View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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NOT FOR PUBLICATION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.