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j > L.4.1.(731) NOT FOR PUBLICATION August 18, 1980 « D E P " itSERVF'SAMK - 1980 ^Researcn<-or3?y- SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of July 30, 1980 / Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE MATURITY DISTRIBUTION 1 OF O U T S T A N D I N G A N D SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S AT L A R G E C O M M E R C I A L B A N K S AS OF JULY 30, I ; CD'S M A T U F T N G IN TOTAL 1980 O U T S T A N D I N G I | I I I I .1 1 1_ | OUTSIDE 1 I | NEW YORK C I T Y | NEW YORK C I T Y | SALES SINCE PREVIOUS PERIOD I TOTAL I I OUTSIDE f NEW YORK C I T Y | 1 J 1 1 192 962 AUGUST 23,441 4,505 18,937 10,574 1,809 8,765 SEPTEMBER 16,046 3,114 12,932 4,496 830 3,666 OCTOBER 12,191 3,611 8,580 NOVEMBER-JANUARY (4-6 MONTHS) 20,031 7,042 12,990 FEBRUARY-JULY (7-12 MONTHS) 6,265 979 5,285 OVER 4,437 976 3,561 83,566 20,319 63,246 25,900 5,483 20,417 OCTOBER-JANUARY (3-6 MONTHS) 32,222 10,652 21,570 9,391 2,658 6,733 BEYOND JANUARY (OVER 6 MONTHS) 10,702 1,856 8,846 1,440 186 1,254 2,048 274 1,774 3.2 3.4 3.2 3.1 3.5 3.0 12 MONTHS TOTAL 10,831 2/ 2,844 2 / 7,986 2 / MEMORANDUM: SEPTEMBER 15 TAX M A T U R I T Y AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY BANKS W I T H D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS OF DECEMBER 31, 1977. SALES WITH M A T U R I T I E S BEYOND SECOND MONTH. F O R M U L A S FOR C A L C U L A T I O N OF A V E R A G E MATURITIES ARE A V A I L A B L E ON REQUEST FROM T H E B A N K I N G S E C T I O N , DIVISION OF R E S E A R C H A N D S T A T I S T I C S , BOARD OF G O V E R N O R S OF THE FEDERAL R E S E R V E SYSTEM. I I | NEW YORK C I T Y 1,154 1980 JULY 31 1981 1/ (AMOUNTS IN M I L L I O N S OF DOLLARS) A M O U N T OF D E P O S I T TABLE 2 M A T U R I T Y D I S T R I B U T I O N OF OUTSTANDING AND SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT L A R G E C O M M E R C I A L B A N K S AS OF JULY 30, 1/ 1980 [PERCENTAGE PISTRIBUTION) AMOUNT C D ' S M A T U R I N G IN I TOTAL 1990 JULY 31 1991 O U T S T A N D I N G I | NEW 1 1 YORK CITY | OUTSIDE | NEW YORK C I T Y J t SALES S I N C E P R E V I O U S PERIOD I | | L TOTAL I I | NEW YORK C I T Y J \ I OUTSIDE | NEW YORK CITY J 1.4 .9 1.5 AUGUST 28.1 22.2 29.9 40.9 33.0 42.9 SEPTEMBER 19.2 15.3 20.5 17.4 15.1 18.0 OCTOBER 14.6 17.8 13.6 NOVEMBER-JANUARY (4-6 MONTHS) 24.0 34.7 20.5 FEBRUARY-JULY (7-12 MONTHS) 7.5 4.8 8.4 41.8 2 / 51.9 2 / 39.1 OVER 5.3 4.3 5.6 100.0 100.0 100.0 100.0 100.0 100.0 OCTOBER-JANUARY (3-6 MONTHS) 3ft .6 52.4 34.1 36.3 48.5 33.0 92YOND JANUARY (OVER 6 MONTHS) 12,8 9.1 14.0 5.6 3.4 6.1 2.5 1.4 2.8 12 M O N T H S TOTAL MEMORANDUM: SEPTEMBER 15 TAX M A T U R I T Y 1/ 2/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S W I T H D O M E S T I C A S S E T S OF $1 B I L L I O N OR M O R E AS O F DECEMBER 31, 1977. SALES WITH M A T U R I T I E S B E Y O N D SECOND MONTH. f 2/ I 1 I I | 1 TABLE 3 M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G AND SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S AT L A R G E C O M M E R C I A L B A N K S AS OF JULY 30, OF D E P O S I T 1/ 1980 (AMOUNTS IN M I L L I O N S OF DOLLARS) A M O U N T CD'S M A T U R I N G IN O U T S T A N D I N G BANK SIZE TOTAL $1-5 BILLION SALES S I N C E P R E V I O U S PERIOD (ASSETS) $5 BILLION A N D OVER BANK SIZE I _1 | | TOTAL $1-5 B I L L I O N I (ASSETS) I | | $5 BILLION AND OVER 1 1981 746 408 AUGUST 23,441 11,736 11,706 10,574 5,980 4,594 SEPTEMBER 16,046 7,464 8,582 4,496 2,499 1,997 OCTOBER 12,191 4,695 7,496 NOVEMBER-JANUARY (4-6 MONTHS) 20,031 6,680 13,352 FEBRUARY-JULY (7-12 MONTHS) 6,265 2,204 4,061 4,420 2/ 6,411 OVER 4,437 717 3,720 83,566 34,242 49,324 25,900 12,899 13,001 OCTOBER-JANUARY (3-6 MONTHS) 32,222 11,375 20,847 9,391 3,980 5,411 BEYOND JANUARY (OVER 6 MONTHS) 10,702 2,921 7,781 1,440 440 999 2,048 724 1,324 3.1 2.7 3.5 12 MONTHS TOTAL 10,831 2 / MEMORANDUM: SEPTEMBER 15 TAX M A T U R I T Y AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 3.2 2.6 3.7 I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S W I T H D O M E S T I C ASSETS CF $1 B I L L I O N OR M O R E AS O F DECEMBER 31, 1977. SALES WITH M A T U R I T I E S BEYOND SECOND MONTH. F O R M U L A S FOR C A L C U L A T I O N OF A V E R A G E MATURITIES ARE A V A I L A B L E ON R E Q U E S T FROM T H E B A N K I N G S E C T I O N , D I V I S I O N OF R E S E A R C H A N D S T A T I S T I C S , B O A R D OF G O V E R N O R S OF T H E FEDERAL R E S E R V E SYSTEM. 1 1 1 1,154 1990 J U L Y 31 I 2/ TABLE 4 M A T U R I T Y D I S T R I B U T I O N OF OUTSTANDING AND SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT LARGE C O M M E R C I A L B A N K S AS OF J U L Y 30, 1/ 1980 (PERCENTAGE D I S T R I B U T I O N ) A M O U N T C D 1 S M A T U R I N G IN O U T S T A N D I N G BANK SIZE TOTAL $1-5 B I L L I O N SALES S I N C E P R E V I O U S PERIOD (ASSETS) I j I 1 $5 BILLION AND OVER I _1 I I 1 BANK SIZE TOTAL $1-5 BILLION (ASSETS) I I 1 $5 BILLION AND OVER _1_ .8 1.4 2.2 AUGUST 28.1 34.3 23.7 40.8 46.4 35.3 SEPTEMBER 19.2 21.8 17.4 17.4 19.4 15.4 OCTOBER 14.6 13.7 15.2 NOVEMBER-JANUARY (4-6 MONTHS) 24.0 19.5 27.1 FEBRUARY-JULY (7-12 MONTHS) 7.5 6.4 8.2 4 1.8 2 / 34.3 2 / 49.3 2 / OVER 5.3 2.1 7.5 100.0 100.0 100.0 100.0 100.0 100.0 OCTOBER-JANUARY (3-6 MONTHS) 38.6 33.2 42.3 36.3 30.9 41.6 BEYOND J A N U A R Y (OVER 6 MONTHS) 12.8 8.5 15.8 5.6 3.4 7.7 2.5 2.1 2.7 1980 JULY 31 1981 . 12 M O N T H S TOTAL MEMORANDUM: SEPTEMBER 15 TAX M A T U R I T Y 1/ 2/ INCLUDES N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S WITH DOMESTIC A S S E T S OF <61 BILLION OR MORE AS O F DECEMBER 31, 1977. SALES WITH M A T U R I T I E S BEYOND S E C O N D MONTH. . I I -1 I _1 I 1 .1 TABLE 5 M A T U R I T Y D I S T R I B U T I O N O F O U T S T A N D I N G NEGOTIABLE T I M E C E R T I F I C A T E S OF D E P O S I T AT L A 2 G E C O M M E R C I A L B A N K S 1/ AS OF JULY 30, BY F E D E R A L R E S E R V E D I S T R I C T 1980 (AMOUNTS IN M I L L I O N S OF DOLLARS! CD'S M A T U R I N G IN 1980 JULY 31 ALL DISTRICTS BOSTON NEW YORK I I I I I I 1 PHILA-1 CLEVE-I RICH|DELPHIA| L A N D | MONO I J I J I 1 ATLANTA C H I C A G O ST. LOUIS I I I I I J I J | MINNS-| | APOLIS| I I I I J 1. KANSAS) 1 SAN C I T Y | DALLAS| F R A N I I CISCO 1,154 72 268 74 38 65 33 124 4 30 25 133 288 AUGUST 23,441 1,299 5,620 878 1,782 1,026 652 3,659 246 528 535 2,011 5,209 SEPTEMBER 16,046 945 3,810 515 1,086 644 403 2,585 146 356 245 1,447 3,864 OCTOBER 12,191 485 4,037 304 859 455 247 1,965 88 200 177 758 2,616 NOVEMBER-JANUARY (4-6 MONTHS) 20,031 463 7,620 313 1,024 526 346 2,238 88 316 223 1,533 5,341 1981 F E B R U A R Y - J U L Y (7-12 MONTHS) 6,265 70 1,036 135 6 34 142 111 736 37 157 130 626 2,450 4,437 141 952 104 203 31 33 461 2 69 25 24 6 2,169 83,566 3,475 23,343 2,323 5,627 2,888 1,824 11,768 611 1,656 1,360 6,755 21,935 OCTOBER-JANUARY (3-6 MONTHS) 32,222 948 11,657 617 1,883 980 593 4,203 176 516 400 2,291 7,058 BEYOND JANUARY (OVER 6 MONTHS) 10,702 211 1,988 239 838 173 144 1, 198 39 226 156 873 4,619 2,048 128 351 45 114 81 25 630 15 26 23 152 460 AVERAGE MATURITY (IN MONTHS) 2/ 3.2 2.3 3.2 2.6 3.1 2.3 2.5 2.8 2.2 3.0 2.7 3.1 4.1 NUMBER 126 9 19 7 11 13 9 15 5 3 5 3 22 OVER 12 MONTHS TOTAL MEMORANDUM: SEPTEMBER 15 TAX M A T U R I T Y 1/ 2/ OF B A N K S I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY BANKS W I T H D O M E S T I C A S S E T S OF $1 B I L L I O N OR M O R E AS O F DECEMBER 31, 1977. W E I G H T I N G P R O C E D U R E IS THE S A M E AS THAT USED FOR •TOTAL* O U T S T A N D I N G S C O L U M N IN T A B L E 1. TABLE 6 M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S O F D E P O S I T AT L A R G E C O M M E R C I A L B A N K S 1/ AS OF JULY 30, C D ' S M A T U R I N G IN 1990 JULY 31 ALL DISTRICTS BOSTON NEW YORK I I BY F E D E R A L R E S E R V E D I S T R I C T 1980 (PERCENTAGE DISTRIBUTION) I I I I | PHILA-I CLEVE-I R I C H |DELPHIA| L A N D | MOND I 1 I J I J ATLANTA C H I C A G O ST. LOUIS I I I 1 I I I I J J i I | MINNE-I K A N S A S | | SAN | APOLIS| CITY | DALLAS| F R A N I I I CISCO I 1.4 2.1 1.2 3.2 .7 2.2 1.8 1.1 .7 1.8 1.8 2.0 1.3 AUGUST 28.1 37.4 24.1 37.8 31.7 35.5 35.7 31.1 40.2 31.9 39.3 29.8 23.7 SEPTEMBER 19.2 27.2 16.3 22.2 19.3 22.3 22.1 22.0 23.9 21.5 18.0 21.4 17.6 OCTOBER 14.6 14.0 17.3 13.1 15.3 15.7 13.5 16.7 14.4 12.1 13.0 11.2 11.9 NOVEMBER-JANUARY (4-6 MONTHS) 24.0 13.3 32.6 13.5 18.2 18.2 19.0 19.0 14.4 19.1 16.4 22.7 24.4 1931 F E B R U A R Y - J U L Y (7-12 MONTHS) 7.5 2.0 4.4 5.8 11.3 4.9 6.1 6.3 6.1 9.5 9.6 9.3 11.2 5.3 4.1 4.1 4.5 3.6 1.1 1.8 3.9 .3 4.2 1.9 3.7 5.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 OCTOBER-JANUARY (3-6 MONTHS) 33.6 27.3 49.9 26.6 33.5 34.0 32.5 35.7 28.8 31.2 29.4 33.9 36.3 BEYOND J A N U A R Y (OVER 6 MONTHS) 12.8 6.1 8.5 10.3 14.9 6.0 7.9 10.2 6.3 13.6 11.4 12.9 21.1 2.5 3.7 1.5 1.9 2.0 2.8 1.4 5.4 2.5 1.6 1.7 2.3 2. 1 OVER 12 MONTHS TOTAL MEMORANDUM: SEPTEMBER 15 TAX M A T U R I T Y 1/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS O F DECEMBER 31, 1977. M O R E I S S U E D BY B A N K S WITH TABLE 7 S A L E S OP N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT S I N C E P R E V I O U S MONTH AT L A R G E C O M M E R C I A L B A N K S 1/ BY F E D E R A L R E S E R V E D I S T R I C T AS O F JULY 30, 1980 (AMOUNTS IN M I L L I O N S OF DOLLARS) ALL DISTRICTS C D ' S M A T U R I N G IN AUGUST SEPTEMBER O C T O B E R OR LATER TOTAL BOSTON NEW YORK I I I I I I I I I I J I J I 1 I l PHILA-I CLEVE-I RICH|DELPHIA| L A N D | MOND |ATLANTA C H I C A G O ST. LOUIS 1 I 1 I 1 I I M I N N S - | KKAANNSSAASS!| | SAN | MINN2-1 1 APOLIS| C I T Y | DALLAS\ F R A N I CISCO I I I J 10,574 704 2,439 412 782 412 299 1,870 112 194 411 947 1,991 4,496 4 05 1,107 179 209 184 85 1, 122 64 56 107 297 682 10,831 345 3,286 229 459 358 158 1, 211 67 217 176 948 3,377 25,900 1,454 6,831 820 1,450 953 542 4,204 243 467 693 2,191 6,050 9,391 306 3,135 203 358 351 149 1,070 54 193 123 811 2,639 1,440 39 151 26 101 7 9 141 13 24 53 137 739 3. 1 2.3 3.1 2.5 2.7 2.7 2.4 2.6 2.6 3.2 2.5 3.1 3.9 MEMORANDUM: OCTOBER-JANUARY (3-6 MONTHS) BEYOND JANUARY (OVER 6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 2/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S WITH D O M E S T I C ASSETS OF $1 B I L L I O N OR MORE AS O F DECEMBER 31, 1977. D E T A I L S MAY N O T A D D TO T O T A L S DUE TO R O U N D I N G . N E G A T I V E V A L U E S , FOR S O M E DISTRICTS, SOMETIMES R E S U L T FROM THE P R O C E D U R E T H A T E S T I M A T E S S A L E S FOR THE 7TH MONTH OF THE T O T A L OF 7-12 MONTH M A T U R I T I E S O F T H E P R E V I O U S S U R V E Y . T H E S E E S T I M A T E S A R E B A S E D ON A RATIO OF THE 7TH MONTH TO THE TOTAL OF 7 - 1 2 M O N T H S FOR ALL R E P O R T E R S RATHER THAN FOR T H E I N D I V I D U A L D I S T R I C T S . W E I G H T I N G P R O C E D U R E IS THE S A M E AS THAT USED FOR 1 TOTAL* SALES C O L U M N IN T A B L E 1. TABLE 8 S A L E S OF N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S MONTH AT LARGE C O M M E R C I A L B A N K S 1/ BY F E D E R A L R E S E R V E D I S T R I C T AS O F JULY 30, C D ' S M A T U R I N G IN ALL DISTRICTS BOSTON NEW YORK 1 1 1980 (PERCENTAGE DISTRIBUTION) 1 I 1 I | P H I L A - ] CLEVE-I RICH|DELPHIA| L A N D j MOND I I 1 1 J ATLANTA CHICAGO ST. LOUIS 1 1 1 I 1 1 1 1 I J J 1. 1 | MINNE-1 K A N S A S ! I SAN | APOLIS| C I T Y | DALLAS! F R A N 1 CISCO I I I AUGUST 40.8 48.4 35.7 50.2 54.0 43.2 55.1 44.5 46.1 41.6 59.3 43.2 32.9 SEPTEMBER 17.4 27.8 16.2 21.9 14.4 19.3 15.7 26.7 26.2 12.0 15.4 13.6 11.3 O C T O B E R OR LATER 41.3 23.7 48.1 27.9 31.6 37.6 29.1 28.8 27.7 46.4 25.3 43.2 55.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 36.3 21.1 45.9 24.7 24.7 36.9 27.5 25.5 22.3 41.3 17.7 37.0 43.6 5.6 2.7 2.2 3.2 7.0 .7 1.7 3.4 5.4 5.2 7.6 6.3 12.2 TOTAL MOFANDTJM: OCTOBER-JANUARY (3-6 MONTHS) BEYOND J A N U A R Y (OVER 6 MONTHS) 1/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S WITH D O M E S T I C ASSETS OF $1 B I L L I O N OR MORE AS O F DECEMBER 31, 1977. D E T A I L S MAY N O T A D D TO T O T A L S DUE TO R O U N D I N G .
@FedFRASER