l41_19750827.pdf

August 27, 1975 L.4.1 CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF

DEPOSIT AT LARGE WEEKLY REPORTING BANKS

as of

July 30, 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 fll$vi|FUfiro« or OUTSTANDING NEGOTIABLE ?I*E CERTIFICATES OF DEPOSIT AT

WEEKLY REPORTING BANKS

AS OF 27 AUG 1*75

(S«S MATURING IN AMOUNT

(MILLIONS OF DCTLARSS

PERCENTAGE DISTRIBUTION

CUMULATIVE PERCENTAGE

SALES SINCE PREVIOUS MONTH 2/

(MILLIONS OF DOLLARS)

AUGUST 28 - 3# 2.8*9.3 3.6 3.6 .0

SiPTfwPfR 26,776.4 ?2.9 36.5 10,928,1

OCTOff# 17.1C4.3 21.0 57.5 4,960.2

NCWFMBEt 10,710.4 13.2 70.7 4,713.9

DECEMBER #,210.9 7.6 78.3 1,514.7

JANUARY §,4|5.5 6.7 85.0 759.5

FEBRUARY 4,245.5 5.2 90.2 2,395.4

MARCH I,*60.0 1.9 92.1 136 .5

APRIL 1,030.6 1.3 93.* 80.4

MAY 1.C13.3 1.2 94.6 78.7

JUNE 1,115.5 1.4 96.0 34.6

J%KY 505.8 • fc 96.6 37 .9

AUGUST *88 .6 .7 97.3 486 .6

OVER 12 MONTHS 2,134.8 2.6 100.0 XXX

TOTAL 81,311.0 100.0 XXX 26,126.4

SEHTEiee* so SEPTEMBER IS

(MEMORANDUM*

1,7*7.0 3.821.#

TAX ANO DIVIDEND MATURITIES!

2.2 4.7

XXX XXX

798.6 1,745.0

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

2/ SET 1ECNNICAL APPEND!* A.

)/ SALES Of C M S MATURING APTE* II "ONTHS. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLF 2A

1 / MATURITY DISTRIBUTION OF OUl STAND INC, NEGOTIABLE TINE CERTIFICATES OF DEPOSIT AT

NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS

AS OF 27 AUG 1975

(IN MILLIONS OF DOLLARS!

CHICAGO NEW YORK CITY ALL OTHER WEEKLY REPORTING BANK Sj

C©*$ MATURING IN AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH 2/

AUG :8 - AUK *1 fcOfr .2 .0 307,4 .0 1,785.7 .0

SEPT*W#F* S.*95,l 2,760.2 2,433.9 L,053.O 15,747.5 7,114.0

NEIOBF# 6,698.4 1,941,7 1,852.3 693.3 8,353.6 2,325.0

Y O V E W * 4m76©.2 2,074.6 1,000.5 532.5 4,949.8 2,106.7

oeee**f» 826.9 305.8 78.6 3,209.0 609.2

2.087.6 280.1 767.2 69.5 2,560.7 410.0

FF#*UA*V 1.13^.3 821.9 497.7 74.3 2,611.5 1,499.3

«AtC<M 58.9 221.8 4,0 1,088.8 73.6

16C.8 17.8 113.9 1.4 755.8 61.1 • HAY *0.7 5.4 IF *.7 6.0 763.0 67.4 • JUNE *23.4 .6 327.1 2.0 665.1 32 .0

JULY <0.9 1.5 53.2 3.6 361.7 32.8

AUGUST 1*9.* 71.( Z2 39.2 57.8 /3 349.8 357.7 /3

TVF# I? MONTH* ?E*.7 1ST* 155.8 XXX 1 ,214.2 XXX

IHTAL # e,86C.e P,245.5 2,576.9 44,416.2 14,688.8

RF *FPOSTING RANKS 12 12 221

(MEMORANDUM: TAX AND DIVIDEND MATURITIES)

< ; ; % ; * * * * ]*

*+-<*,# ZtC.2 3I/.:

144.6 341.7

102.5 170.4

1 ,063.4 2,423.5

435.8 1 ,262.7

I/ R%F *W*» *: (F+. R»F TIRC,CC^ OK MOKE ISSUED EY WEEKLY REPORTING BANKS.

/ «\?(Ai f. »/ iAi»< I# :<*% #*• 11 S IJ **' ! .

T W V NN M T RN AM* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 2E

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

NEW YORK CITY, CHICAGO# AND ALL OTHER WEEKLY REPORTING BANKS

AS OF 27 AUG 1975 AND 30 JUL 1975

(PERCENTAGE DISTRIBUTION)

NEW YORK CITY CHICAGO ALL OTHER CD'S MATURING IN

27 AUG 30 JUL 27 AUG 30 JUL 27 AUG 20 JUL

0-6 DAYS 2/ 2.e 2.8 3.7 2.6 4.0 2.7

01 MONTHS 3/ 30.0 30.1 29.5 35.5 35,5 34.1

02

z

1 24.1 20.6 22.5 15.9 18.8 19.5

03 I X 16.6 17.5 12.1 13.4 11.1 13.6

04

X

1 9.4 o.S 3.7 5.4 7.2 6.4

05 MONTHS 7.3 6.6 9.3 2.6 5.8 5.9

06 MONTHS 4.0 6.4 6 .0 8.1 5.9 4.9

07

2

1 .9 1.1 2.7 4.9 2.5 2.5

08 MONTHS •t .7 1.4 2.5 1.7 2.3

09 MONTHS .3 .5 2.1 1.3 1.7 1.6

10

X

1 .4 .3 4.0 1 .9 1.5 1.6

11 MONTHS .3 • 4 .6 3.8 .8 1.4

12

z

1 .7 .3 .5 .6 .8 .7

OVER 12 MONTHS 2.7 3.2 1.9 1.6 2.7 2.7

TOTAL * 100.0 100.0 100.0 100.0 100.0 100.0

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

2/ NUMBER OF DAYS REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH.

3/ NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.

* TOTALS MAY NOT ADD DUE TO ROUNDING.


TABLE 2C

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES

NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS

AS OF 27 AUG 1975 AND 30 JUL 1975

(CUMULATIVE DISTRIBUTION)

1/ OF DEPOSIT AT

f r t C MATS ID F MT ?m NEW YO*K c i t y CHICAGO ALL OTHER

Li j n A I UK 1 TMU I ni 27 AUG 3n JUL 27 AUG 30 JUL 27 AUG 30 JUL

0—6 DAYS 2/ 2.P 2.6 3.7 2.6 4.0 2.7

01 MONTHS 3/ 32.6 32.9 33.2 38 .1 39.5 36.8

02 MONTHS *6.9 53.? 55.7 54.0 58.3 56.3

C3 MONTHS 73.5 71.0 67 . 6 6 7 . 4 69.4 69.9

04 MONTHS B2.9 *0.5 71 ,5 72.8 76.6 76.3

0^ MONTHS 90.2 97.1 60.9 75.4 82.4 82.2

06 months 94.2 93.5 E6.6 83.5 88.3 87.1

07 * r^TW$ 95.1 94.6 GQ.5 88.4 90.E 89.6

CF MONTH: * 5 . 7 95.3 90.9 90*9 92.5 91.9

MONTHS 96.G 95.6 93.0 92.2 94.2 93.5

10 MONTHS 96.4 96.1 97.0 94.1 95*7 95.1

11 MONTH/ 96.7 96.5 *7.6 97.* 96.5 96.5

12 MONTHS 97.4 96.8 98.1 98.5 97.3 97.2

OVER 12 *N\THS 100.0 100.0 100.0 100 .0 100.0 100.0

1/ INCLUDES TJLY (FBTIFICATES IN DENOMINATIONS OF *100,000 OR MCRF ISSUE"' PV WEFU.Y REPORTING PANKS.

?/ NUMPE* Of DAYS RFMA!N IN IN SURVEY MONTH* THIS PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWL%(, TWT LAS? A* 0^ THE MONTH.

"/ NUMSfO F - FOIL**,, TuOyrv *


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

AS OF 27 AUG 1975 (AMOUNTS IN MILLIONS OF DOLLARS)

$1 BILLION AND » 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*7* AUG 28-31 2,8=9.2 182.9 390.0 443.1 1,883.2 752.4 808.9 321 .9

SEPTEMBER 26,776.5 1,556.5 3,286.2 4,243.2 17,690.6 7,987.4 6,742.1 2,961.1

<XTO»ER 17,104.2 643.5 1,582.1 2,319.7 12,558.* 6,522.5 4,427.1 1 ,609.3

NOVEMBER 10,710.5 275.0 906.1 1,353.3 8,076.1 4,618.8 2,664.9 792.4

DECEMBER 6.210.9 227.4 554.R 805.6 4,623.1 2,592.6 1,388.4 642.lj

1976 JANUARY 5.415.4 172.3 387.5 565.3 4,289.3 1 ,970.6 1,742.7 576 .0

FEBRUARY 4.245.5 139.0 270.4 414.7 3,421.4 1 ,058.1 2,043.9 319.4

MARCH I,5*9.9 71.3 128.9 204.1 1,155.6 226.1 762.5 167.0

APRIL 1,030.4 66.4 8?.8 143.5 732.7 154.2 492.4 86.1

MAY 1,013.4 50.8 89.1 185.7 687.8 69.8 483.4 134 .6

JUNE 1,115.4 61.4 84.8 128.2 841.0 106.2 575.4 159.4

JULY 505.7 4?.5 49.6 80.5 332.1 87.8 170.7 73.6

AUGUST 5B8.4 24.0 42.6 66.4 455.4 197.4 221.5 36.5

SEPTEMBER OR LATER 2,134.7 104.P 97.1 209.6 1,723.2 700.5 803.8 218.9

TOTAL * 61,310.1 2,719.6 7,957.0 11,162.9 58,470.4 27,044.4 23,327.7 8,098.3

(MEMORANDUM: TAX AND DIVIDEND MATURITIES)

SEPTEMBER 10 1,796.6 84.0 144.5 374.3 1,194.0 518.5 461.9 213.6

SEPTEMBER 15 3,821.9 166.3 309.6 985.0 2,361.0 947.5 1,026.9 386 .6

f i ic l ino lyniMA » KftlMIBCD HC D AKIV C 1 1 "cnUKArfUUn * •MUnDCK Ur DAIMfVa!

245 82 76 50 37 7 12 18

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 PEPOSIT 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 THF SECONDARY MARKET. * TOTALS *AY NOT ADD DUE *<"' ROUNDING.


TABLE SB

CP'S MATURING IK

1975 AUG 28-31

CP LATFR

TFT#T »

10

SfPTF^Ff* 1*

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

AS OF 27 AUG 1975 I AMOUNTS IN MILLIONS OF DOLLARS)

TOTAL *200

MILLION AM) UNDER

*200 MILLION TO

*500 MILLION

*500 MILLION TO

*1 BILLION

$1 BILLION AND OVER

PRIME 4/

TOTAL NEW YORK

CITY

OUTSIDE NEW YORK

CITY

4F»6 *4

26.126.4

7CR.5

L,?4«.F

2 0 . e

1.374.8

— (MEMORANDUM

49.2

99,0

46.2 75.1 344.3

2,P*0.9 3,964.2 17,931.5

TAX AND DIVIDEND MATURITIES!

73.C 119.4 557.9

143.3 729.7 773.2

-- (MEMORANDUM: NUMBER OF BANKS)

F2 76 50 37

70.6

8,250.5

222.3

241 .2

230.1

340.8

NON-PRIME

SF*TfM*E* 10,928.1 804.0 1.4B0.9 1,979.0 6,664.2 2,391.0 2,810.9 1,462.3

OCTO*FR 4,960.1 195.0 565.4 789.0 3,410.7 1 ,870.7 1,063.4 476.6

MOvf«EE* 4,713.0 187.5 392.C 561.7 3,572.6 2,023.0 1,179.9 369.7

OECEM*E* L,514,E 46.2 134.2 184.7 1,149.7 7Q7.3 247.6 104.8

JANUARY 769.5 33.2 61.2 102.3 562.8 269.3 238.9 54.6

FEBRUARY 2,395.5 79.0 143.6 190.3 1,982.4 748.1 1,061.5 172 .8

MARCH 136.6 5.5 6.9 25.1 99.1 55.3 26.1 17.7

APRIL 9 0 . 4 0 . 1 5 . c 22.1 52.3 17.8 21.9 12.6

MAY 78.« 5.7 8.3 20.3 44.6 5.4 26.9 12.3

JUNE 3 4 . 5 0 . 6 2.6 8.6 22.7 0.5 13.5

JULY 37.8 2.2 3.5 6.0 26.1 1 .5 19.5 5.1

AUCUST 241.8

6,951.9

31.9

2,729.1

105.5

191.2

12 IS

?4 „ \ | f A l A p r A . / 2 M :-T % IF*?* r-F v «!*IA*IONS nr IKC,ROO NE Y°PR ISSUED BY WFEKLY REPORTING BANKS.

* / A L t r r J t f T i I N Tn« ( A t ( c r % n % T I ) r . nECEMbFR 3 1 , 1 9 6 5 . *1. MM" * NFCNTLAMT NR AQF. TRRASDFD AS BEING 0= THE HIGHEST DUALITY WHICH ARE

P'I 11,' F v IF T&A:$ WLLHLN 1 ()K ; "*&'&" 'F ; ACH ''THFL WITHIN THE SECONDARY MARKET. * V HAl *A* M** fM f SfUNDXNf.

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

Isil i H MATURITY niSTRlSUllON or OUTS?WING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS B* SIZE OF BANKS 2/

AS OF 27 AUG 1975 PERCENTAGE DISTRIBUTION

SI BILLION AND OVER

$200 *200 MILLION ffOO MILLION PRIME 3/ (11*;; 4ATtf#I#N TOTAL MILLION TO TO — — — — — — — — — •

AND UNDER $500 MILLION $1 BILLION TOTAL NEW YORK

CITY

OUTSIDE NEW YORK

CITY

NON-PRIME

1 ~ AU< ?.# 4.9 4.9 4.0 3.2 2.8 3.5 4,0

*2.9 41.* 41.? 38.0 30.? 29.5

O

CO 36.6

NF I:IF f « 21.0 17.2 19.O 20.8 21.5 24.1 19.0 19.9

NlVf**tR 13.2 16.1 11.4 12.1 13.8 17.1 31.4 9.8

7.6 6.1 7.0 7.2 7.<? 9.6 6.0

#97# JANUARY 6.7 4.7 4.9 5.1 7.3 7.3 7.5

FEBRUARY .2 3.7 3.4 3.7 5.9 3.9 8.8 3.9

MA*CM 1.9 1.9 1.6 1.8 2.0 C.8 3.3 2.1

APRIL 1.3 i.e 1.1 1 .3 1.3 0.6 2.1 1.1

MAY 1.2 1.4 1.1 1 .7 1.2 0.3 2.1 1.7

JUNE 1.4 1.7 t.l 1.1 1 .4 0.4 2.5 2.0

JULY 0.6 1.2 0.6 0.7 0.6 0.3 0.7 0.9

AUGUST 0*7 0.6 0.5 0.6 0.8 0.7 0.9 0.5

SEPTEMBER OR LATER 2.6 2.8 1.2 1.9 2.9 2.6 3.4 2.7

TOTAL * 100.C 100.0 100.0 100.0 1CD.0 100.0 100.0 100.0

DIVIDEND MATURITIES) DIVIDEND MATURITIES)

SEPTEMBER 10 2.2 2.3 l .m 3.4 2.0 1.9 2.0 2.6

SEPTEMBER IS 4.T 4.5 3.4 3.8 4.0 3.5 4.4 4.8

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

RFPORTETK EY DEALERS TO TRADE WITHIN 1 0 * 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET. + T01ALS MAY \0T ADD DUE IR BOUNDING.


VAFIE IT MAtUPlTY DlStllIIUTIC*^ OP OUTSTANDING NEGOTIABLE UME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING PANXS PY SIZE OF BANKS 2/

AS OF ?7 AUG 1075 CUMULATIVE PERCENTAGE

SI PILLION AND OVER

CC»S MATURING IN TOTAL §200

MILLION AND UNDER

$200 MILLION TO

•500 MILLION

$S00 MILLION TO

$1 BILLION TOTAL

PRIME

NEW YORK CITY

3/

OUTSIDE NEW YORK

CITY

NON-PRIME

< &**% AW* R* +: 9.6 4.9 4.9 4.0 3.2 2.8 3.5 4.0

*6.7 46.2 62 .0 33.5 32.3 32 .4 40.6

«7.% 64.C 6* . 1 62.e 55.0 56.4 51.4 60.5

NOV?**'* 70.7 7S,L 77.T 74 .9 68.8 73.5 62.8 70.3

MCENFT& 7R.3 SO.? 94.S 82.1 76.7 83.1 65.8 78.2

1976 JANUARY 6**0 84.4 80.6 P7.2 84.0 90.4 76.3 85.3

f(f*UARY 40.? &B.6 92.6 *0.9 89.9 94.3 85.1 69.2

*A*C+4 92.1 *C.§ 94.6 92.7 91.9 95.1 88.4 91.3

APRIL 4^.6 9?*? «*.» *4.0 93.2 95.7 90.5 92.4

9**4 *3.7 46.6 64.7 94.4 96.0 92 .6 94.1

UUNf ** .F *3.6 97.7 96.6 95.8 96.4 95 .1 96.1 1 FULY 9e.6 98.3 97.5 96.4 96.7 95.8 97.0

1 AUGUST 9?.? 9*.# 98.1 97.2 97.4 96.7 97.5

&* LAI** #00*0 100.G 100.0 100.0 100.0 I0C.0 100 .0 100 .0

1/ m i u n t Cf «ll# ICAtIS IS DENOMINATIONS OF SlOOtOOO OR HORE ISSUED BY WEEKLY REPORTING BANKS. V 101*1 AS r» tHf CALL REPORT OF CONDITION ON DECEMBER 31* 196 5. :/ WJ«{ SASF* A»F T+TNSF »CERIAPLE CERTIFICATES OF DEPOSIT ARE REGARDED AS FEING OF THE HIGHEST QUALITY AND WHICH ARE

T? { M F '©A^t WL 1*'IN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET,


IF stirs /!/ OF NEGOTIABLE TINE CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WfFKtv REPORTING BANKS PY SIZE OF BANKS 3 /

AS OF 2? ALIO 1075 PERCENTAGE DISTRIBUTION

SI BILLION AND OVER

{0*5 MATURING $N TOTAL $200

MILLION AND UNDER

$200 MILLION TO

$500 MILLION

$500 MILLION TO

SI BILLION TOTAL

PRIME 4/

OUTSIDE NEW YORK NEW YORK

CITY CITY

NON-PRLI

197* AUG ZE-31

SENTENCE* *i.e 5R.3 51.9 40.9 37.2 29.0 40.4 53.6

E C M S E R 1°.0 14.% 19,8 19.C 19.0 22.7 15.3 17.5

NOVEMBER IS.O 13.6 I?.F 14.2 19.9 24.* 17.0 13.5

«3ECE**E* <.E 3.3 4.7 4.7 6.4 9.7 3.6 3.8

19TFC JANUARY 2.9 2.4 2.1 2.6 3.1 3.3 3.4 2.0

FEBRUARY 9.2 5.7 5.0 4.8 11.1 9.1 15.3 6.3

MARCH 0.5 0.4 0.2 0.6 0.6 0.7 0.4 0.6

APRIL 0.? 0.0 0.? 0.6 0.3 0.2 0.3 0.5

HAY 0.? 0.4 C.? 0.5 0.2 0.1 0.4 0.5

JUNE 0.1 C.O 0.1 0.2 C.L 0.0 0.2 0.3

JULY C.L 0.2 0.1 0.2 0.1 0.0 0.3 0.2

AUGUST OR LATER

TOTAL •

SEPTEMBER 10

SEPTEMBER IS

1.9

100.0

?»1

6.7

245

I.f 1.6 1.9 1.9

100.0 100.0 100.0 100.0

— (MEMORANDUM: TAX AND DIVIDEND MATURITIES)

?.* 2.6 3,0 3.1

7.2 5.0 18.4 4.3

(MEMORANDUM: NUMBER OF BANKS)

62 76 50 37

0.9

100.C

2.7

2.9

3.5

100.0

3.3

4.9

12

1.2

100.0

3.9

7.0

18

!/ r,H TECHNICAL APPENDIX Ae ?/ TNF VLF*-. FFOTIFFRATT <> IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. V TÎAI R F T F P O O I E R IN THE CALL REPORT OF CONDITION ON DECEMBER 3I» I«65. «./ P*|«f ATN'S ARE THOSF WHT CT NFFOTIAPLE CERTIFICATES 0^ DFP^SIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE

PFPNSTFF) *Y DEALERS TO TR4?? WITHIN I 0* ? PASIS POINTS HF C*RH OTHER WITHIN THE SECONDARY MARKET. * T^TAIS *AY NO? AOr DUE TH ROUNDING.

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

TABLE 4A

AVERAGE MATURITY

OF

OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

AT WEEKLY REPORTING RANKS

AT VARIOUS SURVEY DATES

(IN MONTHS)

DATE OF SURVEY

27 AUG 1975 30 JUL 1975 25 JUN 1975

(BY LOCATION)

ALL REPORTING BANKS

ISSUING CD'S 2.7 2.7 2.8

NEW YORK CITY 2.5 2.6 2.7

CHICAGO 3.0 3.0 3.0

OTHER 2.8 2.8 2.8

UNDER $200 MILLION

S200-S500 MILLION

$500-$!,OOC MILLION

OVER 11 BILLION

PRIME IN NEW YORK CITY 3/

PRI*E OUTSIDE NEW YORK CITY 3/

NON-PRIME

(BY SIZE OF BANK) 2/

2.6 2.6 2.5

2.2 2.3 2.4

2.5 2.5 2.6

2.9 2.8 2.9

2.5 2.6 2.7

3.3 3.2 3.2

2.7 2.9 2.7

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

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

3/ PRIME BANKS ARE THOSE WHOSE NEGOTIAPLE tc' T 'ICATES r r r P''r77 ARE REGARDED AS INC OF TWF HIGHEST QUALITY AND WHICH ARE REPORTED BY DEALERS TO WTT* * i ",F ? - ?niNTS OF EACH OTHER WITHIN THE SECONDARY MARK ET.

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

TABLE 46

AVERAGE MATURITY

OF

NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

SOLD BY WEEKLY REPORTING BANKS

DURING THE MONTH OF VARIOUS SURVEYS

(IN MONTHS)

DATE OF SURVEY BANK CLASSIFICATION

27 AUG 197* 30 JUL 1975 2* JUN 1975

I BY LOCATION)

ALL REPORTING BANKS

ISSUING CD'S 2.2 2.1 2.7

NFW YORK CITY 2.3 2.3 2.9

CHICAGO 2.0 1.9 3.2

OTHER 2.2 2.1 2.5

(BY SIZE OF BANK) 2/

UNDER $200 MILLION 1.8 2.1 2.1

S200-S500 MILLION 1.8 1.8 2.2

$500-$1,000 MILLION 2.0 1.9 2.4

OVER $1 BILLION 2.4 2.2 2.9

PRIME IN NEW YORK CITY 3/ 2.4 2.3 2.9

PRIME OUTSIDE NEW YORK CITY 3/ 2.6 2.1 2.9

NON-PRIME 1.9 2.3 2.8

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF S100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

ti 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 70 TRADE WITHIN I OR 2 BASIS POINTS O c EACH OTHER WITHIN THE SECONDARY MARKET.

NOTE—SEE TECHNICAL APPENDIX 6,


TABLE 5A

RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

TO TOTAL DEPOSITS

AT VARIOUS SURVEY DATES

I PER CENT I

TOTAL DEPOSITS 2/ U N MILLIONS OF DOLLARS) 27 AUG 1975

DATE OF SURVEY

30 JUL 1975 25 JUN 1975

ALL PANICS ISSUING CD'S 23.3 23.0 23.0

UNDER 200 14.3 14.3 14.5

2CO - <C0 IT.o 17.9 18.4

4co • tcee 16.3 18.1 18.1

OVER :000 26.8 26.4 26.3

CRIME 1*3 Sfw YORK 3/ 32.3 31.3 30.1

PRIME r^TSIOE Nfw YORK )/ 24.* 24.6 25.4

20.R 20.1 20.1

1/ INCH ^ CFRTfCfCATfrS IN Of NOMINATIONS OF $100*00? OR MORE ISSUED BY WEEKLY REPORTING BANKS.

F/ TOTAL DEPOSITS *S OFRO*TED IN THE CALL REPORT OF CONDITION ON DECEMBER ?!• 1965.

3/ **:"* BANKS Ak# H'FIF WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND ARE ^Y DEALERS TO TRADE WITHIN 1 OR Z BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET.

NFTF- DEPOSITS IN IMF r*MO*lNATO* OF THE RA?I0 IN THIS TARTE ARF TOTAL DEMAND AND TIME DEPOSITS* INCLUDING INTERBANK A#lf **#'. GCVF*N#ENT DEPOSITS.


TABLE 5B

RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

TO TOTAL DEPOSITS

AS OF 27 AUG jo?*

(NUMBE* OF BANKS)

*01AL DEPOSITS 2/ 5T 5 10 15 20 25% AVERAGE CD OR TO TO TO TO OR TO DEPOSIT

m MILLIONS OF DOLLARS I LESS 10* 1<T 2Of 25t MORE RATIO (PER CENT)

ALL BANKS ISSUING Cf)»s 34 25 44 *1 44 57 23.3

UNDER ? M 12 13 23 14 7 13 14.3

200 - 600 13 8 8 13 17 17 17.9

4CC - 1000 7 4 7 8 11 13 18.3

NVE* 1000 2 0 6 6 9 14 26.8

PRIME IN NEW YORK 3/ 0 0 0 0 2 5 32.3

PRIME OUTSIDE NEW YORK 3/ 0 0 0 4 4 4 24.5

NTNPRIME ? 0 6 2 3 5 20.8

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 I CR 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.


TAfLE %C

TEST IN OUTSTANDING NECOTTA&lE TIME CERTIFICATE QP DEPOSIT /\

TO JUL 147S TO 2? AUG 3 975

<NU*PER OF BANKS 1

D*CL%NP< Of INCREASES OP ifTii ce>f<%is :/ *eru:er ______—,. ISSUED CD'S BUT

C T ' S T " i a r c * 5 Tr 5t PR Nf 5% PR 5 TO 10% 00 HAD NONE OUTSTAND-(IN MILLIONS 3* Z*SP nm~ lot LESS CHANGE LESS 10? fORE ING ON BASE DATE

A I IS<U!\( C " ? C ?* 3f e ? IC 66 22 35 0

iNTff ::: c c c

! •. ! 1

20 c 10 0

zee - *co e 0 1? ! s 5 21 4 10 Q

- x : c c 6, in 2 16 5 < 0

"v?* irrc t ? 1C 0 c 6 0

r f 1 ? c 2 1 1 0

tt**f ~ %!!** ?. * t * ?/ e : 3 4 0 4 C 1 0

c :« 1 4. c ;. 4 c

: ?* tiof.nao y «?#= issuer =* wfe*L* *ec:*T%NG SA\*:.

* " ?*. -(.* *f ,% ?&.? RfD~*V ?P :?S?|T::N "N 3ECE*PE9 51, %o&5.

?/ i&s. S *:T * .-?$! NfGZ?;&#lf Ce«T%«IfA?fS ?* ?S*3Sn A E *EfAS:e: &s 5EING 3F TÊ "IGWSST QUALITY A T **: $» :e* *? *»*r? # ; ^ % N % r* 2 -ASIS joints gc ?»c« ?TjER WITHIN SEONCASY WAR<ET.

T S,;*:?* » T*\+; "N T*.;S VAfLf :TC*tiS 2*3* TW);: %%; WNE* CTÊ* T*ELE: TO T-E F/TEN? ?ÂT 5ANKS THAT 1 % " i . :T«: TN t*S* $ *::U:ET T^:%» ?UTST*NriN?S TO Z5»C c\ T*IS SU3V5V.


TAPLE 50

Of: CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE 2= DEPOSIT /%

28 MAv 1075 TO 27 AUG I<*?5

f\U*BER OF PANKS>

n * L oEP?s:T$ /2 REDU- DECLINES OF INCREASE CF ISSUED CED — — — — — — — — CD'S BUT HAD

*IlLimS OF DOLLARS) CD'S 2 ET 20 15 10 5 5* NO 5% 5 10 15 20 25? NONE TO OR TO TO TO TO OR OR TO TO TO TO OR OUTSTANDING ZERO *ORF 2CT 15% lOt LESS CHANGE LESS 10% 15% 20? 25% MORE ON BASE DATE

BAMis is<v;\c CT'S 24 12 22 25 11 21

imFR 200 G Q 6 10 10 10 14 2 0 6 10 1 2 1 1

?C0 - *30 0 1 2 3 11 14 3 3 12 2 ? 1 1 4 c

cno - 100© 0 «L ? 1 4 6 10 0 e 1 4 1 3 3 0

OVER 10C0 C 3 1 3 5 7 6 0 5 2 3 I 0 1 c

PRIME r. NEW YORK 3/ e C C 0 0 2 3 0 1 0 0 1 0 C 0

P*;*E OUTSIDE NEW YORK %/ D 0 1 1 2 ? 2 0 1 1 ? c 0 c 0

NONJRI*E 0 3 C 2 3 3 1 0 3 1 1 0 0 1 0

;/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR SORE ISSUED BY WEEKLY REPORTING BANKS.

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

3/ PR I*E BANKS ARE THOSE WHOSE NFCCTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS 9EING 0^ THE HIGHEST QUALITY AND WNfCH ARE REPORTED BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET,

NOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT MAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS P» IOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO.


TABLE 5E

CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS

AT THE BEGINNING OF THE PERIOD

30 JUL 1975 TO 27 AUG 1975

(NUMBER OF BANKS!

TOTAL DEPOSITS 2/ DECLINES OF INCREASES i OF

1 IN MILLIONS OF DOLLARS) 3* 2 1 IT NO 1% 1 2 3% AND TO TO AND CHANGE AND TO TO AND OVER 31 2? LESS LESS 2% 3% OVER

ALL BANKS ISSUING CO* S 6 10 21 75 10 79 27 9 8

UNDER 200 1 2 6 31 3 26 11 2 0

200 - 500 3 3 9 21 5 23 8 2 2

500 - 1000 1 2 3 12 2 19 5 3 3

OVER 1000 I 3 3 11 0 11 3 2 3

PR I MF IN NEW YORK 3/ 0 0 1 2 0 2 1 0 1 i PRIME OUTSIDE NEW VQRK 3/ 1 2 1 3 0 4 C 0 1

NONPRIME 0 1 1 6 0 5 2 2 1

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


3/ PRIME BANKS ARE TMOSF 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 IF

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

28 MAY 1975 TQ 27 AUG 1975

(NUMBER OF BANKS)

TOTAL DEPOSITS 2/ DECLINES OF INCREASES OF

U N MILLIONS OF DOLLARS) 5* 4 3 2 1 It NO It 1 2 3 ~4 ~ ~ T % ~ *ND TO TO TO tq AND CHANGE AND TO TO TO TO AND OVER 5? 4* 3* 21 LESS UNDER 2% 3% 4% %% OVER

ALL BANKS ISSUING

15 II 16 31 40 50 5 37 17 11 4 2 5

UNDER 200 3 5 5 12 11 23 2 6 6 4 2 I 1

200 - 500 7 2 6 9 15 11 3 16 3 1 2 0 1

500 - 1000 2 3 3 5 6 10 0 U 5 3 0 1 1

0 V E * 1 0 0 0 3 1 2 5 fl 6 0 4 3 3 C 0 2

PRIME IN NEW YORK 3/ 0 0 0 1 2 2 0 0 1 0 0 0 1

PRIME OUTSIDE NEW YORK 3/ 2 0 1 2 1 2 0 1 1 2 0 0 0

NONPRIME 1 1 1 2 5 2 0 3 1 1 0 0 1

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


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*



TABLE 6A

MATURITY DISTRIBUTION O c OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT

AS OF 71 AUG 1975

I AMOUNTS IN MILLIONS OF DOLLARS I

CD'S MATURING IN ALL DIS-

TRICTS BOSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN FRAN-CISCO

1975 AUG 2S-AUG 31 2699.5 137*: *03.8 127.1 112.1 93.2 134.6 449.9 36.3 34.6 76.5 203.6 590.7

S€f 26776.* 177B.7 9721.7 llff,t 1277.6 797. f 1070.8 3689.0 373.1 173.9 693.0 1644.3 4796.3

CCT 17104.? 7*0.6 7298.0 718.1 730.1 486.2 657.0 2623.7 180.3 127.6 282.4 757.3 2492.2

NOV 10710.* 340.4 %030.6 372.7 412.9 271.8 402 .2 1399.4 91.8 63.1 176.7 445.4 1703.3

DFC 6210.8 191.6 2E14.2 253.2 288.2 1P4.0 244.3 586.7 106.0 60.3 101.0 293.2 1066.1

1476 JAN 54!?.4 144.2 2:47.* 20*.9 221.9 114.7 193.9 923.4 57.8 47.6 63.9 240.5 1050.1

FEB 4245.6 127.7 1176.1 98.6 123.7 49.5 155.7 591.7 39.9 41.5 54.5 178.3 1608.4

MAR 1560.0 76.8 271.6 63.9 117.! 24.2 40.4 262.4 17.3 11.4 35.9 75.6 558.2

APR lC?C.f 79.7 162.1 18.0 77.2 31.0 31.0 147.5 15.4 6.1 20.3 72.0 350.2

MAY 101^.3 41.7 97.2 32.7 39.1 39.0 57.9 133.9 12.1 10.0 22.1 125.7 3 5 1 . 9 ^

JUN 1115.6 37.e 134.0 88.9 68.S 27.6 43.4 344.2 16.5 5.4 27.3 40.2 265.7

JUL *04.7 le.e *4.* 33.6 26.4 IB.7 19.5 67.1 11.6 4.7 17.1 61.7 132.0

AUG 586.7 35.1 202.4 28.2 46.8 6.3 14.0 48.7 3.4 5.0 14.4 26.1 158.3

SEP OR LATER 2134.o 112.1 783.6 73.7 35*.1 42.B 67.7 176.2 36.0 10.0 20.8 132.4 320.5

TOTAL * 21311.3 3471.o 30856.1 3276.9 3901.0 2187.4 3132.4 11495.9 997.5 601.2 1605.9 4296.3 15484.9

AVERAGE MATURITY IN MONTHS 2/ 2.7 2.^ ^ .6 2.6 3.4 2.4 2.5 2.7 2.7 2.7 2.3 2.7 3. 1

NU**E% TF REPCRTI^C *ANKS 24* 16 4C 10 17 17 23 11 5 17 23 30

%/ INCLUDES OTWY CfRTIFIfAfr' ISIUFD 3% *100,000 OR MO* h %Y WEEKLY REPORTING BANKS.

* &Dr T " TOTALS T » p \ \ .


TABLE <F

CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS

AT THE BEGINNING OF THE »ERIOO

28 MAY 1975 TO 27 AUC- 1975

(NUMBER OF BAN«S>

TOTAL DEPOSITS 2/ DECLINES OF INCREASES OF

U N MILLIONS OF DOLLARS 1 ft 4 3 2 1 It NO It 1 2 3 4 5t AND TO TO TO TO AND CHANGE AND TO TO TO TO AND OVER 5? 4F 3* 2% LESS UNDER 2t 3t 4% St OVER

ALL BANKS ISSUING CD'S 15 11 16 31 40 50 5 37 17 11 4 2 5

UNDER 200 3 5 5 12 11 23 2 6 6 4 2 1

200 - 500 7 2 f 9 15 31 3 16 3 1 2 0

500 - 2000 2 3 3 5 6 10 0 11 5 3 0 1

OVER 1000 3 1 2 5 A 6 0 4 3 3 C 0

PRIME IN NEW YORK 3/ 0 0 0 1 2 2 0 0 1 0 0 0

PRIME OUTSIDE NEW YORK 3/ 2 0 1 2 1 2 0 1 1 2 0 0

NONPRIME 1 1 I 2 5 2 0 3 1 1 0 0

If 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/ PRIM? 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.



TABLE FEE 1/ 2/

SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS

FY FFOERAL RESERVE DISTRICT

AS OF 27 AUG 197%

IAMOUNTS IN MILLIONS OF DOLLARS)

CD'S *ATU»ING IN ALL DIS-


PHILA-DELPHIA

CLEVE-LAND

RICH-MONO ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN FRAN-CISCO

SEP 16*3*.I 720.7 3416.3 445.0 *42.6 299.4 470,6 1560.2 183,2 67.6 322.9 787,9 2062,5

OCT 4960.L ?18.5 2119.4 281.2 173.9 176.5 177,6 672,6 77,2 29,5 95.4 169.0 469.C

NOV 4713.A ISO.? 2217.4 20*.2 136.7 148.5 148,7 650.7 50,3 15,3 87.7 191,0 715.C

DEC 1*14.F 60.4 861.7 45.3 6*.F 41.1 36.1 140,9 16.6 23,1 19.7 45.6 155.3

1**6 JAN 744.3 32.0 288.7 27.5 16,7 17.9 17,5 85.2 10.8 11.3 11.7 29.7 190.2

FEF 23*^.4 73.2 646.# SL.L 51.7 24.7 92.4 116.3 16,5 8.7 26.2 100,0 986.8

#A# 136.6 2.4 61.3 9.3 2.6 6.4 2.1 8.6 0.8 1.4 0.0 7.7 34,0

APR #0.* 6.5 21.6 0.7 4.5 4,1 3.1 10.7 0.5 0.7 0.4 7.5 20,1

MAY 7R.7 2.3 4.9 4.O 3.6 4.2 4.6 7,0 1.8 0.8 1.3 14.2 27.1

JUN 34.4 .* 1.1 4.1 3.2 0.9 0.3 2.7 0.3 0.2 0.5 1,4 13,6

JUL 37.4 1.4 1.5 4.* 4.5 1.0 2.1 4,4 0.5 C.8 0,5 2.4 13,9

AUG OR LATE* 4*6.6 M . L 75.1 26.7 41.6 9,4 13.2 68,9 4,1 5.0 12.2 28,1 151.2

TOTAL * 16126.1 1424.6 9916.A 1104.1 1069.8 736.1 968.5 3557.2 362.6 164,4 578.5 1384,5 4859.C

AVERAGE MATURITY IN MONTHS 3/ 2.? 2.0 2.2 2.1 2.1 2.0 2.0 1.9 1,8 2,4 1,7 1.9 2.7

1/ SEE TECHNICAL APPENDIX A,

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

1/ SEE TECHNICAL APPENDIX #.

* DETAILS MAY NOT ADO TO TOTALS OUF TO ROUNDING,


TABLE 6C

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

BY FEDERAL RESERVE DISTRICT

AS OF 27 AUG 19-T5




PHILA-OELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN FRAN CISCO

197s *UC 2B-AUG 31 3.6 3.9 2.9 3.9 2.9 4.3 4.3 3.9 3.6 5.8 4.8 4.7 3.8

SEP 32.9 39.7 31.5 35.4 32.6 36.5 34.2 32.1 37.4 28.9 43.2 38.3 31.0

OCT 21.0 21.6 23.7 21.9 18.7 22.2 21.0 22.8 18.1 21.2 17.6 17.6 16.1

NOV 13.2 9.ft 16.3 11.4 10.6 12.4 12.8 12.2 9.2 10.5 11.C 20.4 ll.r-

OEC 7.6 5.5 9.1 7.7 7.4 8.4 7.8 5.1 10.6 10.0 6.3 6.8 7 ,

1976 JAN 6.7 4.2 7.0 6.4 5.7 *.? 6.2 8.0 5.8 7.9 4.0 5.6 t *

PCS 5.2 3.7 3.6 3.0 3.2 2.3 5.0 5.1 4.0 6.9 3.4 4.2 10.-

MAR 1.9 2.2 0.9 1.9 3.0 1.3 1.3 2.3 1.7 1.9 2.2 1.8

AFP 1.* ?.? 0.6 0.5 2.0 1.4 1.0 1.3 1.5 1.0 1.? 1.7 Z.2^

MAY 1.2 1.2 0.3 L.C 1.0 1.8 1.8 1.6 1.2 1.7 1.4 2.9 2 . 3 ^ ^

JUN 1.4 ! . ! 0.4 2.7 1.9 !.L 1 .4 2.0 1.7 O.O 1.7 0.9 1.8

JUL 0.6 0.5 0.3 1.0 0.7 C.9 0.6 0.6 1.2 0.8 1.1 1.4 0.9

Aur, 0.7 1.0 0.7 0.9 1.2 0.3 0.4 0.4 0.3 0.8 0.9 0.6 1.0

SEP OF LATE* 2.6 3.2 2.5 2.2 9.2 2.0 2.2 1.5 3.6 1.7 1.3 3.1 2.1

TOTAL * 100.C 100.0 100.0 100.0 100.0 1C0.0 10G.0 100.0 100.0 100.0 100.0 100.0 100.0

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


TABLE 60

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

?Y FEDERAL RESERVE DISTRICT

AS OF 27 AUG 1975

(CUMULATIVE PERCENTAGE)



PHILA-DELPHIA

CLEVE-LAND

RICH-MONO ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN FRAN-CISCO

1971 AUG 28-AUG 31 3.6 3.9 2.9 3.9 2.9 4.3 4.3 3.9 3.6 5.8 4.8 4.7 3.6

SEP 36.5 43,6 34,4 39.3 35.7 40.E 38.5 36.0 41.0 34.7 49.0 43.0 34,8

OCT 47.5 65.2 58.1 61.2 54.4 63.C 59.5 58.8 59.1 55.Q 65.6 60.6 50,9

NOV 70.7 75.C 74,4 72.6 65.0 75.4 72.3 71.0 68.3 66.4 76.6 71.0 61.9

DEC 78.3 80.5 83.5 80.3 72.4 83.8 90.1 76.1 78.9 76.4 82.9 77.8 68.9

1976 JAN 65.0 64,7 90.5 86.7 78.1 89.0 86.3 84.1 84,7 84.3 86.9 83.4 75.7

FEE 90.2 88.4 94.3 89.7 81.3 91.3 91.3 89.2 88,7 91.2 90,3 87.6 86.1

MAR 92.1 90.6 OS.2 91.6 84.3 92.6 92.6 91.5 90.4 93.1 92.5 89.4 89.7

APR 93.4 92.9 95,8 92.1 86.3 94.0 S3.6 92.8 91.9 94.1 93.8 91.1 92.0

MAY 94.6 04.1 *6.1 03.1 87.3 95.8 95.4 94.4 93.1 95.8 95.2 94.0 94.3

JUN 96.0 95.2 96.5 95.6 69.1 96.9 96.8 97.4 94.8 96.7 96.9 94,9 96.1

JUL 96.6 95.7 96.FI 96.8 69.8 97.8 97.4 98.0 96.0 97.5 98.0 96.3 97.0

AUG 97.3 96.7 97,5 97.7 91.0 98.1 97.8 98.4 96.3 98.3 98.9 96.9 98.0

SEP OR LATER 1 0 0 . 0 100.0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 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 6E 1/ 2 /

SALES HF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING PANKS

BY FEDERAL RESERVE DISTRICT

AS OF 2? AUG 1975


CD'S MATURING IN ALL SAN OIS- NEW PHILA- CLEVE- RICH- CHI- ST. MINNE- KANSAS FRAN-

TRICTS POSTON YORK OELPHIA LAND MONO ATLANTA CAGO LOUIS APOLIS CITY DALLAS CISCO

SEP 41.E 50.6 34.4 40.3 50.7 40.7 48.6 44.7 50.5 41.1 55.8 56.9 42.9

OCT 19.0 22.4 21.4 25.5 16.3 24.0 18.4 24.5 21.3 17.9 16.5 12.2 9.7

NOV 16.0 10.6 22.4 18.4 12.7 20.2 15.4 18.3 13.9 9.3 15.2 13.8 14.7

DEC 5.8 4.2 M.7 4.1 6.6 5.6 3.7 4.0 4.6 14.1 3.4 3.3 3*1

1976 JAN 2.Q 2.2 2.9 2.5 3.4 2.4 1.8 2.4 3.0 6.9 2.0 2.1 3.9

FEB 9.2 5.1 8.5 4.6 4.9 3.5 9.4 3.3 4.6 5.3 4.5 7.2 20.3

MAR 0.5 0.2 0.6 0.8 0.2 O.O 0.2 0.2 0.2 0.9 0.0 0.6 0.7

APR 0.3 0.5 0.2 0.1 0.4 0.6 0.3 0.3 0.1 0.4 0.1 0.5 0.4

MAY 0.3 0.2 0.1 0.4 0.3 0.7 O.S 0.2 0.5 0.5 0.2 1.0 0.6

JUN 0.1 0.6 0.0 0.4 0.3 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.3

JUL 0.1 0.1 0.0 0.4 0.4 0.1 0.2 0.1 0.1 0.5 0.1 0.2 0.3

AUC OR LATER 1.9 3.6 0.8 2.4 3.9 1.3 1.4 1.9 1.1 3.0 2.1 2.0 3.1

TOTAL $ 100.0 IF 0.0 10C.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

1/ SEE TECHNICAL APPENDIX A,

2/ INCLUrfS ONLY CERTIFICATE! ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.

NP?E - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED.

* HEtAlL' MAY "w T A^D 10 IC^LS HUE T- SOUNDING.

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

TSCm.ICAT, APi'L,.: A

DKRTVATTON OF (:KOSS O? CT:RT'IF1CATKS CF DEPOSIT

Sales of CD1 s between survey dates are derived in the following

manner: Outstanding CD1s 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'8 with the longest maturity) are

added to those CD's maturing in the lest individual month shown on that

survey in order to derive an outstanding quantity for a time period com-

parable* to the longest maturity CDfs 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 CD1s maturing in twelve or more months, Some sales

are also lost by the method described above. Sales of CD's between the

survey dotes 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 out-

standings between survey dates by (1) the amount of CD's that have matured

ietween 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 CD4s 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

actuals but unknowns 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'*

are sold at the mid-point between surveys, the average maturity of sales would

be lengthened relative to the average maturity of outstanding*, hy, in effect,

using an earlier starting data 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 aalea is

much more sensitive to mcath-tO"* month variation in the maturity structure of

sales than Is the case with the outstandings series. Thus, large changes In

Ihe 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

f#A**

Formulas for calculation of average maturities are available on

request free the Banking Section, Division of Research and Stetletlce, Board

of Governors of the Federal Reserve System.


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