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L.4.1(731) NOT FOR PUBLICATION 14, 1981 4 I I y SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of APRIL 29, 1981 i '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.