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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 1969 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 ) 457.0 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 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 1969 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/ - - .0 OTHER WEEKLY R E P O R T I N G BANKS SALES PREVIOUS 2/ AMOUNT SINCE PONTH 281.7 .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 763.2 296.6 181.6 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 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 A. MATURING AFTER AND DENOMINATION 11 MONTHS. * FRASER T O T A L S MAY NOT ADO DUE TO R O L N D I N G . Digitized for 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 1D A Y S OTHER AND 2 / CITY 31 WEEKLY JAN REPORTING OF 1/ DEPOSIT AT BANKS 1968 CHCAGO JAN 28 FEB ALL 31 JAN 28 OTHER FEB 31 JAN 1 .9 .0 2.9 .0 30 .2 32.6 30.5 24.4 25. 8 24.8 2.2 . 0 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 12 TOTAL 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 * CERTIFICATES 01 OVER 3/ FEB 31 TIME DISTRIBUTION) IN 28 0—6 YORK ALL 1968 (PERCENTAGE CD* S 2B 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 / 31 JAN 28 FEB 31 JAN 28 FEB 31 JAf 1.9 .0 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/ FEB 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 C C S 1968 MATURING TOTAL IN MILLION AND U N D E R *200 MILLION $500 TC MILLION $500 SI MILLION 1 / BILLION AND P R I MF ~ TO BILLION 3/ NEW Y O R K CITY OUTSIDE NEW Y O R K CITY 121.8 1 4 4 . 6 TOTAL 323. T OVER NON-PRIME 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 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/ • T O T A L S MAY N O T 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 1968 FEB IN TOTAL $200 MILLION AND UNDER $200 $500 MILLION TC MLLICN $500 $1 MILLION TO B I L L ION 2/ BILLION AND OVER PRIME - 4/ OUTSIDE NEW YORK C I TY N O N - •PR I f E NEW YORK CITY 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 n U M ATI A kin M IN U nUm1 T V n1 Ckl U 1-11 ri m IO i IT i TCCI t IL Jl 1,115.1 MARCH APR IL MAY 1969 FEBRUARY OR LATER TOTAL * / u c y n D a XI n i # w * 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 . Digitized* for FRASER T O T A L S MAY NOT ADD DUE TO R O U N D I N G . 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 1969 MATURING FEB IN 29 $200 MILLION AND UNDER 2.2 $200 $500 MILLION TO MILLION $500 $1 M I L L ION TO BILLION 1/ BILLION PRIME - AND 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 2S. E 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 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/ TOTAL • 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 1968 MATURING FEB IN TOTAL MILLION AND U N D E R $500 MILLION TC MILLION $500 $1 MILLION TO BILLION BILLION - AND PRIME TOTAL OVER 4/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 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 FEBRUARY OR L A T E R TOTAL 3.7 1 00. 0 * 100.0 — MARCH $200 29 AUGUST 1969 $?00 2/ 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 MILLION $500-$L,000 OVER $1 MILLION BILLION PRIMF IN NEW PRIME OUTSIDE YORK CITY 3/ NEW YORK CITY 3F NON-PRIME INCLUDES TOTAL CERTIFICATES DEPOSITS AS IN DENOMINATIONS REPORTED P R for I M FRASER E BANKS ARE T H O S E Digitized W H I C H ARE R E P O R T E D BY 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 SIZE OF BANK) 2/ 2.7 2.9 2 . 7 3.0 3.2 3.1 2.9 3.0 3 . 0 2.9 2.9 2.8 2.6 2.5 2 . 4 3.2 3.3 3.3 2.9 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 FEB 1968 31 (BY REPORTING 1968 27 DEC 1967 LOCAT ION 1 BANKS 2.7 2.6 3.1 2.3 2.1 CHICAGO 4 . 0 2.6 2.7 OTHER 3.1 2.9 3 . 0 NEW YORK CD'S CITY (BY UNDER $200 $200-$500 MILLION MILLION $ 5 0 0 - $ l t 0 0 0 OVER $1 MILLION BILLION PRIME IN NEW PRIME OUTSIDE YORK CITY 3/ NEW YORK CITY 3/ NON-PRIME 1/ INCLUDES CERTIFICATES 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 Nfor FRASER OT E — S E E TECHNICAL JAN 3.2 ISSUING AS SURVEY CLASSIFICATION 28 ALL 1/ 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 SIZE OF BANK) 2/ 2.6 2.9 3 . 0 2.8 3.2 3.1 3.0 2.8 2. 7 3.3 2.6 2.5 3.1 2.3 2.0 3.9 2.9 3.2 2.9 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 DEPOSIT 1/ DEPOSITS SURVEY DATES CENT I 1968 31 OF JAN SURVEY 1968 27 DEC 1967 10.2 10.0 9.6 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 1000 PRIME IN PRIME OUTSIDE NEW 1/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE T H O S E ARE R E P O R T E D BY AS * ISSUING YORK NEW 3/ YORK 3/ NONPRIME OF UNDER OVER NOTE- # 5A DATE I IN # 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 (IN ALL DEPOSITS MILLIONS BANKS OF 2 / 5 % OR DOLLARS) LESS TIME CERTIFICATES TO TOTAL DEPOSITS AS CF FEB 28 (NUMBER TOTAL 5B OF OF DEPOSIT 1/ 1968 BANKS) 5 TO 10 TO 15 TO 20 TO 25% OR 10% 15% 20% 25% MORE AVERAGE 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 CF OR 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 . CO TO D E P O S I T RATIO (PER CENT) 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 TO 10% 5% OR LESS NO CHANGE 5% 5 OR 1 0 % OR MORE TO 10% LESS 20 21 53 31 57 35 57 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 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% AND OVER ALL BANKS CENT TO (NUMBER TOTAL TIME BEGINNING JAN OF 28 OF CERTIFICATES OF TOTAL THE FEB OF 2 1 TO 2% # DEPOSIT 1/ DEPOSITS PERIOD 1968 BANKS) CF TO 3% # 5 E NEGOTIABLE MONTH # INCREASES 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 BOSTON NEW YORK 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 LATER * OF REPORTING 1/ INCLUDES 2/ SEE * ALL DI S TRICTS IN 6A 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 1968 1969 MATURING ALL DI S TRICTS BOSTON MAR 1115.3 77.8 APR 884.1 IN 28 FEB 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 1052. 8 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 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 LATER * AVERAGE M A T U R I T Y I N MONTHS 3 / 1/ SEE 2/ INCLUDES 3/ SEE * OF 2/ MAY F E B OR TOTAL IN 6B 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 1969 OF D E P O S I T 1/ 1968 DISTRIBUTION) NEW YORK PHILADELPHIA CLEVELAND RICHMONO ATL ANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO TRICTS BOSTON 2.2 1.0 2.0 2.1 2.5 3.4 1 .8 2.5 1.9 1.9 2.4 1.6 2.6 MAR 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 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/ FEB CERTIFICATES ALL 01 s 1968 6C 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 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 MAR 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 ALL DISTRICTS FEB 1/ 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 # 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 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 1969 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 BOSTON MAR 20.5 21.4 APR 16.3 MAY 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 JUN 17.5 17.4 24.3 4.1 JUL 7.6 3.5 8.9 AUG 10.1 4.9 SEP 1.7 OCT OR LATER 2/ INCLUDES CERTIFICATES ONLY SALES DETAILS 100.0 100.0 * APPENDIX * CISTRIBUTION) CL E V E LAND SEE .TECHNICAL - MONTH MINNEAPOLIS IN 1/ NOTE PREVIOUS 1968 PHI L A DE L P H I A FEB TOTAl FEB SINCE ST. LOUIS ALL Dl S TRICTS MATURING 1968 e 2/ OF BY CD'S e 6F 1/ SALES # 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.
@FedFRASER