l41_19750927.pdf

September 27, 1975 L.A.I CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF

DEPOSIT AT LARGE WEEKLY REPORTING BANKS

as of

August 27, 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/ M A T U R I T Y D I S T R I B U T I O N O F 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

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

A S OF 2 7 AUG 1975

C9S M A T U R I N G IN A M O U N T

( M I L L I O N S OF D O L L A R S )

P E R C E N T A G E D I S T R I B U T I O N

C U M U L A T I V E P E R C E N T A G E

SALES SINCE PREVIOUS M O N T H 2 /

(MILLIONS OF D O L L A R S )

A U G U S T 26 - 31 2 , 8 * 9 . 3 3,6 3 . 6 .0

S E P T E M B E R 2 6 , 7 7 6 , 4 32,9 36.5 10,928.1

OCTOBER 1 7 , 1 0 4 , 3 2 1 . 0 57.5 4 , 9 6 0 . 2

N O V E M B E R 1 0 , 7 1 0 . 5 13,2 7 0 . 7 4 , 7 1 3 . 9

D E C E M B E R 6 , 2 1 0 , 9 7,6 78.3 1 , 5 1 4 . 7 J A N U A R Y 5 , 4 1 5 . 5 6 , 7 8 5 . 0 7 5 9 . 5

F E B R U A R Y 4 , 2 4 5 . 5 5,2 9 0 . 2 2 , 3 9 5 . 4

M A R C H 1 , 5 6 0 . 0 1.9 92.1 136.5

APRIL 1 , 0 3 0 . 6 1.3 9 3 . 4 8 0 . 4

M A Y 1 , 0 1 3 . 3 1,2 9 4 . 6 7 8 . 7

J U NE 1 , 1 1 5 , 5 1.4 9 6 . 0 34.6

J U L Y 5 0 5 , 8 .6 9 6 . 6 3 7 . 9

A U G U S T 5 8 8 . 6 .7 97.3 486.6 3 /

OVER 12 M O N T H S 2 , 1 3 4 , 8 2,6 1 0 0 . 0 XXX

TOTAL 8 1 , 3 1 1 . 0 1 0 0 . 0 XXX 2 6 , 1 2 6 . 4

( M E M O R A N D U M : TAX A N D D I V I D E N D M A T U R I T I E S )

S E P T E M B E R 10 S E P T E M B E R 15

1 , 7 9 7 , 0 3 , 8 2 1 , 8

2.2 4 . 7

XXX XXX

798.6 1 , 7 4 5 . 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 ISSUED BY W E E K L Y R E P O R T I N G B A N K S .

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

3/ S A L E S OF C D ' S M A T U R I N G AFTER 11 M O N T H S *

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

T A B L E 2A

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 NEW 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 7 AUG 1975

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

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

C D ' S M A T U R I N G IN A M O U N T SALES S I N C E P R E V I O U S M O N T H 2/

A M O U N T S A L E S SINCE P R E V I O U S M O N T H 2/

A M O U N T SALES SINCE P R E V I O U S MONTH 2/

1975 AUG 28 - AUG 31 8 0 6 . 2 .0 3 0 7 . 4 .0 1 , 7 8 5 . 7 .0

S E P T E M B E R 8 , 5 9 5 . 1 2 , 7 6 0 . 2 2 , 4 3 3 . 9 1 , 0 5 3 . 9 1 5 , 7 4 7 . 5 7 , 1 1 4 . 0

O C T O B E R 6 , 8 9 8 . 4 1 , 9 4 1 . 7 1 , 8 5 2 . 3 693.3 8 , 3 5 3 . 6 2 , 3 2 5 . 0

N O V E M B E R 4 , 7 6 0 . 2 2 , 0 7 4 . 6 1 , 0 0 0 . 5 532.5 4 , 9 4 9 . 8 2 , 1 0 6 . 7

D E C E M B E R 2 , 6 9 6 . 1 8 2 6 . 9 305.8 78.6 3 , 2 0 9 . 0 6 0 9 . 2

1976 J A N U A R Y 2 , 0 8 7 . 6 2 8 0 . 1 767.2 69.5 2 , 5 6 0 . 7 4 1 0 . 0

F E B R U A R Y 1 , 1 3 6 . 3 8 2 1 . 9 4 9 7 . 7 7 4 . 3 2 , 6 1 1 . 5 1,499.3

M A R C H 2 4 9 . 4 58.9 2 2 1 . 8 4 . 0 1,088.8 73.6

A P R I L 1 6 0 . 8 17.8 113.9 1.4 7 5 5 . 8 61.1

M A Y 8 0 . 7 5 . 4 169.7 6 . 0 7 6 3 . 0 6 7 . 4

JUNE 123.4 .6 3 2 7 . 1 2 . 0 6 6 5 . 1 32.0

JULY 9 0 . 9 1.5 53.2 3.6 3 6 1 . 7 32.8

A U G U S T 199.6 7 1 . 0 / 3 3 9 . 2 57.8 /3 3 4 9 . 8 3 5 7 . 7 / 3

OVER 12 M O N T H S 7 6 4 . 7 XXX 155.8 XXX 1,214.2 XXX

T O T A L * 2 8 , 6 4 9 . 4 8 , 8 6 0 . 6 8 , 2 4 5 . 5 2 , 5 7 6 . 9 4 4 , 4 1 6 . 2 14,688.8

N U M B E R OF R E P O R T I N G B A N K S 12 12 221

( M E M O R A N D U M : T A X A N D D I V I D E N D M A T U R I T I E S )

S E P T E M B E R 10 S E P T E M B E R 15

5 8 9 . 0 1 , 0 5 6 . 7

2 6 0 . 2 3 1 2 . 0

1 4 4 . 6 3 4 1 . 7

102.5 1 7 0 . 4

1 . 0 6 3 . 4 4 3 5 . 8 2 . 4 2 3 . 5 1 , 2 6 2 . 7

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 OF $ 1 0 0 , 0 0 0 O R M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .

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

3/ S A L E S OF C D ' S M A T U R I N G AFTER U M O N T H S *

* T O T A L S MAY N O T A D D DUE TO R O U N D I N G .


TABLE 2B

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

NEW Y O R K C I T Y , C H I C A G O , A N D ALL O T H E R WEEKLY R E P O R T I N G BANKS

AS OF 27 AUG 1975 AND 30 JUL 1975

(PERCENTAGE D I S T R I B U T I O N )

NEW Y O R K C I T Y C H I C A G O ALL O T H E R

27 A U G 30 JUL 2 7 AUG 30 JUL 2 7 AUG 30 JUL

0 - 6 D A Y S 2 / 2.8 2.8 3 . 7 2 . 6 4 . 0 2.7

01 M O N T H S 3 / 3 0 . 0 30.1 29.5 3 5 . 5 35.5 34.1

0 2 M O N T H S 2 4 . 1 20.6 22.5 1 5 . 9 18.8 19.5

0 3 M O N T H S 1 6 . 6 17.5 12.1 1 3 . 4 11.1 13.6

0 4 M O N T H S 9.4 9.5 3 . 7 5 . 4 7.2 6.4

0 5 M O N T H S 7.3 6 . 6 9 . 3 2 . 6 5.8 5.9

0 6 M O N T H S 4 . 0 6 . 4 6 . 0 8 . 1 5.9 4.9

0 7 M O N T H S .9 1.1 2 . 7 4 . 9 2.5 2.5

0 8 M O N T H S .6 .7 1.4 2 . 5 1.7 2.3

0 9 M O N T H S .3 .5 2.1 1.3 1.7 1.6

1 0 M O N T H S .4 .3 4 . 0 1 . 9 1.5 1.6

11 M O N T H S .3 .4 .6 3 . 8 .8 1.4

12 M O N T H S .7 .3 .5 .6 .8 .7

OVER 12 M O N T H S 2 . 7 3.2 1.9 1.6 2.7 2 . 7

TOTAL * 1 0 0 . 0 100.0 1 0 0 . 0 1 0 0 . 0 100.0 100.0

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

2 / N U M B E R OF D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S P E R I O D V A R I E S WITH THE N U M B E R OF D A Y S F O L L O W I N G THE L A S T W E D N E S D A Y OF T H E 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 .

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


T A B L E 2C

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 , AND ALL OTHER WEEKLY R E P O R T I N G B A N K S

AS OF 2 7 AUG 1975 AND 30 JUL 1 9 7 5

( 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

2 7 AUG 30 JUL 2 7 AUG 3 0 JUL 2 7 AUG 30 JUL

6 D A Y S 2/ 2.8 2.8 3.7 2 . 6 4.0 2.7

01 M O N T H S 3/ 3 2 . 8 3 2 . 9 33.2 3 8 . 1 39.5 36.8

0 2 M O N T H S 5 6 . 9 53.5 55.7 5 4 . 0 58.3 56.3

C 3 M O N T H S 7 3 . 5 71 .0 67.8 6 7 . 4 6 9 . 4 6 9 . 9

0 4 M O N T H S 8 2 . 9 80.5 71.5 7 2 . 8 76.6 7 6 . 3

0 5 M O N T H S 9 0 . 2 87.1 80.8 7 5 . 4 8 2 . 4 8 2 . 2

0 6 M O N T H S 9 4 . 2 9 3 . 5 86.8 8 3 . 5 88.3 87.1

0 7 M O N T H S 9 5 . 1 9 4 . 6 89.5 CD 90.8 89.6

OP M O N T H S 9 5 . 7 9 5 . 3 9 0 . 9 9 0 . 9 9 2 . 5 9 1 . 9

0 M O N T H S 9 6 . 0 9 5 . 8 9 3 . 0 9 2 . 2 9 4 . 2 93.5

10 M O N T H S 9 6 . 4 96.1 9 7 . 0 94.1 9 5 . 7 95.1

11 M O N T H S 9 6 . 7 9 6 . 5 * 7 . 6 9 7 . 9 9 6 . 5 9 6 . 5

12 M O N T H S 9 7 . 4 9 6 . 8 98.1 9 8 . 5 97.3 9 7 . 2

R 12 M O N T H S 1 0 0 . 0 100.0 1 0 0 . 0 1 0 0 . 0 100.0 100.0

1/ INCLUDES 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 MORE I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .

2 / N U M B E R OF D A Y S R E M A I N I N G IN S U R V E Y M O N T H . T H I S P E R I O D V A R I E S W I T H THE N U M B E R 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 .


IAPLE 3A M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT 1/ AT W E E K L Y R E P O R T I N G BANKS BY SIZE OF BANKS 2/

AS OF 2? AUG 1975 IAMOUNTS IN M I L L I O N S OF D O L L A R S )

$1 BILLION AND OVER

$ 2 0 0 $ 2 0 0 M I L L I O N $ 5 0 0 M I L L I O N PRIME 3/ FD*S A T T * % N C IN TOTAL M I L L I O N TO TO

AND U N D E R $500 M I L L I O N $1 B I L L I O N TOTAL OUTSIDE NON-PRIME NEW YORK NEW YORK

CITY CITY

A Y S 28-31 2 , 8 * * . 2 182.9 3 9 0 . 0 443.1 1,883.2 752.4 808.9 321 .9

S T * T F * F E S 26,776.5 1,556.5 3 , 2 8 6 . 2 4 , 2 4 3 . 2 17,690.6 7 , 9 8 7 . 4 6,742.1 2,961.1

^{TO*ER 17,104.2 6 4 3 , 5 1,582.1 2 , 3 1 9 . 7 12,558.9 6 , 5 2 2 . 5 4,427.1 1,609.3

10,710.5 3 7 5 . 0 906.1 1,353.3 8,076.1 4 , 6 1 8 . 8 2,664.9 792.4

M F E E F R 6 , 2 1 0 . 0 2 2 7 . 4 554.FI *05.6 4,623.1 2 , 5 9 2 . 6 1,388.4 642.1

JANUARY 4 . 4 1 4 . 6 172.3 387.5 565.3 4 , 2 8 0 . 3 1,970.6 1,742.7 576 .0

4 . 2 6 5 . 5 I 39.0 270.4 4 1 4 . 7 3 , 4 2 1 . 4 1,058.1 2,043.9 3 1 9 . 4

* A R C ~ 1 ,5*9.9 71.3 128.9 204.1 1,155.6 226.1 762.5 167.0

1.C30.4 66.6 8 7 . 8 143.5 732.7 154.2 492.4 86.1

HAY 1.01?.4 50.B 99.1 IRS.7 687.8 69.8 483.4 134.6

JUNE 1,114.4 6 1 . 4 8 4 . 8 128.2 8 4 1 . 0 106.2 575 .4 159.4

JUL* 5 0 5 . 7 4?.5 49.6 80.5 332.1 87.8 170.7 73.6

A U G U < 7 5 * 6 . 4 2 4 . 0 42.6 6 6 . 4 4 5 5 . 4 197.4 221.5 36.5

S f P T f M f F e 0 % L A T E * 2 , 1 3 * . 7 104 .P 97.1 209.6 1,723.2 700.5 803.8 218.9

TOTAL * 61,310.1 3 , 7 1 0 . 8 7 , 0 5 7 . 0 11 ,162.9 5 8 , 4 7 0 . 4 27,044.4 23,327.7 8 ,098.3 1 TY a KIN n i v / t n c w n MATIIO TTT CC 1 _ _ _ _ _ _ _ _ I m A WrIU 1 ' I V I UcnIU ~A IU K 1 I I T O 1

S E P T E M B E R 10 1.796.6 @4.0 144.5 374.3 1 , 1 9 4 . 0 518.5 4 6 1 . 9 213.6

SEPTEMBER 15 3.821.9 166.3 3 0 5 . 6 9 8 5 . 0 2 , 3 6 1 . 0 947.5 1,026.9 386.6 1 YF U/10 A |L| F\I HI fclftMREO n c O Akilf C 1 1 C W K ANI/UH * RUNOCK UR D ANLFX 2> J

2 4 5 82 76 50 37 7 12 18

1/ INCLUDES 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 ISSUED BY WEEKLY R E P O R T I N G BANKS# 2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE C A L L REPORT OF C O N D I T I O N ON DECEMBER 31, 1 9 6 5 . 3/ PRIME B A N K S ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE HIGHEST QUALITY AND WHICH ARE

R E P O R T E D BY D E A L E R S TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY MARKET . * T O T A L S NOT ADD DUE TO R O U N D I N G .


T A B L E 38

$1 B I L L I O N A N D OVER

A U G U S T OR L A T E R

TOTAL *

S E P T E M B E R 10


4 8 6 * 4

2 6 , 1 2 6 . 4

$ 2 0 0 $ 2 0 0 M I L L I O N $ 5 0 0 M I L L I O N PRIME 4/ M A T U R I N G IN TOTAL M I L L I O N TO T O

A N D U N D E R $ 5 0 0 M I L L I O N $1 B I L L I O N TOTAL OUTSIDE N O N - P R I M E NEW YORK NEW YORK

CITY CITY

A U G 28-31

S E P T E M B E R 10,928.1 8 0 4 . 0 1 , 4 8 0 . 9 1 , 9 7 9 . 0 6 664.2 2 , 3 9 1 . 0 2 , 8 1 0 . 9 1 , 4 6 2 . 3

O C T O B E R 4 , 9 6 0 . 1 1 9 5 . 0 5 6 5 . 4 7 8 9 . 0 3 , 4 1 0 . 7 1 ,870.7 1 , 0 6 3 . 4 476 .6

N O V E M B E R 4 , 7 1 3 . 8 187.5 3 9 2 . 0 5 6 1 . 7 3 , 5 7 2 . 6 2 , 0 2 3 . 0 1,179.9 3 6 9 . 7

D E C E M B E R 1 , 5 1 4 . 8 4 6 . 2 1 3 4 . 2 1 8 4 . 7 1 , 1 4 9 . 7 7 9 7 . 3 247.6 104.8

J A N U A R Y 7 5 9 . 5 3 3 . 2 6 1 . 2 1 0 2 . 3 5 6 2 . 8 2 6 9 . 3 2 3 8 . 9 54.6

F E B R U A R Y 2 , 3 9 5 . 5 7 9 . 0 1 4 3 . 8 190.3 1 , 9 8 2 . 4 7 4 8 . 1 1,061.5 172.8

M A R C H 1 3 6 . 6 5.5 6 . 9 25.1 99.1 55.3 26.1 17.7

A P R I L 8 0 . 4 0.1 5.9 22.1 5 2 . 3 17.8 21.9 12.6

M A Y 7 8 . 9 5.7 8.3 2 0 . 3 44.6 5.4 26.9 12.3

JUNE 34.5 0 . 6 2 . 6 8.6 2 2 . 7 0 . 5 13.5 8 . 7

JULY 37.8 2.2 3.5 6 . 0 2 6 . 1 1.5 19.5 5.1

7 9 8 . 5

1 , 7 4 5 . 2

20.8 1 , 3 7 9 . 8

( M E M O R A N D U M :

4 8 . 2

9 9 . 0

4 6 . 2

2 , 8 5 0 . 9

3 4 4 . 3

1 7 , 9 3 1 . 5

2 4 5

7 5 . 1

3 , 9 6 4 . 2

TAX AND D I V I D E N D M A T U R I T I E S )

7 3 . 0 1 1 9 . 4 5 5 7 . 9

143.3 7 2 9 . 7 7 7 3 . 2

( M E M O R A N D U M : N U M B E R OF B A N K S )

82 76 50 37

70.6

8 , 2 5 0 . 5

2 2 2 . 3

2 4 1 . 2

241.8

6 , 9 5 1 . 9

230.1

3 4 0 . 8

31.9

2 , 7 2 9 . 1

105.5

191.2

18

1/ SEE T E C H N I C A L A P P E N D I X A . 2 / I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S . 3/ TOTAL D E P O S I T S A S R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 . 4 / PRIME B A N K S ARE THOSE W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y A N D W H I C H ARE

R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER WITHIN THE S E C O N D A R Y M A R K E T . T O T A L S MAY NOT ADD DUE TO R O U N D I N G .


TABLE ?C 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 1/ A T W E E K L Y R E P O R T I N G B A N K S BV SIZE OF B A N K S 2 /

AS OF 2 7 AUG 1975 P E R C E N T A G E D I S T R I B U T I O N

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

1975 A U G 28-31

S E P T E M B E R

O C T 0 6 E R

N O V E M B E R

D E C E M B E R

1976 J A N U A R Y

F E B R U A R Y

M A R C H

APRIL

M A Y

JUNE

JULY

A U G U S T

S E P T E M B E R OR LATER

TOTAL *



TOTAL

3.6

3 2 . 9

21.0 13.2

7.6

6 . 7

5.2

1.9

1.3

1.2 1.4

0.6 0 . 7

2.6 100.0

2.2 4 . 7

$200 M I L L I O N

A N D U N D E R

4 . 9

4 1 . 8

17.3

10.1 6.1 4 . 7

3 . 7

1.9

1.8 1.4

1 . 7

1.2 0.6 2.8

100.0

$ 2 0 0 M I L L I O N TO

$ 5 0 0 M I L L I O N

4 . 9

4 1 . 3

19.O

1 1 . 4

7 . 0

4 . 9

3 . 4

1.6 1.1 1.1 1.1 0.6 0 . 5

$ 5 0 0 M I L L I O N TO

$1 B I L L I O N


PRIME 3/

1.2 100.0

4 . 0

3 8 . 0

20.8 12.1 7 . 2

5.1

3 . 7

1.8 1.3

1 . 7

1 .1 0 . 7

0.6 1.9

100.0

TOTAL N E W YORK

CITY

3.2

30.3

21.5

13.8

7 . 9

7.3

5.9

2.0 1.3

1.2 1 . 4

0.6 0.8 2 . 9

1 C 0 . 0

( M E M O R A N D U M : TAX A N D D I V I D E N D M A T U R I T I E S >

2 . 3 1 . 8 3.4 2 . 0

4.5 3 . 9 8 . 8 4 . 0

2.8 29.5

24.1

17.1

9.6

7.3

3.9

0.8 0.6 0.3

0 . 4

0.3

0 . 7

2.6 100.0

1.9

3.5

O U T S I D E NEW YORK

CITY

3.5

2 8 . 9

19.0

11.4

6.0 7.5

8.8 3.3

2.1 2.1 2.5

0 . 7

0.9

3.4

100.0

2.0 4 . 4

N O N - P R I M E

4 . 0

36 .6

19.9

9.8

7.9

7.1

3.9

2.1 1.1 1.7

2.0 0.9

0.5

2 . 7

100.0

2.6 4.8

1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S . 2/ T O T A L D E P O S I T S AS R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 . 3/ PRIME B A N K S ARE T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y AND WHICH ARE

R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T . * T O T A L S M A Y N O T ADD D U E TO R O U N D I N G .


TAPLE 3D 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 1/ AT W E E K L Y R E P O R T I N G B A N K S BY SIZE OF BANKS 2 /

AS OF 27 AUG 1975 C U M U L A T I V E P E R C E N T A G E


$ 2 0 0 $ 2 0 0 M I L L I O N $ 5 0 0 M I L L I O N PRIME 3/ C D ' S M A T U R I N G IN TOTAL M I L L I O N TO TO

AND UNDER $ 5 0 0 M I L L I O N $1 B I L L I O N TOTAL OUTSIDE N O N - P R I M E NEW YORK NEW YORK

CITY CITY

1075 A U G 28-31 3.6 4.Q 4 . 9 4 . 0 3.2 2.8 3.5 4 . 0

S E P T E M B E R 36.5 4 6 . 7 4 6 . 2 4 2 . 0 3 3 . 5 32.3 32.4 40.6

O C T O B E R 57.5 6 4 . 0 6 6 . 1 62.8 5 5 . 0 56.4 51.4 60.5

NOVEMBER 7 0 . 7 74.1 7 7 . 5 7 4 . 9 6 8 . 8 73.5 62.8 70.3

D E C E M B E R 7 8 . 3 80.2 8 4 . 5 82.1 7 6 . 7 83.1 68.8 78.2

1976 J A N U A R Y 8 5.0 84,9 8 9 . 4 87.2 8 4 . 0 90.4 76.3 85.3

F E B R U A R Y 9 0 . 2 88.6 9 2 . 8 9 0 . 9 8 9 . 9 94.3 85.1 89.2

M A R C H 9 2 . 1 9 0 . 5 9 4 . 4 9 2 . 7 9 1 . 9 95.1 88.4 91.3

APRIL 9 3 . 4 9 2 . 3 9 5 . 5 9 4 . 0 9 3 . 2 95.7 90.5 9 2 . 4

M A Y 9 4 . 6 9 3 . 7 96 .6 9 5 . 7 9 4 . 4 96.0 92 .6 94.1

JUNE 9 6 . 0 9 5 . 4 9 7 . 7 9 6 . 8 9 5 . 8 9 6 . 4 95.1 96.1

JULY 9 6 . 6 9 6 . 6 9 8 . 3 9 7 . 5 9 6 . 4 9 6 . 7 95.8 97.0

A U G U S T 9 7 . 3 9 7 . 2 9 8 . 8 98.1 9 7 . 2 97.4 9 6 . 7 97.5

S E P T E M B E R OR LATER 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 100.0 1 0 0 . 0 100 .0

1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY W E E K L Y R E P O R T I N G B A N K S , 2/ T O T A L D E P O S I T S AS R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 . 3/ P R I M E B A N K S ARE T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y A N D W H I C H ARE

R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .


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

AS OF 2 7 AUG 1975 PERCENTAGE DISTRIBUTION

$1 BILLION A N D OVER

$200 $200 MILLION $500 MILLION PRIME 4/ CD'S M A T U R I N G IN TOTAL MILLION TO TO

AND UNDER $500 M I L L I O N $1 BILLION TOTAL OUTSIDE NON-PRIME NEW YORK NEW YORK

CITY CITY

1975 AUG 20-31

SEPTEMBER 41.8 58.3 51.9 49.9 37.2 29.0 40.4 53.6

OCTOBER 1*.0 14.1 19.8 19.9 19.0 22.7 15.3 17.5

NOVEMBER 18,0 13.6 13.B 14.2 19.9 24.% 17.0 13.5 DECEMBER 5.8 3.3 4 . 7 4.7 6 .4 9.7 3.6 3.8

1976 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 0.3 0 . 0 0.2 0.6 0.3 0.2 0.3 0.5 M A Y 0.3 0.4 0.3 0.5 0.2 0.1 0.4 0.5

JUNE 0.1 0.0 0.1 0.2 0.1 0.0 0.2 0.3 JULY 0.1 0.2 0.1 0.2 0.1 0.0 0.3 0.2

AUGUST OR LATER 1,9 1.5 1.6 1.9 1.9 0.9 3.5 1.2

TOTAL * 100.0 100.0 100.0 100.0 100.0 100.C 100.0 100.0 mm mn T f iffC MflD A MfM IM T A V A Un (\IU inCKirV MA Tl ID f TT CC 1 | ncnUKArlUU" 1 AX Aviv U1 V 1U t"U MA f UK 1

SEPTEMBER 10 3.1 3.5 2 . 6 3.0 3.1 2.7 3.3 3.9

SEPTEMBER 15 6.7 7.2 5.0 18.4 4.3 2.9 4.9 7.0

CMEMORANDUM: NUMBER OF BANKS)

245 82 76 50 37 7 12 18

1/ SEE TECHNICAL APPENDIX A, 2 / INCLUDES CERTIFICATES IN D E N O M I N ATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING B A N K S . 3/ TOTAL DEPOSITS AS REPORTED IN THE CALL REPORT OF CONDITION ON DECEMBER 31, 1 * 6 5 . 4 / PRI*E BANKS ARE THOSE WHOSE NEGOTIABLE CERTIFICATES OF DEPOSIT ARE REGARDED AS BEING OF THE HIGHEST QUALITY AND WHICH ARE

REPORTEN BY DEALERS TO TRADE WITHIN 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T . * TOTALS MAY NOT ADC DUE TO S O U N D I N G . Digitized for FRASER

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

TABLE 4A

A V E R A G E M A T U R I T Y

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 1/

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

AT V A R I O U S S U R V E Y D A T E S

CIN M O N T H S )

DATE OF S U R V E Y

27 AUG 1975 3 0 JUL 1975 25 JUN 1975

(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 2.7 2 . 7 2.8

N E W YORK C I T Y 2.5 2 . 6 2 . 7

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

OTHER 2.8 2 . 8 2.8

(BY SIZE OF B A N K ) 2/

U N D E R $ 2 0 0 M I L L I O N 2.6 2.6 2.5

$ 2 0 0 - $ 5 0 0 M I L L I O N 2 . 2 2 . 3 2.4

$ 5 0 0 - $ ! , O O C M I L L I O N 2.5 2 . 5 2.6

OVER SI B I L L I O N 2 . 9 2 . 8 2.9

P R I M E IN N E W YORK C I T Y 3 / 2.5 2 . 6 2 . 7

P R I M E O U T S I D E N E W Y O R K C I T Y 3 / 3.3 3 . 2 3.2

N O N - P R I M E 2 . 7 2 . 9 2 . 7

1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 * 0 0 0 OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .

2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N O N D E C E M B E R 3 1 , 1 9 6 5 .

3 / P R I M E B A N K S ARE THOSE W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y AND W H I C H ARE R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A RY M A R K E T .


TABLE 4B AVERAGE MATURITY

OF

NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

SOLO BY WEEKLY REPORTING BANKS

DURING THE MONTH OF VARIOUS SURVEYS

IIN MONTHS)

BANK CLASSIFICATION DATE OF SURVEY

27 AUG 1975 30 JUL 1975 25 J U N 1975

IBY 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

C8Y SIZE OF BANK) 2/

UNDER $200 MILLION 1.8 2.1 2.1 S200-S500 MILLION 1.8 1.8 2.2

$500-11,000 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 *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

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

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

NOTE.-%f( TECHNICAL APPfNOI* B. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 5A

R A T I O 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 1/

TO TOTAL D E P O S I T S

AT V A R I O U S SURVEY DATES

(PER CENT 1

DATE OF SURVEY

TOTAL D E P O S I T S 2/ (IN M I L L I O N S OF D O L L A R S ) 2 7 AUG 1075 30 JUL 1975 25 JUN 1075

ALL B A N K S ISSUING C D ' S 23.3 23.0 23.0

UNDER 2 0 0 14.3 14.3 14.5 zoo - see 17.9 17.9 18.4 eC0 - ICOO 18.3 18.1 18.1 OVER 1000 26.8 26.4 26.3

PR IMF |\ NEW YORK 3/ 32.3 31.3 30.1 PRIME OUTSIDE NEW YORK 3/ 24.5 24.6 25.4 \ONPRI"E 20.8 20.1 20.1

1/ INCLUDES 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 MORE ISSUED BY WEEKLY REPORTING B A N K S .

7f TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL R E P O R T OF CONDITION ON DECEMBER 31, 1 9 6 5 .

3/ PRI*E B A N K S ARE THOSE WHOSE N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT ARE R E G A R D E D AS BEING OF THE HIGHEST QUALITY AND W H I C H ARE R E P O R T E D 9V D E A L E R S T O T R A D E W I T H I N 1 OR 2 BASIS POINTS OF EACH OTHER WITHIN THE SECONDARY M A R K E T .

N O T E - D E P O S I T S IN THE DENOMINATOR OF THE R A T I O IN THIS TABLE A R E TOTAL D E M A N D AND TIME D E P O S I T S , I N C L U D I N G INTERBANK A N D U . S . G O V E R N M E N T D E P O S I T S #


TABLE 58

R A T I O O F 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 1/

T O TOTAL D E P O S I T S

AS OF 27 AUG 1975

CNUHBEP OF B A N K S )

TOTAL D E P O S I T S 2/ 5* 5 10 15 20 25% A V E R A G E CD OR TO TO TO TO OR TO D E P O S I T

U N M I L L I O N S OF D O L L A R S ) L E S S 10% 15% 2 0 % 25% MORE RATIO (PER C E N T )

ALL B A N K S ISSUING CD'S 34 25 4 4 41 4 4 57 23.3

UNDER 2 0 0 12 13 23 14 7 13 14.3

2 0 0 - 500 13 8 8 13 17 17 17.9

5 0 0 - 1000 7 4 7 8 11 13 18.3

O V E R 1000 2 0 6 6 9 14 26.8

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

PRIME O U T S I D E NEW YORK 3 / 0 0 0 4 4 4 24.5

N O N P R I M E 2 0 6 2 3 5 20.8

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

2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPORT OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .

*/ PRIME B A N K S ARE THOSE W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y A N D W H I C H ARE R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .

N O T E - D E P O S I T S IN THE D E N O M I N A T O R OF THE R A T I O IN T H I S T A B L E ARE TOTAL D E M A N D AND TIME D E P O S I T S , I N C L U D I N G I N T E R B A N K A N D U . S . G O V E R N M E N T D E P O S I T S .


T A B L E 5C

PER C E N T C H A N G E IN O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E OF D E P O S I T /I

3 0 JUL 1975 TO 27 AUG 1975

(NUMBER OF B A N K S )

TOTAL D E P O S I T S 2/

(IN M I L L I O N S OF D O L L A R S !

D E C L I N E S OF

C D ' S TO 10% OR 5 TO 5% OR Z E R O M O R E 10% L E S S

I N C R E A S E S OF

NO C H A N G E

5% OR LESS

5 TO lOt

10% OR MORE

I S S U E D C D ' S BUT H A D NONE O U T S T A N D -ING ON B A S E DATE

ALL B A N K S ISSUING C D ' S 25 3 0 10 22 35

U N D E R 2 0 0 0 9 9 22 3 2 0 9 10 0

2 0 0 - 5 0 0 0 0 12 15 5 21 4 10 0

5 0 0 - 1 0 0 0 0 4 4 1 0 2 16 5 9 0

OVER 1 0 0 0 0 3 5 10 0 9 4 6 0

P R I M E IN NEW YORK ?/ 0 0 1 2 0 2 1 1 0

P R I M E O U T S I D E N E W YORK 3/ 0 0 3 4 0 4 0 1 0

N O N P R I M E 0 3 I 4 0 3 3 4 0

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

2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .

3/ PRIME B A N K S ARE T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D A S B E I N G OF THE H I G H E S T Q U A L I T Y A N D W H I C H ARE R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF EACH O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .

NOTE- THE N U M B E R OF B A N K S IN T H I S T A B L E D I F F E R S FROM THOSE IN M O S T OTHER T A B L E S T O THE EXTENT T H A T B A N K S T H A T H A D O U T S T A N D I N G C D ' S O N THE L A S T S U R V E Y R E D U C E D THEIR O U T S T A N D I N G S T O Z E R O ON THIS S U R V E Y .


TABLE 5D

C E N T C H A N G E IN O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E OF D E P O S I T /I

28 M A Y 1975 TO 27 AUG 1975

(NUMBER OF B A N K S )

TOTAL D E P O S I T S /2

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

ALL BANKS ISSUING C D ' S

RFDU-

C D * S 25% 2 0 TO OR TO

ZERO MORE 25%

D E C L I N E S OF I NCREASE OF

15 T O

20% 10 TO 15%

5 TO 10%

5 % OR

LESS

N O

C H A N G E

5% OR

LESS

5 TO 10%

10 TO

15%

24 12 22 3 0 25 11

15 T O 20%

20 TO

25%

2 5 % OR

MORE

21

I S S U E D CD* S B U T HAD N O N E O U T S T A N D I N G ON BASE DATE

U N D E R 2 0 0 0 9 6 10 10 10 14 2 0 6 10 1 2 1 1

2 0 0 - * 0 0 0 7 2 8 11 14 8 3 12 2 3 1 1 4 0

5 0 0 - 1 0 0 0 0 5 3 1 4 6 10 0 8 1 5 1 3 3 0

O V E R 1 0 0 0 0 3 1 3 5 7 6 0 5 2 3 1 0 1 0

PRIME IN N E W YORK 3/ 0 0 0 0 0 2 3 0 1 0 0 1 0 0 0

P R I M E O U T S I D E N E W Y ORK 3/ 0 0 1 1 2 2 2 0 1 1 2 0 0 0 0

N O N P R I M E 0 3 0 2 3 3 1 0 3 1 1 0 0 1 0

1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY WEEKLY R E P O R T I N G B A N K S .

2/ TOTAL D E P O S I T S AS R E P O R T E D IN THE C A L L R E P O R T OF C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .

3/ PRIME B A N K S ARE T H O S E W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y AND W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S POINTS OF EACH O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .

N O T E - THE N U M B E R OF B A N K S IN T H I S T A B L E D I F F E R S FROM THOSE IN MOST O T H E R T A B L E S T O THE E X T E N T THAT BANKS T H A T H A D O U T S T A N D I N G C D * S O N THE S U R V E Y T H R E E M O N T H S PRIOR TO THE C U R R E N T S U R V E Y , R E D U C E D THEIR O U T S T A N D I N G S T O Z E R O .


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 OF 1 IN MILLIONS OF DOLLARS) 3t 2 1 It NO IT 1 2 3%

AND TO TO AND CHANGE AND TO TO AND OVER 3* 2% LESS LESS 2% 3% OVER

ALL BANKS ISSUING CD'S fe 10 21 75 10 79 27 9 8

UNDER 200 , 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 1 3 3 11 0 11 3 2 3

PRIME IN NEW YORK 3/ 0 0 1 2 0 2 1 0 1 PRIME OUTRIDE NEW YORK 3/ I 2 1 3 0 4 0 0 1

NON**IMf 0 1 1 6 0 5 2 ? 1

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

?/ TOt*L 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.

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 *F

CHANGE IH OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS

AT THE BEGINNING OF THE PERIOD

28 MAY 1975 TO 27 AUC- 1975

1NUMBER OF BANKS)

TOTAL DEPOSITS 2/ DECLINES OF INCREASES OF (IN MILLIONS 3F DOLLARS# 4 3 2 1 1% NO It 1 2 3 4 5%

AND TO TO TO TO AND CHANGE AND TO TO TO TO AND OVER 51 4t 3* 2? LESS UNDER 2T 3% 4% 5% OVER

ALL B A N K S I S S U I N G CD'S 15 II 16 31 40 50 5 37 17 11 A 2 5

UNDER 200 3 5 5 12 11 23 2 6 6 4 2 1 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 11 5 3 0 1 1 OVER 1000 3 1 2 5 R 6 0 4 3 3 0 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 HONPRI 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.

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

1/ 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 I 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 64

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

BY FEDERAL RESERVE DISTRICT

AS OF 27 AUG 1975

(AMOUNTS IN MILLIONS OF DOLLARS)

CD'S MATURING IN ALL OIS-

TRICTS BOSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

S T . LOUIS

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

K A N S A S CITY D A L L A S

SAN F R A N -C I S C O

m s AUG ?#-AUG 31 2899.* 137.1 903.8 127.1 112.1 93.2 134.6 449.9 36.3 34.6 76.5 203.6 590.7 SEP 26776.5 1378.7 9721.7 1160.3 1277,6 797.6 1070.8 3689.0 373.1 173.9 693.0 1644.3 4796.3

OCT 17104.3 750.4 7298.0 718.1 730.1 486.2 657.0 2623.7 180.3 127.6 282.4 757.3 2493.2 NOV 10710.5 340.4 5030.8 372.7 412.9 271.6 402.2 1399.4 91.8 63.1 176.7 445.4 1703.3 DEC 6210.8 191.6 2814,2 253.2 288.2 184.0 244.3 588.7 106.0 60.3 101.0 293.2 1086.1

1976 JAN 5415.4 144.2 2147.o 209.9 221.9 114.3 193.9 923.4 57.6 47.6 63.9 240.5 1050.1 FEE 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 76.8 271.8 63.9 117.1 29.2 40.4 262.4 17.3 11.4 35.9 75.6 558.2

APR 1030.5 79.7 182.1 18.0 77.2 31.0 31.0 147.5 15.4 6.1 20.3 72.0 350.2 MAY 1013.3 41.7 97.2 32.7 39,1 39.0 57.9 183.9 12.1 10.0 22.1 125.7 351.9 jm 1115.6 37.6 134.0 88.9 68.8 23.6 43.4 344.2 16.5 5.4 27.3 40.2 285.7

j at 505.7 18.8 94.5 33.6 26.4 18.7 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 2134.9 112.1 783.6 73.7 359.1 42.8 67.7 176.2 36.0 10.0 20.8 132.4 320.5

TOTAL 81311.3 3471.9 30858.1 3278.9 3901.0 2187.4 3132.4 11495.8 997.5 601.2 1605.9 4296.3 15484.9 A V E R A G E M A T U R I T Y IN M O N T H S 2 /

NUMBER OF REPORTING BANKS

2 . 7

249

2.5

16

2 . 4 2.6 3.4 2.4 4 0 10 1 7 1 7

2.5

23

2.7

36

2.7

11

2.7

5

2.3

17

2.7

23

3.1

1/ IWCIUOLS ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF SlOOtOOO OR MORE BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX #. # DETAILS MAY WOT ADO TO TOTALS DUE TO ROUNDING.


TABLE 6B 1/ 2/

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


AS OF 27 AUG 1975

(AMOUNTS IN MILLIONS OF DOLLARS)

CD'S MATURING IN ALL DIS-

TRICTS BOSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

S T . LOUIS

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

K A N S A S CITY D A L L A S

SAN F R A N -C I S C O

SEP 10928.1 720.7 3416.3 445.0 542.8 299.4 470.6 1589.2 183.2 6 7 . 6 322.9 7 8 7 . 9 2 0 8 2 . 5 OCT * 9 6 0 . 0 318.5 2119.4 281.2 173.9 176.5 177.8 872.6 7 7 . 2 2 9 . 5 9 5 . 4 1 6 9 . 0 4 6 9 . 0 NOV 4713.8 150.3 2217.4 203.2 135.7 148.5 148.7 650.7 50.3 15.3 8 7 . 7 191.0 7 1 5 . 0 DEC 1*14.8 60.4 861.7 45.3 69.0 41.1 36.1 140.9 16.6 2 3 . 1 19.7 4 5 . 6 155.3

1976 JAN 759.3 32.0 288.7 27.5 36.7 17.9 17.5 85.2 10.8 11.3 11.7 2 9 . 7 1 9 0 . 3 FEB 2395.4 73.2 846.8 51.1 51.7 25.7 92.4 116.3 16.5 8 . 7 2 6 . 2 100.0 9 8 6 . 8 MAR 136.6 2.4 61.3 9.3 2.6 6.4 2.1 8.6 0 . 8 1.4 0 . 0 7 . 7 3 4 . 0 APR 80.4 6.5 21.6 0.7 4.5 4.1 3 . 1 10.7 0.5 0 . 7 0.4 7.5 2 0 . 1 MAY 78.7 2.3 5.9 4.o 3.6 5.2 4.6 7 . 0 1.8 0 . 8 1.3 14.2 2 7 . 1 JUN 34.5 5.8 1.1 4.3 3.2 0.9 0 . 3 2.7 0.3 0.2 0.5 1.4 13.8 JUL 37.9 1.4 1.5 4.9 4.5 1.0 2.1 4 . 4 0.5 0 . 8 0.5 2 . 4 13.9 AUG OR L A T E R 486.6 51.1 75.1 26.7 41.6 9 . 4 13.2 6 8 . 9 4 . 1 5 . 0 12.2 28.1 151.2

TOTAL * 26126.1 1424.6 9916.8 1104.1 1069.8 736.1 968.5 3557.2 3 6 2 . 6 164.4 5 7 8 . 5 1384.5 4 8 5 9 . 0 AVERAGE MATURITY IN MONTHS 3/ 2.2 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,

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

3/ SEE TECHNICAL APPENDIX B.

* DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.


TABLE 6C


BY FEDERAL RESERVE DISTRICT AS OF 27 AUG 1 ^ 5

(PERCENTAGE DISTRIBUTION)

CO*S MATURING in ALL SAN D I S -

T R I C T S B O S T O N NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

FRAN-CISCO

1*75 AUC 2f -AUG 31 3.6 3.9 2.9 3.O 2.9 4.3 4 . 3 3.9 3.6 5.8 4 . 8 4 . 7 3.8

SEP 32.9 34.7 3 1 . 5 ?5.& 32.8 3 6 . 5 3 4 . 2 32.1 3 7 . 4 28.9 4 3 . 2 3 8 . 3 3 1 . 0

OCT 21.0 2 1 . 6 2 3 . 7 2 1 . 9 18.7 2 2 . 2 2 1 . 0 22.8 18.1 21.2 17.6 17.6 16.1 NOV 1 3 . ? 9.8 16.3 11.4 10.6 12.4 12.8 12.2 9 . 2 10.5 1 1 . 0 10.4 1 1 . 0

Off 7.6 5 . 5 9.1 7 . 7 7 . 4 8 . 4 7 . 8 5.1 1 0 . 6 10.0 6.3 6.8 7 . 0

1976 J A \ 6.7 4.2 7 . 0 6 . 4 5.7 * . 2 6 . 2 8 . 0 5 . 8 7.9 4 . 0 5.6 6.8

FFP 3 . 7 3.8 3.0 3.2 2.3 5.0 5.1 4 . 0 6.9 3.4 4.2 10.4 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 3. 6

APP 1.1 ?.? 0 . 6 0 . 5 2.0 1.4 1 . 0 1.3 1.5 1.0 1.3 1.7 2 . 3 MAY I.? 1.2 0.3 1.0 1.0 1.8 1.8 1.6 1.2 1.7 1.4 2.9 2.3

JUN I.* 1.1 0 . 4 2 . 7 1.8 !.l 1 .4 3 . 0 1 . 7 O.o 1.7 0 . 9 1.8

JUL 0.6 0 . 5 0.3 1.0 0 . 7 0.9 0 . 6 0.6 1.2 0.8 1.1 1.4 0.9

AUG 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 OR LATER 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 * 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 0 0 . 0 1 0 0 . 0 100.0

1/ EXCLUDES OfitY CERTIFICATES ISSUED IN DENOMINATIONS OF SlOOtOOO OR MORE BY WEEKLY REPORTING BANKS.


TABLE 6D



AS OF 27 AUG 1975

ICUMULATIVE PERCENTAGE 1

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

TRICTS BOSTON YORK DELPHIA LAND MOND ATLANTA CAGO LOUIS APOLIS CITY DALLAS CISCO 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 3.8 SEP 36.5 43.6 34,4 39.3 35.7 40.8 38.5 36.0 41.0 34.7 48.0 43.0 34.8 OCT 57,5 65,2 58.1 61.2 54.4 63.0 59.5 58.8 59.1 55.9 65.6 60.6 50.9 NOV 70.7 75,0 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 80.6 83.5 80.3 72.4 8*. 8 80.1 76.1 78.9 76.4 82.9 77.8 68.9 JAN 85.0 84,7 90.5 86.7 78.1 89.0 86.3 84.1 84.7 84.3 86.9 83.4 75.7 FEB 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 95,2 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 93.6 92.8 91.9 94.1 93.8 91.1 92.0 MAY 94,6 94,1 96.1 93.1 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 95.8 89.1 96.9 96.8 97.4 94.8 96.7 96.9 94.9 96.1 JVt 96.6 95.7 96.8 96.8 89.8 97.8 97.4 98.0 96.0 97.5 98.0 96.3 97.0 Aur, 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 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/ IHCLUDFS ONLY C E R T I F I C A T E S ISSUED I N DENOM I N A T I O N S OF $ 1 0 0 * 0 0 0 OR MORE BY WEEKLY REPORTING B A N K S ,


TABLE 6E 1/ 2/

SALFS OF NEGOTIABLE TINE C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH W E E K L Y REPORTING RANKS


AS OF 27 AUG 1975

(PERCENTAGE DISTRIBUTION!

CD'S MATURING M AII Ois- NEW PHILA- CLEVE- RICH- CHI- ST. MINNE- KANSAS FRAN-

TRICTS BOSTON YORK OELPMIA LAND MONO ATLANTA CAGO LOUIS APOLIS CITY DALLAS CISCO ________ ________

SEP 41.# 40.6 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 18.0 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 S.8 4.2 6.7 4.1 6.4 5.6 3.7 4.0 4.6 14.1 3.4 3.3 3.2

1*?6 JAN 3.9 2.2 2.9 2.5 3.4 2.4 1.8 2.4 3.0 6.9 2.0 2.1 3.9 FEU 9.? 5.1 8.5 4.6 4.8 3.5 9.5 3.3 4.6 5.3 4.5 7.2 20.3 MAR 0.* 0.2 0.6 0.8 0.2 0.9 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 HAY 0.3 0.2 0.1 0.4 0.3 0.7 0.5 0.2 0.5 0.5 0.2 1.0 0.6 MM 0.1 0.4 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 AUG 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 * 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

I/ fif TECHNICAL APS>ENOIX A. 1/ :#0CLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF SlOOtOOO OR MORE BY WEEKLY REPORTING BANKS. *m?C - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAT HAVE MATURED. * HETAIiS HAY NOT ADD TO TOTALS DUE TO HOUNDING.


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 current 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 regulations is 30 days, the time period between

monthly survey dates

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

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

SAIfS

Average maturity of negotiable time certificates of deposit sold

between survey dates are calculated in exactly the same way. That lse 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 ease 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 tales 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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