l41_19760707.pdf

July 7, 1976 L.4.1 CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF

DEPOSITS AT LARGE WEEKLY REPORTING BANKS

as of

May 26, 1976

NOTE: Sales since the previous survey and comparisons with previous data reflect revisions in the April report whereby $11.2 million in outstanding negotiable CDs have been added to 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 SALKS 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 survey9

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 (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 aurvey is taken.


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

OUTSTANDINGS

Average maturities of outstanding negotiable time certificates of

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

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

monthafter the survey 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'1 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 moat recent survey date. While it appears more logical to

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

such an assumption"would tend to reduce comparibility between average

maturities of outstandings and of sales as a result of using two different

starting dates for the calculations. If the assumption is made that all CD's

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

be lengthened relative to the average maturity of outstandings, by, in effect,

using an earlier starting date for sales than for outstandings.

Sales of CD's maturing in a particular month are often a large

and highly variable proportion of total sales while changes in outstandings

due in any particular month are a small and rather stable proportion of the

level of total outstandings. As a result, the average maturity of sales is

much more sensitive to month-to-month variation in the maturity structure of

sales than is the case with the outstandings series. Thus, large changes in

the calculated average maturity of sales, or situations in which the average

maturity of sales differ sharply from the average maturity of outstandings,

should be Interpreted with care and references should be made to actual dollar

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 D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIF ICATES LF DEPOSIT AT

WEEKLY REPORTING BANKS

AS OF 26 MAY 1976

CO 'S MATURING I N AMOUNT

( M I L L I O N S OF DOLLARS)

PERCENTAGE D ISTRIBUT ION

CUMULATIVE PERCENTAGE

SALES SINCE PREVIOUS MONTH 2

{ M I L L I O N S GF DOLLA

1 9 7 6 MAY 2 7 - 3 1 1 , 9 2 4 . 5 2 . 8 2 . 6 . 0

JUNE 2 1 , 9 5 9 . 0 3 2 . 2 3 5 . 0 8 , 1 6 0 . 3

JULY 1 3 , 3 2 2 . 7 1 9 . 5 5 4 . 5 3 , 9 0 6 . 2

/UGUST 8 , 4 9 7 . 3 1 2 . 4 6 6 . 9 4 , 0 8 3 . 1

SEPTEMBER 5 , 0 0 6 . 2 7.-3 7 4 . C 4 8 4 . 8

OCTOBER 4 , 7 6 1 . 4 7 . 0 b l *2 hlc . y

NOVEMBER 4 , 0 5 3 . 4 5 . 9 8 7 . i 2 , 6 7 4 . 9

DECEMBER 1 , 7 2 5 . 3 2 . 5 b 9 . 6 1 4 0 . 0

1 9 7 7 JANUARY 1 , 6 3 8 . 9 2 . 4 9 2 . 0 1 3 4 . 2

FEBRUARY 9 1 7 . 6 1 . 3 9 3 . 2 6 4 * 9

MARCH 9 4 9 . 5 1 . 4 9 4 . 7 1 7 . 0

APR I L 1 , 0 5 5 . 6 1 . 5 9c 2 134 . b

MAY 3 7 3 . 4 . 5 9 6 . 7 4 6 7 . 0 3 /

OVER 12 MONTHS 2 , 1 0 4 . 5 3 . 1 i 0 0 . 0 XXX

TOTAL 6 8 , 2 9 1 . 3 2 0 0 . 0 XXX 2 0 , 9 5 9 . 6

(MEMORANDUM: TAX AND DIV IDEND MATURIT IES)

JUNE 10 JUNE 15

1 , 0 6 4 . 6 1 , 9 7 9 . 4

1 . 6 2 . 9

XXX XXX

1 7 6 . 2 2 9 1 . 1

1 / INCLUDES ONLY CERTIF ICATES I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUE I. BY WEEKLY REPORTING BANKS.

2 / SEE TECHNICAL APPENDIX A .

3 / SALES OF C O ' S MATURING AFTER 1 1 MONTHS


"TABLE ZA

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

NEW YGKK C I T Y , CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS

AS OF 2t MAY IS76

( I N MILLIONS Oh DOLLARS)

NEW YORK CITY CHICAGO ALL OTHER WEEKLY REPORTING BANKS

CD'S MATURING IT* AMOUNT SALES SINCE PREVIOUS MONTH 2 /

AMOUNT SALES SINCE PREVIOUS MGNTrt 2 /

AMOUNT SALES SINCE PREVIOUS MONTH

3 976 MAY i.7 - MAY 31 5 9 6 . 7 . 0 156 . 0 . 0 1 , 171 . 8 .0

JUNE 7 , 1 1 3 . 9 2 ,2 0 7 . 9 2 , 2 4 2 . 1 7 6 2 . 9 12 , 603 . 0 5 , 2 0 9 , 5

JULY 4 , 6 4 7 . 7 1 , 0 0 3 . 3 2,COO . 7 1 , 0 3 4 . 6 6 , 6 7 4 . 3 1 , 66 8.3

AUCUST 3 , 3 0 7 . 4 1 , 6 2 1 . i 6 4 3 . 3 5 3 r . 2 4 , 3 4 6 . 6 l,92o.a

SEPTEMBER 2 , 3 4 7 . 5 113 . fc 3 0 6 . 7 2 , 3 52 . 0 337 .9

OCTOBER 2 , c 6 b 3 2 2 0 . 7 381 . 6 l t . 3 2 , 1 1 1 . 3 233 w4.

NOVEMBER i , B 9 H . 9 1 , 6 9 2 . 6 27 3 . 4 133 .L 1 , & b l . 1 1 , 0 4 9 . 3

DECEMBER 4 4 7 . 6 4 C . t 2 3rt . C .... 9 1 , 0 3 9 . 1 96 .6

1977 JANUARY 303 .C 2 5 . I D K . O J 5 . 3 1 , 0 2 5 . 9 73 .8

FEBRUARY 1 9 4 . 8 31 . v 2. i 567 J 30.3

MARCH 1 L 1 . 5 I . < 1 7 * . 5 . b 6 1 3 . 5 15,0

APRIL 1 4 9 . 6 l f c . s 6 . 5 5 9 2 . 7 109 JZ

MAY 3 1 . B *9.9 / _ 1 3 . 2 2 1 . 3 / 3 3 2 6 . 4 3 9 5 J / 3

OVER 12 MONTHS 45 2 . 7 XXX 2 9 5 . 7 XXX 1 , 3 5 6 . 1 XXX

TOTAL ^3 , r* 1 .4 7 , 0 2 6 . 9 7 , 7 0 t . t> 2 , 5 & 4 . 6 36 , t 4& . 1 1 1 , 3 4 8 . 1

NUMf-ER OF REPORTING BANKS 10 219

TABLE 2 b

1/ MATURITY D I S T R I B U T I O N OF OUTSTANDING NEGOTIABLE TIME CERTIF ICATES OF DEPOSIT AT

NEW YORK C I T Y , CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS

AS UF ZR MAY 197C AND 29 APR 19 7T

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

NEW YORK CITY CHICAGO ALL OTHER CD 'S MATURING I N

26 MAY 28 APR 26 MAY 28 A PK 26 MAY 28 APR

0 - 6 LAYS 2 / 2 . 5 2 . 0 2 . 0 3 . 2 3 . 2 3 . 7

0 1 MONTHS 3 / 2 9 . 7 2 8 . 0 2 9 . 1 2 9 . 6 3 * . 4 3 0 . 3

0 2 MONTHS 1 9 . 4 2 1 . 1 2 6 . 0 2 0 . 0 1 6 . 2 2 0 . 2

03 MONTHS 1 3 . 8 1 5 . 7 1 0 . 9 1 3 . 1 1 1 . 9 1 3 . 1

04 MONTHS 9 . 8 7 . 2 * . 0 4 . 2 6 . 4 6 . 6

05 MONTHS 9 . 5 9 . 6 5 . 0 3 . 1 5.fa 5 . 5

06 MONTHS 7 . 9 8 . 8 3 . 5 4 . 9 5 . 1 5 . 1

07 MONTHS 1 . 9 . 9 3 . 1 1 . 9 2 . 6 2 . 3

06 MONTHS 1 . 3 1 . 7 4 . 0 JS.2 2 . 6 2 . 6

0 9 MONTHS . 6 J . 2 2 . C 3 . 7 1 . 5 2 . O

JO MONTHS . ? . 7 2 . 3 2 . 1 1 . 1 3 . 5

I I MONTHS . 6 , 7 4 . 1 2 . 4 1 = O 1 .S

12 MONTHS . 1 . 6 . 2 * . 2 3 , 3

OVER 12 MONTHS 1 . 9 1 - 9 3 . 8 3 . 9 3 * 1 3=5

TOTAL * 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 i . f t f uO I 0 0 . 0 1 0 0 . 0

1 / INCLUDES ONLY CERTIF ICATES I N DENOMINATIONS OF * 1 0 0 , 0 0 0 UR MOKE ISSUEL EY WEEKLY REPORTING BANKS.

2 / NUMBER OF DAYS REMAINING I N SURVEY MONTH. T H I S F E U GO VARIED WI 7 HE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH.

3 / NUMBER OF MONTHS FOLLOWING THE SURVEY MONTH.

* TOTALS MAY NOT ADD DUE TO ROUNDING. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE zc

1 / MATURITY D I S T R I B U T I O N Or OUTSTANDING NBGOTlAbLF T I M E CFR7 1F1CA7ES OF D E P O S I T A T

\5W YORK C I T Y , C h ! C A G D , A N D ALL OTHER WEEKLY REPORTING b ANK S

AS OF 2b MAY 1976 AND 26 AMR 19?c

iCU^t 'LAT I V t C I S T K L F C U T L O N >

C l ' L MATURING I N NEW YOkfx C I T Y LrtJCAGO ALL OTHER

2t, MAY 2S FTP? 2t MAY i t APK 26 MAY 28 A PR

0 - 6 L A Y : 2 / 2 . 5 2 . 0 j . L 2 . 2 3 . 7

G] M NTmS 3 / ? z . 2 3 1 . 1 3 ^ . b j 7 . C 3 4 . 0

G. MUNTHS 5 1 . ( < 1 . 1 t 7 . l t v . b 5 5 . b 5 4 . 2

0.. *m.NThS f t . * , o t . h b h . O t b . 9 6 7 . 7 6 7 . 2

C. K I M S 1 7 4 . C 7 4. . 0 *0 . 1 7 4 . 1 7 3 . 9

l i t 5 4 . 7 6 3 . 6 7 7 . G T o . b 7 9 . 9 7 9 . 4

Ot X u \ T M l V . - . 6 9 2 . 4 6 0 . 5 V fc .7 b 5 . 0 4 . 5

0 7 MONT MS c 4 . 5 v 3 . 3 6 C . 6 6 7 . 6 8 6 . 6

0 6 MONTHS

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

AS CF 26 MAY 1976 I AMOUNTS I N MILLIONS OF DOLLARS)

$5 8 I LL ICN AND OVER

CO* MATURING IN TOTAL $500

M ILL ION AND UNDER

$500 M I L L I O N TO

$ 1 B I L L I O N

$ 1

S5

B I L L I O N TO

B I L L I O N TOTAL NEW YORK

CITY

OUTSIDE NEW YORK

CI TY

> MAY 2 7 - 3 1 1 , 9 2 4 . 4 1 2 9 . 6 2 5 0 . 2 6 5 5 . 4 8 6 9 . 2 4 9 7 . 7 3 * 1 .5

JUNE 2 1 , 9 5 9 . C 1 , 2 2 ? 7 2 , 1 * 2 . 8 7 , 1 3 9 . 2 1 1 , 4 3 3 . 3 6 , 5 3 5 . 4 4 , 6 9 7 . 9

JULY 1 3 , 3 * 2 . 7 5 6 0 . 1 1 , 0 0 6 . 1 3 , 6 0 9 . 2 8 , 1 4 7 . 3 4 , 4 6 3 . 3 3 ,664 .0

AUGUST 6 , 4 9 7 . 4 3 4 7 . 7 5 3 7 . 3 2 , 1 7 0 . 9 5 , * 4 1 . 5 3 , 1 7 5 . 1 2 , 2 6 6 . 4

SEPTEMBER 5 , 0 0 8 . 1 1 6 0 . 6 2 8 9 . 8 1 , 3 0 6 . 6 3 , 2 5 0 . 7 2 , 1 2 8 . 9 1 , 1 2 1 . 6

OCTOBER 4 , 7 * 1 . 5 1 6 5 . 3 2 5 4 . 6 1 , 2 0 8 . 5 3 , 1 3 3 . 1 2 , 1 7 7 . 1 9 5c . 0

NOVEMBER 4 , 0 5 3 . 4 1 4 7 . 6 1 8 5 . 5 8 1 8 . 1 2 , 9 0 2 . 2 1 , 8 4 4 . 0 1 . 0 5 5 . 2

DECEMBER 1 , 7 2 5 . 2 5 8 . 2 9 2 . 9 5 5 0 . 3 1 , 0 2 3 . 8 4 1 7 . 6 6 06 . 0

JANUARY 1 t 38 . 9 7 3 . 6 1 2 4 . 5 3 7 9 . 7 1 , 0 6 1 . 1 2 9 5 . 3 7 . 6

FEBRUARY 9 1 7 . 6 3 5 . 0 6 5 . 4 2 & 8 . 1 5 6 9 . 1 1 6 5 . 4 4 03 . 7

MARCH 9 4 9 . 4 4 1 . 2 6 6 . 0 1 9 8 . 1 6 4 4 . 1 1 5 0 . 4 4 93 .7

APRIL 1 , 0 5 5 . 6 4 4 . 1 6 5 . 6 2 7 5 . 8 6 5 0 . 1 143 .4 5 0 c . 7

MAY 3 7 3 . 5 2 2 . 4 4 3 . 0 9 0 . 6 2 1 7 . 5 2 8 . 1 1 h9 . 4

JUNE OR LATER

TOTAL *

2*104.4 66*291.1

JUNE 10

JUNE 15

1,064.5 1,979.4

50.2 3,059.5

(MEMORANDUM:

39.3 64.7

1 1 7 . 4 5 7 9 . 2 1 , 3 5 7 . 6

5 , 2 8 1 . 1 1 9 , 2 2 9 . 9 4 0 , 7 2 0 . 6

TAX AND DIVIDEND MATURITIES)

7 9 . 0 2 9 8 . 1 6 4 6 . 1

8 8 . 8 5 9 9 . 6 1 , 2 2 6 . 3

4 4 1 . 3

2 2 , 4 6 3 . 2

2 5 6 . 3

661.0

9 1 6 . 3

16 ,2 5 7 . 4

391 .6

5 6 5 . 3

241 (MEMORANDUM: NUMBER OF BANKS >

79 6 2 63 17 iO

1/ INCLUDES CERTIFICATES I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2 / TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 3 0 , 1 9 7 5 . * TOTALS MAY NOT ADD DUE TO ROUNDING. Digitized for FRASER

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

TABLE 3b

$5 B I L L I O N AND OVER

C D ' S MATURING IK TOTAL SSOO

M I L L I O N AND UNDER

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

S I B I L L I O N

SI B I L L I O N TO

15 B I L L I O N TOTAL NEW YORK

CITY

OUT 53DE NEW YORK

CITY

1 * 7 # WAV 4 7 - 3 1

JUNE 6 , 1 6 0 . 2 5 6 6 . 6 1 , 0 2 1 . 9 3 , 0 0 1 . 0 3 , 5 9 0 . 7 1 , 9 4 0 . 7 1 , 6 5 0 . 0

JULY 3 , 9 0 6 . 2 1 3 7 . 7 2 6 2 . 8 1 , 0 5 3 . 2 2 , 4 3 2 . 5 9 5 0 . 7 1 , 4 6 1 . 6

AUGUST 4 , 0 6 3 * 1 1 5 ! . * 2 8 3 . 4 1 , 0 ^ 2 . 6 2 , 6 2 1 . 3 1 , 5 8 9 . 9 1 , 0 2 1 . 4

SETE6Ek * 4 . - , 2 8 . 6 1 8 1 . 5 2 3 0 . 2 1 1 0 . 5 1 1 9 . 7

OCTOBER . 7 < . 5 < 3 . 1 1 9 . 0 1 0 3 . 9 3 2 c . 5 2 1 9 . 7 1 0 6 * 6

NOVEMBER / , 6 7 * * .9 1 0 3 . 2 6 1 . 0 4 6 2 . 9 2 , 2 2 7 . 8 1 , 6 6 2 . 3 5 o 5 . 5

DECEMBER 1 3 4 . 9 7 . 6 2 . 9 5 1 . 1 7 o . l 4 0 . 4 3 7 . 7

1 9 7 7 JANUARY 1 3 4 . 2 6 . 1 7 . 8 2 9 . 7 9 0 . 6 2 4 . 7 C'5 e 9

FEERUAkY 6 4 . 4 * . . 3 3 . 2 1 7 . H 4 0 . 0 3 0 . 7 9 . j

HAKCH 1 6 . 9 0 . 2 1 . 2 4 . 1 1 1 . 4 1 . 2 1 0 . 2

A P R I L 1 3 4 . * 0 . 9 1 0 . 9 2 0 . 8 1 0 2 . 0 1 8 . 6 63

MAY OR LATER 4 6 7 . 0 4 6 . B 6 9 . 3 9 2 . 5 t b t . 4 4 4 . 8 FR.7 1 , 6 1 2 . 0 6 , 0 4 0 . 9 1 2 , 0 3 7 . 5 6 , 6 3 4 . 2 5 , 4 0 3 . 3

(MEMORANDUM: TAX AND DIV IDEND M A T U R I H T S) (MEMORANDUM: TAX AND DIV IDEND M A T U R I H T S)

JUNE 10 1 7 6 . 2 16 . 6 2 0 . 4 1 4 1 . 0 4 / I . 8 - 2 9 . 8 3 1 . 6

JUNE l b 2 9 1 . 1 1 7 . 6 2 2 . 0 1 4 9 . 1 1 0 2 . 4 6 5 . 3 1 7 . 1

1MEMORANDUM; NUMBER OF BANKS) 1MEMORANDUM; NUMBER OF BANKS)

2 4 1 7 9 62 82 17 7 10

1 / SEE TECHNICAL APPENDIX A . 2 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS OF S 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. S/ TOTAL ASSETS AS REPORTED I N TRTE CALL REPORT OF CONUITLON ON JUNE 3 0 , 1 9 7 6 . * TOTALS MAY NOT ADD DUE 10 ROUNDIN0.

DIE : 0 AX EMERGENCY WITHDRAWAL IN SAX FRANCISCO DISTRICT. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 3L

C D ' S MATURING I N

1 9 7 6 MAY 2 7 - 3 1

JUNE

JULY

AUGUST

SE MEMBER

OCTOBER

NOVEMBER

DECEMBER

1977 JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE OR LATER

TOTAL *

JUNE l O

JUNE 15

MATURITY C1STR i e t J T i t N OF lUT 2>T ANLING NEGOTIABLE TIME CERTIFICATES UF DEPOSIT 1 / AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 2 /

AS OF 26 MAY 197b PERCENTAGE D ISTRIBUTION

TOTAL

2.8 3 2 . 2

1 9 . 5

1 2 . 4

7 . 3

7 . 0

5 . 9

2 . 5

2 . 4

1 . 3

1 . 4

1 . 5

0 . 5

3 . 1

100.0

$500 MILL ION

AND UNDER

4 . 2

40.0

1 8 . 3

1 1 . 4

5 . 3

5 .4

4 . 6

1 . 9

2 . 4

1 . 1

1 . 3

1 . 4

0 . 7

1.6 100.0

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

$ 1 B I L L I O N

1.6 2 . 9

4 . 7

4 1 . 0

1 9 . 1

10.2 5 .5

4 . 8

3 . 5

1.6 2 . 4

1.2 1.2 1.6 0.6

2.2 100.0

$1 B I L L I O N TO

S5 B I L L I O N

3 . 4

3 7 . 1

I B . 8

1 1 . 3

6.8

6 . 3

4 . 3

Z . 9

2.0

1 . 3

1.0 1 . 4

0 . 5

$5 B I L L I O N AND OVEK

TOTAL

IMEMORANDUM:

1 . 3

2.1

3 . 0

100.0

TAX AND DIVIDEND MATURITIES ]

1 . 5 1 . 6

1 . 7 3 . 1

NEW YORK CITY

OUTSIDE NEW YORK

CITY

2.2 26.1 20.C

1 3 . 4

6. 0 7 . 7

7 . 1

2 . 5

2 - t

1 . 4

1 .6 1.6 0 . 5

3 . 3

100.0

l . o

3 . 0

2.2 2 9 . 1

1 9 . 9

1 4 . 1

9 . 5

9 . 7

6.2

1 . 9

1.3 0 . 7

0 . 7

0.6 0.1

2 , 0

100.0

1 .1 2 . 9

2 .1 26.8

20.2

12 .n

6 .1 5 . 2

5 .8

3 . 3

*-2 2.2 2 . 7

2.8

1.0 5 - 0

100*0

2 , 1

3 . 1

1 / INCLUDES CERTIFICATES I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2 / TOTAL ASSETS AS REPORTED I N THE CALL REPORT OF CONDITION ON JUNE 3 0 , 1 9 7 5 . 4 TpTALS MAY NOT ADD DUE TO ROUNDING.

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

TABLE 2 i MATURITY C i S T R l h U T ION OF OUTSTANDING NEGOTIABLE TIME CERT1FICA1ES OF DEPOSIT 1 / AT WEEKLY REPORTING BANKS BY S I Z E OF BANKS 2 /

AS OF 26 MAY 1 9 7 6 CUMULATIVE PERCENTAGE


1976 MAY 2 7 - 2 1

JUNE

J U L Y

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER DECEMBER

19 77 JANUARY

FEfcRUARY

MARCH

APRIL MAY

JUNE OR LATER

TOIAL

z.e 3 5 . 0

6 6 . 9

7 4 . 2

*!.

TABLE 3E S A L E ! / ! / CF NEGOTIABLE 7 I M F C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS MONTH 2 / AT WEEKLY REPORTING BANKS FY S I Z E OF BANKS 3 /

AS OF 2 6 MAY 1976 PERCENTAGE D I S T R I B U T I O N


1 9 7 6 MAY 2 7 - 3 1

JUNE

JULY

AUGUST

SE PTEMBER

OCTOBER

NOVEMBER

DECEMBER

1 9 7 7 JANUARY

FEBRUARY

MARCH

A P R I L

MAY OR LATER

TOTAL *

JUNE 1 0

JUNF 15

TOTAL

3 9 . 0

lb.6

1 9 . 5

2 . 3

2 . 3

1 3 . 7

0 . 7

0.6 0 . 3

0.1

O.t

2.2 100.0

0.8 1.#

? !

$ 5 B I L L I O N AND OVER

1 5 0 0 M I L L I O N

AND UNDER

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

$ 1 B I L L I O N

S I B I L L I O N TO

S 5 B I L L I O N TOTAL NEW YORK

C I T Y

OUTSIDE NEW YORK

C I T Y

5 3 . 0

1 2 . 9

1 4 . 6

4 . 2

2.2 9 . 7

0 . 7

0.6

0 . 4

0.0

0.1 1.6

100.0

6 6 . 4

1 5 . 6

1 5 . 6

1.6

1 .0 4 . 5

0.2

O.N

0.2 0.1 0.6

3 . 6

100,0

4 9 . 7

1 7 . 4

1 6 . 9

3 . 0

1 . 7

7 . 7

0.6 0 . 5

0 . 3

0.1 0 . 3

1 . 5

100.0

2 9 . b

20.2

21.8 1 . 9

2 . 7

1 8 . 5

0 .6

0.6 0 . 3

0.1 O.fa

2 . 4

100.0

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

1 . 6 1 * 1 2 . 3 0 . 0

1 . 6 1 . % 2 . 5 0 . 9

0 . 4

0 . 5

0.0

0 . 3

0 . 7

100.0

0 . 4

1 . 3

3 0 . 5

2 7 . 4

1 9 . 1

2 - 2

2 .0 1 0 . 5

0 . 7

1.2 0 .2 0 .2 1 . 5

4 . 5

100 ,0

0.6-

0 . 3

10


TABLE ,A

AVERAGE MATURITY

OF

uUTSTANt1NG NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1 /

AT WEEKLY REPORTING BANKS

AT VARIOUS SURVEY DATES

U N MCiMTrS)

CASK CLASSIF ICATION 2b MAY 1976

DATE OF SURVEY

28 APR

I BY LOCATION)

31 MAR 19 76

ALL k t PORTING fcANKS

ISSUING C u ' S 3 . 0 2.6

NEW YORK C 11Y

CHICAGO

CTnER

2.6 3 .3

r .1

2 .S

H 5

3 . 1

I BY SIZE OF BANK) z /

2.6

2 . 7

2 . 9

UNFIK S6G0 M I L L I O N

SSOO-SltOOO M I L L I O N

S l t 0 0 0 - S 5 , 0 0 0 M I L L I O N

OVER * 5 B I L L I O N

I N NEW VURK C I 1 Y

OUTSICE NEW YORK C ITY

2.6

2.6

2 . 3

3 . 2

2.8 3 . 7

< .6

2 . 6

2 . 9

3 .2

1AHL6

A V l R A t e MALTMITY

OF NEGOTIABLE T INE TFERIJF1CA1ES OF DEPOSIT 1 /

SOLD BY W H K L Y KEPUK7 1N0 bANKS

BURINS THE MONlh Gr VARIOUS SURVEYS

U N N D N l r i S )

LATE OF SURVEY E* ANX C L A S S I F I C A T I O N

26 M Y M T E 2B APR 1 * 7 6 3 1 MAR 1 9 7 6

I B Y L O C A I I O N I

AT I S I F - M M N S BANKS

ISSUING C D ' S 2 . 5 4 . 9 2 . 4

N t YORK C I I Y 2 . 6 3 . 0 2 . 8

CHICAGO 2 . 0 3 . 6 2 . 0

OTHER 2 . 4 2 . 6 1 . 3

IBY S I Z E OF BANK) 2 /

UNUER SSOO M I L L 1 C N 2 . 1 2 . 4 2 . 0

S t O O - S 1 , 0 0 0 M I L L I O N 2 . 0 2 . 2 4 . 0

SLEOON-SSTOOO M I L L I O N 2 . 0 2 . 5 2 . 2

OVER * B I L L I O N 2 . 9 3 . 3 2 . 7

I N NEW YORK C I T Y 2 . 9 3 . 1 2 . 9

OUTSID f NEW YORK C ITY 2 . 9 3 . to 2 . 5

1 / I M I I O I S CESTUI-*RAWES ?T F*EK**KT%*IIFINS OF ssootooo OH MORE ISSUED BY WEEKLY REPORTING BANKS. t i TOTAL ASSFETS AS RE PORTE I* I N I K CALL REPORT OF CONDIT ION ON JUNE 3 0 , 1 9 7 5 .

NOTESEE WECMICAL AHEM* !% Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TAELE SA

HAT SO OF U U I S 1 H D I N 0 NEGOTIABLE T I N E C E R T I F I C A T E S OH DEPOSIT 1 /

TC TOTAL 0 1 POSITS

AT V A M O U S EUAVTY 3A1ES

IHFC C R N 1 1

UATFC b F S U R V E Y

;e:*i a s s m av u# w c & L A k s #

A&L % S S W * t

uwt# ^

1600 ' tOOC

*% * t V # * L l l V

* tnv

a# MAY 1 9 7 *

| S E I

*8 *Fk is?t

1 6 . 4

31 WAR 1 9 7 6

1 9 . 3

IS.I # 4 . A

% > .

23.? & ? .

2 0 . 1

l a . 6

1 4 . 9

1 5 . J

2 3 . 0

26.9 1 9 . t

1 3 . 8

1 4 . 8

16.1 2 4 . 2

26.6

2 1 . 9

1 # t m t l K l i S t f c u l l F SCATS S 111 M H O m H A l l O f i S OF U t ( , ( 1 0 IM MOkF ISSUED bV WEEKLY REPORTING BANKS.

TOTAL A S S I T S AS P I ^ U i T I A # I N Vtsi CALL *EFO*T OF C0NU1T10N ON JUNE 3 0 , 1 9 7 5 .

HOT T~ DEPOSITS %m ThE mwnimim OF T N I i t AT 10 I N T H I S TAbLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING SNTEUFCAM* AHO U . S . 60VER###ENT 0 I F 0 S 1 T S .


TABLE 5fc

RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIF ICATES Of- DEPOSIT 1 /

TO TOTAL DEPOSITS

AS OF 4fc MAY 1 9 7 6

(NUMBER UF BANKS)

t o t s t ASSEIS If 5 t b 10 15 20 2 5 * AVERAGE CD H i TO TO TO TO OR TO DEPOSIT

I l H M i t t IONS OF DOLLARS I LESS 1 0 * 1 5 * 2 0 * 2 5* MORE RATIO (PER CENT)

ALL AUKS ISSUING C0s 4 > 4 1 48 3 9 28 40 1 9 . 2

U MCE ft SOO 16 I T 17 13 d 6 1 3 . 5

SCO - 1 0 0 0 14 14 i c t 7 1 1 I t . 3

1 0 0 0 ~ 5 0 0 0 l b 10 17 17 11 13 1 5 . 5

OVER 6 0 0 0 0 0 4 3 2 6 2 3 . 7

I N WEN YORK C I T Y 0 0 1 0 2 4 2 7 . 6

OUTSIDE NEW YORK C I T Y 0 0 3 3 0 4 2 0 . 1

%J INCLUDES CERTIF ICATES I N CE NOMINATIONS OF $ 1 0 0 * 0 0 0 OR MORE ISSUED BY WEEKLY REPORTING BANKS.

i / TOTAL ASSETS AS FEPORTEG I N THE CALL REPORT OF CONDITION ON JUNE 3 0 , 1 9 7 5 .

NOTE- 06POSITS I N THE DENOMINATOR OF THE RAT IO I N T H I S TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING INTERBANK AND U . S . GOVERNMENT DEPOSITS .


TAbLE 5C

Pfk C E M CHA%ut I N OUTSTANDING NEGOTIAfcLE TIME CERTIFICATE OF DEPOSIT Z 1

28 APR I S l l TO Zo MAY 1576

( N U M t t k OF FANKS1

DECLINES CF INCREASES OF ICS At A S ^6 1 $ * / ^? iVCt?3 ISSUED CD* S BUT

U $ I t l iCi t UR b TU 5% G* N t 5% OR 5 TO 10% Ok HAD NONE OUT STAND l i *w K l t i l t i l S CF 3 i i t A * S # /IRC* NOkE 10? LEJS CHANGE LESS 10% MORE I NG ON BASE DATE

ALL BANKS ISSUING C C S 0 32 4 6 4 7 8 5 7 2 1 2 6 2

JNCfk *00 0 1 3 1 4 I S 4 1 5 T 6 0

- 1000 1, 1 0 1< 12 2 1 4 4 6 2

1000 - sooc 0 *f 1 8 1 2 2 2 0 1 0 1 1 0

15V Ea 6000 c 0 a 3 0 b 1 3 0

I N NEW VjNt t C I I V u 0 0 0 0 6 1 0 0

OUTSIDE NEW tURK CITV e 0 < i 0 2 0 3 0

I / INCLUDES C e k l l F l C A l t < I N DENUNtNATIONS OF S 1 0 0 , 0 0 0 CM MORE ISSUED fcY WEEKLY REPORTING BANKS.

* / TOTAL ASSETS AS REPORTED IN T*E CALL kSPOkT OF CONDITION ON JUNE 3 0 , 1 9 7 5 .

WOTE- I N I HUWfeE* OF RANKS I N THIS TABLE DIFFERS FlUW THOSE I N MOST OTHER TABLES TU THE EXTENT THAT BANKS THAT HAO OUTSTANDING CD'S ON THf LAST SURVEY REDUCED THE! * OUTSTANDINGS TO ZERO ON THIS SURVEY.


TABLE 60

FEU CENT CHANbE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT / I

2T FEB 1476 TO 26 MAY I S?6

INUMBER OF BANKS)

lOfAt DEPOSITS i t

U N M I L L I O N S OF 0OLLA*SS

ALL BANKS ISSUING c o n

REDU-CED CD'S Z5$ TO OR ZERO mkfc

I N C L I N E S OF

2 0 TO

2 5 *

15 TO

2 0 *

10 TO

1 5 1

5 TO 10*

5% OR

LESS

INCREASE OF

NO

CHANGE

5% OR

LESS

5 TO 10%

10 TO

15%

15 TO

20%

20 TO

25%

26 I T 21 37 32 2b 22 15

2 5 * OR

MORE

ISSUED CD 'S BUT HAD NONE OUT STANDING ON BASE DATE

11

UNDFR 5 0 0 0 11 6 6 11 8 9 2 9 7 2 3 1 3 1

5 0 0 - 1 0 0 0 0 7 5 4 9 t 6 0 9 5 2 2 0 4 1

1 0 0 0 - 5 0 0 0 0 9 H 11 15 14 6 0 11 0 5 3 0 4 1

OVER 5 0 0 0 0 1 2 0 2 2 4 C 3 3 0 0 0 0 0

IN NEW YORK CITY 0 1 1 0 0 1 1 0 2 1 0 0 0 0 0

OUTSIDE NEW VORit C I T Y 0 6 I 0 2 1 3 0 1 2 0 0 0 0 0

1 / INCLUDES CERTIFICATES I f ! D E S T I N A T I O N S OF $ 1 0 0 * 0 0 0 OR SORf ISSUED BY WEEKLY REPORTING 6ANKS

2 / TUT A t ASSETS AS REPORTED I N THF CALL REPORT OF CONDITION ON J LIME 30 , 1 9 7 5 .

NOTE- THE NUMbFR OF BANKS I N T H I S TABLE DIFFERS

SI S

i THOSE I N MOST OTHER TABLES TO THE EXTENT THAT BANKS THAT # mAO OUTSTANDING CD 'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO,


1 A t L f BE

CHANGE I N OUTSTANDING NEGOTIABLE T IME C E R T I F I C A T E S OF DEPOSIT 1 /

OVER THE MGNTM AS A F 5 k CENT OF TOTAL DEPOSITS

AT T h e b r G I N N I N G UF 1HE PERIOD

2 * AP* i s l b 10 2 6 MAY 1 9 7 6

09 1 2 I S 29 4 2 1 2 4 1

- 1 0 0 0 2 3 a 2 1 2 1 6 5 1 2

1 0 0 0 - tfkOO 1 * 11 2 7 2 -2 9 4 3

w e e >COC 0 0 1 4 0 7 1 2 2

I N HEM YORK C I T Y O O C O O 5 1 1 0

O U T S l b E NFN YORK C l V Y O 0 I 4 0 2 0 1 2

1 / INCLUDES C E R T I F I C A T E S I N DENOMINATIONS UF 1 1 0 0 , 0 0 0 OR MORE ISSUED f?Y WEEKLY REPORTING BANKS.

2 / TOTAL ASSE1S AS R E P C a U O I N Thfc CALL REPORT UF CONDIT ION ON JUNE 3 0 , 1 9 7 5 .

MOTE- DEPOSITS LM TNC DENOMINATOR OF THE RAT IO I N T H I S TAELE ARE TOTAL DEMANL AND TIME D E P O S I T S , INCLUDING INTERBANK AND U . S . GOVFKNMENT D E P O S I T S .


TABLE 5 f

CwANM I N OUTSTANDING NEGOTIABLE TIME CERTIF ICATES OF DEPOSIT 1 /

t w i n TNI LAST T h U l F HOhThS AS A PER CENT Of TOTAL DEPOSITS

AT THE BEGINNING Of- IME PERIOD

2S H b m e TO 2 t MAY 19Te

(NUMBER OF bANKSl

TOTAL a s s e t s a z DECLINES OF INCREASES OP

U N MILL IONS OF DOLLAR S I s s 4 3 2 X 1% NO 1% 1 2 3 4 5% AND TO TO TO TO AND CHANGE AND TO TU TO TO AND CVER f t 4 t 31 21 LESS UNDER 2% 3% 4% 5% OVER

ALL BANES ISSUING COS 12 12 16 33 37 2 40 22 4 6 1 3

UNDER $ 0 0 4 5 5 S 11 20 2 13 fa 0 4 0 1 $ 0 0 - IOOC I * 4 9 11 10 0 12 6 1 1 0 1

1 0 0 0 - WOO % 3 6 16 14 1* 0 12 6 2 1 1 1

o * e # i 0 i * I 4 0 3 2 1 0 0 0

I N NFN L : Y V / 0 0 1 0 1 0 2 C 1 G 0 0

. 1 1 ^ MfW YQKK f : T V 0 1 > 1 5 0 1 2 0 0 0 0

1 / INCLUDES C E H l l F I t A T I S I N OENONINAT !CNV OF $ 1 0 0 , 0 0 0 PR MORE ISSUED bY WEEKLY RE PORTING BANKS.

2 / TOY AT ASSETS AS RFPOHYEO I N TNF CALL RF PORT OF CONDITION ON JUNE 3 0 , 1 9 7 5 .

NOTE- SXPt iSStS I N l * F DENOMINATOR OF THE RATIO I N THIS TABLE ARE TOTAL DEMAND AND TIME DEPOSITS, INCLUDING |NTEf t *A t tn AND U . S . M V l P M N f N T D E P O S I T S .


TABie t A

u s i i w i i i r # : % # * # # # # i m a f ountAnv i i * NEGOTIABLE m e CERTIF ICATES OF Deposit 1 / At W l t E l V h l P O M l N C . BANKS

i f f f D E * A l neSIUVE O l S l f c l C T

AS t*f i t H A f IV i fc

#A#%u##ws :## m i n i u N s w D u i L A k b *

($ ,*? $*W * & l SAN

#*# * > * * * * \ V # if f l u *

f w l l A -I I i P M l A

L l & V # -&AND W&NC ATLANTA

i r # l -CAGU

S I . LOUIS

MINNE-APOLIS

KAN SAS C I I Y DALLAS # ,

#AV 4 * * & * )# W 4 . & 6 W . $ * 2 . 3 7 5 . ) 4 0 . 1 1 2 1 . 4 2 2 4 . 4 2 5 . 7 9 . 1 6 1 . 0 1 5 5 . 3 3 9 3 . 2

; i % % $ . # w o t . # 4 & 1 . 4 1 L 5 6 . I 7 ! & . 4 6 ) 2 . 9 3 2 8 0 . 3 2 7 b . 0 1 3 4 . 5 6 0 0 . 0 1 6 1 7 . 5 3 3 9 3 . 7

*$***. ? * * o . i $ 0 3 ^ . * 2 0 . 4 6 ^ 8 . 4 > 7 1 . 6 W 3 . 4 2 5 4 0 . 4 1 5 5 . ) 6 5 . 2 2 7 6 . 7 7 9 8 . 2 1 6 5 6 . 7

*%*?. # ^%4%.# I S ? . * %t ?el < 2 1 . # i 3 * . 4 1 1 3 4 . 4 6 6 . 2 6 3 . 0 1 5 2 . 7 4 5 6 . 3 1 4 8 3 . 0

^ I l . A ^ i i t i * # * * . 4 2 ^ 2 2 . & ; o a . 7 I t * 2 . 0 1 0 2 . 3 1 5 4 . 8 5 4 4 . 0 4 9 . 7 1 1 . 2 6 8 . 4 ^ 4 0 . 5 6 4 1 . 8

#WOV 1 * * 4 . 2 l ~ t . 2 1 4 4 . * 1 2 b . J 1 6 / . 7 a 9 6 . 0 4 4 . 4 2 9 . 7 5 0 . 1 17 2 . 3 7 3 9 . 9

t 1 : U . ^ el

TABLE i t 1 / 2 /

SALES OF NEGOTIABLE TIME CERTIF ICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS

*Y FEDERAL RESERVE D I S T R I C T

AS OF I T MAY 1 9 7 6

I AMOUNTS I N M I L L I O N S OF DOLLARS &

CS*$ HAFVEILS I N ALL SAN P I S - NEW PNLLA- CLEVE- R I C H - C H I - ST. H I N N E - KANSAS FRAN-

I H i t l S E m TON YORK DELPHI A LAND MOND ATLANTA CA&O LOUIS APOLIS CITY DALLAS CISCO

* * * JUN 6 I ? > 4 6 . 2 2 7 2 1 . 3 3 5 3 . 4 3 t 7 . 2 2 9 0 . 8 2 9 0 . 4 1 1 4 8 . 0 9 6 . 9 4 2 . 9 2 8 4 . 6 6 7 4 . 6 1 3 5 7 . 1

JUL $ 4 0 2 . , l e s . e 1 1 5 9 . 4 1 6 5 . 0 2 1 6 . 2 1 2 0 . < 1 0 6 . 1 1 1 9 a . 1 2 1 . 8 3 6 . 9 7 0 . 4 1 6 0 . 8 4 5 1 . 0

AUG * 0 * 2 . 4 1 1 2 . 8 1 7 * 5 . 0 1 2 3 . 1 2 1 1 . l 1 3 1 . 7 1 3 6 . 2 6 7 ^ . 7 3 6 . 2 3 9 . 1 8 1 . 0 2 1 5 . 1

a f t 4 * 4 . 5 2 # . 3 1 3 5 . 2 2 2 . 8 M . b 3 6 . 3 2 2 . 3 6 4 . 0 6 . 2 3 . 6 8 . 8 1 8 . 4 1 0 3 . 6

o c i 4 7 0 . * 1 2 . 4 2 2 6 . 5 1 5 . 1 1 0 . t 2 1 . 7 6 . 5 4 0 . 2 t . 3 1 . 1 1 0 . 9 1 9 . 9 9 7 . 4

NOV 1 1 1 4 . 1 3 2 . 1 1 7 2 3 . 6 $ 5 . 7 5 4 . 8 8 3 . 7 1 0 2 . 1 2 0 1 . 5 2 2 . 1 2 7 . 2 1 7 . 3 1 0 0 . 3 4 2 4 . 3

DEC A 3 * . 4 3 . 7 4 2 . 9 1 0 . 2 1 0 . 1 2 . 3 4 . 5 1 4 . 4 1 o 9 . 6 1 . 2 6 . 4 2 2 . 6

1 * 7 7 4 A * 1 3 4 . 2 0 . 9 2 5 . 4 6 . 0 2 b . 1 1 1 . 9 6 . 3 4 0 . 6 0 . 0 2 . 1 2 . 0 4 . 1 4 . 6

f f # 6 4 . 8 2 . 1 ,4*4 2 . 7 1 . 9 2 . 7 l b 6 . 2 0 . 9 0 . 5 0 . & 4 . 3 6 . 5

mm 1 # . 5 0 . 2 1 . 2 2 . 4 0 * 8 0 . 4 0 . 4 2 . 2 0 . 0 2 . 2 0 . 2 0 . 6 7 . 9 AP i a ~ . a 1 9 . 2 5 . 6 7 . 0 3 . 0 1 . 0 1 2 . 0 0 . 3 0 . 4 3 . 7 7 . 0 7 3 . 3

HAY m I A T E # 4 6 7 . 1 3 . 2 5 5 . 9 2 4 . 2 1 2 . 6 7 . 2 1 6 . 7 3 3 . 7 6 . 6 2 . 0 3 2 . 6 4 1 . 3 2 3 0 . 9

TOTAL 2 0 9 4 7 * 6 9 4 0 . a 7 6 9 2 . 0 6 1 7 . 0 9 5 7 . b 7 2 3 . 9 7 0 0 . 3 3 4 2 6 . 6 1 9 9 . 1 1 6 7 . 6 5 1 3 . 5 1 2 5 3 . 0 i m

AVERAGE MATURITY I N MONTHS 3 / 2 . 5 1 . 5 2 . 7 2 . 4 2 . 2 2 . 4 2 . 5 2 . 0 2 . 3 2 . 9 2 . 2 2 . 4

w

3 . 0

1 / SEE TECHNICAL APPENDIX A .

2 / INCLUDES ONLY C E R T I F I C A T E S ISSUED I N DENOMINATIONS OF S I 0 0 , O O O OR MORE BY WEEKLY REPORTING BANKS.

3 / SEE TECHNICAL APPENDIX 6 ,

D E T A I L S MAY NOT ADD TO TOTALS DUE TO ROUNDING*


1 ABLE FCC

MAltHklVV O l S T H I U U f ION OF OUTSTANDING NECOUABLF TIME CERTIF ICATES OF DEPOSIT 1 / AT WEEKLY i i f POkTlNG BANKS

BY FEDERAL RESERVE D ISTRICT

AS OF . 6 MAY 1 4 7 6

(PERCENTAGE D I S H 1EUT I b N )

1 0 * S MA TAKING IN ALL L I S -

T*:(T& COS TON NEW Y # K

P H I L A -DELPHIA

CLEVE-LAND

R I C H -MOND ATLANTA

C H I -CAGO

S T . L O U I S

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

K A N S A S C I T Y D A L L A S

S A N FRAN-C I SCO

I * ? # , MAY * ? - * - * F >1 #r.P 4 . 1 2 . T 1 . 6 .* 4 . 5 4 . 6 2 . 2 i . I 4 , - 1 4 . 1 3 . c 3 . 4

JUN 3 2 . 4 3 . 0 3 1 . 1 3 2 . 7 J L . ? 3 7 . 6 3 2 . 5 3 1 . 5 3 2 . 6 3 1 . 5 4 0 . 1 3 8 . 0 2 9 . 6

JUL 1 9 . 5 1 V . 4 1 4 . * 2 2 . 0 1 6 . 4 I B . 4 2 0 . 0 2 4 . 9 1 8 . 5 2 0 . 0 1 6 . 5 1 6 . 8 1 4 . 5

A U G 1 2 . 4 1 0 . 5 1 3 . 6 1 4 . 0 1 I . T 1 1 . 0 1 2 . 8 1 0 . 9 1 0 . 2 1 4 . 6 1 0 . 2 1 0 . 6 1 3 . 0

SEP 7 . 3 7 . 2 4 . 4 7 . 6 > . 6 7 . 4 6 . 0 4 . 3 l . c A .to 5 . 3 4 . 5 7.to CTT 7 . 0 7 . 6 % . C 7.# 4 . E 5 . 1 6 . 1 5 . J 5 . 9 2 . t T , . 9 5 . 7 5.to

NOV 5 . 9 3 . 2 7 . t 5 . 1 4 . J 6 . 4 6 . 2 5 . 6 5 . 3 7 . 0 3 . 3 4 . 0 6 . 5

DEC 2 . 5 3 . t 1 . 6 2 . 6 3 . 0 2 . 4 1 . 9 Z . 9 3 . 9 3 . 6 1 . 9 3 . 0 m

1 9 7 7 JAN 2 . 4 2 . 0 1 . 2 1 . 3 C . 3 1 . 9 2 . 7 3 . 6 3 . 4 3 . 3 Z . 3 2 . 6

FEB 1 . 3 1 . 9 0 . 6 0 . 5 1 . 0 0 . 7 0 . 9 1 . 9 1 . 4 6 . 3 1 . C 1 . 5 2 . 2

MAR 1 . 4 1 . 4 0 . 7 1 . 1 1 . 5 0 . 7 1 . 6 Z . G 1 . 5 0 . 7 1 . 7 1 . 1 2 . 7

APR 1 . 5 0 . 7 0 . 6 0 . 7 . 3 0 . 8 1 . 7 3 . 3 1 . 6 0 . 3 1 . 6 2 . 7 1 . 9

MAY 0 . 5 0 . 2 0 . 2 0 . 6 0 . 5 0 . 3 0 . 7 0 . 2 0 . 7 0 . 4 1 . 0 0 . 7 1 . 6

JUN OR LATER 3 . 1 4 . 1 1 . 8 4 . 3 9 . 5 2 . 6 2 . 2 3 . 0 4 . 5 3 . 6 2 . 8 3 . 1 3 . 7

TOTAL + 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0

1 / INCLUDES ONLY CERTIF ICATES ISSUED I N DENOMINATIONS OF S 1 0 0 , 0 0 0 OK MORE BY WEEKLY REPORTING BANKS.


TABLE TC

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

BY FEDERAL RESERVE DISTRICT

AS OF 26 HAY 1476

(CUMULATIVE PERCENTAGE)

MATURING I N ALL D I S -

TRICTS BOSTON

zl Z >

|

P H I L A -DELPHIA

CLEVE-LAND

K l CH-MOND ATLANTA

CH 1 CAGO

ST. LOUIS

M1NNE-AFGL1S

KANSAS CITY DALLAS

SAN FRAN-CISCO

MAY 27-MAY 3 1 2 . 8 2 . 1 2 . 6 1 . 5 2 . 2 4 . 5 4 . 6 4 . 2 J . l 2 . 1 4 . 1 3 . 6 3 . 4

JUN 3 5 . 0 3 8 . 1 3 3 . 7 3 4 . 2 3 3 . 5 4 2 . 1 3 7 . 1 3 3 . 7 3 5 . 9 3 3 . 6 4 4 . 2 4 1 . 6 3 3 . 2

JUL 5. 5 5 7 . 5 5 3 . 3 5 6 . 2 52 .4 6 0 . 5 5 7 . 1 5 6 . 6 5 4 . 4 5 3 . b 6 2 . 7 6 0 . 4 w

AUG 6 6 . 9 6 8 . 0 6 6 . 9 6 8 . 2 6 4 . 6 7 1 . 5 6 9 . 9 6 9 . 5 6 4 . 6 b& .4 7 2 . 9 7 1 . 2

SEP 7 4 . 2 7 5 . 2 7 6 . 3 7 6 . 0 7 0 . 6 7 6 . 9 I t . 9 7 3 . 8 7 1 . a 7 2 . 0 7 8 . 2 7 5 . 7 6 b . 3

OCT 8 1 . 2 8 2 . 8 8 5 . 3 6 3 . 4 7 5 . 4 tt4.0 * 2 . 0 7 9 . 1 7 7 . 7 7 4 . 6 8 4 . 1 8 1 . 4 7 3 . 9

NOV 8 7 . 1 6 o . C 9 2 . 9 8 8 . 5 7 4 . 7 9 0 . 4 6 8 . 2 8 2 . 9 b a . O 8 1 . 6 8 7 . 4 8 5 . 4 6 0 . 4

DEC 8 9 . 6 8 9 . 8 9 4 . 7 9 1 . 3 * 2 . 7 9 2 . 8 9 0 . 1 6 5 . 8 8 6 . 9 8 5 . 2 6 9 . 3 8 8 . 4 8 3 . 5

JAN 9 2 . 0 9 1 . 8 9 5 . 9 9 2 . 6 8 5 . 0 9 4 . 7 9 2 . 8 6 9 . 4 9 0 . 3 6 8 . 5 9 1 . 6 9 1 . 0 8 7 . 7

FEB 9 3 . 3 9 3 . 7 9 6 . 7 9 3 . 1 6 6 . C 9 5 . 4 9 3 . 7 3 1 . 7 9 4 * 6 92 - c- 9 2 . 5 5 9 . 9

MAR 9 4 . 7 9 5 . 1 9 7 . 4 9 4 . 2 8 7 . 5 V I . 1 9 5 . 5 9 ? . 3 " 3 . 2 9 5 , 5 9 4 . 3 9 3 . 6 9 2 . 6

APR 9 6 . 2 9 5 . 6 9 8 . 0 9 4 . 9 8 9 , 6 9 6 . 9 9 7 . 2 9 b . 6 9 5 . 0 9 5 . 8 9 6 . i 9 6 . 3 9 4 . 5

MAY 9 6 . 7 9 6 . 0 9 8 . 2 9 5 . 7 9 0 . 3 9 7 . 2 9 7 . 9 9 6 . 6 9 5 . 7 9 6 . 2 9 7 . 9 7 . 0 9 o . 1

JUN OR LATER 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 10 0 . 0 1 0 0 . 0 1 0 0 . 0 100.0 1 / INCLUDES ONLY CERTIFICATES ISSUED I N DENOMINATIONS OF SIOO fOOO OR MORE BY WEEKLY KFP0KT1NG BANKS,


TABLE t E 1 / 2 /

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

BY FEDERAL RESERVE DISTRICT

AS OF 2 6 MAY l*?7b

(PERCENTAGE 01 ST RIcUTION)

a CD'S MATURING I N ALL

C I S -1FICTS 60^ ION

NEW YORK

P H I L A -DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

C H I -CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

SAN FRAN-CISCO

1976 JUN 3 V . 0 6 6 . 1 3 4 . 5 4 3 . 3 3 6 . 3 4 0 . 2 41 . 5 3 3 . 5 4 8 . 7 2 5 . 6 5 5 . 4 5 3 . 9 4 0 . 5

JUL u u t 2 1 . 1 1 4 . ? 2 0 . 3 dk . 6 l i . t 1 - .2 3 4 . 8 1 0 . 9 2 2 . 0 1 3 . 7 1 2 . 8 1 3 . 4

AUG !** . 1 2 . G Z 2 . 1 1 5 . 1 2 2 . 0 1 8 . 2 I S . 7 1 9 . 7 l b . 2 2 3 . 3 1 5 . 8 1 7 . 2 17 . 1

SEP 2 . 3 2 . 6 i . ? 2 . 8 3 . c 5 . 3 3 . 2 1 . 8 4 . 1 2 . 1 1 . 7 1 . 5 3 . 1

OCT 1 . 3 2 . 9 1 . 8 1 . 1 3 . 0 1 . 2 1 . 2 2 . 2 0 . 7 2 . 1 1 . 6 2 . 9

NOV 1 3 . ? 3 . 4 2 1 . 6 1 0 . 5 5 . 7 1 1 . 6 l* t . 6 5 . 9 1 1 . 1 1 6 . 2 3 . 4 8 . 0 1 2 . 7

UEC o . > 0 . 4 0 . 5 1 . 2 1 . 1 1 . ? O . t O . t 0 . 8 5 . 7 0 . 2 0 . 5 0 . 7

197? JAN 0 . 6 0 . 1 0 . 3 0 . 7 2 . 9 1 . 6 1 . 2 1 . 2 0 . 0 1 . 3 0 . 4 0 . 3

FEB 0 . 3 0 . 2 0 . 4 0 . 3 0 . 2 0 . 4 0 . 3 0 . 2 0 . 5 0 . 3 0 . 2 0 . 3 0 . 2

m a 0 . 1 0 . C 0 . 0 0 . 3 O . i 0 . 1 0 . 1 0 . 1 0 . 0 1 . 3 0 . 0 0 . 0 0 . 2

APR O . t 0 . 4 0 . 2 0 . 7 0 . 7 0.* t 0 . 1 0 . 3 0 . 2 O . z C. 7 0 . b 2 . 2

WAY OR LATER < . 2 0 . 2 0 . 7 3 . 0 1 . 3 1 . 0 2 . 4 1 . 0 3 . 4 1 . 2 6 . 3 3 . 3 6 . 9

TOTAL 1 6 0 . 0 1 0 0 . 0 1 0 0 . C 1 0 0 . 0 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 1 0 0 . 0 1 0 0 . 0

1 / SEE TECHNICAL APPENDIX A ,

2 / INCLUDES ONLY CERTIFICATES ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 (M MORE BY WEEKLY REPORTING BANKS.

NOTE - SALES I N TH IS TABLE AkE NOT ADJUSTED FOR C D ' S THAT HAVE MATURED.

* DETAILS MAY NOT ADD TO TOTALS DUE TO hOUNOiNG.


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