* 20* 25* 8 1 1 2 2 4 5 6 6 0 7 5 10 5 0 2 3 3 4 6 13 0 7 8 13 2 0 0 0 0 0 0 2 0 2 0 0 2 0 2 0 0 0 OUTSIDE NEW YORK CITY 0 3 0 0 0 11 — 6 IN NEW YORK CITY 7 15 TO 20* — 2 0 0 0 0 0 0 32 7 5 3 0 3 13 5 4 15 0 2 0 0 1 ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE 42 3 14 2 2 10 I 9 13 0 4 1 2 —— 25% OR MORE 5 1 0 4 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. 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. 0 0 0 TAbLfc INANBC IN O U L i>l A N D I N G N E G O T I A B L FC T I M E UVFCK Thfc M U N I m AT 26 AS A PfcK C t N T TNt BEGINNING APR 1978 (NUMBER TOTAL (IN ASSETS MILLIONS OF 5fc TO OF OF 31 CERTIFICATES UP THE MAY TOTAL OF DEPOSIT DEPOSITS PERIOD 1976 BANKS) DECLINES OF 27 DOLLARS) 3X AND OVER 2 TO 3% 1 TO 2% 1/ INCREASES LF 1% AND LESS NO CHANGE 1% AND LESS 1 TO 2% 2 TO 3% 3% AND OVER ALL BANKS ISSUING CD'S 7 11 17 62 3 60 39 19 18 UNDER 500 2 1 6 20 2 22 9 3 7 500 - 1000 2 4 3 21 0 15 13 5 1 1000 - 5000 3 5 6 Id 1 21 16 8 5 OVER 5000 0 1 2 3 0 2 1 3 5 0 1 1 2 0 0 0 1 2 0 0 1 1 0 2 1 2 3 IN NEW OUTSIDE YORK CITY NEW YORK CITY NOMINATIONS OF $100,000 CR MURfc ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSET* AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. DEPOSITS IN THE DENOMINATOR OF Thfc RA110 IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE SF CHANGFC 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 22 FEB 1976 TO 31 MAY 1976 (NUMBER OF OANKS) TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) DECLINES OF 5% AND OVER 4 TO 5* INCREASES OF 2 TO 3% 3 TO 4% 1 TO 2% 1% AND LESS NO CHANGE IX AND UNDER 1 TO 2% 3 TO 4% 2 TO 3% 4 TO 5% 5% AND OVER ALL BANKS ISSUING CD'S 5 I 5 6 15 51 1 36 30 29 24 9 21 UNDER 500 3 1 1 0 4 18 1 13 9 7 4 5 5 500 - 1000 2 0 2 4 5 12 0 9 10 3 11 1 5 1000 - 5000 0 0 2 4 6 19 0 12 9 17 6 3 5 OVER 5000 0 0 0 0 0 2 0 2 2 2 3 0 6 IN NEW YORK CITY 0 0 0 0 0 2 0 2 0 1 0 0 2 OUTSIDE NEW YURK CITY 0 0 0 0 0 0 0 0 2 1 3 0 4 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF >100 ,000 OR MORE ISSUED BY WEEKLY RE PORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30 , 1975. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK 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 31 MAY 197 6 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN ALL DISTRICTS BOSTON 27.0 0.0 JUN 25153.7 JUL ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 27.0 0.0 0.0 0.0 0.0 0.0 969.7 3529.8 382.1 249.3 837.9 1664.6 4838.4 544.5 609.8 2597.1 225.4 157.9 446.8 1101.7 3858.2 524.2 301.9 414.5 1684.4 123.7 112.7 258.7 774.7 2116.8 185.8 469.2 189.6 258.8 976.0 77.8 109.9 150.6 595.2 1204.4 3428.7 231.3 482.7 209.6 283.0 1409.6 71.0 76.6 108.5 405.0 1871.5 173.0 2278.8 206.2 387.3 169.7 1*2.4 890.4 46.0 38.0 116.2 364.4 1391.0 1925.6 80.9 550.4 69.2 85.4 58.8 81.2 313.9 30.8 21.2 47.4 175.2 411.4 1979 JAN 985.7 32.1 237.4 58.5 57.9 42.9 58.8 126.1 23.0 8.1 50.4 105.0 185.5 FEB 747.7 17.6 207.3 29.5 62.9 33.0 47.2 78.2 19.7 9.4 29.1 59.8 154.0 MAR 626.3 13.4 100.6 21.7 34.3 41.7 31.3 115.6 15.3 95.0 26.9 143.4 189.1 APR 1065.0 33.3 181.6 16.4 74.7 33.7 38.2 317.6 14.0 40.4 29.9 141.1 143.9 MAY 727.4 22.6 120.6 10.2 41.3 12.0 20.4 113.0 13.0 33.0 29.9 130.1 181.3 4675.6 *51.7 1474.9 95.0 301.6 23.0 116.9 942.7 37.1 31.0 65.7 286.7 1049.3 3075.4 2*052.2 3199.4 4760.0 2487.1 3112.2 13321.6 1078.9 984.7 2198.0 NEW YORK PHILADELPHIA CLEVELAND 0.0 0.0 0.0 0.0 0.0 1064.5 8053.2 1094.0 1443.5 826.7 16590.1 600.4 4918.6 714.5 615.0 AUG 11102.4 432.8 3690.9 467.1 SEP 7199.2 172.9 2809.0 GCT 6759.9 160.2 NOV 6243.4 DEC 197b MAY 31 JUN OR LATER TOTAL * 66031.2 RICHMOND ATLANTA CHICAGO 6146.9 17594.B AVERAGE MATURITY IN MONTHS 2/ 3.2 3.1 3.1 2.6 3.3 2.6 3.0 3.4 2.9 4.0 2.7 3.3 3.2 NUMBER OF REPORTING BANKS 236 13 36 10 15 19 22 35 11 5 17 24 29 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX B . * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. TABLE 6B iz 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 31 MAY 1978 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN ALL DISTRICTS BOSTON JUN 10642.4 54b. 2 JUL 5638.7 AUG CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 417.2 1294.3 132.0 88.8 403.1 826.8 1914.3 175.3 174.4 898.1 70.9 80.8 164.3 265.1 1908.0 173.5 139.2 116.9 726.9 44.3 45.6 111.1 306.8 796.9 24.1 40.3 37.2 26.0 87.4 15.3 3.0 28.8 41.1 100.8 461.9 49.2 90.0 63.8 19.1 200.7 5.8 19.1 16.4 62.2 540.1 101.4 2107.3 137.4 297.3 105.3 114.6 750.5 29.2 29.9 62.2 238.2 1216.0 363.1 15.8 83.4 20.4 26.3 2.8 6.6 61.9 6.4 5.0 o.3 13.3 114.9 1979 JAN 120.6 2.4 15.2 10.2 14.2 1.3 7.1 19.8 2.9 0.3 9.1 11.6 26.7 FEB 131.0 3.6 24.5 5.3 31.1 6.3 0.9 16.0 2.8 0.0 8.9 9.6 22.0 MAR 49.5 0.2 7.5 0.0 1.0 0.1 0.5 4.4 0.2 0.0 3.6 1.3 30.7 APR 255.0 1.8 17.2 3.0 6.7 1.9 7.7 85.4 0.7 1.6 4.6 86.b 37.4 MAY OR LATER 812.1 19.3 111.6 17.4 40.8 11.0 26.6 134.0 18.9 29.7 31.0 142.4 229.4 29147.7 1192.0 6451.5 1292.2 1672.9 916.9 917.6 4279.4 329.4 304.0 849.4 2005.2 6937.2 2.6 1.9 2 *6 2.1 2.6 2.8 2.5 3.0 2.1 3.0 2.8 PHlLADELPHI A CLEVELAND 3376.1 518.2 752.7 372.7 229.2 1171.7 301.9 199.0 3877.9 209.5 1002.1 205.1 SEP 507.5 30.5 73.0 OCT 1560.4 32.1 NOV 5169.3 DEC TOTAL * AVERAGE MATURITY IN MONTHS 3/ NEW YORK RICHMOND ATLANTA 2.2 2.2 1/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. 3/ SEt TECHNICAL APPENDIX B. * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. # # e e # e e # e # TABLE 6C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 31 MAY 1976 (PERCENTAGE DISTRIBUTION) CD'S MATUR lNi» IN ALL DISTRICTS bOSTON 0,0 0.0 JUN 29.2 JUL ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 0.2 0.0 0.0 0.0 0.0 0.0 31.2 26.5 35.4 25.3 38.1 30.3 27.5 21.9 19.6 19.5 20.9 16.0 20.3 17.9 21.9 11.0 12.1 13.3 14.1 11.5 11.4 11.8 12.6 12.0 5.8 9.b 7.6 8.3 7.3 7.2 11.2 6.9 9.7 6.8 12.2 7.2 10.1 8.4 9.1 10.6 6.6 8.0 4.9 6 .6 10.6 5.6 8.1 6.4 8.1 6.8 5.9 6.7 4.3 3.9 5.3 5.9 7.9 2.2 2.6 2.0 2.2 1.8 2.4 2.6 2.4 2.9 2.2 2.2 2.9 2.3 1979 JAN 1.1 1.0 0.6 1.8 1.2 1.7 1.9 0.9 2.1 0.8 2.3 1.7 1.1 FEB 0.9 0.6 0.7 0.9 1.3 1.3 1.5 0.6 1.8 1.0 1.3 1.0 0.9 MAR 1.0 0.4 0.4 0.7 0.7 1.7 1.0 0.9 1.4 9.6 1.2 2.3 1.1 APR 1.2 1.1 0.6 0.5 1.6 1.4 1.2 2.4 1.3 4.1 1.4 2.3 0.8 MAY 0.8 0,7 0.4 0.3 0.9 0.5 0.7 0.8 1.2 3.4 1.4 2.1 1.0 JUN OK LATER 5.4 ft.2 5.3 3.0 6.3 0.9 3.8 7.1 3.4 3.1 3.0 4.7 6.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 0.0 0.0 0.0 0.0 0.0 34.6 28.7 34.2 30.2 33.2 19.3 19.5 17.5 22.3 17.1 AUGF 12.9 14.1 13.2 14.6 SEP 8.4 5.6 10.0 OCT 10.2 5.9 NOV 7.3 DEC 1976 MAY 31 TOTAL NEW YORK • 100.0 100.0 RICHMOND ATLANTA CHICAGO 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100*000 OR MORE BY WEEKLY REPORTING B A N K S . TABLE 60 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 31 MAY 1976 (CUMULATIVE PERCENTAGE) CD'S MAlURINu IN ALL DISTRICTS 1976 MAY 31 TIOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMONO ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 JUN 29.2 34.6 28.7 34.2 30.2 33.2 31.2 26.7 35.4 25.3 38.1 30.3 27.5 JUL 48.5 54.1 46.2 56.5 47.3 55.1 50.6 46.2 56.3 41.3 58.4 48.2 49.4 AUG 61.4 68.2 59.4 71.1 56.3 67.2 64.1 60.3 67.6 52.7 70.2 60.8 61.4 SEP 69.8 73.8 69.4 76.9 68.1 74.8 72.4 67.6 75.0 63.9 77.1 70.5 68.2 OCT 80.0 79.7 *1.6 64.1 76.2 63.2 81.5 78.2 81.6 71.9 62.0 77.1 78.8 NOV 87.3 85.3 89.7 90.5 66.3 90.0 87.4 84.9 85.9 75.8 67.3 63.0 86.7 DEC 89.5 67.9 91.7 92.7 68.1 92.4 90.0 87.3 68.6 78.0 69.5 85.9 89.0 1979 JAN 90.6 88.9 92.5 94.5 89.3 94.1 91.9 68.2 90.9 78.8 91.8 87.6 90.1 FEB 91.5 69.5 93.2 95.4 90.6 95.4 93.4 86.6 92.7 79.8 93.1 88.6 91.0 MAR 92.5 69.9 93.6 96.1 91.3 97.1 94.4 69.7 94.1 89.4 94.3 90.9 92.1 APR 93.7 91.0 94.2 96 .6 92.9 98.5 95.6 92.1 95.4 93.5 95.7 93.2 92.9 MAY 94.5 91.7 94.6 96.9 93.B 99.0 96.3 92.9 96.6 96.9 97.1 95.3 93.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 JUN OR LATER 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF S100,000 OR MORE 6Y MEEKLY REPORTING BANKS. # * e e * e # # # e # e # e e e # e TABLE 6E 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 31 MAY 1976 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN 1*7* ALL DISTRICTS BOSTON JUN 36. 5 4b.8 JUL 19.3 AUG 1/ SEE MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 30.2 40.1 29.2 47.5 41.2 27.6 19.0 21.0 21.5 26.6 19.3 13.2 27.5 15.2 12.7 17.0 13.4 15.0 13.1 15.3 11.5 T.4 4.1 2.8 2.0 4.6 1.0 3.4 2.0 1.5 5.4 7.0 2.1 4.7 1.8 6.3 1.9 3.1 7.8 12.5 17.5 8.9 9.8 7.3 11.9 17.5 0.3 0.7 1.4 1.9 1.6 0.7 0.7 1.7 0.6 0.1 0.8 0.5 0.9 0.1 1.1 0.6 0.4 0.4 1.9 0.7 0.1 0.4 0.9 0.0 1.0 0.5 0.3 0.1 0.0 0.1 0.0 0.1 0.1 0.1 0.0 0.4 0.1 0.4 0.2 0.2 0.2 0.4 0.2 0.6 2.0 0.2 0.6 0.5 4.3 0.5 2.6 1.6 1.3 1.3 2.4 1.2 2.9 3.1 5.7 9.8 3.6 7.1 3.3 100.0 100*0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 39.9 40.1 45.0 40.6 45.5 19.2 13.9 23.4 11.9 19.1 13.3 17.6 11.9 15.9 10.4 SEP 1.7 2.6 0.9 1.9 OCT 5.4 2.7 5.5 3.6 NOV 17.6 8.5 24.9 10.6 17.6 LtC 1.2 1.3 1.0 1.6 1.6 JAN 0.4 0.2 0.2 0.8 FEB 0.4 0.3 0.3 MAR 0.2 0.0 APR 0.9 MAY TCTAL ST. LOUIS IK LATER * TECHNICAL APPENDIX NEW YORK 100.0 100.0 RICHMOND ATLANTA 11.5 100.0 CHICAGO A. 2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. NOTE - SALtS 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 manner: in the following 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 comparable 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. are also lost by the method described above. Some sales Sales of CD 1 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 1 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 m o n t h — a f t e r the survey date--are assumed to mature in the middle of the period between the survey date and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD's outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way. That is, they are weighted averages calculated from the survey date with the assumption made that all CD's mature in the middle of the month. Any CD's sold between survey dates and maturing in the period between the current survey date and the end of the calendar month in which the current survey was taken (a maximum of 6 days) are ignored. Technical Note B (continued) This procedure assumes all CD's sold between survey dates were issued on the most recent survey date." While it appears more logical to assume that all CD's were sold at the mid-point between the two surveys, such an assumption would tend to reduce 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.
@FedFRASER