l41_19750303.pdf

March 3, 1975 L.A.I CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF

DEPOSITS AT LARGE WEEKLY REPORTING BANKS

as of

January 29, 1975

Banking Section Division of Research and Statistics

Board of Governors of the Federal Reserve System

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 1

1 / MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME .CERTIFICATES OF DEPOSIT AT

WEEKLY REPORTING BANKS

AS OF 29 JAN 1075

CD*S MATURING IN AMOUNT

(MILLIONS OF DOLLARS)

PERCENTAGE DISTRIBUTION

CUMULATIVE PERCENTAGE

SALES SINCE PREVIOUS MONTH 2/

(MILLIONS OF. DOLLARS

1975 JANUARY 30 - 31 4,644.4 5.1 5.1 .0 FEBRUARY 35,008*7 38.2 43.3 16,505.8

MARCH 21,050.8 23.0 66.3 7,206.4 APRIL 13,298,9 14.5 80.8 6,213.3 MAY 5,255,9 5,7 86.5 2,020.7

JUNE 3,530.6 3.9 90.4 966.2 JULY 3,494.0 3.8 94.2 2,652.6

AUGUST 902.8 1.0 95.2 415.3 SEPTEMBER 627.8 .7 95.9 312.5

OCTOBER 849.3 .9 96.8 431.3 NOVEMBER 491 .8 .5 97.3 85.7

DECEMBER 389.5 .4 97.7 135.9 1976 JANUARY 1,094.2 1.2 98 .9 1,190.4 3/

OVER 12 MONTHS 974,9 1.1 100.0 XXX TOTAL 91,613.5 100.0 XXX 38,136.0

(MEMORANDUM: TAX AND DIVIDEND M A T U R I T I E S )

MARCH 10 MARCH 17 APRIL IS

1,380.6 1,690.2 1,227.1

1.5 1.8 1.3

XXX XXX XXX

562.0 562.4 556.7

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 B A N K S . 2/ SEE TECHNICAL APPENDIX A.

3/ SALES OF CD'S MATURING AFTER 11 MONTHS, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE ?A

1 / M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T AT

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

AS OF 29 JAN 1975

IIN M I L L I O N S OF D O L L A R S !

NEW YORK CITY CHICAGO ALL OTHER WEEKLY REPORTING BANKS

CO #S MATURING IN AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH

1975 JAN 30 - JAN 31 1,561.1 .0 496.0 .0 2 467 .3 . 0

FEBRUARY 10,9 : 2.9 4,565.7 3,956.2 1,584.2 20 ,139 .6 1 0 , 3 5 5 .9 MARCH 7,332.1 2,029.3 1,994.5 560.2 11 ,724, .2 4 , 616 .9 APRIL 4,937.3 2,116.3 1,489.0 771.1 6 , 8 7 2 . 6 3 , 325 . 9 MAY 2,086.9 886.9 472.4 188.9 2 , 6 9 6 . 6 9 4 4 - 9 JUNE 1,365.0 336.1 313.9 67.9 1 , 8 3 1 . 7 562' .2 JULY 1,466.4 1,318.7 257.5 181.0 1 , 7 7 0 . 1 1 , 1 5 2 . 9 AUGUST 263.3 204.4 45.7 29.6 5 * 3 . 8 1 8 1 . 3 SEPTEMBER 140*9 84.4 17.3 7.9 6 6 9 . 6 2 2 0 . 2 OCTOBER

NOVEMBER 292.3

181.6 139.0

15.8

67.3

50.7

45.1

16.9

4 8 9 . 7 2 4 7 . 2

2 5 9 . 5 5 3 . 0

OECEMBEP 133.2 17.3 23.7 13.4 2 3 2 . 6 1 0 5 . 2 1*76 JANUARY 445.6 474.8 A3 262.1 276.7 /3 3 6 6 . 5 4 3 8 . 9 / 3

m m if m M T H s 90.0 XXX 22.4 XXX 8 62.5 XXX TOTAL # 31,228*6 12,188*7 9,468.7 3,742.9 5 0 , 916.2 22 , 2 0 4 . 4

NUMBER m REPORTING BANKS 12 11 2 3 3 1MEMORANDUMS TAX AND DIVIDEND MATURITIES) !

i !

1 1

Hi !

i

487.2 705.7 626.5

113.3 212.3 245.6

110.0 116.3 163*1

24.8 38.6 92.8

7 8 3 . 4 4 2 3 . 9 8 6 8 . 2 3-11 . 5 4 3 7 . 5 218 . 3

>

1/ INCtWffS ONLY CtRIIFICAtfS IN DfHOPINATION OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

2/ SEE IfCMNIfAl A&PfNr;% A.

3/ t A H : A# C " *** Aft - :

# W A L S M A Y N Q I OUI $0


I

T A B L E 2P

1 / MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT

NEW YORK CITY, CHICAGO* AND ALL OTHER WEEKLY REPORTING BANKS AS OF 29 JAN 1975 AND 25 DEC 1975

CPERCENTAGE DISTRIBUTION!

C O * S M A T U R I N G IN N E W Y O R K C I T Y C H I C A G O ALL OTHER

C O * S M A T U R I N G IN 29 J A N 25 D E C 29 J A N 25 D E C 29 JAN 25 DEC

0 - 6 D A Y S 2 / *.0 8,0 *.2 7.5 5.1 9.0 01 M O N T H S 3 / 34,9 36,9 41 ,8 39.8 39.5 39.3 02 M O N T H S 23.5 20,0 21,1 23.9 23.0 19.4 03 M O N T H S 15,8 16,7 15,7 14.5 13.5 14.1 04 M O N T H S 6,7 8,9 5.0 7.2 5.3 7.0 09 MONTHS 4,4 3,8 3,3 2.9 3.6 3.5 06 M O N T H S 4,7 3,3 2.7 2.5 3.5 2.5 07 MONTHS ,8 .5 ,5 .8 1.2 1.2 08 M O N T H S ,5 ,2 ,2 .2 .9 .8 0 * M O N T H S ,# ,2 ,7 .1 1.0 .5 10 MONTHS .6 .5 .5 2 .5 .5 II M O U T H S .4 ,5 ,3 .3 .5 .4 12 M O N T H S 1.4 ,4 2,8 .1 .8 .3

O V E R 12 M O N T H S ,3 ,2 ,2 .1 1.7 1.6 TOTAL * 100,0 100,0 100.0 100.0 100.0 1C0.0

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

?/ N t W F * OF DAYS REMAINING IN SURVEY MONTH, THIS PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH,

1/ NWMRf# OF MONTHS FOLLOWING THE Y MONTH. * TOTALS *AY NOT ADO OWE TO *Ol*#n .


TABLE 2C

1 / W I T H I T V r i S T B I B U T l 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 N E C E R T I F I C A T E S OF D E P O S I T A T

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

AS OF 2 9 J A N 1975 A N D 25 DEC 1975

( C U M U L A T I V E D I S T R I B U T I O N !

N E W Y O R K C I T Y C H I C A G O ALL OTHER C O * S M A T U R I N G IN ~

29 J A N 25 D E C 2 9 J A N 25 D E C 29 JAN 25 DEC

0-6 DAYS 2/ 5,0 8 . 0 5 . 2 7 . 5 5.1 9 . 0 01 MONTHS 3/ 3 9 . 9 4 4 . 9 4 7 . 0 4 7 . 3 4 4 . 6 4 8 . 3 0 2 M O N T H S 6 3 . 4 6 4 . 9 68.1 7 1 . 2 67.6 6 7 . 7

03 MONTHS 7 9 . 2 8 1 . 6 8 3 . 8 8 5 . 7 81.1 81.8 04 MONTHS 8 5 . 9 9 0 . 5 8 8 . 8 9 2 . 9 8 6 . 4 88.8 0 5 M O N T H S 9 0 . 3 9 4 . 3 92.1 9 5 . 8 9 0 . 0 9 2 . 3

0 6 M O N T H S 95.0 9 7 . 6 9 4 . 8 9 8 . 3 9 3 . 5 9 4 . 8 0 7 M O N T H S 95.8 98.1 95.3 99.1 9 4 . 7 9 6 . 0 0& MONTHS 96.3 9 8 . 1 95.5 9 9 . 3 9 5 . 6 9 6 . 8 0 9 M O N T H S 9 7 . 2 98.5 9 6 . 2 9 9 . 4 9 6 . 6 9 7 . 3 10 MONTHS 9 7 . 8 9 9 . 0 9 6 . 7 9 9 . 6 97.1 9 7 . 8 11 MONTHS 9 8 . 2 99.5 9 7 . 0 9 9 . 9 9 7 . 6 9 8 . 2 12 M O N T H S 9 9 . 6 9 9 . 9 9 9 . 8 1 0 0 . 0 9 8 . 4 9 8 . 5

O V E R 1 2 M O N T H S 100.0 100.0 100.0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0

1 / I N C L U D E S O N L Y C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E 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 *

t i NISMBE* 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 P E R I O D V A R I E S W I T H THE NUMBER OF D A Y 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 THE M O N T H .

3 / N U M B E R OF M O N T H S F O L L O W I N G THE S U R V E Y M O N T H .


FABLF 31 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/

AS OF 29 JAN 1975 (AMOUNTS IN MILLIONS OF D O L L A R S ) ,

$1 BILLION AND OVER

$200 $200 MILLION $500 MILLION PRIME 3/ C O * S M A T U R I N G IN TOTAL MILLION TO TO

AND UNDER $500 MILLION $1 PILLION TOTAL OUTSIDE NON-PRIME NEW YORK NEW YORK

CITY CITY

1975 J*U 30-31 4,644.4 208.8 583.1 6 3 5 . 5 3 , 2 1 7 . 0 1 , 4 3 8 . 1 1 , 2 7 0 . 1 5 0 8 . 8

FEBRUARY 35*008.7 1*689.8 3,945.7 4 , 9 6 8 . 4 2 4 , 4 0 4 . 8 1 0 , 3 9 0 . 4 1 0 , 6 1 9 . 8 3 , 3 9 4 . 6

MARCH 21*050.9 885.7 2*241.4 2 , 8 7 7 . 5 1 5 , 0 4 6 . 3 6 , 7 5 0 . 1 6 , 1 5 2 . 7 2 , 1 4 3 . 5

A P I I t 1 3 * 2 9 8 . 8 599.4 1 * 4 6 6 . 3 1 , 7 0 1 . 5 9 , 5 3 1 . 6 4 , 6 6 1 . 4 3 , 5 9 6 . 3 1 , 2 7 3 . 9

M A Y 5 * 2 5 5 . 8 260.3 504.2 655.4 3 , 8 3 5 . 9 2 , 0 1 3 . 2 1 , 3 4 2 . 0 4 8 0 . 7

JUNE 3*530.5 153.0 3*8.1 433.7 2 , 5 8 5 . 7 1 , 3 4 0 . 3 8 2 5 . 6 ^ ^ 8

JULY 3*493.9 1 3 2 . 6 3 1 1 . 5 271.4 2 , 7 7 P . 4 1 , 4 3 0 . 6 8 9 1 . 8 4 5 6 . 0

AUGUST 902.7 45.6 9 4 . 0 111.3 6 5 1 . 8 2 6 0 . 3 2 6 2 . 8 1 2 8 . 7

SEPTEMBER 6 2 7 . 8 39.0 8 5 . 1 8 6 . 4 4 1 7 . 3 1 4 0 . 1 1 8 1 . 6 9 5 . 6

OCTOBER 8 4 9 . 2 25.0 7 2 . 9 9 9 . 4 6 5 1 . 9 2 9 0 . 3 2 7 2 . 5 8 9 . 1

NOVEMBER 4 9 1 . 8 20.9 53.4 6 8 . 2 3 4 9 . 3 1 7 5 . 7 1 3 4 . 1 3 9 . 5

DECEMBER 389.5 13.9 4 6 . 9 7 2 . 9 2 5 5 . 8 1 3 1 . 7 6 2 . 8 6 1 . 3

1976 JANUARY 1*094.1 32.1 62.2 82.7 917.1 416.4 352.7 148.0

FEBRUARY CP LATER 974.8 74.2 92.0 228.8 579.8 81.3 384.1 114.4

TOTAL * 91,612.9 4*180.3 9,916.8 12,293.1 65,222.7 29,519.9 26,348.9 9,353.9

| MEMORANDUM $ TAX AND DIVIDEND MATURITIES)

MARCH 10 1*380.5 63.7 121.5 215.0 980.3 455.1 383.0 1 ^ ^ 2

M A R C H N 1*690.1 65.6 132.0 173.1 1,319.4 587.2 455.4 276.8

APRIL 15 1*227.2 27.6 70.1 93.2 1,036.3 549.5 338.7 148.1

- (MEMORANDUM! NUMBER OF BANKS)

256 85 84 5 0 3 7 7 12 1 8

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DFPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME PAN*S ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF OF POSIT ARF REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE

REPOCTe^ PV NF AtfttS TO TP Af>F WITHIN I OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. * TOTAL? *AY NOT DUE TH ROUNDING.


TABLE 36 SALES / I / OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/

AS OF 29 JAN 1975 I AMOUNTS IN MILLIONS OF DOLLARS)

$1 BILLION AND OVER

$200 $200 MILLION $500 MILLION PRIME 4/ CD'S MATURING IN TOTAL MILLION TO TO

AND UNDER $500 MILLION $1 BILLION TOTAL OUTSIDE NON -PRIME NEW YORK NEW YORK

CITY CITY ( 1 9 7 5 JAW 3 0 - 3 1

FEBRUARY 16,505.8 993.8 2,169.0 2,538.7 10,804.3 4,307.1 4,517.5 1 ,979.7 MARCH 7,206.6 4 3 1 . 6 950.3 1,285.0 4,

TABLE 3C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/

AS OF 29 JAN 1*75 PERCENTAGE DISTRIBUTION

$1 BILLION ANC I OVER

$200 $200 MILLION $500 MILLION PRIME 3/ CD'S MATURING IN TOTAL MILLION TO TO

AND UNDER $500 MILLION $1 BILLION TOTAL OUTSIDE NON-PRIME NEW YORK NEW YORK

CITY CITY

1 9 7 5 J A N 30-31 5 . 1 5 . 0

I I I I

! 5.2 4.9 4.9 4.8 5.4

FEBRUARY 38.2 4 0 . 4 39.FI 40.4 37.4 35.2 40.3 36.3 M A R C H 2 3 . 0 2 1 . 2 22.6 23.4 23.1 22 .9 23.4 22.9 APRIL 1 4 . 5 1 4 . ? 14.8 13.8 14.6 15.E 13.6 13.6 MAY %.? 6 . 2 5.1 5.3 5.9 6.8 5.1 JUNE 3.9 3.7 3.6 3.5 4.0 6.5 3.1 4 * F JULY 3.8 3 . 2 3.1 2 .2 4.3 4 .8 3.4 4.9 AUGUST 1.0 1.1 C .9 0.9 1.0 0.9 1.0 1 .4 SEPTEMBER 0 . 7 0.< 0.9 0.7 0.6 0.5 0.7 1.0 OCTOBER 0.9 0.6 0 . 7 0.8 1.0 1.0 1 .0 1.0 NOVEMBER 0.5 0.5 0 . 5 0.6 0.5 0 .6 0.5 0.4 DECEMBER 0.4 0.3 0.5 0.6 0.4 0 .4 0.2 0.7

1976 J A N U A R Y 1 . 2 0.8 0.6 0.7 1 .4 1 .4 1.3 1.6 FEBRUARY OR LATER 1.1 1 . 8 0.9 1.9 0.9 0.3 1 .5 1.2

TOTAL * 100.C 1 0 0 . 0 100.0 100.0 100.0 100.0 100.0 100.0 f MCMOD AluntiU* TIV AMH hfuTncun MtTiiDTTTCCi

T # -M A R C H 10 1.5 1.5 1.2 1.7 1.5 1 .5 1 .5 I . F M A R C * 17 1.8 1.6 1.3 1.4 2.0 2 .0 1 .7 3.0 APRIL 1 5 1.3 0 . 7 0.7 0.8 1.6 1 .9 1.3 1.6

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S . 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE

REPORTED PY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. * TOTALS Mf.' NOT ADD DUE 10 ROUNDING.


TABLE 30 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/

AS OF ZO JAN 1975 CUMULATIVE PERCENTAGE

CD'S M A T U R I N G IN TOTAL

$1 BILLION AND OVER

$200 MILLION

$200 MILLION TO

$500 MILLION TO

PRIME 3/

AND UNDER $500 MILLION $1 PILLION TOTAL NEW YORK

CITY

OUTSIDE NEW YORK

CITY

NON-PRIME

JAN 30-31 5.1 5.0 5.9 5.2 4.9 4.9 4.8 5.4 |

FEBRUARY 43.3 45.4 45.7 45.6 42.3 40.1 45.1 41.7

MARCH 66.3 66.6 68.3 69.0 65.4 63.0 68.5 64.6

APRIL 80.B 80.9 83.1 82.8 80.0 78.8 82.1 78.2

MA V 86.5 87,1 88.2 88.1 85.9 85.6 87.2 83.3

JUNE 9 0 . 4 90.8 91.R 91.6 89.9 90.1 90.3 87.8

JULY 94.2 94.C 9 4 . 9 93.8 94.2 94.9 Q3.7 92.7

AUGUST 95.2 95.1 95.8 94.7 95.2 95.F 94.7 94.1

SEPTEMBER 95.9 96.0 9 6 . 7 95.4 95.8 96.3 95 .4 95.1

OCTOBER 96.8 96.6 97.4 96.2 96.8 97.3 96.4 96.1

NOVEMBER 97.3 97.1 9 7 . 9 96.3 97.3 97.9 96.9 96.5

DECEMBER 97.7 97.4 9 8 . 4 97.4 97.7 98.3 97.1 97.2 ^

98.8 JANUARY 98.9 98.2 9 9 . 0 98.1 99.1 99.7 98 .4

97.2 ^

98.8

FEBRUARY OR LATFR 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS R EPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE

REPORTED BY DEALERS T O TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.


TABLE 3E SALES /I/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/

AS OF 29 JAN 1975 PERCENTAGE DISTRIBUTION

$1 BILLION AND OVER

CD'S MATURING IN TOTAL *200

MILLION AND UNDER

$200 MILLION TO

$500 MILLION

$500 MILLION TO

$1 BILLION

PRIME 4/ CD'S MATURING IN TOTAL

*200 MILLION

AND UNDER $200 MILLION

TO $500 MILLION

$500 MILLION TO

$1 BILLION TOTAL NEW YORK

CITY

OUTSIDE NEW YORK

CITY

NON-PRIME

1975 JAM 30-31 FEBRUARY 43 #3 46.5 47.5 46.5 41.6 37.1 44.6 46.8 MARCH IB.9 20.2 M O CO 23.5 17.5 16.4 18.6 17.8 APRIL 16.3 16.0 16.4 16.2 16.2 17.4 16.1 13.0 MAY 5.3 5.2 4.3 4.5 5.6 7.4 4.0 4.8

JUNE 2.5 2.3 2.4 3.1 2.5 2.8 1.7 3-A # JULY 7.0 4.3 4.8 3.1 8.4 11 .2 6.1 5.8 AUGUST 1.1 0.4 0.7 0.4 1.4 1.7 1.0 1.2 SEPTEMBER 0.8 0.5 0.3 0.5 1.0 0.7 1.3 1.1 OCTOBER 1.1 0.3 0.7 0.4 1.4 1.2 1.8 1.1 NOVEMBER 0.2 0.2 0.1 0.1 0.3 0.1 0.5 0.2 DECEMBER 0.4 0.3 0.3 0.4 0.4 C.l 0.4 0.8

1976 JANUARY OR LATER 3.1 1.8 1.6 1 .4 3.9 3.8 3.9 4.0 TOTAL # 100.0 100.0 100. 0 100.0 100.0 100.0 100.0 100.0

IMEMORANDUM: TAX AND DIVIDEND MATURITIES) - ~ MARCH 10 1.5 1.6 1.1 2.4 1.3 0.9 1.6 1,8 m MARCH 17 1.5 1.6 1.3 1.1 1.6 1 .8 1.2 1.6

APRIL I * 1.5 0.9 0.9 1 .1 1.7 2.0 1.7 0.8 1MEMORANDUM: MftfllOCO nC fiilitf C 1 __ 1MEMORANDUM:

256 85 84 50 37 7 12 18

1/ SEE VffHN!CAl APPENDIX A. 2/ INCU'Df S f IN Df NOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 3/ TOT#* M P n At afPf*?:; IN THE CALL REPORT OF CONDITION ON DECEMBER 31, l^fs. 4/ P*l*' Af wt-'iM IfGHlfAFLF CERTIFICATES OF FF POSIT ARF REGARDED AS REING OF THE HIGHEST QUALITY AND WHICH ARE

Rfpntifr ** liACF W i l m s 1 OR ? BASIS pn?4T5 D" EACH OTHER WITHIN THE SECONDARY MARKET. * ?O*A4S \NI AD? FW** ;N BOUNDING.


TABLE 4A

AVERACF MATURITY

OF

OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

AT WEEKLY REPORTING PANKS

AT VARIOUS SURVEY DATES

fIN MONTHS)

DATE OF SURVEY f* AWK CLASSIFICATION

? JAW !7F 2* DEC 1974 27 NOV ]o?4

fY LOCATION)

ALL PEPORTING PANKS

ISSUING CD'S 2.1 2.0 2.1

NEW YORK CITY 2.1 2.C 2.0

CHICAGO 2.0 l.P 2.0

OTHER 2.1 2.1 2.2

CPY SIZE OF BANK) 2/

UNDER *200 MILLION 2.1 1.0 2.1 $?eo~s5oe MILLION 2.0 1.9 2.0 iSOO-FI#000 MILLION 2.0 2.0 2.1 OVER $1 PILLION 2.1 2.0 2.1

PRIME IN N E W YORK CITY 3/ 2.2 2.0 2.0

PRIME OUTSIDE NFW YORK CITY 3/ 2.1 2.0 2.2 NON-PRIME 2.3 2.1 2.2

/ 5 KC t u m ' r If At IN nt N^M!^#T10NS OF $100,000 NP MORE IS5UFH BY WEEKLY REPORTING BANKS . / T T&I 1 A Y+,F CALL PFPOPT F)F CONDITION ON DECEMBER ?1, 1965.

/ ALL *. . , o: :(.( CERTIFICATES OF OFOS*T &PC PFGAPNCN AS BEING OF TWF HIGHEST CUALITY AND ) TO T*A(* WLLH|N 1 OR 2 *AS?S PM'ITS IF EAC* OTHFR WITWIN TWC SECONDARY MARKET.


TABLE 4P A V E R A G E M A T U R I T Y

OF

N E G O T I A B L E T J M E C E R T I F I C A T E S OF D E P O S I T 1/

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

DURING THE MONTH OF VARIOUS SURVEYS (IN M O N T H S )

DATE OF S U R V E Y

29 J A N 1975 25 DEC 1 9 7 4 2 7 NOV 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

ISSUING C D ' S 2.3 2 . 0 2.1

N E W YORK C I T Y 2.6 2.2 2 . 4

C H I C A G O 2.6 2 . 0 2 .3

OTHER 2.1 1 .9 2.0

(BY SIZE OF B A N K ) 2 /

UNDER $ 2 0 0 M I L L I O N 1 .9 1.7 1.8

$ 2 0 0 - 5 5 0 0 M I L L I O N 1 . 9 1 .9 1.9

$ 5 0 0 - $ I , 0 0 0 M I L L I O N I .8 1.9 2 .0

OVER $1 B I L L I O N 2.5 2.1 2 . 2

P R I M E IN N E W YORK C I T Y 3/ 2 . 7 2 . 2 2.4

PRIME O U T S I D E N E W Y O R K C I T Y 3 / 2.4 1.9 2.1

N O N - P R I M E 2 . 4 2 . 0 2.0

1 / IS

TABLE 5A

RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

TO TOTAL DEPOSITS

AT VARIOUS SURVEY DATES

(PER CENT)

DATE OF SURVEY

TOTAL DEPOSITS 2/ (IN MILLIONS OF D O L L A R S ! 29 J A N 197* 25 DEC 1974 27 NOV 1974

ALL BANKS ISSUING CD'S 25.7 25.5 24.3

UNDER 200 16.2 15.5 15 .8 200 - 500 20.5 19.9 19.8 500 - 10CC 20.6 20.5 20.5 OVER 1000 29.3 29.2 27.3

PRIME IN NEW YORK 3/ 33.4 33.9 31 .3 PRIME OUTSIDE NEW YORK 3/ 27.7 27.4 25.9

NONPRIME 23.9 23.0 21 .5

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $1C0,000 PR MOPE ISSUED SY WEEKLY REPORTING BANKS.

2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS.


TABLE 5B

RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

TO TOTAL DEPOSITS

AS OF 29 JAN 1975

(NUMBER OF BANKS)

TOTAL DEPOSITS 2/

U N MILLIONS OF D O L L A R S )

5* OR

LESS

5 TO 10*

10 10

15%

15 TO

20* 20 25* AVERAGE CO TO OR TO DEPOSIT

25* MORE RATIO (PER CENT)

ALL BANKS ISSUING CD'S 38 15 33 45 42 83 25.7

UNDER 200 10 9 20 19 12 15 16.2

200 - 500 17 4 6 12 15 30 20.5

500 - 1000 9 1 5 8 9 18 20.6

OVER 1000 2 1 2 6 6 20 29.3

PRIME IN NEW YORK 3/ 0 0 0 0 1 6 33.6

PRIME OUTSIDE NEW YORK 3/ 0 0 0 2 3 7 27.7

NONPRIME 2 1 2 6 2 7 23.9

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER ?1, 1965.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING CF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .

NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK A N D U . S . G OVERNMENT DEPOSITS.


TABLE 5C

PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I

25 DEC 1974 TO 29 JAN 1975

(NUMPE* OF BANKS )

DECLINES OF INCREASES OF TOTAL DEPOSITS 2/ REDUCED ______ ISSUED CD'S BUT

CD'S TO 10* OR 5 TO 5* OR NO 5% OR 5 TP 10? OR HAD NONE OUTSTA! U N MILLIONS OF OOL LARS) ZERO MORE lOt LESS CHANGE LESS 10* MORE ING ON BASE OA'.

ALL BANKS ISSUING CD'S 7 2P 27 49 5 45 43 56 3

UNDER 200 5 I? 4 IS 1 If 11 22 1 200 - 500 2 8 11 12 3 1& 14 22 0

500 - 1000 0 6 5 12 1 11 P 6 1 OVER 1000 0 2 7 7 0 4 10 6 1

PRIME IN NEW YORK 3/ 0 0 2 2 0 1 1 1 0 PRIME OUTSIDE NEW YORK 3/ 0 1 2 2 0 1 5 1 0 NONPRIME 0 1 ? ? 0 2 4 4 1

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MOPE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965. 3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND

WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR ? BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. Nnre- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT

HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.


TABLE 50

PER CENT CHANCE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I

30 OCT 1974 TO 29 JAN 1975

INUMBER OF BANKS)

TOTAL DEPOSITS n REOU- DECLINES OF INCREASE OF ISSUED lift MILLIONS OF DOLLAR SI CD'S 25% 20 15 If 5 5% NO 5% * 10 15 20 252 NONE

TO ZERO

OR MORE

TO 25?

TO 20%

TO 15%

TO lot

OR LESS CHANGE

OR LESS

TO 10%

TO 15%

TO 20%

TO 25%

OR MORE

OUTS! A; ON BASE

ALL BANKS ISSUING CD'S 7 19 4 5 17 24 38 3 29 36 21 17 14 26

UNDER 200 5 6 3 2 4 11 9 1 9 17 2 6 5 9 1

200 * 500 2 7 1 2 6 4 11 2 11 10 12 6 3 9 0 500 * 1000 0 6 0 1 4 6 9 0 7 4 3 3 2 4 1 OVER 1000 0 C 0 0 3 3 9 0 2 5 4 2 4 4 1

PRIME IN NEW YORK 3/ 0 0 0 0 0 0 2 0 2 0 1 1 1 0 0 PRIME OUTSIDE NEW YORK 3/ 0 0 0 0 1 1 4 0 0 1 2 0 1 2 0 NONPRIME 0 0 0 0 2 2 3 0 0 4 1 1 2 2 1

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 196=.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN I OR 2 BASIS PHINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

MOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO,


TABLE 5E

CHA JGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS

AT THE BEGINNING OF THE PERIOD 25 DEC 1974 TO 29 JAN 1975

TOTAL DEPOSITS 2/

(NUMBER OF BANKS!

DECLINES OF INCREASES CF

U N MILLIONS OF DOLLARS 1 3t 2 1 It AND TO TO AND OVER 3 % 2% LESS

ALL BANKS ISSUING CD'S 13 9 29 54 ! 1 1 1 1 1 l ! 1 1 1 i 1 1 - _______

UNDER 200 4 3 3 24 200 -

TABLE 5F

CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT \/ OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS

AT THE BEGINNING OF THE PERIOD 30 OCT 1974 TO 29 JAN 1975

TNUMBER OF BANKS)

TOTAL DEPOSITS 2/ DECLINES OF INCREASES OF IIN MILLIONS OF DOLLARSI 5 * 4 3 2 1 If NO IT 1 2 3 4 5%

AND TO TO TO TO AND CHANGE AND TO TO TO TO. AND OVER 5* 4% 3* 2% LESS UNDER 2% 2% 4S 5* OVER

ALL BANKS ISSUING # T CD'S 9 4 8 13 31 44 3 41 28 20 13 11 28

UNDER 200 3 1 1 3 13 14 1 13 16 7 4 1 7 200 - 500 4 2 3 4 8 11 2 17 7 6 5 6 9

500 - 1000 2 1 2 5 6 11 0 7 3 3 4 1 4 OVER 1000 0 0 2 1 4 8 0 4 ? 4 0 3 8

PRIME IN NEW YORK 3 / 0 0 0 0 1 1 0 2 0 0 0 1 2 PRIME OUTSIDE NEW YORK 3/ 0 0 1 0 1 4 0 0 0 2 0 1 3 NONPRIME 0 0 1 I 2 3 0 2 2 2 0 1 3

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1965.

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF FACH OTHER WITHIN THE SECONDARY MARKET.

NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS.


TABLE 6A

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS

BY FEDERAL RESERVE DISTRICT

AS OF 29 JAN 1975

(AMOUNTS IN MILLIONS OF DOLLARS)

CO*S MATURING IN ALL DIS-

TRICTS BOSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

M I N N E -APOLIS

KANSAS CITY DALLAS

SAN FRAN-CISCO

1975 JAN 30-JAN 31 4 6 4 5 . 3 2 3 0 . 1 16 94.* 204.O 196.2 147 .4 2 2 7 . 2 669.2 3 3 . 8 5 2 . 3 1 1 3 . 4 2 1 3 . 8 862. 1

FEB 3 500*.2 1 7 7 7 . 2 12 4 5 2 . 1 1 4 9 6 . 9 1605.6 8 7 8 . 6 1386.9 5426.1 3 8 2 . 5 3 0 3 . 2 7 5 7 . 1 1 7 2 1 . 0 6 8 1 6 . 0

MAR 21050.6 1 0 2 3 . 5 7 * 6 6 . 1 7 2 5 . Q 982.5 58P.1 7 9 3 . 8 2 8 8 3 . 4 226.0 1 6 5 . 3 430.0 1 0 9 9 . 3 4 1 6 6 . 3

APR 3 3 2 9 7.7 611.9 5 239.1 448.7 6 7 4 . 1 382.6 6 1 3 . 3 1 9 5 9 . 3 1 5 7 . 4 9 9 . 5 2 7 6 . 2 7 0 0 . 8 2 1 3 4 . 6

MAY 5 2 5 5 .7 2 9 5 . 9 2 1*5.2 219.0 232.4 1 5 3 . 5 219.1 6 5 4 . 1 5 7 . 5 = 5 . 8 102.4 1 8 4 . 9 8 9 5 . 9

JUN 3530.0 194.9 1485.4 1 9 9 . 3 216.4 9 0 . 4 1 4 6 . 9 4 3 5 . 6 3 8 . 1 1 7 . 1 7 7 . 8 1 3 0 . 0 4 9 8 . 1

JUL 3 4 9 3 . 9 1 6 5 . 5 ! e 1 1 . ? 1 3 8 . 5 245.5 7 7 . 7 141.6 3 5 9 . 9 2 9 . 5 12.6 6 0 . 8 270.4 4 8 0 . 6

AUG Q 0 3.1 149.3 274.C 7 0 . 0 6 8 . 8 9 . 1 3 8 . 1 6 6 . 6 4 . 5 5 . 8 2 0 . 2 4 2 . 9 1 5 2 . 4

SEP 628.0 61.4 4 7 . 6 4 6 . 2 14.0 1 7 . 3 43.9 1 9 . 5 1 . 8 2 1 . 5 3 7 . 3 1 6 6 . ^

1 2 2 . 5 OCT 8 4 9 , 3 9 6 . P 2

TABLE 6P 1/ 2/

SALES 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 SINCE PREVIOUS MONTH 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 29 JAN 1975

I AMOUNTS IN M I L L I O N S OF D O L L A R S )

C D ' S M A T U R I N G IN ALL D I S -

TRICTS B O S T O N NEW YORK

PHILA-DELPHIA

C L E V E -L A N D

R I C H -MOND ATLANTA

CHI-CAGO

ST. LOUIS

M I N N E -A P O L I S

KANSAS CITY DALLAS

SAN F R A N -CISCO

1975 FEB 16505 .3 9 3 0 . 7 5604 .8 860.4 7 9 2 . 2 433.5 706.9 2380.6 209.2 115.3 429.7 972.9 3 0 1 1 . 1 M A R 7206.1 369.9 2414 .8 2 6 4 . 0 424.2 252.2 2 8 4 . 5 9 8 6 . 4 107.3 1.8 18.1 547.8 1365.J| APR 6 2 1 1 . C 268.? 2322 .0 183.0 307.8 17R.4 317.1 1060.0 61.8 11.7 151.6 453.2 89 7 . V

M A Y 1020.^ 83.3 937 .2 112.0 83.4 56.5 82.9 2 8 7 . 9 16.4 14.8 45.2 106.3 194.6

JUN 965.F 6 5 . 9 275 .1 62.8 72.% 45.4 36.6 89.5 10.1 1.2 23.7 6 5 . 4 117.8

JUL 2652.6 113.2 1350 .0 90.1 123.4 52.6 108.5 261.6 20.1 1.8 39.4 109.5 381.5

AUG 419.2 2 7 . 6 711.2 4 4 . 0 10.1 2.4 8.2 3 9 . 9 2.3 1.7 4.3 10.7 56.8

SEP 312.', 3 2 . 8 8 8.5 15.5 3.8 7.2 3.9 12.5 8.3 0.7 1.9 14.6 122.8

OCT 432.1 64.0 140.3 32.0 15.6 0.5 8.8 51.6 4 . 3 0.5 2.7 18.8 93.0

NOV SF.6 2 3 . 6 15.9 3.2 7.0 0. 1 1.7 15.8 0.5 0.0 1.2 2.3 14.3

DEC 136.0 2C.3 20.< 5.1 3.4 6 . 4 15.6 1.4 1.3 2.7 13.9 21.7 J A N OR LATER 1190.2 69.3 49 5.3 52.0 26.5 12.7 20.2 287.6 11.7 16.9 22.6 4 8 . 6 136.7

TOTAL * 3 8137.6 2126.9 13966 .5 1742.7 1 8 7 1 . 4 1 0 4 4 . 9 1585.8 5 4 8 9 . 0 4 5 2 . 4 167.7 914.1 2364.0

A V E R A G E M A T U R I T Y IN M O N T H S 3/ 2.3 2 . 4 2 . 4 2.3 2.0 1.9 2.0 2.3 2.0 2.3 1.9 2.0

6 4 1 2 ^

2.1

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

2 / I N C L U D E S O N L Y C E R T I F I C A T E S ISSUED IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MPRE BY W E E K L Y REPORTING B A N K S .

3/ SEE T E C H N I C A L A P P E N D I X B.

* DETAILS M A Y N O T A D D TO T O T A L S DUE TO R O U N D I N G .

1


TABLE 6C



AS OF 29 JAN 197*

I PERCENTAGE DISTRIBUTION)

CD'S MATURING IN ALL DIS-

TRICTS BOSTON NEW PHILA-YORK DELPHIA

C L E V E -LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUI S

MINNE-APOLIS

KANSAS CITY DALLAS

SAN ^ FRAN-CISCO

1975 JAN 30-JAN 31 5.1 4.8 5.0 5.5 4.1 6.2 6.0 5.1 3.2 7.0 5.9 4.6 5.2

FEB 38.2 37.2 36.4 39.8 33.4 36.E 36.9 41.7 36.7 41.0 39.2 37.3 41.0

MAR 23.0 21.4 23.3 L.3 20.4 24.6 21.1 22.1 21.7 22.0 22.3 23.8 25.1 APR 14.5 12.M 15.3 11.9 14.0 16.0 16.3 15.0 15.1 13.2 14.3 15.2 12.8 MAY 5.7 6.2 6.4 5.8 4.8 6.4 5.8 5.0 5.5 7.4 5.3 4.0 5.4 JUN 3.8 4.1 4.3 5.3 4.5 .6 3.9 3.3 3.7 2.3 4.0 2.8 3.0 JUL 3.8 3.5 4.4 3.7 5.1 3.3 3.8 2.8 2.8 1.7 3.1 5.9 2.9 AUG 1.0 3.1 0.8 1.9 1.4 0.4 1.0 0.5 0.4 0.8 1.0 0.9 0.9 SEP 0.7 1.3 0.4 1.3 1.0 0.6 0.5 0.3 1.9 0.2 1.1 0.8 1.0

OCT 0.9 2.0 0.9 1.1 1.4 0.4 0.9 0.7 1.1 1.3 0.7 1.1 O . - W

NOV 0.5 1.1 0.5 0.3 1.1 0.2 0.5 0.6 0.3 0.3 0.6 0.4 0.3

DEC 0.4 n.& 0.4 0.9 0.4 0.4 0.7 0.2 1.2 0.3 0.4 0.6 0.3 1976 JAN 1.2 1.0 1.3 1.4 0.4 0. 5 0. 5 2.1 1.0 2.2 0.6 1.1 0.8

FEB OP LATER 1.1 1.0 0.3 1.8 8.0 0.4 2.1 0.3 5.4 0.3 1.4 1.4 0.6 TOTAL * 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

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.


TABLE 60



AS OF 29 JAN 1975

(CUMULATIVE PERCENTAGE)

CO*$ MATURING IN ALL SAN OIS- NEW PMILA- CLEVE- RICH- CHI- ST. MINNE- KANSAS FRAN-

TRICTS BOSTON YORK DELPHIA LAND MONO ATLANTA CAGO LOUTS APOLIS CITY DALLAS CISCO IIT5 JAN BOJAN 31 5.1 4.8 5.0 5.5 4.1 6.2 6.0 5.1 3.2 7.0 5.9 4. 6 5.2

FEB 43.3 42.0 41.4 45.3 37.5 43.0 42.* 46.8 39.9 48.0 45.1 41.9 46.2 MAR 66.3 63.4 64.7 64.6 57.9 67.6 64.0 68.9 61.6 70.0 67.4 65.7 71.3 APR 80.8 76.2 80.0 76.5 71.9 83.6 80.3 83.0 76.7 83.2 81.7 80.9 84. 1 MAY B6.5 82.4 86.4 82.3 76.7 90.0 86.1 88.0 82.2 90.6 87.0 84.9 89 JUN 90.3 86.5 90.7 87.6 81.2 93.8 90.0 92.2 85.9 92.9 91.0 87.7 92.5 JUL 94.1 90.0 95.1 91.3 86.? 97.1 93.E 95.0 88.7 94.6 94.1 93.6 95.4 AUG 95.1 93.1 95.9 93.2 87.7 Q7.5 94.8 95.5 89.1 95.4 95.1 94.5 96.3 SEP 95.8 94.4 96.3 94.5 88.7 98.1 9*.3 95.8 91.0 95.6 96.2 95.3 07.3 OCT 96.7 96.4 97.2 95.6 90.1 98.5 96.2 96.5 92.1 96.9 96.9 96.4 98.0 NOV 97.2 97.5 97.7 95.9 91.2 98.7 96.7 97.1 92.4 07.2 97.5 96.8 98.3 EC 97.6 98.1 98.1 96.8 91.6 99.1 97.4 97.3 93.6 97.5 97.9 97.4 98.6

1976 JAN 98.8 99.1 99.4 98.2 92.0 99.6 97.Q 99.4 04.6 99.7 98.5 98.5 SV.4 FEB OR LATER 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

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.


TABLE 66 1/ 2/

SALES fIF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTINC *ANKS


AS OF ?9 JAN 1975 (PERCENTAGE DISTRIBUTION!

0*S MATURING IN ALL DIS-

TRICTS BOSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CARD

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN ^ F R A N - * C I S C O ^

It?S FEB 43.3 46.5 40.0 49.4 42.3 41.5 44.6 43.4 46.0 68.8 47.0 41.2 47.0 MAR 16.9 1T.3 17.2 15.1 22.7 24.1 17.9 16.0 23.7 1.1 20.7 23.2 21.3 A M 16.3 12.6 16.6 10.5 16.4 17.1 20.0 19.3 13.7 7.0 16.6 19.2 14.0 MAY 5.3 3.9 6.8 6.4 4. 5 5.4 5.2 5.2 3.6 8.8 4.9 4.5 3.0 JW 2.9 3.1 2.6 3.6 3.9 4.3 2.? 1.6 2.2 C.7 2.6 2.8 1.8 JUL T.O 5.3 9.8 5.2 6.6 5.0 6.8 4.8 4.4 1.1 4.3 4.6 5.9 AUG 1.1 1.3 1.5 2.5 0.5 0.2 0.5 0.7 0.5 1.0 0.5 0.5 0.9 SE# O.B 1.5 0.6 0.9 0.2 0.7 0.2 0.2 1.8 0.4 0.2 0.6 1.9 OCT 1.1 3.0 1.0 I .ft O.B 0.0 0.6 0.9 1.0 0.3 0.3 0.8 1.5 NOV 0.2 1.1 0.1 0.2 0.4 0.0 0.1 0.3 0.1 0.0 0.1 0.1 0 . 2 ^ DEC 0.4 1.0 0.1 1.4 0.3 0.3 0.4 0.3 0.3 0.8 0.3 0.6 0.3 JAN OR LATER 3.1 3.3 3.5 3.0 1.4 1.2 1.3 5.2 2.6 10.1 2.5 2.1 2.1

TOTAL * 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

1/ SEE TECHNICAL ARRFNOIX A. 1/ INCLUDES ONLY CERTIFICATES ISSUED IN ^NOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. MOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED. * DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.

t


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. Some sales

are also lost by the method described above. 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 sale# are lost

from the aeries a* derived In this manner.

Total derived male* will differ from the change In total out-

standings between survey date# 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

monthafter the survey dateare assumed to mature in the middle of the

period between the survey date and the end of the calendar month in which

the survey is taken. The weights are the quantity of CD's maturing in each

month or fraction thereof as a proportion of total CD's outstanding and the

starting date for calculations is the survey date.

A downward bias in the calculated average maturity develops from

the fact that all CD's maturing in more than twelve months after the survey

date are lumped together. All of these CD's are assumed to mature in the

middle of the twelfth full month after the survey date, regardless of the

actual, but unknown, maturity of the CD's maturing in more than twelve full

months.

SALES

Average maturity of negotiable time certificates of deposit sold

between survey dates are calculated in exactly the same way. That is, they

are weighted averages calculated from the survey date with the assumption made

that all CD's mature in the middle of the month. Any CD's sold between

survey dates and maturing in the period between the current survey date and

the end of the calendar month in which the current survey was taken (a

maximum of 6 days) are ignored


Technical Note B (continued)

This procedure assumes all CD's sold between survey dates were

issued on the most recent survey date. While it appears more logical to

assume that all CD's were sold at the mid-point between the two surveys,

such an assumption would tend to reduce 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

male# bv month.

Formulas for calculation of average maturities are available on

request from the Banking Section, Division of Research and Statistics, Board

of Governors of the Federal Reserve System.


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