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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NOT FOR PUBLICATION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

i
|
| NEW YORK CITY

I
|
OUTSIDE
| NEW YORK C I T Y

J

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

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!
|
CITY | DALLAS I FRAN- ,
| 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

ATLANTA|CHICAGO

I
L

I

L_

ST.
LOUIS

L

I
I

I
I

I
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


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102