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L.4.1(731)
NOT FOR PUBLICATION

14, 1981
4

I
I

y
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of
APRIL 29, 1981

i
'




Banking Section
D i v i s i o n of Research and S t a t i s t i c s
Board of Governors of the Federal Rserve System

•4

TABLE 1
HATURITT DISTRIBUTION OF OUTSTANDING AND SALES OP NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF APRIL 2 9 ,

I

I

1981

1981

J&30UETS_l5_aitiJ2SS_9Z-B2iMS51
O U T S T A N D I N G

A M O U N T

C D ' S MATURING IN

I

1/

TOTAL

I

I

.1

L

I
|
| NEW TORK C I T T |

I

|

SALES SINCE PREVIOUS PERIOD

I

OUTSIDE
1
NEW TORK C I T T |

I

TOTAL

I
|

1

I

I

I

1

I

I
OUTSIDE
1
NEW YORK C I T T | NEW TORK CITY |

2,445

545

1,900

MAT

36,711

10,179

26,533

18,094

4,497

13,597

JUNE

23,794

7,429

16,365

9,279

2,745

6,534

JOLT

15,216

4,138

11,078

AUGUST-OCTOBER
( 4 - 6 MONTHS)

21,234

4,673

16,561

NOVEMBER-APRIL
( 7 - 1 2 MONTHS)

3,912

727

3,185

OVER 12 MONTHS

5,189

618

4,571

108,501

28,308

80,194

44,211

11,263

32,948

36,450

8,811

27,639

15,701

3,846

11,856

BETOND OCTOBER
(OVER 6 MONTHS)

9,101

1,345

7,757

1,136

175

961

JUNE 15
TAX HATURITT

3,858

1,231

2,627

2.7

2.2

2.8

2.8

2.8

2-6

APRIL 30

TOTAL

16,838 2 /

4,021

2/

12,816 2 /

MEMORANDUM:
JULT-OCTOBER
( 3 - 6 MONTHS)

AVERAGE HATURITT
( I N MONTHS)
3/

1/
2/
3/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $ 1 B I L L I O N OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 SALES WITH MATURITIES BETOND SECOND MONTH.
FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARB AVAILABLE ON REQUEST FROM THE BANKING S E C T I O N ,
D I V I S I O N OF RESEARCH AND S T A T I S T I C S , BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.




TABLE 2
MATURITY DISTRIBUTION OP OUTSTANDING AND SALES OP NEGOTIABLE TINE C E R T I F I C A T E S OP DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF APRIL 2 9 ,

AMOUNT

1 9 8 1 APRIL 3 0

1981

(PERCENTAGE DISTRIBUTION)

;

C D ' S MATURING IN

1/

1
I
I

T
TOTAL

|
|

O U T S T A N D I N G

1

|
NEW YORK CITY |

1—

i
i

SALES SINCE PREVIOUS PERIOD

J..

OUTSIDE
|
NEW YORK CITY |

1

TOTAL

1

I

I

J

L_

I
|
| NEW YORK CITY |

I

OUTSIDE
|
NEW YORK CITY |

L

2.3

1.9

2.4

MAY

33.8

36.0

33.1

40.9

39.9

41.3

JUNE

21.9

26.2

20.4

21.0

24.4

19.8

JULY

14.0

14.6

13.8

AUGUST-OCTOBER
( 4 - 6 MONTHS)

19.6

16.5

20.7

NOVEMBER-APRIL
( 7 - 1 2 MONTHS)

3.6

2.6

4.0

38.1 2 /

35.7 2 /

38.9 2 /

OVER 12 MONTHS

4.8

2.2

5.7

100.0

100.0

100.0

100.0

100.0

100.0

33.6

31.1

34.5

35.5

34.2

36.0

BEYOND OCTOBER
(OVER 6 MONTHS)

8.4

4.8

9.7

2.6

1.6

2.9

JUNE 1 5

3.6

4.4

3.3

TOTAL
MEMORANDUM:
JULY-OCTOBER
( 3 - 6 MONTHS)

1/
If

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0
DOMESTIC ASSETS OF $ 1 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 .
SALES WITH MATURITIES BEYOND SECOND MONTH.




OR MORE ISSUED BY BANKS WITH

TABLE 3
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE T I R E CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF APRIL 2 9 ,

—
CD'S

MATURING IN

-j
1

i

A M O U N T
V~
TOTAL

J
1 9 8 1 APRIL 30

1981

JAMOUNTS_IN MILLIONS_OF DOLLARS}

f
|
|

1/

i

O U T S T A N D I N G

|
|

BANK'siiB"~I5sETS)"

|

T

i

|
|

$ 1 - 5 BILLION |
|

l

l

~

$ 5 BILLION
AND OVER

|
|

I

SALES SINCE PREVIOUS PERIOD
1
TOTAL

i

l

1

BlirsIZB"lisSBTSf

i

|
I

$ 1 - 5 BILLION |
1

J

1

|"

i

$ 5 BILLION
AND OVER

K

2,445

1,120

1,325

MAY

36,711

15,416

21,295

18,094

8,794

9,299

JUNE

23,794

9,014

14,780

9,279

4,306

4,974

JULY

15,216

4,567

10,649

AUGUST-OCTOBER
( 4 - 6 MONTHS)

21,234

6,358

14,876

NOVEMBER-APRIL
( 7 - 1 2 MONTHS)

3,912

1,440

2,473

OVER 12 MONTHS

5,189

994

4,196

108,501

38,909

69,592

44,211

18,413

25,798

36,450

10,925

25,525

15,701

4,828

10,873

BEYOND OCTOBER
(OVER 6 MONTHS)

9,101

2,433

6,668

1,136

485

651

JUNE 15
TAX MATURITY

3,858

1,791

2,066

2.7

2.3

2.9

2-8

2.5

3.1

TOTAL

16,838 2 /

5,313

2/

11,524 2 /

MEMORANDUM:
JULY-OCTOBER
( 3 - 6 MONTHS)

AVERAGE MATURITY
( I N MONTHS)
3/

1/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $ 1 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 .
2/
SALES WITH MATURITIES BEYOND SECOND MONTH.
3/
FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARB AVAILABLE ON REQUEST FROM THE BANKING SECTION,

D I V I S I O N OF RESEARCH AND S T A T I S T I C S , BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

|
1

TABLE 4
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF D E P O S I T
AT LARGE COMMERCIAL BANKS
AS OF APRIL 2 9 ,

1/

1981

(PERCENTAGE D I S T R I B U T I O N !
A M O U N T
C D ' S MATURING IN
TOTAL

O U T S T A N D I N G

I
1.
1
|

1

BANK S I Z E
$1-5

(ASSETS)

1

BILLION |

I

.1

$ 5 BILLION
AND OVER

1-

I
I
1
|
I

|

1
TOTAL

L

BANK S I Z E

(ASSETS)

1

|
i

$ 1 - 5 BILLION |
|

i

J

1.9

MAY

33.8

39.6

30.6

40.9

47,8

36.1

JUNE

21.9

23.2

21.2

21-0

23-4

19.3

JULY

14-0

11.7

15.3

AUGUST-OCTOBER
( 4 - 6 MONTHS)

19.6

16.3

21.4

NOVEMBER-APRIL
( 7 - 1 2 MONTHS)

3.6

3.7

3.6

OVER 12 MONTHS

4.8

2.6

6.0

100.0

100.0

100.0

100.0

100-0

100.0

33.6

28.1

36.7

35.5

26-2

42.2

BP YON!) OCTOBER
(OVER 6 MONTHS)

8.4

6.3

9.6

2.6

2.6

2.5

JUNE 15
TAX MATURITY

3.6

4.6

3.0

TOTAL

2/

28,9

2/

44.7

MEMORANDUM:
JULY-OCTOBER
( 3 - 6 MONTHS)

V
2/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OP $ 1 BILLION OR MORE AS OF DECEMBER 3 1 , 1977*.
SALES WITH MATURITIES BEYOND SECOND MONTH.




1

|
I

L

2.9

38.1

»

$ 5 BILLION
AND OVER

2.3

1 9 8 1 APRIL 3 0

I
I
I

SALES SINCE PREVIOUS PERIOD

2/

TABLE 5
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS 1 /
AS OF APRIL 2 9 ,

CD'S MATURING IN

ALL
DISTRICTS

1981

(AMOUNTS IN MILLIONS OF DOLLARS!
|
1
1
1
1
I
1
1
!
I
I
I
1
1
I
1
1
I
1
I
1
I
I
I
1
SAN •
1 NEW | PHILA-1 CLEVE-1 RICH- |
1
! ST. 1 HINNE-1 KANSAS!
I
YORK |DELPHIA!
LAND | MONO f ATLANTA!CHICAGO# LOUIS 1 APOLIS|
1 BOSTON#
CITY | DALLAS! FRAN1
1
1
I
1
I
1
I
1
1
1
I CISCO
1
I
1
„l
|
1_
JL
1.
1_
1 ...
f

2,445

89

689

91

137

99

55

335

42

62

28

275

542

HAY

36,711

2,192

11,549

896

2,080

1,139

704

4,979

404

921

794

2,741

8,312

JUNE

23,794

940

8,121

548

1,641

828

388

4,016

256

545

346

1,457

4,706

JULY

15,216

423

4,538

319

1,161

376

218

2,190

94

223

137

1,234

4,302

AUGUST-OCTOBER
( 4 - 6 MONTHS)

21,234

438

5,262

360

1,211

665

272

3,183

114

363

259

1,619

7,487

NOVEMBER-APRIL
( 7 - 1 2 MONTHS)

3,912

162

858

83

131

154

110

552

48

14

152

278

1,371

OVER 12 MONTHS

5,189

41

756

92

254

49

32

404

22

108

27

318

3,087

108,501

4,284

31,773

2,390

6,615

3,311

1,780

1^,659

981

2,237

1,743

7,922

29,808

36,450

861

9,800

680

2,372

1,042

490

5,373

208

586

396

2,853

11,789

BEYOND OCTOBER
(OVER 6 MONTHS)

9,101

202

1,613 .

175

385

203

142

956

69

122

178

596

4,458

JUNE 15
TAX MATURITY

3,858

106

1,301

64

137

127

32

417

26

619

27

503

498

AVERAGE MATURITY
(IN MONTHS)
2/

2.7

1.8

2.2

2.4

2m 5

2m 4

to
w

APRIL 30

I
|
1
1
1
_1

BY FEDERAL RESERVE DISTRICT

2.5

2. 1

2.2

2.4

2.6

3.6

NUMBER OF BANKS

127

9

19

7

11

13

10

15

5

3

5

8

22

TOTAL
SANDUM:
JULY-OCTOBER
( 3 - 6 MONTHS)

1/
2/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 .
WEIGHTING PROCEDURE I S 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 /

BT FEDERAL RESERVE DISTRICT

AS OF APRIL 2 9 ,

ALL
DISTRICTS

CD'S MATURING IN

I

1
I

I

|
I
|
1
| BOSTONI

1

I

1981

(PERCENTAGE DISTRIBUTION!

I
I

1
I

NEW | P H I L A - | CLETE-1 RICH
YORK |DELPHIAI
LAND | HOND

1
1

I
-1

I
I

-

I
I

1
I

1
I

I
I

|
|
ST.
I HINNE-t KANSAS]
I
SAN 1
ATLANTAI CHICAGO! LOWS | APOLISI
CITY | DALLAS! FRAN- 1
|
|
I
I
I
I CISCO I
1
„
J
I
L
1
1
1
1

3.0

3.1

2.1

4.3

2.8

1.6

3-5

1.8

37.5

31.5

34.4

39.5

31.8

41.2

41-2

45.6

34.6

27.9

25- 6

22.9

24.8

25.0

21.8

25.6

26.2

24.4

19.9

18.4

15.8

9.9

14.3

13.4

17-6

11.4

12.3

14.0

9.6

10.0

7.9

15.6

14.4

19.6

10.2

16.6

15.1

18.3

20.1

15.3

20.3

11.7

16.2

14.9

20.4

25.1

NOVEMBER-APRIL
( 7 - 1 2 MONTHS)

3.6

3.8

2.7

3.5

2.0

4.7

6.2

3.5

4.9

.6

8.7

3.5

4.6

OVER 12 MONTHS

4.8

1.0

2.4

3.9

3.9

1.5

1.8

2.6

2.2

4.8

1.5

4.0

10.4

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

33-6

20.1

30.8

28.5

35.9

31.5

27.5

34.3

21.2

26.2

22.8

36.0

39.6

BEYOND OCTOBER
(OVER 6 MONTHS)

8.4

4.7

5.1

7.3

5.8

6.1

8.0

6.1

7.1

5.5

10.2

7.5

15.0

JUNE 15
TAX MATURITY

3.6

2.5

4.1

2.7

2.1

3.9

1.8

2-7

2.7

27.7

1.6

6.4

1.7

2.3

2.1

2.2

MAY

33.8

51.2

36.4

JUNE

21.9

21.9

JULY

14.0

AUGUST-OCTOBER
( 4 - 6 MONTHS)

TOTAL

00
m

2-1

1981 APRIL 30

MEMORANDUM:
JULY-OCTOBER
( 3 - 6 MONTHS)

1/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 .




r

TABLE 7
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS 1 /
BY FEDERAL RESERVE DISTRICT
AS OF APRIL 2 9 ,

C D ' S MATURING IN

I
1
|
1
1
_1

ALL
DISTRICTS
,

I
I
1
I
|
I NEW
1 BOSTON! YORK
1
1
1_
1_

1981

I
l
I
1
I
1
1
I
1
I
I
1
1
I
1
1
1
1
I
I
SAN |
| MINNE-1 KANSAS!
| PHILA-\ CLEVB-I RICH- |
I
1 ST.
1
CITY I DALLAS! FRAN- !
I DELPHIA1 LAND \ MOND | ATLANTA|CHICAGO| LOUIS 1 APOLISt
1
1
1
1
I
1
1
I CISCO 1
1
1
i
— — _1
1.
1.
I
1.
1.
L

HAY

18,094

1,381

5,358

430

1,273

602

402

2,097

222

551

601

1,447

3,730

JUNE

9,279

409

3,077

188

774

412

144

1,474

112

396

191

575

1,527

JULY OB LATER

16,838

485

4,587

316

1,387

557

272

2,587

126

258

200

1,247

4,815

TOTAL

44,211

2,276

13,022

934

3,433

1,571

818

6,158

460

1,205

993

3,269

10,072

15,701

462

4,284

295

1,351

476

238

2,430

106

253

143

1,179

4,484

1,136

23

303

22

36

80

34

157

20

5

57

68

331

2. 1

2.7

2.6

2.9

2,7

3.0

2-5

2.2

2.3

2.7

3.2

MEMORANDUM:
JULY-OCTOBER
( 3 - 6 MONTHS)
BEYOND OCTOBER
(OYER 6 MONTHS)

2/

3/

00
CM

1/

00
<N

AVERAGE MATURITY
(IN MONTHS)
3/

2/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
NEGATIVE VALUES, FOR SOME DISTRICTS, SOMETIMES RESULT FROM THE PROCEDURE THAT ESTIMATES SALES FOR THE
7TH MONTH OF THE TOTAL OF 7 - 1 2 MONTH MATURITIES OF THE PREVIOUS SURVEY.
THESE ESTIMATES ARE BASED ON A RATIO OF THE 7TH MONTH TO THE TOTAL OF 7 - 1 2 MONTHS FOR ALL REPORTERS
RATHER THAN FOR THE INDIVIDUAL DISTRICTS.
WEIGHTING PROCEDURE I S THE SAME AS THAT USED FOR 'TOTAL* SALES COLUMN IN 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 APRIL 2 9 ,

1

CD S MATURING IN

1
I
1
1

ALL
DISTRICTS

A

1
1
1
1
1
1
I BOSTON!
1
1

1981

1
1
1
1
1
(
1
1
1
1
1
1
1
1
1
1
NEW | PHILA—| CLBVB-I RICH- |
|
|
ST.
1 MINNB-l KANSAS!
1 SAN (
YORK IDELPHIA1
LAND 1 MONO (ATLANTA(CHICAGO! LOUIS 1 APOLIS1
CITY | DALLAS! FRAN- 1
1
1
1
1
1
1
1
1
I
1 CISCO 1
1- . 1 ..
L
-1

MAY

40.9

60.7

41.2

46.0

37.1

38.3

49.1

34.1

JUNE

21.0

18.0

23.6

20.1

22.5

26.2

17.7

23.9

JULY OR LATER

38.1

21.3

35.2

33.9

40.4

35.4

33.2

100.0

100.0

100.0

100.0

100.0

100.0

JULY-OCTOBER
( 3 - 6 MONTHS)

35.5

20.3

32.9

31.6

39.4

BEYOND OCTOBER

2.6

1.0

2.3

2.3

1.1

60.6

44.3

37.0

24.3

32.9

19.3

17.6

15.2

42.0

27.5

21.4

20.2

38.2

47.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

30.3

29.1

39.5

23.1

21.0

14.4

36.1

44.5

5.1

4.1

2.6

4.3

.4

5.7

2.1

3.3

(N
CO

TOTAL

45.7

MEMORANDUM:

1/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 .
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.