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L.4.1 CONFIDENTIAL (FR) September 15, 1969. SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS AS OF J u l y 30, 1969. Banking S e c t i o n , D i v i s i o n of R e s e a r c h and S t a t i s t i c s , Board of Governors of t h e F e d e r a l R e s e r v e System. FEDERAL RESERVE BANK of KANSAS CITY SEP 1 9 1969 w fcmmrch Library — TABLE 1 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT WEEKLY REPORTING BANKS AS OF 3 0 JUL AMOUNT (MILLIONS OF DOLLARS) 1969 SALES SINCE PREVIOUS MONTH 2 / (MILLIONS OF DOLLARS) PERCENTAGE DISTRIBUTION CUMULATIVE PERCENTAGE 199.9 1.5 1.5 .0 AUGUST 3,020.8 22.3 23.8 715.2 SEPTEMBER 2,494.6 18.4 42.2 387.9 OCTOBER 1,956.8 14.5 56.7 487.8 NOVEMBER 1,124.5 8.3 65.0 69.7 DECEMBER 1,470.0 10.9 75.9 343.3 1,331.5 9.8 85.7 748.0 FEBRUARY 303.7 2.2 87.9 15.0 MARCH 269.3 2.0 89.9 10.6 APRIL 347.4 2.6 92.5 39.4 MAY 201.7 1.5 94.0 10.0 JUNE 197.1 1.5 95.5 31.1 JULY 257.4 1.9 97.4 236.1 OVER 12 MONTHS 364.0 2.7 100.0 XXX 13,538.5 100.0 XXX 3,094.1 CD'S MATURING IN 1 9 6 9 JULY 31 1 9 7 0 JANUARY TOTAL (MEMORANDUMS SEPTEMBER 1 0 SEPTEMBER 1 5 167.0 316.1 TAX AND DIVIDEND MATURITIES! 1.2 2.3 XXX XXX 1/ INCLUDES ONLY 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/ SEE TECHNICAL APPENDIX A. 3/ SALES OF C D ' S MATURING AFTER 1 1 MONTHS. 9.3 32.8 3/ TABLE 2 A 1/ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT NEW YORK C I T Y , CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 3 0 JUL 1969 ( I N MILLIONS OF DOLLARS) CD' S MATURING IN AMOUNT SALES SINCE PREVIOUS MONTH 2 / - - AMOUNT SALES SINCE PREVIOUS MONTH 2 / - AMOUNT SALES SINCE PREVIOUS MONTH 2 / 31 26.0 .0 7.0 .0 16 6 . 9 .0 AUGUST 660.0 177.1 191.8 37.0 2,169.0 501.1 SEPTEMBER 426.9 45.6 175.8 18.1 1,891.9 32$.2 OCTOBER 303.4 84.3 96.1 28.7 1,557.3 374.8 NOVEMBER 170.8 11.8 49.2 2.5 904 . 5 55.4 DECEMBER 259.0 47.7 51.0 8.4 1,160.0 287.2 175.1 80.7 64.0 38.9 1,092.4 62-8.4 FEBRUARY 52.6 2.1 20.2 .2 230.9 12.7 MARCH 46.2 1.1 25.9 .4 197.2 9.1 APRIL 89.5 9.4 15.9 .2 242.0 29 . 6 MAY 46.9 2.9 13.2 .2 141.6 6.9 JUNE 35.4 .7 26.7 1.4 135.0 29.0 JULY 57.0 64.2 36.1 21.8 OVER 12 MONTHS 39.4 XXX 8.1 2,388.2 527.6 781.0 1 9 6 9 JUL 1 9 7 0 JANUARY TOTAL * NUMBER OF REPORTING BANKS Z3 SEPTEMBER 10 SEPTEMBER 15 18.3 31.8 6.1 1/ INCLUDES ONLY CERTIFICATES IN DENOMINATION OF $ 1 0 0 , 0 0 0 2/ SEE TECHNICAL APPENDIX A. 3/ SALES OF C D ' S MATURING AFTER 1 1 MONTHS. TOTALS MAY NOT ADD DUE TO ROUNDING. 164.3 150.1/3 XXX 316*5 XXX 157.8 10,369.3 2,408 . 7 /3 243 11 12 (MEMORANDUM: * ALL OTHER WEEKLY REPORTING BANKS CHICAGO NEW YORK CITY TAX AND DIVIDEND MATURITIES) 17.0 18.0 .0 1.0 OR MORE ISSUED BY MEEKLY REPORTING BANKS. 131.7 216.3 7.9 25.7 1/ MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE 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 , CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS AS OF 30 JUL 1 9 6 9 AND 2 5 JUN 1 9 6 9 (PERCENTAGE D I S T R I B U T I O N ) NEW YORK CITY ALL OTHER CHICAGO C D ' S MATURING I N 30 JUL 2 5 JUN 30 JUL 2 5 J UN 3 0 JUL 2 5 JUN 1.1 7.4 .9 5.5 1.6 6.8 0 1 MONTHS 3 / 27.6 27.1 24.6 27.3 20.9 25.7 MONTHS 17.9 17.2 22.5 16.9 18.2 14.4 0 3 MONTHS 12.7 13.6 12.3 17.2 15.0 13.6 0 4 MONTHS 7.2 7.8 6.3 7.4 8.7 10.2 0 5 MONTHS 00 o TABLE 2 8 5.7 6.5 5.1 11.2 7.4 0 6 MONTHS 7.3 7.5 8.2 4.6 10.5 7.5 0 7 MONTHS 2.2 3.4 2.6 2.7 2.2 4.0 0 8 MONTHS 1.9 1.8 3.3 2.2 1.9 1.9 0 9 MONTHS 3.7 1.6 2.0 2.8 2.3 1.6 1 0 MONTHS 2.0 2.9 1.7 1.7 1.4 1.8 1 1 MONTHS 1.5 1.6 3.4 1.4 1.3 1.2 1 2 MONTHS 2.4 1.2 4.6 2.8 1.6 .9 1.6 1.1 1.0 2.4 3. 1 2.9 100.0 100.0 100.0 100.0 100.0 100.0 0-6 02 OVER DAYS 2 / ;12 TOTAL * MONTHS 1/ INCLUDES ONLY C E R T I F I C A T E S BANKS. IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING 2/ NUMBER OF DAYS REMAINING IN SURVEY MONTH. T H I S PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH. * TOTALS MAY NOT ADO DUE TO ROUNDING. TABLE 2C 1/ MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE 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 , CHICAGO, AS OF 3 0 AND ALL OTHER WEEKLY REPORTING BANKS JUL 1 9 6 9 AND 2 5 JUN 1969 (CUMULATIVE D I S T R I B U T I O N ) M S MA TURING NEW YORK CITY 30 0-6 CHICAGO ALL OTHER IN DAYS 2 / JUL 25 JUN 3 0 JUL 2 5 JUN 30 JUL 2 5 JU1 1.1 7.4 .9 5.5 1.6 6.8 01 MONTHS 3 / 28.7 34.5 25.5 32.8 22.5 32.5 02 MONTHS 46.6 51.7 48.0 49.7 40.7 46.9 03 MONTHS 59.3 65.3 60.3 66.9 55.7 60.5 04 MONTHS 66.5 73.1 66 . 6 74.3 64.4 70.7 05 MONTHS 77.3 78.8 73.1 79.4 75.6 78.1 06 MONTHS 84.6 86.3 81.3 84.0 86.1 85.6 07 MONTHS 86.8 89.7 83.9 86.7 88.3 89.6 08 MONTHS 88.7 91.5 87.2 88.9 90.2 91.5 09 MONTHS 92.4 93.1 89.2 91.7 92.5 93.1 1 0 MONTHS 94.4 96.0 90.9 93.4 93.9 94.9 11 MONTHS 95.9 97.6 94.3 94.8 95.2 96.1 12 MONTHS 98.3 98.8 98.9 97.6 96. 8 97.0 100.0 100.0 100.0 100.0 100.0 100.0 OVER 112 MONTHS 1/ INCLUDES ONLY C E R T I F I C A T E S BANKS. IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 2/ NUMBER OF DAYS REMAINING IN SURVEY MONTH. T H I S FOLLOWING THE LAST WEDNESDAY OF THE MONTH. 3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH. OR MORE ISSUED BY WEEKLY REPORTING PERIOD V A R I E S WITH THE NUMBER OF DAYS TABLE 3A MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT W E E K L Y R E P O R T I N G BANKS BY S I Z E O F B A N K S 2 / AS O F 3 0 J U L 1 9 6 9 (AMOUNTS IN M I L L I O N S OF D O L L A R S ) OF DEPOSIT $1 $2 0 0 CD'S MATURING IN TOTAL $200 MILLION AND U N D E R $500 $500 MILLION TO MILLION $1 1/ BILLION AND PRIME MILLION TO BILLION TOTAL NEW Y O R K CITY 1969 1970 OVER 3/ OUTSIDE NEW YORK CITY NON-PRIME 199.8 14.9 41.7 44.4 98.8 24.6 45.6 28.6 AUGUST 3,020.7 268.1 568.1 566.2 1,618.3 604.9 561.7 451.7 SEPTEMBER 2,494.7 219.6 462.9 522.7 1,289.5 393.8 516.1 379.6 OCTOBER 1,956.7 172.8 354.9 412.7 1,016.3 271.0 465.4 279.9 NOVEMBER 1.124.5 94.6 248.8 218.7 562.4 157.8 217.4 187.2 DECEMBER 1,470.0 116.9 252.8 316.4 783.9 227.3 301.6 255.0 JANUARY 1.331.6 131.8 225.9 293.0 680.9 161.4 275.7 243.8 FEBRUARY 303.7 12.5 51.2 58.3 181.7 42.3 97.8 41.6 MARCH 269.2 20.8 38.1 45.9 164.4 36.6 83.0 44.8 APRIL 347.3 20.5 47.7 76.2 202.9 77.9 79.6 45.4 MAY 201.6 13.5 31.0 39.1 118.0 45.6 51.5 20 .9 JUNE 197.0 12.5 36.3 27.2 121.0 29.4 58.6 33.0 JULY 257.4 11.2 19.2 53.9 173.1 50.6 76.7 45.8 363.8 4.0 33.4 58.9 267.5 37.1 189.1 41.3 13,538.0 1,113.7 2,412.0 2, 7 3 3 . 6 7,278.7 2 , 1 6 0 . 3 3,019.8 2,098.6 JUL 31 AUGUST OR LATER TOTAL * — (MEMORANDUM: TAX AND DIVIDEND MATURITIES) SEPTEMBER 10 167.0 11.4 23.3 35.9 96.4 15.2 54.6 26.6 SEPTEMBER 15 316.1 16.6 51.1 58.2 190.2 78.8 57.4 54.0 (MEMORANDUM: 266 1/ 2/ 3/ INCLUDES CERTIFICATES IN DENOMINATIONS 92 OF $100,000 NUMBER 85 OR MORE ISSUED OF BANKS) BY W E E K L Y REPORTING BANKS. T O T A L D E P O S I T S A S R E P O R T E D I N T H E C A L L R E P O R T O F C O N D I T I O N ON D E C E M B E R 3 1 , 1965. PR I M F B A N K S A R E T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G O F THE H I G H E S T FRASER R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . Digitized for http://fraser.stlouisfed.org/ * T O T A L S MAY N O T A D D D U E Federal Reserve Bank of St. Louis TO R O U N D I N G . 18 12 37 52 QUALITY AND WHICH ARE TABLE SALES 39 /1Z OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S AT W E E K L Y R E P O R T I N G BANKS BY S I Z E O F B A N K S 3 / AS O F 3 0 J U L 1 9 6 9 (AMOUNTS IN M I L L I O N S OF DOLLARS) MONTH SI *200 CD* S MATURING 1969 1970 JUL IN TOTAL $200 MILLION AND U N D E R MILLION TO MILLION $500 $500 $1 2/ BILLION AND PRIME MILLION TO BILLION OVER 4/ OUTSIDE NEW Y O R K CITY NON-PRIME NEW Y O R K CITY 10 2.0 TOTAL 31 AUGUST 715.3 68.5 113.6 155.3 377.9 169.5 106.4 SEPTEMBER 388.0 50.4 82.1 88.4 167.1 42.0 73.0 52.1 OCTOBER 487.8 68.2 77.7 102.3 239.6 76.8 88.6 74.2 NOVEMBER 69.8 5.7 18.8 16.3 29.0 11.8 7.1 10.1 DECEMBER 343.3 34.6 72.8 59.1 176.8 47.1 67.5 62.2 JANUARY 748.2 91.4 147.5 181.7 327.6 76.6 136.2 FEBRUARY 15.1 0.9 2.2 3.9 8.1 2.1 1.6 4.4 MARCH 10.7 2.2 1.2 3.1 4.2 1.1 0.9 2.2 APRIL 39.5 1.9 7.5 17.4 12.7 9.4 1.4 1.9 MAY 10.0 2.1 1.8 1.4 4.7 2.9 0.6 1.2 JUNE 31.2 3.7 9.0 7.1 11.4 0.7 5.4 5.3 236.0 11.0 17.4 49.1 158.5 57.7 65.9 34.9 3,094.9 340.6 55 1.6 685.1 1,517.6 497.7 554.6 465.3 JULY OR LATER TOTAL * I MEMORANDUM: TAX AND DIVIDEND 114.8 MATURITIES) SEPTEMBER 10 9.3 4 . 1 0 . 7 1.0 3.5 1.4 1.4 0.7 SEPTEMBER 15 32.9 4.8 8.0 4.3 15.8 5.2 3.5 7.1 — 92 266 2/ I N C L U D E ^ C E R T I F I C ATE S ^ I N * D E N O M I N A T I O N S T O T A L S MAY N O T ADD DUE * TO ROUNDING. CMEMORANDUM: OF $100,000 NUMBER 85 OR MORE OF BANKS) 52 ISSUED BY W E E K L Y 37 REPORTING BANKS. 12 18 TABLE MATURITY 3C D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E O F B A N K S 2 / AS O F 3 0 J U L 1 9 6 9 PERCENTAGE D I S T R I B U T I O N OF DEPOSIT $1 CD*S MATURING 1969 1970 $200 MILLION AND U N D E R TOTAL IN $200 MILLION TO MILLION $500 AND PRIME TOTAL NEW Y O R K CITY OVER 3/ OUTSIDE NEW Y O R K CITY NON-PRIME 1.3 1.7 1.6 1.4 1.1 1.5 1.4 22.3 24.1 23.6 20.7 22.2 28.0 18.6 21.5 AUGUST SEPTEMBER 18.4 19.7 19.2 19.1 17.7 18.2 17.1 18.1 14.5 15.5 14.7 15.1 14.0 12.5 15.4 13.3 OCTOBER 8.3 8.5 10.3 8.0 7.7 7.3 7.2 8.9 NOVEMBER 10.9 10.5 10.5 11.6 10.8 10.5 10.0 12.2 DECEMBER 9.8 11.8 9 . 4 10.7 9.4 7.5 9.1 11.6 JANUARY 2.2 1.1 2.1 2.1 2.5 2.0 3.2 2.0 FEBRUARY 2.0 1.9 1.6 1.7 2.3 1.7 2.7 2.1 MARCH 2.6 1.8 2.0 2.8 2.8 3.6 2.6 2.2 APRIL 1.5 1.2 1.3 1.4 1.6 2.1 1.7 MAY 1.0 1.5 1.1 1.5 1.0 1.7 1.4 1.9 1.6 JUNE 1.9 1.0 0.8 2.0 2.4 2.3 2.5 JULY 2.2 2.7 0.4 1.4 2.2 3.7 1.7 6.3 2.0 100.0 100.0 100.0 100.0 100.0 100.0 31 OR LATER TOTAL * SEPTEMBER 10 1.2 SEPTEMBER 15 2.3 INCLUDES CERTIFICATES 0 S TOTALS l M AY NOT IN " ADD DUE TO DENOMINATIONS U ROUNDING. 100.0 100.0 C MEMORANDUM: * $1 MILLION TO BILLION BILLION 1.5 JUL AUGUST „ $500 1/ TAX AND D I V I D E N D MATURITIES) 1.0 1.0 1-3 1*3 0.7 1.8 1.3 1.5 2.1 2.1 2.6 3.6 1.9 2.6 CF T ,100.000 V OR MOM ISSUED * «» m WEKLY REPORTING w BANKS. , c " ™ FA3LE 3D MATURITY D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S AT W E E K L Y R E P O R T I N G BANKS BY S I Z E O F B A N K S 2 / AS O F 3 0 J U L 1 9 6 9 CUMULATIVE PERCENTAGE OF DEPOSIT $1 CD*S MATURING IN 1969 1970 JUL TOTAL 31 (200 MILLION AND U N D E R $200 $500 MILLION TO MILLION $500 $ 1 MILLION TO BILLION 1/ BILLION - AND PRIME TOTAL OVER 3/ NEW Y O R K CITY OUTSIDE NEW Y O R K CITY NON-PRIME 1.5 1.3 1.7 1.6 1.4 1.1 1.5 1.4 AUGUST 23.8 25.4 25.3 22.3 23.6 29.1 20.1 22.9 SEPTEMBER 42.2 45.1 44.5 41.4 41.3 47.3 37.2 41.0 OCTOBER 56.7 60.6 59.2 56.5 55.3 59.8 52.6 54.3 NOVEMBER 65.0 69.1 69.5 64.5 63.0 67.1 59.8 63.2 DECEMBER 75.9 79.6 80.0 76.1 73.8 77.6 69.8 75.4 JANUARY 85.7 91.4 89.4 86.8 83.2 85.1 78.9 87.0 FEBRUARY 87.9 92.5 91.5 88.9 85.7 87.1 82.1 89.0 MARCH 89.9 94.4 9 3 . 1 90.6 88.0 88.8 84.8 9 1 . 1 APRIL 92.5 96.2 95.1 93.4 90.8 92.4 87.4 93.3 MAY 94.0 97.4 9 6 . 4 94.8 92.4 94.5 89.1 9 4 . 3 JUNE 95.5 98.5 97.9 95.8 94.1 95.9 91.0 95.9 JULY 97.4 99.5 98.7 97.8 96.5 98.2 93.5 9 8 . 1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 AUGUST OR LATER 1/ INCLUDES 2/ 3/ T O T A L D E P O S I T S A S R E P O R T E D I N THE C A L L R E P O R T O F C O N D I T I O N ON D E C E M B E R 3 1 , 1965. P R I M E B A N K S A R E T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N T H E S E C O N D A R Y M A R K E T . CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY R E P O R T I N G BANKS. QUALITY AND WHICH ARE TABLE SALES / I / 3F OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH 2 / AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 3 / AS OF 3 0 JUL 1 9 6 9 PERCENTAGE DISTRIBUTION $1 B I L L I O N AND OVER C D ' S MATURING 1 9 6 9 JUL 1970 IN TOTAL $200 MILLION AND UNDER MILLION TO $ 5 0 0 MILLION $ 5 0 0 MILLION TO $ 1 BILLION 20.6 22.7 14.9 $200 PRIME 4 / OUTSIDE NEW YORK CITY NON-PRIME NEW YORK CITY 24.9 34.1 19.2 21.9 12.9 11.0 8.4 13.2 11.2 TOTAL 31 20.1 23.1 SEPTEMBER 12.5 OCTOBER 15.8 20.0 14.1 14.9 15.8 15.4 16.0 15.9 NOVEMBER 2.3 1.7 3.4 2.4 1.9 2.4 1.3 2.2 DECEMBER 11.1 10.2 13.2 8.6 11.6 9.5 12.2 13.4 JANUARY 24.2 26.8 26.7 26.5 21.6 15.4 24.6 24.7 FEBRUARY 0.5 0.3 0.4 0.6 0.5 0.4 0.3 0.9 MARCH 0.3 0.6 0.2 0.5 0.3 0.2 0.2 0.5 APRIL 1.3 0.6 1.4 2.5 0.8 1.9 0.3 0.4 MAY 0.3 0.6 0.3 0.2 0.3 0.6 0.1 0.3 JUNE 1.0 1.1 1.6 1.0 0.8 0.1 1.0 1.1 JULY OR LATER 7.6 3.2 3.2 7.2 10.4 11.6 11.9 7.5 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL * 100.0 7 00 AUGUST 100.0 (MEMORANDUM: TAX AND DIVIDEND MATURITIES) SEPTEMBER 10 0.3 1.2 0.1 0.1 0.2 0.3 0.3 0.2 SEPTEMBER 15 1.1 1.4 1.5 0.6 1.0 1.0 0.6 1.5 (MEMORANDUM: 266 1/ 2/ SEE TECHNICAL APPENDIX A . INCLUDES C E R T I F I C A T E S IN DENOMINATIONS OF 92 $100,000 NUMBER OF BANKS) 85 52 37 12 OR MORE ISSUED BY WEEKLY REPORTING BANKS. X l i i 5 1 ^ ° * S e w i ^ E C ^ T T F I C ^ H ^ E P O S ^ A R ^ E ^ ' E D ^ ^ E I N G OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 B A S I S POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. * TOTALS MAY NOT ADD DUE TO ROUNDING. 18 TABLE AVERAGE 4A MATURITY OF OUTSTANDING NEGOTIABLE AT WEEKLY AT TIME REPORTING VARIOUS (IN CERTIFICATES SURVEY OF DEPOSIT 1Z BANKS DATES MONTHS) DATE OF SURVEY BANK C L A S S I F I C A T I O N 30 JUL 1969 25-JUN 1969 28 MAY 1969 1 BY L O C A T I O N I ALL REPORTING ISSUING BANKS 3.5 3.2 3.2 3.3 3.1 2.9 CHICAGO 3.5 3.2 2.9 OTHER 3 . 5 3.3 3.3 NEW CD'S YORK C I T Y CBY UIOER $200 $200-8500 MILLION MILLION $500-$!,000 OVER SI MILLION BILLION PRIME IN NEW YORK PRIME OUTSIDE CITY NEW Y O R K 3/ CITY 3/ NON-PRIME 1/ INCLUDES 2/ TOTAL CERTIFICATES DEPOSITS AS IN DENOMINATIONS REPORTED IN THE CALL OF $100,000 REPORT OF OR SIZE OF BANK I 2/ 3.0 2.8 2.8 3.1 3.0 3.1 3.4 3.1 3.2 3.7 3.4 3.3 3.3 3.0 2.8 4.1 3.8 3.7 3.5 3.2 3.2 MORE CONDITION ISSUED ON BY W E E K L Y DECEMBER 31, REPORTING BANKS. 1965. 3/ P R I M E B A N K S A R E T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S O F D E P O S I T A R E R E G A R D E D A S B E I N G O F THE H I G H E S T Q U A L I T Y AND W H I C H ARE R E P O R T E D B Y D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T . TABLE 4 8 AVERAGE MATURITY OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T 1/ SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS ( I N MONTHS) DATE OF SURVEY BANK C L A S S I F I C A T I O N 30 JUL 1969 25-JUN 2 8 MAY 1 9 6 9 1969 I BY LOCATION) ALL REPORTING BANKS 3,8 3.7 3.5 NEW YORK C I T Y 3.7 3.6 3.5 CHICAGO 4.1 4.8 3.6 OTHER 3.8 3.6 3.5 ISSUING CD'S (BY S I Z E OF BANK) UNDER $ 2 0 0 $200-$500 MILLION MILLION $500-$!,000 OVER MILLION $1 BILLION PRIME I N NEW YORK C I T Y 3 / PRIME O U T S I D E NEW YORK C I T Y 3/ NON-PRIME 1/ INCLUDES C E R T I F I C A T E S 2/ TOTAL I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 D E P O S I T S AS REPORTED I N THE CALL REPORT N O T E — S E E TECHNICAL A P P E N D I X B . 2/ 3.5 3.6 3.2 3.6 3.8 3.5 3.9 3.3 3.6 3.9 3.9 3.5 3.7 3.4 3.6 4.2 4.5 3.7 3.9 3.5 3.2 OR MORE ISSUED BY WEEKLY REPORTING BANKS. CF CONDITION ON DECEMBER 3 1 , 1965. TABLE OF RATIO OUTSTANDING NEGOTIABLE TO AT TIME TOTAL VARIOUS (PER 5A CERTIFICATES TOTAL D E P O S I T S 2 / M I L L I O N S OF D O L L A R S ) ALL BANKS 30 JUL SURVEY DATES CENT) 1969 25 OF JUN SURVEY 1969 28 MAY 1969 ISSUING 6.4 7.1 7.8 UNDER 200 7.1 7.6 7.8 200 - 500 7.6 8.2 8.5 500 - 1000 6.9 7.8 8.5 5.8 6.5 7.5 4.6 5.2 6.5 5.7 6.4 7.0 8.0 9.0 10.3 1000 PRIME IN NEW Y O R K PRIME OUTSIDE 3/ NEW YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL 3/ PRIME BANKS WHICH ARE 1/ CD'S OVER NOTE- DEPOSIT DEPOSITS DATE (IN OF CERTIFICATES DEPOSITS AS ARE INTERBANK IN THOSE THE AND DENOMINATIONS REPORTED REPORTED DEPOSITS IN BY WHOSE IN CALL NEGOTIABLE DEALERS DENOMINATOR U.S. THE TO OF GOVERNMENT TRADE THE OF $100,000 REPORT OF OR MORE CONDITION CERTIFICATES WITHIN RATIO DEPOSITS. IN 1 OR THIS OF 2 ISSUED ON DEPOSIT BASIS TABLE WEEKLY R E P O R T I N G DECEMBER ARE POINTS ARE BY 31, REGARDED OF TOTAL 1965. AS EACH OTHER DEMAND BANKS. AND BEING OF WITHIN TIME THE THE HIGHEST SECONDARY DEPOSITS, QUALITY MARKET. INCLUDING AND TABLE RATIO OF OUTSTANDING NEGOTIABLE (IN ALL DEPOSITS MILLIONS BANKS OF 2/ 5% OR LESS DOLLARS! TIME CERTIFICATES TO TOTAL DEPOSITS AS OF JUL 30 (NUMBER TOTAL 5B 5 TO 10% OF OF DEPOSIT 1/ 1969 BANKS) 15 TO 20% 10 TO 15% 20 TO 25% AVERAGE CD TO D E P O S I T RATIO (PER CENT) 25% OR MORE ISSUING CD'S 112 85 39 22 7 1 6.4 UNDER 200 45 23 12 10 1 1 7.1 200 - 500 32 30 11 7 5 0 7.6 500 - 1000 22 16 10 3 1 0 6.9 13 16 6 2 0 0 5.8 5 2 0 0 0 0 4.6 2 8 1 1 0 0 5.7 6 6 5 1 0 0 8.0 OVER 1000 NEW YORK PRIME IN PRIME OUTSIDE NEW 3/ YORK 3 / NONPRIME 1/ INCLUDES 2/ TOTAL 3/ PRIME BANKS WHICH ARE NOTE- CERTIFICATES DEPOSITS AS ARE INTERBANK IN THOSE THE AND DENOMINATIONS REPORTED REPORTED DEPOSITS IN BY WHOSE IN CALL NEGOTIABLE DEALERS DENOMINATOR U.S. THE TO OF GOVERNMENT TRADE THE OF $100,000 REPORT OF OR M O R E CONDITION CERTIFICATES WITHIN RATIO DEPOSITS. IN 1 OR THIS OF 2 ISSUED ON DEPOSIT BASIS TABLE WEEKLY DECEMBER ARE POINTS ARE BY 31, REGARDED OF TOTAL REPORTING 1965. AS EACH OTHER DEMAND BANKS. AND BEING OF WITHIN TIME THE THE HIGHEST SECONDARY DEPOSITS, QUALITY MARKET. INCLUDING AND TABLE 5C PER CENT CHANGE IN OUTSTANDING 25 JLIN NEGOTIABLE 1969 TO (NUMBER TOTAL L IN ALL DEPOSITS MILLIONS BANKS OF 2 / REDUCED C D ' S TO ZERO DOLLARS) — 30 OF DECLINES OF — — — 1 0 % OR 5 TO MORE 10% TIME JUL CERTIFICATE OF DEPOSIT Z1 INCREASES — — — 5% O R 5 TO LESS 10% OF 1969 BANKS) ——•— 5% O R LESS NO CHANGE 1 0 X OR MORE I S S U E D C D ' S BUT H A D NONE O U T S T A N D I N G ON B A S E D A T E ISSUING CD'S 1 112 50 41 12 16 6 26 3 UNDER 200 1 27 13 17 6 10 2 15 2 200 - 500 0 32 18 15 4 1 4 11 0 500 - 1000 0 30 12 4 2 3 0 0 1 0 23 7 5 0 2 0 0 0 0 5 0 2 0 0 0 0 0 0 9 1 2 0 0 0 0 0 0 9 6 1 0 2 0 0 0 $100,000 OR MORE OVER 1000 PRIME IN NEW Y O R K PRIME OUTSIDE 3 / NEW Y O R K 3 / NONPRIME 1/ INCLUDES 2/ TOTAL 3/ PRIME BANKS WHICH ARE NOTE- CERTIFICATES DEPOSITS AS ARE THOSE THE NUMBER HAD OUTSTANDING DENOMINATIONS REPORTED REPORTED OF IN BY IN WHOSE CD'S IN ON CALL NEGOTIABLE DEALERS BANKS THE THIS THE TO TRADE TABLE LAST OF REPORT OF CONDITION CERTIFICATES WITHIN DIFFERS SURVEY 1 OR FROM OF 2 ISSUED ON DECEMBER DEPOSIT BASIS THOSE REDUCED T H E I R IN BY W E E K L Y ARE POINTS MOST 31, REPORTING 1965. REGARDED OF OTHER OUTSTANDINGS AS BEING EACH OTHER TABLES TO BANKS. ZERO TO ON OF WITHIN THE THE THE EXTENT THIS HIGHEST QUALITY SECONDARY THAT SURVEY. BANKS MARKET. THAT AND TABLE PER CENT CHANGE 50 I N OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E OF D E P O S I T / I 30 APR 1 9 6 9 TO 3 0 JUL 1969 (NUMBER OF BANKS) TOTAL (IN DEPOSITS /2 M I L L I O N S OF DOLLARS) ALL BANKS CO' S ISSUING REDU— DECLINES C D ' S 25% TO OR ZERO MORE 20 TO 25% 15 TO 20% INCREASE OF OF 10 TO 15% 5 TO 10% 5% OR LESS NO CHANGE 5% OR LESS 5 TO 10% 10 20 15 TO 20% TO 15% 25% OR MORE TO 25% ISSUED C D ' S BUT HAD NONE OUTSTANDING ON BASE DATE 1 69 26 27 26 25 14 8 12 10 4 5 4 31 5 UNDER 2 0 0 1 13 8 10 5 6 9 4 4 4 3 2 1 20 3 200 - 500 0 17 4 7 11 13 5 2 4 4 1 2 3 11 1 500 - 1000 0 22 7 3 7 3 0 2 4 2 0 1 0 0 1 0 17 7 7 3 3 0 0 0 0 0 0 0 0 0 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 P R I M E O U T S I D E NEW YORK 3 / 0 5 3 1 3 0 0 0 0 0 0 0 0 0 0 NONPRIME 0 6 3 6 0 3 0 0 0 0 0 0 0 0 0 OVER 1000 PRIME IN NEW YORK 3 / 1/ INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 2/ TOTAL D E P O S I T S AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , NOTE- OR MORE ISSUED BY WEEKLY REPORTING BANKS. 1965. THE NUMBER OF BANKS I N T H I S TABLE D I F F E R S FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO Z E R O . TABLE CHANGE IN OUTSTANDING OVER THE NEGOTIABLE MONTH AT AS THE 25 A PER (IN ALL DEPOSITS JUN 1969 MILLIONS BANKS CD'S OF 3% AND OVER DOLLARS) TO OF 30 OF OF THE JUL TOTAL OF DEPOSIT 1/ DEPOSITS PERIOD 1969 BANKS) OF INCREASES 1 TO 2 TO 3% CENT CERTIFICATES OF DECLINES 2/ TIME BEGINNING (NUMBER TOTAL 5E NO CHANGE 1% ANO LESS 2% ISSUING 3% AND OVER 2 1 TO 1% AND LESS TO 3% 2% 12 17 51 124 12 33 11 1 2 UNDER 200 4 4 14 35 6 17 7 1 2 200 - 500 3 8 13 41 4 12 4 0 0 500 - 1000 2 3 17 25 2 2 0 0 0 3 2 7 23 0 2 0 0 0 0 0 2 5 0 0 0 0 0 1 0 3 8 0 0 0 0 0 2 2 2 10 0 2 0 0 0 OVER 1000 PRIME IN NEW YORK PRIME OUTSIDE 3 / NEW YORK 3/ NONPRIME 1/ INCLUDES 2/ TOTAL 3/ PRIME BANKS WHICH ARE NOTE- CERTIFICATES DEPOSITS AS ARE INTERBANK IN THOSE THE AND DENOMINATIONS REPORTED REPORTED DEPOSITS IN BY WHOSE IN CALL NEGOTIABLE DEALERS DENOMINATOR U.S. THE TO OF GOVERNMENT TRADE THE OF $100,000 REPORT OF OR CONDITION CERTIFICATES WITHIN RATIO DEPOSITS. IN 1 MORE OR THIS OF 2 ISSUED ON DEPOSIT BASIS TABLE WEEKLY DECEMBER ARE POINTS ARE BY 31, REGARDED OF TOTAL REPORTING 1965. AS EACH OTHER DEMAND BANKS. AND BEING OF WITHIN TIME THE THE HIGHEST SECONDARY DEPOSITS, QUALITY MARKET. INCLUOING AND TABLE 5 F CHANGE I N OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T 1 / OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL D E P O S I T S AT THE BEGINNING OF THE PERIOD 30 APR 1 9 6 9 TO 3 0 JUL 1969 (NUMBER OF BANKS) TOTAL D E P O S I T S (IN 5% AND . OVER M I L L I O N S OF DOLLARS) ALL BANKS CD'S I N C R E A S E S OF D E C L I N E S OF 2/ 2 TO 3% 3 TO 4% 4 TO 5% ISSUING 1% AND LESS 1 TO 2% NO CHANGE IX AND UNDER 5% AND OVER 4 TO 5% 3 TO 4% 2 TO 3% 1 TO 2% 9 11 21 29 48 68 8 39 13 8 4 1 2 UNDER 2 0 0 1 1 6 6 13 23 4 17 8 5 3 1 1 200 - 500 4 2 4 7 12 28 2 15 5 3 1 0 1 500 - 1000 1 3 8 9 11 10 2 7 0 0 0 0 0 3 5 3 7 12 7 0 0 0 0 0 0 0 0 0 2 3 2 0 0 0 0 0 0 0 0 P R I M E O U T S I D E NEW YORK 3 / 1 3 0 1 4 3 0 0 0 0 0 0 0 NONPRIME 2 2 1 3 6 4 0 0 0 0 0 0 0 OVER 1000 PRIME IN NEW YORK 3 / 1/ INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 2/ TOTAL D E P O S I T S AS REPORTED I N THE CALL REPORT OF CONDITION ON DECEMBER 3 1 , 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT ARE REGARDED AS B E I N G OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 B A S I S P O I N T S OF EACH OTHER WITHIN THE SECONDARY MARKET. NOTE- DEPOSITS IN THE DENOMINATOR OF THE R A T I O INTERBANK AND U . S . GOVERNMENT D E P O S I T S . OR MORE ISSUED BY WEEKLY REPORTING BANKS. 1965. IN T H I S TABLE ARE TOTAL DEMAND AND TIME D E P O S I T S , INCLUDING TABLE 6A MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T 1 / AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 JUL (AMOUNTS CD'S MATURING IN ALL DISTRICTS NEW YORK PHI LA— DELPHI A IN M I L L I O N S OF DOLLARS) CHI- CLEVELAND RICHMONO ATLANTA C __ ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 200.1 37.1 9.0 11.5 5.6 14.0 20.1 1.9 1.6 13.3 26.8 55.1 4.1 963.6 70.8 210.3 69.9 109.7 373.1 56.7 119.9 610.2 157.2 243.2 3020.9 36.3 AUG 672.6 71.5 150.3 105.3 105.2 326.8 73.7 78.1 507 .9 170.4 204.5 2494.7 28.4 SEP 458.0 45.9 114. 85.7 95.2 235.0 27.9 77.3 478.9 127.7 157.1 1956.9 53.6 OCT 276.5 35.6 77. 9 34.9 76.3 146.3 11.6 44.5 228.9 65.6 82.2 1124.5 44.2 NOV 31.8 88. 7 47.2 65.5 165.9 20.6 44.3 310.2 113.0 385.9 142.5 1470.0 54.4 DEC 268.1 34.0 96* 9 33.3 70.6 156.3 13.2 228.0 316.5 44.4 37.9 1331.5 32.3 JAN 65.8 11.8 28.0 11.5 14.9 41.1 2.3 17.2 85.6 12.7 6.3 303.5 6.3 FEB 12.8 7.3 19.6 6.5 6.2 44.0 0.7 35.8 65.1 59.0 7.6 269.2 4.6 MAR 114.9 7.5 35.6 7.2 9.0 35.5 0.6 8.1 69.3 9.5 21.7 347.2 28.3 APR 10.9 11.6 3.5 7.1 24.4 0.4 45.9 54.7 25.9 5.7 4.5 201.7 7.1 MAY 11.0 8.1 16.9 3.3 7.3 47.9 0.9 9.9 38.9 46.1 4.9 197.1 1.9 J UN 68.2 14.4 28.8 3.6 4.2 4.9 0.7 30.8 46.4 7.6 5.0 257.3 42.7 JUL 11.6 10.1 172.7 8.6 7.9 30.8 7.1 0.2 52.6 46.1 13.9 363.9 2.3 AUG OR LATER 3516.6 368.7 1063.4 426.1 593.1 1689.9 372.2 152.3 1239.5 2911.5 753.3 451.9 13538.5 AVERAGE MATURITY IN MONTHS 2 / 3.7 4.9 3.1 3.2 3.5 3.6 3.1 2.8 3.4 3.0 3.1 3.6 3.4 NUMBER OF REPORTING BANKS 10 19 16 23 37 11 33 49 25 17 21 266 1969 JUL 1970 TOTAL 31 * w INCLUDES ONLY C E R T I F . M T E S 2/ SEE TECHNICAL APPENDIX B . * BOSTON 1969 ISSUED . * DENOM,NAT IONS OF . 1 0 0 , 0 0 0 D E T A I L S MAY NOT ADO TO TOTALS DOE TO ROUNDING. Oft MOftE BY WEEKLY REPORTING M N K S . TABLE 6 6 1/ 2/ SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 JUL (AMOUNTS CD'S MATURING ALL 01STRICTS IN BOSTON NEW YORK PHILADELPHIA SINCE PREVIOUS MONTH 1969 IN MILLIONS OF DOLLARS) CLEVELAND RICHMONO ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 715-3 36.6 274.3 10.9 26.0 17.3 34.2 66.0 7.4 4.5 16.0 67.2 154.9 AUG 3 8 8 *0 28.7 87.2 7.4 16.4 14.8 22.9 36.6 9.9 0.8 13.1 40.9 109.3 SEP 487.6 22.5 140.1 11.0 22.8 28.8 21.0 58.0 14.0 7.9 16.9 39.7 104.9 OCT 69.7 6.7 20.7 0.3 2.6 0.5 9.1 5.2 2.0 0.0 7.1 1.1 14.4 NOV 343.4 10.1 71.3 7.2 13.8 14.5 21.0 24.0 6.6 3.5 15.7 49.9 105.8 DEC 748V) 13.6 125.7 9.0 43.4 26.2 40.5 96.1 16.2 9.2 27.5 163.9 176.7 1 9 7 0 JAN 14.8 1.4 2.6 0.2 0.3 0.3 0.3 0.9 0.5 0.0 0.7 1.8 5.8 FEB 10.4 0.3 2.9 0.1 0.0 0.7 0.4 0.0 0.3 0.2 1.3 2.0 2.2 MAR 39.4 0.6 10.2 0.2 0.7 0.5 3.1 2.2 15.1 0.3 1.5 0.2 4.8 APR 10.1 0.4 3.6 0.0 0.1 0.4 1.6 0.2 0.1 0.0 2.0 0.6 1.1 MAY 1.2 1.9 2.2 1.3 1.4 1.8 6.9 0.5 2.9 2.2 8.0 31.1 0.8 J UN 3.3 71.9 12.5 16.8 3.0 4.2 26.8 3.8 0.7 4.9 30.4 57.9 236.2 125.4 812.4 61.0 144.2 108.4 160.1 322.9 76.4 27.9 109.6 399.9 745.8 3C94.0 2.6 3.3 4.9 4.3 3.5 3.5 4.0 4.7 3.9 4.1 4.3 3.8 3.8 1969 JUL OR LATER TOTAL * AVERAGE MATURITY IN MONTHS 3 / 1/ SEE 2/ INCLUDES ONLY C E R T I F I C A T E S 3/ SEE TECHNICAL APPENDIX B . * TECHNICAL APPENDIX A. I S S U E D I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 D E T A I L S MAY NOT ADD TO TOTALS DUE TO ROUNDING. ' OR MORE BY WEEKLY REPORTING BANKS. TABLE 6C MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T 1 / AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 JUL 1969 (PERCENTAGE D I S T R I B U T I O N ) ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1.2 0.5 1.1 2.9 2.2 1.9 18.5 22.1 15.2 23.8 26.5 19.6 21.0 24.7 17.7 19.3 19.8 18.6 17.3 16.5 17.4 10.8 20.1 16.1 13.9 14.4 18.3 17.1 12.7 16.4 9.7 7.3 8.2 12.9 8.7 11.9 7.6 9.8 6.6 7.9 11.0 8.6 8.3 11.1 11.0 9.8 14.6 13.5 9.8 11.5 10.7 5.9 7.6 9.2 9.0 7.8 11.9 9.2 8.7 8.7 8.4 18.4 10.9 2.2 1.7 1.9 3.2 2.6 2.7 2.5 2.4 1.7 1.5 1.4 1.4 2.9 MAR 2.0 1.7 1.7 2.0 1.8 1.5 1.0 2.6 1.2 0.5 1.7 2.9 2.2 APR 2.6 1.3 3.3 2.0 3.4 1.7 1.5 2.1 7.6 0.4 1.8 1.8 2.4 MAY 1.5 0.8 1.6 3.0 1.1 0.8 1.2 1.4 1.9 0.3 1.0 2.1 1.6 J UN 1.5 1.5 1.3 2.2 1.6 0.8 1.2 2.8 0.5 0.6 1.1 0.8 1.3 JUL 1.9 1.0 1.9 3.9 2.7 0.8 0.7 2.5 1.3 0.5 1.1 2.5 1.6 AUG OR LATER 2.7 1.5 1.3 2.7 16.3 2.0 1.3 1.8 0.6 4.7 0.0 1.1 1.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 C D 1 S MATUR ING ALL DISTRICTS BOSTON 1.5 0.5 AUG 22.3 SEP IN PHILADELPHIA CLEVELAND RICHMOND ATLANTA 1.1 2.4 1.1 1.3 2.4 20.9 27.4 19.2 19.8 16.4 18.4 22.6 19.1 19.4 14.1 OCT 14.5 17.0 13.0 12.4 NOV 8.3 8.7 7.9 DEC 10.9 15.0 1 9 7 0 JAN 9.8 FEB 1969 JUL 31 TOTAL * 1/ INCLUDES ONLY C E R T I F I C A T E S ISSUED NEW YORK I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 CHICAGO OR MORE BY WEEKLY REPORTING BANKS. TABLE 6D MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T I f AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 JUL 1969 (CUMULATIVE PERCENTAGE) CO 1 s MATURING 01 s - NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLI S KANSAS CITY DALLAS SAN FRANCISCO BOSTON 1.5 0.5 1.1 2.4 1.1 1.3 2.4 1.2 0.5 1.1 2.9 2.2 1.9 AUG 23.8 21.4 28.5 21.6 20.9 17.7 20.9 23.3 15.7 24.9 29.4 21.8 22.9 SEP 42.2 44.0 47.6 41.0 35.0 42.4 38.6 42.6 35.5 43.5 46.7 38.3 40.3 OCT 56.7 61.0 60.6 53.4 45.8 62.5 54.7 56.5 49.9 61. 8 63.8 51.0 56.7 NOV 65.0 69.7 68.5 63.1 53.1 70.7 67.6 65.2 61.8 69.4 73.6 57.6 64.6 OEC 75.9 84.7 79.5 71.7 61.4 81.8 78.6 75.0 76.4 82.9 83.4 69.1 75.3 JAN 85.7 90.6 87,1 80.9 70.4 89.6 90.5 84.2 85.1 91.6 91.8 87.5 86.2 FEB 87.9 92.3 89.0 84.1 73.0 92.3 93.0 86.6 86. 8 93. 1 93.2 88.9 89.1 MAR 89.9 94.0 90.7 86.1 74.8 93.8 94.0 89.2 88.0 93.6 94.9 91.8 91.3 APR 92.5 95.3 94.0 88.1 78.2 95.5 95.5 91.3 95.6 94.0 96.7 93.6 93.7 MAY 94.0 96.1 95.6 91.1 79.3 96.3 96.7 92.7 97.5 94.3 97.7 95.7 95.3 JUN 95.5 97.6 96.9 93.3 80.9 97.1 97.9 95.5 98.0 94.9 98.8 96.5 96.6 JUL 97.4 98.6 98.8 97.2 83.6 97.9 98.6 98.0 99.3 95.4 99.9 99.0 98.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 31 AUG OR LATER 1/ ALL TRICTS 1 9 6 9 JUL 1970 IN INCLUDES ONLY C E R T I F I C A T E S I S S U E D I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY WEEKLY REPORTING BANKS. TABLE 6E 1/ 2/ SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS BY FEDERAL RESERVE D I S T R I C T AS OF 3 0 JUL 1969 (PERCENTAGE D I S T R I B U T I O N ) C D ' S MATURING IN ALL DI S TRICTS BOSTON AUG 23.1 29.2 SEP 12.5 OCT ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 20.4 9.7 16.1 14.6 16.8 20.8 14.3 11.3 13.0 2.9 12.0 10.2 14.7 26.6 13.1 18.0 18.3 28.3 15.4 9.9 14.1 1.7 0.5 5.7 1.6 2.6 0.0 6.5 0.3 1.9 11.8 9.6 13.4 13.1 7.4 8.6 12.5 14.3 12.5 14.2 15.5 14.8 29.9 24.2 25.3 29.8 21.2 33.0 25.1 41.0 23.7 1.1 0.3 0.3 0.2 0.3 0.2 0.3 0.7 0.0 0.6 0.5 0.8 0.3 0.2 0.4 0.2 0.0 0.6 0.2 0.0 0.4 0.7 1.2 0.5 0.3 APR 1.3 0.5 1.3 0.3 0.5 0.5 1.9 0.7 19.8 1.1 1.4 0.1 0.6 MAY 0.3 0.3 0.4 0.0 0.1 0.4 1.0 0.1 0.1 0.0 1.8 0.2 0.1 J UN 1.0 1.0 0.2 3.6 0.9 1.3 1.1 2.1 0.7 2.9 2.6 0.6 1.1 7.6 2.6 8.9 20.5 11.9 2.8 2.6 8.3 5.0 2.5 4.5 7.6 7.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 PHILADELPHIA CLEVELAND 33.8 17.9 18.1 16.0 21.4 22.9 10.7 12.1 11.3 13.7 15.8 17.9 17.2 18.0 15.9 NOV 2.2 5.3 2.5 0.5 DEC 11.1 8.1 8.8 1 9 7 0 JAN 24.2 10.8 FEB 0.5 MAR 1969 JUL TOTAL OR LATER * 1/ SEE 2/ INCLUDES ONLY C E R T I F I C A T E S NOTE * NEW YORK RICHMOND ATLANTA CH I— CAGO TECHNICAL A P P E N D I X A . ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 SALES IN T H I S TABLE ARE NOT ADJUSTED FOR C D ' S D E T A I L S MAY NOT ADD TO TOTALS DUE TO ROUNDING. OR MORE BY WEEKLY REPORTING BANKS. THAT HAVE MATURED. 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 regulation's 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 i 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 comparibility 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. '
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