The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
L.4.1.(731) NOT FOR PUBLICATION February 19, 1980 SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of January 30, 1980 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF JANUARY 30, 1980 1 1 1 AJJ—OXIih A.UU.U—UUkkOUtU A M 0 U N T CD'S MATURING IN I 1 TOTAL \ O U T S T A N D I N G 1 1 I I I NEW YORK CITY I 1 1 I 1 1 OUTSIDE | NEW YORK CITY I 1 1 I 1 1 OUTSIDE I NEW YORK CITY | 1 SALES SINCE PREVIOUS PERIOD 1 1 I | NEW YORK CITY I _l ... -1 [ TOTAL 1,172 205 967 FEBRUARY 23,769 5,139 18,630 9,624 2,007 7,617 MARCH 16,932 3,714 13,218 4,367 909 3,457 APRIL 13,048 2,698 10,350 MAY-JULY (4-6 MONTHS) 22,959 6,692 16,268 AUGUST—JANUARY (7-12 MONTHS) 5,202 939 4,263 OVER 12 MONTHS 3,141 929 2,212 86,223 20,316 36,007 BEYOND JULY (OVER 6 MONTHS) MARCH 17 TAX MATURITY 1980 JANUARY 31 TOTAL 16,643 2/ 4,781 2/ 11,862 2/ 65,907 30,633 7,697 22,936 9,390 26,617 14,565 4,355 10,210 8,343 1,868 6,475 2,078 426 1,652 1,784 569 1,214 3.0 3.2 3.0 3.6 3.9 3.5 MEMORANDUM: APRIL-JULY (3-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 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. SALES WITH MATURITIES BEYOND SECOND MONTH. FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE AVAILABLE ON REQUEST FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF JANUARY 30, 1980 (PERCENTAGE DISTRIBUTION) A M O U N T O U T S T A N D I N G I I SALES SINCE PREVIOUS PERIOD JL CD'S MATURING IN TOTAL 1980 JANUARY 31 1.3 I I OUTSIDE I NEW YORK CITY | NEW YORK CITY L I 1.0 TOTAL I I OUTSIDE | I NEW YORK CITY | NEW YORK CITY | ± _L 1.4 FEBRUARY 27.5 25.3 28.2 31.4 26.0 33.2 MARCH 19.6 18.2 20.0 14.2 11.8 15.0 APRIL 15.1 13.2 15.7 MAY-JULY (4-6 MONTHS) 26.6 32.9 24.6 6.0 4.6 6.4 54.3 2/ 62.1 2/ 51.7 2/ 3.6 4.5 3.3 100.0 100.0 100.0 100.0 100.0 100.0 41.7 46.2 40.3 47.5 56.5 44. 5 BEYOND JULY (OVER 6 MONTHS) 9.6 9.2 9.8 6.7 5.5 7.2 MARCH 17 2.0 2.8 1.8 AUGUST-JANUARY (7-12 MONTHS) 12 MONTHS OVER TOTAL MEMORANDUM: APRIL-JULY (3-6 MONTHS) IM-dAIUMI* 1/ 2/ 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. SALES WITH MATURITIES BEYOND SECOND MONTH. TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF JANUARY 30, I960 (AMOUNTS IN MILL1QNS_0£_QQLLA&SJ A M O U N T O U T S T A N D I N G BANK~SIZE CD'S MATURING IN TOTAL $1-5 BILLION I I J SALES SINCE PREVIOUS PERIOD I TASSETS) $5 BILLION AND OVER BANK SIZE I~ 1 I I TOTAL (ASSETS) i $1-5 BILLION I I J 1- $5 BILLION AND OVER 1,17 2 614 557 FEBRUARY 23,769 11,445 12,325 9,624 5,517 4, 106 MARCH 16,932 7,477 9,455 4,367 2,112 2,254 APRIL 13,048 6,291 6,756 MAY-JULY (4-6 MONTHS) 22,959 8,263 14,696 AUGUST-JANUARY (7-12 MONTHS) 5,202 2,078 3,124 OVER 12 MONTHS 3,141 595 2,546 86,223 36,763 49,460 30,633 13,746 16,887 36,007 14,555 21,453 14,565 5,369 9,196 BEYOND JULY (OVER 6 MONTHS) 8,343 2,673 5,670 2,078 748 1,330 MARCH 17 TAX MATURITY 1,784 670 1,114 3.0 2.6 3+3 3,6 3.1 4.1 1980 JANUARY 31 TOTAL 16,643 2/ 6,117 2/ 10,526 2/ MEMORANDUM: APRIL-JULY (3-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 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. 2/ SALES WITH MATURITIES BEYOND SECOND MONTH. 3/ FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE AVAILABLE ON REQUEST FROM T H E BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. http://fraser.stlouisfed.org/ 1/ Federal Reserve Bank of St. Louis I _1 ! I I 1 TABLE 4 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF JANUARY 30, 1980 CD'S MATURING IN 1980 JANUARY 31 1 1 1_ 1 1 1 1 1 1 (PERCENTAGE DISTRIBUTION* A M O U N T TOTAL O U T S T A N D I N G (ASSETS) BANK SIZE 1 1_ 1 1 | $1-5 BILLION I $5 BILLION AND OVER 1 1 1 1 1 | 1 I 1 1 | | 1 SALES SINCE PREVIOUS PERIOD TOTAL I 1 1 | 1 1 BANK SIZE 1 $1-5 BILLION I I 1 (ASSETS) $5 BILLION AND OVER 1.3 1.6 MSetiARY £9,5 23,1 APRIL 15.1 17.1 13.6 MAY-JULY (4-6 MONTHS) 26.6 22*4 29*7 6.0 5.6 6.3 3.6 1.6 5.1 100.0 100.0 100.0 100.0 100.0 100.0 41.7 39.5 43.3 47.5 39.0 54.4 3EYOND JULY ( O V E R 6 MONTHS) 9.6 7.2 11.4 6.7 5.4 7.8 4ARCH 17 .TAX MAIU&1IL- 2.0 1.8 2.2 AUGUST-JANUARY (7-12 MONTHS) 12 MONTHS OVER TOTAL 1.1 24.ft Me3 23.3 54.3 2/ 44.5 2/ 62.3 2/ MEMORANDUM: APRIL-JULY (3-6 MONTHS) 1/ 2/ 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. SALES WITH MATURITIES BEYOND SECOND MONTH. 1 1 | 1 J 1 1 1 1 TABLE $ MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF JANUARY 30, 1980 I AMOUNTS IN MILLIONS OF n m i A a s i j CD'S MATURING IN I BOSTON I J 1980 JANUARY 31 I I I I I I I I ! I I | I NEW | PHILA-| CLEVE-I RICH- | I ST. | MINNE-I KANSAS I | SAN I YORK |DELPHIA| LAND | MONO I ATLANTA CHICAGO) LOUIS | APOLISI CITY | DALLASI FRAN- I CISCO I i 1 ! 1 j I 1 1 ! L 242 50 86 73 30 109 6 9 28 132 343 1,172 64 FEBRUARY 23,76* 1,243 6,262 993 1,592 1,075 722 3,618 203 442 578 1,710 5,331 MARCH 16,932 722 4,406 573 966 766 408 3,142 197 409 283 1,381 3,680 APRIL 13,048 575 3,233 398 842 642 286 2,548 149 255 213 1,276 2,632 MAY-JULY 14-6 MONTHS1 22,959 786 7,249 663 1,251 783 466 2,786 136 275 228 1,954 6,381 AUGUST-JANUARY 17-12 MONTHS 1 5,202 89 1,058 146 848 175 190 717 19 17 53 552 1,337 O V E * 12 MONTHS 3,141 124 1,003 110 330 31 42 308 3 12 19 130 1,029 86,223 3,603 23,454 2,934 5,915 3,544 2,145 13,229 713 1,419 1,400 7,135 20,733 36,007 1,362 10,482 1,061 2,093 1,425 753 5,334 285 530 440 3,230 9,013 BEYOND JULY COVER 6 MONTHS) 8,343 213 2,061 256 1,178 205 232 1,026 22 29 71 682 2,366 MARCH 17 TAX MATURITY 1,784 93 637 31 57 72 28 285 19 40 42 124 356 AVERAGE MATURITY CIN MONTHS) 2/ 3.0 2.5 3.1 2.8 3.7 2.5 2.8 2.7 2.3 2.2 2.2 3.0 3.3 NUMBER OF BANKS 126 9 19 7 10 13 10 14 5 3 5 8 23 TOTAL MEMORANDUM: APRIL-JULY 13-6 MONTHS! 2/ NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF SI BILLION OR MORE AS OF DECEMBER 31, 1977. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR •TOTAL* OUTSTANDINGS COLUMN IN TABLE 1. f TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF JANUARY 30, 1980 I PERCENTAGE DISTRIBUTION* CD'S MATURING IN 01ST RICTS * I BOSTON) ! I I I I i I I . NEW | PHILA-| CLEVE-I RICH- | I LAND | MONO (ATLANTA#CHICAGO YORK IDELPHIA) 1 1980 JANUARY 31 I I _i I I I I ! ST. I M1NNE-I KANSAS| | SAN LOUIS I APOLISi CITY | DALLAS| FRANI I I I CISCO 1 1 1 I 1.3 1.7 1.0 1.7 1.4 2.0 1.4 .8 .9 .6 1 .9 1.8 FEBRUARY 1.6 27.5 34.4 26.7 33.8 26.9 30.3 33.6 27.3 28.4 31.1 41.2 MARCH 23.9 25.7 19.6 20.0 18.7 19.5 16.3 21.6 19.0 23.7 27.6 28.8 20.2 19.3 APRIL 17.7 15.1 15.9 13.7 13.5 14.2 18.1 13.3 19.2 20.8 17.9 15.1 17.8 MAY-JULY <4-6 MONTHS) 12.6 26.6 21.8 30.9 22.6 21.1 22.1 21.7 21.0 19.1 19.3 16.2 27.3 30.7 AUGUST-JANUARY (7-12 MONTHS) 6.0 2.4 4;, 5 4.9 14.3 4.9 8.8 5.4 2.7 1.2 3.7 7.7 6.4 OVER 12 MONTHS 3.6 3.4 4.2 3.7 5.5 .8 1.9 2.3 .4 .8 1.3 1.8 4.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 41.7 37.7 44.6 36.1 35.3 40.2 35.0 40.3 39.9 37.3 31.4 45.2 43.4 BEYOND JULY (OVER 6 MONTHS) 9.6 5.9 8.7 8.7 19.9 5.8 10.8 7.7 3.1 2.0 5.1 9.5 11.4 MARCH 17 TAX MATURITY 2.0 2.5 2.7 1.0 .9 2.0 1.2 2.1 2.7 2.7 2.9 1.7 1.7 TOTAL MEMORANDUM: APRIL-JULY <3-6 MONTHS) " K m ! s s s s r ™ , e , s s u m « »"» TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF JANUARY 30, 1980 -1AMQUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS CO'S MATURING IN BOSTON I I I I i I I L I 1 I 1 NEW | PHI LA-1 CLEVE-1 RICHYORK IDELPHIAI LAND J MONO ATLANTA CHICAGO I I I I I I I I J J L L ST. | MINNE-i KANSAS! | SAN LOUIS I APOLISI CITY | DALLAS I FRANI I I I CISCO FEBRUARY 9,624 591 2,531 514 708 479 272 1,654 73 175 370 820 1,436 MARCH 4,367 224 1,085 163 201 224 110 1,201 80 37 132 316 591 APRIL OR LATER 16,643 485 5,194 384 915 592 321 2,737 140 253 225 1,212 4,185 TOTAL 30,633 1,300 8,810 1,062 1,825 1,295 703 5,592 293 466 727 2,348 6,212 14,565 479 4,748 349 504 534 255 2, 542 133 250 185 1,017 3,568 2,078 6 446 34 411 58 66 195 7 4 40 195 617 3.6 2.6 3.6 2.7 4.2 3.2 3.4 3.3 3.2 3.2 2.7 3.5 4.2 MEMORANDUM: APRIL-JULY (3-6 MONTHS) BEYOND JULY (OVER 6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 2/ 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. NEGATIVE VALUES, FOR SOME DISTRICTS, SOMETIMES RESULT FROM THE PROCEDURE THAT ESTIMATES SALES FOR THE 7TH MONTH OF THE TOTAL OF 7-12 MONTH MATURITIES OF THE PREVIOUS SURVEY. THESE ESTIMATES ARE BASED ON A RATIO OF THE 7TH MONTH TO THE TOTAL OF 7-12 MONTHS FOR ALL REPORTERS RATHER THAN FOR THE INDIVIDUAL DISTRICTS. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL* SALES COLUMN IN TABLE 1. TABLE 8 SALES ^NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF JANUARY 30, 1980 •l££&££fclIAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON I I i NEW | PHILA-| CLEVE-| RICHYORK |DELPHIAl LAND | MONO L ATLANTA CHICAGO i I I ! I I ST. I MINNE-J KANSAS I j SAN LOUIS I APOLISI CITY | DALLAS I FRANI I I I CISCO J 1 J J FEBRUARY 31.4 45.4 28.7 48.4 38.8 36.9 38.6 29.5 24.7 37.5 MARCH 50.9 34.9 14.2 23.1 17.2 12.3 15.3 11.0 17.3 15.6 21.4 27.4 8.0 APRIL OR LATER 18.1 13.4 54.3 9.5 37.3 58.9 36.1 50.1 45.7 45.7 48.9 47.7 54.4 TOTAL 30.9 51.6 100.0 67.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 47.5 36.8 53.8 32.9 27.6 41.2 36.3 45.4 45.5 53.5 25.3 43.3 57.4 6.7 .4 5.0 3.2 22.5 4.4 9.3 3.4 2.2 5.5 8.2 9.9 MEMORANDUM: APRIL-JULY (3-6 MONTHS) BEYOND JULY (OVER 6 MONTHS) " ffisss ;"cEroT":T» s „™ DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. ,ioo ' oo ° ° « - » •8 «
@FedFRASER