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4
L.4.1
CONFIDENTIAL (FR)
November 29, 1976
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS
as of
October 27, 1976
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
TABLE 1
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
WEEKLY REPORTING BANKS
AS OF 27 OCT 1976
SALES SINCE
PREVIOUS MONTH 2/
(MILLIONS OF DOLLARS)
AMOUNT
(MILLIONS OF
DOLLARS)
PERCENTAGE
DISTRIBUTION
2,045.3
3.2
3.2
.0
NOVEMBER
19,663.7
31.2
34.4
7,224.3
DECEMBER
12,413.0
19.7
54.1
2,751.8
8,646.8
13.7
67.8
3,004.3
4,043.5
6.4
74.2
566.4
MARCH
4,111.9
6.5
80.7
527.5
APRIL
4,480.1
7.1
87.8
2,877.5
949.0
1.5
89.3
80.0
JUNE
1,219.8
1.9
91.2
75.3
JULY
1,060.4
1.7
92.9
177.8
AUGUST
1,007.1
1.6
94.5
11.8
637.8
1.0
95.5
104.9
497.3 3/
CD'S MATURING IN
1976 OCTOBER
28 - 31
1977 JANUARY
FEBRUARY
MAY
SEPTEMBER
OCTOBER
OVER 12 MONTHS
TOTAL
472.4
.7
96.2
2,312.0
3.7
100.0
XXX
63,062.9
100.0
XXX
17,898.8
1MEMORANDUM:
DECEMBER 10
DECEMBER 15
CUMULATIVE
PERCENTAGE
658.7
1,547.7
TAX AND DIVIDEND MATURITIES)
1.0
2.5
XXX
XXX
129.2
355.5
1/
INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
SEE TECHNICAL APPENDIX A.
3/
SALES OF CD'S MATURING AFTER 11 MONTHS.
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 OC1 1976
(IN MILLIONS OF DOLLARSI
CHICAGO
NEW YORK CITY
AMOUNT
ALL OTHER WEEKLY REPORTING BANKS
AMOUNT
SALES SINCE
PREVIOUS MONTH 2/
SALES SINCE
PREVIOUS MONTH 2/
CD'S MATURING IN
AMOUNT
1976 OCT 28 - OCT 31
559.8
•0
234.9
.0
1,250.7
.0
NOVEMBER
6,510.8
1,948.5
1,884.7
676.5
11,268.2
4,599.2
DECEMBER
4,642.4
921.6
987.5
255.5
6,782.9
1,574.5
2,940*4
1,094.3
843.0
163.4
4,863.4
1,746.6
1,632.9
257.3
360.3
41.6
2,050.3
267.5
1977 JANUARY
FEBRUARY
SALES SINCE
PREVIOUS MONTH 2/
MARCH
1,622.5
226.6
343.9
64.7
2,145.4
236.1
APRIL
2,078.5
1,819.4
560.8
143.7
1,840.8
914.3
MAY
195.2
5.0
93.0
1.0
660. 8
74.0
JUNE
290.4
31.8
240.0
1.5
689.4
45.0
JULY
145.5
60.9
297.6
12.7
617.2
104.1
AUGUST
146.6
2.8
271.0
.1
589.6
8.9
97.9
14.6
34.1
11.3
505.7
79.0
79.6
62.7 /3
SEPTEMBER
OCTOBER
OVER 12 MONTHS
TOTAL *
278.2
456.8
XXX
1,398.3
XXX
21,399.4
6,445.5
6,722.2
1,545.5
34,940.9
9,907.3
312.8
700.0
217
12
10
(MEMORANDUM:
51.6
148.2
TAX AND DIVIDEND MATURITIES)
36.3
112.3
5.6
25.1
1/ INCLUDES ONLY CERTIFICATES IN DENOMINATION OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
Z/ SEE TECHNICAL APPENDIX A.
3/ SALES OF CD'S MATURING AFTER II MONTHS.
# TOTALS MAY NOT ADD DUE TO ROUNDING.
258.1 /3
XXX
NUMBER OF REPORTING BANKS
DECEMBER 10
DECEMBER 15
176.5 /3
114.6
456.9
309.6
735.4
71.9
182.3
1
TABLE 2B
1/
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO* AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 27 OCT 1976 AND 29 SEP 1976
IPERCENTAGE DISTRIBUTION!
A #|K| f t *IN
# A.*
# 4*ft*
CO*5
MATURING
27 OCT
ALL OTHER
CHICAGO
NEW YORK CITY
29 SEP
27 OCT
29 SEP
2 7 OCT
29 SEP
2.6
2.3
3.5
2.1
3.6
2.7
01 MONTHS 3/
30.4
31.5
28.0
31.0
32.2
32.7
02 MONTHS
21.7
21.0
14.7
16.4
19.4
18.1
9.9
13.9
14.1
0 - 6 DAYS 2/
03 MONTHS
13.7
17.1
12.5
04 MONTHS
7.6
8.5
5.4
9.2
5.9
8.5
05 MONTHS
7.6
6.3
5.1
4.3
6.1
4.8
06 MONTHS
9.7
6.4
6.3
3.8
5.3
5.2
07 MONTHS
.9
1.2
1.4
5.6
1.9
2.5
08 MONTHS
1.4
.9
3.6
1.2
2.0
1.6
04 MONTHS
.7
1.2
4.4
3.3
1.8
1.8
10 MONTHS
.7
.4
4.0
3.9
1.7
1.4
11 MONTHS
.5
.7
.5
3.7
1.4
1.6
12 MONTHS
.4
.4
1.7
.3
.8
1.2
OVER 12 MONTHS
TOTAL $
2*1
2.2
6.8
5.3
4.0
3.9
100.0
100.0
100.0
100.0
100.0
100.0
1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 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.
* TOTALS MAY NOT ADD DUE TO ROUNDING.
TABLE 2C
1/
MATURITY 0ISTRI6UTtOM OF outSTANDING NEGOTIABLE TINE CERTIFICATES OF DEPOSIT AT
NEW YOU* CITY* CHICAGO# AND ALL OTHER WEEKLY REPORTING BANKS
AS OF 27 OCT 1976 AND 29 SEP 1976
(CUMULATIVE DISTRIBUTION!
CD'S MATURING IN
0-* DAYS 2/
NEW YORK CITY
— —
— — —
17 OCT
29 SEP
CHICAGO
27 OCT
ALL OTHER
j9 SEP
27 OCT
29 SEP
2.6
2.3
3.5
2.1
3.6
2.7
01 MONTHS 3/
33.0
33.6
31.5
33.1
35.8
35.*
02 MONTHS
*4.7
54.8
46.2
49.5
55.2
53.5
03 MONTHS
66.4
71.9
56.7
59.4
69.1
67.6
04 MONTHS
76.0
60.4
64.1
68.6
75.0
76.1
OS MONTHS
#3.6
66.7
69.2
72.9
81.1
80.9
06 MONTHS
93.3
93.1
77.5
76.7
66.4
86.1
07 MONTHS
94.2
94.3
76.9
82.3
86.3
88.6
06 MONTHS
95.6
95.2
62.5
63.5
*0.3
90.2
09 MONTHS
96.3
96.4
86.9
66.6
92.1
92.0
10 MONTHS
97.0
96.6
90.9
90.7
93.8
93.4
II MONTHS
97.%
97.5
91.4
94.4
95.2
95.0
12 MONTHS
97.9
97.9
93.1
94.7
96.0
96.2
100.0
100.0
100.0
100.0
100.0
100.0
OVER 12 MONTHS
1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 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.
ttlLi 3A
MATURITY 01 St*IBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT MEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 27 OCT 1976
IAMOUNTS IN MILLIONS OF DOLLARSI
$5 BILLION AND OVER
*500
MILLION
AND UNDER
*500 MILLION
TO
SI B1(LLION
2,0*5.3
103.7
219.8
709.1
NOVEMBER
19,663.S
1,166.7
2,007.6
5,926.2
DECEMBER
12,413.0
635.9
1,070.9
3,857.3
6,848.9
4,305.9
2,543.0
8,646.8
458.6
814.4
2,505.2
4,868.6
2,768.8
2,099.8
FEBRUARY
4,0*3.5
182.0
298.3
923.1
2,640.1
1,531.4
1,108.7
MARCH
4,111.8
129.3
311.9
947.3
2,723.3
1,525.3
1,198.0
APRIL
4,460.1
110.5
297.8
1,053.6
3,018.2
1,955.8
1,062.4
949.0
42.7
115.8
275.5
515.0
167.5
347.5
CD*S MATURING IN
1976 OCT
2B-31
S W 7 JANUARY
MAY
TOIAL
*1 BILLION
TO
*5 BILLION
TOTAL
NEW YORK
c m
OUTSIDE
NEW YORK
CITY
1,012.7
495.1
517.6
10,563.3
5,989.0
4,574.3
JUNE
1,219.8
56.1
104.5
323.1
736.1
281.7
454.4
JULY
1,060.3
61.5
107.8
291.3
599.7
133.0
466.7
AUGUST
1,007.1
38.0
80.8
199.9
688.4
139.4
549.0
SEPTEMBER
637.7
48.5
67.8
288.5
232.9
82.5
150.4
OCTOBER
472.4
23.2
45.6
171.3
232.3
77.2
155.1
2,312.2
63.4
90.1
541.7
1,617.0
446.5
1,170.5
63,062.8
3,120.1
5,633.1
18,013.1
36,296.5
19,899.1
16,397.4
NOVEMBER
OR LATE*
TOTAL •
|
1 fltnllUpllUwn #
DECEMBER 10
658.8
22.2
27.1
140.2
469.3
291.9
177.4
DECEMBER 15
1,547.8
51.2
86.4
443.3
966.9
656.8
310.1
17
7
10
(MEMORANDUM:
77
83
I
1
239
h
i i moc aUriteoftiiwc
NUnocK
Arils o tI
1/ INCLUDES tt*fIFtCATfS IN DENOMINATIONS OF §100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
if TOTAL A S M f S AS Rf PORTED IN THE CALL RE FORI OF CONDITION ON JUNE 30, 1975.
* TOTALS WAV NOT ADO DUE lb R0UND1##G.
<
SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 27 OCT 1976
IAMOUNTS IN MILLIONS OF DOLLARS)
TABLE 36
$5 BILLION AND OVER
CD'S MATURING IN
1*76 OCT
TOTAL
$500
MILLION
AND UNDER
$500 MILLION
TO
$1 BILLION
$1 BILLION
TO
$5 BILLION
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
28-31
NOVEMBER
7,224.4
526.9
967.8
2,448.6
3,281.1
1,679.8
1,601.3
DECEMBER
2,751.8
174.1
333.7
960.5
1,283.5
817.6
465.9
3,004.2
179.0
366.0
1,011.8
1,447.4
974.9
472.5
1977 JANUARY
FEBRUARY
566.4
29.4
46.5
160.0
330.5
241.5
89.0
MARCH
527.5
16.0
52.8
142.4
316.3
201.1
115.2
APRIL
2,877.5
52.0
166.6
527.0
2,131.9
1,718.1
413.8
MAY
80.0
4.5
20.5
40.6
14.4
2.9
11.5
JUNE
75.4
3.0
2.4
28.9
41.1
29.0
12.1
JULY
177.8
7.1
10.9
74.8
85.0
58.7
26.3
11.7
0.4
1.9
5.8
3.6
1.3
2.3
SEPTEMBER
104.8
6.6
7.3
65.9
25.0
14.3
10.7
OCTOBER
OR LATER
497.3
27.0
42.4
178.5
249.4
60.3
189.1
1,026.0
2,018.8
5,644.8
9,209.2
5,799.5
3,409.7
AUGUST
TOTAL #
17,898.B
.
IMffllnniMmiUt
Tt V tun i M m n c u n u»tiiO *-**r r &
.. -
DECEMBER 10
129.3
7.9
13.5
57.2
50.7
31.7
19.0
DECEMBER 15
355.6
11.7
45.6
105.6
192.7
135.4
57.3
239
77
17
7
10
(MEMORANDUM:
1/
2/
3/
*
62
nunocrv Ur DAriiv| •••
83
SEE TECHNICAL APPENDIX A,
INCLUDES CERTIFICATES IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
TOTALS MAY NOT ADD DUE TO ROUNDING.
^
TABLE 3C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 27 OCT 1976
PERCENTAGE DISTRIBUTION
$5 BILLION AND OVER
CD'S MATURING IN
1916 OCT
28-31
TOTAL
$500
MILLION
AND UNDER
$500 MILLION
TO
$1 BILLION
$1 BILLION
TO
$5 BILLION
TOTAL
2.8
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
3.2
3.3
3.9
3.9
2.5
3.2
NOVEMBER
31.2
37.4
35.6
32.9
29.1
30.1
27.9
DECEMBER
19.7
20.4
19.0
21.4
18.9
21.6
15.5
13.7
14.7
14.5
13.9
13.4
13.9
12.8
FEBRUARY
6.4
5.8
5.3
5.1
7.3
7.7
6.8
MARCH
6.5
4.1
5.5
5.3
7.5
7.7
7.3
APRIL
7.1
3.5
5.3
5.8
8.3
9.8
6.5
MAY
1.5
1.4
2.1
1.5
1.4
0.8
2.1
JUNE
1.9
1.8
2.0
1.2
1.9
1.8
2.0
1.4
2.8
1.9
1.6
1.7
0.7
2.8
1.4
1.1
1.9
0.7
3.3
1.6
1.0
0.6
0.4
0.9
0.6
0.4
0.9
1977 JANUARY
JULY
1.7
AUGUST
SEPTEMBER
1.6
1.0
OCTOBER
0.7
0.7
1.2
0.8
NOVEMBER
OR LATER
3.7
2.0
1.6
TOTAL *
100.0
1.6
100.0
100.0
(MEMORANDUMS
3.0
4.5
2.2
7.1
100.0
100.0
100.0
100.0
TAX AND DIVIDEND MATURITIES)
DECEMBER 10
1.0
0.7
0.5
0.8
1.3
1.5
1.1
DECEMBER 15
2.5
1*6
1.5
2.5
2.7
3.3
1.9
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
* TOTALS MAY NOT ADD DUE TO ROUNDING.
TABLE so
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 27 OCT 1976
CUMULATIVE PERCENTAGE
S5 BILLION AND OVER
CO*S MATURING IN
19TB OCT
28-31
NOVEMBER
DECEMBER
TOTAL
SSOO
MILLION
AND UNDER
SSOO MILLION
TO
SI BILLION
SI BILLION
TO
S5 BILLION
TOTAL
NEW YORK
CITY
OUTSIDE
NEW YORK
CITY
3.9
3.9
2.8
2.5
3.2
40.7
39.5
36.8
' 31.9
32.6
31.1
3.2
3.3
34.4
54.1
61.1
58.5
58.2
50.8
54.2
46.6
67.8
75.B
73.0
72.1
64.2
68.1
59.«*
FEBRUARY
74.2
81.6
78.3
77.2
71.5
75.8
66.2
MARCH
80.7
85.7
83.8
82.5
79.0
83.5
73.5
APRIL
87.8
89.2
89.1
88.3
87.3
93.3
80.0
MAY
89.3
90.6
91.2
89.8
88.7
94.1
82.1
JUNE
91.2
92.4
93.1
91.6
90.7
95.5
84.9
JULY
92.9
94.4
95.0
93.2
92.4
96.2
87.7
AUGUST
94.5
95.6
96.4
94.3
94.3
96.9
91.0
SEPTEMBER
95.3
97.2
97.6
95.9
94.9
97.3
91.9
OCTOBER
96.2
97.9
98.4
96.9
95.5
97.7
92.8
100.0
100.0
100.0
100.0
100.0
100.0
100.0
1977 JANUARY
NOVEMBER
OR LATER
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 ADD DUE TO ROUNDING.
{
TABLE *
SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/
SI WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 2 ? OCT 1976
PERCENTAGE DISTRIBUTION
S5 BILLION AND OVER
co*s MATURING tn
§1 BILLION
TO
§5 BILLION
»&.*
47.9
43.4
17.0
16. 5
is.a
17.4
16.1
1*2
2.9
2.3
2.9
1.6
5.1
+0.4
ItTf
§§00
met ton
§500 MILLION
TO
§1 BILLION
TOTAL
16.1
* W UHPER
OUTSIDE
NEW YORK
CITY
35.6
29.0
47.0
17.0
13.V
14.1
13.7
17.9
15.7
16.3
13.9
2.8
3.6
4.2
2.6
2.6
2.5
3.4
3.5
3.4
ft.3
9.3
23.1
29.6
12.1
0.7
0.2
0.1
0.3
0.5
0.4
0.5
0.4
1.0
0.8
0.4
0.4
0.4,
0.3
1.0
0.1
1.0
0.7
0.6
1.3
0.9
0.%
0.1
0.1
0.0
0.0
0.1
0.4
1.2
0.3
0.2
0.3
2.1
3.2
2.7
1.0
5.5
100.0
100.0
100.0
SEPTEMBER
0.6
0.0
0.6
OCTOBER
m LATE*
2#
2.6
TOI At #
NEW YORK
CITY
TOTAL
IOO.O
100.0
100.0
(MEMORANDUMS
100.0
TAX AND DIVIDEND MATURITIES!
DECEMBER LO
0.7
0.6
0.7
1.0
0.6
0.5
0.6
OKEWRER IS
2.0
1.1
2.3
1.9
2.1
2.3
1.7
—
239
1/
2/
3/
*
77
IMEMORANDUM:
NUMBER OF BANKS)
62
83
17
SEE TECHNICAL APPEND!* A .
INCLUDES CERTIFICATES IN DENOMINATIONS OF §100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
TOTALS WAY mm A00 DUE TO ROUNDING.
10
TABLE 4A
AV6BAGE MATURITY
OF
CUTsiAMDIno NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
AT VARIOUS SURVEY DATES
(IN MONTHS}
SANK CLASSIFICATION
DATE OF SURVEY
27 OCT 1976
29 SEP 1976
25 AUG 1976
(BY LOCATION)
ALL REPORTING BANKS
3.0
2.9
3.0
NEW YORK CITY
2.7
2.3
2.6
CHICAGO
3.9
3.6
4.0
OTHER
3.0
3.0
3.1
ISSV1NG CO*S
(BY SIZE OF BANK# 2/
UNDER S500 MILLION
2.6
2.6
2.7
SSOO-SlsOOO MILLION
2.7
2.6
2.6
Sts000-SS,000 MILLION
2.8
2.7
2.8
OVER 15 BILLION
3,2
3.1
3.2
IN NEW YORK CITY
2.8
2.6
2.6
OUTSIDE NEW YORK CITY
3.7
3.6
3.9
1/
INCLUDES CERTIFICATES IN DENOMINATIONS OF BIOO*OOD OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/
TOTAL
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
I
TABLE +S
AVFRAFCI NATURITY
OF
NEGOTIABLE TINE CERTIFICATES OF DEPOSIT 1/
SOLO BY WEEKLY REPORTING BANKS
DURING THE MONTH OF VARIOUS SURVEYS
I 111 MONTHS!
OAT# OF SURVEY
27 OCT 1976
29 SEP 1976
25 AUG 1976
IBY LOCATIONS
ALL «FPORTING BANKS
ISSUING CO**
mm
YORK CITY
CHUACO
#
I
2.6
2.5
2.8
1.0
2.6
2.9
3.1
2.5
4.0
2.3
2.4
2.5
!
1
IBY S H E OF BANK) 2/
mm*
1/
IIOO MILLION
2.0
2.1
2.4
#$oo $:*oeo • i i u o n
2.1
2.2
2.1
L T « 9 0 ( H I « 0 0 0 MILLION
2*1
2.2
2.4
mm
I I BILLION
2.9
2.8
3.3
IN NEW YORK CITY
1.1
2.9
2.9
OUTSIDE NEW YORK CITY
2.6
2.7
3.7
CIATTFTCAIFS IN DENOMINATIONS OF *100,000 on WORE ISSUED BY WEEKLY REPORTING BANKS.
TEI*I
NO##- T$*
*SSI is
SS RIFOIFIO IN IMI CALL REPORT OF CONDITION ON JUNE 30, 1975.
CAL A M N N O # # #.
TABLE 5*
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
IPER CENT >
DATE OF SURVEY
TOTAL ASSETS 2/
U N MILLIONS OF DOLLARS)
27 OCT 1976
29 SEP 1976
25 AUG 1476
ALL BANKS ISSUING
CD'S
17.5
18.4
18.8
UNDER 500
13.7
14.3
14.0
500 - 1000
14.5
15.0
15.2
1000 - 5000
14.1
14.9
15.2
OVER 5000
21.3
22.2
22.9
IN NEW YORK CITY
25.2
25.4
27.3
OUTSIDE NEW YORK CITY
17.9
19.5
19.0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
TABLE 4B
AVERAGE MATURITY
OF
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
SOLO BY WEEKLY REPORTING BANKS
DURING THE MONTH OF VARIOUS SURVEYS
U N MONTHS)
BANK CLASSIFICATION
DATE OF SURVEY
27 OCT 1976
29 SEP 1976
25 AUC 1976
TBY LOCATION)
ALL REPORTING BANKS
ISSUING CD'S
2.6
2.5
2.8
NEW YORK CITY
3.0
2.8
2.9
CHICAGO
3.1
2.5
4.0
OTHER
2.3
2.4
2.5
(BY SIZE OF BANK) 2/
UNDER *500 MILLION
2.0
2.1
2.4
*500-** 1*000 MILLION
2.1
2.2
2.1
*1*000~$5»000 MILLION
2.5
2.2
2.4
OVER *5 BILLION
2.9
2.8
3.3
IN NEW YORK CITY
3.1
2.9
2.9
OUTSIDE NEW YORK CITY
2.6
2.7
3.7
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.
NOTE- SEE TECHN CAL APPENDIX 8.
TABLE 5A
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AT VARIOUS SURVEY DATES
(PER CENT I
DATE OF SURVEY
10TAL ASSETS 2/
(IN MILLIONS OF DOLLARS1
27 OCT 1976
29 SEP 1976
25 AUG 1976
ALL BANKS ISSUING
CD'S
17.5
18.4
18.8
UNDER 500
13.7
14.3
14.0
500 - 1000
14.5
15.0
15.2
1000 - 5000
14.1
14.9
15.2
OVER 5000
21.3
22.2
22.9
IN NEW YORK CITY
25.2
25.4
27.3
OUTSIDE NEW YORK CITY
17.9
19.5
19.0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
TABLE SB
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS
AS OF 27 OCT 1976
INUMBER OF BANKSI
TOTAL ASSETS 2/
(IN MILLIONS OF DOLLARS!
5%
OR
LESS
5
TO
10S
10
TO
15%
15
TO
20%
20
TO
25%
25%
OR
MORE
AVERAGE CO
TO DEPOSIT
RATIO (PER CENTS
ALL BANKS ISSUING
CD'S
42
43
48
42
30
34
17.5
UNDER 500
15
17
16
12
9
8
13.7
500 - 1000
12
10
17
4
9
10
14.5
1000 - 5000
15
13
14
23
9
9
14.1
OVER 5000
0
3
1
3
3
7
21.3
IN NEW YORK CITY
0
1
0
0
3
3
25.2
OUTSIDE NEW YORK CITY
0
2
1
0
4
17.9
3
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
I
TABLE 5C
PER CENT CHANCE IN OUTSTANDING NEGOTIABLE TINE CERTIFICATE OF DEPOSIT /I
29 SEP 1976 TO 27 OCT 1976
INUMBER OF BANKS I
TOTAL ASSETS 2/
(IN NILLIONS OF DOLLARS!
REDUCED
CD'S TO
ZERO
ALL BANKS ISSUING
CD'S
DECLINES OF
101 OR
MORE
5 TO
lOt
INCREASES OF
5S OR
LESS
45
42
65
NO
CHANGE
5t OR
LESS
5 TO
10*
lOt OR
MORE
37
17
23
ISSUED CD'S BUT
HAD NONE OUTSTANDING ON BASE DATE
UNDER 500
1
10
15
19
5
6
10
9
1
500 - 1000
0
13
9
12
0
14
5
9
0
1000 - 5000
0
17
16
27
4
12
2
5
0
OVER 5000
0
5
2
7
0
3
0
0
0
IN NEW YORK CITY
0
1
1
3
0
2
0
0
0
OUTSIDE NEW YORK CITY
0
4
1
4
0
1
0
0
0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.
TABLE 50
PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TINE CERTIFICATE OF DEPOSIT /I
28 JUt 1976 TO 27 OCT 1976
(NUMBER OF BANKSI
TOTAL DEPOSITS /2
< M MILLIONS M
DOLLARS!
REDUCED
CD'S 251
TO
OR
ZERO MORE
ALL BANKS ISSUING
CD'S
DECLINES OF
20
TO
251
15
TO
201
INCREASE OF
5
TO
101
51
OR
LESS
NO
CHANGE
51
OR
LESS
5
TO
101
26
20
15
13
5
10
TO
151
18
29
28
35
1
3
8
9
10
4
3
8
5
14
5
10
TO
151
UNDER 500
1
500 - lOOO
0
3
1
4
3
6
5
1
12
6
7
1000 - 5000
0
5
6
8
12
10
17
1
5
6
3
OVER 5000
0
1
0
3
6
3
3
0
1
0
0
1
0
1
0
2
0
0
0
IN NEW YORK CITY
0
1
0
3
1
0
OUTSIDE NEW YORK CITY
0
0
0
0
5
3
15
TO
201
20
TO
251
251
OR
MORE
ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON BASE DATE
20
4
7
0
2
2
9
1
6
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
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
29 SEP 1976 TO 27 OCT 1976
(NUMBER OF BANKS)
TOTAL ASSETS 2/
(IN MILLIONS OF DOLLARS)
ALL BANKS ISSUING
CD'S
DECLINES OF
3%
AND
OVER
1
TO
2%
2
TO
3%
INCREASES OF
1%
AND
LESS
11
18
41
82
UNDER 500
1
4
15
24
500 - 1000
3
6
7
18
1000 - 5000
4
5
16
35
OVER 5000
NO
CHANGE
9
it
AND
LESS
1
TO
2%
58
13
5
18
0
24
4
2
TO
3%
3%
AND
OVER
5
1
7
2
0
3
0
1
13
3
3
0
3
3
3
5
0
3
0
0
0
IN NEW YORK CITY
1
1
0
3
0
2
0
0
0
OUTSIDE NEW YORK CITY
2
2
3
2
0
1
0
0
0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
TABLE 5F
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
28 JUL 1976 TO 27 OCT 1976
(NUMBER OF BANKS I
TOTAL ASSETS 2/
CIN MILLIONS OF DOLLARS)
DECLINES OF
5%
AND
OVER
3
TO
4%
4
TO
5%
INCREASES OF
2
TO
3%
1
TO
2%
\%
AND
LESS
NO
CHANGE
IX
AND
UNDER
1
TO
2%
2
TO
3%
3
TO
4%
ALL BANKS ISSUING
CD'S
8
6
12
18
35
51
6
42
UNDER 500
0
0
4
5
11
15
4
14
500 - 1000
2
1
1
3
5
10
1
17
1000 - 5000
4
3
5
7
16
22
1
10
7
OVER 5 000
2
2
2
3
3
4
0
1
0
IN NEW YORK CITY
2
1
2
0
0
1
0
1
0
OUTSIDE NEW YORK CITY
0
1
0
3
3
3
0
0
0
0
30
12
8
12
5
4
1
1
11
3
2
0
5
4
2
0
2
0
0
0
0
0
0
0
0
0
0
0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL
NOTE-
ASSETS
AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
I
5%
AND
OVER
4
TO
5%
1
8
TABLE 6A
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 OCT 1976
(AMOUNTS IN MILLIONS OF DOLLARS)
CD'S MATURING IN
1976 OCT 28—OCT 31
NOV
ALL
DISTRICTS
BOSTON
2045.3
80.6
623.2
19663.8
851.7
PHILADELPHIA
CLEVELAND
80.7
89.3
7292.1
959.8
466.8
NEW
YORK
RICHMOND ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
56.6
175.9
401.6
81.1
79.6
323.5
21.6
31.6
1021.4
545.2
887.2
2611.9
247.4
145.3
567.7
1339.8
3194.3
690.0
358.9
515.2
1612.1
209.7
90.8
291.1
869.3
1661.7
1212.0
127.9
78.1
225.1
733.9
1326.9
DEC
12412.9
572.3
5075.0
1977 JAN
8646.9
284.8
3106.3
311.9
464.0
367.2
408.8
FEB
4043.5
119.3
1693.5
100.3
146.2
128.2
151.0
518.5
57.6
53.6
66.6
217.6
791.1
53.4
38.7
104.3
166.8
852.7
MAR
4112.0
115.8
1668.5
140.9
237.8
85.7
144.0
4b3.4
APR
4480.1
107.0
2119.9
125.4
218.9
100.8
120.2
719.9
38.6
16.7
75.2
258.8
578.7
MAY
949.0
29.9
217.5
35.6
60.7
23.8
34.1
140.2
16.6
6.9
30.2
84.2
269.3
JUN
1220.0
42.6
311.8
87.4
59.4
61.7
41.8
282.0
22.3
3.2
29.4
67.3
211.1
JUL
1060.4
31.6
157.6
50.7
60.0
17.8
40.8
324.7
9.2
1.4
41.5
143.0
182.1
AUG
1007.0
17.5
155.5
29.2
85.7
18.0
29.9
292.5
4.2
7.0
30.1
79.2
258.2
SEP
637.7
9.7
130.1
37.8
66.6
20.o
40.0
62.2
38.8
15.7
19.6
70.3
126.3
OCT
472.5
9.1
85.0
39.8
29.6
12.6
26.8
131.3
9.6
5.6
13.a
53.0
56.3
2312.0
141.4
478.8
113.6
291.6
39.1
59.4
473.9
17.4
9.2
42.4
64.9
580.3
2413.3 23114.8
2579.9
3521.2
1860.7
2578.8
9188.1
874.3
503.8
1593.6
NOV OR LATER
TOTAL *
63063.1
4344.0 10490.6
AVERAGE MATURITY
IN MONTHS 2/
3.0
2.7
2.6
3.0
3.6
2.7
2.7
3.5
3.0
2.8
2.8
2.8
3.3
NUMBER OF REPORTING
BANKS
239
16
36
10
16
19
22
36
11
5
18
22
28
1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF 5100,000 OR MORE BY WEEKLY REPORTING BANKS.
2/ SEE TECHNICAL APPENDIX B.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
TABLE 6B
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 OCT 1976
(AMOUNTS IN MILLIONS OF DOLLARS)
ALL
DISTRICTS
BOSTON
1976 NOV
7224.2
346.8
DEC
2751.6
1977 JAN
CD'S MATURING IN
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
937.0
84.4
73.6
264.4
648.5
1210.3
387.2
37.6
27.6
103.8
189.1
292.2
165.6
335.0
35.4
38.1
110.5
238.0
348.1
22.7
22.2
71.8
5.3
0.3
7.4
31.8
67.5
14.6
12.6
96.6
2.2
0.7
18.4
20.tt
66.9
64.4
57.5
245.4
17.3
11.0
41.5
89.1
266.0
6.5
4.6
2.8
27.2
0.8
3.7
0.6
7.3
12.3
9.8
3.3
1.6
14.2
0.2
0.1
0.0
0.7
7.1
5.2
11.6
15.2
2.6
0.0
3.8
7.6
29.4
0.9
1.3
0.1
0.1
0.2
0.0
0.5
0.4
2.8
2.7
5.3
8.1
13.3
1.5
1.0
0.4
22.4
6.4
33.0
22.3
9.3
23.9
193.3
8.3
5.2
13.5
70.3
43.5
7155.5
898.0
926.8
528.8
759.0
2336.3
195.8
161.3
564.8
1326.0
2352.5
2.9
2.3
2.5
2.6
2.3
2.9
2.*
2.1
2.0
2.4
2.2
PHILADELPHIA
CLEVELAND
2338.6
425.6
388.2
183.2
323.6
126.7
1060.7
161.9
152.9
82.5
129.4
3 004.2
118.3
1186.7
122.4
173.7
132.4
FEB
566.4
9.0
276.9
31.0
20.5
MAR
527.3
11.1
243.7
16.2
23.5
APR
2877.3
55.9
1840.8
86.9
101.5
MAY
80.1
3.4
5.8
5.1
JUN
76.9
1.9
34.1
3.9
JUL
177.7
9.4
64.9
3.7
24.3
AUG
11.9
0.0
5.3
0.3
SEP
105.0
4.6
31.3
8.0
OCT OR LATER
497.3
8.0
66.7
17899.9
695.1
2.6
2.0
TOTAL *
AVERAGE MATURITY
IN MONTHS 3/
NEW
YORK
RICHMOND ATLANTA
CHICAGO
1/ SEE TECHNICAL APPENDIX A.
2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
3/ SEE TECHNICAL APPENDIX B.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
TABLE 6C
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 OCT 1976
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN
1976 OCT 28—OCT 31
NOV
ALL
DISTRICTS
BOSTON
3.2
3.3
31.2
NEW
YORK
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
3.5
2.5
6.3
3.6
4.0
3.8
34.4
28.4
28.3
28.8
35.6
30.8
30.4
PHILA—
DELPHI A
CLEVE—
LAND
2.7
3.1
2.5
4.4
3.1
35.3
31.5
37.2
29.0
29.3
RICHMONO ATLANTA
CHICAGO
DEC
19.7
23.7
22.0
18.1
19.6
19.3
20.0
17.5
24.0
18.0
18.3
20.0
15.8
1977 JAN
13.7
11.8
13.4
12.1
13.2
19.7
15.9
13.2
14.6
15.5
14.1
lo.9
12.6
FEB
6.4
4.9
7.3
3.9
4.2
6.9
5.9
5.6
o .6
10.6
4.2
5.0
7.5
MAR
6.5
4.9
7.2
5.5
6.8
4.6
5.6
5.3
6.1
7.7
6.5
4.3
8.1
APR
7.1
4.4
9.2
4.9
6.2
5.4
4.7
7.8
4.4
3.3
4.7
6.0
5.5
MAY
1.5
1.2
0.9
1.4
1.7
1.3
1.3
1.5
1.9
1.4
1.9
1.9
2.6
2.0
J UN
1.9
1.8
1.3
3.4
1.7
3.3
1.6
3.1
2.6
0.6
1.8
1.5
JUL
1.7
1.3
0.7
2.0
1.7
1.0
1.6
3.5
1.1
0.3
2.6
3.3
1.7
AUG
1.6
0.7
0.7
1.1
2.4
1.0
1.2
3.2
0.5
1.4
1.9
1.8
2.5
4.4
3.1
1.2
1.6
1.2
SEP
1.0
0.4
0.6
1.5
1.9
1.1
1.6
0.7
OCT
0.7
0.4
0.4
1.5
0.8
0.7
1.0
1.4
1.1
1.1
0.9
1.2
0.5
NOV OR LATER
3.7
5.9
2.1
4.4
8.3
2.1
2.3
5.2
2.0
1.8
2.7
1.5
5.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
lOO.O
100.0
100.0
TOTAL *
1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
TABLE 60
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 OCT 1976
1976 OCT 28—OCT 31
ALL
DISTRICTS
BOSTON
3.2
3.3
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
3.5
2.5
6.3
3.6
4.0
3.8
37.5
31.9
30.8
35.1
39.2
34.8
34.2
PHILADELPHIA
CLEVELAND
2.7
3.1
2.5
4.4
3.1
31.5
33.7
NEW
YORK
RICHMOND ATLANTA
CHICAGO
O1
CD'S MATURING IN
lis
(CUMULATIVE PERCENTAGE)
NOV
34.4
38.6
34.2
40.3
DEC
54.1
62.3
56.2
58.4
51.1
53.0
57.5
49.4
54.8
53.1
57.5
54.8
50.0
1977 JAN
67.8
74.1
69.6
70.5
64.3
72.7
73.4
62.6
69.4
68.6
71.6
71.7
62.6
FEB
74.2
79.0
76.9
74.4
68.5
79.6
79.3
68.2
76.0
79.2
75.b
76.7
70.1
MAR
80.7
83.8
84.1
79.9
75.3
84.2
84.9
73.5
82.1
86.9
82.3
81.0
78.2
APR
87.8
88.2
93.3
84.8
81.5
89.6
89.6
81.3
86.5
90.2
87.0
87.0
83.7
MAY
89.3
89.4
94.2
86.2
83.2
90.9
90.9
82.8
88.4
91.6
88.9
68.9
86.3
JUN
91.2
91.2
95.5
89.6
84.9
94.2
92.5
85.9
91.0
92.2
90.7
90.4
88.3
JUL
92.9
92.5
96.2
vl.6
86.6
95.2
94.1
89.4
92.1
92.5
93.3
93.7
90.0
AUG
94.5
93.2
96.9
92.7
89.0
96.2
95.3
92.6
92.6
93.9
95.2
95.5
9Z.5
SEP
95.5
93.6
97.5
94.2
90.9
97.3
96.9
93.3
97.0
97.0
96.4
97.1
93.7
OCT
96.2
94.0
97.9
95.7
91.7
98.0
97.9
94.7
96.1
98.1
97.3
98.3
94.2
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
NOV OR LATER
1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
TABLE 6E
1/
2/
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 27 OCT 1976
(PERCENTAGE DISTRIBUTION)
ALL
DISTRICTS
BOSTON
1976 NOV
40.4
49.9
DEC
15.4
18.2
14.8
18.0
1977 JAN
16.8
17.0
16.6
13.6
FEB
3.2
1.3
3.9
3.5
MAR
2.9
1.6
3.4
CD'S MATURING IN
NEW
YORK
32.7
PHILADELPHIA
CLEVELAND
47.4
41.9
RICHMOND ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
34.6
42.6
40.1
43.1
45.6
46.8
48.9
51.4
16.5
15.6
17.0
16.6
19.2
17.1
18.4
14.3
12.4
18.7
25.0
21.8
14.3
18.1
- 23.6
19.6
17.9
14.8
2.2
4.3
2.9
3.1
2.7
0.2
1.3
2.4
2.9
1.8
2.5
2.8
1.7
4.1
1.1
0.4
3.3
1.6
2.8
7.3
6.7
11.3
APR
16.1
8.0
25.7
9.7
11.0
12.2
7.6
10.5
8.8
o.8
MAY
0.4
0.5
0.1
0.6
0.7
0.9
0.4
1.2
0.4
2.3
0.1
0.6
0.5
J UN
0.4
0.3
0.5
0.4
1.1
0.6
0.2
0.6
0.1
0.1
0.0
0.1
0.3
1.2
JUL
1.0
1.4
0.9
0.4
2.6
1.0
1.5
0.7
1.3
0.0
0.7
0.6
AUG
0.1
0.0
0.1
0.0
0.1
0.2
0.0
0.0
0.1
0.0
0.1
0.0
0.1
SEP
0.6
0.7
0.4
0.9
0.3
1.0
1.1
0.6
0.8
0.6
0.1
1.7
0.3
OCT OR LATER
2.8
1.2
0.9
3.7
2.4
1.8
3.1
8.3
4.2
3.2
2.4
5.3
1.6
100.0
100.0
100.0
100.0
100.c
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
TOTAL *
1/ SEE TECHNICAL APPENDIX A.
2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.
* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
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 ties
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 date#
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 cooparibility 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 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.
@FedFRASER