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L.A.I CONFIDENTIAL (FR) May 17, 1972 Research Library- SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF April 26, 1972 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 1/ M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY R E P O R T I N G B A N K S AS CF 26 APR CCS MILRING AMOUNT (MILLIONS OF DOLLARS) IN 1972 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE SALES SINCE P R E V I O U S M O N T H 2/ (MILLIONS CF D O L L A R S 1 1,078.9 3.1 3.1 .0 MAY 9,514.9 27.7 30.8 4,238.3 JUNE 6,255.7 18.2 49.0 1,670.6 JULY 5,008.7 14.6 63.6 2,382.6 AUGUST 2,552.3 7.4 71.0 267.1 SEPTEMBER 2,155.4 6.3 77.3 239.2 CCTGBER 2,103.0 6.1 83.4 736.2 NOVEMBER 9C2.5 2.6 86.0 165.3 CECEMBER 1,103.6 3.2 89.2 109.7 1,069.3 3.1 92.3 66.8 FEBRUARY 463.7 1.4 93.7 17.3 MARCH 559.3 1.6 95.3 22.2 APRIL 523.8 1.5 96.8 1,026.1 3.0 100.0 XXX 34,337.3 100.0 XXX 10,561.7 1972 APRIL 27 - 30 1973 J A N U A R Y OVER 12 M O N T H S TOTAL < MEMORANDUM 2 JUNE JUNE 370.5 1,044.5 12 15 1/ INCLUDES O N L Y C E R T I F I C A T E S 2/ SEE T E C H N I C A L IN D E N O M I N A T I O N S OF APPENDIX A. 3/ SALES OF C D ' S M A T U R I N G AFTER 11 M O N T H S . 6 4 6 . 6 3/ TAX AND DIVIDEND M A T U R I T I E S ! XXX XXX 1.1 3.0 $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY W E E K L Y R E P O R T I N G B A N K S . 107.6 309.2 TABLE 2A if 1/ M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T AT NEW YORK C I T Y , C H I C A G C , A N D ALL CTHER WEEKLY R E P O R T I N G B A N K S AS OF 2 6 APR 1972 (IN M I L L I O N S OF D O L L A R S I NEW AMOUNT CCS MATURING IN 1972 APR 27 - APR 30 SALES SINCE P R E V I O U S MONTH 2/ AMOUNT 44.4 .0 759.9 .0 M Y 3 ,533.1 1,672.6 522.0 257.9 5,459.9 2,307.9 JUNE 2 ,226.2 688.3 428.0 90.1 3,601.5 892.1 JULY 1 ,890.1 963.1 466.9 269.7 2,651.7 1,149.7 AUGUST 1 ,194.2 90.7 187.6 15.8 1,170.6 160.7 SEPTEMBER 810.5 128.7 185.7 8.8 1,159.2 101.6 OCTOBER 630.5 149.9 184.4 102.5 1,288.1 483.8 NOVEMBER 410.5 90.9 28.1 .6 464.0 73.9 CECEMBER 506.6 42.7 17.4 .1 579.6 67.1 342.3 7.1 35.1 5.8 692.0 53.9 FEBRUARY 73.6 3.9 19.8 1.1 390.3 12.3 MARCH 62.3 3.0 25.9 .9 451.1 18.3 APRIL 89.3 12 M O N T H S TOTAL * N U M B E R OF R E P O R T I N G 37.0 XXX 746.0 XXX 121,306.8 3,914.3 2, 193.9 765.9 19,836.7 5,881.5 121.2 460.4 I N C L U D E S CNLY C E R T I F I C A T E S S A L E S CF CC'S M A T U R I N G AFTER 11 f C N T H S . * TOTALS M Y NCI ADD CLE TO R C U N C I N G . TAX AND DIVIDEND M A T U R I T I E S ! 27.5 89.2 38.9 175.9 IN D E N O M I N A T I O N CF A. 231 12 12 BANKS APPENDIX 5 6 0 . 2 /3 XXX 12 15 2/ SEE T E C H N I C A L 422.8 243.1 (MEMORANDUM: JUNE JUNE 12.8 /3 11.6 73.4 /3 $ 1 0 0 , 0 0 0 OR M O R E 9.2 14.6 ISSUED BY WEEKLY R E P O R T I N G B A N K S . 221.8 494.9 BANKS SALES SINCE P R E V I O U S M O N T H 2/ •C OVER 3/ AMOUNT SALES S I N C E P R E V I O U S M O N T H 2/ WEEKLY REPORTING 274.5 1973 J A N U A R Y 1/ ALL OTHER CHICAGO YORK CITY 59.5 118.6 TABLE 28 1/ M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E NEW YORK CITY , C H I C A G O « AS OF TIME C E R T I F I C A T E S OF DEPOSIT AT AND ALL CTHER WEEKLY R E P O R T I N G BANKS 26 APR 1972 AND 29 MAR 1972 (PERCENTAGE D I S T R I B U T I O N ) FA 1 UK 1 NO in — 26 APR 29 MAR 26 APR ALL OTHER CHICAGO NEW YORK C I T Y LU"S 29 MAR 26 APR 29 MAR 2.2 7.4 2.0 3.6 3.8 4.4 CI M C N T H S 3/ 28.7 23.9 23.8 29.4 27.5 28.2 02 M O N T H S 18.1 15.8 IS.5 12.8 18.2 16.1 03 M O N T H S 15.4 13.0 21.3 16.4 13.4 13.8 04 M O N T H S 9.7 7.8 8.6 9.5 5.9 7.7 05 M O N T H S 6.6 9.3 8.5 8.3 5.8 5.2 06 M O N T H S 5.1 5.8 8.4 8.6 6.5 5.4 07 M O N T H S 3.3 4.1 1.3 4.0 2.3 4.1 08 M O N T H S 4.1 2.7 .8 1.3 2.9 2.0 09 M O N T H S 2.8 3.9 1.6 .8 3.5 2.6 10 M O N T H S .6 2.8 .9 1.4 2.0 3.3 11 M O N T H S .7 .6 1.2 .9 2.3 1.9 12 M O N T H S .7 .7 .5 1.2 2.1 2.2 2.0 2.2 1.7 1.7 3.8 3.1 100.0 100.0 10C.0 100.0 100.0 100.0 0-6 DAYS CVER 2/ 12 M O N T H S TOTAL * 1/ I N C L U D E S O N L Y C E R T I F I C A T E S BANKS. IN D E N O M I N A T I O N S OF $100,000 OR M O R E ISSUED BY WEEKLY R E P O R T I N G 2/ N U M B E R OF D A Y S R E M A I N I N G IN S U R V E Y M O N T H . THIS PERIOD V A R I E S WITH THE NUMBER CF D A Y S F O L L O W I N G THE LAST W E D N E S D A Y OF THE M O N T H . 3/ N U M B E R * TCT^S OF M O N T H S F O L L O W I N G THE MAY NOT A ( ^ DUE SURVEY M O N T H . TO R C U N ^ N G . ^ # # # # » TABLE # 2C 1/ M A T U R I T Y D I S T R I B U T I O N CF O U T S T A N C I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T AT NEW YORK C I T Y , C H I C A G O , AND ALL OTHER W E E K L Y R E P O R T I N G AS OF 26 APR 1972 A N D 29 MAR BANKS 1972 (CUMULATIVE DISTRIBUTION) NEW YORK CITY !• S M A T U R I N G 26 APR 0-6 ALL OTHER I DAYS 2/ 29 MAR 26 APR 29 26 APR MAR 7.4 2.0 3.6 3.8 4.4 01 M O N T H S 3/ 30.9 31.3 25.8 33.0 31.3 32.6 C 2 MONTHS 49.0 47.1 45.3 45.8 49.5 48.7 03 M O N T H S 64.4 60.1 66.6 62.2 62.9 62.5 04 M O N T H S 74.1 67.9 75.2 71.7 68.8 70.2 05 M O N T H S 80.7 77.2 83.7 80.0 74.6 75.4 06 M O N T H S 85.8 83.0 92.1 88.6 81.1 80.8 07 M O N T H S 89.1 87.1 93.4 92.6 83.4 84.9 08 M O N T H S 93.2 89.8 94.2 93.9 86.3 86.9 09 M O N T H S 96.0 93.7 95.8 94.7 89.8 89.5 1C M O N T H S 96.6 96.5 96.7 96.1 91.8 92.8 11 M O N T H S 97.3 97.1 97.9 97.0 94.1 94.7 12 M O N T H S 98.0 97.8 98.4 98.2 96.2 96.9 100.0 100.0 100.0 100.0 100.0 100.0 12 M O N T H S INCLUDES O N L Y C E R T I F I C A T E S BANKS. IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 CR MORE ISSUED BY WEEKLY R E P O R T I N G 2/ NUMBER OF C A Y S R E M A I N I N G IN S U R V E Y M O N T H . THIS P E R I O D V A R I E S WITH F O L L O W I N G THE LAST WEDNESDAY OF THE M O N T H . 3/ NUMBER CF M O N T H S F O L L O W I N G 29 MAI 2.2 CVER 1/ CHICAGO IN THE SURVEY M O N T H . THE NUMBER OF D A Y S MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 26 APR 1972 (AMCUNTS IN MILLIONS OF DOLLARS) TABLE 3A 1/ $1 BILLION AND OVER $200 MILLION ANC UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION 1,078,9 66.1 17C.1 240.3 MAY 9,514.9 885.3 1,348.5 JUNE 6,255.6 444.3 JULY 5,008.6 AUGUST C D ' S MATURING IN TOTAL PRIME 3/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 602.4 240.2 179.0 183.2 1,538.6 5,742.5 3,195.9 1,490.8 1,055.8 935.8 1,092.4 3,783.1 2,153.9 927.5 701.7 283.0 600.6 693.7 3,431.3 1,833.5 1,152.0 445.8 2,552.3 129.6 248.8 283.6 1,890.3 1,078.5 478.8 333.0 SEPTEMBER 2,155.5 154.9 246.0 293.2 1,461.4 733.8 445.6 282.0 OCTCBER 2,102.9 115.4 321.2 297.0 1,369.3 603.4 475.9 290.0 NCVEMEER 902.5 45.2 110.8 138.7 607.8 400.3 104.5 103.0 DECEMBER 1,103.5 54.3 126.5 148.0 774.7 484.2 150.6 139.9 1,069.3 42.4 134.1 128.0 764.8 340 .1 216.9 207.8 FEBRUARY 483.6 37.2 62.9 81.0 302.5 73.2 116.1 113.2 MARCH 559.2 41.4 55.7 83.0 379.1 79.6 147.4 152.1 APRIL 523.8 20.9 58.5 87.6 356.8 77.7 168.2 110.9 1,026.0 71.2 92.0 224.1 638.7 213.7 355.7 69.3 34,336.6 2,391.2 4,511.5 5,329.2 22,104.7 11,508.0 6,409.0 4,187.7 1972 APR 27-30 1973 JANUARY MAY CR LATER TCTAL * (MEMORANDUM: TOTAL _— TAX iAND DIVIDEND MATURITIES! — — — — JUNE 12 370.5 32.6 63.0 77.7 197.2 117.3 40.3 39.6 JUNE 15 1,044.5 42.0 111.8 136.6 754. 1 443.7 186.5 123.9 — — — - 255 NUMBER OF BANKS) (MEMORANDUM: 88 81 49 — 37 7 — 12 1/ INCLUDES C E R T I F I C A T E S I* DENOMINATIONS OF *100,000 G* MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TCTAL CEPCSITS 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 CTHER WITHIN THE SECONDARY M A R K E T . • TCTALS PAY NCT ADC CUE TO R C U N D I N G . — — 18 TABLE SALES 38 /!/ OF 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 SINCE P R E V I O U S M O N T H AT W E E K L Y R E P O R T I N G B A N K S BY SIZE OF B A N K S 3/ AS OF 2 6 APR 1972 I A M O U N T S IN M I L L I O K S CF D O L L A R S ) 2/ $1 B I L L I O N A N D OVER CD'S MATURING TOTAL IN $200 M I L L I O N TO $500 MILLION $200 MILLION AND UNDER — 1972 APR — — — — — — — PRIME 4/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY TOTAL — 27-30 MAY 4,238.2 45C.8 596.7 611.1 2,579.6 1,475.6 680.6 423.4 J UN E 1,670.7 127.5 201.8 307.7 1,033.7 672.0 195.2 166.5 JULY 2,382.5 123.2 259.5 298.8 1,701.0 934.7 573.4 192.9 AUGUST 267.2 23.1 21.4 53.1 169.6 88.0 57.0 24.6 SEPTEMBER 239.3 18.3 26.6 55.4 139.0 111.2 16.2 11.6 GCTCBER 736.C 53.4 175.9 117.0 389.7 128.7 164-0 97.0 NOVEMBER 165.4 3.5 35.2 20.2 106.5 82.8 7.0 16.7 DECEMBER 109.7 8.0 20.8 27.2 53.7 41.5 5.2 7.0 66.8 3.7 15.1 10.6 37.4 5.2 13.9 18.3 FEBRUARY 17.2 1.7 3.8 MARCH 22.2 3.5 7.6 646 • 5 26.3 69.0 119.6 431.6 10.561.7 843.C It 4 3 3 . 4 11643 .0 6,642.3 1973 J A N U A R Y (MEMORANDUM: TAX 8.0 2.6- 3.8 8.6- 2.2 3.1 2.8 1.6- 1.9 267.4 109.4 3,601.1 1,969.7 1,071.5 CO * 14.3 in TCTAL * APRIL CR L M E R [DEND MAI JUKE I2 107.7 14.9 17.5 14.3 61.0 39.0 11.0 11.0 JUKE 15 3C9.3 13.3 28.1 21 . 1 246.8 175.9 42.3 28.6 37 7 12 18 (MEMORANDUM: 255 1/ 2/ 3/ 4/ * $500 M I L L I O N TO $1 B I L L I O N 88 NUMBER OF 81 BANKS) 49 SEE T E C H N I C A L APPENCIX A . I N C L U D E S C E R T I F I C A T E S IK C E h C M N A T I O N S OF $100,OCC CR M O R E ISSUED BY W E E K L Y R E P O R T I N G B A N K S . TCTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPCRT CF C O N D I T I O N ON D E C E M B E R 31, 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 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 AND WHICH ARE R E P O R T E D BY C E A L E R S TC TRADE W I T H I N 1 CR 2 BASIS P O I N T S OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T . T O T A L S MAY NO? ADD DUE TO R O U N D I N G . 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 TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY R E P O R T I N G B A N K S BY SIZE OF BANKS 2/ AS OF 26 APR 1972 PERCENTAGE DISTRIBUTION 1/ $1 B I L L I O N A N D OVER $200 CD'S MATURING IN TCTAL MILLION A N D UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION PRIME 3/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 3.1 2.8 3.8 4.5 2.7 2.1 2.8 4.4 MAY 27.7 37.0 29.9 28.9 26.0 27.8 23.3 25.2 JUNE 18.2 18.6 20.7 20.5 17. 1 18.7 14.5 16.8 JULY 14.6 11.8 13.3 13.0 15.5 15.9 18.0 10.6 AUGUST 7.4 5.4 5.5 5.3 8.6 9.4 7.5 8.0 SEPTEMBER 6.3 6.5 5.5 5.5 6.6 6.4 7.0 6.7 OCTOBER 6.1 4.8 7.1 5.6 6.2 5.2 7.4 6.9 NOVEMBER 2.6 1.9 2.5 2.6 2.7 3.5 1.6 2.5 DECEMBER 3.2 2.3 2.8 2.8 3.5 4.2 2.3 3.3 3.1 1.8 3.0 2.4 3.5 3.0 3.4 5.0 FEBRUARY 1.4 1.6 1.4 1.5 1.4 0.6 1.8 2.7 MARCH 1.6 1.7 1.2 1.6 1.7 0.7 2.3 3.6 APRIL 1.5 C•9 1.3 1.6 1.6 0.7 2.6 2.6 MAY CR 3.0 3.0 2.0 4.2 2.9 1.9 5.6 1.7 100.0 100 .0 100.0 100.0 100.0 100.0 100.0 100.0 1972 APR 27-30 1973 J A N U A R Y LATER TOTAL * TAX Akin niurnckin uiTiiorTf cci — 1 MPMfiD AfUHIlM: lnCnUf*ArlUUn JUNE 12 1.1 1.4 1.4 1.5 0.9 1.0 0.6 0.9 * JUKE 15 3.0 1.8 2.5 2.6 3.4 3.9 2.9 3.0 1/ I N C L U D E S C E R T I F I C A T E S IK D E N O M I N A T I O N S OF $100 #000 CR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . 2/ TCTAL D E P O S I T S AS R E P O R T E D IN THE CALL R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 . 3 / P R I M E B A N K S ARE T H O S E 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 BEING 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 WITHIN 1 OR 2 B A S I S P O I N T S OF EACH CTHER WITHIN THE SECONDARY M A R K E T . TOTALS PAY NCT ADD OLE TO R O U N D I N G # * Q U A L I T Y AND WHICH ARE e TABLE e e e # # # # # M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY R E P O R T I N G B A N K S BY SIZE OF B A N K S 2/ AS OF 26 APR 1972 CUMULATIVE PERCENTAGE 3C # 1/ $1 B I L L I O N AND OVER $200 IN TOTAL MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO SI B I L L I O N P R I M E 3/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 2.8 3.8 4.5 2.7 2.1 2.8 4.4 MAY 30.8 39.8 33.7 33.4 26.7 29.9 26.1 29.6 JUNE 49.0 58.4 54.4 53.9 45.8 48.6 40.6 46.4 JULY 63.6 70.2 67.7 66.9 61.3 64.5 58.6 57.0 AUGUST 71.0 75.6 73.2 72.2 69.9 73.9 66.1 65.0 SEPTEMBER 77.3 82.1 78.7 77.7 76.5 80.3 73.1 71.7 OCTOBER 83.4 86.9 85.8 83.3 82.7 85.5 80.5 78.6 NCVEMBER 86.0 68.8 88.3 85.9 85.4 89.0 82.1 81.1 DECEMBER 89.2 91.1 91.1 88.7 88.9 93.2 84.4 84.4 92.3 92.9 94.1 91.1 92.4 96.2 87.8 89.4 FEBRUARY 93.7 94.5 95.5 92.6 93.8 96.8 89.6 92. t MARCH 95.3 96.2 96.7 94.2 95.5 97.5 91.9 95.7 APRIL 96.8 97.1 95.8 97.1 98.2 94.5 98.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1972 APR 27-30 1973 J A N U A R Y MAY CR LATER CD 3.1 O CD'S MATURING 1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $1CC,00C OR MORE ISSUED BY WEEKLY R E P O R T I N G B A N K S . 2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL R E P O R T OF C O N D I T I O N ON D E C E M B E R 31. 1965. 3/ P R I M E B A N K S ARE T H O S E 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 BEING OF THE H I G H E S T Q U A L I T Y A N D W H I C H ARE R E P O R T E D BY D E A L E R S TO TRADE WITHIN I OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY M A R K E T . TABLE 3E $1 B I L L I O N CD'S MATURING 1972 APR IN TOTAL $200 MILLION AND UNDER *200 M I L L I O N TO $500 MILLION $500 MILLION TO $1 BILLION AND OVER P R I M E 4/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 27-30 MAY 40.1 53.5 41.6 37.2 38.8 41.0 34.6 39.5 JUNE 15.8 15.1 14.1 18.7 15.6 18.7 9.9 15.5 JULY 22.6 14.6 18.1 18.2 25.6 26.0 29.1 18.0 AUGUST 2.5 2.7 1.5 3.2 2.6 2.4 2.9 2.3 SEPTEMBER 2.3 2.2 1.9 3.4 2.1 3. 1 0.8 1.1 OCTOBER 7.0 6.3 12.3 7.1 5.9 3.6 8.3 9. 1 0.4 2.5 1.2 1.6 2.3 0.4 1.6 0.9 1.5 1.7 0.8 1.2 0.3 0.7 C.4 1.1 0.6 0.1 0.7 1.7 0.2 0.3 0.9 0.1 0 . 4— 0.4 0.5 0.5 0.6 0.0 0.0 0.1 0.1- 0.2 0.2 MARCH 1.6 1.0 0.6 0.2 0.2 APRIL CR LATER 6.1 3.1 4.8 7.3 6.5 1.5 13.6 10.2 100.0 1C0.0 100.0 100.0 100.0 100.0 100.0 100.0 0.9 0.9 1.1 0.6 1.0 1.3 3.7 4.9 2.1 2.7 NOVEMBER DECEMBER 1973 J A N U A R Y FEBRUARY TOTAL * — JUNE 12 1.0 JUNE 15 2.9 (MEMORANDUMS 1.8 1.6 TAX AND DIVIDEND M A T U R I T I E S ! 1.2 2.0 I MEMORANDUMS 255 1/ 2/ 3/ St 88 NUMBER OF B A N K S ) 81 49 37 12 SEE T E C H N I C A L A P P E N D I X A. INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 CR MORE ISSUED BY WEEKLY R E P O R T I N G B A N K S . TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL R E P O R T OF C O N D I T I O N ON DECEMBER 3 1 , 1965. P R I M E B A N K S ARE T H O S E 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 BEING OF THE H I G H E S T Q U A L I T Y A N D WHICH ARE R E P O R T E D BY C 6 A L E R S IC T R A D E WITHIN 1 OR 2 B A S I S P O I N T S OF EACH OTHER WITHIN THE SECONDARY M A R K E T . * for TFRASER O T A L S MAY N O T ADC CUE TO R O U N D I N G . Digitized 18 # # # # TABLE 4A AVERAGE MATURITY CF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T 1/ AT WEEKLY R E P O R T I N G B A N K S AT V A R I O U S SURVEY D A T E S (IN M O N T H S ) D A T E OF S U R V E Y BANK C L A S S I F I C A T I O N 26 APR 1972 29 MAR 1972 23 FEB 1972 (BY L O C A T I O N ) ALL R E P O R T I N G B A N K S ISSUING CD'S 3.3 3.3 3.4 NEW YORK CITY 3.1 3.2 3.5 CHICAGO 3.0 3.0 3.2 CTHER 3.5 3.4 3.4 (BY SIZE OF B A N K ) 2/ UNCER $200 M I L L I O N 2.9 3.0 3.0 3.0 2.9 3.0 S500-Slt000 N L L I C N 3.3 3.1 3.1 CVER 3.4 3.5 3.6 3.1 3.3 3.6 PRIME O U T S I D E NEW YORK CITY 3/ 3.9 3.7 3.8 NON-PRIME 3.7 3.6 3.4 S2COS5CC SI BILLION PRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL DEPOSITS 3/ P R I M E B A N K S ARE MILLION IN NEW YORK C I T Y 3/ IN D E N O M I N A T I O N S OF $1CC,00C CR MORE ISSUED BY WEEKLY AS R E P O R T E D IN THE CALL R E P C R T OF C O N D I T I O N ON D E C E M B E R REPORTING BANKS. 31 , 1 9 6 5 . 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 BEING OF THE H I G H E S T Q U A L I T Y AND 1 OR 2 B A S I S PCINTS 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 . W H I C H ARE R E P O R T E D BY D E A L E R S TO TRADE WITHIN TABLE 46 AVERAGE MATURITY OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T SOLD BY W E E K L Y DURING 1/ R E P O R T I N G BANKS THE M O N T H OF VARIOUS SURVEYS <IN M O N T H S ) DATE OF S U R V E Y BANK CLASSIFICATION 26 APR 29 MAR 1972 23 FEB 1972 1972 (BY L O C A T I O N S ALL R E P O R T I N G B A N K S 2.7 2.8 3.1 2.1 2.7 3.6 CHICAGO 2.5 2.5 2.7 CTHER 3.1 3.0 3.0 ISSUING C D ' S NEW YORK CITY (BY SIZE OF B A N K ) 2/ 2.1 2.5 2.2 $20C-$500 MILLION 2.8 2.4 2.7 $50C-$1,000 MILLION 2.9 2.7 2.6 OVER 2.7 3.1 3.5 2.1 2.6 3.8 P R I M E O U T S I D E NEW YORK CITY 3/ 3.4 3.6 3.4 NON-PRIME 3.1 3.6 3.2 UNDER $200 M I L L I O N $1 8ILLICK PRIME IN NEW YORK CITY 3/ 1/ INCLUDES CERTIFICATES 2/ T O T A L D E P O S I T S AS R E P O R T E D 3/ P R I M E B A N K S ARE THOSE 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 BEING OF THE H I G H E S T Q U A L I T Y A N D W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E WITHIN 1 OR 2 B A S I S P C I N T S OF EACH CTHER WITHIN THE S E C O N D A R Y M A R K E T . IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE Digitized for NFRASER O T E — S E E TECHNICAL A P P E N D I X B . ISSUED BY WEEKLY IN THE CALL R E P O R T OF C O N D I T I O N ON DECEMBER 31, REPORTING BANKS. 1965. # # # # # # # # # TABLE 5A R A T I O 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 1/ TO TOTAL D E P O S I T S AT V A R I O U S S U R V E Y D A T E S (PER C E N T ) D A T E OF S U R V E Y TCTAL D E P O S I T S 2/ (IN M I L L I O N S OF O C L L A R S ) ALL B A N K S CD'S ISSUING 26 APR 29 MAR 1972 23 F E B 1972 12.7 12.6 12.9 2C0 10.9 10.5 10.4 200 - 5CC 11.6 11.6 12.1 500 - 11.0 11.1 12.1 13.7 13.6 13.7 19.0 18.5 17.4 9.5 9.3 9.9 12.7 13.2 14.7 UNDER OVER 1000 1000 PRIME IN NEW YORK 3/ PRIME O U T S I D E NEW YORK 3/ NCNPRIME 1/ 1972 INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR 2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL MORE ISSUED BY W E E K L Y R E P O R T I N G B A N K S . REPORT 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/ PRIME B A N K S ARE T H O S E 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 OF THE H I G H E S T Q U A L I T Y A N D WHICH ARE R E P C R T E D BY DEALERS TO T R A D E WITHIN 1 OR 2 BASIS 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 . ISC IE- D E P O S I T S IN THE D E N O M I N A T O R CF THE R A T I O INTERBANK AND U . S . G C V E R N M E N T D E P O S I T S . IN THIS TABLE A R E TOTAL D E M A N D AND T I M E D E P O S I T S , INCLUDING # # # # # # # # # # TABLE 58 R A T I O OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S CF D E P O S I T 1/ TO TOTAL O E P C S I T S AS OF 26 APR (NUMBER CF TCTAL CEPCSITS I IN M L L I C N S All B A N K S CD'S 2/ CF D C L L A R S ) ISSUING 5% OR LESS 5 TC 101 1972 BANKS I 10 TO 15% 15 TO 20% 2C TC 25* 25% OR MORE A V E R A G E CD TC D E P O S I T R A T I O (PER C E N T ) 49 73 67 32 20 14 12.7 200 19 29 22 7 5 6 10.9 2CC - 5CC 18 24 16 11 6 6 11.6 7 10 21 9 2 0 11.C 5 10 8 5 7 2 13.7 0 1 1 1 3 1 19.0 P R I K E CUIS IDE NEh YORK 3/ 3 5 0 3 1 0 9.5 NCNPR1ME 2 4 7 1 3 1 12.7 UNDER 5CC CVER 1CCC 1000 PRIfE 1/ IN NEW YORK 3/ INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF 2/ TOTAL D E P O S I T S AS R E P O R T E D * 1 0 0 . 0 0 0 OR MORE ISSUED BY WEEKLY R E P O R T I N G IN THE CALL 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 BANKS. 3 1 , 1965. 3/ P R I M E B A N K S ARE T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y AND WHICH ARE R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS P O I N T S OF EACH CTHER WITHIN THE S E C O N D A R Y M A R K E T . NCTE- D E P O S I T S IN THE D E N O M I N A T O R CF THE R A T I O INTERBANK AND U . S . GOVERNMENT DEPOSITS. IN THIS TABLE ARE TOTAL D E M A N D AND TIME D E P O S I T S , INCLUDING TABLE 5C PER CENT C H A N G E IN O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E OF D E P O S I T /i 29 MAR 1972 TO 26 APR (NUMBER OF BANKS! D E C L I N E S OF TOTAL D E P O S I T S 2/ C D ' S TO ZERO (IK M I L L I O N S OF D O L L A R S ! ALL B A N K S CD'S lOt OR MORE ISSUING 5 TO 10% 1972 5 1 OR LESS NO CHANGE —»—»— ~ 5% OR LESS — I N C R E A S E S OF 5 TO 10% 10* OR MORE 26 45 55 17 45 25 42 I S S U E D CO * S BUT HAD NONE OUT STANDING ON BASE DATE 2CC C 8 14 20 7 17 4 18 0 2CC*- 5CC c 10 14 17 8 13 8 11 0 5CC - 0 4 11 11 2 7 6 8 0 0 4 6 7 0 8 7 5 0 0 1 0 2 0 2 C 2 0 c 1 1 1 0 3 3 3 0 0 2 5 4 0 3 4 0 0 UNDER CVER 1CC0 10C0 PRIME IN NEW YORK PRIME O U T S I D E NEW 3/ YORK 3/ NCNPRIME 1/ INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF 2/ TCTAL D E P O S I T S AS R E P O R T E D IN THE C A L L $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY R E P O R T I N G B A N K S . R E P O R T OF C O N D I T I O N ON DECEMBER 31, 1965. 3/ PRIME B A N K S ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y A N D WHICH ARE 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 BASIS P O I N T S OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T . NOTE- THE NUMBER OF B A N K S IN THIS TABLE D I F F E R S FROM T H O S E IN MOST OTHER TABLES TO THE EXTENT THAT B A N K S THAT H A D O U T S T A N D I N G C D ' S ON THE LAST S U R V E Y R E D U C E D THEIR O U T S T A N D I N G S TO ZERO ON THIS S U R V E Y . • # e # # TABLE PER CENT C H A N G E e IN 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 OF D E P O S I T (NUMBER OEPCSITS Z2 (IK M I L L I C K S CF D O L L A R S * ALL BANKS CD'S REDUCED CD'S 25% TO OR ZERC MCRE ISSUING CF 20 10 TO 15% 15 TC 20% /I 1972 BANKS) I N C R E A S E OF D E C L I N E S CF TO 25% # 5C 26 JAN 1972 TC 26 APR TCTAL e 5 TO 10% 5% OR LESS 16 IC 19 21 32 3€ NO CHANGE 10 TO 15% 15 TO 20% ISSUED 5% OR LESS 5 TO 10% 20 TO 25% 25% OR MORE 31 17 11 14 10 26 NONE OUTSTANDING ON BASE DATE 20C C 5 1 4 6 8 16 4 12 5 4 6 6 11 0 2 0 0 - 50C 0 8 5 7 7 11 11 4 6 4 4 4 2 8 0 5CC - 0 1 3 4 5 7 7 1 7 4 1 2 1 5 1 0 2 1 4 3 6 4 0 6 4 2 2 1 2 0 3/ 0 0 0 1 0 0 1 0 2 0 1 1 0 1 0 YORK 3/ 0 0 0 1 2 3 1 0 2 2 0 0 0 1 0 0 2 1 2 1 3 2 0 2 2 1 1 I 0 0 UNDER OVER 1000 1C0C PRIME IN NEW YORK P R I M E O U T S I D E NEW NCNPRIME 1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S GF 2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL $100,000 OR MORE ISSUED BY W E E K L Y R E P O R T I N G REPORT OF C O N D I T I O N ON DECEMBER 31. BANKS. 1965. 3/ P R I M E B A N K S ARE 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 BEING OF THE H I G H E S T Q U A L I T Y AND W H I C H A R E R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS 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 . NOTE- THE NUMBER OF B A N K S IN T H I S TABLE D I F F E R S FROM T H O S E IN MOST OTHER TABLES TO THE EXTENT THAT B A N K S THAT H A D O U T S T A N D I N G C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE C U R R E N T S U R V E Y , R E D U C E D THEIR O U T S T A N D I N G S TC Z E R O . T A B L E 5E CHANGE IN O U T S T A N D I N G N E G O T I A B L E OVER TIME C E R T I F I C A T E S OF D E P O S I T THE M O N T H AS A PER C E N T OF TOTAL 1/ DEPOSITS AT THE B E G I N N I N G OF T H E P E R I O D 29 MAR 1972 T C 2 6 APR (NUMBER OF TCTAL CEPOSITS 2/ BANKSI D E C L I N E S OF 3* ANC OVER (IN M I L L I O N S CF C O L L A R S ) ALL B A N K S CD'S 1972 ISSUING it AND LESS I TO 2% 2 TO 31 I N C R E A S E S OF NO CHANGE It AND LESS 3% AND OVER 2 TO 3% 1 TO 2% 0 10 20 101 17 70 16 9 12 LNOER 2CC 0 2 6 37 7 21 6 3 6 2CC - 5CC C 4 6 32 8 22 4 1 4 5CC - 1000 0 I 6 IS 2 14 5 1 1 0 3 2 13 0 13 1 4 1 0 1 0 2 0 2 0 1 1 C 0 0 3 0 6 1 2 0 0 2 2 6 0 5 0 1 0 CVER 10CC PRIME IN NEh YORK 3/ PRIME C L T S I C E NEW YORK 3/ NCNPRIME 1/ INCLUDES C E R T I F I C A T E S IN D E N O M I N A T I O N S OF 2/ TCTAL D E P O S I T S AS R E P O R T E D IN THE CALL $ 1 0 0 , 0 0 0 OR MORE REPORT OF C O N D I T I O N ISSUED BY WEEKLY R E P O R T I N G CN D E C E M B E R BANKS. 31, 1 9 6 5 . 3/ P R I M E B A N K S ARE 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 A S BEING OF THE H I G H E S T Q U A L I T Y A N D W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E WITHIN 1 OR 2 BASIS 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 . fcCTE- 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 I N T E R B A N K AND U . S . G O V E R N M E N T D E P O S I T S . IN THIS T A B L E ARE TOTAL D E P A N O A N D TIME D E P O S I T S , I N C L U D I N G T A B L E 5F CHANCE OVER IN O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T THE LAST THREE M O N T H S AS A PER CENT OF AT THE B E G I N N I N G TOTAL D E P O S I T S 2/ UN ALL M I L L I O N S CF D O L L A R S ) BANKS CD'S CF TOTAL D E P O S I T S CF THE P E R I O D 26 JAN 1972 TO 26 APR <NUMBER 1/ 1972 BANKS) D E C L I N E S CF 5% AND OVER 4 TC 5* 3 TO 41 I N C R E A S E S OF 2 TO 3% 1 TO 2% 1% AND LESS NO CHANGE 1% AND UNDER 1 TO » 2% 2 TO 3% 3 TO 4% 4 TO 5% 5% AND OVER ISSUING 4 5 9 17 33 70 9 48 24 10 12 2 11 UNDER 200 0 0 1 5 5 28 4 19 10 3 6 1 6 200 - 5CC 2 2 5 7 15 19 4 10 7 1 5 0 4 500 - 1000 1 2 2 3 7 13 1 10 5 2 1 1 0 1 1 1 2 6 10 0 9 2 4 0 0 1 0 0 0 0 1 1 0 2 1 1 0 0 1 0 0 0 0 3 4 0 5 0 0 0 0 0 1 I 1 2 2 5 0 2 1 3 0 0 0 OVER 1000 PRIME IN NEW YORK 3/ P R I M E O U T S I D E NEW NCNPRIME YORK 3/ 1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $100 ,000 OR 2/ TOTAL D E P O S I T S AS R E P O R T E D MORE ISSUED 0Y W E E K L Y R E P O R T I N G B A N K S . IN THE CALL REPORT OF C O N D I T I O N ON DECEMBER 31, 1965. 3 / PRIME B A N K S ARE 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 ARE R E P O R T E D BY D E A L E R S TO TRADE WITHIN I OR 2 BASIS 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 . NCTE- 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 INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN T H I S T A B L E ARE TOTAL D E M A N D A N D TIME D E P O S I T S , INCLUDING T A B L E 6A M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S O F D E P O S I T A T W E E K L Y R E P O R T I N G BANKS 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 2 6 APR (AMOUNTS CCS MATURING IN ALL DISTRICTS BOSTON 1078.9 67.3 MAY 9514.9 JUN 1972 IN M I L L I O N S OF D O L L A R S ! DALLAS SAN FRANCISCO 3U1 144.8 165.5 91.2 223.4 654.8 1324.9 131.7 64.2 150.3 331.4 736.3 707.3 60.1 51.8 102.6 250.5 786.4 67.2 278.1 39.9 9.0 48.2 108. 1 361.1 81.1 106.4 263.1 24.7 18.7 47.8 132.4 303.0 204.4 68.0 66.3 257.5 41.2 26.2 48.9 115. 7 276.4 79.4 63.5 33.7 23.1 59.4 6.4 4.6 23.2 37.2 61.7 555.5 97.4 42.7 17.5 22.1 77.5 9.8 13.9 34.9 55.1 119.9 37.? 359.0 77.6 41.0 60.0 36.0 69.5 31.2 25.4 11.3 108.0 212.5 483.5 10.3 85.7 66.9 22.6 25.5 16.9 33.1 5.6 3.2 27.1 73. 1 113.5 PAR 559.3 39.5 99.3 96.7 38.2 12.1 20.8 51.8 15.8 2.5 10.0 41.7 130% 9 APR 524.0 10.5 113.1 80.6 53.8 15.1 15.6 27.9 5.2 2.8 16.6 26.6 156.2 1026.1 49.9 251.3 92.3 272.9 18.1 29.2 58.1 26.5 6.4 35.5 22.6 163.3 34337.2 1718.C 14225.7 1544.5 2092.7 993.3 1278.9 3743.6 578.0 338.0 810.9 2102.0 4911.6 3.3 3.1 2.9 5.1 4.5 3.4 2.9 2.9 3.4 3.2 3.5 3. I 3.6 255 18 41 1C 19 16 23 36 il 20 24 32 NEW YORK PHILADELPHIA CLEVELAND 339.5 31.2 58.0 44.8 45.1 533.8 4240.5 257.6 446.8 256.7 6255.7 322.6 2682.8 248.4 311.4 JUL 5008.6 222.3 2105.8 114.3 AUG 2552.4 76.6 1298.7 2155.4 66.6 CCT 2103.1 NCV RICHMOND ATLANTA ST. LOUIS MINNEAPOLIS 107.3 26.2 18.1 379.9 951.6 153.7 187.5 287.7 801.4 331.4 L13.5 162.6 90.7 115.1 59.7 920.5 100.2 90.9 153.5 733.8 111.2 902.4 7C.G 440.2 DEC 1103.7 57.4 1973 JAN 1069.2 FEB 1972 APR 27—APR SEP 3C e MAY CR LATER TOTAL * AVERAGE MATURITY IK M C N T H S 2/ NUMBER BANKS 2/ SEE CHICAGO KANSAS CITY CF R E P O R T I N G 1/ I N C L U D E S O N L Y C E R T I F I C A T E S * 1/ TECHNICAL A P P E N D I X ISSUED lb D E K C M I K A T I C N S OF B. D E T A I L S *AV NCT ADD TC T O T A L S DUE TO R O U N D I N G . * 1 0 0 , 0 0 0 OR MORE BY W E E K L Y R E P O R T I N G BANKS. e • • e • • e TABLE 66 1/ SALES OF N E G O T I A B L E 2/ TIKE 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 BY FEDERAL R E S E R V E D I S T R I C T e # • SINCE P R E V I O U S M O N T H AS CF 26 APR 1972 ( A M O U N T S IN M I L L I O N S OF D O L L A R S ) CCS ALL DISTRICTS BOSTON MAY 4238.3 214.7 JUN 1670.6 JUL MATURING IN PKILAOELPHIA CLEVELAND 1999.5 107.0 178.7 105.2 636.6 69.8 2382.6 118.7 1048.6 68.9 AUG 267.1 23.4 55.8 SEP 239.1 13.4 OCT 736.2 NCV NEW YGRK RICHATLANTA MOND CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 116.6 138.C 377.7 73.3 24.8 99.7 314.3 593.6 35.7 59.5 174.9 41.1 13.3 28.7 100. 7 138.6 105.4 51.8 75.8 389.2 20.3 25.5 40.3 99.5 334.6 16.6 28.7 8.0 8.0 31.6 4.C I .9 3.6 3.6 41.9 135.6 6.7 5.6 17.7 6.8 14.9 5.6 1.3 3.3 8. 1 15.9 49. 1 195.0 18.6 113.4 30.9 43.6 141.1 27.0 4.9 18.2 44. 1 50.3 165.4 9.5 96.6 10.1 29.2 1.7 4.8 5.8 0.2 1.0 1.3 1.6 3.6 DEC 109.6 6.1 59.7 5.5 8.9 1.1 2.2 11.5 0.3 0.5 6.8 2.7 4.3 1573 JAN 66.7 5.4 9.8 11.7 5.2 4.3 1.7 8.9 0.7 6.3 1.5 4•C 7.2 FEB 37.0 2.1 4.2 1.0 1.4 13.8 1.2 2.8 0.0 0.0 0.8 0.2 9.5 MAR 26.4 0.2 4.6 0.7 1.7 3.0 2.2 5.9 3.2 0.6 0.6 1.9 1.8 646 .6 24.6 102.0 81.6 130.1 17.4 22.0 28.7 4.1 2.7 17.6 26.0 189.6 10585.6 572.6 4592.6 398.2 674.8 302.0 369.8 1193.0 179.8 82.8 222.4 606.7 1390.9 2.6 2.6 2.1 4.3 4.6 3.2 2.8 2.6 2.5 2.9 2.8 2. 1 3.1 1972 APR CR LATER TCTAL * AVERAGE MATURITY lh M C N T H S 3/ 1/ SEE T E C K M C A L APPENDIX A. 2/ INCLUDES CNLY C E R T I F I C A T E S 3/ SEE T E C F M C A L * D E T A I L S PAY NCT APPENDIX 66 * 5 ISSUED IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE B. ACC TO T O T A L S CUE TO R O U N D I N G . BY W E E K L Y R E P O R T I N G BANKS. TABLE 6C MATURITY DISTRIBUTION OF O U T S T A N D I N G NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 26 APR 1/ 1972 (PERCENTAGE DISTRIBUTION! ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 2.9 4.5 5.4 3.8 6.9 3.4 29.7 25.4 26.6 27.0 27.5 31.2 27.0 18.9 22.5 21.4 22.8 19.0 18.5 15.8 15.0 15.8 11.4 12.7 18.9 10.4 15.3 12.7 11.9 16.0 5.9 5.5 6.0 5.3 7.4 6.9 2.7 5.9 5. 1 7.4 6.5 6.5 4.3 8.2 8.3 7.0 4.3 5.5 5.9 6.3 6.2 8.9 5.2 7.2 9.8 6.8 5.2 6.9 7.1 7.8 6.0 5.5 5.6 2.6 4.1 3.1 5.1 3.0 3.4 1.8 1.6 1.1 1.4 2.9 1.8 1.3 CEC 3.2 3.3 3.9 6.3 2.C 1.8 1.7 2.1 1.7 4.1 4.3 2.6 2.4 IS 73 JAN 3.1 2.2 2.5 5.0 2.0 6.0 2.8 1.9 5.4 7.5 1.4 5. 1 4.3 FEB 1.4 0.6 0.6 4.3 1. 1 2.6 1.3 0.9 1.0 0.9 3.3 3.5 2.3 MAR 1.6 2.3 C.7 6.3 1.8 1.2 1.6 1.4 2.7 0.7 1.2 2.0 2.7 APR 1.5 0.6 0.8 5.2 2.6 1.5 1.2 0.7 0.9 0.8 2.0 1.3 3.2 MAY CR LATER 3.0 2.9 1.8 6.0 13.0 1.8 2.3 1.6 4.6 1.9 4.4 1.1 3.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 ALL DISTRICTS BOSTON 3.1 3.5 MAY 27.7 JUN CD'S MATURING IN • RICHATLANTA MOND PHILADELPHIA CLEVELAND 2.4 2.0 2.8 4.5 3.5 31.1 29.8 16.7 21.4 25.8 18.2 18.8 18.9 16.1 14.9 JLL 14.6 12.9 14.6 7.4 AUG 7.4 4.5 9.1 SEP 6.3 3.9 CCT 6.1 NCV 1972 APR 27-APR 3C TOTAL * 1/ INCLUDES ONLY C E R T I F I C A T E S NEW YORK ISSUED IN D E N O M I N A T I O N S OF $100,000 OR MORE CHICAGO BY WEEKLY REPORTING BANKS. • • • • • • • • • • TABLE 60 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 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 D I S T R I C T AS OF 26 APR (CUMULATIVE MATURING IN ALL DISTRICTS BOSTON 3.1 3.S MAY 30.8 J ON DEPOSIT 1/ 1972 PERCENTAGE! ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 2.9 4.5 5.4 3.8 6.9 3.4 33.2 28.3 31.1 32.4 31.3 38. 1 30.4 49.2 55.7 49.7 53.9 51.4 49.8 53.9 45.4 54.9 60.6 68.4 68.6 64.3 66.7 62.5 65.8 61.4 48.1 60.4 66.6 73.7 76.0 71.2 69.4 68.4 70.9 68.8 81.5 54.6 64.7 74.8 82.0 83.0 75.5 74.9 74.3 77.2 75.0 84.C 86.7 61.8 74.5 81.6 87.2 89.9 82.6 82.7 80.3 82.7 80.6 86.0 88.1 89.8 66.9 77.5 85.0 89.C 91.5 83.7 84.1 83.2 84.5 81.9 DEC 89.2 91.4 93.7 73.2 79.5 86.8 90.7 93.6 85.4 88.2 87.5 87.1 84.3 JAK 92.3 93.6 96.2 78.2 81.5 92.8 93.5 95.5 90.8 95.7 88.9 92.2 88 .6 FEB 93.7 94.2 96.8 82.5 82.6 95.4 94.8 96.4 91.8 96.6 92.2 95.7 90.9 MAR 95.3 96.5 97.5 88.8 84.4 96.6 96.4 97.8 94.5 97.3 93.4 97.7 93.6 APR 96.8 97.1 98.3 94.0 87.0 98.1 97.6 98.5 95.4 98.1 95.4 99.0 96.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 2.4 2.0 2.8 4.5 3.5 35. C 32.2 18.7 24.2 30.3 49.0 53.8 51.1 34.8 39.1 JUL 63.6 66.7 65.9 42.2 AUG 71.0 71.2 75.C SEP 77.3 75.1 CCT 83.4 NOV APR 21 -APR 3C MAY CR LATER 1/ INCLUDES C N L Y C E R T I F I C A T E S ISSUED NEW YORK IN D E N O M I N A T I O N S OF RICHMOND ATLANTA $ 1 0 0 , 0 0 0 OR M O R E CHICAGO BY MEEKLY R E P O R T I N G B A N K S . TABLE 1/ 6E 2/ 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 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 D I S T R I C T AS OF 26 APR SINCE P R E V I O U S M O N T H 1972 (PERCENTAGE DISTRIBUTION) CCS PATUMNG IN ALL DISTRICTS BOSTON 1972 MAY 40.0 37.5 J UK 15.8 JUL ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 31.7 40.8 30.0 44.8 51.8 42.7 16.1 14.7 22.9 16.1 12.9 16.6 10.0 17.2 21.6 32.6 11.3 30.8 18.1 16.4 24.1 4.3 2.6 2.2 2.6 2.2 2.3 1.6 0.6 3.0 1.7 0.8 5.9 1.8 1.2 3.1 1.6 1.5 1.3 1.1 4.2 4.7 16.8 10.2 11.8 11.8 15.0 5.9 8.2 7.3 3.6 1.7 2.1 2.5 4.3 0.6 1.3 0.5 0.1 1.2 0.6 0.3 0.3 1.0 1.1 1.3 1.4 1.3 0.4 0.6 1.0 0.2 0.6 3.1 0.4 0.3 1973 JAN 0.6 0.9 0.2 2.9 0.8 1.4 0*5 0.7 0.4 7.6 0.7 0. 7 0.5 FEB 0.3 0.4 0.1 0.3 0.2 4.6 0.3 0.2 0.0 0.0 0.4 0.0 0.7 MAR 0.2 0.0 0.1 0.2 0.3 1.0 0.6 0.5 1.8 0.7 0.3 0.3 0.1 APR CR LATER 6.1 4.3 2.2 20.5 19.3 5.8 5.9 2.4 2.3 3.3 7.9 4.3 13.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHI A CLEVELAND 43.5 26.9 26.5 38.6 37.3 18.4 18.2 17.5 9.9 11.8 22.5 20.7 22.8 17.3 15.6 AUG ,2.5 • 4.1 2.1 4.2 SEP 2.3 2.3 3.0 7.0 8.6 NCV 1.6 DEC OCT TOTAL * * 1/ SEE TECHNICAL 2/ SALES ISSUED IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE IN THIS TABLE ARE NOT A D J U S T E D FOR C D ' S D E T A I L S PAY NOT RICHMOND ATLANTA CHICAGO A. INCLUDES CNLY CERTIFICATES NCTE * APPENDIX NEW VORK ADC TC T O T A L S DUE TO R O U N D I N G . THAT H A V E M A T U R E D . BY W E E K L Y R E P O R T I N G B A N K S . 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 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 end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD"s outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way. That is, they are weighted averages calculated from the survey date with the assumption made that all CD's mature in the middle of the month. Any CD's sold between survey dates and maturing in the period between the current survey date and the end of the calendar month in which the current survey was taken (a maximum of 6 days) are ignored. Technical Note B (continued) This procedure assumes all CD's sold between survey dates were issued on the most recent survey date. While it appears more logical to assume that all CD's were sold at the mid-point between the two surveys, such an assumption would tend to reduce comparability between average maturities of outstandings and of sales as a result of using two different starting dates for the calculations. If the assumption is made that all CD's are sold at the mid-point between surveys, the average maturity of sales would be lengthened relative to the average maturity of outstandings, by, in effect, using an earlier starting date for sales than for outstandings. Sales of CD's maturing in a particular month are often a large and highly variable proportion of total sales while changes in outstandings due in any particular month are a small and rather stable proportion of the level of total outstandings. As a result, the average maturity of sales is much more sensitive to month-to-month variation in the maturity structure of sales than is the case with the outstandings series. Thus, large changes in the calculated average maturity of sales, or situations in which the average maturity of sales differ sharply from the average maturity of outstandings. should be interpreted with care and references should be made to actual dollar sales by month. Formulas for calculation of average maturities are available on request from the Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System.
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