l41_19760929.pdf

Scplcmber 29, 19 76

i

L. 4.1 CONFIDENTIAL (FR)

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF

DEPOSITS AT LARGE WEEKLY REPORTING B.V.'KS

tilt of

August 25, 1976

NOTE: Sales since the previous survey end comparisons with previous data reflect revisions In the Jvly report whereby $198.7 ml I H o n In outstanding negotiable CDs have bt-en

TABLE 1 1/

u* ou*si*N&:NO NEtoiiAbie i:Mt ctRTiFiLAits c DEPcsn A? HFL'ULV HPOIiTlNi, BANKS

A S L F j > A U O *976

AMjw*; im&Liows * F|RtlHlAIe

iisimtfUiim CUMULATIVE FERtENTAbt

bALES SINCE tRt-VlbuS MLNTh 2/

(MILLIONS OF DOLLARS 1

- j# *.Otf.# 6.2 .0 :**##*# I # e t #* *' 28.f 34.8 b68V .6 tt< 12,202.4 %*. 51.3 z,759.7 %nv< * *,??*.* 13.3 t>6 .O

TAELF 2 A

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

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

AS OF 25 AUG 1976

(IN MILLIONS OF DOLLARS)

NEW YORK CITY CHICAGO ALL OTHER WEEKLY REPORTING 6At

CO*S MATURING IN AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH 2/

AMOUNT SALES SINCE PREVIOUS MONTH ,

1$?6 AUG 26 - AUG 31 1,28-.6 .0 450.2 .0 2,355.6 .0

SEPTEMBER 6,462 -2 1,602.9 1,509.1 447.6 10,903.5 4,639.1

OCTOBER 4,822.7 820.5 1,189.0 420.7 6,191.2 1,516.5

NOVEMBER 3,485.1 823.6 750.9 347.0 4,538.7 1*606.1

DECEMBER 1,544.9 137.4 503.9 38.6 3,315.5 427.S

197? JANUARY 1,626.9 108.2 615.4 49.4 2,581.6 319.1

FEBRUARY 1,106.0 838.7 304.7 124.7 1,393.4 667.4

MARCH 247.2 13.2 228.5 19.6 604.9 7b. 3

APRIL 231.1 56.8 416.4 51.2 810.b 60.9

MAY 135.2 89. O 78.6 51.9 509.7 104.d

JUNE 178.8 1>.4 220.3 55.4 53^.9 36.2

JULY 76.4 12.5 264.3 16.2 489 . -4 .

AUGUST 98.8 91.2 Z3 237.2 232.4 /3 466.3 *t>0 .3 /3

OVER 12 MONTHS 419.9 XXX 216.6 XXX 1,327.0 XXX

TOTAL * 22,fIS.9 4,609.4 7,005.1 1,854.7 36,222 .4 V,9bb.'*

OF REPORTING BANKS 10

TABLE *E

1/ MAT*0k ] T y LSI SlKlBVi JON OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT

H(4 YORK CITY, CHICAGO, AND ALL OIHER WEEKLY REPORTING bANKS AS OF 25 AUG 1976 AND 28 JUL 197b

(PERCENTAGE LI STMBUTJON)

NFW YORK CITY CHICAGO ALL OlHtK 25 AUG 28 JUL 25 AUG 28 JUL 25 AUG 2b JUL

u-t> DAYS 2/ 5.7 2.4 6.4 4.0 6.5 3.2 01 MONTHS V 28.4 26.7 11.5 31.8 30.1 3 2 .0 02 MONTHS 21.2 20.5 17.0 14.5 17.1 17.0 03 MONTHS 15.3 16.9 10.7 10.5 12.5 12.7 04 MONTHS 11.2 11.2 7.2 5.5 9.2 8.0 05 MONTHS 7.2 10.1 8.8 6.4 7.1 7.6 06 MONTHS 4.9 6.4 4.3 7.7 3.6 6.1 07 MONTHS 1.1 1. 1 3.3 2.5 2.2 2.0 08 MONTHS 1.0 1.0 5.9 2.9 2.2 2.0 09 MONTHS .6 .7 1.1 5.0 1.4 2.0 10 MONTHS .8 .2 3.1 .4 1.5 1.1 11 MONTHS .3 .7 H.l 2.3 1.4 1.4 12 MONTHS .4 .3 3.4 3.7 1.3 1.2

OVER 12 MONTHS 1.8 1.8 3.1 3.0 3.7 3.6 TOTAL * 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/ 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 it 1/

HAIlFItY 01S1RIBU1ION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT NEW YORK CITY* CHICAGO, AND ALL OTHER WEEKLY REPORTING BANKS

AS Of 25 AUG 1976 AND 28 JUL 1976 (CUMULATIVE DISTRIBUTION)

NEW YORK CITY CHICAGO ALL OTHER IN

25 AUG 26 JUL 25 AUG 28 JUL 25 AUG 28 JUL

0-6 DAYS 2/ 5.7 2.4 6 .4 4.0 6.5 3.2 01 MONTHS 3/ 34.1 29.1 27.9 35.8 36.b 35.2

0? MONTHS 55,3 49.6 44.9 50.3 53.7 52.2

93 MONTHS 70.6 66.5 55.6 60.8 66.2 64.9

04 MONTHS 81.8 77.7 62.8 66.3 75.4 72.9

05 MONTHS 89.0 87.8 71.6 72.7 82.5 80.7

OO MONTHS 93.9 94.2 75.9 80.4 bb.3 86 . b

07 MONTHS 95.0 95.3 79.2 82.9 db.5 66 . b

08 MONTHS 96.0 96.3 85.1 85.8 90.7 90.b

0* MONTHS 96.6 97.0 96.2 90.8 92.1 92 .8 ID MONTHS 97.4 97.2 69.3 91.2 93.6 93 .9

:i MONTHS 97.7 97.9 93.4 93.b 95.0 9 5.3

12 MONTHS 98.1 98.2 96.8 97.2 96.3 96.^

VER ! I? MONTHS 100.0 100.0 100.0 100.0 100.0 100.U

1 / tNCLUtrS ONLY CERTIFICATES IN DENOMINATIONS 0* *100,000 OR MORE ISSUED BY WEEKLY REPORTING RANKS.

2/ 4( R OF OAv S REMAINING IN SURVEY MONTH. THIS PERIOD VARIES WITH THE NUMBER OF DAYS FOLLOWING THE LAST WEDNESDAY OF THE MONTH.

/ V'MbtR '"if MONTHS FOLLOWING THE SURVEY MONTH.


U H * 0#STk%4iTlf OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES Uh DtPOSIT 1/ *1 WEEKLY REPORTING BANKS BY SIZE f?F PANKb //

AS OF 25 AUG 1976 I AMOUNTS IN MILLIONS OF DOLLARS)

AUf Zh-tl

i l U f w p f *

fLfOt** NO w I f* ^ I e

OtCf**fR 1977 JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE JULY AUGUST SEPTEMBER OR LATER

TOTAL *

SEPTEMBER 10 SEPTEMBER 15

l i l T A l

4,(4( .

1 lit H 7* m *

12,2C.U t# 7 74 V o.16*.2

4,823.* 2*803.t

1.280.5

1,458.0

723.5 934.0 d 50.2 802.4

1.963.6

65,946.6

671.6 1,774.0

$ BILLIUN ANL UVbR S500 $500 MILLION Si BILLION

Nil i ION TU TO & m UNDER St BILL ION $5 blLLlON TOTAL

NL H YORK 11 IV

LiUT ' , I Dc Nhw YL'*"\

CITY

1,077.*,

522.1 426.2 250.9 208.6 121.6

50.0

55.2

3 6.7

4b.2 53.6 30.9

51.8

3,155.5 (MEMORANDUM:

55.5

75.6

421.2 2,059.9

1,03fc.0 627.4 386.0

353.2 163.8 87.4

iOt .0

69.8

8C.3 91 .9 47.2

t,320.1

6,151.4

3,605.8 2 ,240.e 1,749.0

1 ,218.6 o50.0

359.9

*,72.3

196.7

239.6 200.7 148.9

1,115.3

9,566.1

7,037.1 5,4b0.5 3,978.3

3,043.5 1,867.5

783. j

824.5

420.3 567.9 504 .0 575.4

1,!S0.5

5,798.6

4 , 519.4: 3 ,319.3 2 ,419.0

1,560.8 1 ,060.7

4:16.2 209.7

119.5

173.5 71.z 46.0

9 3 4 t>

3,7 67.3

2,>17.4 c 111. c 1,559.3 I ,4627

o06 a

567.0

61** .8

300.b

394.4 432.b

479.4

82.3 518.6 1,310.9

5,614.4 19,072.2 38,104.5 TAX AND DIVIDEND MATURITIES)

61.5 269.4 465.2

155.7 553.2 989.5

401.7 909.2

21,176.1 16,928.4

291.4

539.2 193.6

450.3

241

(MEMORANDUMS NUMBER OF BANKS) 80 61 83 17 10

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NOT ADO DUE TO FOUNDING. Digitized for FRASER

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

TABLE 38 SALES /!/ OF NEGOTIABLE H U E CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKS BY SIZE OF BANKS 3/

AS OF 25 AUG 1976 I AMOUNTS IN MILLIONS OF DOLLARS)

$5 BILLION AND OVER

CO*S HA TURING IN TOTAL $500

MILLION AND UNDER

$500 MILLION TO t LLION

$1 BILLION TO

BILLION CO*S HA TURING IN TOTAL

$500 MILLION

AND UNDER $1 B1

MILLION TO t LLION $5

BILLION TO

BILLION TOTAL NEW YORK

CITY

OUTSIDE NEW YORK

CITY H H AUG 16-11

SEPTEMBER 6,689.4 491.9 1,022.0 2,491.3 2,684.2 1,413.1 1,271.1

OCTOBER 2,759.7 133.1 291.9 961.9 1,372.8 743.6 629.0

HOWNBeil 2*776.8 189.9 318.0 884.7 1,364.2 763.9 620.3

OECEMBE* 603.* 52.8 73.2 280.3 197.2 113.3 83.9

19?? JANUARY 476.6 36.5 70.5 162.0 207.6 102.5 105.1

FEBRUARY 1.630.7 77.0 16.0 321.2 1,156.5 627.0 3Z9.5

MARCH 107.% 3.1 4.3 75.2 25.3 13.0 12.3

APRIL 18#*% 3.5 3.9 97.2 84.3 47.5 36.6

MAY 245.6 4.2 12.7 72.6 156.1 77.7 ?&. 4

JUNE 107.1 2.5 2.9 16.5 85.4 15.0 70.4 JULY 82.9 5.4 8.3 13.1 56.1 11.6 *,4.5

AlfGUSl #R LASER T84.1 33.4 46.5 163.4 540.8 61.5 459.3

1JIAL * 16,453.i 1,033.1 1,930.2 5,539.4 7,950.5 ** * ^ 09 . 9 3, /40.c (MEMORANDUMS TAX AND DIVIDEND MATURITIES)

SEPTEMBER 30 365.1 35.5 33.6 125.9 170.1 *9.7 120.H SEPTEMBER lb 4*1.2 33.0 75.8 164.4 206.v tiO.l 127.9

- * * ' - < MEMORANDUM: NUMBER OF BANKS)

241 BO 61 63 17 7 10

:/ M f ||tH**ICAL APPtNf !* A. / includes ct*tiif!t*f * is oen^'inaiinNa o* $100,000 fw more issukD by wftkly h e p o r u n g m n k s . V 10IA1 ASSETS AS fctPURlEfe Is Ts CALL RfPORt OF C W m ION ON JUMf- 10, 1975. TOTALS MAY NOT ADI, DUE WP SOUNDING.


tM-t 1 it MATuRIlY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/ AS WfctKLY REPORTING BANKS BY SIZE OF bANKS 2/

AS OF 25 AUG 1976 PFRCENTAGE DISTRIBUTION

$5 BILLION AND UVEk

**00 $500 MILLION SI BILLION IN 10TAL HI LI ION TO TO

AND UNCIR H BILLION *5 BILLION TOTAL bUTSivi NEW YORK NEW VUKK

CITY L17 Y

AUG 26-31 6.2 ?. 1 7.5 6.9 5.6 5.6 5.5

SiFTF^bEK 28.6 34.1 36.7 32.3 25.2 27.*

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

AS OF 25 AUG 1976 CUMULATIVE PERCENTAGE

$5 BILLION AND OVER

$500 $500 MILLION $1 BILLION CD'S MATURING IN TOTAL MILLION TO TO

AND UNDER $1 BILLION $5 BILLION TOTAL NEW YORK

CITY

OUTSIDE NEW YORK

CITY

AUG 26-': 6.2 7.1 7.5 6.9 5.6 5.6 5.5

SEPTEMBER 34.8 41.2 44.2 39.2 30.8 33.0 27.9

OCTOBER 53.3 57.7 62.7 58.1 49.3 54.3 42.8

NOVEMBER 66.6 71.2 73.9 69.6 63.7 70.0 55. to DECEMBER 76.3 79.2 80.6 79.0 74.1 81.4 64.8

JANUARY 83.6 85.8 87.1 85.4 62.1 6b.9 73.4

FEBRUARY 67.9 89.7 90.0 88.8 87.0 93.9 78.Z

MARCH 69.8 91.3 91.6 90.7 89. 1 94.9 til .5

APRIL 92.0 93.0 93.5 93.2 91.3 95.9 65.1

MAY 93.1 94.2 94.7 94.2 92.4 96.5 86.9

JUNE 44.5 95.7 96. 1 95.5 93.9 97.3 69.c

JULY 95.8 97.4 97.7 96.6 95.2 97.6 91.6

AUGUST 97.0 98.4 98.5 97.4 96.7 9*.L 94.6

SEPTEMBER OR LATER 100.0 100.0 100.c 100.0 100.0 100.0 100.0

%/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS KFPURTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. * TOTALS MAY NOT f :>0 Out TO ROUNDING.


7AblE ?E SALEL /!/ OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH 2/ AT WEEKLY REPORTING BANKb BY SIZE OF BANKS 3/

AS OF 25 AUG 1976 PERCENTAGE DISTRIBUTION

:LS MA7JKING IN

1976 AUG 26-31

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

1977 JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST OR LATER

TOTAL *

SEPTEMBER 10

SEPTEMBER 15

TOTAL

40.7 1 6 . a

16. 9 3.7

2.9

9.9

0.7

1.1 1.5

0.7

0.5

4.8 100.0

2.2 2.9

Sb BILLION AND OVER

$500 MILLION

AND UNDER

$500 MILLION TO

$1 BILLION

11 BILLION TO

% 5 BILLION TOTAL NEW YORK

CITY

OUT :> I l t *b W YOHi<

CI TV

47.6

12.9

18.4

5.1

3.5

7.5

0.3

0.3

0.4

0.2 0.5

3.2

100.0

52 .9

15.1

16.5

3.8

3.7

3.9

0.2 0.2 C.7

0.2 0.4

2.4

100.0

45.0

17.4

16.0 5.1

2.9

5.8

1.4

1.8 1 .3

0.3

0.2

2.9 100.0

33. b

17.3

17.4

2.5

2.6 14.b

0.3

1.1 2.0 1.1 0.7

6.8 100.0

33.6

17.7

lti.l 2.7

2.4

19.6

0.3

1.1 1.8 0.4

0.3

1.9

100.0

241

TABLE 4A AVERAGE MATURITY

OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

AT WEEKLY REPORTING BANKS AT VARIOUS SURVEY DATES

(IN MONTHS)

DATE OF SURVEY BANK CLASSIFICATION , -

25 AUG 1976 28 JUL 1976 30 J UN 1976 (BY LOCATION)

ALL REPORTING BANKS ISSUING CD'S 3.0 3.0 2.9

NEW YORK CITY 2.6 2.7 2.8 CHICAGO 4.0 3.5 3.0 OTHER 3.1 3 , 1 3.0

(BY SIZE OF BANK) 2/

UNDER S500 MILLION 2.7 2.7 2.7 $500$1,000 MILLION 2.5 z.6 2-b $1,000-15,000 MILLION 2.8 2.8 2.8 OVER $5 BILLION 3.2 3.2 3.0

IN NEW YORK CITY 2.6 2.7 2-6 OUTSIDE NEW YORK CITY 3.9 3.7

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

TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDI I T , UN JUNE 30, 1975. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 46 AVERAGE MATURITY

OF NECL-TIABU TIME CERTIFICATES OF DEPOSIT 1/

SOLD BY WEEKLY REPORTING BANKS DURING THE MONTH OF VARIOUS SURVEYS

(IN MONTHS)

DATE OF SURVEY 25 AUG 1976 28 JUL 197b 30 J UN 1976

(BY LOCATION)

ALL REPORTING BANKS ISSUING CD'S 2.8 2.6 2.4

NEW YORK CITY 2.9 2.7 3.0 CHICAGO 4.0 3.3 2.2 OTHER 2.5 2.4 2.2

(BY SIZE OF BANK) 2/

UNDER $500 MILLION 2.4 2.2 2.3 $500-11,000 MILLION 2.0 2.1 2.0 $1*000~$5,000 MILLION 2.4 2,3 2.2 OVER $5 BILLION 3.3 2.9 2.6

IN NEW YORK CITY 2,9 2.8 3.1 OUTSIDE NEW YORK CITY 3.7 3.1 2.2

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY WEEKLY REPORTING BANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975. N O T E S E E TECHNICAL APPENDIX B.


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

TO TOTAL DEPOSITS AT VARIOUS SURVEY DATES

(PER CENT)

DATE OF SURVEY TOTAL ASSETS 2/

IIN MILLIONS OF DOLLARS)

ALL BANKS ISSUING CD'S

UNDER 500 500 - 1000 1000 - 5000 OVFR 5000

IN NEW YORK CITY OUTSIDE NEW YORK CITY

25 AUG 1976

18.7

28 JUL 1976

19.1

13.5 15.2 15.2 22.9 27.3 19.0

13.5 14.8 15.3 23.5 27.6 19.7

30 JUN 1976

18.8

12.7 13.9 14.9 23.4 25.4 21.5

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.


T A M E 56 RATIO OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

TO TOTAL DEPOSITS AS OF ?5 AUG 1976

(NUMBER OF bANKS)

TOTAL ASSETS 2/ ( IN MILLIONS OF DOLLARS!

5t OR

LESS

5 TO

lOt 10 TO 15%

15 TO

20* 20 ^5% AVfckAGfc LL TO Ok 10 DEPOSIT

25% MORE RATIO (PER CENT)

ALL BANKS ISSUING CD'S 34 56 37 30 40

UNDER 500 500 - 1000 1000 - 5000 OVER 5000

IN NEW YORK CITY OUTSIDE NEW YORK CITY

17

12 15 0

0

0

16 8 9 1

0

t

19 17 17 3 1

2

10 4

20 3 0

3

9 9 10

2

9 11 12 3

4 4

13.b 15.2 15.2 22.9 27 . 3 19.C

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.


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

TABLE 5C

PER CENT CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF DEPOSIT /I 28 JUL 1976 TO 25 AUG 1976

(NUMBER OF BANKS)

TOTAL ASSETS 2/ (IN MILLIONS OF DOLLARS)

DECLINES OF INCREASES OF REDUCED CD'S TO ZERO

103 OR MORE

5 TO 10%

5% OR LESS

NO CHANGE

51 OR LESS

5 TO 10% 10* OR MORE

ISSUED CD'S BUT HAD NONE OUTSTAND-ING ON BASE DATE

ALL BANKS ISSUING CD'S 26 33 59 10 42 28 42

UNDER 500 0 7 9 17 6 18 7 15 1 500 - 1000 0 4 6 12 2 11 9 17 0

1000 - 5000 C 13 13 21 2 12 12 10 0

OVER 5000 0 2 5 9 0 1 0 0 0

IN NEW YORK CITY 0 1 2 4 0 0 0 0 0 OUTSIDE NEW YORK CITY 0 1 3 5 0 1 0 0 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.

NOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES Tu 1HE EXTENT THAT BANKS IMA HAD OUTSTANDING CD'S ON THE LAST SURVEY REDUCED THEIR OUTSTANDINGS TO ZERO ON THIS SURVEY.


TABLE 50

PER CENT CHANbE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATE OF UEP0S1T /I

26 MAY 1976 TO 25 AUG 1976

(NUMBER OF BANKS I

70T&L DEPOSITS /2 REDU- DECLINES OF INCREASE OF IbSULi.; CED , , L D * S 5 u I : i m u

U N MILLIONS OF DOLLARS) CD * S 251 20 15 10 5 5% NO 5% 5 10 15 2C 25% NONE TO OR TO TO TO TO OR OR TO TO TO 10 OA UU 1 b f ANUl.Nb

ZERO MORE 25* 20% 15% 10% LESS CHANGE LESS 10% 15% 20* 2 5* MURE ON BASE uAlfc iLL BANKS ISSUING

CD'S 0 13 7 13 10 31 36 6 34 2ti 17 7 9 29 1

UNDER 500 0 7 2 4 4 9 9 4 7 6 7 3 4 13 1 500 - 1000 0 1 3 3 2 5 i 1 9 9 5 3 3 11 G 1000 - 5000 0 5 2 4 3 9 18 1 17 11 5 I 2 5 0 OVER 5000 0 0 0 2 1 8 3 0 1 2 0 0 C 0 0

IN NEW YORK CITY 0 0 0 1 0 5 0 0 1 0 0 0 0 0 0 OUTSIDE NEW YORK CITY 0 0 0 1 1 3 3 0 0 2 0 0 0 0 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.

NOTE- THE NUMBER OF BANKS IN THIS TABLE DIFFERS FROM THOSE IN MOST OTHER TABLES 1U THE EXTENT THAT BANKS THAT HAD OUTSTANDING CD'S ON THE SURVEY THREE MONTHS PRIOR TO THE CURRENT SURVEY, REDUCED THEIR OUTSTANDINGS TO ZERO.


TABLE 5E CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT 1/

OVER THE MONTH AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 28 JUL 1976 TO 25 AUG 1976

(NUMBER OF BANKS)

TOTAL ASSETS 2/ DECLINES OF INCREASES OF (IN MILLIONS OF DOLLARS) 3% 2 1 1% NO IX 1 2 3%

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

ALL BANKS ISSUING CD'S 6 7 32 73 10 66 22 14 10

UNDER 500 1 1 10 21 6 23 8 4 5 500 - 1000 2 1 3 16 2 22 6 6 3 1000 - 5000 2 4 12 29 2 20 8 4 2 OVER 5000 1 1 7 7 0 1 0 0 0

IN NEW YORK CITY 1 0 3 3 0 0 0 0 0 OUTSIDE NEW YORK CITY 0 1 4 4 0 1 0 0 G

1/ INCLUDES CERTIFICATES IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY WEEKLY REPORTING RANKS. 2/ TOTAL ASSETS AS REPORTED IN THE CALL REPORT OF CONDITION ON JUNE 30, 1975



TABLE 5F CHANGE IN OUTSTANDING NEGOTIABLE TIME CERTIFICATES OP DEPOSIT 1/

OVER THE LAST THREE MONTHS AS A PER CENT OF TOTAL DEPOSITS AT THE BEGINNING OF THE PERIOD 26 MAY 1976 TO 25 AUG 1976

(NUMBER OF BANKS)

TOTAL ASSETS 2/ DECLINES OF INCkbASES OF

(IN MILLIONS OF DOLLARS) 5% 4 3 2 I 1% NO 1% 1 2 3 4 b% AND TO TO TO TO AND CHANGE AND TO TO 10 10 AND OVER bt 4% 3% 2X LESS UNDER 2% 3% 4% b* UVEA

ALL BANKS ISSUING CD'S 6 1 7 15 30 52 6 54 30 13 13 7

UNDER 500 1 1 5 4 8 15 4 14 12 3 b 2 4 500 - 1000 1 0 0 3 7 9 1 IB 7 3 7 3 2

1000 - 5000 3 0 0 4 11 25 1 22 9 6 0 2 0

OVER 5000 1 0 2 4 4 3 0 0 2 1 0 0 0

IN NEW YORK CITY 0 0 0 4 2 0 0 0 1 0 0 0 0

OUTSIDE NEW YORK CITY 1 0 2 0 2 3 0 0 1 1 0 0 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.



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

AT WEEKLY REPORTING BANKS BY FEDERAL RESERVE DISTRICT

AS OF 25 AUG 1976 (AMOUNTS IN MILLIONS OF DOLLARS)

CDS MATURING IN ALL DIS-

TRICTS BOSTON NEW YORK

PHILA-DELPHIA

CLEVE-LAND

1976 AUG 26AUG 31 4090.7 124.4 1421.1 165.6 SEP 18875.0 964.2 7262.2 822.0 OCT 12202.8 557.5 5205.9 576.6 NOV 8774.6 328.5 3690.6 340.3 DEC 6364.2 269.8 2689.9 203.0

1977 JAN 4824.0 132.8 1682.2 147.4 FEB 2803.0 98.5 1138.3 53.8 MAR 1280.5 51.3 257.6 45.1 APR 1457.9 39.5 2 50.2 29.2 MAY 723.4 19.8 153.4 25.4 JUN 933.9 34.6 196.1 60.2 JUL 850.4 21.7 64-3 44.9 AUG 802.3 11.3 102.3 25.3 SEP OR LATER 1963.5 139.3 434.8 112.6

107AL * 659*6.2 2813.2 24568.9 2651.4

AVERAGE MATURITY IN MONTHS 2/ 3.0 2.8 2.5 2.9

RICH-MOND

204.7 9 10.1 557.7 397.6 357.9 241.6 92.6 62.6

110.5 33.8 46.0 34.5 65.3

299.0 3413.9

3.6

ATLANTA CHI-CAGO

147.1 581.3 351.1 261.9 179.5 180.1 83.3

25.0 26.8 13.3 50.8 10.7 6.9

39.7 1957.5

2.7

216.4 744.2 497.5 403.1

223.9 196.8 103.1

55.2 49.2 29.1 33.9 29.7 19.5 55.7

2657.3

641 .4

2329.7

1837.3

1070.7

800.3

763.1

413.6

267.6

462.3

99.1

244.0

307 .5

248.7

235.2

9720.7

2.7 3.5

ST. LOUIS

52.1

246.0

134.0

114.6

109.5

84.4

43.3

26.9

20.3

13.1

15.4

5.5

3.7

33.1

901 .9

3.1

MINNE-APOLIS

KANSAS CITY

31.0

131.9

41.4

52.2

47.1

37.3

43.0

18.8 5.2

3.1

2.9

1.0 6.3

14.3

435.5

3.1

121.2 566.5

272.1

168.9

85.8

8b .4

34.5

33.3

31.6

24.0

23.4

35.6

17.6

36.0

1542.9

2.7

DALLAS 330.6

1402.0

687.0

436 . 6

*11 .4

415.b

lc3.S

70.3

161.8 69.2

>0.6 133.7

66 . 8 33.6

4433.3

2.9

S A # f FRAN-CISCO

635.1

2912.9

1484.7

1509.6

966.1

654.1 534.9

366. b

271.3

2 4 C ^ ^

17o. 0 14 i. :

c28.c 5/6 . c

106t9.1

3.5

NUMBER OF REPORTING BANKS 241 16 36 10 1 6 19 23 36 11 18

TABLE 6b 1/ 2/

SALES CF NEGJl 1 At$LF TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH WEEKLY REPORTING BANKS

BY FEDERAL RESERVE DISTRICT AS OF 25 AUG 1976

1 AMOUNTS IN MILLIONS OF DOLLARS)

CD'S MATURING IN ALL DIS-

TRICTS BOSTON NEW YUdK

PHILA-DELPHIA

CLEVE-LAND

RICH-MONO ATLANTA i l i

i g | 55

i !

ST. LOUIS

MINNE-APOLIS

KANSAS CITY bALLAS

f- h A i\ -C1 SC b

SEP t66fc . 1 *08.4 2C44.2 346.3 370.3 20e.Z 319.4 751 .4 79.7 63.0 283.7 6 3** . 4 i109.1

OCT * . i

NOV 2776.6 169.5 V,8.3 88.0 125.6 06. B 135.3 ^74.2 4*1.7 12.n 7b .b 194. c 4

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


AS OF 25 AUG 1976 (PERCENTAGE DISTRIBUTION)

CD 1S MATURING IN ALL DIS-


PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

S A N ^ F FRAN-CISCO

1976 AUG 26AUG 31 6.2 4.4 5.8 6.2 6.0 7.5 8.1 6.6 5.8 7.1 7.9 7.5 5.9 SEP 28.6 34.3 29.6 31.0 26.6 29.7 28.0 24.0 27.3 30.3 36.8 31.6 16.8 OCT 18.5 19.8 21.2 21.7 16.3 17.9 18.7 18.9 14.9 9.5 17.6 15.5 13.7 NOV 13.3 11.7 15.0 12.8 11.6 13.4 15.2 11.0 12.7 12.0 10.9 9.8 13.9 DEC 9.7 10.3 10.9 7.7 10.5 9.2 8.4 8.2 12.1 10.8 5.6 9.3 6.9

1977 JAN 7.3 4.7 6.8 5.6 7.1 9.2 7.4 7.9 9.4 8.6 5.7 9.4 7.9 FEB 4.3 3.5 4.6 2.0 2.7 4.3 3.9 4.3 4.8 9.9 2.2 3.7 4.9 MAR 1.9 1.8 1.0 1.7 1.8 1.3 2.1 2.8 3.0 4.3 2.2 1.6 3.4 APR 2.2 1.4 1.0 1.1 3.2 1.4 1.9 4.8 2.3 1.2 2.0 3.6 MAY 1.1 0.7 0.6 1.0 1.0 0.7 1.1 1.0 1.5 0.7 1.6 1.6 JUN 1.4 1.2 0.8 2.3 1.3 2.6 1.3 2.5 1.7 0.7 1.5 1.1 1.6 JUL 1.3 0.8 0.3 1.7 1.0 0.5 1.1 3.2 0.6 0.2 2.3 3.0 1.3 AUG 1.2 0.4 0.4 1.0 1.9 0.4 0.7 2.6 0.4 1.4 1.1 1.5 J SEP OR LATER 3.0 5.0 1.8 4.2 8.8 2.0 2.1 2.4 3.7 3.3 2.5 O.b 4.9

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. C

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


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


AS OF 25 AUG 1976 (CUMULATIVE PERCENTAGE)

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

TRICTS BOSTON YORK DELPHIA LAND MOND ATLANTA CAGO LOUIS A POLIS CITY DALLAS L3 biu

AUG 2b -AUG 31 6.2 4.4 5.8 6.2 6.0 7.5 8.1 6.6 5.6 7. 1 7.9 7.5 5.9

SEP 34.8 38.7 35.4 37.2 32.6 37.2 36.1 30.6 33.1 37.4 44.7 39.1 32.7 OCT 53.3 58.5 56.6 58.9 48.9 55.1 54.8 49.5 48.0

TABLE 6E 1/ 2/

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

BY FEDERAL RESERVE DISTRICT AS OF 25 AUG 1976

(PERCENTAGE DISTRIBUTION)

CD'S MATURING IN ALL DIS-


PHILA-DELPHIA

CLEVE-LAND

RICH-MOND ATLANTA

CHI-CAGO

ST. LOUIS

MINNE-APOLIS

KANSAS CITY DALLAS

S A * FRAN-CISCO

1976 SEP 40.6 45.3 37.8 46.7 43.8 39.9 45.6 29.3 33.5 50.0 57.9 48.9 44.8

OCT 16.8 17.5 18.2 27.1 16.9 18.8 15.8 21.1 16.8 9.3 11.0 10.7 10.o

NOV 16.9 18.8 17.5 11.8 14.8 16.8 19.3 18.5 17.5 7.5 15.6 13.9 17.1

DEC 3.7 5.8 3.2 2.9 4.5 3.6 3.0 3.4 7.4 3.2 3.7 6.1 2.5

1977 JAN 2.9 2.6 2.1 2.2 6.3 5.2 2.2 2.9 7.1 7.4 3.1 2.8 2.8

FEB 9.9 3.2 15.7 4.5 4.2 10.6 9.0 6.6 12.0 9.5 3.5 6.3 9.6

MAR 0.7 0.7 0.3 0.2 0.6 1.0 0.3 0.6 1.9 9.4 0.3 0.6 0.6

APR 1.1 1.0 1.1 0.2 0.5 1.1 0.3 2.1 1.2 1.8 0.1 3.0 0.1

MAY 1.5 0.9 1.7 0.2 0.5 0.7 0.6 2.2 2.0 0.0 0.7 2.3 # JUN 0.7 0.4 0.3 0.3 0.4 0.6 0.1 2.3 0.2 0.0 0.1 0.0 0.6

JUL 0.5 0.4 0.3 0.9 0.3 0.3 0.7 0.8 0.1 0.0 0.6 0.4 0. b

AUG OR LATER 4.8 3.3 1.8 3.1 7.1 1.4 3.2 9.5 0.3 1.9 3.3 H .7 D . TI

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/ SEE TECHNICAL APPENDIX A. 2/ INCLUDES ONLY CERTIFICATES ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY WEEKLY REPORTING BANKS. NOTE - SALES IN THIS TABLE ARE NOT ADJUSTED FOR CD'S THAI HAVE MATURED. D-TAILS MAY NOT ADD 10 TOTALS DUE TO ROUNDING.

I 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-

parable1 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 tie*

deposits under current regulations is 30 days, the time period between

monthly survey dates (28 to 34 days) suggests that very few sales are loet

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 W 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'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 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 ia 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 cere and references should be made to actual dollar

aalee bv 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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