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October 20, 1981

L.4.1 (731)
NOT FOR PUBLICATION

t

$

« e s e » '

c n

"

U

"

, , y

SURVEY OF MONEWnf? STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of
September 30, 1981

1
I
w




Banking Section
Division of Research & Statistics
Board of Governors of the Federal Reserve System

TABLE 1
MATURITY DISTRIBUTION OF OUTSTANDIN3 AND SALES OP NEGOTIABLE 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 LARGE C O M M E R C I A L BANKS
AS OF SEPTEMBER

30,

1/

1981

JAHOONTS_TN_3ILLIQNS_OF_DgLLARSL
1
|
CD'S

MATURING IN

1981 SEPTEMBER

30

1
1
|
|
1

A M O U N T

1
|

O U T S T A N D I N G

1
1
I
|
OUTSIDE
|
| NFW YORK CITY | NEW YORK CTTt 1
1
1
1

1

|
TOTAL

I
|

SALES SINCE PREVIOUS PERIOD

TOTAL

1
1
I
1
1
1
OUTSIDE
|
| NEW YORK CITY | NEW YORK CITY I
11
1

0

0

0

OCTOBER

48,255

12,134

36,121

24,805

6,153

18,651

NOVEMBER

24,929

7,155

17,774

9,947

2,761

7,194

DECEMBER

19,288

6,732

12,556

22,857

4,627

18,230

APPII-SBPTE»BFP
(7-12 MONTHS)

4,238

648

3,590

nVPR

4,872

19P2 J A N U A R Y - M A R C H
(4-6 MONTHS)

21,561 2 /

5,711

2/

15,850 2/

r

-58

1,314

124,437

31,853

92,585

56,312

14,628

41,684

42,145

11,358

30,786

21,075

5,435

15,640

BEYOND MARCP
(OVER 6 MONTHS)

9,110

1,206

7,904

486

277

210

DECEMBER 15
TAX MATURITY

1,791

870

921

2.5

2.1

2.6

2.7

2.9

2.6

12 MONTHS
TOTAL

•

MEMORANDUM:
DECEMBER-MARCH
(3-6 MONTHS)

AVERAGE MATURITY
(IN MONTHS)
3/

1/
2/
3/

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN D E N O M I N A T I O N S OP $100,000 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS IF $1 BILLION OP MOPE AS OF DECEMBER 31, 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.
F O R M U L A S FOR CALCULATION DP AVERAGE MATURITIES ARE A V A I L A B L E ON REQUEST FROM THE BANKING SECTION,
DIVISION OF RESEARCH AND STATISTICS, BOARD OF G O V E R N O R S OF THF FEDERAL R E S E R V E SYSTEM.




TABLE 2
1ATURITY DISTRT33TION OF O U T S T A N D I N G

AND SALES OF NEGOTIABLE TIME C E R T I F I C A T E S OF D E P O S I T

AT LAPGF COMMERCIAL BANKS
AS OF SEPTEMBER

J

CD'S "ATURTNG IN

1981 SEPTEMBER 30

A M O U N T

1
|
I
|
1

O U T S T A N D I N G

TOTAL

0

.

0

T
|

1
1
I
|
OUTSIDE
| NE? YORK CITY | NEW YORK CITY
1
1

.

30, 1991

.(PERCENTAGE DISTRIBUTION!.

-

1/

SALES SINCE PREVIOUS PERIOD

1

1
|
1
1

TOTAL
-

T

-

I
|
|
\
OUTSIDE
1 NEW YORK CITY | NEW YORK CIT?
1
1

.0

OCTOBER

38.8

38.1

39.0

44.1

9 2.1

44.7

NOVEMBER

20.0

22.5

19.2

17.7

18.9

17.2

DECEMBER

15.5

21.1

13.6

18.4

14.5

19.7

APRIL-SEPTEMBER
(7-12 MONTHS)

3.4

2.0

3.9

38.3 2 /

39.0 2 /

38.0 2/

OVER 12 MONTHS

3.9

1.8

4.7

100.0

100.0

100.0

100.0

100.0

100.0

33.9

35.7

33.3

37.4

37.2

37.5

BEYOND MARCH
(OVEP 6 MONTHS)

7.3

3.8

8.5

.9

1.9

.5

DECEMBER 15
IMMATURITY

1.4

2.7

1.0

1982 J A N U A R Y - M A R C H
(4-6 HORT«S)

TOTAL
MEMORANDUM:
DECBMBEP-MARCH
(3-6 MONTHS)

1/
2/

INCLUDES NEGOTIABLE 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 MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF 11 B I L L I O N OR MORE AS OF DECEMBER 31, 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.




1

I

I
|
|
1

TABLE 3
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS

1/

AS OF SEPTEMBER 30, 1981

I
l
CD'S MATURING IN

I
1
I
1
1
1

l&MOUNTS_IN_MILLIONS_QF_DgLLARSL.
1
A M 0 U N r
0 U T S T A N D I N G
1
I
(ASSETS)
BANK SIZE
1
1
1
1
I
1
1
$5 BILLION
TOTAL
1
I *1-5 BILLION \
AND OVER
1
1
1
1
1.
1

I
1
1
(ASSETS)
|
1
1
$5 BILLION
1
AND OVER
1
- 1

SALES SINCE PREVIOUS PERIOD

TOTAL

BANK SIZE
1
1
1
1
1 *1-5 BILLION 1
1
1
.
11 ___

0

0

0

OCTOBER

48,255

21,305

26,949

24,805

12,118

12,697

NOVEMBER

24,929

8,838

16,091

9,947

4,451

5,496

DECEMBER

19,288

5,863

13,425

22,857

6,866

15,991

APRIL-SEPTEMBER
(7-12 MONTHS)

4,238

1,311

2,927

OVER 12 MONTHS

4,872

907

3,065

124,437

45,089

79,348

56,312

23,856

32,457

42,145

12,728

29,416

21,075

6,782

14,292

BEYOND MARCH
(OVER 6 MONTHS)

9,110

2,218

6,892

486

505

-18

DECEMBER 15
TAX MATURITY

1,791

483

1,308
2.7

2.5

2.9

1981 SEPTEMBER

30

9A2 JANUARY-MARCH
(4-6 MONTHS)

TOTAL

21,561 2 /

7,287 2/

14,274 2/

MEMORANDUM:
DECEMBER-MARCH
(3-6 MONTHS)

AVERAGE MATURITY
(IN MONTHS)
3/

1/
?/
3/

2.5

2. 1

2.8

INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF *100,000 OP 10RE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF *1 BILLION OP MORE AS OF DECFMPEP 31, 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.
FORMULAS ?0P CALCULATION OF AVERAGE MATURITIES ARE AVAILABI.F ON REQUEST FROM THE BANKING SECTION,
DIVISION OF RES EARCP AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.




TABLE 4
MATURITY 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 SALES OF NEGOTIABLE TIME CERTIFICATFS 0" DEPOSIT
AT L A R G E COPMEPCIAL BANKS
AS OF SEPTEMBER 30,

1/

1981

(PERCENTAGE DISTRIB0TI0N1
1
1
CD'S

MATURING IN

1981 SEPTEMBER

30

1
1
1
1
1

A M 0 U N T

TOTAL

•0

O U T S

T A N D I N G

(ASSETS)
BANK SIZE
I
1_
1
1
$5 BILLION
*1-5 BILLION 1
1
AND OVER
1
!
1
1
.0

l
1
1
1
1
1
1
1
1

1
1
_ L
_
1
BANK SIZE
(ASSETS)
]
1_ .
___!
1
1
1
|
*1-5 BILLION \
*5 BILLION
\
1
I
AND OVER
1
1__
- _1
1

SALES SINCE PREVIOUS PERIOD

TOTAL

.0

OCTOBER

38.8

47.3

34.0

44.1

50.8

39.1

NOVEMBER

20.0

19.6

20.3

17.7

18-7

16.9

DECEMBER

IS.5

13.0

16.9

18.4

15.2

20.2

APRIL-SEPTEMBER
(7-12 MONTHS)

3.4

2.9

3.7

38.3 2 /

30.6 2 /

44.0 2/

OVER

3.9

2.0

5.0

100.0

100.0

100.0

100.0

100.0

100.0

33.9

28.2

37.1

37.4

28.4

44.0

.9

2.1

-.1

1982 J A N U A R Y - M A R C H
(4-6 MONTHS!

12 MONTHS
TOTAL

MEMORANDUM:
DECEMBER-MARCH
(3-6 MONTHS)
BEYOND MARCH
(OVER 6 MONTHS)

2/

4.9

8.7

DECEMBER
1/

7. 3
1.4

1.1

1.7

15

INCLODFS NEGOTIABLE C E R T I F I C A T E S OF DEPOSIT Iff DENOMINATIONS OP *100,000 OR MORE ISSUED BY BANKS HT^I
DOMESTIC ASSETS DP t1 BILLION OR MOPE AS OF DECEMBER 31, 1977,
SATES WITH MATURITIES BEYOND SECOND MONTH.




TABLE 5
MATHPITY DISTRIBUTION OF OUTSTANDING N E G O T I A B L E TIME C E R T I F I C A T E S 0 " DEPOSIT
AT LARGE COMMERCIAL BAflKS 1/

BY EEDE^AL R E S E R V E DISTRICT

AS OF SEPTEMBER

1
CD'S MATURING IN

1

|

1
1
1
1
1
1
1 BOSTON!
1
1

ALL
DISTPICTS

\

30, 1981

- 1
1
I
1
I
1
1
I
ST.
1
1
1 PHILA-| CLEVE-1 RICH- I •
|ATLANTA!CHICAGO! LOUIS
LAND 1 MONO
1DELPHIAI
1
1
1
1
1
1
1.
1_

NEW
YORK

I
1
I
I
1 MTNNE-1 KANSAS*
1 SAN
CITY 1 DALLAS| FPAN1 APOLIS1
1 CISCO
1
1
1
1.
1.
11.

0

0

0

0

0

0

0

0

0

0

0

0

0

OCTOBER

48,255

2,876

13,856

1,249

3,025

1,649

975

7,354

455

1,154

1,343

4,109

10,210

NOVEMBER

24,929

1,075

8,017

554

1,621

689

432

3,%65

215

365

400

1,853

5,844

DECEMBER

19,288

615

7,234

299

1,212

456

232

2,917

164

285

162

1,348

4,364

22,857

535

5,162

447

1,192

594

316

3,890

150

353

363

1,881

7,973

APRIL-SEPTEMBER
(7-12 MONTHS)

4,238

86

753

101

160

143

43

467

35

12

58

391

1,988

OVFR

1981

4,872

28

589

86

310

35

24

275

67

106

29

283

3,0&1

124,437

5,215

35,611

2,737

7,520

3,565

2,022

18,767

1,086

2,275

2,355

9,864

33,4?1

42,145

1,150

12,396

747

2,404

1,049

548

6,807

314

639

525

3,229

12,337

BEYOND MARCH
(OVER 6 MONTHS)

9,110

114

1,343

187

470

178

67

741

132

117

87

674

5,3 30

DECEMBER 15
TAX MATURITY

1,791

37

918

17

85

40

9

194

26

6

21

138

330

A V E R A G E MATURITY
(IN MONTHS)
2/

2.5

1.6

2.1

2.3

2.3

2.1

1.9

2.2

2.6

2.1

1.8

2.4

3.5

NUMBER OF BANKS

127

9

19

7

11

13

10

15

5

3

5

A

22

SEPTEMBER 30

19*2 J A N U A R Y - M A R C H
(4-6 MONTHS)

12 MONTHS
TOTAL

MEMORANDUM:
DECEMBER-MARCH
(3-6 MONTHS)

1/
2/

T

N C L U D K S N E G O T I A B L E CERTIFICATES 0? DEPOSIT IN D E N O M I N A T I O N S OF *100,000 OP MORE ISSUED SY RANKS WTTij
D O M E S T I C ASSETS OF 11 BILLION OR MOPE AS OF DECEMBER 31, 1977.
,
WEIGHTING P R O C E D U R E IS THE SAME AS THAT USED FOR 'TOTAL* OUTSTANDINGS COLUMN IN TABLE 1.




TABLE 6
1AT0RTTY

DISTRIBUTION PF OUTSTANDING NEGOTIABLE TTNF- CERTIFICATES OP DEPOSIT
AT LARGE C O M M E R C I A L BANKS 1/

BY FEDERAL RESERVE DISTRICT

AS OF SEPTEMBER 30, 1981

CD'S MATURING IN

I
|
1
|
1
1

I
1
1
I
1 NES
YORK
1 BOSTON;
1
1
1_
1.

ALL
DISTRICTS

jrnnu nti J .*5 ux o i < -LEU 1
L
r
1
1
1
I
1
1
1 PHILA-1 CLEVE-1 RICH|DELPHIA|
LAND 1 MOND
1
I
1
L
1.
1

1
1
1
1
I
1
1
1
1
1
1
1
1
1
1 MINNE-I KANSAS!
1
1 SP.N
1 ST.
1
CITY | DALLAS! FRAN1 ATLANTA!CHICASO1 LOUIS 1 APOLISI
I
I
1 CISCO
1
1
1
I
„ L
_1.
_1_
1.
1__
1_

.0

.0

.0

.0

.0

.0

.0

.0

.0

-0

.0

.0

.0

OCTOBER

38.8

55.1

38.9

45.6

40.2

46.3

48.2

39.2

41.9

50.7

57.0

41.7

30.6

NOVEMBER

20.0

20.6

22.5

20.3

21.6

19.3

21.3

20.6

19.8

16.0

17.0

18.8

17.5

DECEMBER

15.5

11.8

20.3

10.9

16.1

12.8

11.5

15.5

15.1

12.5

6.9

13.7

13. 1

18.4

10.3

14.5

16.4

15.9

16.7

15.6

20.7

13.8

15.5

1S.4

19.1

23.0

APRIL-SEPTEMBER
(7-12 MONTHS)

3.4

1.7

2. 1

3.7

2.1

4.0

2.2

2.5

3.3

.5

2.5

4.0

6.0

OVER

1981

3.9

.5

1.7

3. 1

4.1

1.0

1.2

1.5

6.1

4.7

1.2

2.9

9.1

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

33.9

22.1

34.8

27.3

32.0

29.4

27.1

36.3

29.0

28.1

22.3

32.7

36.9

SEPTEMBER 30

198? J A N U A R Y - M A R C H
(4-6 MONTHS)

12 MONTHS
TOTAL

MEMOPANDUM:
DECEMBER-MARCH
(3-6 MONTHS)
BEYOND MARCH
(OVER 6 MONTHS)

7.3

2. 2

3.8

6.8

6.3

5.0

3.3

4.0

9.4

5.2

3.7

6.8

DECEMBER 15
TAX MATURITY

1.4

.7

2.6

.6

1.1

1.1

.5

1.0

2.4

.2

.9

1.4

1/

INCLUDES NEGOTIABLE 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 OP MORE ISSTJED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OP MORE AS OF DECEMBER 31, 1977.




15. 1
.9

TABLE 7
SALES

3F N E G O T I A B L E TIMF 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
HF L A R G E C O M 1 E P C I A I 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 S E P T E M B E R

\

j
CD1S

M A T U R I N G IN

|

\

|

ALL
GISTRICTS

1
1
1
I
j
1
1 BOSTON!
|
1

NEW
YORK

30,

19P1

I
1
1
1
1
1 PHILA-\ CLEVE-1 R I C H LAND 1 MONO
1 DEL9HIA1
1
1
1

1
1
I
ST.
|
1
1
1ATLANTA!CHICAG01 IOUIS
1
1
1
__

L

21,805

1,643

876

619

3,459

287

485

1,018

2,260

4,425

589

3,275

315

828

287

. 210

1,422

145

144

218

733

1,782

71*

6,389

418

1,197

594

314

4,026

185

319

281

1,845

5,290

3,122

16,901

1,407

3,668

1,757

1,142

8,907

617

948

1,516

4,837

11,437

21,075

750

6,074

412

1,116

548

326

3,922

161

310

274

1,698

5,485

4 86

TOTAL

674

56,312

OR L A T E R

7,239

21,561

NOVEMBER

1,820

9,947

OCTOBER

DECEMBER

1
1
1
I
1
SAN
|
1 MINNE-1 KANSAS*
1
C I T Y 1 fALLASI F R A N - '
1 APOLISt
1 CISCO <
1
I
1
j
.
_1_. . .

-36

315

6

81

46

-12

105

24

9

7

145

-205

2.7

2.0

2.7

.2.4

2.6

2.6

2.2

2.9

2.6

2.5

1.9

2.8

2.8

MEMORANDUM:
DECEMBER-MARCH
(3-6 MONTHS)
BEYOND MARCH
(OVER 6 M O N T H S )
AVfPAC? MATURITY
(IN MONTHS)
3/

2/

1/

T 1 C L O O 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
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 31, 1977.

2/

NEGATIVB™VALOBS,A°ORTSOHBTDISrRICTS, S O M T I M B S

s s
3/

us;,1;




* 1 0 0 , 0 0 0 OP

MOPE ISSUED

BY B A N K S W I T H

R E S U L T FROM T H E P R O C E D U R E T H A T E S T I M A T E S S A L E S FOR T H E

s t s ^ S s.ssrsrs.s's';-,,
s,t«s

, ™ ™

TABLE
SAL^S

8

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 F P R E V I O U S M O N T H
AT L A R G E C O M M E R C I A L B A R K S 1/
BT F E D E R A L R E S E R V E D I S T R I C T
AS

OF

SEPTEMBER

30,

1981

j[PEPCEgTAGE_DISTRIB!mONl..
I

I
1
L
1
L
i BOSTON!

ALL
DIST-

1
1

CTV c M A T H P I M ! T»J

|
|

1

tiers

NEW
YORK

I

1

I
1
I
I
1
1
| P H I L A-1 C L E V E - 1 R I C H 1DELPHTA1
LAND 1 MOND

1
1.

1

I
1
1
1
1
1
ST.
1
1
1
1ATLANTA|CHICAGO| LOHIS

I
1
1
I
1

.
1.

1
1.

1
1_

1
1

1
1.

1
1
I
1
1
1
1
1
SAN
1 MINNE-1 KANSAS|
1
CTTT 1 D A L L A S ! F R A N I APOLTSF
1
1 CISCO
1
I

1

.

1.

1.

L

OCTOBER

44. 1

58.3

42.8

47.9

44.8

49.9

54.2

38.8

46.5

51.2

67. 1

46.7

3P.5

NOVEMBER

17.7

18.9

19.4

22.4

22.6

16.4

18.4

16.0

23.5

15.2

14.4

15.2

15. 5

38.3

22.9

37.8

29.7

32.6

33.8

27.5

45.2

30.0

33.6

18.S

38.1

46.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

DECEMBEP

OP

LATEP

TOTAL

.

>AMDUM:
DECEMBER-MARCH
(3-6 M O N T H S )
BEYOND MARCH
(OVER 6 M O N T H S )

1/

37.4

24.0

35.9

29.3

30.4

31.2

28.5

44.0

26. 1

32.7

18.0

35. 1

47.8

.9

-1.2

1.9

.4

2.2

2.6

-1.1

1.2

4.0

.9

.5

3.0

-1.8

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 O F D E P O S I T IN D E N O M I N A T I O N S OF
D O M E S T I C A S S E T S OF *1 B I L L I O N OR M O R E A S O F D E C E M B E R 3 1 , 1 9 7 7 .
D E T A I L S MAY NOT ADD TO T O T A L S DOE TO R O U N D I N G .




*100,000

OR

MORE

ISSUED

BT

BANKS

WITH

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