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L.4.1(731)
NOT FOR PUBLICATION

SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF DEPOSITS
AT LARGE COMMERCIAL BANKS
AS OF
MAY

BANKING SECTION
DIVISION OF RESEARCH AND STATISTICS
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM



27, 1987

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERICAL BANKS
AS OF MAY 27, 1987

OUTSTANDING
CD'S MATURING IN

AMOUNT
(IN MILLIONS)

\
1987

MAY

28-31

GROSS SALES (ESTIMATED)

PERCENTAGE

AMOUNT
(IN MILLIONS)

PERCENTAGE

1,830.8

3.6

JUNE

14,780.4

29.4

7,838.3

54.2

JULY

5,418.1

10.8

2,194.4

15.2

AUGUST

4,301.8

8.6

2,291.4

15.9

SEPTEMBER

1,775.2

3.5

673.9

4.7

OCTOBER

1,340.1

2.7

266.5

1.8

NOVEMBER

1,389.5

2.8

DECEMBER-MAY
(7-12 MONTHS)

5,845.8

11.6

1,188.3

8.2

OVER 12 MONTHS

13,612.0

27.1

50,293.8

100.0

14,452.7

100.0

TOTAL
AVERAGE MATURITIES
(IN MONTHS)

1

5.5

NUMBER OF BANKS
REPORTING

i s a s R s iisBS'sss'siifisj'ss




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V

III

TABLE 1
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF MAY

27, 1987

(AMOUNTS IN MILLIONS OF DOLLARS)
OUTSTANDINGS
CD1 MATURING IN

1987

HAY

TOTAL
28-31

j

SALES CESTIMATED)

1
OUTSIDE
NEW YORK CITY j NEW YORK CITY j
1
i

I

1
OUTSIDE
|
1 NEW YORK CITY 1 NEW YORK CITY I
1
!
1
1

TOTAL

1,830.8

488.7

1,342.1

JUNE

14,780.4

4,136.2

10,644.2

7,838.3

2,130.0

5,708.3

JULY

5,418.1

1,201.1

4,217.0

2,194.4

496.4

1,698.0

AUGUST

4,301.8

1,099.5

3,202.3

2,291.4

497.9

1,793.5

SEPTEMBER

1,775.2

419.2

1,356.0

673.9

100.8

573.1

OCTOBER

1,340.1

284.8

1,055.3

266.5

96.5

170.0

NOVEMBER

1,389.5

338.3

1,051.2

DECEMBER-MAY
(7-12 MONTHS)

5,845.8

3,165.3

2,680.5

1,188.3

280.0

908.4

OVER 12 MONTHS

13,612.0

4,899.4

8,712.7

50,293.8

16,032.4

34,261.4

14,452.7

3,601.5

10,851.2

TOTAL
AVERAGE MATURITIES
(IN MONTHS)
NUMBER OF BANKS
REPORTING

H0,E

'

5.5

6.4

5.0

38

9

29

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TABLE 2
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF MAY

27, 1987

(PERCENTAGE DISTRIBUTION)

1987

MAY

28-31

TOTAL

1 i
O 1
M |
3 1

1

SALES (ESTIMATED)
i

CD* MATURING IN

j

1
OUTSIDE
I
I NEW YORK CITY I NEW YORK CITY 1

TOTAL

|

i

OUTSTANDINGS

j

1
OUTSIDE
|
j NEW YORK CITY j

3.6

3.1

3.9

JUNE

29.4

25.8

31.1

54.2

59.1

52.6

JULY

10.8

7.5

12.3

15.2

13.8

15.6

AUGUST

8.6

6.9

9.4

15.9

13.8

16.5

SEPTEMBER

3.5

2.6

4.0

4.7

2.8

5.3

OCTOBER

2.7

1.8

3.1

1.8

2.7

1.6

NOVEMBER

2.8

2.1

3.1

DECEMBER-MAY
<7-12 MONTHS)

11.6

19.7

7.8

8.2

7.8

8.4

OVER 12 MONTHS

27.1

30.6

25.4

100.0

100.0

100.0

100.0

100.0

100.0

TOTAL

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TABLE 3
M A T U R I T Y DISTRIBUTION OF OUTSTANDINGS A N D SALES OF NEGOTIABLE TIME CERTIFICATES OF D E P O S I T
AT LARGE COMMERCIAL BANKS
A S OF M A Y

27, 1987

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

OUTSTANDINGS
C D ' S MATURING IN
1

1987

MAY

28-31

TOTAL

j

CD FUTURES
ICONTRACT BANKS 1

OTHER

1

SALES ( E S T I M A T E D )

j
1

1 CD F U T U R E S
I
1
CONTRACT BANKS I
1
1
1

TOTAL

|

OTHER

1,830.8

646.1

1,184.8

JUNE

14,780.4

5,026.1

9,754.3

7,838.3

2,552.9

5,285.4

JULY

5,418.1

1,474.2

3,943.9

2,194.4

730.2

1,464.2

AUGUST

4,301.8

981.1

3,320.7

2,291.4

561.2

1,730.2

SEPTEMBER

1,775.2

555.7

1,219.5

673.9

231.2

442.7

OCTOBER

1,340.1

417.6

922.6

266.5

97.8

168.7

NOVEMBER

1,389.5

468.5

921.1

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

5,845.8

3,443.3

2,402.5

1,188.3

408.9

779.4

OVER 12 MONTHS

13,612.0

6,808.6

6,803.5

50,293.8

19,821.0

30,472.8

14,452.7

4,582.2

9,870.5

TOTAL

A V E R A G E MATURITIES
(IN M O N T H S )
NUMBER OF BANKS
REPORTING

H0,E

'

5.5

11

38

6.7

1

9

4.7

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TABLE 4
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOCIT
AT LARGE COMMERCIAL BANKS
AS OF MAY

27, 1987

(PERCENTAGE DISTRIBUTION)
OUTSTANDINGS
CD'S MATURING IN

1987

MAY

TOTAL

28-31

SALES (ESTIMATED)

CD FUTURES
CONTRACT BANKS

OTHER

CD FUTURES
CONTRACT BANKS

TOTAL

OTHER

3.6

3.3

3.9

JUNE

29.4

25.4

32.0

54.2

55.7

JULY

53.5

10.8

7.4

12.9

15.2

15.9

AUGUST

14.8

8.6

5.0

10.9

15.9

12.2

17.5

SEPTEMBER

3.5

2.8

4.0

4.7

5.0

OCTOBER

4.5

2.7

2.1

3.0

1.8

2.1

NOVEMBER

1.7

2.8

2.4

3.0

DECEMBER-MAY
(7-12 MONTHS)

11.6

17.4

7.9

8.2

8.9

7.9

OVER 12 MONTHS

27.1

34.4

22.3

100.0

100.0

100.0

100.0

100.0

100.0

TOTAL

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TABLE 5
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF MAY

27, 1967

(AMOUNTS IN MILLIONS OF DOLLARS)

CD'S MATURING IN

1987

MAY

28-31

, ALL
DISTRICTS
1,831

BOSTON

,

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA CHICAGO

78

489

5

224

187

27

257

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

0

0

JUNE

14,780

369

4,136

189

1,180

1,452

298

2,846

0

0

o|
1
0

JULY

5,418

44

1,201

16

405

1,175

62

726

0

0

AUGUST

4,302

16

1,099

18

342

1,343

36

393

0

SEPTEMBER

1,775

12

419

9

122

431

43

213

OCTOBER

1,340

2

285

12

59

271

26

NOVEMBER

1,390

6

338

19

155

394

DECEMBER-MAY
(7-12 MONTHS)

5,846

3

3,165

74

675

OVER 12 MONTHS

13,612

3

4,899

265

50,294

534

16,032

607

TOTAL
AVERAGE MATURITIES
(IN MONTHS)

5.5

NUMBER OF BANKS
REPORTING

38

DALLAS

SAN
FRANCISCO

236

329

1,204

3,105

0

524

1,266

0

0

411

643

0

0

0

225

300

216

0

0

0

110

359

59

113

0

0

0

84

220

260

67

452

0

0

0

322

827

3,764

616

297

1,480

0

0

0

528

1,758

6,926

6,130

916

6,697

0

0

0

3,644

8,8081

3.9

4.5

IP

6.4

7.3

8.3

3.5

5.9

4.4

1

9

1

4

4

2

5

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TABLE 6
MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF MAY

27, 1987

(PERCENTAGE DISTRIBUTION)

CD'S MATURING IN
1987

MAY

28-31

.ALL
DISTRICTS

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

3.6

14.7

3.1

.8

3.2

3.1

2.9

3.8

.0

.0

.0

6.5

3.7

JUNE

29.4

6*.L

25.8

31.1

17.0

23.7

32.6

42.5

.0

.0

.0

33.1

JULY

35.3

10.8

8.2

7.5

2.7

5.8

19.2

6.8

10.8

.0

.0

.0

14.4

14.4

AUGUST

8.6

3.0

6.9

2.9

4.9

21.9

3.9

5.9

.0

.0

.0

11.3

7.3

SEPTEMBER

3.5

2.3

2.6

1.5

1.8

7.0

4.7

3.2

.0

.0

.0

6.2

3.4

OCTOBER

2.7

.4

1.8

2.1

.9

4.4

2.9

3.2

.0

.0

.0

3.0

4.1

NOVEMBER

2.8

1.1

2.1

3.1

2.2

6.4

6.5

1.7

.0

.0

.0

2.3

2.5

DECEMBER-MAY
(7-12 MONTHS)

11.6

.6

19.7

12.2

9.8

4.2

7.3

6.7

.0

.0

.0

8.8

9.4

OVER 12 MONTHS

27.1

.6

30.6

43.6

54.4

10.1

32.5

22.1

.0

.0

.0

14.5

20.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

.0

.0

.0

100.0

100.0

TOTAL

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TABLE 7
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF MAY

27, 1987

(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

JUNE

7,838

, 302

2,130

127

679

516

159

1,448

0

0

0

715

1,762

JULY

2,194

14

496

3

112

492

28

270

0

0

0

99

680

AUGUST

2,291

9

498

10

73

980

26

111

0

0

0

182

403

SEPTEMBER

674

5

101

0

17

326

30

34

0

0

0

22

138

OCTOBER

266

0

97

0

8

92

9

33

0

0

0

28

0

1,188

5

280

12

95

379

83

240

0

0

0

23

72

14,453

335

3,601

152

984

2,785

335

2,136

0

0

0

1,069

3,054

AFTER OCTOBER
TOTAL

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TABLE 8
SAIES ° % ? % I A : L E ^ m E « R T I F I C . , | S ? y ^ { L i « ! ? , S f K c T * »»»'"
AS OF MAY

27, 1987

(PERCENTAGE DISTRIBUTION)

CD'S MATURING IN

1 ALL
DISTRICTS

1

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA CHICAGO

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

JUNE

54.2

£0.2

59.1

83.6

69.0

18.5

47.6

67.8

.0

JULY

.0

.0

66.8

15.2

57.7

4.2

13.8

2.1

11.4

17.7

8.2

12.6

.0

AUGUST

.0

.0

15.9

9.3

22.3

2.6

13.8

6.3

7.5

35.2

7.9

5.2

.0

SEPTEMBER

.0

.0

17.0

4.7

13.2

1.6

2.8

.1

1.7

11.7

8.9

1.6

.0

OCTOBER

.0

.0

1.8

2.1

4.5

.0

2.7

.0

.8

3.3

2.7

1.5

.0

AFTER OCTOBER

.0

.0

8.2

2.7

.0

1.4

7.8

7.9

9.6

13.6

24.7

11.2

.0

.0

.0

100.0

2.1

100.0

2.4

100.0

100.0

100.0

100.0

100.0

100.0

.0

.0

.0

100.0

100.0

TOTAL

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