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L.4.1.(731) NOT FOR PUBLICATION January 16, 1980 SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BASKS as of December 26, 1979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 L A R G E C O M M E R C I A L B A N K S AS OF DECEMBER I co-s MATURING IN I " TOTAL 1979 (AMOUNTS fN MILLIONS OF DOLLARS J— A M O U N T | 27-31 , | I 1979 DECEMBER , , , 26, 1/ I O U T S T A N D I N G I i j I | NEW YORK CITY | NEW Y O R K CITY | I ——————————————————————— J J ————————— S A L E S SINCE P R E V I O U S PERIOD ! TOTAL " I NEW YORK CITY i- I" | OUTS.OE ' | NEW YORK C I T Y 1 4,995 1,273 3,721 27,358 6,526 20,832 7,925 1,340 6,536 FEBRUARY 14,146 3,132 11,013 2,864 610 2, 2 5 4 MARCH 12,565 2,804 9,761 APRIL-JUNE (4-6 M O N T H S ) 20,255 4,837 15,418 4,365 739 3,626 3,087 902 2,185 86,771 20,214 66,557 19,218 4,081 15,137 32,820 7,641 25,179 7,564 1,967 5,597 BEYOND J U N E (OVER 6 M O N T H S ) 7,452 1,641 5,812 865 164 701 MARCH 17 TAX M A T U R I T Y 1,298 424 874 2.9 2.9 2.9 3.1 3.5 3.0 1980 J A N U A R Y JULY-DECEMBER (7-12 M O N T H S ) OVER 12 M O N T H S TOTAL 8,429 2/ 2,131 2/ 6,29T MEMORANDUM: MARCH-JUNE (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 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 OY 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 3 1 , 1977. 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 AVERAGE 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 AND S T A T I S T I C S , BOARD OF G O V E R N O R S OF THE FEDERAL RESERVE S Y S T E M . 2/ I I 1 TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES UF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF DECEMBER 26, 1979 1 C D S MATURING IN I I 1- iEfi&LEMIAGE-aiSmaUIJLHtii A M O U N T | NEW YORK CITY TOTAL I I I SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G ,1 I I I OUTSIDE | NEW YORK CITY | TOTAL I , OUTSIDE j NEW YORK CITY J NEW YORK CITY | -r-i 5.7 6.3 5.5 31.5 32.2 31.3 41.2 32.8 43.5 FEBRUARY 16.3 15.5 16.5 14.9 14.9 14.8 MARCH 14.4 13.8 14.6 APRIL-JUNE (4-6 MONTHS) 23.3 23.9 23.1 JULY-DECEMBER (7-12 MONTHS) 5.0 3,6 5.4 43.8 2/ 52.2 2/ 41.6 2/ OVER 12 MONTHS 3.5 4.4 3.2 100.0 100.0 100.0 100.0 100.0 100.0 37.8 37.8 37.8 39.3 48.2 36.9 8.5 8.1 8.7 4.5 4.0 4*6 1.5 2.1 1.3 1979 DECEMBER 27-31 1980 JANUARY TOTAL MEMORANDUMS MARCH-JUNE (3-6 MONTHS) BEYOND JUNE (OVER 6 MONTHS) MARCH 1/ 2/ 17 INCLUDES 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. SALES WITH MATURITIES BEYOND SECOND MONTH. i TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF DECEMBER 26, 1979 LAMflUMIS IN MH.L1QMS-QE-DQLLARS1 A M O U N T CD'S MATURING O U T S T A N D I N G IN BANK SIZE TOTAL 1979 DECEMBER 27-31 | I .J I (ASSETS) I $1-5 BILLION I i $5 BILLION AND OVER SALES SINCE PREVIOUS PERIOD I I .1 | | TOTAL I I I BANK SIZE J (ASSETS) I $1-5 BILLION | I _1_ $5 BILLION AND OVER 2,233 2,762 27,358 11,983 15,375 7,925 3,998 3,928 FEBRUARY 14,146 5,928 8,218 2,864 1 ,415 1,449 MARCH 12,565 5,365 7,201 APRIL-JUNE (4-6 MONTHS) 20,255 8,649 11,606 JULY-DECEMBER 17-12 MONTHS) 4,365 1, 900 2,466 8,429 2/ 3,565 2/ 4,864 2/ OVER 12 MONTHS 3,087 561 2,525 86,771 36,619 50,152 19,218 8,977 10,241 32,820 14,014 18,807 7 F 564 3,210 4,354 BEYOND JUNE (OVER 6 MONTHS) 7,452 2,461 4,991 865 355 511 MARCH 17 TAX MATURITY 1,298 475 823 2.9 2.7 3.0 3.1 2.9 3.4 TOTAL MEMORANDUM: MARCH-JUNE 13-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ JSSES?" "ORE E AS 5 5 T F SALES WITH MATURITIES BEYOND SECOND MONTH. / "0RE , S S U E 0 "" B A W S " T H I I | 1 4,995 1980 JANUARY | TABLE 4 MATURITY D I S T R I B U T I O N OF OUTSTANDING AND SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF DECEMBER 26, 1979 .1 PERCENTAfiE-ttlliaJLaUIlQai A M O U N T CD'S MATURING IN TOTAL O U T S T A N D I N G I 1 i | I BANK SIZE $1-5 BILLION 1 1979 DECEMBER 27-31 1/ I SALES SINCE PREVIOUS PERIOD BANK'SIzi " T A S S E T S T (ASSETS) i j I 1 $5 BILLION AND OVER ~ I $5 BILLION AND OVER | | T j | TOTAL | I 1_ $1-5 BILLION | I 5.7 6.1 5.5 31.5 32.7 30.6 41.2 44.5 FEBRUARY 38.3 16.3 16.1 16.3 14.9 15.7 MARCH 14. I 14.4 14.6 14.3 APRIL-JUNE (4-6 M O N T H S ) 23.3 2 3.6 23.1 JULY-DECEMBER (7-12 MONTHS) 5.0 5.1 4.9 4 3.8 2/ 39.7 2/ 47.5 2/ OVER 3.5 1.5 5.0 100.0 100.0 100.0 100.0 100.0 100.0 37.8 38.2 37.5 3 9.3 35.7 42.5 BEYOND JUNE (OVER 6 M O N T H S ) 8.5 6.7 9.9 4.5 3.9 4.9 MARCH 1.5 1.3 1.6 1980 JANUARY 12 MONTHS TOTAL MEMORANDUM: MARCH-JUNE (3-6 M O N T H S ) 17 IAX-MAIUE1H $ioo " s ? " 2/ SALES WITH M A T U R I T I E S B E Y O N D SECOND MONTH. / I ' o o ° °r ^ ^ ^ ««« TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF DECEMBER 26, 1979 CD'S MATURING IN 1979 DECEMBER 27-31 1 1 1 1 1 | ALL DISTRICTS — — — i 1 1 I 1 | 1 | BOSTON I | 1 1 | S-QE-MLLABSJL 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 NEW | PHI LA-| CLEVE-| RICH- | | MI.NNE-I KANSASI 1 1 ST. SAN 1 YORK |OELPHIAI LAND | MONO |ATLANTA! CHICAGO! LOUIS | APULISI CITY I DALLAS! FRAN1 1 1 1 1 1 1 CISCO j •~ X— - •• i I... — | ] | 4,995 209 1,463 269 359 203 145 949 40 71 79 290 918 27,358 1,212 7,635 1,157 1,490 1,231 632 4, 696 338 496 484 1 ,313 6,175 FEBRUARY 14,146 652 3,731 479 884 596 451 1,964 130 267 2 08 890 3,894 MARCH 12,565 498 3,320 409 765 542 298 1, 941 116 371 151 1,06 5 3,088 APRIL-JUNE (4-6 MONTHS! 20,255 851 5,498 670 1,404 846 454 2,620 147 2 75 247 2,090 5, 154 JULY-DECEMBER 4 7-12 MONTHS) 4,365 114 873 154 678 166 159 631 18 21 34 452 1,069 OVER 12 MONTHS 3,087 124 981 110 273 27 51 372 3 10 7 153 m 86,771 3,660 23,498 3,248 5,853 3,610 2,189 13, 172 79 2 1,511 1,209 6,759 21,270 32,820 1,349 8,818 1,079 2,169 1,388 752 4, 561 263 646 398 3,155 8,243 BEYOND JUNE (OVER 6 MONTHS) 7,452 239 1,851 264 952 192 209 1,003 20 31 40 61 1 2,040 MARCH 17 TAX MATURITY 1,298 48 467 26 31 59 26 165 15 23 33 101 304 AVERAGE MATURITY (IN MONTHS) 2/ 2.9 2.7 2.8 2.7 3.5 2.5 2.8 2.6 2.1 2.2 2.2 3.2 3.1 NUMBER OF BANKS 127 9 19 7 10 13 10 15 5 3 5 8 23 1980 JANUARY TOTAL MEMORANDUM: MARCH-JUNE 13-6 MONTHS 1 " 2/ MWSTIC «!ELS4MES""IU'O£"R « R £ E » S ^ W C S ' J U ' S ' M T " °* " 0 R E , S S U £ ° " 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 TIME 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 D E C E M B E R 2 6 , 1979 CD'S MATURING IN ALL DISTRICTS BOSTONL NEW YORK (P EK CENTAfi£.BlsmaUHQMl. I I I I I I I PHILA-I CLEVE-I RICH|DELPHIA| LAND | MONO I I 1 979 DECEMBER 27-31 I 1 I I I ST. ATL AN T A|CHIC AGO| L O U I S I J. I I I I I I I | MINNE-1 K A N S A S I SAN I APOLISI CITY | DALLAS! FRANI I I I CISCO 1. 5.7 5.7 6.2 8.2 6.1 5.6 6.6 7.2 5.0 4.7 6.5 4.3 4.3 31.5 33. 1 32.4 35.6 25.4 34.1 28.8 35.6 42.6 32.8 40.0 26.8 29.0 FEBRUARY 16.3 17.8 15.8 14.7 15.1 16.5 20.5 I 4.9 16.4 17.6 17.1 13. 1 18.3 MARCH 14.4 13.6 14.1 12.6 13.0 15.0 13.6 14.7 14.7 24.5 12.5 15.7 14.5 APRIL-JUNE (4-6 M O N T H S ) 23.3 23.2 23.4 20.6 23.9 23.4 20.7 19.8 18.5 . 18.I 20.3 30.9 24.2 JULY-DECEMBER <7-12 M O N T H S ) 5.0 3.1 3.7 4.7 11.5 4.6 7.2 4.7 2.2 1.4 2.7 6.6 5.0 OVER 3.5 3.4 4.1 3.3 4.6 .7 2.3 2.8 .3 .6 .5 2.3 4.5 130.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 37.8 36.3 37.5 33.2 37.0 38.4 34.3 34.6 33.2 42 * 7 32.9 46.6 38.7 BEYOND JUNE (OVER 6 M O N T H S ) 8.5 6.5 7.8 8.1 16.2 5.3 9.5 7.6 2.5 2.0 3.3 9.0 9.5 MARCH 17 TAX MATURITY 1.5 1.3 1.9 .8 .5 1.6 1 .2 1.2 1 .8 1 .5 2.7 1.4 1.4 980 JANUARY 12 M O N T H S TOTAL EMORANOUM: MARCH-JUNE (3-6 M O N T H S ) 1/ 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 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, 1977. $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S K L T H TABLE 7 S A L E S OF N E G O T I A B L E T I N E C E R T I F I C A T E S OF D E P O S I T S I N C E 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 F E D E R A L R E S E R V E D I S T R I C T AS OF D E C E M B E R 2 6 , 1979 ALL DISTRICTS G O ' S M A T U R I N G IN (AMOUNTS IN MILL1QUS_QE_DQLLA&S1_ I I I I I I NEW YORK BOSTON | PHI LA-1 CLEVE-I R I C H I DELPH IAI LAND I M O N O I I _L I I | I ST. ATLANTA|CHICAGO| LOUIS 1 I I | MINNE-I K A N S A S ! | SAN I APQLISL C I T Y | DALLASI F R A N I I 1 I CISCO J.. 7,925 342 1,726 331 618 344 189 1,709 54 158 175 623 1,655 FEBRUARY 2,864 160 731 95 148 167 71 450 33 41 68 165 734 M A R C H OR L A T E R 8,429 363 2,413 280 426 377 211 1,292 82 107 85 690 2, 102 19,218 866 4,870 707 1,193 888 470 3,451 170 306 327 1,478 4, 491 7, 564 341 2,268 290 311 333 174 1, 168 74 109 82 608 1,806 865 22 145 —9 115 44 36 124 8 -2 3 83 296 3.1 3.0 3.2 2.6 3.0 3.1 3.3 00 <NI 3.3 2.5 2.3 3.2 3.3 1980 J A N U A R Y TOTAL MEMORANDUM: MARCH-JUNE (3-6 M O N T H S ) BEYOND JUNE (OVER 6 M O N T H S ) AVERAGE MATURITY (IN M O N T H S ) 3/ I/ 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 ISSUED BY B A N K S W I T H 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 3 1 , 1977. 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 R E S U L T 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 THE 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 M O N T H 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 T H E SAME AS T H A T U S E D FOR 'TOTAL' SALES C O L U M N IN T A B L E 1. / TABLE 8 S A L E S OF N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T 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 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 2 6 , 1979 CD'S MATURING IN 1980 J A N U A R Y ALL DISTRICTS NEW YORK BOSTON .l££RL£iiLAG£_mifUaUIlQtLL I 1 1 I I I I I I I I I J I 1 I I I PHILA-I |DELPHIAI I 1 CLEVE-I R I C H LAND I MOND I 1 I I I I 1 I 1 | | | ST. I MINNE-L |ATLANTA I C H I C A G O ! L O U I S I A P O L I S I I i I I 1. 1 KANSAS I I SAN CITY | DALLAS I FRANI CISCO I 41.2 39.5 35.4 46.8 51.8 38.7 40.1 49.5 31.9 51.6 53.3 42.1 36.8 FEBRUARY 14.9 18.4 15.0 13.4 12.4 18.8 15.0 13.0 19.6 13.2 20.6 11.1 16.3 M A R C H OR L A T E R 43.8 41.9 49.5 39.6 35.7 42.4 44.8 37.4 48.4 35.0 25.9 46.7 46.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 39.3 39.3 46.5 40.9 26.0 37.5 37.0 33.8 43.6 35.6 25.0 41.1 40.2 4.5 2.5 2.9 -1.3 9.6 4.9 7.7 3.5 4.7 -•5 .8 5.5 6.5 TOTAL MEMORANDUM: MARCH-JUNE (3-6 M O N T H S ) B E Y O N D JUNE (OVER 6 M O N T H S I 1/ 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 W I T H D O M E S T I C ASSETS OF SI B I L L I O N OR MORE AS'"OF D E C E M B E R 31, 1977. D E T A I L S MAY NOT ADO TO T O T A L S DUE TO R O U N D I N G . I
@FedFRASER