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M a y 24, 1971 @'i r; A-V. MAY 23 Research L.A.I CONFIDENTIAL (FR) 11 •-= 1971 Library SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT A T LARGE WEEKLY REPORTING BANKS AS OF A p r i l 28, 1971 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 1/ MATURITY DISTRIBUTION OF OUTSTANDING WEEKLY AS CD'S MATURING I 971 APRIL REPORTING OF AMOUNT ( M I L L I O N S OF DOLLARS) IN 2 8 APR TIME CERTIFICATES OF DEPOSIT AT BANKS 1971 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE S A L F S SINCE P R E V I O U S M O N T H 2/ ( M I L L I O N S OF D O L L A R S ) 1,063.4 3.9 3.9 .0 MAY 6,909.1 25.4 29.3 2,695.2 JUNE 5.605.8 20 .6 49.9 I,455.4 JULY 3,340.4 12.3 62.2 I,211.9 AUGUST 1,726.3 6.3 68.5 160.3 SEPTEMBER 1,820.8 6.7 75.2 159.8 OCTOBER 1.611.9 5.9 81.1 499.0 NOVEMBER 878. 1 3.2 84.3 58.4 DECEMBER 975.0 3.6 87.9 94.0 894.4 3.3 91.2 116.6 FEBRUARY 482.9 1.8 9 3.0 18.4 MARCH 808.0 3.0 96.0 59.3 APRIL 566.1 2.1 98.1 560.9 537.4 2.0 100. G 27,219.5 IOC .0 29 - 30 1972 JANUARY OVER 12 M O N T H S TOTAL (MEMORANDUM: JUNE JUNE TAX 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 3/ S A L E S OF APPENDIX CD* S M A T U R I N G IN D E N O M I N A T I O N S A. AFTER 11 M O N T H S . AND 7,089.4 DIVIDEND MATURITIES) XXX XXX 3 .7 OF XXX XXX 1.1 300.0 996.0 10 15 1/ NEGOTIABLE $100,000 OR M O R E ISSUED BY W E E K L Y 49.5 356.0 REPORTING BANKS. 3/ TABLE 26 1/ 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 TIME C E R T I F I C A T E S N E W Y O R K C I T Y , C H I C A G O , A N D ALL OTHER W E E K L Y R E P O R T I N G AS (IN N E W CD'S MATURING 1971 APR 1972 29 IN MILLIONS PREVIOUS AT 1971 OF D O L L A R S ) CHICAGO M O N T H 2/ ALL PREVIOUS MONTH 2/ _ _ OTHER A " WFFKLY REPORTIJG^HTNKS W M 434.1 .0 27.1 -0 6C2.1 MAY 2,416.4 1,168.6 389.5 138.FI 4,103.0 1,398.? JUNE 1,913.7 762.6 387.5 71.7 3,304.6 621.1 JULY 894.2 276.8 265.4 112.4 2,190.7 822.6 AUGUST 651.5 44.5 86.5 5.9 988.3 109.4 SEPTEMBER 661.7 41.6 83.0 7.7 1,076.0 LL(.4 OCTOBER 568.4 118.5 180.0 25.0 863.5 355.5 NOVEMBER 251.5 5.7 94.0 »0 532.6 ??.7 DECEMBER 347.6 40.7 74.9 11.4 552.5 42.- JANUARY 270.4 41.4 206.8 12.2 417.2 62.9 FEBRUARY 241.7 6.? 14.4 1.2 226.3 11. MARCH 430.4 23.7 46.3 .5 331.? 35.1 APRIL 199.9 137.8 54.9 54.6 311.4 368.7 62.9 XXX 10.5 XXX 464.T XXX 9,334.4 2,668.3 1,920.3 440.6 OVER 12 M O N T H S TOTAL NUMBER OF 30 2 3 APR YORK CITY AMOUNT - APR OF OF D E P O S I T SANKS * REPORTING BANKS /3 Z3 15,963.9^ 12 TAX AND DIVIDEND MATURITIES) 1-L I N C L U D E S ONLY CERTIFICATES 2/ SEF APPENDIX 3/ SALES TECHNICAL ^ FJF <MEMORANDUM : 1/ /3 IN D E N O M I N A T I O N OF $ 1 0 0 , 0 0 0 OR MORE ISSUE!) BY W E E K L Y R E P O R T 1NG ^ ^ HANKS. A. OF C D ' S M A T U R I N G A F T E R 11 M O N T H S . Digitized for*FRASER T O T A L S MAY N O T A D D D U E TO R O U N D I N G . ' TABLE 2B 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 Y O R K C I T Y , CHICAGO, AS OF 28 AND ALL APR 1971 (PERCENTAGE LU"> nA 1 UK 1Mb IN OTHER W E E K L Y A N D 31 31 BANKS 1971 ALL CHICAGO MAR AT DISTRIBUTION! CITY 28 APR MAR REPORTING DEPOSIT 28 APR OTHER 2 8 APR 31 M A R 31 M A R 4.7 .0 1.4 .0 3.8 .C 25.9 29.3 20.3 21.9 25.7 32.4 02 MONTHS 20.5 14.1 20.2 13.5 20.7 16.1 MONTHS 9.5 13.0 13.8 17.0 13.7 15.9 04 MONTHS 7.0 6.9 4.5 8.2 6.2 8. 1 05 M O N T H S 7.1 6.9 4.3 4.3 6.7 5.2 06 MONTHS 6.1 7.0 9.4 4.0 5.4 5.7 07 MONTHS 2.7 5.1 4.9 8.3 3.3 3.0 08 MONTHS 3.7 2.8 3.9 5.0 3.5 2.9 09 MONTHS 2.9 3.5 10.8 3.4 2.6 3.0 10 M O N T H S 2.6 2.6 .7 10.5 1.4 2.1 11 M O N T H S 4.6 2.7 2*4 .7 2.1 1.3 12 M O N T H S 2.1 4.6 2.9 2.5 2.0 1.8 .7 1.4 .5 .6 2.9 2.4 100.0 100.0 100.0 100.0 100.0 100.0 0 - 6 DAYS 03 OVER 2/ MONTHS 01 3/ 12 M O N T H S TOTAL 1/ NEW YORK TIME C E R T I F I C A T E S OF * INCLUDES ONLY CERTIFICATES BANKS. 2 / N U M B E R OF FOLLOWING 3/ N U M B E R * TOTALS 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 ISSUED DAYS R E M A I N I N G IN S U R V E Y M O N T H . T H I S P E R I O D V A R I E S W I T H THE L A S T W E D N E S D A Y OF THE M O N T H . OF M O N T H S F O L L O W I N G MAY NOT ADD D U E THE SURVEY MONTH. TO R O U N D I N G . BY WEEKLY THE N U M B E R OF REPORTING DAYS TABLE MATURITY DISTRIBUTION NEW OF O U T S T A N D I N G YORK CITY, CHICAGO, AS 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 AND 28 A P R ALL 1971 (CUMULATIVE NEW CD'S MATURING YORK 01 A N D 31 2/ MONTHS 4.7 3/ MAR REPORTING AT BANKS 1971 DISTRIBUTION! CITY 31 WEEKLY 1/ DEPOSIT CHICAGO MAR 28 .0 APR ALL OTHER 2 8 APR 31 MAR 31 MAR 1.4 .C 3.8 .C 30.6 29.3 21.7 21.9 29.5 32.4 02 MONTHS 51.1 43.4 41.9 35.4 50.2 43.5 03 M O N T H S 6C. 6 5 6 . 4 55.7 52.4 63.9 64.4 04 MONTHS 67.6 63.3 60.2 60 . 6 70. 1 72.5 05 M O N T H S 74.7 70.? 64.5 64.9 76.8 77.7 06 MONTHS 80.8 77.2 73.9 68.9 82.2 83.4 07 MONTHS 83.5 82.3 78.8 77.2 85.5 86.4 08 MONTHS 87.2 85. 1 82.7 82.2 89.C 89.3 09 MONTHS 90.1 88.6 93.5 85.6 91.6 92.3 10 M O N T H S 92.7 91.2 94.2 96.1 93.0 94.4 11 M O N T H S 97.3 93.9 96.6 96.8 95. 1 95. 7 12 M O N T H S 99.4 98.5 99.5 99.3 97.1 97.5 100.0 100.0 100.0 100.0 100.0 ICC .R OF OR M O R E OVER 1/ DAYS OTHFR IN 28 APR 0-6 2C 12 M O N T H S INCLUDES ONLY BANKS. CERTIFICATES IN D E N O M I N A T I O N S 2/ N U M B E R OF FOLLOWING 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 . T H I S THE L A S T W E D N E S D A Y O F T H E M O N T H . 3/ NUMBFR MONTHS FOLLOWING OF THE SURVEY MONTH. $100,000 PERIOD VARIES I S S U E D BY WITH WFFKLY REPORTING THE N U M B E R OF DAYS TABLE 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 AT W E E K L Y R E P O R T I N G BANKS BY SIZE OF B A N K S 2/ AS OF 2 8 APR 1971 ( A M O U N T S IN M I L L I O N S OF D O L L A R S ) 3A DEPOSIT 1/ X $1 BILL ION CD'S MATURING IN TOTAL $200 MILLION AND UNDER $200 M I L L I O N TO $500 M I L L I O N 4N0i O V E R P R I ME $500 MILLION TO $1 B I L L I O N O U T S I OF NEW YORK CITY TOTAL MFW YORK CITY 1971 3/ NON-PR IMF 1,063.3 66. 5 130.3 149.3 717.2 421.5 182.3 113.4 MAY 6,909.1 500. 1 990.5 1,104.2 4,314.3 2,338.* 1,102.4 873.4 JUNE 5,605.8 386. 5 BBD .9 930.8 3,407.6 1,837.? 1,017.1 553.2 JULY 3,340.3 227.4 562.2 548.4 2,002.3 851.6 746.4 404.3 AUGUST 1,726.3 132.3 248.5 244.2 1, 101.3 602.R 282.6 216.7 SEPTEMBER 1,820.7 118.9 228.4 293.0 I,180.4 628.9 329. 1 222.4 OCTOBER 1,611.9 100.8 239.7 212.7 1,058.7 528.5 341 . 8 188.4 NOVEMBER 878.1 48.5 107.7 170.1 551 . 8 242.5 190.9 118.4 DECEMBER 975.0 36.3 92.6 130.5 715.6 317.7 20 1. 3 196.6 894.4 40.5 72.5 130.7 650.7 263.1 257.3 130.3 FEBRUARY 482.9 30.7 31.4 82.8 339 .0 205. 5 54.5 78.0 MARCH 807.9 30*4 44.6 87.5 645.4 40 5.0 157.1 83.3 APRIL 566.1 25.2 58.3 52.4 430.2 144.8 164. 8 12G.6 MAY OR 537.3 26.3 51.8 131.6 327.6 61.3 196.5 69.8 27,219.1 1,770.4 3,739.4 4,268.2 17,441.1 8,048.2 5,224.1 3,368.8 APR 29-30 1972 J A N U A R Y LATER TOTAL * A kin , # u r* y n O A Kl f*\ i IJUl • TAX n i t /1 NCMN MATIID r T IPQ JUNE 10 300.0 17.9 51.5 31.7 198.9 125.2 49.2 24.5 JUNE 15 996. 0 29.4 63.9 107.9 794.8 525.4 184.1 85.3 50 37 7 12 18 1 ncnunMiHi.MJn • 255 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 http://fraser.stlouisfed.org/ * T O T A L S M A Y N O T A D D CUE TO R O U N D I N G . Federal Reserve Bank of St. Louis 84 $100,000 OR MORE 84 I S S U E D BY W E E K L Y REPORTING BANKS. AND WHICH ARB SALES T A B L E 3B Z1Z 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 UF D 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 8Y S I Z E OF B A N K S 3/ AS OF 28 APR 1971 ( A M O U N T S IN M I L L I O N S OF D O L L A R S ) MONTH SI CD'S 1971 1972 MATURING APR IN TOTAL $200 MILLION AND UNDER 2/ BILLION PRIME $500 MILLION TO $1 B I L L I O N MILLION TO $500 MILLION $200 A M D OVER 4/ OUTSIDE NEW YORK CITY N O N - P R IME NEW Y O R K CITY TOTAL 29-30 MAY 2,695.2 164.3 306.6 384.7 1,839.6 1,147.2 295.7 396.7 JUNE 1,455.5 85.3 152.7 166.6 1,048.9 754.9 191.C 103.0 JULY 1,211.9 105.5 236.3 234.6 635.5 258.1 225.6 151.8 AUGUST 160.5 21.3 26.9 27.2 85. 1 43. 6 25.6 15.9 SEPTEMBER 159. 8 11.8 25.0 36.9 86.1 36.1 28.9 21.1 OCTOBER 499.1 46.9 119.5 87.9 244.8 85.2 82.5 77. 1 NOVEMBER 58.4 8. 5 13.9 22.6 13.4 4.9 3.4 5.1 DECEMBER 94.0 3. 9 8.9 6. 1 75.1 40.6 24.9 9.6 116.8 3.6 1C.5 25.4 77. 3 35.5 28.0 13.8 FEBRUARY 18.5 1.4 1.3 3.9 11.9 5.2 5.2 1.5 MARCH 59.3 2.6 4.5 12.0 40.2 21.? 15.8 3.2 561.0 24. 7 57.6 70.5 408.2 85.4 201.1 121.7 7,090.0 479.8 963.7 1,0 8 C .4 4,566.1 2,517.9 1,127.7 92 0 . 5 33. 3 3.7 2.1 JANUARY APRIL OR L A T E R TOTAL * TAX JUNE 1C 49.6 JUNE 15 356.0 2.38.6 84 DIVIDEND MATURITIES! 9.7 3.1 39.1 14.0 13.0 320.4 282.1 26.7 1 1.6 37 7 12 18 KILLMTLLD nc iNUritJCK Ur (MEMORANDUM: 255 AND 84 R A M V Q t1 nAiNNo 50 — — 1/ SEE T E C H N I C A L A P P E 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 CR M O R E I S S U E D RY 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 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 . 4 / 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 THF H I G H E S T R E P O R T E D BY D E A L E R S T O 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 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 M A Y N O T A D D D U E TO R O U N D I N G . QUALITY AND WHICH ARE 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 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 OF B A N K S 2/ AS OF 28 APR 1971 PERCENTAGE DISTRIBUTION DEPOSIT 1/ SI B I L L I O N CD'S MATURING IN TOTAL $200 MILLION A N D UNDER $200 MILLION TO $500 M I L L I O N $500 MILLION TO $1 B I L L I O N PR I MF 3/ TOTAL NFW Y O R K CITY 1971 1972 APR 29—30 A N D OVER OUTSIDE NCW YORK CITY NON-PRTME 3. 9 3.8 3. 5 3.5 4. 1 4. 8 3.5 3.4 MAY 25.4 28.2 26.5 25.9 24.7 26.4 21.1 25.9 JUNE 20.6 21.8 23.6 21.8 19. 5 20 . 8 19. 5 16.4 JULY 12. 3 12.8 15.0 12.8 11.5 14.3 12.0 9. 6 AUGUST 6. 3 7. 5 6.6 5.7 6.3 6. 8 5.4 6.4 SEPTEMBER 6.7 6. 7 6.1 6.9 6.8 7. 1 6.3 6.6 OCTOBER 5.9 5. 7 6.4 5.0 6.1 6. C 6. 5 5.6 NOVEMBER 3.2 2.7 2.9 4.0 3.2 2.7 3. 7 3.5 DECEMBER 3.6 2.1 2.5 3.1 4. 1 3.6 3. 9 5. 8 JANUARY 3.3 2.3 1.9 3.1 3.7 3.C 4.9 3.9 FEBRUARY 1.8 1.7 0.8 1.9 1.9 2. 1 1.0 2.3 MARCH 3.0 1.7 1.? 2.1 3.7 4.6 3. 0 2.5 APRIL 2. 1 1.4 1.6 1.2 2.5 1.6 3.2 3.6 MAY OR L A T E R 2.0 1.5 1.4 3.1 1 .9 0.7 3.8 2.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL * (MEMORANDUM: TAX AND DIVIDEND MATURITIES) JUNE 10 1.1 1.0 1.4 0.7 1.1 1.4 0.9 0.7 JUNE 15 3. 7 1.7 1.7 2.5 4.6 5.9 3.5 2.5 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 * 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 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 . 3/ P R I M E B A N K S A R E 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 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 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 M A Y N O T A D D D U E TO R O U N D I N G . 'DUAL ITY A N D WHICH ARE TABLE 3D 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 B A N K S BY S I Z E OF B A N K S ?/ AS O F 2 8 APR 1971 CUMULATIVE PERCENTAGE DEPOSIT 1/ SI B I L L I O N $200 CD*5 MATURING IN TOTAL (200 M I L L I O N JJILLION $500 T L B MILLION ™ L I 0 N PRIME 1972 APR 29-30 3/ TOTAL OU7S7D7 NEW YORK CITY 1971 AND OVER NON-PRIME NEW YORK CITY 3.9 3.8 3.5 3.5 4.1 4.8 3.5 3.4 MAY 29.3 32.0 30.0 29.4 ?8.8 31. 2 24.6 29.3 JUNE 49.9 53. 8 53.6 51.2 48.3 52.0 44. 1 45.7 JULY 62.2 66.6 68.6 64.0 59.8 61.6 58.4 57.7 AUGUST 68.5 74.1 75.2 69.7 66.1 63.4 63.8 64.1 SEPTEMBER 75.2 80.8 81.3 76.6 72.9 75.5 70.1 70.7 OCTOBER 81.1 86.5 87.7 81.6 79.0 81.5 76.6 76.3 NOVEMBER 84.3 89.2 90.6 85.6 82.2 84.2 80.3 79.8 DECEMBER 87.9 91.3 93.1 88.7 86.3 87.8 84.2 85.6 JANUARY 91.2 93.6 95.0 91.8 90.0 90.8 89.1 89.5 FEBRUARY 93.0 95. 3 95.8 93.7 91.9 93 *i 90.1 91.8 MARCH 96.0 97.0 97.0 95.8 95.6 97.7 93.1 94.3 APRIL 98.1 98.4 9FT.6 97.0 98.1 99.3 96.3 97.9 100.0 100.G 100.0 100.0 100.0 100.0 100. 0 100.0 M AY OR L A T E R 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 $ 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 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 . 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 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 OTHER W I T H I N THE S E C O N D A R Y M A R K E T . QUALITY AND WHICH ARE TABLE s ,L E S 3E n, OF " = = " ; ; « ; ^ K L T ; " | E ^ ; ; | ^ / f l ^ s 0 L D ! ; z ° E , i F s » M S ™ z v ' o u s " ° N , H " AS OF 2 8 APR 1971 PERCENTAGE DISTRIBUTION $1 B I L L I O N CD'S MATURING 1971 APR IN TOTAL $500 MILLION $500 MILLION TO $1 B I L L I O N $200 M I L L I O N $200 MILLION A N O UNDER TO A N D OVER P R I M E 4/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 29-30 NON-PRIME 34.2 31.9 35.6 40. 3 26.2 43. 1 38.0 45.6 MAY 17.8 15.8 15.6 23.0 16.9 11.2 20.5 30.0 JUNE 22.0 24.5 21.7 13.9 20.0 16.5 17.1 10. 3 JULY 4.4 2.8 2.5 1.9 2.3 1.7 2.3 1.7 AUGUST 2.5 2.6 3.4 1.9 2.6 2.3 2.3 1.4 SEPTEMBER 9. 8 12.4 8.1 5.4 7.3 8.4 7.0 3.4 OCTOBER 1.8 1.4 2.1 0.3 0.3 C.6 0.8 0.2 NOVEMBER 0.8 0.9 0.6 1.6 2.2 1.0 1.3 1.6 DECEMBER 0.8 1.1 2.4 1.7 2.5 1.5 1.6 1.4 JANUARY G.3 0.3 0.1 0.4 0.3 0.2 0.5 0.2 FEBRUARY 0.5 1.1 0.8 0.3 0.5 1.4 0.8 0.9 MARCH APRIL OR L A T E R 5. 1 6.0 6.5 8.9 3.4 17.8 13.2 7.9 100.0 100.c TOTAL * 100.0 (MEMORANDUM: JUNE 10 0.7 JUNE 15 5.0 100.0 TAX 1.0 0.3 1.8 1.5 1.2 i Digitized for* FRASER T O T A L S M A Y N O T A D O DUE TO R O U N D I N G . 84 NUMBER 84 100.0 100.0 1.3 0.3 0.2 11.2 2.4 1.3 100.9". DIVIDEND MATURITIFS) 0.5- (MEMORANDUM: 255 AND 100.0 0.9 7,0 OF B A N K S ) 50 37 12 18 --- TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES AT WEEKLY REPORTING AT V A R I O U S SURVEY OF DEPOSIT 1/ BANKS DATES (IN M O N T H S ) DATE OF SURVEY BANK CLASSIFICATION 28 APR 1971 31 (BY ALL REPORTING ISSUING MAR 1971 2 4 FEB 1971 LOCATION) BANKS CD'S 3.4 3.4 3.1 3.4 3.7 3.0 CHICAGO 3.9 4.1 3.9 OTHER 3.3 3.1 3.1 NEW YORK CITY (BY UNDER 2.9 2.9 $200-1500 MILLION 2.9 2.9 3.0 $500-$1,000 3.3 3.2 3.1 3.6 3.6 3.2 3.3 3.7 2.9 3.8 3.6 3.4 3.7 3.4 3.2 $1 MILLION B A N K 1 2/ 3.0 OVER $200 SIZE OF MILLION BILLION PRIME IN NEW PRIME OUTSIDE YORK C I T Y 3/ NEW YORK CITY 3/ NON-PRIME IT INCLUDES CERTIFICATES IN D E N O M I N A T I O N S OF 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 DF THE H I G H E S T X J 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 W I T H I N 1 0 % 2 B A S I S P O I N T S OF F 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 . 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 REPORT MORE (IF C O N D I T I O N ISSUED BY WEEKLY ON D E C E M B E R 31, REPORTING HANKS. 1965. T A B L E 48 AVERAGE MATURITY OF NEGOTIABLE TIME C E R T I F I C A T E S OF SOLD BY W E E K L Y DURING DEPOSIT 1/ REPORTING BANKS THE M O N T H OF VARIOUS SURVEYS (IN M O N T H S ) {)ATE BANK C L A S S I F I C A T I O N — ~ 0 F SUR VEY VLTLTLVRL ALL R E P O R T I N G B A N K S ISSUING CD'S NEW YORK CITY CHICAGO 2.9 3-8 2.3 / 5*0 3.4 5.0 4*2 ' 3 *8 CHE, (BY S I Z E O F UNDER OVER MILLION $1 B I L L I O N PRIME IN NEW PRIME OUTSIDE YORK C I T Y 3 / NEW YORK C I T Y 3/ 2/ ,„CVU0B5 TOTAL c W ,.M»ri"s .. 0 E N 0 „ , ™ n = , , s o F D E P O S I T S AS R E P O R T E D 2 .8 3 0 2.5 2'5 •> O 2.9 pa 4.4 IN THE C A L L 2 , 1 5 ,io„,-oo ,» »=« 3 > C 3.5 '° 4 , 3 4.2 33 NON-PRIMF 1/ 2.7 3 , U $200-$500 MILLION $5C0-$1tOOO jo <Z,B $200 M I L L I O N B A N K ) 2/ 3.0 2•S ISSUED „ R E P O R T OF C O N D I T I O N OK D E C E M B E R A T H 3/ : V I C L A R FREPORT E D°BY S K L V S * " O ' A L O L ^ K ^ X V E A S ! ^ http://fraser.stlouisfed.org/ m nBank T E —of S ESt. E Louis T E C H N I C A L A P P E N D I X B. Federal Reserve 31. 1965. MARKET. TABLE R A T I O OF OUTSTANDING NEGOTIABLE TO AT TIME C E R T I F I C A T E S TOTAL VARIOUS (PER 5A ALL BANKS CO* S 28 APR ISSUING SURVEY DATES CENT) 31 1971 OF MAR SURVEY 2 4 FEB 1971 1971 10.8 10.8 11.4 9.5 10.0 10.6 200 - 500 10.2 10.4 10.8 500 - 1000 9.6 9.9 10.6 11.5 11.2 11.8 13.2 14. T 3.5 8.8 9.1 11.2 11.8 13.1 1000 YORK PRIME OUTSIDE NEW £ IN N E W 3/ YORK 3/ NONPRIME INCLUDES C E R T I F I C A T E S DEPOSITS AS IN D E N O M I N A T I O N S REPORTED IN THE CO 200 PRIME 2/ TOTAL 1/ UNDER OVER 1/ DEPOSIT DEPOSITS DATE T O T A L D E P O S I T S 2/ (IN M I L L I O N S OF D O L L A R S ) OF CALL OF $100,000 REPORT OF OR MORE CONDITION ISSUED BY W E E K L Y R E P O R T I N G CN D E C E M B E R 31, BANKS. 1965. 3/ P R I M E B A N K S A R E 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 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 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 F 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 OTHER W I T H I N THE S E C O N D A R Y M A R K E T . NOTE- 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 TABLE ARE TOTAL D E M A N D AND TIME DEPOSITS, INCLUDING TABLE 5 8 R A T I O OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S TO T O T A L AS OF TOTAL DEPOSITS (IN M I L L I O N S OF ALL B A N K S CD'S DOLLARS) ISSUING OF 1971 BANKS I 20 15 TO 10 5 TO 10% 5% OR LESS 2/ 1/ DEPOSITS 28 APR (NUMBER OF D E P O S I T TO 20% 15% AVERAGE 25% OR MORF TO 25% 61 63 55 37 11 10. t UNDER 200 20 35 18 5 3 4 9.5 200 - 500 25 22 15 14 3 5 10. 2 500 - 1000 11 13 15 9 2 0 9.6 5 13 7 9 3 0 11.5 0 I 3 3 0 0 14. 8 2 6 1 3 0 n 8.5 3 6 3 3 3 0 11.2 OVER 1000 PRIME IN NEW YORK P R I M E OUTSIDE NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES CERTIFICATES 2/ T O T A L NOTE- D E P O S I T S AS DEPOSITS INTERBANK IN T H E IN D E N O M I N A T I O N S OF REPORTED IN DENOMINATOR THE CALL OF THE *100.000 REPORT RATIO AND U.S. GOVERNMENT DEPOSITS. IN OF OR MORE ISSUED C O N D I T I O N ON THIS TABLE BY W E E K L Y DECEMBER ARE T O T A L 31, CO TO n r P Q S I T R A T I O (PER C E N T ) REPORTING OANKS. 1965. D E M A N D AND TIME CE»0SITS, INCLUDING TABLE PER C E N T C H A N G E 5C IN O U T S T A N D I N G N E G O T I A B L E 31 MAR 1971 TIME TO 2 8 APR (NUMBER O F C E R T I F I C A T E OF D E P O S I T 1971 BANKS) I N C R E A S E S OF D E C L I N E S OF TOTAL DEPOSITS (IN M I L L I O N S ALL OF REDUCED C D ' S TO ZERO 2/ DOLLARS) B A N K S ISSUING CD' S UNDER 200 200 - 5 0 0 500 - 1000 OVER 1000 PRIME IN N E W YORK PRIME OUTSIDE NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES CERTIFICATES 2/ TOTAL 3/ 5JS OR LESS 51 OR LFSS NO CHANGE 33 16 15 0 7 7 6 1 0 16 18 17 6 11 8 8 C 0 15 10 8 2 7 3 5 c 0 0 11 6 5 0 7 6 2 0 0 0 1 0 3 2 1 0 0 3 3 1 0 3 1 1 0 0 0 8 3 3 c 1 3 0 0 IN THE C A L L S m L S S . T c S . s ' o N ^ E 21 24 32 I S S U E D C O ' S BUT HAD NONE O U T S T A N D ING ON BASE DATE 45 $100,000 REPORT OF CR MORE CONDITION ISSUED 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 31, 1965. "?ilN I S A 5S S 2 0 5ASiS 0 ^N?5 e o? C ?;SS e Sr2lR B S I i?Si^ F rJE E s2iSS;"Jv 0 "it«?. ST O T H E R « 10? OR MORE 50 P R I M E B A N K S ARE T H O S E WHO LSEERSETUTIRADE W H I C H A R E R E P O R T E D BY DEAL NOTE- 5 TO 10% 75 IN D E N O M I N A T I O N S OF D E P O S I T S AS R E P O R T E D 5 TO 10% 10% OR MORE /I :KVs«F,Vv"Ei5c"o™".,NOU!!0Sr,Nni™OS TABLES TO THE Tfl ZE«0 ON EXTENT ,H,S THAT B A N K S SURVEY. THAT TABLE PER C E N T C H A N G E IN O U T S T A N D I N G 27 JAN NEGOTIABLE 1971 TO (NUMBER TOTAL (IN ALL REDUCED C D ' S 25% TO OR ZERO MORE DEPOSITS /2 MILLIONS OF DOLLARS I BANKS ISSUING CD1 S DECLINES 20 25% TIME 28 APR OF C E R T I F I C A T E OF TO 15% DEPOSIT /I 1971 BANKS I INCREASE OF 10 15 TO 20* TO 50 5 TO 10% 5% NO CR LESS CHANGE 29 22 21 29 32 27 15 10 5 TO 5% OR LESS 10% OF PC 25% OR MORE TO TO TO 15% ?or 25? 14 16 15 11 ISSUED CD* S B U T H A D NONE OUTSTANDING ON BASE D A T E 23 UNDER 200 0 13 6 8 9 9 12 C 4 3 5 4 3 8 1 200 - 500 0 10 7 3 9 8 8 3 7 7 4 1 5 11 1 500 - 1000 0 3 4 6 6 11 4 1 1 3 3 3 I 2 2 0 3 5 4 5 4 3 0 2 3 3 3 0 2 0 0 0 1 0 0 0 1 0 0 1 1 1 G 2 0 C 0 3 2 0 1 2 0 1 1 1 1 0 0 C 0 3 I 2 5 3 0 0 1 1 1 1 C R 0 ISSUED BY W E E K L Y OVER 10C0 PRIME IN N E W YORK PRIME O U T S I D E NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL 3/ P R I M E WHICH NOTE- DEPOSITS AS IN D E N O M I N A TIONS REPORTED IN THE C A L L OF $100 ,000 REPORT OF OR MORE CONDITION ON D E C E M B E R 31, REPORTING 1965 BANK S • • B A N K S A R E T H O S E WHOSE NEGOT I ABLE 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 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 OP 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 ; N THE S E C O N D A R Y M A R K E T THE N U M B E R OF B A N K S IN THIS H A D 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 F R O M T H O S E IN M O S T O T H E R T A B L E S TO THE F YTFNT THAT S U R V E Y THREE M O N T H S PR I CP T0 THE C U R R E N T S U R V E Y , R E D U C ED THF IH BANKS THAT AND TABLE 5 E CHANGE IN O U T S T A N D I N G N E G O T I A B L E OVER THE MONTH AS A PES CENT AT THE B E G I N N I N G 31 MAR TOTAL D E P O S I T S 2/ OF OF TOTAL CF THE 1971 TO 28 APR (NUMBER 3% AND OVER 2 TO 3% 1 TO 2X 1/ DEPOSITS PERIOD 1971 RANKS) D E C L I N E S OF C IN MILLIONS OF D O L L A R S ) ALL BANKS CD'S TIME C E R T I F I C A T E S OF D E P O S I T I N C R E A S E S OF 1% AND LESS NO CHANGE If AND LESS 1 TO 2% 2 TO 31 3% AND OVER ISSUING 6 10 43 110 8 59 14 2 3 200 3 2 17 42 0 14 4 0 2 200 - 500 1 3 11 36 6 20 5 2 C 500 - 1000 1 3 9 19 2 13 3 0 0 OVER 1000 1 2 6 13 0 12 2 0 1 4 1 5 C 3 1 UNDER PRIME IN NEW YORK 3/ PRIME O U T S I D E NEW YORK 0 3 NONPRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL / 0 0 1 0 1 1 IN THE CALL 2 4 4 IN D E N O M I N A T I O N S OF D E P O S I T S AS R E P O R T E D 1 0 0 8 $100,OCO OR MORE 0 ISSUED 0 O 31, O 0 BY WEEKLY R E P O R T I N G REPORT OF C O N D I T I O N ON DECEMBER 1 0 BANKS. 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BFING OF THE HI",HE ST Q U A L I T Y AND W H I C H ARE R E P O R T E D BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET . NOTE- 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 . G O V E R N M E N T D E P O S I T S . IN THIS TABLE APE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING T A B L E 5F CHANGE OVER IN O U T S T A N D I N G N E G O T I A B L E THE LAST THREE AT MONTHS THE 27 AS A PER BEGINNING JAN 1971 (IN DEPOSITS M I L L I O N S OF DECLINES 2/ 5% DOLLARST AND OVER ALL BANKS CD'S ISSUING CF T H E OF DEPOSIT 1/ TOTAL DEPOSITS PERIOD 1971 BANKS > INCREASES OF 2 TO 3% 3 TO 4% 4 TO 51 C E N T OF T O 2 8 APR (NUMBER TOTAL TIME C E R T I F I C A T E S OF 1 TO 2% 1% NO CHANGE 1% AND LESS 2% 5* AND OVER 4 TO 5% 3 TO 4% 2 TO 3* 1 TO AND UNDER OF 3 8 9 29 41 70 4 37 24 11 8 5 3 UNDER 200 0 3 3 9 14 28 0 10 6 3 5 2 1 200 - 500 3 1 0 7 15 19 3 15 10 4 3 2 1 500 - 1000 0 3 0 8 11 12 1 7 4 2 0 0 0 0 1 6 5 1 11 0 5 4 2 0 1 1 0 0 0 1 0 1 0 0 2 1 0 1 1 0 0 I 2 I 4 0 2 1 1 0 0 0 0 I 5 2 0 6 0 3 1 0 a 0 0 OVER 1000 PRIME IN N E W YORK PRIME OUTSIDE NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES CERTIFICATES AS IN D E N O M I N A T I O N S REPORTED IN THE CALL OF $1UC REPORT ,000 OF OR MORE CONDITION ISSUED ON BY W E E K L Y DECEMBER 31, REPORTING BANKS . 19 6 5 . 2/ T O T A L DEPOSITS 3/ P R I M E WHICH 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 3 F I N G OF THF H I G H E S T Q U A L I T Y A N D A R E 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 . NOTE- D E P O S I T S IN T H E 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 THIS TABLE ARE TOTAL D E M A N D AND TIME DEPOSITS, INCLUDING 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 C E R T I F I C A T E S 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 (AMOUNTS OF 28 APR IN M I L L I O N S OF DEPOSIT 1/ 1971 OF DOLLARS! ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 96.0 4.9 6.2 28.0 67. C 157.3 261.8 714.5 140.0 84.9 162.6 581.4 1018.7 172.1 225.4 649.2 121.3 53.5 153.3 272. 5 875.9 231.9 120.2 142.2 473.7 64. 4 27.2 94.7 267. 5 520.4. 48.9 73.6 48.2 71.7 174.8 37. 3 22.7 45.7 125. 7 244.8 767.7 52.1 76.9 83.9 69.9 174.7 18.7 12.9 54.5 115. 1 325.4 124.9 651.1 23.8 1C1.3 70.7 40. 1 250.4 20.9 12.2 42.6 99. 3 174.4 878.1 85.0 301.5 30.5 34.9 12.0 34.9 135.5 19.5 6.5 20.1 69. 4 128.3 DEC 975.0 63.6 410.6 65.7 35.8 10.2 21.4 114.4 30.8 22.2 13.3 64. 0 123.0 1972 J A N 894.3 20.5 297.1 58.4 34.9 14.0 24.2 254.5 18.9 11.2 12.1 77. 0 71.5 FEB 482.9 8.0 251.4 14.5 18.9 9.9 16.8 31.2 5.1 12.7 8.3 41.5 64.6 MAR 807.9 12.0 449. 3 23.6 52.6 6.2 19.4 66.1 18.5 6.8 9.2 51.3 92.9 APR 566.2 7. 1 220.6 17.6 77.2 9.6 16.3 67.9 2.0 4.4 12.2 32.2 99.1 M A Y OR L A T E R 537.3 49. 8 96.0 15.1 126.4 24.9 26.8 53.0 6.6 4.0 6.4 12.2 116.1 27219.4 1466.9 11076.0 850.3 1442.6 780.9 998. 5 3255.9 508.9 287.4 663. 5 1876.1 4012.4 AVERAGE MATURITY IN M O N T H S 2/ 3.3 3. 1 3.3 3.6 4.3 3.1 3. 1 3.6 3.2 3.5 2.9 3.2 3.2 NUMBER OF REPORTING BANKS 255 18 44 10 18 16 24 35 11 5 19 23 32 CD'S ALL 01 STRICTS BOSTON 1063.4 63.8 MAY 6909.1 JUN MATURING 1971 IN PHILADELPHIA CLEVELAND RICHMOND ATLANTA 490.7 30.2 65.8 25.9 27.6 359.1 2904.6 240.0 268.4 173.1 5606.0 332.6 2353.5 152.2 244.0 JUL 3340.5 194.5 1126.1 77.7 AUG 1726.4 77.2 755.8 SEP 1820.6 68. 8 OCT 1611.7 NOV APR TOTAL 29-APR 30 * 1/ INCLUDES ONLY CERTIFICATES 2/ SEE APPENDIX • 6A TECHNICAL DETAILS MAY NOT A D D TO ISSUED NEW YORK IN D E N O M I N A T I O N S B. TOTALS DUE TO R O U N D I N G . OF $ 1 0 0 , 0 0 0 OR MORE CHICAGO RY W F F K L Y REPORTING BANKS. TABLE 1/ S A L E S OF NEGOTIABLE 2/ T I M E 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 FLY 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 8 (AMOUNTS APR SINCE PREVIOUS MONTH 1971 IN M I L L I O N S OF DOLLARS! MINNEAPFLL I S KANSAS CITY DALLAS SAN FRANCISCO 53.5 16.5 54. 2 279. 3 243 .8 115.8 13.5 16.4 26.3 42. 8 162.3 59.2 22C.9 25.5 A .4 34.2 106. 5 143.9 1.7 7. 7 22.9 4.0 4.0 2.3 18. 1 17.4 4.6 6.8 6.1 13.1 1.0 0.9 4.9 3.5 27.2 6.3 52.9 29.3 23.2 59.7 9.4 7.5 20.0 44. 9 71.9 20.4 5.4 4.6 2.3 3.4 3.8 1.0 1.0 1.3 2.8 4.9 10.3 43.4 8.3 2.0 2.0 3.4 14.1 0.3 2.0 0.8 1.9 5.6 116.6 6.5 52.2 2.1 13.9 2.2 1.4 20.7 2.6 2.9 1.6 2. 4 9.1 . FEB 18.6 0.0 7.2 O.C 1.5 0.2 1.4 3.7 0.0 0. 0 0.7 1.1 2.8 MAR 59.4 0. 3 25.6 10.6 0.1 3.2 2.6 0.4 3. 1 0. 8 3.8 8.9 560.9 8.5 170.0 17.3 113.8 11.4 15.1 68.2 4.3 5. 1 12.4 25.7 109.1 7089.8 357.5 3272.3 197.1 398.7 176.2 243.7 762.8 115.5 67 .? 159.5 53?. 8 805.9 2.8 2.5 2.3 2.% 5.5 3.0 2.9 3.2 2.3 3. 7 3.0 2. 3 3.5 CD'S ALL DISTRICTS BOSTON MAY 2694.9 127.5 JUN 1455.3 JUL MATURING 1971 1972 TOTAL IN CLEVELAND RICHMOND ATLANTA 1392.7 83.2 71.0 63.7 92.2 217.3 65.8 863.7 39.9 55.7 25.7 27.4 1212.C 82.9 411.2 26.8 61.7 30.8 AUG 160.4 9.2 59. 7 7.0 6.4 SEP 160.0 9.2 81.9 0.8 OCT 499.1 29.7 144.3 NOV 58.5 7.6 DEC 94.1 JAN OR LATER * AVERAGE MATURITY IN M O N T H S 3/ 1/ S E E CHICAGO PHILADELPHIA APR TECHNICAL 2/ INCLUDES 3/ SEE * 68 ONLY TECHNICAL DETAILS MAY NOT APPENDIX o.c ST. LOUIS A. CERTIFICATES APPENDIX NEW YORK ISSUED IN D E N O M I N A T I O N S CLF $.100,000 OR B. A D D TO T O T A L S DUE TO R O U N D I N G . MORE BY WEEKLY REPORTING RANKS. TABLE MATURITY DISTRIBUTION OF 6C OUTSTANDING NEGOTIABLE TIME 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 28 (PERCENTAGE APR C E R T I F I C A T E S OF DEPOSIT 1/ 1971 DISTRIBUTION) ST. LOUIS MINNEAPOLIS KANSAS C I TY DALLAS SAN FRANCISCO 2.9 L.C 2.2 4.2 3.6 3.9 26.2 21.9 27.5 29.5 24.5 31.0 25.4 22.0 22.6 19.9 23.FI 19.6 23.2 I 4. 5 21.8 16.1 15.4 14.2 14.5 12.7 9.5 14.3 14.3 13.0 5.8 5.1 6.2 7.2 5.4 7.3 7 .9 6.9 6. 7 6.1 6.9 6.1 5.3 10.7 7.0 5.4 3.7 4.5 8.2 6. 1 8.1 8.5 5.9 2.8 7.0 9.1 4.0 7.7 4.1 4.2 6.4 5.3 4.3 3.2 5. 8 2.7 3.6 2.4 1.5 3.5 4.2 3.8 2.3 3.0 3.7 3.2 DEC 3.6 4.3 3.7 7.7 2.5 1.1 2. 1 3.5 6.1 7.7 2.0 3.4 3.1 1972 J A N 3.3 1.4 2.7 6.9 2.4 1.8 2.4 7.8 3.7 3.9 1.8 4. 1 1 .8 FEB 1.8 0.5 2.3 1.7 1.3 1.3 1.7 1.0 1.0 4.4 1.3 2. ? 1.6 MAR 3.0 0.8 4. 1 2.8 3.6 0.8 1.9 2.0 3.6 2.4 1.4 2.7 2.3 APR 2.1 0.5 2.0 2.1 5.4 1.2 1.6 2.1 0.4 1. 5 1. 8 1.7 2.5 M A Y OR LATER 2.0 3.4 0. 9 1.8 8.8 3.2 2.7 1.6 1 .3 1.4 1.0 0. 7 2 .9 100.0 100.0 100.0 100.0 100.0 100 .0 100.0 100.0 100 .0 lob.o 100.0 OR M O R E BY W E E K L Y CD'S 1971 TOTAL 1/ MATURING IN ALL DISTRICTS BOSTON 3.9 4. 3 MAY 25.4 JUN PHILADELPHIA CLEVELAND RICHMOND ATLANTA 4.4 3.6 4.6 3.3 2.8 24. 5 26.2 28.2 18.6 22.2 20.6 22. 7 21.2 17.9 16.9 JUL 12.3 13.3 10.2 9.1 AUG 6.3 5. 3 6. 8 SEP 6.7 4.7 OCT 5.9 NOV APR 29--APR 30 * INCLUDES ONLY CERTIFICATES ISSUED NEW YORK IN D E N O M I N A T I O N S OF $100,000 CHICAGO REPORTING BANKS. 1O0. G 1 j0 . 0 .R 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 D E P O S I T AT 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 1/ AS OF 28 APR 1971 (CUMULATIVE PERCENTAGE) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 2.9 1.0 2.2 4.2 3.6 3.9 29.0 24.8 28.5 31.7 28.7 34.6 29.3 47.5 51.6 44.7 52.3 50.3 51.9 49.1 51.1 56.2 62.9 65.8 59.2 65.0 59.8 66.2 63.4 64.1 64.6 61.3 69.1 73. a 64.6 72.3 67.7 73.1 70.1 70.2 75.7 70.7 66.6 79.8 80.0 70.0 76.0 72.2 81.3 76.2 78.3 83.3 81.6 73.5 73.6 88.9 84.0 77.7 80.1 76.4 87.7 81.5 82.6 84.3 89.1 84.3 77.1 76.0 90.4 87.5 81.9 83.9 78.7 90.7 85.2 85.8 DEC 87.9 93.4 88.0 84. 8 78.5 91.7 89.6 85.4 90.0 86.4 92.7 88.6 88.o 1972 J A N 91.2 94.8 90.7 91.7 80.9 93.5 92.0 93.2 93.7 90.3 94.5 92.7 90.7 FEB 93.0 95.3 93.0 93.4 82.2 94.8 93.7 94.2 94.7 94.7 95. 8 94.9 92.3 MAR 96.0 96.1 97.1 96.2 85.8 95.6 95.6 96.2 98.3 97.1 97.2 97.6 94.6 APR 98.1 96.6 99.1 98.3 91.2 96.8 97.2 98.3 98.7 98.6 99.0 99.3 97.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 CD1 S MATURING 1971 ALL DISTRICTS BOSTON 3.9 4.3 MAY 29. 3 JUN IN CLEVELAND 4.4 3.6 4.6 3.3 2.8 28.8 30.6 31.8 23.2 25.5 49.9 51.5 51.8 49.7 40.1 JUL 62.2 64.8 62.0 58.8 AUG 68.5 70.1 68.8 SEP 75.2 74.8 OCT 81.1 NOV APR 29- APR 30 M A Y OR LATER 1/ RICHMOND ATLANTA PHILADELPHIA INCLUDES O 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 $ 1 0 0 , 0 0 0 OR MORE CHICAGO BY WEEKLY REPORTING BANKS. LAM a# T A B L E 6E 1/ SALES OF N E G O T I A B L E 2/ TIME 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 WEEKLY 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 28 APR 1971 (PERCENTAGE 34. 0 52.4 30.3 24.2 16.5 8. 0 20.1 22.1 12.4 21.4 20.0 17.9 3.0 3.5 5.9 1.4 3.4 2.2 2.5 1.7 0.9 1.3 3.1 0.7 3.4 16.6 9.5 7.8 8.1 11.1 12.5 8.4 8 .9 1.2 1.3 1.4 0.5 0.9 1.5 0.8 0. 5 0.6 4.2 0.5 1.1 1.4 1.8 0.3 2.9 0.5 0.4 0.7 1.6 1.1 3.5 1.2 0.6 2.7 2.3 4.3 1.0 0. 5 1.0 0.0 0.2 O.C 0.4 0.1 0.6 0.5 0.0 0.0 0.4 0.2 0.3 0.8 0.1 0.8 0.0 2.7 0.1 1.3 0.3 0.3 4.6 0.5 0. 7 1.1 7.9 2.4 5.2 8.8 28.5 6.5 6.2 8.9 3.7 7.5 7.8 4. 8 13.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 BOSTON 1971 MAY 38.0 35.7 JUN 20,5 JUL IN ST. LOUIS MINNEAPOLIS 28.5 46.3 24.3 11.2 15.2 11.7 17.5 24.3 29.C 1.6 1.0 3.2 0.4 1.2 3.9 4.4 3.2 13.3 2.1 0.6 2.7 1.3 2.9 1.3 1972 J A N 1.6 1.8 FEB 0.3 MAR APR OR L A T E R CLEVELAND 42.6 42.2 17.8 36.2 37.8 18.4 26.4 20.2 14.0 14.6 17.1 23.2 12.6 13.6 15.5 AUG 2.3 2.6 1.8 3.6 SEP 2.3 2.6 2.5 OCT 7.0 8.3 NOV 0.8 DEC 1/ SEE TECHNICAL A P P E N D I X 2/ RICHATLANTA MOND PHILADELPHIA TOTAL * ISSUED IN D E N O M I N A T I O N S OF ARE NOT A D J U S T E D FOR C D ' S THAT D E T A I L S MAY NOT A D D TO T O T A L S DUE NEW YORK CHICAGO A. INCLUDES O N L Y C E R T I F I C A T E S N O T E - SALES IN THIS TABLE * DALLAS SAN FRANCISCO ALL DISTRICTS CD'S MATURING DISTRIBUTION! TO R O U N D I N G . $ 1 0 0 , 0 0 0 OR MORE HAVE M A T U R E D . BY WEEKLY R E P O R T I N G B A N K S . KANSAS CITY I 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 1 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. I TECHNICAL NOTE B CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT OUTSTANDINGS Average maturities of outstanding negotiable time certificates of deposit are calculated on a weighted average basis. All CD's are assumed to mature in the middle of the month and those CD s maturing in the survey m o n t h — a f t e r the survey date--are assumed to mature in the middle of the period between the survey date and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD's outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way. That is, th •' are weighted averages calculated from the survey date with the assumption m, 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. I 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.