The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
November
17, 1981
L.4 .1 (731)
NOT FOR PUBLICATION
m m
^
NO
SURVEY OF MONETARY S T R U C T U R E OF O U T S T A N D I N G
LARGE D E N O M I N A T I O N C E R T I F I C A T E S OF DEPOSITS
AT LARGE COMMERCIAL BANKS
as of
October
28, 1981
Banki ng Section
Di vis ion of Research & S t a t i s t i c s
Board of G o v e r n o r s of the Federal Reserve System
;
-
TABLE
1
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G A N D SALES 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 D E P O S I T
AT L A R G E C O M M E R C I A L B A N K S
AS OF O C T O B E R
28,
1/
1981
(AMOUNTS IN M I L L I O N S OF D O L L A R S )
A M O U N T
CD'S MATURING
IN
TOTAL
I
I
I
_1
I
J
1
SALES S I N C E P R E V I O U S PERIOD
O U T S T A N D I N G
i
|
| NEW YORK CITY
I
|
OUTSIDE
| NEW YORK C I T Y
J
I
I
TOTAL
|
| NEW
YORK C I T Y
1
I
OUTSIDE
| NEW YORK C I T Y
5,503
1,155
4,348
NOVEMBER
41,442
11,039
30,403
16,513
3,884
12,629
DECEMBER
26,985
9,048
17,93?
7,697
2,316
5,381
20,500
5,711
14,789
20,369
4,273
16,097
MAY-OCTOBER
(7-12 MONTHS)
3,628
535
3,093
OVER
4,817
472
4,345
123,244
32,232
91,012
41,550
11,35P
30,192
40,869
9,984
30,885
16,840
5,191
11,650
BEYOND APRIL
(OVER 6 M O N T H S )
8,445
1,007
7,438
500
-33
533
D E C E M B E R 15
TAX MATURITY
2,226
986
1,240
2.5
2.1
2.7
2.9
3.'
2.8
1981 O C T O B E R
29-31
1982 J A N U A R Y
FEBRUARY-APRIL
(4-6 MONiHS)
12 M O N T H S
TOTAL
17,340 2/
5,158 2 /
12,182 2/
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
AVERAGE MATURITY
(IN M O N T H S )
3/
1/
2/
3/
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 OF i 1 0 0 , 0 0 0 OR MORE I S S U E D BY B A N K S WITH
D O M E S T I C A S S E T S OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977.
S A L E S WITH M A T U R I T I E S BEYOND S E C O N D M O N T H .
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 MATURITIES ARE A V A I L A B L E ON R E Q U E S T FROM THE B A N K I N G S E C T I O N ,
D I V I S I O N OF R E S E A R C H A N D S T A T I S T I C S , B O A R D OF G O V E R N O R S OF T H E F E D E R A L R E S E R V E S Y S T E M .
|
|
TABLE 2
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G A N D 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 OF D E P O S I T
AT L A B G E C O M M E R C I A L B A N K S
AS OF OCTOBER 28,
1981
/PERCENTAGE D I S T R I B U T I O N )
A M 0 U N T
C D ' S M A T U R I N G IN
|
TOTAL
0 U T S T A 1« D I N G
I
1
1 NEW YORK CITY
1
1/
I
OUTSIDE
1
1 NEW YORK CITY
1
<
|
1
1
1
|
i
S A L E S S I N C E P R E V I O U S PERIOD
TOTAL
I
I
I NEW
1
YORK C I T Y
1
OUTSIDE
1
1 NEW YORK C I T Y
1 ...
4.5
3.6
4.8
NOVEMBER
33.6
34.3
33.4
39.7
34.2
41.8
DECEMBER
21.9
28.1
19.7
18.5
20.4
17.8
16.6
17.7
16.3
16.5
13.3
17.7
MAY-OCIOBER
(7-12 MONTHS)
2.5
1.7
3.4
41.7 2 /
45.4 2/
40.4 2 /
OVER
3.9
1.5
4.8
100.0
100.0
100.0
100.0
100.0
33.2
31.0
33.9
40.5
45.7
38.6
B E Y O N D APRIL
(OVER 6 MONTHS)
6.9
3.1
8.2
1.2
-.3
1.8
D E C E M B E R 15
TAX M A T U R I T Y
1.8
3.1
1.4
1981 O C T O B E R 29-31
1982 J A N U A R Y
FEBRUARY-APRIL
(4-6 MONTHS)
12 M O N T H S
TOTAL
.
100.0
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
1/
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 OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY B A N K S WITH
D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS OF D E C E M B E R 3 1 , 1977.
S A L E S WITH M A T U R I T I E S B E Y O N D S E C O N D M O N T H .
I
1
1
J
|
|
1
J
TABLE 3
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G AND 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 D E P O S I T
AT L A R G E C O M M E R C I A L B A N K S
AS Of O C T O B E R 2 8 ,
1/
1981
(AMOUNTS IN M I L L I O N S Of DOLLARS)
A M O U N T
O U T S T A N D I N G
BANK S I Z E
C D ' S M A T U R I N G IN
I
J
(ASSETS)
SALES SINCE PREVIOUS PERIOD
_L
|
I
$1-5
BILLION
|
|
I
1981 O C T O B E R
29-31
$5 BILLION
A N D OVER
|
|
(ASSETS)
i
1
TOTAL
BANK SIZE
TOTAL
L
J
I
$1-5 BILLION
J
|
I
1
$5 B I L L I O N
A N D OVER
5,503
2,551
2,953
NOVEMBER
41,442
17,260
24,182
16,513
8,422
8,091
DECEMBER
26,985
9,166
17,819
7,697
3,303
4,394
20,500
6,639
13,860
20,369
6,656
13,713
MAY-OCTOBER
(7-12 MONTHS)
3,628
1,168
2,460
OVER
4,817
912
3,905
123,244
44,352
78,892
41,550
18,010
23,541
40,869
13,296
27,574
16,840
6,030
10,810
B E Y O N D APRIL
(OVER 6 MONTHS)
8,445
2,080
6,365
500
254
246
D E C E M B E R 15
TAX MATURITY
2,226
701
1,525
2.5
2.1
2.7
2.9
2.6
3.2
1982 J A N U A R Y
fEBRUARY-APRIL
(4-6 MONTHS)
12 M O N T H S
TOTAL
17,340 2/
6,284 2/
11,056 2/
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
AVERAGE MATURITY
(IN M O N T H S )
3/
1/
2/
3/
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 DEPOSIT IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY B A N K S WITH
D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS OF DECEMBER 3 1 , 1977.
S A L E S WITH M A T U R I T I E S BEYOND S E C O N D M O N T H .
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 MATURITIES A R B A V A I L A B L E ON R E Q U E S T FROM THE B A N K I N G S E C T I O N ,
D I V I S I O N O F R E S E A R C H A N D S T A T I S T I C S , B O A R D 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 S Y S T E M .
TABLE 4
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G A N D S A I L S OP 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 D E P O S I T
AT L A R G E C O M M E R C I A L B A N K S
AS OF OCTOBER
1/
28, 1981
(PERCENTAGE D I S T R I B U T I O N )
I
1
CD'S
M A T U R I N G IN
I
|
1
1
1
1
0
A M O U N T
i
JL_
TOTAL
1
1
1
1
U T S T A N D I N G
(ASSETS)
BANK S I Z E
$1-5 B I L L I O N
I
I
I
I
$5 BILLION
A N D OVER
|
1
|
1
1
|
|
1
SALES SINCE PREVIOUS PERIOD
BANK SIZE
TOTAL
$1-5 BILLION
(ASSESS)
I
|
|
I
$5 BILLION
A N D OVER
4.5
5.8
3.7
NOVEMBER
33.6
38.9
30.7
39.7
46.8
34.4
DECEMBER
21.9
20.7
22.6
18.5
18.3
18.7
16.6
15.0
17.6
16.5
15.0
17.4
MAY-OCTOBER
(7-12 MONTHS)
2.9
2.6
3.1
41.7 2 /
34.9 2 /
47,0 2/
OVER
3.9
2.1
5.0
100-0
100.0
100.0
100.0
100.0
100.0
33.2
30.0
35.0
40.5
33.5
45.9
B E Y O N D APRIL
(OVER 6 MONTHS)
6.9
4.7
8.1
1.2
1.4
1.0
D E C E M B E R 15
TAX M A T U R I T Y
1.8
1.6
1.9
1981 O C T O B E R
29-31
1982 J A N U A R Y
FEBRUARY-APRIL
(4-6 MONTHS)
12 M O N T H S
TOTAL
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
1/
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 OF $ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S WITH
D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS OF DECEMBER 3 1 , 1977.
S A L E S WITH M A T U R I T I E S B E Y O N D S E C O N D M O N T H .
J
I
|
I
I
|
|
I
TABLE 5
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G 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 D E P O S I T
A T 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 OF O C T O B E R 2 8 , 1981
(AMOUNTS IN M I L L I O N S OF D O L L A R S )
C D ' S M A T U R I N G IN
ALL
DISIRICTS
I
I
I
|
|
| BOSTON
I
I
I
I
NEW
1 PHILA-| CLEVE-I R I C H YORK |DELPHIAI
LAND | MOND
I
I
1
I
L
ATLANTA CHICAGO
I
I
ST.
LOUIS
| MINNE-I
| APOLISJ
I
I
I
I
I
I
i
L
L
I
I
I
I
I
I
I
I
L
1
SAN
<
KANSAS!
C I T Y | D A L L A S I F R A N - ,|
| CISCO |
I
5,503
480
1,312
112
464
242
121
814
40
126
124
546
1,123
NOVEMBER
41,442
2,053
12,672
943
2,824
1,338
857
5,683
381
653
1,224
3,670
9,143
DECEMBER
26,985
1,071
9,767
552
1,730
811
437
4,200
245
481
378
1,836
5,475
20,500
672
6,218
328
1,151
481
310
3,883
168
504
326
1,444
5,013
20,369
470
4,900
469
602
613
313
3,146
140
288
261
1,927
7,242
MAY-OCTOBER
(7-12 MONTHS)
3,628
44
634
117
143
105
55
488
49
34
48
281
1,629
OVER
4,817
27
510
91
330
34
27
270
39
108
28
275
3,076
123,244
4,818
36,013
2,611
7,245
3,625
2,120
18,486
1,062
2,194
2,389
9,979
32,702
40,869
1,142
11,118
797
1,753
1,095
623
7,029
308
792
587
3,370
12,255
B E Y O N D APRIL
(OVER 6 MONTHS)
8,445
72
1,144
208
473
138
82
758
88
143
76
557
4,705
D E C E M B E R 15
TAX M A T U R I T Y
2,226
64
1,051
14
99
54
21
264
29
45
30
150
404
AVERAGE MATURITY
(IN MONTHS)
2/
2.5
1.6
2.1
2.6
2.2
2.1
2.0
2.3
2.5
2.5
1.8
2.4
3.5
NUMBER OF B A N K S
127
9
19
7
11
13
10
15
5
3
5
8
22
1981 O C T O B E R 29-31
1982 J A N U A R Y
FEBRUARY-APRIL
(4-6 MONTHS)
12 .MONTHS
TOTAL
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
1/
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 01 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 WITH
D O M E S T I C A S S E T S OF $1 B I L L I O N OB MORE AS OF DECEMBER 3 1 , 1977.
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 THAT USED FOR *TOTAX* O U T S T A N D I N G S C O L U M N IN T A B L E 1.
TABLE 6
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T
AT 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 F I C T
AS OF O C T O B E R 28, 1981
C D ' S M A T U R I N G IN
O C T O B E R 29-31
4.5
i
l
BOSTON]
I
o
o
1981
ALL
DISTRICTS
{PERCENTAGE DISTRIBUTION)
I
NEW
YORK
I
I
I
1
I
I
I
I
i
| PHILAtj CLEVE-I R I C H 1 DELPHIA|
LAND | MOND
I
L
ATLANTA C H I C A G O
ST.
LOUIS
I
I
| MINNE-I
| APOLISJ
I
I
I
I
KANSACI
I
SAN
C I T Y | DALLAS# F R A N | CISCO
I
J
3.6
4.3
6.4
6.7
5.7
4.4
3.8
5.7
5.2
5.5
3.4
NOVEMBER
33.6
42.6
35.2
36.1
39.0
36.9
40.5
30.8
35.8
29.8
51.2
36.8
28.0
DECEMBER
21.9
22.2
27.1
21.1
23.9
22.4
20.6
22.7
23.1
21.9
15.8
18.4
16.7
16.6
13.9
17.3
12.6
15.9
13.3
14.6
21.0
15.9
23.0
13.7
14.5
15.3
16.5
9.8
13.6
17.9
8.3
16.9
14.8
17.0
13.2
13.1
10.9
19.3
22.2
MAY-OCTOBER
(7-12 MONTHS)
2.9
.9
1.8
4.5
2.0
2.9
2.6
2.6
4.6
1.6
2.0
2.8
5.0
OVER
3.9
.6
1.4
3.5
4.6
.9
1.3
1.5
3.7
4.9
1.2
2.8
9.4
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
33.2
23.7
30.9
30.5
24.2
30.2
29.4
38.0
29.0
36.1
24.6
33.8
37.5
BEYOND APRIL
(OVES 6 MONTHS)
6.9
1.5
3.2
8.0
6.5
3.8
3.9
4.1
8.3
6.5
3.2
5.6
14.4
D E C E M B E R 15
TAX M A T U R I T Y
1.8
1.3
2.9
.6
1.4
1.5
1.0
1.4
2.8
2.1
1.3
1.5
1.2
1982 J A N U A R Y
FEBRUARY-APRIL
(4-6 MONTHS)
12 M O N T H S
TOTAL
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
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 OF $100,000 OR
D O M E S T I C A S S E T S OF $1 B I L L I O N OR MORE AS OF D E C E M B E R 3 1 , 1977.
MORE I S S U E D BY B A N K S WITH
w
TABLE 7
SALES 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 D E P O S I T S I N C E P R E V I O U S MONTH
AT 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 O C T O B E R
28, 1981
(AMOUNTS IN M I L L I O N S OF DOLLARS),,
ALL
DISTRICTS
C D ' S M A T U R I N G IN
BOSTON
NEW
YORK
I
I
I
I
I
I
I
I
i
i
1
i
I
i
I
i
I
i
i
I
J
I
I
I
I
1
_L
I
L
1
1
1
|
ST.
|
|ATLANTA C H I C A G O | L O U I S
I
I
| PHILA-J CLtiVE-| R I C H |DELPHIAj
L A N D | MOND
| MINNE-I K A N S A S |
I SAN
| APOLISI
CITY | DALLAS| PEAKI
I
I
I CISCO
i
J
|
J
NOVEMBER
16,513
979
4,655
388
1,203
649
426
1,818
166
288
824
1,817
3,299
DECEMBER
7,697
456
2,533
252
518
356
204
1,283
81
196
216
489
1,111
17,340
564
5,757
371
565
462
315
3,156
144
464
213
1,372
3,958
41,550
1,999
12,946
1,011
2V286
1,467
945
6,258
391
948
1,253
3,677
8,369
16,840
583
5,749
321
518
462
289
3,011
149
435
208
1.382
3,736
500
-19
9
49
47
0
26
145
-4
29
5
-10
222
2.9
2.3
2.9
2.9
2.3
2.5
3.3
2.6
3.3
1.9
2.6
3. 1
1982 J A N U A R Y OR LATER
TOTAL
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
AVERAGE MATURITY
(IN MONTHS)
3/
1/
2/
3/
2/
to
B E Y O N D APaiL
(OVER 6 MONTHS)
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 Oi 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 OB M O R E I S S U E D BY B A N K S WITH
D O M E S T I C ASSETS OF $1 B I L L I O N O B MOBE AS OF DECEHBEB 3 1 , 1977.
D E T A I L S MAY N O ! ADD TO T O T A L S DUE TO B O U N D I N G .
N E G A T I V E V A L U E S , FOB S O M E D I S T B I C T S , S O M E T I M E S B E S U L T FBOM THE P B O C E D U B E THAT E S T I M A T E S S A L E S F O B T H E
7TH MONTH OF THE T O T A L OF 7 - 1 2 MONTH M A T U R I T I E S OF THE P R E V I O U S S U B V E Y .
T H E S E E S T I M A T E S ARE B A S E D ON A BATIO OF THE 7TH MONTH TO THE T O T A L OF 7 - 1 2 M O N T H S FOB ALL REPOBJtEBS
R A T H E R THAN FOB THE I N D I V I D U A L D I S T B I C T S .
WEIGHTING P R O C E D U R E IS T H E S A M E AS T H A T USED FOR •TOTAL* 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 D E P O S I T S I N C E P R E V I O U S MONTH
AT 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 O C T O B E R 2 8 , 1981
CD'S
MATURING IN
ALL
DISTRICTS
I
I
|
BOSTON |
I
/PERCENTAGE D I S T R I B U T I O N )
I
I
NEH
YORK
L
I
I
| P H I L A - | CLEVE-I RICHJ DELPHIA|
LAND | MOND
I
I
1
I
I
I
I
I
ATLANTA|CHICAGO
I
L
I
L_
ST.
LOUIS
L
I
I
I
I
I
I
I
I
I
L
I
1
| MINNE-I K A N S A S !
I SAN
| APOLIS|
CITY | DALLAS| FRAN|
1
|
| CISCO
NOVEMBER
39.7
49.0
36.0
38.4
52. 6
44.3
45. 1
29.1
42.4
30.4
65.8
45.4
39.4
DECEMBER
18.5
22.8
19.6
25.0
22.7
24.3
21.6
20.5
20.7
20.6
17.2
13.3
13.3
41.7
28.2
44.5
36.7
24.7
31.5
33.3
50.4
36.9
49.0
17.0
3^.3
47.3
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
40.5
29.2
44.4
31.8
22.6
31.5
30.6
48.1
38.0
45.9
16.6
37.6
44.6
1.2
-.9
.1
4.9
2.1
.0
2.8
2.3
-1.1
3.0
.4
-.3
2.7
1982 J A N U A R Y OR LATER
101AL
MEMORANDUM:
JANUARY-APRIL
(3-6 MONTHS)
B E Y O N D APBIL
(OVER 6 MONTHS)
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 OF $ 1 0 0 , 0 0 0 OR MORE I S S U E D BY B A N K S WITH
D O M E S T I C A S S E T S OF $1 BILLION OR MORE AS O F D E C E M B E R 3 1 , 1977.
D E T A I L S MAY N O T ADD TO T O T A L S DUE TO R O U N D I N G .
X
@FedFRASER