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L.4.1(731) HOT FOR PUBLICATION 5 I O I 1 . I SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS AS OF SEPTEMBER 24, 1986 BANKING SECTION DIVISION OF RESEARCH ANV STATISTICS ABOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM BB C ; " 1 4%: ^ -5 : MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERICAL BANKS AS OF SEPTEMBER 24, 1986 OUTSTANDING CD'S MATURING IN 1986 SEPTEMBER AMOUNT (IN MILLIONS) 25-30 PERCENTAGE AMOUNT (IN MILLIONS) PERCENTAGE 4,036.2 8.6 11,198.0 23.8 6,553.5 57.7 NOVEMBER 3,750.1 8.0 948.3 8.4 DECEMBER 3,729.1 7.9 1,637.4 14.4 JANUARY 2,507.1 5.3 646.5 5.7 FEBRUARY 1,106.9 2.4 82.5 0.7 MARCH 1,108.0 2.4 . APRIL-SEPTEMBER (7-12 MONTHS) 6,009.4 12.8 1,483.2 13.1 13,692.1 29.1 47,136.9 100. 0 11,351.4 1*0.0 OCTOBER 1987 GROSS SALES (ESTIMATED) OVER 12 MONTHS TOTAL AVERAGE MATURITIES (IN MONTHS) 5.8 NUMBER OF BANKS REPORTING 58 NOTE: DOSesti! S 8 B * B S 3 £ g . l E . S ? e f 5 Z n 8 f S T 5 S£RE e !S 5 5? J E C K S S » ' H i a 1 f """^ ^ 0 1 1 8101 S S '00<i S "°RE H S I S S U E B S " E M N < $ « r " T H TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF SEPTEMBER 24, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) SALES (ESTIMATED) OUTSTANDINGS CD 1 MATURING IN 1986 TOTAL 1 TOTAL NEW YORK CITY OUTSIDE HEW YORK CITY 4,036. 2 819.8 3,216.4 11,198. 0 2,523.6 8,674.4 6,553.5 1,493.0 5,060.5 NOVEMBER 3,750. 1 898.8 2,851.3 948.3 180.6 767.6 DECEMBER 3,729. 1 973.3 2,755.8 1,637.4 414.8 1,222.6 JANUARY 2,507. 1 819.5 1,687.7 646.5 363.3 283.2 FEBRUARY 1,106. 9 206.0 900.9 82.5 2.4 80.1 MARCH 1,108. 0 261.8 846.2 APRIL-SEPTEMBER (7-12 MONTHS) 6,009. 4 1,605.4 4,404.0 1,483.2 687.7 795.5 OVER 12 MONTHS 13,692. 1 5,121.7 8,570.4 47,136. 9 13,229.9 33,907.0 11,351.4 3,141.8 8,209.6 SEPTEMBER 25-30 OCTOBER 1987 OUTSIDE 1 NEW YORK CITY . NEW YORK CITY TOTAL AVERAGE MATURITIES (IN MONTHS) NUMBER OF BANKS REPORTING NOTE: 38 5.4 6.9 5.8 1 I I j 29 ' INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. TOTAL SALES IS UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED. TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS a J 3 (.' r MI t U*;i AS OF SEPTEMBER 24, 1986 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD' MATURING IN 1986 SEPTEMBER TOTAL 25-30 OUTSIDE | 1 NEW YORK CITY | 1 NEW YORK CITY 1 I 1 1 TOTAL • I OUTSIDE NEW YORK CITY J NEW YORK CITY 8.6 6.2 9.5 23.8 19.1 25.6 57.7 47.5 61.6 NOVEMBER 8.0 6.8 8.4 8.4 5.7 9.4 DECEMBER 7.9 7.4 8.1 14.4 13.2 14.9 JANUARY 5.3 6.2 5.0 5.7 11.6 3.4 FEBRUARY 2.4 1.6 2.7 .7 .1 1.0 MARCH 2.4 2.0 2.5 APRIL-SEPTEMBER (7-12 MONTHS) 12.8 12.1 13.0 13.1 21.9 9.7 OVER 12 MONTHS 29.1 38.7 25.3 100.0 100.0 100.0 100.0 100.0 100.0 OCTOBER 1987 SALES (ESTIMATED) TOTAL NOTE: INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. TOTAL SALES IS UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED. i TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF SEPTEMBER 24, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) SALES (ESTIMATED) OUTSTANDINGS CD 'S MATURING IN 1986 TOTAL OTHER TOTAL 1 CD FUTURES |CONTRACT BANKS I 1 1 1 OTHER 4,036 .2 1,464. 2 2,572.0 11,198 .0 3,769. 9 7,428.1 6,553.5 2,277.3 4,276 .2 NOVEMBER 3,750 .1 1,443. 3 2,306.9 948.3 209.3 739 .0 DECEMBER 3,729 .1 1,417. 9 2,311.2 1,637.4 507.8 1,129 .6 JANUARY 2,507 .1 825. 3 1,681.8 646.5 76.8 569 .7 FEBRUARY 1,106 .9 343. 4 763.5 82.5 27.3 55 .2 MARCH 1,108 .0 314. 5 793.6 APRIL-SEPTEMBER (7-12 MONTHS) 6,009 .4 2,427. 0 3,582.4 1,483.2 673.7 809 .5 OVER 12 MONTHS 13,692 .1 6,952. 5 6,739.6 47,136 .9 18,958. 0 28,178.9 11,351.4 3,772.2 7,579 .2 SEPTEMBER 25-30 OCTOBER 1987 CD FUTURES CONTRACT BANKS TOTAL AVERAGE MATURITIES (IN MONTHS) NUMBER OF BANKS REPORTING NOTEI 5.8 6.7 ! 5.3 1 38 9 29 11 INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF *5 BILLION OR MORE AS OF DECEMBER 31, 1982. IIWE CV.t$i.IkICViE2 OK Dfcb02Ii TOTAL SALES IS UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED. "CD FUTURES CONTRACT BANKS" INCLUDE THOSE WHOSE CD"S ARE CONSIDERED AS PART OF THE DELIVERABLE CD SUPPLY FOR PURPOSES OF FUTURE TRADING. TABLE 4 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF SEPTEMBER 24, 1986 (PERCENTAGE DISTRIBUTION) "o 01' . r'.m OUTSTANDINGS SALES (ESTIMATED) 1 CD'S MATURING IN 1986 1987 SEPTEMBER TOTAL 25-30 CD FUTURES CONTRACT BANKS OTHER CD FUTURES CONTRACT BANKS TOTAL OTHER 8.6 7.7 9.1 OCTOBER 23.8 19.9 26.4 57.7 60.4 56.4 NOVEMBER 8.0 7.6 8.2 8.4 5.5 9.8 DECEMBER 7.9 7.5 8.2 14.4 13.5 14.9 JANUARY 5.3 4.4 6.0 5.7 2.0 7.5 FEBRUARY 2.4 1.8 2.7 .7 .7 .7 MARCH 2.4 1.7 2.8 APRIL-SEPTEMBER (7-12 MONTHS) 12.8 12.8 12.7 13.1 17.9 10.7 OVER 12 MONTHS 29.1 36.7 23.9 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL N0TE ' MSestII m H T I a S F e « e S I f r J s a T i i M O R E e « S s S M ™ i " " i ° 9 I Z ;°T?!iEs§kLEiN£lRuSS^ST5TFETDiiE I5kIlN? F sS£;iY B i;^ E !SNSKlS EY sS?F™ T F0Pp5gE!51l| T 0F A F0?URl' , TRAS!Nj H 0 S E HH °SE °D"S " E o f DATES TH6T C0 m H "SIDERE0 " A ™ m m R C E T T » issued C ,y "kics mi,h »«rs ° F THE DELIVERABLE CD TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF SEPTEMBER 24, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS CD'S MATURING IN BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO . 1986 4,036 220 820 24 451 201 23 834 0 0 0 512 953 11,198 595 2,524 98 648 774 84 2,288 0 0 0 1,462 2,725 NOVEMBER 3,750 112 899 55 240 260 37 482 0 0 0 618 1,048 DECEMBER 3,729 48 973 16 384 401 25 582 0 0 0 494 807 JANUARY 2,507 10 819 23 180 251 20 459 0 0 0 199 544 FEBRUARY 1,107 2 206 42 55 224 11 206 0 0 0 132 228 MARCH 1,108 31 262 10 57 193 9 220 0 0 0 136 191 APRIL-SEPTEMBER (7-12 MONTHS) 6,009 9 1,605 77 692 235 105 1,095 0 0 0 658 1,533 OVER 12 MONTHS 13,692 3 5,122 314 3,023 462 106 858 0 0 0 1,267 2,538 47,137 1,029 13,230 658 5,730 3,000 421 7,024 0 0 0 5,478 10,567 6.9 1 8.0 I 1 8.4 4.4 6.4 4.1 4 4 2 5 SEPTEMBER 25-30 OCTOBER 1987 TOTAL AVERAGE MATURITIES (IN MONTHS) 5.8 ! i NUMBER OF BANKS REPORTING 38 NOTE, .0 .0 .0 5.3 | ii ii 1 9 1 INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. 5.1 4 8 TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF SEPTEMBER 24, 1986 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS CD'S MATURING IN 1986 NEW YORK PHILA- I CLEVELAND DELPHIAI RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY .0 26.7 25.8 .0 .0 11.3 99 .0 .0 .0 9.0 7.6 6.5 .0 P .0 3.6 5.2 2.7 29 .0 •1 .0 2.4 2.2 6.4 2.2 3.1 .0 .0 •o 2.5 1.8 12.1 7.8 24.9 15.6 .0 .0 12.0 14.5 52.8 15.4 25.2 12.2 .0 .0 •Q 23.1 24.0 100.0 | 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 6.2 3.6 I 7.9 6.7 54 11.9 .0 .0 .0 23.8 57.8 19.1 14.9 1 11.3 25.8 20.0 32.6 •0 .0 NOVEMBER 8.0 10.9 6.8 8.3 I 4.2 8.7 8.9 6.9 .0 DECEMBER 7.9 4.6 7.4 2.4 | 6.7 13.4 6.0 8.3 JANUARY 5.3 1.0 6.2 3.5 I 3.1 8.4 4.8 FEBRUARY 2.4 .2 1.6 6.4 | 1.0 7.5 MARCH 2.4 3.0 2.0 1.5 I 1.0 APRIL-SEPTEMBER (7-12 MONTHS) 12.8 .9 12.1 11.7 I OVER 12 MONTHS 29.1 .3 38.7 47.7 I 100.0 100.0 100.0 TOTAL NOTE: INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. SAN I FRAN- I CISCO I 9.0 21.4 25-30 DALLAS 9.3 8.6 SEPTEMBER OCTOBER 1987 BOSTON « TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF SEPTEMBER 24, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 6,553 279 1,493 72 350 176 46 1,570 0 0 0 947 1,621 NOVEMBER 948 86 181 30 55 47 5 152 0 0 0 200 194 DECEMBER 1,637 44 415 6 181 265 9 267 0 0 0 143 307 647 6 363 1 86 46 0 38 0 0 0 24 83 83 1 2 0 16 16 0 29 0 0 0 8 10 1,483 5 688 1 218 183 6 238 0 0 0 22 169 11,351 422 3,142 110 906 731 66 2,294 0 0 0 1,343 2,383 OCTOBER 1987 ALL DISTRICTS JANUARY FEBRUARY AFTER FEBRUARY TOTAL NOTE, INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. TOTAL SALES IS UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED. TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS ftHWtli AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF SEPTEMBER 24, 1986 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS BOSTON 57.7 66.1 47.5 65.3 38.6 24.0 69.3 68.5 .0 .0 .0 70.5 68.0 NOVEMBER 8.4 20.3 5.7 27.0 6.1 6.4 7.4 6.6 .0 .0 .0 14.9 8.1 DECEMBER 14.4 10.5 13.2 5.7 20.0 36.2 14.3 11.6 .0 .0 .0 10.6 12.9 5.7 1.5 11.6 .9 9.4 6.3 .2 1.7 .0 .0 .0 1.8 3.5 .7 .3 .1 .1 1.8 2.2 .0 1.3 .0 .0 .0 .6 13.1 1.3 21.9 1.0 ,24.1 25.0 8.8 10.4 .0 .0 .0 1.6 7.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 CD'S MATURING IN OCTOBER 1987 JANUARY FEBRUARY AFTER FEBRUARY TOTAL NOTE: NEW YORK I 1 PHILAI DELPHIA 1 CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF *100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. TOTAL SALES IS UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED. DALLAS SAN FRANCISCO .4