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1.4.1(731) HOT FOR P U B L I C A T I O N O C T 3 01965 . Research U d r a i y - SURVEY OF MATURITY S T R U C T U R E OF OUTSTANDING LARGE DENOMINATION C E R T I F I C A T E S OF DEPOSITS AT LARGE COMMERCIAL BANKS AS OF NOVEMBER B A N K I N G SECTION DIVISION OF RESEARCH A N D S T A T I S T I C S BOARD OF G O V E R N O R S OF T H E FEDERAL R E S E R V E SYSTEM 28, 1984 M A T U R I T Y DISTRIBUTION OF OUTSTANDING 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 DEPOSIT AT LARGE COMMERICAL BANKS AS OF NOVEMBER 28, 1984 GROSS SALES (ESTIMATED) OUTSTANDING CD'S M A T U R I N G IN 1984 1985 PERCENTAGE AMOUNT (IN M I L L I O N S ) PERCENTAGE AMOUNT (IN M I L L I O N S ) 1,913.5 3.4 DECEMBER 16,516.4 29.5 7,201.6 47.1 JANUARY 10,819.8 19.3 3,987.5 26.1 FEBRUARY 4,401.6 7.9 2,157.4 14.1 MARCH 2,317.0 4.1 437.0 2.9 APRIL 1,937.9 3.5 136.4 0.9 MAY 1,362.1 2.4 JUNE-NOVEMBER (7-12 M O N T H S ) 4,189.8 7.5 1,384.2 9.0 OVER 12 M O N T H S 12,554.1 I 22.4 56,012.1 i 100.0 NOVEMBER 29-30 TOTAL | | 15,304.1 | 100.0 AVERAGE MATURITIES (IN M O N T H S ) NUMBER OF B A N K S REPORTING NOTE: 39 s s ' s r ; : , " " 0 0 , 0 0 ° 0 R H 0 R E I S S U E D , Y 6 6 N K S H I T H TABLE 1 M A T U R I T Y DISTRIBUTION OF OUTSTANDINGS 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 DEPOSIT AT LARGE COMMERCIAL BANKS AS OF NOVEMBER 28, 1984 (AMOUNTS IN MILLIONS OF D O L L A R S ) 1 j OUTSTANDINGS C D ' M A T U R I N G IN 1984 1985 TOTAL | I NEW YORK CITY 1 | OUTSIDE | NEW YORK CITY 1 1 I I I 1 SALES ( E S T I M A T E D ) TOTAL 1 I NEW YORK CITY 1 j OUTSIDE NEW YORK CITY 1,477.1 1,913.5 436.4 DECEMBER 16,516.4 5,753.6 10,762.8 7,201.6 1,822.6 5,379.0 JANUARY 10,819.8 4,345.7 6,474.1 3,987.5 1,824.5 2,162.9 FEBRUARY 4,401.6 1,896.2 2,505.3 2,157.4 1,029.3 1,128.2 MARCH 2,317.0 723.7 1,593.4 437.0 203.3 233.7 APRIL 1,937.9 460.3 1,477.6 136.4 40.4 96.0 MAY 1,362.1 418.6 943.5 JUNE-NOVEMBER (7-12 M O N T H S ) 4,189.8 1,029.5 3,160.3 1,384.2 412.5 971.7 OVER 12 M O N T H S 12,554.1 2,161.1 10,393.0 56,012.1 17,225.1 38,787.1 15,304.1 5,332.6 9,971.5 NOVEMBER 29-30 TOTAL AVERAGE MATURITIES (IN M O N T H S ) I j 4 NUMBER OF B A N K S REPORTING ! j 39 Mote, 1 ! 1 1 ! 1 5 i 9 1 5 ! ! 30 1 INCLUDES N E G O T I A B L E CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR M O R E ISSUED BY B A N K S WITH DOMESTIC A S S E T S OF $5 BILLION OR M O R E AS OF DECEMBER 31, 1982. TOTAL S A L E S IS U N D E R S T A T E D . SALES OF CD"S BETWEEN SURVEY DATES THAT M A T U R E IN T H E R E M A I N I N G DAYS OF THE C A L E N D A R MONTH OF THE CURRENT SURVEY A R E IGNORED. 1 j TABLE 2 M A T U R I T Y DISTRIBUTION OF OUTSTANDINGS 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 DEPOSIT AT LARGE COMMERCIAL BANKS AS OF NOVEMBER 28, 1984 (PERCENTAGE D I S T R I B U T I O N ) SALES (ESTIMATED) OUTSTANDINGS C D ' M A T U R I N G IN 1984 1985 TOTAL NEW YORK CITY 3.4 2.5 DECEMBER 29.5 33.4 JANUARY 19.3 FEBRUARY NOVEMBER 29-30 I | OUTSIDE | NEW YORK CITY I | 1 1 j 1 1 1 1 3.8 TOTAL | | NEW Y O R K CITY i | OUTSIDE | NEW YORK C I T Y I | 1 1 34.2 53.9 26.1 34.2 21.7 6.5 14.1 19.3 11.3 4.2 4.1 2.9 3.8 2.3 3.5 2.7 3.8 .9 .8 1.0 MAY 2.4 2.4 2.4 JUNE-NOVEMBER (7-12 M O N T H S ) 7.5 6.0 8.2 9.0 7.7 9.7 OVER 12 M O N T H S 22.4 12.6 26.8 100.0 100.0 100.0 100.0 100.0 100.0 27.8 47.1 25.2 16.7 7.9 11.0 MARCH 4.1 APRIL TOTAL NOTE. INCLUDES 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 $100,000 OR M O R E ISSUED BY B A N K S WITH DOMESTIC A S S E T S OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. TOTAL S A L E S IS U N D E R S T A T E D . SALES OF CD"S BETWEEN SURVEY DATES THAT M A T U R E IN T H E R E M A I N I N G DAYS OF T H E C A L E N D A R MONTH OF THE CURRENT SURVEY ARE IGNORED. • • • • • • • • • TABLE 3 M A T U R I T Y D I S T R I B U T I O N OF OUTSTANDINGS 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 DEPOSIT AT LARGE COMMERCIAL BANKS AS OF NOVEMBER 28, 1984 (AMOUNTS IN M I L L I O N S OF D O L L A R S ) SALES ( E S T I M A T E D ) OUTSTANDINGS CD* S M A T U R I N G IN 1 TOTAL 1 1984 1985 C D FUTURES I CONTRACT BANKS I 1 OTHER TOTAL I C D FUTURES I |CONTRACT B A N K S I 1 1 OTHER DECEMBER 16,516.4 6,800.9 1 I j I JANUARY 10,819.8 5,251.7 I 5,568.1 3,987.5 1,943.6 2,043.9 FEBRUARY 4,401.6 2,138.0 I 2,263.6 2,157.4 1,030.4 1,127.0 MARCH 2,317.0 961.7 1,355.4 437.0 135.3 301.7 APRIL 1,937.9 1,030.0 1 j 1 907.9 136.4 49.2 87.3 MAY 1,362.1 642.4 719.8 JUNE-NOVEMBER (7-12 M O N T H S ) 4,189.8 1,633.7 I j 1 2,556.0 1,384.2 447.7 936.5 OVER 12 M O N T H S 12,554.1 5,880.8 I 6,673.3 56,012.1 24,932.8 I 31,079.3 15,304.1 5,822.9 9,481.2 NOVEMBER 29-30 TOTAL AVERAGE MATURITIES (IN M O N T H S ) NUMBER OF B A N K S REPORTING NOTE. 1,913.5 4 39 1 ! 1 593.7 1 ' ! 1,319.7 9,715.5 7,201.6 2,216.8 4,984.8 4 30 1 INCLUDES 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 DENOMINATIONS OF $100,000 OR M O R E ISSUED BY B A N K S WITH D O M E S T I C A S S E T S OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. TOTAL S A L E S IS U N D E R S T A T E D . SALES OF CD"S BETWEEN SURVEY DATES THAT M A T U R E IN T H E R E M A I N I N G DAYS OF T H E C A L E N D A R MONTH OF THE CURRENT SURVEY A R E IGNORED. "CD FUTURES C O N T R A C T B A N K S " INCLUDE THOSE W H O S E C D " S A R E C O N S I D E R E D AS PART OF T H E D E L I V E R A B L E C D SUPPLY FOR P U R P O S E S OF FUTURE T R A D I N G . # # # # # # # # # TABLE 4 M A T U R I T Y D I S T R I B U T I O N OF OUTSTANDINGS 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 DEPOSIT AT LARGE COMMERCIAL BANKS AS OF NOVEMBER 28, 1984 (PERCENTAGE D I S T R I B U T I O N ) SALES ( E S T I M A T E D ) OUTSTANDINGS C D ' S M A T U R I N G IN 1984 1985 TOTAL C D FUTURES CONTRACT B A N K S I | C D FUTURES CONTRACT BANKS TOTAL OTHER I I OTHER 3.4 2.4 4.3 DECEMBER 29.5 27.3 31.3 47.1 38.1 52.6 JANUARY 19.3 21.1 17.9 26.1 33.4 21.6 FEBRUARY 7.9 8.6 7.3 14.1 17.7 11.9 MARCH 4.1 3.9 4.4 2.9 2.3 3.2 APRIL 3.5 4.1 2.9 .9 MAY 2.4 2.6 2.3 JUNE-NOVEMBER (7-12 M O N T H S ) 7.5 6.6 8.2 OVER 12 M O N T H S 22.4 23.6 21.5 100.0 100.0 100.0 NOVEMBER TOTAL «"TE. 29-30 INCLUDES « 1 0 0 T . « » L f % = E » T , F , C , T E S ^ D E P O S I T ;?t^esS^IM6SruSS^t5tFe?HE I ^ E N O m N m O ^ O F D 6 T E S .8 9.0 7.7 9.9 100.0 100.0 100.0 * 1 0 0 , 0 0 0 OR M O R E I S S U E . BY ,.NKS H , T H T H # T " 6 T U R E I N ™ E R E M 6 , N I N G D 6 Y S "CD FUTURES C O N T R A C T B A N K S " INCLUDE THOSE W H O S E CD"S A R E C O N S I D E R E D AS PART OF T H E D E L I V E R A B L E C D SUPPLY FOR P U R P O S E S OF FUTURE TRADING. .9 TABLE 5 M A T U R I T Y DISTRIBUTION OF OUTSTANDING N E G O T I A L A B L E T I M E C E R T I F I C A T E S OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL R E S E R V E DISTRICT AS OF NOVEMBER 28, 1984 (AMOUNTS IN M I L L I O N S OF D O L L A R S ) ALL DISTRICTS CD'S M A T U R I N G IN 1984 1985 BOSTON I NEW I YORK I |RHILA- I CLEVE-I RICH|DELRHIAI LAND | M O N D i I I DECEMBER 16,5161 4571 1 4361 j 5,7541 JANUARY 10,8201 4281 4,3461 82I I 3361 1,8961 43 j 160 NOVEMBER 1,91s! 29-30 1 581 FEBRUARY 4,4021 MARCH 2,3171 56 I 1 24 APRIL 1,938 MAY 201 1601 80| 1691 8001 4891 j 3851 j 1991 j 1611 1 724 17 64 6 460 1 93 1,362 3 419 0 48 JUNE-NOVEMBER (7-12 M O N T H S ) 4,190 16 1,029 4 428 OVER 12 M O N T H S 12,554 37 2,161 14 1,838 56,012 1,085 17,225 350 3,926 TOTAL AVERAGE MATURITIES (IN M O N T H S ) NUMBER OF BANKS REPORTING NOTE. 1 I 4.6 ! 3.4 j , , 1.7 1 1 7.5 H 1 91 j 2081 j 661 j 17 3.7 1 I 1 1 1 °!1 2,954 01 1,993 0 659 0 20 280 0 30 312 0 2 386 0 9 254 0 167 611 528 7,868 j 45| 2591 1 j 1591 j 1,8501 1 418 KANSAS CITY ST. LOUIS I ATLANTA|CHICAGO | I I I 1 01 l 01 l 01 1 01 1 01 °!1 01 1 01 1 °i 01 1 01 1 °l °! °!1 011 1 11 01I ° !1I I 1 1 01 1 i 0 "! • ° ! 5.0 .0 2.7 ! ' 1 39 INCLUDES 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 M O R E ISSUED BY B A N K S WITH D O M E S T I C A S S E T S OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. DALLAS SAN FRANCISCO 4051 1 3,092 3261 1 2,5931 1,430 1,7541 462 910 341 687 165 799 118 342 528 1,662 2,0721 5,494 I 8,6131 14,567 1 4.5 6.8 TABLE 6 M A T U R I T Y DISTRIBUTION OF OUTSTANDING N E G O T I A L A B L E T I M E C E R T I F I C A T E S OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL R E S E R V E DISTRICT AS OF NOVEMBER 28, 1984 (PERCENTAGE D I S T R I B U T I O N ) ALL DISTRICTS C D ' S M A T U R I N G IN 1984 1985 NOVEMBER 29-30 3.4 1 BOSTON I NEW YORK 1 5.4 1 2.5 1 ! IPHILA- 1 C L E V E LAND IDELPHIAI 1 1 5.7 DECEMBER 29.5 42.1 I 33.4 48.4 JANUARY 19.3 39.4 I 25.2 23.5 11.0 12.3 4.2 4.8 I j I j I 1 j I 1 ! RICH- I ATLANTA|CHICAGO MOND 1 1 1 1 ST. LOUIS 1 MINNEj APOLIS 1 ! SAN K A N S A S I DALLASj F R A N - 1 CISCO 1 CITY I 1 4.1 4.3 1 1.8 | 5.3 I .0 20.4 26.4 1 39.4 I 37.6 .0 1 .0 1 •' i .0 I 35.9 8.6 20.8 1 12.6 I 25.3 I i 1I .0 .0 .0 16.6 4.1 10.8 I 3.3 8.4 .0 .0 .0 5.4 6.3 1.6 8.7 I 3.7 3.6 .0 .0 .0 4.0 4.7 1 1 1 17.8 12.0 FEBRUARY 7.9 5.2 ! MARCH 4.1 2.2 APRIL 3.5 .6 2.7 .2 2.4 3.9 1 5.7 4.0 .0 .0 .0 1.9 5.5 MAY 2.4 .3 2.4 .1 1.2 2.5 1 .3 4.9 .0 .0 .0 1.4 2.4 JUNE-NOVEMBER (7-12 M O N T H S ) 7.5 1.5 6.0 1.1 10.9 14.0 I 1.7 3.2 .0 .0 .0 6.1 11.4 OVER 12 M O N T H S 22.4 3.4 12.6 4.1 46.8 8.6 1 31.5 7.8 .0 0 37.7 100.0 100.0 100.0 100.0 100.0 100.0 I 100.0 100.0 .0 .0 24.1 1 .0 I 100.0 TOTAL NOTE, j .0 INCLUDES 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 $100,000 OR M O R E ISSUED BY BANKS WITH D O M E S T I C A S S E T S OF $5 BILLION OR MORE AS OF DECEMBER 31, 1982. 100.0 1 1 1 1 I TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF NOVEMBER 28, 1984 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN 1985 DECEMBER 7,202 188! 1,823 108 454 JANUARY 3,987 2781 1,825 59 94 FEBRUARY 2,157 331 1,029 8 107 MARCH 437 141 203 6 18 APRIL 136 40 0 27 413 0 27 5,333 181 727 AFTER APRIL 15,304 TOTAL NOTE, 1,384 ol u i 5231 ! 1 ! ! 1 1 1 IPHILA- I CLEVE-I RICH- |ATLANTA|CHICAGO| ST. I 1 1 LOUIS LAND I MOND IDELPHIAI 1 1 1 1 1 1 1 ALL 1 NEW DIST- I BOSTON! YORK RICTS | ! 1 2101 1281 j 1261 1 281 I l 61 1 311 j 5301 1 1361 | 231 j 71 | 11 1 °i "i 186 j 1 1,3701 MINNE-I KANSAS 1 DALLAS CITY | APOLISI 1 0 0 5371 0 0 2591 0 0 0 0 0 0 0 0 0 0 72 i 18 1 2871 j 2,5431 01 I 01 1 01 I 01 | 01 I 01 1 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 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. SAN FRANCISCO 1,633 1,281 676 368 256 332 68 27 22 22 378 218 3,033 2,249 TABLE 8 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 DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL R E S E R V E DISTRICT AS OF NOVEMBER 28, 1984 (PERCENTAGE D I S T R I B U T I O N ) C D ' S M A T U R I N G IN 1985 ALL DISTRICTS BOSTON NEW YORK ! IPHILAIDELPHIA CLEVELAND RICHMOND 1 1 IATLANTA ICHICAGO j ! s. LOUIS ! MINNE1 APOLIS 1 KANSAS CITY DALLAS SAN FRANCISCO DECEMBER 47.1 35.9 34.2 59.4 62.5 39.7 73.0 53.9 .0 .0 .0 53.8 56.9 JANUARY 26.1 53.1 34.2 32.7 12.9 24.1 12.5 21.1 .0 .0 .0 22.3 16.4 FEBRUARY 14.1 6.3 19.3 4.6 14.7 23.8 3.7 10.2 .0 .0 .0 8.4 14.8 MARCH 2.9 2.7 3.8 3.1 2.4 5.4 .4 2.8 .0 .0 .0 2.2 1.2 APRIL .9 .0 .8 .1 3.8 1.1 .2 .7 .0 .0 .0 .7 1.0 9.0 2.1 7.7 .1 3.7 5.9 10.2 11.3 .0 .0 .0 12.5 9.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 AFTER APRIL TOTAL NOTE: INCLUDES N E G O T I A B L E CERTIFICATES OF DEPOSIT IN D E N O M I N A T I O N S OF $100,000 OR M O R E ISSUED BY B A N K S W I T H DOMESTIC A S S E T S OF $5 BILLION OR M O R E AS OF DECEMBER 31, 1982. TOTAL S A L E S IS U N D E R S T A T E D . SALES OF CD"S BETWEEN SURVEY DATES THAT M A T U R E IN T H E R E M A I N I N G DAYS OF T H E C A L E N D A R MONTH OF THE CURRENT SURVEY ARE IGNORED.
@FedFRASER