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L.4.1(731)
NOT FOR PUBLICATION
September 19, 1983
•
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z
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/
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF DEPOSITS
AT LARGE COMMERCIAL BANKS
as of
August 31, 1983
A
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
<
0
TABLE
1
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OP NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF AUGUST 31, 1983
(AMOUNTS IN MILLIONS OF DOLLARS)
I
|
CD'S MATURING IN
i
|
i
_i
1983
A M O U N T
O U T S T A N D I N G
1
TOTAL
i
1
I
OUTSIDE
| NEW YORK CITY | NEW YORK CITY
JL
1
i
|
|
I
SALES SINCE PREVIOUS PERIOD
I
TOTAL
1
I
I
| NEW YORK CITY
J
I
1
I
OUTSIDE
| NEW YORK CITY
J
SEPTEMBER
33,990
7,268
26,722
16,760
2,540
14,220
OCTOBER
18,610
5,557
13,053
9,7 18
2.740
6,977
NOVEMBER
10,108
3,500
6,608
DECEMBER-FEBRUARY
(4-6 MONTHS)
13,222
4,726
8,496
3,499
418
3,080
12,493 2/
3,938 2/
8,555 2/
10,949
999
9,950
90,377
22,468
67,910
38,971
9,218
29,753
NOVEMBER-FEBRUARY
{3-6 MONTHS)
23,330
8,226
15.104
11,230
3,886
7,344
BEYOND FEBRUARY
(OVER 6 MONTHS)
14,447
1,417
13,030
1,263
52
1,211
2,028
531
1,498
2.6
3. 1
1984 MARCH-AUGUST
(7-12 MONTHS)
OVER
12 MONTHS
TOTAL
MEMORANDUM:
SEPTEMBER
TAX MATURITY
AVERAGE MATURITY
(IN MONTHS)
3/
1/
2/
3/
3.3
2.6
3.5
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.
2. 5
I
|
|
1
TABLE 2
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF AUGUST 31, 1983
(PERCENTAGE pjSTRIBUTION)
A M O U N T
CD'S MATURING IN
TOTAL
1983
SALES SINCE PREVIOUS PERIOD
O U T S T A N D I N G
!
I
I
I
I
|
OUTSIDE
| NEW YORK CITY # NEW YORK CITY
I
,
TOTAL
I
1
| NEW YORK CITY
|
OUTSIDE
| NEW YORK CITY
J
I
SEPTEMBER
37.6
32.4
39.4
43.0
27.6
47.8
OCTOBER
20.6
24.7
19.2
24.9
29.7
23.5
NOVEMBER
11.2
15.6
9.7
14.6
21.0
12.5
3.9
1.9
4.5
32.1 2/
42.7 2/
28.8 2/
12. 1
4.5
14.7
100.0
100.0
100.0
100.0
NOV EMBER-FEBRUARY
(3-6 MONTHS)
25.8
36.6
22.2
28.8
BEYOND FEBRUARY
(OVER 6 MONTHS)
16.0
6.3
19.2
3.2
2.2
2.4
DECEMBER-FEBRUARY
(4-6 MONTHS)
1984 MARCH-AUGUST
(7-12 MONTHS)
OVER
12 MONTHS
TOTAL
100.0
100.0
42.2
24.7
MEMORANDUM:
SEPTEMBER
IM-MTUBITI
1/
2/
.6
2.2
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.
1
4. 1
I
|
|
L
TABLE 3
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OP NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF AUGUST 31, 1983
(AMOUNTS IN MILLIONS OF DOLLARS)
A M O U N T
BANK SIZE
CD'S MATURING IN
TOTAL
1983
J
I
I
J
SALES SINCE PREVIOUS PERIOD
O U T S T A N D I N G
(ASSETS)
I
$ 1-5 BILLION |
1
L
$5 BILLION
AND OVER
BANK SIZE
J.
I
|
|
TOTAL
$1-5 BILLION
L
(ASSETS)
I
|
I
$5 BILLION
AND OVER
SEPTEMBER
33,990
18,356
15,634
16,760
10,367
6,393
OCTOBER
18,610
8,820
9,790
9,718
4,893
4,824
NOVEMBER
10,108
4,394
5,714
13,222
4,794
8,427
3,499
1,221
2,278
5,564 2/
6,929 2/
10,949
3,472
7,477
90,377
41,056
49,321
38,971
20,825
18,146
NOVEMBER-FEBRUARY
(3-6 MONTHS)
23,330
9,188
14,142
11,230
4,973
6,258
BEYOND FEBRUARY
(OVER 6 MONTHS)
14,447
4,692
9,755
1,263
591
672
2,028
954
1,075
3.3
2.7
3.8
2.6
2.4
3.0
DECEMBER-FEBRUARY
(4-6 MONTHS)
1984 MARCH—AUGUST
(7-12 MONTHS)
OVER
12 MONTHS
TOTAL
12,493 2/
MEMORANDUM:
SEPTEMBER
TAX MATURITY
AVERAGE MATURITY
(IN MONTHS)
3/
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/
SALES WITH MATURITIES BEYOND SECOND MONTH.
3/ 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.
|
|
TABLE 4
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF AUGUST 31, 1983
(PERCENTAGE DISTRIBUTION)
A M O U N T
J
BANK SIZE
CD'S MATURING IN
TOTAL
1983
SALES SINCE PREVIOUS PERIOD
O U T S T A N D I N G
I
(ASSETS)
I
$1-5 BILLION |
I
$5 BILLION
AND OVER
TOTAL
1
|
J
1
BANK SIZE
(ASSETS)
I
$1-5 BILLION |
1
I
$5 BILLION
AND OVER
SEPTEMBER
37.6
44.7
31.7
43.0
49.8
35.2
OCTOBER
20.6
21.5
19.9
24.9
23.5
26.6
NOVEMBER
11.2
10.7
11.6
14.6
11.7
17. 1
3.9
3.0
4.6
32.1 2/
26.7 2/
38. 2 2/
12. 1
8.5
15.2
100.0
100.0
100.0
100.0
100.0
100.0
25.8
22.4
28.7
28.8
23.9
34.5
16.0
11.4
19.8
3.2
2.2
2.3
2.2
DECEMBER—FEEROART
(4-6 MONTHS)
1984 MARCH-AUGUST
(7-12 MONTHS)
OVER
12 MONTHS
TOTAL
MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 MONTHS)
BEYOND FEBRUARY
(OVER 6 MONTHS)
SEPTEMBER
TAX MATURITY
1/
2/
2.8
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.
3. 7
TABLE 5
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COHfl ERCIAL BANKS 1/
BY FEDERAL RESERVE DISTRICT
AS OF AUGUST 31, 1983
CD'S MATURING IN
1983
ALL
DISTRICTS
(AMOUNTS IN MILLIONS OF DOLLARS)
I
I
i
1
I
| BOSTON
I
J.
I
I
| PHILA-1 CLEVE-# RICHNEW
YORK IDELPHIAI
LAND | MOND
1
i_
I
i__
ATLANTA CHICAGO
1
1
I
I
I
I
I
I
I
I
1_
I
I
L
ST.
1 NINNE-I KANSAS|
| SAN
LOUIS | APOLIS| CITY | DALLAS| FRAN1
I
I CISCO
|
SEPTEMBER
33,990
2,238
8,947
973
1,918
1,303
720
5,717
375
733
1,278
5,320
4,468
OCTOBER
18,610
1,081
6, 169
642
861
519
362
3,110
167
370
392
3,064
1,873
NOVEMBER
10,108
323
4,027
157
613
357
143
1,392
79
348
271
1,356
1,042
DECEMBER-FEBRUARY
(4-6 MONTHS)
13,222
423
5,331
161
524
393
113
1,707
159
210
292
1,394
2,515
3,499
101
491
56
200
105
41
415
23
55
66
286
1,662
10,949
211
1,172
96
814
272
150
568
106
541
134
995
5,889
90,377
4,376
26,136
2,085
4,930
2,949
1,529
12,911
909
2,257
2,432
12,414
17,449
NOVEMBER-FEBRUARY
(3-6 MONTHS)
23,330
745
9,358
318
1,137
750
256
3, 100
238
558
563
2,749
3,557
BEYOND FEBRUARY
(OVER 6 MONTHS)
14,447
312
1,662
152
1,014
377
191
983
129
595
200
1,281
7,551
2,028
111
610
32
69
68
34
403
8
45
99
277
273
AVERAGE MATURITY
(IN MONTHS)
2/
3.3
2.1
2.6
2.0
3.7
2.9
2.6
2.3
3.2
4.4
2. 3
2.6
6. 2
NUMBER OF BANKS
125
9
19
7
10
13
10
15
4
3
5
8
22
1984 MARCH-AUGUST
(7-12 MONTHS)
OVER
12 MONTHS
TOTAL
MEMORANDUM:
SEPTEMBER
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 OB MORE AS OF DECEMBER 31 # 1977.
WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR •TOTAL* OUTSTANDINGS COLUMN IN TABLE 1.
TABLE 6
MATURITI DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS 1/
BY FEDERAL RESERVE DISTRICT
AS OF AUGUST 31, 1983
(PERCENTAGE DISTRIBUTION)
ALL
DISTRICTS
1983
I
1
I
I
.1
I
L
|,ssi;j
J BOSTON|
I
I
I
I
c
L » r i mSr,»«.«»».! CICGOJ »
A.
.L
JL
i
»"£! ™ " ;
-L
_L.
s
j £ « » -
_L
51.2
34.2
46.7
38.9
44.2
47.1
44.3
41.2
32.5
42.9
25.6
37.6
52.5
SEPTEMBER
24.7
23.6
30.8
17.5
17.6
23.7
24.1
18.4
16. 1
24.7
10.7
20.6
16.4
OCTOBER
7.4
15.4
7.5
12.4
12. 1
9.3
10.8
8.7
11.1
10.9
6.0
11.2
15.4
.NOVEMBER
9.7
20.4
7.7
10.6
13.3
7.4
13.2
17.5
9.3
11. 2
14. 4
14.6
12.0
DECEMBER-FEBRUART
(4-6 MOUTHS)
2.3
1.9
2.7
4. 1
3.6
2.7
3.2
2.5
2.4
2.7
2.3
9.5
3.9
4.8
4.5
4.6
16.5
9.2
9.8
4.4
11.7
24.0
5.5
8.0
33.8
12.1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
17.0
35.8
15.3
23. 1
25.4
16.7
24.0
24.7
23.2
22. 2
20.4
NOVEMBER-FEBRUARY
(3-6 MONTHS)
25.8
to
CD'S MATURING IN
I
I
I
7. 1
6.4
7.3
20.6
12.8
12.5
7.6
14.2
8.2
10.3
43. 3
16.0
26.4
BEYOND FEBRUARY
(OVER 6 MONTHS)
2.2
2.5
2.3
1.6
1.4
2.3
2.3
3.1
.9
2.0
4. 1
1984 MARCH-AUGUST
(7-12 MONTHS)
OVER
12 MONTHS
TOTAL
SEPTEMBER
TAX MATURITY
v
a
s
-
-
s
M
s
a
'
a
r
i
s
.
:
'
,,00
- 0 0 ° " "°"E
to
MEMORANDUM:
I S S 0 E
°"
"IT"
2. 2
100. 0
1. 6
TABLE 7
AS OF AUGUST 31, 1993
(AMOUNTS IN MILLIONS 0 ? DOLLARS)..
'
ALL
DISTRICTS
CD'S M A T U R I N G IN
BOSTON 1
NEW
YORK
OCTOBER
NOVEMBER 0 9 LATER
TOTAL
I
!
!
J
1
1
1
| PHILA-| CLBVB-I RICH- |
|DELPHIA|
LAND | MONO
|ATLANTA CHICAGO
I
SEPTEMBER
!
ST.
LOniS
!
!
'
1
| HINRB-I KANSAS!
I SAN
| APOLIS|
CITY | DALLAS| F R A N |
|
l
I CISCO
BEYOND FEBRUARY
(OVER 6 MONTHS)
2/
v
J
.
™
3,342
451
1,036
684
429
2,668
194
318
793
3,091
2,302
739
3,017
508
352
227
245
1,859
1 10
149
219
1,651
641
9,718
419
4,564
208
822
485
143
1,636
98
334
326
1,902
1,557
12,493
2,610
10,923
1,168
2,211
1,397
816
6, 163
402
801
1,338
6,644
4,500
38,971
386
4,499
211
709
391
135
1,526
105
311
284
1,725
948
11,230
33
65
-3
113
94
8
109
—6
23
41
177
610
1,263
2.0
2.9
2.1
2.8
2.8
2.4
2. 1
2.9
2.3
2.5
3. 2
"
0
0
°
-
M
2.0
°" "°"E , S S ° B D "
2/
3/
::3ir:R%:,;:: s " S
1
1,452
2.6
A V E R A G E MATURITY
(IN MONTHS)
3/
I
16,760
MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 MONTHS)
I
1
d
K M
^K
s
SS»»
.to«i..s»»s column »
TABLE I.
TABLE 8
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT
AS OF AUGUST 31, 1983
(PERCENTAGE DISTRIBUTION!.
CD'S MATURING III
ALL
DISTHICTS
I
I
I BOSTON
I
L
I
I
I
I
I
I
I
I
I
I
I
I
J
1
I
I
I
I
I
I
I
NEW i PHILA—| CLEVE-j RICH- I
I
I ST. | MINNE-I KANSAS!
I SAN
TORK |DELPHIA! LAND | MONO |ATLANTA!CHICAGO! LOUIS | APOLIS| CITY | DALLAS| FRAN-
|
J
|
|
|
I
I
I
|
I
I
I
1
1
I
I cisco
J
L
SEPTEMEEB
43.0
55.6
30.6
38.7
46.9
49.0
52.5
43.3
48.3
39.7
59.3
46.5
51.2
OCTOBEB
24.9
28.3
27.6
43.5
15.9
16.3
30.0
30.2
27.3
18.6
16.4
24.9
14.2
NOVEMBEB OB LATEB
32.1
16.1
41.8
17.8
37.2
34.7
17.5
26.5
24.4
41.7
24.3
28.6
34.6
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
28.8
14.8
41.2
18.0
32. 1
28.0
16.5
24.8
26.0
38.8
21.3
26.0
21. 1
3.2
1.3
.6
-.2
5. 1
6.7
1.0
1.8
— 1.6
2.9
2.7
13. 6
TOTAL
MEMOBANDUM:
NOVEMBEB-FEBBOABY
(3-6 MONTHS)
BEYOND FEBBUABY
(OVER 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.
DETAILS MAY NOT ADD TO TCTALS DOB TO BOUNDING.
3. 1
@FedFRASER