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L.4.1 CONFIDENTIAL (FR) fivrcra:,--, r?A 'V " '•> LU y y SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF October 28, 1970 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System # TABLE MATURITY DISTRIBUTION H= OUTSTANDING WFFKLY AS CD'S MATURING 1 970 OCTOBER 1971 29 - 31 i / N F GG T T A B L F T I y F C F RT I F I C AT F S OF OF 03 SI T AT R E P O R T I N G BANK< OF ? 8 OCT AMOUNT i MI L L I GNS OF DOLLARS) IN I 1970 PFRCFNTAG C DISTRIBUTION C'JMJL AT TV E PERCENTAGE SALES S I N C E P R E V I O U S MONTH 2 / ( M I L L I O N S nc DOLLARS) 1,209.9 5 . 1 5.1 NOV EM PER 7,^88. 5 3 1 .3 36.4 2,8 FA.1 DECEMBER 5,43?.6 23.° 59.4 2, 1 * 5 . 8 JANUARY 2*396.2 10.1 69.< 1,493.2 3. 5 73 . 0 1 n4 . 5 78.2 FEBRUARY 824.4 . 0 MARCH 1 ,224.9 5.2 APRIL 1 , 968. 4 7.9 86. 1 MAY 449. 1 1 .9 88.0 46.A JUNE 594.3 2.5 9H.5 121.4 JULY 4 M . I 1.? 97.3 T?.7 AUGUST 32 5 . 7 1 93.7 1 °. 6 SEPTEMBER 521 . 8 2 .? 95.- 9 3 - .A OCTOBER 484.6 2.1 9 8 .C 557.3 469.1 2.0 19° .0 XXX 23,609.8 110.A XXX 8,32r.3 OVER 1? MONTHS TOTAL (MEMORANDUM: DECEMBER DECEMBER 10 15 2 89. 0 635.7 1/ INCLUDES 2 t SEE T E C H N I C A L A ORE NO I X A . 3/ S A L E S OF C D ' S ONLY CERTIFICATES MATURING IN DENOMINATIONS AFTER II M0NT4 S. TAX AND 0 I V I D F NO 7? .9 MATURITIES) 1.2 2 .7 $1 0 0 , 0 0O OR MORE 1 Q 11 c . 9 3^4. n XXX XXX ISSUED BY WEFKLY REPO RTI NG BANKS. ?/ •TARLF MATURITY D I S T R I B U T I O N NFW YORK 0 F CI T O U T S T A NOT NG Y , CHICAGO* ( I N NFW YORK 1 9 7 0 OCT 29 - CCT 31 NOVEMBER DECEMBER 1971 P C V I C F R T I F I C A T F DFFKLY 78 rrr i o jr. IONS OF 00LLA9S OF MILL TIMP 0 T -4 C P ALL CITY C OF PFP1°TIVJC DPS I T SINFF OIJS MONTH ) A M O D NT 2 / AT RAN) K ^ CHICAGO SAL^S P NEGOTIABLE A NO AS 7A A! L SAL F S SIN CE PREVIOUS MONTH OTHFP A MQIJNT NFFKL Y REPORTING SALES SIN OF 2 / 3 6 1 . 9 .0 3 9 . 5 .0 2 , 1 6 4 . 1 7 2 1 . 2 4 6 3 . 1 162 .3 1 , 8 3 6 761. 5 3 Q ? . 5 1 4 7 . 7 ->,2 1 3 . 3 42 3 . 3 1 6 4 . 5 1 2 5 . 4 1 , 6 8 7 . 4 6 5 4 . 2 6 9 . 5 984. 74 .6 JANUARY .8 5 3 4 . 3 FEBRUARY 1 3 4 . 6 31 . 1 3 5 . 6 3 . 9 MARCH 2 6 6 . 6 5 4 . 7 7 4 . ^ 1^ .S APRIL 5 8 5 . 1 2 9 5 . 2 1 2 1 . 5 7 3 . 7 3 5 . 4 12. MAY 1 25 8 0 8 . 5 761.3 .0 1 , 9 7 4 . 1 1 1 , 7 7 6 . 6 944 . 5 1 , 1 6 1 . 8 3 6 0 . 0 5 .6 ? 3 8 7 . 1 2 ° . JUNE 1 0 7 . 8 76. 5 3 9 . 1 4. ? 4 6 8 . 4 4 0 . 7 JULY 4 0 . 6 5. 9 36 .5 2 . 0 3 5 6 . 7 5 . 8 A! J G U S T 6 1 . 4 7 . 9 1 2 . 7 SEPTEMBER 176. q 4 . 0 3 7 . 1 4 . 0 OCTOBER 203 .0 4 1 . 3 4 6 . 2 OVER 12 MONTHS TOTAL NUMBER OF 2 1 7 . 2 XXX 7 5 . 5 * 6 , 5 8 4 . 0 REPORTING BANKS Z3 2 , 6 1 0 . 6 1 2 4 . 1 / INCLUDES 2 / SEE 3/ SALES 15 ONLY TECHNICAL OF 9 5 8 . 4 155. 7 APPENDIX . C D * S • M AT.UR I N „ G * TOTALS MAY NOT ADD DUE IN /3 D F N O M I N A T TON OF TAX TO 1:1 -MO-NTHS--. ROUNDING. ? ? . 8 2 4 0 . 3 1 , 4 8 8 . 1 585 .8 15, 5 37. 7 AND MOP!2 D I V I O F NO ISSUED *— 7 93.9 XXY 231 MAT'J RTT I E S ) RY WEFKLY 3 . 2 1 6 0 . 0 58. 1 1 . 4 2 7 7 . 4 1 3 7 . 4 REPORTING BANKS. A . A RT. E R 3R- 7 . 8 8 4. 1 OR 1 1 . 8 1 7 7 . 4 3 . 0 $ 1 0 0 , 0 0 0 2 51,6 XXX 11 3 1 5 . 3 CERT IF IF ATFS . 1 0 15 .9 12 ( MEMORANDUM : DECEMBER - -J • —— IV • I R A NK < -V -*«. > -.YL.-N - I -> 3 n TABLE MATURITY DISTRIBUTION NEW YORK OF O U T S T A N D I N G CITY, CHICAGO, AS OF 2 9 NEGOTIABLE AND OCT ALL MATURING 6 D A Y S MONTHS 02 MONTHS * SEP RANKS 1970 DISTRIBUTION) 3/ 2 8 OCT 3D SEP -C 2.7 .0 32.9 39.2 31.1 36.5 27.9 24.3 25.7 22.1 1B.1 11.1 17.3 ?8 . OCT IN SEP 5.2 .0 3,.4 3<.° 10., 12.9 0 3 M C N T 4 S MONTHS 2.n 1.0 7.4 ? 05 MONTHS 4.0 1.7 5.3 2., 5.7 3.0 06 MONTHS 8.9 3.A =.? 4. 7 7.5 5.4 0 7 M 0 N T H S -5 4.9 1.7 0 8 M 0 N T H S .4 2.A 0 9 M 1 0 M 0 N T H S ° N T H S 1 1 "^THS 1 2 M 0 M T H S 12 T r ) T A L 3/ AND 3 1 REPORTING DF'OSIT'AT 0 4 OVER l / /V FFK L Y IF I L L 5 F P 2 / 01 C F P T I F I CATFS IN 3 0 ° - TI«F PTHFR IQ70 (PERCENTAGE CD'S 26 1 0 * bANKS?ES NUMBER TOTALS ' G N L Y .3 2.5 ,.A ,.2 2.^ .9 2.0 ,.6 2.o 2.Q 2.4 1.6 1.0 1., ir'O.o no.3 •< Q ^ 1.1 C F R T I F r C A T F S OF MONTHS MAY NOT ?.3 - V FOLLOWING ADD DUE - ° - , N THE 5.3 2.5 2.7 MONTHS _• 2.9 -5 ' 3.5 r ,.5 6 " . .9 . DENOMINATIONS SURVEY MONTH. TO R O U N D I N G . 2.3 OF t l ^ " . <? inn.n .0?' OR MOPE 7.4 n ISSIJFr, , . RY 2.4 ? ,r.. 0 WFEKLV . 7 r RFt>D»TIN!3 » # # # # # # A T/\R LF MATURITY DISTRIBUTION HF OUTSTANDING NEW YORK C I T Y , CHICAGO, AS OF 20 :D»S MATURING NEW YORK IN 28 0-6 DAYS 2/ CU MONTHS OCT 3/ OTHFq # # T IME CERTIFICATES W E F K.L Y 3 n SEP OF n p p - SI T AT REPORTING RANKS 1 97A D I S T R I BJT I ON) C I TY 30 5.5 ALL 1 c 70" A N n (CUMULATIVE # PC NEGOTIABLE AN n OCT # C H I C An 0 SFP 2* . 0 OCT ALL 3^ 2 .7 39.4 3 9.2 3^.9 SEP 26 OCT 3 n SE 1 s.2 .0 >5.8 3C • 9 .0 . 5 OTHFR 02 MONTHS 66.3 63.5 5°. 5 58.6 56.5 54.5 0^ MONTHS 74.4 81. 6 7^.6 75.O 47.3 67.4 04 MONTHS 76.4 *3.5 7?.- 78.9 7 1.5 72.4 r5 MONTHS 80.4 95.2 7%.? 91 . 1 77. ? 76.3 06 MOUTHS 89.3 9*. 9 96.2 PS.9 94.7 91.7 0 7 MONTHS 99 . 8 93. 7 97.q 99 . 3 97..? 97.0 c 90.9 90. ! 9°. 4 93 . 3 Q 08 MONTHS 91.4 94. 1 0° MONTHS 92. C 94.6 10 MONTHS 92.9 95.2 9?.? 95. p 94.0 94 . 3 1 1 MONTHS 9 5. 6 Ofe»l 96.4 96.7 96.^ <35 .Q 9A.7 °9. 0 QQ.2 99.1 ° 7. 6 07.P 1 0 n. 0 1 no . n 12 HVER MONTHS 12 MONTHS 100.0 100.0 1/ INCLUDES PAWS. 2/ NUMBER OF DAYS R E M A I N I N G I N SURVEY MONTH. T H I S FOLLOW I NT, THE L A S T WEDNESDAY NP THE MPNTH. 3/ NUMBER OF ONLY C E R T I F I C A T E S 90. MONTHS F O L L O W I N G IN THE DFNKOMINAT TONS OF SURVEY MONTH. $13",00^ Q?.l 1n 1 : 0 .o NP MOOF PERIOD V A P I F S >.4 T S S U C D BY W I T H THF WEFKL V NLJMR F 9 HF n . 0 9 F ° P R T T NG DAYS TARLP M MATURITY D I S T R I B U T I O N OF AT OU T S T A NO I N 1 WEEKLY N E O O T I A3L F PF P O P T I N G AS ( AMOUNTS IN OF RANKS ?Q OCT MILLIONS TIME RV C F R T I ^ I F AT F $ S I Z *= OF BANKS QF DFPO SI $ 2 OR MATUR ING IN TOTAL $200 M I L L I O N AND M I L L ION $500 OF DOLL APS) $500 B I L L TON MILLION M I L L I O N $1 AND PRIM- TO TO UNDFR 1 / L OJR $1 CD'S T 2/ 3 ILL ION TOTAL Y OPK C ITY 1971 OCT 29-31 T/ OUTSIOF M^W 19 7 0 OVER NFW OTTY 1 , 2 0 9 . 9 5 6 . 3 1 3 5 . 3 1 3 ^ .3 * 3 5 . 3 3 2 3 . 0 2 5 4 . 1 NOVEMBER 7« 3 9 9 . 6 462 .4 1 , 0 2 8 . 9 1 , 1 9 0 . 3 4, 7 ^ 6 . 9 2 * 0 9 6 . 7 1 , 4 0 3 . 5 N E C E * E M 5 , 4 3 2 . 6 3 2 8 . 6 7 2 2 , 7 4 1 6 . 5 3 , 5 6 4 . 7 1 , 7 4 4 . 4 1 , 1 JANUARY 2 , 3 9 6 . % 1 BO. & 7 3 . 1 4R4. R 1 , ° 9 2 . ? FEBRUARY 0 7 5 7,1 1 , 2 7 6 . 4 ^0. 3 7 11.3 5 0 6 . 4 4 1 7 . * 4 ? 6 . N 1 ^ 1 . 7 2 1 4 . 7 2 1 2 . 6 734 . 6 2 5 4 . A ? ? 1 . ^ T < 0 . - 2 * 3 . 6 1»? 3 4 . 7 <36.4 4 5 9 . 7 ? 3 9 . A 94 . 6 1 9 6 . I 3 4 . 9 1 0 4 . 5 5 6 . 7 131. ^ 5 4 . ? 9 2 4 . 4 91.2 1 3 9 . 3 1 7R MARCH 1,224.9 1 0 7 . 4 1 7 1 . 2 APRIL 1 , ^ 6 9 * 4 *21.3 2 7 8 . R MAY 449.1 5 7 . 6 JUNE 594 . 3 JULY e? WON-OP1MF YORK M N 7 9 . 6 5 9 . 4 l?i.s L ? ? . 9 2 9 ! . ^ OS . 0 431.1 43. 9 35.7 >6 .0 205.5 3 9 . 9 94.9 AUGUST 3 2 5 . 7 2 * . 9 66.1 5 3^5 177.? 5 7 . P 74.0 SE^TE^BER 521.9 41 . 6 * 6 . 5 *3.4 3 1 0 . 3 I?l.l 79.> 50.5 OCTOPFE 4FT 4 . = 2 4 . A 7 3 . 2 4 0. 7 337.6 201. N 79.5 3 7 ; ? 4 6 9 . 1 1 7 . 3 52.9 1 3 2 . 1 2 9 7 . ! 7 4 . 0 161.7 23,6V*»1 1 , 6 0 9 . 6 3 , 4 3 9 . 1 3 * 3 5 1 .1 1 4 , 6 ^ 9 . 3 4 , 1 9 * ^ 2 4,907.6 • 7 1. 1 . 4 5 . 4 NOVEMPER OR CAT E R TOTAL * r A V A wrv rvr./ T r \ r \» r> DECEMBER 10 298.9 12.4 DECEMBER 15 6 3 5 . 6 19.7 F % t ? 254 1 / INCLUDES 2 / TOTAL CERTIFICATES DEPOSITS AS IN I H THF C ALL OF 3 4 . 3 2 1 5 . 5 120.O 3 S . P 77 .3 5 0 ^ . 3 276.* 122.0 OF 7 12 FR MORE CONDITION 49 ISSUED ON BV W E F< L Y DFCEMAFR N , 37 3 , ^ 3 . F 7 4 . R» 2 0 . Q l n >. r REPOPT ING 1 B BANKS. 1 ° 6 5 . 5 U , 1 , T V " Digitized* for FRASER TOTALS MAY NOT ADD DUE TO R O U N D I N G . . 5 KH 1" MB D AM< y<>C )V — . •MU " t CD K [. r>r; r- M r\ _/ j 42 $100 ,000 REPORT R A n m « -r rr- r v 2 6 . 4 86 DENOMINATIONS REPORTED \* 6 * • » « A TABLE I P S , L E S 0 F , n N AS (AMOUNTS OF IN 28 OCT M I L L I O N S ™2/ 1970 0*= DOLLARS) $1 9 1 L L I O N CC'S 1970 1971 MATURING OCT IN TOTAL $200 MILLION AND UNDER $200 $500 MILLION TO MILLION $500 SI MILLION TO BILLION AND OVFP po i m f TOTAL 4/ MEW YORK CITY OUTSIDE NEW YORK CITY NON-PR!Mr 29-31 NOVEMBER 2 ,958.1 188.8 382 . 4 49A p 1, 8 0 6 . 7 662.0 575. 9 DECEMBER 569.9 2, 1 8 5 . 9 133.0 28?.S 338 . 1 1,462.2 728. ^ JANUARY 46 1 . 1 27?. p 1,^93. ? 97.0 21C.1 284 .5 399. 5 FEBRUARY 247.9 ?54.? 10 4 . 5 6.7 9.3 20.4 68 . I 31.1 MARCH 26.? 10.8 140 . 0 9. 8 15.5 28.5 96.2 54.4 APRIL 22.3 Q.5 •728.9 46. 5 86.2 126 . 2 4TO. n 278.2 132.4 59.4 0.4 4.3 12.0 30 . 1 12.1 9.1 8. 9 5.? 22.9 87 . t 71.A 10.1 6.-1 10. T 7.1 MAY 46. P e 901 . 6 J UN E 121.4 5.5 JULY 33.7 2.0 . 1.6 7.? 22.9 5.4 AUGUST 19.6 2.2 2.0 3.0 12.4 7.9 SEPTEMBER 0.6 2. 7 1 .9 30.7 9.7 6 .7 13.7 ?.3 9 . *> O. Q ^69. 1 215.1 OCTOBER OR LATER TOTAL * 557.1 23.7 78.8 85.5 8,319.9 516.2 1 ,097.8 1,385.3 (MF MORANDOM DEC EM B FR DECEMBER 10 15 TAX 119.9 5.3 1 0 30 3 . 9 7. 6 l s -254 86 • &N D D I V I D E N D 7 *3 (MEMORANDUM: 5,330.6 MA T J R I T IF S ) o n .9, 2,468.9 1 , 5 98.1 5?.2 I , 2 6 3 . => - 1 6 . 5 87.4 5 7.4 17.3 12.7 ?9.1 252. > 14 1 . 5 54. 4 56.3 12 18 NUMBER OF BANKS) 92 , 49 37 1/ 2/ 3/ 4/ SEF T E C H N I C A L APPENDIX A . INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY WEEKLY REPORTING B A N K S . TOTAL DEPOSITS AS REPORTED I % THE CALL REPORT OF C O N D I T I O N ON DECEMBER 3 1 , 1 9 6 5 . PRIME BANKS AR F THO S ^ WHOSE NFOOT I A R L c REPORT ED BY OF AL FR S TO T^ ADE WT^THI'N 1 1 2 AC f i t HFR f 'w tT h'i n" V A R ' y ^ M 4Ri?^T^^' Digitized* for TOTALS FRASER MAY NOT ADD DUE TO B O U N D I N G . ARF T 161 F 3c 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 M - 5 L F T I « F C F R T I F I C A T F S AT WFFKLY R F P O R T I N G BANKS BY S I ZF OF BAM<S ? / AS OF ?,q OCT 1Q 7n PFPCFNTAGc D T S T P I Q U T I 0 N OF NE»NS IT SI CD' S M A T U R I N G IN TOTAL $700 MILLION A N'D UNDER $?On•MILLION TO S50C M T L L f ON S^OO si ,/ BILLION MILLION DRJ^F TO BILLION TOTAL N rW 1970 79-31 5 . 1 3. 5 3 .1 4. 6 5.7 nUTSIDF Nc W vno K 5 . 2 MON-PRT 5. 2 3 1.3 29.7 2^.o 33 . 1 32.2 3 ? .7 2 B. A 35.4 DECEMBER 73.0 20.4 21.0 2^ .7 74.4 7B. 1 22.6 JANUARY 11.2 2% 3 10. 1 12.5 12.3 9.7 9.5 FEBRUARY V \ 5 3.5 5.0 4 . 0 4. 5 7 .O 7. 1 4.4 7.3 MARCH 5.2 6. 7 4 . 9 5. 4 5.0 4 . 1 6. 5 APR I L 4. 7. 9 7.5 6. 7 7. 7 B. 5 B. 7 9.4 A. B MAY 1. 9 3.6 ?. 9 7.4 1. 3 0. 6 7. 1 I . A JUNE 2. 5 3.7 3. 5 3.1 7 .0 1. 5 7.7 1.9 JULY 1 .3 2, 7 2.5 2. 4 1.4 0 .6 0 AUGUST 1 .4 1. 8 1 .Q 1.4 1.2 D .9 2.2 1. ^ 1.3 SEPTEMBER 2.6 2. 5 2.1 2.1 ?. B 2. 1 I .6 ? . 7 OCTOBER 1.5 2.1 1.3 2.3 3.7 1.6 1. 6 2 .0 1. 1 1.5 2. 6 2.0 1.2 3. 3 1 .7 TCTAL * 100 .0 100. 0 1 Of. n (MEMORANDUM: DECEMBER 10 1.2 DECEMBER 15 2 .7 5 °- m T AX 8 1.1 AND .o CIVIOEMD or NOVFMBFR NOVEMBER OR L ATER * YORK ?/ or 1971 OCT AN 0 n \/FR I no. o 1 1m . n MAY NOT ADD DUF TO R O U N D I N G . 7. 0 1 On. r MATJP I T TCS ) 0.9 i . s 2.0 3.4 2. 0 1.5 4.5 7. 5 AND TOTALS c WHICH ? .6 ARF TABLE 3D MATIjRITY DISTRIBUTION OF OUTSTANDING NFGOTIAPL- TI^F CEPTiFir^Fq Qp OFongiT 1/ AT WEEKLY REPORTING BAN KS S T 7F as OF ?R nrr 1970 CUMULATIVE nc q AN'< S 2 / PE^CE\'TAGF %I CD» S MATUR ING IN 19?n 3. * *?C0 MILLION TO $500 MILLION 3 $50^ SI MILLION Tn BILLION .9 4. 6 TO?AL NEW V09K CI TY 5.7 ^ .2 3 3 . 8 ^4.7 T7.Q 37 .Q DECEMBER 50.4 5 2 . 6 54. 8 55.4 42.3 4 4 . R JANUARY 6 9 . 5 4 3 . 8 6 7 . 3 4 7 .7 ? 1 . 1 FEBRUARY 7 3 . 0 68.A 71.3 72.2 M AR CH 7 8 . 2 7 5 . 5 76. ? 7 7 . 6 APR I L 9 6 . ! 93. 0 8 2 . 9 84. MAY 8 6 . 6 85. A 87.? 0 3 2 . 2 00 36 .4 9 0 . 5 90. 3 89.3 8 ?:». 3 88 . 3 8 . 9 8 9 . 7 87. 3 89. 7 3 1 . 2 QN. 0 9 .8 9 ? . 4 SEPTEMBER 95. S 9 7 . 4 9 6 . 2 9 6 . 2 Q 1 .8 74. 5 n 1 91 . * 5 9 2 . 0 91. 9 2 . 7 91.5 94. « o5.5 95. 5 95.1 *4.5 97.8 N Q .7 OA. 7 9 8 . 1 ICO. 0 ] N0 . N I N C L U D E S C ER T I F I C A T F S I N D E N O M I N A T I O N S OF t l 0 0 , 1 0 0 OR MORE I S S U E D R Y WEEKLY R E P O R T I N G R A N K S . T O T A L D E P O S I T S AS R E P O R T E D I N THE C A L L RF PORT OF C O N D I T I O N ON DECEMBER 3 1 T 1 9 6 5 . P R I M E BANKS ARE THOSE WHOSE 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 REGARDED 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 TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF F ACH OTHER W I T H I N T H E SECONDARY M \ P< ET.- 64. r 8 5 . •> 9 4 . 1 100 5 6 .4 64. Q 8 9 . 1 93. 7 1 00. 0 43. 7 8 7 . 5 94.8 1O0.0 R 13. PI.3 93.7 lor.o 7.3 7 5. 8 AUGUST' NOVEMBER OR L A T E R 5. 2 90. 4 9 2 . ? 7. 5 C I TY 7 9 . 0 3 2 . 7 9 8 . 3 NON-PRI VHQ K 74. 8 9 1 . 8 9 8 . 9 OUTSIDE NRW 69.3 9 3 . 0 Qg.n 1/ 7 4 .0 9 2 . 3 OCTOBER oypp 74.2 7 6. 3 JULY Q AN0 PP I M F NOVEMBER JUNE 1/ 2/ 3/ 5.1 29-31 S20N M I L L ION AND UNDER ON 1971 OCT total BILLION QUALITY 1^0.1 AND WHICM 1 NO. N AQC TABL E 3 F SALES /! / OF N E G O T I A B L E T I ME C E R T I F I C A T E S OF P E P H S I T S I N C E P R E V I O U S AT WEEKLY R E P O R T I N G RANKS BY S ? Z E O c BANKS 3 / AS OF OCT 19 7 0 PERCENTAGE OTSTR I B ' J T I O N MONTH SI CD 1 S M A T U R I N G 1970 197 I OCT IN TOTAL S7O0 MILLION A NO UNDER $2 0 0 $500 MILLION TO MILLION S50n $1 MILLION TO R I LLinN ?/ B I L L i n N AND OVER PR'I v c TOTAL 4 / M C W YORK CITY OUT S H E N C W YORK r I ty MPN —PR! ME 79-31 NOV EMBER 34 ,4 36. 6 35.2 34.7 n.9 7 6 .A 16.0 45 . n DECEMBER 26.3 25.A 26. 0 22.2 77.4 29.5 ?A . o 21. 6 JANUARY 17.9 1A.B 1 O. 3 20.5 M.4 16. 9 15.5 20.1 FEBRUARY 1.3 1.3 0.9 1.5 1 .3 1.3 1.6 n M AP CH 1.7 1.9 1 *4 2. 1 1.6 2. ? 1. 4 " .9 A. 3 4. 7 APRIL A .9 9. 0 7.9 9.1 MAY 0.6 0.1 r.4 ? JUNE 1.5 1.1 0.5 JULY 0.4 0*4 AUGUST 0.2 SEPTEMBER HCTCBER OR L A T E R TOTAL * o. 1 .7 1 .6 2.9 0.1 0.5 0 .4 0.4 0.2 0.2 P.7 0 .4 0. 1 0.9 0.5 6.7 4.6 7.7 100.0 lOf.0 I CO. 0 (MEMORANDUM : TAX DECEMBER 1C 1 .4 1-0 1.0 DECEMBER 15 3.7 1-5 1.4 254 SEE T E C H N I C A L A P P E N D I X A . INCLUDES CERTIFICATES I N DENOMINATIONS T O T A L D E P O S I T S AS REPORTED I N T H E C A L L P R I M E BANKS ARE THOSE WHOSE N E G O T I A B L E R E PQ R T E € - AY - OF A 1 € R S T O ^T f I T C T A L S MAY NOT AQC DUE T n R O U N D I N G . Digitized*for FRASER 86 AND 0 * 6 7 0.6 * ^.6 r>. * 0. 2 1.1 0.3 o. 1 o. 6 ! 6.2 6.0 A. 7 5.7 I'n.n 100 . 0 0 1 v / I D E NO MATURITIES) 2.1 82 5 0. 6 1.2 ( MEM OR AND J M : .Q 11.1 0. 6 -- 1/ 2/ 3/ 4/ A.° .o NU MR ER OF 2 1 «>n. n 5 . f> ion. 0 -- 1.6 2.3 1.1 1.0 4.7 5.7 3.4 4.5 P AM < S > 49 37 OF t l 0 0 * 0 0 0 OR MORE I S S U E D BY WEEKLY R E P O R T I N G B A N K S . REPORT OF C O N D I T I O N ON DECEMBER 3 1 , 1° 6 5 . C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B E I N G OF THE H I G H E S T OR 2 B A S I S P O I N T S OF E A C H " FTHE R w T T H I ^ ^ T M f <ECn\) DART W P t R ^ T . ie 12 QUALITY AND WHICH APE • • • e TABLE AVFRAGF # # # 4A MATURITY OF OUTSTANDING NEGOTIABLE AT TT ME C E R T I F I C A T E S WFFKtV AT n RF o r R T I N G VARIOUS ( IN SURVFv HATES MONTHS ) OCT 1071 REPORTING ISSUING CD'S 2.7 2.4 2.1 CHICAGO 3.0 2 .7 2.6 OTHER 3.1 i .1 3. 4 C ITY $200 M OVER $1 3/ PR IM E BAMKS- ARF IN I L L I ON 3.1 3.? 3 .4 3.1 3.0 3.2 2. 9 2.7 2.8 2.7 2.4 2.3 3.2 3 .1 3.4 2.6 2 .6 ?.9 MILLION NEW YORK C I T Y 0 UTS I D E 3/ NEW YORK C I T Y OFNOMINATIONS REPORTED THOSE WHOSE 2/ 3.5 3/ NON-PRIM E CERTIFICATES RANK> 3 .3 IN PRIME OF 2.2 BILLION PR I M E SIZE MILLION $ 5 O r - $ 1,O0G AS LOCATION) 3.0 $200- $500 DEPOSITS 197n 2.9 UNDER TOTAL AUG BANKS (BY 2/ 26 3.0 N EW YORK INCLUDES OF SURVEY 3T-SE D 1970 («/ 1/ 1/ CLASSIFICATION 29 ALL DEPOS TT ANK S DATE RANK OF IN THE CALL 0*= * 1 0 0 , 0 0 0 REPORT OR MORE OF C O N D I T I O N ISSUED ON BV WEEKLY DECEMBER 31, RFPORTING BANKS. 1965. N E G O T I A B L E C E R T I F I C A T E S OF DE POS I T ' AR F W G A W E D AS * BrrSTG ^ Y W H I G W s t Q U At T t V AND TRADE W I T H I N 1 OR 2 BASTS PCI NTS OF EACH OTHER W I T H I N THE S E : ONDA RY M A R K E T . W H I C H ARE R F P O R T E D BY D E A L E R S TO e w w TABLE^4R AVEQAGF MATU? fTV nf NEGOTIABLE TIME SOLD BY DURING THE C F R T T F I C AT E S OF WEEKLY HATE n CT 1370 OF TO-SFP (BY ALL SURVEYS MONTHS) BA NK C L A S S I F I C A T I O N ?R SURVEY 197n AUG 19 7 n REPORTING BANKS 2.7 2 .? CITY 3.1 7.2 CHICAGO 3.1 9.0 OTHER ?.5 2.? (AY UNDER 26 LOCATION) ISSUING CD'S NEW YORK I / RFOORTI M . RANKS MONTH OF VARIOUS (IN npp n s r T r $200 MILLION SIZE 2.5 RANK) 2/ 2.5 ?.s 2.4 2.5 $200—$5CO M I L L I O N 2.7 $5 0 0 - $ 1 , 0 0 0 2.8 2.3 ?. r 2.7 2.1 1 .A 3.2 2.2 1.7 2. 5 2 .0 2.1 2.2 1.9 1.6 OVER MILLION $1 P I L L I O N PRIME IN NEW YORK C I T Y PRIME OUTSIDE 3/ NEW YORK C I T Y 3/ NON-PRIME CERTIFICATES 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ P R I M E BANKS ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S rr D E P O S I T ARE REGARDED AS B«= IMG ]*= THE H I G H E S T Q U A L I T Y AND W H I C H ARF REPORTED BY DEALERS TO TRADE W I T H I N 1 00 2 R A S I S POINTS OF FACH OTHER W IT H IN THF SF 1 ON'IA Rv MARK F T . Nirr F — Q F P TFTMM T r AT AS IN D E N O M I N A T I O N S REPORTED APPFNJHTY r . IN OF $ 1 0 0 , 0 0 0 THE C A L L REPORT OR MORE ' OF ?. 0 ISSUED BY WEEKLY OF C O N D I T I O N . ON DECEMBER 3 1, REPORTING RANK S. 1965. • # • § • • TABLF PATIO 0^ OUTSTANDING N^GOTIAPLF TO TOTAL AT VARIOUS (PFP • TOTAL D E P O S I T S 2 / M I L L IONS OF D O L L A R S ) ALL 3ANKS CD'S OCT TIYE CERTIFICATES SURVFY DATES CENT) INCLUDES 1170 2^ AUG 197n P.c 9 .7 Q . 7 9.2 Q . 1 .7 Q. 7 ^ . 2 1 2.0 9. Q 9 .2 8.6 S .4 *. 2 12.3 1 1 .7 500 1000 Q 1000 10 IN NFW YORK E OUTSIDE CERTIFICATES 3/ NF W YORK 3/ IN O E N O M I N A T I O N S OF AS REPORTED IN THE C A L L SI 00 , 0 00 PE PQPT WORE BY WFFKLY TABLE ARE T <T At 31 , QANKS, P R I M E BANKS ARE THOSE WHOSE 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 4 R C °E~,ARDFD flS 9 E T \ , r , n F THE H I G H E S T QUALTTY A MO WHICH ARE REPORTED B V D E A L E R S TO TRADE W I T H I N 1 CR ? BASTS P O I N T S OF EACH 0 T HER W I T H I N THE SF C ON 0 AP Y* M Ar>K F T . THIS ON DECFMBFR REPORTING 3/ IN CONDITION TSSUFO 11.1 TOTAL D E P O S I T S IN T HE D E N O M I N A T O R OF THE R A T I O I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S . OF OR . 7 2/ NOTE- DEPOSITS S^P SURVFV 9 . ? 1 0.4 NONPRIM E 1/ 30 OF Q 500 PR I 1/ 9. 6 2CU - M DEPOSIT in.4 9. 4 PR IME OF ISSUING 200 OVER • DE POS i r c IQ7n UNDER - • 5 A DATE ( IN • OEM AN 0 196^. AN 0 T E r>FD 1$ I T t , T N~ L U D I M l TABLE 5 P RATIO 0C OUTSTANDING NEGOTIABLE T I ME r F P T i n c U E S Op DEPOSIT 1/ TO TOTAL DEPOSITS AS OF ?9 OCT (NUMBER OF TOTAL D E P O S I T S (IN ALL MILLIONS BANKS CCS OF 2/ DOLL AR S ) 5? OR LFSS 5 TO I 0% 13 70 PANK<) 10 T0 15* 15 TO 20 TO 2 5? 65 ?7 17 6 10.4 7 5 ? 4 28 13 2 00 - 500 ?4 IB 2I 1! 5no looo 10 16 14 4 13 1 2 3 1 6 3 3 4 1 9 ? 1000 IN NEW YORK P R I M E OUTSIDE 3/ NEW YORK 3 / NONPPIMF 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARF THOSE WHOSE NFGOTI ABLE CFR TJ ARF REPORTED BY DEALERS TO TRADE W I T H I N NOTE- AS IN DENOMINATIONS REPORTED IN THE CALL OF REPORT IN 5 If . 4 4 q ° . 7 5 ? 1 10.7 n 0 12.0 0 o 8. 6 2 1 12.? 2 $1 CC, COO OR MORE D E P O S I T S I N THE DENOMINATOR OF THF PATIO INTERBANK AND U . S . GOVERNMENT D E P O S I T S . ( D FR 75 ?6 PRIME 3ATI0 64 2Or CVER AVERAGE CD TO DEPOSIT r FNT ) ISSUING UN CEP - 25% no MPRF ISSUED BY WFFKLV OF C O N D I T I O N ON DECE^KER 3', REPORTING 3A\J<S. 196 5 . CAT FS OF DEPOSIT 'ARE REGARDED AS * F I M I F THF HIGHEST Q U A L I T Y AMH 1 OR 2 B A S I S POINTS OF EACH OTHER WI T H I N THE SECONDARY MARKET. THIS TABLE ARE T O ^ A L DEMAND AMD T I ME D E P O S I T S , INCLUDING I S • • • # # TABLE PER CENT CHANGE IN SFP 1 9 7 0 TO 2B (NUMBER TOTAL ( IN ALL DEPOSITS MILLIONS RANKS CD'S DECLINES 2/ REDUCED C D ' S TO ZERO OF D O L L A R S ) 10% OR MORE • T I MF OCT r F R T I F I C * t F HP # HFPOSIT / I 197C OF BANKS > OF 5 TO 11% • 5C OUTSTANDING NFGOTIAPLF 30 • I N CP EASES 1 c 5% OR LESS NO CHANGE 5? OR LFSS 1 n<? pR MHOp 5 TO 10% I S S U E D C D ' S BUT HAD NONE O U T S T A N D I N G ON BASE DATE ISSUING 3 20 19 30 15 37 78 7 UNDER 2 CC 3 10 7 14 6 11 21 1 200 - SOO 0 5 5 11 7 14 ! 3 27 o 500 - 1000 0 2 5 3 1 4 14 19 1 0 3 2 2 I fl 10 11 0 0 o n 1 0 1 5 0 0 3 n 0 n -> 3 6 n r 0 2 1 1 6 A ? n OVER 1000 PRIME IN NEW PRIME OUTSIDE YORK 3/ NEW YORK 3/ NONPRI ME 1/ INCLUDES 2/ TOTAL 3/ P R I M E BANKS ARE THOSE WHOSE 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 APE REGARDED AS B E I N G OF THF H I G H E S T Q U A L I T Y AND WHICH ARE REPORTED BY O F A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH G T HE 3 W I T H I N THE SECONDARY MARK F T . NOTE- CERTIFICATES DEPOSITS IN D E N O M I N A T I O N S OF AS REPORTED I N THE CALL £10 QR MQRF REPORT OF C O N D I T I O N ISSUED BY WEEKLY ON DECEMBER 31, REPORTING B A N K S * 1965. THE N UM B EQ OF BANKS I N T H I S TABLE D I F F E R S FROM THOSE I N MOST OTHER T A BL F S T3 THF FXTFNT t h a t HAD O U T S T A N D I N G C D ' S ON THE LAST SURVEY REDUCED T H E I R OJTST A NO I NGS TO ZERO ON T H I S SU*V«=Y. NKS T4AT # # $ # # # TABLF P ER CP NT CHAISGF I N OUTSTANDING 29 JUL ( NUMBER TOTAL (IN ALL DEPOSITS MILLIONS /2 OF DOLLARS) REDUCED — C D ' S 25% TO OR ZERO MORE BANKS I S S U I N G cm S TO # 2* Q OF M OCT M C CERTIFICATE QF 15 TO 2 0% 1C TO 15* 0EP1SIT / I 19?R AK'KS) DFCL INFS OF 20 TO ?5* # 50 N F GOT I A B L E 1970 # INCREASE 5 TO io* 5% OR LESS NO CHANGE 5% 5 OR TO 10? LESS ' 10 NP 1 S TO 2^ % TO 15? 6 12 2 4 6 11 7 8 13 7n ?4 B ?p TO n® MPCF T SSUEO c m s BUT HAD NONE OUT STANDI NT, 2? 112 5 UNDER 200 6 8 I 0 3 4 4 2 6 q 9 4 7 27 2 ? 00 500 0 2 1 3 9 4 p 4 5 4 0 1 9 39 ! 1000 0 1 0 1 0 2 1 1 1 5 3 V 6 r 1 0 0 1 1 2 I 1 ? ? I ?? r 3/ 0 0 0 C 0 0 0 p 0 3 n 0 7 n YORK 3 / 0 1 f> n n 1 1 :* p. 1 1 1 1 5 p 0 G 0 n 1 0 I 1 T 1 ? I n 10 0 - 500 - OVER 1 0 0 0 PRi#E in ww wiff misiBE mm nm NGNPRIME - 1/ INCLUDES 2/ T CTAL NOTE- CERTIFICATES I N DEPOSITS DENOMINATIONS' I F AS REPORTED I N THE CALL THE NUMBER OF WANKS I N T H I S HAC OUTSTANDING C D ' S ON THE OUTSTANDINGS TO ZERO. $100 , 0 0 0 0* »ORF ISSUED BY WEEKLY » = » H T T N G REPORT HF CnNn I T 1 3 N DM DECEMBER 31, 7 RANKS. % T A B L E O F F E R S FROM THOSE I N HOST OTHER T M L F S TJ FHF EXTENT THAT „ SURVEY THREE MONTHS PRIOR TO THF CURRENT SURVEY, R F n n r F O ~ T H F I R A W S AT • t • • TA6LF CHANGE IN OUTSTANDING OVER THE AT AS A PER SEP 1970 TO (NUMBER TOTAL ( IN ALL DEPOSITS M I L L IONS BANKS CD'S 2/ DECLINES OF D O L L A R S ) 3% A NO OVER CF np 2B CERTIFICATES r -F THE OCT TOTAL nr DEPOSIT 1/ HE PCS I T S PERIOD 1 970 RANKS ) OF INCREASES 1 TO 2* 1 % ANO LFSS MO CHANGE 1% AND LFSS 1 TO 2? 3? AND DVCR 2 T"i 3? ISSUING 2 3 8 57 15 101 46 11 9 UNDER 200 0 1 4 26 6 28 15 1 4 200 - 500 0 1 ? 19 7 33 1^ 4 ? 500 - 1000 1 0 1 A ] 23 q 4 1 1 1 1 4 1 17 q 9 1 0 0 0 1 n 2 9 2 0 1 1 1 0 7 1 0 0 0 3 A 6 OVER 1000 PR IMF IN NEW PRIME OUTSIDE YORK NEW 3/ YORK 3/ NONPRIM E • 2 TO 3? T IVE CENT BEGINNING THE 30 5F NEGOTIABLE MONTH • 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANKS ARE THOSE ARE REPORTED BY NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL WHOSE N E G O T I A B L E DEALERS TO TRADE OF *100,000 REPORT MORE OF C O N D I T I O N ISSUED BY WEEKLY ON HECEMBER 31, 0 REPORTING 1Q65. 0 RANKS. v C E R T I F I C A T E S OF D E P O S I T ARE REGARDED AS B F IN G 1 F THF H I G H E S T Q U A L I T Y AMn W I T H I N 1 OR 2 B A S I S P O I N T S OF. E & C H OTHER W I T H I N THE SECONDARY M A R K E T . D E P O S I T S I N THE DENOMINATOR OF THE R A T I O I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S . OR 1 1 IN THIS TABLE ARE T O T A L DFMAND AND T I MF n E D n ST T^ f INCLUDING # # # # # # # TARLF CHANGE OVcq IN THREE MONTH S AS LAST AT THE 29 BEGINNING JUL 1970 " (IN ALL L DEPOSITS MILLIONS BANKS CD'S 2/ DECLINES OF D O L L A R S ) 5% AND OVER 4 TO 5 9 3 TO 4% T T MF f F RT T r I r AT r s A CENT # pc n c TOTAL HPD^STT ]/ HFOPSITs OF THF ° FR TOD TO 2 8 (NUMBER # 5F OUTSTANDING N E G O T I A B L E THF # OCT 1970 OF BANKS) OF INCREASES OF 2 TO 3* 1 TO 2? 1% AND L ESS NO CHANGE 1% AND UNDER 1 TO ?? 2 TO 3% 3 TO 4% 4 TO 5? 5? AND OVER ISSUING 0 4 2 A 25 A 45 43 36 26 1= 34 JNDER 2 00 0 1 ? 0 3 14 2 22 16 7 6 2 200 - 500 r 1 2 1 2 6 4 10 19 11 7 6 12 500 - 1000 0 0 0 1 1 3 I 7 6 Q 1° 4 s 0 1 0 0 2 2 1 6 2 Q ? 3 p 0 0 0 0 0 0 0 1 2 1 7 1 0 1 c n 1 1 o 2 1 4 I n 1 0 0 0 0 1 1 1 4 0 1 1 6 OVER 1000 PR I M F IN NEW YORK 3/ P R I M E OUTS I C E NEW YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL DEPOSITS 3/ PRIME WHICH BANK S AR F THOSE WHOSE NEGOTIABLE ARE REPORTED BY DFALFRS TO TRADE NOTE- CERTIFICATES AS IN DENOMINATIONS REPORTED IN THE CALL OF $1 0 0 , nQO OR MORE REPORT C O N D I T I O N ON DECEM PER 31, REPORTING 1965 . RANK S. ' C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G .IF THF H I G H E S T Q U A L I T Y AND W I T H I N I OR 2 B A S I S POINTS OF FACH OTHER W I T H I N THE SECONDARY MARKET. D E P O S I T S I N T H E DENOMINATOR OF THE R A T I O I N T E R B A N K AND U . S . GOVERNMENT D E P O S I T S . OF ISSUED RY WEEKLY IN THIS TABLE ARE T O T A L DFMANO AND T I M E np PnSITSt INCLUDING TABLE V6TUOITY I I c.TR I R U T I 1 N 6A OF N U T S T A N D I NG NFGCTT APLE AT WEEKLY QFPOPTTNG %AN"< %Y FEDERAL PESFRVE O I S T R T ^ T AS OF 9Q OCT (AMOUNTS ALL DISTRICTS BOSTON 1209.7 104.4 NOV 7338 .6 DEC CD' S MATURING 1970 1971 ^F DEDR^YT MILLIONS OF OOL! 1 ATLANTA CHI — CAGO 34.4 116.% 6 .5 841.4 96.1 13.9.4 657.4 7 122.6 9".3 3^9.5 47. 7 66.9 ^3.3 4?.2 95. 1 4A.Q 26.8 49.9 61 . 1 44.1 .0 19.9 689.4 38.8 149.5 43.9 c 4. 5 244.? 26.1 65.8 1 0.4 52.5 14.4 ? 5. o 63.4 22.2 152.6 14.4 .46.8 92.6 4 1.6 431.0 10.6 68.0 1 6. 7 52.8 10.5 AUG 325.6 20. C 82.3 6 . 3 31.? SEP 521.8 9. 5 2 0?.7 10.5 OCT 484 .6 9.8 224. 1 11.6 449. 1 11.1 109.8 9. R Tf H M1NC PHI L A DELPHI A CLEVFLAND 421.2 36.4 141.1 54%.4 2 755.1 1Q3.R 165 . 1 14^.9 5432.5 992.C 2176.= 2^4.3 281.1 114.1 ^ 3 8'6. L 122.J 690.9 48.2 1 JAN 81. 1 FEB 924. 3 35. 1 172.8 12.° MAR 1224.9 36.4 332 . 2 APR 1868.5 47. * MAY 448 .0 12. 1 JUN 594.5 JUL OCT 29-OCT AVERAGE MUMPER 3 1 OR L A T E R MATURITY OF REPORTING 1/ INCLUDES 2/ SEE ONLY TECHNICAL DETAILS 1.9 MAY NOT 18 CERTIFICATES APPENDIX ADD TO ISSUED IN N'F W YORK " ? . ^ M INN F A31LT< 1 7. ? KANSA S C I TV DALLAS SAN! FRANCISCO 1 K7. 4 51 4 . 1 19^.9 141.1 T49.6 993.1 69.8 279.3 1AR.2 6. 1 21.1 70 .7 2ie.; 6. ? 33.6 114.° ^51.7 14.f 39.8 13^.4 399.3 22.9 10 . 4 17. A ?9. 6 113.1 •^1.8 15.0 3.0 25."i 24.2 112.5 3 1.5 78.7 8.0 1. 7 16.^ 4?.l 74.5 16.0 ?6.2 10.5 1. 3 2n. 21. ? 7 2C . 1 4 1 .1 29.9 2?.4 68.2 7.7 1. ? 97.9 71 . * 71. Q 2%.9 22.3 11.4 6^.2 5.6 0 .7 14.0 ?9. a 58.2 r. 94.0 15.1 25 . 1 7 4. 1 1 2 . f' 4. 9 8.6 29. a Q4. 3 8150.4 8 40. 1 1579.0 696 . 3 906.9 2 8 9 5 .8 416.9 303.4 61 9 . 8 1923.9 47^2.6 2.7 2.1 ^ .6 3.6 ?. 5 3 .1 3. A 2 .0 3. 4 2. 9 3.1 45 10 15 23 36 11 5 19 23 DENOMINATES B. TOTALS I / IT?" ST. l^UIS NOV * IN IN FFPTIFICT^FS DUE TO ROUND I N G . OF 17 <100,000 OP MORF BY WFFKLY 119.6 6. n PORT I NIG ^AMK 73 44. ' 0 } . 3 •2.9 e # e e e e TABLF 1/ SALFS OF NEGOTIABLE 2/ CERTIFICATES Oc 0 E D 0 S I T SINCE WEEKLY REPORTING BANKS BY FEDERAL RFSERVE D I S T R I C T ( AMOUNTS 1970 1971 MATURING ALL DISTRICTS BOSTON NOV 2858.? 233.1 DEC 2185.9 J AN CCT IN MILLIONS ATL ANT A 975.7 159.5 113.7 64.4 9 5. 7 91.8 876.2 85.6 101.? 32.2 1492.1 91 . 3 537.0 33.9 89.9 FEB 104.5 17. 8 36.2 2 .3 MAR 140 . 1 8. 8 63. 0 3.3 APR 7 29.1 28.4 329.4 MAY 47.0 3.6" 18. 7 0.9 2.4 1 0 . 5 J UN 121. 5 5. 1 85.9 3.1 4. 5 1.6 J UL 33.Q 3.6 11.9 0.3 2.7 AUG 19.8 1.4 9. 0.4 1 .1 SEP 30 . 8 OP LATER Q * 3 195.1 2. 1 2.9 I N C L U D E S ONLY C E R T I F I C A T E S 3/ SEE ADD 11.6 498. 6 2/ MAY NOT 246.1 31 9 . 9 SEE T E C H N I C A L A P P E N D I X DETAILS 0.4 r . 4 2.7 APPENDIX 5.4 557. 1 1/ TECHNICAL C. 3 fs 3 19 . 3 1.0 P R E V I O U S MONTH CHICAGO IN DENOMINATIONS 3. TO TOTALS DUE TO R O U N D I N G . OF 5AM FP A N r ISrn ST. LOUIS MINNFADOLI S KANSAS r T TV 10C.3 4?.7 34 . 4 6 3. 1 ?46. C =?8.6 54.4 2*2.8 ?4. i 28.4 4?.9 1 40. Q 414.4 34. 6 37. 4 2?4.6 21.4 41. n 4 0. 5 1 4A. 1 192 . 4 2.Q 2.6 1.2 11 . 7 0 . 4 2. 6 2.5 s. 1 1 9 .? 4.6 1 ^ .Q 4. 3 17.5 1. 1 1 .6 1. 4 6. 6 1 7. 0 20.3 117.9 6.7 7.1 14.2 5 5. 1 71 . A 10. 2 1 n.? 1.5 6.5 C .6 0.0 0.2 8.2 0.1 l.r 1 . 6 n. 7 1 .8 0.0^ 32.; 27.Q 1.5 1 .4 1.0 5.2 1. A 31. A 2 3.5 12.7 71 . 0 12.6 390.6 200. 1 229.9 1057.7 2.9 3 .4 2.4 2.9 1 1 2.6 S10H , 0 0 0 OR 6.5 5. 1 6 .7 n. ] 1. 5 4 .3 0.8 n . 7 0. n 2.7 n n >. 1 4. 1 1 0.6 f>. P 118. ? 2.9 MQRE BY WEEKLY R E P O R T I N G B A N K S . DALLAS ?. ? n .3 6 A. ISSUED # OF DOLLARS) RICHMOND 1 8. 0 e 19 70 CLEVFLA NO AVERAGE M A T U R I T Y I N MONTHS 3 / * NEW YORK 28 PHILADELPHIA OCT TOTAL IN # 6R TIME AS OF CD'S e 2.1 n . 5 1 7Q. A 2.6 49. 1 67?.P 2. 6 T 1. 0 1345.2 2.3 i e e e e e e TABLE MATURITY r,F 28 (PERCENTAGE MATURING IN ALL DISTRICTS BOSTON 5.1 8.2 NOV 31.3 42.6 DEC 73. 0 1 9 71 J A N 1970 TOTAL 1/ # # # 6C D I S T R I B U T I O N OF O U T S T A N D I N G NFGCT I ABLE T I M E AT WEEKLY R E P O R T I N G RANKS. BY FEDERAL RESERVE D IS TR I f T AS CD'S # CERTIFICATES DEPOSIT 1/ OCT 1 <57n DISTRIBUTION) PHILADELPHIA C LEVFLAND RICHMOND AT!_ ANT A 4.3 8 .9 3.2 4. 3 33. 8 46.o 23.1 23.0 22.9 26.7 24.3 17.8 10. 1 9. 6 8.5 5.7 FEB 3 .5 2. 8 2. 1 MAR 5.2 2.9 APR 7.9 MAY MI N N F APOLIS KANSAS CITY OALL AS 4. c 1.6 5 .7 4. ^ 6. 5 3.8 28.3 ?Q. 1 23. 1 39.6 75.5 7 Q. -> 78.9 17.0 17.3 22.7 1* . 2 24. 3 22.* ]9. ? 22. ^ 1 1 .5 17. 5 11.2 11.4 10.7 14. 5 11.3 15.3 1.5 4.2 4 .8 5.2 3.3 11.7 2 .O 4 4.1 3.2 3.2 8 .8 5. 5 5.2 4. A 7.p 3.7 8.5 4.6 9.5 6.3 6.8 e.s 6.3 1.9 0. 9 0.8 1.2 3. 3 2.1 3.2 2.2 JUN 2. 5 1.7 1.9 1.7 3 .0 3. 3 5. 2 JUL 1.8 0.8 C. 8 2.0 3.3 1 .5 AUG 1.4 1. 6 1.0 0.7 7.0 SEP 2.2 0.7 2.5 1.2 OCT 2. 1 b. 8 2 .7 NOV OR L A T E } 2.n 0. 9 1.3 100.0 100.0 OCT 29 - O C T * INCLUDES 31 ONLY C E R T I F I C A T E S ISSUED IN 5.3 1 00. 0 CHICAGO SAN FR A N 01 S CO ST. LOUIS N EW YORK 3.7 4. n 5.7 5. 4 6.3 8.3 4.6 6•4 7. 2 9.3 5. 5 3.4 2.8 2.7 7.7 3.7 8 .6 i.o 4. r 1.6 2.7 3.9 7.7 1.9 7 .9 7.0 0.9 2.6 4.3 2.8 1.4 1.6 3.2 1 .1 6.0 100.0 133.^ DENOMINATIONS OF $1QOtnor A .6 2. 6 3. 4 l.B 7.q 3.6 2 1.7 1.7 7.4 1 . 8 0.4 6.4 I. 7 1.7 1.4 2, I 1.3 0. 7 7.4 2.7 1.4 2.2 3.1 2.6 T. 9 1.4 1.4 1.3 7 .0 133.0 100. 0 100.0 10C.f> ino.o 100. n OR MORE PY WEEKLY ; REPORTT NG B A N K S . 1 00, 0 1 oo.T # # # # # # # # # # t TABLE MATURITY DISTRIBUTION 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 AT WEEKLY REPORTING BANKS BY f=FOFOAL RESERVE D I S T R I C T AS flF MATURING IN ALL DISTRICTS BOSTON 5.1 8. 2 NCV 36.4 DEC 1 9 7 1 J AN 1970 HF DE^ISIT 1/ CHI — CAGO ST. LOUIS INN EAPOLIS KANSAS C I TY DALLAS SAN TP A N CISCO 1.6 5 .7 3 6. 5 3.8 197P PERCENTAGE) CLEVELAND RICHMOND ATL ANT A 5. 3 4.3 8 .9 3.2 4. 3 50.8 39. 1 51. ? 32.0 26.2 3?.6 33. 1 24. 7 45.1 29.R 34. 7 32.7 59.4 73.7 65.8 75.5 4 9. 8 43.2 49 . 9 55.8 42.9 69. 4 52.6 <3.9 54.7 69. 5 83. 3 74.3 81.2 5 1.3 63.7 61. 1 67.2 53 . 1 R 3. 9 63.9 6Q.2 63.4 FEB 73.0 86.1 76.4 82.7 65 . 5 65.5 66. 1 7 0. 5 64. ^ 8 ^ .9 67. % 7^. 9 68.6 MAR 78.2 89.0 80. 5 85. 9 68.7 74.3 71.8 75. 7 6°. 1 87.9 7?. 7 79. c 76.9 APR 86.1 9?.7 89.0 90. 5 78.2 8 7 3 .6 94.2 75. & 92.< 7o. 1 86.7 R6.2 MAY 88.0 93.6 89.8 9 1.7 81.5 82.7 91 . 8 86 . 4 80.Q 95.9 81 . 9 88.9 ° 3 .9 J UN 90 . 5 o5.3 91.7 93.4 84.5 86.0 87.0 *9.6 89 . 5 96.9 85. 9 90.3 91 . 4 JUL 92.3 9 6. 1 92.5 95.4 87.8 87.5 90. 9 92.3 91.4 97.5 88. 5 93. 7 ?3.4 AUG 93.7 97.7 93. 5 96. 1 89.* 92.9 Q3.2 93. 9 97.c 9 1.7 94.9 95. 1 S EP 95.9 99.4 96.0 97.3 92.4 95.7 95.6 95.7 9R.3 96. 1 96.6 96. 8 OCT 98.0 99.2 98.7 °8. 5 98. 5 98.8 99.2 mo .0 100.0 29-OCT NOV OR LATER 1/ CT CERTIFICATES PHILADELPHIA OCT INCLUDES 31 ONLY C E R T I F I C A T E S ISSUED NEW YORK n 28 ( CU Ml J L AT I V E CD'S 63 1 00. 0 98.7 100.0 I N DE NCMI NAT I O N S CF 94. 0 m .3 $1 0 0 , 0 0 0 n .6 94.7 4. C 97.9 97.1 97.7 Q7.0 130.n 100. ^ inn.r irro.* OR MORE RY WEEKLY REPORTING M 100 . 0 RANKS, lOn.r, 1 on. n iro.n 6C TABLE 1/ SALES OF N E G O T I A B L E 2/ H ME C E R T I F I C A T E S 0 F D E P O S I T S I N C E WEEKLY REPORTING RANKS BY FEDERAL RESERVE D I S T R I C T AS OF 79 (PERCENTAGE CCS MATURING 1970 1971 ALL DISTR TCTS BOSTON NOV 34.4 46 .8 DEC 26.3 J AN KANSAS r I TY n A L L AS 39.8 2Q. 1 35.1 36. 6 39.3 ?6. 7 21.4 24.0 23.R 22.3 3 0. R 21.2 19.0 34. 7 22.5 22.n 1 4.^ 1. 1 0 .4 2. 2 1. 4 0. 8 1 .4 1. 9 1.7 1 1.4 0. 8 1. o 1 13.9 « .8 11.1 6. 0 6.0 7.9 8. 2 5.3 o. 6 0.7 0.2 1.0 0.1 0. ? 0. 2 0.3 0. 5 1.0 1.2 o.Q ^.7 0.6 0. 5 0.- 0.3 0.8 0.5 0.4 0.1 0.7 0. n 0. 1 0.8 0.1 r>. A n . 1 0. 2 0 .1 0. 3 0.3 0.1 r - .3 0.3 0. 3 0.2 0 .0 0.7 0. 4 n. n 0.2 0.4 0.1 0.2 0.1 n.4 0.2 0.4 0.5 1.6 0.0 0.1 0.6 0.8 6.7 2.7 7.7 3.6 8. 1 11.7 5 .5 6.7 11.2 0. 7 7. 5 7.3 F. 3 100.0 100.0 100. 0 100.0 10O.0 100.0 10 0 . 0 - 100.0 1 00. 0 ! oo. n 5 0. 0 29.1 32.2 4 1.6 28.4 18 . 4 27.4 26.9 26.4 16.1 23.7 17. 9 1 8.3 16 . 8 10.6 23.0 1 7.3 16.3 FEB 1. 3 3. 6 1.1 0.7 0 .7 I. ? 0. 5 M AP 1.7 1. 8 2. 0 1.0 1.2 5,6 APR 8.8 5.7 10.3 5.6 8.3 MAY 0.6 0. 7 0 .6 0. 3 J UN 1.5 1.0 2.7 JUL 0.4 0. 7 AUG 0.2 SEP OR LATER TECHNICAL INCLUDES SALES DETAILS 1 00. 1 100.0 * APPENDIX THIS MAY NOT ADD TABLE NEW YORK ATLANT A ST . L 0 U IS A. ONLY C E R T I F I C A T E S IN <AN FRANCTSC.n MI N N E APOLTS CHIC AGO 30.5 2/ * IS TR I B J T I ON) RICHMO NO SEE - 197? C LEVEL AND 1/ NOTE nrj PH1LADEL P H I A OCT TOTAL IN n PREVIOUS MONTH ARE ISSUED NAT TO TOTALS DUE I N DE NOMT NAT I C N S ADJUSTED FOR C D ' S TO ROUNDING. OF THAT $100,000 HAVE OR MORE py MATJ RED. 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 d a t e — a r e assumed to mature in the middle of the period between the .survey date and the end of the calendar month in which the survey is taken. The weights are the quantity of CD's maturing in each month or fraction thereof as a proportion of total CD's outstanding and the starting date for calculations is the survey date. A downward bias in the calculated average maturity develops from the fact that all CD's maturing in more than twelve months after the survey date are lumped together. All of these CD's are assumed to mature in the middle of the twelfth full month after the survey date, regardless of the actual, but unknown, maturity of the CD's maturing in more than twelve full months. SALES Average maturity of negotiable time certificates of deposit sold between survey dates are calculated in exactly the same way. That is, they are weighted averages calculated from the survey date with the assumption made that all CD's mature in the middle of the month. Any CD's sold between survey dates and maturing in the period between the current survey date and the end of the calendar month in which the current survey was taken (a maximum of 6 days) are ignored. 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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