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1.4.1(731) NOT FOR PUBLICATION SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS AS OF JANUARY 28, 1987 BANKING SECTION DIVISION OF RESEARCH AND STATISTICS BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERICAL BANKS AS OF JANUARY 28, 1987 OUTSTANDING CD'S MATURING IN 1987 AMOUNT ( I N MILLIONS) | PERCENTAGE GROSS SALES (ESTIMATED) AMOUNT ( I N MILLIONS) PERCENTAGE 2,018.1 4.3 12,335.9 26.2 8,264.4 59.2 MARCH 4,730.0 10.1 1,550.3 11.1 APRIL 3,348.5 7.1 1,861.7 13.3 MAY 1,912.0 4.1 379.8 2.7 JUNE 2,866.1 6.1 198.5 1.4 JULY 1,266.2 2.7 AUGUST-JANUARY ( 7 - 1 2 MONTHS) 5,514.4 11.7 1,715.5 12.3 OVER 12 MONTHS 13,050.6 27.7 47,041.8 100.0 13,970.2 100.0 JANUARY 29-31 FEBRUARY TOTAL AVERAGE MATURITIES ( I N 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. TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF JANUARY 28, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) OUTSTANDINGS CD* MATURING IN 1987 JANUARY 1 29-31 TOTAL SALES (ESTIMATED) 1 OUTSIDE | 1 NEW YORK CITY |I NEW YORK CITY 1 | 1 TOTAL NEW YORK CITY OUTSIDE 1 NEW YORK ( CITY 2,018.1 858.2 1,160.0 12,335.9 3,318.6 9,017.3 8,264.4 1,985.7 6,278.7 MARCH 4,730.0 1,321.4 3,408.6 1,550.3 408.7 1,141.6 APRIL 3,348.5 851.9 2,496.6 1,861.7 540.7 1,321.0 MAY 1,912.0 493.4 1,418.5 379.8 36.1 343.7 JUNE 2,866.1 940.6 1,925.4 198.5 101.8 96.7 JULY 1,266.2 174.6 1,091.6 AUGUST-JANUARY 1 ( 7 - 1 2 MONTHS) 5,514.4 2,275.1 3,239.4 1,715.5 547.6 1,168.0 13,050.6 4,632.0 8,418.6 47,041.8 14,865.8 32,176.0 13,970.2 3,620.6 10,349.7 FEBRUARY OVER 12 MONTHS TOTAL AVERAGE MATURITIES ( I N MONTHS) NUMBER OF BANKS REPORTING NOTE: 1 5.6 6.2 5.4 38 9 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. 5 ! T ? ! i E s E k E i N M ^ E ? H E S5feII«? F sSg;ir»i;g E !2NgKIS EY 6ATES T H , T "ATUREIH THE R E M 6 , N I H G " v s TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF JANUARY 28, 1987 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD1 MATURING IN 1987 JANUARY 1 29-31 TOTAL SALES (ESTIMATED) 1 OUTSIDE NEW YORK CITY I NEW YORK CITY TOTAL | NEW YORK CITY OUTSIDE I NEW YORK(CITY j 4.3 5.8 3.6 FEBRUARY 26.2 22.3 28.0 59.2 54.8 60.7 MARCH 10.1 8.9 10.6 11.1 11.3 11.0 APRIL 7.1 5.7 7.8 13.3 14.9 12.8 MAY 4.1 3.3 4.4 2.7 1.0 3.3 JUNE 6.1 6.3 6.0 1.4 2.8 .9 JULY 2.7 1.2 3.4 AUGUST-JANUARY ( 7 - 1 2 MONTHS) 11.7 15.3 10.1 12.3 15.1 11.3 OVER 12 MONTHS 27.7 31.2 26.2 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL M0TE ' dohbtI! Slfi?IAStME5Iiri§aTgl !8t^H?Fs55;ir'SSEf8N^^EV " "°"E T E S T "AT " " " " E lH ,SSUED THE »v ,,NI<S REM,1N,NC D,vs H,TH TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF JANUARY 28, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) OUTSTANDINGS CD'S MATURING IN 1987 JANUARY TOTAL 29-31 I CD FUTURES CONTRACT BANKS SALES (ESTIMATED) OTHER TOTAL I CD FUTURES |CONTRACT BANKS OTHEIj 2,018.1 836.9 1,181.2 12,335.9 4,349.8 7,986.2 8,264.4 2,926.8 5,337.6 MARCH 4,730.0 1,587.0 3,143.1 1,550.3 520.6 1,029.7 APRIL 3,348.5 1,130.0 2,218.5 1,861.7 771.1 1,090.7 MAY 1,912.0 851.2 1,060.8 379.8 95.6 284.2 JUNE 2,866.1 1,367.1 1,499.0 198.5 100.0 98.5 JULY 1,266.2 331.8 934.4 AUGUST-JANUARY ( 7 - 1 2 MONTHS) 5,514.4 2,708.1 2,806.3 1,715.5 624.1 1,091.4 OVER 12 MONTHS 13,050.6 6,250.8 6,799.7 47,041.8 19,412.7 27,629.2 13,970.2 5,038.2 8,932.0 FEBRUARY TOTAL AVERAGE MATURITIES ( I N MONTHS) NUMBER OF BANKS REPORTING NOTE: 5.6 6.3 5.2 38 9 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. "CD FUTURES CONTRACT BANKS" INCLUDE THOSE WHOSE CD"S ARE CONSIDERED AS PART OF THE DELIVERABLE CD SUPPLY FOR PURPOSES OF FUTURE TRADING. TABLE 4 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF JANUARY 28, 1987 (PERCENTAGE DISTRIBUTION) SALES (ESTIMATED) OUTSTANDINGS CD'S MATURING IN 1987 TOTAL CD FUTURES CONTRACT BANKS OTHER TOTAL CD FUTURES CONTRACT BANKS OTHEI^ 4.3 4.3 4.3 FEBRUARY 26.2 22.4 28.9 59.2 58.1 59.8 MARCH 10.1 8.2 11.4 11.1 10.3 11.5 APRIL 7.1 5.8 8.0 13.3 15.3 12.2 MAY 4.1 4.4 3.8 2.7 1.9 3.2 JUNE 6.1 7.0 5.4 1.4 2.0 1.1 JULY 2.7 1.7 3.4 AUGUST-JANUARY ( 7 - 1 2 MONTHS) 11.7 14.0 10.2 12.3 12.4 12.2 OVER 12 MONTHS 27.7 32.2 24.6 100.0 100.0 100.0 100.0 100.0 JANUARY TOTAL NOTE: 29-31 * 100.0 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. "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 JANUARY 28, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS CD'S MATURING IN 1987 JANUARY 29-31 BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 2,018 132 858 25 81 294 20 211 0 0 0 110 286 12,336 752 3,319 223 622 1,031 85 2,099 0 0 0 1,761 2,444 MARCH 4,730 151 1,321 41 245 752 35 724 0 0 0 511 950 APRIL 3,349 169 852 11 225 434 129 406 0 0 0 354 768 MAY 1,912 2 493 21 151 230 14 270 0 0 0 216 514 JUNE 2,866 7 941 30 200 160 16 696 0 0 0 164 653 JULY 1,266 6 175 11 114 229 11 112 0 0 0 251 357 AUGUST-JANUARY ( 7 - 1 2 MONTHS) 5,514 6 2,275 84 650 282 60 564 0 0 0 403 1,189 OVER 12 MONTHS 13,051 4 4,632 284 3,705 576 121 968 0 0 0 855 1,904 47,042 1,228 14,866 730 5,993 3,990 492 6,051 0 0 0 4,626 9,065 1.1 6.2 6.6 9.4 3.9 5.5 4.2 4.4 5.1 1 9 1 4 4 2 5 4 8 FEBRUARY TOTAL AVERAGE MATURITIES ( I N MONTHS) NUMBER OF BANKS REPORTING NOTE* 1 38 .0 .0 .0 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 6 MATURITY "STJI.UTIOK " "*°=" AS OF JANUARY 28, 1987 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS CD'S MATURING IN 1987 BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 4.3 10.7 5.8 3,5 1.4 7.4 4.1 3.5 .0 .0 .0 2.4 FEBRUARY 26.2 61.2 22.3 30.5 10.4 25.8 17.3 34.7 .0 .0 .0 38.1 27.0 MARCH 10.1 12.3 8.9 5.6 4.1 18.9 7.0 12.0 .0 .0 .0 11.1 10.5 APRIL 7.1 13.8 5.7 1.5 3.8 10.9 26.3 6.7 .0 .0 .0 7.7 8.5 MAY 4.1 .1 3.3 2.9 2.5 5.8 3.0 4.5 .0 .0 .0 4.7 5.7 JUNE 6.1 .6 6.3 4.1 3.3 4.0 3.2 11.5 .0 .0 .0 3.6 7.2 JULY 2.7 .5 1.2 1.5 1.9 5.7 2.3 1.9 .0 .0 .0 5.4 3.9 AUGUST-JANUARY <7-12 MONTHS) 11.7 .5 15.3 11.5 10.9 7.1 12.2 9.3 .0 .0 .0 8.7 13.1 OVER 12 MONTHS 27 .7 .3 31.2 38.9 61.8 14.4 24.7 16.0 .0 .0 .0 18.5 21.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 JANUARY 29-31 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 JANUARY 28, 1987 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN ALL DISTRICTS BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO FEBRUARY 8,264 683 1,986 131 483 357 46 1,516 0 0 0 1,365 1,697 MARCH 1,550 24 409 26 93 93 8 221 0 0 0 244 433 APRIL 1,862 157 541 4 136 174 26 157 0 0 0 164 502 MAY 380 0 36 1 66 138 0 97 0 0 0 3 38 JUNE 198 0 102 3 15 34 1 108 0 0 0 87 22 AFTER JUNE 1,716 2 548 27 315 281 24 162 0 0 0 146 210 TOTAL 13,970 867 3,621 192 1,108 1,077 105 2,262 0 0 0 2,010 2,903 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 JANUARY 28, 1987 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS BOSTON FEBRUARY 59.2 78.8 MARCH 11.1 APRIL CD'S MATURING IN NEW YORK SAN FRANCISCO PHILADELPHIA CLEVELAND RICHMOND 54.8 68.2 43.6 33.2 43.5 67.0 .0 .0 .0 67.9 58.5 2.7 11.3 13.3 8.4 8.6 7.2 9.8 .0 .0 .0 12.1 14.9 13.3 18.2 14.9 2.2 12.2 16.2 25.2 6.9 .0 .0 .0 8.1 17.3 MAY 2.7 .0 1.0 .7 6.0 12.8 .0 4.3 .0 .0 .0 .2 1.3 JUNE 1.4 .0 2.8 1.4 1.4 3.2 .8 4.8 .0 .0 .0 4.4 .8 12.3 .2 15.1 14.1 28.4 26.1 23.2 7.2 .0 .0 .0 7.3 7.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 AFTER JUNE TOTAL NOTE: ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY 1 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. DALLAS
@FedFRASER