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October 2, 1978 L.4.1 CONFIDENTIAL (FR) SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE WEEKLY REPORTING BANKS as of August 30, 1978 f£DE r v of '<* :h U t r a r y Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System • • • • • • # # AGGREGATE MATURITY UlSTRlbuTlUN UP U U T S T A N D 1 N G N t G o T 1 A b L t 1/ TIME C E R T I F I C A T E S OF DEPOSIT AT WEEKLY R E P O R T I N G bANKS AS OF 30 AUG 1976 CU'S AMOUNT (MILLIONS OF DOLLARS) SALES PREVIOUS SINCE MONTH PtRCtNTAGfc DISTRlttUTlON CUMULATIVE PERCENTAGE 1,505.5 1.7 1.7 .0 SL.PT t M b t k 23,031.9 25.8 27.5 9,361.8 OC1 ubt K lb,771.6 21.0 46.5 5,7ol.4 NbVEMbtk 10,973.-d 12.3 60.6 3,5d4 .4 ut Cfc MbtK 9,U4V.3 10.1 70.9 933.9 9,166.7 10.3 61.2 <1,419.4 FcbkUARY 5,751.3 6.4 67.6 4,728.9 MARCH i ,45b.4 1.6 89.2 269.5 AKRIL 1,4C7.8 1.6 90.8 163.9 MAY A,110.6 1.2 92.0 231.2 JUNE 699.9 1.0 93.0 54 .4 JULY 934.9 1.0 94.0 131.4 AuUUST 631.1 .9 94.9 744.1 3/ 4,272.8 4.8 99.7 09,^05.3 100.0 MA T UKING 1N 197o AUUUbT 31 197 V JANUARY OVER It M U N T H S TOTAL INCLUDES K/ S A L E S A R E N O T A D J U S T E D F O R M A T U R I T I E S A N D A R E D E R I V E D BY S U B T R A C T I N G O U T S T A N D I N G S M A T U R I N G IN E A C H M O N T H T H C P R E V I O U S S U R V E Y F R O M M A T U R I T I E S IN T H E S A M E M O N T H O F T H E C U R R E N T SURVEY. TOTAL SALES DIFFER FROM THE C H A N G E I N T O T A L O U T S T A N D I N G S BY T H E A M O U N T O F C D ' S T H A T H A V E M A T U R E D . 3/ OVER 11 CERTIFICATES MONTHS. IN DENOMINATIONS 666 ml 729.0 1/ ONLY <L/ DOLLARS) 28,424.3 1.6 2.3 1,649.2 2,022.1 10 15 UF TAX A N D D I V I D E N D M A T U R I T I E S ) (MEMORANDUMS StPTEMbER SEPTEMbER (MILLIONS OF >100,000 UK MOKE ISSUED BY WEEKLY REPORTING BANKS. OF TABLE 1 1/ MATURITY DISTRIBUTION UF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS AS OF 30 AUG 1978 CD'S MATURING IN AMOUNT (MILLIONS OF DOLLARS) SALES SINCE PREVIOUS MONTH 2/ (MILLIONS OF D O L L A R S ) PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE 1,505.5 1.7 1.7 S.EPTtMBER 23 »031*9 25.8 27.5 9,361.8 OCTOBER 18, 771.B 21.0 48.5 5,761.4 NOVEMBER 10,973.2 12.3 60.8 3,584.4 DECEMBER 9,049.3 10.1 70.9 933.9 9.186.7 10.3 81.2 2,419.4 hEbRUARY 5.751.3 6.4 87.6 <•,728.9 MARCH 1.456.4 1.6 89.2 289.5 APRIL 1.427.8 1.6 90.8 183.9 MAY 1,110.8 1.2 92.0 231.2 JUNE 899.9 1.0 93.0 54.4 J U L Y 934.9 1.0 94.0 131.4 AUGUST 831.1 .9 94.9 744.1 3/ 197b AUGUST 31 197S JANUARY OVER 12 MONTHS TOTAL 4.272.0 89,20b.3 (MEMORANDOM: SEKItMBER SuFTLMotR 10 15 1 * 649.2 2.022.1 100.0 .0 100.0 XXX XXX 26,424.3 TAX AND DIVIDEND MATURITIES) 1.8 2.3 XXX XXX 666 .7 7 29.0 1/ i iCLUuto ONLY CERTIFICATED IN D#= NOMINATIONS OF $100,000 OR MOKE 1SS0ED BY WEEKLY REPORTING BANKS. 2/ St J/ S LEa OF CD'S MATURING AFTLK TtCHNICAL APPfcNDiX A . 11 MONTHS. TABLE 2A 1/ M A T U R I T Y 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 OF D E P O S I T NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS GF 30 AUG (IN M I L L I O N S O F NEW CD'S 1978 1979 MATURING YORK AMOUNT IN DOLLARS) ALL CHICAGO AMOUNT 2/ SALES SINCE PREVIOUS MONTH OTHER WEEKLY REPORTING AMOUNT 2/ BANKS SALES SINCE PREVIOUS MONTH JL 256.9 .0 147.6 .0 1,101.0 .0 SEPTEMBER 6,284.1 1,652.8 2,405.3 1,053.7 14,342.5 6,655.2 OCTOBER 4,910.2 881.2 2,528.6 668.3 11,333.1 4,212.0 NOVEMBER 3,114.4 760.6 1,377.9 460.1 6,480.9 2,363.7 DECEMBER 2,983.7 186.6 821.6 18.2 5,243.9 765.4 JANUARY 2,692.0 787.1 785.4 95.4 5,709.3 1,536.9 FEBRUARY 2,344.5 2,115.8 664.3 608.5 2,742.4 2,004.6 MARCH 143.5 33.1 126.5 42.2 1,188.4 214.2 APRIL 173.8 9.1 306.9 14.7 947.1 160.1 MAY 176.1 25.8 140.2 44.6 794.5 160.8 JUNE 128.9 1.5 67.7 9.7 703.2 43.2 JULY 148.0 12.1 107.2 7.8 679.7 111.4 AUGUST 173.7 76.5 44.6 580.8 594.6 /3 AUG OVER 31 12 M O N T H S TOTAL NUMBER * OF REPORTING 104.6 /3 SEPTEMBER SEPTEMBER 1/ I N C L U D E S XXX 7*4.4 XXX 2,201.4 XXX 24,816.8 6,570.3 10,340.1 3,031.4 54,048.2 18,822.3 BANKS 2/ SEE TECHNICAL SALES OF 332.4 577.0 CD'S CERTIFICATES APPENDIX MATURING AFTER 11 M O N T H S . * T O T A L S M A Y N O T ADD D U E TO R O U N D I N G . TAX AND DIVIDEND MATURITIES) $100,000 OR MORE ISSUED BY 1,118.5 1,265.9 78.9 42.3 198.4 179.2 99.3 179.8 IN D E N O M I N A T I O N O F A. 217 10 10 10 15 ONLY /3 1,287.0 (MEMORANDUM: 3/ 1976 CITY SALES SINCE PREVIOUS MONTH AT WEEKLY REPORTING BANKS. 488.6 506.8 2/ T A B L E 2B 1/ M A T U R I T Y 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 OF D E P O S I T AT NEW YORK C I T Y , C H I C A G O , A N D A L L OTHER WEEKLY R E P O R T I N G B A N K S AS OF 3 0 A U G 1978 A N D 26 JUL 1978 (PERCENTAGE D I S T R I B U T I O N ) NEW YORK CITY CD'S MATURING CHICAGO ALL O T H E R IN 30 AUG 0 - 6 DAYS 2/ 26 J U L 30 AUG 26 JUL 3 0 AUG 26 JUL 1,0 5.4 1.4 5.2 2.0 6.4 01 MONTHS 3/ 25.3 23.5 23.3 26.0 26.5 27.5 02 M O N T H S 19. 8 18.3 24.5 13.0 21.0 14.9 03 MONTHS 12.5 15. V 13.3 17.9 12.0 13.8 04 M O N T H S 12.0 9.3 7.9 8.8 9.7 8.0 05 MONTHS 10.8 11.0 7.6 8.1 10.6 8.7 06 MONTHS 9.4 7.5 6.4 6.6 5.1 8.1 07 MONTHS .6 .9 1.2 .5 2.2 1.4 08 M O N T H S .7 .4 3.0 .8 1.8 1.9 09 M O N T H S .7 .7 F »**• 2=* 1,5 1 ,5 10 M O N T H S .5 .6 .7 .9 1.3 1.2 11 M O N T H S .6 1.0 .6 1.3 1.3 12 M O N T H S .7 .5 .7 1.0 1.1 1.1 5.2 5.4 7.6 7.8 4.1 4.2 100.0 100.0 100.0 100.0 100.0 100.0 OVER 12 M O N T H S TOTAL * 1/ I N C L U D E S O N L Y 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 OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY W E E K L Y R E P O R T I N G BANKS. 2/ NUMBER OF D A Y S R E M A I N I N G IN SURVEY M O N T H . THIS P E R I O D V A R I E S WITH THE N U M B E R O F D A Y S F O L L O W I N G THE LAST W E D N E S D A Y OF T H E M O N T H . 3 / NUMBER O F M O N T H S F O L L O W I N G THE SURVEY MONTH. * T O T A L S M A Y N O T A D O D U E TO R O U N D I N G . T A B L E 2C 1/ M A T U R I T Y 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 OF D E P O S I T NEW YORK C I T Y , C H I C A G O , A N D A L L 01 HER AS O F 3 0 A U G WEEKLY 1 9 7 8 A N D 2 6 JUL AT REPORTING BANKA 1978 (CUMULATIVE DISTRIBUTION) . CD'S MATURING IN NEW YORK CITY 30 AUG 0-6 D A Y S 2/ 26 JUL CHICAGO 30 AUG ALL O T H E R 26 J U L 30 AUG 26' J U L 1.0 5.4 1.4 5.2 2.0 6.4 01 M O N T H S 3/ 26.3 28.9 24.7 31.2 28.5 33.9 02 M O N T H S 46.1 47.2 49.2 44.2 49.5 48.8 03 MONTHS 58.6 63.1 62.5 62.1 61.5 62.6 04 MONTHS 70.6 72.4 70.4 70.9 71.2 70.6 05 MONTHS 81.4 83.4 78.0 79.0 DL.TI 79.3 06 M O N T H S 90.8 90.9 84.4 85.6 86.9 87.4 07 MONTHS 91.4 91.8 85.6 8B.1 89.1 88.8 06 MONTHS 92.1 92.2 88.6 86.9 90.9 90.7 09 MONTHS 92.8 92.9 90.0 89.7 92.4 92.2 10 M O N T H S 93.3 93.5 90.7 90.6 93.7 93.4 11 M O N T H S 93.9 94.0 91.7 91.2 95.0 94.7 12 M O N T H S 94.6 94.5 9Z.4 92.2 96.1 95.8 100.0 100.0 100.0 100.0 100.0 100.0 OVER 12 M O N T H S 1/ I N C L U D E S O N L Y 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 OF $ 1 0 0 , 0 0 0 OR M O R E BANKS. 2 / N U M B E R OF 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 . THIS P E R I O D V A R I E S F O L L O W I N G THE LAST W E D N E S D A Y O F T H E M O N T H . 3/ NUMBER O F M O N T H S F O L L O W I N G THE SURVEY MONTH. I S S U E D BY WITH WEEKLY REPORTING THE N U M B E R O F DAYS MATURITY DISTRIBUTION OF O U T S T A N D I N G NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 2/ AS OF 30 AUG 1978 I AMOUNTS IN MILLIONS OF D O L L A R S ) TABLE 3A 1/ $5 BILLION AND OVER $1 BILLION TU $5 BILLION $500 MILLION AND UNDER $500 M I L L I O N TO $1 B:ILLION 1,505.5 154.1 242.1 539.4 SEPTEMBER 23,032.0 1,409.5 2,976.6 OCTOBER 16,771.9 781.5 NOVEMBER 10,973.1 DECEMBER C D ' S MATURING IN TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 569.9 220.1 349.8 7,944.8 10,701.1 5,300.6 5,400.5 1,701.0 5,218.6 11,070.8 4,386.8 6,684.0 473.9 1,060.2 3,166.3 6,232.7 2,696.4 3,336.3 9,049.3 325.7 702.5 2,647.4 5,373.7 2,857.7 2,516.0 9,186.7 317.0 670.2 2,784.3 5,415.2 2,524.4 2,890.8 FEBRUARY 5,751.3 154.0 467.4 1,556.0 3,573.9 2,204.9 1,369.0 MARCH 1,458.4 70.1 199.2 699.1 490.0 132.9 357.1 APRIL 1,427.6 72.5 124.8 535.7 694.8 166.3 52o.5 MAY 1,110.7 71.5 115.5 432.3 491.4 167.3 324.1 JUNE 699.9 66.2 137.0 365.tt 330.9 112.1 216.6 JULY 934.9 63.0 137.4 335.8 398.7 142.7 256.0 AUGUST 631.1 52.1 114.7 2o5.9 398.4 164.7 233.7 4,272.7 106.3 233.2 707.3 3,225.9 1,272.8 1,953.1 69,205.3 4,117.4 8,901.8 27,218.7 46,967.4 22,551.7 26,415.7 1978 AUG 31 1979 JANUARY SEPTEMBER OR LATER TOTAL * (MEMORANDUM: TOTAL tuuincwn n MATHQ TAX AND UXV1UCMU A I U MITIP<VI 1 It OJ — — — SEPTEMBER 10 1,649.2 107.3 211.3 605.8 724.8 256.5 469.3 SEPTEMBER 15 2,022.2 127.3 255.6 723.5 915.6 353.4 562.2 17 7 10 (MEMORANDUMS 237 72 NUMBER OF B A N K S ) 65 83 1/ INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2 / TOTAL ASSETS AS R E P O R T E D IN THE CALL REPORT OF CONDITION ON JUNE 30, 197b. * TOTALS MAY NOT ADD DUE TO ROUNDING. S A L E S / ! / OF TABLE 38 N E G O T I A B L E TIME 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 M O N T H AT W E E K L Y R E P O R T I N G B A N K S BY SHE OF B A N K S 3 / A S OF 3 0 A U G 1 9 7 8 ( A M O U N T S IN M I L L I O N S OF D O L L A R S ) 2/ S5 BILLION CD'S MATURING 1978 A U G IN TOTAL $500 MILLION AND UNDER *500 MILLION TO SI BILLION SI B I L L I O N TO S5 B I L L I O N TOTAL AND OVER NEW YORK CITY OUTSIDE NEW YORK CITY 31 SEPTEMBER 9,361.9 696.7 1,575.1 3,675.1 3,415.0 1,185.0 2,230.0 OCTOBER 5,761.5 334.7 678.5 1,757.0 2,991.3 633.9 2,357.4 NOVEMBER 3,584.3 236.4 490.3 1,364.3 1,493.3 612.7 880.6 DECEMBER 933.9 83.1 113.9 454.4 282.5 153.9 128.6 JANUARY 2,419.4 67.2 139.2 836.1 1,376.9 707.2 669.7 FEBRUARY 4,729.0 98.7 298.2 1,216.8 3,115.3 1,981.0 1,134.3 MARCH 289.5 B.6 30.8 133.1 117.0 32.3 84.7 APRIL 183.9 8.8 17.2 108.1 49.8 8.6 41.2 MAY 231.1 23.4 20.2 81.7 105.8 24.9 80.9 JUNE 54.5 5.5 16.7 19.1 13.2 1.0 12.2 JULY 131.4 8.7 Z3.8 63.4 35.5 10.9 24.6 AUGUST OR L A T E R 744.0 34.4 170.3 265.5 273.8 95.3 178.5 3,574.2 9,974.6 13,269.4 5,446.7 7,822.7 TOTAL * 28,424.4 1,606.2 — (MEMORANDUM TAX AND DIVIDEND MATURITIES) SEPTEMBER 10 666.7 61.8 107.2 220.1 277.6 76.3 201.3 SEPTEMBER 15 729.1 60.9 124.9 355.8 187.5 82.3 105.2 — 237 72 (MEMORANDUM: NUMBER OF 65 BANKS) 83 17 1/ SEE 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 OF $ 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 / TOTAL ASSETS A S R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON J U N E 3 0 , 1 9 7 5 . * T O T A L S MAY N O T A D D D U E T O R O U N D I N G . 10 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/ AS OF 30 AUG 1978 PERCENTAGE DISTRltiUTlON TABLE 3C 1/ $5 BILLION AND OVER CD'S MATURING IN TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 BILLION TO $5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 1.7 3.7 2.7 2.0 1.2 1.0 1.3 SEPTEMBER 25.8 34.2 33.4 29.2 21.9 23.5 20.4 OCTOBER 21.0 19.0 19.1 19.2 22.6 19.5 25.3 NOVEMBER 12.3 11.5 12.1 11.7 12.7 12.8 12.6 DECEMBER 10.1 7.9 7.9 9.7 11.0 12.7 9.5 10.3 7.7 7.5 10.2 11.1 11.2 10.9 FEBRUARY 6 .4 3.7 5.3 5.7 7.3 9.8 5.2 MARCH 1.6 1.7 2.2 2.6 1.0 0.6 1.4 APRIL 1.6 1.8 1.4 2.0 1.4 0.7 2.0 MAY 1.2 1.7 1.3 1.6 1.0 0.7 1.2 JUNE 1.0 i.6 1.5 1.3 0.7 0.5 0.8 JULY 1.0 1.5 1.5 1.2 0.8 0.6 1.0 AUGUST 0.9 1.3 1.3 1.0 0.8 0.7 0.9 SEPTEMBER OR LATER 4.8 2.6 2.6 2.6 6.6 5.6 7.4 100.0 100.0 loO.O 100.0 100.0 100.0 100.0 1978 AUG 31 19 79 JANUARY TOTAL * — — — — (%M•E M O R A N D U M S• e TAX Ifl OIVlfiPMft ATI IB 1 TIPQ1 i ANntw ui YlUuIfUM riAIUnl 1 lCdl — SEPTEMBER 10 1.8 2.6 2.4 2.2 1.5 1.1 1.8 SEPTEMBER 15 2.3 3.1 2.9 2.7 1.9 1.6 2.1 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 3D MATURITY D I S T R I B U T I O N O F O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF AT W E E K L Y R E P O R T I N G B A N K S BY SIZE O F B A N K S 2 / AS OF 30 AUG 1978 CUMULATIVE PERCENTAGE DEPOSIT 1/ $5 BILLION CD'S MATURING IN TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 B I L L I O N TO $5 BILLION TOTAL NEW YORK CITY 197FT A U G 1979 31 1.2 1.0 OUT SIDE NEW YORK CITY 1.7 3.7 2.7 SEPTEMBER 27.5 37.9 36.1 31.2 23.1 24.5 21.7 OCTOBER 48.5 56.9 55.2 50.4 45.7 44.0 47.0 NOVEMBER 60.8 68.4 67.3 62.1 58.4 56.8 59.6 DECEMBER 70.9 76.3 75.2 71.8 69.4 69.5 69.1 JANUARY 81.2 84.0 82.7 82.0 80.5 80.7 80.0 FEBRUARY 87.6 87.7 88.0 87.7 87.8 90.5 85.2 MARCH 89.2 69.4 90.2 90.3 88.8 91.1 86.6 APRIL 90.6 91.2 91.6 92.3 90.2 91.TI 88.6 MAY 92.0 9Z.9 92.9 93.9 91.2 92.5 89.8 JUNE 93.0 94.5 94.4 95.2 91.9 93.0 90.6 JULY 94.0 96.0 95.9 96.4 92.7 93.6 91.6 AUGUST 94.9 97.3 97.2 97.4 93.5 94.3 92.5 SEPTEMBER OR L A T E R 1/ 2/ * 2.0 AND OVER 100.0 100.0 100.0 100.0 100.0 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 O R 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 TOTAL ASSETS 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 J U N E 3 0 , 1 9 7 5 . TOTALS MAY NOT ADD DUE TO ROUNDING. BANKS. 100.0 1.3 100.0 SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/ AS OF 30 AUG 1978 PERCENTAGE DISTRIBUTION TABLE 3fc $5 BILLION AND OVER CD'S MATURING IN 1978 AUG TOTAL $500 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 BILLION TO $5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 31 SEPT EMBER 32.9 43.4 44.1 3d.6 25.7 21.8 28.5 OCTOBER 20.3 20.8 19.0 17.0 22.5 11.6 30.1 NOVEMBER 12.6 14.7 13.7 13.7 11.3 11.2 11.3 DECEMBER 3.3 5.2 3.2 4. 6 2.1 2.8 8.5 4.2 3.9 8.4 10.4 13.0 16.6 6.1 8.3 12.2 23.5 36.4 197V JANUARY FEBRUARY 1.6 ti.6 14.5 MARCH 1.0 0.5 0.9 1.3 0.9 0.6 1.1 APRIL 0.6 0.5 0.5 1.1 0.4 0.2 0.5 MAY 0.8 1.5 0.6 0.8 0.5 JUNE 0.2 0.3 0.5 0.8 0.2 0.1 JULY 0.5 0.5 0.7 0.6 0.3 0.0 0.2 AUGUST OR LATER 2.6 2.1 4.8 2.7 2.1 1.7 2.3 100.0 100.0 100.0 100.0 100.0 TOTAL * 100.0 (MEMORANDUMS 100.0 1.0 0.2 0.3 TAX AND DIVIDEND MATURITIES) SEPTEMBER 10 2.3 3.8 3.0 t»2 2.1 1.4 2.6 SEPTEMBER 15 2.6 3.8 3.5 3.6 1.4 1.5 1.3 (MEMORANDUM: 237 1/ 2/ 3/ * 72 65 NUMBER OF BANKS) 83 17 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. 10 # # # # # # # # # TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES (IN MONTHS) DATE OF SURVEY 30 AUG 1978 26 JUL 1978 28 JUN 1978 (BY LOCATION) ALL REPORTING BANKS ISSUING CD'S 3.2 3.3 3.2 NEW YORK CITY 3.2 3.2 3.2 CHICAGO 3.4 3.5 3.5 OTHER 3.2 3.2 3.1 (BY S H E OF BANK) 2/ UNDER $500 MILLION 2.6 2.9 2.7 $500-$l,000 MILLION 2.8 2.8 2.7 $1,000-15,0**0 MILLION 3.0 3.0 3.0 OVER $5 BILLION 3.4 3.5 3.4 IN NEW YORK CITY 3.3 3.3 3.3 OUTSIDE NEW YORK CITY 3.5 3.7 3.4 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. # TABLE 46 AVERAGE MATURITY OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS) DATE OF SURVEY BANK CLASSIFICATION 30 AUG 1978 2b JUL 1978 28 JUN 1978 (BY LOCATION) ALL REPORTING BANKS 2.8 3.0 t .8 NfcW YORK CITY 3.3 3.0 3.1 CHICAGO 2.6 3.0 2.8 OTHER 2.6 3.0 2.7 ISSUING CD'S (BY SIZE OF BANK) 2/ UNDER $500 MILLION 2.2 2.6 2.3 $b00-Si,000 MILLION 2.4 2*6 2.4 SI,000-S5,000 MIL LI ON 2.7 2.7 OVER S5 BILLION 3.0 3.3 3.0 3.6 3.2 3.2 2.7 3.4 2.9 IN NEW YORK CITY OUTSIOfc NPW YOR.n CITY 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CAt I REPORT OF CONDITION ON JUNE 30* 1975. N O T E — S E E TECHNICAL APPENDIX B. TAbLfc RATIO oh UuTSTANOlNG NEGOTIABLE 70 AT TOTAL VARIOUS (PER bA T 1Mb CERTIFICATES TOTAL ASBETS L/ M I L L I O N S OF D O L L A R S ) ALL BANKS CD'S IBSOING SURVEY DATES CENT) 2/ TOTAL NOTE - JUL SURVEY 28 197b JUN 1978 21.0 20.7 20.7 16.0 lb.4 15.t b 00 iOCO 17.9 17.2 16.6 16.1 17.b 16.7 ^4 .6 24.8 2b.3 2b.a 26.8 2 o .9 23.6 23.2 24.1 — 1000 - BOUO OVER 5000 NEW CERTIFICATES ASSETS AS YORK CITY NEW YORK IN CITY DENOMINATIONS REPORTED IN THE CALL OF *100,000 REPORT 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. 26 1973 OF bUO OUT SLUT INCLUDES AOG 1/ UNULR IN 1/ 30 DEPOSIT DEPOSITS DATE (IN OF IN OF OR MORE CONDITION THIS TABLE 1SSOEO ON ARE BY JONE TOTAL WEEKLY 30, REPORTING BANKS. 197b. DEMAND AND TIME DEPOSITS, INCLUDING TAbLE bb RATIO UF O U T S T A N D I N G N E G O T I A B L E TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF 30 AUG 1978 INUMBER OF BANKS) TOTAL ASSETS 2/ (IN M I L L I O N S OF DOLLARS) ALL bANKS ISSUING CD'S 5% OR LESS A V E R A G E CO TO D E P O S I T R A T I O (PER C E N T ) 25% OR MORE 20 TO 25% 15 TO 20% 10 TU 15% 5 TO 10% 29 28 42 38 43 57 21.0 9 10 17 12 14 10 16.0 bOO - 1000 10 11 6 11 10 17 17.9 1000 — 3000 10 7 18 11 16 21 lb.1 0 O 1 4 3 9 24.6 IN NEW YORK CITY 0 0 0 2 1 4 25.6 O U T S I D E NEW YORK CITY 0 0 1 2 2 5 23.8 UNDEK 500 OVER buOO 1/ INCLUDES CERTIFICATES IN D E N O M I N A T I O N S OF $100,000 OR MORE 1SS0E0 bY WEEKLY REPORTING B A N K S . 2/ TOTAL NOTE- ASSETS Ah REPORTED IN THE CALL REPORT OF CONDITION ON JONE 30, 197b. OtPOSiTS IN THE DENOMINATOR OF IHE R A T I O IN THIS TABLE ARE INT t RbANK AND U.S. GuVEKNMtNT DEPOSITS. IOTAL DEMAND AND TIME DEPOSITS, INCLUDING TABLE 5C PtK LENT LhANGt IN GUI STANDING NEGOTIABLE TIME CtRTlFICATE 2 o JUL OF DEPOSIT /I 197tf 10 30 AUG l97d (NUMBER OF dANKS) i 01 A L Aoz* bib t/ (1 m MiLLiONS UF UULLAKb) ALl dANKS ISSolNG Lb * S DECLINES OF R EDUCE D CD'S 10 10% OR 5 TO 5% OR ZtRU MORb IQt LESS 1 10 16 56 INCREASED OF NO CHANGE 6 5% OK LESS 5 Tu 1 at 10% OR MORE , 39 47 1SSUED CD'S BUT HAD NUNc 0UTS7A.NOING ON BASE OATt 63 UNDER 500 1 z 3 17 4 12 14 20 0 bUO - 1U00 0 H 6 13 2 B 13 19 0 l000 — bOOO 0 3 4 16 0 17 19 22 0 OvLR 5000 u 1 3 6 0 2 1 2 0 0 i 1 3 0 1 0 1 0 0 0 2 5 0 1 1 1 0 IN NEW YORK CITY OUTSIDE NEW YORK CITY 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S . 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION U N JUNE 30, 1975. THE NUMBER uF BANKS IN THIS TABLE DIFFERS FRUM 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 S U R V E Y . TABLE 30 PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I 31 MAY 1978 TO 30 AUG 1976 (NUMBER OF BANKS) REDU- TOTAL DEPOSITS /< (IN MILLIONS OF DOLLARS) INCREASE OF DECLINES O F CD'S 25% TO OR ZERO MORE 20 TO 25% 15 TO 20* 10 TO 15% ALL BANKS ISSUING CD'S 5 TO 10* 5% OR LESS Id 24 NO CHANGE 20 TO 25% 15 TO 20% 10 TO 15% 25% OR MORE 5% OR LESS 3 TO 10% 30 33 29 22 13 40 ISSUED CD'S BUT HAD NONE OUTSTANDING UN BASE DATE UNDER 500 1 4 2 4 3 9 7 0 7 10 7 5 3 10 1 500 - 1000 0 1 0 0 z 4 5 0 10 12 7 6 B 10 0 1000 - 5000 0 3 2 1 4 3 9 0 o 6 15 11 2 19 0 OVER 0 0 1 0 0 2 3 0 5 5 0 0 u 1 0 IN NEW YORK CITY 0 0 1 0 u 1 2 0 1 2 0 0 0 0 0 uuTSiUe NEW YORK CITY 0 0 0 0 0 1 1 0 4 3 0 0 0 1 0 bOOu 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S . l/ TOTAL NOTE- ASSETS AS REPORTED IN THt 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 Cu'S UN THt SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO. TAbLE 5E CHANGt IN O U T S T A N D I N G NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOS1T OVER 1/ THE MONTH Ao A PER CENT OF TOTAL D E P O S I T S AT THt BEGINNING OF 2o JOL THE PEKIOD 1978 TO 40 AUG 1976 INOMBEK OF B A N K S ) TOTAL AbSETb z/ Uiv MILL1LNS UF D O L L A R S ) ALL DANKS CD'S DECLINE 3< AND GVtk 2 TO 32 OF 1 TO 2% I N C R E A S E S OF It AND LESS NO CHANGE 14 AND LESS I TO 2% 2 TO 3% 3% AND OVER ISSUlNb 2 4 *0 56 6 61 47 21 20 U ND E K 5 00 0 3 0 1* 4 19 15 6 6 buu 0 1 lu 12 2 15 12 5 b x00 o — bOuO i o 4 ZD u c5 19 10 4 0 Vt k DOOO l 0 D 5 0 2 1 0 2 1 0 2 2 0 1 0 0 1 0 0 4 3 0 1 1 0 1 - 1000 IN NEW YORK CITY OUTSIDE NEW YORK CITY 1/ I N C L U D E S C t k TIF 1CA T t S IN UfcNOMINATIONS OF $100,000 UR MORt c/ TOTAL NOTfc- ASSETS AS R E P O R T E D ISSUED BY WEEKLY RE P O R T I N G B A N K S . IN THe CALL REPORT OF C O N D I T I O N ON JUNE 30, 1975. D E P O S I T S IN THE uENOMINATOrt uF THE R A T I O IN THIS TABLE AKE TOTAL D E M A N D AND T I M E D E P O S I T S , INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5F CHANGt IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE^ OF DEPOSIT OVEK 1/ THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 31 MAY 1976 TO 30 AUG 1976 (NUMBER OF BANKS) (IN MILLIONS OF uOLLARS) ALL INCREASES OF DECLINES OF TOTAL ASSETS 2/ 5% AND OVER 4 TO !>Z 5 TU 4% £ TO 32 bANKS ISSUING CD'S 1% AND LESS 1 TO 1% 12 39 NO CHANGE 1% AND UNDER 2 TO 32 1 TO 2% 47 45 27 3 TO 456 5% AND OVER 4 TO 5% 16 21 1 2 2 o 13 0 13 12 3 3 3 li^tQ — i OuO 0 (> 0 3 6 O 15 17 4 2 b iOuu - 5u00 O i / 3 14 0 14 i3 13 4 9 OVEK i 0 0 O 4 0 5 3 1 0 O 1 0 0 0 3 0 2 0 0 0 0 0 0 0 0 1 0 3 3 1 0 0 UNDER bOl 5000 iit itirW YORK CITY UUlSiDr. NEW YORK CITY 1/ INCLUOfcS C E R U F l C A l L S c/ TOTAL NO It . - ASSETS IN DENOMINATIONS OF $100,000 OR MORE ISSOED BY WEEKLY REPORTING B A N K S . AS KtPORT ED IN iHE CALL REPORT OF CONDITION ON JONE 30, 1975. DbPOSlTS IN THE DtNOMANAT OR OF THE RATIO IN THIS TABLE ARE aNTLRBANK AND U.S. GOVERNMENT DEPOSITS. TOTAL DEMAND AND TIME DEPOSITS, 1NCL0U1NG # # # # # # # # # # TABLE 6A MATURITY DISTRIBUTION OF OUT STANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY FEDtRAL K t S c R V E DISTRICT 1/ AS OF 30 AUG 1976 (AMOUNTS IN MILLIONS OF DOLLARS) ST . LOU I* MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 218.4 12.1 5.3 35.1 200.1 316.9 928.1 3564.7 307.9 299.6 617.9 1663.0 3906.5 609.7 t>54 . 8 3290.3 208.3 153.7 443.5 1053.3 4462.4 622.1 399.2 382.2 1774.0 162.5 60.7 260.3 67b. 6 2247.9 309.3 595.6 221.5 296.0 1243.2 134.4 119.5 166.3 734.2 1761.6 2d26.7 399.6 575.2 215.2 257.9 1044.7 124.3 209.4 160.1 710.3 2406.8 136.6 2425.9 201.3 303.0 149.4 159.6 647.7 67.0 94.7 120.4 349.4 694.2 145ti.3 26.5 178.6 60.2 87.6 106.6 53.6 225.7 27.6 100.8 59.3 207.* 323.4 APR 14c7.b 44.9 201.3 60.4 100.2 76.8 50.0 370.2 18.2 44.5 35.7 177.6 247.6 MAY 1110.8 33.9 189.3 25.5 62.1 83.4 56.6 180.5 18.8 40.4 43.6 151.6 224.7 JUN 699.9 56.3 154.1 44.1 50.4 65.9 61.6 99.9 22.0 14.7 33.8 106.9 186.0 JUL 934.6 24.6 167.1 24.0 46.5 35.9 62.0 132.0 9.5 3.0 26.1 212.7 167.4 AUG 631.0 19.2 196.6 37.2 47.9 43.8 47 .6 118.2 6.1 15.4 29.7 120.0 147.1 4272.7 242 .0 1310.1 86.2 268.7 24.5 102.0 863 *2 26.5 35.1 71.6 251,8 971.0 3365.4 27505.5 3407.0 5100.6 2844.9 3215.4 13992.7 1147.2 1216.6 2305.6 CD'S MATURING IN ALL DISTRICTS BUSTON 1505.4 94.1 STP 25032.0 OCT PHILADELPHIA CLEVELAND 331.5 79.9 67.2 41.6 103.2 996.1 7417.6 687.0 1248.2 771.2 lt>771.7 661.6 5433.3 776.9 1003.9 NUV 1U973.^ 46u . 1 3472.2 415.4 DEC 9049.4 266.6 3200.6 9 ltv6. 7 <:56.5 Ft B 5751.4 MAR 197A AUG 51 1979 JAN SEP OR LATER TOTAL * 69205.1 NEW YORK RICHATLANTA MOND CHICAGO 6615.7 18266.1 AVERAGE MATURITY IN MONTHS 2/ 3.2 3.1 3.0 2.9 3.3 3.0 3.0 3.2 3.0 3.7 2.8 3.5 3.2 NUMBER OF REPORTING BANKS 237 13 36 10 15 19 22 34 11 5 18 24 30 1/ INCLUDES ONLY C E R T I F I C A T E S ISSUED IN DENOMINATIONS OF 1100,000 OR MORE BY WEEKLY R E P O R T I N G B A N K S . 2/ SEE TECHNICAL APPENDIX b . * DETAILS MAY NOT ADD TU 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 30 AUG 1978 (AMOUNTS IN MILLIONS Ot DOLLARS) CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 420.0 1613.1 130.4 91.3 454.8 779.1 1745.2 213.6 195.4 907 .8 59.9 43.2 179.7 341.8 16 15 . 0 129.3 165.0 158.4 646.3 79.5 30.5 108.9 261.1 627 i 1 51.6 104.3 42.4 33.6 61.3 45.1 12.6 36.5 7b.2 139.1 824.9 146.8 186.7 72.0 43.9 164.5 22.5 48.8 26.7 133.8 658.5 1U6.4 2179.0 147.6 213.7 97.1 106.6 732.8 43.0 77.8 77.4 279.6 667.4 289.7 8.6 45.3 19.6 9.0 19.5 10.4 70.6 2.0 1.8 14.6 24.6 63.5 APR 163.9 7.5 13.4 25.9 8.6 36.8 9.2 38.1 1.2 0.5 2.5 16.3 21.9 MAY <31.1 9.3 c7.7 10.3 5.7 19.5 23.1 53.6 1.7 4.1 7.7 12.8 55.4 JUN 54.4 2.3 4.4 5.3 11.6 4.3 0.7 11.9 0.9 0.5 1.6 7.3 3.4 JUL 131.4 7.7 19.J 6.7 11.2 16.0 8.4 11.0 0.8 1.2 6.6 16.3 26.2 AUG OR LATER 744.2 14.1 130.4 39.0 46.4 43.9 41.7 62 .6 6.9 14.8 26.4 1*2.3 115.7 26424.4 1350.6 6055.3 1260.< 1464.8 1069.5 1051.6 4413.6 393.9 327.1 943.6 2135.6 5938.4 3.0 2.9 2.9 2.9 2.6 2.5 2.5 3.4 2.1 3.1 2.5 C D 1 S MATURING IN ALL DISTRICTS BOSTON SEP 9361.9 520.5 OCT 5761.4 NOV RICHMOND ATLANTA PHILADELPHIA CLEVELAND 2415.6 369.6 462.7 359.4 313.0 1151.3 267.1 273.6 3564.5 218.2 990.1 170.1 DEC 933. B 54.8 253.9 1979 JAN 2419.3 88.2 FEB 4726.* MAR TOTAL * AVtRAGt MATURITY IN MONTHS 3/ 2.7 2.1 NEW YORK 1/ Sbfc TECHNICAL APPENDIX A. 1/ INCLUDES UNLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. J/ SfcE TECHNICAL APPENDIX b. * DL1A1LS MAY NUT ADD TO TOTALS DUE TO ROUNDING. TAbLfc 6C MA iUKlT Y D I S T R I B U T I O N UP OUT STANDING N E G O T l A b L E TIME CERTIFlCATt-S Ut- D E P u S I T AT MEEKLY R E P O R T I N G BANKS BY FEDERAL R E S E R V E DISTRICT 1/ AS OF 30 AUG 197b (PERCENTAGE OlsTRlBUT ION) LL • S MAT UK IN (.7 IN ALL DISTRICTS BOSTON NEW YORK 19/S AUG 31 PH1LADELPHIA 1.5 26.0 27.1 7.9 ll.o 11.7 7.6 6.4 FEo MAR 4.1 6.8 O.ti U.7 1.0 JUN l.u 1.7 JUL 1.0 0.7 AUG 0.9 SEP OR TOTAL * 100.0 1/ INCLUDES ONLY C E R T I F I C A T E S M1NNEAPUL1S 1.1 l.b 0.7 11.7 7.6 9.2 6.9 11.7 11.3 7.6 6.0 7.3 10.6 5.3 5.0 6.1 7.6 3.6 1.7 1.6 0.3 1.2 1.0 100.0 1.3 0.9 100.0 100.0 100.0 1.6 100.0 1.6 3.7 1.9 0.7 0.6 0.7 1.3 2.6 1.4 2.2 1.6 1.0 3.1 1.0 1.3 3.7 6 .£ 100.0 10.4 5.2 1.9 1.5 0.9 0.7 6.9 3.3 1.9 12.3 10.8 2.9 i.O 0.7 i.7 6.6 12.7 1.6 0.7 DALLAS SAN FRANC1SCU 35.3 11.9 1.7 KANSAS CITY 0.4 14.0 7.2 LATER ST LOUIS 19.2 0.7 APR MAY CHICAGO 19.7 12.2 10.1 RICHMOND ATLANTA 2.3 21. u OCT CLEVELAND 100.0 100.0 ISSUED IN D E N O M I N A T I O N S OF >100,000 OR MORE BY W E E K L Y R E P O R T I N G B A N K S 100.0 100.0 100.0 TABLE 60 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS Oh 30 AUG 1978 (CUMULATIVE PERCENTAGE) CD'S MATURING IN 1978 AUG 31 ALL DISTRICTS 1.7 BOSTON 2.8 RICHATLANTA MOND CHICAGO PH1LADELPH1A CLEVELAND 1.2 2 .3 1.3 1.5 3.2 1.6 NEW YORK ST. LOUIS 1.1 MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 0.4 1.5 2.9 1.7 SEP 27.5 32.5 28.2 26.3 25.6 2b.6 32.1 27.2 27.9 25.0 37.0 30.2 23.1 OCT 46.5 52.6 46.0 51.1 45.5 50.0 52.5 50.7 46.1 37.6 56.2 45.7 47.5 NOV 60.8 67.1 60.6 63.3 57.7 64.0 64.4 63.4 60.3 44.2 67.5 55.6 59.6 DEC 70.9 75.0 72.2 72.4 69.4 71.8 73.6 72.3 72.0 54.0 74.7 66.4 69.4 1979 JAN 81.2 82.6 6*.5 64.1 60.7 79.4 61.6 79.6 82.6 71.2 81.6 76.8 62.6 FEB 87.6 66.7 91.3 90.0 86.6 84.7 86.6 65.9 88.6 79.0 86.8 81.9 87.5 MAR 69.2 67.5 92.0 91.6 66.3 66.5 86.3 87.5 91.0 67.3 69.4 54.9 89.3 APR 90.6 88.6 92.7 93.6 90.3 91.2 89.9 90.1 92.6 91.0 90.9 67.5 90.7 MAY 92.0 89.6 93.4 94.3 91.5 94.1 91.7 91.4 94.2 94.3 92.6 89.7 91.9 JUN 93.0 91.5 94.0 95.6 92.5 96.4 93.6 92.1 96.1 95.5 94.3 91.3 92.9 JUL 94.0 92.2 94.6 96.3 93.5 97.7 95.5 93.0 96.9 95.7 95.5 94.4 93.9 AUG 94.9 92.6 95.3 97.4 94.4 99.2 97.0 93.8 97.6 97.0 96.6 96.2 94.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 SEP OR LATER 100.0 100.0 100.0 100.0 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY WEEKLY REPORTING BANKS- 100.0 TABLE 6E 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 30 AUG 1978 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON SEP 32.9 3b.5 OCT 20.3 NOV ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 36.5 33.1 27.9 48.2 36.5 29.4 18.6 20.6 15.2 13.2 19.0 16.0 30.6 15.1 15.1 14.6 20.2 9.3 11.5 12.2 10.6 7.1 3.9 3.2 1.8 11.4 3.9 3.9 3.7 2.3 11.6 12.9 6.6 4.2 3.7 5.7 14.9 2.8 6.3 11.1 27.1 11.7 14.6 8.9 10.1 16.6 10.9 23.8 8.2 13.1 11.2 0.6 0.6 1.6 0.6 1.8 1.0 1.6 0.5 0.6 1.5 1.2 1.1 0.6 0.6 0.2 2.1 0.6 3.4 0.9 0.9 0.3 0.2 0.3 0.9 0.4 MAY 0.8 0.7 0.3 0.8 0.4 1.8 2.2 1.2 0.4 1.3 0.8 0.6 0.9 JUN 0.2 0.2 0.1 0.4 0.8 0.4 0.1 0.3 0.2 0.2 0.2 0.3 0.1 JUL 0.5 0.6 0.2 0.5 0.8 1.5 O.tt 0.2 0.2 0.4 0.7 0.8 0,4 AUG OR LATER 2.6 1.0 1.6 3.1 3.2 4.0 4.0 1.9 1.8 4.5 2.8 8.5 1.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100*0 100.0 PHILA— UELPHIA CLEVELAND 30.0 29.3 31.6 33.0 39.9 23.2 14.3 21.2 18.7 19.6 12.6 16.2 12.3 13.5 8.8 Ut C 3»3 4.1 3.2 4.1 1979 J A N 8.5 6.5 10.2 FEtt 16 . 6 7.9 MAR 4*0 APR TOTAL * NEW YURK RICHMOND ATLANTA CHICAGO 1/ SEE TECHNICAL APPENDIX A . 2 / INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100*000 OR MORE BY WEEKLY R E P O R T I N G B A N K S . NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE M A T U R E D . * DETAILS MAY NOT ADD TO T O T A L S DUE TO R O U N D I N G . 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 r 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 comparable 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 current 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 w a y . 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 comparability 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