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JUNE 15, 1982 L»4.1(731) NOT FOR PUBLICATION I \ V • 1 4?S*- SURVEY OF mTURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of May 26, 1982 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 IIAIDPITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF MAY 26, 1982 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN 1 1 1 | 1 1 1 A tt 0 U N T TOTAL 1 I 1 I I NEW YORK CITY 1 | 1 1 1 1 OUTSIDE 1 NEW YORK CITY | i I 1 1 1 1 1 OUTSIDE 1 1 1 1 NEW YORK CITY 1 NEW YOR% CITY | 1 1 SALES SINCE PREVIOUS PERIOD 0 U T S T A N D I N G TOTAL .. . 5,838 1,402 4,436 JUNE 57,170 17,460 39,711 26,925 7,349 19,576 JULY 25,559 6,096 19,462 10,164 2,764 7,401 AUGUST 14,007 3,830 10,177 SEPTEMBER-NOVEMBER (4-6 MONTHS) 18,054 4,161 13,893 DBCEMBER-MAY (7-12 MONTHS) 4,530 526 4,005 14,187 2/ 4,254 2/ 9,933 2/ OVER 12 MONTHS 5,764 618 5,146 130,922 34,093 96,828 51,276 14,367 36,909 AUGUST-NOVEMBER (3-6 MONTHS) 32,061 7,991 24,070 13,549 4,110 9,439 BEYOND NOVEMBER (OVER 6 MONTHS) 10,294 1,144 9,150 637 144 494 3,052 846 2,206 2.4 1.9 2.6 2.4 2.5 2.4 1982 MAY 27-31 TOTAL MEMORANDUM: JUNE 15 TAX MATURITY 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 $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE AVAILABLE ON REQUEST FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CEBTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS qF MAY 26, 1982 (PERCENTAGE DISTRIBUTION) A M O U N T CD'S MATURING IN TOTAL SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G OUTSIDE 1 NEW YORK CITY J NEW YORK CITY JL X TOTAL I i ! | oqTSIDE J NEK YORK CITY | NEW YORK CITY J I 1982 MAY 27-31 4.5 4.1 4.6 JUNE 43.7 51.2 41.0 52.5 51.2 53.0 JULY 19.5 17.9 20.1 19.8 19.2 20.1 AUGUST 10.7 11.2 10.5 SEPTEMBER-NOVEMBER (4-6 MONTHS) 13.8 12.2 14.4 DECEMBER-MAY (7-12 MONTHS) 3.5 1.5 4.1 27.7 2/ 29.6 2/ 26.9 2/ OVER 12 MONTHS 4.4 1.8 5.3 100.0 100.0 100.0 100.0 24.5 23,4 24.9 26.4 28.6 25.6 BEYOND NOVEMBER (OVER 6 MONTHS) 7.9 3.4 9.5 1.2 1.0 1.3 JUNE 15 TAX MATURITY 2.2 2.5 2.3 TOTAL 100.0 100.0 MEMORANDUM: AUGUST-NOVEMBER (3-6 MONTHS) 1/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 Ofl MORE ISSUED BY BANKS WIT# DOMESTIC ASSETS OF $ 1 MILLION OR IfORB AS OF PECEMBBR 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH* t | 1 TABLE 3 MATURITY DISTRIBUTION Of OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT • ' ' * ' t AT LARGE COMMERCIAL'BANKS 1/ AS OF MAY 26, 1982 (AMOUNTS IN MILLIONS OF DOLLARS) I \ CD'S MATUBING IN A M 0 U N T | I I 1 1 TOTAL I I I I i i 0 U T S T A N D I N G BANK SIZE 1 $1-5 BILLION 1 1 1 (ASSETS) $5 BILLION AND OVER 1 \ 1 1 1 1 1 i SALES SINCE PREVIOUS PERIOD TOTAL 1 I i J 1 1 BANK SIZE I $1-5 BILLION | I I (ASSETS) $5 BILLION AND OVER 5,838 2,760 3,078 JUNE 57,170 23,298 33,873 26,925 12,739 14,186 JULY 25,559 10,153 15,406 10,164 5,449 4,716 AUGUST 14,007 4,158 9,849 SEPTEMBER-NOVEMBER (4-6 MONTHS) 18,054 4,972 13,082 DECEMBER-MAY (7-12 MONTHS) 4,530 1,515 3,015 14,187 2/ 3,801 2/ OVER 12 MONTHS 5,764 1.168 4,596 130,92? 48,024 82,898 51,276 21,989 29,287 AUGUST-NOVEMBER (3-6 MONTHS) 32,061 9,130 22,931 13,549 3,673 9,876 BEYOND NOVEMBER (OVER 6 MONTHS) 10,294 2,4*4 7,611 637 128 510 3,052 1,077 1,975 2.4 2.0 2.7 2.4 2.0 2.7 1982 HAY 27-31 TOTAL 10,386 2/ MEMORANDUM: JUNE 15 TAX MATURITY AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OE $100,000 OR MORE ISSUED BT BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARB AVAILABLE ON REQUEST FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. 1 I I I ,1 t 1 1 \ TABLE 4 MATURITY DISTRIBUTION Of OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF MAX 26, 1982 (PERCENTAGE DISTRIBUTION) A M O U N T BANK SIZE I CD'S MATURING IN TOTAL 1 SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G I | I „--L (ASSETS) I $5 BILLION $1-5 BILLION 1 AND OVER I I , •" •• v 1 "BANK SIZE I I $1-5 BILLION | I TOTAL (ASSETS) $5 BILLION AND OVER - , i 4.5 5.8 3.7 JUNE 43.7 48.5 40.9 52.5 57.9 49.4 JULY 19.5 21. 1 18.6 19.8 24.8 16.1 AUGUST 10.7 8.7 11.9 SEPTEMBER-NOVEMBER (4-6 MONTHS) 13.8 10.4 15.8 DECEMBEB-MAY (7-12 MONTHS) 3.5 3.2 3.6 27.7 2/ 17.3 2/ 35.5 2/ OVER 12 MONTHS 4.4 2.4 5.5 100.0 10Q.0 100.0 100.0 100.0 100.0 24.5 19.0 27.7 26.4 16.7 33.7 BEYOND NOVEMBER (OVER 6 MONTHS) 7.9 5.6 9.2 1.2 .6 1.7 JUNE 15 TAX MATURITY 2.3 2.2 2.4 1982 MAY 27-31 TOTAL MEMORANDUM: AUGUST-NOVEMBER (3-6 MONTHS) 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 lOJf DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF MAY 26, 1982 ALL DISTRICTS BOSTON I I | SAN \ ST. I MINNE-1 KANSAS! LOUIS 1 APOLISj CITY | DALLAS! FRAN- I 1 CISCO I J 1 5,838 375 1,736 108 450 167 140 595 61 56 171 691 1,286 JUNE 57,170 2,906 19,879 1,322 3,387 1,791 1,130 7,280 523 620 1,475 5,204 11,653 JULY 25,559 1,507 6,948 528 1,251 750 361 4,186 272 435 550 2,995 5,776 AUGUST 14,007 604 4,147 179 521 377 242 2,303 108 181 222 901 4,220 SEPTEMBER-NOVEMBER (4-6 MONTHS) 18,054 374 4,678 187 799 477 257 2,835 167 516 296 1,049 6,418 DECEMBER-MAY (7-12 MONTHS) 4,530 32 603 73 189 100 95 660 47 176 175 166 2,215 OVER 12 MONTHS 5,764 51 676 77 380 45 26 388 37 246 32 290 3,516 130,922 5,849 38,668 2,474 6,978 3,707 2,253 18,247 1,214 2,230 2,921 11,298 35,083 AUGUST-NOVEMBER (3-6 MONTHS) 32,061 978 8,825 366 1,320 854 500 5,137 274 698 518 1,950 10,638 BEYOND NOVEMBER (OVEH 6 MONTHS) 10,294 83 1,279 150 570 145 121 1,048 84 422 207 457 5,730 3,052 148 944 66 154 94 47 429 18 62 25 258 808 AVERAGE MATURITY (IN MONTHS) 2/ 2.4 1.5 1.9 1.9 2.3 1.9 2.0 2.3 2.3 3.9 to o CD'S MATURING IN (AMOUNTS IN MILLIONS OF DOLLARS) I I I I I NEW ] PHILA-I CLEVE-t RICHATLANTA CHICAGO LAND | MOND YORK |DELPHIAJ I I I I J L 1.9 3. 5 NUMBER OF BANKS 126 9 19 7 11 13 9 15 5 3 5 8 22 MAY 27*31 TOTAL RANDOM: JUNE 15 TAX MATURITY 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. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL' OUTSTANDINGS COLUMN IN TABLE 1. TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ . BY FEDERAL RESERVE DISTRICT AS OF MAY 26, 1982 fPERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS I I NEW 1 PHILA-| CLEVB-1 RICH- I I I SI. I MINNE-| KANSlSj I SAN YORK |DBLPHIAl LAND | MONO |ATLANTA|CHICAGOI LOOIS | APOLISl CITY | DALLAS| FEANj I I I I I I I I I "SCO ; BOSTON i i i i i I I , _L 6.1 3.7 4.5 6.4 4.5 4.4 6.5 4.5 6.2 3.3 5.0 2.5 5.9 JUNE 43.7 49.7 51.4 53.4 48.5 48.3 50.2 39.9 43.1 27.8 50.5 46. 1 33.2 JULY 19.5 25.8 18.0 21.3 17.9 20.2 16.0 22.9 22.4 19.5 18.8 26.5 16.5 AUGUST 10.7 10.3 10.7 7.2 7.5 10.2 10.8 12.6 8.9 8.1 7.6 8.0 12.0 SEPTEMBER-NOVEMBER (4-6 MONTHS) 13.8 6.4 12.1 7.6 11.5 12.9 11.4 15.5 13.8 23.2 10.1 9.3 18.3 DECEMBER-MAY (7-12 MONTHS) 3.5 .6 1.6 2.9 2.7 2.7 4.2 3.6 3.9 7.9 6.0 1.5 OVER 12 MONTHS 4.4 .9 1.8 3.1 5.5 1.2 1.1 2.1 3.0 11.0 1.1 2.6 10.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 24.5 16.7 22.8 14.8 18.9 23.0 22.2 28.2 22.6 31.3 17.7 17.3 30.3 BEYOND NOVEMBER (OVER 6 MONTHS) 7.9 1.4 3.3 6.1 8.2 3.9 5.4 5.7 6.9 18.9 7.1 4.0 16. 3 JUNE 15 TAX MATURITY 2.3 2.5 2.4 2.7 2.2 2.5 2.1 2.4 1.5 2.8 .9 2.3 2.3 1982 HAY 27-31 TOTAL 6. 3 MEMORANDUM: AUGUST-NOVEMBER (3-6 MONTHS) 1/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OB MORE ISSUED BY BANKS H U H DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF MAI 26, 1982 CD'S MATURING IN I I | 1 I ALL DISTRICTS , I 1 I | BOSTON I L (AMOUNTS IN MILLIONS OF DOLLARS) I I I i I • I I I I I I I I t I I I J ST. | MINNE-I KANSAS! I SAN \ NEW 1 PHILA-I CLEVE-J RICHATLANTA|CHICAGO| LOUIS I APOLIS| CITY | DALLAS| FRAN- ( YORK |DELPHIAI LAND | MOND I I I I I CISCO | I I 1 JA JL J_L I L1 JO HE 26,925 1,609 8,814 544 1,686 912 652 3,074 305 127 869 2,994 5,341 JULY 10,164 1,052 3,210 296 498 357 184 913 208 46 356 1,7*1 1, 304 AUGUST OB LATER 14,187 631 4,635 165 761 334 242 2,072 0 204 230 795 4,118 51,276 3,291 16,658 1,005 2,945 1,602 1,079 6,060 513 377 1,454 5,529 10,762 13,549 627 4,483 170 745 306 227 1,984 142 216 194 773 3,683 637 4 152 -5 17 27 15 88 -141 -12 35 21 435 2-4 2.1 2.4 2.0 2.2 2.2 2.2 2.6 .0 3.0 2.0 1.9 2.8 TOTAL MEMORANDUM: AUGUST-NOVEMBER (3-6 MONTHS) BEYOND NOVEMBER (OVER 6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR HOSE ISSUED BY BANKS KITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. DETAILS MAY NOT ADD TO TOTALS DUE TO BOUNDING. NEGATIVE VALUES, FOR SOME DISTRICTS, SOMETIMES RESULT FROM THE PROCEDURE THAT ESTIMATES SALES FOR THE 7TH MONTH OF THE TOTAL OF 7-12 MONTH MATURITIES OF THE PREVIOUS SURVEY. THESE ESTIMATES ARE BASED ON A RATIO OF THE 7TH MONTH TO THE TOTAL OF 7-12 MONTHS FOR ALL REPORTERS RATHER THAN FOR THE INDIVIDUAL DISTRICTS. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL' SALES COLUMN %N TABLE 1. TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES Of DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF SAY 26, 1982 CD'S MATURING IN ALL DISTRICTS BOSTON (PERCENTAGE DISTRIBUTION) I I I I I I I I I I I I I I I I I I ST. | MINNB-I KANSASI I SAN | NEW | PHILA-I CLEVE-I RICH- | CITY | DALLAS! FRANYORK |DELPHIA| LAND | MONO |ATLANTA CHICAGO| LOUIS | APOLISI | | I I I CISCO 1 I J I JL I . ;_J JL L L 1 J X 00 as m 54.1 49.6 24.5 31.5 12.1 54.1 15.8 14.4 38.3 100.0 100.0 100.0 100.0 32.7 57.2 13.4 14.0 34.2 1.5 -3.2 2.4 .4 4.0 JUNE 52.5 48.9 52.9 54.1 57.2 56.9 60.5 50.7 59.4 33.7 JULY 19.8 32.0 19.3 29.5 16.9 22.3 17.1 15.1 40.5 12.3 AUGUST OB LATER 27.7 19.2 27.8 16.4 25.9 20.8 22.4 34.2 .1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 26.4 19.1 26.9 16.9 25.3 19.1 21.1 1.2 .1 .9 -.5 .6 1.7 1.4 TOTAL MEMORANDUM: AUGUST-NOVEMBER (3-6 MONTHS) BEYOND NOVEMBER (OVER 6 MONTHS) 1/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED PY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
@FedFRASER