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X

-2*

March 21, 1968.

v

< . .
.
(A ^

^

#

LA.I
CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
February 28, 1968.

NOTE:

Sales since the previous survey and comparisons with the
previous data reflect a revision in the January series whereby
$5.0 million in outstanding negotiable CD's have been eliminated
from the series.




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

TECHNICAL APPENDIX A
DERVIATION 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 on outstandings quantity for a time period comparable1 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 date—are assumed to mature in the middle of the
period between the .survey date and the 6nd 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.




#

#

*

#

MATURITY

DISTRIBUTION

OF

OUTSTANDING
WEEKLY
AS

CD'S

MATURING

1968

FEBRUARY

REPORTING
OF

29

28

#

#

1

NEGOTIABLE

AfCUNT
( M I L L I O N S OF
DOLLARS!

IN

#

#
TABLE

FEB

TIME

CERTIFICATES

OF

1/
D E P O S I T AT

BANKS
1968

PERCENTAGE
0 1 S T R I BUT ION

CUMULATIVE
PERCENTAGE

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

2.2

2.2

.0

MARCH

5,822.%

27.6

29.8

1,115.3

APRI L

4,866.1

23.1

52.9

884.0

MAY

2 ,567.9

12.2

65. 1

1,052.8

JUNE

2,241.6

10.6

75.7

948.1

JULY

1,600.8

7.6

83.3

412.8

AUGUST

1,030.2

4.9

88.2

549.8

SEPTEMBER

466.7

2.2

90.4

90.7

OCTOBER

395.0

1.9

92.3

61.5

NOVEMBER

258.5

1.2

93.5

55.4

DECEMBER

261.4

1.2

94.7

36.9

JANUARY

356.0

1.7

96.4

18.0

FEBRUARY

1969

457.0

216.6

1.0

97.4

203.3

545.1

2.6

100.0

XXX

21 , 0 8 5 . 7

100.0

XXX

5,428.6

OVER

12

MONTHS

TOTAL

(MEMORANDUM 2
MARCH
MARCH
APRIL

11
15
15

1/

INCLUDES

2/

SEE

3Z

SALES

452,6
875.4
1,036.5

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

TECHNICAL
OF




TAX

CD'S

IN

APPENDIX

A.

MATURING

AFTER

DENCHNATICNS

11

MONTHS.

ANC

CIVIOEND

MATURITIES)
XXX
XXX
XXX

2.1
4.2
4.9

OF

$100,000

CR MORE

ISSLEC

BY

WEEKLY R E P O R T I N G

69.8
98.9
211.2

BANKS.

3/

#
TABLE

2A

1/
MATURITY

D I S T R I B U T I O N OF OUTSTANDING N E G O T I A B L E TIME C E R T I F I C A T E S
NEW YORK C I T Y , C H I C A G O , AND ALL OTHER WEEKLY R E P O R T I N G
AS
(IN
NEW

CD'S

1968

MATURING

FEB

IN

A MO I N T

29

YCPK

CF

28

FEB

MILLIONS

OF

COLLARS)

125.6

ALL

CHICAGO
SINCE
tONTH

2/

-

-

AMOUNT

SALES
PREVIOUS

49.7

.0

AT

1968

CITY

SALES
PREVIOUS

OF D E P O S I T
BANKS

SINCE
MONTH

2/

-

-

OTHER

WEEKLY R E P O R T I N G

BANKS

SALES
PREVIOUS

2/

AMOUNT

SINCE
PONTH

281.7

.0

.0

MARCH

2,005.6

300. 1

530.0

21. 7

3,287.2

783.6

APR IL

1,515.8

342. 1

373.4

37.1

2 , 9 76.9

505.8

MAY

296.6

181.6

67.6

1,623.1

688.9

JUNE

909.7

484.9

185.9

97.7

1,146.0

365.2

JULY

456.4

188.5

173.6

60.1

9 70. . 8

164.8

AUGUST

281.3

131.2

70.9

38.5

678.0

380.6

SEPTEMBER

123.9

31.8

44.3

15.9

2 98.5

42.7

OCTOBER

107.7

10.2

31.9

.8

255.4

50.4

NOVEMBER

79.3

14.3

17.8

10.2

161.4

31.0

DECEMBER

40.0

6.0

6.4

2.2

215.0

28.7

JANUARY

90.2

2.0

21.3

.3

244.5

15.8

FEBRUARY

1969

763.2

40.9

51.7

25.8

20.4

149.9

132.3

26.6

XXX

423.0

1,739.2

382.5

1 2 , 7 1 1.4

OVER

12

TOTAL
NUMBER

OF

1,859.4

6,635.1

*

REPORTING

BANKS

/3

XXX

95.5

MONTHS

/

1/

I N C L U D E S ONLY C E R T I F I C A T E S

2/

SEE

3/

SALES

TECHNICAL
OF C D ' S

IN

APPENDIX

AFTER

DENOMINATION

A.

MATURING

AND

11

MONTHS.

* TOTALS
 MAY NOT ADO DUE TO R O L N D I N G .


OF

DIVIDEND

62.6
65.3
100.1

24.8
10.7
65.7

192.0
356.9
412.8

U
15
15

TAX

$100,000

CP

MORE

ISSUED

-

XXX
3,189.8

242

11

12
(MEMORANDUM:

MARCH
MARCH
APRIL

/3

MATURITIES)
.9
1.3
10.7

BY WEEKLY R E P O R T I N G

198.0
453.2
523,6
BANKS.

43.7
87.1
134.9

/3

TABLE

MATURITY

DISTRIBUTION
NEk

YORK

OF

OUTSTANDING

CITY,

CHICAGO,

AS

OF

28

NEGOTIABLE

ANC

FEE

NEW
MATURING

1 AYS
D

OTHER
AND

2 /

FEB

CITY
31

31

TIME

CERTIFICATES

WEEKLY
JAN

REPORTING

OF

1/

DEPOSIT

AT

BANKS

1968

DISTRIBUTION)

CHCAGO

IN
28

0—6

YORK

ALL

1968

(PERCENTAGE

CD* S

2B

JAN

28

FEB

ALL
31

JAN

28

OTHER

FEB

31

JAN

1 .9

2.9

.0

30 .2

32.6

30.5

24.4

25. 8

24.8

2.2

. 0

01

MONTHS

02

MONTHS

22.8

24.7

21.5

28.8

23.4

20.4

03

MONTHS

11.5

17.0

10.4

19.5

12.8

20.1

04

MONTHS

13.7

6.8

10.7

6.6

9. 0

7.6

05

MONTHS

6 .9

6 . 2

10.0

5.1

7.6

6 . 4

06

MONTHS

4 . 2

3 . 9

4 . 1

6 . 6

5.3

6 . 6

07

MONTHS

1.9

2.2

2.5

1.9

2.3

2 . 4

oe

MONTHS

1 .6

1.3

1.8

1.6

2.0

2.1

09

MONTHS

1.2

1.4

1.0

1.8

1.3

1.7

10

MONTHS

.6

.9

.4

.4

1.7

1.1

11

MONTHS

1 .4

.5

1.2

• 2

1.9

1.5

12

MONTHS

.6

1.3

1.5

1.2

1.2

1.9

1.4

1.2

1.5

1.9

3.3

3.6

100.0

100.0

100.0

100.0

100.0

OF

OR

OVER

12

TOTAL

3/

.0

MONTHS
*

•

1/

INCLUDES
BANKS.

2/

N U M B E R CF
FOLLOWING

DAYS REMAINING IN SURVEY MCNTH. T H I S
THE L A S T W E D N E S D A Y CF T H E M O N T H .

3/

NUMBER

MONTHS

*

TCTALS

CF
MAY

ONLY

NOT




CERTIFICATES

ADC

FOLLOWING
CUE

TO

IN

THE

O E N C M NAT I O N S

SURVEY

ROUNDING.

MONTH.

$100,000

PERIOD

MORE

VARIES

ISSUED

WITH

THE

BY

100. 0

WEEKLY

NUMBER

OF

REPORTING

DAYS

TABLE

2C

1/
MATURITY

DISTRIBUTION
NEW

YORK

CF

CUT S T A N D I NIG N E G O T I A B L E

CITY,

CHICAGC,

AS

OF

28

AND

FEE

ALL

1968

(CUMULATIVE

NEW
S

MATURING

DAYS

AND

31

CERTIFICATES

WEEKLY
JAN

REPORTING

OF

DEPOSIT

AT

BANKS

1968

DISTRIBUTION!

CITY

CH ICAGO

ALL

OTHER

IN
28

0— 6

YORK

OTHER

TIME

2 /

FEB

31

JAN

28

FEB

31

JAN

28

FEB

31

JAf

1.9

2.9

.0

2 . 2

.0

32.1

32.6

33.4

24.4

28.0

24.8

01

MONTHS

02

MONTHS

54.9

57.3

54.9

53.2

51.4

45.2

03

MONTHS

66 .4

74.3

65.3

72.7

64.2

65.3

04

MONTHS

80 .1

81.1

76.0

79.2

73,2

72.9

05

MONTHS

87.0

87.3

86.0

84.4

80.8

79.3

06

MONTHS

91.2

91.2

90.1

91,0

86.1

85.9

07

MONTHS

93.1

93.4

92.6

92.9

88.4

88.3

C8

MONTHS

94.7

94.7

94.4

94.5

90.4

90.4

09

MONTHS

95 .9

96.1

95.4

96.3

9 1 . 7

92,1

1C

MONTHS

96.5

97.0

95.8

96.7

93.4

93.2

11

MONTHS

97.9

97.5

97.0

96.9

9 5 . 3

94. 7

12

MONTHS

98.5

98.8

98.5

96.1

96,5

96,6

100,0

100.0

100.0

100,0

100,0

100,0

CF

OR

OVER

]1 2

3/

.0

MONTHS

1/

INCLUDES
BANKS,

2/

NUMBER CF
FOLLOWING

DAYS R E M A I N I N G IN SURVEY MCNTH. T H I S
THE L A S T W E D N E S D A Y OF T H E M C N T H .

3/

NUMBER

MONTHS




CF

ONLY

CERTIFICATES

FOLLOWING

IN

THE

DENOHNATICNS

SURVEY

MONTH•

$100,000

PERIOD

MORE

VARIES

ISSUED

WITH

THE

BY

WEEKLY

NUMBER

OF

REPORTING

DAYS

TABLE

MA^RITY

2A

DL S T R I B W T I O N O F C U T S H N D I N G
NEGCT A B L
AT W E E K L Y R E P O R T I N G B A N K S
AS O F 2 8 F E B
(AVCUNTS
IN M I L L I O N S

E TIME C E R T I F I C A T E S
BY S I Z E O F B A N K S 2 /
1968
OF COLLARS I

OF

® P O S I T

SI
*200

$200
C C S

MATURING

TOTAL

IN

MILLION
AND U N D E R

MILLION

$500

$500

TC
MILLION

MILLION

1 /

BILLION

AND

P R I MF

~

TO
BILLION

OVER
3/

NEW Y O R K
CITY

SI

OUTSIDE
NEW Y O R K
CITY

121.8

323. T

NON-PRIME

1 4 4 . 6

TOTAL

4 5 6 . 9

19.0

63.6

50.7

5 , 8 2 2 . 7

264.7

6 4 2 . 5

1 , 0 3 3 . 3

3 , 8 8 2 . 2

1 , 8 4 6 . 2

1 , 1 8 8 . 4

8 4 7 . 6

MARCH
APR IL

4 , 8 6 6 . 1

211.8

5 1 6 . 1

8 2 4 . 1

3 , 3 1 4 . 1

1 , 4 2 0 . 0

1 , 1 7 8 . 4

71 5 . 7

MAY

2 , 5 6 7 . 9

123.9

332.0

4 2 9 . 9

1,682. 1

724.2

6 1 8 . 7

3 3 9 . 2

2 , 2 4 1 . 5

8 6 . 1

2 2 1 . 7

319.0

1 , 6 1 4 . 7

879. 6

4 7 0 . 2

2 6 4 . 9

JUNE
JULY

1 , 6 0 0 . 8

7 1 . 2

169.1

240.2

1 , 1 2 0 . 3

4 3 6 . 6

4 8 3 . 5

2 0 0 . 2

AUGUST

1 , 0 3 0 . 3

4 6 . 8

156.3

144.7

6 8 2 . 5

256.2

2 6 3 . 0

1 6 3 . 3

SEPTEMBER

466. 5

2 5 . 9

4 3 . 4

107.0

290.2

I 09. 7

120.4

6 0 . 1

3 9 5 . 1

16.7

4 7 . 2

6 9 . 3

261.9

1C5.7

105.1

5 1 . 1

OCTOBER

2 5 8 . 4

9.7

4 1 . 3

4 1 . 9

165.5

72.4

5 2 . 6

4 0 . 5

NOVEMBER

2 6 1 . 4

1 8 . 0

6 7 . 8

4 8 . 7

126.9

3 8 . 9

4 3 . 7

4 4 . 3

DECEMBER

3 5 5 . 9

14.4

4 1 . 2

6 3 . 6

2 3 6 . 7

86.5

9 1 . 4

5 8 . 8

JANUARY

2 1 6 . 5

5.9

29.9

38.0

1 4 2 . 1

35.2

8 6 . 0

2 1 . 5

FEBRUARY
MARCH
OR L A T E R

1968

5 4 5 . 1

5.7

49.0

93.4

397.C

88.8

2 2 5 . 3

8 2 . 9

2 1 , 0 8 5 . 1

919.8

2 , 4 2 1 . 1

3 , 5 0 3 . 8

1 4 , 2 4 0 . 4

6,221.8

5 , 0 7 1 . 3

2 , 9 4 7 . 3

FEB

1969

29

TOTAL

*

(MEMORANDUM:

TAX

AND

DIVIDEND

MATURITIES)

21.0

26.4

59.2

346.1

180.5

5 7 . 8

11

4 5 2 . 7

107.8

MARCH

15

875.3

2 7 . 8

76.4

141.2

629.9

34C.5

160.8

128.6

MARC F

16.9

6 5 . 1

130.2

8 2 4 . 3

381.6

121.2

15

1 , 0 3 6 . 5

3 2 1 . 5

APRIL


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

—
265

93

(MEFORANDUF:

NUMBER
86

OF

BANKS I
49

TY

ADO

DUE

TO

ROUNDING.

18

12

37

AND

WHICH

ARE

TABLE

SALES

?B

/I/

CF

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 O f C E P O S IT S I N C E P R E V I O U S
AT WEEKLY R E P E A T I N G BANKS BY S I Z E OF BANKS 3 /
AS O F 2 8 FEE 1 9 6 8
(AMOUNTS IN P I L L IONS OF C O L L A R S )

MONTH

SI

CD'S

MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
TC
MLLICN

$500

MILLION
TO
B I L L ION

2/

BILLION

AND OVER

PRIME

-

4/

1968

FEB

$1

OUTSIDE
NEW YORK
C I TY

N O N - •PR I f E

NEW YORK
CITY

$500

TOTAL

29
83.9

184.3

254.1

592. 6

261.3

140.8

190.7

8 84. 0

38 . 5

81.2

169.2

595. 1

333.3

137.0

124.8

1 ,C52.8

64.7

150.1

197.9

640. 1

277.2

202.0

160.9

JUNE

948.1

14.5

55.6

116.9

761.1

476.3

188.5

94.3

JULY

412.8

6.5

13.1

41.9

351.3

184.7

132.7

33.9

AUGUST

549.9

32.7

73.8

80.4

363. C

119.6

154.1

89.3

SEPTEMBER

90.5

3.0

2.9

10.8

73. e

31.8

35.9

6. 1

OCTOBER

61.6

2.1

2.5

16.0

41.0

10.2

23.6

7.2

NOVEMBER

55.3

1.6

1.8

11.5

40. 4

12.1

18.3

10.0

DECEMBER

36.9

1.4

6.8

5.7

23.0

5.9

6.5

10.6

JANUARY

18.0

0.4

1.1

6.2

10.3

1.9

6.0

2.4

203.3

6.4

24.7

42.8

129.4

45.6

64.0

19.8

5 ,428.3

255.7

597.9

953.4

3, 6 2 1 . 3

1,761.9

1 ,109.4

750. 0

TAX

A I U U 1 V 1 U n M ri m i
M kin n m T n Ckl1-11 U ATI IO IT i TCCIJl
N
t IL

1,115.1

MARCH
APR IL
MAY

1969

FEBRUARY
OR LATER
TOTAL

*

/ uc yn D a X ni # w *
I
MARCH

11

7C.0

5.9

5.7

14.6

43. e

24.7

6.9

12.2

MARCH

15

98.7

5.0

21.9

22.8

49. 0

8.3

12.2

28.5

APRIL

15

211.3

5.4

19.8

45.9

140.2

64. 6

48.3

27.3

NUMBE R OF

(MEKOR, ANDUM:
265

1/
2/
3/
4/

93

86

BANKS)
49

SEE TECHNICAL 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 I N DE h C P I N A T I C N S OF $ 1 0 0 , 0 0 0 CR f C F E I S S U E D EY WEEKLY 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 I N THE CALL REPORT OF C O N D I T I O N ON DECEMBER 3 1 ,
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 REGARDED AS B E I N G OF THE H I G H E S T
R E P O R T E D BY D E A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY M A R K E T .

 MAY NOT ADD DUE TO R O U N D I N G .
*
TOTALS


18

12

37

QUALITY

AND

WHICH

ARE

TABLE

3C

MATURITY

C I S T R I B t T I Q N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S
AT WEEKLY R E P O R T I N G BANKS BY S I Z E OF B A N K S 2 /
AS CF 2 8 F E E 1 9 6 8
PERCENTAGE D I S T R I B U T I O N

OF

$1

-

CD'S

MATURING

IN

TOTAL

1200
MILLION
AND UNDER

$200
$500

$500

MILLION
TO
MILLION

$1

M I L L ION
TO
BILLION

DEPOSIT

1/

BILLION

P R I ME

— —

-

AND

—

—

—

—

TOTAL
NEW YORK
CITY

-

OVER
3/

————
———
OUTSIDE
NEW YORK
C I TY

NON-PRIME

2.2

2.1

2.6

1.4

2.3

2.0

2.9

1.9

MARCH

27.6

28.8

26.5

29.5

27.3

29.7

23.4

28.8

APR I L

23. 1

23.0

21.3

23.5

23.3

22.8

23.2

24.3

MAY

12.2

13.5

13.7

12.3

11.8

11.6

12.2

11.5

JUNE

10.6

9.4

9 , 2

9.1

11.3

14. 1

9.3

9 . 0

JULY

7.6

7.7

7.0

6.9

7.9

7.0

9.5

6.8

AUGUST

4 . 9

5. 1

6.5

4.1

4. 8

4.1

5.2

5.5

SEPTEMBER

2.2

2.8

1.8

3.1

2.0

1.8

2.4

2.0

OCTOBER

1.9

1.8

1.9

2.0

1.8

1.7

2.1

1.7

NOVEMBER

1.2

1.1

1.7

1.2

1.2

1.2

1.0

1.4

DECEMBER

1.2

2.0

2.8

1.4

0.9

0.6

0.9

1.5

JANUARY

1.7

1.6

1 .7

1.8

1.7

1.4

1.8

2.0

FEBRUARY

1.0

0.6

1.2

1.1

1.0

0.6

1.7

0 . 7

MARCH
OR L A T E R

2.6

0.6

2.0

2.7

2. 8

1.4

4 . 4

2.8

100.0

100.0

100.0

100.0

100.0

1968

FEB

1969

TOTAL

29

*

IOC. G

— —

(MEMORANDUM 2

TAX

AND

DIVIDEND

100.0

ICO. C

MATURITIES)

MARCH

11

2.1

2.3

1.1

1.7

2.4

2.9

2.1

2.0

MARCH

15

4.2

3.0

3.2

4.0

4.4

5.5

3.2

4.4

APRIL

15

43. 8

25.7

38.8

39.4

45.8

42.3

54.5

39.4

1/
2/
3/

I N C L U D E S C E R T I F I C A T E S I N D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 CR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S
1<=65.
T O T A L D E P O S I T S A S R E P O R T E D I N THE C A L L R E P O R T CF C C N C I T I C N ON CECEMBER 3 1 ,
P R I M E B A N K S A R E THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G O F THE H I G H E S T
R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
T O T A L S MAY NOT ADD DUE TO R O U N D I N G .




QUALITY

AND

WHICH

ARE

#

#

TABLE

e

#

MATURITY

3D

#

#

e

#

D I S T R I B U T I C N CF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S
AT WEEKLY R E P O R T I N G BANKS BY S I Z E O F B A N K S 2 /
AS OF 2 8 F E B 1 9 6 8
C U M U L A T I V E P ERCENTAGE

OF

#

DEPOSIT

$1

CD'S

1968

MATURING

FEB

IN

29

TOTAL

$200
MILLION
AND UNDER

2.2

$200
$500

MILLION
TO
MILLION

$500
$1

M I L L ION
TO
BILLION

1/

BILLION

AND

PRIME

-

•

OVER
3/
CUTSIOE
NEW Y O R K
CITY

TOTAL
NEW YORK
CITY

NON-PRIME

2.1

2.6

1.4

2.3

2. C

2.9

1.9

MARCH

30.9

29.1

30.9

29.6

31. 7

26.3

30.7

APRIL

52.9

53.9

50.4

54.4

52.9

54.5

4 9 . 5

55.0

MAY

65.1

67.4

64.1

66.7

64.7

66.1

61.7

66.5

JUNE

75.7

76.8

73.3

75.8

76.0

80.2

7 1 . 0

75.5

JULY

83.3

84.5

80.3

82.7

83.9

87.2

80.5

8 2 . 3

AUGUST

88.2

89.6

86.8

86.8

88.7

9 1 . 3

85.7

87.8

SEPTEMBER

90.4

92.4

88.6

89.9

90.7

93.1

88.1

89.8

OCTOBER

92.3

94.2

90.5

91.9

92.5

94.8

90.2

91.5

NOVEMBER

93.5

95.3

92.2

93.1

9 3 . 7

96.0

91.2

92.9

DECEMBER

94. 7

97.3

95.0

94.5

94.6

96.6

92.1

9 4 . 4

JANUARY

96.4

98.9

96.7

96.3

96.3

98.0

93.9

9 6 . 4

FEBRUARY

1969

2S. E

97.4

99.5

97.9

97.4

9 7 . 3

98.6

95.6

97.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

MARCH
OR L A T E R

1/
2/

INCLUDES C E R T I F I C A T E S IN DENOMINATIONS
T O T A L D E P O S I T S A S R E P O R T E D I N THE C A L L




O F $ 1 0 0 , 0 0 0 CR MORE
R E P C R T CF C C M 3 I T I C N

I S S U E D BY W E E K L Y R E P O R T I N G
ON D E C E M B E R 3 1 ,
1S65.

BANKS.
U L <

.

U E C T

,

T V

AND

WHICH

ARE

TAHL F

3E

SALES

t i t

CF

N E G O T I A B L E T I N E C E R T I F I C A T E S OF C E P O S I T S I N C E P R E V I O U S
AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E O F B A N K S 3 /
AS O F 2 6 F E E 1 9 6 8
PERCENTAGE D I S T R I B U T I O N

MONTH

SI
CD'S

MATURING

IN

$?00

TOTAL

MILLION
AND U N D E R

$200
$500

MILLION
TC
MILLION

$500
$1

MILLION
TO
BILLION

2/

BILLION

-

AND

PRIME
TOTAL

OVER
4/

1968

FEB

OUTSIDE
NEW YORK
CITY

NON-PRIME

NEW YORK
CITY
29

MARCH

2C.5

32.8

30.8

26.7

16.4

14. 8

12.7

25.4

APR IL

16.3

15.1

13.6

17. 7

16.4

1 8. 9

12.3

15.4

16.6

MAY

25.3

25.1

20.8

17.7

15.7

JUNE

18.2

21.5

17.5

5.7

9 . 3

12.3

21.0

27.1

JULY

17.0

12.6

7.6

2.5

2.2

4.4

9. 7

10.5

12.0

4 . 5

IC.l

12.8

12.3

8.4

10.C

6.8

13.9

1 1.9

SEPTEMBER

1. 7

1.2

0.5

1.1

2.0

1.8

3.2

1.1

0.8

OCTOBER

0.8

0 . 4

1.7

1.1

0.6

2.1

1. C

0.6

1.0

NOVEMBER

0 . 3

1.2

1.1

0.7

1.6

1.3

DEC EMBER

C. 7

0.5

1.1

0. 6

0.6

C.3

0.6

1.4

JANUARY

0.3

0.2

0.2

0.7

0.3

0,1

0.5

0 , 3

2-5

4.1

4 . 5

3.6

2.6

5.8

2.6

100.0

ICO. 0

100.0

100 .0

AUGUST

1969

FEBRUARY
OR L A T E R
TOTAL

3.7

1 00. 0

*

100.0
—

MARCH

11

100.0

(MEMORANDUM:

100.0

TAX

AND

DIVIDEND

MATURITIES)

1.3

2.3

1.0

1.5

1,2

1.4

0.6

1.6

MARCH

15

1.8

2-0

3.7

2.4

1.4

0.5

1.1

3.8

APRIL

15

3.9

2.1

3.3

4 . 8

3.9

3. 7

4 . 4

3.6

( MEMORANDUM:
265

1/

SEE

TECHNICAL

APPENDIX

93

A.

86

OF

BANKS )
49

37

12

18

"

,"pZo"°=;SmKN

i;



NUMBER

AND

I

E

E

E

"

WHICH

ARE

TABLE
AVERAGE

4 4

MATIJR I T Y
OF

OUTSTANDING

NEGOTIABLE
AT

WEEKLY

AT

TIME

REPORTING

VARIOUS
(IN

CERTIFICATES

SURVEY

DEPOSIT

1/

BANKS
DATES

MONTHS)

DATE OF
BANK

OF

SURVEY

CLASSIFICATION
28

FEB

1968

31

JAN

1968

27

DEC

1967

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

REPORTING
ISSUING

BANKS

CD'S

2.9

2.9

2.9

2.6

2.5

2.4

CHICAGO

2.7

2.7

2.7

OTHER

3.1

3.2

3.2

NEW

YORK

CITY

(BY

UNDER

$200

$200-1500

MILLION

OVER

$1

NEW

OUTSIDE

NEW

YORK

CITY

3F

NON-PRIME

TOTAL

DEPOSITS

AS

DENOMINATIONS

REPORTED

P R I M E BANK
 S A R E T H O S E
W H I C H ARE R E P
http://fraser.stlouisfed.org/ O R T E D B Y
Federal Reserve Bank of St. Louis

IN

THE

CALL

WHOSE N E G O T I A B L E
D E A L E R S TO TRADE

OF

$100,000

R E P CRT

CF

OR

3.1

3.0

3 . 0

2.9

2.8

2.5

2 . 4

3.2

3/

3.2

2.6

CITY

2 . 7

2.9
YORK

2.9

3.3

3.3

2.9

PRIME

IN

2/

2.9

BILLION
IN

CERTIFICATES

BANK)

3.0

MILLION

PRIMF

INCLUDES

OF

2.7

MILLION

$500-$L,000

SIZE

3.0

3 . 0

MORE

CONDITION

ISSUED
ON

BY

WEEKLY

DECEMBER

31,

REPORTING

BANKS.

1965.

C E R T I F I C A T E S C F D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T Q U A L I T Y AND
W I T H I N 1 CR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .

#

#

#

#

S

TABLE
AVERAGE

48 *

$

®

MATURITY

OF
NEGOTIABLE
SOLD

TIME
RY

DURING

CERTIFICATES

WEEKLY

THE

MCNTH
(IN

OF

REPORTING
OF

DEPOSIT

BANKS

VARIOUS

SURVEYS

MONTHS)

DATE O F
BANK

SURVEY

CLASSIFICATION
28

FEB

1968

31
(BY

ALL

1/

REPORTING

JAN

1968

27

DEC

1967

LOCAT ION 1

BANKS
3.2

2.7

2.6

3.1

2.3

2.1

CHICAGO

4 . 0

2.6

2.7

OTHER

3.1

2.9

3 . 0

ISSUING

NEW

YORK

CD'S

CITY

(BY

UNDER

$200

$200-$500

OVER

$1

OUTSIDE

CITY

NEW

YORK

CITY

3/

NON-PRIME

2/

TOTAL

DEPOSITS

3/

PR | M F
WHICH

B A N K S ARE T H O S E
ARE R E P O R T E D BY

Digitized N O T E — S E E T E C H N I C A L
for FRASER


AS

IN

DENOMINATIONS

REPORTED

IN

THE

CALL

WHOSE N E G O T I A B L E
D E A L E R S TO T R A D E

APPENDIX

B.

OF

$100*000

REPORT

CF

OR

3.1

2.8

2. 7

2.6

2.5

2.3

2.0

3.9

3/

3.2

3.1

YORK

3 . 0

2.9

3.2

2.9

NEW

2.9

3.3

BILLION

PRIME

CERTIFICATES

2/

3.0

MILLION

IN

INCLUDES

BANK)

2.8

MILLION

PRIME

1/

OF

2.6

MILLION

$ 5 0 0 - $ l t 0 0 0

SIZE

2.6

2.7

MORE

CONDITION

ISSUED
ON

BY

WEEKLY

CECEMBER

31,

REPORTING

BANKS.

1965.

C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D A S B E I N G O F THE H I G H E S T Q U A L I T Y AND
W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C F O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .

@

#

#

#

#

*

#
TABLE

RATIO

OF

OUTSTANDING

NEGOTIABLE
TO
AT

TOTAL

VARIOUS
(PER

#

TOTAL D E P O S I T S ? /
M I L L I O N S OF DOLLARS 1

ALL

BANKS
CD'S

28

FEB

#

TIME

CERTIFICATES

OF

DEPOSIT

1/

DEPOSITS
SURVEY

DATES

CENT I

1968

31

OF

JAN

SURVEY

1968

27

DEC

1967

ISSUING
10.2

10.0

9.6

UNDER

2 00

6 , 3

6 . 0

5.7

200

-

500

8 . 1

7.7

7.3

500

-

1000

9 . 5

9 . 0

8.4

11.4

11.3

10.9

13.3

13.3

13.2

9 . 7

9 . 5

8. 8

11.6

11.3

10.5

OVER

1000

PRIME

IN

PRIME

NEW

OUTSIDE

YORK
NEW

3/
YORK

3/

NONPRIME

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PRIME
WHICH

BANKS ARE T H O S E
ARE R E P O R T E D BY

NOTE-




*

5A

DATE

I IN

#

CERTIFICATES
AS

IN

DENOMINATIONS

REPORTED

IN

THE

CALL

WHOSE N E G O T I A B L E
D E A L E R S TO T R A D E

OF

*100,000

REPORT

CF

OR

MORE

CONDITION

ISSUED
ON

BY

WEEKLY

DECEMBER

31,

REPORTING

BANKS.

1965.

C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T Q U A L I T Y AND
W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T .

D E P O S I T S I N THE D E N C M I N A T O R OF THE R A T I O
I N T E R B A N K AND U . S .
GOVERNMENT D E P O S I T S .

IN

THIS

TABLE

ARE

TOTAL

DEMAND

AND

TIME

DEPOSITS,

INCLUDING

#
TABLE
RATIO

OF

OUTSTANDING

NEGOTIABLE

5B
TIME

CERTIFICATES

TO

TOTAL
CF

FEB

28

(NUMBER

TOTAL
(IN

ALL

DEPOSITS

MILLIONS

BANKS

OF

2 /

5 %
OR

DOLLARS)

DEPOSIT

OF

1968

BANKS)

5
TO

10
TO

15
TO

20
TO

25%
OR

10%

LESS

1/

DEPOSITS

AS

OF

15%

20%

25%

MORE

AVERAGE

CO

TO D E P O S I T
RATIO (PER CENT)

ISSUING

CD'S

104

71

53

24

10

3

10.2

UNDER

200

49

27

8

7

2

0

6 . 3

200

-

500

40

18

17

6

2

3

8.1

500

-

1000

13

14

14

5

3

0

9 . 5

2

12

14

6

3

0

1 1 . 4

0

0

5

2

0

0

13.3

0

7

2

2

1

0

9 . 7

2

5

7

2

2

0

1 1 . 6

OVER

1000

PRIME

IN

NEW

PRIME

OUTSIDE

YORK
NEW

3 /
YORK

3/

NONPRIME

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PRIME
WHICH

BANKS ARE THOSE
ARE R E P O R T E D BY

NOTE-

CERTIFICATES
AS

IN

DENOMINATIONS

REPORTED

IN

THE

CALL

WHOSE N E G O T I A B L E
D E A L E R S TO T R A D E

CF

$100,000

REPORT

MORE

CONDITION

ISSUEC
ON

BY

WEEKLY

DECEMBER

31,

REPORTING

BANKS.

1965.

C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y AND
W I T H I N 1 CP 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY M A R K E T .

D E P O S I T S I N THE D E N O M I N A T O R OF THE R A T I O
I N T E R B A N K AND U . S .
GOVERNMENT D E P O S I T S .




CF

OR

IN

THIS

TABLE

ARE

TOTAL

DEMAND

AND

TIME

DEPOSITS,

INCLUDING

T ABL E

PER

CENT

CHANGE

IN

OUTSTANDING
31

JAN

NEGOTIABLE

1968

TO

(NUMBER

DECLINES
TOTAL
(IN

ALL

DEPOSITS

MILLIONS

BANKS
CD'S

OF

5C

28

OF

TIME

FEB

CERTIFICATE

OF

DEPOSIT

/I

1968

BANKS )

INCREASES

OF

OF

2 /
CD'S
TO
ZERO

DOLLARS)

1 0 % OR
MORE

ISSUING

5% OR
LESS

5 TO
10%

5%

NO
CHANGE

5

OR

1 0 % OR
MORE

TO

10%

LESS

20

21

53

31

57

35

I S S U E D C D ' S BUT
HAD NONE O U T S T A N D I N G ON B A S E D A T E

57

UNDER

200

0

9

8

16

20

15

5

26

0

200

-

5C0

0

6

7

19

10

15

12

19

0

500

-

1000

1

3

1

11

1

15

10

9

0

0

2

5

7

0

12

8

3

0

0

1

3

1

0

1

1

0

0

0

0

1

2

0

6

1

2

0

0

1

1

4

0

5

6

1

0

OVER

1000

PRIME

IN

NEW

YORK

PRIME

OUTSIDE

3/

NEW

YORK

3/

NONPRIME

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PRIME

BANKS

WHICH

ARE

NOTE-

CERTIFICATES
AS

ARE

THOSE

THE

NUMBER

HAD

OUTSTANDING




DENOMINATIONS
IN

REPORTED

REPORTED
OF

IN

BY

WHOSE

CD'S

IN
ON

CALL

NEGOTIABLE

DEALERS

BANKS

THE

THIS
THE

TO

TRADE

TABLE
LAST

OF

S100,000

REPORT

OF

OR

CONDITION

CERTIFICATES
WITHIN

DIFFERS
SURVEY

1

MORE

OR

FROM

REDUCED

OF
2

ISSUED
ON

THOSE
THEIR

IN

WEEKLY

DECEMBER

DEPOSIT

BASIS

BY

ARE

POINTS
MOST

31*

REPORTING
1965.

REGARDED
OF

OTHER

OUTSTANDINGS

EACH

AS

BEING

OTHER

TABLES
TO

BANKS.

ZERO

TO
ON

OF

WITHIN
THE

THE
THE

EXTENT

THIS

HIGHEST

QUALITY

SECONDARY
THAT

SURVEY.

BANKS

MARKET.
THAT

AND

TABLE

PFR

CENT CHANGE

IN

OUTSTANDING
29

NCV

NEGOTIABLE

1967

TO

(NUMBER

TOTAL
(IN

ALL

DEPOSITS

MILLIONS

BANKS
CD* S

OF

/2

DOLLARS)

REDUCED CD# S 25%
TO
OR
ZERO
MORE

DECLINES
20
TO
25%

15
TO
20%

50

OF

28

TIME

FEB

CERTIFICATE

OF

Z1

1968

BANKS!

OF

10
TC
15%

DEPOSIT

INCREASE
5
TO
10%

5%
OR
LESS

NO
CHANGE

5%
OR
LESS

5
TO
10%

10
TO
15%

OF

15
TO
2 0%

20
TO
25%

25%
OR
MORE

ISSUED
C D ' S BUT HAD
NONE
OUTSTANDING
ON B A S E DATE

ISSUING
2

25

8

10

12

21

31

14

25

27

23

11

19

45

2

UNDER

200

0

15

0

3

6

6

8

9

5

6

6

5

9

21

0

200

-

500

0

9

4

3

2

4

9

5

12

9

6

5

4

15

1

500

-

1000

2

1

1

4

3

6

4

0

6

7

5

1

3

7

1

0

0

3

0

1

5

10

0

2

5

6

0

3

2

0

3/

0

0

2

0

1

3

0

0

1

0

0

0

0

0

0

YORK 3 /

0

0

1

0

0

1

4

0

1

1

3

0

0

1

0

0

0

0

0

0

1

6

0

0

4

3

0

3

1

0

OR MORE

ISSUED

OVER

1000

PRIME
PRIME

IN

NEW

OUTSIDE

YORK
NEW

NONPR IME

1/

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

2/

TOTAL

3/

P R I M E B A N K S ARE THOSE
WHICH ARE R E P O R T E D BY

NOTE-




DEPOSITS

AS

IN

DENOMINATICNS

REPORTED

IN

THE

CALL

OF

$100,000

REPORT

CF

CONDITION

ON

BY WEEKLY R E P O R T I N G

DECEMBER

31.

BANKS.

1965.

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 REGARDED A S B E I N G OF THE H I G H E S T Q U A L I T Y AND
D E A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SECONDARY M A R K E T .

THE NUMBER OF B A N K S I N T H I S
HAD O U T S T A N D I N G C D ' S ON THE
O U T S T A N D I N G S TO Z E R O .

TABLE D I F F E R S FROM T H O S E IN MOST OTHER T A B L E S TO THE E X T E N T THAT B A N K S
SURVEY T H R F F MONTHS P R I O R TO THE CURRENT S U R V E Y , R E D U C E D T H E I R

THAT

#

#

#

#

#

#

#

TABLE
CHANGE

IN

OUTSTANDING

OVER

THE

AT

AS

THE

31

A

PER

1968

(IN

DEPOSITS

MILLIONS

OF

2 /

DECLINES

DOLLARS)

3%

ALL

BANKS

OF
28

OF

CERTIFICATES
OF

TOTAL

THE
FEB

OF

2

DEPOSIT

1/

PERIOD
1968

BANKS)

INCREASES

1
TO
2%

#

DEPOSITS

CF

TO
3%

AND
OVER

CENT

TO

(NUMBER

TOTAL

TIME

BEGINNING

JAN

#

5 E

NEGOTIABLE

MONTH

#

1%

NO

1%

ANO
LESS

CHANGE

AND
LESS

OF

1

7

TO
2%

TO
3*

3%
AND
OVER

ISSUING

CD'S

0

1

12

82

22

108

23

11

6

UNDER

200

0

1

4

27

14

32

10

3

2

200

-

500

0

0

2

32

8

30

6

500

-

1C00

0

0

1

14

0

27

3

19

4

OVER

1000

0

PRIME

IN

NEW

YORK

PRIME

OUTSIDE

3 /

NEW

YORK

0
3

/

CERTIFICATES

INCLUDES

2Z

TOTAL

DEPOSITS

3Z

PRIME
WHICH

BANKS ARE THOSE
ARE R E P O R T E D BV




DEPOSITS
INTERBANK

IN

AS

IN

WHOSE N E G O T I A B L E
D E A L E R S TO T R A D E

DENOMINATOR

U.S.

CALL

OF

GOVERNMENT

THE

2

1

0

THE

0

3

DENOMINATIONS

REPORTED

THE

AND

IN

9

0
0

1/

5

0

0

NUNPRIME

NOTE-

0

0

5

1100,000

REPCRT

2

2

1

OF

0

CF

OR

MORE

CONDITION

ISSUED
ON

BY

WEEKLY

DECEMBER.31,

0

4

2
0

0
0

8

2
2

0

9

0

6

0
0

0

REPORTING

0
0

BANKS.

1965.

C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y AND
W I T H I N 1 CP 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE
SECONDARY MARKET.
RATIO

DEPOSITS.

IN

THIS

TABLE

ARE

TOTAL

DEMAND

AND

TIME

DEPOSITS,

INCLUDING

#

*

#

#

#

#

#

TABLE
CHANGE
OVER

IN

OUTSTANDING

THE

LAST

MONTHS

AT THE
29

AS

1967

TO

(NUMBER

TOTAL
UN

ALL

DEPOSITS

MILLIONS

BANKS
CD' S

OF

DECLINES

2/
53
AND
OVER

DOLLARS)

5%

CERTIFICATES

OF
28

OF

CENT OF

THE
FEB

OF

DEPOSIT

#

1/

TOTAL D E P O S I T S

P ER 10 C
1968

BANKS)

INCREASES

OF

?

3
TO
4%

4
TO

TIME
A PER

BEGINNING

NOV

#

5 F

NEGOTIABLE

THREE

#

1
TO
?.%

TO

3%

NO
CHANGE

1%
AND
LESS

IS
AND
UNDER

1
TO
2%

OF

5%

4
TO
5%

3
TO
4%

2
TO
3%

AND
OVER

ISSUING
0

0

6

10

28

62

6

79

27

23

12

6

4

UNDER

200

0

0

5

0

9

22

3

27

7

12

6

1

1

200

-

500

0

0

0

5

6

21

3

26

12

8

1

2

1

500

-

1000

0

0

0

3

7

9

0

14

5

2

4

• 2

2

0

0

1

2

6

10

0

12

3

1

1

1

0

0

0

1

2

3

0

0

1

0

0

0

0

0

0

0

0

0

2

4

0

5

1

0

0

0

0

0

0

0

0

1

6

0

6

2

1

1

1

0

OVER

1000

PRIME

IN

NEW

PR IME O U T S I D E

YORK
NEW

3/
YORK

3/

NONPR IME

1/

INCLUDES

2/

TOTAL

DEPOSITS

3/

PRIME
WHICH

B A N K S ARE THOSE
ARE R E P O R T E D BY

NOTE-




CERTIFICATES
AS

IN

DENOMINATIONS

REPORTED

IN

THE

CALL

WHOSE N E G O T I A B L E
D E A L E R S TO TRACE

CF $ 1 0 0 , 0 0 0
REPORT

CF

OR MORE

CONDITION

ISSUED
ON

BY

WEEKLY R E P O R T I N G

DECEMBER

31,

BANKS.

1965.

C E R T I F I C A T E S OF D E P O S I T ARE REGARDED A S B E I N G OF THE H I G H E S T Q U A L I T Y AND
W I T H I N 1 OR 2 B A S I S P O I N T S O F EACH OTHER W I T H I N THE SECONDARY M A R K E T .

D E P O S I T S I N THE DENOMINATOR OF THE R A T I O
I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S .

IN

THIS

TABLE

ARE

TOTAL

DEMAND AND

TIME

DEPOSITS,

INCLUDING

TABLE
MATURITY

DISTRIBUTION

OF

OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S
AT WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E D I S T R I C T
AS

(AMOUNTS

CD'S

MATURING

ALL
DI S TRICTS

IN

BOSTON

NEW
YORK

6A

PHI L A DELPHI A

OF

IN

28

FEB

MILLIONS

OF

DEPOSIT

1/

1968
OF

CLEVELAND

RICHMOND

COLLARS)

A TL AN TA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

5.5

10.6

20.9

88.0

7. C

457.1

12.9

163.9

12.2

40.9

12.3

9.6

73.3

MAR

5822.7

321.0

2484.2

142.9

353.3

92. 7

172.8

818.9

114.5

70.0

118.0

360.4

774.0

APR

4866.1

2 83.1

1828.9

130.9

360.7

62.1

107.3

631.2

72.1

95.8

122.8

325.4

845.8

MAY

2567. 9

181.7

905.1

76.5

177.4

47.9

65.2

338.2

58. 7

41.3

73.4

168.7

433.8

J UN

2241.6

154.0

1060.1

69 .8

119.5

27.5

43.0

283.9

29.9

30.6

38.3

83.3

301.7

JUL

1600. 8

71.4

540.9

29.5

149.9

22.2

42.5

247.1

23.5

13.6

32.4

133.4

294.4

AUG

1030.2

43.5

344.3

36.2

117.3

8.2

22.3

137.8

21.2

8.8

13.5

63.3

213.8

SEP

466. 6

34.6

167.7

15.3

46.6

14.8

8.3

77.6

9.6

5.5

6.1

22.7

57.8

OCT

3 95. 0

51.7

124.8

7.5

46.6

13.2

8.8

59.2

3.3

2.8

6.4

48.7

52.0

NOV

258.5

20.8

90.2

8.3

14.4

7.0

9.1

45.4

3.9

1.3

3.4

16.3

38.4

DEC

261.7

9.2

57.4

10 . 9

28.0

27.6

9.4

23.7

9. 6

5.4

9.1

29.6

41.8

JAN

355.9

14.8

111.4

16.5

21.5

3.5

10.9

48.1

4.2

4.5

4.6

36.1

79.8

FEB

216.5

13.4

50.2

3.8

12.7

7.8

9.7

39.6

4.3

0.9

1.8

14.1

58.2

545. 1

30.4

122.6

31 . 8

161.5

11.9

22.1

65.7

4.7

0.2

0.0

25.7

68.5

21085.7

1242.5

8051.7

592.1

1650.3

358.7

541 .0

2889.7

366. 5

286.2

440.4

1318.6

3348 .0

AVERAGE M A T U R I T Y
I N MONTHS 2 /

2.8

2.9

2.5

3.3

3.8

3.6

3.0

2.9

2.7

2.3

2.3

2.9

3.0

NUMBER
BANKS

765

18

47

10

20

16

21

36

10

5

21

25

36

1968

1969

FEB

29

MAR OR
TOTAL

*

OF

REPORTING

1/

INCLUDES

2/

SEE

*

LATER

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

TECHNICAL

DETAILS

APPENDIX

MAY NOT ADD




TO

ISSUED

IN

DENCMINAT I O N S

B.
TOTALS

DUE TO R O U N D I N G .

OF

$100,000

OR MORE BY WEEKLY R E P O R T I N G

BANKS.

1Z

SALFS

TABLE

OF

NEGOTIABLE TIME

C E R T I F I C A T E S OF D E P O S I T
WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E D I S T R I C T
AS

(AMOUNTS

CD'S

ALL
DI S TRICTS

BOSTON

MAR

1115.3

77.8

APR

1968

MATURING

IN

6B

884.1

OF

IN

28

FEB

2/

SINCE PREVIOUS

1968

M I L L I O N S OF

DOLLARS)

SAN
FRANCESCO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

84.3

27.1

14.8

31.9

106.8

159.8

23.4

84.9

15.7

35.5

14.7

33.4

132.0

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA

445.7

22.7

67.6

14.2

62.6

67.1

400.9

27.1

41.8

7.6

NEW
YORK

MONTH

CHICAGO

MAY

68.5

349.2

36.9

72.1

20.6

30.2

145.7

26.2

17.2

31.1

80.5

174.6

JUN

948.1

63.3

547.5

5.2

33.0

4.0

8.5

146.9

12.7

12.3

9.9

15.4

89.4

JUL

412. 9

12.8

199.2

5.4

36.3

0.7

4.7

72.8

7.4

1.4

4.1

9.7

58.4

AUG

549.7

17.9

170.6

20.7

53.5

6.3

11.6

68.8

14.4

4.7

8.9

39.8

132.5

SEP

90.7

8.9

35.6

0.8

16.2

0.2

0.2

18.0

0.4

0.0

0.6

1.3

8.5

OCT

61.7

25.2

11.1

2.1

8.6

0.0

0.0

3.2

0.0

0.0

0.5

1.0

10.0

NOV

55.6

6.2

15.5

1.2

2.3

0.9

0.2

18.4

1.0

0.4

0.5

2.9

6.1

DEC
1969

1052. 8

3 7. 0

1.4

12.1

0.0

0.3

0.0

2.4

7.9

2.5

2.3

1.1

2.5

4.5

JAN

18.2

1.3

3.3

0 .0

0.3

0.4

1 .5

3.6

0.5

0.0

0.4

1.7

5.2

203.3

13.9

58.5

3.3

8.1

10.9

9.9

31.5

4.5

0.9

1.8

13.9

46.1

5429.4

3 64.3

2249.2

125.4

340.1

65.8

155.2

686.0

112.4

89.5

105.5

308.9

827.1

3.1

3.2

2.9

2.9

3.3

3.9

2.6

3.6

3.1

2.3

2.5

2.7

3.4

F E B OR
TOTAL

LATER

*

AVERAGE M A T U R I T Y
I N MONTHS 3 /

1/

SEE

2/

INCLUDES

3/

SEE

*

TECHNICAL
ONLY

TECHNICAL

DETAILS

MAY NOT




APPENDIX

A.

CERTIFICATES
APPENDIX
ADD

TO

ISSUED

IN

DENOMINATIONS

B.
TOTALS

DUE

TO

ROUNDING.

OF $ 1 0 0 , 0 0 0

OR MORE

BY

WEEKLY R E P O R T I N G

BANKS.

TABLE
MATURITY

DISTRIBUTION

OF

O U T S T A N D I N G N E G O T I A B L E TIME
AT WEEKLY R E P O R T I N G BANKS
BY FEDERAL R E S E R V E C I S T R ICT
AS

OF

28

(PERCENTAGE

CD'S

MATURING

IN

6C

FEB

CERTIFICATES

OF D E P O S I T

1/

1968

DISTRIBUTION)

ALL

01 s -

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMONO

ATL ANTA

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

TRICTS

1.0

2.0

2.1

2.5

3.4

1 .8

2.5

1.9

1.9

2.4

1.6

2.6

27.6

25.8

30.9

24.1

21.4

25.8

31.9

28.3

31.2

24.5

26.8

27.3

23.1

APR

23,1

22.8

22.7

22.1

21.9

17.3

19.8

21.8

19.7

33.5

27.9

24.7

25.3

MAY

12.2

14.6

11.2

12.9

10.7

13.4

12.1

11.7

16.0

14.4

16.7

12.8

13.0

J UN

10.6

12.4

13.2

11.8

7.2

7.7

7.9

9.8

8.2

10.7

8.7

6.3

9.0

JUL

7.6

5.7

6.7

5.0

9.1

6.2

7.9

8.6

6.4

4.8

7.4

10.1

8.8

AUG

4.9

3.5

4.3

6.1

7.1

2.3

4.1

4.8

5.8

3.1

3.1

4.8

6.4

SEP

2.2

2.8

2.1

2.6

2.8

4.1

1.5

2.7

2.6

1.9

1.4

,1.7

1.7

OCT

1.9

4.2

1.5

1.3

2.8

3.7

1.6

2.0

0.9

1.0

1.5

1.4

1.6

NOV

1.2

1.7

1.1

1.4

0.9

2.0

1.7

1.6

1.1

0.5

0.8

1.2

1.1

DEC

1.2

0.7

0.7

1.8

1.7

7.7

1.7

0.8

2.6

1.9

2.1

2.2

1.2

JAN

1.7

1.2

1.4

2.8

1.3

1.0

2.0

1.7

1.1

1.6

1.0

2.7

2.4

FEB

1969

2.2

MAR

1968

BOSTON

1.0

1.1

0.6

0.6

0.8

2.2

1.8

1.4

1.2

0.3

0.4

1.1

1.7

2.6

2.4

1.5

5.4

9.8

3.3

4.1

2.3

1.3

0.1

0.0

1.9

2.0

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

OR MORE

BY WEEKLY R E P O R T I N G

FEB

29

MAR OR

LATER

TOTAL. *

1/

INCLUDES

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




ISSUED

IN

DENOMINATIONS

OF

$100,000

BANKS.

•

e

e

e

e

e

TABLE
MATURITY

DISTRIBUTION

OF

OF

28

(CUMULATIVE

ALL
DISTRICTS

BOSTON

2.2

1.0

MAR

29.8

APR

e

FEB

CERTIFICATES

OF

DEPOSIT

1/

1968

PERCENTAGE)

KANSAS
CITY

DALLAS

SAN
FRANCISCC

2.5

1.9

1.9

2.4

1.6

2.6

33.7

30.8

33.1

26.4

29.2

28.9

25.7

46.5

53.5

52.6

52.8

59.9

57.1

53.6

51.0

56.5

59.9

65.6

64.3

68.8

74.3

73.8

66.4

64.0

73.0

63.7

67.6

73.5

74.1

77.0

85.0

82.5

72.7

73.0

86.7

78.0

72.8

73.a

81.4

82.7

83.4

89.8

89.9

81.8

85.8

91.0

84.1

79.9

76.1

85.5

87.5

89.2

92.9

93.0

87.6

90.4

88.6

93.1

86.7

82.7

80.2

87.0

90.2

91.8

94.8

94.4

89i 3

89.9

OCT

92.3

92.8

94.6

88.0

85.5

83.9

88.6

92.2

92.7

95.8

95.9

90.7

91.5

NOV

93.5

94.5

95.7

89.4

86.4

85.9

90.3

93.8

93.8

96.3

96.7

91.9

92.6

DEC

94.7

95.2

96.4

91 .2

88.1

93.6

92.0

94.6

96.4

98.2

98.8

94.1

93.8

JAN

96.4

96.4

97.8

94.0

89.4

94.6

94.0

96.3

97. 5

99.8

99.8

96.8

96.2

FEB

97.4

97.5

98.4

94.6

90.2

96.8

95.8

97.7

98.7

100.1

100.2

97.9

97.9

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

OR MORE

BY

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA

2.0

2.1

2.5

3.4

1.8

26.8

32.9

26.2

23.9

29.2

52. 9

49.6

55.6

48.3

45.8

MAY

65.1

64.2

66.8

61.2

J UN

75.7

76.6

80.0

JUL

83.3

82.3

AUG

88.2

SEP

FEB

MAR

1/

29

OR

INCLUDES

LATER

ONLY




CERTIFICATES

ISSLED

IN

DENOMINAT I C N S

CF

$100,000

CHICAGO

WEEKLY

REPORTING

BANKS.

CSl

MINNEAPOLIS

NEW
YORK

00

ST.
LOUIS

CD
CO

IN

e

<M
00

MATURING

e

60

OUTSTANDING NEGOTIABLE TIME
AT WEEKLY R E P O R T I N G B A N K S
BY F E D E R A L R E S E R V E C I S T R I C T
AS

CD'S

#

•

e

#

e

#

e
TABLE

#

e

e

6F

1/
SALES

#

2/
OF

NEGOTIABLE

TIME
BY

C E R T I F I C A T E S OF D E P O S I T
WEEKLY R E P O R T I N G B A N K S
FEDERAL R E S E R V E D I S T R I C T
AS

CF

28

(PERCENTAGE

FEB

SINCE

PREVIOUS

MONTH

1968

CISTRIBUTION)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

12.3

24.1

16.5

30.2

34.6

19.3

15.1

12.4

14.C

39.7

13.9

10.8

16.0

31 . 3

19.5

21.2

23.3

19.2

29.5

26.1

21.1

9.7

6.1

5.5

21.4

11.3

13.7

9.4

5.0

10.8

4.3

10.7

1.1

3.0

10.6

6.6

1.6

3.9

3.1

7 . 1

7.6

16.5

15.7

9 . 6

7.5

10.0

12.8

5.3

8.4

12.9

16.0

2.4

1.6

0.6

4.8

0 . 3

0.1

2.6

0.4

0.0

0.6

0 . 4

1.0

1.1

6.9

0.5

1.7

2.5

0.0

0.0

0.5

0.0

0.0

0.5

0 . 3

1.2

NOV

1.0

1.7

0.7

1.0

0.7

1.4

0.1

2.7

0.9

0.4

0.5

0.9

0 . 7

DEC

C. 7

0.4

0.5

0.0

0.1

0.0

1.5

1.2

2.2

2.6

1.0

0.8

0.5

JAN

0.3

0.4

0.1

0 .0

0.1

0 . 6

1.0

0.5

0.4

0.0

0.4

0.6

0.6

3.7

3. 8

2.6

2.6

2.4

16.6

6.4

4.6

4.0

1.0

1.7

4.5

5.6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

OR

BY WEEKLY R E P O R T I N G

ALL
Dl S TRICTS

BOSTON

MAR

20.5

21.4

APR

16.3

MAY

CD'S

MATURING

IN

RICHMOND

ATLANTA

19.8

18.1

19.9

21.6

40.3

18.4

17.8

21.6

12.3

11.6

19.4

18.8

15.5

29.4

21.2

17.5

17.4

24.3

4.1

JUL

7.6

3.5

8.9

AUG

10.1

4.9

SEP

1.7

OCT

1969

CL E V E LAND

JUN

1968

PHI L A DE L P H I A

FEB
TOTAl

OR

LATER

1/

SEE .TECHNICAL

APPENDIX

2/

INCLUDES

CERTIFICATES

NOTE
*

-

ONLY

SALES

DETAILS

100.0

100.0

*

MAY

IN

THIS

NOT




ADD

CHICAGO

A*

TABLE
TO

NEW
YORK

ISSUED

ARE

TOTALS

NOT
DUE

IN

DENOMINATIONS

ADJUSTED
TO

FOR

ROUNDING.

CD'S

OF
THAT

$100,000
HAVE

MORE

MATURED.

BANKS.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102