2007-06-06 03:47:07 · 5 answers · asked by JT T 2 in Business & Finance ➔ Investing
as of 2006, or 2007
2007-06-06 04:01:28 · update #1
any estimates? -that are sourced an validated
2007-06-06 04:45:27 · update #2
CDs mature every day and are originated every second. It would be impossible to say
2007-06-06 03:50:43 · answer #1 · answered by Mr Chris 4 · 0⤊ 0⤋
You can get a good estimate by looking at the money supply statistics tracked by the Federal Reserve. M2 includes "small-denomination time deposits", which are CDs issued in amounts less than $100,000. It doesn't include CDs issued in larger amounts. That was included in M3, but the Fed is no longer publishing M3 statistics. Also, the M2 stats subtract out CDs that are held in IRA and Keogh accounts.
With those caveats, the following link indicates that, as of May 21, $766.8 billion dollars in CDs were issued by commercial banks and another $423.1 billion issued by thrift institutions, for a total of $1189.9 billion. That's well over a trillion dollars, so the the amount of CDs in the country is extremely large.
http://www.federalreserve.gov/releases/h6/current/
2007-06-06 05:33:30 · answer #2 · answered by zygote222 5 · 0⤊ 0⤋
I don't think it would be possible to calculate that figure because the thousands companies that issue C.D.'s, banks, credit unions, etc. are competing with each other for business and would have to coordinate a massive information system {like Yahoo} among their competitors.
If your interested in comparing nationwide banking dollars, there is a company that rates banks solvency nation wide. I found it in Barrons newspaper.
2007-06-06 04:30:10 · answer #3 · answered by beesting 6 · 0⤊ 0⤋
As of April 1, 2007, $1.1875 trillion.
2007-06-06 05:33:43 · answer #4 · answered by bullandbearwisedotcom 2 · 0⤊ 0⤋
Barrons might publish it. They publish the amount in money market funds each week.
2007-06-06 05:33:11 · answer #5 · answered by jeff410 7 · 0⤊ 0⤋