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Also, the proportion of sight to time deposits is very low.
To avoid penalties, such time deposits must be held for their full term.
Turn now to the 30 year time deposits and let us examine the banker's plans.
Football, like a time deposit, is governed by a clock.
Suppose the yield on this time deposit is 8.65 per cent.
Those transactions were characterized in the complaint as "time deposits."
A rise in the rate of interest may encourage people to switch from sight to time deposits.
But over the last two years, $608 billion has come out of insured time deposits.
Time deposits form the largest item, accounting for around 50 per cent of the total.
For example, three-month time deposits in London were offered yesterday at about 8 5/16 percent.
But the money was in a time deposit that could not be redeemed for a while without a financial penalty, the staff report says.
Often, time deposits are paid off all at once when an institution is placed into receivership.
There was also a drop in the M-2 money supply (currency, checking accounts and some time deposits).
Commercial banks' liabilities include both sight and time deposits.
M-3 is a broad measure of money that includes currency, checking accounts and most time deposits.
There are two major types of deposit: sight deposits and time deposits.
Nearly every source of bank funds - from large time deposits to money market deposits - has been expanding this year.
M3 is M1 plus bank time deposits and certificates of deposit.
(b) The inclusion of time deposits in the definition of the money supply.
The bank's deposit products included checking, savings, money market, and time deposit accounts.
Short-term interest rates were little changed, with large three-month interbank time deposits offered at about 7 1/16 percent in London.
Subscribers may invest in time deposit or demand deposit types of securities.
The public held almost all the local currency in seven-day time deposits, which paid a monthly real interest rate of about 10%.
These include high-quality corporate debt, Government securities and Eurodollar time deposits.
Those rates are far lower than the yields of more than 8 percent in the wholesale market for large-sized bank time deposits.