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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.