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b? October 25, 1978 L.4.1 CONFIDENTIAL (FR) : 3 •<scirJ ^ SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE WEEKLY REPORTING BANKS as of September 27, 1978 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System AGGREGATE 1/ MATURITY DISTRIBUTION OF OUTSTANDING NfcGOTlAolfc TIME CERTIFICAT ES OF DEPOSIT AT WbEKLY REPORTING BANKS AS LF 27 SEP 1978 AMOUNT (MILLIONS OF DOLLARS) PtRCENTAGE DISTRIBUTION 3,057.1 3.4 3.4 .0 OCTOBER 26,491.4 31.3 34.7 9,719.5 NOVEMBER 13,696.6 15.1 49.6 f,7c6.4 DECEMBER 12,020.1 13.2 63.0 2,970.8 JANUARY 9,794.7 10.8 73. b 6G b .1 FEBRUARY 6,459.3 7.1 BO. V 706 .0 MARCH o,409.0 7.0 67.9 4,950.6 APRIL 1,806.4 2.0 89.9 361.7 MAY 1,190.7 1.3 91.2 80.9 JUNE 1,067.6 1.2 9^.4 187.7 JULY 993. o 1.1 93.5 57. 6 1,003.B 1.1 94.6 173.9 600.1 .7 95.3 627.9 3/ 4,301.1 4.7 100.0 90,913.5 100.0 MATURING IN SEPTEMBER *6 - 30 AUGUST SEPTEMBER OVER 12 MONTHS TOTAL (MEMORANDUM: DECEMBER 10 OECEMBfcR 15 1,073.8 975.2 CUMULATIVE PERCENTAGE SALES SINCE PREVIOUS MONTH 2/ (MILLIONS OF DOLLARS) 23,195.2 TAX AND DIVIDEND MATURITIES) 1.2 1.1 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF S100,OOO OR MORE ISSUED bY WEEKLY REPORTING BANKS. 2/ SALES ARE NOT ADJUSTED FUR MATURITIES AND ARE DERIVED bY SUBTRACTING OUTSTANDINGS MATURING IN EACH MONTH OF THE PREVIOUS SURVEY FROM MATURITIES IN THE SAME MONTH OF THE CURRENT SURVEY. TOTAL SALES DIFFER FROM The CHANGE IN TOTAL OUTSTANDINGS BY THE AMOUNT OF CD'S THAT HAVE MATURED. 3/ OVER 11 MONTHS. TABLE 1 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTINb BANKS AS OF 27 SEP 1978 SALES SINCE PREVIOUS MONTH 2/ (MILLIONS OF OOLLAKS) AMOUNT (MILLIONS OF DOLLARS) PERCENTAGE DISTRIBUTION 3,057.1 3.4 3.4 .0 OCTOBER 28,491.4 31.3 34.7 9,719.5 NOVEMBER 13,696.6 15.1 49.6 2,7c6.4 DECEMBER 12,020.1 13.2 63.0 *,970.6 JANUARY 9,794.7 10.8 73.8 606.1 FEBRUARY 6,459.3 7.1 80.9 706.0 MARCH 6,409.0 7.0 t>7.9 4,950.6 APRIL 1,806.4 2.0 69.9 361.7 MAY 1,190.7 1.3 91.2 60.9 JUNE 1 ,06 7.6 1.2 92.4 1*7.7 JULY 993.6 1.1 93.5 57.o 1,003.8 1.1 94.6 173.9 600.1 .7 95.3 627.9 3/ 4,301.1 4.7 luo.o XXX 90,913.5 100.0 XXX 23,195.2 MATURING IN SEPTEMBER c8 - 30 AUGUST SEPTEMBER OVER 1< MONTHS TOTAL (MEMORANDUM: DECEMBER 10 DECEMBER 15 1,073.8 975.2 CUMULATIVE PERCENTAGE TAX AND DIVIDEND MATURITIES) 1.2 1.1 XXX XXX 1/ INCLUDES UNLY CERTIFICATES IN DENOMINATIONS OF *lu0,000 OR MURE ISSUED bY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX A. 3/ SALES OF CD'S MATURING AFTER 11 MONTHS. TABLE 2A 1/ MATURITY DISTRIbUTlUN Oh OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT NEW YORK CITY, CHICAGO, ANO ALL OTHER WEEKLY REPORTING bANKS AS OF 27 SEP 197o (IN MILLIONS OF DOLLARS) NEW YORK CITY ALL OTHER WfcEKLY REPORTING BANKS CHICAGO AMOONT SALES SINCE PREVIOUS MONTH 2/ AMOUNT 1976 SEP 28 - SEP 30 687.3 .0 320.5 .0 2,049.3 .0 OCTOBER 6,981.7 2,071.5 3,396.5 867.9 18,113.0 6,779.9 NOVEMBER 3,478.1 363.7 1,925.8 547.9 8,292.8 1,816.9 DECEMBER 3,723.6 739.9 1,lz1.6 300.0 7,174.9 1,931.0 2,744.2 52.2 824.7 39.3 6,225.8 516.5 FEBRUARY 2,611.3 266.8 709.0 44.7 3,139.0 39o. 6 MARCH 1,873.1 1,729.6 750.9 624.4 3,765.0 2,596.6 APRIL 250.4 76.6 370.3 63.4 1,187.7 241.7 MAY 191.4 15.3 144.9 4.7 654.4 60.9 JUNE 195.9 67 .0 69.8 2.1 821.9 lid.7 JULY 152.5 4.5 110.1 2.9 731.0 50.2 AUGUST 233.2 59.5 89.6 13.1 6ol .0 101.3 SEPTEMBER 164.0 86.0 /3 311.D 356.0 /3 1979 JANUARY OVER 12 MONTHS TOTAL * SALES SINCE PREVIOUS MONTH £/ SALES SINCE PREVIOUS MONTH */ CD'S MATURING IN 186.1 Z3 AMOUNT 124.o 1,309.1 XXX 745.8 XXX 2,246.3 XXX 24,595.8 5,632.7 10,704.1 2,596.4 55,613.6 14,966.3 10 10 NUMoER OF REPORTING BANKS (MEMORANDUM: DECEMBER 1 DECEMBER 15 295,8 241.7 TAX AND DIVIDEND MATURITIES) 150.5 135. 8 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATION OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX A. 3/ SALES OF CD'S MATURING AFTER 11 MONTHS. * TOTALS MAY NOT ADD DUE TO ROUNDING. 216 627.5 597.7 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE T IMt CERTIFICATES OF D t P O i l ^ A T NEW YORK, CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS uF 27 SEP 1978 AND 30 AUG 1978 (PERCENTAGE OISTRloUTlUN) CD'S MATURING IN Nfcti YORK CITY 27 SEP 0 - 6 DAYS 2/ CHICAGO 30 AUG 27 SEP ALL OTHER 30 AUG 27 SEP 30 AUG 1.0 3.0 1.4 3.7 2.0 01 MONTHS 3/ 2d.4 25.3 31.7 23.3 32.b 26.5 02 MONTHS 14.1 19.8 lb.O 24.5 It.9 21.0 03 MONTHS 15.1 12.5 10.5 13.3 12.9 12.0 04 MONTHS 11.2 12.0 7.7 7.9 11.2 9.7 05 MONTHS lU . 6 10.b 6.6 7.6 5.6 lU.b 06 MONTHS 7.6 9.4 7.0 6.4 6.8 5.1 07 MONTHS 1.0 .6 3.5 1.2 2.1 2.2 08 MONTHS .8 .7 1.4 3.0 1.5 1.8 09 MONTHS .8 .7 .7 1 .4 1.5 1.5 10 MONTHS .6 .5 1.0 .7 1.3 1.3 11 MONTHS .9 .6 .8 1.0 1.2 1.3 lc MONTHS .7 .7 1.2 .7 .6 1.1 5.3 5.2 7.0 7.6 4.0 4.1 100.0 100.0 100.0 100.0 100.0 OVER 12 MONTHS TOTAL * 1/ 00 <\i TABLE 26 100.0 . ONLY CERTIFICATES IN DENOMINATIONS OF *100,000 UR MURfc ISSUED BY WEEKLY REPORTING 2/ NUMBER OF DAYS R E M A I N I N G IN SURVEY M O N T H . THIS PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE M O N T H . 3 / NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH. * TOTALS M A Y NOT ADD DUE TO ROUNDING. e e e # # e e # e TABLE 2L NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 27 5fcP 1978 AND 30 AUG 19/8 (CUMULATIVE DISTRIBUTION) 27 SEP 30 AUG CHICAGO 27 SEP ALL OTHER 30 AUG 27 SEP 30 AUG 2.6 1.0 j.O 1.4 3.7 2.0 01 MONTHS 3/ 31.2 26.3 34.7 24.7 36.3 28.5 02 MONTHS 45.3 4o . 1 52.7 49.2 51.* 49.5 03 MONTHS 60.4 58.6 63.2 62.5 <>4. 1 ol. 5 04 MONTHS 71.6 70.6 70.9 70.4 75.3 71.2 05 MONTHS 8Z.2 81.4 77.5 78.U 80.9 ' ol. 8 06 MONTHS 69.6 90.8 84.5 84.4 87.7 66.9 07 MONTHS 90.6 91.4 88.0 85.6 o9.fa 69.1 08 MONTHS 91.6 92.1 89.4 88.6 91.3 90.9 09 MONTHS 92.4 9^.6 90.1 90.0 9Y.8 92.4 10 MONTHS 93.0 93.3 91.1 90.7 94.1 93.7 11 MONTHS 93.9 93.9 91.9 91.7 95.3 95.0 12 MONTHS 94.6 94.6 93.1 92.4 95.9 96.1 100.0 100. U 100.0 100. 0 100.0 100.0 0 - 6 DAYS 2/ OVER 12 MONTHS 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS UF $100,000 OR MORE ISSUfcD BY WfcEKLY 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 SURVtY MONTH. . • * 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT NEW YORK CITY • MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES CF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE OF bANKS 2/ AS OF 2? SEP 1976 (AMOUNTS IN MILLIONS OF DOLLARS) TABLE 3A 1/ $5 BILLlUN AND OVER $1 BILLION TO $5 BILLION $500 MILLION AND UNDER $500 MILLION TO $1 BILLION 3,057.1 217.3 443.8 1,248.4 OCTOBER 26,491.4 1,461.6 3,081.6 NOVEMBER 13,696.5 659.9 DECEMBER 12,020.1 CD'S MATURING IN TOTAL NEW YORK CITY OUTSIDE NEW YORK CI 1 Y 1,147.6 565.7 561.9 b,36ti.9 15,579.1 5,990.6 9,566.5 1,372.6 4,218.5 7,445.5 3,16c.7 4,262.8 548.1 1,092.5 3,643.6 6,735.9 3,499.2 3,236.7 9,794.8 383.4 759.9 3,074.7 b ,576.6 2,563.2 3,013.6 FEBRUARY 6,459.4 185.5 515.3 1,728.9 4,029.7 2,4o9.1 1 ,560 .6 MARCH 6,409.1 182.1 454.9 1,770.9 4,001.2 1,760.5 2 ,1.40.7 APRIL 1,808.3 76.6 175.2 645.8 910.7 243.1 o67 . 6 MAY 1,190.8 73.9 122.6 475.9 518.4 180.6 337.6 JUNE 1,087.6 74.8 15u.2 444.5 416.1 156.1 260.0 JULY 993.6 67 .4 147.5 368.0 410.7 146.6 264.1 1,003.8 60.1 129.4 306.5 505.6 223.5 262.3 SEPTEMBER 600.1 51.1 69.9 146.9 330.2 153.1 177.1 OCTObER UR LATER 4,301.1 103.2 <146.0 732.7 3,219.2 1,283.2 1,936.0 90,913.7 4,145.0 6,761.6 27,176.2 50,6zti .9 22,399.4 2ti ,429.5 1978 SEP 28—30 1979 JANUARY AUGUST TOTAL * __ — i MP Ml'lti AMni lM * TAX TOTAL Kil> U1 n IViUCIXU U ! fi-Mfi TIfQ tlXU H AliAlitM I U M 1I lcoi iK \ _____ ~ _ DECEMBER 10 1,073.7 50.3 77.0 359.9 566.5 276.7 309.6 DECEMBER 15 975.2 58.4 55.1 273.9 587.8 211.9 J75.9 17 7 10 — — 237 (MEMORANDUMS 72 NUMBER OF BANKS) 65 83 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY RtPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL RfcPORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NOT ADD DUE TO ROUNDING. TABLE 3d SALES /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOOS MONTH 2/ AT WEEKLY REPORTING bANKS BY SIZE Oh BANKS 3/ AS OF 2 7 SEP 1978 (AMOUNTS IN MILLIONS OF DOLLARS) $5 BILLION AND OVER C D ' S MATURING IN 1978 SEP TOTAL $500 MILLION AND UNDER $500 MILLION 10 $1 BILLION TGIAL NEW YORK CITY OUTSIOE NEW YORK CITY 28-30 OCTOBER 9,719.5 660.1 1,360.6 3,150.3 4,506.3 1,603.6 2,904.5 NOVEMBER 2,726.3 185.9 292.4 1,0^7.2 1,212.6 26o.3 946.5 DECEMBER 2,970.8 <22.4 390.0 996.2 l,3o2.2 64 1 .5 720.7 608.1 66.4 89.7 290.4 161 «o 36.6 122.6 708.1 31.5 47.9 172.9 455.6 264.2 191.6 MARCH 4,950.7 112.0 255.7 1,071.6 3,511.2 1,627.6 i,ti 63.6 APRIL 381.6 5.2 50.4 110.1 215.9 74.6 141.1 81.1 3.4 7.1 43.6 27.0 13.5 13.5 JUNE 187.7 8.6 13.2 76.7 67. c 46 .0 41.2 JULY 57.6 3.3 10.1 32.2 12.0 3.9 6.1 AUGUST 173.9 6 .0 15.9 42.6 107.4 56.6 46.o SEPTEMBER OR LATER 628.0 46.0 62.2 174.3 323.5 163.5 160.0 23,195.4 1,374.6 2,635.4 7,200.3 11 ,9o4.9 4,602. I 7,162.2 1979 JANUARY FEBRUARY MAY TOTAL * (MEMORANDUM: 237 1/ 2/ 3/ * $1 BILLION TO $5 BILLION 72 NUMBER O F BANKS) 65 63 17 SEE TECHNICAL APPENDIX A . INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OK MORE ISSUED BY WEEKLY REPORTING BANKS. TOTAL ASSETS AS R E P O R T E D IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. TOTALS MAY NOT ADD DUE TU ROUNDING. 10 TAbLE 3C $5 BILLION ANU OVfck CD'S MATURING IN *500 MILLION ANU UNDER TOTAL $500 MILLION TO SI BILLION $1 B 1 L H 0 N TO $5 BILLION TOTAL NEW YORK CITY 1978 SEP 28—30 OUTSIDE NEW YORK CITY 3.4 3.2 3.1 4.6 2.3 2.5 2.0 UCTObER 31.3 33.3 35.2 ou.6 30.7 26.7 33.7 NOVEMBER 15.1 15.9 15.7 15.5 14.6 14.1 15.1 DECEMBER 13.2 13.2 12.5 13.4 13.3 15.6 11.4 10.8 9.2 8.7 11.3 11.0 11.4 10.6 FEBRUARY 7.1 4.5 5.9 6.4 7.9 11.0 5.t> MARCH 7.0 4.4 5.2 o. 5 7.9 7.9 7.9 APklL 2.0 1.8 2.0 2.4 l.ti 1.1 2.3 MAY 1.3 1.6 1.4 1.8 1.0 O.B 1.2 J UNE 1.2 1.8 1.7 l.d 0.6 0.7 0.9 JULY 1.1 1.6 1.7 1.4 0.6 0.7 0.9 AUGUST 1.1 1.4 1.5 1.1 1.0 1.0 1.0 SEPTEMBER 0.7 1.2 0.8 0.5 0.6 0.7 0.6 OCTObER UR LATER 4.7 2.5 2.8 2.7 6.3 5.7 6.8 100.0 100.U 100.0 100.0 100.0 100.0 100.0 1979 JANUARY TOTAL * (MEMORANDUM: — TAX ANU DIVIDEND MATURITIES) UECEMbtR 10 1.2 1.2 0.9 1.3 l.c le^ lel DECEMBER 15 1.1 1.4 0.6 1.0 i.2 0 e 9 1#3 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY RtPORTING BANKS. 2/ TOTAL AbStlS AS REPORTED IN Thfc CALL REPORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NOT ADD DUE TO ROUNDING. http://fraser.stlouisfed.org/ • • Federal Reserve Bank of St. Louis # # e e # # # • • • e TABLE 3D MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS BY SIZE QF BANKS 2/ AS OF 27 SEP 1978 CUMULATIVE PERCENTAGE 1/ $5 BILLION AND OVtR CD'S MATURING IN 1976 bEP 28-aO TOTAL $500 MILLION AND UNDER S5U0 MILLION TO *1 BILLION *1 BILLION TO $5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 3.4 5.2 5.1 4. 6 2.3 2.5 2.0 OCTObER 34.7 40.5 40.3 35.4 33.0 29.2 35.7 NOVEMBER 49.8 56 .4 56.0 30.9 47.6 43.3 50.6 DECEMBER 63.0 69.6 GO . 5 64.3 60.9 58.9 62.* 73.8 78.6 77.2 75.b 71.9 70.3 72.ti FEBRUARY 80.9 83.3 83.1 6^.0 79.5 61.3 78.3 MARCH 87.9 87.7 66.3 oo.5 67.7 69.2 06 • 2 APRIL 89.9 69.5 90.3 9i>. 9 69.5 90.3 66.5 MAY 91.2 91.3 91.7 92.7 90.5 91.1 89.7 JUNE 92.4 93.1 93.4 94.3 91.3 91.6 90.6 JULY 93.5 94.7 95.1 95.7 9Z.1 9V.5 91.5 AUGUST 94.6 96.1 96.6 9o. o 93.1 93.5 92.5 SEPTEMBER 95.3 97 .3 97.4 97.3 93.7 94.2 93.1 OCTOBER OR LATER 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1979 JANUARY 1/ INCLUDES CERTIFICATE* IN DENOMINATIONS OF $100,000 OR MORE ISSUED bY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THt CALL REPORT OF CONDITION ON JUNc 30, i975. * TOTALS MAY NOT ADD DUE TO ROUNDING. SALES /!/ OF NEGOTIABLE TIME CERTIF1CATfcS OF DEPOSIT SIMCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING dANKS BY SIZE OF BANKS 3/ AS OF 27 SfcP 197ti PERCENTAGE DISTRIBUTION TABLE 3Er $5 BILLION AND OVER CD'S MATURING IN 197b SEP TOTAL $300 MILLION AND UNDER $500 MILLION TO $1 BILLION $1 BILLION TO S5 BILLION TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 33.4 40.4 <8-30 OCTOBER 41.9 *9.5 52.4 43.6 37.6 NOVEMBER 11.6 13.5 11.1 14.4 10.1 5.5 13.2 DECEMBER 12.8 16.2 i4.a 13.8 11.4 13.4 10.0 2.6 4.B 3.4 4.0 1.3 0.6 1.7 3.1 2.3 l.B 4.4 3.6 5.5 2.7 MARCH 2 1 .3 8.1 9.7 14.9 29.3 33.9 26.2 APRIL 1.6 0.4 1.9 1.5 1.6 1.6 2.0 MAY 0.3 0.2 0.3 0.6 0.2 0.3 0.2 JUNE o.a u .6 0.5 1. 1 0.7 1.0 0.6 JULY 0.2 0.2 0.4 0.4 0.1 0.1 C.l AUGUST 0.7 0.6 0.6 O.o 0.9 1.2 0.7 SEPTEMBER OR LATER 2.7 3.5 3.1 2.4 2.7 3.4 2 .2 100.0 10O.0 100.0 100.0 100.U 1979 JANUARY FEBRUARY TOTAL * 100.0 NUMBER OF BANKS) tMcMORANOUM: 237 72 65 63 11 1/ SEE TECHNICAL APPENDIX A . 2/ INCLUDES CERTIFICATES IN DENOMINATIONS Of $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 3/ TOTAL ASSETo AS REPORTED IN THE CALL Rfc PORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NUT ADD DUE TO R O U N D I N G . 100.0 10 # # # # # e # e e TABLE 4A AVERAGE MATURITY OF OUTSTANDING NEGOTIABLE TIMb CERTIFICATES OF DEPOSIT 1/ AT WEEKLY KtPORIING BANKS AI VARIOUS SURVEY UA7ES (IN MONTHS) DATE OF SURVEY BANK CLASSIFICATION 27 SEP l97b 30 AUG 197o cb JUL 1976 (BY LOCATION) ALL REPORTING BANKS ISSUING CU'S 3.1 3.2 3.3 NEW YORK CITY 3.2 3.2 3.2 CHICAGO j.3 3.4 3.5 OTHER 3.0 3.2 3.2 (BY SIZE OF BANK) £./ UNDER $500 MILLION .o 2.8 2.9 S500-$l,000 MILLION c»b ^ .ti 2 .8 Sl,000-S5,uU0 MILLION C.9 3.0 ^.U OVER $5 BILLION 3.3 3.4 3.5 IN NEW YORK CITY 3.3 3.3 3.3 OUTSIOt NEW YORK CITY J.3 3.5 3.7 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF >100,000 OR MORfc ISSUED tiY WcbKLY RbPORTINU BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. • • TABLE 4b AVERAGE MATURITY uF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS) DATt OF SuRVfcY BANK CLASSIFICATION 2 7 SEP 197B 30 AUG 197* 26 JUL 197* (BY LOCATION) ALL REPORTING BANKS 2.ti 2.8 3.0 NEW YORK CITY 3.4 3*3 3.0 CHICAGO 2.9 <1.6 3.0 mO 2.6 3.0 ISSOINk, CD'S OTHER (BY SIZE OF BANK) <./ UNDER $300 MILLION 2.3 2.2 2.6 $i>00-$l,000 MILLION 2.3 *.4 2.6 $l,000-$5,0u0 MILLION 2.6 2.7 2.7 OVER $5 BILLION 3 .c 3.0 3.3 IN NtW YORK CITY 3.6 3.6 3.2 OUTSIDc NtW YORK CITY c.9 2.7 3.4 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,u00 OR MOKE ISSUED oY WEEKLY REPORTING BANKS. */ TOTAL ASSET* A6 REPORTED IN THc CALL REPORT OF CONDITION UN JUNE 3u, 197b. NOTE—SfcE TECHNICAL APPENDIX B. # # # # # # # # # # # • • • • • • TAbLt • • • 5A RATIO OF OUTSTANDING NfcGOTlABLE TIME CERTIP1CATcS OF DEPOSIT 1/ TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES (PER CtNT) DATE OF SURVtY TOTAL ASSETS 2/ (IN MILLIONS UF DOLLARS) 27 SEP 1976 30 AUG 197b 2o JUL 197* ALL BANKS ISSUlNu CD'S 21.1 21.0 20.b UNDER 500 15.9 16.2 15.6 500 - 1000 17.4 li.9 17.< 1000 - 5000 17.6 18.1 17.5 OVER 500u 25.1 <.4.6 24.b IN NEW YORK CITY 25.6 25.8 2b.6 OUTSIDE NEW YORK CITY 24.o 23.b 23.2 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORt ISSUED BY WttKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 3U, 1975. DEPOSITS IN Tht DENOMINATOR OF IHfc RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIMt DEPOSIT^» INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 56 RATIu OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ TO TOTAL DEPOSITS AS OF 27 SfcP 1978 (NUMBER OF BANKS) TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) ALL BANKS ISSUING CD'S 5% Uk LESS 5 TO 10% 10 10 15% 15 TO 205 2G TO 25% 25* OR MORE AVERAGE CD TO DEPOSIT RATIO (PER CENT ) 29 29 46 42 3d 53 21.1 9 11 17 12 13 10 15.9 500 - 1000 10 10 11 lu tf 16 17,4 1000 - 5000 10 6 17 16 14 lo 17.6 0 0 1 IN NEW YORK CITY 0 0 0 2 1 0UTS1UE NEW YORK CITY 0 0 1 2 2 UNDER 500 OVER 5000 * 3 9 25.1 4 25.6 5 c4.6 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF >100,000 OR MURE 1SSUfcU BY WEEKLY REPORTING oANKS. // 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 ARt TO IAL DEMAND AND TlMfc DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TAbL£ 5C PER CENT CHANGE IN OUTSTANDING NEGOTlAbLE TIMfc CERTIFICATE Oh DEPOSIT /I 30 AUG 1978 TO 27 SEP 1978 (NUMbtK OP BANKS) TOTAL ASSETS 2/ CIN MILLIONS OF DOLLARS) REDUCED CD'S Tu ZERO DECLINES UP 10% Uk MORE 5 TO 10% INCRtASES OP 5* OR LESS NO CHANGt 5* uK LESS 56 5 TO 10% 10% OR MORE ISSUED CD'S bli 1 HAD NUNt OUTSTAND1NG UN BASE DATE ALL BANKS ISSUING CD'S 1 24 34 o4 4 UNDER 500 1 9 b 17 1 1 6 9 9 1 500 - 1000 0 5 16 1 1 1 7 2 0 1000 - 5000 0 10 6 OVER 5000 0 0 ^ IN NEW YORK CITY 0 O OUTSIDE NEW YORK CITY 0 O 22 34 20 2 lb 16 7 0 2 0 9 2 2 0 i l 0 5 0 0 0 i l 0 4 2 2 0 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OP *100,000 UR MORE ISaUEp tiY WtEKLY REPORTING BANKS. 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNfe 30, 1975. THE NUMBER OF BANKS IN THIS TABLE DIPPERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD LiUT STANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY. TABLE 5D PER CENT CHANGFC IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DTPOSIT /I 28 JUN 1976 10 27 SEP 1976 (NUMBER OF BANKS) TOTAL DEPOSITS /2 (IN MILLIONS OF D O L L A R S ) REDUCED CD'S 25* TO uR ZERO MOKE ALL bANKS ISSUING CD'S D E C L I N E S OF 20 TO 2 5% lb 10 20% 10 YU 15% 11 INCREASE OF 5 TO 10% 5% OR LESS 15 28 NO CHANGE 5% OR LESS 5 TO 10% 32 31 10 TO 15% 15 TO 20% *0 TO 25% 25% OR MURE 19 13 ISSUcD CD'S bUT HAD NONE OUTSTANDING ON BASE DATE UNDER 500 1 3 c 2 2 3 10 3 7 7 9 b 3 12 1 500 - 1000 u 3 0 2 3 5 b 0 7 15 7 5 3 9 0 1000 - 5000 0 5 0 1 3 b o 0 LC 7 14 5 7 15 0 OVER 5000 0 0 0 1 0 1 4 0 b 2 2 1 0 0 0 0 0 0 1 0 1 3 0 c 0 U 0 0 0 0 0 0 0 0 0 0 1 0 4 2 2 1 u u 0 IN NEW YORK CITY OUTSIDE NEW YORK CITY 1/ INCLUDES CERTIFICATES IN DENOMINATION* OF $100,000 OR MORE ISSUED bY WEEKLY RcPORT1NG bANKS • 2/ TOTAL NOTE- ASSETS AS REPORTED IN THE CALL REPORT UF CONDITION ON JUNE 30 , 1975 • THE N0M6ER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TU THE txTtNT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SUKVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, KtOUCEU 1 HEIR OUTSTANDINGS TO ZERO. TAbLE 5E CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVEK THT MONTH AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF 1HE PERIOD 3D AUG 1978 10 27 SEP 1V 7b (NUMBER OF BANKS) TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) DECLINES OF 3* AND OVER 2 TO 3* 1 10 2% INCREASES OF It AND LESS ALL BANKS ISSUING CD'S 5 UNDER 500 1 500 - 1000 1 4 13 27 1000 - 5 0 0 0 <L 3 B 27 OVER 5000 1 0 1 IN NEW YORK CITY 1 U 0 OUTSIDE NEW YORK CITY U 0 1 10 3 3C NO CHANGE 79 6 1 TO 2* 2 Tu 3* 32 AND OVuR 64 29 7 8 22 8 3 3 1 13 4 0 2 2 23 14 2 C U 6 3 2 1 2 0 4 0 0 0 1 0 Z 3 2 1 ^ 4 it AND LESS 1 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 O N JUNE 3 0 , 197>. DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABIE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS. TABLE 5F CHANGE IN OUTSTANDING NEGOTIABLE TIME CERT1F1CATES OF DEPOSIT 1/ OVER THE LAST THREE MONTHS As A PER CcNT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 28 JUN 1976 TO 27 SEP 1976 (NUMBER OF dANKS) DECLINES OF TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS) 5% AND OVER 4 TO 3 TO 4% INCREASES OF 1 2 TO 3* It AND LESS TO 2X ALL BANKS ISSUING CD'S NO CHANGE 43 ONDEK 300 1 0 500 - 1000 0 1 1000 - 5000 0 OVER 5000 1% AND UNDER 1 TO 2% 2 TO 3% 47 43 4 TO TO 5% 4* 19 II 5% AND OVER 21 3 13 3 12 lz a 6 6 1 3 12 0 12 lb 3 7 o 2 3 3 14 0 17 12 10 6 9 1 1 0 u 4 0 3 1 0 u IN NEW YOKK CITY 1 1 0 O 3 0 0 0 0 0 OUTSIDE New YORK CITY 0 0 0 0 1 0 3 1 0 0 1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED DY 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 IABLE ARE TOTAL DtMANu AND TlMt DEPOSITS, INCLUDING INTERBANK A N D U.S. GOVERNMENT DEPOSITS. • # # # e # # # e • • TABLE 6A MATURITY DISTRIBUTION OF OUTSTANDING, NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL KESERVE DISTRICT AS Or 27 SEP 197 8 1 ! 1 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS isOSTON 3057.2 115.2 OCT 28491.3 NOV CD'S MATURING IN DALLAS SAN FKAN— CISCO 37.8 85.6 339.1 440.2 388.8 235.8 863.0 1806.4 6989.5 24 86.7 *00.8 140. 5 J31. 1 871.1 2683.1 442.6 1690.7 186.7 136.4 *37.9 9oo.l *360.0 247.7 283.2 1146.5 153.3 214.0 185.5 776.4 2548.2 229.2 350.7 16*.5 174.o 9*5.2 95.4 116.0 141.0 372.* 1036.2 1953.9 189.2 414.5 2 06.4 212.9 933.1 95.2 156.8 96.7 527.1 1474.3 50.9 289.2 91.3 117.6 79.U 65.9 497.1 25.7 44.6 41.5 196.9 JOB. 8 1190.6 41.7 207.7 31.9 82.7 64.5 61.0 191.4 22 .2 40.8 44.3 157.9 224.5 JON 1087.4 6*.5 224.1 64 .6 69.o 69.2 64.7 112.2 23.0 15.5 35.9 111.6 *34.3 JUL 993.6 26.1 172.2 27.9 51.6 36 .5 62.9 135.9 12.0 3.7 30.2 246.1 188.5 AUb 1003.8 17.1 257.8 62.4 62.3 51.1 59.1 139.1 12.7 15.4 31.5 126.5 168.8 SEP 600.3 16.3 183.3 18.6 30.8 12.8 32.5 143.7 10.9 7.6 24.8 47.* 71.8 4301.0 *48.7 1321.4 107.3 293.9 *8.3 118.7 820.7 *6.5 28.7 7*.5 *56 .b 977.b 3257.9 *730*.3 3539.9 5231.5 *837.4 319o.ti 14343.6 1277.5 1193.6 2221.5 PHlLADELPHIA CLEVELANO 863.9 72.7 1099.5 6107.8 1369b.5 592.7 DEC 12020.0 1979 JAN RICHMOND ATLANTA CHICAGO 221.1 129.3 163.4 564.6 24.3 1199.8 1393.9 878.1 972.0 4556.7 3998.6 606.U 796.5 504.1 485.3 406. 6 4108.2 394.8 74*.1 3*5.9 9794.6 261.2 *910.4 444.2 604.0 FEB 6459.3 150.5 2703.8 MAR 6409.0 148.9 APR 1806.5 MAY 1978 SEP 28—SEP 30 OCT OR LATER TOTAL * 90913.1 ST. L001S 52 FI ZT KANoAa CITY NtW YORK 6803 *4 19705.7 AVERAGE MATURITY IN MONTHS 2/ 3.1 3.1 3.0 2.9 3.3 2.8 3.1 3.1 2.9 3.5 2.8 3.4 3.0 NUMBER OF REPORTING BANKS 236 13 36 10 15 19 22 34 11 5 17 24 30 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE bY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX ti. * 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 SEP 197b 1 AMOUNTS IN MILLIONS OF DOLLARS) MlNNtAP0L1S KANSAS CITY DALLAS SAN FRANCISCO 180, 62.1 419.5 753.0 2527.1 712.7 43« 59.8 70.8 194.5 435.2 146.6 447.5 52, 16.9 71.7 233.9 b9o.2 32.5 25.3 101.8 29, 4.6 25.4 G6.2 141.4 47.6 15.1 15.1 77.5 28. 21.3 20.7 22.0 142.0 129.0 326.9 99.6 159.3 707.4 67, 56.0 37.4 319.3 1150.7 87.9 30.9 17.4 2.2 15.8 126.9 7, 0.2 5.6 19.1 7.9 16.4 6.4 20.7 1.1 4.4 10.9 3< 0.5 0.5 7.1 lo7 • 6 4.2 70.0 20.5 19.4 3.3 2.9 12.3 1 0.9 2.2 t.7 JUL 57.5 0.4 5.1 3.6 3.0 0.5 0.9 3.9 if. 0.7 *,1 33.5 1.1 AUG 177.7 1.9 61.0 25.1 14.9 8.0 11.5 *0.9 4, 0.0 1.8 6.4 21.7 SEP OR LATER 627.9 cl .0 194.5 39.7 35.5 16.6 49.2 101.1 10, 1.* 25.7 5* . 1 78.4 *44.6 bb3.6 1712.6 5203.2 1.9 2.7 2.5 CD'S MATURING IN ALL DISTRICTS tiOSTUN NEW YORK OCT 9719.4 417.9 NOV 272*.4 DtC PHILADELPHIA CLEVfcLAND 2674.4 422.9 390.0 268.4 317.3 1266.4 112.6 526.5 190.d 174.4 104.9 103.1 2970.8 13*.8 907.6 *5.6 146.3 124.4 1979 JAN 607.9 24.7 63.6 44.5 28.9 FEb 708.0 11.6 277.9 27.9 MAR 4950.8 122.4 1775.1 APR 361.7 7.0 MAY 81.5 JUN TOTAL * RICHMOND ATLANTA CHlCAGO 23199.2 873.4 6682.0 1026.9 1225.0 676.6 851.4 3589.3 2.8 2.3 3.0 2.9 3.3 2.5 3.1 2.8 AVERAGE MATURITY IN MONTHS 3/ 1/ SEE TECHNICAL APPENDIX ST. L0U1S 431 2.6 A. */ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100,UOO OK MORE BY WEEKLY REPORTING BANKS. 3/ SEE TECHNICAL APPENDIX b. * DtTAILS MAY NOT ADD TO TOTALS OUt TO ROUNDING. 2.6 61.0 0.2 46.2 • e e # e # # # 1ATILE 6C MATURITY DISTRIBUTION OF UUT STANDING NEGOTIAoLt TIMt CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS Oh il SfcP 1976 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN 1978 SfcP 28 -SfcP 3 0 ALL DISTRICTS bOSTUN 3. 4 3.5 NEW YURK PH1LADELPH1A CLtVE— LA NO RICHMONO ATLANTA 3.2 2.1 4.2 4.6 5. 1 SI. LOUIS M1NNEAP0L1S KANSAS CITY DALLAS SAN FRAN— CISCO 3.9 1.9 3.2 3.9 5.0 2.2 CHICAbU OCT jl.3 33.7 29.7 33.9 26.6 30.9 30.4 31 .o 30.4 19.8 38.8 26.6 35.5 NOV 15.1 Id.2 14.6 17.1 15.2 17.8 15 . * 17.3 15.7 11.8 14.9 14.8 13.6 DfcC 13.2 12.5 15.0 11.2 14.2 12.2 13.6 11.8 14 . o 11.4 10.7 14.t 12.0 1979 JAN 10.6 8.6 10.7 12.5 11.5 8.7 8.9 8.0 12.0 17.9 8.4 11.4 12.9 FfcB 7.1 4.6 9.9 6.5 to.7 5.8 5.5 6.5 7.5 9.7 6.3 5.5 5.3 MAR 7.0 4.6 7.2 5.3 7.9 7.3 6.7 6.5 7.5 13.1 4.4 7.7 7.5 APR 2.0 1.6 1.1 2.6 2.2 2.8 2.1 3.5 2.0 3.7 1.9 2.9 1.6 MAY 1.3 1.3 0.8 0.9 l.o 3.0 1.9 1.3 1.7 3.4 2.0 2.3 1.1 JON 1.2 1.9 0.8 1.8 1.3 2.4 2.0 o.e 1.8 1.3 1.6 1.6 1.2 JUL 1.1 0.8 0.6 0.8 1.0 1.3 2.0 0.9 0.9 0.3 1.4 3. to 1.0 AUb 1.1 0.5 0.9 1.8 1.2 1.6 1.8 1.0 1.0 1.3 1.4 1.9 0.9 SfcP 0.7 0.5 0.7 0.5 0.6 0.5 l.o 1.0 0.9 0.6 1.1 0.7 0.4 OCT OR LATER 4.7 7.6 4.8 3.0 5.6 1.0 3.7 5.7 2.1 2.4 3.3 3.6 5.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 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 DtPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT AS OF 27 SEP 1978 (CUMULATIVE PERCENTAGE) CD'S MATURING IN ALL DISTRICTS BOSTON 3.4 3.5 OCT 34.7 NOV MINNEAPOLIS KANSAS CITY uALLAS SAN FRANCISCO 3.2 3.9 5.0 2.2 32.3 23.0 42.7 31.6 37.7 53.0 48.0 34.8 57.6 44.4 51.3 o4.5 64.8 o2 .6 46 .2 6b.3 58.o 63.3 74.2 73.4 72.6 7*t .6 64.1 76.7 70.0 76.2 78.4 80.0 78.9 79.3 82.1 73.8 63.0 75.5 el.5 88 # 6 86. a 87.3 85.6 85.8 89.6 86.9 87.4 ti3.z: 89.0 91.4 91.2 88.5 90.1 o7 . 7 89.3 91.6 90.6 89.3 66. 1 90.6 88.6 92.2 92.1 90.1 93.1 89.6 90.6 93.3 94.0 91.3 o8 .4 91.7 92.4 90.5 93.0 93.9 91.4 95.5 91.6 91.4 95. 1 95.3 92.9 90.0 92.9 JUL 93.5 91 .3 93.6 94.7 92.4 96.8 93.6 9^.3 96.0 95.6 94.3 93.6 93.9 AUG 94.6 91.8 94.5 96.5 93.6 98.6 95.4 93.3 97.0 96.9 95.7 95.5 94.6 SEP 95.3 92.3 95.2 97.0 94.2 99.1 96.4 94.3 97.9 97.5 96.8 96.2 95.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 luu.O 100.0 lut>.u NEW YORK PHILADELPHIA CLEVELAND 3.2 2.1 4.2 4.6 5.1 3.9 37.2 32.9 36.0 30.8 35.5 35.5 35.7 49.8 55.4 47.5 5a.1 46. U 53.3 50.7 DEC 63.0 67.9 62.5 64.3 60.2 65.5 1979 JAN 73.8 76.5 73.2 76.8 71.7 FEB 80.9 81.1 83.1 83.3 MAR 87.9 85.7 90.3 APR 89.9 87.3 MAY 91.2 JUN 1978 SEP 28-SEP 30 OCT OR LATER RICHMOND ATLANTA CHICAGO ST. LUU1S 1 .9 1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS* TABLfc 6E 1/ 2/ SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PKEVIOUS MONlh WEEKLY REPORTING BANKS bY FEDERAL RESERVE DISTRICT AS OF 27 SEP 197 8 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON OCT 41.9 47.8 40.0 41.2 31.8 39.7 37.3 NOV II.b 12.9 7.9 18.6 14.2 lb.5 DEC 12.6 16.0 13.6 8.3 11.9 1979 JAN 2.6 2.8 1.3 4.3 FEb 3.1 1.3 4.2 MAR 21.3 14.0 APR 1.6 MAY DALLAS SAN FRANCISCO 61.4 44.0 46.6 24.5 10.4 11.4 8.4 12.1 6.9 10.5 13.7 11.5 2.8 6.7 1.9 3. 7 3.9 £ .7 1.6 2.2 6•o 6.7 3.0 1.3 2.7 14.7 16.7 19.7 15.7 22.9 5.5 18.6 22.1 !.«• 0.3 1.9 3.5 1.7 0.1 0.8 1.1 1.2 0.6 1.7 O.Z 0.5 0.3 O.o 0.2 0.1 0.4 0.0 1.0 2,0 1.6 0.5 0.3 0.3 0.2 0.4 0.3 0.3 0.9 0.0 0.1 0.4 0.2 0.1 0.1 0.1 0.6 0.3 0.3 2.0 0.0 0.8 0.2 0.9 2.4 1.2 1.2 1.4 0.6 1.0 0.0 0.3 0.4 0.4 2.7 2.6 2.9 3.9 2.9 2.5 5.8 2.8 2.5 0.5 3.d 3.0 1.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.U 100.0 100.0 NEW YORK PHILADELPHIA CLfcVfcLANli RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY 35.3 41.9 33.6 12.1 19.9 10.0 18.4 17.2 12.5 2.4 4.8 3.0 2.7 3.9 2.2 26.6 12.6 26.7 0.8 1.3 3.0 0.4 0.9 0.3 JUN 0.8 0.5 JUL 0.2 AUG SEP OR LATER TOTAL * 1/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF *100,000 OR MORE bY WEEKLY KcPUKTING 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 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 fromthe 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 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