The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
-t-'k May 25, 1978 L.4.1 CONFIDENTIAL (FR) \ \S\ SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE WEEKLY REPORTING BANKS as of April 26, 1978 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 1/ M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY REPORTING BANKS AS OF C D ' S M A T U R I N G IN AMOUNT (MILLIONS OF DOLLARS) 26 APR 1978 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE S A L E 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 ) 2,271.6 2.8 2.8 .0 MAY 22,688.8 27.7 30.5 6,639.3 JUNE 14,511.1 17.7 48.2 3,626.7 JULY 10,951.5 13.4 61.6 3,349.5 AUGUST 7,224.6 8.8 70.4 464.9 SEPTEMBER 6,691.6 8.2 76.6 655.6 OCTOBER 7,199.7 6.8 87.4 5,714.6 NOVEMBER 1,054.1 1.3 88.7 128.7 DECEMBER 1 ,562.6 1.9 90.6 119.2 865.0 1.1 91.7 165.4 FEBRUARY 616.8 .6 92.5 25.5 MARCH 779.5 1.0 93.5 107.0 APRIL 809.9 1.0 94.5 652.3 3/ 4,592.3 5.6 100.0 XXX 81,619.3 100.0 XXX 23,648.8 1978 A P R I L 27 - 30 1979 J A N U A R Y OVER 12 M O N T H S TOTAL (MEMORANDUM: J U N E 10 JUNE 15 1,201.2 2,101.0 TAX AND D I V I D E N D M A T U R I T I E S ) 1.5 2.6 1/ I N C L U D E S O N L Y C E R T I F I C A T E S 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 2/ SEE T E C H N I C A L A P P E N D I X A . 3/ S A L E S OF CD'S M A T U R I N G AFTER 11 M O N T H S . XXX XXX ISSUED BY W E E K L Y R E P O R T I N G B A N K S . 33.6 360.9 T A B L E 2A 1/ M A T U R I T Y D I S T R I B U T I O N O F O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T A T N E W Y O R K C I T Y , C H I C A G O , AND A L L O T H E R W E E K L Y R E P O R T I N G B A N K S AS OF 2 6 APR 1976 (IN M I L L I O N S OF D O L L A R S ) NEW YORK CD'S M A T U R I N G IN AMOUNT CITY CHICAGO SALES SINCE PREVIOUS MONTH AMOUNT SALES SINCE PREVIOUS MONTH 2/ OTHER WEEKLY REPORTING AMOUNT 2/ .0 285.4 .0 1,644.7 .0 MAY 6,186.3 1,774.5 2,923.0 1,158.7 13,578.4 5,704.9 JUNE 4,209.9 755.8 1,449.9 486.9 8,850.5 2,383.1 JULY 3,462.6 698.8 1,374.2 585.6 6,114.7 2,065.2 AUGUST 2,577.7 105.3 947.6 55.8 3,699.3 303.8 SEPTEMBER 2,644.3 174.6 666 .6 24.9 3,360.7 456.1 OCTOBER 2,877.8 2,598.6 1,045.0 687.4 3,277.0 2,428.7 NOVEMBER 151.2 14.7 61.5 13.8 841.3 100.1 DECEMBER 407.5 15.2 191.1 27.2 964.0 76.7 186.8 56.3 67.5 30.9 610.7 76.3 170.2 .0 34.1 4.5 412.5 20.9 MARCH 76.2 7.3 55.0 2.4 648.3 97.2 APRIL 145.1 2 7 - APR 30 1979 J A N U A R Y FEBRUARY OVER 12 M O N T H S TOTAL N U M B E R OF * REPORTING 121.0 /3 832 .4 XXX 2,300.8 XXX 24,896.4 6,322.1 10,162.6 3,241.4 46,758.4 14,083.0 BANKS 318.6 413.7 2/ SEE TECHNICAL CERTIFICATES TAX A N D D I V I D E N D M A T U R I T I E S ) 54.5 56.4 47.5 52.2 112.8 237.9 IN D E N O M I N A T I O N O F $ 1 0 0 , 0 0 0 OR M O R E 769.8 1,449.4 135.8 252.3 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 . APPENDIX A. 3 / S A L E S OF C D ' S M A T U R I N G A F T E R T O T A L S M A Y NOT 2 14 11 10 2/ 368.0 /3 XXX J U N E 10 JUNE 15 ONLY 455.5 1,459.1 (MEMORANDUMS 1/ I N C L U D E S 163.3 / 3 209.3 BANKS SALES SINCE PREVIOUS MONTH 341.7 1 9 7 8 APR * ALL 11 M O N T H S . t ADD D U E TO R O U N D I N G . http://fraser.stlouisfed.org/ FederalE Reserve Bank of St.E Louis # E • • # # • # ' • • • S # • • • # # T A B L E 2B 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 CF NEW YORK C I T Y , C H I C A G O , AND AS O F 2 6 APR ALL O T H E R WEEKLY 1 9 7 8 AND 2 9 MAR REPORTING OE^UBLT AT BANKS 1978 (PERCENTAGE DISTRIBUTION) NEW •s MATURING IN 29 MAR 26 APR ALL CHLUTUL YORK C I T Y 2T> APR OTHER 2 6 APR 29 M A R 29 MAR 1.4 2.5 2.8 1.5 3.5 3.2 01 M O N T H S 3 / 24.6 23.8 28.8 30.3 29.0 31.9 02 M O N T H S 16.9 17.8 14.3 18.1 18. 9 16.5 03 MONTHS 13.9 14.0 13.5 9.9 13.1 13.5 04 M O N T H S 10.4 11.2 9.3 8.1 7.9 8.5 05 M O N T H S 10.6 10.0 6.8 9.2 7.2 7.1 06 M O N T H S 11.6 10.0 10.3 6.8 7.0 6.1 07 MONTHS .6 1.1 .6 3.7 1.8 L.TI 06 M O N T H S 1.6 .6 1.9 .5 2.1 1.6 09 M O N T H S .6 1.6 .7 1.7 1.3 1.9 10 M O N T H S .7 .5 .3 .4 .9 1.1 11 M O N T H S •3 .7 .5 .3 1.4 .8 12 M O N T H S .6 .3 2.1 .5 1.0 1.2 5.9 6.0 8.2 9.0 4.9 5.0 100.0 100.0 100.0 100.0 100.0 100.0 0-6 OVER D A Y S 2/ 12 M O N T H S TOTAL * 1/ INCLUDES ONLY CERTIFICATES IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY W E E K L Y R E P O R T I N G BANKS. 2 / N U M B E R OF D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S P E R I O D V A R I E S F O L L O W I N G THE L A S T W E D N E S D A Y OF THE M O N T H . 3 / NUMBER * O F M O N T H S F O L L O W I N G THE T O T A L S M A Y NOT SURVEY MONTH. A D D D U E TO R O U N D I N G . WITH THE NUMBER OF DAYS • • • TABLE 2C 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 OF D E P O S I T AT N E W YORK CITY , C H I C A G O , AND ALL OTHER WEEKLY R E P O R T I N G B A N K S AS OF 26 APR 1978 AND 29 MAR 1978 (CUMULATIVE D I S T R I B U T I O N ) MATURING IN 26 APR 29 MAR ALL OTHER CHICAGO NEW YORK C I T Y 2 6 APR 29 MAR 26 APR 29 MAR 1.4 2.5 2.6 1.5 3.5 3.2 01 M O N T H S 3 / 26.2 26.3 31.6 31.8 32.5 35.1 02 M O N T H S 43.1 44.1 45.9 49.9 51.4 51.6 03 M O N T H S 57.0 58.1 59.4 59.6 64.5 65.1 04 MONTHS 67»4 69.3 68.7 67.9 72. 4 73.6 05 M O N T H S 76.0 79.3 75.5 77.1 79.6 60.7 04 M O N T H S 89.6 89.3 85.6 S3.9 66.6 86.8 07 M O N T H S 90.2 90.4 86.4 87.6 88.4 88.6 08 M O N T H S 91 , 8 91.0 88.3 86.1 90.5 90.2 09 MONTHS 92.6 92.6 69.0 89.6 91.8 92. 1 10 M O N T H S 93.3 93.1 69.3 90.2 92.7 93.2 11 M O N T H S 93.6 93.8 89.8 90.5 94.1 94.0 12 M O N T H S 94.2 94.1 91.9 91.0 95.1 95.2 100.0 100.0 100.0 100.0 100.0 100.0 6 D A Y S 2/ ER 12 M O N T H S 1/ I N C L U D E S ONLY 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 BANKS. ISSUED BY W E E K L Y R E P O R T I N G 2 / N U M B E R OF D A Y S R E M A I N I N G IN SURVEY M O N T H . THIS P E R I O D V A R I E S WITH THE NUMBER F O L L O W I N G THE LAST W E D N E S D A Y OF THE M O N T H . 3 / NUMBER OF M O N T H S F O L L O W I N G THE SURVEY M O N T H . OF DAYS e e TABLE 3A e • e # * # # MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE OF BANKS AS OF 26 APR 1978 (AMOUNTS IN MILLIONS OF DOLLARS) # 1/ $5 bILLlON AND OVER CD'S MATURING IN TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 BILLION TO $5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YTRK CITY 2,271.7 142.7 333.1 819.1 97o.8 277.3 699.5 MAY 22,688.8 1,351 .4 2,650.2 7,36o.4 11,320.8 5,47 6.5 5,844.3 JUNE 14,511.2 752.7 1,470.5 4,42b.9 7,859.1 3,652.5 4,006 .6 JULY 10,951.b 572.8 992.2 3,012.5 6,374.1 3,254.6 3,119.5 AUGUST 7,224.7 246.5 643.1 1,809.5 4,525.6 2,311.6 2,2 14.0 SEPTEMBER 6,691.7 245.3 499.2 1,680.2 4,267.0 2,450.6 1,816.4 OCTOBER 7,199.8 178.0 408.4 1,5v2 .0 5,021.4 2,704.4 2,317.0 NOVEMBER 1,054.1 69.7 144.1 4>0.0 340.3 139.3 201.0 DECEMBER 1,562.7 72.9 183.6 5 I4 .5 791.7 J>88.G 403.7 865.0 62.6 134.1 302.9 365.4 179.2 166.2 FEBRUARY 616.7 41.1 103.0 210.8 261.8 166.2 95.6 MARCH 779.5 50.0 91.3 416.1 222 .1 68.8 153.3 APRIL 809.9 39.9 70.7 261.3 438 .0 140.4 297.6 4,592.2 124.3 148.7 817.3 3,501.9 1,443.9 2,056.0 81,819.6 3,949.9 7,922.2 23,681.5 46,266.0 22,853.3 23,412.7 1978 APR 27-30 1979 JANUARY MAY OR LATER TOTAL * i MP MfiD A Kin MM* T A Y A MPi HT \/ 1 HF Mfl MATlfDTTirCl — — . JUNE 10 1,201.1 44.9 104.0 422.8 629.4 296.8 332.6 JUNE 15 2,101.1 70.5 124.0 584.7 1,321.9 335.9 986.0 17 7 10 Ml iMt* E. DUrn CDAININS Ci AMU/C \ INUnbtK (MEMORANDUM: 236 72 64 83 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $1001,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. TOTALS MAY NOT ADD DUE TO ROUNDING. . * TABLE 3B S A L E S / I / OF N E G O T I A B L E TIME C E R T I F I C A T E S 1 DF D E P O S I T SINCE P R E V I O U S M O N T H 2/ AT W E E K L Y R E P O R T I N G B A N K S BY SIZE OF BANKS 3 / AS OF 26 APR 197B (AMOUNTS IN M I L L I O N S OF D O L L A R S ) $5 B I L L I O N AND OVER CD'S MATURING 1978 APR IN TOTAL $500 MILLION AND UNDER $500 M I L L I O N TO $1 B I L L I O N TOTAL N E W YORK CITY OUTSIDE NEW YORK CITY 27-30 MAY 8,639.2 623.2 1,167.6 3,187.5 3,660.7 1,410.5 2,250.2 JUNE 3,626.8 178.6 414.8 1,152.4 1,881.0 661.2 1,219.6 JULY 3,349.6 254.3 403.9 IF 168.5 1,522.9 605.5 917.4 AUGUST 465.1 56.9 56.2 170.7 161.3 70.2 111.1 SEPTEMBER 655.7 27.9 74.9 174.9 378.0 152.2 225.8 5,714.8 104.2 250.3 1,145.2 4,215.1 2,442.5 1,772.6 OCTOBER NOVEMBER 1 ?8 . 7 8.3 21.1 43.2 56.1 14.3 41.8 DECEMBER 119.? 5.6 12.4 48.2 53.0 12,4 40 * 165.4 5.9 17.3 45.8 96.4 56.0 40.4 25.4 0.5 2.7 13.7 8.5 0.0 0.5 MARCH 106.9 20.2 10.7 36.3 39.7 7.4 .3 APRIL OK ! AT[P 652,2 37 .4 62.6 235.3 316,S 116.3 23,649.0 1,323.0 2,494.7 7,421.7 12,409.6 5,548.5 1979 J A N U A R Y FEBRUARY TOTAL * — JUNE 10 JUNE 15 33.9360.9 jnCnUnMINUUn* 236 26.4 83.8 6.5 47.5 64 156.1- 49.5 205.6- 106.9 200.0 36.4 163.6 83 17 7 10 i>iunu SEE T E C H N I C A L 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 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 . TOTAL ASSETS 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 O N J U N E 3 0 , 1 9 7 5 . T O T A L S MAY N O T ADD DUE TO R O U N D I N G . 6,861.1 ' 12.0 72 D 00 . 6 UITIIDTTTCC TAX ,T KIN NRIMNCDIN *IUCI»U I1MIUIM 1 ICO I f MC MHO AKLHI ilul • 1/ 2/ 3/ * $1 B I L L I O N TO $5 B I L L I O N • E TABLE E 3C # MATURITY # E E # # 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 CF D E P O S I T AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2 / AS OF 2 6 APR 1 9 7 8 PERCENTAGE DISTRIBUTION 1/ S>5 B I L L I O N CD'S MATURING 1978 A P R IN 27-30 TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 B I L L I O N TO $5 B I L L I O N TC TAl 2. 1 • NEW YCRK CITY AND OVER OUTSIDE NEW YCRK CITY l.c 3.0 24.5 24.0 25.0 18.7 17.0 16.9 17.1 12.5 12.7 13.8 14.2 13.3 6.2 8.1 7.6 9.6 10.1 9.5 £ .0 3.6 4.2 3.5 MAY 27.7 34.2 33.5 31.1 JUNE 17.7 19.1 18.6 JULY 13.4 14.5 6.2 6.3 7.1 9.2 10.7 7.8 OCTOBER 8.6 6.2 8.fc 4.5 5.2 6.7 10.9 11.8 9.9 NOVEMBER 1.3 1.8 2.5 1.9 0.7 0.6 0.9 DECEMBER 1.9 1.8 2.3 2.2 1.7 1.7 1.7 1.1 1.6 1.7 1.3 0.8 0.8 0.6 FEBRUARY 0.8 1 .0 1.3 0.9 0.6 0.7 0.4 MARCH 1.0 1.? 1.6 0.5 0.3 0.7 APRIL 1.0 1 .0 0.9 1.1 0.9 0.6 1 .3 MAY OR 5.6 3.1 1.9 3.5 7.6 6.3 8.8 100.0 100.0 100.0 100.0 100.0 AUGUST SEPTEMBER 1979 J A N U A R Y LATER TOTAL * ,1-3 — (MEMORANDUM: TAX AND D I V I D E N D M A T U R I T I E S ) 100.0 100.0 — JUNE 10 1.5 1.1 1.3 1.6 1.4 1.3 1 .4 JUNE 15 2.6 1.6 1.6 2.5 2.9 1.5 4.2 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 2 / TOTAL ASSETS A S R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N ON J U N E 3 0 , 1 9 7 5 . * T O T A L S M A Y N O T A D D DUE T O R O U N D I N G . BANKS. • MATURITY TABLE 3D D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T AT WEEKLY R E P O R T I N G BANKS BY SIZE OF B A N K S 2 / AS OF 26 APR 1978 CUMULATIVE PERCENTAGE 1/ $5 B I L L I O N CD'S M A T U R I N G IN TOTAL $500 MILLION AND U N D E R $500 MILLION TO $1 B I L L I O N $1 B I L L I O N TO $5 B I L L I O N TOTAL NEW YORK CITY 2.6 3.6 4.2 3.5 MAY 30.5 37.8 37.7 34.6 JUNE 48.2 56.9 56.3 JULY 61.6 71.4 AUGUST 70.4 SEPTEMBER 2. 1 A N D OVER OUTSIDE NEW YORK CITY 1.2 3.0 26.6 25.2 28.0 53.3 43.6 42.1 45 .1 66.6 66.0 57.4 56.3 5B .4 77.6 76.9 73.6 67.2 66. 4 67.9 76.6 83.8 83.2 80.7 76.4 77.1 75.7 OCTOBER 87.4 88.3 88.4 87.4 67.3 88.9 65.6 NOVEMBER 86.7 90.1 90.9 99.3 86.0 89.5 66.5 DECEMBER Q0.6 91 .9 93.2 91.5 69.7 91.2 66.2 91.,' 93.5 94.9 92.8 90.5 92.0 P9 . 0 FEBRUARY 92.5 94.5 96.2 93.7 91* 1 92.7 89.4 MARCH 93.5 95.8 97.4 95.5 91.6 93.0 90. 1 APRIL 94.5 96.8 98.3 96.6 92.5 93.6 91 .4 100.0 100.0 100.0 100.0 100.0 100.0 100,0 1978 APR 27-30 1*79 J A N U A R Y MAY OR LATER 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 $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY W E E K L Y R E P O R T I N G B A N K S . 2 / TOTAL ASSETS 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 JUNE 30, 1975. * TOTALS MAY N O T ADD DUE TO K O U N D I N G . SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 26 APR 1978 PERCENTAGE DISTRIBUTION TABLE 3c lb bILL I ON AND OVER CD'S MATURING IN 1978 APR TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 BILLION TO $5 BILLION TC'TAL CUTS IDE NEW YORK CITY NfcW YORK CITY 27-30 MAY 36.5 47.1 46.8 42.9 29.5 25.4 32.8 JUNE 15.3 13.5 16.6 15.5 15.2 11.9 17.8 JULY 14.2 19.2 16.2 15.7 12.3 i0.9 13.4 4.3 2.3 2.3 1.5 1.3 1 .6 2.1 3.0 2.4 3.0 2.7 3.3 24.2 7.9 10.0 15.4 34.0 44.0 25.8 NOVEMBER 0.5 0.6 0.8 0.6 0.5 0.3 0.6 DECEMBER 0.5 0.4 0.5 0.6 0.4 0.2 0.6 0.7 0.4 0.7 0.6 0.8 1.0 0.6 FEBRUARY 0.1 0.0 0.1 0.2 0.1 0.0 0.1 MARCH 0.5 1.5 0.4 0.5 0.3 0.1 0.5 APRIL OR LATER 2.8 2.6 2.5 3.2 2.6 2.1 2.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 AUGUST SEPTEMBER OCTOBER 1979 JANUARY TOTAL * 2.0 2.8 (MEMORANDUM: TAX AND DIVIDEND MATURITIES) JUNE 10 0.1- 0.9 1.1 1.1 1.3- 0.9 3.0- JUNE 15 1.5 0.5 1.9 1.4 1.6 0.7 2.4 (MEMORANDUM : 236 1/ 2/ 3/ * 72 64 NUMBER OF BANKS) 83 17 SEE TECHNICAL APPENDIX A. INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MOKE ISSUED BY WttKLY REPORTING BANKS. TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. TOTALS MAY NOT ADD DUE TO ROUNDING. 10 T A B L E 4A AVERAGE MATURITY OF OUTSTANDING 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 1/ REPORTING BANKS AT V A R I O U S S U R V E Y D A T E S (IN M O N T H S ) D A T E OF S U R V E Y BANK C L A S S I F I C A T I O N 2 6 APR 1976 29 MAR 1978 22 FEB 1978 (BY L O C A T I O N ) ALL REPORTING ISSUING BANKS 3.3 3.2 3,3 3.5 3.3 3.3 CHICAGO 3.6 3.5 3„7 OTHER 3.2 3.1 3,2 NEW CD'S YORK C I T Y (BY UNDER $500 MILLION 2.8 2.9 $500-$11000 MILLION 2 .8 2.6 2.9 $ 1 1 0 0 0 - $ 5 ,000 M I L L I O N 3.1 3.0 2.9 OVER 3.6 3.4 3.6 3.5 3.4 3.4 3.7 3.4 3.8 $5 B I L L I O N OUTSIDE 1/ INCLUDES CERTIFICATES 2/ TOTAL http://fraser.stlouisfed.org/ Federal•Reserve Bank of St.•Louis BANK) 2/ 2.8 IN NEW ASSETS SIZE OF NEW Y O R K CITY 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 AS R E P O R T E D # YORK C I T Y IN THE C A L L e I S S U E D BY W E E K L Y R E P O R T I N G R E P O R T OF C O N D I T I O N O N e BANKS. JUNE 3 0 , 1 9 7 5 . e e # # e • • • e e # e e TABLE 46 AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS) DATE OF SURVEY BANK CLASSIFICATION 26 APR 1978 29 MAR 1978 22 FEB 1*76 (BY LOCATION) ALL REPORTING BANKS ISSUING CD'S 2.9 2 .9 2.8 NEW YORK CITY 3.5 3.5 3.5 uHICAGO 3.0 2.7 2.6 OTHER 2.6 2.7 2 .6 (BY SIZE OF BANK) 2/ UNDER $500 MILLION 2.3 2 .4 2.3 $500-$!,000 MILLION 2.3 2.6 2.6 $ 1,000-$ 5,000 MILLION 2.6 2.9 2.5 OVER $5 BILLION 3.3 3.0 3.3 IN NEW YORK CITY 3.7 3,8 3.7 OUTSIDE NEW YORK CITY 3.1 2.5 2.9 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED bY WEEKLY REPORTING BANKS 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. N O T E — S E E TECHNICAL APPENDIX B. # • . t TABLE 5 A RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES (PER CENT) DATE OF SURVEY TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) 26 APR 1978 29 MAR 1978 22 FEB 1978 ALL BANKS ISSUING CD'S 19.9 20.3 18.9 UNDER 500 15.5 15.9 15.5 500 - 1000 16.8 17.2 16.3 1000 - 5000 16.3 16.7 15.7 OVER 5000 23.9 24.4 <2.4 IN NEW YORK CITY 26.6 26.8 25.4 OUTSIDE NEW YORK CITY 21.8 22.5 19.9 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORT TNG BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5B RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF 26 APR 1978 (NUMBER OF BANKS) TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) 5% OR LESS 5 TO 10% 15 TO 10 TO 15% 204 20 TO 25% 15% OR MORE AVERAGE CD TO DEPOSIT RATIO (Pirk CENT) ALL BANKS ISSUING CD'S 34 29 48 43 35 47 19.9 UNDER 500 11 10 16 14 12 9 15.b 500 - 1000 11 9 12 9 9 14 16.& 1000 - 5 0C3 12 10 17 17 11 16 16.3 0 0 2 3 3 8 23.9 IN NEW YORK CITY 0 0 0 2 1 4 26.6 OUTSIDE NEW YORK CITY 0 0 3 1 2 4 21.6 OVER 5000 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5C PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CEKTIFICATE OF DEPOSIT /I 29 MAR 1976 TC 26 APR 1976 (NUMBER OF BANKS) TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) REDUCED CD'S TO ZERO DECLINES OF — — 10% OR 5 TO 5% OR MORE 10% LESS INCREASES OF 5 TO 10% 10% OR MORE ISSUED CD'S BUT HAD NONE OUTSTAND1NG ON BASE DATE NO CHANGE 5% OR LESS 3 67 20 30 1 2 20 9 12 1 ALL BANKS ISSUING CD'S 0 25 33 57 UNDER 0 6 9 11 500 - 1000 0 9 11 19 0 16 1 6 0 1000 - 5000 0 7 12 21 1 28 6 8 0 f,VFP 5000 0 1 r. 3 4 ? 0 !N NEW YORK CITY 0 0 0 1 1 1 0 OUTSIDE NEW YORK CITY 0 1 0 2 500 1 6 1 0 3 3 • 3 1 0 1/ INCLUDE S CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKb. 7/ TOTAL NOTE~ ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY. # # # # # # # # e • TABLE 5D PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE CP DEPOSIT /I 25 JAN 1978 TO 26 APR 1978 (NUMBER OF BANKS) TOTAL DEPOSITS /2 (IN MILLIONS OF DOLLARS) REDUCEO » — —.ww w CD'S 25% 20 TO OR TO ZERO MORE 25% DECLINES OF i—. w — 15 10 TO TO 20% 15% 5 TO 10% 5% OR LESS NO CHANGE 5% OR LESL INCRtASt OF ——— —. — w -V w- —• 5 10 15 TO TO TO 10% 15% <0% w— «-»•— — —»*— — —20 25% TO OR 25% MORE ISSUED ^ Q I ^ BUT H A 0 NONE OUTSTANDING ON BASE DATE ALL BANKS ISSUING CD'S 0 8 2 6 11 20 30 2 34 22 20 14 24 40 1 UNDER 500 0 3 1 3 3 4 11 2 8 5 3 5 11 12 1 500 - 1000 0 2 0 2 3 8 7 0 9 4 6 4 2 17 0 1000 ~ 5000 0 3 1 3 5 7 8 0 14 9 9 5 10 9 0 OVER 5000 0 0 0 0 0 1 4 0 3 4 2 0 1 2 0 IN NEW YORK CITY 0 0 0 0 0 1 2 0 2 1 1 0 OUTSIDE NEW YORK CITY 0 0 0 0 0 0 2 0 1 3 1 0 0 0 1 0 2 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30t 1975. THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. 0 . t TABLE 5E CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 29 MAR 1978 TO 26 APR 1976 (NUMBER OF BANKS) DECLINES OF TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) 3% AND OVER 2 TO 3% 1 TO 2% 1NCREAS ES OF 1% AND LESS NO CHANGE 1% AND LESS ALL BANKS ISSUING CD'S 7 8 20 81 3 71 UNDER 500 2 2 6 18 2 22 500 - 1000 1 3 6 29 0 18 1000 - 5000 3 3 6 29 1 OVER 5000 1 C 2 5 IN NEW YORK CITY 0 0 1 OUTSIDE NEW YORK CITY 1 0 1 1 TO 2% 3% AND OVER 2 TO 3% 22 11 12 5 5 1 3 3 29 7 3 7. 0 2 5 0 2 3 0 1 1 0 1 2 0 1 4 0 1 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. # e e # # e e e # e TABLE 5F CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 25 JAN 1978 TO 26 APR 1976 (NUMBER OF BANKS) DECLINES OF TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) 5% AND OVER 4 TO 5% 3 TO 4% INCREASES OF 1 2 TO 3% ALL BANKS ISSUING CD'S 1% AND LESS TO 2% 10 19 42 NO CHANGE 1 1% AND UNDER TO 2% 3 TO TO 3Z 4% 40 37 22 UNDER 500 1 1 3 1 6 14 2 12 9 6 500 - 1000 0 1 1 2 5 13 0 11 9 6 1000 - 5000 0 2 1 6 6 13 0 16 14 10 OVER 5000 0 0 0 1 2 2 0 1 IN NEW YORK CITY 0 0 0 1 0 2 0 0 2 0 OUTSIDE NEW YORK CITY 0 0 0 0 2 0 0 1 3 0 5 23 0 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. 4 TC 5% 5% AND OVER 15 . e TABLE 6A MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 2 6 APR 1/ 1978 (AMOUNTS IN MILLIONS OF DOLLARS) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 528.1 39.1 20.6 62.1 221.0 575.7 657.2 3638.6 331.1 263.1 769.2 1678.3 3777.3 454.0 552 .5 2235.4 250.C 160.5 434.8 1037,0 2 924.0 616.0 369.2 435.5 1699.0 154.4 77.1 282.6 636.6 1950.3 262.0 350.7 162.7 297.6 1157.6 79.4 67.1 147.6 467.8 1319.9 2736.0 161.7 428.9 152.4 232.8 886.5 62.5 106.9 121.6 554.1 1103.6 2 966 . 6 162.2 392.6 145.9 263.9 1208.9 65.3 59.7 92.1 342.8 1331.3 171.4 66.8 90.0 64.4 67.8 140.0 16.9 6.1 54.0 126.2 175.0 65.1 467.0 48.8 59.1 56.0 74.6 252.0 24.4 16.2 41.1 161.6 296.5 865.0 29.7 222.2 46.3 43.7 41.6 51.6 106.2 20.2 7.8 41.3 93.4 158.6 FEB 616.9 14.1 182.8 24.2 31.8 26.7 40.4 62.2 16.9 9.4 20.2 50.2 132.0 MAR 779.4 13.2 93.1 21.7 33.3 41.6 31.4 111.2 15.1 95.0 23.3 142. 1 158,4 APR 809.8 31.4 164.4 13.4 68.0 31.9 30.2 232 .4 13.4 38.6 25.3 54.3 106.5 4592.3 255.0 1463.9 87.9 302.1 24.1 111.5 921.6 31.2 34.9 64.6 274.4 1001.1 2933.4 27207.8 3117.6 4286.7 2422.4 3130.7 13361.7 1119.9 985.0 2180.0 ALL DISTRICTS BOSTON 2271.8 66.2 MAY 22 667.8 983.7 JUN 14510.2 JUL CD'S MATURING IN PHILADELPHIA CLEVELAND 72.4 107.5 6&.0 77.5 7191.6 1137.8 1074.0 7 65.9 518.3 4677.1 575.8 690.6 10951.6 371.2 3747.1 412.6 AUG 7224.5 223.3 2686.6 SEP 6691.6 142.4 OCT 7199.9 148.2 NOV 1054.2 71.6 DEC 1562.6 1979 JAN 1978 APR 27-APR 30 MAY OR LATER TOTAL * 81817.6 NEW YORK 41 5 .6 RICHMOND ATLANTA CHICAGO 6040.0 15010.4 AVERAGE MATURITY IN MONTHS 2/ 3.3 3.3 3.3 2.7 3.6 2.8 3.2 3.4 2.9 4.0 2.8 3.3 3.4 NUMBER OF REPORTING BANKS 235 13 36 10 15 19 22 35 11 5 17 23 29 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS• 2/ SEE TECHNICAL APPENDIX B. * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. # # # # # # # # # # TABLE 6B 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 26 APR 1976 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS BOSTON MAY 6636.3 418.1 JUN 3625.9 JUL CD'S MATURING IN SAN FRANCISCO CHICAGO SI. LOUIS MINNEAPOLIS KANSAS CITY 266.0 1540.4 136.3 102.6 365.1 672, 1566.7 121.6 121.6 620.3 52.5 22.4 162.5 248. 642.4 173.3 165.0 160.2 735.8 72.6 29.9 141.1 291, 403.2 18.5 29.4 24.0 15.1 94.6 12.9 6.4 29.6 38, 46.0 185.7 25.2 74.5 29.0 35.0 47.0 4.6 15.9 16.6 35, 173.9 103.6 2641.5 106.0 311.2 98.7 182.4 795.2 34.6 45.0 42.7 195, 1156.5 126.7 17.4 16.5 2.9 6.1 12.0 4.3 26.8 0.4 0.3 1.5 9. 27.4 DEC 119.1 2.7 19.6 3.0 6.0 9.6 0.9 31.9 6.9 0.7 0.5 13, 23.5 1979 JAN 165.5 6.5 58.6 2.9 3.4 12.1 4.4 38.2 4.4 0.4 2.5 5, 26.2 FEB 25.5 0.2 0.6 0.5 0.2 0.0 0.6 4.6 0.2 5.0 0.6 1. 11.7 MAR 106.9 1.9 9.3 0.0 2.9 6.1 6.2 8.4 6.6 1.4 1.6 17. 42.9 APR OR LATER 652.4 30.9 140.7 9.6 38.6 27.9 33.3 169.1 8.7 42.6 24.7 45. 60.7 23647.1 893.5 7310.7 1145.6 1215.9 758.9 830.0 4132.3 340.9 272.6 791.2 2.9 2.3 3.2 1.9 3.0 2.9 3.0 2.9 2.6 4.0 2.0 RICHMOND ATLANTA PHI LADELPHIA CLEVtLAND 2333.6 545.1 441 .0 250.7 149.6 904.6 2 52.4 127.1 3349.7 136.9 863.1 177.5 AUG 464.9 14.6 134.7 SEP 655.6 11.1 OCT 5714.6 NOV TOTAL * AVERAGE MATURITY IN MONTHS 3/ NEW YORK 1/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. 3/ SEE TECHNICAL APPENDIX B. * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. DALLAS 1574 2.5 4381.1 2.9 TABLE 6C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 26 APR 1978 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL D1STRICTS ST. LOUIS MINNEAPOL IS KANSAS CITY DALLAS SAN FRANCISCO BOSTON 2.6 2.3 3.9 3.5 2.1 2.8 3.7 3.8 MAY 27.7 27.4 28.7 29.6 28.7 35.3 27.8 25.2 JUN 18.7 17.6 16.7 22.3 16.3 19.9 17.2 19.5 14.4 15.2 13.9 12.7 13.6 7.8 13.0 13.9 13.0 8.4 8.2 6.7 9.5 8.7 7.1 6.8 6.6 7.7 8.8 10.1 5.2 10.0 6.3 7.4 6.6 5.6 10.9 5.6 9.2 7.4 5.1 10.9 5.8 9.2 6.0 8.4 9.0 5.8 6.1 4.2 5.7 8.9 1.3 2.4 0.6 2.2 2.1 2.7 2.2 1.0 1.5 0.8 2.5 2.1 1.2 DEC 1.9 2.2 1.7 1.6 1.4 2.3 2.4 1.9 2.2 1.6 1.9 2.7 2.0 1979 JAN 1.1 1.0 0.6 1.5 1.0 1.7 1.7 0.8 1.8 0.8 1.9 1 .5 1.1 FEB 0.8 0.5 0.7 0.6 0.7 1.1 1.5 0.5 1.5 1.0 0.9 0.6 0.9 MAR 1.0 0.4 0.3 0.7 0.8 1.7 1 .0 0.8 1.3 9.6 1.1 2.4 1 .1 APR 1.0 1.1 0.6 0.4 1.6 1.3 1.0 1.7 1.2 3.9 1.2 0.9 0.7 MAY OR LATER 5.6 8.7 5.5 2.8 7.0 1.0 3.6 6.9 2.8 3.5 3.0 4.5 6.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHI LADELPHIA CLEVELAND 1.5 2.3 2.5 3.6 2.5 33.5 26.4 36.5 25.0 31.6 17.7 17.7 17.2 18.5 16.1 JUL 13.4 12 .7 13.8 13.2 AUG 8.8 7.6 9.9 SEP 8.2 4.9 OCT 8.8 NOV 1976 APR 27- APR 30 TOTAL * NEW YORK RICHMONO ATLANTA CHICAGO 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS CF $100,000 OR MORE BY WEEKLY REPORTING BANKS. TABLE 60 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 AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T AS OF 26 APR (CUMULATIVE CD'S MATURING 1976 1979 IN / ALL DISTRICTS BOSTON 2. 6 2.3 MAY 30.5 JUN C E R T I F I C A T E S OF D E P O S I T 1/ 1978 PERCENTAGE) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 3.9 3.5 2.1 2.8 3.7 3.6 29.9 32.6 33.1 30.6 38.1 31.5 29.0 53.9 47.5 49.3 55.4 47.1 58.0 46.7 46.5 58.0 69.1 61.4 62.0 69.2 54.9 71,0 62.6 61.5 78.9 66.2 75.8 70.9 70.7 76.3 61.7 77.6 70.3 70,3 76.9 64. 1 76.2 82.1 78.3 77.3 61.9 72.6 83.4 79.5 77.7 83.8 89.8 89.9 85.4 68.1 66.7 66.3 67.7 78.7 67.6 65.2 66 .6 88.7 86.2 90.4 92. 1 87.5 90.8 88.9 87.3 89.2 79.5 90.1 67,3 87.6 DEC 90 . 6 86.4 92.1 93.7 66.9 93.1 91.3 69.2 91.4 81.1 92.0 90.0 89.8 JAN 91.7 89.4 92.9 95.2 69.9 94.8 93.0 90.0 93.2 61.9 93.9 91.5 90.9 FEB 92.5 69.9 93.6 96.0 90.6 95.9 94.5 90 . 5 94.7 62.9 94.8 92.3 91.8 MAR 93.5 90.3 93.9 96.7 91.4 97.6 95.5 91.3 96.0 92.5 95.9 94.7 92.9 APR 94.5 91.4 94.5 97.1 93. G 98.9 96.5 93.0 97.2 96.4 97.1 95.6 93.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 1.5 2.3 2.5 3.6 2.5 35.8 27.9 36.8 27.5 35.2 46.2 53.5 45.1 57.3 43.6 JUL 61.6 66.2 56.9 70.5 AUG 70.4 73.8 66.8 SEP 76.6 78.7 OCT 87.4 NOV APR 27-APR MAY OR 30 LATER 1/ I N C L U D E S O N L Y CERTIFICATES ISSUED NEW YORK IN D E N O M I N A T I O N S RICHMOND ATLANTA CHICAGO OF $ 1 0 0 * 0 0 0 OR M O R E BY W E E K L Y R E P O R T I N G B A N K S . TABLE 66 1/ 2/ SALES OF N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T SINCE P R E V I O U S M O N T H WEEKLY REPORTING BANKS BY FEDERAL R E S E R V E DISTRICT AS OF 26 APR 1976 (PERCENTAGE D I S T R I B U T I O N ) C D ' S MATURING IN ALL DISTRICTS BOSTON MAY 36.5 46.8 JUN 15.3 JUL ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 37.3 40.0 37.6 46.1 42.7 35.8 14.7 15.0 15.4 8.2 20.5 15.8 19.2 21.7 19.3 17.6 21.3 11.0 17,6 16.5 9.2 2.4 3.2 1.8 2.3 3.8 2.3 3.8 2.5 1.0 2.2 6.1 3.6 4.2 1.1 1.3 5.6 2.4 2.2 4.0 36.1 9.4 25.6 13.0 22.0 19.2 10.2 16.5 5.4 12.4 26.4 1.9 0.3 0.3 0.7 1.6 0.5 0.6 0.1 0.1 0.2 0.6 0.6 0.5 0.3 0.3 0.3 0.5 1.3 0.1 0.6 2.0 0.3 p.l 0.9 0.5 1979 JAN 0.7 0.7 0.6 0.3 0.3 1.6 0.5 0.9 1.3 0.1 0.3 0.4 0.6 Feb 0.1 0.0 0.0 0.0 0.0 0 .0 0.1 0.1 0.1 1.6 0.1 0.1 0.3 MAR 0.5 0.2 0.1 0.0 0.2 1.1 0.7 0.2 1.9 0.5 0.2 1.1 1 .0 APR OR LATER 2.6 3.5 1.9 0.8 3.2 3.7 4.0 4.6 2 .6 15.6 3.1 2.9 1.4 100.0 100.0 100.0 100.G 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 31.9 47.6 36.3 33.0 32.0 16.7 12.4 22.0 10.5 16.0 14.2 15.3 11.8 15.5 14.3 AUG 2.0 1.6 1.6 1.6 SEP 2.6 1.2 2.5 OCT 24.2 11.6 NOV 0.5 DEC TOTAL * 1/ SEE T E C H N I C A L APPENDIX 2/ CERTIFICATES INCLUDES ONLY N O T E - SALES IN THIS TABLE * D E T A I L S MAY NOT NEW YORK RICHMOND ATLANTA CHICAGO A, ISSUED ARE NOT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE BY W E E K L Y R E P O R T I N G B A N K S . ADJUSTED FOR C D ' S THAT H A V E M A T U R E D . ADD TO T O T A L S DUE TO R O U N D I N G . 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 comparable 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 current 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. T e c h n i c a l Note B (continued) This procedure assumes all C D s issued on the most recent survey date, sold between survey dates w e r e While it appears more logical to assume that all CD's w e r e sold a-: the mid-point between the two surveys, such an a s s u m p t i o n would maturities tend of outstandings and c; reduce c o m p a r a b i l i t y b e t w e e n average of sales as a result starting dates for the c a l c u l a t i o n s . of using two different If the a s s u m p t i o n 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 o u t s t a n d i n g s . Sales of CD's maturing in a particular month are often a large and h i g h l y variable proportion of total sales w h i l e changes due in outstandings in any particular month are a small and rather stable proportion of the level of total o u t s t a n d i n g s . As a result, the average m a t u r i t y of sales is much more sensitive to m o n t h - t o - m o n t h v a r i a t i o n in the m a t u r i t y structure of sales than is the case w i t h the outstandings s e r i e s . T h u s , large changes in the calculated average maturity of sales, or situations in w h i c h the average m a t u r i t y of sales differ sharply from the a v e r a g e maturity of outstandings, should be interpreted w i t h care and references should be made to actual dollar sales by m o n t h . Formulas request for calculation of average m a t u r i t i e s are a v a i l a b l e on from the Banking Section, Division of Research and of Governors of the F e d e r a l Reserve System. Statistics, Board
@FedFRASER