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•»' «nr X
January 18, 1982
L. 4. 1 (731)
NOT FOR PUBLICATION
&
A'
\x
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
December 30, 1981
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 DECEMBER 30, 1981
CD'S MATURING IN
1981 DECEMBER 31
i
I
I
I
I
|
1
(AMOUNTS IN MILLIONS OF D O L L A R
A M 0 U N I
TOTAL
1
1
1
i
OUTSIDE
1
NEH YOBK CITY 1
1
0 U T S T A N D I N G
1
1
1
1
1 NEH YOBK CITY 1
1
1
1
|
1
1
OUTSIDE
|
NEW YOBK CITY |
1
SALES SINCE PREVIOUS PEBIOD
TOTAL
,
1
1
I
1
| NEB YO£K CITY 1
1
1
, ,
3,400
1,015
2,385
53,169
13,088
40,081
23,875
4,847
19,027
FEBRUARY
24,139
6,862
17,277
9,139
2,762
6,376
MARCH
16,924
4,191
12,733
APRIL-JUNE
(4-6 MONTHS)
23,914
7,709
16,205
JULY-DECEMBER
(7-12 MONTHS)
3,973
571
3,401
OVER 12 MONTHS
5,438
592
4,847
130,956
34,028
96,929
52,068
13,931
38,137
40,838
11,900
28,938
17,620
6,060
11,561
BEYOND JUNE
(OVER 6 MONTHS)
9,411
1,163
8,248
1,435
262
1,173
MARCH 15
TAX MATURITY
1,910
322
1,588
2.4
2.2
2.5
2.7
3.2
2.6
1982 JANUARY
TOTAL
19,055 2/
6,322 2/
12,733 2/
MEMORANDUM:
MARCH-JUNE
(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 DECEMBER 30, 1981
I
I
CD'S MATURING IN
(PERCENTAGE DISTBIBLTIOM)
A M O U N T
O U T S T A N D I N G
SALES SINCE PREVIOUS PERIOD
1-
TOTAL
OUTSIDE
I NEW YORK CITY | NEW YORK CITY
JL
TOTAL
I
I
_L
-L
I
I
|
OUTSIDE
J
I NEW YORK CITY | NEW YORK CITY |
2.6
3.0
2.5
40.6
38.5
41.4
45.9
34.8
49.9
FEBRUARY
18.4
20.2
17.8
17.6
19.8
16.7
MARCH
12.9
12.3
<3.1
APRIL-JUNE
(4-6 MONTHS)
18.3
22.7
16.7
JULY-DECEMBER
(7-12 MONTHS)
3.0
1.7
3.5
36.6 2/
45.4 2/
33.4 2/
OVER 12 MONTHS
4.2
1.7
5.0
100.0
100.0
100.0
100.0
100.0
100.0
31.2
35.0
29.9
33.8
43.5
30.3
BEYOND JUNE
{OVER 6 MONTHS)
7.2
3.4
8.5
2.8
1.9
3.1
MARCH 15
TAX MATURITY
1.5
1.0
1.6
1981 DECEMBER 31
1982 JANUARY
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.
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 DECEMBER 30, 1981
1
1
CD'S MATURING IN
1981 DECEMBER 31
J
1
1
i
1
I
(AMOUNTS IN MILLIONS OF DOLLARS)
A M 0 U NT
TOTAL
I
1
1
i
1
1
0 U T S T A N D I N G
BANK SIZE
I
$1--5 BILLION 1
1
|
(ASSETS)
$5 BILLION
AND OVER
i
1
1
1
1
|
|
1
SALES SINCE PREVIOUS PERIOD
TOTAL
i
I
1
J
1
i
BANK SIZE
1
$1-5 BILLION |
I
1
(ASSETS)
$5 BILLION
AND OVER
3,400
1,578
1,822
53,169
23,075
30,094
23,875
12,279
11,596
FEBRUARY
24,139
8,588
15,551
9,139
3,961
5,177
MARCH
16,924
5,193
11,731
APRIL-JUNE
(4-6 MONTHS)
23,914
6,704
17,210
JULY-DECEMBER
(7-12 MONTHS)
3,973
1,243
2,730
OVER 12 MONTHS
5,438
1,181
4,257
'.30,956
47,562
83,394
52,068
21,113
30,955
40,838
11,897
28,941
17,620
4,484
13,136
BEYOND JUNE
(OVER 6 MONTHS)
9,411
2,424
6,986
1,435
389
1,046
MARCH 15
TAX MATURITY
1,910
597
1,313
2.4
2.0
2.7
2.7
2.2
3.2
1982 JANUARY
TOTAL
19,055 2/
4,873 2/
14,182 2/
MEMORANDUM;
MARCH-JUNE
(3-6 MONTHS)
AVERAGE MATURITY
(IN MONTHS) 3/
1/
2/
3/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED 3Y BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977.
SALES iil'IH 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.
1
J
1
|
1
1
j
J
1
TABLE 4
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE XIHE CERTIFICATES Of DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF DECEMBER 30, 1981
/PERCENTAGE DISTRIBUTION)
A M O U N T
CD'S. MATURING IN
O U T S T A N D I N G
BANK SIZE
TOTAL
SALES SINCE PREVIOUS PERIOD
(ASSETS)
I
$1-5 BILLION |
I
1.
$5 BILLION
AND OVER
BANK SIZE
TOTAL
(ASSETS)
I
$1-5 BILLION |
I
1
$5 BILLION
AND OVER
2.6
3.3
•2.2
40.6
48.5
36.1
45.9
58.2
37.5
FEBRUARY
18.4
18.1
18.7
17.6
18.8
16.7
MARCH
12.9
10.9
14.1
APRIL-JUNE
, v (4-6 MONTHS)
18.3
14.1
20.6
JULY-DECEMBER
(7-12 MONTHS)
3.0
2.6
3.3
36.6 2/
23.1 2/
45.8 2/
OVER.. 12 MONTHS
4.2
2.5
5.1
100.0
100.0
100.0
100.0
100.0
100.0
31.2
25.0
34.7
33.8
21.2
42.4
BEYOND JUNE
(OVER 6 MONTHS)
7.2
5.1
8.4
2.8
1.8
3.4
MARCH 15
1.5
1.3
1.6
1981 DECEMBER 31
1982 JANUARY
MEMORANDUM:
;MARC:tinJUNE
(3-6 MONTHS)
TAX MATURITY
1/
2/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSE1S OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.
I
I
.1
I
|
|
L
TABLE 5
MATURITY DISTRIBUTION Of OUTSTANDING NEGOTIABLE TIME CERTIFICATES Of DEPOSIT
AT LARGE COMMERCIAL BANKS 1/
BY FEDERAL RESERVE DISTRICT
AS OF DECEMBER 30, 1981
CD'S MATURING IN
ALL
DISTRICTS
I
I
I
BOSTON|
I
L
1981 DECEMBER 31
(AMOUNTS IN MILLIONS OF DOLLARS)
I
I
I
I
I
I
—I
I
1
i
J
I
1.
I
i
I
I
I
NEW | PHILA-J CLEVE-J RICH- |
|
YORK |DELPHIAI LAND 1 MOND |ATLANTA|CHICAGO
I
1
I
I
i
I
I
I
I
1
L
L
L_
i
ST. | MINNE-I KANSASI
1 SAN
LOUIS | APOLISI CITY | DAX1ASI FRAN| CISCO
1
i
I
-
3,400
167
1,160
47
363
84
100
380
31
9
62
356
641
53,169
3,230
14,795
1,170
2,914
2,092
1,076
7,977
466
958
1,686
5,249
11,555
FEBRUARY
24,139
1,052
7,580
611
772
847
353
4,064
236
384
4 74
1,699
6,067
MARCH
16,924
466
4,688
342
848
451
261
3,109
141
157
183
1,121
5,156
APRIL-JUNE
(4-6 MONTHS)
23,914
352
8,195
360
1,499
455
267
2,692
122
406
196
1,923
7,448
JULY-DECEMBER
(7-12 MONTHS)
3,973
37
683
98
129
77
71
549
90
110
61
227
1,842
OVER 12 MONTHS
5,438
27
643
79
334
31
25
361
218
192
26
278
3,226
130,956
5,332
37,744
2,707
6,859
4,038
2,154
19,131
1,304
2,215
2,688
10,853
35,934
40,838
818
12,883
702
2,347
906
529
5,801
263
562
379
3,044
12,604
BEYOND JUNE
(OVER 6 MONTHS)
9,411
64
1,326
177
462
107
97
909
308
302
87
505
5,067
MARCH 15
TAX MATURITY
1,910
119
383
61
75
35
22
379
12
18
7
117
681
AVERAGE MATURITY
(IN MONTHS) 2/
2.4
1.3
2.2
2.2
2.5
1.7
1.8
2.1
3.9
3.0
1.4
2.1
3.3
NUMBER OF BANKS
126
9
19
7
11
13
9
15
5
3
5
8
22
1982 JANUARY
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
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS 1/
BY FEDERAL 6ESERVE DISTRICT
AS OF DECEMBER 30, 1981
/PERCENTAGE DISTRIBUTION1
CD'S MATURING IN
1981 DECEMBER 31
ALL
DISTRICTS
BOSTON]
i
i
i
i
r
i
i
i
I
I
I
i
I
I
I
I
I
i
i
.1
I
1
1
1
I
L
J
J
1
NEW | PHILA-| CLEVE-I RICH- |
| SAN |
| ST. | MINNE-I KANSAS!
YORK |DELPHIAJ LAND 1 MOND |ATLANTA CHICAGO! LOUIS | APOLISI CITY J DALLASJ FRAN- i
I
I
I
1
< CISCO |
I
1
I
I
2.6
3.1
3.1
1.7
5.3
2.1
4.6
2.0
2.4
.4
2.3
3.3
1.8
40.6
60.6
39.2
43.2
42.5
51.8
50.0
41.7
35.7
43.2
62.7
48.4
32.2
FEBBUARY
18.4
19.7
20.1
22.6
11.3
21.0
16.4
21.2
18. 1
17.4
17.6
15.7
16.9
MARCH
12.9
8.7
12.4
12.6
12.4
11.2
12.1
16.3
10.8
7.1
6.8
10.3
14.4
APBIL-JUNE
(4-6 MONTHS)
18.3
6.6
21.7
13.3
21.9
11.3
12.4
14.1
9.3
18.3
7.3
17.7
20.7
JULY-DECEMBER
(7-12 MONTHS)
3- 0
.7
1.8
3.6
1.9
1.9
3.3
2.9
6.9
5.0
2.3
2. 1
5.1
OVER 12 MONTHS
4.2
.5
1.7
2.9
4.9
.8
1.2
1.9
16.7
8.7
1.0
2.6
9.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
31.2
15.3
34.1
25.9
34.2
22.5
24.5
30.3
20.2
25.4
14.1
28. 1
BEYOND JUNE
(OVER 6 MONTHS)
7.2
1.2
3.5
6.5
6.7
2.7
4.5
4.8
23.6
13.6
3.2
4.7
14. 1
MARCH 15
TAX MATURITY
1.5
2.2
1.0
2.3
1.1
.9
1.0
2.0
.9
.8
.3
1.1
1.9
1982 JANUARY
TOTAL
MEMORANDUM;
MARCH-JUNE
(3-6 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.
35.1
TABLE 7
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT
AS OF DECEMBER 30, 1981
(AMOUNTS IN MILLIONS OF DOLLARS)
ALL
DISTRICTS
1
CD S MATURING IN
1982 JANUARY
BOSTON
1
1
I
i
I
I
1
NEW 1 PHILA-j CLEVE-j RICHYORK |DELPHIA J LAND j MOND
1
i_
I
i
i
1
I
1
1
J
I
L
J
i
i
I
I
.1
1
J ST. j MINNE-j KANSAS!
J SAN j
ATLANTA CHICAGO! LOUIS | APOLIS| CITY | DALLAS| FRAN- |
I
I
I
1
I CISCO I
1
23,875
1,788
5,673
566
1,194
1,102
615
2,959
188
316
1,188
3, 263
5,023
9,139
722
3,016
359
233
391
140
1,247
174
143
282
789
1,643
MARCH OR LATER
19,055
330
6,730
244
1,401
314
213
2,868
195
169
-36
1,126
5,501
TOTAL
52,068
2,839
15,419
1,170
2,828
1,807
967
7,074
557
628
1,434
5,179
12,167
17,620
329
6,452
240
1,380
307
178
2,656
121
85
10
1,067
4,794
1,435
0
278
4
21
7
34
211
74
84
-47
59
707
1.7
3.0
2.1
3.0
1.9
2.2
2.9
3.4
3.0
.9
2.1
FEBRUARY
MARCH-JUNE
(3-6 MONTHS)
BEYOND JUNE
(OVER 6 MONTHS)
AVEBAGE MATURITY
(IN MONTHS) 3/
1/
2/
3/
2/
to
MEMORANDUM:
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MO-RE 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 THAI ESTIMATES SALES FOB 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 REPOfiTERS
RATHER THAN FOR THE INDIVIDUAL DISTRICTS.
WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 1 TOTAL' SALFS COLUMN IN TAB7E 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 30, 1981
CD'S MATURING IN
1982 JANUARY
ALL
DISTRICTS
(PERCENTAGE DISTRIBUTION!
i
|
|
| BOSTON
I
J..
I
I
I
i
I
I
I
I
I
.1
I
i
I
J
1
1.
NEW | PHILA-J CLEVE-I RICH- |
YORK |DELPHIAI LAND | MOND |ATLANTAjCHICAGO
I
I
I
I
I
I
I
I
1
I
J
L
L
L
L
ST. | M2NNE-I KANSAS|
J SAN j
LOUIS J APOLIS| CITY | DALLAS# FRAN- |
I
I
I
I CISCO J
45.9
63.0
36.8
48.4
42.2
61.0
63.6
41.8
33.7
50.3
82.9
63.0
41.3
FEBRUARY
17.6
25.4
19.6
30.7
8.2
21.6
14.5
17.6
31.3
22.8
19.7
15.2
13.5
MARCH OR LATER
36.6
11.6
43.7
20.9
49.5
17.4
22.0
40.5
35.0
27.0
-2.6
21.8
45.2
TOTAL
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
MARCH-JUNE
(3-6 MONTHS)
33.8
11.6
41.8
20.5
48.8
17.0
18.4
37.6
21.7
13.6
.7
20.6
39.4
BEYOND JUNE
(OVER 6 MONTHS)
. 2-8
.0
1.8
.4
.7
.4
3.6
3.0
13.3
13.4
-3.3
1.1
5.8
MEMORANDUM;
1/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR HORE AS OF DECEMBER 31, 1977.
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
@FedFRASER