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August 18, 1981 • L . 4 . 1 (731) NOT FOR PUBLICATION SURVEY OF MONETARY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of July 29, 1981 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 . MATURITY DISTRIBUTION OF OUTSTANDING AMD SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LABGE COMMERCIAL BANKS 1/ AS OF JOLT 29, 1981 <AMODNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN I 1 | A M 0 U N T 1 1 | TOTAL I | 1 1 OUTSIDE 1 NEW YORK CITY | 1, I 1 I 1 1 HEW YORK CITY I | . , 1 1 1 .1 1 OUTSIDE 1 NSW YORK CITY 1 1 1 SALES SINCE PREVIOUS PERIOD 0 U T S T A N D I N G TOTAL 1 I 1 I | NEW YORK CITY 1 1 I ' J 4,965 1,253 3,712 AUGUST 44,669 11,910 32,759 24,082 7,019 17,063 SEPTEMBER 27,696 6,990 20,706 11,856 2,671 9,185 OCTOBBB 14,242 3,649 10,592 NOVEMBER-JANUARY (4-6 MONTHS) 19,705 6,074 13,631 1982 FEBRUARY-JULY (7-12 MONTHS) 3,586 368 3,218 15,183 2/ 4,203 2/ 5,554 634 4,919 120,417 30,880 89,537 51,121 13,893 37,228 33,947 9,723 24,223 13,688 4,068 9,620 BEYOND JANUARY (OVER 6 MONTHS) 9,140 1,003 8,137 1,495 134 1,361 SEPTEMBER TAX MATURITY 1,892 562 1,330 2.5 2.1 2.6 2.5 2.5 2,6 1981 JULY 30-31 OVER 12 MONTHS TOTAL JO,981 2/ MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF SI BILLION OR MORE AS OF DECEMBER 31, 1977. SALES HITS MATURITIES BEXOND SECOND MONTH. FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE AVAILABLE ON REQUEST FROM THE BANKING SECTION, DIVISION OF RESEARCH AMD STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF JULY 29, 1981 _ _ _ (PERCENTAGE DISTRIBUTION) A M O U N T I CD'S MATURING IN TOTAL SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G I | | OUTSIDE | NEW YORK CITY | NEW YORK CITY J TOTAL L I I I J J L | OUTSIDE | | | NEW YORK CITY | NEW YORK CITY j 4,1 4.1 4.2 AUGUST 37.1 38.6 36.6 47.1 50-5 45.8 SEPTEMBER 23.0 22.6 23.1 23.2 19.2 24,7 OCTOBER 11.8 11.8 11.8 NOVEMBER-JANUARY (4-6 MONTHS) 16.4 19.7 15.2 1982 FEBRUARY-JULY (7-12 MONTHS) 3.0 1.2 3.6 29.7 2/ 30.3 2/ 29.5 2/ 4.6 2.1 5.5 100.0 100.0 100.0 100.0 100.0 100.0 28.2 31.5 27.1 26.8 29.3 25.8 7.6 3.3 9.1 2.9 1.0 3.7 1.6 1.8 1.5 1981 JULY 30-31 OVER 12 MONTHS TOTAL MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) BEYOND JANUARY (OVER 6 MONTHS) SEPTEMBER TAX MATUgjTY 1/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF JULY 29, 1981 , (AMOUNTS IN MILLIQNS_OF_DQLLARSJ_. J CD'S MATURING IN A M O U N T ! BANK • I TOTAL SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G 1 I I | S I Z E ~ (ASSETS) I $1-5 BILLION | | BANK SIZE 1. $5 BILLION AND OVER I TOTAL I | J I (ASSETS) I $1-5 BILLION | | L $5 BILLION AND OVER 4,965 2,284 2,682 44,669 18,547 26,122 24,082 10,627 13,455 27,696 10,271 17,425 11,856 5,141 6,715 OCTOBER 14,242 4,829 9,412 NOVEMBER-JANUARY (4-6 MONTHS) 19,705 5,223 14,482 3-586 1.<« 2.36, -5.-63 2/ ..63.2/ 5,554 998 4,555 120,417 43,351 77,066 51,121 20,401 30,720 33,947 10,052 23,894 13,688 4,477 9,211 BEYOND JANUARY (OVER 6 MONTHS) 9,140 2,197 6,943 1,495 157 1,339 SEPTEMBER TAX MATURITY 1,892 743 2.5 2.0 1981 JULY 30-31 AUGUST SEPTEMBER -0.550 2/ (7-12 MONTHS) OVER 12 MONTHS TOTAL MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ v ™ SMTSf, 1,150 2.7 "M'00° " 2.5 "°" ISS °ED " 2.2 " ™ 2.8 I .1 I I I L TABLE 4 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF JULY 29, 1981 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN I I •L | I I I A M O U N T I | TOTAL | 4. 1 1981 JULY 30-31 I I I I 0 U T S T A N D I N G BANK SIZE I $1 -5 BILLION I I | (ASSETS) $5 BILLION AND OVER 5.3 3.5 I I I I I I | I 1 SALES SINCE PREVIOUS PERIOD | TOTAL BANK SIZE (ASSETS) I . .. — I I | $1-5 BILLION | $5 BILLION | | AND OVER _1 „ -1- AUGUST 37.1 42.8 33.9 47.1 52.1 43.8 SEPTEMBER 23.0 23.7 22.6 23.2 25.2 21.9 OCTOBER 11.8 11.1 12.2 NOVEMBER-JANUARY (4-6 MONTHS) 16.4 12.1 18.8 1982 FEBRUARY-JULY (7-12 MONTHS) 3.0 2.8 3.1 29.7 2/ 22.7 2/ 34.3 2/ 4.6 2.3 5.9 100.0 100.0 100.0 100.0 100.0 100.0 28.2 23.2 31.0 26.8 21.9 30.0 BEYOND JANUARY (OVER 6 MONTHS) 7.6 5.1 9.0 2.9 .8 4.4 SEPTEMBER TAX MATURITY 1.6 1.7 1.5 OVER 12 MONTHS TOTAL MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) 1/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS HITH DOMESTIC ASSETS OF $1 BILLION OB MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. » r I I _1 I 4 I | | 1 TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF JULY 29, 1981 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN ALL DISTRICTS I I BOSTON I I NEW | PHILA-| CLEVE-I RICHYORK |DELPHIAL LAND | MOND I I I I I I I I ATLANTA|CHICAGO I L I L 1 I i I I I i I I I L J L ST. | MINNE-I KANSASI I SAN LOUIS | APOLISI CITY | DALLAS| FRAN| I I CISCO | 4,965 246 1,460 145 227 183 151 634 62 56 209 413 1,182 AUGUST 44,669 2,177 13,576 1,101 2,213 1,544 922 6,288 496 1,150 1,135 3/500 10,567 SEPTEMBER 27,696 1,320 7,748 614 1,677 891 462 4,771 186 502 372 2,122 7,032 OCTOBER 14,242 587 4,086 243 887 401 190 2,298 91 501 155 938 3,866 NOVEMBER-JANUARY (4-6 MONTHS) 19,705 425 6,439 248 1,258 441 219 2,787 106 381 255 1,421 5,723 1982 FEBRUARY-JULY (7-12 MONTHS) 3,586 158 468 121 149 121 78 509 41 10 79 237 1,615 5,554 23 832 89 274 42 29 290 23 109 31 279 3,533 120,417 4,936 34,608 2,561 6,685 3,623 2,052 17,577 1,004 2,708 2,234 8,912 33,518 33,947 1,013 10,525 491 2,145 842 410 5,085 197 882 409 2,359 9,589 BEYOND JANUARY (OVER 6 MONTHS) 9,140 181 1,299 211 424 163 107 799 64 119 109 517 5,148 SEPTEMBER TAX MATURITY 1,892 97 631 35 90 61 20 300 11 89 15 87 457 AVERAGE MATURITY (IN MONTHS) 2/ 2.5 1.7 2.2 2.2 2.5 1.9 1.9 2.2 1.9 2.2 1.7 2.2 3.3 NUMBER OF BANKS 126 9 19 7 10 13 10 15 5 3 5 8 22 1 )81 JULY 30-31 OVER 12 MONTHS TOTAL MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) 1/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. 2/ WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL* OUTSTANDINGS COLUMN IN TABLE 1. TABLE 6 Mig.HI DISTRIBUTION OF O O T S U . U H .BGOTIAELE T I U CBBIIEICATES OB DEPOSIT AT LARGE COMMERCIAL BASKS 1/ BI FBDERA1 RESERVE DISTRICT AS OF JULY 29, 1931 I I c DIST- CD'S MATURING IN |DBLPHI&! " : r | s s s ~ T . i c , i c . G o i BOSTON I J.. J- 5.7 3.4 .1. 1_ J«s I K " « s I I I SAN | DALLAS! FRAN- | J CISCO | I L ! J- 5.0 7.3 3.6 6.2 2.1 9.3 4.6 3.5 4.1 5.0 4.2 35.8 49.4 42.5 37.1 42.6 44.9 AUGUST 33. 1 31.5 43.0 39.3 39.2 50.8 44.1 24.6 22.5 27.1 18.5 SEPTEMBER 25.1 21.0 24.0 23.8 22.4 16.6 26.7 18.5 23.0 9.3 13.1 9.0 6.9 11.9 11.1 18.5 11.8 13.3 11.5 9.5 10.5 11.8 10.7 10.6 14.1 16.4 12.2 15.9 NOVEMBER-JANUARY (4-6 MONTHS) 18.8 17.1 9.7 16.0 18.6 11.4 8.6 3.3 3.8 2.9 4.1 1982 FEBRUARY-JULY (7-12 MONTHS) 2.2 4.8 4.7 2.7 1.4 3.5 3.2 •4 3.0 1-2 1.4 1.7 2.3 4.0 4.6 4.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 3.1 $ 100-0 10.5 2.4 3.5 1.4 .5 28.2 20.5 30., 19.2 32.1 23.3 20.0 28.9 19.6 32.6 26.5 28.6 6.3 5.2 4.6 6.4 4.4 15.4 3.8 4.5 • 5.8 3.7 8.2 4.9 7.6 1.4 1-7 1.7 1.1 3.3 .7 1.6 1-4 1.0 1.4 1.8 1.0 2.0 1981 JULY 30-31 OCTOBER OVER 12 MONTHS TOTAL MEMORANDUMS OCTOBER-JANUARY (3-6 MONTHS) BEYOND JANUARY (OVER 6 MONTHS) SEPTEMBER TAX MATURITY ™ % ? : u s 5 s " " " " r " " " """ 18.3. > TABLE 7 SALES OF NEGOTIABLE XIHE CBBXIFICATBS OF DEPOSIT SINCE PBEVIOOS MONTH AT LABGE COHHEBCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF JOLI 29, 1981 A M O U N T S IN BILLIONS OF DOLLARS) I CD'S HATORING IN | | | I _L ALL DISTBICTS 1 | BOSTON! I J 1 I I 1 I I I I I I HEN | PHILA-| CLEVB-I BICH- | J XOBK |DELPHIAJ LAND | HOND |ATLANTA|CHICAGO I I I L_ I L— I 1 I L I I SI. LOWS I I I I I I | BINHE-| KANSASI | | APOf>IS| CITX | DALLAS! 1 __l I I I 1 SAN I CISCO | ,—L 1 24,082 1,300 7,996 497 1,342 793 568 2,859 319 486 864 1,933 5,125 SEPTEMBER 11,856 883 2,943 361 733 355 230 2,005 88 368 202 916 2,771 OCTOBER OB LATER 15,183 401 4,599 262 906 353 173 2,514 90 543 146 872 4,326 51,121 2,584 15,537 1,120 2,981 1,500 971 7,377 497 1,398 1,211 3,721 12,223 13,688 361 4,482 227 857 321 167 2,431 84 551 152 868 3,187 1,495 40 117 35 49 31 6 83 6 -8 -7 4 1,139 2.5 2.0 2.4 2.4 2.5 2.3 2.0 2.6 1.9 2,7 1.6 2,2 3.1 MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) BEYOND JANUARY (OVER 6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 2/ INCLDDES NEGOTIABLE CEBTIFICATES OF DEPOSIT IN DENOHINATIOHS OF $100,000 OB HQBB ISS0B8 BX BANKS WITH DOMESTIC ASSETS OF $1 BILLION OB MOBB AS OF DECEMBER 31, 197%. DETAILS MAX NOT ADD TO TOTALS DOB TO BOUNDING. NEGATIVE VALUES, FOB SOME DISTBICTS, SOMETIMES BBSOLT FROM THE PBOCEDOBE THAI ESTIMATES SALES FOB THE 7TH MONTH OF THE TOTAL OF 7-12 MONTIS HATOBITIBS OF THE PBEVIOOS SOBVBI. THESE ESTIMATES ABB BASED ON A BATIO OF THE 7TH MONTH TO THE TOTAL OF 7-12 MONTHS FOB ALL BBF01TESS BAXHEB THAN FOB THE INDIVIDUAL DISTBICTS. WEIGHTING PBOCEDOBE IS THE SAME AS THAT OSBD FOB •TOTAL* SALES COLUMN IN TABLE 1. ! FBAN- | AUGUST TOTAL I I TABLE 8 SAXES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF JULY 29, 1981 CD'S MATURING IN I | | | 1 1 ALL DISTRICTS 1 1 1 1 | BOSTON| 1 J PlSTgimiom 1 1 1 1 1 1 1 MEM | PHILA-1 CLBVB-1 BICHYORK |DELPHIAJ LAND | MOND 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 ST. • MINNE-I KANSASI 1 SAM 1 |ATLANTA CHICAGO| Lqois 1 APOLISI CITY | DALLAS1 FRAN- 1 1 1 1 1 1 1 CISCO 1 1 . ... 1 1 - ...1 .1 L AUGUST 47.1 50.3 51.5 44.4 45.0 52.8 58.5 38.8 64.3 34.8 71.3 51.9 41.9 SEPTEMBER 23.2 34.2 18.9 32.2 24.6 23.7 23.7 27.2 17,7 26.3 16.7 24.6 32.7 OCTOBER OR LATER 29.7 15.5 29.6 23.4 30.4 23.5 17.8 34.1 18.1 3?.9 12.0 23.4 35.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100,0 26.8 14.0 28.9 20.2 28.7 21.4 17.2 33.0 16.9 39.4 12,6 <3,3 26.1 2.9 1.6 .8 3.1 1.7 2.1 .6 ,1.1 1.2 -.5 -•6 .1 9.3 TOTAL MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) BEYOND JANUARY (OVER 6 MONTHS) 1/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BX BANJCS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. DETAILS MAI NOT ADD TO TOTALS DUE TO ROUNDING.