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A „ December 18, 1979 &t™ -search / /, ' ,f ' <2ry L.4.i(73i) NOT FOR PUBLICATION SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of November 18, 1979 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G AND SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT LARGE C O M M E R C I A L BANKS AS OF N O V E M B E R 28, 1 1 CD'S M A T U R I N G IN 1979 N O V E M B E R 2 9 - 3 0 J 1 1 1 1 A M 0 U N TOTAL 1/ 1979 (AMOUNTS IN MILLIONS OF DOLLARS) 1 0 U T S T A N D I N G T 1 SALES S I N C E P R E V I O U S 1 1 1 1 1 1 | NEW YORK CITY 1 1 1 NEW YORK CITY 1 1 OUTSIDE 1 1 NEW YORK CITY 1 I TOTAL ) PERIOD 1 | 1 1 OUTSIDE 1 NEW YORK C I T Y 1 1 | | 1 2,422 422 2,000 22,361 4,829 17,532 8,334 1,231 7,104 19,432 5,186 14,246 4,917 943 3,974 FEBRUARY 11,291 2,522 8,769 MARCH-MAY (4-6 M O N T H S ) 23,981 5,485 18,496 JUNE-NOVEMBER (7-12 M O N T H S ) 4,420 544 3,876 OVER 3,433 1,122 2,312 87,340 20,110 35,272 BEYOND M A Y (OVER 6 M O N T H S ) DECEMBER 17 TAX M A T U R I T Y DECEMBER 1980 J A N U A R Y 12 M O N T H S TOTAL 1 0 , 8 5 0 2/ 2 , 6 6 7 2/ 67,230 24,102 4,842 19,260 8,007 27,265 10,045 2,545 7,501 7,853 1,666 6,188 805 123 682 2,223 471 1,753 3.0 3.1 3.0 3.1 3.6 3.0 8,183 2 / MEMORANDUM: FEBRUARY-MAY (3-6 M O N T H S ) AVERAGE MATURITY (IN M O N T H S ) 3/ 1/ 2/ 3/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY B A N K S WITH D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE A S OF DECEMBER 31, 1 9 7 7 . SALES W I T H M A T U R I T I E S B E Y O N D SECOND M O N T H . F O R M U L A S FOR C A L C U L A T I O N OF A V E R A G E M A T U R I T I E S ARE A V A I L A B L E ON R E Q U E S T FROM T H E B A N K I N G S E C T I O N , D I V I S I O N OF R E S E A R C H A N D S T A T I S T I C S , BOARD OF G O V E R N O R S OF THE FEDERAL R E S E R V E S Y S T E M . TABLE 2 M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G A N D SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT LARGE C O M M E R C I A L BANKS AS OF N O V E M B E R CD'S M A T U R I N G 1979 NOVEMBER 1980 1 1 1 1 1 1 1 IN 29-30 1/ 28, 1979 (PERCENTAGE QISTRIBULLQMJ A M 0 U N T TOTAL O U T S T A 1 1 I NEW YORK CITY 1 N D I N G 1 OUTSIDE 1 1 NEW YORK CITY 1 I 1 1 | I 1 SALES S I N C E P R E V I O U S TOTAL 1 1 I NEW YORK C I T Y 1 PERIOD 1 OUTSIDE 1 1 NEW YORK C I T Y | 2.7 2.1 2.9 DECEMBER 25.6 24.0 26.0 34.5 25.4 36.8 JANUARY 22.2 25.7 21.1 20.4 19.4 20.6 FEBRUARY 12.9 12.5 13.0 MARCH-MAY (4-6 M O N T H S ) 27.4 27.2 27.5 JUNE-NOVEMBER (7-12 M O N T H S ) 5.0 2.7 5.7 4 5 . 0 2/ 55.0 2/ 4 2 . 4 2/ OVER 3.9 5.5 3.4 100.0 100.0 100.0 100.0 100.0 100.0 40.3 39.8 40.5 41.6 52.5 38.9 8.9 8.2 9.2 3.3 2.5 3.5 2.5 2.3 2.6 12 M O N T H S TOTAL MEMORANDUM: FEBRUARY-MAY (3-6 M O N T H S ) BEYOND M A Y (OVER 6 M O N T H S ) DECEMBER 17 TAX MATUR1IX. 1/ 2/ . INCLUDES N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE A S OF DECEMBER 31, 1 9 7 7 . SALES WITH M A T U R I T I E S B E Y O N D SECOND MONTH. BY B A N K S W I T H 1 | 1 1 I f 1 TABLE 3 M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G A N D SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT LARGE C O M M E R C I A L BANKS AS OF N O V E M B E R I CD'S M A T U R I N G A M 0 U N T I IN I TOTAL 1 1 I 1 1 1 1 I 1 1 1 $5 B I L L I O N A N D OVER I 1 1 TOTAL I 1 1 1 S A L E S S I N C E P R E V I O U S PERIOD I (ASSETS) BANK SIZE $1-5 BILLION 28, 1979 D I N G O U T S T A N 1/ 1 I r I 1 1 . 1 (ASSETS) BANK SIZE $1-5 B I L L I O N I 1 I 1 1 $5 B I L L I O N AND OVER 1,350 1,072 22,361 10,221 12,140 8,334 4,265 4,069 19,432 7,985 11,447 4,917 2,080 2,837 FEBRUARY 11,291 4,522 6,769 MARCH-MAY C4—6 M O N T H S ) 23,981 10,185 13,796 JUNE-NOVEMBER (7-12 M O N T H S ) 4,420 2,108 2,312 4,391 2/ 6 , 4 5 9 2/ OVER 3,433 608 2,825 87,340 36,979 50,361 24,102 10,737 13,365 35,272 14,707 20,565 10,045 3,848 6,197 BEYOND M A Y (OVER 6 M O N T H S ) 7,853 2,716 5,137 80? 543 262 DECEMBER 17 TAX M A T U R I T Y 2,223 1,038 1,186 3.1 3.0 3.3 DECEMBER 1980 J A N U A R Y 12 M O N T H S TOTAL 10,850 2/ MEMORANDUMS FEBRUARY-MAY (3-6 M O N T H S ) AVERAGE MATURITY (IN M O N T H S ) 3/ 1/ 2/ 3/ 3.0 2.8 3.2 I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E ISSUED BY B A N K S WITH D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE A S OF DECEMBER 31, 1 9 7 7 . SALES W I T H M A T U R I T I E S B E Y O N D SECOND M O N T H . F O R M U L A S FOR C A L C U L A T I O N OF A V E R A G E M A T U R I T I E S ARE A V A I L A B L E ON R E Q U E S T FROM T H E B A N K I N G S E C T I O N , DIVISION OF R E S E A R C H A N D S T A T I S T I C S , B O A R D OF G O V E R N O R S OF T H E FEDERAL R E S E R V E S Y S T E M . 1 1 I 1 2,422 1979 N O V E M B E R 2 9 - 3 0 I TABLE 4 OF D E P O S I T M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G AND SALES OF N E G O T I A B L E T I M E C E R T I F I C A T E S AT LARGE C O M M E R C I A L BANKS 1/ AS OF N O V E M B E R 28, 1979 iPFRfFNTAGF D I S T R I B U T I O N ) CD'S M A T U R I N G IN 1 1 ji — 1 i 1 1 1 1 1 A M 0 U N T 1 | t I 1 1 TOTAL 0 U T S T A N D I N G (ASSETS) BANK SIZE $1- 5 BILLION 1 1 1 1 $5 BILLION A N D OVER , 1 1 1 I 1 1 I 1 1 h ' I - SALES SINCE P R E V I O U S P E R I O D TOTAL BANK SIZE 1 1 1 1 $1-5 B I L L I O N 1 i - (ASSETS) 1 1 I $5 B I L L I O N 1 | AND OVER I .1 . - 1 2.7 3.6 2.1 25.6 27.6 24.1 34.5 39.7 30.4 22.2 21.5 22.7 20.4 19.3 21.2 FEBRUARY 12.9 12.2 13.4 MARCH-MAY (4-6 M O N T H S ) 27.4 27.5 27.3 JUNE-NOVEMBER (7-12 M O N T H S ) 5.0 5.7 4.5 45.0 2/ 40.9 2/ 4 8 . 3 2/ OVER 3.9 1.6 5.6 100.0 100.0 100.0 100.0 100.0 100.0 40.3 39.7 40.8 41.6 35.8 46.3 BEYOND M A Y (OVER 6 M O N T H S ) 8.9 7.3 10.2 3-3 5.0 1.9 DECEMBER 17 I AX M A T U R 1 I X - 2.5 2.8 2.3 1979 NOVEMBER 29-30 DECEMBER 1980 J A N U A R Y 12 M O N T H S TOTAL MEMORANDUM: FEBRUARY-MAY (3-6 M O N T H S ) __ If 2/ INCLUDES N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S WITH D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS OF DECEMBER 31, 1977. SALES WITH M A T U R I T I E S B E Y O N D SECOND M O N T H . / 1 1 * 1 TABLE 5 M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T AT LARGE C O M M E R C I A L B A N K S 1/ BY F E D E R A L R E S E R V E D I S T R I C T AS OF N O V E M B E R 2 8 , 1979 C D ' S M A T U R I N G IN 1 \ 1 1 1 i ALL DISTRICTS 1 1 1 1 i 1 I BOSTON| 1 | 1 1 _CLLI»H.UI2ia .UT.VULL a a a j . — 1 1 1 1 1 1 1 1 i 1 1 1 ST. NEW I PHI LA-1 CLEVE-t RICH- | 1 1 I ATLANTA|CHICAGO| LOUIS YORK IDELPHIAI LAND I MONO 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 | MINNE-I K A N S A S I | 1 SAN CITY | D A L L A S ! F R A N - I I APOLISI 1 1 1 1 CISCO I 1 1 1 1 2,422 93 523 183 174 100 112 360 18 30 46 195 587 22,361 1,208 5,717 880 1,468 978 617 4,043 239 411 464 1,578 4,758 19,432 869 5,909 825 871 887 444 2,987 283 338 309 1,190 4,520 FEBRUARY 11,291 492 3,000 393 735 429 380 It 514 97 226 140 724 3,161 MARCH-MAY (4-6 M O N T H S ) 23,981 971 6,345 727 1,643 1,006 529 3,198 185 529 303 2,399 6,146 JUNE-NOVEMBER (7-12 M O N T H S ) 4,420 127 714 208 746 169 171 676 13 29 43 513 1,010 OVER 3,433 126 1,197 119 305 28 51 398 3 12 7 162 1,025 87,340 3,887 23,405 3,335 5,943 3,597 2,304 13,174 839 1,575 1,312 6,762 21,206 35,272 1,464 9,345 1,119 2,378 1,434 909 4,712 282 755 443 3,124 9,307 BEYOND MAY (OVER 6 M O N T H S ) 7,853 253 1,912 327 1,051 197 222 1,073 16 41 50 676 2,035 D E C E M B E R 17 TAX M A T U R I T Y 2,223 133 599 144 143 91 50 368 21 20 33 178 445 AVERAGE MATURITY (IN M O N T H S ) 2/ 3.0 2.7 3.0 2.8 3.7 2.6 2.9 2.8 2.2 2.7 2,3 3.3 3.2 NUMBER OF BANKS 127 9 19 7 10 13 10 15 5 3 5 8 23 1979 N O V E M B E R 2 9 - 3 0 DECEMBER 1980 J A N U A R Y 12 M O N T H S TOTAL . MEMORANDUM: . FEBRUARY-MAY (3-6 M O N T H S ) 1/ 2/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY B A N K S WITH D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS OF DECEMBER 3 1 , 1 9 7 7 . W E I G H T I N G P R O C E D U R E IS THE SAME AS THAT USED FOR 'TOTAL* O U T S T A N D I N G S C O L U M N IN T A B L E 1. TABLE 6 M A T U R I T Y DISTRIBUTION OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT AT LARGE C O M M E R C I A L BANKS 1/ BY F E D E R A L R E S E R V E D I S T R I C T AS OF N O V E M B E R 28, C D ' S M A T U R I N G IN 1979 N O V E M B E R 29-30 ALL DISTRICTS 1 1 | 1 i 1 I BOSTONl 1 1 1 1 NEW YORK 1979 i r wnittuLL, u a y 1 JLUIiJL. 1 1 1 1 1 1 1 1 1 1 1 1 1 PHI LA—| CLEVE-I R I C H - | 1 1 ST. 1DELPHIAI LAND I MONO IATLANTAICHICAGO! LOUIS 1 1 1 1 1 1 1 1 1 __ „ JL 1 1 1 1 1 1 1 1 I MINNE-i K A N S A S ! I APOLISI CITY | DALLAS 1 1 1 1 1 1 1 1 1 SAN I FRAN1 CISCO 1 2.7 2.3 2.2 5.4 2.9 2.7 4.8 Z.7 2.1 1.9 3.5 2.8 2.7 25.6 31.0 24.4 26.4 24.7 27.2 26.8 30.6 28.4 26.0 35.3 23.3 22.4 22.2 22.3 25.2 24.7 14.6 24.6 19.2 22.6 33.7 21.4 23.5 17.6 FEBRUARY 12.9 12.6 12.8 11.7 12.3 11.9 16.5 11.4 11.5 14.3 10.6 10.7 14.9 MARCH-MAY (4-6 M O N T H S ) 27.4 24.9 27.1 21.7 27.6 27.9 22.9 24.2 22.0 33.5 23.1 35.4 28.9 JUNE-NOVEMBER (7-12 M O N T H S ) 5.0 3.2 3.0 6.2 12.5 4.7 7.4 5.1 1.5 1.8 3.2 7.5 4.7 OVER 3.9 3.2 5.1 3.5 5.1 .7 2.2 3.0 .3 .7 .5 2.4 4.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 40.3 37.6 39.9 33.5 40.0 39.8 39.4 35.7 33.6 47.9 33.7 46.1 43.8 B E Y O N D MAY (OVER 6 M O N T H S ) 8.9 6.5 8.1 9.8 17.6 5.4 9.6 8.1 1.9 2.6 3.7 9.9 9.6 D E C E M B E R 17 TAX M A T U R I T Y 2.5 3.4 2.5 4.3 2.4 2.5 2.1 2.7 2.4 1.2 2.4 2.6 2.1 DECEMBER 1980 J A N U A R Y 12 M O N T H S TOTAL . 21.3 MEMORANDUM: FEBRUARY-MAY (3-6 M O N T H S ) 1Z INCLUDES N E G O T I A B L E C E R T I F I C A T E S OF DEPOSIT IN D E N O M I N A T I O N S OF D O M E S T I C ASSETS OF $1 B I L L I O N OR MORE AS OF DECEMBER 31, 1 9 7 7 . $ 1 0 0 , 0 0 0 OR MORE ISSUED BY B A N K S W I T H TABLE 7 S A L E S OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT SINCE P R E V I O U S M O N T H AT LARGE C O M M E R C I A L B A N K S 1/ BY FEDERAL R E S E R V E D I S T R I C T AS OF N O V E M B E R 28, ^MpuiMTS ALL DISTRICTS C D ' S M A T U R I N G IN DECEMBER 1980 J A N U A R Y F E B R U A R Y OR LATER TOTAL IN M I L L I O N S OF D O L L A R S ) 1 1 1 ! I I I I BOSTON 1979 I I NEW 1 PHI LA-1 CLEVE-1 RICH- I I YORK |DELPHIA] LAND I MOND IATLANTA|CHICAGO I J I _L I I I J I 1 ST. LOUIS I L- I I I I J 1 I I I I 1 L | MINNE—I K A N S A S ! I SAN I APOLISI CITY I D A L L A S ! F R A N l I I I CISCO 8,334 403 1,570 293 583 401 226 1,605 76 228 247 623 2,079 4,917 173 1,130 235 194 292 97 1, 190 45 53 58 233 1,216 10,850 342 3,041 333 423 535 224 1,819 97 230 121 822 2,863 24,102 918 5,741 861 1,201 1,228 547 4,614 218 511 427 1,678 6,159 10,045 354 2,918 313 391 510 175 1, 540 100 214 124 740 2,668 805 -12 123 20 33 25 49 280 -3 16 -3 81 196 3.1 2.6 3.3 2.9 2.7 3.0 3.2 3.1 2.8 3.0 2.2 3.3 3.2 MEMORANDUMS FEBRUARY-MAY (3-6 M O N T H S ) B E Y O N D MAY (OVER 6 M O N T H S ) AVERAGE MATURITY (IN M O N T H S ) 3/ 1Z 2/ 3/ 2/ I N C L U D E S N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S WITH D O M E S T I C A S S E T S OF $1 B I L L I O N OR M O R E A S OF DECEMBER 31, 1 9 7 7 . D E T A I L S MAY NOT ADD TO T O T A L S DUE TO R O U N D I N G . N E G A T I V E V A L U E S , FOR S O M E D I S T R I C T S , S O M E T I M E S RESULT FROM THE P R O C E D U R E THAT E S T I M A T E S SALES FOR THE 7 T H M O N T H OF THE T O T A L OF 7 - 1 2 M O N T H M A T U R I T I E S OF T H E P R E V I O U S S U R V E Y . THESE E S T I M A T E S ARE B A S E D ON A R A T I O OF THE 7TH MONTH TO THE TOTAL OF 7 - 1 2 M O N T H S FOR ALL R E P O R T E R S R A T H E R THAN FOR THE INDIVIDUAL D I S T R I C T S . , W E I G H T I N G P R O C E D U R E IS THE S A M E AS THAT U S E D FOR 'TOTAL' S A L E S C O L U M N IN TABLE 1. I TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL R E S E R V E DISTRICT AS OF NOVEMBER 28, 1979 (PERCENTAGE DISTRIBUTIONS DECEMBER 1980 JANUARY FEBRUARY OR LATER TOTAL BOSTON NEW YORK I I I I I I I I I L I PHILA-I CLEVE-1 RICHI DELPHIAl LAND I MONO ! 1 1 I ATLANTAI CHIC AGO I I ! I I | ST. I MINNE-I K A N S A S I I SAN I LOUIS I APOLISI CITY I DALLAS| FRAN- I | | I I CISCO I I I I 1 L 44.6 57.8 37.1 33.7 20.7 10.4 13.6 13.9 19.7 39.4 44.4 45.0 28.4 48.9 46.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 41.5 31.9 33.3 45.6 41.8 29.1 44.1 43.3 2.0 9.0 6.0 -1.2 3.1 — .6 4.8 3.1 34.5 43.8 27.3 34.0 48.5 32.6 41.3 34.7 20.4 18.8 19.6 27.3 16.1 23.7 17.7 25.7 45.0 37.2 52.9 38.6 35.2 43.6 40.9 100.0 100.0 100.0 100.0 100.0 100.0 41.6 38.5 50.8 36.3 32.5 3.3 -1.3 2.1 2.2 2.7 00 CD'S MATURING IN ALL DISTRICTS I I MEMORANDUM: FEBRUARY-MAY (3—6 MONTHS) BEYOND MAY (OVER 6 M O N T H S ) 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 TOTALS DUE TO ROUNDING. i
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