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H
^HAL
K$KKVT BAL-<
N
> KANSAS CITY
fU L 8 0
Research Library
L.4.1(7 31)*
July 16, 1979
NOT FOR PUBLICATION
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of
June 27, 1979
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 JUNE 27, 1979
(AMOUNTS IN MILLIONS OF DOLLARS)
CD'S MATURING IN
1
1
L
I
1
1
1
A M 0 U NT
TOTAL
0 U T S T A
1
1
1 NEW YORK CITY
1
1
1
1
1
1
|
OUTSIDE
1
I NEW YORK CITY I
1
1
1
1
1
1
OUTSIDE
1
NEW YORK CITY I
1
SALES SINCE PREVIOUS PERIOD
N D I N G
TOTAL
1
11
1
I1
II NEW YORK CITY 1
1
1
2,443
407
2,036
JULY
24,406
5,975
18,431
6,887
697
6,190
AUGUST
12,000
2,747
9,253
2,272
269
2,003
9,279
2,263
7,016
OCTOBER-DECEMBER
(4-6 MONTHS)
20,947
4,316
16,630
1980 JANUARY-JUNE
(7-12 MONTHS)
4,142
532
3,610
3,201
1,293
1,909
76,418
17,534
58,885
17,511
2,688
14,823
SEPTEMBER-DECEMBER
(3-6 MONTHS)
30,226
6,579
23,647
7,383
1,664
5,719
BEYOND DECEMBER
(OVER 6 MONTHS)
7,343
1,825
5,518
970
59
911
SEPTEMBER
TAX MATURITY
1,048
232
816
3.0
3.1
3.0
3.3
3.9
3.2
1979 JUNE 28-30
SEPTEMBER
OVER 12 MONTHS
TOTAL
8,353 2/
1,723 2/
6,630 2/
MEMORANDUM:
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 JUNE 27, 1979
UA2.LBABU 1 LWll .
A M 0 U N T
CD'S MATURING IN
|
O U T S T A
1
1
1
!
OUTSIDE
|
NEW YORK CITY |
1
1
|
I
1
OUTSIDE
I
NEW YORK CITY I
1
SALES SINCE PREVIOUS PERIOD
N D I N G
1
1
I
1
I
1 NEW YORK CITY I
1
1
TOTAL
1
I
I
1
1 NEW YORK CITY I
1
1
3.2
2.3
3.4
JULY
31.9
34.0
31.3
3 Q .3
25.9
41.7
AUGUST
15.7
15.6
15.7
12.9
10.0
13.5
SEPTEMBER
12.1
12.9
11.9
OCTOBER-DECEMBER
(4-6 MONTHS)
27.4
24.6
28.2
1980 JANUARY-JUNE
(7-12 MONTHS)
5.4
3.0
6.1
47.7 2/
64.0 2/
44.7 2/
4.1
7.3
3.2
100.0
100.0
100.0
130.0
100.0
100.0
SEPTEMBER-DECEMBER
(3-6 MONTHS)
39.5
37.5
40.1
42.1
61.8
38.5
BEYOND DECEMBER
(OVER 6 MONTHS)
9.6
10.4
9.3
5.5
2.1
6.1
1.3
1.3
1.3
1979 JUNE 28-30
OVER 12 MONTHS
TOTAL
TOTAL
MEMORANDUM:
SEPTEMBER
TAX MATURITY
1/
2/
-
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLICN OP 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
AS OF JUNE 27, 1979
CD'S MATURING IN
1979 JUNE 28-30
1
1
1
I
1
1
1
1
1
1/
>
tAMOUNIS-lN MILLIONS OF DOLLARS)
A M 0 U N T
TOTAL
1
1
1
1
1
1
0 U T S T A N D I N G
BANK SIZE
1
$1--5 BILLION |
1
1
(ASSETS)
$5 BILLION
AND OVER
1
I
1
1
1
1
1
|
1
SALES SINCE PREVIOUS PERIOD
(ASSETS)
BANK SIZE
TOTAL
S1-5 BILLION
1
I
I
1
$5 BILLION
AND OVER
2,443
1,541
903
JULY
24,406
10,143
14,263
6,887
3,176
3,711
AUGUST
12,000
5,587
6,413
2,272
1,166
1,106
9,279
4,024
5,255
OCTOBER-DECEMBER
(4-6 MONTHS)
20,947
9,226
11,721
1980 JANUARY-JUNE
(7-12 MONTHS)
4,142
2,507
1 ,635
8,353 2/
4,254 2/
4,099 2/
3,201
535
2,666
76,418
33,563
42,855
17,511
8,595
8,916
SEPTEMBER-DECEMBER
(3-6 MONTHS)
30,226
13,250
16,976
7,383
3,497
3,887
BEYOND DECEMBER
(OVER 6 MONTHS)
7,343
3,043
4,331
970
757
213
SEPTEMBER
TAX MATURITY
1,048
404
644
3.0
2.9
3. 1
3.3
3.5
3.1
SEPTEMBER
OVER 12 MONTHS
TOTAL
MEMORANDUM:
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.
1
|
1
I
I
1
I
1
TABLE 4
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF JUNE 27, 1979
A M O U N T
TOTAL
J _
1979 JUNE 28-30
0 U T S T A N D I N G
BANK SIZE
!
1
1
L
1
I
_ L
z
0
b3
3
S
1
1
CD'S MATURING IN
1
1
1
1
$1-5 BILLION |
1
1
(ASSETS)
$5 BILLION
AND OVER
1
|
1
|
1
|
|
1
SALES SINCE PREVIOUS PERIOD
BANK SIZE
1
$1-5 BILLION 1
1
|
TOTAL
(ASSETS)
$5 BILLION
AND OVER
3.2
4.5
2.1
JULY
31 .9
30.2
33.2
39.3
36.9
41.6
AUGUST
15.7
16.6
14.9
12.9
13.5
12.4
SEPTEMBER
12.1
11.9
12.2
OCTOBER-DECEMBER
(4-6 MONTHS)
27.4
27.4
27.3
1980 JANUARY-JUNE
(7-12 MONTHS)
5.4
7.4
3.9
47.7 2/
49.4 2/
45.9 2/
4.1
1.5
6.2
100.0
100.0
100.0
100.0
100.0
100.0
SEPTEMBER-DECEMBER
(3-6 MONTHS)
39.5
39.4
39.6
42.1
40.6
43.5
BEYOND DECEMBER
(OVER 6 MONTHS )
9.6
9.0
10.0
5.5
8.8
2.3
SEPTEMBER
IAS, M A I U & m
1.3
1.2
1.5
OVER 12 MONTHS
TOTAL
MEMORANDUM:
1Z
2/
D O M E S ? " A E S S 0 E ^ A 0 F E $ l E B n L F { 0 N T 0 R MORE'AS'OF D E C E M s T n V ?977? F
SALES WITH MATURITIES BEYOND SECOND MONTH,
"°RE
ISSUE
°
BY
B A N K S
W I
™
I
|
1
|
1
|
|
\
TABLE 5
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS 1/
BY FEDERAL RESERVE DISTRICT
AS OF JUNE 27, 1979
lAMQilNTS IN,.MILLIONS OF DOLLARS)
CD'S MATURING IN
ALL
DISTRICTS
BOSTON
I
I
I
I
NEW
I PHI LA—| CLEVE-I RICHYORK I DELPHIA|
LAND I MOND
I
I
I
Ji
L
I
I
I
2,443
124
548
136
158
105
98
477
33
10
56
2 55
443
JULY
24,406
1,012
6,952
987
1,424
1,067
615
3,363
197
300
417
1,780
6,292
AUGUST
12,000
553
3,400
571
566
568
422
2,227
125
252
178
816
2,321
9,279
427
2,649
361
592
359
294
1,402
91
199
172
681
2,052
OCTOBER-DECEMBER
(4-6 MONTHS)
20,947
897
5,269
944
1,686
864
620
2,968
197
484
298
1,733
4,987
1980 JANUARY-JUNE
(7-12 MONTHS)
4,142
299
732
152
319
292
234
445
69
82
107
636
775
3, 201
140
1,392
74
149
14
72
341
5
14
6
97
897
76,418
3,452
20,943
3,226
4,896
3,268
2,355
11,223
716
1,342
1,233
5,998
17,767
SEPTEMBER-DECEMBER
(3-6 MONTHS)
30,226
1,324
7,918
1,305
2,278
1,222
914
4,370
288
683
469
2,415
7,038
BEYOND DECEMBER
(OVER 6 MONTHS)
7,343
439
2,125
226
469
306
306
786
73
96
112
733
1,673
SEPTEMBER
TAX MATURITY
1,048
34
254
55
54
49
13
316
20
3
12
65
173
AVERAGE MATURITY
(IN MONTHS) 2/
3.0
3.3
3.1
3.2
3.3
ro
00
_1
I
I
I
I
I
I
I
I
ST.
| MINNE-I KANSAS!
I SAN
LOUIS | APOLISI
CITY | DALLAS! FRAN(
I
I
!
CISCO
00
1979 JUNE 28-30
L
I
I
I
ATLANTA|CHICAGO
I
1
3.0
3.2
2.8
3.2
3.0
NUMBER OF BANKS
129
11
15
SEPTEMBER
OVER 12 MONTHS
TOTAL
MEMORANDUM:
00
11
CM
2/
CNJ
1/
19
13
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.
23
TABLE 6
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS 1/
BY FEDERAL RESERVE DISTRICT
AS OF JUNE 27, 1979
CD'S MATURING IN
1979 JUNE 28-30
ALL
DISTRICTS
BOSTON
1 PERCENT. ME-fllll RIB UIIQM1
I
I
I
I
I
I
NEW
I PHILA-I CLEVE-I RICHYORK I DELPHIA|
LAND I MONO
ATLANTA CHICAGO
I
I
I
I
L
L
I
I
I
I
I
I
I
I
ST.
I MINNE-I KANSAS I
I SAN
LOUIS I APOLISI
CITY I DALLAS! FRANI
I
I
I CISCO
L
I
I
I
3.2
3.6
2.6
4.2
3.2
3.2
4.1
4.2
4.5
.7
4.5
4.2
2.4
JULY
31.9
29.3
33.1
30.6
29.0
32.6
26.1
29.9
27.5
22.3
33.8
29.6
35.4
AUGUST
15.7
16.0
16.2
17.7
11.5
17.3
17.9
19.8
17.5
18.8
14.4
13.6
13.0
SEPTEMBER
12.1
12.3
12.6
11.1
12.1
10.9
12.5
12.4
12.7
14.8
13.9
11.3
11.5
OCTOBER-DECEMBER
(4-6 MONTHS)
27.4
25.9
25.1
29.2
34.4
26.4
26.3
26.4
27.5
36.0
24.1
28.9
28.0
1980 JANUARY-JUNE
(7-12 MONTHS)
5.4
8.6
3.5
4.7
6.5
8.9
9.9
3.9
9.5
6.1
8.6
10.6
4.3
4.1
4.0
6.6
2.3
3.0
.4
3.0
3.0
.6
1.0
.4
1.6
5.0
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
SEPTEMBER-DECEMBER
(3-6 MONTHS)
39.5
38.3
37.8
40.4
46.5
37.4
38.8
38.9
40.2
50.9
38.0
40.2
39.6
BEYOND DECEMBER
(OVER 6 MONTHS)
9.6
12.7
10.1
7.0
9.5
9.3
13.0
7.0
10.2
7.1
9.1
12.2
9.4
SEPTEMBER
TAX MATURITY
1.3
1.0
1.2
1.6
1.1
1.5
.5
2.8
2.7
.2
1.0
1.0
.9
OVER 12 MONTHS
TOTAL
MEMORANDUM:
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 O F DECEMBER 31, 1977.
TABLE 7
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT
AS OF JUNE 27, 1979
(AMOUNTS IN Mill I (MS, OF, DOLLARS)
CD'S MATURING IN
1
1
1
I
1
1
ALL
DISTRICTS
1
1
1
1
|
1
| BOSTON!
1
1
1
1
1
1
1
1
1
!
NEW
1 PHILA-I CLEVE-I RICHYORK I DELPHIA| LAND 1 MOND
1
1
I
1
1
1
1
1
1
1
1
1
!
1
| MINNE-1 KANSAS!
1 SAN
1 ST.
ATLANTA CHICAGO! LOUIS | APOLISI
CITY | DALLAS! FRAN1
1 CISCO
!
1
1
1
1
1
1
I
1
JULY
6,887
220
1,056
293
398
379
171
631
49
69
172
495
2,956
AUGUST
2,272
77
365
152
123
161
60
656
28
74
23
173
380
SEPTEMBER
8,353
494
2,108
346
378
404
272
974
146
178
206
7 38
2,109
TOTAL
17,511
792
3,529
791
899
944
503
2,260
222
320
401
1,406
5,445
7,383
398
2,017
315
411
322
212
879
99
104
145
596
1,884
970
96
91
31
-33
82
60
95
47
>4
60
142
224
3.3
4.1
3.5
3.1
2.6
3.3
3.8
3.2
4.8
4.6
3.8
3.7
2.8
IANDUM:
SEPTEMBER-DECEMBER
(3-6 MONTHS)
BEYOND DECEMBER
(OVER 6 MONTHS)
AVERAGE MATURITY
(IN MONTHS) 3/
If
2/
3/
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.
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
NEGATIVE VALUES, FOR SOME DISTRICTS, SOMETIMES RESULT FROM THE PROCEDURE THAT ESTIMATES SALES FOR 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 REPORTERS
RATHER THAN FOR THE INDIVIDUAL DISTRICTS.
WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL' SALES COLUMN IN TABLE 1.
1
1
|
|
I
I
TABLE 8
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS 1/
BY FEDERAL RESERVE DISTRICT
AS OF JUNE 27, 1979
CD'S MATURING IN
ALL
DISTRICTS
BOSTON
(PERCENTAGE DISTRIBUTION!
I
I
I
I
I
I
NEW
I PHI LA-1 CLEVE-I RICHYORK I DELPHIA|
LAND I MONO
ATLANTA CHICAGO
I
I
I
1
I
1
I
I
I
I
I
I
I
I
I SAN
ST.
| MINNE-I KANSASI
LOUIS I APOLISI
CITY | DALLAS I FRANI
I
I
I CISCO
I
I
I
L
JULY
39.3
27.8
29.9
37.0
44.2
40.1
33.9
27.9
21.8
21.4
42.8
35.2
54.2
AUGUST
12.9
9.7
10.3
19.2
13.7
17.0
11.0
29.0
12.3
23.0
5.8
12.3
6.9
SEPTEMBER
47.7
62.4
59.7
43.7
42.0
42.8
54.1
43.0
65.7
55.5
51.3
52.4
38.7
TOTAL
100.0
100.0
mo.o
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
*2.1
50.3
57.1
39.8
45.6
34.1
42.1
38.8
44.6
32.4
36.2
42.4
34.6
12.1
2.5
3.8
-3.6
8.6
11.9
4.2
21.0
23.0
15.0
10.0
4.1
MEMORANDUM:
SEPTEMBER-DECEMBER
(3-6 MONTHS)
BEYOND DECEMBER
(OVER 6 MONTHS)
1/
5
'5
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MO*E ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977.
DETAILS MAY NOT ADO TO TOTALS DUE TO ROUNDING.
@FedFRASER