The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
June 19, 1979
L.4.1(731)
NOT FOR PUBLICATION
ese
&c6
'9
Qfy
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of
May 30, 1979
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
TABLE
MATURITY
D I S T R I B U T I O N OF
OUTSTANDING
AND SALES
AT L A R G E
AS O F M A Y
1
OF
NEGOTIABLE
COMMERCIAL
30,
1979
BANKS
TIME
CERTIFICATES
OF
DEPOSIT
1/
.
.mDUtlIS-IM_tllLLlQMS_QE-aQLL&BaiI
j
A M O U N T
I.
I
O U T S T A N D I N G
CD'S
MATURING
IN
I
|
I
TOTAL
J
1979
M A Y 31
SALES
SINCE
PREVIOUS
PERIOD
1
J
I
|
I NEW
|
YORK CITY
L
I
OUTSIDE
| NEW Y O R K C I T Y
I
I
|
1
I
-
I
I
I NEW
TOTAL
YORK. C I T Y
J
'
!
OUTSIDE
| N E W YORK C I T Y
J
1
2,109
517
1,59?
JUNE
19,410
4,925
14,485
5,706
879
4,828
JULY
17,509
5,279
12,231
2,661
383
2,278
9,725
2,478
7,247
21,809
4,732
17,077
DECEMBER-MAY
(7-12 MONTHS)
4,236
617
3,619
OVER
3,171
1,332
1,839
77,970
19,881
58,089
18,979
3,290
15,689
31,534
7,211
24,324
10,141
1,952
8,189
BEYOND NOVEMBER
(OVER 6 M O N T H S )
7,407
1,949
5,458
471
77
394
J U N E 15
TAX MATURITY
1,478
424
1,054
3.1
3.1
3.1
3.4
3.8
3.4
AUGUST
SEPTEMBER-NOVEMBER
(4-6 M O N T H S )
12 M O N T H S
TOTAL
-
10,612
2/
2,029
2/
8,583
MEMORANDUM:
AUGUST-NOVEMBER
(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 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 OH 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 O R M O R E A S OF D E C E M B E R 3 1 , 1 9 7 7 .
SALES WITH MATURITIES BEYOND SECOND MONTH.
F O R M U L A S FOR C A L C U L A T I O N O F 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 O N R E Q U E S T F R O M THE 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 T H E F E D E R A L R E S E R V E S Y S T E M .
2/
MATURITY
DISTRIBUTION
OF
OUTSTANDING
AT
AND
LARGE
AS O F
MAY
TABLE
2
SALES
OF
NEGOTIABLE TIME CERTIFICATES
COMMERCIAL
30,
BANKS
OF
DEPOSIT
1/
1979
1EEB£E£UAGE_HL£IR1&UI1QNL.
A M O U N T
CD'S
MATURING
IN
TOTAL
1979
1
I
O U T S T A N D I N G
1
I
1 NEW
YORK
I
I
OUTSIDE
CITY I NEW YORK CITY
.1.
SALES
I
|
|
SINCE
PREVIOUS
|
I
I NEW
TOTAL
YORK
CITY
PERIOD
I
!
j
1
OUTSIDE
! NEW YORK CITY
i
I
1
2.7
2.6
2.7
JUNE
24.8
24.7
24.9
30.0
26.7
30.7
JULY
22.4
26.5
21.0
14.0
11.6
14.5
AUGUST
12.4
12.4
12.4
SEPTEMBER-NOVEMBER
(4-6 M O N T H S )
27.9
23.8
29.4
DECEMBER-MAY
(7-12 M O N T H S )
5.4
3.1
6.2
61.6 2/
54.7
OVFP
4.0
6.7
3.1
M A Y 31
12 M H M T H S
TOTAL
55.9
2/
100.0
100.0
100.0
100.0
100.0
36.2
41.8
53.4
59.3
52.2
.5
9.8
9.4
2.4
2.3
2.5
1.9
2.1
1.8
100.0
MEMORANDUM:
A'J G U S T - N O V E M B E R
(3-6 M O N T H S )
BEYOND NOVEMBER
(OVER 6 M O N T H S )
J U N F 15
lAS-SAIUEm
If
?/
40.4
Q
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 O P M O R E A S 0*= D E C E M B E R 3 1 , 1 9 7 7 .
SALES WITH MATURITIES REYOND SECOND MONTH.
$100,000
OR
MORE
ISSUED
BY
BANKS WITH
2/
TABLE
MATURITY
D I S T R I B U T I O N OF
OUTSTANDING
AND SALES
3
OF
NEGOTIABLE TIME
AT L A R G E C O M M E R C I A L
AS O F
MAY
30,
BANKS
CERTIFICATES
OF
DEPOSIT
1/
1979
L&HDUbHS_lH_HILLIQM S _QE_QQL L6 RSl_
A M O U N T
CD'S
MATURING
IN
1
'
BANK
SIZE
1979
M A Y 31
I
I
$1-5
BILLION
SALES
("ASSETS)
,
(
TOTAL
1.
I
O U T S T A N D I N G
I
I
j
}
$5
BILLION
A N D OVER
SINCE
|
I
PREVIOUS
"BANTSTZI
| TOTAL
I
I
1
1
PERIOD
(ASSETS
$1-5
BILLION
1
|
|
$5 B I L L I O N
A N D 3VFR
2,109
788
1,321
JUNE
19,410
9,299
10,111
5,706
3,449
2,258
JULY
17,509
6,958
10,552
2,661
1,433
1,22ft
9,725
4,418
5,307
21,809
9,191
12,618
DECEMBER-MAY
(7-12 MONTHS)
4,236
2,321
1,915
OVER
3,171
527
2,644
77,970
33,502
44,468
AUGUST
SEPTEMBFP-NOVEMBER
<4-6 M O N T H S )
12 M O N T H S
TOTAL
10,612
AUGUST-NOVEMBER
' (3-6 MONTHS)
2/
4,927
18,979
MEMORANDUM:
'
17,925
10,141
4,597
BEYOND NOVEMBER
(OVER 6 M O N T H S )
7,407
2,848
4,559
471
329
JUNE 15
TAX MATURITY
1,478
655
823
3.1
2.9
3.2
3.4
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 P R F 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 A S OF D E C E M B E R 3 1 , 1 9 7 7 .
2/
SALES WITH MATURITIES BEYOND SECOND MONTH.
3/
F O R M U L A S F O R 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 ARE A V A I L A B L E O N 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 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 T H E F E D E R A L R E S E R V E S Y S T E M .
5,685
9,171
' '
13,609
1Z
2/
9,808
31,534
AVERAGE MATURITY
(IN MONTHS)
3/
}
—
' '
'
'
'
",544
1*1
3.7
?/
I
|
TABLE 4
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF MAY 30t 1979
1£ERLENIA£E_QI£I3J£UI1QNJL
A M O U N T
CD'S MATURING IN
I
I
O U T S T A N D I N G
BANK SIZE
(ASSETS)
-
TOTAL
1
$1-5 BILLION 1
!
$5 BILLION
AND OVER
SALES SINCE PREVIOUS PERIOD
1
I
BANK SIZE
(ASSETS)
]
|
1
TOTAL
I
I
1
$1-5 BILLION |
$5 BILLION
AND OVER
1_
1979 MAY 31
2.7
2.3
2.9
JUNE
24.8
27.7
22.7
30.0
35.1
24.6
JULY
22.4
20.7
23.7
14.0
14.6
13.3
AUGUST
12.4
13.1
11.9
SEPTEMBER-NOVEMBER
(4-6 MONTHS)
27.9
27.4
28.3
DECEMBER-MAY
(7-12 MONTHS)
5.4
6.9
4.3
55.9 2/
50.2 2/
61.9 2/
OVER 12 MONTHS
4.0
1.5
5.9
100.0
100.0
100.0
100.0
100.0
100.0
40.4
40.6
40.3
53.4
46.8
60.4
8.5
10.2
2.4
3.3
1.5
1.9
1.8
TOTAL
MEMORANDUM:
AUGUST-NOVEMBER
(3-6 MONTHS)
1/
2/
BFYOND NOVEMBER
(OVER 6 MONTHS)
°.5
JUNE 15
1.9
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100t000 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF SI BILLION OR WORE AS OF DECEMBER 31$ 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.
I
1
_1
I
.1
1
1
TABLE
MATURITY
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
AT L A R G E C O M M E R C I A L
B A N K S 1/
A S OF M A Y
CD'S
MATJRING
IN
I
I
DIST
RICTS
BOSTON!
x
MAY 31
5
—LAMOUNTS
I
NEW
YORK
1
BY
30,
FEDERAL
—
.
RESERVE
m_M!LL10H&_QE_DQLLA&SJ!
I
1
OF
DEPOSIT
DISTRICT
1979
!
I
| PHI LA-1 C L E V E - I R I C H ! D E L P H I A!
LAND ! MONO
1
CERTIFICATES
J
—
_
I
!
|
|
I
I ATLANTA!CHICAGO!
L
_
!
!
!
L
J
ST.
| MINNE-I KANSAS!
|
LOUIS | APOLISt
CITY I DALLAS!
—
SAN
FRAN-
2,109
51
582
28
86
119
19
238
11
24
12
187
752
JUNE
19,410
1,007
5,843
892
1,215
886
556
2,884
221
164
452
1,515
3,777
J'JLY
17,509
792
5,896
695
1,026
678
444
2,733
148
232
245
1,285
3,335
9,725
476
3,036
419
443
403
362
1,571
98
179
154
643
1*941
21,809
860
5,711
954
1,773
828
647
3,375
182
576
309
1,659
4,936
DECEMBER-MAY
(7-12 MONTHS 1
4,236
268
784
152
390
280
226
477
29
13
61
658
808
OVER 12 MONTHS
3,171
140
1,440
80
206
16
75
4
12
6
93
768
77,970
3,594
23,291
3,219
5,139
3,210
2,320
11,607
693
1,200
1,240
6,040
16,408
31,534
It 336
8,746
1,373
2,216
1,231
1,010
4,946
?80
755
463
2,301
6,677
BEYOND NOVEMBER
(OVER 6 MONTHS)
7,407
408
2,224
232
596
296
301
807
33
67
751
1,666
J'JNE 15
TAX MATURITY
1,478
87
525
105
120
59
22
163
14
6
15
132
230
AVERAGE MATURITY
(IN MONTHS) 2/
3.1
3.1
3.0
2.9
3.4
2.8 '
3.4
2.9
2.5
3.1
2.4
3.2
3.2
NUMBER OF BANKS
130
9
19
7
11
11
15
5
3
5
A
23
AUGUST
SEPTEMBER-NOVEMBER
(4-6 MONTHS)
TOTAL
. 3*>
.
tANOUM:
AUGUST-NOVEMBER
(3-6 MONTHS)
1/
2/
INCLUDES
NEGOTIABLE
CERTIFICATES
OF
DEPOSIT
IN D E N O M I N A T I O N S
OF
$100?000
OR
MORE
ISSUED
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31t 1977.
WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR •TOTAL 1 OUTSTANDINGS COLUMN IN TABLE 1.
BY B A N K S W I T H
TABLE
MATURITY
DISTRIBUTION
AT
LARGE
OF
OUTSTANDING
COMMERCIAL
AS
CD'S
MATURING
IN
I
BOSTONI
RICTS
1979
MAY
31
1
OF
MAY
NEGOTIABLE
1/
BY
30,
TIME
FEDERAL
CERTIFICATES
RESERVE
OF
DEPOSIT
DISTRICT
1979
—-iEER££MIA££_QlSI!LlBUIl£lMl,
I
I
01 ST
BANKS
6
I
NN EF WW
YORK
I
II PP HH II LL AA -- II
1DELPHIAJ
1
I
CC LL EE VV EE -- II RR II CC HH -LAND | MONO
1
L
I
I
I
I
I
I
|J
|
j
ST.
1ATLANTA|CHICAGOL LOUIS
i
I
_L
I
1 MINNE-1
T APOLISI
i
1
I
KANSAS!
CITY I
1
I
1
SAN
FRANI CISCO
DALLAS*
2.7
1.4
2.5
.8
1.6
3.6
.8
2.0
1.5
1.9
.9
3.1
4. 5
J'JNE
24.8
28.0
25.0
27.7
23.6
27.5
23.8
24.8
31.9
13.7
36.4
25.0
23.0
JULY
22.4
22.0
25.3
21.5
19.9
21.1
19.0
23.5
21.3
19.3
19.8
21.2
20.3
AJRUST
12.4
13.2
13.0
13.0
8.6
12.5
15.5
13.5
14.1
14.8
12.4
10.6
11.8
SEOTEMBERTNOVEMBEP
(4-6 MONTHS)
27.9
23.9
24.5
29.6
34.5
25.7
21.7
29.0
26.2
48.0
24.9
27.4
30.0
DEC FMR E R T M A Y
(7-12 MONTHS)
5.4
7.4
3.3
4.7
7.5
8.7
9.7
4.1
4.1
4.9
10.8
5.4
1VFR
4.0
3.9
6.1
2.4
4.0
.5
3.2
2.8
.6
1.5
4.6
100.0
100.0
100.0
100.0
100.0
100.0
100.0
110.0
100.0
40.4
37.1
37.5
42.6
43.1
38.3
43.3
42.6
BEYOND NOVEMBER
(OVER 6 M O N T H S )
9.5
11.3
9.S
7.2
11.6
9.2
12.9
J'JNF 15
1.9
2.4
2.2
3.2
2.3
1*8
-9
12
MONTHS
TOTAL
1.1
1.0
.4
100.0
100.0
100.0
100.0
40.3
62.9
37.3
38.1
41.9
6.9
4.8
2.1
5.4
12.4
10.1
1.4
2.0
.5
1.2
2.1
1.4
McwnPANnuM:
A J^UST-NOVEMBER
(3-6 MONTHS)
TAX
"
%
MATURITY
%
%
:
$
i
o
o
i
o
o
°
w
m
o
s
e
b
y
TABLE
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 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
MATURING
IN
DISTRICTS
'
BOSTON!
B n c T O
OF
MAY
30,
1979
-lAMQUtllS—UL-MJLLLJIQMS - Q E . D Q L L A B S l
1
CD'S
7
!
N E W
I
!
J PHIL.-! CLEVE-! RICH!OELPHIA|
L A N D I MONO
YORK
!
.1.
!
I
.1.
365
1,244
28 2
425
290
J'JL Y
2,661
161
506
148
139
10,612
427
2,560
507
18,979
953
4,309
10,141
371
471
3.4
LATER
TOTAL
!
I
I
!ATLANTA!CHTCAGO!
j
I
'
I
ST.
| MINNE-! KANSAS!
I
LOUIS 1 APOLIS!
CITY 1 DALLAS!
I
5,706
OR
I
I
I
!
SAM
FRAN-
1 risen
_1_
JUNE
AUGUST
!
,
204
647
44
31
?44
625
1,305
157
62
384
29
96
53
233
6°3
801
481
330
1,880
110
248
190
860
2,?18
938
1,365
928
597
2,911
184
375
487
1,717
4,215
2,527
467
760
399
289
1,957
106
2 48
178
7*8
2,052
56
33
40
42
82
41
-77
11
72
166
3.2
3.4
3.5
3.5
3.6
3.6
3.5
2.7
3 .3
3.4
MEMORANDUM:
AUGUST-NOVEMBER
C3-6 M O N T H S )
BEYOND NOVEMBER
(OVER 6 M O N T H S )
AVERAGE MATURITY
(IN M O N T H S )
3/
1/
2/
3/
DOMESTIC ASSETS
DETAILS MAY NOT
2/
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
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 3 1 , 1 9 7 7 .
ADD TO T O T A L S DUE TO ROUNDING*
$100,000
OR
MORE
ISSUED
3.6
BY
3.8
BANKS
WITH
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 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 T H E T O T A L O F 7 - 1 2 M O N T H M A T U R I T I E S O F 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 ARE B A S E D O N A R A T I O OF THE 7 T H 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 THE 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 U S E D F O R • T O T A L 1 S A L E S C O L U M N IN T A B L E 1 .
TABLE
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 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 O F
CD'S
MATURING
IN
DIST
RICTS
8
BOSTON
MAY
30,
1979
-_I££R££JiIAi3£_jmiEiailIlim_______
I
I
1
1
1
I
NEW
I PHILA-I CLEVE-1 RICHYORK 1 DELPHIA|
LAND | MONO
ATLANTA CHICAGO
I
1
I
ST.
LOUIS
i
l
l
I MINNE-I
| APOLIS|
!
KANSASI
|
SAN
CITY | DALLASl F R A N I CISCO
J'JME
30.0
38.2
28.8
30.0
31.1
31.2
34.2
22.2
24.2
8.2
50.1
36.4
30.o
J'JLY
14.0
16.8
11.7
15.8
10.1
16.8
10.4
13.1
15.8
25.7
10.9
13.5
16.4
55.9
44.8
59.4
54.0
58.7
51.8
55.3
64.6
59.9
66.0
38.9
50.0
52.6
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
•53.4
38.9
58.6
49.7
55.6
42.9
48.4
ST.2
57.4
66.1
36.6
45.8
48.6
2 , 4
5 , 8
*7
4.3
3.0
8.8
6.8
-2.6
2.4
-.1
2.3
4.1
3.9
AUGUST
OR
LATER
TOTAL
MEMORANDUM:
A'J^UST-NOVFMBEO
(3-6 M O N T H S )
9EY0ND NOVEMBER
(OVER 6 M O N T H S )
"
domestic
DETAILS
"
MAY
NOT
ADO TO
TOTALS
0 0 , M 0
, s 5 u e
°
, v
e
"
, K s
u , t
"
DUE TO R O U N D I N G .
H's, —
~
«
@FedFRASER