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December 1 5 ,
L.4.1(731)
NOT FOR PUBLICATION
1983
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF DEPOSITS
AT LARGE COMMERCIAL BANKS
a s of
November 3 0 ,
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
1983
TABLE 1
MATURITY DISTRIBUTION CP OUTSTANDING AND SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF NOVEMBER 3 0 ,
1/
1983
iAgOUNTS IN MILLIONS OF DOLLARS)
A M O U N T
C D ' S MATURING IN
I
J
1 9 8 3 NOVEMBER JO
O U T S T A N D I N G
I
I
I
|
1 NEW YORK CITY |
J
1
TOTAL
SALES SINCE PREVIOUS PERIOD
I
OUTSIDE
|
NEW YORK CITY |
L
TOTAL
I
1
I
|
OUTSIDE
| NEW YORK CITY J NEW YORK CITY
_L
~L
0
o
0
30,475
6,083
24,393
15,849
2,327
13,522
21,458
6,048
15,410
10,336
2,580
7,756
FEBRUARY
8,453
2,481
5,972
MARCH-MAY
( 4 - 6 MONTHS)
9,027
2,752
6,274
JUNE-NOVEMBER
( 7 - 1 2 MONTHS)
3,112
513
2,599
2,977 2/
6,688 2/
12,153
1,112
11,042
84,679
18,990
65,689
35,850
7,884
27,966
FEBRUARY-MAY
( 3 - 6 MONTHS)
17,480
5,234
12,246
8,168
2,700
5,468
BEYOND MAY
(OVER 6 MONTHS)
15,265
1,625
13,64C
1,497
277
1,220
1,835
366
1,469
3.4
2.6
3.7
2.5
3. 1
DECEMBER
1 9 8 4 JANUARY
OVER 12 MONTHS
TOTAL
9 , 6 6 5 2/
MEMORANDUM:
DECEMBER 15
TAX MATURITY
AVERAGE MATURITY
(IN MONTHS)
3/
1/
2/
3/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY BANKS WITH
DOMESTIC ASSETS OF $ 1 BILLION OR MCRE AS OF DECEMBER 3 1 , 1 9 7 7 .
SALES WITH MATURITIES BEYOND SECOND MONTH.
FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE 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.
2.4
TABLE 2
MATURITY DISTRIBUTION Of OUTSTANDING AMD SKIES
OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT LARGE COMMERCIAL BASKS
AS OF NOVEMBER 3 0 ,
1/
1983
(PERCENTAGE DISTRIBUTIONV
x
I
O U T S T A N D I N G
A M O U N T
C D ' S MATURING IN
TOTAL
I
|
|
J
SALES S I N C E PREVIOUS PERIOD
I
j
OUTSIDE
NEW YORK CITY J NEW YORK CITY
I
|
|
I
I
|
TOTAL
J
NEW YORK CITY
OUTSIDE
NEW YORK CITY
.0
.0
.0
36.0
32.0
37. 1
44.2
29.5
48.4
25.3
31.9
23.5
28.8
32.7
27.7
FEBRUARY
10.0
13.1
9.1
MARCH-MAY
< 4 - 6 MON1HS)
10.7
14.5
9.6
3.7
2.7
4.0
3 7 . 8 2/
23.9
14. 4
5.9
16.8
100.0
100.0
100.0
100.0
100.0
100.0
FEBRUARY-MAY
< 3 - 6 MCNIHS)
20.6
27.6
18.6
22.8
34.2
19.6
BEYOND MAX
<0VER 6 MONTHS)
18.0
8.6
20.8
4.2
3.5
4.4
2.2
1.9
2.2
1 9 8 3 NOVEMBER 3 0
- ^
DECEMBER
1 9 8 4 JANUARY
JUNE-NOVEMBER
< 7 - 1 2 MONTHS)
OVER 12 MONTHS
TOTAL
27.0
2/
.
MEMORANDUM:
DECEMBER 15
lAJLiMUBJlY
1/
2/
INCLUDES NIGOTIAELF CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE I S S U E : BY BANKS WITH
DOMESTIC ASSETS OF $ 1 BILLION CR KCRE AS OF DECEMBER 3 1 , 1 9 7 7 .
SALES WITH MATCRITIES BEYOND SECOND MONTH.
2/
TABLE J
MATURITY DISTRIBUTION CF OUTSTANDING AND SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT LAtiGE COMMERCIAL BANKS
AS OF NOVEMBER 3 0 ,
1/
198J
(AMOUNTS I N MILLIONS OF DOLLARS)
A M O U N T
O U T S T A N D I N G
BANK S I Z E
C D ' S MATURING IN
$1-5
TOTAL
.
SALES SINCE PBEVIOUS PEBIOD
(ASSETS)
J
BILLION |
I
L.
BANK S I Z E
$ 5 BILLION
AND QYEB
_J
TOTAL
I
|
1
J
$1-5
(ASSETS)
I
BILLION |
I
L
$ 5 BILLION
AND OVER
0
0
0
30,475
16,848
13,627
15,849
9,897
5,952
21,458
10,563
10,895
10,336
5,670
*,667
FEBRUARY
8,453
3,796
4,657
MARCH-MAY
( 4 - 6 MONTHS)
9,027
3,627
5 , 40C
JUNE-NOVEMBER
( 7 - 1 2 MONTHS)
3,112
1,119
1,993
4,045 2/
5,620 2/
12,153
3,932
8,221
84,679
39,885
44,794
35,850
19,611
16,239
FEBRUARY-MAY
( 3 - 6 MONTHS)
17,480
7,423
10,057
8,168
3,416
4,752
BEYOND BAY
(OVER 6 MONTHS)
15,265
5,051
10,214
1,497
629
868
1,835
976
858
3.4
2.7
4.0
2.5
2.2
3.0
1 9 8 3 NOVEMEER 3 0
DECEMBER
1 9 8 4 JANUARY
OVEB 12 MONTHS
TOTAL
9,665 2/
MEMORANDUM:
DECEMBER 15
1 A I MATURITY
AVERAGE MATURITY
(IN MONTHS)
3/
1/
INCLUDES NEGOTIABLE CERTIFICATES CF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OB MORE ISSUED BT BANKS 1 I T H
DOMESTIC ASSETS OF $ 1 BILLION CR iSCRE AS OF DECEMBER 3 1 , 1 9 7 7 .
2/
SALES fclTb MATURITIES EEYOND SECOND MONTH.
3/
FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE AVAILABLE ON REQUEST FROM THE tiANKING 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.
I
|
|
I
TABLE 4
MATURITT DISTRIBUTION CF OUTSTANDING AND SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF NOVEMBER 3 0 ,
1/
1983
(PERCENTAGE D I S T R I B U T I O N
CD'S
HATUhING IN
1
1
i
I
I
i
I
i
__j
A M C U N T
TOTAL
i
I
i
1
1
I
1
|
0 0 T S T A N D I N G
BANK S I Z E
$1-5
I
BILLION 1
1
1
(ASSETS)
.1
$ 5 BILLION
AND OVEB
J
|
1
|
|
1
SALES SINCE PREVIOUS PEBIOD
BANK S I Z E
TOTAL
S1-5
BILLION
(ASSETS)
1
1
|
1
$ 5 BILLION
AND OVEB
.0
.0
.0
36,0
42.2
30.4
44.2
50.5
36.7
25.3
26.5
24.3
28.8
28.9
28.7
FEBBUABX
10.0
9.5
10.4
MABtH-MAY
( 4 - 6 MONTHS)
10.7
9.1
22.1
3.7
2.8
4.5
14. 4
9.9
18.4
100.0
100.0
100.0
100.0
100.0
100.0
FEBBUABY-MAY
( 3 - 6 ACNTHS)
20.6
18.6
22.5
22.8
17.4
29.3
BEYOND MAY
(OVEB t MONTHS)
18.0
12.7
22.8
4.2
3.2
5.4
2.2
2.5
1.9
1 9 8 3 NOViMEEB 30
DECEMBEB
1 9 8 4 JAN8ABY
JUNE-NOVEMEEB
( 7 - 1 2 MONTHS)
OVEB 12 tiCNIHS
TOTAL
27.0
2/
20.6
2/
34.6
MEMOBANDUM:
DECEMBER 15
TAI MAlUtsITY
1/
2/
INCLUDES NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 0 8 MORE ISSUED BY BANKS WITH
DOMESTIC ASSB'IS CF $ 1 B I 1 H C N OB ACRE AS OF DECEMBER 3 1 , 1 9 7 7 .
SALES WITH MATURITIES EEXOND SECOND MONTH.
2/
1
|
1
1
1
I
1
|
1
TABLE 5
HATUBIT1 DISTBIBUTION OF OUTSTANDING NEGOTIABLE H U E C E R T I F I C A T E S OF DEPOSIT
AT LABGE COMMEBCIAL BANKS 1 /
B1 FEDEBAL BESEBVE DISTBZCT
AS OF NOVEMBBB 3 0 ,
C D ' S MATURING IN
ALL
CISTBICTS
|
|
| BOSTON
I
198J
(AMOUNTS J N MILLIONS OF DOLLARS)
I
1
I
I
i
I
I
I
I
I
I
1
I
I
1
1
I
I
I
I
SAW
NEW | PHIL A-1 CLEVE-I B I C H - |
J
I
ST.
| HIMNE-J KANSAS|
I
10BK jDELPUIAl
LAND | BOND
1ATLANTAJCUICAGOI LODIS | A P 0 L 1 S |
CITY | DALLAS| FRANI
I
I
I
I
I
I
I
! CISCO
1
i
l
___L
u_j
I
~l
1
—I
— J
-1
0
0
0
0
0
0
0
0
0
0
0
0
0
30,475
2,104
7,535
913
1,674
1,187
621
5,233
329
522
881
5,134
4,342
21,458
1,259
7,300
313
793
1,038
353
3,894
404
631
471
2,758
2,243
FEBRUARY
8,453
258
3,023
130
294
338
159
1,548
77
297
201
1,082
1,047
MARCH-MAY
( 4 - 6 MONTHS)
9,027
175
3,191
145
383
294
134
1,282
106
123
238
1,058
1,897
JUME-NCVEMEBB
( 7 - 1 2 MONTHS)
3,112
75
579
67
178
128
45
386
59
44
75
232
1,243
12,153
189
1,311
91
982
359
184
686
81
742
133
1,037
6,359
84,679
4,061
22,939
1,659
4,305
3,345
1,495
13,029
1,056
2,359
1,999
11,300
17,131
FEBRUARY-MAY
(3—6 MOUTHS)
17,480
433
6,214
275
678
632
292
2,830
183
420
439
2,140
2,944
BEYOND MAY
(OVER 6 MONTHS)
15,265
265
1,890
158
1,160
487
229
1,072
140
785
208
1,269
7,602
1,835
138
482
45
175
122
26
301
12
9
77
237
211
AVERAGE MATURITY
(IN MONTHS)
2/
3.4
1.8
2.5
2.2
4.3
3.0
3.0
2.3
5.2
2.5
2.6
6.3
NUMBER OF BANKS
125
9
19
7
10
13
10
15
3
5
8
22
1 9 8 3 NOVEMBER 3 0
DECEMBER
1 9 8 4 JANUARY
OVER 12 MONTHS
TOTAL
MEMORANDUM:
DECEMBER 1 5
TAX MATURITY
2/
00
CM
1/
4
INCLUDES kiGCTJABLE CERTIFICATES Of DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 0 8 MOBE ISSUED Bit BANKS WITH
DOMESTIC ASSETS OF 3 1 BILLION CB MCBE AS OF DECEMBER 3 1 , 1 9 7 7 .
WEIGHTING PBOCEDUKE I S THE SAME AS THAI USED FOB "TOTAL" OUTSTANDINGS COLUMN I N TABLE 1 .
TABLE 6
MATURITY DISTRIBUTION OP OUTSTANDING NEGOTIABLE TIME C E R T I F I C A T E S Of
AT LARGE COMMERCIAL BANKS 1 /
Bl FEDERAL RESERVE D I S T R I C T
AS OF NOVEMBER 3 0 ,
C D ' S MATURING I N
1983
NOVEMBER 3D
ALL
DISTRICTS
BOSTON
DEPOSIT
1983
J£I£CtiHAS£_BJSlgIluHOj!j
I
I
1
I
I
I
I
!
!
!
!
!
"
!
NEh
| P H I L A - | CLEVE-I B I C H - |
|
SI.
I Dili HE-1 KANSAS!
I
SAM
|
YORK | D E L P H I A |
LAND | BOND |ATLANTA CHICAGO 1 LOUIS | A P O L I S |
C I T I | D A 1 I A S | FRAN- |
I
1
I
I
i
1
I
I
J CISCO |
1
1
i
1
A.
-L
1
L _
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
36.0
51.8
32.9
55.1
38.9
35.5
41.5
40.2
31.1
22.1
44.1
45.4
25.4
25.3
31.0
31.8
18.9
18.4
31.1
23.6
29.9
38.3
26.8
23.6
24.4
13.1
FEBRUARY
10.0
6.4
13.2
6.8
10.1
10.6
11.9
7.3
12.6
10.1
9.6
6.1
MARCH-MAY
( 4 - 6 MONTHS)
10.7
4.3
13.9
8.7
8.9
8.8
9.0
9.8
10.0
5.2
11.9
9.4
11.1
JUNE-NCVEMiEB
( 7 - 1 2 MONTHS)
3.7
1.9
2.5
4.0
4.1
3.8
3.0
3.0
5.6
1.9
3.8
2.1
7.3
14.4
4.7
5.7
5.5
22.8
10.7
12.3
5.3
7.6
31.4
6.7
9.2
37*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
100.0
FEBRUABY-MAY
( 3 - 6 MONTHS)
20.6
10.7
27.1
16.6
15.7
18.9
19.6
21.7
17.3
17.8
22.0
18.9
17.2
BEYOND dAY
(CVEB 6 MONTHS)
18.0
6-5
8.2
9.5
26.9
14.6
15.3
8.2
13.3
33.3
10.4
11.2
44.4
2.2
3-4
2.1
2.7
4.1
3.6
1.7
2.3
1-1
.4
3.9
2.1
1.2
DECEMBER
1 9 6 4 JANUARY
CVEB 12 MONTHS
TOTAL
00
I
.0
MEMORANDUM:
DECEMB8B 1 5
TAX MATURITY
1/
INCLUDES NEGOTIABLE CERTIFICATES Of DEPOSIT IN DENOMINATIONS OP $ 1 0 0 , 0 0 0 OR MORE ISSUED BX BANKS 1 I T H
DOMESTIC ASSETS OF $ 1 E I I L I G N CR HCRE AS Of DECEMBER 3 1 , 1 9 7 7 .
TABLE 7
SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT SINCE PREVIOUS BOMTH
AT LARGE COMMERCIAL BANKS 1 /
bX FEDERAL BESEBVE D I S T R I C T
AS OF NOVEMBER 3 0 ,
1983
(AMOUNTS I N MILLIONS
1
(
C D ' S MATURING I N
I
«ST-
I
I
I
i
I
jDJJpHIlJ
i
i
i
:
I
^ANlTj
i
j
MONO
i
j
|
{
| ATLANTa'iCHICAGo! LOUIS |
APOLIs'
i
j
!
•
'
j
CITX
j
|
:
~7
j
|
DALLAS! FRAN- j
C I S C 0
•
15,849
1,212
2,992
429
883
489
373
2,919
147
339
555
3,406
2,106
10,336
763
3,390
1b4
367
610
172
1,781
264
376
159
1,186
1,104
9,665
233
3,551
157
387
378
205
1,763
110
460
208
952
1,262
35,850
2,209
9,934
750
1,637
1,477
749
6,463
521
1,174
922
5,544
4,471
FEBRUABY-MAY
( 3 - 6 MO 111 HS)
8,168
236
3,260
142
190
249
172
1,610
93
298
185
953
780
BEYOND MAY
(OVIB 6 MONTHS)
1,497
-3
291
15
198
129
33
153
17
161
23
-1
482
2.5
1.7
2.9
2.1
2.8
2.9
2.5
2.4
2.5
3.5
2.2
1.9
2.9
DECEMBBB
1 9 8 4 JANUARY
FEBRUARY OB LATER
TOTAL
MEMORANDUM:
AVERAGE MATURITY
(IN MONTHS)
3/
1/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED 6 1 BANKS BITfl
DOMESTIC ASSETS OF $ 1 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 .
2 /
3/
2/
ivi:::
^
,«>,
t»=
„
<
*
:
»
«
s L ^ T - ^ r z r - , - , ;
RATHER THAN FOR THE INDIVIDUAL D I S T R I C T S .
WEIGHTING PROCEDURE I S THE SAME AS THAT USED FOR • TOTAL 1 SALES COLUMN I N TABLE 1»
,
s
,=»
^
.
™
.»=.-=.=
{
'
J
TABLE 8
SALES OF NEGOTIABLE TIME C E R T I F I C A T E S O i DEPOSIT SINCE PBEVIOUS MOUTH
AT LARGE COMMERCIAL BANKS 1 /
E I FBDEBAL BESEBVB D I S T B I C T
AS OF NOVEMBEB 3 0 ,
ALL
CD'S MATUBIllG III
DISTBICIS
1 9 8 4 JAMUABX
FEBBOABY OB LA1EB
TLTAL
I
|
BOSTON|
I
I
fPEBCENTAGE D I S I B I B U T I O N 1
I
I
I
I
NEW
| PHILA-J
YOBK I D E L P H I * |
I
iDECEMBIB
I
I
I
A
1983
I
1
I
i
I
I
1
1
4
1
I
CLBVB-I B I C H - i
I St.
| HINNE-I KANSAS|
I SAB
LAND | BOND
|ATLANTA CHICAGO1 LOUIS | APOLIS|
CITI | DALLAS| FBANI
I
I CISCO
I
I
1
1
1
L
J
J
I
1
~L
I
I
44.2
54.9
30.1
57.2
53.9
33.1
49.8
45.2
28.2
28.9
60.3
61.4
47.1
28.8
34.6
34. 1
21.9
22.4
41.3
22.9
27.6
50.8
32.0
17.2
21.4
24.7
27.0
10.6
35.8
21.0
23.1
25.6
27.3
27.3
21.1
39.2
22.5
17.2
26.2
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
22.8
10.7
32.8
19.0
11.6
16.8
22.9
24.9
17.8
25.4
20.1
17.2
17.5
4.2
-.1
2.9
2.0
12. 1
8.7
4.4
2.4
3.3
13.7
2.5
.0
10.8
HEMOBANDUM:
FEBBUABY-MAY
( 3 - 6 MONTHS)
BEYOND MAY
(OVEB 6 MONTHS)
1/
INCLUDES NEGOTIABLE C E B T I F I C A T E S Of DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0
DOMESTIC ASSETS OF $ 1 BILLION CB MCBE AS OF DBCEHBEB 3 1 , 1 9 3 7 .
DETAILS MAI NOT ADD TO TOTALS DUB TO BOUNDING.
OB flOBB ISSUED B I BANKS BITH
@FedFRASER