The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
March 15, 1982
IH
lti
L.4.1 (731)
NOT FOR PUBLICATION
f
EDBRAI dtsERVE BANK
•
'<?#!<•
MAR v
—Reseat
SURVEY CF MATURITY STRUCTURE CF OUTSTANDING
LARGE DENCMINATICN CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of
February 24, 1982
t
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
TABLE
MATURITY
DISTRIBUTION
OF O U T S T A N D I N G
1
AND 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
AT L A R G E C O M M E R C I A L
AS OF F E B R U A R Y
CD'S
1982
MATURING
IN
FEBRUARY 25-28
1
1
1
1
1
1
1
A N 0
TOTAL
U
1i T
24,
BANKS
YORK CITY
1/
1982
0 0 T S T A N D I N G
1
1
t NEW
1
DEPOSIT
1
OUTSIDE
1
1 NEW Y O R K C I T Y
1
J
1
I
1
1
1
1
SALES SINCE PREVIOUS
1
1
| NEW
TOTAL
YOJRK C I T Y
1
1
|
|
i
1
1
1
OUTSIDE
,|
NEW YORK C I T Y |
1
1
PERIOD
5,351
1,412
3,939
MARCH
51,932
13,924
38,008
22,565
5,319
17,246
APRIL
27,015
6,980
20,034
9,549
2,255
7,293
MAY
15,337
4,927
10,409
JUNE-AUGUST
(4-6 M O N T H S )
21,161
5,038
16,123
SEPTEMBER-FEBRUARY
(7-12 M O N T H S )
3,722
492
3,230
OVER
5,674
550
5,124
130,191
33,324
96,867
45,445
10,761
34,684
36,498
9,966
26,532
12,289
3,130
9,159
BEYOND AUGUST
(OVER 6 M O N T H S )
9,397
1,043
8,354
1,042
57
985
M A R C H 15
TAX MATURITY
4,750
987
3,764
2.5
2.5
2.5
12 M O N T H S
TOTAL
13,331
2/
3,187 2/
10,144
MEMORANDUM:
MAY-AUGUST
(3-6 M O N T H S )
AVERAGE MATURITY
(IN M O N T H S )
3/
1/
2/
3/
2.5
2.0
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 O F $ 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 O F $1 B I L L I O N O R M O R E A S O F D E C E M B E R 31, 1 9 7 7 .
S A L E S 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 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 ,
DIVISION OF RESEARCH AND STATISTICS, BOARD OF G O V E R N O R S OF THE F E D E R A L RESERVE SYSTEM.
2/
TABLE
NATOBITI DISTRIBUTION
OF OUTSTANDING
AND
2
S A X E S 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 OS
AT L A R G E C O M M E R C I A L
AS O F F E B R U A R Y
BANKS
DEPOSIT
1/
2<t, 1 9 8 2
(PERCENTAGE DISTRIBUTION)
A M O U N T
CD'S
MATURING
I
IN
TOTAL
SALES
O U T S T A N D I N G
|
|
NBB
YORK CITI
4
I
I
I
|
OUTSIDE
| NEW YORK C I T Y
SINCE PREVIOUS PERIOD
TOTAL
1
1
|
J
NEW
YORK CITY
|
OUTSIDE
I NEW Y O R K C I T Y
L
4. 1
4.2
4.1
MARCH
39.9
41.8
39.2
49.7
49.4
49.7
APRIL
20.8
21.0
20.7
21,0
21.0
21.0
MAY
11.8
14.8
10.8
16.3
15.1
16.6
SEPTEMBER-FEBRUARY
(7-12 MONTHS)
2.9
1.5
3.3
29.3 2 /
29.6
OVER
4.4
1.7
5.3
100.0
100.0
100.0
100.0
100.0
100.0
28.0
29.9
27.4
27.0
29.1
26.4
2.3
.5
1982 FEBRUARY
25-28
JUNE-AUGUST
(4-6 M O N T H S )
12
MONTHS
TOTAL
29.3
2/
MEMORANDUM:
MAY-AUGUST
(3-6 M O N T H S )
1/
2/
BEYOND AUGUST
(OVER 6 M O N T H S )
7.2
3.1
8.6
M A R C H 15
T A X MAT^RJjTY
3.7
3.0
3.9
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 O F D E P O S I T IN D E N O M I N A T I O N S O F
D O M E S T I C A S S E T S O F $1 B I L L I O N O R M O R E A S O F D E C E M B E R 3 1 , 1 9 7 7 .
SALES WITH MATURITIES BEYOND SECOND MONTH.
$ 1 0 0 , 0 0 0 OR
MORE ISSUED
BY B A N K S
2.8
WITH
%
%
2/
|
|
L
•
**
*
TABLE 3
MATURITY
DISTRIBUTION
OP O U T S T A N D I N G
A N D S A X 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
AT L A R G E C O M M E R C I A L
AS OF
FEBRUARY 24,
( A M O U N T S IN
A M O U N T
CD'S
MATURING
1/
1982
MILLI0NS_0F_D0LLARSI.
SALES
O U T S T A N D I N G
BANK S I Z E
IN
TOTAL
BANKS
I
J
I
J
$1-5
DEPOSIT
BILLION
SINCE
"BANK
(ASSETS)
I
|
I
1-
PREVIOUS
$5 BILLION
AND OVER
$1-5
TOTAL
PERIOD
SIZE
BILLION
(ASSETS)
I
|
I
L
$5 BILLION
AND OVER
5,351
2,659
2,692
MARCH
51,932
22,010
29,921
22,565
11,753
10,813
APRIL
27,015
10,210
16,805
9,549
4,408
5,140
MAY
15,337
4,561
10,776
JUNE-AUGUST
(4-6 M O N T H S )
21,161
5,566
15,595
3,722
1,216
2,507
5,674
1,188
4,486
130,191
47,409
82,782
45,445
19,975
25,470
36,498
10,127
26,371
12,289
3,593
8,69-6
BEYOND AUGUST
(OVER 6 M O N T H S )
9,397
2,404
6,993
1,042
221
821
M A R C H 15
TAX MATURITY
4,750
2,196
2,555
2.5
2. 1
2.9
1982 FEBRUARY
25-28
SEPTEMBER-FEBRUARY
(7-12 M O N T H S )
12 M O N T H S
OVER
TOTAL
3,814
13,331 2/
2/
9,517
MEMORANDUM:
MAY-AUGUST
(3-6 M O N T H S )
2.5
AVERAGE MATURITY
(IN M O N T H S )
3/
1/
2.0
INCLUDES
DOMESTIC
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
A S S E T S O F $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 .
DIVISION
OF RESEARCH
%
AND
STATISTICS,
2.7
$ 1 0 0 , 0 0 0 OR
M O R E I S S U E D BY
S A S S B I T I E S A R E A V A I L A B L E ON B E Q U E S T r « O M T H E B A N K I N G
BOARD 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 SYSTEM.
BANKS WITH
SECTION,
2/
1
|
<
L
TABLE 4
MATURITY
DISTRIBUTION
OF
OUTSTANDING
A N D 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
AT L A R G E C O M M E R C I A L
AS OF
FEBRUARY
(PERCENTAGE
A M O U N T
24,
BANKS
OF D E P O S I T
1/
1982
DISTRIBUTION)
SALES
O U T S T A N D I N G
J
I
SINCE PREVIOUS PERIOD
-1
CD'S
BANK
M A T U R I N G IN
TOTAL
$1-5
SIZE
BILLION
BANK
(ASSETS)
I
|
1
$5 BILLION
AND OVER
I
|
TOTAL
I
J
$1-5
SIZE
BILLION
(ASSETS)
I
|
I
L
$5 BILLION
A N D OVEJt
4. 1
5.6
3.3
MARCH
39.9
46.4
36.1
49.7
58.8
42.5
APRIL
20.8
21.5
20.3
21.0
22.1
20.2
MAY
11.8
9.6
13.0
16.3
11.7
18.8
1982 F E B R U A R Y
25-28
JUNE-AUGUST
(4-6 M O N T H S )
37.4
SEPTEMBER-FEBRUARY
(7-12 M O N T H S )
2.9
2.6
3.0
OVER
4.4
2.5
5.4
100.0
100.0
100.0
100.0
100.0
100.0
21-4
31.9
27.0
18.0
34.1
2.3
1.1
3.2
12 M O N T H S
TOTAL
29.3
2/
19.1
2/
MEMORANDUM:
MAY-AUGUST
(3-6 M O N T H S )
1/
2/
28.0
BEYOND AUGUST
(OVER 6 M O N T H S )
7.2
5.1
8.5
M A R C H 15
TAX MATURITY
3.7
4.6
3. 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
D O M E S T I C A S S E T S O F $1 B I L L I O N O R M O R E A S O F
SALES WITH M A T U R I T I E S BEYOND SECOND MONTH.
•*
IN D E N O M I N A T I O N S O F
DECEMBER 31, 1977.
$ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY
BANKS
WITH
2/
TABLE
MATURITY
D I S T R I B U T I O N OF
OUTSTANDING
AT L A R G E C O M M E R C I A L
BANKS
AS O F
CD'S
M A T U R I N G IN
ALL
DISTRICTS
1
1
|
1
1
1
1 BOSTON!
1
1
1
5
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
1/
DEPOSIT
BY F E D E R A L R E S E R V E D I S T R I C T
FEBRUARY
24,
1982
( A M O U N T S IN M I L L I O N S OF D O L L A B S )
1
1
1
1
1
1
1
1
1
1
1
1
ST.
NEW
1 PHILA-1 CLEVE-I R I C H - |
1
1
|ATLANTA|CHICAGO| LOUIS
YORK |DELPHIAJ
LAND I MOND
1
1
1
f
I
1
1
1
1
1
1
1
1
1
i
1
1
1
SAN
1 MINNE-I K A N S A S ]
1
| APOLIS|
C I T Y J D A L L A S ! FRAN-r
CISCO
1
1
1
1
1
I
1
1
1
1
1
I
I
|
|
I
J
5,351
246
1,611
126
268
194
195
593
38
60
262
769
989
MARCH
51,932
2,820
16,048
1,303
3,090
1,706
960
6,684
510
681
1,549
4,766
11,814
APRIL
27,015
1,42a
7,695
604
1,162
806
426
4,422
251
721
429
2,379
i6 ,6.92
WAY
15,337
517
5,263
197
881
313
210
2,445
96
467
129
1,054
3,764
JUNE-AUGUST
(4-6 M O N T H S )
21,161
320
5,485
282
1,622
375
195
3,170
90
321
237
1,782
7,282
3,722
25
575
106
138
63
78
565
76
132
102
178
1,683
5,674
26
603
84
364
41
24
383
172
194
32
277
3,473
130,191
5,382
37,282
2,703
7,524
3,498
2,088
18,262
1,233
2,576
2,741
11,205
35,698
36,498
837
10,749
479
2,503
688
405
5,615
186
788
366
2,836
11,046
BEYOND AUGUST
(OVER 6 M O N T H S )
9,397
51
1,179
190
502
104
103
948
249
326
134
456
5*156
M A R C H 15
TAX M A T U R I T Y
4,750
329
1,162
158
316
194
67
753
31
44
99
431
1,167
AVERAGE MATURITY
(IN M O N T H S )
2/
2.5
1.4
2.0
2.1
2.6
1.7
1.8
2.3
3.5
3.1
1.6
2.1
3-4
NUMBER OF
126
9
19
7
11
13
9
15
5
3
5
8
22
1982 F E B R U A R Y 2 5 - 2 8
SEPTEMBER-FEBRUARY
(7-12 M O N T H S )
OVER
12 M O N T H S
TOTAL
MEMORANDUM:
MAY-AUGUST
{3-6 M O N T H S )
1/
2/
BANKS
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 O F 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
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 H O H E A S O F D E C E M B E R 3 1 , 1 9 7 7 .
W E I G H T I N G P R O C E D U R E I S T H E S A M E AS T H A T U S E D F O R ' T O T A L * O U T S T A N D I N G S C O L U M N I N T A B L E 1.
WITH
TABLE
MATURITY
DISTRIBUTION
OP
OUTSTANDING
AT L A R G E C O M M E R C I A L
BANKS
AS O F
CD'S MATURING
IN
I
1
|
1
|
ALL
DISTRICTS
|
1982
I
I
|
1
J
1
1 BOSTON|
|
1
1
1
NES
YORK
6
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
1/
FEBRUARY
DEPOSIT
BY F E D E R A L R E S E R V E D I S T R I C T
24,
1982
fPERCENTAGE DISTRIBUTION)
1
1
1
I
I
I
1
1
J
1
1
I
ST.
1
1 PHILA-1 CLEVE-I R I C H - J
1
|ATLANTA|CHICAGO| LOUIS
IAND | MOND
iDELPHIA1
1
1
1
1
1
I
1
1
1
1
L
1
1
1
I
I
1
1
1
1
SAN
1
| MINNE-I KANSAS)
CITY I DALXASJ FRAN| APOLISI
1 CISCO
1
1
1
„
1 ., .
1
L.
1
1
1
|
1
1
1
4.1
4.6
4.3
4.7
3.6
5.6
9.3
3.3
3.1
2.3
9.6
6.9
2.8
MARCH
39.9
52.4
43.1
48.2
41.1
48.8
46.0
36.6
41.3
26.5
56.5
42.5
33.1
APRIL
20.8
26.5
20.6
22.4
15.4
23.0
20.4
24.2
20.4
28.0
15.7
21.2
18.8
MAY
11.8
9.6
14.1
7.3
11.7
8.9
10.1
13.4
7.8
18.1
4.7
JUNE-AUGUST
(4-6 M O N T H S )
16.3
5.9
14.7
10.5
21.6
10.7
9.4
17.4
7.3
12.5
8.7
15.9
20.4
SEPTEMBER-FEBRUARY
(7-12 M O N T H S )
2.9
.5
1.5
3.9
1.8
1.8
3.7
3.1
6.2
5.1
3.7
1.6
4.7
OVER
4.4
.5
1.6
3.1
4.8
1.2
1.2
2. 1
14.0
7.5
1.2
2.5
9.7
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
28.0
15.6
28.8
17.7
33.3
19.7
19.4
30.8
15. 1
SO.6
13.4
25.3
30-9
BEYOND AUGUST
(OVER 6 M O N T H S )
7.2
1.0
3.2
7.0
6.7
3.0
4.9
5.2
20.2
12.7
4.9
4.1
14.4
M A R C H 15
TAX M A T U R I T Y
3.7
6.1
3.1
5.9
4.2
5.5
3.2
4.1
2.5
1.7
3.6
3.8
3.3
FEBRUARY
25-28
12 M O N T H S
TOTAL
'9.4-
10..6
MEMORANDUM:
MAY-AUGUST
(3-6 M O N T H S )
1/
INCLUDES
DOMESTIC
NEGOTIABLE CERTIFICATES
A S S E T S O F $1 B I L L I O N O R
OF D E P O S I T
M O R E AS O F
I N D E N O M I N A T I O N S OF
DECEMBER 31, 1977.
$100,000
OR
MORE ISSUED
BY
BANKS WITH
f. -m
C
V ««*
*
TABLE 7
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 O F 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 LARGE 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
All
DISTRICTS
M A T U R I N G IN
—
FEBRUARY
( A M O U N T S IN
I
|
|
| BOSTON
I
I
NEW
YORK
i
i
7
i
| PHILA-I
|DELPHIA|
I
1
I
: 1
24,
M I L L I O N S OF
i
i
1982
DOLLARS*
CLEVE-J RICHLAND j HOND
I
L
i
i
|
|ATLANTA
1
I
I
I
ST.
I
CHICAGO | LOUIS
,1
J
I
I
I
I
1
L_
| MINNE-I
| AJ?OLIS|
I
I
I
I
I
1
I
|
KANSAS!
|
SAN
|
CITY | DALLAS J FRAN- J
j
| CISCO I
i
MARCH
22,565
1,676
6,574
538
1,681
871
552
2,030
248
283
1,110
2,427
4,577
APRIL
9,549
998
2,531
340
549
342
173
1,259
118
323
228
945
1,743
13,331
566
3,492
188
718
283
194
2,861
66
428
-46
816
3,765
45,445
3,240
12,597
1,066
2,948
1,496
919
6,150
433
1,034
1,291
4,188
10,084
12,289
565
3,436
150
654
261
172
2,675
69
3 86
-31
870
3,082
1,042
2
57
38
64
22
22
186
-3
42
-15
-55
683
2.5
2.0
2.3
2.2
2.3
2.1
2.2
3.2
1.9
3.1
1 .0
1.9
3,0
MAY
OR
LATER
TOTAL
iANDUM:
MAY-AUGUST
(3-6 M O N T H S )
BEYOND AUGUST
(OYER 6 M O N T H S )
AVERAGE MATURITY
(IN M O N T H S )
3/
1/
2/
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 O F $ 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 O F $1 B I L L I O N O R M O R E A S O F 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 1 0 T O T A L S D U E T O R O U N D I N G .
N E G A T I V E VALUES, 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 FOB 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 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 T H E 7TH MONTH TO T H E T O T A L O F 7 - 1 2 M O N T H S FOR ALL R E P O R T E R S
RATHER THAN FOR THE INDIVIDUAL DISTRICTS.
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 ' S A L E S C O L U M N IN T A B L E 1.
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 DEPOSIT S I N C E PREVIOUS MONTH
A T 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
CD'S
MATURING
IN
ALL
DISTRICTS
BOSTON
FEBRUARY
24,
I
I
I
I
I
I
.1
t
_L
NEW
YORK
1982
| PHILA-i CLEVE-I RICHIDELPHIAI
LAND | MOND
I
I
I
I
I
I
I
J
u
I
1
I
I
I
I
I
I
1
-l
L
L
L
I
|
|
|
ST.
|ATLANTA|CHICAGO! LOUIS
I
I
I
| MINNE-| KANSASJ
I
SAN
| APOLISJ
CITY | DALLAS* F R A N I
I
I
I CISCO
MARCH
49.7
51.7
52.2
50.5
57.0
58.2
60.1
33.0
57.3
27.4
85.9
58.0
45-4
APRIL
21.0
30.8
20.1
31.9
18.6
22.9
18.8
20.5
27.3
31.3
17.6
22.6
17.3
M A Y OR L A T E R
29.3
17.5
27.7
17.7
24.3
18.9
21.1
46.5
15.3
41.4
-3.6
19.5
37.3
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
27.0
17.4
27.3
14.1
22.2
17.5
18.8
43.5
16.0
37.3
-2.4
20.8
30.6
2.3
.1
.5
3.6
2.2
1.4
2.4
3.0
-.6
4.1
-1.2
-1.3
6.8
TOTAL
MEMORANDUM:
MAY-AUGUST
(3-6 M O N T H S )
BEYOND AUGUST
(OVER 6 M O N T H S )
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 O F
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 A S O F D E C E M B E R 3 1 , 1 9 7 7 .
D E T A I L S MAI NOT ADD TO T O T A L S DUE TO R O U N D I N G .
$ 1 0 0 , 0 0 0 OR
BO«E I S S U E D
BI BANKS WITH
@FedFRASER