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L.4.1(731) NOT FOR PUBLICATION ^ SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS AS OF OCTOBER 29, 1986 BANKING SECTION DIVISION OF RESEARCH AND STATISTICS BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ypiart MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERICAL BANKS AS OF OCTOBER 29, 1986 1 | AMOUNT (IN MILLIONS) CD'S MATURING IN 1986 1987 | I OUTSTANDING PERCENTAGE GROSS SALES (ESTIMATED) AMOUNT (IN MILLIONS) PERCENTAGE 1,719.4 3.7 NOVEMBER 11,181.1 24.2 7,431.0 58.8 DECEMBER 5,642.1 12.2 1,912.9 15.1 JANUARY 4,083.2 8.8 1,576.1 12.5 FEBRUARY 1,381.5 3.0 274.6 2.2 MARCH 1,387.4 3.0 279.4 2.2 APRIL 1,040.1 2.3 MAY-OCTOBER (7-12 MONTHS) 6,194.8 13.4 1,153.7 9.1 OVER 12 MONTHS 13,620.3 29.5 46,249.8 100.0 12,627.6 100.0 OCTOBER 30-31 TOTAL 1 AVERAGE MATURITIES (IN MONTHS) 5.8 NUMBER OF BANKS REPORTING 38 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. GROSS SALES ESTIMATES REFLECT CHANGES FROM THE PREVIOUS SURVEY TO THE CURRENT SURVEY IN OUTSTANDINGS FOR EACH OF THE FIRST FIVE FULL MONTHS AND FOR OUTSTANDINGS BEYOND THE FIFTH MONTH. CHANGES IN OUTSTANDINGS FOR THE REMAINING DAYS OF THE SURVEY MONTH ARE EXCLUDED FROM TOTAL SALES ESTIMATES. r I TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF OCTOBER 29, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) OUTSTANDINGS CD 1 MATURING IN 1986 1987 1 TOTAL j I OUTSIDE | NEW YORK CITY j NEW YORK CITY j SALES (ESTIMATED) TOTAL I OUTSIDE I I NEW YORK CITY | j NEW YORK CITY j 1 1 1,719.4 379.6 1,339.8 NOVEMBER 11,181.1 2,758.9 8,422.2 7,431. 0 1,860.1 5,570.9 DECEMBER 5,642.1 1,595.9 4,046.2 1,912 9 622.5 1,290.4 JANUARY 4,083.2 1,204.5 2,878.7 1,576 .1 385.0 1,191.0 FEBRUARY 1,381.5 302.3 1,079.1 274 .6 96.4 178.2 MARCH 1,387.4 307.9 1,079.5 279 .4 46.0 233.3 APRIL 1,040.1 172.2 867.9 MAY-OCTOBER (7-12 MONTHS) 6,194.8 1,530.5 4,664.3 1,153 .7 272.4 881.2 OVER 12 MONTHS 13,620.3 5,296.9 8,323.4 46,249.8 13,548.6 32,701.1 12,627 .6 3,282.4 9,345.2 OCTOBER 30-31 TOTAL AVERAGE MATURITIES (IN MONTHS) NUMBER OF BANKS REPORTING NOTE, 5.8 6.7 38 9 5.5 i 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. TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF OCTOBER 29, 1986 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD 1 MATURING IN 1986 1987 OCTOBER I j 30-31 TOTAL I I I OUTSIDE j NEW YORK CITY j NEW YORK CITY SALES (ESTIMATED) TOTAL I I OUTSIDE 1 1 1 NEW YORK CITY j1 NEW YORK CITY | 1 1 3.7 2.8 4.1 NOVEMBER 24.2 20.4 25.8 58.8 56.7 59.6 DECEMBER 12.2 11.8 12.4 15.1 19.0 13.8 JANUARY 8.8 8.9 8.8 12.5 11.7 12.7 FEBRUARY 3.0 2.2 3.3 2.2 2.9 1.9 MARCH 3.0 2.3 3.3 2.2 1.4 2.5 APRIL 2.3 1.3 2.7 MAY-OCTOBER (7-12 MONTHS) 13.4 11.3 14.3 9.1 8.3 9.4 OVER 12 MONTHS 29.5 39.1 25.5 100.0 100.0 100.0 100.0 100.0 100.0 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 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. Ill TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF OCTOBER 29, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) ! | I CD •S MATURING IN 1986 1987 1 OUTSTANDINGS TOTAL CD FUTURES |1 CONTRACT BANKS jI 1 I I OTHER I ! ! I I SALES (ESTIMATED) TOTAL I CD FUTURES jCONTRACT BANKS OTHER 1,719.4 615.4 1,104 .0 NOVEMBER 11,181.1 3,923.0 7,258 .2 7,431 0 2,479.7 4,951. 3 DECEMBER 5,642.1 2,020.8 3,621 .3 1,912 9 602.9 1,310. 0 JANUARY 4,083.2 1,319.6 2,763 .6 1,576. 1 494.3 1,081. 8 FEBRUARY 1,381.5 418.1 963 .3 274 6 74.7 199 .9 MARCH 1,387.4 392.4 995 .0 279 .4 77.9 201 .5 APRIL 1,040.1 249.0 791 .1 MAY-OCTOBER (7-12 MONTHS) 6,194.8 2,430.9 3,763 .8 1,153 .7 444.6 709 .1 OVER 12 MONTHS 13,620.3 7,144.2 6,476 .1 46,249.8 18,513.4 27,736 .4 12,627 .6 4,174.1 8,453 .5 OCTOBER 30-31 TOTAL NUMBER OF BANKS REPORTING NOTEi 6.8 5.8 AVERAGE MATURITIES (IN MONTHS) 5.2 i 1 I 38 29 1 i! ' ! 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. "CD FUTURES CONTRACT BANKS" INCLUDE THOSE WHOSE CD"S ARE CONSIDERED AS PART OF THE DELIVERABLE CD SUPPLY FOR PURPOSES OF FUTURE TRADING. I TABLE 4 MATURITY DISTRIBUTION OF OUTSTANDINGS AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS AS OF OCTOBER 29, 1986 (PERCENTAGE DISTRIBUTION) OUTSTANDINGS CD'S MATURING IN 1986 1987 OCTOBER I j 30-31 TOTAL CD FUTURES | CONTRACT BANKS j j OTHER | j SALES (ESTIMATED) j TOTAL CD FUTURES | CONTRACT BANKS j1 OTHER 3.7 3.3 4.0 NOVEMBER 24.2 21.2 26.2 58.8 59.4 58.6 DECEMBER 12.2 10.9 13.1 15.1 14.4 15.5 JANUARY 8.8 7.1 10.0 12.5 11.8 12.8 FEBRUARY 3.0 2.3 3.5 2.2 1.8 2.4 MARCH 3.0 2.1 3.6 2.2 1.9 2.4 APRIL 2.3 1.3 2.9 MAY-OCTOBER (7-12 MONTHS) 13.4 13.1 13.6 9.1 10.7 8.4 OVER 12 MONTHS 29.5 38.6 23.4 100.0 100.0 100.0 100.0 100.0 100.0 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. "CD FUTURES CONTRACT BANKS" INCLUDE THOSE WHOSE CD"S ARE CONSIDERED AS PART OF THE DELIVERABLE CD SUPPLY FOR PURPOSES OF FUTURE TRADING. Ill TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF OCTOBER 29, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) ALL DISTRICTS CD'S MATURING IN 1986 1987 BOSTON NEW 1 YORK 1 PHILA- ! CLEVEDELPHIAj LAND RICHMOND ATLANTA CHICAGO 1 1 ST. I MINNELOUIS j APOLIS KANSAS CITY DALLAS 01 0 0 227 382 SAN FRANCISCO 1,719 82 380 5 107 173 6 359 NOVEMBER 11,181 406 2,759 148 752 515 88 1,900 0 0 0 1,592 3,021 DECEMBER 5,642 133 1,596 27 468 491 41 922 0 0 0 639 1,326 JANUARY 4,083 90 1,204 26 273 609 34 581 0 0 0 353 911 FEBRUARY 1,381 2 302 43 59 339 11 242 0 0 0 133 250 MARCH 1,387 33 308 10 86 281 10 270 0 0 0 154 235 APRIL 1,040 2 172 7 78 167 69 180 0 0 0 162 203 MAY-OCTOBER (7-12 MONTHS) 6,195 8 1,530 83 663 231 43 1,056 0 0 0 919 1,662 OVER 12 MONTHS 13,620 3 5,297 327 3,226 530 105 871 0 0 0 881 2,381 46,250 760 13,549 675 5,711 3,335 407 6,381 0 0 0 5,061 10,373 1.3 6.7 7.8 | 8.7 4.4 5.8 1 9 4 4 2 OCTOBER 30-31 TOTAL AVERAGE MATURITIES (IN MONTHS) 5.8 NUMBER OF BANKS REPORTING 38 NOTE: 1 4.3 .0 .0 .0 4.8 1 •! 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. 5.2 | I 1 ' 1 8 | Ill TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIALABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF OCTOBER 29, 1986 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS CD'S MATURING IN 1986 1987 BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO i 1 I MINNELOUIS | APOLIS KANSAS CITY DALLAS SAN FRANCISCO 3.7 10.8 2.8 .7 1.9 5.2 1.4 5.6 .0 .0 .0 4.5 3.7 NOVEMBER 24.2 53.5 20.4 21.9 13.2 15.4 21.7 29.8 .0 .0 .0 31.5 29.1 DECEMBER 12.2 17.5 11.8 4.0 8.2 14.7 10.0 14.4 .0 .0 .0 12.6 12.8 JANUARY 8.8 11.9 8.9 3.9 4.8 18.3 8.4 9.1 .0 .0 .0 7.0 8.8 FEBRUARY 3.0 .3 2.2 6.3 1.0 10.2 2.8 3.8 .0 .0 .0 2.6 2.4 MARCH 3.0 4.3 2.3 1.5 1.5 8.4 2.4 4.2 .0 .0 .0 3.1 2.3 APRIL 2.3 .3 1.3 1.0 1.4 5.0 16.9 2.8 .0 .0 .0 3.2 2.0 MAY-OCTOBER <7-12 MONTHS) 13.4 1.1 11.3 12.3 11.6 6.9 10.5 16.5 .0 .0 .0 18.2 16.0 OVER 12 MONTHS 29.5 .4 39.1 48.4 56.5 15.9 25.9 13.7 .0 .0 .0 17.4 23.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 OCTOBER TOTAL NOTE: 30-31 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. Ill TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF OCTOBER 29, 1986 (AMOUNTS IN MILLIONS OF DOLLARS) CD'S MATURING IN 1987 ALL DISTRICTS BOSTON NEW YORK PHILADELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO ST. LOUIS MINNEAPOLIS KANSAS CITY DALLAS SAN FRANCISCO NOVEMBER 7,431 295 1,860 93 511 255 51 1,418 0 0 0 974 1,973 DECEMBER 1,913 85 623 11 84 90 15 340 0 0 0 145 520 JANUARY 1,576 80 385 3 93 357 14 122 0 0 0 154 367 FEBRUARY 275 0 96 1 4 115 0 35 0 0 0 1 22 MARCH 279 2 46 0 29 88 1 51 0 0 0 19 44 1,154 1 272 26 253 231 6 153 0 0 0 37 174 12,628 464 3,282 135 974 1,136 87 2,119 0 0 0 1,330 3,101 AFTER MARCH 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. 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. Ill TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS, BY FEDERAL RESERVE DISTRICT AS OF OCTOBER 29, 1986 (PERCENTAGE DISTRIBUTION) 1987 r SAN FRANCISCO ALL DISTRICTS BOSTON NOVEMBER 58.8 63.6 56.7 69.2 52.5 22.5 58.6 66.9 .0 .0 .0 73.3 63.6 DECEMBER 15.1 18.4 19.0 8.5 8.6 7.9 17.7 16.0 .0 .0 .0 10.9 16.8 JANUARY 12.5 17.3 11.7 2.4 9.6 31.5 16.1 5.8 .0 .0 .0 11.5 11.8 FEBRUARY 2.2 .0 2.9 .4 .4 10.1 .0 1.7 .0 .0 .0 .1 .7 MARCH 2.2 .5 1.4 .2 3.0 7.7 .7 2.4 .0 .0 .0 1.4 1.4 AFTER MARCH 9.1 .2 8.3 19.4 25.9 20.3 6.9 7.2 .0 .0 .0 2.8 5.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 .0 .0 .0 100.0 100.0 CD'S MATURING IN TOTAL NOTE; NEW YORK IPHILAjDELPHIA CLEVELAND RICHMOND ATLANTA CHICAGO| ST. j LOUIS MINNEAPOLIS KANSAS CITY DALLAS 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. 1