The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
May 27, 1975
W
L.^
CONFIDENTIAL (FR)
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS
as of
April 30, 1975
NOTE:
Sales since the previous survey and
comparison with previous data reflect
revisions in the March report whereby
$1.6 million in outstanding negotiable
CD's have been deducted from the series.
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
TABLE T
1/
MATURITY D T ^ L S U T I M I 1 * OUTSTANFLING NFC-TLLARLF TIME C E R T I F I C A T E S GF DEPOSIT AT
WEEKLY REPORTING PANH<
AS OF 3 0 APR : * ? * »
AMOUNT
( M I L L I O N S OF
HOLLARS 1
C O * * HATIPIRNS I N
W W
SALES SINCF
PREVIOUS MONTH 2 /
( M I L L I O N S OF DOLLARS)
PE*CENTAGF
DISTRIBUTION
CUMULATIVE
PERCENTAGE
,0
.0
.0
.0
WAV
30#006.5
35.7
35,7
14,125.7
JUNE
17,073.7
20.3
56.0
5,395.7
JULY
APRIL
BO
12,939.3
15.4
71.4
6,601.7
AUGUST
6.452.5
7.7
79.1
2 ,066.4
SEPTEMBER
4,747.2
5.6
84.7
1,129.7
OCTOBER
4,306.4
5.1
89.8
2,778.5
NOVEMBER
1,191.9
1.4
91.2
222.6
DECEMBER
1,071.4
1.3
92.5
180.3
1 9 7 6 JANUARY
1,823.7
2.2
94.7
272.0
FEBRUARY
1,229.5
1.5
96.2
84.0
MARCH
1,016.5
1.2
97.4
197.3
APRIL
628.2
.7
98.1
806.1 3/
1,634.1
1.9
100.0
XXX
84,121.0
100.0
XXX
33,860.0
OVER 12 MONTHS
TOTAL
(MEMORANDUM:
JUNE 1 0
JUNE 16
980.3
1,822.7
TAX AND D I V I D E N D M A T U R I T I E S )
1.2
2.2
XXX
XXX
1/
INCLUDES ONLY C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 * 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
SEE TECHNICAL APPENDIX A ,
3/
SALES TIR CO*S MATURING AFIER
II
MONTHS.
288.8
536.9
TABLE 2A
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT
NEW YORK C I T Y # CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 3 0 APR 1975
I I N M I L L I O N S OF DOLLARS)
CHICAGO
NEW YORK C I T Y
AMOUNT
C D ' S MATURING I N
W 5
SALES SINCE
PREVIOUS MONTH 2 /
AMOUNT
ALL OTHER WEEKLY REPORTING BANKS
SALES SINCE
PREVIOUS MONTH 2 /
AMOUNT
SALES S I N C E ^
PREVIOUS M O N T H # #
.0
.0
.0
.0
.0
.0
MAY
9,622*2
3,844.0
3,518.9
1,770.5
16,865.5
8,511.2
JUNE
6,406.3
1,548.0
1,591.8
588.4
9,073.1
3,258.8
JULY
5,345.7
2,660.0
1,163.9
650.6
6,429.5
3,290.9
APR 3 0
AUGUST
2*611.4
1,028.4
477.6
242.4
3,363.6
795.7
SEPTEMBER
1,827,6
504,3
302.7
77.0
2,616.7
548.2
OCTOBER
1,612.6
1,226.9
402.8
262.1
2,291.1
1,289.6
NOVEMBER
292.5
42.1
132.4
35.7
766.9
144.7
DECEMBER
211.0
2T.5
73.9
20.0
786.5
132.8
572.5
80.6
449.3
24.5
801.8
166.8
160.4
15.7
301.9
8.9
767.2
59.4
MARCH
83.1
28.8
190.7
7,2
742.7
161.3
APRIL
115,2
271.1 /3
81.5
431.5
450.2
OVER 1 2 MONTHS
622.0
XXX
40.3
XXX
971.8
XXX
11,277.4
8,727,7
3,772.2
45,907.9
18,809.6
1 9 7 6 JANUARY
FEBRUARY
29,484,5
TOTAL *
NUMBER OF REPORTING BANKS
12
449.0
652.8
224
12
1MEMORANDUM:
JUNE 1 0
JUNE 16
84.9 /3
95.3
207.9
TAX AND D I V I D E N D M A T U R I T I E S )
59.0
185.2
32.2
64.7
1/
INCLUDES ONLY C E R T I F I C A T E S I N DENOMINATION OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
SEE TECHNICAL APPENDIX A ,
3/
SALES OF C D ' S
MATURING AFTER 11 MONTHS.
# TOTALS
MAY NOT ADO DUE TO ROUNDING,
472.3
984.7
161.3
264.4
/3
TABLE 2B
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK C I T Y , CHICAGO, AM) ALL OTHER WEEKLY REPORTING BANKS
AS OF 30 APR 1 9 7 5
AND 26 MAR 1 9 7 5
(PERCENTAGE D I S T R I B U T I O N )
NEW YORK C I T Y
CHICAGO
ALL OTHER
C D ' S MATURING I N
3 0 APR
0-6
DAYS 2 /
26 MAR
30 APR
2 6 MAR
30 APR
26 MAR
•0
7.1
.0
4.6
.0
7.2
37.4
0 1 MONTHS 3 /
32.6
33.3
40.3
43.2
36.7
0 2 MONTHS
21.7
18.9
18.2
18.4
19.8
17.1
0 3 MONTHS
18.1
15.9
13.3
10.6
14.0
11.9
0 4 MONTHS
8.9
8.8
5.5
5.4
7.3
6.4
0 5 MONTHS
6.2
5.2
3.5
2.5
5.7
5.3
0 6 MONTHS
5.5
4.3
4.6
2.4
5.0
4.2
0 7 MONTHS
1.0
1.3
1.5
1.5
1.7
2.0
0 8 MONTHS
.7
.8
,8
1.0
1.7
1.3
0 9 MONTHS
1.4
•6
5.1
.6
1.7
1.3
1 0 MONTHS
.5
1.6
3.5
4.5
1.7
1.3
II
MONTHS
.3
•5
2.2
3.1
1.6
1.4
1 2 MONTHS
.4
.2
.9
1.9
.9
1.2
2.1
1.5
#5
.6
2.1
1.9
100,0
100.0
100,0
100.0
100.0
100.0
OVER 12 MONTHS
TOTAL *
1/
INCLUDES ONLY C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING
BANKS.
2/
NUMBER OF DAYS REMAINING I N SURVEY MONTH, T H I S PERIOD VARIES WITH THE NUMBER OF DAYS
FOLLOWING THE LAST WEDNESDAY OF THE MONTH,
3 / NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.
* TOTALS MAY NOT ADD DUE TO POUNDING.
TABLE 2C
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT
NEW YORK C I T Y , C H I C A G O , AND A L L OTHER WEEKLY REPORTING BANKS
AS OF 30 APR 1 9 7 5 AND 26 MAR 1 9 7 5
(CUMULATIVE D I S T R I B U T I O N )
CD ' S MATURING I N
0-6
DAYS 2 /
NEW YORK C I T Y
———
— — *•**••* mtmm » — —
3 0 APR
2 6 MAR
CHICAGO
—
3 0 APR
ALL OTHER
mm mm —
2 6 MAR
mmmm
'
3 0 APR
26 MAR
.0
7.1
.0
4*6
.0
7.2
0 1 MONTHS 3 /
32.6
40.4
&0.3
47.8
36.7
44.6
0 2 MONTHS
54.3
59.3
58.5
66.2
56.5
61.7
0 3 MONTHS
72.4
75.2
71.8
76.8
70.5
73.6
0 4 MONTHS
84.0
77.3
82.2
77.8
80.0
87.5
89.2
60.8
84.7
83.5
85.3
0 6 MONTHS
93.0
93.5
85.4
87.1
88.5
89.5
0 7 MONTHS
94.0
94.8
86.9
89 . 6
90.2
91.5
0 8 MONTHS
94.7
95.6
67.7
89.6
91.9
92.8
0 9 MONTHS
96.6
96.2
90.2
93.6
94.1
1 0 MONTHS
97.1
97.8
96.3
94.7
95.3
95.4
1 1 MONTHS
97.4
98.3
98.5
97.A
96.9
96.8
1 2 MONTHS
97.8
98.5
99.4
99.7
97.8
98.0
100.0
100.0
100.0
100.0
100.0
100.0
OVER 12 MONTHS
CD
81.3
0 5 MONTHS
1/
INCLUDES ONLY C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING
BANKS#
2/
NUMBER OF DAYS R E M A I N I N G I N SURVEY MONTH. T H I S
FOLLOWING THE LAST WEDNESDAY OF THE MONTH.
3/
NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH,
PERIOD V A R I E S WITH THE NUMBER OF DAYS
TABLE 2B
1/
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK C I T Y # CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 30 APR 1 9 7 5 AND 26 MAR 1 9 7 5
(PERCENTAGE D I S T R I B U T I O N )
NEW YORK C I T Y
CHICAGO
ALL OTHER
C D ' S MATURING I N
3 0 APR
0 - 6 DAYS 2 /
26 MAR
30 APR
2 6 MAR
30 APR
26 MAR
.0
7.1
.0
4.6
.0
7.2
0 1 MONTHS 3 /
32.6
33.3
40.3
43.2
36.7
37.4
0 2 MONTHS
21.7
IF.9
18.2
18.4
19.8
17.1
0 3 MONTHS
18.1
15.9
13.3
10.6
14.0
11.9
0 4 MONTHS
8.9
8.8
5.5
5.4
7.3
6.4
OS MONTHS
6.2
5.2
3.5
2.5
5.7
5.3
5.0
4.2
0 6 MONTHS
5.%
4.3
4.6
2.4
0 7 MONTHS
1.0
1.3
1.5
1.5
1.7
2.0
0 8 MONTHS
.7
.8
.8
1.0
1.7
1.3
0 9 MONTHS
1.*
.6
5.1
.6
1.7
1.3
1 0 MONTHS
.5
1.6
3.5
4.5
1.7
1.3
1 1 MONTHS
.3
.5
2.2
3.1
1.6
1.4
1 2 MONTHS
.4
.2
.9
1.9
.9
1.2
2.1
1.5
.5
.4
2.1
1.9
100.0
100.0
100.0
100.0
100.0
100.0
OVER 12 MONTHS
TOTAL *
1/
INCLUDES ONLY C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING
BANKS.
2f
NUMBER OF DAYS REMAINING I N SURVEY MONTH. T H I S PERIOD VARIES WITH THE NUMBER OF DAYS
FOLLOWING THE LAST WEDNESDAY OF THE MONTH.
3 / NUMBER OF MONTHS FOLLOWING THE SURVFY MONTH.
•
TOTALS MAY NOT ADD DUE TO BOUNDING.
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2 /
AS OF SO APR 1975
FAMOUNTS I N M I L L I O N S OF DOLLARS)
TABLE H
1/
$ 1 B I L L I O N AND OVER
€ © • $ MATURING I N
I T L L APR
30
MAY
$200
MILLION
AND UNDER
$200 MILLION
TO
$900 MILLION
0.0
0.0
0.0
0.0
*0,006.4
1,652.4
3,339.2
TOTAL
$<00 MILLION
TO
SI BILLION
PRIME 3 /
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
0.0
0.0
0.0
0 .0
4,251.7
20,763.2
9,071.6
8,548.6
3,143.0
#7,073.6
614.1
1,842.8
2,368.0
12,048.5
6,087.3
4,200.7
1,760.5
JULY
12.939.4
428.9
1,118.7
1,557.3
9,734.5
S,168.3
3,319.1
1,2 4 7 . 1
AUGUST
6,452.4
22«.0
515.0
646.7
,061 .7
?,5<3.6
2,046.8
46 W
SEPTEMBER
4,7*7.:
180.3
470.8
<53.0
3 , *>42.8
1,770.6
1,334.3
43@P
OCTOBER
4,306.4
10B.2
342.4
572.5
3,283.3
1,574.5
1 ,362.4
346.4
NOVEMBER
1,1*1#*
41 #1
154.7
157.1
838.3
283.5
455.7
99.1
DECEMBER
1,071.4
41.3
100.6
178.8
750.7
200.6
401 . 6
148.5
1,T23*6
47.3
119.4
178.2
1,478.7
539.7
722.0
217.0
FEBRUARY
1,229.6
41.0
99.%
149.8
939.3
160.0
677.2
102.1
MARCH
1.916.5
50.1
80.3
138.1
748.0
70.6
576.6
100.8
APRIL
624.1
47.6
60.1
70.1
450.3
114.6
293.9
1,634.0
81.5
109.4
185.9
1,255.1
5*5.1
543.2
156.8
3,865.9
8,353.0
11,007.2
60,894.4
28,150.0
24,482.1
8,262.3
1 9 7 # JANUARY
MAY
OR LATER
TOTAL *
#&*!20.S
-•*
iHCUflDAWAllii*
Taw imn N i v inckin MA HID TTTCC I
00
JUNE
__
2
45.1
90.1
135.8
709.2
442.3
177.0
89.9
JUNE I S
1,422.4
67.8
164.0
216.7
1,374.0
604.4
563.6
206.0
12
18
III
1
980.2
IMEMORANDUMJ
Me
NUMBER OF BANKS) —
6?
50
37
1 / INCLUDES C E R T I F I C A T E S I S DENOMINATIONS OF F 1 0 0 * 0 0 0 O* *ORE ISSUED BY WEEKLY REPORTING BANKS.
S / TOTAL DEPOSITS AS REPORT!D I N T « | CALL REPORT OF CONDITION ON DECEMBER 3 1 , 196%.
1 / PRIME BANKS ARE THOSE KNF SE NEGOTIABLE C E R T f r f C A T f f o r i r p r s i T ARE REGARDED AS BEING OF THE HIKHFST QUALITY AND WHICH ARE
REM)RTED #Y DEALERS TO T&AOE MLTWIN 1 OR 2 e S $ I $ P O f N V ">p r A C H OTHER W I T H I N THF SECONDARY MARKET.
$
MAY NCT A!>T> OUT T «OUNOINC.
DigitizedTOTALS
for FRASER
I
TABLE SB
SALES Z 1 Z OF NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT <INCE PREVIOUS MONTH 2 /
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3Z
AS OF 3 0 APR 1 9 7 5
IAMOUNTS I N M I L L I O N S OF DOLLARS)
$ 1 B I L L I O N AND OVER
C O ' S MATURING I N
L E T S APR
$500 MILLION
TO
$1 B I L L I O N
125.7
9*6.3
1,911.9
2,247.#
PRIME 4 /
————————
OUTSIDE
NEW YORK
NEW YORK
CITY
CITY
———
TOTAL
NON-PRIME
9,051.7
3,504.2
3,800.0
1,747.5
JUNE
5,395.7
316.4
720.U
943.6
3,415.7
1,414.0
1,341.5
660.2
JULY
6,60:.#
302.0
614.7
932.2
4,752.9
2,*66.7
1,602.7
583.5
AUGUST
2,066*3
61.3
142.4
206.8
1,655.8
1,002.7
516.1
137.0
SEPTEMBER
1,129.6
29.3
90.6
167.3
842.4
493.9
282.4
66.1
OCTOBER
2,77#.5
73.5
219.8
372.*
2,112.4
1,192.2
696.8
223.4
NOVEMBER
222.8
4.9
42.3
30.6
145.0
42.0
78.5
24.5
DECEMBER
1B0.2
4.7
1*.3
38.7
117.5
24.1
74.2
19.2
272.1
7.2
26.0
46.4
192.5
77.1
84.1
31.3
#4.1
1.7
10.7
21.2
50.5
15.7
33.1
1.7
MARCH
197.4
8.0
14.4
26.*
148.5
28.2
111.3
Wf.O
APRIL
OR LATER
*06.0
51.7
80.0
74.5
599.8
270.0
301.9
27.9
S3.860.2
1,775.0
3,#92.1
5,108.4
23,084.7
10,630.8
8,922.6
3,531.3
1 9 7 6 JANUARY
FEBRUARY
TOTAL *
™
$200 MILLION
TO
$500 MILLION
SO
MAY
—
§200
MILLION
AND UNDER
TOTAL
—
— — — — —
|MEMORANDUM:
TAX AND D I V I D E N D M A T U R I T I E S )
JUNE 1 0
268.6
12.5
30.9
51.1
1*4.1
91.8
69.9
32.4
JUNE 16
536.7
2P.6
54*8
84.9
368.4
184.3
118.9
65.2
37
7
12
18
•••IN. • •
{MEMORANDUM*
24#
1/
2Z
SZ
4/
#2
NUMBER OF BANKS ) ——
79
50
SEE TECHNICAL APPENDIX A .
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS 0 * $ 1 0 0 , 0 0 0 OR MORE ISSUED #Y WEEKLY REPORTING B A N K S .
TOTAL D E P O S I T S AS REPORTED I N THf CALL REPORT OF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 .
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S 0 * DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST D U A L I T Y AND WHICH ARE
REPORTED BY DEALERS TO TRADE WLTNLN 1 OR 2 B A S I S P O I N T * OF EACH OTHER W I T H I N THE SECONDARY MARKET.
MAY NOT ADO DUE TO ROUNDING.
forTOTALS
FRASER
•
Digitized
TABLE
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 /
AS OF 3 0 APR 1 9 7 5
PERCENTAGE D I S T R I B U T I O N
SC
1/
$ 1 B I L L I O N AND OVER
TOTAL
CO»S MATURING I N
1975
APR
0.0
30
PRIME 3 /
$200 MILLION
TO
$500 MILLION
*500 MILLION
TO
VI BILLION
0.0
0.0
0.0
0.0
0.0
0 .0
32.2
34.9
38.0
0.0
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
MAY
35.7
42.7
40.0
38.6
34.1
JUNE
20.3
21.1
22.1
21.5
19.8
21.6
17.2
21.3
JULY
15*4
13.7
13.4
14.1
16.0
16.4
13.6
AUGUST
7.7
5.9
6.2
5.9
8.3
9.1
8.4
•e
SEPTEMBER
5.6
4.7
5.6
5.0
5.6
6.3
5.5
5.3
OCTOBER
5.1
2.8
4.1
5.2
5.4
5.6
5.6
4.2
NOVEMBER
1.4
1.1
1.9
1.4
1.4
1.0
1.9
1.2
DECEMBER
1.3
1.1
1.2
1.6
1.2
0.7
1 .6
1.8
2.2
1.2
1.4
1.6
2.4
1 .9
2.9
2.6
1 9 7 6 JANUARY
5.6
FEBRUARY
1.5
1.1
1.2
1.4
1.5
0.6
2.8
1.2
MARCH
1.2
1.3
1.0
1.3
1.2
0.3
2.4
1.2
APRIL
0.7
1.2
0.7
0.6
0.7
0.4
1.2
0.5
1.9
2.2
1.3
1.7
2.1
2.0
2.2
100.0
100.0
100 . 0
100.0
100.0
100.0
MAY
OR LATER
TOTAL *
100.0
(MEMORANDUM:
— — —
1 .9
i o c £ }
TAX AND D I V I D E N D M A T U R I T I E S )
JUNE 1 0
1.2
1.2
1 .1
1.2
1.2
1.6
0.7
1.1
JUNE 1 6
2.2
1.8
2.0
2.0
2.3
2.1
2.3
2.5
1/
2/
3/
*
*200
MILLION
AND UNDER
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 * 0 0 0 OR M O R E ISSUED BY WEEKLY R E P O R T I N G BANKS.
TOTAL D E P O S I T S AS REPORTED I N THF CALL REPORT OF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 .
PRIME BANKS ARf THOSE WH >SE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT A-E REGARDED AS BEING OF THE HIGHEST Q U A L I T Y
REPORTED BY OEALFRS TO TRADE WITHTN 1 OR 2 B A S K POINTS OF EACH iTHER W I T H I N THE SECONDARY MARKET»
TOTALS MAY NOT ADD DUE T 3 ROUNDING.
AND WHICH ARE
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES
AT WEEKLY REPORTING BANKS BY SIZ E OF BANKS 2 /
AS OF 3 0 APR 1 9 7 5
CUMULATIVE PERCENTAGE
TABLE SO
OF DEPOSIT
1/
$1 B I L L I O N AND OVER
C D ' S MATURING I N
TOTAL
$200
MILLION
AND UNDER
$200 MILLION
TO
$500 MILLION
$500 MILLION
TO
$1 BILLION
w
PRIME 3 /
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
NON-PRIME
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0 .0
MAY
35.7
42.7
40.0
38.6
34.1
32.2
34.9
38.0
JUNE
56.0
63.8
62.1
60.1
53.9
53.8
52.1
59.3
JULY
71.4
77.5
75.5
74.2
69.9
72.2
65.7
74.4
AUGUST
79.1
83.4
81.7
80.1
78.2
81.3
74.1
80.0
SEPTEMBER
P4.7
88.1
87.3
85.1
84.0
87.6
79.6
85.3
OCTOBER
89.8
90.9
91.4
90.3
89.4
93.2
85.2
89.5
NOVEMBER
91.2
92.0
93.3
91.7
90.B
94.2
87.1
90.7
DECEMBER
92.5
93.1
94.5
93.3
92.0
94.9
88.7
92
1 9 1 5 APR
30
94.7
94.3
95.9
94.9
94.6
96.8
91.6
95.1
FEBRUARY
96.2
95.4
97.1
96.3
95.9
97.4
94.4
96.3
MARCH
97.4
96.7
98.1
97.6
97.1
97.7
96.8
97.5
APRIL
98.1
97.9
98.8
98.2
97.8
98.1
98.0
98.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
1 9 7 6 JANUARY
MAY
OR LATER
1 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED 9Y WEEKLY REPORTING BANKS.
2/ TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 1 9 6 5 .
3 / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO TRADE W I T H I N I OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
SALES / ! /
TABLE 3E
OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2 /
AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 /
AS OF 3 0 APR 1975
PERCENTAGE D I S T R I B U T I O N
S I B I L L I O N AND OVER
C D ' S MATURING I N
1 9 7 5 APR
TOTAL
$200
MILLION
AND UNDER
$200 MILLION
TO
$500 MILLION
S500 M I L L I O N
TO
$1 BILLION
PRIME 4 /
TOTAL
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
33.0
42.6
49.5
30
MAY
41.7
JUNE
IS.9
JULY
19.5
AUGUST
6.1
SEPTEMBER
3.3
49.1
44.0
17.8
18.5
18.5
14.8
13.3
15.0
18.7
17.0
15.8
18.2
20.6
24.1
18.0
16.5
3.5
3.7
4.0
7.2
9.4
5.8
1.7
2.3
3.3
3.6
4.6
3.2
1.9
5.6
7.3
9.2
11.2
7.8
6.3
51.5
39.2
3
g
OCTOBER
8.2
4.1
NOVEMBER
0.7
0.3
1.1
0.6
0.6
0.4
0.9
0.7
DECEMBER
0.5
0.3
0.5
0.8
0.5
0.2
0.8
0.5
0.8
0.4
0.7
0.9
0.8
0 .7
0.9
0.9
0.2
0.1
0.3
0.4
0.2
0.1
0.4
0.0
MARCH
0.6
O.<
0.4
0.5
0.6
0.3
1.2
0.3
APRIL
OR LATER
2.4
2.9
2.1
1.5
2.6
2.5
3.4
100.0
100.0
1 9 7 6 JANUARY
FEBRUARY
TOTAL *
100.0
100.0
100.0
100.0
(MEMORANDUM:
0.9
0.7
0.8
1.0
0.8
0.9
0.8
JUNE 1 6
1.6
1.6
1.4
1.7
1.6
1.7
1.3
(MEMORANDUM:
82
100.0
TAX AND DIVIDEND M A T U R I T I E S )
JUNE 1 0
248
0.8
100.0
1.8
NUMBER OF BANKS )
79
50
37
12
1 / SEE TECHNICAL APPENDIX A .
2 / INCLUDES CERTIFICATES I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
3 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 1 9 6 5 .
4 / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT APE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE
REPORTED BY DEALERS TO WADE W I T H I N 1 OR 2 PAS IS POINTS n c EACH OTHER WITH? N THE SECONDARY MARKET.
*
TOTALS MAY NOT AOD DUE T ' ROUNDING.
18
TABLE 4A
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
U N MONTHS 1
DATE OF SURVEY
BANK C L A S S I F I C A T I O N
3 0 APR 1975
26 MAR 1975
2 6 FEB 1975
I B Y LOCATION)
ALL REPORTING BANKS
2.6
2.5
2.3
NEW YORK C I T Y
2.5
2.4
2.2
CHICAGO
2.7
2.6
2.5
OTHER
2.7
2.6
2.3
ISSUING C D ' S
IBY SIZE OF BANK) 2 /
S200-S500 MILLION
2.4
2.2
2.1
2.1
SSOO-SLTOOO M I L L I O N
2.5
2.3
2.1
OVER S I B I L L I O N
2.7
2.6
2.4
PRIME I N NEW YORK C I T Y 3 /
2.5
2.4
2.3
PRIME OUTSIDE NEW YORK CITY 3 /
3.0
2.9
2.6
NON-PRIME
2.5
2.6
2.3
UNDER § 2 0 0 M I L L I O N
2.3
2.3
1Z
INCLUDES CERTIFICATES I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
1/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 ,
SZ
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
1965.
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
TABLE 48
AVERAGE MATURITY
OF
NEGOTIABLE TINE CERTIFICATES OF DEPOSIT 1 /
SOLO 6V WEEKLY REPORTING BANKS
DURING THE WJNTH OF VARIOUS SURVEYS
ITN MONTHS)
DATE OF SURVEY
BANK CLASSIFICATION
30 APR 1975
26 FEB 1975
26 WAR 1975
IBY LOCATION!
ALL REPORTING BANKS
2.3
2.5
2.6
NEW YORK C l t V
2.5
2 .6
2.5
CHICAGO
2.1
2.5
3.3
OTHER
2.2
2.5
2.6
ISSUING CD'S
(BY SIZE OF BANK) 2 /
UNOCR MOO M I L L I O N
1/ Memoes
1.6
2.2
1.9
M O O - * 5 0 0 MILLION
1.9
2.2
2.1
• 5 0 0 - * 1 . 0 0 0 MILLION
2.1
2.2
2.1
OVER I I B I L L I O N
2.4
2.7
2.9
PRIME I N NEW YORK CITY 3 /
2.6
2.6
2.5
PRIME OUTSIDE NEW YORK CITY 3 /
2.4
2.S
NON-PRIME
1.6
2.4
*
3.*
2.2
CERTIFICATES IN DENOMINATIONS OF # 1 0 0 . 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
TOTAL O E H H I T S I S REPORTED I N THE CALL REPORT OF CONDITION ON 0ECEN6ER 3 1 ,
>/
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDS:: AS BEING OF THE HIGHEST QUALITY AND
MHtCM ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE—SEE TECHNICAL SPPENOt* B .
1965.
TABLE SA
HAT 10 OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /
TO TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
(PER CENT)
DATE OF SURVEY
III1AL DEPOSITS 2/
I I H MILLIONS OF DOLLARS I
3D A*»R 1 * 7 5
26 MAR 1975
26 FEB 1975
ALL BANKS ISSUING
CD'S
23.3
25.1
25.0
UNDER 2 0 0
14.9
15.9
16.3
200 - 4G0
18.0
19.6
19.6
400 -
18.1
19.3
19.8
26.8
28.7
28.4
31.4
32.7
32.7
PRIME OUTSIDE NEW YORK 3 /
25.0
27.7
26.9
NPM»flI*E
20.8
22.1
22.6
1000
OVER 1000
mtnE
I N NEW YORK 3 /
1 / INCLUDES CERTIFICATES I N DENOMINATIONS OF S 1 0 0 , 0 0 0 Ok MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 ,
1965.
3 / »RIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES uF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 M S I S POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-
DEPOSITS I N THE DENOMINATOR OF THE RATIO I N THIS
INTERBANK AND U . S . GOVERNMENT DEPOSITS.
t&LE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
TABLE 59
R A T I O OF OUTSTANDING NEGOTIABLE TIME
C E R T I F I C A T E S OF DEPOSIT 1 /
TO TOTAL DEPOSITS
AS OF 3 0
APR 1 9 7 *
(NUMBER OF BANKS)
TOTAL D E P O S I T S 2 /
( I N M I L L I O N S OF DOLLARS)
ALL
BANKS I S S U I N G
CD'S
5%
OR
LESS
5
TO
10*
10
TO
15%
15
TO
20%
20
TO
25%
2 5%
OR
MORE
AVERAGE CD
70 DEPOSIT
R A T I O (PER CENT)
37
22
49
34
UNDER 2 0 0
11
13
24
8
15
11
14.9
200 -
16
6
11
13
14
19
18.0
8
2
10
6
10
14
18.1
2
1
4
7
8
15
26.P
PRIME I N NEW YORK 3 /
0
0
0
0
2
5
31.4
PRIME O U T S I D E NEW YORK 3 /
0
0
0
4
3
5
25.0
NONPRIME
2
1
4
3
3
5
20.6
500
500
-
OVER
1000
1000
23.3
1/
INC WOES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF C O N D I T I O N ON DECEMBER 3 1 ,
3/
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G OF THE HIGHEST Q U A L I T Y AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
DEPOSITS I N THE DENOMINATOR OF THE R A T I O
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .
OR MORE ISSUED 8Y WEEKLY
REPORTING B A N K S .
1965.
I N T H I S TABLE ARE TOTAL DEMAND AND T I M E D E P O S I T S ,
INCLUDING
TABLE 5C
PER CENT CHANGE I N OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT / I
2 6 MAR 1 9 7 5 TO 3 0 APR 1 9 7 5
(NUMBER OF BANKS)
DECLINES OF
TOTAL DEPOSITS 2 /
( I N M I L L I O N S OF DOLLARS)
REDUCED
CO*S TO
ZERO
1 0 * OR
MORE
5 TO
10%
H% OR
LESS
NO
CHANGE
INCREASES OF
—
5% OR
5 TO
10% OR
LESS
10%
MORE
ISSUED CD * 5 BUT
HAD NONE OUTSTANDING ON BAS
ALL BANKS I S S U I N G
CD'S
1
70
56
44
8
38
12
19
1
UNDER 2 0 0
1
22
18
17
3
14
3
5
0
200 -
500
0
24
18
10
5
12
4
5
1
500 -
1000
0
14
11
12
0
6
0
7
0
0
10
9
5
0
6
5
2
0
PRIME I N NEW YORK 3 /
0
1
2
1
0
1
2
0
0
PRIME OUTSIDE NEW YORK 3 /
0
4
2
3
0
2
1
0
0
0
S
5
1
0
3
2
2
0
OVER 1 0 0 0
NON PRIME
1/
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 ,
1965.
3 / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET*
NOTE—
THE NUMBER OF BANKS I N T H I S TABLE DIFFERS FROM THOSE I N MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING C D ' S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY,
TABLE 50
PER CENT CHANGE I N OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF DEPOSIT Z1
2 9 JAN 1 9 7 5 TO 3 0 APR 1975
INUMBER OF BANKS)
TOTAL DEPOSITS Z2
( I N M I L L I O N S OF DOLLARS)
REDUCED
C D ' S 25%
TO
OR
ZERO MORE
ALL BANKS I S S U I N G
CD'S
DECLINES OF
20
TO
2 5%
15
TO
20%
10
TO
15%
INCREASE OF
5
TO
10%
5%
OR
LESS
33
18
31
33
35
29
NO
CHANGE
5%
OR
LESS
5
TO
10*
21
13
15
TO
20%
10
TO
15%
20
TO
25%
25%
OR
MORE
ISSUED
C D ' S BUT HAD
NONE
OUTSTANDING
ON BASE OA
12
UNDER 2 0 0
1
10
5
7
10
14
8
0
8
5
2
5
2
5
200 -
500
0
12
7
11
12
11
8
1
6
4
1
2
0
3
1
500 -
1000
0
6
4
8
4
9
5
0
4
2
3
0
2
3
0
0
5
2
5
7
1
8
0
3
2
2
0
1
1
0
0
OVER 1 0 0 0
1
PRIME I N NEW YORK 3 /
0
0
0
1
2
0
1
0
2
0
1
0
0
0
PRIME OUTSIDE NEW YORK 3 /
0
1
2
1
3
0
4
0
0
0
0
0
1
0
0
NONPRIME
0
4
0
3
2
1
3
0
1
2
1
0
0
1
0
1/
INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 ,
3/
1965.
PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY Ah®
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
THE NUMBER OF BANKS I N T H I S TABLE DIFFERS FROM THOSE I N MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR
OUTSTANDINGS TO ZERO.
TABLE 5E
CHANGE I N OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /
OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
2 6 MAR 1975 TO 3 0 APR 1 9 7 5
(NUMBER OF BANKS)
UN
M I L L I O N S OF DOLLARS!
ALL BANKS I S S U I N G
CD'S
31
AND
OVER
200 -
500
1000
PRIME O U T S I O I NEW YORK 3
NON PRIME
1/
4
2
0
13
5
12
7
1
1
17
0
7
2
2
2
0
*
6
1
1
1
1
1
0
6
17
4
8
8
8
4
5
7
/
3
4
2
1
25
1
2
2
31
AND
OVER
15
11
1
2
TO
3%
3
17
1
1
TO
21
19
7
1
11
AND
LESS
39
67
9
I N NEW YORK 3 /
NO
CHANGE
11
AND
LESS
1
TO
21
25
OVER 1000
PRIME
2
TO
31
32
UNDER 200
500 -
INCREASES OF
DECLINES OF
TOTAL DEPOSITS 2 /
0
2
0
4
2
0
2
1
4
0
0
0
1
INCLUDES CERTIFICATES I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2 / TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 ,
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 W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.
NOTE-
DEPOSITS I N THE DENOMINATOR OF THE RATIO I N T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .
TABLE 5F
CHANGE I N OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT 1 /
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
2 9 JAN 1975
TO 30 APR 1975
(NUMBER OF BANKS)
I I N M I L L I O N S OF DOLLARS 1
All
BANKS I S S U I N G
CO e S
UNDER 2 0 0
200 -
500
500 -
1000
OVER 1 0 0 0
INCREASES OF
DECLINES OF
TOTAL DEPOSITS 2/
St
AND
OVER
4
TO
5t
3
TO
4%
2
TO
3*
1%
AND
LESS
1
TO
2%
12
23
30
35
9
2
9
11
12
4
8
9
2
5
8
4
SB
NO
CHANGE
IX
AND
UNDER
41
1
30
7
16
0
14
10
12
14
1
6
3
14
4
0
7
1
6
2
7
0
1
0
1
TO
3
TO
4%
2
TO
3%
2%
4
TO
5%
6
8
4
2
4
3
3
5
0
2
1
3
0
2
0
3
3
2
1
0
0
2
0
1
0
0
13
0
3
0
0
PRIME OUTSIDE NEW YORK 3 /
4
0
0
3
1
3
0
0
0
0
1
0
WOSIPRIME
4
1
1
3
0
4
0
1
3
1
0
0
PRIME I N NEW YORK 3 /
:/
INCLUDES C E R T I F I C A T E S
I N DENOMINATIONS OF § 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
TOTAL DEPOSITS AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 ,
1965.
3 / PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND
WHICH ARE REPORTED BY DEALERS TO TRADE W I T H I N 1 OR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE SECONDARY MARKET.
NOTE-
DEPOSITS I I I THE DENOMINATOR OF THE RATIO I N T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U . S . GOVERNMENT D E P O S I T S .
TABLE 6A
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 3 0 APR 1 9 7 5
(AMOUNTS I N M I L L I O N S OF DOLLARS)
CO # S MATURING I N
ALL
01STRICTS
BOSTON
NEW
YORK
PHILADELPHIA
CLEVELAND
RICHMOND ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
FRATTCISCO
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
MAY
30006.6
1391.8
10883.5
1391.3
1343.7
811.0
1203.9
4666.5
412.0
281.2
630.7
1557.9
5433.1
JUN
17073.1
7*8.6
7029.1
693.a
826.0
500.0
633.9
2417.4
168.6
137.3
419.5
877.1
2651.8
5650.6
476.0
660.6
353.5
497.0
1655,8
140.6
69.8
258.1
727.8
2 004.0
1 9 7 $ APR SO
JUL
12939.1
445.3
AUG
6452.6
316.4
2699.4
199.3
307.0
160.1
228.6
677.8
44.7
32.9
95.4
274.0
1417.0
SEP
4746.8
168.4
1886.2
157.8
222.8
141.0
200.8
479.6
60.1
39.1
88.7
242.1
1060.2
OCT
4306.6
170.0
1665.4
121.4
258.8
108.4
184.2
637.5
45.4
39.8
47.7
191.7
836.3
35.8
101.0
33.7
78.0
176.6
10.4
4.4
27.6
39.3
302.7
35 0 . 3
NOV
1191.7
78.0
304.2
DEC
1071.S
61.3
233.1
71.1
56.2
36.1
45.7
106.1
29.9
12.0
18.2
51.5
1 9 7 6 JAN
1823.7
65.3
586.9
70.5
69.9
30.9
60.8
470.6
21.1
23.3
20.7
75.1
FEB
1229.7
31.5
170.0
23.9
49.4
19.2
52.1
332.6
11.4
31.1
20.3
48.3
439.9
MAR
1016.5
61.5
94.0
41.6
40.9
16.2
29.5
215.2
11.7
8.4
25.6
53.2
418.7
APR
628.1
56.1
122.0
7.7
45.0
17.1
21.8
92.8
11.5
4.3
15.1
47.6
187.1
1634.0
91.8
639.6
59.5
359.0
11.4
83.8
59.4
34.3
10.7
26.0
50.4
208.1
3656.0 31964.0
3349.7
4340.3
2238.6
3320.1 11987.9
1001.7
694.3
1693.6
4236.0
15637.8
MAY OR LATER
TOTAL *
84120.0
32
S
AVERAGE MATURITY
I N MONTHS 2 /
2.6
2.7
2.4
2.3
3.3
2.3
2.7
2.6
2.7
2.7
2.3
2.4
2.9
NUMBER OF REPORTING
BANKS
2*8
16
41
10
18
17
22
36
11
5
17
25
30
1 / INCLUDES ONLY CERTIFICATES ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS.
2/
SEE TECHNICAL APPENDIX B .
Digitized# for
D EFRASER
V A I L S MAY NOW ADD TO WOTALS DUE TO ROUNDING.
TABLE 68
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 3 0 A*»R 1975
IAMOUNTS I N M I L L I O N S OF DOLLARS!
ALL
DISTRICTS
BOSTON
NEW
YORK
MAY
1412%.9
708.8
JUN
539*. T
JUL
6601.4
CO*S MATURING I N
%97S
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
651.2
2320.7
223.6
158.8
332.4
939.8
2401.0
204.0
174.7
890.9
53.7
42.1
159.7
316.8
195.7
265.1
895.9
74.5
42.2
148.3
383.3
955.7
8.1
24.7
73.3
267.9
PHILADELPHIA
CLEVELAND
4667.5
684.3
640.6
397.2
288.7
1852.1
265.1
305.3
206.7
2865.2
242.7
326.1
RICHMOND ATLANTA
AUG
2066.6
34.8
1058.5
53.6
103.8
63.2
43.8
319.0
15.9
SEP
1129.6
26.4
517.5
28.0
69.3
38.9
45.3
147.2
16.0
15.4
12.3
41.4
171.9
OCT
2778.4
39.6
1265.8
61.3
168.7
88.1
123.8
423.2
31.1
25.7
30.7
135.0
385.4
NOV
222.6
6.6
45.9
13.6
27.7
7.2
39.3
41.5
1.6
0.1
2.4
7.9
28.8
DEC
180.2
7.6
31.6
4.8
16.7
4.6
13.3
34.0
2.7
4.1
3.1
3.8
53.9
1 9 7 6 JAN
272.0
4.7
86.6
6.3
30.2
12.4
23.1
28.5
5.8
0.1
3.8
9.8
60.7
FEB
84.0
0.1
19.2
0.0
5.6
2.8
12.2
9.1
2.0
0.3
0.4
0.7
31.6
MAR
197,4
7.4
30.1
2.6
7.0
8.2
6.0
12.0
0.4
2.3
5.9
6.5
109.0
APR OR LATER
806.1
49.0
278.6
6.5
49.5
22.5
26.3
96.0
15.1
4.4
17.2
33.4
207.6
1380.4 12718.6
1368.8
1750.5
1044.8
1424.1
5218.0
442.4
303.6
740.9
1951.7
1.6
2.5
2.3
2.3
2.0
2.1
1.9
1.9
1.9
33859.3
TOTAL *
AVERAGE MATURITY
I N MONTHS 3 /
2.2
L.B
2.3
1 / SEE TECHNICAL APPENDIX A .
2/
3/
*
INCLUDES ONLY C E R T I F I C A T E S ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS.
SEE TECHNICAL APPENDIX B .
D E T A I L S MAY m i
ADD 1 0 TOTALS DUE TO ROUNDING.
2.4
TABLE 6C
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT 1 /
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 3 0 APR 1 9 7 5
(PERCENTAGE D I S T R I B U T I O N )
C D ' S MATURING I N
ALL
DISTRICTS
BOSTON
0.0
0.0
PHILADELPHIA
CLEVELAND
0.0
0.0
0.0
NEW
YORK
RICHMOND ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
C.I TY
DALLAS
SAN
FRANCISCO
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
31.0
36.2
36.3
38.9
41.1
40.5
37.2
36.8
34.7
19.0
22.3
19.1
20.2
16.8
19.8
24.8
20.7
17.0
14.2
15.2
15.8
15.0
13.8
14.0
10.1
15.2
17.2
12.8
8.4
5.9
7.1
7.2
6.9
5.7
4.5
4.7
5.6
6.5
9.1
4,6
5.9
4.7
5.1
6.3
6.0
4.0
6.0
5.6
5.2
5.7
5.1
4.6
5.2
3.6
6.0
4.8
5.5
5.3
4.5
5.7
2.8
4.5
NOV
1.4
2.1
1.0
I.1
2.3
1.5
2.3
1.5
1.0
0.6
1.6
0.9
1.9
DEC
1.3
1.7
0.7
2.1
1.3
1.6
1.4
0.9
3.0
1.7
1.1
1.2
2.2
1 9 7 6 JAN
2.2
1.8
1.8
2.1
1.6
1.4
1.8
3.9
2.1
3.4
1.2
1.8
2.1
1 9 7 5 APR 30
MAY
35.7
38.1
34.0
41.5
JUN
20.3
19.7
22.0
20.7
JUL
15.4
12.2
17,7
AUG
7.7
8.7
SEP
5.6
OCT
FEB
1.5
0.9
0.5
0.7
1.1
0.9
1.6
2.8
1.1
4.5
1.2
1.1
2.8
MAR
1.2
1.7
0.3
1.2
0.9
0.7
0.9
1.8
1.2
1.2
1.5
1.3
2.7
APR
0.7
1.5
0.4
0.2
1.0
0.8
0.7
0.8
1.1
0.6
0.9
1.1
1.2
MAY OR LATER
1.9
2.5
2.0
1.8
8.3
0.5
2.5
0.5
3.4
1.5
1.5
1.2
1.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
TOTAL *
1/
M
INCLUDES ONLY C E R T I F I C A T E S
ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
OR MORE BY WEEKLY REPORTING BANKS.
100.0 '
TABLE 60
MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 3 0 APR 1975
(CUMULATIVE PERCENTAGE)
C D ' S MATURING I N
1975 APR 3 0
ALL
DISTRICTS
0.0
BOSTON
0.0
NEW
YORK
PHILADELPHI A
0.0
0.0
CLEVELAND
RICHMONO ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
SAN
FRAN—
CISCO
#
MAY
35.7
38.1
34.0
41.5
31.0
36.2
36.3
38.9
41.1
40.5
37.2
36.8
34.7
JUN
56.0
57.8
56.0
62.2
50.0
58.5
55.4
59.1
57.9
60.3
62.0
57.5
51.7
JUL
71.4
70.0
73.7
76.4
65.2
74.3
70.4
72.9
71.9
70.4
77.2
74.7
64.5
AUG
79.1
78.7
82.1
82.3
72.3
81.5
77.3
78.6
76.4
75.1
82.8
81.2
73.6
SEP
84.7
83.3
88.0
87.0
77.4
87.8
83.3
82.6
82.4
80.7
88.0
86.9
80.4
OCT
89.8
87.9
93.2
90.6
83.4
92.6
88.ft
87.9
86.9
86.4
90.8
91.4
8 5.7
NOV
91.2
90.0
94.2
91.7
85.7
94.1
91.1
89.4
87.9
87.0
92.4
92.3
87.6
DEC
92.5
91.7
94.9
93.8
87.0
95.7
92.5
90.3
90.9
88.7
93.5
93.5
89.8
1 9 7 6 JAN
94.7
93.5
96.7
95.9
88.6
97.1
94.3
94.2
93.0
92.1
94.7
95.3
91.9
FEB
96.2
94.4
97.2
96.6
89. 7
98.0
95.9
97.0
94.1
96.6
95.9
96.4
94.7
MAR
97.4
96.1
97.5
97. B
90-6
98.7
96.8
98.8
95.3
97.8
97.4
97.7
APR
98.1
97.6
97.9
98.0
91.6
99.5
97.5
99.6
96.4
98.4
98.3
98.8
98.6
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
MAY OR LATER
1/
100.0
100.0
INCLUDES ONLY CERTIFICATES ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS.
i
TABLE 6E
1/
2/
SALES OF NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE D I S T R I C T
AS OF 3 0
SINCE PREVIOUS MONTH
APR 1 9 7 5
(PERCENTAGE D I S T R I B U T I O N )
C D ' S MATURING I N
5
1*75
ALL
DISTRICTS
BOSTON
MAY
41.7
51.3
JUN
IS.4
NEW
YORK
MINNEA*0LIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
44.5
50.5
52.3
44.9
48.2
43.5
12.3
17.1
12.1
13.9
21.6
16.2
15.3
18.6
17.2
16.8
13.9
20.0
19.6
17.3
6. 1
3.6
2.7
3.3
3.8
4.9
CLEVELAND
RICHMONO ATLANTA
36.7
50.0
36.6
38.0
45.7
20.9
14.6
19.4
17.4
19.5
22.5
17.7
18.6
18.7
CHICAGO
JUL
19.5
15.0
AUG
6.1
2.5
8.3
3.9
5.9
6.0
3.1
SEP
3.3
1.9
4.1
2.0
4.0
3.7
3.2
2.8
3.6
5.1
1.7
2.1
3.1
OCT
8.2
2.9
10.0
4.5
9.6
8.4
8.7
8.1
7.0
8.5
4.1
6.9
7.0
NOV
0.7
0.5
0.4
1.0
1.6
0.7
2.8
0.8
0.4
0.0
0.3
0.4
0.5
DEC
0.5
0.6
0.2
0.4
1.0
0.4
0.9
0.7
0.6
1.4
0.4
0.2
la
1 9 7 6 JAN
0.8
0.3
0.7
0.5
1.7
1.2
1.6
0.5
1.3
0.0
0.5
0.5
L.R
FEB
0.2
0.0
0.2
0.0
0.3
0.3
0.9
0.2
0.5
0.1
0.1
0.0
0.6
MAR
0.6
0.5
0.2
0.2
0.4
0.8
0.4
0.2
0.1
0.8
0.8
0.3
2.0
APR OR LATER
2.4
3.5
2.2
0.5
2.8
2.2
1.8
1.8
3.4
1.4
2.3
1.7
3.8
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
TOTAL *
IZ
SEE TECHNICAL
2/
I N C L U D E S ONLY C E R T I F I C A T E S ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
NOTE *
ST.
LOUIS
PHILADELPHIA
SALES
APPENDIX A ,
I N T H I S TABLF ARE NOT ADJUSTED FOR C D ' S
D E T A I L S HAY NOT ADD TO TOTALS DUE TO ROUNDING.
OR MORE BY WEEKLY REPORTING B A N K S .
THAT HAVE MATURED.
i
TECHNICAL APPENDIX A
DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived In the following
manner:
Outstanding CD's maturing in each month of the previous survey are
subtracted from maturities in the same month of the current survey.
Those
CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.
Those CD's maturing after the last individual
month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding
quantity for a time period com-
parable" 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 regulation's is 30 days, the time period between
monthly survey date# (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 DEPPSTT
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 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 i s , they
are weighted averages calculated from the survey date with the assumption made
that all CD's nature 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 comparibility 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 ta
much more sensitive to month-to-month variation in the maturity structure of
sales than Is the case with the outstandings series.
Thua. 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 referencea should be made to actual dollar
•ales b» 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.
@FedFRASER