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L.4.1(731)
NOT FOR PUBLICATION

LARGEYDENOMINATION CERTIFICATES OF T DEPOSITS
AT LARGE COMMERCIAL BANKS
AS OF
DECEMBER

BANKING SECTION
DIVISION OF RESEARCH AND STATISTICS
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM



25, 1985

CO

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERICAL BANKS
AS OF DECEMBER 25, 1985

OUTSTANDING

1
CD'S MATURING IN

1985

DECEMBER

1986

AMOUNT
(IN MILLIONS)

JANUARY

26-31

GROSS SALES (ESTIMATED)

PERCENTAGE

4,126.7

AMOUNT
(IN MILLIONS)

PERCENTAGE

8 .3

14,803.8

29 .8

6,961 .5

FEBRUARY

56 .2

4,991.0

10 .1

1,467 .7

MARCH

11 .9

4,444.7

9 .0

1,749, 3

APRIL

14 .1

2,334.5

4 .7

MAY

342, 7

2 .8

1,879.9

3 .8

JUNE

235. 0

1. 9

2,300.9

4 .6

JULY-DECEMBER
(7-12 MONTHS)

5,211.4

10 .5

1,621. 2

13. 1

OVER 12 MONTHS

9,555.8

19, 3

49,648.5

100, 0

12,377. 5

100. 0

TOTAL
AVERAGE MATURITIES
(IN MONTHS)

4.6

NUMBER OF BANKS
REPORTING

39

NOTE,

DOMESTIC A l s S s " F E « 5 E B l u i o N T o l H O R I M " ?

K s s w r a s



1

S s i

S

",°'00° °R " 0 R E

ISSUED

"

» « » « WITH

TABLE 1
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF DECEMBER

25, 1985

(AMOUNTS IN MILLIONS OF DOLLARS)
OUTSTANDINGS
CD 1 MATURING IN

TOTAL

NEW YORK CITY

I
OUTSIDE
NEW YORK CITY

SALES (ESTIMATED)

TOTAL

1 NEW YORK CITY

I
OUTSIDE
|
NEW YORK CITY I
1

4,126.7

849.7

3,277.0

14,803.8

4,442.3

10,361.5

6,961.5

2,059.0

4,902.5

FEBRUARY

4,991.0

1,550.3

3,440.7

1,467.7

689.6

778.1

MARCH

4,444.7

1,399.5

3,045.2

1,749.3

487.6

1,261.7

APRIL

2,334.5

963.2

1,371.2

342.7

181.5

161.3

MAY

1,879.9

291.9

1,587.9

235.0

31.2

203.9

JUNE

2,300.9

669.9

1,631.0

JULY-DECEMBER
(7-12 MONTHS)

5,211.4

1,557.6

3,653.7

1,621.2

361.2

1,260.0

OVER 12 MONTHS

9,555.8

2,218.3

7,337.5

49,648.5

13,942.7

35,705.8

12,377.5

3,810.0

8,567.5

1985

DECEMBER

1986

26-31

JANUARY

TOTAL

AVERAGE MATURITIES
(IN MONTHS)

NUMBER OF BANKS
REPORTING
NOTE:




4.6

4.4

4.8

39

9

30

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
AS OF DECEMBER

25, 1985

(PERCENTAGE DISTRIBUTION)

OUTSTANDINGS
CD' MATURING IN

1985

DECEMBER

1986

TOTAL
26-31

SALES (ESTIMATED)

1
OUTSIDE
1 NEW YORK CITY 1 NEW YORK CITY !
1

TOTAL

| NEW YORK CITY

OUTSIDE
NEW YORK CITY

8.3

6.1

9.2

JANUARY

29.8

31.9

29.0

56.2

54.0

57.2

FEBRUARY

10.1

11.1

9.6

11.9

18.1

9.1

MARCH

9.0

10.0

8.5

14.1

12.8

14.7

APRIL

4.7

6.9

3.8

2.8

4.8

1.9

MAY

3.8

2.1

4.5

1.9

.8

2.4

JUNE

13.1

9.5

14.7

100.0

100.0

100.0

4.6

4.8

4.6

JULY-DECEMBER
(7-12 MONTHS)

10.5

11.2

10.2

OVER 12 MONTHS

19.3

15.9

20.6

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.
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 3
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF DECEMBER

25, 1985

(AMOUNTS IN MILLIONS OF DOLLARS)

|
CD'S MATURING IN

OUTSTANDINGS

TOTAL

CD FUTURES
CONTRACT BANKS

j

OTHER

1
j

SALES (ESTIMATED)

TOTAL

I CD FUTURES
jCONTRACT BANKS
|

I
I

j

OTHER

4,126.7

1,382.4

2,744.3

14,803.8

5,430.1

9,373.7

6,961.5

2,403.8

4,557.7

FEBRUARY

4,991.0

1,563.0

3,428.0

1,467.7

350.6

1,117.2

MARCH

4,444.7

1,966.3

2,478.4

1,749.3

496.0

1,253.3

APRIL

2,334.5

1,024.7

1,309.8

342.7

183.8

158.9

MAY

1,879.9

644.1

1,235.7

235.0

85.5

149.6

JUNE

2,300.9

814.7

1,486.2

JULY-DECEMBER
(7-12 MONTHS)

5,211.4

2,615.9

2,595.5

1,621.2

403.2

1,218.0

OVER 12 MONTHS

9,555.8

4,908.5

4,647.2

49,648.5

20,349.8

29,298.7

12,377.5

3,922.8

8,454.6

1985

DECEMBER

1986

26-31

JANUARY

TOTAL

4.6

AVERAGE MATURITIES
(IN MONTHS)
NUMBER OF BANKS
REPORTING

NOTE:




1
1
1
i

5.4

4.1

39

9

30

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF 4100,000 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.
"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 DECEMBER

25, 1985

(PERCENTAGE DISTRIBUTION)
I
J
CD'S MATURING IN

I
j

OUTSTANDINGS

TOTAL

CD FUTURES
CONTRACT BANKS

OTHER

I
J

SALES (ESTIMATED)

TOTAL

I CD FUTURES
|CONTRACT BANKS

OTHER

8.3

6.8

9.4

JANUARY

29.8

26.7

32.0

56.2

61.3

53.9

FEBRUARY

10.1

7.7

11.7

11.9

8.9

13.2

MARCH

9.0

9.7

8.5

14.1

12.6

14.8

APRIL

4.7

5.0

4.5

2.8

4.7

1.9

MAY

3.8

3.2

4.2

1.9

2.2

1.8

JUNE

4.6

4.0

5.1

JULY-DECEMBER
(7-12 MONTHS)

10.5

12.9

8.9

13.1

10.3

14.4

OVER 12 MONTHS

19.3

24.1

15.9

100.0

100.0

100.0

100.0

100.0

100.0

1985

DECEMBER

1986

TOTAL

NOTE:




26-31

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.
"CD FUTURES CONTRACT BANKS" INCLUDE THOSE WHOSE CD"S ARE CONSIDERED AS PART OF THE DELIVERABLE CD
SUPPLY FOR PURPOSES OF FUTURE TRADING.

TABLE 5
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF DECEMBER

25, 1985

(AMOUNTS IN MILLIONS OF DOLLARS)

ALL
DISTRICTS

CD'S MATURING IN

BOSTON

NEW
YORK

PHILADELPHIA

RICHMOND

CLEVELAND

MINNEAPOLIS

ST.
LOUIS

ATLANTA CHICAGO

KANSAS
CITY

DALLAS

SAN
FRANCISCO

4,127

92

850

24

314

140

30

974

0

0

0

1,036

668

14,804

406

4,442

52

1,078

702

109

2,874

0

0

0

1,982

3,158

FEBRUARY

4,991

73

1,550

14

256

415

45

1,047

0

0

0

656

935

MARCH

4,445

41

1,400

8

122

338

37

775

0

0

0

708

1,014

APRIL

2,334

8

963

2

218

123

22

230

0

0

0

382

387

MAY

1,880

4

292

0

208

105

9

207

0

0

0

519

535

JUNE

2,301

4

670

25

242

85

12

513

0

0

0

339

410

JULY-DECEMBER
(7-12 MONTHS)

5,211

13

1,558

10

471

137

51

466

0

0

0

784

1,722

OVER 12 MONTHS

9,556

36

2,218

220

1,052

349

190

796

0

0

0

1,109

3,585

49,648

676

13,943

355

3,961

2,395

506

7,883

0

0

0

7,514

12,415

1985

DECEMBER

1986

26-31

JANUARY

TOTAL

AVERAGE MATURITIES
(IN MONTHS)

4.6

NUMBER OF BANKS
REPORTING

39

NOTE:




1.7 |

4.4

6.6

5.7

8.8

i
1

9

1

"

1

4

.0

1

4.2

6.0 j

'

5

4

1

.0

3.2

2

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.

4

9

TABLE 6
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF DECEMBER

25, 1985

(PERCENTAGE DISTRIBUTION)

ALL
DISTRICTS

CD'S MATURING IN

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

8.3

13.6

6.1

6.9

7.9

5.8

5.8

12.4

.0

.0

.0

13.8

5.4

JANUARY

29.8

60.1

31.9

14.7

27.2

29.3

21.5

36.5

.0

.0

.0

26.4

25.4

FEBRUARY

10.1

10.8

11.1

3.8

6.5

17.4

8.9

13.3

.0

.0

.0

8.7

7.5

MARCH

9.0

6.1

10.0

2.3

3.1

14.1

7.4

9.8

.0

.0

.0

9.4

8.2

APRIL

4.7

1.2

6.9

.4

5.5

5.1

4.4

2.9

.0

.0

.0

5.1

3.1

MAY

3.8

.6

2.1

.1

5.2

4.4

1.9

2.6

.0

.0

.0

6.9

4.3

JUNE

4.6

.7

4.8

7.1

6.1

3.6

2.4

6.5

.0

.0

.0

4.5

3.3

JULY-DECEMBER
(7-12 MONTHS)

10.5

1.9

11.2

2.7

11.9

5.7

10.2

5.9

.0

.0

.0

10.4

13.9

OVER 12 MONTHS

19.3

5.3

15.9

61.9

26.6

14.6

37.6

10.1

.0

.0

.0

14.8

28.9

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

.0

.0

.0

100.0

100.0

1985

DECEMBER

1986

TOTAL

NOTE.




26-31

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.

J

TABLE 7
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF DECEMBER

25, 1985

(AMOUNTS IN MILLIONS OF DOLLARS)

CD'S MATURING IN

1986

ALL
DISTRICTS

BOSTON

PHILADELPHIA

NEW
YORK

CLEVELAND

ATLANTA CHICAGO

RICHMOND

MINNEAPOLIS

ST.
LOUIS

KANSAS
CITY

DALLAS

SAN
|
FRAN- |
CISCO j

JANUARY

6,961

326

2,059

40

336

258

57

1,502

0

0

0

949

1,435

FEBRUARY

1,468

33

690

1

33

69

6

315

0

0

0

99

223

MARCH

1,749

34

488

3

46

150

21

453

0

0

0

226

330

APRIL

343

0

181

0

16

26

4

24

0

0

0

52

41

MAY

235

1

31

0

54

2

2

67

0

0

0

56

27

1,621

1

361

13

364

94

35

361

0

0

0

304

87

12,377

395

3,810

57

848

597

125

2,722

0

0

0

1,685

2,143

AFTER MAY
TOTAL

NOTEI




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 MONTH
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF DECEMBER

25, 1985

(PERCENTAGE DISTRIBUTION)

CD'S MATURING IN

1986

ALL
DISTRICTS

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

JANUARY

56.2

82.5

54.0

69.9

39.6

43.2

45.5

55.2

.0

.0

.0

56.3

67.0

FEBRUARY

11.9

8.3

18.1

1.5

3.9

11.5

4.6

11.6

.0

.0

.0

5.9

10.4

MARCH

14.1

8.5

12.8

5.2

5.4

25.1

16.9

16.6

.0

.0

.0

13.4

15.4

APRIL

2.8

.1

4.8

.2

1.8

4.3

2.9

.9

.0

.0

.0

3.1

1.9

MAY

1.9

.3

.8

.3

6.4

.3

2.0

2.5

.0

.0

.0

3.3

1.3

13.1

.3

9.5

22.9

42.9

15.7

28.1

13.3

.0

.0

.0

18.1

4.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

.0

.0

.0

100.0

100.0

AFTER MAY
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.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102