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L.4.1(731) NOT FOR PUBLICATION SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS AS OF MAY BANKING SECTION DIVISION OF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 Kjas'si'Si" -• » » « • * 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 oohest!! Kifi;rs^ E *§ E Ei;n«H T og s s « r a s s ? i ^ s ^ ; : ' ? s L is^sSsiir^ffSNiRir o r d,tes j m j ^ wt "ke i s s u in the " »* • « " « » ™ ' Ill 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 N0TE ' i £ g ? ! l " I s f r " w E # 5 E » u " o l ( T o i MTOEE»°SOF I S t S I - f s S K I r ' S f fS«5SS E V " , E S ™ 08 WI,E , T " T U R «"» E ™ E » « « 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 | 29 | MSESTIC Al?°TS A OF E «5 E Bn[!oS T OR SORF.S'OF ™ OFTTtE"kE!N5lRUSSNTHTOFE?ilE SUPPLY^FOR%URPOSESTOF*FUTURE^RADIHG!'^E """ H "°SE A R E C ™S» ™ " E " E » " MATU "E » « H °"E ™ E «™«NENO » « THE DELIVERABLE CD 1 | 1 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 H0TE ' S K I ! SlftrTftSfKIEiSS'S J ? c S K S o"TNE S C^!HM« U |SHTH T OF E Ti,E I S i T I f ! ! 2 ? F " THAT W T 0 M H H 0 S E C, "S A R E C0NSI,>ERE ° " H O S e • » » « ,M THE » « T "F THE OEtlVERA.lE CO 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 .0 .0 .0 4 •! H0,E ' DOMESTIC S g S S ' S M ' f f i R S ' g H0REE;ISJ? "0RE ISSU " " » « » « NITH Ill 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 i S k S f l «™II™E,iE!iiiFiS5To! S I N K ' S °«M0KE I S 5 " E B " Ill 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 "0TE' DOSE"?!! S i i i ; i A S ^ M E 5 K r i g a T i S ffinKrB £?cig!?SISiTi;Sf2?F CURIEHT'SSBIIY'ABE'IGIIOBES" " t e s thai , s s u "4iu«e THE " " « ™ -»s Ill 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 "0TE' DOMESTIC " M o " o F E . 5 E B " " » | T g HS'KT'BI:"' n "-'" " rTNESCAll»5ARUS8E?HTOFEfiiE C u i l l m ' s S K I r ' A i ^ M S " " " " ™ " "AIUM M0RE ISSUE ™ ° " «A«*S HITH "»YS