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L.4.1(731) NOT FOR PUBLICATION \ SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS AS OF NOVEMBER BANKING SECTION D I V I S I O N OF RESEARCH AND STATISTICS BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 26, 1986 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERICAL BANKS AS OF NOVEMBER 2 6 , 1986 OUTSTANDING CD'S MATURING I N 1986 NOVEMBER 27-30 PERCENTAGE 1 j1 j AMOUNT ( I N MILLIONS) PERCENTAGE 976.8 2.2 12,949.4 28.4 7,307.4 65.2 JANUARY 5,487.8 12.1 1,404.6 12.5 FEBRUARY 2,281.5 5.0 900.0 8.0 MARCH 1,760.9 3.9 373.6 3.3 APRIL 1,192.9 2.6 152.8 1.4 MAY 1,475.8 3.2 JUNE-NOVEMBER ( 7 - 1 2 MONTHS) 5,374.2 11.8 1,063.1 9.5 OVER 12 MONTHS 14,028.2 30.8 45,527.5 100.0 11,201.4 100.0 DECEMBER 1987 AMOUNT ( I N MILLIONS) GROSS SALES (ESTIMATED) TOTAL AVERAGE MATURITIES ( I N MONTHS) 5.9 NUMBER OF BANKS REPORTING 38 NOTE: INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF * 5 BILLION OR MORE AS OF DECEMBER 3 1 , 1982. GROSS SALES ESTIMATES REFLECT CHANGES FROM THE PREVIOUS SURVEY TO THE CURRENT SURVEY I N OUTSTANDINGS FOR EACH OF THE FIRST FIVE FULL MONTHS AND FOR OUTSTANDINGS BEYOND THE FIFTH MONTH. CHANGES I N 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 NOVEMBER 26, 1986 (AMOUNTS I N MILLIONS OF DOLLARS) I I I OUTSTANDINGS CD1 MATURING I N 1986 NOVEMBER TOTAL 27-30 TOTAL I I OUTSIDE | 1 NEW YORK CITY 1 j NEW YORK CITY j 1 976 .8 422.8 554.0 12,949 .4 3,418.7 9,530.8 7 , 3 0 7 .4 1,822 8 5,484.6 JANUARY 5 , 4 8 7 .8 1,504.0 3,983.7 1,404 6 299 6 1,105.0 FEBRUARY 2,281 .5 477.4 1,804.1 900 .0 175 1 724.9 MARCH 1 , 7 6 0 .9 356.3 1,404.6 373 .6 48 4 325.1 APRIL 1 , 1 9 2 .9 216.1 976.8 152 .8 44 0 108.9 MAY 1 , 4 7 5 .8 444.7 1,031.0 JUNE-NOVEMBER ( 7 - 1 2 MONTHS) 5,374 .2 1,277.5 4,096.7 1,063 .1 677. 1 386.0 OVER 12 MONTHS 14,028 .2 5,782.2 8,246.0 45,527 .5 13,899.8 31,627.7 1 1 , 2 0 1 .4 3,066. 9 8,134.5 DECEMBER 1987 OUTSIDE I 1 NEW YORK CITY 1 I NEW YORK CITY 1 1 1 SALES (ESTIMATED) TOTAL AVERAGE MATURITIES ( I N MONTHS) NUMBER OF BANKS REPORTING NOTE: I | 1 59 6.9 38 9 j i 55 " 1 1 !1 11 INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 3 1 , 1982. TOTAL SALES I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE I N 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 NOVEMBER 26, 1986 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD1 MATURING IN 1 1986 1987 NOVEMBER 27-30 TOTAL SALES (ESTIMATED) OUTSIDE 1 1I NEW YORK CITY |1 NEW YORK CITY 1I 1 1 1 TOTAL NEW YORK CITY OUTSIDE NEW YORK CITY 2.2 3.0 1.8 DECEMBER 28.4 24.6 30.1 65.2 59.4 67.4 JANUARY 12.1 10.8 12.6 12.5 9.8 13.6 FEBRUARY 5.0 3.4 5.7 8.0 5.7 8.9 MARCH 3.9 2.6 4.4 3.3 1.6 4.0 APRIL 2.6 1.6 3.1 1.4 1.4 1.3 MAY 3.2 3.2 3.3 JUNE-NOVEMBER ( 7 - 1 2 MONTHS) 11.8 9.2 13.0 9.5 22.1 4.7 OVER 12 MONTHS 30.8 41.6 26.1 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL NOTEi 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 3 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF NOVEMBER 26, 1986 (AMOUNTS I N MILLIONS OF DOLLARS) I | I CD •S MATURING I N 1986 TOTAL CD FUTURES I CONTRACT BANKS 1 OTHER 1 1 1 I I I SALES (ESTIMATED) TOTAL |1 CD FUTURES I |CONTRACT BANKS I1 1 1 1 OTHER 976 .8 423.4 553 .4 1 2 , 9 4 9 .4 4,359.8 8 , 5 8 9 .6 7,307.4 2,339.0 4 , 9 6 8 .4 JANUARY 5 , 4 8 7 .8 1,778.3 3 , 7 0 9 .4 1,404.6 458.8 945 .8 FEBRUARY 2,281 .5 634.4 1 , 6 4 7 .0 900.0 216.3 683 .7 MARCH 1 , 7 6 0 .9 533.5 1,227 4 373.6 141.2 232 .4 APRIL 1 , 1 9 2 .9 303.2 889 .7 152.8 54.2 98 .6 MAY 1 , 4 7 5 .8 740.6 735 .2 JUNE-NOVEMBER ( 7 - 1 2 MONTHS) 5,374 .2 2,001.5 3 , 3 7 2 .7 1,063.1 825.7 237 .4 OVER 12 MONTHS 14,028 . 2 7,658.7 6 , 3 6 9 .4 45,527 .5 18,433.5 2 7 , 0 9 4 .0 11,201.4 4,035.1 7 , 1 6 6 .3 NOVEMBER 27-30 DECEMBER 1987 I I I OUTSTANDINGS TOTAL AVERAGE MATURITIES ( I N MONTHS) NUMBER OF BANKS REPORTING NOTE. 5.9 38 7.0 I! ' 5.2 29 INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 3 1 , 1 9 8 2 . TOTAL SALES I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE I N 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. 1 TABLE 4 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF NOVEMBER 26, 1986 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD'S MATURING I N 1986 1987 NOVEMBER 27-30 TOTAL CD FUTURES CONTRACT BANKS OTHER CD FUTURES CONTRACT BANKS TOTAL j OTHER 1 2.2 2.3 2.0 DECEMBER 28.4 23.7 31 .7 65.2 58.0 69.3 JANUARY 12.1 9.7 13.7 12.5 11.4 13.2 FEBRUARY 5.0 3.4 6.1 8.0 5.4 9.5 MARCH 3.9 2.9 4.5 3.3 3.5 3.2 APRIL 2.6 1.6 3.3 1.4 1.3 1.4 MAY 3.2 4.0 2.7 JUNE-NOVEMBER ( 7 - 1 2 MONTHS) 11.8 10.9 12.5 9.5 20.5 3.3 OVER 12 MONTHS 30.8 41.6 23.5 100.0 100.0 100.0 100.0 100.0 100.0 TOTAL N 1 1 1 SALES (ESTIMATED) °TE' DOMESTIC ASSETS A 0F%5 E BILLISN T 0R H O R E ^ O F DECEMSHR 1 3?T'1Sf 2 ° F * 1 0 ° ' 0 0 0 ° R ;?T?iiEsJtfiN5iRusfsTsTFETDHE CU^IN?%skIYb!^SN^rEDey ^pDpRTUF5RESpSS?;iAEiT0BFA?5?;R^S?N5HOSE MH0SE CD "S ARE d a t e s t h a t m a t u r e M i n °RE t h e ISSUED BY BANKS r e m a i n i n g N I T H d a y s CONSIDERED AS PART OF THE DELIVERABLE CD TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF NOVEMBER 26, 1986 (AMOUNTS I N MILLIONS OF DOLLARS) ALL DISTRICTS CD'S MATURING I N 1986 NEW YORK PHILADELPHIA CLEVELAND ATLANTA CHICAGO RICHMOND ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 977 36 423 3 50 38 4 133 0 0 0 149 140 12,949 562 3,419 134 933 760 110 2,355 0 0 0 1,728 2,950 JANUARY 5,488 148 1,504 39 337 795 47 818 0 0 0 520 1,279 FEBRUARY 2,281 28 477 44 91 540 30 321 0 0 0 300 451 MARCH 1,761 79 356 10 91 411 11 308 0 0 0 166 330 APRIL 1,193 2 216 7 84 226 69 198 0 0 0 174 216 MAY 1,476 2 445 21 81 84 15 164 0 0 0 197 469 JUNE-NOVEMBER ( 7 - 1 2 MONTHS) 5,374 9 1,278 80 728 240 62 922 0 0 0 585 1,471 OVER 12 MONTHS 14,028 3 5,782 308 3,231 563 102 957 0 0 0 855 2,226 45,527 868 13,900 645 5,626 3,656 449 6,177 0 0 0 4,674 9,532 4.6 5.4 4 8 NOVEMBER 27-30 DECEMBER 1987 BOSTON TOTAL AVERAGE MATURITIES ( I N MONTHS) 5.9 NUMBER OF BANKS REPORTING 38 NOTE, 1.3 8.9 " 1 4 ' ! f , , j 4 5.6 ! 11 4.4 .0 .0 .0 ! 2 5 ' INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 3 1 , 1982. TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF NOVEMBER 26, 1986 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS CD'S MATURING I N 986 987 NOVEMBER 27-30 BOSTON NEW YORK [PHILACLEVEDELPHIA LAND 1 1 RICHMOND ATLANTA|CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO 2.2 4.2 3.0 .4 .9 1.0 .8 2.2 .0 .0 .0 3.2 1.5 DECEMBER 28.4 64.7 24.6 20.7 16.6 20.8 24.6 38.1 .0 .0 .0 37.0 31.0 JANUARY 12.1 17.1 10.8 6.0 6.0 21.8 10.4 13.3 .0 .0 .0 11.1 13.4 FEBRUARY 5.0 3.2 3.4 6.9 1.6 14.8 6.6 5.2 .0 .0 .0 6.4 4.7 MARCH 3.9 9.0 2.6 1.6 1.6 11.2 2.5 5.0 .0 .0 .0 3.6 3.5 APRIL 2.6 .2 1.6 1.1 1.5 6.2 15.3 3.2 .0 .0 .0 3.7 2.3 MAY 3.2 .2 3.2 3.2 1.4 2.3 3.3 2.7 .0 .0 .0 4.2 4.9 JUNE-NOVEMBER ( 7 - 1 2 MONTHS) 11.8 1.1 9.2 12.4 12.9 6.6 13.9 14.9 .0 .0 .0 12.5 15.4 OVER 12 MONTHS 30.8 .4 41.6 47.8 57.4 15.4 22.6 15.5 .0 .0 .0 18.3 23.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 TOTAL NOTE: INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 3 1 , 1982. r TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF NOVEMBER 26, 1986 (AMOUNTS I N MILLIONS OF DOLLARS) CD'S MATURING I N 987 ALL | DIST- | BOSTON RICTS | NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO DECEMBER 7,307 429 1,823 106 465 269 70 1,433 0 0 0 1,089 1,624 JANUARY 1,405 58 300 12 64 187 13 237 0 0 0 168 367 FEBRUARY 900 26 175 2 32 200 18 80 0 0 0 166 201 MARCH 374 46 48 0 5 130 2 37 0 0 0 12 94 APRIL 153 0 44 0 6 60 0 18 0 0 0 12 14 AFTER APRIL 1,063 3 677 1 151 126 31 117 0 0 0 163 122 TOTAL 11,201 561 3,067 121 723 971 133 1,922 0 0 0 1,609 2,422 NOTE: INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 3 1 , 1982. TOTAL SALES I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE I N THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED. TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF NOVEMBER 26, 1986 (PERCENTAGE DISTRIBUTION) CD'S MATURING I N 1987 ALL DISTRICTS I BOSTON| NEW I YORK 1 i I PHILAIDELPHIA 1 CLEVELAND RICHMOND ATLANTA|CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO DECEMBER 65.2 76.5 59.4 87.7 64.3 27.7 52.6 74.6 .0 .0 .0 67.7 67.0 JANUARY 12.5 10.3 9.8 10.1 8.8 19.2 9.4 12.3 .0 .0 .0 10.4 15.2 FEBRUARY 8.0 4.6 5.7 1.6 4.5 20.6 13.8 4.2 .0 .0 .0 10.3 8.3 MARCH 3.3 8.1 1.6 .0 .7 13.4 1.1 1.9 .0 .0 .0 .7 3.9 APRIL 1.4 .0 1.4 .0 .8 6.1 .0 .9 .0 .0 .0 .7 .6 AFTER APRIL 9.5 .5 22.1 .5 20.9 13.0 23.1 6.1 .0 .0 .0 10.1 5.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 TOTAL NOTE, INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF * 5 BILLION OR MORE AS OF DECEMBER 3 1 , 1982. TOTAL SALES I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE I N THE REMAINING DAYS OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED.
@FedFRASER