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L.4.1 CONFIDENTIAL (FR) November 17, 1972 FEDERAL RESERVE BANK of KANSAS CITY ! 1 NOV 30 ' ' Research L i b r o i f - SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF October 25, 1972 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE MATURITY DISTRIBUTION OF OUTSTANDING WEEKLY AS CD'S MATURING 1972 OCTOBER 1973 26 - 31 NEGOTIABLE REPORTING OF AMOUNT ( M I L L I O N S OF DOLLARS) IN I 25 OCT TIME CERTIFICATES OF 1/ DEPOSIT AT BANKS 1972 PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE SALES SINCE PREVIOUS MONTH 2/ ( M I L L I O N S OF D O L L A R S ) 3,278.1 7,8 7,8 NOVEMBER 11,589.6 27,4 35,2 DECEMBER 7,817,9 18.5 53,7 JANUARY 7,063.7 16,7 70,4 2,931.8 FEBRUARY 2,730.7 6,5 76.9 748.8 MARCH 2,651.8 6,3 83,2 APRIL 2,330.7 5,5 88,7 1,328.1 MAY 801.6 1,9 90,6 118.2 JUNE 729.8 1,7 92,3 63.5 JULY 652,7 1.5 93,8 44.0 AUGUST 447.4 1.1 94,9 13.1 SEPTEMBER 524,3 1.2 96,1 89.5 OCTOBER 558.1 1.3 97,4 542.3 1,103.8 2.6 100,0 XXX 42,280.2 100.0 XXX 12,676.9 OVER 12 M O N T H S TOTAL (MEMORANDUM: DECEMBER DECEMBER 1/ INCLUDES 2/ SEE 3/ SALES 11 15 ONLY TECHNICAL OF CD'S TAX 517.3 1,271.3 CERTIFICATES IN APPENDIX A. MATURING AFTER DENOMINATIONS 11 MONTHS. AND DIVIDEND $100,000 OR 4,190,0 R 2,053.0 T 554.6 MATURITIES) 1.2 3.0 OF .0 XXX XXX MORE ISSUED BY WEEKLY 145.4 322.2 REPORTING BANKS. 3/ TABLE 2A 1/ MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S NEW YORK C I T Y . C H I C A G O . AND ALL OTHER WEEKLY R E P O R T I N G AS (IN NEW CD'S MATURING 1972 MILLIONS OCT OF 1972 DOLLARS) ALL CHICAGO CITY SALES PREVIOUS AMOUNT IN 25 SINCE MONTH AT SALES PREVIOUS AMOUNT 2/ SINCE MONTH OTHER WEEKLY AMOUNT 2/ REPORTING SALES PREVIOUS .0 290.6 .0 1,591.9 .0 NOVEMBER 4,778.1 1,555.6 975.1 261.7 5,836.3 2,372.7 DECEMBER 2,688.4 581.9 816.0 302.3 4,313*5 1,168.8 JANUARY 2,674.4 1,216.0 751.8 319.4 3,637.4 1,396.3 FEBRUARY 1,106.6 541.3 186.4 27.2 1,437.7 180.3 MARCH 702.2 183.7 241.3 53.8 1,708.3 317.1 APRIL 700.8 510.3 139.2 114.4 1,490.7 703.4 MAY 161.1 37.7 30.2 2.0 610.3 78.5 JUNE 69.3 8.8 40.7 .6 619.8 54.1 JULY 61.8 3.3 15.2 2.1 575.7 38.7 AUGUST 36.4 .0 59.0 .0 352.0 13.1 SEPTEMBER 59.5 12.0 30.8 4.4 434.1 73.2 OCTOBER 92.9 46.0 82.4 108.5 382.8 387.7 181.0 XXX 78.0 XXX 844.8 XXX 14,708.1 4,696,6 3,736.7 1,196.4 23,835.3 6+783.9 26 OVER - OCT 12 M O N T H S TOTAL NUMBER OF 31 * REPORTING BANKS /3 (MEMORANDUM! 1/ INCLUDES 2/ SEE 3/ SALES ONLY TECHNICAL OF CD'S IN D E N O M I N A T I O N APPENDIX A. MATURING AFTER 11 AND OF DIVIDEND $100,000 OR MORE ISSUED MATURITIES) 353.3 434,9 12.5 103.9 31.2 190.6 47.6 87.4 132.7 6*5,8 CERTIFICATES TAX /3 232 11 12 DECEMBER 1 1 DECEMBER 15 /3 BANKS S I N C E " MONTH 2/ 1,395.6 OCT 1973 YORK OF OF D E P O S I T BANKS BY WEEKLY REPORTING as 3 130.9 BANKS, MONTHS. • T O T A L S M A Y N O T A D D D U E TO R O U N D I N G . V TABLE 2B 1/ MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING CITY, CHICAGO. AS OF 25 NEGOTIABLE AND OCT ALL 1972 (PERCENTAGE NEW CD'S MATURING 1D A Y S AND WEEKLY SEP REPORTING OF DEPOSIT AT BANKS 1972 DISTRIBUTION) CITY CHICAGO ALL OTHER SEP 25 OCT 27 SEP 25 27 OCT SEP 9.5 5.7 7.8 3.6 6.7 3.9 32,5 34.5 26.1 33.0 24.5 29.7 2/ MONTHS 02 MONTHS 18.3 22.4 21.8 20.1 18.1 14.9 03 MONTHS 18.2 14.6 20.1 14.5 15.3 13.5 04 MONTHS 7.5 10.1 5.0 12.2 6.0 9.6 05 MONTHS 4.8 3.9 6.5 4.5 7.2 5.4 06 MONTHS 4.8 3.6 3.7 5.3 6.3 6.0 07 MONTHS 1.1 1.3 .8 .7 2.6 3.4 08 MONTHS ,5 .9 1.1 .8 2.6 2.3 09 MONTHS ,4 .4 .4 1.1 2.4 2.4 10 MONTHS .2 .4 1.6 .4 1.5 2.3 11 MONTHS •4 .3 .8 1.7 1.8 1.5 12 MONTHS •6 .3 2.2 .7 1.6 1.6 1.2 1.6 2.1 1.5 3.5 3.6 100.0 100.0 100.0 100.0 100.0 100.0 OF OR 12 TOTAL 3/ 27 OCT 01 OVER MONTHS * 1/ INCLUDES BANKS. 2/ N U M B E R OF FOLLOWING D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S THE L A S T W E D N E S D A Y OF THE M O N T H . 3/ NUMBER MONTHS • 27 CERTIFICATES IN 25 0—6 YORK OTHER TIME TOTALS OF MAY ONLY NOT CERTIFICATES ADD FOLLOWING DUE TO IN D E N O M I N A T I O N S THE SURVEY ROUNDING. MONTH. $100,000 PERIOD MORE VARIES ISSUED WITH THE FY WEEKLY NUMBER OF REPORTING DAYS TABLE MATURITY DISTRIBUTION NEW YORK OF OUTSTANDING CITY, CHICAGO* AS OF 25 NEGOTIABLE AND OCT ALL 1972 (CUMULATIVE NEW OCT OTHER AND WEEKLY SEP s 2/ 3/ DEPOSIT^AT BANKS 1972 SEP 25 OCT ALL SEP 25 OCT 27 SEP i i i i i i « i I i 27 OTHER 9.5 5.7 7.8 3,6 6,7 3,9 42.0 40.2 33,9 36,6 31.2 33.6 01 MONTHS 02 MONTHS 60.3 62.6 55.7 56,7 49.3 48.5 03 MONTHS 78.5 77.2 75,8 71,2 64.6 62.0 04 MONTHS 86.0 87.3 80.8 83,4 70.6 71.6 05 MONTHS 90.8 91.2 87.3 87,9 77.8 77.0 06 MONTHS 95.6 94.8 91.0 93,2 84.1 83.0 07 MONTHS 96.7 96.1 91,8 93,9 86,7 86.4 08 MONTHS 97.2 97.0 92,9 94,7 89,3 88.7 09 MONTHS 97.6 97.4 93,3 95,8 91,7 91.1 10 MONTHS 97.8 97.8 94,9 96,2 93,2 93.4 11 MONTHS 98.2 98.1 95,7 97,9 95,0 94.9 12 MONTHS 98.8 98.4 97,9 98.6 96,6 96.5 100.0 100.0 100,0 100,0 100,0 100.0 OF OR OVER DAYS REPORTING OF CHICAGO i i i i i i i i i i i 0*6 CERTIFICATES DISTRIBUTION) CITY 27 27 TIME 1 1 1 1 1 1 1 1 1 1 1 1 1 a i 2 5 YORK 2C 12 M O N T H S 1/ INCLUDES BANKSE 2/ N U M B E R OF FOLLOWING D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S THE L A S T W E D N E S D A Y OF THE M O N T H , 3/ NUMBER MONTHS • OF ONLY CERTIFICATES FOLLOWING • IN THE DENOMINATIONS SURVEY • $100*000 PERIOD MORE VARIES ISSUED WITH THE BY WEEKLY NUMBER OF REPORTING DAYS MONTH. # # # # # E A * TABLE # 3A # MATURITY # # # # # DISTRIBUTION OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2/ AS OF 25 OCT 1972 ( A M O U N T S IN M I L L I O N S O F D O L L A R S ) OF DEPOSIT $1 1973 OCT IN 26-31 TOTAL $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION 1/ BILLION AND PRIME TOTAL . OVER 3/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 3,278.0 182.5 378.0 502.7 2,214.8 1,343.3 597.9 273.6 NOVEMBER 11*589.6 694.6 1,453.2 1,919.1 7,522.7 4,458.0 1,833.5 1,231.2 DECEMBER 7,817.8 480.9 1,066.5 1,337.7 4,932.7 2,493.7 1,599.4 839.6 JANUARY 7,063.6 364.9 788.6 1,028.9 4,881.2 2,581.9 1,415.5 883.8 FEBRUARY 2,730.6 166.6 323.8 391.8 1,848.4 1,066,8 461.8 319.8 MARCH 2,651.8 136.0 321.2 395.9 1,798.7 687.8 770.4 340.5 APRIL 2,330.8 95.5 266.6 353.3 1,615.4 653.4 584.7 377.3 MAY 801.5 55.0 113.3 147.7 485.5 146.7 203.3 135.5 JUNE 729.7 57.4 149.5 144.8 378.0 62.2 138.5 177.3 JULY 652.6 46.6 109.7 148.3 348.0 53.3 159.7 135.0 AUGUST 447.3 61.5 92.4 85.1 208.3 33.9 100.8 73.6 SEPTEMBER 524.2 47.9 89.1 101.2 286.0 52,9 95,4 137.7 OCTOBER 557.9 31.3 79.3 67.1 380.2 64.7 163.1 152.4 1,103.8 75.0 121.7 238.6 668.5 167.8 398.4 102.3 42,279.2 2,495.7 5,352.9 6,862.2 27,568.4 13,866.4 8,522.4 5,179.6 NOVEMBER OR L A T E R TOTAL • TAX AND DIVIDEND MATURITIES) ------- 1 # I • I 1 1 1 • 1 1 • 1 1 1 1 1 • 1 1 1 1 1 1 1972 MATURING # • CD'S # DECEMBER 11 517.2 32.8 69.3 104.5 310.6 128.8 96.5 65.3 DECEMBER 15 1,271.2 38.6 111.7 135.5 985.4 569.1 265.4 150.9 37 7 12 18 t MPMnDAKinilMl 255 86 NUMBER 82 OF A A KJK<11 50 _____ 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 O F * 1 0 0 , 0 0 0 OR M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S . 2 / T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 . Digitized for 3 /FRASER P R I M E B A N K S ARE T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . http://fraser.stlouisfed.org/ • T OBank T A L Sof St. M A YLouis NOT A D D DUE TO R O U N D I N G . Federal Reserve QUALITY AND WHICH ARE - TABLE 3B SALES /!/ OF 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 S I N C E P R E V I O U S AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 3 / AS OF 2 5 O C T 1 9 7 2 ( A M O U N T S IN M I L L I O N S O F D O L L A R S ) MONTH $1 $200 CD'S 1972 1973 MATURING OCT IN TOTAL $200 MILLION AND UNDER $500 MILLION TO MILLION $500 $1 MILLION TO BILLION 2/ BILLION AND PRIME OVER 4/ OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY TOTAL 26-31 NOVEMBER 4,189.9 288.9 615.0 732.5 2.553.5 1,462.2 617.1 474.2 DECEMBER 2,053.0 140.8 334.9 425.5 1,151.8 536.9 379.9 235.0 JANUARY 2,931.7 148.7 273.7 412.7 2.096.6 1,170.6 546.5 379,5 FEBRUARY 748.7 22.7 46.4 77.2 602.4 536,1 45.7 MARCH 554.6 12.7 66.5 79.0 396.4 178.3 184.2 33.9 APRIL 1,328.3 49.7 134.3 152.6 991.7 482.4 310.5 196.8 118.1 7.9 10.4 25.6 74.2 33.4 JUNE 63.5 2,9 10.4 13.6 36.6 JULY 44.1 2,9 10.8 12.8 17.6 AUGUST 13.1 1.3 2.9 3.8 SEPTEMBER 89.3 9.6 11.3 OCTOBER OR L A T E R 542.0 37.0 12,676.3 725.1 MAY TOTAL * (MEMORANDUM: DECEMBER 11 145.4 DECEMBER 15 322.3 10.1 8.8 — 255 1/ 2/ 3/ 4/ 86 18.6 22.2 5.3 14.6 16.7 3.2 12.1 2.3 5.1 0.0 0.5 4.6 22.1 46.3 11.8 10.0 24.5 86.4 54.4 364.2 30.2 165.7 168.3 1#603.0 2,011.8 8,336.4 4,450.4 2,305.4 1,580.6 TAX AND DIVIDEND MATURITIES) — 17,8 36.4 81,1 44.7 16.0 20.4 34.1 70.0 209.4 86.4 106.6 16.4 12 18 (MEMORANDUM! NUMBER 82 OF BANKS) 50 37 SEE T E C H N I C A L A P P E N D I X A. I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S O F $ 1 0 0 , 0 0 0 OR M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S , T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N ON D E C E M B E R 3 1 , 1 9 6 5 . P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G O F T H E H I G H E S T R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . http://fraser.stlouisfed.org/ * T O T A L S ^ Y NOT A D D D U @ TO R O U N D I N G ^ • # # # # Federal Reserve Bank of St. Louis 20.6 QUALITY # AND WHICH ARE TABLE MATURITY 3C D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E O F B A N K S 2 / A S OF 2 5 O C T 1 9 7 2 PERCENTAGE DISTRIBUTION OF DEPOSIT $1 $200 CD'S MATURING IN TOTAL MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION 1/ BILLION AND PRIME TOTAL NEW YORK CITY 1972 1973 OVER 3/ OUTSIDE NEW YORK CITY NON-PRIME 7.8 7.3 7.1 7.3 8.0 9.7 7.0 5.3 NOVEMBER 27.4 27.8 27.1 28.0 27.3 32.1 21.5 23.8 DECEMBER 18.5 19.3 19.9 19.5 17.9 18.0 18.8 16.2 JANUARY 16.7 14.6 14.7 15.0 17.7 18.6 16.6 17.1 FEBRUARY 6.5 6.7 6.0 5.7 6.7 7.7 5.4 6.2 MARCH 6.3 5.4 6.0 5.8 6.5 5.0 9.0 6.6 APRIL 5.5 3.8 5.0 5.1 5.9 4.7 6.9 7.3 MAY 1.9 2.2 2.1 2.2 1.8 1.1 2.4 2.6 JUNE 1.7 2.3 2.8 2.1 1.4 0.4 1.6 3.4 JULY 1.5 1.9 2.0 2.2 1.3 0.4 1.9 2.6 AUGUST 1.1 2.5 1.7 1.2 0.8 0.2 1.2 1.4 SEPTEMBER 1.2 1.9 1.7 1.5 1.0 0.4 1.1 2.7 OCTOBER 1.3 1.3 1.5 1.0 1.4 0.5 1.9 2.9 NOVEMBER OR L A T E R 2.6 3.0 2.3 3.5 2.4 1.2 4.7 2.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OCT 26*31 TOTAL • DIVIDEND MATURITIES) DECEMBER 11 1.2 1.3 1.3 1.5 1.1 0.9 1.1 1.6 DECEMBER 15 3.0 1.5 2.1 2.0 3.6 4.1 3.1 2.9 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 O F $ 1 0 0 , 0 0 0 OR M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S . 2 / T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N O N D E C E M B E R 3 1 T 1 9 6 5 . 3 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T R E P O R T E D B Y D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . * T O T A L S M A Y NOT ADD D U E TO R O U N D I N G . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis QUALITY AND WHICH ARE TABLE 3D 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 AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 2 / AS OF 2 5 O C T 1 9 7 2 CUMULATIVE PERCENTAGE OF DEPOSIT $1 CD'S MATURING IN TOTAL $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 $1 MILLION TO BILLION 1/ BILLION AND PRIME TOTAL NEW YORK CITY 1972 1973 OCT 26-31 OVER 3/ OUTSIDE NEW YORK CITY NON-PRIME 7.8 7.3 7.1 7.3 8.0 9.7 7.0 5.3 NOVEMBER 35.2 35.1 34.2 35.3 35.3 41.8 28.5 29.1 DECEMBER 53.7 54.4 54.1 54.8 53.2 59.8 47.3 45.3 JANUARY 70.4 69.0 68.8 69.8 70.9 78.4 63.9 62.4 FEBRUARY 76.9 75.7 74.8 75.5 77.6 86.1 69,3 68.6 MARCH 83.2 81.1 80.8 81.3 84.1 91.1 78.3 75.2 APRIL 88.7 84.9 85.8 86.4 90.0 95.8 85.2 82.5 MAY 90.6 87.1 87.9 88,6 91.8 96.9 87,6 85.1 JUNE 92.3 89.4 90.7 90.7 93.2 97.3 89.2 88.5 JULY 93.8 91.3 92.7 92.9 94.5 97.7 91.1 91.1 AUGUST 94.9 93.8 94.4 94.1 95.3 97.9 92.3 92.5 SEPTEMBER 96.1 95.7 96.1 95.6 96.3 98.3 93.4 95.2 OCTOBER 97.4 97.0 97.6 96.6 97.7 98.8 95.3 98.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 NOVEMBER OR L A T E R 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 O F $ 1 0 0 , 0 0 0 OR M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S . 2 / T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T O F C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 . 3 / P R I M E B A N K S ARE T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G OF THE H I G H E S T R E P O R T E D B Y D E A L E R S TO T R A D E W I T H I N 1 O R 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . QUALITY AND WHICH ARE TABLE 3E SALES /!/ OF 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 S I N C E P R E V I O U S AT W E E K L Y R E P O R T I N G B A N K S B Y S I Z E O F B A N K S 3 / A S OF 2 5 O C T 1 9 7 2 PERCENTAGE DISTRIBUTION MONTH $1 $200 CD'S 1972 1973 MATURING OCT IN TOTAL $200 MILLION AND UNDER $500 MILLION TO MILLION $500 $1 MILLION TO BILLION 2/ BILLION AND PRIME TOTAL OVER 4/ NEW YORK CITY OUTSIDE NEW YORK CITY NON-PRIME 26-31 NOVEMBER 33.1 39.8 38.4 36.4 30,6 32,9 26,8 30,0 DECEMBER 16.2 19.4 20,9 21.2 13.8 12,1 16,5 14,9 JANUARY 23,1 20.5 17,1 20.5 25,1 26.3 23,7 24,0 FEBRUARY 5,9 3,1 2,9 3.8 7,2 12.0 2,0 1.3 MARCH 4,4 1,6 4,1 3.9 4,8 4.0 8,0 2.1 APRIL 10.5 6.9 8,4 7.6 11.9 10.8 13,5 12,6 MAY 0,9 1,1 0,6 1,3 0,9 0.8 0,8 1.4 JUNE 0.5 0,4 0,6 0,7 0,4 0.1 0,6 1,1 JULY 0.3 0,4 0,7 0,6 0,2 0.1 0,5 0.1 AUGUST 0.1 0,2 0,2 0.2 0,1 0,0 0,0 0.3 SEPTEMBER 0.7 1,3 0,7 1,1 0,6 0.3 0,4 1,6 OCTOBER OR L A T E R 4.3 5.1 5.4 2.7 4.4 0.7 7,2 10,6 100.0 100.0 100.0 100.0 100.0 100.0 100,0 100,0 TOTAL * (MEMORANDUMS TAX AND DIVIDEND MATURITIES) — DECEMBER N 1,1 1,4 1,1 1,8 1,0 1.0 0,7 1,3 DECEMBER 15 2,5 1#2 2,1 3,5 2,5 1,9 4,6 1,0 (MEMORANDUM! 255 86 NUMBER 82 OF BANKS) 50 1/ S E E T E C H N I C A L A P P E N D I X A . 2 / I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S O F $ 1 0 0 , 0 0 0 OR M O R E I S S U E D B Y W E E K L Y R E P O R T I N G B A N K S . 3 / T O T A L D E P O S I T S A S R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N O N D E C E M B E R 3 1 $ 1 9 6 5 , 4 / P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T , T O T A L S M A Y NOT A D D D U E TO R O U N D I N G , Digitized #for FRASER 18 12 37 QUALITY AND WHICH ARE TABLE AVERAGE *A MATURITY OF OUTSTANDING NEGOTIABLE AT AT TIME WEEKLY REPORTING VARIOUS (IN BANK CERTIFICATES SURVEY DATES 1972 27 REPORTING ISSUING AUG 1972 LOCATION) 2.9 2.3 2.2 2.3 CHICAGO 2.7 2.5 2.6 OTHER 3.4 3.3 3.3 YORK CD'S CITY $200 $200-5500 MILLION MILLION $500-$LT000 OVER $1 MILLION BILLION PRIME IN NEW PRIME OUTSIDE YORK CITY 3/ NEW YORK CITY 3/ NON-PRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE A R E R E P O R T E D RY # 30 2.9 UNDER # 1972 BANKS (BY SURVEY 2.9 NEW CERTIFICATES AS OF SEP (BY ALL 1/ BANKS DATE OCT DEPOSIT MONTHS) CLASSIFICATION 25 OF IN DENOMINATIONS REPORTED # IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E # OF $100,000 REPORT OF OR SIZE OF BANK) 2/ 3.1 3.0 3.0 3.1 3.0 3.0 3.0 3.1 3.2 2.9 2.8 2.8 2.2 2.2 2.3 3.4 3.4 3.4 3.5 3.3 3.2 MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31. REPORTING BANKS. 1965. C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . # # # # # # # e e e # e e # e e TABLE 48 AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS) BANK CLASSIFICATION DATE OF SURVEY 25 OCT 1972 27 SEP 1972 30 AUG 1972 (BY LOCATION) ALL REPORTING BANKS ISSUING CD'S 2.9 2.5 2.4 NEW YORK CITY 2.6 1.9 1.9 CHICAGO 3.3 2.7 3.0 OTHER 3.0 2.9 2.6 (BY SIZE OF BANK) 2/ 2.6 2.4 2.5 $200-5500 MILLION 2.7 2.7 2.6 $500-$lt000 MILLION 2.6 2.6 2.4 OVER $1 BILLION 3.0 2.5 2.3 PRIME IN NEW YORK CITY 3/ 2.6 2.0 1.9 PRIME OUTSIDE NEW YORK CITY 3/ 3.4 2.9 2.8 NON-PRIME 3.6 3.4 CD (V UNDER $200 MILLION 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. e e TABLE RATIO OF OUTSTANDING NEGOTIABLE TO AT TOTAL VARIOUS (PER 5A TIME CERTIFICATES TOTAL DEPOSITS 2/ M I L L I O N S OF D O L L A R S ) ALL BANKS CD'S 25 OCT SURVEY DATES CENT) 1972 27 OF SEP SURVEY 1972 30 AUG 1972 ISSUING 14.7 15.1 200 11.0 11.3 11.6 200 - 500 12.7 12.8 13.4 500 - 13.4 13.1 13.4 16.5 16.2 16.5 22.1 22.2 22.9 12.1 11.8 11.7 15.0 14.7 15.0 OVER 1000 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE A R E R E P O R T E D BY CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON 9Y WEEKLY DECEMBER 31, REPORTING RANKS. 1965. C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G O F T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 R A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T , D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. 1/ 14.9 UNDER NOTE- DEPOSIT DEPOSITS DATE (IN OF IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS* INCLUDING E # # E E # E TABLE RATIO OF OUTSTANDING NEGOTIABLE TOTAL (IN ALL DEPOSITS TOTAL DEPOSITS AS OF OCT MILLIONS BANKS CD'S OF 5 TO 10% 5% OR LESS 2/ DOLLARS) CERTIFICATES TO (NUMBER • • SB TIME 25 E OF OF DEPOSIT 1/ 1972 BANKS) 20 TO 25% 15 TO 20% 10 TO 15% A V E R A G E CD TO D E P O S I T R A T I O (PER C E N T ) 25% OR MORE ISSUING 46 59 61 48 20 21 14,9 200 19 26 20 13 3 5 11.0 200 - 500 17 17 18 17 6 7 12.7 500 «* 1 0 0 0 8 6 15 13 5 3 ?13.4 1000 2 10 8 5 6 6 16.5 0 0 0 2 3 2 22.1 0 6 2 2 1 1 12.1 2 4 6 1 2 3 15.0 UNDER OVER PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING BANKS. 1965. C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING - # TABLE PER CENT CHANGE IN OUTSTANDING 27 SEP NEGOTIABLE 1972 TO (NUMBER DECLINES TOTAL (IN ALL DEPOSITS MILLIONS BANKS CD'S OF REDUCED C D ' S TO ZERO 2/ DOLLARS) 1 0 % OR MORE 5C OF 25 TIME OCT CERTIFICATE OF /I INCREASES OF 1972 BANKS) OF 5 TO 10* DEPOSIT 5 * OR LESS NO CHANGE 5 % OR LESS ISSUING 1 0 % OR MORE 5 TO 10% ISSUED CD'S BUT HAD NONE OUTSTANDING ON B A S E D A T E 1 27 24 61 16 46 27 54 0 200 1 16 5 18 6 12 7 22 0 200 - 500 0 7 7 26 7 14 10 11 0 500 - 0 3 6 10 3 13 7 8 0 0 1 6 7 0 7 3 13 0 0 0 1 2 0 2 0 2 0 0 0 2 1 0 2 2 5 0 0 1 3 4 0 3 1 6 0 UNDER OVER 1000 1000 PRIME IN N E W PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME CERTIFICATES 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE A R E R E P O R T E D BY NOTE- THE HAD AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E N U M B E R O F B A N K S IN T H I S O U T S T A N D I N G C D ' S ON THE OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING RANKS. 1965, C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T • T A B L E D I F F E R S F R O M T H O S E IN M O S T O T H E R LAST SURVEY REDUCED THFIR OUTSTANDINGS T A B L E S TO T H E E X T E N T T H A T TO Z E R O O N T H I S S U R V E Y . BANKS THAT TABLE PER CENT CHANGE IN OUTSTANDING 26 JUL NEGOTIABLE 1972 TO (NUMBER ;;»L U N DEPOSITS MILLIONS OF /2 DOLLARS, 25. MORE 20 15 10 25% 20* 15% 7 200 1 5 200 - 500 0 2 500 - 0 0 2 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1000 1000 IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE A R E R E P O R T E D BY NOTE- THE HAD CERTIFICATES AS 7 3 TO 4 OF DEPOSIT /I 1972 BANKS) IN 10% LESS CHANGE 16 25 ^ 10 15 =0 15% 20% 25% LESS 10% 8 2, 2, 2. 25 6 SMT.NOIN. MORE ON 13 » 3 19 1 7 7 7 3 F T 4 10 10 6 4 2 7 7 5 2 0 5 5 0 1 0 0 1 0 1 3 1 0 0 0 0 2 0 0 0 1 4 0 0 5 0 0 0 2 2 0 4 CALL OF $100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, 7 6 0 7 7 5 4 ^ 4 BASE 2 8 5 1 2 9 0 9 2 REPORTING 9 1 0 0 4 0 BANKS. 1965. C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . T A B L E D I F F E R S F R O M T H O S E IN M O S T S U R V E Y T H R E E M O N T H S P R I O R TO THE O T H E R T A B L E S TO CURRENT SURVEY. THE EXTENT THAT REDUCED THEIR M.F 25. 1 WHOSE NEGOTIABLE D E A L E R S TO T R A D E ZERO. M 1 4 THE NO 6 IN D E N O M I N A T I O N S REPORTED 13 5, * 2 N U M B E R O F B A N K S IN T H I S O U T S T A N D I N G C D ' S ON THE OUTSTANDINGS 6 ^ 1 PRIME OF OCT CERTIFICATE I " S " U T CD'S " OVER ?5 TIME .EDO- ZERO UNDER SD BANKS THAT DATE TABLE CHANGE IN OUTSTANDING OVER THE NEGOTIABLE MONTH AT AS THE 27 A PER SEP 1972 (IN ALL DEPOSITS MILLIONS BANKS CD'S OF 2/ DECLINES DOLLARS) 3% AND ' OVER 2 TO 3* TIME CENT BEGINNING TO (NUMBER TOTAL SE OF 25 OF CERTIFICATES OF TOTAL THE OCT OF DEPOSIT 1/ DEPOSITS PERIOD 1972 BANKS) OF INCREASES 1 TO 2* H AND LESS NO CHANGE 1% AND LESS 1 TO 2% OF 2 TO 3* 3* AND OVER ISSUING 5 6 24 77 16 72 30 1* 11 UNDER 200 5 2 9 23 6 22 11 4 4 200 - 500 0 2 8 30 7 19 11 3 2 500 • 1000 0 1 4 14 3 19 4 3 2 0 1 3 10 0 12 4 4 3 0 1 0 2 0 2 0 1 1 0 0 2 1 0 5 3 1 0 0 0 1 7 0 5 1 2 2 OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE A R E R E P O R T E D BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF S100,000 REPORT OF OR MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING BANKS. 1965. C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. GOVERNMENT DEPOSITS. IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE CHANGE IN OVER OUTSTANDING THE LAST NEGOTIABLE THREE AT MONTHS THE 26 AS BEGINNING JUL 1972 TO (NUMBER TOTAL (IN DEPOSITS MILLIONS OF 2/ DECLINES 5% DOLLARS) AND OVER 4 3 TO TO 5ft 4ft OF 5F TIME CERTIFICATES A PER OF 25 CENT THE OCT OF OF TOTAL DEPOSIT 1/ DEPOSITS PERIOD 1972 BANKS) OF INCREASES 2 TO 3% 1 1% TO AND LESS 2% 1ft NO CHANGE 1 AND UNDER 2 TO TO 3ft 2ft OF 3 4 5ft TO TO AN# OVER 4ft 5ft m* mm ** im ****#» ALL BANKS CD'S ISSUING 1 2 2 11 21 41 8 63 35 29 17 6 16 UNDER 200 1 1 2 7 6 16 2 19 15 5 4 3 4 200 - 500 0 1 0 3 10 13 4 17 11 12 3 1 5 500 - 1000 0 0 0 1 2 a 2 15 6 7 5 1 3 OVER 1000 0 0 0 0 3 4 0 12 3 5 5 1 4 0 0 0 0 1 0 0 1 0 1 3 0 1 0 0 0 0 1 1 0 3 2 3 0 0 2 0 0 0 0 1 3 0 8 1 1 2 1 1 PRIME IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE R E P O R T E D BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE NEGOTIABLE D E A L E R S TO T R A D E OF $100,000 REPORT MORE CONDITION ISSUED ON BY WEEKLY DECEMBER 31, REPORTING BANKS. 1965, C E R T I F I C A T E S OF D E P O S I T A R E R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y A N D W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . D E P O S I T S IN T H E D E N O M I N A T O R O F T H E R A T I O INTERBANK AND U.S. G O V E R N M E N T DEPOSITS. OF OR IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE MATURITY DISTRIBUTION OF 6A 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 (AMOUNTS OF IN 25 OCT CERTIFICATES OF DEPOSIT 1/ 1972 MILLIONS OF DOLLARS) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 407.1 43.3 33.7 70.3 159.9 355.4 440,3 1361.8 191,1 141.8 220,3 655.6 1187.2 250.2 309,6 1161.4 130.1 107.6 169,1 484.2 907,0 334.7 190.4 266,7 1051.3 132.5 80.0 144.1 332.3 971.2 117.7 145.8 80.5 89,8 274.2 61.5 40.3 66.9 154.8 402.6 816.3 167.1 139.4 92.0 112,7 338.1 36.4 18.0 53.6 138.3 594.8 87.1 852.2 125.7 136.9 104,7 70,8 217.0 23.1 15.1 66.2 118.2 513.7 801.7 42.3 189.9 65.5 94.0 40,8 28,7 67.1 13.6 6.6 26,5 40.8 185.9 JUN 729.9 44.3 96.1 111.9 57,7 32.2 61,2 74,4 10.1 15.2 25,1 55.1 146.6 JUL 652.8 27.9 90.9 61.8 37.7 16.9 67,6 36.9 13.0 3.4 27.7 54,8 214.2 AUG 447.4 20.3 54.3 45,3 38,4 25.6 36,1 83.4 9.3 1 E9 36.0 29,7 67.1 SEP 524.3 20.5 82.8 47.0 23.7 15.3 49,6 60.3 10.3 1.0 23.7 59,4 130.7 OCT 558.3 16.2 101.1 69.2 31.9 19.1 32,0 102.1 8.0 1.4 12.1 32.9 132.3 1103.7 41.6 187.4 83,2 320.5 23.0 55.2 98.5 17.9 7.7 39.3 24.8 204.6 42280.3 2020.0 17102.7 1861.7 2409.2 1333.5 1710.7 5333,6 700.2 473.7 980.9 2340.8 6013.3 AVERAGE MATURITY IN M O N T H S 2 / 2.9 2.6 2.2 4.2 4.3 3.0 3.5 2.7 2.9 2.4 3.6 2.9 3.7 NUMBER BANKS 255 18 41 9 20 17 23 35 11 5 20 24 32 CD'S 1972 1973 MATURING ALL DISTRICTS BOSTON 3278,0 202.3 NOV 11589.7 DEC PHILADELPHIA CLEVELAND RICHMOND ATLANTA 1581.7 60.5 145,4 128.0 90,4 579.8 5589,4 403.7 503,9 314.8 7817,8 441.6 3182.2 275.6 399,2 JAN 7063.6 270.1 3062.8 227.5 FEB 2730,5 80.8 1215.6 MAR 2651.9 145.2 APR 2330.7 MAY OCT NOV TOTAL 1/ IN 26-OCT OR 31 LA I * OF INCLUDES NEW YORK REPORTING ONLY CERTIFICATES ISSUED IN 2/ SEE TECHNICAL APPENDIX B. http://fraser.stlouisfed.org/ • D E T A I L ^ M A Y NOT ADD W TOTALS DUE J O Federal Reserve Bank of St. Louis DENOMINATIONS ROUNDING. - OF $100,000 OR MORE BY CHICAGO WEEKLY REPORTING BANKS. # # e e • • TABLE 1/ SALES OF NEGOTIABLE TIME BY (AMOUNTS IN 25 • 2/ OCT SINCE PREVIOUS MONTH 1972 MILLIONS OF DOLLARS) KANSAS CITY DALLAS SAN FRANCISCO 382.0 82.7 59.2 96.6 296.9 569.3 105.0 380.0 51.1 48.3 31.5 202.9 150.2 72.8 88.3 460.1 47.3 17.5 53.5 125.3 336.4 22.0 11.5 11.6 45.5 20.5 15.2 5.8 6.2 18.3 7.6 28.6 25.3 19.4 64.9 5.6 9.2 15.1 10.6 144.2 622.0 24.3 39.3 61.7 37.8 152.4 6.8 6.5 25.2 63.2 251.9 4.2 46.9 0.4 38.4 12.4 0.9 4.0 0.1 0.9 0.3 0.6 9.0 63.6 1.4 16.6 1.7 5.9 5.3 1.1 6.8 0.2 0.5 0.3 10.6 13.2 JUL 44.0 4.9 7.7 0.7 2.4 0.9 4.1 6.4 4.5 0.0 2.4 0.2 9.8 AUG 13.6 0.2 0.5 0.0 1.6 4.6 0.2 0.3 0.6 0.0 0.8 0.1 4.7 SEP 89.6 1.1 22.4 0.3 2.4 4.0 6.5 9.9 0.3 0.4 3.2 24.8 14.3 542.2 10.9 56.7 77.1 23.5 19.0 20.4 127.4 7.7 2.0 12.6 42.7 142.2 12677.8 496.5 5662.8 379.8 582.6 373.4 227.4 159.7 247.3 784.1 1663.5 IN BOSTON 1972 N O V 4190.1 191.9 DEC 2053.1 JAN PHILADELPHIA CLEVELAND RICHMOND ATLANTA 1941.0 122.0 205.1 77.7 165.7 109.7 740.9 52.0 103.3 78.2 2931.8 97.1 1432.5 90.9 110.1 FEB 748.9 15.8 573.7 2.8 MAR 554.6 22.2 201.9 APR 1328.2 37.1 MAY 118.1 JUN OCT OR LATER * AVERAGE MATURITY IN M O N T H S 3 / 1/ SEE 2/ INCLUDES 3/ SEE • OF • MINNEAPOLIS ALL DISTRICTS TOTAL 6B • ST. LOUIS MATURING 1973 • C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS FEDERAL RESERVE DISTRICT AS CD'S • TECHNICAL ONLY TECHNICAL DETAILS MAY NOT 2.3 2.8 APPENDIX NEW YORK 2.5 ISSUED IN D E N O M I N A T I O N S A P P E N D I X TI. TO 2.9 1639.7 461.0 W * W— — •— — — — — — — 2.6 3.5 3.1 —— — — — — — — —- - - - - - - - - - - - - - - - - - - - - - - - 2.4 A. CERTIFICATES ADD 4.0 CHICAGO TOTALS DUE TO ROUNDING, OF $100,000 OR MORF BY WEEKLY REPORTING BANKS. 2.1 2.6 2.7 3.5 TABLE MATURITY DISTRIBUTION OF O U T S T A N D I N G NEGOTIABLE TIME AT W E E K L Y R E P O R T I N G B A N K S BY F E D E R A L R E S E R V E D I S T R I C T AS OF 25 (PERCENTAGE CD'S 1972 1973 MATURING ALL DISTRICTS BOSTON 7.8 10.0 NOV 27.4 DEC 1/ OCT CERTIFICATES OF DEPOSIT 1/ 1972 DISTRIBUTION) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 7.6 6.2 7.1 7.2 6*8 5.9 25.7 25.5 27.3 29.9 22.5 28.0 19.7 18.8 18.1 21.8 18.6 22.7 17.2 20.7 15.1 13.9 14.3 15.6 19.7 18.9 16.9 14,7 14.2 16.2 6.3 6.1 6.0 5.2 5.1 8.8 8.5 6.8 6.6 6.7 4.8 9.0 5.8 6.9 6.6 6.3 5.2 3.8 5.5 5.9 9.9 4.3 5.0 6.8 5.7 7.9 4.1 4.1 3.3 3.2 6.7 5.0 8.5 1.9 2.1 1.1 3.5 3.9 3.1 1.7 1.3 1.9 1.4 2.7 1.7 3.1 JUN 1.7 2.2 0.6 6.0 2.4 2.4 3.6 1.4 1.4 3.2 2.6 2.4 2.4 JUL 1.5 1.4 0.5 3.3 1.6 1.3 4.0 0.7 1.9 0.7 2.8 2.3 3.6 AUG 1.1 1.0 0.3 2.4 1.6 1.9 2.1 1.6 1.3 0.4 3.7 1.3 1.1 SEP 1.2 1.0 0.5 2.5 1.0 1.1 2.9 1.1 1.5 0.2 2.4 2.5 2.2 OCT 1.3 0.8 0.6 3.7 1.3 1.4 1.9 1.9 1.1 0.3 1.2 1.4 2.2 2.6 2.1 1.1 4.5 13.3 1.7 3.2 1.8 2.6 1.6 4.0 1.1 3.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OR BY PHILADELPHIA CLEVELAND RICHMOND ATLANTA 9.2 3.2 6.0 9.6 5.3 28.7 32.7 21.7 20.9 23.6 18.5 21.9 18.6 14.8 16.6 JAN 16.7 13.4 17.9 12.2 FEB 6.5 4.0 7.1 MAR 6.3 7.2 APR 5.5 MAY OCT NOV TOTAL IN 6C 26-OCT OR LATER * INCLUDES 31 ONLY CERTIFICATES ISSUED NEW YORK IN D E N O M I N A T I O N S OF $100,000 MORE CHICAGO WEEKLY REPORTING BANKS. • • • • • • • TABLE MATURITY DISTRIBUTION OF OF 25 (CUMULATIVE • • OCT CERTIFICATES OF DEPOSIT 1/ 1972 PERCENTAGE) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 7.6 6.2 7.1 7,2 6.8 5.9 31.0 33.1 33.5 37.0 29.7 34.8 25.6 52.0 49.1 54.9 52.1 59.7 46.9 55.5 40.7 57.4 66.3 64.7 74.6 71.0 76.6 61.6 69.7 56.9 58.2 63.5 72.3 69.9 79.7 79.8 85.1 68.4 76.3 63.6 90.3 67.2 69.3 79.2 76.5 86.0 85.0 88.9 73.9 82.2 73.5 89.5 95.3 74.0 75.0 87.1 80.6 90.1 88.3 92.1 80.6 87.2 82.0 90.6 91.6 96.4 77.5 78.9 90.2 82.3 91.4 90.2 93.5 83.3 88.9 85.1 JUN 92.3 93.8 97.0 83.5 81.3 92.6 85.9 92.8 91.6 96.7 85.9 91.3 87,5 JUL 93.8 95.2 97.5 86.8 82.9 93.9 89.9 93.5 93.5 97.4 88.7 93,6 91,1 AUG 94.9 96.2 97.8 89.2 84.5 95.8 92.0 95.1 94.8 97.8 92.4 94.9 92.2 SEP 96.1 97.2 98.3 91.7 85.5 96.9 94.9 96.2 96.3 98.0 94.8 97.4 94.4 OCT 97.4 98.0 98.9 95.4 86.8 98.3 96.8 98.1 97.4 98.3 96.0 98.8 96,6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100,0 100.0 OR BY ALL DISTRICTS BOSTON 7.8 10.0 NOV 35.2 DEC PHILADELPHIA CLEVELAND RICHMOND ATLANTA 9.2 3.2 6.0 9.6 5.3 38.7 41.9 24.9 26.9 33.2 53.7 60.6 60.5 39.7 43.5 JAN 70.4 74.0 78.4 51.9 FEB 76.9 78.0 85.5 MAR 83.2 85.2 APR 88.7 MAY OCT NOV 1/ IN • 6D OUTSTANDING NEGOTIABLE TIME AT W E E K L Y R E P O R T I N G B A N K S BY FEDERAL R E S E R V E D I S T R I C T AS MATURING • 26-OCT OR INCLUDES 31 LATER ONLY CERTIFICATES ISSUED IN NEW YORK DENOMINATIONS OF $100,000 MORE CHICAGO WEEKLY REPORTING BANKS. TABLE 6E 1/ SALES 2/ OF NEGOTIABLE TIME BY C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS FEDERAL RESERVE DISTRICT AS OF 25 (PERCENTAGE CD'S MATURING 1972 1973 ALL DISTRICTS BOSTON NOV 33,1 38,7 DEC 16.2 JAN 1/ S E E 2/ * MONTH DISTRIBUTION) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 23.3 36.4 37.1 39,1 37.9 34.2 22.8 23.2 22.5 30.2 12,7 25.9 9.0 19.5 19.2 28.1 20.8 11.0 21,6 16.0 20.2 3,8 3.1 2.5 2.8 9.0 9.5 2,3 0.8 1,1 2,0 4,9 6.8 4.2 4.0 2.5 5.8 6,1 1,4 8,7 11,0 6,4 6,7 16.5 8.2 9.3 3.0 4.1 10.2 8,1 15.1 0,8 0,8 0,1 6.6 3.3 0.2 0.2 0.0 0.6 0.1 0,1 0.5 0,5 0,3 0,3 0,4 1,0 1,4 0.2 0.4 0.1 0.3 0.1 1,4 0.8 JUL 0,3 1,0 0,1 0,2 0.4 0,2 0.9 0.4 2.0 0.0 1,0 0.0 0.6 AUG 0,1 0.0 0,0 0,0 0.3 1,2 0.0 0.0 0.3 0.0 0.3 0.0 0.3 SEP 0,7 0.2 0,4 0,1 0,4 1,1 1,4 0,6 0.1 0.3 1.3 3.2 0.9 4,3 2.2 1,0 20,3 4,0 5.1 4.4 7.8 3.4 1,3 5.1 5.4 8.5 100,0 100.0 100,0 100,0 100.0 100.0 100.0 100.0 100.0 100,0 100.0 100,0 100.0 OR BY CLEVELAND RICHMOND ATLANTA 34.3 32,1 35,2 20.8 35.9 22,1 13.1 13.7 17,7 20.9 23,1 19,6 25.3 23,9 18,9 FEB 5,9 3,2 10.1 0,7 MAR 4,4 4,5 3.6 APR 10,5 7,5 MAY 0,9 JUN OR LATER * TECHNICAL INCLUDES NOTE PREVIOUS 1972 PHILADELPHIA OCT TOTAL IN OCT SINCE MAY IN THIS NOT ADD TABLE TO CHICAGO A. CERTIFICATES ONLY - SALES DETAILS APPENDIX NEW YORK ISSUED ARE TOTALS NOT DUE IN DENOMINATIONS ADJUSTED TO FOR ROUNDING. CD'S OF THAT $100,000 HAVE MORE MATURED. WEEKLY REPORTING BANKS. TECHNICAL APPENDIX A DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT Sales of CD's between survey dates are derived in the following manner; Outstanding CD's maturing in each month of the previous survey are subtracted from maturities in the same month of the current survey. Those CD s maturing in the remaining portion of the month in which the current survey is taken are ignored. Those CD's maturing after the last individual month shown in the current survey (i.e. CD's with the longest maturity) are added to those CD's maturing in the last individual month shown on that survey in order to derive an outstanding quantity for a time period com- 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 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 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 level of total outstandings. As a result, the average maturity of sales is much more sensitive to month-to-month variation in the maturity structure of sales than is the case with the outstandings series. Thus, 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 bv month. Formulas for calculation of average maturities are available on request from the Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System.
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