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L.4.1(731) NOT FOR PUBLICATION FEDEFW m W Of JUL 2 2 1986 w SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS AS OF JUNE 25, 1986 BANKING SECTION DIVISION OF RESEARCH AND STATISTICS BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Research Uor&y— MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERICAL BANKS AS OF JUNE 25, 1986 OUTSTANDING I CD'S MATURING IN 1986 PERCENTAGE GROSS SALES (ESTIMATED) AMOUNT (IN MILLIONS) PERCENTAGE 8.3 13,080.2 28.2 7,588.1 59.6 AUGUST 3,955.1 8.5 1,251.4 9.8 SEPTEMBER 4,176.0 9.0 1,690.7 13.3 OCTOBER 1,926.6 4.2 252.7 2.0 NOVEMBER 1,522.2 3.3 203.9 1.6 DECEMBER 1,537.4 3.3 JANUARY-JUNE (7-12 MONTHS) 4,815.6 10.4 1,744.7 13.7 OVER 12 MONTHS 11,437.5 24.7 46,315.5 100.0 12,731.6 100.0 26-30 TOTAL AVERAGE MATURITIES (IN MONTHS) 5.2 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. 1 I ! 3,865.0 JUNE JULY 1987 AMOUNT (IN MILLIONS) I TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF JUNE 25, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) | CD' MATURING IN 1986 TOTAL NEW YORK CITY I OUTSIDE NEW YORK CITY SALES (ESTIMATED) TOTAL NEW YORK CITY OUTSIDE | NEW YORK CITY J 3,865.0 715.8 3,149.2 13,080.2 3,243.9 9,836.3 7,588.1 1,683.3 5,904.9 AUGUST 3,955.1 1,157.7 2,797.4 1,251.4 322.5 928.9 SEPTEMBER 4,176.0 1,070.9 3,105.2 1,690.7 429.9 1,260.8 OCTOBER 1,926.6 550.0 1,376.6 252.7 31.5 221.3 NOVEMBER 1,522.2 429.2 1,093.0 203.9 13.5 190.4 DECEMBER 1,537.4 445.8 1,091.6 JANUARY-JUNE (7-12 MONTHS) 4,815.6 1,500.2 3,315.4 1,744.7 520.3 1,224.4 OVER 12 MONTHS 11,437.5 3,272.3 8,165.2 46,315.5 12,385.8 33,929.7 12,731.6 3,000.9 9,730.7 JUNE 26-30 JULY 1987 OUTSTANDINGS TOTAL AVERAGE MATURITIES (IN MONTHS) NUMBER OF BANKS REPORTING NOTEi 5.2 5.6 5.0 38 9 30 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. DigitizedIfor FRASER TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF JUNE 25, 1986 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD' MATURING IN 1986 JUNE TOTAL 26-30 OUTSIDE |1 NEW YORK CITY j1 1 TOTAL 1 | NEW YORK CITY 1 1 OUTSIDE | NEW YORK CITY J 8.3 5.8 9.3 28.2 26.2 29.0 59.6 56.1 60.7 AUGUST 8.5 9.4 8.2 9.8 10.7 9.5 SEPTEMBER 9.0 8.7 9.2 13.3 14.3 13.0 OCTOBER 4.2 4.4 4.1 2.0 1.0 2.3 NOVEMBER 3.3 3.5 3.2 1.6 .4 2.0 DECEMBER 3.3 3.6 3.2 JANUARY-JUNE (7-12 MONTHS) 10.4 12.1 9.8 13.7 17.3 12.6 OVER 12 MONTHS 24.7 26.4 24.1 100.0 100.0 100.0 100.0 100.0 100.0 JULY 1987 NEW YORK CITY SALES (ESTIMATED) TOTAL NOTEi 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. V \ TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF JUNE 25, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) SALES (ESTIMATED) OUTSTANDINGS CD'S MATURING IN 1986 TOTAL OTHER I CD FUTURES |CONTRACT BANKS OTHER 3.865.0 1.228.3 2,636.7 13,080.2 4,711.8 8,368.3 7,588.1 2,627.9 4,960.2 AUGUST 3.955.1 1.194.4 2,760.6 1,251.4 231.2 1,020.2 SEPTEMBER 4,176.0 1,629.1 2,546.9 1,690.7 484.2 1.206.5 OCTOBER 1,926.6 795.0 1,131.6 252.7 51.0 201.7 NOVEMBER 1.522.2 710.9 811.3 203.9 24.7 179.2 DECEMBER 1,537.4 758.9 778.5 JANUARY-JUNE (7-12 MONTHS) 4,815.6 2,436.4 2,379.3 1,744.7 643.0 1,101.7 OVER 12 MONTHS 11,437.5 5,061.0 6,376.5 46,315.5 18,525.8 27,789.6 12,731.6 4,062.0 8.669.6 JUNE 26-30 JULY 1987 CD FUTURES CONTRACT BANKS TOTAL TOTAL AVERAGE MATURITIES (IN MONTHS) NUMBER OF BANKS REPORTING NOTE* 5.2 I j " 5.8 I ! ' 4.8 50 ! 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 AL ^BANKS^^^ TIME CERTIFICATES OF DEPOSIT AS OF JUNE 25, 1986 (PERCENTAGE DISTRIBUTION) SALES (ESTIMATED) OUTSTANDINGS CD'S MATURING IN 1986 TOTAL OTHER TOTAL CD FUTURES CONTRACT BANKS OTHER 8.3 6.6 9.5 28.2 25.4 30.1 59.6 64.7 57.2 AUGUST 8.5 6.5 9.9 9.8 5.7 11.8 SEPTEMBER 9.0 8.8 9.2 13.3 11.9 13.9 OCTOBER 4.2 4.3 4.1 2.0 1.3 2.3 NOVEMBER 3.3 3.8 2.9 1.6 .6 2.1 DECEMBER 3.3 4.1 2.8 JANUARY-JUNE (7-12 MONTHS) 10.4 13.2 8.6 13.7 15.8 12.7 OVER 12 MONTHS 24.7 27.3 23.0 100.0 100.0 100.0 100.0 100.0 100.0 JUNE 26-30 JULY 1987 CD FUTURES CONTRACT BANKS TOTAL NOTEs INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT ^ 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 JUNE 25, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS CD'S MATURING IN 1986 NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 3,865 93 716 42 497 254 53 1,199 0 0 0 287 723 13,080 406 3,244 71 892 775 104 2,663 0 0 0 1,830 3,095 AUGUST 3,955 64 1,158 15 280 465 35 480 0 0 0 557 903 SEPTEMBER 4,176 39 1,071 8 265 501 28 758 0 0 0 524 982 OCTOBER 1,927 15 550 4 102 220 11 291 0 0 0 218 514 NOVEMBER 1,522 7 429 18 125 122 16 107 0 0 0 217 481 DECEMBER 1,537 3 446 7 70 61 14 174 0 0 0 309 453 JANUARY-JUNE <7-12 MONTHS) 4,816 31 1,500 121 387 196 106 444 0 0 0 639 1,390 OVER 12 MONTHS 11,438 6 3,272 288 2,324 455 116 870 0 0 0 1,389 2,717 46,315 664 12,386 575 4,943 3,048 484 6,987 0 0 0 5,971 11,258 5.1 5.3 4 , JUNE 26-30 JULY 1987 BOSTON TOTAL AVERAGE MATURITIES (IN MONTHS) 5.2 1.4 5.6 8.7 7.3 3.9 5.9 3.2 NUMBER OF BANKS REPORTING 38 1 9 1 4 4 2 5 NOTE: .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. http://fraser.stlouisfed.org/ I Federal Reserve Bank of St. Louis i ! TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF JUNE 25, 1986 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS CD'S MATURING IN 1986 NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 8.3 14.0 5.8 7.4 10.1 8.3 11.1 17.2 .0 .0 .0 4.8 6.4 28.2 61.2 26.2 12.4 18.0 25.4 21.5 38.1 .0 .0 .0 30.7 27.5 AUGUST 8.5 9.6 9.4 2.5 5.7 15.2 7.2 6.9 .0 .0 .0 9.3 8.0 SEPTEMBER 9.0 5.8 8.7 1.5 5.4 16.4 5.8 10.9 .0 .0 .0 8.8 8.7 OCTOBER 4.2 2.3 4.4 .7 2.1 7.2 2.3 4.2 .0 .0 .0 3.7 4.6 NOVEMBER 3.3 1.1 3.5 3.1 2.5 4.0 3.4 1.5 .0 .0 .0 3.6 4.3 DECEMBER 3.3 .4 3.6 1.3 1.4 2.0 2.9 2.5 .0 .0 .0 5.2 4.0 JANUARY-JUNE (7-12 MONTHS) 10.4 4.7 12.1 21.1 7.8 6.5 21.8 6.4 . .0 .0 .0 10.7 12.4 OVER 12 MONTHS 24.7 .9 26.4 50.1 47.0 14.9 24.0 12.5 .0 .0 .0 23.3 24.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 JUNE 26-30 JULY 1987 BOSTON 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 nsrsss^jsuss' s,tEs "° ht " AS OF JUNE 25, 1986 (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 JULY 7,588 256 1,683 54 536 262 51 1,784 0 0 0 1,228 1,735 AUGUST 1,251 31 322 4 59 65 8 184 0 0 0 313 263 SEPTEMBER 1,691 27 430 5 96 209 16 575 0 0 0 139 193 OCTOBER 253 1 31 2 29 93 0 29 0 0 0 28 48 NOVEMBER 204 1 14 0 5 20 0 12 0 0 0 43 109 1,745 5 520 78 312 83 3 370 0 0 0 230 163 12,732 320 3,001 144 1,037 732 80 2,955 0 0 0 1,981 2,512 AFTER NOVEMBER 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. 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 s.iK % ^ . M . , ^ T i ^ c E , n n c . T | s ^ J S T J ^ J ^ S S S ' M0N,H AS OF JUNE 25, 1986 (PERCENTAGE DISTRIBUTION) CD'S MATURING IN ALL DISTRICTS BOSTON NEW YORK KANSAS CITY SAN FRANCISCO .0 .0 62.0 69.1 10.7 3.1 5.7 8.9 10.6 6.2 .0 .0 .0 15.8 10.5 8.3 14.3 3.6 9.3 28.5 20.6 19.5 .0 .0 .0 7.0 7.7 2.0 .2 1.0 1.1 2.8 12.7 .0 1.0 .0 .0 .0 1.4 1.9 1.6 .3 .4 .3 .5 2.8 .5 .4 .0 .0 .0 2.2 4.3 13.7 1.5 17.3 54.4 30.1 11.3 3.9 12.5 .0 .0 .0 11.6 6.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 OCTOBER NOVEMBER 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. http://fraser.stlouisfed.org/ I Federal Reserve Bank of St. Louis DALLAS .0 13.3 NOTE. MINNEAPOLIS 60.4 9.7 TOTAL ST. LOUIS 64.4 9.8 AFTER NOVEMBER ATLANTA CHICAGO 35.7 56.1 SEPTEMBER RICHMOND 51.7 80.1 AUGUST 1 CLEVELAND 37.5 59.6 JULY PHILADELPHIA