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September 24, 1974




L.4. 1
CONFIDENTIAL (FR)

Research "'LrarV

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS

as of

August 28, 1974

NOTE:

Sales since the previous survey and
comparison with previous data reflect
revisions in the July report whereby
$14.3 million in outstanding negotiable
CD's have been deducted from the series.

Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System

TABLE

1

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
WEEKLY REPORTING
AS OF

AMOUNT
( M I L L I O N S OF
DOLLARS)

28 A U G

T I M E C E R T I F I C A T E S OF

DEPOSIT AT

BANKS
1974
SALES SINCE
PREVIOUS MONTH 2/
( M I L L I O N S OF D O L L A R S )

PERCENTAGE
DISTRIBUTION

CUMULATIVE
PERCENTAGE

4,421.6

5.0

5.0

.0

SEPTEMBER

33,913.2

38.4

43.4

13,485.3

OCTOBER

20,800.7

23.5

66.9

6,633.1

NOVEMBER

12,386.7

14.0

80.9

6,570.6

DECEMBER

6,673.7

7.5

88.4

3,161.8

JANUARY

3,217.3

3.6

92.0

1,123.4

FEBRUARY

2,068.7

2.3

94.3

1,299.2

MARCH

1,092.1

1.2

95.5

131.6

APRIL

1,161.4

1.3

96.8

39.7

MAY

528.9

.6

97.4

88.2

JUNE

460.4

.5

97.9

30.0

JULY

481.5

.5

98.4

41.5

AUGUST

256.4

.3

98.7

275.8

OVER

CD'S

963.3

1.1

100.0

XXX

88,425.9

100.0

XXX

32,880.2

MATURING

IN

1974 AUGUST

1975

29 - 31

12 M O N T H S
TOTAL

(MEMORANDUMS
SEPTEMBER
SEPTEMBER

1,465.1
3,079.8

10
16

1/

INCLUDES

ONLY CERTIFICATES

2/

SEE T E C H N I C A L

APPENDIX

IN D E N O M I N A T I O N S OF

A.


http://fraser.stlouisfed.org/ A L E S OF C D ' S M A T U R I N G A F T E R
3/
S
Federal Reserve Bank of St. Louis

11 M O N T H S .

TAX

AND DIVIDEND

XXX
XXX

1.7
3.5

$ 1 0 0 , 0 0 0 OR

MATURITIES)

MORE

I S S U E D BY W E E K L Y R E P O R T I N G

451.4
1,174.5

BANKS.

3/

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 T I M E C E R T I F I C A T E S OF D E P O S I T
N E W Y O R K C I T Y , C H I C A G O , A N D ALL O T H E R W E E K L Y R E P O R T I N G B A N K S
AS OF

28 A U G

(IN M I L L I O N S
NEW
CD'S MATURING

1 9 7 4 AUG

29 -

IN

AMOUNT

AUG

31

YORK

OF

1974
DOLLARS)

CITY

CHICAGO

SALES SINCE
PREVIOUS MONTH

AT

AMOUNT
2/

ALL

SALES SINCE
PREVIOUS MONTH

OTHER

WEEKLY REPORTING

AMOUNT
2/

BANKS

SALES SINCE R
PREVIOUS MONTH 2/

1,419.9

.0

325.9

.0

2,675.7

.0

11,403.0

4,318.7

3,235.4

904.3

19,274.8

8,262.3

OCTOBER

7,182.3

1,954.7

2,960.4

963.3

10,658.0

3,715.1

NOVEMBER

4,605.7

2,581.5

1,487.7

662.0

6,293.2

3,327.0

DECEMBER

2,747.0

1,314.6

785.1

328.5

3,141.6

1,518.7

898.5

326.0

442.8

253.2

1,876.0

544.3

FEBRUARY

408.3

332.5

245.1

230.8

1,415.3

735.9

MARCH

209.5

30.1

79.5

47.6

803.1

53.8

APRIL

268.9

7.2

61.0

5.1

831.5

27.4

46.5

.8

4.8

.3

477.6

87.2

JUNE

132.4

3.2

15.5

.1

312.6

26.7

JULY

99.7

1.5

43.1

.1

338.7

39.8

AUGUST

28.2

31.8

OVER

68.8

XXX

40.9

XXX

853.7

XXX

29,518.7

10,902.6

9,729.1

3,429.0

49,178.1

18,548.6

SEPTEMBER

1975 J A N U A R Y

MAY

12 M O N T H S
TOTAL

NUMBER

*

OF R E P O R T I N G

BANKS

,,

/3

12

1/ INCLUDES

10
16

453.6
1,313:7

ONLY CERTIFICATES
APPENDIX

A.

3 / S A L E S OF

MATURING

AFTER

CD'S

11 M O N T H S .


* TOTALS M A Y NO
http://fraser.stlouisfed.org/ T A D D D U E TO R O U N D I N G .
Federal Reserve Bank of St. Louis

TAX

AND

119.8
499.6

IN D E N O M I N A T I O N

2 / SEE T E C H N I C A L

3 3 . 7 /3

226.3

11
(MEMORANDUM:

SEPTEMBER
SEPTEMBER

1.9

OF $ 1 0 0 , 0 0 0

236

DIVIDEND MATURITIES)

159.6
79.5
OR M O R E

210.4 /3

35.3
13.2

I S S U E D BY W E E K L Y R E P O R T I N G

851.8
1,686.6
BANKS.

296.2
661.7

TABLE

MATURITY DISTRIBUTION

OF

2B

OUTSTANDING NEGOTIABLE TIME

NEW YORK CITY, C H I C A G O , A N D ALL
AS OF

28

AUG

OTHER

CERTIFICATES

WEEKLY

1 9 7 4 A N D 31 J U L

REPORTING

OF

1/

DEPOSIT AT

BANKS

1974

(PERCENTAGE DISTRIBUTION)

1'S M A T U R I N G

NEW

TM

YORK

2 8 AUG

0-6

DAYS
1

2/

CITY

CHICAGO

31 J U L

28

AUG

ALL O T H E R
31 J U L

28 A U G

31 J U L

4.8

.0

3.3

.0

5.4

38.6

40.1

33.3

35.3

39.2

02 MONTHS

24.3

24.7

30.4

25.3

21.7

23.2

03

MONTHS

15.6

18.2

15.3

21.6

12.8

14.6

04 MONTHS

9.3

7.0

8.1

8.9

6.4

6.2

05 MONTHS

3.0

5.0

4.6

4.9

3.8

3.4

06 MONTHS

1.4

2.0

2.5

2.1

2.9

2.8

07 MONTHS

.7

.3

.8

.2

1.6

1.4

08

MONTHS

.9

.6

.6

.3

1.7

1.6

09 MONTHS

.2

.9

.0

.6

1.0

1.7

10 M O N T H S

.4

.2

.2

.0

.6

.8

11 M O N T H S

.3

.4

.4

.2

.7

.6

12 M O N T H S

.1

.3

.0

.5

.5

.6

.2

.2

.4

.1

1.7

1.8

100.0

100.0

100.0

100.0

100.0

100.0

:
12 M O N T H S

TOTAL

*

1/ I N C L U D E S O N L Y
BANKS•

CERTIFICATES

IN D E N O M I N A T I O N S

OF

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 . T H I S
F O L L O W I N G T H E L A S T W E D N E S D A Y OF T H E M O N T H .
3/ NUMBER

OF M O N T H S

FOLLOWING

THE

SURVEY MONTH.


http://fraser.stlouisfed.org/
* T O T A L S MAY N O T ADD DUE TO R O U N D I N G .
Federal Reserve Bank of St. Louis

$ 1 0 0 , 0 0 0 OR

MORE

CM

OVER

3/

4"

01 M O N T H S

.0

ISSUED BY W E E K L Y R E P O R T I N G

PERIOD VARIES WITH THE

NUMBER

OF

DAYS

TABLE
M A T U R I T Y D I S T R I B U T I O N OF

2C

OUTSTANDING NEGOTIABLE TIME CERTIFICATES

N E W Y O R K C I T Y , C H I C A G O , A N D ALL
AS OF 2 8

AUG

OTHER

WEEKLY

1 9 7 4 A N D 31 J U L

REPORTING

1/

OF D E P O S I T A T
BANKS

1974

(CUMULATIVE DISTRIBUTION)

NEW Y O R K
28 A U G

CITY

CHICAGO

31 J U L

28 AUG

ALL OTHER
31

JUL

28 A U G

31 J U L

4.8

.0

3.3

.0

5.4

.0

43.4

40.1

36.6

35.3

44.6

41.2

02 MONTHS

67.7

64.8

67.0

60.6

66.3

64.4

03 M O N T H S

83.3

83.0

82.3

82.2

79.1

79.0

04 MONTHS

92.6

90.0

90.4

91.1

85.5

85.2

MONTHS

95.6

95.0

95.0

96.0

89.3

88.6

06 MONTHS

97.0

97.0

97.5

98.1

92.2

91.4

07 MONTHS

97.7

97.3

98.3

98.3

93.8

92.8

08 MONTHS

98.6

97.9

98.9

98.6

95.5

94.4

09 MONTHS

98.8

98.8

98.9

99.2

96.5

96.1

10 M O N T H S

99.2

99.0

99.1

99.2

97.1

96.9

11 M O N T H S

99.5

99.4

99.5

99.4

97.8

97.5

12 M O N T H S

99.6

99.7

99.5

99.9

98.3

98.1

100.0

100.0

100.0

100.0

100.0

100.0

0-6
01

05

OVER

DAYS

2/

MONTHS 3/

12 M O N T H S

1/ I N C L U D E S O N L Y
BANKS.

CERTIFICATES

IN D E N O M I N A T I O N S OF

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 . T H I S
F O L L O W I N G T H E L A S T W E D N E S D A Y OF T H E M O N T H .
3/ NUMBER




OF M O N T H S

FOLLOWING THE

SURVEY MONTH.

$ 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

PERIOD V A R I E S WITH THE NUMBER OF

DAYS

T A B L E 3A

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
A T W E E K L Y R E P O R T I N G B A N K S B Y S I Z E OF B A N K S 2 /
AS OF 28 A U G 1 9 7 4
( A M O U N T S IN M I L L I O N S OF D O L L A R S )

DEPOSIT

$1

$200
CD'S MATURING

IN

TOTAL

MILLION
TO
MILLION

MILLION
AND UNDER

1/

BILLION

AND OVER

PRIME

$500 MILLION
TO
$1 B I L L I O N

3/
OUTSIDE
NEW YORK
CITY

NON - P R I M E

NEW YORK
CITY

TOTAL

4.421.5

215.8

566.5

603.7

3,035.5

1,377.7

1,310.1

347.7

SEPTEMBER

33,913.2

1,665.0

3,997.7

5,006.7

23,243.8

10,710.1

9,269.4

3 ,264.3

OCTOBER

20,800.7

855.1

2,147.1

2,876.2

14,922.3

6,890.4

6,102.7

1 ,929.2

NOVEMBER

12,386.6

519.6

1,226.6

1,448.8

9,191.6

4,408.4

3,649.2

1 ,134.0

DECEMBER

6,673.7

201.8

558.3

902.7

5,010.9

2,679.1

1,797.4

534.4

3,217.4

153.7

335.6

417.1

2,311.0

835.4

1,125.4

350.2

FEBRUARY

2.068.6

80.1

180.6

261.4

1,546.5

401.5

1,036.1

108.9

MARCH

1,092.1

33.2

91.3

174.0

793.6

117.7

528.2

147.7

APRIL

1,161.4

35.5

147.8

126.1

852.0

254.2

405.4

192.4

MAY

528.9

30.7

71.0

105.5

321.7

44.1

216.3

61.3

JUNE

460.3

27.5

42.6

56.2

334.0

128.5

159.5

46.0

JULY

481.4

28.1

46.0

53.5

353.8

79.0

115.1

159.7

AUGUST

256.4

25.2

34.9

38.3

158.0

27.5

100.1

30.4

SEPTEMBER
OR L A T E R

963.2

76.4

82.4

261.4

543.0

66.0

387.6

89.4

88,425.4

3,947.7

9,528.4

12,331.6

62,617.7

28,019.6

26,202.5

8,395.6

1974 AUG

29-31

1975 J A N U A R Y

TOTAL

*

(MEMORANDUM:

TAX

AND DIVIDEND MATURITIES)

SEPTEMBER

10

1,464.9

50.0

141.0

161.3

1,112.6

442.0

539.5

131.1

SEPTEMBER

16

3,079.7

124.9

278.6

431.2

2,245.0

1,165.7

729.6

349.7

12

18

(MEMORANDUMS
2 59

86

NUMBER
86

OF

BANKS)
50

37

1/ 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 .
2 / T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 1 , 1 9 6 5 .
Digitized / 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 OF 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 OF T H E H I G H E S T Q U A L I T Y
3 for FRASER
REPORTED
http://fraser.stlouisfed.org/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 OF 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 .
T O T Bank of Y N O T
Federal*
Reserve A L S M ASt. Louis A D D D U E TO R O U N D I N G .

AND WHICH

ARE

TABLE 38

S A L E S / ! / 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
A T 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 OF B A N K S 3 /
AS OF 28 A U G 1 9 7 4
( A M O U N T S IN M I L L I O N S OF D O L L A R S )

MONTH

$1

2/

BILLION

AND OVER

$200
MILLION
AND UNDER

$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 B I L L I O N

13,485.3

788.4

1,659.7

1,960.4

9,076.8

4,125.4

3,729.2

1,222.2

OCTOBER

6,633.1

293.5

724.3

983.0

4,632.3

1,897.3

2,120.6

614.4

NOVEMBER

6,570.7

312.6

711.2

697.1

4,849.8

2,504.1

1,830.2

515.5

DECEMBER

3,161.9

93.8

256.1

400.6

2,411.4

1,284.8

882.5

244.1

1,123.5

37.5

79.4

124.8

881.8

310.4

495.0

76.4

1,299.3

39.0

65.6

159.4

1,035.3

327.5

677.4

30.4

MARCH

131.7

1.6

5.6

15.2

109.3

30.1

74.7

4.5

APRIL

39.9

2.0

2.9

8.0

27.0

7.3

10.1

9.6

MAY

88.3

0.9

10.9

12.9

63.6

0.8

58.3

4.5

JUNE

29.9

3.4

2.3

3.6

20.6

3.1

11.6

5.9

JULY

41.5

0.2-

4.8

7.9

29.0

1.5

11.1

16.4

CD'S MATURING

1 9 7 4 AUG

IN

PRIME 4/
— — — — — — — — — — — — — — — —
OUTSIDE
NEW YORK
NEW YORK
CITY
CITY

TOTAL

NON-PRIME

29-31

SEPTEMBER

1975 J A N U A R Y
FEBRUARY

AUGUST
OR L A T E R
TOTAL

TOTAL

*

275.7

7.0

16.7

47.9

204.1

31.1

133.6

39.4

32,880.8

1,579.5

3,539.5

4,420.8

23,341.0

10,523.4

10,034.3

2,783.3

— — — — — — — — — — — — — — — — — — — — — — — — — — (MEMORANDUM*

TAX

AND DIVIDEND MATURITIES) —

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

SEPTEMBER

10

451.3

10.0

29.6

22.0

389.7

119.2

249.7

20.8

SEPTEMBER

16

1,174.5

65.9

125.2

194.5

768.9

475.4

219.0

94.5

37

7

12

18

(MEMORANDUM:
259

86

NUMBER
86

OF B A N K S )
50

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 BY W E E K L Y R E P O R T I N G B A N K S .
3 / T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 .
Digitized / 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 T H E H I G H E S T Q U A L I T Y A N D W H I C H
4 for FRASER
REPORTED
http://fraser.stlouisfed.org/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 OTHER W I T H I N T H F S E C O N D A R Y M A R K E T .
*
T O T L S of Y Louis
Federal ReserveABank M A St. N O T ADD D U E T O R O U N D I N G .

ARE

—

T A B L E 3C

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
A T 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 OF B A N K S 2 /
AS OF 28 A U G 1 9 7 4
PERCENTAGE DISTRIBUTION

1/

$1 B I L L I O N A N D O V E R
CD1S MATURING

IN

$200
TOTAL

MILLION
A N D UNDER

$200 MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 B I L L I O N

PRIME
TOTAL
NEW YORK
CITY

1974 AUG

29-31

3/
OUTSIDE
NEW YORK
CITY

NON-PRIME

5.0

5.5

5.9

4.9

4.8

4.9

5.0

4.1

SEPTEMBER

38.4

42.2

42.0

40.6

37.1

38.2

35.4

38.9

OCTOBER

23.5

21.7

22.5

23.3

23.8

24.6

23.3

23.0

NOVEMBER

14.0

13.2

12.9

11.7

14.7

15.7

13.9

13.5

DECEMBER

7.5

5.1

5.9

7.3

8.0

9.6

6.9

6.4

3.6

3.9

3.5

3.4

3.7

3.0

4.3

4.2

FEBRUARY

2.3

2.0

1.9

2.1

2.5

1.4

4.0

1.3

MARCH

1.2

0.8

1.0

1.4

1.3

0.4

2.0

1.8

APRIL

1.3

0.9

1.6

1.0

1.4

0.9

1.5

2.3

MAY

0.6

0.8

0.7

0.9

0.5

0.2

0.8

0.7

JUNE

0.5

0.7

0.4

0.5

0.5

0.5

0.6

0.5

JULY

0.5

0.7

0.5

0.4

0.6

0.3

0.4

1.9

AUGUST

0.3

0.6

0.4

0.3

0.3

0.1

0.4

0.4

SEPTEMBER
OR L A T E R

1.1

1.9

0.9

2.1

0.9

0.2

1.5

1.1

100.0

100.0

100.0

1975 J A N U A R Y

TOTAL

*

100.0

100.0

100.0

(MEMORANDUM:

TAX

100.0

100.0

AND DIVIDEND M A T U R I T I E S )

SEPTEMBER

10

1.7

1.3

1.5

1.3

1.8

1.6

2.1

16
.

SEPTEMBER

16

3.5

3.2

2.9

3.5

3.6

4.2

2.8

4.2

1/ 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 BY W E E K L Y R E P O R T I N G B A N K S .
2 / T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 1 , 1 9 6 5 .
3 / PRIME B A N K S ARE 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 OF 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 Q U A L I T Y A N D W H I C H A R E
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 OF EACH OTHER W I T H I N T H E S E C O N D A R Y M A R K E T .
*
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 .




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
A T 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 OF B A N K S 2 /
AS OF 2 8 A U G 1 9 7 4
CUMULATIVE PERCENTAGE

TABLE 3D

DEPOSIT

1/

SI B I L L I O N

$200
CD'S MATURING

IN

TOTAL

MILLION
AND UNDER

$200

MILLION
TO
$500 MILLION

$500 MILLION
TO
$1 B I L L I O N

AND OVER

PRIME
TOTAL
NEW YORK
CITY

3/
OUTSIDE
NEW YORK
CITY

NON-PRIME

5.0

5.5

5.9

4.9

4.8

4.9

5.0

4.1

SEPTEMBER

43.4

47.7

47.9

45.5

41.9

43.1

40.4

43.0

OCTOBER

66.9

69.4

70.4

68.8

65.7

67.7

63.7

66.0

NOVEMBER

80.9

82.6

83.3

80.5

80.4

83.4

77.6

79.5

DECEMBER

88.4

87.7

89.2

87.8

88.4

93.0

84.5

85.9

JANUARY

92.0

91.6

92.7

91.2

92.1

96.0

88.8

90.1

FEBRUARY

94.3

93.6

94.6

93.3

94.6

97.4

92.8

91.4

MARCH

95.5

94.4

95.6

94.7

95.9

97.8

94.8

93.2

APRIL

96.8

95.3

97.2

95.7

97.3

98.7

96.3

95.5

MAY

97.4

96.1

97.9

96.6

97.8

98.9

97.1

96.2

JUNE

97.9

96.8

98.3

97.1

98.3

99.4

97.7

96.7

JULY

98.4

97.5

98.8

97.5

98.9

99.7

98.1

98.6

AUGUST

98.7

98.1

99.2

97.8

99.2

99.8

98.5

99.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1974 AUG

1975

29-31

SEPTEMBER
OR L A T E R

100.0

1 / 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 .
2 / T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 .
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 OF 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 OF T H E H I G H E S T Q U A L I T Y
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 OF EACH OTHER W I T H I N T H E S E C O N D A R Y M A R K E T .




AND WHICH

ARE

S A L E S / ! / 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 M O N T H
A T 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 3 /
AS OF 28 A U G 1 9 7 4
PERCENTAGE DISTRIBUTION

TABLE 3E

2/

SI B I L L I O N

$200
CD'S MATURING

IN

TOTAL

MILLION
AND UNDER

$500 MILLION
TO
$1 B I L L I O N

$200 MILLION
TO
$500 MILLION

AND OVER

PRIME

4/

NEW YORK
CITY
1 9 7 4 AUG

OUTSIDE
NEW Y O R K
CITY

TOTAL

NON-PRIME

29-31

SEPTEMBER

41.0

49.9

46.9

44.3

38.9

39.2

37.2

43.9

OCTOBER

20.2

18.6

20.5

22.2

19.8

18.0

21.1

22.1

NOVEMBER

20.0

19.8

20.1

15.8

20.8

23.8

18.2

18.5

DECEMBER

9.6

5.9

7.2

9.1

10.3

12.2

8.8

8.8

3.4

2.4

2.2

2.8

3.8

2.9

4.9

2.7

FEBRUARY

4.0

2.5

1.9

3.6

4.4

3.1

6.8

1.1

MARCH

0.4

0.2

0.3

0.5

0.3

0.7

0.2

APRIL

0.1

0.1

0.2

0.1

0.1

MAY

0,3

0.3

0.3

0.3

0.0

JUNE

0.1

0.1
0.1
0.1
0.2

0.1

0.1

0.0

JULY

0.1

0.0

0.1

0.2

0.1
0.1

0.0

0.1
0.6
0.1
0.1

0.2
0.2
0.6

AUGUST
OR L A T E R

0.8

0.4

0.5

1.1

0.9

0,3

1.3

1.4

1975 J A N U A R Y

TOTAL *

100.0

100.0

100.0

(MEMORANDUM:

100.0

100.0

TAX

AND

100.0

100.0

0.3

100.0

DIVIDEND MATURITIES)

SEPTEMBER

10

1.4

0.6

0.8

0.5

1.7

1.1

2.5

0.7

SEPTEMBER

16

3.6

4.2

3.5

4.4

3.4

4.5

2.2

3.4

(MEMORANDUM:
259

86

NUMBER
86

OF

BANKS)
50

37

12

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/ T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 3 1 , 1 9 6 5 .
4 for FRASER
Digitized/ PRIME 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 OF 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 Q U A L I T Y A N D W H I C H
REPORTED B
http://fraser.stlouisfed.org/ 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 T H E S E C O N D A R Y M A R K E T .
*
T O T L S of St. Louis
Federal ReserveABankM A Y N O T A D D D U E T O R O U N D I N G .

18

ARE

T A B L E 4A
AVERAGE MATURITY
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 1/
AT WEEKLY REPORTING

BANKS

AT VARIOUS SURVEY DATES
(IN M O N T H S )

D A T E OF S U R V E Y

BANK C L A S S I F I C A T I O N
28 A U G

1974

31 JUL

1974

26 JUN

1974

CBY L O C A T I O N )
ALL R E P O R T I N G B A N K S
ISSUING

CD'S

2.1

2.1

NEW Y O R K CITY

1.8

1.9

1.8

CHICAGO

1.9

1.9

OTHER

2.2

2.2
(BY SIZE OF

UNDER

$200 M I L L I O N

00

2.1

2.3

BANK) 2/

2.1

2.1

2.1

$200—$500 MILLION

1.9

2.0

2.0

$500-$!,000 MILLION

2.1

2.2

2.2

OVER

2.1

2.1

2.1

$1 B I L L I O N
3/

1.9

00

CITY

00

P R I M E IN N E W YORK

PRIME O U T S I D E N E W Y O R K C I T Y 3 /

2.3

2.2

2.3

NON-PRIME

2.2

2.3

2.5

1/

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 BY W E E K L Y R E P O R T I N G B A N K S .

2/

TOTAL

ON D E C E M B E R

3/

P R I M E B A N K S ARE 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 OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y A N D
W H I C H A R E 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 BASIS P O I N T S OF EACH OTHER W I T H I N T H E S E C O N D A R Y M A R K E T .

D E P O S I T S AS R E P O R T E D




IN T H E CALL R E P O R T OF C O N D I T I O N

31,

1965.

T A B L E 4B
AVERAGE MATURITY
OF
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 1/
SOLD BY W E E K L Y R E P O R T I N G B A N K S
D U R I N G THE M O N T H OF

VARIOUS SURVEYS

(IN M O N T H S )

D A T E OF

BANK C L A S S I F I C A T I O N
28 AUG

1974

31 JUL

SURVEY
1974

26 J U N

1974

(BY L O C A T I O N )
ALL R E P O R T I N G B A N K S

2,0

1.9

2.0

1.9

2.1

2.2

CHICAGO

2.4

2.1

2.5

OTHER

1.9

1.8

1.9

ISSUING

NEW YORK

CD'S

CITY

(BY SIZE OF
UNDER

$200 MILLION

BANK) 2/

1.7

1.7

1.8

$200—$500 MILLION

1.7

1.8

1.8

$500—$1,000 MILLION

1.9

1.9

2.0

OVER

2.1

2.0

2.1

2.0

2.1

2.1

P R I M E O U T S I D E NEW YORK C I T Y 3 /

2.2

1.9

2.1

NON-PRIME

1.9

1.8

2.2

$1 B I L L I O N

PRIME

1/

INCLUDES CERTIFICATES

2/

TOTAL

3
/

IN N E W YORK CITY 3 /

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

D E P O S I T S AS R E P O R T E D

IN THE CALL R E P O R T OF C O N D I T I O N ON D E C E M B E R

EKursTiS!


http://fraser.stlouisfed.org/ T E C H N I C A L A P P E N D I X B .
NOTE—SEE
Federal Reserve Bank of St. Louis

I S S U E D BY W E E K L Y R E P O R T I N G
31,

1965.

BANKS.

TABLE
R A T I O OF

5A

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

1/

TO TOTAL DEPOSITS
AT VARIOUS

SURVEY DATES

(PER C E N T )

D A T E OF
TOTAL DEPOSITS 2 /
(IN M I L L I O N S O F D O L L A R S )

BANKS ISSUING
CD'S

1974

31

JUL

1974

26 JUN

1974

25.2

24.1

23.2

200

15.3

14.9

14,8

200 - 500

19.7

19.2

00
00

ALL

28 A U G

SURVEY

500 -

20.8

20.3

19.4

28.9

27.3

26.2

33.0

30.9

29.9

27.8

26.2

24.9

22.2

21.6

21.5

UNDER

OVER

1000
1000

P R I M E IN N E W

YORK

PRIME OUTSIDE NEW

3/
YORK

3/

NONPRIME

1/ INCLUDES CERTIFICATES
2/ TOTAL

IN D E N O M I N A T I O N S

D E P O S I T S AS R E P O R T E D

IN T H E C A L L

OF

$ 1 0 0 , 0 0 0 OR

MORE

R E P O R T OF C O N D I T I O N

ISSUED BY WEEKLY REPORTING B A N K S .
ON D E C E M B E R

31,

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 OF D E P O S I T ARE R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y A N D
W H I C H A R E 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 OF 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 .
NOTE-

D E P O S I T S IN T H E D E N O M I N A T O R OF T H E R A T I O
INTERBANK AND U.S. GOVERNMENT DEPOSITS.




IN T H I S T A B L E A R E T O T A L

DEMAND AND TIME DEPOSITS, INCLUDING

f

4

TABLE
R A T I O OF

OUTSTANDING NEGOTIABLE TIME
TO T O T A L
AS OF

(IN M I L L I O N S

ALL

BANKS
CD'S

OF

5%
OR
LESS

2/

DOLLARS)

5
TO
10%

CERTIFICATES

1/

OF

1974

BANKS)
A V E R A G E CD
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
TO
15%

ISSUING

OF D E P O S I T

DEPOSITS

28 AUG

(NUMBER

TOTAL DEPOSITS

5B

37

23

32

35

46

86

25.2

200

13

10

18

18

14

13

15.3

2 0 0 - 500

16

6

10

7

19

28

19.7

6

6

1

6

7

24

20.8

2

1

3

4

6

21

28.9

0

0

0

0

0

7

33.0

0

0

0

1

5

6

27.8

2

1

3

3

1

8

22.2

UNDER

500 OVER

1000
1000

PRIME

IN N E W

PRIME OUTSIDE

YORK

3/

NEW YORK

3/

NONPRIME

1/

INCLUDES CERTIFICATES

2/ TOTAL DEPOSITS
3/

IN D E N O M I N A T I O N S

AS R E P O R T E D

OF $ 1 0 0 , 0 0 0 OR

MORE

ISSUED BY WEEKLY

IN T H E C A L L R E P O R T OF C O N D I T I O N O N D E C E M B E R

31,

REPORTING BANKS.
1965.

P R I M E B A N K S ARE 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 OF D E P O S I T ARE R E G A R D E D AS B E I N G O F T H E H I G H E S T Q U A L I T Y A N D
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 T H E S E C O N D A R Y M A R K E T .

NOTE-

D E P O S I T S IN T H E D E N O M I N A T O R OF T H E R A T I O IN T H I S T A B L E A R E
INTERBANK AND U . S . GOVERNMENT DEPOSITS.




TOTAL

DEMAND AND TIME DEPOSITS,

INCLUDING

TABLE

PER

CENT CHANGE

IN O U T S T A N D I N G
31 JUL

NEGOTIABLE TIME CERTIFICATE

1 9 7 4 TO 2 8 AUG

(NUMBER

TOTAL

DEPOSITS

(IN M I L L I O N S

OF

2/

REDUCED
CD'S TO
ZERO

DOLLARS)

DECLINES
1 0 % OR
MORE

5C

OF

OF D E P O S I T / I

1974

BANKS)

OF

5 TO
10%

I N C R E A S E S OF
5 % OR
LESS

NO
CHANGE

5% OR
LESS

5 TO
10%

1 0 % OR
MORE

ISSUED CD'S BUT
HAD NONE O U T S T A N D ING ON B A S E D A T E

-

ALL

RANKS
CD'S

ISSUING
1

19

22

61

11

69

43

34

0

200

1

8

4

23

4

23

15

9

0

2 0 0 - 500

0

5

10

23

6

22

7

13

0

500 -

0

5

4

11

1

12

10

7

0

0

1

4

4

0

12

11

5

0

0

0

2

0

0

2

1

2

0

0

0

0

0

0

3

8

1

0

0

1

2

4

0

7

2

2

0

UNDER

OVER

1000
1000

PRIME

IN N E W

YORK

PRIME OUTSIDE NEW

3/
YORK

3/

NONPRIME

1/ INCLUDES CERTIFICATES
2/ TOTAL DEPOSITS

N 0 T E

-

Z




IN D E N O M I N A T I O N S O F

AS R E P O R T E D

IN T H E

CALL

$ 1 0 0 , 0 0 0 OR

R E P O R T OF

MORE

ISSUED BY WEEKLY REPORTING

C O N D I T I O N ON D E C E M B E R

31,

BANKS.

1965.

"*NKS

T H I T

f

TABLE

PER

C E N T C H A N G E IN 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
29 M A Y

1 9 7 4 TO 2 8 A U G

(NUMBER OF

TOTAL D E P O S I T S
(IN M I L L I O N S

ALL

OF

/2

REDU—

DOLLARS)

C E R T I F I C A T E OF D E P O S I T / I

1974

BANKS)

D E C L I N E S OF

CD'S 25*
TO
OR
ZERO
MORE

BANKS ISSUING
CD'S

50

20
TO
25%

15
TO
20%

10
TO
15%

INCREASE
5
TO
10%

5%
OR
LESS

NO
CHANGE

5%
OR
LESS

5
TO
10%

10
TO
15%

OF

15
TO
20%

20
TO
25%

25*
OR
MORE

ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
ON B A S E D A T E

1

25

4

8

10

26

34

1

34

33

20

20

11

32

200

1

7

0

4

4

12

11

0

11

14

4

6

3

9

1

200 - 500

0

11

2

3

4

7

15

1

12

11

3

4

4

9

0

*00 - 1000

0

4

1

1

1

5

3

0

7

3

9

5

4

7

0

OVER

0

3

1

0

1

2

5

0

4

5

4

5

0

7

0

0

0

0

0

0

1

1

0

0

0

2

1

0

2

0

0

0

0

0

0

0

1

0

1

2

1

3

0

4

0

0

3

1

0

1

1

3

0

3

3

1

1

0

1

0

UNDER

1000

PRIME

IN N E W

YORK

3/

PRIME O U T S I D E NEW YORK

3/

NONPRIME

1/

INCLUDES CERTIFICATES

2/ TOTAL
3/

DEPOSITS

IN D E N O M I N A T I O N S OF

AS R E P O R T E D

IN T H E

$ 1 0 0 , 0 0 0 OR

MORE

C A L L R E P O R T OF C O N D I T I O N

I S S U E D BY W E E K L Y R E P O R T I N G
ON DECEMBER

31,

BANKS.

1965.

P R I M E B A N K S ARE 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 ARE R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y A N D
W H I C H A R E 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 OF 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 .

NOTE-

T H E N U M B E R OF B A N K S IN T H I S T A B L E D I F F E R S F R O M T H O S E IN M O S T O T H E R T A B L E S T O T H E E X T E N T T H A T B A N K S T H A T
H A D O U T S T A N D I N G C D ' S ON THE SURVEY THREE MONTHS PRIOR TO THE C U R R E N T S U R V E Y , R E D U C E D THEIR
OUTSTANDINGS TO ZERO.




TABLE
CHANGE

IN O U T S T A N D I N G
OVER

THE

NEGOTIABLE

MONTH

AS

AT THE

A PER

MILLIONS

OF

2/

BANKS
CD'S

OF T H E

OF

AUG

3%

DOLLARS)

ISSUING

2
TO

PERIOD
1974

BANKS)

2%

3%

INCREASES
1%
AND
LESS

1
TO

1/

DEPOSITS

D E C L I N E S OF

AND
OVER
ALL

C E N T OF T O T A L

1 9 7 4 TO 2 8

(NUMBER

DEPOSITS

T I M E C E R T I F I C A T E S OF D E P O S I T

BEGINNING

31 JUL

TOTAL

5E

NO
CHANGE

1%
AND
LESS

OF

3%

2
TO

1
TO

AND
OVER

3%

2%

4

7

20

73

11

74

44

13

13

200

2

1

5

28

4

28

11

5

2

200 - 500

2

0

11

26

6

19

16

3

500 -

0

4

1

15

1

15

9

2

3

0

2

3

4

0

12

8

3

5

0

1

1

0

0

2

1

0

2

0

0

0

0

0

2

5

3

2

0

1

2

4

0

8

2

0

UNDER

OVER

1000
1000
YORK

3/

PRIME

IN N E W

PRIME

OUTSIDE NEW YORK

3/

NONPRIME

1/

INCLUDES CERTIFICATES

IN D E N O M I N A T I O N S
CALL

MORE

R E P O R T OF C O N D I T I O N

1

ISSUED BY WEEKLY R E P O R T I N G B A N K S .

DEPOSITS

3/

B A N K S ARE 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 ARE R E G A R D E D AS B E I N G O F T H E H I G H E S T Q U A L I T Y A N D
A R E 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 OF 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 .

NOTE-

IN T H E

$ 1 0 0 , 0 0 0 OR

.

2/ TOTAL
PRIME
WHICH

AS R E P O R T E D

OF

3

„

D E P O S I T S IN T H E D E N O M I N A T O R OF T H E R A T I O
INTERBANK AND U . S . G O V E R N M E N T D E P O S I T S .




IN T H I S T A B L E

ON D E C E M B E R

ARE T O T A L

31,

1965.

DEMAND AND TIME DEPOSITS, INCLUDING

f

«

TABLE
C H A N G E IN O U T S T A N D I N G N E G O T I A B L E
OVER

29 MAY

(IN M I L L I O N S O F

TOTAL

D E P O S I T 1/

DEPOSITS

PERIOD
1974

BANKS)

D E C L I N E S OF

5%

DOLLARS)

AND
OVER
ALL

OF THE

1974 TO 28 AUG

(NUMBER OF
DEPOSITS 2/

TIME C E R T I F I C A T E S OF

T H E L A S T T H R E E M O N T H S AS A PER C E N T O F
A T THE BEGINNING

TOTAL

5F

BANKS ISSUING
CD'S

4
TO
5*

3
TO
4*

I N C R E A S E S OF

2
TO
3%

1
TO

1%
AND
LESS

2%

NO
CHANGE

IS
AND
UNDER

1
TO

2
TO
3*

2%

3
TO
4%

4
TO

5%
AND
OVER

5%

5

2

5

14

27

56

1

40

37

20

17

15

19

200

2

1

0

6

7

22

0

17

15

6

4

4

1

200 - 500

1

0

3

4

11

24

1

11

13

4

3

5

6

500 - 1000

0

1

1

3

5

5

0

8

6

7

6

3

5

2

0

1

1

4

5

0

4

3

3

4

3

7

0

0

0

0

1

1

0

0

0

0

2

1

2

0

0

0

0

1

0

0

1

2

1

1

2

4

2

0

1

1

2

4

0

3

1

2

1

0

1

UNDER

OVER

1000

PRIME

IN N E W

PRIME OUTSIDE

YORK

3/

NEW YORK

NONPRIME

3/

1/ INCLUDES CERTIFICATES

IN D E N O M I N A T I O N S OF

2/ TOTAL D E P O S I T S AS R E P O R T E D

N O T E

'

$ 1 0 0 * 0 0 0 OR

IN THE CALL R E P O R T OF

INTERBANK'ANO^U.S^^GOVERNNENT^OEPOSITSL^ ™




MORE

CONDITION

ISSUED BY

WEEKLY REPORTING BANKS.

ON D E C E M B E R

31*

1965.

» ™

> ' «

ZNCUUOMC

TABLE
MATURITY DISTRIBUTION

OF

6A

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
AT W E E K L Y R E P O R T I N G BANKS
BY F E D E R A L R E S E R V E D I S T R I C T
AS OF 2 8 A U G

1/

1974

( A M O U N T S IN M I L L I O N S OF D O L L A R S )
CD'S MATURING

IN

ALL
DISTRICTS

BOSTON

4421.6

195.8

SEP

33913.2

OCT

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

537.8

38.9

39.0

92.8

254.8

1042.3

1320.3

4792.7

378.3

491.6

682.8

1764.8

6181.4

551.8

721.7

4017.0

194.2

259.9

396.2

830.8

3320.7

605.5

292.3

444.0

2006.1

116.4

155.0

242.3

325.0

2116.7

234.3

357.0

183.4

201.2

1078.0

44.7

103.6

129.2

170.6

931.8

952.5

76.1

161.7

96.1

172.1

518.6

48.2

53.7

72.4

126.2

732.2

205.0

438.0

33.6

145.9

69.6

112.3

273.7

28.1

24.0

28.5

£9.7

670.4

1092.1

206.8

228.9

24.1

102.5

66.1

35.9

97.4

22.5

19.6

11.4

16.3

260.6

APR

1161.3

123.8

311.2

49.4

126.1

48.9

65.9

76.9

28.6

10.4

20.8

38.3

261.0

MAY

529.0

93.2

53.4

15.5

61.2

25.2

30.3

14.8

23.1

12.2

12.9

14.2

173.0

JUN

460.4

54.4

144.7

12.0

51.1

7.5

12.5

30.7

8.7

3.0

12.5

8.9

114.4

JUL

481.5

32.4

106.7

13.7

41.7

9.1

15.0

50.4

6.7

8.1

15.0

140.8

41.9

AUG

256.4

86.1

30.4

7.6

45.5

2.7

21.3

5.4

1.6

5.0

7.1

10.4

33.3

963.5

44.0

81.9

73.2

411.0

10.1

56.4

70.2

60.0

4.7

14.0

62.8

75.2

88426.1

4644.3

32630.3

3310.8

4838.4

2375.4

3371.0

13569.7

1000.0

1189.8

1737.9

3803.6

15954.9

2.0

2.7

1.7

2.0

3.2

2.1

2.2

1.8

2.8

2.0

2.0

2.0

2.0

259

18

41

9

22

18

24

36

11

5

18

25

32

PHILADELPHIA

CLEVELAND

1590.2

131.0

1521.5

12980.8

20800.7

941.5

NOV

12386.6

DEC

NEW
YORK

RICHATLANTA
MOND

CHICAGO

211.6

125.3

162.1

1278.9

1632.8

887.3

7872.1

810.0

884.8

604.8

4927.1

551.4

6673.6

327.4

2912.4

JAN

3217.4

207.6

FEB

2068.8

MAR

1 9 7 4 AUG

1975

SEP

29—AUG

OR

31

LATER

TOTAL *
AVERAGE MATURITY
IN M O N T H S 2 /
NUMBER
BANKS

OF R E P O R T I N G

1/ INCLUDES ONLY C E R T I F I C A T E S
2 / SEE TECHNICAL

APPENDIX

I S S U E D IN D E N O M I N A T I O N S O F

$ 1 0 0 , 0 0 0 OR

MORE BY WEEKLY

REPORTING

BANKS.

B.

A I L S M A Y N O T A D D T O T O T A L S D U E T O R O U N D I N G .
* DET


f

4

TABLE

1/
SALES

6B

2/

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
WEEKLY REPORTING BANKS
BY F E D E R A L R E S E R V E D I S T R I C T
AS OF

28 A U G

IN

ALL
DISTRICTS

BOSTON

NEW
YORK

SEP

13485.3

670.1

OCT

6633.1

NOV

MONTH

1974

( A M O U N T S IN M I L L I O N S
CD'S M A T U R I N G

PREVIOUS

OF D O L L A R S )

CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

493.6

1558.6

154.0

172.3

277.2

687.8

2948.4

133.0

230.5

1364.2

49.3

64.6

116.7

370.1

1165.3

311.2

151.5

222.9

1001.4

56.5

101.2

129.2

248.6

1126.6

108.0

202.6

76.7

80.6

547.9

17.9

39.6

74.1

42.4

451.3

344.2

23.3

49.6

29.9

46.8

266.3

16.1

11.5

21.5

38.8

217.8

94.1

353.9

17.5

86.7

50.8

48.1

245.9

11.5

8.9

13.8

16.8

351.2

131.6

12.8

31.1

3.1

11.2

6.7

3.5

47.8

0.4

0.9

0.6

0.5

13.0

APR

39.7

3.6

8.5

5.0

5.4

1.9

1.5

5.6

1.7

0.0

0.9

0.8

4.8

MAY

88.5

2.1

2.5

0.7

10.9

0.3

0.7

1.0

2.5

0.5

4.1

1.1

62.1

JUN

30.0

3.3

4.7

2.4

11.8

0.6

0.5

1.1

2.2

0.0

0.0

0.3

3.1

JUL

44.0

11.0

6.1

6.7

1.4

0.5

1.4

0.1

0.5

4.3

0.7

9.2

2.1

280.5

71.2

34.1

2.1

36.8

2.2

18.1

36.5

19.1

5.2

5.6

17.4

32.2

32887.6

1655.1

12363.9

1097.9

1582.5

766.8

1148.2

5076.4

331.7

409.0

644.4

1433.8

6377.9

1,9

2.3

1.9

2.1

2.4

PHILADELPHIA

CLEVELAND

5160.6

474.0

576.0

312.7

360.2

2236.2

264.1

278.9

6570.5

230.1

2800.3

191.0

DEC

3161.8

139.0

1381.7

1975 J A N

1123.4

57.6

FEB

1299.2

MAR

974

AUG

OR

LATER

TOTAL *
AVERAGE MATURITY
IN M O N T H S 3 /

1/ SEE T E C H N I C A L

APPENDIX

2/ INCLUDES ONLY

CERTIFICATES

3/ SEE T E C H N I C A L

APPENDIX

* DETAILS

1.8

2.4

2.0

A.
ISSUED

IN D E N O M I N A T I O N S O F

B.

M A Y NOT ADD TO TOTALS DUE




1.8

RICHMOND
ATLANTA

TO R O U N D I N G .

$ 1 0 0 , 0 0 0 OR

MORE

BY W E E K L Y

REPORTING

BANKS,

2.0

1.9

1.6

1.9

T A B L E 6C
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 OF D E P O S I T
AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
A S OF 29 A U G

1/

1974

(PERCENTAGE DISTRIBUTION)

CD'S M A T U R I N G

IN

sA N

ALL
DISTRICTS

BOSTON

5.0

4.2

SEP

38.4

OCT

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

FRANCISCO

4.0

3.9

3.3

5.3

6.7

6.5

39.2

35.3

37.8

41.3

39.3

46.4

38.7

23.2

21.4

29.6

19.4

21.8

22.8

21.8

20.8

12.5

12.3

13.2

14.8

11.6

13.0

13.9

8.5

13.3

7.1

7.4

7.7

6.0

7.9

4.5

8.7

7.4

4.5

5.8

2.9

2.3

3.3

4.0

5.1

3.8

4.8

4.5

4.2

3.3

4.6

4.4

1.3

1.0

3.0

2.9

3.3

2.0

2.8

2.0

1.6

1.0

4.2

1.2

4.5

0.7

0.7

2.1

2.8

1.1

0.7

2.3

1.6

0.7

0.4

1.6

APR

1.3

2.7

1.0

1.5

2.6

2.1

2.0

0.6

2.9

0.9

1.2

1.0

1.6

MAY

0.6

2.0

0.2

0.5

1.3

1.1

0.9

0.1

2.3

1.0

0.7

0.4

1.1

JUN

0.5

1.2

0.4

0.4

1.1

0.3

0.4

0*2

0.9

0.3

0.7

0.2

0.7

JUL

0.5

0.7

0.3

0.4

0.9

0.4

0.4

0.4

0.7

0.7

0.9

3.7

0.3

AUG

0.3

1.9

0.1

0.2

0.9

0.1

0.6

0.0

0.2

0.4

0.4

0.3

0.2

1.1

0.9

0.3

2.2

8.5

0.4

1.7

0.5

6.0

0.4

0.8

1.7

0.5

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

4.9

4.0

4.4

5.3

4.8

32.8

39.8

38.6

33.7

37.4

23.5

20.3

24.1

24.5

18.3

NOV

14.0

13.0

15.1

16.7

DEC

7.5

7,0

8.9

1975 J A N

3.6

4.5

FEB

2.3

MAR

1974 A U G

SEP

2 9 — A U G 31

OR

LATER

TOTAL *

NEW
YORK

RICHATLANTA
MOND

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 I S S U E D I N D E N O M I N A T I O N S O F < 1 0 0 , 0 0 0 OR




CHICAGO

M O R E BY W E E K L Y R E P O R T I N G

BANKS.

TABLE

6D

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
AT W E E K L Y R E P O R T I N G B A N K S
BY F E D E R A L R E S E R V E D I S T R I C T
AS OF

28 A U G

CERTIFICATES

OF D E P O S I T

1/

1974

(CUMULATIVE PERCENTAGE)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

4.0

3.9

3.3

5.3

6.7

6.5

44.0

39.3

41.7

44.6

44.6

53.1

45.2

65.9

65.4

68.9

61.1

66.4

67.4

74.9

66.0

68.9

78.2

78.6

83.7

72.7

79.4

81.3

83.4

79.3

90.9

76.3

85.9

84.6

91.6

77.2

88.1

88.7

87.9

85.1

95.7

93.2

79.6

89.9

89.7

95.4

82.0

92.6

92.9

91.2

89.7

86.2

97.0

94.2

82.6

92.8

93.0

97.4

84.8

94.6

94.5

92.2

93.9

95.5

90.7

97.7

94.9

84.7

95.6

94.1

98.1

87.1

96.2

95.2

92.6

95.5

APR

96.8

93.4

98.7

96.4

87.3

97.7

96.1

98.7

90.0

97.1

96.4

93.6

97.1

MAY

97.4

95.4

98.9

96.9

88.6

98.8

97.0

98.8

92.3

98.1

97.1

94.0

98.2

JUN

97.9

96.6

99.3

97.3

89.7

99.1

97.4

99.0

93.2

98.4

97.8

94.2

98.9

JUL

98.4

97.3

99.6

97.7

90.6

99.5

97.8

99.4

93.9

99.1

98.7

97.9

99.2

AUG

98.7

99.2

99.7

97.9

91.5

99.6

98.4

99.4

94.1

99.5

99.1

98.2

99.4

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

ALL
DISTRICTS

BOSTON

5.0

4.2

SEP

43.4

OCT

CD'S

MATURING

IN

PHILADELPHIA

CLEVELAND

4.9

4.0

4.4

5.3

4.8

37.0

44.7

42.6

38.1

42.7

66.9

57.3

68.8

67.1

56.4

NOV

80.9

70.3

83.9

83.8

DEC

88.4

77.3

92.8

JAN

92.0

81.8

FEB

94.3

MAR

AUG

SEP

29--AUG

OR

31

LATER

1/ INCLUDES ONLY




CERTIFICATES

NEW
YORK

I S S U E D IN D E N O M I N A T I O N S OF

RICHATLANTA
MOND

$ 1 0 0 , 0 0 0 OR

CHICAGO

MORE BY W E E K L Y R E P O R T I N G

BANKS.

TABLE

1/

SALES

6E

2/

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
WEEKLY REPORTING BANKS
BY F E D E R A L R E S E R V E D I S T R I C T
AS

OF

28 A U G

PREVIOUS MONTH

1974

(PERCENTAGE DISTRIBUTION)

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

30.7

46 .4

42.1

43.0

48.0

46.2

20.1

26.9

14.9

15.8

18.1

25.8

18.3

19.8

19.4

19.7

17.0

24.7

20.0

17.3

17.7

12.8

10.0

7.0

10.8

5.4

9.7

11.5

3.0

7.1

2.1

3.1

3.9

4.1

5.2

4.9

2.8

3.3

2.7

3.4

2.9

1.6

5.5

6.6

4.2

4.8

3.5

2.2

2.1

1.2

5.5

0.8

0.3

0.3

0.7

0.9

0.3

0.9

0.1

0.2

0.1

0.0

0.2

0.1

0.2

0.1

0.5

0.3

0.2

0.1

0.1

0.5

0.0

0.1

0.1

0.1

MAY

0.3

0.1

0.0

0.1

0.7

0.0

0.1

0.0

0.8

0.1

0.6

0.1

1.0

JUN

0.1

0.2

0.0

0.2

0.7

0.1

0.0

0.0

0.7

0.0

0.0

0.0

0.0

JUL

0.1

0.7

0.0

0.6

0.1

0.1

0.1

0.0

0.2

1.1

0.1

0.6

0.0

0.9

4.3

0.3

0.2

2.3

0.3

1.6

0.7

5.8

1.3

0.9

1.2

0.5

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

ALL
DISTRICTS

BOSTON

SEP

41.0

40.5

OCT

20.2

NOV

CD'S

MATURING

IN

41.7

43.2

36.4

40.8

43.0

21.8

18.1

24.1

17.6

17.3

20.0

13.9

22.6

17.4

19.7

9.6

8.4

11.2

9.8

JAN

3.4

3.5

2.8

FEB

4.0

5.7

MAR

0.4

APR

1975

CLEVELAND

DEC

1974

PHILADELPHIA

AUG

OR

LATER

TOTAL *

1/ SEE TECHNICAL
?/ INCLUDES
NOTE - SALES
* DETAILS

APPENDIX

ISSUED

IN T H I S T A B L E A R E N O T




RICHATLANTA
MOND

CHICAGO

A.

ONLY CERTIFICATES

M A Y NOT ADD

NEW
YORK

TO T O T A L S D U E

IN D E N O M I N A T I O N S

A D J U S T E D FOR
TO

CD'S

OF

$ 1 0 0 , 0 0 0 OR

MORE BY W E E K L Y R E P O R T I N G

BANKS.

THAT HAVE MATURED.

ROUNDING.

r

TECHNICAL APPENDIX A
DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner:

Outstanding CD's maturing in each month of the previous survey are

subtracted from maturities in the same month of the current survey.

Those

CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.

Those CD's maturing after the last individual

month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding

quantity for a time period com-

parable to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.

Some sales

Sales of CD's between the

survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.

However, since the minimum maturity for time

deposits under current regulations is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sales are lost
from the series as derived in this manner.
Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured
between surveys and (2) the amount, if any, of sales between survey dates
that mature in the remaining days of the calendar month in which the current
survey is taken.




TECHNICAL NOTE B
CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
OUTSTANDINGS
Average maturities of outstanding negotiable time certificates of
deposit are calculated on a weighted .average basis.

All CD's are assumed to

mature in the middle of the month and those CD's maturing in the survey
month--after the survey date—are assumed to mature in the middle of the
period between the .eurvey date and the end of the calendar month in which
the survey is taken.

The weights are the quantity of CD's maturing in each

month or fraction thereof as a proportion of total CD's outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together.

All of these CD's are assumed to mature in the

middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.

That is, they

are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.

Any CD's sold between

survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.




Technical Note B (continued)
This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date.

While it appears more logical to

assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce 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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102