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May 24, 1971 L.A.I FEBERAL RESERVE BANRFIDENTIAL <**> of KANSAS CITY JUN 1 1973 — Research Library — SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF April 25, 1973 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS AS OF 25 APR 1973 CD'S MATURING 1973 APRIL 1974 AMOUNT ( M I L L I O N S OF DOLLARS) IN 26 - 30 PERCENTAGE DISTRIBUTION 3,451.1 CUMULATIVE PERCENTAGE SALES SINCE PREVIOUS MONTH 2/ ( M I L L I O N S OF D O L L A R S ) 6.1 6.1 .0 MAY 18 F 3 6 8 • 6 32.7 38.8 7,742.0 JUNE 14,146.5 25.2 64.0 4,696.3 JULY 8,176.1 14.6 78.6 5,185.8 AUGUST 1,966.9 3.5 82.1 153.7 SEPTEMBER 2,091.8 3.7 85.8 154.8 OCTOBER 1,885.7 3.4 89.2 744.8 NOVEMBER 922.7 1.6 90.8 47.0 DECEMBER 885.0 1.6 92.4 52.3 JANUARY 779.9 1.4 93.8 36.6 FEBRUARY 457.6 .8 94.6 18.4 MARCH 808.6 1.4 96.0 81.1 APRIL 796.5 1.4 97.4 A 19.9 1,453.9 2.6 100.0 XXX 56,190.9 100.0 XXX 19,732.9 OVER \D MONTHS TOTAL (MEMORANDUM: JUNE JUNE 11 15 1I125.1 2,170.4 TAX AND DIVIDEND 2.0 3.9 MATURITIES) XXX XXX 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING RANKS. 2/ SEE TECHNICAL APPENDIX A. 3/ SALES OF CD'S MATURING AFTER 11 MONTHS. 403.9 585.4 3/ TABLE 2A 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 T I M E C E R T I F I C A T E S NEW YORK C I T Y , C H I C A G O . A N D ALL OTHER WEEKLY REPORTING AS (IN NEW CP'S MATURING 1973 MILLIONS APR OF 1973 DOLLARS) ALL CHICAGO CITY SALES PREVIOUS AMOUNT IN 25 SINCE MONTH AT SALES PREVIOUS AMOUNT 2/ SINCE MONTH OTHER WEEKLY AMOUNT 2/ REPORTING SALES PREVIOUS ,0 241.4 ,0 ?,045,9 .0 MAY 7,009,0 2I842.5 1,764.4 543.0 9,595.1 4,356.5 JUNE 5,704.1 1,938.6 1,359.8 428,5 7,082.6 2,329.2 JULY 2,685.3 2,022.7 1,259.7 994,0 4,231.1 2,169.0 AUGUST 463.2 69.9 133.9 5,0 1,369.7 78.8 SEPTEMBER 496.0 15.3 137.6 38.2 1,458.2 101.4 OCTOBER 351.1 148.5 140.9 8,6 1,393.7 587.7 NOVEMBER 96.8 16.4 54.6 2.1 771.3 28.6 DECEMBER 105.1 16.2 54.8 3.1 725.1 33.0 JANUARY 80.9 9.2 41.6 ,1 657.4 27.4 FEBRUARY 38.3 ,2 12.9 ,0 406.4 18.2 MARCH 189.3 1.9 13.8 1,3 605.5 77.9 APRIL 114.5 105.7 32.2 9,5 649.8 704.6 213.9 XXX 119.7 XXX 1,120.3 XXX 18,711.2 7,187.1 5,367.3 2,033,4 32,112.1 10,512.3 26 OVER - 12 APR MONTHS TOTAL NUMBER OF 30 * REPORTING BANKS /3 JTINE 1/ INCLUDES 2/ SEE 3/ SALES ONLY TECHNICAL OF CD'S CERTIFICATES IN APPENDIX A. MATURING AFTER * T O T A L S MAY NOT ADD DUE TO TAX AND DENOMINATION 11 MONTHS. ROUNDING. OF DIVIDEND MATURITIES) $100,000 OR MORE ISSUED 602.1 44.2 99.3 186.7 129.3 246.8 423.7 1.041.0 15 236 12 12 (MEMORANDUM I JUNE H /3 12.1 BY WEEKLY REPORTING 942.7 BANKS. RANKS SINCE MONTH 1,163.7 APR 1974 YORK OF OF D E P O S I T BANKS 230.4 326.5 /3 ?/ TABLE 28 1/ MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING CITY, CHICAGO* AS OF 25 NEGOTIABLE AND APR ALL 1973 (PERCENTAGE NEW « • 0-6 DAYS YORK • 2/ AND WEEKLY 28 MAR REPORTING OF BANKS 1?73 CHICAGO ; AT DISTRIBUTION) CITY — DEPOSIT ; ; ALL ; ; OTHER — 6.2 5.9 4.5 2.7 6.4 4.3 37.5 39.7 32.9 38.7 29.9 32.4 MONTHS 02 MONTHS 30.5 21.9 25.3 23.2 22.1 17.0 03 MONTHS 14.4 19.8 23.5 17.7 13.2 15.4 04 MONTHS 2.5 3.5 2.5 5.0 4.3 6.7 05 MONTHS 2.7 2.1 2.6 2.4 4.5 4.2 06 MONTHS 1.9 2.5 2.6 1.9 4.3 4.4 0? MONTHS .5 1.1 1.0 2.5 2.4 2.6 08 MONTHS .6 .4 1.0 1.0 2.3 2.4 09 MONTHS .4 .5 .8 1.0 2.0 2.2 10 MONTHS .2 .4 .2 .8 1.3 2.0 11 MONTHS 1.0 .2 .3 .2 1.9 1.3 12 MONTHS .6 1.0 .6 .2 2.0 1.7 1.1 1.2 2.2 2.7 3.5 3.5 100.0 100.0 100.0 100.0 100.0 100.0 OF OR 12 TOTAL 3/ OTHER CERTIFICATES 0* OVER 1/ • TIME MONTHS * INCLUDES ONLY CERTIFICATES IN DENOMINATIONS $100,000 MORE ISSUED BY WEEKLY REPORTING BANKS, 2/ 3/ • NUMBER OF DAYS REMAINING FOLLOWING THE NUMBER MONTHS TOTALS OF MAY NOT LAST ADD IN SURVEY WEDNESDAY FOLLOWING DUE TO OF THE THE MONTH. SURVEY ROUNDING. THIS MONTH. MONTH. PERIOD VARIES WITH THE NUMBER OF DAYS TABLE 2C 1/ MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING CITY, CHICAGO, AS OF 25 NEGOTIABLE AND APR ALL 1973 (CUMULATIVE NEW 25 0-6 2/ 28 MAR REPORTING DEPOSIT AT BANKS 1973 DISTRIBUTION) CITY APR 28 WEEKLY OF CHICAGO MAR 25 APR 6.2 5.9 4.5 43.7 45.6 37.4 ALL 28 MAR 25 OTHER APR 28 MAR 6.4 4.3 41.4' 36.3 36.7 2.7 MONTHS 02 MONTHS 74.2 67.5 62.7 64.6 58.4 53.7 03 MONTHS 88.6 87.3 86.2 82.3 71.6 69.1 04 MONTHS 91.1 90.8 88.7 87.3 75.9 75.8 05 MONTHS 93.8 92.9 91.3 89.7 80.4 80.0 06 MONTHS 95.7 95.4 93.9 91.6 84.7 84.4 07 MONTHS 96.2 96.5 94.9 94.1 87.1 87.0 08 MONTHS 96.8 96.9 95.9 95.1 89.4 89.4 09 MONTHS 97.2 97.4 96.7 96.1 91.4 91.6 10 MONTHS 97.4 97.8 96.9 96.9 92.7 93.6 11 MONTHS 98.4 98.0 97.2 97.1 94.6 94.9 12 MONTHS 99.0 99.0 97.8 97.3 96.6 96.6 100.0 100.0 100.0 10 0 . 0 100.0 100.0 OF OR 12 3/ AND CERTIFICATES 01 OVER 1/ DAYS YORK OTHER TIME MONTHS INCLUDES ONLY CERTIFICATES IN DENOMINATIONS $100,000 MORE ISSUED BY WEEKLY REPORTING BANKS, 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 LAST W E D N E S D A Y OF THE M O N T H . 3/ NUMBER MONTHS * OF # FOLLOWING THE # SURVEY MONTH. # PERIOD VARIES WITH THE NUMBER OF DAYS TABLE MATURITY 3A 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 AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E OF B A N K S 2 / AS OF 25 APR 1973 ( A M O U N T S IN M I L L I O N S O F D O L L A R S ) OF DEPOSIT $1 $200 M I L L I O N $200 MATURING $1 PRIME MILLION TO BILLION AND OVER 3/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY TOTAL 468.6 667.3 2,126.7 1,095.9 615.5 415.3 MAY 18,366.6 898.7 2,116.8 2,971.9 12,381.2 6 ,697.5 3,827.1 1,856.6 JUNE 14,146.4 628.6 1,476.9 2,182.2 9,858.7 5,449.4 2,899.3 1,510.0 JULY 8,176.1 354.9 1,019.6 1,191.0 5,610.6 2,625.9 2,205.6 779.1 AUGUST 1,966.8 185.8 363.5 446.5 971.0 414.2 325.2 231.6 SEPTEMBER 2,091.7 160.1 304.2 352.9 1,274.5 421.2 482.8 370.5 OCTOBER 1,885.7 120.1 275.6 376.4 1,113.6 303.7 496.6 313.3 NOVEMBER 922.6 90.9 151.0 158.4 522.3 82.4 306.9 133.0 DECEMBER 885.1 93.6 178.2 180.0 433.3 94.7 187.7 150.9 JANUARY 780.0 67.2 207.1 148.8 356.9 74.5 110.9 171.5 FEBRUARY 457.5 58.8 100.9 91.3 206.5 37.4 102.3 66.A MARCH 808.6 49.4 107.6 166.1 485.5 113.5 238.5 133.5 APRIL 796.5 49.0 130.0 156.2 461.3 100.9 271.A AA • 6 1,453.9 99.6 152.4 284.6 917.3 1 8 4 . 1 6 5 6 . 4 76.A 3,045.1 7,052.4 9,373.6 36,719.4 1 7 , 6 9 6 . 3 1 2 , 7 2 6 . 6 6 , 2 9 7 . 5 LATER * i i TOTAL %D MAY OR 1 vJl 188.4 26-30 1 o 197* $500 $500 TO MILLION BILLION 3,451.0 APR 1 1973 IN m CD'S MILLION AND UNDER TOTAL 1/ TAX AND DIVIDEND MATURI JUNE 11 1.125.0 48.9 133.8 189.8 752.5 4 1 1 . 0 247.6 93.9 JUNE 15 2,170.4 52.8 172.8 311.0 1,633.8 9 3 2 . 2 417.1 2*4.5 (MEMORANDUM! 260 1/ 2/ 3/ 89 NUMBER 84 OF BANKS) 50 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 O F $ 1 0 0 , 0 0 0 O R M O R E I S S U E D B Y 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 A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 . 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 B E I N G OF THE H I G H E S T 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 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . FRASER Digitized for * TOTALS MAY NOT ADD DUE TO ROUNDING. 12 37 QUALITY AND WHICH LA 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 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 3 / AS OF 25 APR 1973 ( 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 $1 $200 CD'S MATURING IN TOTAL AND 1973 1474 APR $200 MILLION UNDER $500 MILLION TO $500 $1 AND PRIME TO MILLION BILLION OVER 4/ — — — — — — — — — — — BILLION TOTAL OUTSIDE NEW YORK CITY NON-PRTMF NEW YORK CITY 26-30 MAY 7.742.1 393.7 1.016.7 1,301.4 5.030.3 2,663.3 1.538.1 8?FT.9 JUNE 4,696.4 194.6 492.5 825.7 3,183.6 1,899.6 826.3 457.7 JULY 5,185.8 182.7 524.6 633.6 3,844.9 1,996.4 1,404.1 444.4 AUGUST 153.7 24.5 32.5 30.3 66.4 50.4 13.6 2.4 SEPTEMBER 154.8 18.0 24.3 39.8 72.7 9.5 52.2 11.0 OCTOBER 744.7 49.3 123.4 171.4 400.6 131.7 180.2 88.7 NOVEMBER 47.0 7.3 4.0 8.3 27.4 10.3 6.8 10.3 DECEMBER 52.3 3.4 9.9 17.3 21.7 7.6 8.5 5.6 JANUARY 36.8 0.5 7.3 8.7 20.3 9.0 5.9 5.4 FEBRUARY 18.4 2.1 3.0 5.1 8.2 0.2 6.0 2.0 MARCH 81.1 7.5 15.2 37.5 20.9 1.8 10.9 8.2 820.0 58.0 137.9 125.6 498.5 93.4 322.3 82.8 19,733.1 941.6 2,391.3 3,204.7 13,195.5 6,873.2 4,374.9 1,947.4 APRIL OR L A T E R TOTAL * ------------------------------------------- (MEMORANDUM: TAX AND DIVIDEND MATURITIES) ------------------------------------------ JUNE 11 403.9 11.9 65.0 81.4 245.6 122.4 97.0 26.2 JUNE 15 585.5 22.9 54.8 122.1 385.7 244.9 86.3 54.5 ------------------------------------------------260 1/ 2/ 3/ 4/ • MILLION 2/ (MEMORANDUM! 89 NUMBER 84 OF BANKS) ------------------------------------------------- 50 37 SEE TECHNICAL APPENDIX 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 O F $ 1 0 0 , 0 0 0 O R M O R E I S S U E D B Y 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 A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 . 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 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 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 ADO D U E TO R O U N D I N G . http://fraser.stlouisfed.org/ # St. Louis Federal Reserve Bank of # e # e m * 7 QUALITY 12 AND WHICH 18 ARE ^ # # # TABLE MATURITY 3C 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 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 2 5 APR 1 9 7 3 PERCENTAGE DISTRIBUTION OF DEPOSIT $1 CD'S MATURING 1973 1974 TOTAL IN $200 MILLION AND UNDER $200 MILLION TO MILLION $500 MILLION 1 U BILLION BILLION AND PRIME OVER 3/ NEW YORK CITY OUTSIDE NEW YORK CITY TOTAL NON-PRIME 6.1 6.2 6.6 7.1 29.5 30.0 31.7 33.7 37.8 29.5 32.7 30.1 MAY 20.6 20.9 23.3 26.8 22.8 24.0 25.2 30.8 JUNE 14.6 11.7 14.5 12.7 15.3 14.8 17.3 12.4 JULY 3.5 6.1 5.2 4.8 2.6 2.3 2.6 3.7 AUGUST 3.7 5.3 4.3 3.8 3.5 2.4 3.8 5.9 SEPTEMBER 3.4 3.9 3.9 4.0 3.0 1.7 3.9 5.0 OCTOBER 1.6 3.0 2.1 1.7 1.4 0.5 2.4 2.1 NOVEMBER 1.6 3.1 2.5 1.9 1.2 0.5 1.5 2.4 DECEMBER 1.4 2.2 2.9 1.6 1.0 0.4 0.9 2.7 JANUARY 0.8 1.9 1.4 1.0 0.6 0.2 0.8 1.1 FEBRUARY 1.4 1.6 1.5 1.8 1.3 0.6 1.9 2.1 MARCH 1.4 1.6 1.8 1.7 1.3 0.6 2.1 1.4 APRIL MAX OR 2.6 3.3 2.2 3.0 2.5 1.0 5.2 1.2 100.0 100.0 100.0 100.0 2.0 2.3 1.9 1 .5 5.3 3.3 4.5 APR 26-30 LATER TOTAL 100.0 • 100.0 100.0 (MEMORANDUM! 100.0 TAX AND DIVIDEND JUNE 11 2.0 1.6 1.9 2.0 JUNE 15 3.9 1.7 2.5 3.3 g lEIf • $500 1/ TOTALS MAY NOT ADD DUE TO ROUNDING. MATURITIES) -- TABLE 3D MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 25 APR 1973 CUMULATIVE PERCENTAGE $ 1 B I L L I O N A N D OVER CD'S MATURING IN $200 MILLION AND UNDER TOTAL $200 $500 MILLION TO $500 MILLION $1 MILLION TO BILLION PRIME TOTAL NFW YORK CITY 1973 1974 3/ - - - - - - - - - - OUTSIDE NFW YORK CITY NON-PRIME 6,1 6.2 6.6 7.1 5.8 6.2 4.8 6.6 MAY 38.8 35.7 36.6 38.8 39.5 44.0 34,9 36.1 JUNE 64.0 56.3 57.5 62.1 66.3 74.8 57.7 60.1 JULY 78.6 68.0 72.0 74.8 81.6 89.6 75.0 72.5 AUGUST 82.1 74.1 77.2 79.6 84.2 91.9 77.6 76.2 SEPTEMBER 85.8 79.4 81.5 83.4 87.7 94.3 81.4 82.1 OCTOBER 89.2 83.3 85.4 87.4 90.7 96.0 85.3 87.1 NOVEMBER 90.6 86.3 87.5 89.1 92.1 96.5 87.7 89.2 DECEMBER 92.4 89.4 90.0 91.0 93.3 97.0 89.2 91.6 JANUARY 93.8 91,6 92.9 92.6 94.3 97.4 90.1 94.3 FEBRUARY 94.6 93.5 94.3 93.6 94.9 97.6 90.9 95.4 MARCH 96.0 95.1 95.8 95.4 96.2 98.2 92.8 97.5 APRIL 97.4 96.7 97.6 97.1 97.5 98.8 94.9 98.9 100.0 100.0 100.0 100.0 100.0 100.0 100,0 100.0 APR MAY OR 26-30 LATER 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. http://fraser.stlouisfed.org/ e St. Louis Federal Reserve Bank of # # # e # # # e # SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 25 APR 1973 PERCENTAGE DISTRIBUTION TABLE 3E $1 CD'S MATURING IN 1973 APR TOTAL $200 MILLION AND UNDER $200 MILLION TO $500 MILLION $500 MILLION TO $1 BILLION BILLION AND OVER PRIME 4/ TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 26-30 MAY 39.2 41.8 42.5 40.6 38.1 38.7 35.2 42.6 JUNE 23 .8 20.7 20.6 25.8 24.1 27.6 18.9 23.5 JULY 26,3 19.4 21.9 19.8 29.1 29.0 32.1 22.8 AUGUST 0.8 2.6 1.4 0.9 0.5 0.7 0.3 0.1 SEPTEMBER 0.8 1.9 1.0 1.2 0.6 0.1 1.2 0.6 OCTOBER 3.8 5.2 5.2 5.3 3.0 1.9 4.1 #.6 NOVEMBER 0.2 0.8 0.2 0.3 0.2 0.1 0.2 0.5 DECEMBER 0.3 0.4 0.4 0.5 0.2 0.1 0.2 0.3 0.2 0.1 0.3 0.3 0.2 0.1 0.1 0.3 FEBRUARY 0.1 0.2 0.1 0.2 0.1 0.0 0.1 0.1 MARCH 0.4 0.8 0.6 1.2 0.2 0.0 0.2 0.4 APRIL OR LATER 4.2 6.2 5.8 3.9 3.8 1.4 7.4 4.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1974 JANUARY TOTAL • AND DIVIDEND MATURITIES) JUNE 11 JUNE 15 2.0 1.3 2.7 2.5 1.9 1.8 2.2 1.3 3.0 2.4 2.3 3.8 2.9 3.6 2.0 2.A INUrlDun wr (MEMORANDUM! 260 89 84 / 50 37 7 12 2/ INCLUDES CERTIFICATES IN DENOMINATIONS OF SlOOtOOO OR MORE ISSUED BY WEEKLY REPORTING BANKS. 3/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 4/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HlGHFST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. » TOTALS MAY NOT ADD DUE TO ROUNDING. 18 TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES (IN MONTHS) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 DATE OF SURVEY BANK CLASSIFICATION 25 APR 1973 28 MAR 1973 28 FEB 1973 (BY LOCATION) ALL REPORTING BANKS 2.6 2.6 2.7 NEW YORK CITY 1.9 1.9 1.9 CHICAGO 2.2 2.3 2.6 OTHER 3.0 3.1 3.2 ISSUING CD'S (BY SIZE OF BANK) 2/ UNDER $200 MILLION 3.1 3.2 3.2 $200-5500 MILLION 2.9 2.9 3.1 $500-51,000 MILLION 2.8 2.8 3.0 OVER $1 BILLION 2.4 2.4 2.5 PRIME IN NEW YORK CITY 3/ 1.9 1.9 1.9 PRIME OUTSIDE NEW YORK CITY 3/ 3.1 3.0 3.2 NON-PRIME 2.A 2.9 3.0 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF SlOOtOOO OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31. 1965. 3/ sis S TABLE AVERAGE 48 MATURITY OF NEGOTIABLE SOLD DURING TIME BY CERTIFICATES WEEKLY THE MONTH (IN OF REPORTING OF VARIOUS CLASSIFICATION 25 APR 28 1973 (BY ALL REPORTING 1/ BANKS SURVEYS MONTHS) DATE BANK DEPOSIT OF MAR SURVEY 28 1973 LOCATION) BANKS 2.3 2.1 1.8 2.0 1.7 CHICAGO 2.0 1.9 2.4 OTHER 2.5 2.5 2.4 NEW YORK CD'S CITY (BY S I Z E OF B A N K ) UNDER $200 $200-$500 MILLION MILLION $500-$1»000 OVER $1 MILLION BILLION PRIME IN NEW PRIME OUTSIDE YORK CITY 3/ NEW YORK CITY 3/ NON-PRIME INCLUDES 2/ TOTAL CERTIFICATES DEPOSITS AS 1973 2.2 ISSUING 1/ FEB IN DENOMINATIONS REPORTED N O T E — S E E TECHNICAL APPENDIX B. IN THE CALL OF $100*000 REPORT OF OR 2/ 2.5 2.4 2.6 2.4 2.2 2.4 2.3 2.4 2.3 2.2 2.3 2.0 1.8 1.9 1.7 2.6 2.7 2.6 2.2 2.7 1.9 MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31 * REPORTING 1965. BANKS. TABLE RATIO OF OUTSTANDING NEGOTIABLE TO AT TOTAL VARIOUS (PER 5A TIME CERTIFICATES TOTAL ALL DEPOSITS MILLIONS BANKS CD'S OF SURVEY DATES CENT) OF SURVEY 2/ DOLLARS) 25 APR 1973 28 MAR 1973 28 FEB 1973 ISSUING 18.4 18.3 16.7 200 12.1 12.1 11.7 200 - 500 15.7 15.3 14.7 500 - 1000 17.0 16.7 14.9 20.3 20.4 18.4 26.5 27.2 24.4 16.3 15.9 14.0 17.5 17.5 16.0 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31I REPORTING BANKS. 1965. C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D 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 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 . D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. 1/ UNDER OVE* NOTE- DEPOSIT DEPOSITS DATE (IN OF IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS. INCLUDING # $ # # e e # TABLE RATIO OF OUTSTANDING NEGOTIABLE TOTAL (IN ALL DEPOSITS MILLIONS BANKS CD'S OF 2/ 5% OR LESS DOLLARS) CERTIFICATES TO TOTAL DEPOSITS AS OF APR (NUMBER e OF OF DEPOSIT 1/ 1973 BANKS) 10 TO 15% 5 TO 10% e SB TIME 25 e 20 TO 25% 15 TO 20% A V E R A G E CD TO D E P O S I T R A T I O (PER C E N T ) 25% OR MORE ISSUING 39 45 49 57 30 40 18,4 UNDER 200 17 23 20 16 8 5 12.1 200 - 500 17 9 14 22 6 16 15,7 500 ~ 1000 4 E 7 13 11 7 17.0 1 5 8 6 5 12 20,3 0 0 0 0 3 4 26,5 0 1 6 1 0 4 16.3 1 4 2 5 2 4 17,5 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE A R E R E P O R T E D BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF *100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31. REPORTING RANKS. 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 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 THE S E C O N D A R Y M A R K E T . D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS. INCLUDING e TABLE PER CENT CHANGE IN OUTSTANDING 28 MAR NEGOTIABLE 1973 TO (NUMBER DECLINES TOTAL DEPOSITS (IN M I L L I O N S ALL BANKS OF REDUCED C D ' S TO ZERO 2/ DOLLARS) SC OF 25 TIME APR CEHTIFICATE OF DEPOSIT /I INCREASES OF 1973 BANKS) OF — — — — — — — — 1 0 % OR MORE 5 TO 10% 5 % OR LESS NO CHANGE 5 % OR LESS 10% OR MORE 5 TO 10% ISSUED CD'S BUT HAD NONE OUTSTANDING ON B A S E D A T E ISSUING CD'S 0 31 24 39 9 49 44 64 0 UNDER 200 0 13 8 12 4 18 10 24 0 200 - 500 0 5 7 15 4 14 17 22 0 500 • 1000 0 8 3 7 1 9 13 9 0 0 5 6 5 0 8 4 9 0 0 2 1 0 0 2 1 1 0 0 1 2 1 0 1 1 6 0 0 2 3 4 0 5 2 2 0 OVLR 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY NOTE- THE HAD CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E N U M B E R O F B A N K S IN T H I S O U T S T A N D I N G CD'S ON THE OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31. REPORTING BANKS. 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 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 THE S E C O N D A R Y M A R K E T . 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 LAST SURVEY REDUCED THEIR OUTSTANDINGS T A B L E S TO THE E X T E N T T H A T TO Z E R O ON T H I S S U R V E Y . BANKS THAT # # # # # # # TABLE PER CENT CHANGE IN OUTSTANDING 31 JAN TO (NUMBER TOTAL (IN ALL DEPOSITS MILLIONS BANKS OF /2 REDUCED CD'S TO ZERO DOLLARS) • p» www DECLINES 20 TO 25% 25% OR MORE 15 TO 20% OF OF 25 TIME APR CERTIFICATE # # OF DEPOSIT /I 1973 BANKS) —————— 10 TO 15% # 50 NEGOTIABLE 1973 # —————— 5 TO 10% 5% OR LESS NO CHANGE 5% OR LESS 5 TO 10% INCREASE 10 TO 15% OF 20 TO 25% 15 TO 20% ISSUED — — — — e» — 25% OR MORE CD'S BUT HAD NONE OUTSTANDING ON B A S E D A T E ISSUING CD'S 0 13 5 2 7 10 13 4 21 29 23 22 28 81 2 UNDER 200 0 8 4 1 1 5 3 2 7 8 12 5 11 21 1 200 - 500 0 3 1 1 4 4 4 2 8 12 4 6 8 26 1 500 ~ 1000 0 2 0 0 1 1 5 0 2 4 3 7 7 18 0 0 0 0 0 1 0 1 0 4 5 4 4 2 16 P 0 0 0 0 0 0 0 0 0 0 2 1 1 3 0 0 0 0 0 0 0 0 0 1 1 0 2 0 8 0 0 0 0 0 1 0 1 0 3 4 2 1 1 5 0 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E T H E N U M B E R O F B A N K S IN T H I S 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 . THE OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING RANKS. 1965. C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D 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 WITHIN 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 THE S E C O N D A R Y M A R K E T . 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 S U R V E Y THREE M O N T H S P R I O R TO THE O T H E R T A B L E S TO CURRENT SURVEY, THE EXTENT THAT REDUCED THEIR BANKS THAT TABLE CHANGE IN OUTSTANDING OVER THE NEGOTIABLE MONTH AT AS THE 28 A DEPOSITS (IN M I L L I O N S OF 3% DOLLARS) MAR 2 TO 3% AND OVER CENT BEGINNING 1973 DECLINES 2/ TIME PER TO (NUMBER TOTAL 5E OF 25 OF CERTIFICATES OF THE APR TOTAL OF DEPOSIT 1/ DEPOSITS PERIOD 1973 BANKS) INCREASES OF 1 TO 2% 1% AND LESS NO CHANGE ALL BANKS ISSUING 1% AND LESS OF 1 TO 2 TO 2% 3% 3% AND OVER CD'S 5 8 27 54 9 76 37 15 29 UNDER 200 2 6 7 18 4 29 14 2 7 200 - 500 0 1 6 20 4 25 13 8 7 500 - 1000 1 1 6 10 1 14 7 2 8 2 0 8 6 0 8 3 3 7 2 0 1 0 0 2 0 0 2 0 0 3 1 0 1 2 1 4 0 0 4 5 0 5 1 2 1 OVER 1000 PRIME IN NEW YORK PRIME OUTSIDE 3/ NEW YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY NOTE- CERTIFICATES DEPOSITS INTERBANK IN AS DENOMINATIONS REPORTED THE AND IN IN CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E DENOMINATOR U.S. THE OF GOVERNMENT THE OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31» REPORTING BANKS, 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 A S B E I N G OF T H E H I G H E S T Q U A L I T Y AND* W I T H I N 1 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 . RATIO DEPOSITS. IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS. INCLUDING # # # # # # # TABLE CHANGE IN OVER OUTSTANDING THE LAST AT MONTHS THE 31 AS 1973 TO (NUMBER TOTAL DEPOSITS 2/ DECLINES TIME A BEGINNING JAN # # PER OF 25 OF CERTIFICATES CENT THE APR OF OF TOTAL DEPOSIT 1/ DEPOSITS PERIOD 1973 BANKS) OF -------- ——————— INCREASES — — — — — — — — i i i i i a i i i • i i i i i (IN ALL MILLIONS BANKS CD'S OF DOLLARS) 5% AND OVER 4 TO 5% 3 TO 4% 1 2 TO 3% # 5F NEGOTIABLE THREE # NO CHANGE 1% AND LESS TO 2% 1% AND UNDER OF 1 TO 2 TO 3 TO 4 TO 2% 3% 4% 5% ISSUING 2 2 4 5 6 31 4 47 37 27 22 23 4A UNDER 200 2 2 3 4 4 7 2 17 20 7 9 7 4 200 - 500 0 0 1 1 0 15 2 16 10 10 5 6 17 500 - 1000 0 0 0 0 2 7 0 6 6 4 4 7 14 0 0 0 0 0 2 0 8 1 6 4 3 13 0 0 0 0 0 0 0 0 0 2 1 0 4 0 0 0 0 0 0 0 2 1 1 0 2 6 0 0 0 0 0 2 0 6 0 3 3 1 3 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF $100,000 REPORT MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING BANKS. 1965, C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y AND W I T H I N 1 OR 2 B A S I S P O I N T S OF 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 , D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS, OF OR IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE MATURITY DISTRIBUTION OF 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 (AMOUNTS CD'S MATURING IN 25 APR OF DEPOSIT 1/ 1973 MILLIONS OF DOLLARS) SAN ALL DISTRICTS BOSTON 3451.1 173,9 MAY 18368,6 JUN MINNEAPOLIS KANSAS CITY DALLAS FRANCISCO 391,1 64,1 40,4 61.5 242.8 490.5 628,9 2439,1 255,1 298,7 324,1 1029.2 2449.5 423,6 451.0 1849,8 193.9 157,6 261,6 670,9 2013,2 398,8 252,5 352.7 1517,5 95,2 115,4 149,9 338,6 1157,5 128.1 148,4 118,7 105.3 232,7 43,9 14,3 63,8 130.9 280,9 625.0 141.9 79,0 74.5 144,4 232,7 41,2 15,3 50,6 137.1 425,3 158.2 424.7 123.0 96,8 67.6 137,1 238,8 24,6 17,7 50,5 91.7 455,3 922.6 108.4 120.6 71.7 58,4 36.1 69,6 83,9 20,0 8,1 35,1 46.6 264.1 DEC 884,9 51.0 160.4 96.3 41.0 25.3 67,3 95,5 21,5 11,7 53.7 78.3 182.9 JAN 779.9 23.5 113.7 81.6 47.9 54.1 63,4 68,9 15,6 5,2 46.6 69.7 189.7 FEB 457.6 14.3 50.0 27.3 28,1 16,9 43.2 36,4 25,7 2,3 32.0 43.2 13A.2 MAR 808.6 61.2 205.9 45.4 31,0 54.1 38,4 43,3 11,7 2,7 26.1 43.1 245.7 APR 796.6 110.3 130.0 12.8 70,6 35.7 63,5 63,5 16,1 3,3 26.2 64.8 199.8 1453.8 81.6 226.5 93.0 440,1 31.3 78,5 168,0 27,9 5,1 46.4 27.7 227.7 56190.8 2745.8 21925.6 2289.7 3100,8 1787.0 2363,4 7461,2 856,5 697,8 1228.1 3014,6 8720,3 AVERAGE MATURITY IN M O N T H S 2 / 2.5 3.1 1.9 3.4 3,9 2.9 3.4 2.3 3,0 1,9 3.5 2,6 3.1 NUMBER BANKS 260 19 41 9 23 17 23 36 11 5 19 24 33 1974 PHILADELPHIA CLEVELAND RICHMOND ATLANTA 1387.5 140.0 168.1 171,1 120,1 734,2 8219.6 569.5 995,2 425,5 14146.3 676,0 6496.3 455.0 497,4 JUL 8176.1 338.9 3155.0 304,1 AUG 1966.9 89.5 610.4 SEP 2091,8 124.8 OCT 1886.0 NOV APR MAY TOTAL 26-APR OR 30 LATER * OF 1/ INCLUDES 2/ SEE ONLY TECHNICAL DETAILS # NEW YORK CHICAGO REPORTING MAY NOT # OF CERTIFICATES ST, LOUIS 1973 • IN 6A CERTIFICATES APPENDIX ADD # TO ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. B. TOTALS # DUE TO ROUNDING. # # # * # # # e $ e # # # TABLE 1/ SALES OF NEGOTIABLE TIME BY (AMOUNTS MATURING IN ALL DISTRICTS BOSTON 1973 M A Y 7742,2 284.9 JUN 4696.3 JUL 1974 IN 25 APR SINCE • PREVIOUS MONTH 1973 MILLIONS OF DOLLARS) CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 295.0 834.4 124.2 190.7 132.A 514.1 1084.9 142.5 145.1 584.7 83.2 63.9 94.3 307.7 504.9 171.3 132.0 160.3 1145.2 36.7 81.1 61.2 155.9 533.9 4.4 2.0 8.9 2.4 8.1 4.2 0.1 1.1 8.2 16.2 23.0 3.5 8.1 8.5 13.9 47.7 8.6 0.1 4.3 11.7 22*1 42.2 189.8 11.1 26.2 25.3 76.8 71.4 9.2 10.7 22.2 37.4 222.5 47.0 3.0 16.5 1.5 1.9 0.6 0.7 5.3 6.8 1.5 1.3 0.6 7.3 DEC 52.4 2.7 17.2 0.7 5.8 1.2 5.1 6.5 2.2 0.0 0.8 3.0 7.2 JAN 36.7 3.8 9.8 0.4 2.6 2.0 4.2 0.3 0.3 0.2 1.8 1.5 9.8 FEB 18.7 0.0 0.2 0.0 2.4 0.1 0.4 6.1 5.3 0.0 0.1 1.6 2.5 MAR 81.0 2.2 4.1 6.2 1.7 23.1 3.6 6.2 1.1 0.5 1.8 5.4 25.1 820.0 129.3 121.5 15.3 138.1 10.2 55.6 49.5 19.6 4.4 27.1 63.4 186.0 19737.5 861.1 8427.5 549.1 1104.2 530.8 763.1 2765.4 301.4 353.2 348.8 1110,5 2622.4 2.2 3.3 1.8 2.1 2.7 2.4 2.8 2.1 2.5 1.6 2.6 2.1 2.6 NEW YORK CLEVELAND RICHMOND ATLANTA 3373.5 193.5 537.8 176.4 205.9 2243.6 114.2 206.3 5185.8 181.7 2328.2 198.3 AUG 157.9 2.2 100.1 SEP 154.7 3.2 OCT 744.8 NOV OR LATER • AVERAGE MATURITY IN M O N T H S 3/ 1/ SEE 2/ INCLUDES 3/ SEE * OF • 2/ PHILADELPHIA APR TOTAL 68 e C E R T I F I C A T E S OF DEPOSIT WEEKLY REPORTING BANKS FEDERAL RESERVE DISTRICT AS CD'S e TECHNICAL ONLY TECHNICAL DETAILS MAY NOT APPENDIX A. CERTIFICATES APPENDIX ADD TO ISSUED IN DENOMINATIONS B. TOTALS DUE TO ROUNDING. OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. TABLE MATURITY DISTRIBUTION OF 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 25 (PERCENTAGE CD'S MATURING IN ALL DISTRICTS BOSTON NEW YORK 6C PHILADELPHIA APR CERTIFICATES OF DEPOSIT 1/ 1973 DISTRIBUTION) CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO -------- -------- 6.3 6.3 6.1 5.4 9.6 5.1 5.2 7.5 5.8 5.0 8.1 5.6 MAY 32.7 26.7 37.5 24.9 32.1 23.8 26.6 32.7 29.8 26.4 34.1 28.1 JUN 25.2 24.6 29.6 19.9 16.0 23.7 19.1 24.8 22.6 22.6 21.3 22.3 23.1 JUL 14.6 12.3 14.4 13.3 12.9 14.1 14.9 20.3 11.1 16.5 12.2 11.2 13.3 AUG 3.5 3.3 2.8 5.6 4.8 6.6 4.5 3.1 5.1 2.0 5.2 4,3 3.2 SEP 3.7 4.5 2.9 6.2 2.5 4.2 6.1 3.1 4.8 2.2 4.1 4.5 4.9 OCT 3.4 5.8 1.9 5.4 3.1 3.8 5.8 3.2 2.9 2.5 4.1 3.0 5.2 NOV 1.6 3.9 0.6 3.1 1.9 2.0 2.9 1.1 2.3 1.2 2.9 1.5 3.0 DEC 1.6 1.9 0.7 4.2 1.3 1.4 2.8 1.3 2.5 1.7 4.4 2.6 2.1 JAN 1.4 0.9 0.5 3.6 1.5 3.0 2.7 0.9 1.8 0.7 3.8 2.3 2.2 FEB 0.8 0.5 0.2 1.2 0.9 0.9 1.8 0.5 3.0 0.3 2.6 1.4 1.6 MAR 1.4 2.2 0.9 2.0 1.0 3.0 1.6 0.6 1.4 0.4 2.1 1.4 2.8 APR 1.4 4.0 0.6 0.6 2.3 2.0 Z.7 0.9 1.9 0.5 2.1 2.1 2,3 2.6 3.0 1.0 4.1 14.2 1.8 3.3 2.3 3.3 0.7 3.8 0.9 2.6 100.0 100.0 100.0 100.0 100,0 100,0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OR BY APR MAY TOTAL 1/ 26-APR OR LATER * INCLUDES 30 ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 MORE WEEKLY REPORTING (VI 1974 6.1 CO 1973 BANKS. TABLE MATURITY DISTRIBUTION OF 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 25 (CUMULATIVE CD'S 1973 1974 MATURING APR 26-APR 30 BOSTON 6 •1 NEW YORK APR CERTIFICATES OF DEPOSIT 1/ 1973 PERCENTAGE) PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 6.3 6.3 6.1 5.4 9.6 5.1 5.2 7.5 5.8 5.0 8.1 5.6 MAY 38.8 33.0 43.8 31.0 37.5 33.4 31.7 37.9 37.3 48.6 31.4 42.2 33.7 JUN 64.0 57.6 73.4 50.9 53.5 57.1 50.8 62.7 59.9 71.2 52.7 64.5 56.8 JUL 78.6 69.9 87.8 64.2 66.4 71.2 65.7 83.0 71.0 87.7 64.9 75.7 70.1 AUG 82.1 73.2 90.6 69.8 71.2 77.8 70.2 86.1 76.1 89.7 70.1 80.0 73.3 SEP 85.8 77.7 93.5 76.0 73.7 82.0 76.3 89.2 80.9 91.9 74.2 84.5 7A.2 OCT 89.2 83.5 95.4 81.4 76.8 85.8 82.1 92.4 83.8 94.4 78.3 87.5 A3.4 NOV 90.8 87.4 96.0 84.5 78.7 87.8 85.0 93.5 86.1 95.6 81.2 89.0 A6.4 DEC 92.4 89.3 96.7 88.7 80.0 89.2 87.8 94.8 88.6 97.3 85.6 91.6 AA.5 JAN 93.8 90.2 97.2 92.3 81.5 92.2 90.5 95.7 90.4 98.0 89.4 93.9 90.7 FEB 94.6 90.7 97.4 93.5 82.4 93.1 92.3 96.2 93.4 98.3 92.0 95.3 92.3 MAR 96.0 92.9 98.3 95.5 83.4 96.1 93.9 96.8 94.8 98.7 94.1 96,7 95.1 APR 97.4 96.9 98.9 96.1 85.7 98.1 96.6 97.7 96.7 99.2 96.2 98.8 97.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100,0 100,0 100.0 OR BY MAY 1/ ALL DISTRICTS IN 6D OR INCLUDES LATER ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 MORE WEEKLY REPORTING BANKS. TABLE 1/ SALES OF NEGOTIABLE TIME BY OF 25 (PERCENTAGE KANSAS CITY DALLAS SAN FRANCISCO 30.2 41.2 54.0 38.1 46.3 41.4 19.0 21.1 27.6 18.1 27.0 27.7 19.3 24.9 21.0 41.4 12.2 23.0 17.5 14.0 20.4 0.2 1.7 9.3 0.3 1.4 0.0 0.3 0.7 0.6 0.6 0.7 1.6 1.8 1.7 2.9 0.0 1.2 1.1 0.8 2.3 2.0 2.4 4.8 10.1 2.6 3.1 3.0 6.4 3.4 8.5 0.3 0.2 0.3 0.2 0.1 0.1 0.2 2.3 0.4 0.4 0.1 0.3 0.3 0.3 0.2 0.1 0.5 0.2 0.7 0.2 0.7 0.0 0.2 0.3 0.3 JAN 0.2 0.4 0.1 0.1 0.2 0.4 0.6 0.0 0.1 0.1 0.5 0.1 0.4 FEB 0.1 0.0 0.0 0.0 0.2 0.0 W 0.2 1.8 0.0 0.0 0.1 0.1 MAR 0.4 0.3 0.0 1.1 0.2 4.4 0.5 0.2 0.4 0.1 0.5 0.5 1.0 4.2 15.0 1.4 2.8 12.5 1.9 7.3 1.8 6.5 1.2 7.8 5.7 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 OR BY IN BOSTON MAY 39.2 33.1 JUN 23,8 JUL RICHMOND ATLANTA 40.0 35.2 48.7 33.2 38.7 23.9 26.6 20.8 18.7 26.8 26.3 21.1 27.6 36.1 15.5 AUG 0.8 0.3 1.2 0.8 SEP 0.8 0.4 0.3 OCT 3.8 4.9 NOV 0.2 DEC APR OR LATER * 1/ SEE 2/ INCLUDES • DISTRIBUTION) CLEVELAND - MONTH 1973 PHILADELPHIA TOTAL PREVIOUS MINNEAPOLIS ALL DISTRICTS 1974 NOTE APR SINCE ST. LOUIS MATURING 1973 2/ C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS FEDERAL RESERVE DISTRICT AS CD'S 6E TECHNICAL ONLY SALES DETAILS APPENDIX MAY IN NOT ADD TABLE TO CHICAGO A. CERTIFICATES THIS NEW YORK ISSUED ARE TOTALS NOT DUE IN DENOMINATIONS ADJUSTED TO FOR ROUNDING. CD'S OF THAT $100,000 HAVE MORE MATURED. WEEKLY REPORTING BANKS. 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- parable1 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, larfie 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 bv 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.