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L.4.1(731) m i FOR PUBLICATION January 15, 1981 , — w \ wit ^ SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of December 31, 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 T I M E CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF DECEMBER 31, 1980 [AMOUNTS IN MILLIONS OF DOLLARS) A M O U N T O U T S T A N D I N G I CD'S MATURING IN | | NEW YORK CITY TOTAL I I | OUTSIDE | NEW YORK CITY I I I ~L I | | I I -1 SALES SINCE PREVIOUS PERIOD TOTAL 1- 1 I J i j | NEW YORK CITY | OUTSID2 | NEW YORK C ITY 0 0 0 42,206 11,506 30,699 19,931 5,343 14,588 FEBRUARY 21,733 5,889 15,844 6,954 1,540 5,415 MARCH 17,457 4,217 13,240 APRIL-JUNE (4-6 MONTHS) 19,892 5,686 14,205 JULY-DECEMBER (7-12 MONTHS) 4,006 718 3,288 OVER 4,603 632 3,971 109,896 28,649 81,248 41,777 10,199 31,579 37,349 9,903 27,446 13,670 3,424 10,246 BEYOND JUNE (OVER 6 MONTHS) 8,609 1,350 7,258 1,223 -107 1,330 MARCH 15 TAX MATURITY 1,573 231 1,343 2.3 2.7 2.7 2.4 1980 DECEMBER 31 1991 JANUARY 12 MONTHS TOTAL 14,893 2/ 3,316 2/ 11,576 MEMORANDUM: MARCH-JUNE (3-6 MONTHS) A V E R A G E MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 2.6 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. 3,8 2/ TABLE 2 MATURITY DISTRTBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF DECEMBER 31, 1980 (PERCENTAGE DISTRIBUTION) I I CD'S MATURING IN A M 0 U N T | SALES SINCE PREVIOUS PERIOD i..... ± I I I I | 0 U T S T A N D I N G TOTAL I I I NEW YORK CITY 1 I OUTSIDE I I NEW YORK CITY I 1 1 \ 1 TOTAL I I | OUTSIDE I | NEW YORK CITY | NEW YORK CITY J .0 .0 .0 38.4 40.2 37.8 47.7 52.4 46.2 FEBRUARY 19.8 20.6 19.5 16.7 15.1 17.2 MARCH 15.9 14.7 16.3 APRIL-JUNE (4-6 MONTHS) 18.1 19.9 17.5 JULY-DECEMBER (7-12 MONTHS) 3.7 2.5 4.1 3 5.7 2 / 32.5 2/ 36.7 2/ OVER 4.2 2.2 4.9 100.0 100.0 100.0 100.0 100.0 100.0 34.0 34.6 33.8 32.7 33.6 32.5 BEYOND JUNE (OVER 6 MONTHS) 7.8 4.7 8.9 2.9 -1.1 4.2 MARCH 15 TAX MATURITY 1.4 .8 1.7 1980 DECEMBER 31 1981 JANUARY 12 MONTHS TOTAL MEMORANDUM: MARCH-JUNE (3-6 MONTHS) 1/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORI ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. 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 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 B A N K S AS OF DECEMBER 31, .....14 I I CD'S M A T U R I N G IN A M O U | 1 0 1 $ 1 - 5 BILLION \ I I 1 SALES S I N C E P R E V I O U S PERIOD 1 I 1 I (ASSETS) BANK SIZE I 1 $5 BILLION A N D OVER TOTAL 1 | $1-5 1 1 I „ , „ BILLION | | , , , I $5 BILLION AND OVER I 0 0 JANUARY 42,206 18,169 24,036 19,931 9,266 10,665 "FEBRUARY 21,733 8,025 13,709 6,954 3,260 3,694 MARCH 17,457 6,534 10,923 APRIL-JUNE (4-6 MONTHS) 19,892 6,670 13,322 4,006 1,149 2,856 5,378 2 / 9,514 2 / 4,603 719 3,884 109,896 41,266 68,630 41,777 37,349 13,204 2 4 | 1 4 5 . 13,670 B E Y O N D JUNE (OVER 6 MONTHS) 8,609 1,868 6,740 MARCH 15 TAX M A T U R I T Y 1,573 JULY-DECEMBER (7-12 MONTHS) OVER 12 MONTHS TOTAL 14,893 2 / 17,905 23,873 5,130 8,540 249 974 MEMORANDUM: MARCH-JUNE (3-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 2-6 ; 1,?23 J 508 , 2.1 ; 1,065 2.8 ,, 2.7 . . - , 2.4 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 $109,000 OR M O R E I S S U E D BY B A N K S WITH DOMESTIC ASSETS O F $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SAL'S WITH M A T U R I T I E S BEYOND SECOND MONTH. 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 MATURITIES ARB A V A I L A B L E ON REQUEST 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 THE F E D E R A L R E S E R V E SYSTEM. | | J 0 1980 DECEMBER 31 | I 1 1 1981 I 1 (ASSETS) BANK SIZE 1 I 1980 U T S T A N D I N G JL_ TOTAL 1/ NUUR JLO AM ClXiiXiJ-V,1M _> y r uwjjuftiwj 1 | 1 N T OF D E P O S I T ;; 3.0 TABLE 4 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 L A R G E C O M M E R C I A L B A N K S AS OF DECEMBER 31, OF D E P O S I T 1/ 1980 [PlRCSNTAGE^ISTRISSIIONl A M 0 U N T O U T B A N K SIZE CD'S M A T U R I N G IN TOTAL 31 S T A N D I .0 $1-5 BILLION .0 r 1 (ASSETS) I | I " T ' $5 BILLION A N U OVER TCTAL 1 B W S I Z Z $1-5 BILLION (ASSETS)" I | I $5 B I L L I O N AND OVER .0 1980 DECEMBER 1981 JANUARY 38.4 44.0 3 £. 0 47.7 51.8 44. 7 FEBRUARY 19.8 19.5 20.0 16,7 18.2 15.5 MARCH 15.9 15.8 15.9 18.1 16.2 19.3 JULY-DECEMBER (7-12 MONTHS) 3.7 2.8 4.2 3 5.7 2 / 30.0 2/ 39.9 OVER 4.2 1.7 5.7 100.0 100.0 100.0 34.0 32.0 35.2 BEYOND JUNE (OVER 6 MONTHS) 7.8 4.5 9.8 M A R C H 15 TAX M A T U R I T Y 1.4 1.2 1.6 APRIL-JUNE (4-6 MONTHS) 12 M O N T H S TOTAL 100.0 run 100.0 100.0 28.7 35.8 MEMORANDUM: MARCH-JUNE (3-6 MONTHS) 1/ 2/ 3 2 t 7 3.9 1.4 ~rrr 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 %N D E N O M I N A T I O N S OF $ 1 0 0 # Q 0 P 0 B MPR* I S S U E D D O M E S T I C A S S E T S OF S1 B I L L I O N OR M O R E AS O F PECEMBJ2R 31, 1977. SALES WITH M A T U R I T I E S BEYOND S E C O N D M O N T H . 1 I a I _1 — — S A L E 3 S I N C E ? F J V I O U S PERIOD N G EY B A N K ? WITH 4. 1 2/ 1 I .1 TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT 31, 1980 AS OF DECEMBER I (AMOUNTS IN MILLIONS OF DOLLARS!., CD'S MATURING IN ALL DISTRICTS I I I I I 1 NEW I PHILA-| CLEVE-I RICHYORK |DELPHIA| LAND | MONO BOSTON I J ATLANTAI CHICAGO I I I I I I I | MINNE-I KANSAS! I S At! | APOLIsj CITY | DALLAS] FRABI ' CISCC ST. LOUIS , • ,o 0 0 0 0 0 0 0 0 0 0 0 0 42,206 2,774 12,922 1,136 2,393 1,633 945 5,606 4 76 930 748 3,437 9,207 FEBRUARY 21,733 965 6,563 482 1,266 663 328 3, 029 202 591 302 1,681 5,661 MARCH 17,457 697 4,775 367 1,271 4 77 319 2,743 142 379 195 1,639 4,453 A PRIL-JUNE (4-6 MONTHS) 19,892 603 6,069 449 1,161 502 299 2,643 143 498 2 82 1,442 5,802 JULY-DECEMBER (7-12 MONTHS) 4,006 52 781 73 155 164 75 849 25 37 89 274 1,433 OVER 4,603 146 716 85 233 41 40 511 3 71 5 213 2,537 109,896 5,237 31,825 2,591 6,479 3,480 2,007 15,381 990 2,506 1,621 8,686 29,093 37,349 1,300 10,844 816 2,432 979 619 5,386 285 876 4 77 3,081 10,255 BEYOND JUNE (OVER 6 MONTHS) 8,609 199 1,496 157 388 206 115 1,360 28 108 94 488 3,970 MARCH 15 TAX MATURITY 1,573 78 271 32 199 59 15 236 14 21 17 112 521 A V E R A G E MATURITY (TN MONTHS) 2/ 2.6 1.8 2.2 2.3 2.4 2,1 2.1 2.6 1.8 2.3 2.1 2.3 3.3 NUMBER OF BANKS 127 9 19 7 11 13 10 15 5 3 5 8 22 1980 DECEMBER 31 1981 JANUARY 12 MONTHS TOTAL MEMORANDUM: MARCH-JUNE (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. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL' OUTSTANDINGS COLUMN IN TABLE 1. TABLE 6 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 L A R G E 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 DECEMBER 31, 1980 ^PERCENTAGE DISTRIBUTION) CD'S M A T U R I N G IN BOSTON I NEW YORK ' l l 1 ! ' 1 ' | PHILA-I CLEVE-I RICH|DELPHIA| L A N D | MONO — J I I I _L 1 1 1. M I N N S - | K A N S A S ! 1 SAY 1 APOLIS! CITY 1 D A L L A S ) F R A N CISCO I ST. I CHICAGO! LOUIS |ATLANTA .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 43.9 36.9 46.9 47.1 48.0 37.1 46.1 31.7 53.0 40.6 39.6 38.4 3 6.5 JANUARY 18.6 19.5 19.1 16.4 20.4 23.6 19.5 20.6 19. 4 18.4 18.6 19.8 19.7 FEBRUARY 14.2 19.6 13.7 15.9 17.8 14.4 15.1 15.3 MARCH 15.0 18.9 13.3 12.0 15.9 17.3 17.9 14.4 14.S 14.4 19.9 19.9 19. 1 16.6 11.5 17.4 18.1 17.2 APRIL-JUNE (4-6 MONTHS) 1.0 2.8 2.4 4.7 3.8 2.5 1.5 3.2 4.9 2.5 5.5 3.7 5.5 JULY-DECEMBER (7-12 MONTHS) 2.8 2.3 3.3 3.6 1.2 2.0 3.3 2.8 .3 4.2 .3 OVER 100.0 100.0 100.0 28.8 35.0 29.4 8.8 2.8 4.3 5.8 1.5 1.4 1980 D E C E M B E R 1981 ALL DISTRICTS — I 31 12 M O N T H S 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 34.0 24.8 34.1 31.5 37.5 28.1 30.8 35.0 B E Y O N D JUNE (OVER 6 MONTHS) 7.8 3.8 4.7 6.1 6.0 5.9 5.7 M A R C H 15 TAX M A T U R I T Y 1.4 1.5 .9 1.2 3.1 1.7 TOTAL MEMORANDUM: MARCH-JUNE (3-6 MONTHS) v KKS 'F .'SSS iTS KJES - .8 - ^ .100.0 8.7 100.0 ,35.5 35.3 5^6 13.6 1 3 1.8 1.0 00000 08 0B ,S IS0BDB s 5 "- " "*"" t i TABLE 7 » - » ! S S " S S . * J S S S . " " " AS OF DECEMBER 31, 1980 "i r i I I 1 1 (AMOUNTS IN MTT.T.TONS OF DOLLARS!, I 1 ALL DISTRICTS CD'S MATURING IN BOSTON 1 1 JL _1 1 I 1 I | I I I SAN | ST. | MINNB-| KANSAS! NEW | PHILA-I CLEVE-1 RICH- I CHICAGO| LOUIS j APOLIsj CITY I DALLAS] FBANYORK |DELPHIA1 LAND | MONO |ATLANTA | I CISCO J. I 1 1 1,365 724 617 2,839 2 57 3,621 500 1,420 6,063 484 1,544 497 19,931 179 498 226 115 1,272 87 634 1,25: 1,829 151 398 313 6,954 810 468 2, 824 158 4,048 384 1,;086 3,737 189 553 396 14,893 240 MARCH OR LATER 2,674 1,418 972 6,935 501 8,922 TOTAL 1,063 3,140 11,629 824 2,495 1,205 41,777 13,670 547 3,882 378 755 422 232 2,228 149 420 172 993 3,493 55 46 8 596 9 -24 17 93 551 2.4 2.6 2.1 3.2 2.5 2.4 2.2 2.7 JANUARY FEBRUARY MEMORANDUM: MARCH-JUNE (3-6 MONTHS) BEYOND JUNE (OVER 6 MONTHS) 2/ -145 1,223 2.7 AVERAGE MATURITY (IN MONTHS) 3/ 2.0 2.3 2.6 « ss=~"""" - IPiiSlfill = s s s s " : : = 3/ ^IGH B TI T NG HA PROCEDSRE S D iS D 5SE P S"S S is«D FOR 'TOTAL' SALES COLUMN IN TABLE 1. 3. 2 TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF DECEMBER 31, 1980 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON 1 I I I I I I J I I I J NEW 1 PHILA-| CLEVE-I RICHYORK |DELPHIA| LAND | MOND I I I 1 .1. I I I V I I | SAN | 1 ST. | MINNB-I KANSAS) ATLANTA|CHICASoj LOUIS | APOLIS| CITY | DALLAS] FRAN| CISCO I I I I I .1 47.7 61.9 52.1 47.1 51.1 51.1 63.5 40.9 51.2 41.2 58.8 45.2 40 .6 FEBBUABY 16.7 16.0 15.7 16.8 18.6 16.0 11.8 18.3 17.3 25.9 18,4 20.2 14.0 MARCH OR LATER 35.7 22.2 32.1 36.1 30.3 33.0 24.7 40.7 31.5 32.9 22-9 34. 6 45.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 32.7 21.9 33.4 35.5 28.3 29.8 23.9 3 2.1 29.8 34.9 20.8 31.6 39.2 2.9 .2 -1.3 .6 2.1 3.3 .8 8.6 1.7 -2.0 2.1 3.0 6.2 1981 JANUARY TOTAL MEMORANDUM: MARCH-JUNE (3-6 MONTHS) BEYOND JUNE (OVER 6 MONTHS) 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.
@FedFRASER