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SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF DEPOSITS
AT LARGE COMMERCIAL BANKS
AS OF
MARCH 26, 1986
BANKING SECTION
DIVISION OF RESEARCH AND STATISTICS
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
L.4.1(731)
NOT FOR PUBLICATION
%
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERICAL BANKS
AS OF MARCH 26, 1986
OUTSTANDING
CD'S MATURING IN
1986
MARCH
27-31
3,789.8
PERCENTAGE
7.8
60.2
11.5
1,647.5
13.0
4,761.9
9.7
1,435.3
11.4
2,808.3
5.7
269.0
2.1
1,322.3
2.7
166.8
1.3
1,674.2
3.4
4,125.3
8.4
1,508.8
11.9
11,020.0
22.5
48,905.6
100.0
12,643.5
100.0
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER-MARCH
(7-12 MONTHS)
OVER 12 MONTHS
AVERAGE MATURITIES
(IN MONTHS)
4.8
NUMBER OF BANKS
REPORTING
39
00
7,616.1
5,631.7
NOTE:
AMOUNT
(IN MILLIONS)
CSJ
13,772.0
MAY
TOTAL
PERCENTAGE
CM
APRIL
AMOUNT
(IN MILLIONS)
GROSS SALES (ESTIMATED)
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.
TABLE 1
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF MARCH 26, 1986
(AMOUNTS IN MILLIONS OF DOLLARS)
SALES (ESTIMATED)
OUTSTANDINGS
CD 1 MATURING IN
1986
TOTAL
I
OUTSIDE
|
|
NEW YORK CITY j1 NEW YORK CITY I
1
1
TOTAL
OUTSIDE
I
I NEW YORK CITY
NEW YORK CITY |
1
3,789 8
1,327.2
2,462.6
13,772 ,0
3,557.7
10,214.3
7,616 ,1
1,547.5
6,068.5
MAY
5,631 .7
1,456.9
4,174.9
1,647 .5
378.7
1,268.8
JUNE
4,761 ,9
1,195.8
3,566.1
1,435 .3
412.4
1,022.9
JULY
2,808..3
747.4
2,060.9
269,.0
36.1
232.9
AUGUST
1,322 .3
416.8
905.5
166 .8
25.5
141.3
SEPTEMBER
1,674 .2
455.5
1,218.8
OCTOBER-MARCH
(7-12 MONTHS)
4,125 .3
1,053.7
3,071.6
1,508 .8
586.5
922.3
OVER 12 MONTHS
11,020 .0
3,307.2
7,712.8
48,905 .6
13,518.1
35,387.5
12,643 .5
2,986.8
9,656.7
MARCH
27-31
APRIL
TOTAL
AVERAGE MATURITIES
(IN MONTHS)
NUMBER OF BANKS
REPORTING
NOTE:
4.8
4.9
4.7
39
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.
TABLE 2
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF MARCH 26, 1986
(PERCENTAGE DISTRIBUTION)
I
OUTSTANDINGS
|
NEW YORK CITY
OUTSIDE
|
NEW YORK CITY 1
!
1
CD' MATURING IN
TOTAL
1986
MARCH
TOTAL
NEW YORK CITY
OUTSIDE
|
NEW YORK CITY |
7.8
9.8
7.0
APRIL
28.2
26.3
28.9
60.2
51.8
62.8
MAY
11.5
10.8
11.8
13.0
12.7
13.1
JUNE
9.7
8.9
10.1
11.4
13.8
10.6
JULY
5.7
5.5
5.8
2.1
1.2
2.4
AUGUST
2.7
3.1
2.6
1.3
.9
1.5
SEPTEMBER
3.4
3.4
3.4
OCTOBER-MARCH
(7-12 MONTHS)
8.4
7.8
8.7
11.9
19.6
9.6
OVER 12 MONTHS
22.5
24.5
21.8
100,0
100.0
100.0
100.0
100.0
100.0
TOTAL
N
27-31
SALES (ESTIMATED)
°TE'
DOMESTIC « F ! S I A 5 F R " B I : [ { 8 » T O R
I S 5 U E D
M T E S
TO,E
*"
T
"
" E «E"AIH.»C DAYS
»"H
TABLE 3
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF MARCH 26, 1986
(AMOUNTS IN MILLIONS OF DOLLARS)
SALES (ESTIMATED)
OUTSTANDINGS
CD'S MATURING IN
J
1
1986
TOTAL
CD FUTURES
1
!CONTRACT BANKS 1
i
1
OTHER
!
1
TOTAL
1
|
CD FUTURES
I
|CONTRACT BANKS j
OTHER
3,789.8
1,363.2
2,426.7
13,772.0
4,868.1
8,903.9
7,616.1
2,809.0
4,807.0
MAY
5,631.7
1,991.6
3,640.1
1,647.5
725.0
922.5
JUNE
4,761.9
1,500.4
3,261.6
1,435.3
470.2
965.1
JULY
2,808.3
1,368.7
1,439.6
269.0
43.9
225.1
AUGUST
1,322.3
579.7
742.6
166.8
35.4
131.5
SEPTEMBER
1,674.2
732.0
942.3
OCTOBER-MARCH
<7-12 MONTHS)
4,125.3
1,819.0
2,306.3
1,508.8
358.2
1,150.5
OVER 12 MONTHS
11,020.0
5,463.4
5,556.6
48,905.6
19,686.0
29,219.6
12,643.5
4,441.8
8,201.7
MARCH
27-31
APRIL
TOTAL
AVERAGE MATURITIES
(IN MONTHS)
NUMBER OF BANKS
REPORTING
NOTEI
4.3
5.5
4.8
30
39
I
I
I
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.
H
"CD FUTURES CONTRACT BANKS" INCLUDE THOSE WHOSE CD"S ARE CONSIDERED AS PART OF THE DELIVERABLE CD
SUPPLY FOR PURPOSES OF FUTURE TRADING.
I
J
IllII
TABLE 4
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF MARCH 26, 1986
(PERCENTAGE DISTRIBUTION)
|
CD'S MATURING IN
1986
OUTSTANDINGS
TOTAL
CD FUTURES
CONTRACT BANKS
J
OTHER
SALES (ESTIMATED)
TOTAL
CD FUTURES
CONTRACT BANKS
I
OTHER
7.8
6.9
8.3
APRIL
28.2
24.7
30.5
60.2
63.2
58.6
MAY
11.5
10.1
12.5
13.0
16.3
11.2
JUNE
9.7
7.6
11.2
11.4
10.6
11.8
JULY
5.7
7.0
4.9
2.1
1.0
2.7
AUGUST
2.7
2.9
2.5
1.3
.8
1.6
SEPTEMBER
3.4
3.7
3.2
OCTOBER-MARCH
(7-12 MONTHS)
8.4
9.2
7.9
11.9
8.1
14.0
OVER 12 MONTHS
22.5
27.8
19.0
100.0
100.0
100.0
100.0
100.0
100.0
MARCH
TOTAL
NOTE,
27-31
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 51, 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.
Ill
TABLE 5
0F
MATURITY DISTRIBUTION
D E M , T
AS OF MARCH 26, 1986
(AMOUNTS IN MILLIONS OF DOLLARS)
ALL
DISTRICTS
CD'S MATURING IN
1986
BOSTON
NEW
YORK
PHILADELPHIA
CLEVELAND
RICHMOND
ST.
LOUIS
ATLANTA CHICAGO
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
3,790
107
1,327
15
414
135
28
722
427
6151
13,772
367
3,558
59
932
602
170
2,812
2,105
3,1671
5,632
84
1,457
11
367
494
55
731
1,018
1,415
MAY
4,762
38
1,196
33
331
352
44
1,391
621
756
JUNE
2,808
6
747
9
209
304
29
466
260
780
JULY
1,322
12
417
3
120
137
10
103
177
343
AUGUST
1,674
11
455
2
140
102
10
136
359
459
SEPTEMBER
4,125
36
1,054
76
262
173
48
490
698
1,290
OCTOBER-MARCH
(7-12 MONTHS)
11,020
8
3,307
241
1,638
388
201
791
1,264
3,184
OVER 12 MONTHS
48,906
667
13,518
448
4,414
2,686
594
7,641
6,929
12,009
6.2
4.1
3.2
4.5
MARCH
27-31
APRIL
TOTAL
AVERAGE MATURITIES
(IN MONTHS)
4.8
NUMBER OF BANKS
REPORTING
39
H0TE
'
1.6
!!!K!A8!;ME5I£m«li
4.9
8.8
5.9
"0°'°00
0R
M 0 R E I S 5 U E D
,Y
, 1 N K 5
HITH
5.5
Ill
TABLE 6
MATURITY DISTRIBUTION
"
* " * "
AS OF MARCH 26, 1986
(PERCENTAGE DISTRIBUTION)
ALL
DISTRICTS
CD'S MATURING IN
1986
BOSTON
NEW
YORK
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
3.3
9.4
5.0
4.7
9.5
.0
.0
APRIL
28.2
55.1
26.3
13.1
21.1
22.4
28.6
36.8
.0
.0
.0
30.4
26.4
MAY
11.5
12.6
10.8
2.5
8.3
9.2
9.6
.0
.0
.0
14.7
11.8
JUNE
9.7
5.7
8.9
7.4
7.5
13.1
7.3
18.2
.0
.0
.0
9.0
6.3
JULY
5.7
.9
5.5
2.0
4.7
11.3
4.8
6.1
.0
.0
.0
3.8
6.5
AUGUST
2.7
1.7
3.1
.7
2.7
5.1
1.7
1.4
.0
.0
.0
2.6
2.9
SEPTEMBER
3.4
1.6
3.4
.5
3.2
3.8
1.8
1.8
.0
.0
.0
5.2
3.8
OCTOBER-MARCH
(7-12 MONTHS)
8.4
5.3
7.8
16.9
5.9
6.5
8.1
6.4
.0
.0
.0
10.1
10.7
OVER 12 MONTHS
22.5
1.1
24.5
53.7
37.1
14.4
33.8
10.4
.0
.0
.0
18.2
26.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
.0
.0
.0
100.0
100.0
TOTAL
NOTE:
CO
9.8
<D-
16.0
27-31
F-t
7.8
MARCH
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.
Ill
TABLE 7
"
L E S
S P E E D S ?
? ^ £ E
s
i y i 5
C
E
E
D ™ T
E V
R
! ? F
"°"TH
AS OF MARCH 26, 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
APRIL
7,616
268
1,548
44
420
312
90
1,943
0
0
0
1,031
1,960
MAY
1,647
52
379
6
41
45
7
283
0
0
0
243
591
JUNE
1,435
30
412
6
54
106
23
375
0
0
0
191
239
JULY
269
2
36
1
20
39
0
93
0
0
0
40
38
AUGUST
167
0
26
0
4
54
0
24
0
0
0
32
27
1,509
10
587
26
294
169
11
129
0
0
0
329
46
12,643
362
2,987
85
834
725
131
2,847
0
0
0
1,865
2,900
AFTER AUGUST
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.
Ill
>11
TABLE 8
saies
honth
AS OF MARCH 26, 1986
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN
ALL
DISTRICTS
BOSTON
NEW
YORK
PHILADELPHIA
CLEVELAND
RICHMOND
ATLANTA CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
APRIL
60.2
74.0
51.8
52.6
50.4
43.0
68.7
68.2
.0
.0
.0
55.3
67.6
MAY
13.0
14.5
12.7
7.3
5.0
6.1
5.5
9.9
.0
.0
.0
13.0
20.4
JUNE
11.4
8.3
13.8
7.2
6.5
14.7
17.2
13.2
.0
.0
.0
10.2
8.2
JULY
2.1
.4
1.2
1.8
2.4
5.4
.0
3.3
.0
.0
.0
2.1
1.3
AUGUST
1.3
.0
.9
.3
.5
7.4
.3
.9
.0
.0
.0
1.7
.9
11.9
2.8
19.6
30.8
35.3
23.3
8.3
4.5
.0
.0
.0
17.6
1.6
100.0
100.0
100.0
100.U
100.0
1C0.0
100.0
100.0
.0
.0
.0
100.0
100.0 J
AFTER AUGUST
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.
Ill
@FedFRASER