l41_19761228.pdf

December 28, 1976 L.4.1 CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF

DEPOSITS AT LARGE WEEKLY REPORTING BANKS

as of

November 24, 1976

NOTE: Sales since the previous survey and comparisons with previous data reflect revisions in the October report whereby $ 7.1 million in outstanding negotiable CDs have been deducted from the series.

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

TECHNICAL APPENDIX A

DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT

Sales of CD's between survey dates are derived in the following

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

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

CD s maturing in the remaining portion of the month in which the current

survey is taken are ignored. Those CD's maturing after the last Individual

month shown in the current survey (i.e. CD's with the longest maturity) are

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

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

parable' to the longest maturity CD's shown on the previous survey.

The procedure used produces gross sales of CD's between survey

dates maturing in each of the eleven full months after the currect survey,

and combines sales of CD's maturing in twelve or more months Some sales

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

survey dates that mature in the remaining days of the calendar month of the

current survey are ignored. However, since the minimum maturity for ties

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

between surveys and (2) the amount, if any, of sales between survey dates

that mature in the remaining days of the calendar month in which the current

survey is taken.


TECHNICAL NOTE B CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT

OUTSTANDINGS

Average maturities of outstanding negotiable time certificates of

deposit are calculated on a weighted average basis. All CD's are assumed to

mature in the middle of the month and those CD's maturing in the survey

month after the survey date are assumed to mature in the middle of the

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

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

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

starting date for calculations is the survey date.

A downward bias in the calculated average maturity develops from

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

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

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

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

SALES

Average maturity of negotiable time certificates of deposit sold

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

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

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

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

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

maximum of 6 days) are ignored.


Technical Note B (continued)

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

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

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

such an assumption"would tend to reduce comparibillty 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 esse with the outstandings series. Thus, large changes in

the calculated average maturity of sales, or situations in which the average maturity of sales differ sharply from the average maturity of outstandings.

should be interpreted with care and references should be made to actual dollar sales by month.

Formulas for calculation of average maturities are available on

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

of Governors of the Federal Reserve System.


TABLE 1 1/

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT

WEEKLY REPORTING BANKS

AS OF 24 NOV 1976

, MATURING IN AMOUNT

(MILLIONS OF DOLLARS)

PERCENTAGE 01STRIBUTION

NOVEMBER 25 - 30 3,955.5 O.2

DECEMBER 19,260.0 30.4

R JANUARY 12,399.8 19.5

FEBRUARY 6,893.8 10.9

MARCH 4,579.3 7.2

APRIL 4,935.8 7.8

MAY 3,610.0 5.7

JUNE 1,399.5 2.2

JULY 1,116.9 1.8

AUGUST 1,185.6 1.9 SEPTEMBER 725.6 1.1

OCTOBER 564.7 .9

NOVEMBER 393.5 .6

OVER 12 MONTHS 2,408.1 3.8

TOTAL 63,428.2 100.0

CUMULATIVE PERCENTAGE

6.2 36.6

56.1

67.0

74.2

82.0 87.7

89.9

91.7 3.6

94.7

95.6

96.2

100.0 XXX

SALES SINCE PREVIOUS MONTH 2/

(MILLIONS OF DOLLARS)

.0 6,848.0

3,753.0

2,851.3

467 .6

454.9

2,661.0 179.7

57.0

178.4

88.0 92.3

489.5 3/

XXX

18,120.8

DECEMBER 10 DECEMBER 15

IMEMORANDUM:

900.4 2,122.0

TAX AND DIVIDEND MATURITIES)

1.4 3.3

XXX XXX

2*1.6 579.6

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

2/ SEE TECHNICAL APPENDIX A.

3/ SALES OF CD'S MATURING AFTER 11 MONTHS.


TABLE 2A

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

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

AS OF 24 NOV 1976

(IN MILLIONS OF DOLLARS)

NEW YORK CITY CHICAGO ALL OTHER WEEKLY REPORTING BANKS

CD'S MATURING IN AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH 2 / A #

1976 NOV 25 - NOV 30 1,288.0 .0 435.1 .0 2,232.5 .0 DECEMBER 6,641.1 1,998.7 1,615.7 628.2 11 ,003.2 4,221.1

1977 JANUARY 4,346.1 1,405.7 1,241.3 398.3 6,812.5 1,949.1 FEBRUARY 2,799.5 1,166.6 615.2 254.9 3,479.1 1,429.8 MARCH 1,789.5 167.0 376.8 32.9 2,413.0 267.8 APRIL 2,173*2 94.7 561.8 1.0 2,200.9 359.4 MAY 1,657.7 1,462.5 247.4 154.4 1,704.9 1,044.1 JUNE 338.1 47.7 240.2 .2 821.3 131.9 JULY 170.8 25.3 298.0 .4 648.1 31.4 AUGUST 152.4 5.B 289.5 18.5 743.7 154.1 SEPTEMBER 114.6 16.7 39.1 5.0 572.0 A OCTOBER 89.2 9.6 125.3 10.7 350.3 72.1 NOVEMBER 90.6 101.5 /3 5.7 8.4 /3 297.2 379.7 /3 OVER 12 MONTHS 467.8 XXX 459.5 XXX 1 ,480.8 XXX

TOTAL * 22,118.6 FC,501.8 6,550.6 1,512.9 34,759.5 10,106.8 NUMBER OF REPORTING BANKS 10 12 217

1 MEMORANDUM: TAX AND DIVIDEND MATURITIES)


339.0 868.4

26.2 1 68.4

50.9 145.4

14.6 33.1

510.5 1,108.2

200.9 378.0

1/ INCLUDES ONLY CERTIFICATES IN DENOMINATION OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPENDIX ft.

3/ SALTS OF CD'S MATURING AFTER 11 MONTHS.

* TOTALS MAY NOT ADD DUE 70 ROUND INC.


TABLE 2B

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

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

AS OF 24 NOV 1976 AND 27 OCT 1976

(PERCENTAGE DISTRIBUTION)

CD'S MATURING IN NEW YORK CITY

24 NOV 27 OCT

CHICAGO

24 NOV 27 OCT 24 NOV

ALL OTHER

27 OCT

0-6 DAYS 2/ 5.8 2.6 6.6 3.5 6.4 3.6

01 MONTHS 3/ 30.0 30.4 24.7 28.C 31.7 32.2

02 MONTHS 19.6 21.7 18.9 14.7 19.6 19.4

03 MONTHS 12.7 13.7 9.4 12.5 10.0 13.9

G4 MONTHS 8.1 7.6 5.8 5.4 6.9 5.9

05 MONTHS 9.8 7.6 8.6 5.1 6.3 6.1

06 MONTHS 7.5 9.7 3.8 8.3 4.9 5.3

07 MONTHS 1.5 .9 3.7 1.4 2.4 1.9

OB MONTHS 8 1.4 4.5 3.6 1.9 2.0

C9 MONTHS .7 .7 4.4 4.4 2.1 1.8

10 MONTHS .5 .7 .6 4.0 1.6 1.7

11 MONTHS .4 .5 1 .9 .5 1.0 1.4

12 MONTHS .4 .4 .1 1.7 .9 .6

OVER 12 MONTHS 2.1 2.1 7.0 6.8 4.3 4.0

TOTAL * 100.0 100.0 100.0 100.0 100.0 100.C

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

.IMT.IT, T,F. UAVS >$ ININI, IN SURVEY MONTH. THLB PERIOD VARIES WITH THE NUMBER OF DAYS *01LOW INC, THE LAST WEDNESDAY OF THE MONTH.

V M N U M OF MONTHS FOLLOWING THE SURVEY MONTH.

* TOTALS MAY NOT ADD DUE TO ROUNDING.

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

TABLE 2C

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

NEW YORK CITY, CHICAGOT AND ALL OTHER WEEKLY REPORTING BANKS AS OF 24 NOV 1976 AND 27 OCT 1976

(CUMULATIVE DISTRIBUTION)

NEW YORK CITY CHICAGO ALL OTHER CD'S MATURING IN

24 NOV 27 OCT 24 NOV 27 OCT 24 NOV 27 OCT

0-6 DAYS 2/ 5.8 2.6 6.6 3.5 6.4 3.6

01 MONTHS 3/ 35.8 33.0 31.3 31.5 38.1 35.8 02 MONTHS 55.4 54.7 50.2 46.2 57.7 55.2

03 MONTHS 68.1 68.4 59.6 58.7 67.7 69.1

0% MONTHS 76.2 7U.O 65.4 64.1 7*.6 75.0 05 MONTHS 86.0 83.6 74.0 69.2 60.9 81.1 06 MONTHS 93.5 93.3 77.8 77.5 65.8 86.4

07 MONTHS 95.0 94.2 61.5 78.9 68.2 68.3

08 MONTHS 95.8 95.6 86.0 82.5 90.1 90.3 09 MONTHS 96.5 96.3 90.4 86.9 92.2 92.1

10 MONTHS 97.0 97.0 91.0 90.9 93.8 93.8 11 MONTHS 97.4 97.5 92.9 91 .4 94.8 95.2

12 MONTHS 97.8 97.9 93.0 93.1 95.7 96.0

OVER 12 MONTHS 100.0 100. 0 100.0 100.0 100.0 100.0

1/ 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/ NUNBE* OF MONTHS FOLLOWING THE SURVEY MONTH.


m i l si MATURITY O I S m e u r t O N OF OU1 STANDING NEGOTIABLE TIME CERTIFICATES Oh DEPOSIT 1/ Al WEEKLY REPORTING BANKS BY SIZE OF BANKS 2/

AS OF 24 NOV 1976 IAMOUNTS IN MILLIONS OF DOLLARS)

CD'S MATURING I*

1*?6 NOV 24-30

1977 JANUARY FEBRUARY MARCH APRIL MAV JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER OR LATER

TOTAL *


10TAL

3,955.5 19,260.0 12,399.6 6*893.8 4,579.3 4,935.7 3.610.0 1.399.5 1,116.9 1.185.6

725.8 564.7 393.6

2.406.1 63,428.3

900.4 2*121.9

239

15 BILLION AND OVER $500 $500 MILLION

MILLION TO AND UNDER $1 BILLION

202.1 1,114.5

636.4 340.4 156.1 131.9 127.3 66.1 62.4 48.1 64.7 31.2 20.0

400.4 1,976.1 1,118.7

548.1 355.6 363.5 217.9 115.1 111.0 91.5 70.8 49.6 70.7

$1 BILLION TO

S5 BILLION

1.191.7 6,341.9 3,766.9 1,715.6 1,129.9 1.195.8

748.2 380.4 314.4 268.1 316.8 216.C 166.5

TOTAL

2,161, 9,827 6,877 4,28V, 2,937, 3,244, 2,516,

637, 629, 777, 273, 267, 136,

NEW YORK CITY

1,244.6 5,959.9 4,066.8 2,664.0 1,676.8 2,030.8 1 ,617.0

327.4 158.3 143.7 99.2 86.2 90.5

455.7 20,623.1

86.9 542.0 1,715.4 5,575.9 18,294.2 36,493.2

TAX AND DIVIDEND MATURITIES) 56.6 246.1 559.7 299.5 165.5 672.4 1,193.1 790.2

(MEMORANDUM: NUMBER OF BANKS) 77 62 83 17 7

63.8 3,065.0

IMEMORANDUM: 38.0 90.9

OUTSIDE NEW YORK

CITY 916.5

3.867.6 2,809.0 1.625.7 1,260.9 1,213.7

899.6 510.5 470.8 634.2 174.3 181.7 45.9

1,259.7 15,870.1

260.2 402.9

10

1Z 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 ADO DUE TO ROUNDING.


TABLE 38

MOVFUELft w late* fOfAt

OECEMBE* 10

OTCE*BER 15

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

AS OF 24 NOV 19T6 IAMOUNTS IN MILLIONS OF DOLLARS)

40*.5 18,121*1

241.6

579.4

20.4 1,016.7 (MEMORANDUM

15.& 3

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

AS OF 24 NOV 1976 PERCENTAGE DISTRIBUTION

CD'S MATURING IN TOTAL

S5 BILLION AND OVER >500

MILLION $500 MILLION

TO SI BILLION

TO AND UNDER $1 BILLION $5 BILLION TOTAL

NEW YORK CITY

OUTSIDE NEW YORK

CITY

1976 NOV 2530 6.2 6.6 7.2 6.5 5.9 6.0 5.8

DECEMBER 30.4 36.4 35.4 34.7 26.9 CD 24.4

1977 JANUARY 19.5 20.8 20.1 20.6 18.8 19.7 17.7

FEBRUARY 10.9 11.1 9.8 9.4 11.B 12.9 10.2 MARCH 7.2 5.1 6.4 CO o 8.1 7.9

APRIL CD 4.3 6.5 CO tr.

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

AS OF 24 NOV 1976 CUMULATIVE PERCENTAGE

CD*S MATURING IN

1976 NOV 25-30 DECEMBER

1977 JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER OR LATE*

TOTAL $500

MILLION AND UNDER

$500 MILLION TO

$1 BILLION

6.2 36.6 56.1 67.0 74.2 *2.0 87.7 89.9 91.7 93.6 94.7 95.6 96.2

100.0

6.6 43.0 63.8 74.9 80,0 84.3 88.5 90.7 92.7 94.3 96.4 97.4 96.1

100.0

7.2 42.6 62.7 72.5 78.9 85.4 69.3 91.4 93.4 95.0 96.3 97.2 98.5

100.0

$1 BILLION TO

$5 BILLION

$5 BILLION AND OVER

6.5 41.2 61.8 71.2 77.4 83.9 88.0 90.1 91.8 93.3 95.0 96.2 97.1

100.0

TOTAL

5.9 32.6 51.6 63.4 71.4 8G.3 67.2 89.5 91.2 93.3 94.0 94.7 95.1

100.C

NEW YORK CITY 6.0

34.9 54.6

67.5 75.6 85.4 93.2 94.8

95.6 96.3 96.6 97.2 97.6

100.0

OUTSIDE NEW YORK

CITY 5.8

30.2 47.9 58.1 66.0 73.6 79.3 62.5 65.5 89.5 90.b 91.7 92.0

100.0

IZ 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.


taste 3E

$5 BILLION AND OVER

COS MATURING IN TOTAL

DECEMBER 10 DECEMBER IS

1976 MOV 25-30 DECEMBER 37#

1917 JANUARY 20.7 FEBRUARY 15*7 MARCH 2.6 APRIL 2.5 MAY 14.7 JUNE 1.0 JULY 0.3 AUGUST 1.0 SEPTEMBER 0.5 OCTOBER 0.5 NOVEMBER OR LATER 2.7 TOTAL * 100.0

1.3 3.2

23*

$500 $500 MILLION $1 BILLION MILLION TO TO

AND UNDER $1 BILLION $5 BILLION

47.2 17.5 15.7 2.7 2.2 8.3 1.0 0.1 1.0 1.6 0.8 2.C

100.0 IMEMORANDUM 1.6 3.9

51.2 17.2 14.1 2.5 3.6 5.6 0.6 0.2 0.6 0.2 0.2 3.8

100.0

43.4 22.0 13.8 3.2 2.5 8.3 1.0 0.4 1.2 0.5 O.fr

2.9 100.C

TOTAL

31.0

20.9

17.2

2.2

2.4

20.8 1.1 0.3

0.9

O.t 0.4

2.4

1C0.0

NEW YORK CITY

27.7

21.8 19.0

2.5

1.3

24.3

0.8 0.4

0.1 0.3

0.2

1.7

100.0

OUTSIDE NEW YORK

CITY

TAX AND DIVIDEND MATURITIES) 1.7 1.8 0.9

4.5 4.1 2.

IMEMORANDUM: NUMBER OF BANKS) 77 62 83 17

1/ SEE TECHNICAL APPEND!! A. 2/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100*000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 1/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30. 1975. WITALS *SAY NOT A00 DUE TO ROUNDING.

0.1 2.2

36.3

19.4

14.2

1.7

4.1

15.1

1.5

0.1 2.3

0.7

0.7

3.7

100.0

2.3

2.5

10


TABLE 4A AVERAGE MATURITY

OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES

U N MONTHS)

DATE OF SURVEY BANK CLASSIFICATION

24 NOV 1976 27 OCT 1976 29 SEP 1976 (BY LOCATION)

ALL REPORTING BANKS ISSUING CD*S 3.0 2.9

N* YORK CITY CHICAGO OTHER

M I T # IFOO MILLION

*500-##,COC MILLION

tl,G0fi~t*000 MILLION OVfR SS BILLION

IN NfH YORK CITY OUTSIDE NEW YOPic CITY

2*7 3.7 3.1

2.6 2.6 2.8 3.2

2.6 3.8

2.7 3.9 3.0

I BY SIZE OF BANK) 2/

2.6 2.7 2.8 3.2

2.6 3.7

2.5

3.6

3.0

2.6 2.6 2.7

3.1

2.6 3.6

y VetiUlt * l>wliHi*ff $ #N 01 NOMINATIONS Of 1100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. If fOfAt *SSfTS AS RfPOBTfO IN Tm| CALL REPORT OF CONDITION ON JUNE 30, 1975.


TABLE 4B AVERAGE MATURITY

OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

SOLO BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS

(IN MONTHS)

BANK CLASSIFICATION 24 NOV 1*76

DATE OF SURVEY 27 OCT 1976 29 SEP 1976 (BY LOCATION)

ALL REPORTING BANKS ISSUING CD'S 2.7 2.6 2.5

Nt* YORK CITY CHICAGO OTHER

UNDER **00 MILLION **00-*!.COO MILLION *l960-SSeC00 MILLION OVER *S BILLION

IN NIK YORK CITY OUTSIDE NEW YORK CITY

2.8 2.1 2.7

3 . 0

3.1 2.3

IBY SIZE OF BANK) 2/

2.4 2.2 2.4 3.0 2.9 3.0

2.0 2.1 2.5 2.9 3.1 2.6

2.8 2.5 2.4

2.1

2.2 2.2 2.6 2.9 2.7

4/ NIVH>I 1 LiHfSMtAttS IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. !/ IfllSi AS$! IS AS REPORTED IN iHf CALL RFPORf OF CONDITION ON JUNE 30, 1975.

APPfNri* B.


TABLE 5A RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES

I PER CENT)

DATE OF SURVEY

TOTAL ASSETS 2/ U N MILLIONS OF DOLLARS I

ALL BANKS ISSUING CD'S

UNDER $00 SCO - 1000 1000 - 5000 OVER 5000

IN NEW YORK CITY OUTSIDE NEW YORK CITY

24 NOV 1976

17.3

13.1 14.1 14.1 21.0 25.0 17.4

27 OCT 1976

17.5

13.7 14.5 14.1 21.3 25.2 17.9

29 SEP 1976

18.4

14.3 15.0 14.9 22.2 25.4 19.5

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.

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


TABLE 5B

RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

TO TOTAL DEPOSITS

AS OF 24 NOV 1976

(NUMBER OF BANKS)

TOTAL ASSETS a/ 5% OR

U N MILLIONS OF DOLLARS 1 LESS

ALL BANKS ISSUING CD'S 44

5 TO lOt

UNDER 500 15

500 - 1000 13

1000 - 5000 16

OVER 5000 0 IN NEW YORK CITY 0

OUTSIDE NEW YORK CITY 0

46

19

12 12 3

0 3

10 TO 151

47

17

14

15

1 1 0

15 TO

201 20 TO 25%

10 6

21

3 O 3

25% AVERAGE CD OR 10 DEPOSIT

MORE RATIO (PER CENT)

8 8

12

3

3

0

17.3

13. 1

14.1

14.1

21.0

25.0

17.4

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 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.


TABLE 5C

PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I 27 OCT 1976 TO 24 NOV 1976

(NUMBER OF BANKS)

TOTAL ASSETS 2/ U N MILLIONS OF DOLLARS)

DECLINES OF CD'S TO 10* OR 5 TO 5% OR ZERO MORE 10% LESS

NO CHANGE

INCREASES OF ISSUED CD'S BUT 5% OR 5 TO 10% OR HAD NONE OUTSTAND-INGS 10% MORE ING ON BASE DATE


UNDER 503 500 - 1000 1000 - 5000 OVER 5C00

IN NEW YORK CITY OUTSIDE NEW YORK CITY

39

16 7 15 1 0 1

34

11

14 7 2

0 ?.

57

13 20 18

6 1 5

12

6 2 4 C 0 0

44

13 6

21 4 3 1

23 30

13 6 9 2 1 1

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.

NOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.


TABLE 5D

PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TINE CERTIFICATE OF DEPOSIT /I 25 AUG 1976 TO 24 NOV 1976

(NUMBER OF BANKS)

TOTAL DEPOSITS /2 (IN MILLIONS OF DOLLARSI


REDU-CED CD'S 25% 20 TO OR TO

ZERO MORE 251

DECLINES OF INCREASE OF IS TO 20T

10 TO 15%

5 TO 10%

St OR LESS

NO CHANGE

20 14 IB 20 39 30

5% OR

LESS

28

5 TO 10%

19

10 TO 15%

13

15 TO 20%

20 TO

25% 25% OR

MORE

ISSUED CD'S BUT HAD NONE OUTSTANDING ON BASE DATE

19

UNDER 500 0 7 3 5 3 14 5 4 14 6 6 2 2 6 0 *00 - 1000 0 6 3 4 6 12 5 0 5 B 4 1 2 5 1 looo - scec 0 7 8 7 6 11 14 2 9 4 2 4 1 8 0 OVER 5000 0 0 0 2 5 2 6 0 0 1 1 0 0 0 0

IN m n YORK CITY 0 0 0 1 1 1 3 0 0 1 0 0 0 0 0 OUTSIDE NEW YORK U T V 0 0 0 1 4 I 3 0 0 0 1 0 0 0 0

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF SlCOeOOC OR MORE ISSUED BY WEEKLY REPORTING bANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30 , 1975.

NOTE- THE NUMBER OF BANKS HAD OUTSTANDING CO*

IN S ON

THIS TABLE DIFFERS FROM THE SURVEY THREE MONTHS

THOSE IN MOST PRIOR TO THE

OTHER TABLES TO CURRENT SURVEY,

THE EXTENT THAT REDUCED THEIR

BANKS THAT OUTSTANDINGS TO ZERO.


TABLE SE

CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

OVE* THE MONTH AS A PER CENT OF TOTAL DEPOSITS

AT THE BEGINNING OF THE PERIOD

27 OCT 1976 TO 24 NOV 1976

INUMBER OF BANKS)

TOTAL ASSETS 2/ DECLINES OF INCREASES OF

IIN MILLIONS OF COLLARS! 3S AND OVER

2 TO U

1 TO 2T

IS AND LESS

NO CHANGE

IS 1 AND TO LESS 2S

2 TO 3*

3% AND OVER

ALL BANKS ISSUING CD'S 6 13 32 79 12 60 23 5 9

UNOER 900 S 6 11 20 6 23 2 3 3 0C - 1000 0 3 13 25 2 11 6 0 2

1000 - $000 S 4 5 28 4 22 12 2 3

OVER $000 0 0 3 6 0 4 3 0 1 IN NEw YOR* city 0 0 0 1 0 3 3 0 0 OUTSIDE NEW YORK CITY 0 0 3 5 0 I 0 0 1

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. 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 SF

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 PERIOD 25 AUG 1976 TO 24 NOV 1976

INUMBER OF BANKS 1

TOTAL illlfl 1/ DECLINES OF INCREASES OF U N MILLIONS OF DOLLARS! St

AND OVER

4 TO ss

S TO 4t

2 TO Sf

1 TO 2t

It AND LESS

NO CHANGE

It AND

UNDER 1

10 2%

2 TO 3%

3 TO 4%

4 10 5%

5% AND OVER

ALL SANES ISSUING CD'S 7 8 13 27 34 54 e 49 13 12 4 3 8

UNDER SCO 1 2 3 10 10 12 4 23 5 3 3 0 1 *00 - I000 2 1 4 7 10 12 0 13 5 3 0 0 4 1000 - *000 4 S 4 6 11 24 2 13 3 5 1 2 3 OVER SEE 0 0 2 4 3 6 0 0 0 1 0 1 0

IN NEW YORK CITY 0 0 I 2 0 3 0 0 0 1 0 0 0 OUTSIDE NEW YORE CITY C 0 I 2 3 3 0 0 0 G 0 1 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.

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


TABLE 6A MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT

AS OF 24 NOV 1976 (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 J FRAN# CISCO

19 Te NOV 25-WOV SO 3955.6 132.2 1417.3 239.1 184.9 117.8 187.1 590.0 41.1 33.1 108.0 267.7 637.3

DEC 19260.1 955.5 7453.2 783.0 1139.9 534.9 803.1 2514.7 290.8 140.3 494.5 1521.0 2629.2 1977 JAN 12399.8 506.7 4632.4 530.4 582.5 509.6 525.3 1710.5 171.0 200.3 345.1 961.9 1724.1

FEB 6893.8 224.0 2935.6 207.1 280.2 248.3 246.0 899.3 88.9 60.9 145.5 401.8 1156.0 MAR *579.3 131.4 1850.2 161.7 261.3 113.5 161.6 542.0 58.2 55.2 121.9 204.0 898.3 A PP. 4935.7 124.3 2218.7 147.4 297.3 119.4 152.1 768.5 45.3 23.7 89.4 269 .0 680.6 WAY 3610.1 96.6 1720.2 121.0 268.1 111.8 117.1 325.0 49.1 19.3 63.1 151.2 567.6 JIPN 1399.5 44.6 370.7 91.0 99.6 59.6 51.0 296.4 22.6 18.8 29.5 78.2 237.5 JUL 1116.9 33.3 184.2 50.7 63.8 25.7 49.4 326.2 9.3 2.5 42.0 143.7 186.1 AUG 1165.6 23.4 162.0 34.9 117.3 24.4 45. 1 316.1 6.4 13.1 32.0 95.4 315.5 SEP 725.9 14.8 156.8 40.4 75.0 24.0 41.8 70.5 41.0 16.6 21.3 84.9 138.1 OCT 564.7 12.4 100.6 41.2 42.6 13.3 42.9 142.3 10.1 9.5 14.6 59.2 75.9 NOV 393.6 21.6 96.4 24.6 34.4 11.2 44.3 18.1 2.8 19.3 17.7 45.6 57.4 DEC OR LATER 2408.1 136.7 487.4 114.6 337.6 41.6 54.0 477.3 17.2 11.7 43.1 65.7 621.2

TOTAL 63428.7 2457.7 23765.9 2587.2 3804.5 1955.1 2520.8 8996.9 853.8 624.3 1567.7 4349.3 9925.5 AVERAGE MATURITY IN NDNTMS 2/ mjwei * if *FPO*TINC HANKS

3.0

239

2.7

It

2.6

16 10 16

2.7

19 22 18

2.7

22 28

1/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. 2/ SEE TECHNICAL APPFNDIM B. # DETAILS WAY NOT ADO TO TOTALS DU# TO ROUNDING.


AVERAGE MATURITY IN MONTHS 3/

TABLE 6B 1/ 2/

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

BY FEDERAL RESERVE DISTRICT

AS OF 24 NOV 1976

(AMOUNTS IN MILLIONS OF 1 DOLLARS)


TRICTS BOSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN FRAN-CISCO

DEC 6848.1 383.2 2378.3 316.3 449.9 176.1 287.6 902.5 81.1 49.6 203.4 652.6 967.5

1977 JAN 3753.2 221.9 1526.1 218.5 118.5 142.5 116.5 496.5 43.1 122.2 120.0 228.1 397.3

FEB 2851.3 104.7 1242.3 106.8 134.0 120.1 95.0 380.8 31.3 7.3 78.9 185.2 364.9

MAR 467.6 15.6 181.7 20.8 43.5 27.8 17.6 56.6 4.8 16.5 17.6 17.5 45.6

APR 454.9 17.3 98.8 22.1 78.4 18.6 30.1 48.6 6.6 7.0 14.2 11.3 101.^

MAY 2661.1 66.7 1502.7 85.3 207.5 88.0 83.0 184.8 32.5 12.3 33.0 67.0 298.3

JUN 183.8 2.1 59.0 3.6 40.2 2.0 9.1 14.4 0.4 15.6 0.1 10.9 26.* JUL 57.0 1.6 26.7 0.3 3.7 8.0 8.6 1.8 0.1 1.1 0.5 0.6 4.0 AUG 178.5 5.9 6.5 5.7 31.6 6.3 15.2 23.6 2.2 6.2 1.8 16.2 57.3 SEP 88.1 5.1 26.7 2.5 8.4 3.4 1.8 8.3 2.2 0.9 1.7 14.6 12.5 OCT 92.4 3.4 15.6 1.5 13. 1 0.7 16.C 11.0 0.5 4.0 0.8 6.2 19.6

NOV OR LATER 489.5 17.0 105.1 25.6 80.4 13.6 38.9 21.5 2.6 21.9 18.3 46.3 98.3 TOTAL * 18125.5 844.5 7169.5 809.0 1209.2 607.1 719.4 2154.4 207.4 264.6 490.3 1256.5 2393.6

2.6 2.1 2.7 2.4 3.5 2.8 3.1 2.2 2.5 3.4 2.3 2.2 2.8 1/ SFF TECHNICAL APPENDIX A. 2/ INCLUDES ONLY CERTIFICATES ISSUFN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. 3/ SEL TECHNICAL APPENDIX b.

* DETAILS MAY NOT ADD 10 TOTALS DUE TO ROUNDING.


TABLE 6C MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT

AS OF 24 NOV 1976 (PERCENTAGE DISTRIBUTION)

CD'S MATURING IN ALL SAN M m DIS- NEW PHI LA- CLEVE- RICH- CHI- ST. MINNE- KANSAS FRAN-^^

TRICTS BOSTON YORK DELPHI A LAND MONO ATLANTA CAGO LOUIS APOLIS CITY DALLAS CISCO 1976 NOV 25-NOV 30 6.2 5.4 6.0 9.2 4.9 6.0 7.4 6.6 4.8 5.3 6.9 6.2 6.4

DEC 30.4 38.9 31.3 30.3 30.0 27.4 31.9 28.0 34.1 22.5 31.5 35.0 26.5

1977 JAN 19.5 20.6 19.5 20.5 15.3 26.1 20.8 19.0 20.0 32.1 22.0 22.1 17.4 FEB 10.9 9.1 12.3 8.0 7.4 12.7 9.8 10.0 10.4 9.8 9.3 9.2 11.6 MAR 7.2 5.3 7.8 6.3 7.4 5.6 6.4 6.0 6.8 8.8 7.8 4.7 9.1 APR 7.8 5.1 9.3 5.7 7.8 6.1 6.0 8.5 5.3 3.8 5.7 6.2 6.9 MAY 5.7 3.9 7.2 4.7 7.0 5.7 4.6 3.6 5.8 3.1 4.0 3.5 5.7 J UN 2.2 1.8 1.6 3.5 2.6 3.0 2.0 3.3 2.6 3.0 1 .9 1.8 2.4 JUL 1.8 1.4 0.8 2.0 1.7 1.3 2.0 3.6 1.1 0.4 2.7 3.3 1.9 AUG 1.9 1.0 0.7 1.3 3.1 1.2 1.8 3.5 0.7 2.1 2.0 2.2 3 . | SEP 1.1 0.6 0.7 1.6 2.0 1.2 1.7 0.8 4.8 2.7 1.4 2.0 I.S OCT 0.9 0.5 0.4 1.6 1.1 0.7 1.7 1.6 1.2 1.5 0.9 1.4 0.8 NOV 0.6 0.9 0.4 1.0 0.9 0.6 1.8 0.2 0.3 3.1 1.1 1.0 0.6 DEC OR LATER 3.8 5.6 2.0 4.4 6.9 2.1 2.1 5.3 2.0 1.9 2.7 1.5 6.3

TOTAL * 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

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


TABLE 6D

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

BY FEDERAL RESERVE DISTRICT

AS OF 24 NOV 1976

ICUMULATIVE PERCENTAGE)

CD*S MATURING IN ALL Dl$- NEW PNILA- CLE VE- RICH- CHI- ST. KANSAS

SAN FRAN-

TR1CTS BOSTON YORK DELPHI A LAND MONO ATLANTA CAGO LOUIS APOLIS CITY DALLAS CISCO 1976 NOV 25-NOV 30 6.2 6.4 6.0 9.2 4.9 6.0 7.4 6.6 4.8 5.3 6.9 6.2 6.

TABLE 6E 1/ 2/

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

BY FEDERAL RESERVE DISTRICT AS OF 24 NOV 1976

(PERCENTAGE DISTRIBUTION!


TRICTS POSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN FRAN-CISCO

DEC *7.8 45.4 33.2 39.1 37.2 29.0 40.0 41.9 39.1 18.7 41.5 51.9 40.4 Iff? JAN 20.7 26.3 21.3 27.0 9.8 23.5 16.2 23.1 20.8 46.2 24.5 18.2 16.6

FEB IS.7 12.* 17.3 13.2 11.1 19.0 13.2 17.7 15.1 2.8 16.1 14.7 15.2 ft A* 2.6 l.B 2.5 2.6 3.6 4.6 2.4 2.7 2.3 6.2 3.6 1.4 1.9 AP# i.l 2.0 1.4 2.7 6.5 3.1 4.2 2.3 3.2 2.6 2.9 0.9 4.3 MAY 14.7 7.9 21.0 10.5 17.2 14.5 11.5 6.6 15.7 4.6 6.7 5.3 12.5 JUN 1.0 0.2 O.B 0.4 3.3 0.3 1.3 0.7 0.2 5.9 0.0 0.9 1.1 JUL 0.3 0.2 0.4 0.0 0.3 1.3 1.2 0.1 0.0 0.4 0.1 0.0 0.2 AUG 1.0 0.7 0.1 0.7 2.6 1.0 2.1 l . l 1.1 2.3 0.4 1.3 2.4 SEP 0.$ 0.6 0.4 0.3 0.7 0.6 0.3 0.4 1.1 0.3 0 .3 1.2 0.5 OCT o . s 0.4 0.2 0.2 1.1 o . l 2.2 0.5 0.2 1.5 0 .2 0 .5 0 .8 NOV m LATER 2.7 2.0 1.5 3.2 6.6 2.2 5.4 1.0 1.3 6.3 3.7 3.7 4.1

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

tz SEE TECHNICAL APPENDIX A*

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

NOTE SALES IN THIS TABLE ARE NUT ADJUSTED FOR CD'S THAT HAVE MATURED.

DETAILS MAY NOT A00 TO TOTALS DUE TO ROUNDING.

BANKS.


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