/ / -iry
March 22, 1977 L.4.1 CONFIDENTIAL (PR)
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE WEEKLY REPORTING BANKS
as of
February 23, 1977
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 UF OUTSTANDING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT AT
WEEKLY REPORTING BANKS AS UF 23 FEB 1977
MATURING IN AMOUNT
1MILL IUNS OF DOLLARS)
PERCENTAGE CUMULATIVE DISTRIBUTION PERCENTAGE
SALES SINCE PREVIOUS MONTH 2/
(MILLIONS UF DOLLARS)
FEBRUARY *4 - 28 3,512.8 5 . b 5. b .0 MARCH LO,346.2 30.4 3b.2 7,170.7 APRIL 11,613.1 19.^ 55.4 ^,940.2
MAY 7,790.7 12.9 66.3 2,776.3 JUNE 4 ,744 *4 7.9 76.2 53c.4 JULY 3,702.2 6.1 b2 .3 554.2 AUGLL T 3 , *b2 .b 5.6 66.1 2,15O.4 SEPTEMBER 1,CCG.5 1.7 69.8 78.9
OCTOBER 793.9 1.3 91.1 9b.0 NOVEMBER *72.fc 1.1 92.2 102.1
DECEMBER 0 Vb 6 1.2 S3.4 69.0 JANUARY 710.6 1.3 94.7 260 . 5 FEBRUARY 3CB.S 95.2 236.7 3/
OVER 12 MONTHS 2,947.7 4.9 100.0 XXX
TOTAL tO,375.1 100.0 XXX LT976.4
(MEMORANDUM: TAX AND DIVIDEND MATURITIES)
MARCH 1G MARCH 15 APRIL 15
Eo6.5 1,t90.6 1,115.3
1.4 2.8 1.6
XXX XXX XXX
223.5 293.1 245.6
1/ INCLUDES ONLY CERTIFICATES IN DENOMINATIONS OF S1GG,C00 UR MORE ISSUEO BY WEEKLY REPORTING BANKv. If
TABLE 2A
CD'S MATIRING IN
1 / MATURITY DISTRIBUTION UF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT
NEW YORK CITY, CHICAGO, AND ALL OTHER WEEKLY REPORTING bANKi AS UF 23 FEB 1977
U N MILLIONS OF uulLARS )
CHICAGO
AMOUNT NEW YORK CITY ALL OTHER WEEKLY REPORTING BANKS
1977 FEB 24 - FEB 29 MARCH APRIL MAY
JUNE JULY AUGUST SEPTEMBER
0CTU6ER NOVEMBER OECEM6ER
1978 JANUARY
FEBRUARY
OVER 12 MONTHS
TCTAL *
N U M H R UF kFPORTING BANKS
AMOUNT
1,^06.3 6 154.0 4,527.9
3,4?1.1 1,773.3
9
TABLE ?b
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT AT NEW YOFTK CITY , CHICAGO, AND ALL OTHER WEEKLY REPORTING bANKL
AS OF 23 FEB 1977 AND 26 JAN 1977 (PERCENTAGE DISTRIBUTION)
NEW YORK CITY CHICAGO ALL OTHER WM lyrviiv* *
2 3 FEB 26 JAN 23 FFB 26 JAN 23 FEB 2b JAN
0o i DAYS 2/ 5. 1 6.9 3.5 5.6 t .4 7.2 CI MONTHS 3/ 29.1 29 .G 29.0 29 .C 31.5 2t> b C2 MONTHS 21.4 16.7 17.8 1 to .5 lb .i 17.8 0 ) MONTHS lfc.3 15.6 9.2 12.4 11.5 13.1 64 MONTHS 6.4 10.o 5.6 4 .8 fa.O 7.1 C> MONTHS 4.4 7.4 1/.0 >.2 6. 1 6.7 Cc MONTHS 5.4 3.2 8.8 1C.0 5.4 5.3 07 MONTHS .4 .7 1.0 4.3 / .3 2.6 Oo MONTHS .? 2.2 .8 l.O 2.1 cs MUNTHS 1.1 .5 .3 l.B 1.3 1.4 lo MONTHS .4 .9 .7 .1 1.7 1.1 II M01HS l.O .? 1.1 .6 1.1 1.6 12 MONTHS .4 .8 .8 .7 . it .b
OVER ] 12 MONTHS 4.5 4.3 8.3 8.1 4.5 4.5 TOTAL * 100.0 100.0 100.0 100 .0 100.0 100.0
1/ INCLUDES ONLY CERTIFICATE* 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 NUMBcR OF DAYS FOLLOWING THE LAST WEDNESDAY LF THE MONTH.
/ NUMBER O c MONTHS FULLOWING THE SURVEY MONTH. TOTALS MAY NOT ADD DUE Tb ROUNDING.
1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 20
1/ H A i m i m OIStHlSUlIUN llF OUTSTANDING NEGOTIABLE TINE CERTIFICATES Uh DEPOSIT AT
NEW YtkK L i t V, CHICAGO* AND ALL OTHER WEEKLY REPORTING BANK* AS OF 23 FEB 1*77 AND 26 JAN 1977
I CUMULATIVE DISTRIBUTION)
CD'S MATURING IN
0-6 DAYS 2/ 5.7 6.9 3.5 5.6 t .4 7.2
01 MONTHS 3/ 34 .e 35.9 32.5 34 .6 37.V 36.0 02 MONTHS "*6.6 54.6 50.3 51.1 56 . C 53.fc 03 MONTHS 72.5 70.4 69.5 63.5 o7 . 5 66 9
04 MONTHS t?0.9 ei.o 65.1 od.3 75.5 7^.0 C-5 MuNTHS 65.3 68.4 77.1 73.5 el .6 0 . 7 Oh MONTHS 90.7 91.6 65.9 63.5 67.0 66.0
07 MONTHS 91.6 92.3 66.9 te/.S c9 . 3 6b.T 06 MONTHS 92.2 93.0 69.1 b .6 90.9 90.7 OS MONTHS 53.3 93.5 64.4 SO.4 92.< 92 .1 10 MONTHS 93.7 94.4 90.1 90.5 *73.9 93.2 11 MONTHS 95.3 94.7 91.2 VI .1 v5.0 94.fc 12 MONTHS 95.7 95.5 92.G 91.6 95.5 95.6
VER 12 MONTHS 100.0 100.0 100.v 1 CO . 0 iuO.G 100.0
1/ INCLUDcS ONLY CERTIFICATES IN DENOMINATIONS OF *100,000 uR MJRE 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.
NEW YORK CITY CHICAGO ALL OTHER 23 FEb 26 JAN 23 FEB jAN 3 FEts 26 JAN
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TABLE 3A MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT KtEKLY REPORTING BANKS BY SIZE OF BANKS 2/
AS OF 23 FEB 1977 IAMOUNTS IN MILLIONS OF DOLLARS)
CD'S MATURING IN
1977 FEB 24-29 MARCH APRIL MAY JUNE JULY AUGUST
SEPTEMBER OCTOBER NOVEMBER DECEMBER
1979 JANUARY FEBRUARY MARCH OR LATER
TOTAL *
MARCH 10 MARCH 15 APRIL 15
TuTAL
3* ->12 *9 Id,75.6 34,147.4
TAX AND DIVIDEND MATURITIES)
51.5 349.4 43
765.4 1.040.3
151.2 128.1 232.9
75.1 342.2
75.1
931.4 19,520.9
OUTSIDE NEW YORK
CITY 698 . 6
3,769.3 2,424.e>
1,528.5 1,265.0 1,303.0
1,147.2 258.3 265.6
102.5 261.6 139.5 84.4
1,336.2 14,626.5
238.5 462.7 352.2
193.7 514.0 291.4
237 (MEMORANDUM: NUMBER OF BANKS I
It 62 63 17
1/ INCLUDES CERTIFICATED IN DENOMINATIONS LF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPJRTED IN THE CALL REPORT OF CONLITIGN ON JUNE 30, 197B. * TOTALS MAY NOT ADD DUE TO ROUNDING.
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TABLE 36
CD'S MATURING IN
FEBRUARY OR LATfcR
TOTAL *
MARCH 10
MARCH 15 APRIL 15
T u T A L
1977 FEB 24-28 MARCH APRIL
MAY
JUNE JULY AUGUST SEPTEMBER OCTOBER
NOVEMBER DECEMBER
1973 JANUARY
2,77^.3 32.3
2 % i
79.0
95.C
102.1 69.1
2tC.3
BILLION AND OVER
$500 $500 MILLION $1 BILLION MILLION TO TO *
AND UNDER $1 BILLION $5 BILLION TOTAL OUTSIDE NEW YORK NEW YORK
CITY CITY
473.2 150. 1 lbt>. 6 36.3
27.7
83.9 7.0 1.7 1.1 3.6 4 . I
17.0 994. 1 (MEMORANDUM: 14.1 8.6
ie.7
996.3 2*4.3
281.7 75.4 47.2
156.2 10.0 4.0
6.7 5.3
13.7
2,759.1 1,011.9
797.b 226.0 147.o
533.9 13.6 30.3 29.4 35.8 36.2
2,9 * 24.2
(. Ob 3
lt4.2 8,4b7.8
30.6 26.9 1,o7 5.4 5,650.7
TAX AND DIVIDEND MATURITIES) 2 6.6 182.5 3 27.8 130.6 12.2.8 15.6 92.9 116.5
1,676.4 941.6
1tOo6* 2 136.2
152.3
690. ti 20.4 14.5 29.4 16.2
1*6.7
69.4
5,160.3
31.6 46.1 59.5
1,263.6 591.9 446. 8
54.4 179.4
491.6
27.6 44.5 35.1 6.0
39.6
94-. d
3,277.5
29.5-79.7 59.0
(MEMORANDUM: NUMBER OF BANKS)
75 62 83 17 10
1/ SEE TECHNICAL APPENIjIA 2/ INCLUDES CfcRTIFICAH 3/ TOTAL ASSETS AS h i * TOTALS MAY N01 ADD :U
NOMINATIONS Of- $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKb. IN THE CALL REPORT OE CONDITION ON JUNE 30, 1975. 3UNDING.
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TABLE 3C
1977 FEE 24-28 MARCH APRIL
MAY JUNE JULY AUGUST SEPTEMBER OCTOFER
NOVEMBER DECEMBER
1976 JANUARY
FEBRUARY MARCH CiR LATER
1 l'T AL *
MARCH 1G MARCH lb APRIL 15
MATURITY DISTRIBUTION OF OUTSTANDING NtGOTIABLE TIME CERTIFICATES UF DEPOSIT 1/ AT WEEKLY REPORTING BANKS BY SIZE UF BANKS 2/
AS UF 23 FEB 1977 PERCENTAGE DISTRIBUTION
CD'S MATURING IN TOTAL
5.8 30.4
19.2 12.9 7.9 6.1 5.6 1.7
1.2
1.1 1.2 1.3 0.5
4.9 100.0
$5 BILLION AND OVER
1.4 2.8 1.6
$500 MILLION
AND UNDER
6.0 34.7 lb .6
13.1 6.S b . * r
4.9 2.9 1.2
0 . *7
1.0 1.0 0.6
SbOO MILLION TO
$1 BILLION SI BILLION
TO $5 BILLION
7.3 36.8 19.1
11.2 6.8 5.2 4.9 1.6 1.2 1.5 1.2 0.9 0.5
6.5 33.9
19.2 10.9 6.7 6.6 5.0 2.3 1.7
1.3 1.4 1.1 0.6
2.2 100.0
1.6 100.0
TOTAL
5.2 27.2 19.3 14./ b .7 6.1 6 .4 1 .c 1 1 .0 1.0 1 .4 0.5
100.0 3.0
100.0 CMEMURANDUM: TAX AND DIVIDEND MATURITIES)
1.1 0.9 2.0 1.3 1.6 1.7 3.2 2.9 1.4 0.6 2.2 1.9
NEW YORK CITY
5.5 26.2 21.4 17.1 8.7 3.9
5.3 0.8 C.7
1.2 0.4 1.8 0.4
4.8 100.0
OUTSIDE NEW YORK
CITY
1.2 2.4 1.8
4.8 25.8 16.6
10.5 8.8 6.9 7.6 l.d 1.8 0.7 1.9 1.0 0.6
9.1 100.0
1.3 3.5 2.0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NOT ADD DUE TO ROUNDING.
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TABLE 3D DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES AT WEEKLY REPORTING BANKS BY SIZE OF BANKS
AS OF 2 3 FEB 1977 CUMULATIVE PERCENTAGE
DEPOSIT 1/
CD'S MATURING IN
1977 FEB 24-26 MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
1978 JANUARY
FEBRUARY MARCH OR LATER
r8.3 16.2
(42.3 fa.l 89.8 vl.l ^2.2 93.4 44.7
95.2
S5 billion and over
S500 MILLION
AND UNDER
6.0 40.7 59.3
72.4 79.3 85.2 9G.1 93.0 94.6 95.1 9t>. 1 97.1
97.7
100.0
S500 MILLION TO
SI BILLION
7.3 4 4 . 1
63.2 74.4
bl.2 L6.4 91 .3 93.1 94.3
95.b 97.0 97.9
96.4
100.0
SI BILLION TO
SS BILLION
6.5 40.4 59.6 70.5 77.2 83.6 88.6 91.1 92.8 94.1 95.5 96.6
97.2
100.0
5.j 3/.
90.5 91.* 9^.9 93.4
100.0
NEW YORK L IT Y
5.5 33.7
55.1 72.2
80.9
64.8 90. 1 90.9 91.6
92.6 93.2 95.0
95.4
100.0
OUTSIDE NEW YORK
CITY
4.6
30.6
47. T
57.7 e>t>. 5 75.4
83.Z L5.0 86.8 67.5 69.4 90.4
91.0
100.0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF S1CO,OOC OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTtD IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. TOTALS MAY NOT ADD DUE m ROUNDING.
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TABLE BE
CO*S MATURING IN
19?? FEB 24-26 MARCH APRIL
MAY JUNfc JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
1978 JANUARY FEBRUARY OR LATER
TOTAL *
MARCH 10 MARCH 15 APRIL 15
SALES /I/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/
AS OF 23 FEB 1977 PERCENTAGE DISTRIBUTION
TOTAL
4* .2 17.3 LFC4
3.1 3.3
12.7 0.5 0.6 C . 6 0.4
1.5
1.4 100.0
1.3 1.7 1.4
237
S>GC MILLION
AND UNDER
$500 MILLION TO
SI BILLION $1 3ILLION
TO $> BILLION
47.6 15.1
18.7 3.9 2.6 tt.4 0.7
0.2 C.2 0.4 0.4
1.7 1CC.0
53.2 13.0
15.0 4.0 2.5 6.4 0.5
0.2 0.4 G.3 0.7
1.6 1CC.C
48.8 17.9
14.1 4.0 2.6 9.4
0.2 0.5 0.5 0.6 0.6 0.5
100.0
TOTAL
34 .6 It .1
17.9 2.3 3.9
16.3 O.t 0.7 0 .b 0.3 2 .4
1.v 100.0
$5 BILLION AND OVtR
NEW YORK CITY
OUTSIDE NEW YORK
CITY
IMEMORANDUM: TAX AND DIVIDEND MATURITIES) 1.4 1.4 3.2 0.0 0.9 1.5 2.3 1.5 1.9 0.8 1.6 1.4
(MEMORANDUM: NUMBER OF BANKS> 75 62 63 17
32.4 lb.2
20.6 2.6 2.9
17.2 0.4 0.3 0.6 0.3 3.2
1.3 100.0
0.6
0.9
1.1
1/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES CERTIFICATES IN DENOMINATIONS OF >100,COO OR MURE ISSUED BY WEEKLY REPORTING BANKS. 3/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNfc 30, 197b. * TOTALS MAY NOT ADD DUE TO ROUNDING.
3o. 6 18.1 13.6 1.7 5.5
15.0 O.b 1.4 1.1 0.2 1.2
2.9 100.0
0.9-
2.4 1.b
10
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 4A AVERAGE MATURITY
OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES UF DEhuSIT 1/
AT WEEKLY REPORTING 8ANKa AT VARIOUS SURVEY DATES
(IN MONTHS)
HANK CLASSIFICATION DATE OF SURVEY
23 FEB 1977 26 JAN 197? Z9 DEC lv7o (BY LOCATION)
AIL PE PORTING BANKS ISSUING CD'S 3.0 2.9
NEW YuRK CITY CHICAGO wTHtk
2.8 3.6 3.0
2.8 3.5 3.1
2.6 3.3 2.9
(BY SIZE OF BANK) 2/
UNDER StCG MILLION S5GC-11 COG MILLION SltCC-C$5OOG MILLION OVER S5 BILLION
IN NEW YORK CITY OUTSIDE NEW YORK CITY
2.6 2.5 2.8 3.3 2.9 3.8
2.7 2.6 2.9 3.2 z.8 3.7
2.5 2.5 2.7 3.1 2.9 3.4
1/ INCLUDES CERTIFICATES IN DENOMINATIONS UF S100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS, t/ TuTAi ASSETS Aj REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30, 1975.
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TABLE 4B
AVERAGE MATURITY OF
NEGOTIABLE 1IME CERTIFICATES OF DEPOSIT 1/ SOLD BY WEEKLY REPORTING BANKS
DURING THE MONTH OF VARIOUS SURVEYS (IN MONTHS)
DATE OF SURVEY BANK CLASSIFICATION
23 FEB 1977 26 JAN 1977 29 DEC 197b (BY LOCATION)
ALL REPORTING BANKS ISSUING CD'S
NEW YORK CITY
CHICAGO
OTHEF
UNDER S5G0 MILLION *500-11,000 MILLION $1,0C0-$5,C00 MILLION OVER $5 BILLION
IN NEW YORK CITY OUTSIDE NEW YORK CITY
2.5
2.8 2.6 2.3
2.2 2.2
2.5
3.1 2.1 2.2
(BY SIZE OF BANK) 2/
2.2 2.1 2.1
2.9 2.9 2.8
2.3 2.1 2.5 2.3 2.3 2.4
2.0 2.1 2.1 2*8
3.2 2.3
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. N O T E S E E TECHNICAL APPENDIX B.
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TABLE 5A RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES
(PER CENTS
TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS!
ALL BANKS ISSUING CD'S
23 FEB 1977
UNOFP tCO 500 - 1000 1000 - 5G00 OVER >000
IN NEW YORK CITY OUTSIDE NEW YORK CITY
16.4
12.4 13.3 13.3 19.9 24.5 15.8
DATE OF SURVEY
26 JAN 1977
17.0
12.6 13.9 13.6 2C.d 25.1
16 .S
29 uEL 197o
17.2
12.8 13.9 13.6 21.2 24.4 lb .4
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION UN JUNE 30, 1975.
NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND ANb TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DtHOSlTS.
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TABLE SB
RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
TO TOTAL DEPOSITS AS OF 23 FEB 1977
(NUMBER OF BANKS)
TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS)
5S OR
LESS TO 10%
10 TO 15%
15 TO
20%
20 TO
Zb%
25% OR
MURE AVERAGE CD TO DEPOSIT
RATIO (PER CENT)
ALL BANKS ISSUING CD'S
UNDER 500 500 - 1000 10C0 - 5000 OVER >000
IN NEW YORK CITY OUTSIDE NEW YORK CITY
15 16 In 0 0 0
50
21 11 14 4
1 3
16 12
13 1 0 1
35
19
2 0 2
31
9 a
ii
2
30
t> 9 7 tt 4
4
12.4 13.6 13.3 19.9
I
TABLE bC
PER CENT CHANGt IN uUT^>TANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I 2t> JAN 1977 TO 23 FEB 1977
(NUMBER OF BANKS)
TOTAL ASSETS 2/ (IN MILLIONS L'F DOLLARS#
ALL BANKS ISSUING CD'S
DECLINES OF REDUCED CD'S TO ICt OR 5 TO ZERO MORE 10%
5% OR LESS
NO CHANGE
UNDER *CC 50C - 1000 1CCC - SOOO CVc* 5 000
IN NEW Y3P.K CITY CUTS IDE Hi 4 YORK CITY
61
11
12
15 3 2
1
13 5
56
14 10 13 9
>% OR LESS
INCREASES OF ISSUED CD'S BUT
10% OR HAD NONE OUTSTANu-MORE ING ON BASE DATE
5 TO 10%
35
9 14 10
2 0 2
3 4
18 1 1 0
17 14
11
0 0 0
1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 197b. NOTE- THE NUMBER OF BANKS IN THIS TAbLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT
HAJ OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.
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TABLE 50
PER CENT CHANGE IN UUTSTANVING NEGOTIABLE TIME CERTIFICATE LF UEHObIT /I 24 NOV 1976 TO 23 FEB 1977
(NUMBER OF BANKS)
TOTAI DEPOSITS /* REOU- DECLINES OF INCREASE OF ISSUcD CED - C0'6 BUT HAD
U N MILLIONS OF DOLLARS) CD'S 25% 20 1 6 10 5 5% NO 5% 5 10 15 *10 23% NONE TO OR TO 1 0 TO r o OR OR TO TO TO TO OR OUTSTANDING
ZERO MORE 2 5T 2 0 1 1 R 10% LESS CHANGE LESS 10% 15% 20% 25% MORE ON BASE DATE
ALL BANKS ISSUING CD'S C 33 14 20 27 19 37 1 25 12 18 11 1 16 1
UNDER 5 0 0 0 9 t 5 10 6 14 1 4 4 ti 3 0 4 , seo - 1CC0 c 13 2 4 4 4 6 0 9 6 i 2 1 7 0
1C00 - 5GCG 0 11 3 B 12 6 1* 0 10 0 1 5 0 7 0
OVER 5 0 0 0 c i, 3 3 1 3 3 0 2 0 1 1 0 C 0
IN NEW YORK CI1Y ft 0 1 1 0 2 1 0 1 0 0 X 0 0 0
JOTSIDt Nfk YORK CITY 0 c * 2 1 1 2 0 1 G 1 0 0 0 0
1/ INCLUDc^ CERTIFICATES IN DENOMINATIONS OF SI00,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS
2/ TOTAL ASSttS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975.
NdTt THE NUMF6R ill- BANKS IN THIS TAIH.IL DIFFERS FROM THOSE IN MOST OTHER TABLES lu THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO.
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TABLE 5E
CHANGE IN UU?STANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
OVTK THE MONTH AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
26 JAN 1977 TO 23 FEB 1977
(NUMBER OF BANKS)
TOTAL ASSETS ?/ CIN MILLIONS OF JHLLARS*
ALL BANKS ISSUING CD'S
UNDER 500 SCO - 1000 IOJO - 5000
UVES 22 21
2 0
2
21
10 4
7
0 u
0
12
1/ INCLUDES CERTIFICATES IN OENUMINATIUNS CF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
If TOTAL ASSET* A> REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING
INTERBANK AND U.S. GOVERNMENT DEPOSITS.
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TABLE 5F
CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT 1/
OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS
AT THE BEGINNING OF THE PERIOD
24 NOV 1976 TO 23 FEB 1977
(NUMBER OF BANKS)
TOTAL ASSETS 2/
IIN MILLIONS OF COLLARS)
ALL BANKS ISSUING CD'S 10
DECLINES OF
10
INCREASES UF 5% 4 3 2 1 1% NO 1% 1 z 3 4
AND TO TO TO TO AND CHANGE AND TO TO 1U TO AND OVER 5% 4% 3% 2% LESS UNDER 2% 3% 4% 52 Ovtk
15 50 57 17
UNDER 500 5 1 2 7 17 17
500 - 1000 2 3 4 3 7 14 1000 - 5000 2 5 2 4 19 23 OVER 5000 1 1 C 1 7 3
IN NEW YORK CITY 0 1 C C 3 1 OUTSIDE NEW YORK CITY 1 0 0 1 4 2
13
13
a
l l o
1/ INCLUDES CERTIFICATES IN DENOMINATIONS UF 5100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.
2/ TOTAL ASSETS AS REPORTED IN THE CALL REPJRT OF CONDITION ON JUNE 30, 1V75.
NOTE- DEPOSITS IN THE DENOMINATOR OF THE RATIO IN THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U.S. GOVERNMENT DEPOSITS.
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TABLE 6A MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATE* UF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT
AS OF 23 FEB 1977 (AMOUNTS IN MILLIONS OF DOLLARS)
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
1977 FEB 24-FtB 26 3512.8 132.5 1314.3 148.7 lfcl.8 123.0 163.6 359.6 30.6 21.8 65.4 301.0 650.5 MAR 16348.C 86l e> 6774.4 765.0 1031.5 523.7 832.1 2 i19 .4 263.8 210.7 592.8 1424.6 23^8.2 APR 1lfc13. 1 447.0 4734.7 519.5 t>64. 7 330.1 494.1 1764.1 14*.1 7b.5 464.5 633.2 1^40.o MAY 7740.7 290.2 3628.3 345.6 421.1 282.8 294.3 834.5 97.0 29.6 id2 .4 418.4 966.5 J UN ^744.3 130.E 1915.3 206.Z 27C.7 156.2 148.9 62^.8 74.2 29.6 116.6 192.4 b? 6.8 JUL 3702.1 188.4 984 . fc 146.9 21c.. 8 130.2 175.4 896.3 41.0 34.6 92.2 288.1 507.5 AUG 3482.6 124.6 1173.5 109. 3 192.3 84.3 153.5 655.5 36.2 29.5 86.7 208.8 628.4 SFP 1G0G.5 29.8 230.4 57.7 101 .7 27.7 57.6 116.S 51.5 20.0 Z5.G 94.3 186.7 OCT 793.8 28. 7 149.t 56.9 67.2 19.4 58.9 169.8 15.4 12.0 lb. 1 62.4 117.4 NOV 672.o 25.5 249.7 33.9 40.8 13.4 53.6 39.3 3.8 2c.8 23.8 54.3 111.7 M DEC 698.7 61.4 103.b 27.2 35.1 13.5 31.2 59.6 11.0 2b.3 26.6 64.7 t. 3o.3
1978 JAN 760.5 40. 351 .4 20.0 15.9 8.7 25.5 92.6 4.2 33.5 22.1 29.Z 115.5 FEE 306.9 6.9 82 .0 6.7 11.9 6.4 18.t> 63.6 4.3 6.1 7.3 28.4 o4.6 MAR OR LATER 2947.7 119.9 954.0 96.9 333.5 31.5 61.7 568.4 26.6 24.9 42.5 123.7 562.1
TOTAL * 60374.4 2488.2 62646.2 2562.5 3565.0 1752.9 2589.1 8967.4 601.7 582.1 1583.6 4-143 . 7 dc>92.0 AVERAGE MATURITY IN MONTHS 2/ 3 .0 3.0 2.7 2.8 3.5 2.5 2.8 3.2 2.9 3.8 2.7 2.7 3.4 NUMBER OF REPORTING BANKS 237 16 36 10 16 19 22 36 11 5 16 *2 26
1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX B. * DETAILS MAY NOT ADD 10 TOTALS DUE TO ROUNDING.
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TABLE 66 1/ U
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT! SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT
AS OF 23 FEB 1977
I AMOUNTS IN MILLIONS OF DOLLARS)
CD fS MATURING IN ALL DIS-
TRICTS BOSTON NEW YORK
PHILA-DELPHIA
CLEVE-LAND
RICH-MOND ATLANTA
CHI-CAGO
ST. LUUIS
MINNE-APOLIS
KANSAS CITY DALLAS
SAN FRAN-CISCO
MAR 7170.4 417.6 2392.t 298 .3 431.5 226.0 3*1.3 1096.4 65.5 90.5 278.6 766.2 763.7
APR 2940.1 154.4 1121.1 199.7 134.7 74.9 150.0 460.9 40.2 13.1 64.7 20b * 5 319.9
MAY 2778.2 124.2 1198.9 145.3 94.9 121.6 132.9 376.6 31.1 6.2 75.4 162. O 286.5 g JUN 632.i> 52.7 194.3 25.0 31.4 18.9 ^4.7 65.3 6.1 0.4 *5.6 26.7 5 9 . 4 %
JUL 554.3 20.1 *39.G 23.4 7.4 13.5 11.6 123.8 7.2 2.4 9.1 16.7 79.9
AUG 2156.4 96.0 1004.1 70.0 60.8 48.5 62.6 327.9 21.0 10.2 47.0 b9 .o 6*8.7
SEP 78.*, 1.9 24.7 12.6 4.9 1.3 to.2 5.5 4.0 0.5 1.6 1.7 12.0
OCT 95. 1 0.4 15.6 12.6 16.3 0.0 1.7 23.1 3.4 0.1 1.4 14.1 6.
TABLE 6C MATURITY DISTRIBUTION UF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/
AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT
AS CF 23 FEB 1977
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN ALL DIS- NEW PHI LA- CLEVE- RICH- CHI ST. MINNE- KANSAS
SAN FRAN
TRICTS BOSTON YORK DELPH1A LAND MONO ATLANTA LAGU LOUIS APOLIS CITY DALLAS CISCu 1977 FFB 24FEb 28 5.8 5,3 5.8 5.8 4.5 7.C 7.1 4.0 3.6 3.7 5.4 7.3 7.5
MAR 30.4 34.6 29.9 30.6 2d. 9 29.9 32.1 30.3 32.9 36.c 37.4 34.4 Z6.c APR 19.2 18.0 20.9 20.3 16.6 Id. tt 19.1 19.7 17.7 13.5 lo. 7 ZO.l 15.4 MAY 12.9 11.7 lb .0 13.5 11.8 16.1 11.4 9.3 12.1 5.1 11.5 10.1 11.1 J UN 7.9 5.3 fa.5 6.0 ?6 9.0 5.8 7.0 9.3 5.1 7.3 4.o 10.1 JUL 6.1 7.6 4.3 5.7 6.1 7.4 6 . b 10.0 5.1 5.9 5.8 7.0 5.6 AUG 5.8 5.0 5.2 4.3 5.4 4.8 5.9 7.3 4.5 5.1 5.5 5.0 7.2 SEP 1.7 1.2 1.0 2.3 2.9 1.6 2.2 1.3 6.4 3.4 1.6 2.3 2.1 OCT 1.3 1.2 0.7 2.2 1.9 1.1 2.3 1.9 1.9 2.1 1.0 2.0 1.4 NOV 1.1 l.C 1.1 1.3 1.1 O.ti 2.1 0.4 0.5 3.9 1.5 1.3 1.3 DEC 1.2 2.5 G. 5 1.1 1.0 O.fa 1.2 C.7 1.4 4.9 1.7 1.6 6.7
1976 JAN 1 .3 1.6 1.6 0.6 0.4 0.5 1.0 1.0 0.5 5.8 1.4 0.7 1.3 FEB 0.5 0.3 0.4 0.3 0.3 0.4 0.7 0.7 0.5 1 .0 0.5 0.7 0.7 MAR OR LATER 4.9 4.8 4.2 3.9 9.4 1.8 2.4 6.3 3.3 4.3 2.7 3.0 6.5
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 CERTIFICAIES ISSUED IN UtNOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS.
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TABLE 60
MATURITY OlSTKlbuTluN OF uUTSTANuIMG NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AT WEEKLY REPORTING BANKS
BY FEDERAL RESERVE DISTRICT AS OF 23 FEB 1977
(CUMULATIVE 1 PERCENTAGE)
, PMUPimr* M ALL OIS-
TFECTS BOSTON New YORK
PHI LA- C LUPHIA
LEVE-LING
RICH-MOND ATLANIA
CHI-CAGO
ST. LOUIS
MINNE-APOLIS
KANSAS CITY DALLAS
SAN FRAN-CISCU
' F E 5 ?4 -ffF 2e 5.6 5.3 5.*f 5.8 4.5 7.0 7.1 4.0 3.8 3.7 5.4 7.3 7.5 MAS 36.? 3v.fe . t 56.7 52.0 55.7 >6.3 54. G 54.4 53.4 54.5 t>i . 6 49.7 MAY 68.3 ti,t 72.t 70.2 63.8 71.6 64 7 63.3 66.!/ 5b.5 71.0 71.9 6 . ^ ^
76. 2 74.9 dl.l 76.2 71.4 90.8 75.5 70.3 75.6 63 6 78.3 76.5 70.4
JUL *2.3 82.5 b5 .4 83.9 77.5 68.2 d2.3 80.3 60.4 69.5 64.1 *3.5 7o.7 *U(, lb. I F7.5 40.t 68.2 c2.9 93.0 66.2 67.6 6>.
TABLE fcE 1 / 2 /
SALES UF NtGOllAbLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING teANKS
BY FEDERAL RESERVE DISTRICT AS UF 23 FEB 1977
(PERCENTAGE DISTRIBUTION!
CD'S MATURING IN All Clf-
IlICTS BOSTON NEW YORK
PHILA-DELPHIA
CLEVE-LAND
RICH-MOND ATLANTA
CHI-CAGO
ST. LOUIS
MINNE-APOLIS
KANSAS CITY DALLAS
&AN FRAN-CISCO
PIfL - Z . : ~S.9 37.4 S..C 43.4 41.7 4^.4 40.8 63.1 53.4 57.2 40.4
A m 17.4 17.0 IT.3 25.0 l6*b 14.4 19.5 17.tt lv.2 9.1 12.3 15.4 16.9
MAY It.3 13.7 I.5 16.2 11.9 23.3 17.2 14.6 l^.s 4.3 14.4 13.6 13.1
J UN 3.1 H. e 3.C 3.1 J.9 3.6 3.2 2.5 3.9 0.3 4.S 4.0 3.1
JUL 2.2 3.7 2,9 O.V 2.6 l.> 4.b 3.4 1.7 1.7 1.2 4.2
AUG 12.? 1C.B 15.5 8.8 7.6 9.3 1C.7 12.7 10.0 7.1 9.0 6.7 15.a
SEM 0.** 0.2 l#.4 l.fe C.e 0.2 1.1 0.4 1.9 0.3 0.3 0.1 0.6
LCT r.t 0.0 0.2 1.6 2.1, 0.0 0.2 O.V i .6 0.1 0.3 1.0 0.3
NCV O.t o.: O.t n.s 0.3 0.4 0.3 0.6 0.0 1.4 0.9 0.2 i.bj rti c.s 3. i 0.3 C.4 0.* 0.9 0.1 0.4 O.t 0.0 0.6 0.3 0.4
197b JAN 1.6 C.5 4.6 C.l o.^ 0.6 C.S 1.3 L.6 9.6 0.* 0.6 O.V ft? 0* LATEt 1.4 0.7 1.2 e.. 1.4 1.2 3.3 4.0 3.3 3.0 2.0 1.7 0.7
TOTAL * 100.0 100.0 100.0 100.0 160.0 100.0 100.0 100.0 100.0 1CG.G 1GG.0 100.0 100.0
1/ SEE TECHNICAL APPRTFCLLX I,
A/ INCLUDES ONLY CERTIFICATE* ISSUED IN U1NOMINATIONS OF SlCC,COO OR MORE BY WEEKLY REPORTING BANK
NOTE SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED. * DETAILS MAY NOT ADD TO 1JTALS DUE TO ROUNDING.
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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 uaed 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 tlw
deposits under current regulations is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sale, 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
between surveys and (2) the amount, if any, of sales between aurvey dates
that mature In the remaining days of the calendar month In which the current survey is taken.
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TECHNICAL NOTE B CALCULATION OP AVERAGE MATURITIES OF NEGOTIABIJ: 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 .aurvey date and the end of the calendar month in which
the survey is taken. The weights are the quantity of CD's matirriag in each
month or fraction thereof as a proportion of total CD*s outstanding and the
starting date for calculations i s 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.
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e 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 l*rga
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
leve1 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
Jhe calculated average maturity of sales, or situations in which the average
maturity of saj.es differ sharply from the average maturity of outstandings.
should be interpreted with care and references should be made to actual dollar sales by month.
Formulas for calculation of average maturities are available on
request from the Banking Section, Division of Research and Statistics, Board
of Governors of the Federal Reserve System.
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