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0» KshUbranf ^ R e s e ® SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS BANKING SECTION DIVISION OF RESEARCH AND STATISTICS Digitized forBOARD FRASEROF GOVERNORS OF THE FEDERAL RESERVE SYSTEM NOT FOR PUBLICATION AS OF FEBRUARY 25, 1987 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERICAL BANKS AS OF FEBRUARY 25, 1987 | CD'S MATURING IN 1987 OUTSTANDING AMOUNT (IN MILLIONS) I PERCENTAGE GROSS SALES (ESTIMATED) AMOUNT (IN MILLIONS) PERCENTAGE 1,943.2 4.0 MARCH 12,123.4 25.0 7,393.4 52.8 APRIL 5,361.1 11.0 2,012.6 14.4 MAY 3,834.3 7.9 1,922.6 13.7 JUNE 3,364.6 6.9 501.6 3.6 JULY 1,446.3 3.0 192.0 1.4 AUGUST 1,502.9 3.1 SEPTEMBER-FEBRUARY (7-12 MONTHS) 5,559.0 11.4 1,979.8 14.1 13,456.6 27.7 48,591.4 100.0 14,002.0 100.0 FEBRUARY 26-28 OVER 12 MONTHS TOTAL AVERAGE MATURITIES (IN MONTHS) 5.6 NUMBER OF BANKS REPORTING 38 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. GROSS SALES ESTIMATES REFLECT CHANGES FROM THE PREVIOUS SURVEY TO THE CURRENT SURVEY IN OUTSTANDINGS FOR EACH OF THE FIRST FIVE FULL MONTHS AND FOR OUTSTANDINGS BEYOND THE FIFTH MONTH. CHANGES IN OUTSTANDINGS FOR THE REMAINING DAYS OF THE SURVEY MONTH ARE EXCLUDED FROM TOTAL SALES ESTIMATES. I TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF FEBRUARY 25, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) OUTSTANDINGS CD' MATURING IN 1987 FEBRUARY TOTAL 26-28 NEW YORK CITY SALES (ESTIMATED) OUTSIDE NEW YORK CITY TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 1,943.2 468.6 1,474.6 MARCH 12,123.4 3,393.8 8,729.6 7,393.4 2,072.4 5,321.0 APRIL 5,361.1 1,575.4 3,785.8 2,012.6 723.5 1,289.2 MAY 3,834.3 1,165.2 2,669.1 1,922.6 671.7 1,250.8 JUNE 3,364.6 1,090.5 2,274.1 501.6 149.9 351.7 JULY 1,446.3 211.2 1,235.1 192.0 36.6 155.5 AUGUST 1,502.9 373.7 1,129.2 SEPTEMBER-FEBRUARY (7-12 MONTHS) 5,559.0 2,699.3 2,859.7 1,979.8 1,226.4 753.4 13,456.6 5,060.5 8,396.1 48,591.4 16,038.1 32,553.3 14,002.0 4,880.5 9,121.5 OVER 12 MONTHS TOTAL AVERAGE MATURITIES (IN MONTHS) NUMBER OF BANKS REPORTING NOTE: 5.6 38 6.4 9 > 5.2 29 INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. TOTAL SALES IS UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED. •: TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF FEBRUARY 25, 1987 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD' MATURING IN 1967 FEBRUARY 26-28 I I OUTSIDE NEW YORK CITY | NEW YORK CITY I TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 2.9 4.5 MARCH > O 25.0 21.2 26.8 52.8 42.5 APRIL 58.3 11.0 9.6 11.6 14.4 14.8 14.1 J . MAY 7.9 7.3 8.2 13.7 13.8 JUNE 13.7 6.9 6.8 = 7.6 3.6 JULY 3.1 3.9 3.6 13 3.8 1.4 .7 AUGUST 1.7 3.1 2.3 3.5 SEPTEMBER-FEBRUARY 17-12 MONTHS)' 11.4 16.6 8.8 14.1 25.1 8.3 OVER 12 MONTHS 27.7 31.6 25.8 166.6 106.6 106.0 106.6 166.6 160.6 TOTAL l TOTAL SALES (ESTIMATED) "TE' DOMESTIC SERE^S'OF S K E S " ' ! ! ? ! ' " " ; " O^THE^CALIHDAR^mohth'OF^TME m k l l w r s m l r ' S E ' l S N O R E i " " T E S TH1T " H "n",E » °" ™ 1SSUE E » ,T TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF FEBRUARY 25, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) OUTSTANDINGS CD'S MATURING IN 1987 FEBRUARY 1 1 1 OTHER TOTAL CD FUTURES CONTRACT BANKS OTHER 1,943.2 643.8 1,299.4 MARCH 12,123.4 3,899.5 8,224.0 7,393.4 2,312.5 5,080.9 APRIL 5,361.1 1,598.2 3,762.9 2,012.6 468.2 1,544.4 MAY 3,834.3 1,290.8 2,543.5 1,922.6 439.6 1,483.0 JUNE 3,364.6 1,430.4 1,934.2 501.6 63.3 438.2 JULY 1,446.3 381.9 1,064.3 192.0 50.2 141.9 AUGUST 1,502.9 367.4 1,135.5 SEPTEMBER-FEBRUARY <7-12 MONTHS) 5,559.0 3,100.2 2,458.8 1,979.8 908.0 1,071.8 13,456.6 6,399.4 7,057.1 48,591.4 19,111.6 29,479.8 14,002.0 4,241.8 9,760.2 OVER 12 MONTHS TOTAL AVERAGE MATURITIES (IN MONTHS) NUMBER OF BANKS REPORTING N CD FUTURES CONTRACT BANKS TOTAL 26-28 SALES (ESTIMATED) °TE' 5.6 I jr 38 . - .. 1 1 1 1r • 6.6 5.0 9 . " I DOMESTIC «I°ETS 6 0F%5 E BIU$SN T 01 MORE'AS'SF DECEMBER*3lT'l982?^ ^ SUPPLY^FOR^URPOSES^OF^FUTURE^TRADING'!^^ " H 0 S E CD "S ARE ,Y ™ t »""<* MITH • « « " ! » « « CONSIDERED AS PART OF THE DELIVERABLE CD | :; iu:, „ L TABLE 4 '' . v r" v/-'. .<• - ' - MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS . : ( AS OF FEBRUARY 25, 1987 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD'S MATURING IN 198? TOTAL CD FUTURES CONTRACT BANKS | j OTHER SALES (ESTIMATED) TOTAL CD FUTURES CONTRACT BANKS OTHER 4.0 3.4 4.4 MARCH 25.0 20.4 27.9 52.8 54.5 52.1 APRll 11.0 8.4 12.8 14.4 11.0 15.8 MAY 7.9 6.8 8.6 13.7 10.4 15.2 JUNE 6.9 7.5 6.6 3.6 1.5 4.5 JULY 3.0 2.0 3.6 1.4 1.2 1.5 AUGUST 3.1 1.9 3.9 SEPTEMBER-FEBRUARY (7-12 MONTHS) 11.4 16.2 8.3 14.1 21.4 11.0 OVER 12 MONTHS 27.7 33.9 23.9 100.0 100.0 100.0 100.0 100.0 106.0 FEBRUARY TOTAL NOTE: 26-28 INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF *100,008 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 FEBRUARY 25, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS CD'S MATURING IN 1987 BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 1,943 156 469 12 116 190 16 520 0 0 0 288 176 MARCH 12,123 407 3,394 197 856 1,067 78 2,172 0 0 0 1,448 2,504 APRIL 5,361 295 1,575 30 362 592 137 652 0 0 0 568 1,151 MAY 3,834 16 1,165 23 254 437 35 533 0 0 0 431 940 JUNE 3,365 11 1,091 30 233 356 20 773 0 0 0 181 669 JULY 1,446 6 211 11 120 267 11 205 0 0 0 254 361 AUGUST 1,503 2 374 7 231 273 9 213 0 0 0 175 219 SEPTEMBER-FEBRUARY (7-12 MONTHS) 5,559 5 2,699 81 656 280 56 360 0 0 0 383 1,038 13,457 3 5,060 283 3,660 642 137 952 0 0 0 824 1,896 48,591 902 16,038 674 6,489 4,104 498 6,380 0 0 0 4,553 8,953 4.2 4.3 5.0 FEBRUARY 26-28 OVER 12 MONTHS TOTAL AVERAGE MATURITIES (IN MONTHS) 5.6 1.0 6.4 7.0 8.7 NUMBER OF BANKS REPORTING 38 1 9 1 4 NOTE: 1 5.6 3.8 2 5 .0 .0 .0 4 INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. 4 8 ! TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF FEBRUARY 25, 1987 (PERCENTAGE ®1STRIBUTION) CD'$ n m m m 1987 ALL [ DISTRICTS IN BOSTONI NEW | YORK PHILADELPHIA F CLEVE-I RICHLAND 1 MOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 3.2 8.2 .0 .0 .0 6.3 2.0 26 . 0 15.6 34.1 .0 .0 .0 31.8 28.0 5.6 14.4 27.4 10.2 .0 .0 •0 12.5 12.9 3.4 3.9 10 6 6.9 8.4 .0 .0 .0 9.5 10.5 6.8 4.5 3.6 8.7 4.0 12.1 .0 .0 .0 4.0 7.5 .7 1.3 1.7 1.9 6.5 2.3 3.2 .0 .0 .0 5.6 4.0 3.1 .3 2.3 1.0 3.6 6.7 1.9 3.3 .0 .0 .0 3.8 2.4 SEPTEMBER-FEBRUARY (7-12 MONTHS) 11.4 .6 16.8 12.1 10.1 6.8 11.2 5.6 .0 .0 .0 8.4 11.6 OVER 12 MONTHS 27«7 .3 31.6 42.0 56.4 15.6 27.5 14.9 .0 .0 .0 18.1 21.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 26-28 4.0 17.4 2.9 1.8 1.8 4.6 *0 25.0 45.1 21.2 29.2 13.2 11.0 32.7 9.8 4.4 MAY 7.9 1.8 7.3 JUNE 6.9 1.2 JULY 3.0 AUGUST FEBRUARY MARCH APRIL 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. TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF FEBRUARY 25, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN ALL DISTRICTS BOSTON NEW YORK PHILADELPHIA 1 1 CLEVE-II RICHLAND I j MOND ... , ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY ,| I SAN DALLAS I FRAN1 j CISCO 1 MARCH 7,393 256 2,072 156 611 315 43 1,449 0 0 0 937 1,554 APRIL 2,013 126 723 19 136 157 7 247 0 0 0 215 383 MAY 1,923 15 672 1 104 207 20 263 0 0 0 215 426 JUNE 502 4 150 1 34 196 4 77 0 0 0 17 19 JULY 192 0 37 0 6 38 0 92 0 0 0 3 16 AFTER JULY 1,980 0 1,226 3 192 336 21 8 0 0 0 124 85 TOTAL 14,002 401 4,880 180 1,083 1,249 96 2,135 0 0 0 1,510 2,484 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 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF FEBRUARY 25, 1987 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS BOSTON 52.8 63.9 42.5 86.6 56 .4 25.2 45.0 67.8 .0 .0 144 31,3 14,8 10.3 12.6 12.6 7.6 11.5 .0 13.7 3.7 13.8 8 9.6 16.6 21.0 12.3 JUNE 3.6 .9 3.1 .3 3.1 15.7 4.4 JULY 1.4 .1 .7 .1 .5 3.0 AFTER JULY 14.1 .0 25.1 1.9 17.7 TOTAL 100.0 100.0 100.0 100.0 100.0 CD'S MATURING IN MARCH APRIL :.,r c-s'Bi: MAY NOTE, NEW YORK PHILADELPHIA CLEVELAND DALLAS SAN FRANCISCO .0 62.0 62.6 .0 .0 14.2 15.4 .0 .0 .0 14.2 17.2 3.6 .0 .0 .0 1.2 .8 .0 4.3 .0 .0 .0 .2 .7 26.9 22.0 *4 .0 .0 .0 8.2 3.4 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY i 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.
@FedFRASER