View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

May 26, 1977




L.4.1
CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS

as of
April 27, 1977

Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System

|AI>Lt

1

1/
#
1uKitf l i SlRlBullUN OF QUlSlANUlNu NcGiillAtiU TIME CERTIFICATES OF DEPOSIT Ai
wl EKLY Rt i UKTiilG uANKS
AS OF . 1 APK 1* 77
SALfcS i>lNLb
PREVIOUS MONTH 2/
(MILLIONS OF DOLLARS)

AMOUNT
(MILLIONS GDOLLAKS)
2*240.i

S.ti

3.G

.0

It,*38.6

>0.1

33.-

6,776.0

14,,994.0

*97? At*h it

PEKLfcMlAGE
Mi STnltiuT ION

lb. 6

52.5

2,614.3

64. f
)

c , 7^o. 1

* fi —

h Y

CUMULATIVE
PERCENTAGE

7*4*4.9

J O I V

176%* *
»

AtK-USl

72. ti

6.0

472.7

4»326.6

SkPlEMbER

7.3

*0.1

582.*

86.3

2,669.1

ltc,*l. 1

6.2

,4*VtM*Et

95*. i

A.O

87-9

156.b

OtLLMBiK

1,051.O

l.B

69.7

128.8

W %OBtk

9*3.4

1.7

51.4

194.7

FifeROARY

435.2

.?

92.1

26.9

MAKfH

774.9

1.3

93.4,

106.9

H ? e JANUARY

509.5

94.j

*62.2

5.7

100.0

XXX

5*,,223.3

IOIAL

.9

3,377.3

AlAlL
OVtk 12 M m IMS

100.0

XXX

17,317.3

i

!.-

XXX
XXX
i

!

TAX AND DIVIDEND MATURITIES)
m A

JO*t lo
JUNE 16

i P?

1MEMORANDUM :

1/

INCLUObS ONLY CERTIFICATES IN DENOMINATIONS OF SLOO,OUU OR MOKE ISSUED BY WfcEKLY REPORTING BANKS.

*/

SEE TECHNICAL APPENDIX A .

3/

>41 tS OF CD'S MATURING AFTER 11 MONTHS.




167.6
241.4

3/

TABLE 2A
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 27 APR 1977
(IN MILLIONS OF DOLLARS)
NEW YORK CITY
CD e S MATURING IN

AMOUNT

ALL OTHER WEEKLY REPORTING BANKS

CHICAGO

SALES SINCE
PREVIOUS MONTH 2/

AMOUNT

SALES SINCE
PREVIOUS MONTH 2/

AMOUNT

SALES SINCE
PREVIOUS MONTH 2/

>16.9

.0

161.8

.0

1,561.4

•0

MAY

6,109.6

1,607.1

2,275.3

1,191.4

9,453.f>

3,977.6

JUNE

3,985.6

662*5

1,106.1

312.3

5,699.3

1,619.5

JULY

2,093.6

942.6

1,295.2

363.2

3,901.0

1,420.2

AUGUST

1,479.5

78.9

665.3

16.0

2,619.6

377.6

SEPTEMBER

1,5*2.1

222.5

382.6

95.9

2,361.9

264.4

OCTOBER

1,509.7

1,319.9

361.7

206.1

1,609.6

1,1:2.9

NOVEMBER

315.6

4V.9

26.3

3.8

616. 4

103.0

DECEMBER

192.5

24.9

56.5

6.5

800.0

97.4

3 50.6

3.6

96.6

22.1

536.0

169.0
23.8

1977 APR 26 - APR 30

J4f6 UAH

v

45.8

.7

57.1

2.4

292.3

MA KCH

?4v.5

23.7

66.7

8.0

456.7

A»» ||
rf

1?0.8

UVEK 1' HON? H S

f

234.3 /3

106.5 /3

XXX

662.3

XXX

1.750.2

XXX

5,190.6

7,254.4

2,336.2

32,362.6

9,789.8

10

11
IMtMORANDUM:

165.9
691.2

52.9
96.4

212

TAX AND DIVIDEND MATURITIES)
36.6
137.6

9.4
24.3

»/ im.LUDlS UN. * CEiU 1MCATES IN DENOMINATION OF $100,000 OR MOkk ISSUED BY WEEKLY REPORTING BANKS.

V

t

lEfrtflCA

75.3
518.V /3

64.4

!M#Mtit K ?$ m-OHIING BANKS

/

304.7

19,60©.6

Tt.»TAt *

.AJ^L in
* v

33.9

APPENDIX A.

ALt.S Or CD'S MATURING Af-TER 11 MONTHS.

 NO i ADD H f TO I'OOHUi
% •:?. At S MAY


229.4
681.2

1 v5 , 3
120.6

TUBLfc: 28
1/
^?vi. r r

i I S T K I B U 1 1 0 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 CfcRl 1 F 1 C A T E S OF D E P O S I T
IIIU YUKA C1 IY, C H I C A G O , A N D ALL
AS OF

21 APR

1W7

OTHER

AT

WFCCKLV R C P O R T I N G B A N K S

AND 3 0 M A R

1977

(PT-KCENTA&F. D I S T R I B U T I O N )

NEW

VORX L I I Y

2 7 A\rk
ii'-i, DAY<, 2/

CHICAGO

30 MAK

2,6

2 7 APR

2.1

ALL OTHFCK
3U MAR

2.2

2,4
33.6

30 MAR

4.8
29.2

2.4

01 MONTHS _•/

31.2

M *3

UZ H I M T H S

20.3

21.6

15.3

14.6

18.2

16.3

03 MONTHS

10.7

15.6

17.9

10.7

12.1

12.7

0 4 MONT MS

7.5

5.3

9.2

12.5

8.1

7.4

05 MbMTrtS

8.X

7

5.3

8.1

7.3

6.7

fco

31.4

2 7 APR

35.1

06 M U V S H S

7*7

6W5

5.0

3.9

5.6

6.2

07 HOiiTnS

1.6

.9

.4

2.1

1.9

2.0

O c Hu'/IHo
f

1.0

1.3

.6

-3

2.5

1.5

09

m>?4TR»S

L.B

.6

1.3

.7

1.7

2.1

10 M O N T H S

.4

1.7

.8

1.0

.9

1.1

11 M O N T H S

1.3

.4

.9

»7

1.4

.8

12 M O N T H S

.9

1.1

.5

.a

.9

1.1

OVER

12 M O N T H S

TOTAL

*

4.9

4.3

9.1

7.9

5.4

4.6

100.0

100.0

100.0

100.0

100.0

100.0

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF S100,000 OR MORE ISSUED BY WEEKLY REPORTING
BANKS.
2/ NUMBER OF DAYS REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS
FOLLOWING THE LAST WEDNESDAY OF THE MONTH.
3/ NUMBER Of MONTHS FOLLOWING THE SURVEY MONTH.
$ TuTAl.S MAY NOT ADD DUE TO ROUNDING.




TABLE 2C
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 27 APR 1977 AND 30 MAR 1977
(CUMULATIVE DISTRIBUTION)

CD'S MATURING IN

-6 DAYS 2/

NEW YORK CITY
27 APR

30 MAR

CHICAGO
21 APR

ALL OTHfcK
30 MAR

27 APR

30 MAR

2.6

4.1

2.2

2.4

4.8

2.4

01 MONTHS 3/

33.8

33.4

33.6

36.0

34.0

37.5

02 MONTHS

54.1

55.0

48.9

50.6

52.2

53.8

03 MONTHS

6Sr.ll

70.8

66.8

61.3

64. 3

66.5

76.0

73.8

72.4

73.9

04 MONTHS

7*.3

7o. 3

05 MONTHS

80.4

83.0

81.3

82.5

79.7

80.6

06 MONTHS

88.1

89.5

86.3

86.4

85.3

66.8

07 MONTHS

69.7

90.4

86.7

86.5

87.2

88.8

46 MONTHS

90.7

91.7

87.5

88.8

89. 7

90.3

1,9 MONTHS

92.5

92.5

88.8

69.5

91.4

92.4

i' K0NT4S

92.9

94.2

89.6

90.5

92.3

93.5

M

MlkjTHt

fck 12 HONIHS

94.2

9'*.6

90,5

91.2

93.7

94.3

9b.1

95.7

91.0

92.0

94.6

95.4

100.0

100.0

100.0

100.0

100.0

100.0

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 Oft MORE ISSUED BY WEEKLY REPORTING
BANKS,
2/

OF DAYS REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS
F u U O M N G in: LAST WEDNESDAY OF THE MONTH.

3/ hhiHtirA UP # O M H S FOLLOWING THE SURVEY MONTH.




TALLb 3A

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES UP DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF
7 APR 19??
(AMOUNTS IN MILLIONS Oh DOLLARS)
S5 BILLION AND

Ci>6 ; HAlUKjNG ?H

i/TAL

S50G
MILLION
AND UNDER

S500 MILLION
10
$1 BILLION

SI BILLION
•0
S5 BILLION

TOTAL
N E W YORK
CITY

1v?7 APR

103.4

10,*9i.0

*67.0

715.3

1,134.

464.7

©69 .8

1,843.2

5,503.7

9,462.

5,587.1

3,875.1

579.0

1 7 s #?38.5

JUNE

OUTSIDE
NfcW YORK
CITY

1,029.4

2*; 40.2

MAY

iVER

1,000.>

3,127.9

6,285.

3,741.8

2,543.6

JULY

7,289.fi

393.4

661.0

2.353.1

3,882.

1.812.5

2.069.8

AUbUST

4,764.4

213.3

425.6

1,355.5

2,770.

1,344.1

1.425.9

SEPTEMBER

4,326.6

lt.
t22

299.3

1,216.0

2,629.

1,443.8

1,185.3

OCTOBER

1.001.2

892.2

3,6til.2

132.4

252.8

2,294.

1.402.6

NOVEMBER

958.3

36.7

105.4

354.1

462.

268.9

173.2

DECEMBER

1,051.0

44.5

100.4

392.6

513.

167.9

345.6

983.3

30.5

68.3

262.4

622.

348.1

274.0

1976 JANUARY
FEBRUARY

435.2

23.0

46.2

165.4

200,

82.9

117.7

MARCH

774.9

28.9

54.7

258.9

432.

219.4

213.0

*»RIL

509.5

17.4

40.9

175.7

275.

152.4

123-1

MAY
OR LATER
TOTAL *

3,477.4

66.0

95.1

672.3

2,542.0

948.2

1,593.8

59,223.3

2,882.1

5,280.4

17,554.1

33,506.7

18,004.4

15,502.3

—
JUNE 10
JUNE 15

IMEMORANDUM:

TAX AND DIVIDEND MATURITIES)

432.0

21.3

34.4

164.1

212.2

132.4

79.8

1,510.1

46.8

85.9

358.1

1,019.3

623.9

395.4

(MEMORANDUM:
233

73

61

NUMBER OF BANKS1
82

17

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
*/ TOTAL
ASSETS AS REPORTED IN THE CALL KEPORT UF CONDITION ON JUNE 30, 1975.
*
TOTALS MAY NOT ADD DUE 10 ROUNDING*




10

TABLE 3ft

SALES /I/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 2? APR 1977
(AMOUNTS IN MILLIONS OF DOLLARS)
$5 BILLION AND OVFCR

CO»S MATURING IN

1977 APR

IOTAL

$500
MILLION
AND UNDER

SSOO MILLION
TO
SI BILLION

SI BILLION
TO
$5 BILLION

TOTAL

NEW YORK
CITY

OUTSIDE
NEW YORK
CITY

M

F

2B-30

MAY

6,775.9

462 .4

857.1

2,428.4

3,028.0

1,324.6

1,703.4

JUNE

2,614.3

155.0

296.4

1,005.0

1,157.9

574.3

583.6

JULY

2»?26.0

172.8

288.1

662.8

1,382.3

833.9

548.4

472.7

38.3

54.7

237.0

142.7

77.4

65.3

AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER

5*2.9

28.2

38.3

160.5

355.9

201.9

154.0

2,669.1

81.9

164.2

621.9

1,601.1

1,220.8

580.3

156.6

2.1

6.8

50.8

95.1

45.5

49.6

126.9

6.5

20.4

41.5

60.5

19.8

40.7

194.6

2.2

13.4

44.7

134.3

3.5

130.6

26.9

3.6

3.8

3.9

15.6

0.7

14.T

HAKCH

106.9

5.8

5.5

41.4

54.2

17.7

36.5

APRIL
Ok TAIEK

662.2

19.3

41.4

208.2

593.3

219.1

374.2

970.1

1,792.1

5,726.1

3,820.9

4,539.2

4,281.7

1978 JANUAKY
FCBFUARV

fftlJti *

17,317.2

IMEMORANDUMS
J»AIt)

TAX AND DIVIDEND MATURITIES)

167.7

4.5

15.8

65.1

82.3

38.5

43.8

241.4

11.9

13.9

98.9

116.7

65.0

51.7

233

73

NUMBER OF BANKS)

(MEMORANDUM:
61

82

17

> S H TECHNICAL APPENDIX A.
2
/<HIDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
5/ TOTAL ASSEF » AS REPORTED IN THE CALL « £ K X 1 OF CONDITION ON JUNE 30, 1975.
* 13TALS MAY M l ADD OIL* TU ROUNUINI,.




10

M

rtAiUKHV DISTRIBUTION OF OUTSTANDING N% (IITIABLE TIME CfcKl 1FI CAT E S OF D t P O M i 1/
Al WEEKLf RLPORTlNi, BANKS BY SIZE OF BANKS 2/
AS OF 27 APR 1977
PERCENTILE DISTRIBUTION

I*

S5 BILLION AND OVfcR
a fit

$500
^ltlluN
AM> Uhbt h

*500 MILLION
10
SI r ILL ION
.

SI BILLION
Tt>
$5 BILLION

TOTAL

NtW YORK
CITY

OJT^IDk
N c i YOKK
ft
IT Y

&

ZA-I

*#Y

i.SS

3.6

5.4

4.1

3.4

2.6

4.3

,0.I

35.7

34.9

31.4

28.2

31.0

25.0

18.o

*

40.1

Ik.9

17.o

16.8

£0.8

io.4

I/.3

43.6

12.5

13.4

11.6

10.1

13.4

Auvu^;

6.U

7.4

6.1

7.7

8.3

7.5

9.2

SEPTEMBER

7*3

6.3

5.7

6.9

7.8

6.0

7.6

mimtH

6.a

4.6

4.6

5.7

6.8

7.8

5.8

f.uVEMBEft

l.o

1.3

2.0

2.0

1.4

1.6

1.1

ctLeMbW

1.6

1.5

1.9

2.2

1.5

0.9

2.2

3 976 JANUARY

1.7

1.1

1.3

1.5

1.9

1.9

1.8

FEWUARY

0.7

O.e

0.9

0.9

0.6

0.5

0.8

MAkCH

1.3

l.U

1.0

1.5

1.3

1.2

1.4

U.9

0.6

0.8

1.0

O.ti

0.9

0.8

M V

MAY
OK LATE*
TOTAL »

5.7

100.0

1.8

3.8

7.6

5.3

100.0

100.0

100.0

100.0

2.4
100.0

(MEMORANDUM:
JUNE 10
JUNE 15

TAX AND DIVIDEND MATURITIES)

0.7

0.1

0.7

0.9

0.6

0.7

0.5

4.5

1.6

1.6

2.0

3.0

3.5

2.6

1/ INCLUDES TFCWL1F1CATES IN DENOMINATIONS OF $100,000 OA MORE ISSUED BY WEEKLY REPORTING BANKS.
2 / TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30* 1975.
* TOTALS NAY NOT ADD OWE TO ROUNDING.




10.3
100.0

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE IIHE CERTIFICATES OF OtPOSIT 1/
AT WEEKLY REPORT I Nv, BANKS bY SIZE OF BANKS 2/
AS OF 27 APR 19?#
CUMULATIVE PERCENTAGE

TABLE SO

$5 BILLION AND OVER
CD'S MATURING IN

TOTAL

FTSOO
MILLION
AND UNDER

$500 MILLION
TO
SI BILLION

SI BILLION
TO
$5 BILLION

TOTAL

NEW YORK
CITY

2.6

OUTSIDE
NEW YORK
CITY

3.6

5.4

4.1

3.4

33.9

39.3

40.3

35.5

31.6

33.6

29.3

JUNE

W.5

59.4

59.2

53.3

50.4

54.4

45.7

JULY

64.8

73.0

71.7

66.7

62.0

64.5

59.1

AUGUST

72.a

BO.4

79.8

74.4

70.3

72.0

68.3

SEPTEMBER

80.1

86.7

85.5

81.3

78.1

80.0

75.9

OCTOBER

86-3

91.3

90.3

87.0

84.9

87.8

81.7

NOVEMBER

87.9

92.6

92.3

89.0

66.3

89.4

82.8

DECEMBER

89.7

94.1

94.2

91-2

87.8

90.3

85.0

91.4

95.2

95.5

92.7

89.7

92.2

86.8

FEBRUARY

92.1

96.0

96.4

93.6

90.3

92.7

87.6

MARCH

93.4

97.0

97.4

95.1

91.6

93.9

89.0

APRIL

94.3

97.6

98.2

96.1

92.4

94.7

89.8

100. 0

100.0

100.0

100.0

100.0

100.0

1977 APR

28-30

MAY

1978 JANUARY

MAY
OR LATER

3.6

100.0

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.
* TOTALS MAY NOT ADO DUE TO ROUNDING.




4.3

lAbLL 31

S5 BILLION ANU OVER
$5CO
MILLION
AND UNO! k

riXL, MATURING ,4

S500 HlLlIOH
TO
SI BILLION

SI BILL1UN
TO
S5 BILLION

TOTAL

NEW YORK
CITY

GUTSlOt
NEW YORK
CITY

29.2

39.8

:v7 t Af-P
47. \

47.6

42.4

JUNE

15.1

15.a

16.5

17.6

13.1

12.7

13.6

JUlY

15.7

17.7

lb. 1

15.4

15.7

18.4

12.8

1.7

1.5

MAY

34.3

AUGUST

Z.l

3.9

3. 1

4.1

1.6

SEPTEMBER

3.4

2.9

2.1

2.8

4.0

4.4

3.6

i5.4

6.4

9.2

10.9

20.4

26.9

13.6

0.9

0.2

0,5

0.9

1.1

1.0

o. i

0- 7

1.1

0.7

0.7

0.4

1.0

1.1

6.2

0.7

0.8

1.5

0.1

3.1

FEBRUARY

0.2

Out

0.2

0.1

0.2

0.0

0.3

MARCH

0.6

0.6

0.3

0.7

G .6

0.4

0.9

k? Hit
OR LATER

5.0

2.0

2.3

3.6

6.7

4.8

8.7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

OCTGcLR
NUVfcHbfcR
DECEMBER
197b JANUARY

TOTAL #

—

(MEMORANDUM:

1.2

TAX ANO DIVIDEND MATURITIES)

JUNE 10

1.0

0.5

0.9

1.1

0.9

0.8

1.0

JUNE 15

1.4

1.2

0.8

1.7

1.3

1.4

1.2

(MEMORANDUMS
233
1/
2/
3/
$

73

NUMBER OF BANKS 1
61

82

17

SEE TECHNICAL APPENDIX A.
INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY MEEKLY REPORTING BANKS.
TOTAL ASSETS AS REPORTED IN (HE CALL REPORT OF CONDITION ON JUNE 30, 1975.
TOTALS MAY NOT ADD DUE TU ROUNDING.




*

10

TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
U N MUNIHS)

BANK CLASSIFICATION

DATE OF SURVEY
27 APR 1977

30 MAR 1977

23 FEB 1977

IBY LOCATION)
ALL REPORTING BANKS
ISSUING CD'S

3.2

3.0

NEW YORK CITY

3. 1

2.9

2.8

CHICAGO

3.3

3.2

3.6

OTHER

3.2

3.0

3.0

3.0

IBY SIZE OF BANK) 2/
UNDER $500 MILLION

2.5

2.5

2.6

$SOO~SLsOGO MILLION

2.6

2.5

2.5

£1 *000—$5»000 MILLION

3.0

2.8

2.8

OVER $5 BILLION

3.4

3.1

3.3

IN NEW YORK CITY

3.1

2.9

2.9

OUTSIDE NEW YORK CITY

3.8

3.4

3.8

If

INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

2/

TU1AL

A SETS




AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.

TABi.tr <*ti

AVEKAOE HA1UK1TY
OF
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
SOIL BY WEEKLY KtPORTING BANKS
DURING 1HE HON1H OF VARIOUS SURVEYS
U N MONTHS)

BANK tUSSiFlCATlON

OAIE OF SURVEY
*7 APK IV77

30 MAR 1977

23 FEB 1977

tbt LOCATIONS
ALL k$:POR1INC BANKS
I SUING CD'S

£.9

2.5

2.5

NEW YORK L3TY

3.2

2.8

2.8

CHICAGO

2.3

2.1

2.6

til Mi *

2.8

2.4

2.3

(BY SIZE OF BANK) 2/
UNOfctf $500 MILLION

2.1

2.2

2.2

S500-Slt000 MILLION

2.2

2*1

2.1

Sl,600-S5t000 MILLION

2,5

2.to

2.1

OVER S5 BILLION

3.3

2.6

2.9

IN NEW YORK CITY

3.3

2.9

2.9

LJTSIOE NEw YORK C11Y

3.3

2.3

2.8

1/

INCLUDES CERTIFICATES IN DENOMINATIONS OF SI00,000 OH 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.




TABLE SA
K ATI C OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
I
TO TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
(PER CENTI

DATE Of SURVEY
TOTAL ASSETS 2/
(IN MILLIONS Of- DOLLARS)

il APR 1977

30 MAR 1977

23 FEB 1977

ALL BANK* ISSUING
CD'S

15.9

16*7

16.5

UNDER 500

12.2

12.8

12.7

500 - 1000

12-9

13.8

14.0

1000 ~ 5000

13.1

13.7

13, <
*

OVt& 5000

19.3

20.0

19.9

IN NFr YORK CITY

23.2

23.5

24.5

OUTSI IE NEW YORK CITY

16.2

17.0

15.8

>/ INf.LtmeS CERTIFICATE! IN DENOMINATIONS HF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NUlt-

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30, 1975.

OEPOS1TS IN 1HE 01 NOMINATOR OF 1ME RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S GOVERNMENT DEPOSITS.




TAULE 5B
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
10 TOTal DEPOSITS
AS OF ll APx 1977

(NUHBLk uh 6ANK>)
lUTAL ALitt^ 2/
I in MILLIONS Of DOLLAHSI
AIX bANKS ISSUING

61

iu
tl
i
bi

5

OK

LESS

10
104

15
TO
20*

25%
OR
MORE

20
TU
25*

AVERAGE CD
TO DEPOSIT
RATIO tPfcR CENT)

co*s

4?

59

40

35

28

UNDER 500

15

21

14

12

8

12.2

too - W * 0

14,

IV

6

7

5

12.9

1000 - 5000

lb

15

17

14

11

13.1

0

4

1

2

4

19.3

0

1

0

0

4

23.2

3

1

2

O

lo.2

OVER 6000
IN NEW Yf-iX CITY
UUlSlUt NLW YORK CITY

15.9

24

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TO:AC
NOTE-

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.

DEPOSITS IN THE DENOMINATOR OF THE RA1IO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AMD U.S. GOVERNMENT DEPOSITS.




TABLE 5C
PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE. OF DEPOSIT /I
30 MAk 1977 TO 27 APR 1977
INUMBER OF BANKS)

TOTAL ASSETS 2/
I IN MILLIONS OF OOLtARS)

REDUCED
CD'S TO
ZERO

ALL BANKS ISSUING
CD'S

INCREASES OF

DECLINES OF
10$ OR
MORE

5% OR
LESS

5 TO
10%

50

2

UNDER 500

47

15

15

5% OR
LESS

5 TO
10%

10% OR
MORE

ISSUED CD'S BUT
HAD NONE OUTSTANDING ON BASE DATE

39

23

16

2

13

10

9

1

50

8

NO
CHANGE

SOG - 1000

1

16

13

10

1

15

2

4

0

1000 - 5000

0

22

15

22

2

7

9

5

0

0

*

4

3

0

4

2

0

0

r

OVER >000
IN NEW YORK CITY

0

3

1

2

0

1

0

0

0

OUTSIDE NEW YORK CITY

0

1

3

1

0

3

2

0

0

3/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100 tOOO OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
?#QTF~

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 LASI SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.




TABLE 50
k C tNl CHANGE IN OUTSTANDING NtGliTl ABLE TIME CERTIFICATE OF DEPOSIT /I
26 jAN 1977 TO *.7 APR 1977
(NUMBiR OF BANKS)

TLT/l ULPOSJI5, /2
UN

* i U ILsho 0?

KtDU-

1*OLLAK5 I

DECLINES OF

CD'S . St
10
Ok
ZfrKO *GkE

20
TO
Zbt

15
10
20%

10
TO
155

INCREASE OF
5
TO
10%

5*
Ok
LESS

NO
CHANGE

5%
OR
LESS

5
TO
10%

10
TO
15*

15
TO
201

ISSUED
20
TO
25%

25X
Ok
MuRE

NiME
OUTSTANDING
ON BASE DATE

ALL *SANKi ISSUiNv
CU*>

2

26

16

15

23

26

31

2

2b>

19

12

12

10

13

UNDER 500

2

4

5

4

7

V

5

1

11

9

5

1

2

3

1

500 ~ 1C00

0

10

5

3

a

6

6

1

6

5

3

I

5

3

0

lo

0

V

4

3

4

3

7

0

1000 - 5000

0

10

4

?

6

9

OVLk 50 0 0

0

1

2

1

2

z

4

0

3

1

1

0

0

0

0

l!i m * YC ?K cn>

0

1

1

1

1

1

1

0

1

0

0

c

0

0

0

OUTSIDE N W YORK CITV

0

0

1

0

1

1

3

0

z

1

1

0

0

0

0

1 / INCLUDES CERTIFICATES IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUEO BY WtSKLY REPORTING BANKS.
2/ TOTAL
NOTE-

ASSETS

AS REPORTED IN THE CALL REPORT OF CONDITION ON JONE 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 SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
OUTSTANDINGS TO ZERO.




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
30 MAR 1977 TO 27 APR 1977
(NUMBER OF BANKSI
TOTAL ASSETS 2/
(IN MILLIONS OF DOLLARS)

DECLINES OF
31
AND
OVER

ALL BANKS ISSUING
CD'S

2
TO
3*

1
TO
2%

INCREASES OF
IS
AND
LESS

18

39

NO
CHANGE

82

IX
AND
LESS
57

1
TO

2
TO
3%

2%

3%
AND
OVER

1 4

UNDER 500

1

3

10

24

2

21

6

3

2

500 - 1000

4

2

10

23

1

17

3

1

0

1000 - 5000

2

10

17

31

2

14

4

1

1

OVER 5000

2

3

2

*

0

5

1

0

0

IN NEW YORK CITY

2

1

0

3

0

1

OUTSIDE NEW YORK CITY

0

2

2

1

0

4

0

0
1

0

0

0

)/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TO'AL
NOIE—

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.




TA3Lt 5F
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT »Hfc BEGINNING OF THE PERIOD
26 JAN 197? 10 27 APR 1977
(NUMBEH !)F O A N K M

*IL: ;er. > f
.

DOLLARS*

ANKS IlLUliG
CO * s

AND
OVfcK
7

.f;DI H 50u

3
TO
4%

4
TO
St

6

I
1

i

DECLINES

!5" 1 b t /
i<
.

1 Q

T 1 t A1
1

INCREASES OF
1
TO

ro

It
AND
LESS

Zt

27

11

61

NU
CHANGE

1%
AND
UNDER

1
TO
21

4
TO

3
io
4*

2
TO
32

5%
AND
OVER

h%

1

46

24

11

6

5

4

6

3

0

1

lOC

1

1

4

b

7

15

1

19

9

1000

2

3

0

11

9

13

0

13

7

2

0

o

1

- 5 CCD

2

1

5

6

9

29

0

12

5

3

3

5

2

I

I

2

1

2

3

0

0

0

0

\ >000

0

FN NF> YORK CITY

1

1

2

1

0

1

0

0

1

u

0

0

0

OuTSIl.fr NEw YOhK CITY

1

0

0

0

2

3

u

2

2

0

0

0

0

1/ INCLUDES CfcklIF1CATES IN DENOMINATIONS OF S100,00u OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTk-

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
INTfcRBANK AND U.S. GOVERNMENT DEPOSITS.




•

TABLE 6A
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 APR 1977
(AMOUNTS I N MILLIONS OF OOLLAttSl
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

61.4

149.6

75.3

96.3

RICHMONO ATLANTA

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

364.5

17.3

21.7

48.4

169.9

603.9

CHICAGO

2240.1

76*5

555.3

MAY

1#838.7

775.7

*737.6

789.6

922.6

558.5

76 7.9

2853.5

236.4

110.9

549.2

1436.1

2100.7

JUN

10993.1

376.8

4360.0

488.5

564.6

322.8

453.5

16Z8.0

153.7

82.1

298*5

661.5

1603.1

196.1

629.9

865*7

1977 APR 28-APR 3 0

JUI

7290.0

355.6

2268.1

302.2

369.2

250.6

345.6

155*.1

82.4

70.5

ML«*.

4?*4.3

193.7

1566*0

186.9

268. 1

154.0

231.2

807.0

67.9

49.5

126.7

278,6

834*7

SEP

4326-5

116.0

1655.1

174.3

174.4

152.3

165.7

537.7

9*.8

52.0

75.7

241.8

864*7

0C1

4*61.1

101.5

1550.8

153.5

178.8

115.*

173.2

536.6

39.0

35.2

69.5

254.1

473.2

NOV

>56.3

32.1

345.3

56.1

46.7

19.9

67.5

53.2

8.6

37.8

30.6

71.6

186.7

DEC

1051.0

95.6

215.4

56.1

55.5

36.7

45.5

105.1

14.3

30.9

39.7

75.7

ZTIO. 5

191* JAN

963.4

45.6

359.6

50.6

21.8

10.2

42.2

123.7

7.4

34.6

33.0

50.1

204.^

*/»S.2

0* LATER

96.5

9.9

15.5

7.7

23.5

73.8

6.8

8.5

14.0

58.1

112*9

24.1

267.8

28.0

22.7

17.6

34.8

84.3

12.4

9.5

14.5

59.3

199.8

!>09.5

FPR

8.0

714.8

9.6

174*7

5**4

18.8

15.5

16.9

44.2

9.2

3.8

7.7

34.4

139*3

222.3

3377.0
59423*0

% MS. R - * * AAT JTT ITY
A?.
I.% M O N T H S a /

vwftcfc 01 REPORTING
. KFIK S
.

977*2

77*6

378.9

27*6

73.8

691.5

29.9

40.5

43.6

125.9

668.2

2433.1 21129.4

2472*2

3187.2

1764.3

2557.6

9457.2

782.1

587.5

1547.2

4147.2

9158.0

4.2

2.7

2.6

3.7

17

22

28

3*1

3*4

3.0

2*9

3.6

2*6

2.9

3.1

3.0

233

14

36

10

14

19

22

35

11

t ' lr-tlUIJLL JfilY CiRTlFlCAlI S ISSUED IN DENOMINATIONS OF $100,000 OK MORE BY WEEKLY REPORTING BANKS,
F T I T I * ICAL APPENDIX B.
;
F
Allb

NOT ADD TU TOTALS Our in ROUwClMG.




T*h t 6 t
f
:/
2/
5*t t< OF -ill ilIAHiE T1 .i CERT1FIC .TtS uF 0EP05 J SINCb P^EVIOU - MONTH
w L E M Y KhPORTING BANKS
BY FEDERAL K6SERVL DISTRICT
AS OF

7 APR 1977

I AMOUNTS IN MILLIONS OF DOLLARS)
I 1 *S "*1uR|r.^ IN

ALL
L:SmiLis

8USTUN

NEW
VOHK

PMILAOfcLFHlA

CLFCVT -

LAND

RICHMOND ATLANTA

CHICAGO

SI.
LOUIS

MINNE—
APDLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

•AY

6736.0

331.7

1960.2

294.3

331.8

167.7

259.8

1417.0

76.4

57.7

246.5

764.7

640*6

JUZ.

2614.2

145.7

792.0

148.7

161 .6

71.8

132.3

424.3

28.8

33.3

110,?

207.3

357.7

JUL

<726.0

90.2

1017.4

76.8

126.3

95.2

1*7.5

495.5

36.3

26.2

62.6

2o6.4

283.6

Ai»
ti

472.7

47.6

100.4

52.0

47.0

28.0

29.5

52.7

14.4

11.9

14.7

29.6

44.9

SEP

562.8

21.3

229.1

18.8

18.9

22. 1

6.2

116.0

1.3

12.1

7.7

46.6

7b.7

Utl

2o<>6 .8

64.0

1344.7

86.0

98.2

65.*

99.7

347.2

16.7

8.0

39.6

162.7

316.8

NOV

156.9

3.2

51.3

19.7

3.1

1.3

1.8

4.8

2.8

0.0

2.9

13.5

52.5

DEC

128.9

5.6

29.7

9.2

11.1

4.7

3.4

22.2

1.1

0.2

9.9

3.7

30.1

1978 JAN

194.B

3.6

4.9

28.2

5.6

0.4

11.5

23.6

1.8

1.0

10.1

19.2

84.5

FEB

27.1

0.0

2.1

0.5

2.3

0.0

0.5

3.5

2.1

0.0

1.7

1.4

13.0

MA#

lu7.1

4.2

26.3

0.2

1.7

2.2

1.2

6.7

4.1

1.5

2.0

2.3

44.7

APii OR LATER

661.V

21.7

239.2

10.9

66.6

5.4

24.5

127.9

12.4

13.9

8.4

29.7

301.3

17317.2

739.0

5799.3

745.3

866.4

502.0

699.9

3043.4

202.2

165.8

536.B

1549.1

2.2

3.0

2.6

2.9

2.5

2.6

2.4

2.9

2.9

2.1

2.1

TOTAL *
AVERAGE MATURITY
IN MONTHS 3/

2.8

1/ SEE TECHNICAL APPENDIX A.
2 / INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF 1100,000 OR MORE BY WEEKLY REPORTING BANKS.
1 / SEE TECHNICAL APPENDIX 6.
* DETAILS MAY NOT ADD 10 TOTALS DUE TO ROUNDING.




TABLE 6C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 APR 1977
I PERCENTAGE DISTRIBUTION)

1917 APR 28-APR 3 0
MAY

ALL
DISTRICTS

BOSTON

3«*

3.1

30.1

CD'S MATURING IN

31.9

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

3.9

2.2

3.7

3.1

4.1

6.6

30.0

30.2

30.2

18.9

35.5

34.6

22.9

17.7

17.2

19.7

14.0

19.3

16.0

17.5

RICHMOND ATLANTA

PHILADELPHIA

CLEVELAND

2.6

2.5

4.7

4.3

3.8

31.9

31.9

28.9

31.7

17.7

18.3

NEW
YORK

CHICAGO

JUN

IB.6

15.5

20.6

19.6

«JUL

12.3

14.6

10.7

12.2

11.6

14.2

13.5

lb.4

10.5

12.0

12.7

15.2

9.5

AUk

8.0

8.0

7.4

7.6

6.4

8.7

9.0

8.5

8.7

8.4

8.2

6.7

9.1

SEP

7.3

4.8

7.8

7.1

5.5

8.6

7.3

5.7

12.4

8.9

4.9

5.8

9.4

6.2

5.6

6.6

6.8

5.7

5.0

6.0

4.5

6.1

5.2

1.1

6.4

2.0

1.7

2.0
3. 1

OCT

6.2

4.2

7.3

NOV

1.6

1.3

1.6

2.4

1.5

1.1

2.6

0.6

OtC

1.8

3.9

1.0

2.3

1.7

2.1

1.8

1.1

l.b

5.3

2.6

1.8

5.9

1.7

m

LATER

TOTAL '

2.0

0.7

0.6

1.6

1.3

2.1

1.2

0.5

0.4

0.5

0.4

0.9

0.8

0.9

1.4

O.V

1.4

!.<

1.0

1.3

1.1

0.7

1.0

1. 4

0.9

1.6

1.6

0.9

1.4

a,3

0.9

APR

1.7

0.3

1.3

JAN

1.9

0.7

1976

0.9

0.4

0.8

1.*

0.6

0.9

0.7

0.5

1.2

0.6

0.5

0.8

1.5

5.7

9.1

4.6

3.1

11.9

1.6

2.9

7.3

3.8

6.9

2.8

3.0

7.5

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

i ODES ONLY i fcRTlFICATES ISSUED IN DENOMINATIONS OF $100,000 OR HORt BY WEEKLY REPORTING BANKS.




I

TABLE 60
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY HEPORTING BANKS
BY FLDERAL RESERVE DISTRICT
AS OF 27 APR 1977
(CUMULATIVE PERCENTAGE)
•

: MAT;
>

•
i ;

IN

1977 APR 28- APR 30

< LL
'
DISTRICT^

BOSTON

3.8

3.1

PHLI .
DELPHIA

CLEVELAND

R ICH—
MONO

2.6

2,5

4.7

4.3

1.8

NiW
YLRK

CHICAGO
3.9

ST.
LOUIS

MINNSAPOLIS

KANSAS
CITY

DALLAS

SAN
FRAN—
CISCO

2.2

3.7

3.1

4.1

6.6

33.9

35.0

34.5

2w.4

33.6

36.0

3 >e
.

34. 1

32.4

22.6

38.6

38.7

29.5

k

52.5

50.5

55.1

54.2

51,3

54.3

51.5

51.3

52.1

36.6

57.9

54.7

47.0

oUL

64.6

65.1

65-6

66*4

62,9

*8.5

65.0

67.7

62 .6

48.6

70.6

69.9

56.5 '

AUu

72.8

73.1

73.2

74.0

71.3

77.2

74.0

76.2

71.3

57.0

76.o

76.6

65. 6

SfcP

80.1

77.9

81.0

81. 1

7b. 3

85.8

fc 1. 3

81.9

03.7

65.9

83.7

82.4

75.0

UCT

86.3

82.1

68.4

67.3

82-4

92.4

6b.1

87.6

88.T

71.9

88.2

38.5

80.2

89.7

83.9

93.5

SO.7

88.2

89.8

78.3

90.2

90.2

82.2

MA >
JU

NOV

87.9

83.4

89.9

DfcC

b9»7

87.3

90.9

92.0

85. 6

95.6

92.5

89.3

91.6

83.6

92.8

92.0

85.3

1978 JA-N

91.4

89.2

92.6

94,0

86.3

96.2

94.1

90.6

92.5

89.5

94.9

93.2

87.5

FEB

92.1

89.5

93.1

94.4

86.8

96.6

95.0

91.4

93.4

90.9

95.8

94.6

88.7

MAR

93.4

90.5

94.4

V5.5

87,5

97.6

S6.4

92.3

95.0

92.5

96.7

96.0

90.9

APR

94.3

90.9

95.2

96.9

80.1

98.5

'7.1

92.8

96.2

93.1

97.2

96.8

92.4

100.0

100.0

100.0

100.0

100.0

100.0

IU0.0

100.0

100.0

10U.9

100.0

100.0

100.0

MAY QR LATER

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.




I

TABLE 6E
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 APR 1977
(PERCENTAGE DISTRIBUTION)
ALL
DISTRICTS

BOSTON

MAY

39.1

44.9

JUN

15.1

JUL

CD'S MATURING IN

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAM
FRANCISCO

46.6

38.8

34.8

45.9

49.4

34.3

18.9

13.9

14.2

20.1

20.6

13.4

14.6

19.0

18.2

16.3

18.9

15.8

15.4

17.2

11.6

5.6

4.2

1.7

7.1

7.2

2.7

1.9

1.8

2.1

4.4

1.2

3.8

0.6

7.3

1.4

3.1

3.2

11.5

11.1

17.0

14.2

11.4

8.3

4.8

7.4

10.5

12.9

2.6

0.3

0.3

0.3

0.2

1.4

0.0

0.5

0.9

2.1

1.2

1.3

0.5

0.5

0.7

0.5

0.1

1.8

0.2

1.2

3.8

0.7

0.1

1.6

0.8

0.9

0.6

1.9

1.2

3.5|

0.0

o.I

0.3

0.0

0.1

0.1

1.0

0.0

0.3

0.1

0.5

0.5

0.0

0.9

0.4

0.2

0.3

2.0

0.9

0.4

0.1

1.8

4. 1

1.5

7.5

1.1

i. 5

4.2

6.1

6.4

1.6

1.9

12.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

RICHMOND ATLANTA

PHILADELPHIA

CLEVELAND

33.8

39.5

36.1

37.4

37.1

19.7

13.7

20.0

16.2

14,3

15.7

12.2

17.5

10.3

14.2

AUb

2.7

6.4

1 .7

7.0

5.3

SEP

3.4

2.9

4.0

2.5

OCT

ib.4

6.7

23.2

NOV

0.9

0.4

0.9

DEC

0.7

0.8

0.5

JAN

1.1

0.5

0.1

o.z

0.0

0.6

0.6

5.0

2.9

100.0

100.0

MAR
OA

HIT M

i *TK<

*

NEW
YORK

lOU.O

CHICAGO

/ ' EF TECHNICAL APPENDIX A.
2,' ;*CLUDtS ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
NO tf

SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.

* DETAILS

NOT ADD TO TOTALS DUE 80 ROUNDING.




TECHNICAL APPENDIX A
vr GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner:

Outstanding CD 8 maturing in each month of the previous survey are

subtracted from maturities in the same month of the current survey.

Those

CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.

Those CD's maturing after the last individual

month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding

quantity for a time period com-

parable to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.

Some sales

Sales of CD's between the

survey dates that mature in the remaining days of the calendar month of the
current survey are ignored. However, since the minimum maturity for tim
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
nonth--after the survey date-—are assumed to mature in the middle of the
period between the .survey date and the end of the calendar month in which
the survey is taken.

The weights are the quantity of CD's maturing in each

month or fraction thereof as a proportion of total CD^s outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.

All of these CD's are assumed to mature in the

middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.

That is, they

are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.

Any CD's sold between

survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.




Technical Note B (continued)
This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date.

While it appears more logical to

assume that all CD's were sold at the mid-point between the two surveys,
such an assumption'would tend to reduce 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
of total outstandings.

As a result, the average maturity of sales is

much more sensitive to month-to-month variation in the maturity structure of
sales than is the case with the outstandings series,

Thus. large changes in

the calculated average maturity of sales, or situations in which the average
maturity of sales differ sharply from the average maturity of outstandings,
should be Interpreted with care and references should be made to actual dollar
sales by month.

Formulas for calculation of average maturities are available on
request from the Banking Section, Division of Research and Statistics, Board
of Governors of the Federal Reserve System.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102