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June 17, 1980




1.4.1.(731)
NOT FOR PUBLICATION

*

»

1

0

1

u

" "

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of

May 28, 1980

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 A N D SALES O F 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 MAY 2 8 ,
i

1/

1980

(AMOUNTS IN M I L L I O N S OF D O L L A R S )
A M O U N T

O U T S T A N D I N G

I

C D ' S M A T U R I N G IN

I

|
OUTSIDE
| NEW YORK C I T Y

I

TOTAL

|
| NEW YORK C I T Y

J

I
I
_L_
I
|
|

SALES SINCE PREVIOUS

:

I

TOTAL

L

|
| NEW Y O R K C I T Y

PERIOD

I

|
OUTSIDE
| NEW YORK C I T Y

J

2,464

463

2,002

23,167

5,370

17,798

8,608

1,450

7,157

JULY

17,594

5,102

12,493

2,280

466

1,814

AUGUST

10,928

2,340

8,588

SEPTEMBER-NOVEMBER
(4-6 M O N T H S )

22,722

6,669

16,053

DECEMBER-MAY
(7-12 M O N T H S )

8,307

1,506

6,801

OVER

3,444

863

2,581

88,628

22,312

66,316

19,746

5,036

14,710

AUGUST-NOVEMBER
(3-6 M O N T H S )

33,650

9,009

24,642

7,184

2,855

4,329

BEYOND NOVEMBER
(OVER 6 M O N T H S )

11,752

2,369

9,383

1,675

265

1,411

2,577

645

1,931

3.3

3.3

3.3

3.3

3.9

3.2

MAY 29-31

12 M O N T H S
TOTAL

8,859 2 /

3,120

2/

5,739 2/

MEMORANDUM:

J U N E 16
TAX M A T U R I T Y
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 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 I S S U E D 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 M O R E AS OF DECEMBER 31, 1 9 7 7 .
S A L E S WITH M A T U R I T I E S B E Y O N D S E C O N D 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 M A T U R I T I E S A R E A V A I L A B L E ON R E Q U E S T F R O M 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 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 S Y S T E M .




|
1

1

JUNE

1980

I
I
1
I

/

TABLE 2

.

MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE T I M E CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS

1/

AS OF MAY 28, 1980
(PERCENTAGE DISTRIBUTION)
A M O . U N T
CD'S MATURING IN

O U T S T A N D I N G

I

TOTAL

I

I

OUTSIDE
|
I NEW YORK CITY | NEW YORK CITY

J
1980 MAY 29-31

2.8

2.1

SALES SINCE P R E V I O U S PERIOD

I

|
|

I

I

1

|
OUTSIDE
| NEW YORK C I T Y

|
|

J

TOTAL

|
| NEW YORK CITY

I

1

-

3.0

JUNE

26.1

24.1

26.8

43.6

28.8

48.7

JULY

19.9

22.9

18.8

1 1.6

9.3

12.3

AUGUST

12.3

10.5

13.0

SEPTEMBER-NOVEMBER
(4-6 MONTHS)

25.6

29.9

24.2

DECEMBER-MAY
(7-12 MONTHS)

9.4

6.8

OVER

3.9

3.9

3.9

100.0

100.0

100.0

100.0

100.0

100.0

AUGUST-NOVEMBER
(3-6 MONTHS)

38.0

40.4

37.2

36.4

56.7

39.4

BEYOND NOVEMBER
(OVER 6 MONTHS)

13.3

10.6

14.2

8.5

5.3

9.6

2.9

2.9

2.9

12 MONTHS
TOTAL

10.3

44.9 2/

62.0 2/

39.0 2 /

MEMORANDUM:

^
1/
2/

JUNE 16
TAX MATURITY

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MOBB ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS O F DECEMBER 31, 1977.
SALES WITH M A T U R I T I E S BEYOND SECOND MONTH.




TABLE 3
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE T I K E 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 BANKS

1/

AS OF MAY 28, 1980
(AMOUNTS IN MILLIONS OF DOLLARS)
I
CD'S MATURING IN

A M O U N T

I
|
I
I
I
I

TOTAL

I
I
I
I
I
|

O U T S T A N D I N G
BANK SIZE
I
$1- 5 BILLION I
I
I

(ASSETS)
$5 BILLION
A N D OVER

|
I
|
I
|
1
1

SALES SINCE PREVIOUS PERIOD

TOTAL

|
I
I
I
I
I

(ASSETS)

BANK SIZE
$1-5 BILLION

I
|
I
1

$5 BILLION
AND OVER

2,464

1,398

1,066

JUNE

23,167

11,745

11,423

8,608

4,951

3,657

JULY

17,594

6,629

10,965

2,280

1,493

787

AUGUST

10,928

4,634

6,294

SEPTEMBER-NOVEMBER
(4-6 MONTHS)

22,722

8,122

14,600

DECEMBER-MAY
(7-12 MONTHS)

8,307

2,781

5,526

8,859 2/

3,184 2/

OVER 12 MONTHS

3,444

596

2,848

88,628

35,905

52,723

19,746

9,628

10,118

AUGUST-NOVEMBER
(3-6 MONTHS)

33,650

12,756

20,894

7,184

2,854

4,330

BEYOND NOVEMBER
(OVER 6 MONTHS)

11,752

3,377

8,374

1,675

330

1,345

2,577

1,220

1,356

3.3

2.8

3.7

3.3

2.6

4.0

1980 MAY 29-31

TOTAL

5,675 2 /

MEMORANDUM:

JUNE 16
TAX MATURITY
AVERAGE MATURITY
(IN MONTHS)
3/

1/

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 DENOMINATIONS OF $100,000 OR MORE I S S U E D BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977.
2/
SALES WITH MATURITIES BEYOND SECOND MONTH.
3/
FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE 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 RESEARCH AND STATISTICS, BOARD CF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.



I
I
I
1
1
1
!
1

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 A N D 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 M A Y 2 8 ,

CD'S M A T U R I N G IN

I
I
1_

1/

1980

(PERCENTAGE D I S T R I B U T I O N )
A M O . U N T

O U T S T A N D I N G
BANK SIZE

TOTAL

I

I

I

$1-5 B I L L I O N

SALES SINCE PREVIOUS PERIOD

(ASSETS)

I
|

$5 B I L L I O N
A N D OVER

BANK S I Z E
TOTAL

$1-5 B I L L I O N

(ASSETS)

I

|

I

$5 B I L L I O N
AND OVER

L

1980

MAY 29-31

2.8

2.0

3.9

JUNE

26.1

32.7

21.7

43.6

51.4

36.1

JULY

19.9

18.5

20.8

1 1.6

15.5

7.8

AUGUST

12.3

12.9

11.9

SEPTEMBER-NOVEMBER
(4-6 M O N T H S )

25.6

22.6

27.7

9.4

7.7

10.5

3.9

1.7

5.4

100.0

100.0

100.0

100.0

100.0

100.0

AUGUST-NOVEMBER
(3-6 MONTHS)

38.0

35.5

39.6

36.4

29.6

42.8

BEYOND NOVEMBER
(OVER 6 M O N T H S )

13.3

9.4

15.9

8.5

3.4

13.3

2.9

3.4

DECEMBER-MAY
(7-12 M O N T H S )
OVER

12 M O N T H S
TOTAL

44.9

2/

33.1

2/

56.1

MEMORANDUM:

J U N E 16
TAX M A T U R I T Y
1/
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
D O M E S T I C A S S E T S OF $1 B I L L I O N OR M O R E AS O F D E C E M B E R 31, 1 9 7 7 .
S A L E S WITH M A T U R I T I E S B E Y O N D S E C O N D MONTH.




2.6
$ 1 0 0 , 0 0 0 OR

MORE ISSUED

BY B A N K S W I T H

2/

I
I
I

.1

TABLE 5
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS 1/

BY FEDERAL RESERVE DISTRICT

AS OF MAY 28, 1980
(AMOUNTS IN MILLIONS OF DOLLARS)
CD'S MATURING IN

ALL
DISTRICTS

BOSTON

I
I

I

—J

I

I

I

I

I
I

I

ATLANTA CHICAGO

I

I

I

1

NEW
| PHILA—| CLEVE-I RICHYORK |DELPHIA)
LAND | MOND

I
J

MAY 29-31

I
I

I
I

I

I

L

ST.
| MINNB-I KANSAS]
| SAN
LOUIS | APOLIS|
CITY | DALLAS| FRANI
I
I
I CISCO

2,464

98

578

108

188

199

96

367

36

15

44

216

518

JUNE

23,167

1,245

6,561

818

1,523

964

602

3,638

200

361

506

2,000

4,748

JULY

17,594

797

5,674

480

890

606

276

2,894

134

353

246

1,225

4,020

AUGUST

10,928

466

2,707

397

867

546

297

1,467

83

316

93

807

2,883

SEPTEMBER-NOVEMBER
(4-6 MONTHS)

22,722

865

7,281

506

1,697

587

514

2,970

132

525

242

1,862

5,540

DECEMBER-MAY
(7-12 MONTHS)

8,307

58

1,627

170

845

213

158

1,105

39

108

82

756

3,146

OVER 12 MONTHS

3,444

119

937

106

166

30

25

385

3

60

24

187

1,403

88,628

3,649

25,365

2,585

6,177

3,145

1,966

12,826

628

1,739

1,238

7,052

22,259

AUGUST-NOVEMBER
(3-6 ftONTHS)

33,650

1,331

9,988

903

2,563

1,133

811

4, 438

215

841

335

2,669

8,422

BEYCND NOVEMBER
(OVER 6 MONTHS)

11,752

177

2,564

276

1,012

243

182

1,490

42

168

106

943

4,550

2,577

143

780

103

102

116

39

272

24

54

67

262

616

AVERAGE MATURITY
(IN MONTHS)
2/

3.3

2.5

3.2

2.9

3.6

2.5

2.9

3.1

2.5

3.3

2.5

3.3

4.0

NUMBER OF BANKS

126

9

19

7

11

13

9

15

5

3

5

8

22

TOTAL
3ANDUM:

JUNE 16
TAX MATURITY

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
AT L A R G E C O M M E R C I A L B A N K S

1/

AS O F M A Y 2 8 ,

C D ' S M A T U R I N G IN

ALL
DISTRICTS

BOSTON

NEW
YORK

I
I

BY F E D E R A L R E S E R V E D I S T R I C T
1980

(PERCENTAGE D I S T R I B U T I O N )

I
I

| PHILA-l
|DELPHIAJ

I

I

J
CD

<N

1980 MAY 29-31

DEPOSIT

I
I

I

I

ATLANTA CHICAGO

ST.
LOUIS

L

I
I

I
I

I

1

CLEVE-I R I C H L A N D | MOND

I
I

1

1_

I

SAN
| MINNE-I K A N S A S )
|
| APOLIS|
CITY | DALLAS I FRAN1 CISCO
I
I
I

2.7

2.3

4.2

3.1

6.3

4.9

2.9

5.8

.9

3.6

3.1

2.3

JUNE

26.1

34. 1

25.9

31.6

24.7

30.7

30.6

28.4

31.9

20.8

40.9

28.4

21.3

JULY

19.9

21.9

22.4

18.6

14.4

19.3

14.0

22.6

21.4

20.3

19.9

17.4

18. 1

AUGUST

12.3

12.8

10.7

15.4

14.0

17.4

15.1

1 1.4

13.3

18.2

7.5

11.4

13.0

SEPTEMBER-NOVEMBER
(4-6 M O N T H S )

25.6

23.7

28.7

19.6

27.5

18.7

26.1

23.2

21.0

30.2

19.6

26.4

24.9

DECEMBER-MAY
(7-12 MONTHS)

9.4

1.6

6.4

6.6

13.7

6.8

8.0

8.6

6.2

6.2

6.6

10.7

14.1

OVER

3.9

3.3

3.7

4.1

2.7

1.0

1.3

3.0

.4

3.4

1.9

2.7

6.3

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

AUGUST-NOVEMBER
(3-6 M O N T H S )

38.0

36.b

39.4

34.9

4*i .5

36.0

41.3

34.6

34.3

48.4

27.1

37.9

37.8

BEYOND NOVEMBER
(OVER 6 MONTHS)

13.3

4.9

10.1

10.7

16.4

7.7

9.3

11.6

6.7

9.7

8.5

13.4

20.4

2.9

3.9

3.1

4.0

1.6

3.7

2.0

2.1

3.9

3.1

5.4

3.7

2.8

12 M O N T H S
TOTAL

MEMORANDUM:

J U N E 16
TAX M A T U R I T Y

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
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 AS O F DECEMBER 3 1 , 1 9 7 7 .




MORE ISSUED

BY B A N K S W I T H

TABLE 7
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 S I N C E P R E V I O U S M O N T H
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 M A Y

28, 1980

(AMOUNTS IN M I L L I O N S OF D O L L A R S )
ALL
DISTRICTS

C D ' S M A T U R I N G IN

BOSTON

NEW
YORK

I
I

I
I

| PHILA-I C L E V E - I R I C H |DELPHIA)
LAND | MOND

I
J

I
_i

ATLANTA CHICAGO

I
1

I
I

I
I

I
I

J

I
I

L

J

1

ST.
LOUIS

| MINNS-| KANSASI
|
SAN
| APOLIS|
CITY | D A L L A S | F R A N |
|
|
| CISCO

I
1-

JUNE

8,608

447

1,964

330

638

323

198

1,470

62

213

267

817

1,879

JULY

2,280

124

575

122

260

140

56

283

22

92

57

222

328

A U G U S T OR LATER

8,859

259

3,429

283

393

310

173

974

78

235

115

552

2,058

19,746

829

5,968

735

1,291

773

427

2,727

161

540

439

1,591

4,265

7,184

265

3,143

249

277

294

164

900

75

198

85

508

1,025

1,675

-6

286

34

116

16

9

74

3

38

30

43

1,033

3.3

2.3

3.6

2.9

2.9

2.8

3.1

3.2

2.5

TOTAL
MEMORANDUM:
AUGUST-NOVEMBER
(3-6 M O N T H S )
BEYOND NOVEMBER
(OVER 6 MONTHS)
AVERAGE MATURITY
(IN M O N T H S )
3/

1/

2/

3/

2/

2.8

2.6

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 I S S U E D 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 M O R E AS O F DECEMBER 31, 1 9 7 7 .
D E T A I L S MAY NOT A D D TO T O T A L S D U E 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 T H E P R O C E D U R E T H A T E S T I M A T E S S A L E S FOR T H E
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 T H E P R E V I O U S S U R V E Y .
T H E S E E S T I M A T E S A R E B A S E D ON A R A T I O OF THE 7TH M O N T H TO THE T O T A L 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 T H A N FOR T H E I N D I V I D U A L 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 S A M E AS T H A T USED FOR 1 T O T A L f S A L E S C O L U M N IN T A B L E 1.




2.6

4.2

TABLE 8
S A L E S 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 S I N C E P R E V I O U S M O N T H
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 M A Y 2 8 ,

C D ' S M A T U R I N G IN

I
|
|
|
I

ALL
DISTRICTS

|

i
I
I
I
I
I • NEW
YORK
I BOSTON*
I
1
|
1

1980

I
1
I
1
I
I
| PHILA-I CLEVE-I RICH|DELPHIAI
LAND J MOND
I
I
I
I
I
1

I
I
I
I
|
1 ST.
|ATLANTA C H I C A G O | LOUIS
1
I
1
1

I
I
I
I
1
I
I
I
I MINNE-I K A N S A S !
1 SAN
CITY | DALLAS| FRAN| APOLIS|
1 CISCO
I
I
I
1
1
V
I

JUNE

43. 6

53.9

32.9

44.9

49.4

41.8

46.5

53.9

38.4

39.4

60.8

51.4

44.1

JULY

1 1. 6

14.9

9.6

16.6

20.1

18.1

13.1

10.4

13.5

17.0

13.0

14.0

7.7

A U G U S T OR LATER

44. 9

31.2

57.5

38.5

30.5

40.2

40.5

3 5.7

48.1

43.6

26.2

34.7

48.3

100. 0

100.Q

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

36. 4

31.9

52.7

33.8

21.5

38.1

38.4

33.0

46.3

36.6

19.4

32.0

24.0

8. 5

-.7

4.8

4.7

9.0

2.1

2.1

2.7

1.8

7.0

6.8

2.7

24.2

TOTAL
MEMORANDUM:
AUGUST-NOVEMBER
(3-6 M O N T H S )
BEYOND NOVEMBER
(OVER 6 MONTHS)

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 $ 1 0 0 , 0 0 0 0E
D O M E S T I C A S S E T S O F $1 B I L L I O N OR M O R E AS OF D E C E M B E R 3 1 , 1 9 7 7 .
D E T A I L S MAY N O T A D D T O T O T A L S DUE TO R O U N D I N G .




M O R E I S S U E D BY B A N K S W I T H

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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102