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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NOT FOR PUBLICATION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




27,

1985

MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERICAL BANKS
AS OF NOVEMBER 2 7 , 1985

OUTSTANDING
CD'S MATURING I N

1985

NOVEMBER

28-30

AMOUNT
( I N MILLIONS)

GROSS SALES (ESTIMATED)
PERCENTAGE

1
j1
1
1

AMOUNT
( I N MILLIONS)

PERCENTAGE

881.9

1.8

15,747.3

31.6

7,850.3

56.2

JANUARY

7,842.3

15.8

2,587.9

18.5

FEBRUARY

3,523.2

7.1

1,623.1

11.6

MARCH

2,695.4

5.4

291.0

2.1

APRIL

1,991.8

4.0

150.3

1.1

MAY

1,644.8

3.3

JUNE-NOVEMBER
( 7 - 1 2 MONTHS)

5,595.2

11.2

1,466.0

10.5

OVER 12 MONTHS

9,851.6

19.8

49,773.6

100.0

13,968.6

100.0

DECEMBER
1986

TOTAL
AVERAGE MATURITIES
( I N MONTHS)

4.7

NUMBER OF BANKS
REPORTING

39

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 B I L L I O N OR MORE AS OF DECEMBER 3 1 , 1 9 8 2 .
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.




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

27, 1985

(AMOUNTS IN MILLIONS OF DOLLARS)

SALES (ESTIMATED)

OUTSTANDINGS
CD1 MATURING IN

TOTAL

OUTSIDE
1
NEW YORK CITY I1 NEW YORK CITY
1
1

TOTAL

NEW YORK CITY

1
OUTSIDE
I
NEW YORK CITY I

881.9

205.5

676.5

15,747.3

3,948.8

11,798.5

7,850.3

1,980.2

5,870.0

|

JANUARY

7,842.3

2,383.3

5,459.0

2,587.9

764.1

1,823.8

I

FEBRUARY

3,523.2

860.7

2,662.6

1,623.1

363.4

1,259.7

I

MARCH

2,695.4

911.9

1,783.5

291.0

55.9

235.1

1

APRIL

1,991.8

781.8

1,210.0

150.3

22.8

127.5

I

MAY

1,644.8

260.8

1,384.1

JUNE-NOVEMBER
( 7 - 1 2 MONTHS)

5,595.2

1,752.7

3,842.5

1,466.0

316.8

1,149.2

1

OVER 12 MONTHS

1985

9,851.6

2,331.9

7,519.7

49,773.6

13,437.3

36,336.3

13,968.6

3,503.2

10,465.3

NOVEMBER

28-30

DECEMBER
1986

TOTAL

AVERAGE MATURITIES
( I N MONTHS)

NUMBER OF BANKS
REPORTING

NOTE:


http://fraser.stlouisfed.org/
II
Federal Reserve Bank of St. Louis

1

4.7

4.6

1
1
1

4.7

39

9

1

30

i
1
1

!

i
i

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.

|
I

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

27, 1985

(PERCENTAGE DISTRIBUTION)

SALES (ESTIMATED)

OUTSTANDINGS
CD1 MATURING IN

1985

TOTAL

NEW YORK CITY

OUTSIDE
|
NEW YORK CITY j

1.8

1.5

1.9

31.6

29.4

32.5

56.2

56.5

56.1

JANUARY

15.8

17.7

15.0

18.5

21.8

17.4

FEBRUARY

7.1

6.4

7.3

11.6

10.4

12.0

MARCH

5.4

6.8

4.9

2.1

1.6

2.2

APRIL

4.0

5.8

3.3

1.1

.7

1.2

MAY

3.3

1.9

3.8

JUNE-NOVEMBER
( 7 - 1 2 MONTHS)

11.2

13.0

10.6

10.5

9.0

11.0

OVER 12 MONTHS

19.8

17.4

20.7

100.0

100.0

100.0

100.0

100.0

100.0

TOTAL

NOTE:


II


28-30

l
OUTSIDE
|
1
NEW YORK CITY II NEW YORK CITY |
1
1
1

DECEMBER
1986

NOVEMBER

TOTAL

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 I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS
OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED.

\

II
TABLE 3
MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
AS OF NOVEMBER

27, 1985

(AMOUNTS IN MILLIONS OF DOLLARS)

SALES (ESTIMATED)

OUTSTANDINGS
CD'S MATURING IN

TOTAL

CD FUTURES
I
CONTRACT BANKS J

OTHER

1
J

TOTAL

CD FUTURES
I
CONTRACT BANKS j

1

OTHER

1

!

!

881.9

303.7

578.2

15,747.3

5,543.9

10,203.5

7,850.3

2,624.5

5,225.7

i
|

JANUARY

7,842.3

3,026.3

4,816.0

2,587.9

1,007.7

1,580.2

I

FEBRUARY

3,523.2

1,212.4

2,310.8

1,623.1

406.4

1,216.7

MARCH

2,695.4

1,470.3

1,225.1

291.0

141.5

149.5

1
j
I

APRIL

1,991.8

840.9

1,150.8

150.3

22.3

127.9

MAY

1,644.8

558.6

1,086.2

JUNE-NOVEMBER
( 7 - 1 2 MONTHS)

5,595.2

2,661.9

2,933.3

1,466.0

439.4

1,026.6

OVER 12 MONTHS

1985

9,851.6

5,274.0

4,577.5

|

49,773.6

20,892.1

28,881.5

13,968.6

4,641.9

9,326.7

1

NOVEMBER

28-30

DECEMBER
1986

TOTAL

AVERAGE MATURITIES
( I N MONTHS)
NUMBER OF BANKS
REPORTING

NOTE:




1

!
1
1
1

4.7

39

1

!
!
I

5.5

4.2
/

9

30

I

!

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 I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN 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

I

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

27, 1985

(PERCENTAGE DISTRIBUTION)

I
CD'S MATURING IN

NOVEMBER

TOTAL

28-30

1 CD FUTURES
|CONTRACT BANKS

!

!

OTHER

1
!I
1
1

!

SALES (ESTIMATED)

TOTAL

CD FUTURES
CONTRACT BANKS

OTHER

1.8

1.5

2.0

DECEMBER

31.6

26.5

35.3

56.2

56.5

56.0

JANUARY

15.8

14.5

16.7

18.5

21.7

16.9

FEBRUARY

7.1

5.8

8.0

11.6

8.8

13.0

MARCH

5.4

7.0

4.2

2.1

3.0

1.6

APRIL

4.0

4.0

4.0

1.1

.5

1.4

MAY

3.3

2.7

3.8

JUNE-NOVEMBER
( 7 - 1 2 MONTHS)

11.2

12.7

10.5

9.5

11.0

OVER 12 MONTHS

1986

19.8

25.2

15.9

100.0

100.0

100.0

100.0

100.0

100.0

TOTAL

NOTE:

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 3 1 , 1982.
TOTAL SALES I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN 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
1
I

CM
O
i—1

1985

OUTSTANDINGS

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

2 7 , 1985

(AMOUNTS IN MILLIONS OF DOLLARS)

ALL
DISTRICTS

CD'S MATURING IN

1985

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA CHICAGO

MINNEAPOLIS

ST.
LOUIS

KANSAS
CITY

1 .
1 SAN
DALLAS| FRAN1 CISCO
1

|
|
|
1

882

16

205

3

63

88

7

192

0

0

0

110

15,747

343

3,949

80

787

517

150

3,887

0

0

0

2,651

1971
j
3,3841

JANUARY

7,842

81

2,383

12

742

444

52

1,373

0

0

0

1,033

1,7231

FEBRUARY

3,523

40

861

13

223

347

39

731

0

0

0

557

7121

MARCH

2,695

7

912

5

77

189

16

322

0

0

0

483

6851

APRIL

1,992

7

782

2

202

97

19

207

0

0

0

330

346 1

MAY

1,645

3

261

0

154

104

12

141

0

0

0

463

5081

JUNE-NOVEMBER
( 7 - 1 2 MONTHS)

5,595

14

1,753

33

487

157

37

642

0

0

0

823

1,6481
1

OVER 12 MONTHS

9,852

37

2,332

208

914

320

182

772

0

0

0

1,105

3,9821

49,774

549

13,437

357

3,649

2,263

514

8,266

0

0

0

7,555

13,1841

NOVEMBER

28-30

DECEMBER
1986

'

TOTAL

AVERAGE MATURITIES
( I N MONTHS)

4.7

2.0

4.6

j1

8.5

1
NUMBER OF BANKS
REPORTING

NOTE:

39

1

9

1
I
i1

!
1

1
1

s.«

1
!

4.0

1
i
1

1
4

1
|

6.1

3.0

.0

.0

4 2

i
4

2

5

!

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 3 1 , 1982.



II

1
1

.0

4

'
6.0

! !
9

1
|
' 1
1
1
|

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

2 7 , 1985

(PERCENTAGE DISTRIBUTION)

ALL
DISTRICTS

CD'S MATURING IN

1985

NOVEMBER

28-30

BOSTON

NEW
YORK

PHILADELPHIA

CLEVELAND

RICHMOND

ATLANTA CHICAGOj1 ST.
1 LOUIS
1

MINNEAPOLIS

KANSAS
CITY

DALLAS

SAN
FRANCISCO

3.0

1.5

1.0

1.7

3.9

1.3

2.3

.0

.0

.0

1.5

1.5

DECEMBER
1986

1.8
31.6

62.5

29.4

22.5

21.6

22.9

29.2

47.0

.0

.0

.0

35.1

25.7

JANUARY

15.8

14.7

17.7

3.4

20.3

19.6

10.1

16.6

.0

.0

.0

13.7

13.1

FEBRUARY

7.1

7.3

6.4

3.6

6.1

15.3

7.6

8.9

.0

.0

.0

7.4

5.4

MARCH

5.4

1.3

6.8

1.4

2.1

8.3

3.2

3.9

.0

.0

.0

6.4

5.2

APRIL

4.0

1.3

5.8

.5

5.5

4.3

3.6

2.5

.0

.0

.0

4.4

2.6

MAY

3.3

.5

1.9

.1

4.2

4.6

2.3

1.7

.0

.0

.0

6.1

3.9

JUNE-NOVEMBER
( 7 - 1 2 MONTHS)

11.2

2.6

13.0

9.4

13.4

7.0

7.2

7.8

.0

.0

.0

10.9

12.5

OVER 12 MONTHS

19.8

6.7

17.4

58.2

25.1

14.2

35.4

9.3

.0

.0

.0

14.6

30.2

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 IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982.




il

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

27, 1985

(AMOUNTS IN MILLIONS OF DOLLARS)

CD'S MATURING IN

ALL
DISTBOSTON
RICTS |
1

NEW
YORK

PHILACLEVE-I! RICH|
DELPHIA!1 LAND | MOND
1
1
1

1
I
!
1
1
1
ATLANTA CHICAGO|
1 MINNE-I! KANSAS
1 L^UIS 1 APOLIS|j CITY
1
I
1
1

DALLAS

1
SAN |
FRAN- |
CISCO |

DECEMBER
1986

7,850

228

1,980

57

463

256

101

1,836

0

0

01

1,497

1
1,4311

JANUARY

2,588

26

764

6

109

184

14

639

0

0

" 1

262

5831

FEBRUARY

1,623

38

363

6

75

143

21

490

0

0

01
1

240

MARCH

291

0

56

0

9

20

1

140

0

0

30

APRIL

150

0

23

0

9

16

0

54

0

0

27

1,466

3

317

37

128

71

14

497

0

0

0|
° !1
j
1
01
1

2481
1
351
1
22|

191

2081

13,969

296

3,503

107

793

690

152

3,656

0

0

2,246

2,526 1

AFTER APRIL
TOTAL

NOTE:

01
1

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 3 1 , 1982.
OFTTHESMLiNMRUK™?E?HE


http://fraser.stlouisfed.org/
II
Federal Reserve Bank of St. Louis

R E

""

N I N G

TABLE 8
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT
AS OF NOVEMBER

2 7 , 1985

(PERCENTAGE DISTRIBUTION)

CD'S MATURING IN

ALL
I
DIST- | BOSTON
RICTS |

!

1
NEW
YORK

PHILA- | CLEVELAND
DELPHIAI
1

RICH- 1ATLANTA CHICAGO
MOND j

ST.
LOUIS

MINNEAPOLIS

KANSAS
CITY

DALLAS

I
SAN |
FRAN- I
CISCO |

DECEMBER
1986

56.2

77.1

56.5

53.6

58.4

37.2

66.6

50.2

.0

.0

.0

66.7

56.6

JANUARY

18.5

8.7

21.8

5.9

13.8

26.6

9.4

17.5

.0

.0

.0

11.7

23.1

FEBRUARY

11.6

12.9

10.4

5.6

9.4

20.7

13.8

13.4

.0

.0

.0

10.7

9 .8

MARCH

2.1

.1

1.6

.5

1.2

2.9

.6

3.8

.0

.0

.0

13

1.4

APRIL

1.1

.1

.7

.0

1.1

2.3

.1

1.5

.0

.0

.0

1.2

.9

10.5

1.1

9.0

34.4

16.2

10.3

9.5

13.6

.0

.0

.0

8.5

8.2

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

.0

.0

.0

100.0

100.0

AFTER APRIL
TOTAL

NOTE:

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 3 1 , 1982.
TOTAL SALES I S UNDERSTATED. SALES OF CD"S BETWEEN SURVEY DATES THAT MATURE IN THE REMAINING DAYS
OF THE CALENDAR MONTH OF THE CURRENT SURVEY ARE IGNORED.




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