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May 12, 1969




L.4.1
CONFIDENTIAL (FR)

%

< *v
y

V % %%

\

\

SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
March 26, 1969.

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

TABLE
MATURITY DISTRIBUTION

OF

OUTSTANDING
WEEKLY

NEGOTIABLE TIME CERTIFICATES
REPORTING

AS OF

CD'S

MATURING

1969

MARCH

AMOUNT
( M I L L I O N S OF
DOLLARS)

IN

1

26

MAR

1/
OF D E P O S I T AT

BANKS
1969

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

S A L E S 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 )

4.5

4.5

.0

APRIL

4,239.7

22.6

27.1

894.8

MAY

2,580.9

13.7

40.8

301.9

JUNE

3,316.9

17.7

58.5

731.4

JULY

2,368.0

12.6

71.1

60.6

AUGUST

1,463.5

7.8

78.9

116.2

SEPTEMBER

1 ,297.0

6.9

85.8

685.1

OCTOBER

567.4

3.0

88.8

55.8

NOVEMBER

286.0

1.5

90.3

26.2

DECEMBER

462.3

2.5

92.8

44.3

JANUARY

443.3

2.4

95.2

39.8

FEBRUARY

258.9

1.4

96.6

37.8

MARCH

1970

854.7

180.3

1.0

97.6

173.5

467.8

2.5

100.0

XXX

18,786.7

100.0

XXX

3,167.2

OVE°

27 -

31

12 M O N T H S
TOTAL

(MEMORANDUM:
170.4
536.4
493.5

J U N E 10
JUN F 16
APRIL 15

1/

TAX

AND DIVIDEND MATURITIES)
.9
2.9
2.6

XXX
XXX
XXX

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

2/

SEE

TECHNICAL

APPENDIX

A-

3/

S A L E S OF

CD'S

MATURING

AFTER




11

MONTHS.

35.2

3/

T A B L E ?A
1/
D I S T R I B U T I O N OE 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 OF D E P O S I T A T
N E W YORK C I T Y , C H I C A G O , A N D ALL O T H E R W E E K L Y R E P O R T I N G B A N K S

MATURITY

AS OF

26

(IN M I L L I O N S
NEW
CD'S

MATJRTNG

IN

AMOUNT

MAR
OF

1969
DOLLARS)

YORK C I T Y
SALES
PREVIOUS

ALL

CHICAGO
SINCE
MONTH

AMOJNT
2/

-

SALES
PREVIOUS

SINCE
MONTH

-

-

OTHER

WEEKLY REPORTING

AMOUNT

2/

SALES
PREVIOUS

SINCE
M O N T H 2/

247.8

.0

38.8

.0

568.1

.0

1,077. 8

242.5

238.4

35.8

2,923.5

616.5

MAY

614.8

43.5

280.5

11.5

1,685.6

246.9

JUNE

984.2

139.5

254.5

61.2

2,078.2

530.7

JULY

450.1

8.3

153.6

3.4

1,764.3

48.9

AJ GUST

327.7

14.6

109.7

3.6

1,026.1

98.0

SEPTEMBER

244.7

117.7

98.1

39.9

954.2

527.5

OCTOBER

97.6

12.5

22.2

.2

4 4 7.6

43.1

NOVEMBER

47.6

3.0

27.3

.2

211.1

2 3.0

DECEMBER

94.8

5.0

18.6

.6

348.9

38.7

JANUARY

72.2

1.6

16.5

.5

354.6

37.7

FEBRUARY

49.2

5.1

18.4

1.2

192.3

31.5

MARCH

1969

36.2

53.6

126.8

106.5

74.6

XXX

12.0

XXX

381.2

XXX

4,418.3

646.9

1,305.9

171.5

13,062.5

2,348.8

MAR

27 - MAR

31

APRIL

1973

BANKS

OVER

12 M O N T H S
TOTAL

NUMBER

OF

*

REPORTING

BANK S

(MEMORANDUM:

1/

INCLUDES

57* 8
259.5
141.9

2/

SEE

3/

SALES

ONLY

TECHNICAL
OF

CD'S

CERTIFICATES

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

APPENDIX

A.

MATURING

AFTER

11 M O N T H S .


A D D DUE TO R O U N D I N G
* TOTALS M
http://fraser.stlouisfed.org/A Y N O T
Federal Reserve Bank of St. Louis

239

11

12

J J N F 10
J U N E 16
APRIL 15

1 3 . 4 /3

17.3

/3

TAX

AND DIVIDEND MATURITIES)
10.1
35.2
38.0

9.7
OF

$100,000

OR M O R E

1.8

I S S U E D BY W E E K L Y

REPORTING

1 C 2. 5
241.7
313.6
BANKS.

23.7

/3




TABLF
MATURITY DISTRIBUTION
NEW

YORK

OF

OUTSTANDING

CITY, CHICAGO,
AS OF 26

NEGOTIABLE TIME

AND

MAR

NEW
26

196 9

0-4

DAYS 2/

A N D 26 FEB

REPORTING

1/

DEPOSIT

AT

BANKS

1969

DISTRIBUTION)

YORK CITY

MAR

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

ALL O T H E R W E E K L Y

(PERCENTAGE

f *> I j HAI UK L I 1 T1 !
* rJ C MATIID TMP 1 M N
N

2B

CHICAGO
26

26 F E B

MAR

ALL
26 F E B

OTHER

26 M A R

26 FEB

5.6

2.9

3.0

3.2

4.4

2.5

24.4

26.5

18.3

22.6

22.4

22.3

02 M O N T H S

13.9

16.7

21.5

13.7

12.9

17. 1

03 MONTHS

22.3

11.4

19 .5

18.2

15.9

10.7

04 MONTHS

10.2

16.9

11.8

13.1

13.5

11.5

05 MONTHS

7.4

8.8

8.4

10.2

7.9

12.7

06 MONTHS

5.5

6.3

7.5

7.2

7.3

6.9

07 MONTHS

2.2

2.5

1.7

3.9

3.4

3.2

08 MONTHS

1.1

1.7

2.1

1.5

1.6

3.0

09 MONTHS

2.1

.9

1.4

1.8

2.7

1.4

10 M O N T H S

1.6

1.8

1.3

1.2

2.7

2.3

11 M O N T H S

1.1

1.4

1.4

1.1

1. 5

2.3

12 M O N T H S

.8

.9

1.3

1.2

1.0

1.2

1.7

1.1

.9

1.1

2.9

3.0

100.0

100.0

100.0

100.0

100.0

OF

OR M O R E

01 M O N T H S

OVER

12 M O N T H S

TOTAL

1/

3/

*

INCLUDES ONLY CERTIFICATES
BANKS.

IN DENOMINATIONS

2/ N U M B E R OF
FOLLOWING

D A Y S R E G A I N I N G IN S U R V E Y M O N T H . T H I S
THE L A S T W E D N E S D A Y OF THE M O N T H .

V

MONTHS FOLLOWING

*

NUMPER
TOTALS

OF

MAY NOT

ADD

DUE

THE

SURVFY

TO R O U N D I N G .

MONTH.

$100,000

100.0

.

I S S U E D BY W E E K L Y R E P O R T I N G

PERIOD V A R I E S WITH

THE N U M B E R

OF

DAYS




TABLE 2C
MATURITY

DISTRIBUTION
NEW

YORK

OF

OUTSTANOING

CITY , CHICAGO,
AS

OF

26

NEGOTIABLE

AND

MAR

ALL

1969

(CUMULATIVE

NEW
»S M A T U R I N G

YORK

A N D 26

26

CERTIFICATES

WEEKLY
FEB

1/
DEPOSIT AT

REPORTING BANKS

1969

ALL

CHICAGO
26

FEB

OF

DISTRIBUTION)

CITY

IN
26 M A R

OTHER

TIME

MAR

26

FEB

26 M A R

OTHER
26 FEB

5.6

2.9

3.0

3.2

4.4

2.5

30.0

29.4

Z1.3

25.8

26. 8

24.8

02 M O N T H S

43.9

46.1

42.8

39.5

39.7

41.9

03 M O N T H S

66.2

57.5

62.3

57.7

55.6

52.6

04 MONTHS

76.4

74.4

74.1

70.8

69.1

64.1

05 M O N T H S

83.8

83.2

82.5

81.0

77.0

76.8

06 M O N T H S

89.3

89.5

90.0

88.2

84. 3

83.7

07 MONTHS

91.5

92.0

91.7

92.1

87.7

86.9

08 M O N T H S

92.6

93 * 7

93.8

93.6

89.3

89.9

09 MONTHS

94.7

94.6

95.2

95.4

92.0

91.3

10 M O N T H S

96.3

96.4

96.5

96.6

94.7

93.6

11 M O N T H S

97.4

97.8

97.9

97.7

96.2

95.9

12 M O N T H S

98.2

98.7

99.2

98.9

97.2

97. 1

100. 0

100.0

100.0

100.0

100.0

100.0

0-6 DAYS
01

NVFR

2/

M O N T H S 3/

12 M O N T H S

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORF ISSUED BY WEEKLY REPORTING
BANKS.
or DAYS REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS

?J

FOLLOWING
3/

NU » P ct)

THF

LAST

WEDNESDAY

HF

THE

MONTH.

OF MONTHS FOLLOWING THE SURVEY MONTH.

ASLF

MATURITY

D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T
AT W E E K L Y R E P O R T I N G BANKS BY S I Z E OF B A N K S 2/
AS DF 26 MAR 1969
( A M O U N T S IN M I L L I O N S OF D O L L A R S )

1/

$1 B I L L I O N

$2 00
CD'S

MAT JR ING

IN

TOTAL

MILLION
AND UNDER

$200

MILLION
TO
MILLION

$500

AND

PRIME

MILLION
TO
BILLION

OVER
3/

1969

MAR

27-31

$1

OUTSIDE
NEW YORK
CITY

NON-PRIMF

NEW YORK
CITY

$500

TOTAL

954.6

74.0

96.0

163.2

521.4

235.0

167.2

119.2

APRIL

4,239.6

329.4

561.1

824.0

2,525.1

993.4

841.1

690.6

MAY

2,580.9

175.6

367.3

446.6

1, 5 9 1 . 4

567.1

636.5

387.8

JUNF

3,316.B

174.4

403.7

607.7

2,131.O

937.7

688.7

504.6

JULY

2,360.0

145.7

362.5

508.3

1,351.5

418.8

556.0

376.7

AUGUST

1,463.5

90.4

291.1

257.7

824.3

298.6

317.4

208.3

SEPTEMBER

1,296.9

84.5

214.6

273.1

724.7

226.2

299.1

199.4

81.9

OCTOBER

16.6

92.0

97.4

361.3

89.9

189.5

NOVEMBER

286.0

11.0

56.9

48.6

169.5

43.5

85.5

40.5

DECEMBER

462.3

19.7

66.3

110.O

266.3

74.3

104.9

87.1

JANUARY

443,2

24.9

51.8

84.2

282.3

66.2

116.7

99.4

FEBRUARY

258.8

8.3

43.2

43.9

163.4

37.9

90.5

35.0

MARCH

180.2

7.7

23.6

29.1

119.8

30.5

57.3

32.0

APRIL
OR L A T E R

1970

567.3

467.6

4.3

38.9

82.3

342.1

67.2

221.3

53.6

18,785.7

1 ,166.5

2,669.0

3,576.1

11,374.1

4,086.3

4,371.7

2,916.1

TOTAL

*

-- ( M E M O R A N D U M :

TAX

AND DIVIDEND MATURITIES)

JUNE

10

170.4

12.1

14.0

40.0

104.3

55.6

22.5

26.2

JUNE

16

536.5

11.8

33.8

74.5

416.4

256.0

102.3

58.1

493.5

23.1

32.4

98.4

339.6

139.8

107.6

92.2

12

18

APRIL

15

I MEMORANDUM:

262
*
1/
2/
3/

90

84

NUMBER

OF

BANKS )
51

37

TOTALS MAY NOT ADD DUE TO ROUNDING.
I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .
TOT AT D E P O S I T S A S R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .
B A N K S A R F T H O S E W H O S E 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 OF T H E H I G H E S T

TED 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 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 .



QUALITY

AND

WHICH

ARE

TABLE

36

SALES

/!/ OF N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S MONTH
AT WEEKLY R E P O R T I N G BANKS BY S I Z E OF R A N K S 3/
AS OF 26 MAR 1969
(AMOUNTS IN M I L L I O N S OF D O L L A R S )

2/

$1 B I L L I O N
CD'S

MATURING

IN

TOTAL

$200
MILLION
A N D UNDER

$?00 MILLION
TO
$500 M I L L I O N

$500 M I L L I O N
TO
$1 B I L L I O N

-

A N D OVER

PRIME

NEW YORK
CITY
1969

MAP

TOTAL

4/
OUTSIDE
NEW YORK
CITY

NON-PRIME

27-31

APRIL

*94.8

81.2

133.8

183.7

496.1

227.2

115.6

153.3

MAY

301.9

32.7

48.3

68.6

152.3

37.7

55.9

58.7

JUNE

731.3

60.3

129.3

145.4

396.3

128.9

118.7

148.7

60.6

6.5

9.0

16.6

28.5

7.9

12.5

8.1

AUGUST

116.4

9.9

23.1

23.9

59.5

14.0

23.6

21.9

SEPTEMBER

685.0

63.4

109.2

158.6

353.8

105.6

138.3

109.9

OCTOBER

55.8

0.9

15.3

12.1

27.5

11.0

9.9

26.1

6.6

NOVEMBER

0.9

3.8

5.0

16.4

3.0

7.6

5.8

DECEMBER

44.4

1.8

4.3

23.0

15.3

5.0

1.7

8.6

39/9

5.2

4.3

5.2

25.2

1.1

16.1

8.0

37.6

2.4

6.6

4.2

24.4

4.9

18.0

1.5

173.2

7.2

14.3

30.7

121.0

43.7

52.3

25.0

3T167.0

272.4

501.3

677.0

716.3

590.0

570.2

556.1

JULY

1970 J A N U A R Y
FEBRUARY
MARCH
OR LATER
TOTAL

*

(MEMORANDUM:

TAX AND DIVIDEND MATURITIES)

JUNE

10

227.8-

11.2-

31.3-

40.8-

144.5-

28. 8-

60.2-

55.5-

JUNE

15

306*2-

24.9-

42.9-

22.7-

215.7-

88.3-

51.5-

75.9-

35. I

4.2

5.4

9.0

16.5

9.6

2.7

4.2

37

7

12

18

APRIL

IS

—

262
11 SEE TECHNICAL
2f
3/

90

(MEMORANDUM:

NUMBER OF BANKS I
84

51

APOFNOIX A.

I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y R E P O R T I N G
TOTAL H E O Q S I T S AS R E P O R T E D IN THE CALL R F P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .

Digitized*for FRASER M A Y N O T A D D DUE TO R O U N D I N G .
TOTALS


BANKS.

TABLE

3C

M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF
AT W E E K L Y R E P O R T I N G BANKS BY S I Z E OF B A N K S 2/
AS OF 26 MAR 1969
PERCENTAGE DISTRIBUTION

DEPOSIT

1/

$1 B I L L I O N

CD'S

MATURING

IN

TOTAL

$200
MILLION
AND UNDER

$200

MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 B I L L I O N

-

AND OVER

PRIME
TOTAL
N E W YORK
CITY

1969

NON-PRIME

4.5

6.3

3.6

4.6

4.6

5.8

3.8

4.1

22.6

28.2

21.0

23.0

22.2

24.3

19.2

23.7

MAY

13.7

15.1

13.8

12.5

14.0

13.9

14.6

13.3

JUNE

17.7

15.0

15.1

17.0

18.7

22.9

15.8

17.3

JULY

12.6

12.5

13.6

14.2

11.9

10.2

12.7

12.9

AUGUST

7.8

7.7

10.9

7.2

7.2

7.3

7.3

7.1

SEPTEMBER

6.9

7.2

8.0

7.6

6.4

5.5

6.8

6.8

OCTOBER

3.0

1.4

3.4

2.7

3.2

2.2

4.3

2.8

NOVEMBER

1.5

0.9

2.1

1.4

1.5

1.1

2.0

1.4

DECEMBER

2.5

1.7

2.5

3.1

2.3

1.8

2.4

3.0

JANUARY

2.4

2.1

1.9

2.4

2.5

1.6

2.7

3.4

FEBRUARY

1.4

0.7

1.5

1.2

1.4

0.9

2.1

1.2

MARCH

1.0

0.7

0.9

0.8

1.1

0.7

1.3

1.1

APRIL
0» L A T E R

2.5

0.4

1.5

2.3

3.0

1.6

5.1

1.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

TOTAL

?7-31

OUTSIDE
NEW YORK
CITY

APR TL

1970

MAO

3/

*

(MEMORANDUM:

TAX

AND DIVIDEND MATURITIES)

JJNE

10

0.9

1.0

0.5

1.1

0.9

1.4

0.5

0.9

JUNE

16

2.9

1.0

1.3

2.1

3.7

6.3

2.3

2.0

2.6

2.0

1.2

2.8

3.0

3.4

2.5

3.2

APRIL

15

1/ I N C L U D E S C E R T I F I C A T E S IKI D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .
2/ T O T A L O E T I M T S AS R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .
3/ P R I M E R A N K S A R F THHF.F WH3 S P 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 OF THE H I G H E S T Q U A L I T Y
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 I OR 2 B A S I S P O I N T S OF 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 .
Digitized * FRASERS M A Y N O T A D D D U E TO R O U N D I N G .
for T O T A L



AND

WHICH

ARE

TABLE

3D

MATURITY

D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF
AT M E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2/
AS OF 26 MAR 1 9 6 9
CUMULATIVE PERCENTAGE

DEPOSIT

1/

$1 B I L L I O N

CD'S

MATURING

IN

TOTAL

$200
MILLION
A N D UNDER

$200

*TLLION
TO
$500 M I L L I O N

$500
$1

MILLION
TO
BILLION

AND OVER

PRIME

TOTAL

N E W YORK
CITY

3/
OUTSIDE
NEW YORK
CITY

NON-PRIME

6.3

3.6

4.6

4.6

5.8

3.8

4.1

27. 1

34.5

24.6

27.6

26.8

30.1

23.0

27.8

MAY

40. 8

49.6

3R.4

40. 1

40.8

44.0

37.6

41.1

JUNE

58.5

64.6

53.5

57.1

59.5

66.9

53.4

58.4

JULY

71. 1

77.1

67.1

71.3

71.4

77.1

66.1

71.3

AUGUST

78.9

94.8

78.0

78.5

78.6

84.4

73.4

78.4

SEPTEMBER

85.8

92.0

86.0

86.1

85.0

89.9

80.2

85.2

OCTOBER

88.8

93.4

89.4

88.8

88.2

92.1

84.5

88.0

NOVEMBER

90.3

94.3

91.5

90.2

89.7

93.2

86.5

89.4

DECEMBER

92.8

96.0

94.0

93.3

92.0

95.0

88.9

92.4

JANUARY

95.2

98.1

95.9

95.7

94.5

96.6

91.6

95.8

FEBRUARY

96.6

98.8

97.5

96.9

95.9

97.5

93. 7

97.0

MARCH

1970

4.5

APRIL

1969

97.6

99.5

98.4

97.7

97.0

98.2

95.0

98.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

MAP

27-31

APRIL
OR L A T E R

1/
2/
3/

I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .
T O T A L D E P O S I T S AS R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .
P R I M E B A N K S A R E T H O S F W H 3 S F 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 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 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 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 .




QUALITY

AND

WHICH

ARE

TABLF

T:

SALES

/IZ

OF

N E G O T I A B L E TIMF C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S MONTH
AT W E E K L Y R E P O R T I N G BANKS BY S I Z E OF B A N K S 3/
AS OF 2 6 MAR 1969
PERCENTAGE DISTRIBUTION

2/

$1 B I L L I O N

CD'S

MATURING

IN

TOTAL

$200
MILLION
AND UNDER

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

$500

MILLION
TO
$1 B I L L I O N

-

AND

PRIME

4/

NEW YORK
CITY

1969 "AR

TOTAL

OVER

OUTSIDE
NEW YORK
CITY

NON-PRIME

27-31

APR TL

29.3

29.8

26.7

27.1

28.9

38.5

20.3

27.6

9.5

12.0

9.6

10.1

8.9

6.4

9.8

10.6

JUNF

23.1

22.1

25.8

21.5

23.1

21.8

20.8

26.7

JULY

1.9

2.4

1.9

2.5

1.7

1.3

2.2

1.5

AJ GUST

3.7

3.6

4.6

3.5

3.5

2.4

4.1

3.9

21.6

23.3

21.8

23.4

20.6

17.9

24.3

19.8

OCTOBER

1.8

0.3

3.1

1.8

1.6

1.9

1.7

1.2

NOVEMBER

0.8

0.3

0.8

0.7

1.0

0.5

1.5

1.0

DECEMBER

1.4

0.7

0.9

3.4

0.9

0.8

0.3

1.5

1.3

1.9

0.9

0.8

1.5

0.2

2.8

1.4

FEBRUARY

1.2

0.9

1.3

0.6

1.4

0.8

3.2

0.3

MARCH
OR L A T E R

5.5

2.6

2.9

4.5

7.1

7.4

9.2

4.5

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

MAY

SEPTEMBER

1970 JANUARY

TOTAL

*

(MEMORANDUM:

TAX

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

JJNF

10

7.2-

4.1-

6.2-

6.0-

8.4-

4.9-

10.6-

10.0-

JUNF

16

9.7-

9.1-

8.6-

3.4-

12.6-

15.0-

9.0-

13.6-

1.1

1.5

1.1

1«3

1.0

1.6

APRIL

15

I MEMORANDUM:
262

90

84

NUMBER

OF

0.5

BANKS)
51

37

7

1/ SEF T F C H N ' C A L A P = F N D I X A .
2/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .
3/ T O T A L D E P O S I T S AS 1 F " 0 R T E D IN THE C A L L R F P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .
4 ' OR IMF B A N K S A R E T H O S E WH3 SF 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 OF THE H I G H E S T Q U A L I T Y A N D
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 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 .

•
T O T A L S M A Y N O T A D D D U E TO R O U N D I N G .



0.8

12

WHICH

18

ARE

TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
(IN MONTHS)
DATE OF SURVEY
BANK CLASSIFICATION

26 MAR 1969

26-FEB 1969

29 JAN

1969

(BY LOCATION)
ALL REPORTING BANKS
3.4

NFW YORK CITY

3.0

3.0

3.1

CHICAGO

3.2

3.2

3.2

OTHER

3.5

3.6

3.6

lA
A

3.4

ISSUING CD h S

I
I
I
i
I
!
1
1
1
1
1
1
1
I
1
(BY SIZE OF BANK) 2/
2.8

2.8

3.0

$200—$500 MILLION

3.5

3.6

3.6

$500-$11 000 MILLION

3.4

3.4

3.5

OVER $1 BILLION

3.4

3.4

3.5

PRIME IN NEW YORK CITY 3/

3.0

3.0

3.1

PRIME OUTSIDE NEW YORK CITY 3/

3.9

3.9

3.9

NON-PRIME

3.4

3.4

3.5

UNDER

$200 MILLION

If

INCLUDES CERTIFICATES IN DENOMINATIONS OF

?/

TOTAL

$100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.

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



T A B L E 4B
AVERAGE MATURITY
OF
NEGOTIABLE

T!ME

CERTIFICATES

OF

DURING

BY W E E K L Y

REPORTING

THF

SOLD

OF V A R I O U S

MONTH
U N

DEPOSIT

1/

BANKS
SURVEYS

MONTHS )

D A T E OF S U R V E Y

a A M l r 1 ACQTFTfATT f N
i
l
26 M A R

1969

26-FEB

29 J A N

1969

1969

(BY L O C A T I O N !
ALL

DEPORTING
ISSUING

BANKS

CD'S

3.6

3.6

4.0

3,4

3.2

3.8

CHICAGO

3.7

4.0

4.0

OTHER

3.7

3.7

4.1

NEW

YORK

CITY

(BY S I Z E OF

B A N K ) 2/

3.3

3.0

3.5

$200-$500 MILLION

3.4

3.8

4.2

$500-$1,000 MILLION

3.6

3.6

3.9

OVER

3.7

3.7

4.1

3.3

3.1

3.8

4.4

4.1

4.5

3.4

3.7

4.1

UNDER

$200 MILLION

$1 B I L L I O N

PRIME

IN N F W

PRIME

OUTSIDE

Y O R K C I T Y 3/
NEW

YORK CITY

3/

NON-PRIME

1/

INCLUDES CERTIFICATES

2/

TOTAL

DEPOSITS AS REPORTED

3/

PRIME
WHICH

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

 N O T E — S E E


TECHNICAL

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

THE C A L L

$ 1 0 0 , 0 0 0 OR

REPORT

OF

MORE

I S S U E D BY M E E K L Y

C O N D I T I O N ON D E C E M B E R

31,

REPORTING

BANKS.

1965.

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

APPENDIX

9.

TABLE 5A
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

1/

J1 TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
(PER CENT)

DATE Of SURVEY
TiTAL DEPOSITS 2/
(IN MILLIONS OF DOLLARS)

26 MAR 1969

26 FEB 1969

29 JAN 1969

ALL BANKS ISSUING
CD'S

8.7

9.2

9.5

UNDER 200

7.5

7.5

7.2

200 - 500

8.5

8.8

8.8

500 - 1000

9.0

9.3

9.6

OVER

8.9

9.4

10.0

PR IMF IN NEW YORK 3/

8.4

9.4

10.2

PRIME OUTSIDE NEW YORK 3/

8.2

8.5

8.8

11.0

11.5

11.8

1000

N0NPR1ME

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $103,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION QN DECEMBER 31, 1965.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-




DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.

T A B L E 5B
RATIO

OF

OUTSTANDING

N E G O T I A B L E TIME

CERTIFICATES

TO TOTAL

DEPOSITS

I IN M I L L I O N S OF

ALL

BANKS
CD'S

2/

5%
OR
LFSS

DOLLARS)

1/

MAP. 1969

26

T NUMBER

TOTAL

DEPOSIT

DEPOSITS

AS OF

OF

5
TO
10%

OF

BANKS)

10
TO
15*

15
TO
?,0%

20
TO
25%

25%
OR
MORE

A V E R A G E CO
TO D E P O S I T
R A T I O (PER C E N T )

ISSUING
90

75

50

35

9

3

8.7

UNDER

200

40

21

19

8

1

I

7.5

200 -

500

32

21

15

10

4

2

8.5

500 -

1000

14

16

8

10

3

0

9.0

4

17

8

7

1

0

8.9

0

5

2

0

0

0

8.4

6

2

1

1

0

8.2

F
>

4

6

0

0

11.0

OVER

1000

PRIME

W

NEW

PRIME

OUTSIDE

YORK
NEW

3/
YORK

3

NONPRIME

/

2
2

1/

INCLUDES CERTIFICATES

2/

TOTAL

3/

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

NOTE-




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

D E P O S I T S AS R E P O R T E D

IN THE

CALL

OF

$100,000

REPORT

OF

OR M O R F

I S S U E D BY W E E K L Y R E P O R T I N G

C O N D I T I O N ON D E C E M B E R

D E P O S I T S IN THE D E N O M I N A T O R OF THE R A T I O IN T H I S T A B L F
INTERBANK AND U.S. GOVERNMENT DEPOSITS.

ARE T O T A L

31,

BANKS.

1965.

D E M A N D AND TIME

DEPOSITS,

INCLUDING

T A B L E 5C

PER

CENT CHANGE

TN O U T S T A N D I N G N E G O T I A B L E
26 F E B

1969 T O 26 MAR

(NUMBER

DECLINES
TOTAL

OFPOSITS

( IN M I L L i f ' N S

ALL

BANKS
CD'S

2/

REDUCED
CD 1 S TO
ZERO

OF DOLLARS)

1 0 % OR
MORE

TIME

OF

C E R T I F I C A T E OF D E P O S I T

1969

BANKS)

I N C R E A S E S OF

OF
5% OR
LESS

5 TO
10%

/I

NO
CHANGE

5% OR
LESS

1 0 % OR
MORE

5 TO
10%

I S S U E D C D ' S BUT
H A D NONE O U T S T A N D ING ON BASE D A T E

ISSUING
0

47

49

59

19

48

17

22

1

UNDER

200

0

15

8

15

9

22

7

13

1

200 -

500

0

11

15

20

8

18

6

6

0

500 -

1000

0

11

15

14

2

3

4

2

0

0

ID

II

10

0

5

0

1

0

0

5

2

0

0

0

0

0

0

0

2

4

4

0

2

0

0

0

0

3

5

6

0

3

0

1

0

OVER

1000

PRIME

IN N E W

YORK

PRIME OUTSIDE

NEW

3/
YORK

3/

NONPRIMF

1/

INCLUDES CERTIFICATES

?/ T O T A L
3/

DEPOSITS

I N DENOMINATIONS

AS R E P T R T E O

IN THE C A L L

PRIME B A N K S ARE THOSE WHOSE NEGOTIABLE
W H I C H ARE R E P O R T E D B Y D E A L E R S TO T R A D E

NOTF-

OF

$ 1 0 0 , 0 0 0 OR M O R E

REPORT

OF

CONDITION

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

1965.

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

THF N U M B E R OF B A N K S IN T H I S T A B L E D I F F E R S F R O M T H O S E IN M O S T O T H E R
H A D O U T S T A N D I N G C D ' S ON THE L A S T S U R V E Y R E D U C E D T H E I R O U T S T A N D I N G S




31,

T A B L E S TO THE E X T E N T T H A T B A N K S T H A T
TO Z E R O ON T H I S S U R V E Y .

TABLE 50
PE3 CF NT CHANGE

IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I
25 DEC 1968 TO 26 MAR 1969
(NUMBER OF BANKS)

TOTAL

OFPOSITS /2

f IN MILL THNS flF DOLL ARS)

ALL BANKS
GO'S

REDUCED CD'S 25%
OP
TO
ZERO
MORE

DECLINES OF
20
TO
25%

15
TO
20%

10
TO
15%

INCREASE OF
5
TO
10%

5%
OR
LESS

NO
CHANGE

5%
OR
LFSS

5
TO
10%

to
TO
15%

15
TO
20%

20
TO
25%

25%
OR
MORE

ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE

ISSUING
4

56

15

14

23

32

28

12

18

12

6

16

12

20

3

200

2

16

4

0

3

4

11

6

8

7

4

9

7

13

2

2 0 0 - 500

1

11

7

6

6

13

9

4

6

3

1

6

5

7

1

500 - 1000

I

15

3

5

8

7

5

2

2

2

1

1

0

0

0

OVER

0

14

1

3

6

8

3

0

2

0

0

0

0

0

0

0

6

0

1

0

a

0

0

0

0

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3/

0

4

0

1

I

4

2

0

0

0

0

0

0

0

0

NONPRIMF

0

4

I

1

5

4

1

0

2

0

0

0

0

0

0

UNDER

1000

PRIME IN NEW YORK

3/

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $103,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
V

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

NOTF-

%
•
f




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

TABLE 5E
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
26 FEB 1969 TO 26 MAR 1969
(NUMBER OF BANKS)
TOTAL DEPOSITS 2/
(TN MILL TONS OF DOLLARS)

ALL RANKS
CD'S

DECLINES OF
3?
AND
OVER

2
TO
3%

I
TO
2%

INCREASES OF
It
ANO
LESS

NO
CHANGE

It
AND
LESS

1
TO
2%

2
TO
3%

3%
AND
OVER

ISSUING
2

8

29

116

19

77

7

3

1

200

2

2

3

31

9

35

5

2

1

200 - 500

0

1

12

33

8

29

1

0

0

500 - 1000

0

3

6

31

2

8

0

1

0

OVER

0

2

8

21

0

5

1

0

0

0

0

4

3

0

0

0

0

0

PRIME OUTSIDE NEW YORK 3/

0

1

1

a

0

2

0

0

0

NONPRIMF

0

1

3

10

0

3

1

0

0

UNDER

1000

PRIME

IN NEW YORK 3/

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER

31, 1965.

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




DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.

TABLE 5F
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
25 DEC 1968 TO 26 MAR 1969
(NUMBER OF BANKS)

(IN MILL IONS OF DOLLARS 1

ALL BANKS
CD'S

ISSUING

INCREASES OF

DECLINES OF

THTAL DEPOSITS 2/
5%
AND
OVER

4
TO
51

3
TO
4%

2
TO
3%

1%
AND
LESS

1
TO
2%

NO
CHANGE

11
AND
UNDER

3
TO
4%

2
TO
31

I
TO
21

4
TO
51

51
AND
OVER

17

9

15

15

43

76

7

45

23

8

4

1

1

200

2

1

I

0

9

28

2

18

15

8

4

1

0

200 - 500

5

4

6

3

13

24

3

20

7

0

0

0

1

500 - 1000

2

1

6

6

16

12

2

5

I

0

0

0

0

OVER

8

3

2

6

5

12

0

2

0

0

0

0

0

4

3

0

0

1

0

0

0

0

0

0

0

0

UNDER

1000

PRIME IN NEW YORK 3/
PRIME OUTSIDE NEW YORK 3/

2

0

I

2

1

6

0

0

0

0

0

0

0

NONPRIME

2

0

1

4

3

6

0

2

0

0

0

0

0

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.
3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-




DEPOSITS IN THF DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.

TABLE 6 A
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 MAR 1969
(AMOUNTS IN MILLIONS OF DOLLARS)

ALL
01 s TRICTS

BOSTON

854.7

51.6

APR

4239.7

MAY

CD'S MATURING

IN

KANSAS
CITY

DALLAS

FRANCISCO

62.8

93.8

355.5

826.1

48.8

35.9

70.9

137.4

467.2

432.4

67.1

45.6

78.7

186.8

545.7

85.2

309.4

40.4

35.9

87.1

283. 1

466.3

27.8

44.3

222.7

30.6

20.5

60. 1

120.3

267.2

100.7

56.9

43.0

195.4

38.6

20.0

39.8

94.2

227.8

11.1

46.4

16.8

10.7

63.2

8.7

9.6

26. 1

23.8

170.3

74.3

5.0

30.3

7.7

7.7

60.6

6.5

1.5

5.2

14.9

55.0

56.0

132.0

10.8

34.5

11.3

19.5

50.6

25.4

3.8

8.8

45.9

63.7

443.4

17.9

112.1

19.4

43.4

5.2

19.6

41.9

10.1

3.6

7.8

47.0

115.4

FEB

258.8

8.7

57.8

9.4

26.3

9.6

12.8

34.8

4.3

1.6

3.5

13.4

76.6

MAR

180.4

8. 8

42.3

4.8

16.5

2.6

2.4

29.3

2.7

0.1

5.3

22.5

43.1

APR OR LATER

468.0

19.9

86.2

12.7

186.6

7.6

9.7

47.0

9.9

5.0

0.5

22.0

60.9

1140.2

5866.8

541.6

1493.1

488.9

533.6

2578.8

396.9

257.4

504.9

1446.5

3538.1

3.3

3.0

3.2

4.7

3.2

3.6

3.3

3.6

3.0

3.3

3.3

3.4

18

49

10

16

15

23

36

11

5

21

24

34

ST.
LOUIS

MINNEAPOLIS

91.2

12.1

11.5

117.2

510.2

91.7

68.1

72. 1

490.1

192.7

85.5

76.3

60.2

223.5

48.4

437.9

29.0

137.4

84.5

359.1

37.0

567.3

46.2

134.4

NOV

286.0

17.3

DEC

462.3

1970 JAN

RICHATLANTA
MOND

PHILADELPHIA

CLEVELAND

328.3

27.3

44.2

25.6

13.1

259.0

1427.7

127.2

252.7

115.8

2581.0

160.0

798.6

74.0

157.9

JUN

3317.0

237.3

1255.2

113.7

JUL

2367.9

107.5

620.9

AUG

1463.3

65.5

SEP

1297.0

OCT

1969 MAR

26-MAR

31

AVERAGE MATURITY
NUMBER OF REPORTING

NEW
YORK

CHICAGO

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
2/ SEE TECHNICAL APPENDIX 8.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.



TABLE 68

1/

2/

SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 MAR 1969
(AMOUNTS IN MILLIONS OF DOLLARS)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

95.4

9.5

8.2

19.5

100.3

156.3

3.7

35.6

6.2

2.6

7.3

29.3

69.3

32.8

12.6

100.9

20.7

8.9

27.8

53.2

129.9

5.8

3.7

0.1

9.6

4.7

1.5

2.2

2.3

9.4

2.3

4.9

4.1

1.3

19.7

1.8

0.4

4.2

11.7

28.0

183.7

17.2

40.5

31.2

22.8

92.0

20.9

6.9

22.8

60.8

132.9

9.8

18.1

1.0

1.7

0.6

1.4

9.4

1.8

5.7

0.4

1.8

4.3

26.2

1.8

8.9

0.6

7.5

0.1

0.2

0.5

2.5

0.1

1.4

0.6

2.0

DEC

45.9

2.2

7.4

0.5

1.6

0.3

0.7

3.8

2 0.7

0.1

0.7

3.0

4.9

1970 JAN

40.0

3.3

1.9

1.2

0.8

0.1

3.0

1.4

3.2

0.0

1.6

1.1

22.4

FEB

37. 7

1.3

5.8

1.0

1.1

0.0

1.5

4.2

0.1

0.0

1.4

1.0

20.3

173.6

12.3

57.1

4.2

9.9

2.6

2.5

13.5

3.5

5. 1

5.3

13.4

44.2

3169.5

235.7

969.4

92.2

152.6

107.0

94.5

386.0

95.6

39.5

94.6

278.5

623.9

3.6

3.7

3.3

3.2

4.0

3.4

3.5

5.2

4.5

3.8

3.1

4.0

ALL
DISTRICTS

BOSTON

1969 APR

994.8

50.0

MAY

302.0

JUN

CD'S MATURTNG IN

PI CHMOND ATLANTA

PHILADELPHIA

CLEVELAND

332. 1

28.5

32.3

18.0

44.7

28.2

79.4

9.6

17.3

13.5

731.4

64.?

228.2

23.0

29.2

JUL

60.6

4.6

13.6

3.1

AUG

116.2

4. 6

33.2

SEP

685. 1

53.4

OCT

56.0

NOV

MAR OR LATER
TOTAL *
AVERAGE MATURITY
IN MONTHS 3/

NEW
YORK

3. 1

CHICAGO

1/ SEE TECHNICAL APPENDIX A.
2/

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

3/ SEE TECHNICAL APPENDIX B.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.




TABLE 6C
MATURITY DISTRIBUTION

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 OF D E P O S I T
AT W E E K L Y 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 D I S T R I C T
AS OF 26
(PERCENTAGE

ALL
DISTRICTS

BOSTON

4.5

4.5

APR

22.6

MAY

CD'S

MATURING

IN

«AR

1Z

1969

DISTRIBUTION)

DALLAS

FRANCISCO

18.6

24.6

23.3

13.9

14.0

9.5

13.2

16.9

17.7

15.6

12.9

15.4

12.0

10.2

13.9

17.3

19.6

13.2

8.3

8.6

7.7

8.0

11.9

8.3

7.6

11.6

8.1

7.6

9.7

7.8

7.9

6.5

6.4

3.1

3.4

2.0

2.5

2.2

3.7

5.2

1.6

4.8

0.9

2.0

1.6

1.4

2.3

1.6

0.6

1.0

1.0

1.6

2.2

2.0

2.3

2.3

3.7

2.0

6.4

1.5

1.7

3.2

1.8

1.6

1.9

3.6

2.9

1.1

3.7

1.6

2.5

1.4

1.5

3.2

3.3

1.4

0.8

1.0

1.7

1.8

2.0

2.4

1. 3

1.1

0.6

0.7

0.9

2.2

1.0

0.8

0.7

0.9

1.1

0.5

0.4

1.1

0.7

0.0

1.0

1.6

1.2

2.5

1.7

1.5

2.3

12.5

1.6

1.8

1.8

2.5

1.9

0.1

1.5

1.7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

3.5

3.0

4.5

3.4

22.0

19.8

23.1

24.4

13.9

13.5

19.0

12.3

12.9

17.5

14.3

16.8

11.1

15.0

9.9

16.0

7.5

5.4

9.2

5.7

7.4

6*1

6.8

6.7

3.0

4.1

2.3

2.0

NOV

1.5

1.5

1.3

DEC

2.5

4.9

1970 JAN

2.4

FEB
MAR

RICHATLANTA
MOND

CLEVELAND

5.6

5.0

3.0

5.2

2.5

22.7

24.3

23.5

16.9

23.7

13.7

14.0

13.6

13.7

10.6

J UN

17.7

2 0.8

21.4

21.0

JUL

12.6

9.4

10.6

AUG

7.8

5.7

SEP

6.9

OCT

1969

PHILADELPHIA

MAR

APR

1/

26-MAR

OR

31

LATER

INCLUDES ONLY CERTIFICATES




ISSUED

NEW
YORK

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

OF

$ 1 0 0 , 0 0 0 OR

MORE

CHICAGO

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

TABLE 6 D
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 MAR 1969
(CUMULATIVE PERCENTAGE)
CD* S MATURING IN

ALL
DISTRICTS

BOSTON

4.5

4.5

APR

27. 1

MAY

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

3.5

3.0

4.5

3.4

5.5

4.3

24.5

23.3

26.1

2 8.9

22.0

30.1

27.6

42.8

38.0

42.3

38.4

42.8

36.0

39.6

40.8

43.4

60.3

52.3

59.1

55.3

60.5

51.6

52.5

56*2

74.3

58.4

70.2

68.3

71.1

65.5

74.4

68.9

72.1

69.4

83.0

79.7

67.6

75.9

76.6

79.7

73.2

82.4

80.8

80.4

77.0

84.5

89.1

86.5

74.3

87.5

84.7

87.3

82.9

90.2

88.7

86.9

83.4

88.8

88.6

91.4

88.5

77.4

90.9

86.7

89.8

85.1

93.9

93.9

88.5

88.2

NOV

90.3

90.1

92.7

89.4

79.4

92.5

88.1

92.1

86.7

94.5

94.9

89.5

89.8

DEC

92.8

95.0

94.9

91.4

81.7

94.8

91.8

94. I

93.1

96.0

96.6

92.7

91.6

1970 JAN

95.2

96.6

96.8

95.0

84.6

95.9

95.5

95.7

95.6

97.4

98. 1

95.9

94.9

FEB

96.6

97.4

97.8

96.7

86.4

97.9

97.9

97.0

96.7

98.0

98.8

96.8

97.1

MAR

97.6

98.2

98.5

97.6

87.5

98.4

98.3

98.1

97.4

98.0

99.8

98.4

98.3

100.0

100. 0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

PHILADELPHIA

CLEVELAND

5.6

5.0

3.0

5.2

2.5

27.2

29.9

28.5

19.9

28.9

40.8

41.2

43.5

42.2

30.5

JJN

58.5

62.0

64.9

63.2

JUL

71.1

71.4

75.5

AUG

78.9

77. 1

SEP

85. 8

OCT

1969 MAR

26-MAR

31

APR OR LATER

NEW
YORK

RICHMOND ATLANTA

CHICAGO

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

>




T A B L E 6E

1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 26 MAR

1969

(PERCENTAGE DISTRIBUTION)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

24.7

9.9

20.8

20.6

36.0

25.1

3.9

9.2

6.5

6.6

7.7

10.5

11.1

30.7

13.3

26.1

21.7

22.5

29.4

19.1

20.8

3.8

3.5

0.1

2.5

4.9

3.8

2.3

0.8

1.5

2.5

3.2

3.8

1.4

5.1

1.9

1.0

4.4

4.2

4.5

18.9

18.7

26.5

29.2

24.1

23.8

21.9

17.5

24.1

21.8

21.3

4.2

1.9

1.1

1.1

0.6

1.5

2.4

1.9

14.4

0.4

0.6

0.7

0.8

0.8

0.9

0.7

4.9

0.1

0.2

0.1

2.6

0.3

1.5

0.2

0.3

DEC

1.4

0.9

0.8

0.5

1.0

0.3

0.7

1.0

21.7

0.3

0.7

1.1

0.8

1970 JAN

1.3

1.4

0.2

1.3

0.5

0.1

3.2

0.4

3.3

0.0

1.7

0.4

3.6

FEB

1.7

0.6

0.6

1.1

0.7

0.0

1.6

1.1

0.1

0.0

1.5

0.4

3.3

5.5

5.2

5.9

4.6

6.5

2.4

2.6

3.5

3.7

12.9

5.6

4.8

7.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

ALL
DISTRICTS

BOSTON

1969 APR

28.2

21.2

MAY

9.5

JUN

CD'S MATURING

IN

RICHATLANTA
MOND

PHILADELPHIA

CLEVELAND

34.3

30.9

21.2

16.8

47.3

12.0

8.2

10.4

11.3

12.6

23.1

2 7.2

23.5

24.9

19.1

JUL

1.9

2.0

1.4

3.4

AUG

3,7

2.0

3.4

SEP

21.6

22.7

OCT

1.8

NOV

MAR

OR LATER

TOTAL *

NEW
YORK

CHICAGO

1/ S E E T E C H N I C A L APPENDIX A.
2/

I N C L U D E S ONLY C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.

N O T E - SALES
*

IN THIS TASLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.

DETAILS MAY NOT ADD TO T O T A L S DUE




TO ROUNDING.

TECHNICAL APPENDIX A
DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner:

Outstanding CD's maturing in each month of the previous survey are

subtracted from maturities in the same month of the current survey.

Those

CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.

Those CD's maturing after the last individual

month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding

quantity for a time period com-

parable' to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.

Some sales

Sales of CD's between the

survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.

However, since the minimum maturity for time

deposits under current 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's that have matured
between surveys and (2) the amount, if any, of sales between survey dates
that mature in the remaining days of the calendar month in which the current
survey is taken.




TECHNICAL NOTE B
CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
OUTSTANDINGS
Average maturities of outstanding negotiable time certificates of
deposit are calculated on a weighted .average basis.

All CD's are assumed to

mature in the middle of the month and those CD's maturing in the survey
month—after the survey d a t e — a r e assumed to mature in the middle of the
period between the .survey date and the end of the calendar month in which
the survey is taken.

The weights are the quantity of CD's maturing in each

month or fraction thereof as a proportion of total CD's outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.

All of these CD's are assumed to mature in the

middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.

That is, they

are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.

Any CD's sold between

survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.




Technical Note B (continued)

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

While it appears more logical to

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

If the assumption is made that all CD's

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

As a result, the average maturity of sales is

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

Thus, large changes in

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

Formulas for calculation of average maturities are available on
request from the Banking Section, Division of Research and Statistics, Board
of Governors of the Federal Reserve System.




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