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*r —t September 14, 1979 1.4.1(731) NOT FOR PUBLICATION V<e><c.*W SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of August 29, 1979 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF AUGUST 29, 1979 (AMOUNTS IN MILLIONS OF DOLLARS ) A M O U N T CD'S MATURING IN TOTAL SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G I I I | | OUTSIDE I I NEW YORK CITY J NEW YORK CITY I TOTAL I I 1 I OUTSIDE I NEW YORK CITY I NEW YORK CITY 2,391 467 1,924 SEPTEMBER 18,822 3,921 14,901 7,622 1,346 6,276 OCTOBER 15,841 3,230 12,611 3,734 736 2,998 9,776 1,838 7,938 24,178 6,578 17,600 4,253 394 3,859 3,358 1,222 2,136 78,619 17,650 33,955 BEYOND FEBRUARY (OVER 6 MONTHS) SEPTEMBER TAX MATURITY 1979 AUGUST 30-31 NOVEMBER DECEMBER-FEBRUARY (4-6 MONTHS1 1980 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL 12,226 2/ 2,696 2/ 60,969 23,582 4,778 18,804 8,416 25,538 11,114 2,684 8,430 7,611 1,616 5,995 1,112 12 1,100 1,863 408 1,455 3.2 3.5 3.1 3.4 3.5 3.4 9,530 2/ MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE AVAILABLE ON REQUEST FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF AUGUST 29, 1979 1 PERCENT AGE DISTRIBUTION! A M 0 U N T 1 1 1 1 OUTSIDE | NEW YORK CITY | 1 1 j 1 1 OUTSIDE 1 NEW YORK CITY I i SALES SINCE PREVIOUS PERIOD 0 U T S T A N D I N G 1 1 1 1 1 NEW YORK CITY 1 1 1 TOTAL 1 1 1 1 1 NEW YORK CITY 1 I I 3.0 2.6 3.1 SEPTEMBER 23.9 22.2 24.4 32.3 28.1 33.3 OCTOBER 20.1 18.3 20.6 15.8 15.4 15.9 NOVEMBER 12.4 10.4 13.0 DECEMBER-FEBRUARY (4-6 MONTHS) 30.7 37.2 28.8 5.4 2.2 6.3 51,8 2/ 56.4 2/ 50.6 2/ 4.2 6.9 3.5 100.0 100.0 100.0 100.0 100.0 100.0 43.1 47.6 41.8 47.1 56.1 44.8 BEYOND FEBRUARY (OVER 6 MONTHS) 9.6 9.1 9.8 4.7 .2 5.8 SEPTEMBER TAX MATURITY 2.3 2.3 2.3 CD'S MATURING IN 1979 AUGUST 30-31 1980 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL I TOTAL MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) 1/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF AUGUST 29, 1979 (AMOUNTS IN MILLIONS OF DOLLARS) A M O U N T BANK SIZE CD'S MATURING IN TOTAL SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G (ASSETS) I $1-5 BILLION I I L $5 BILLION AND OVER BANK SIZE I J. I I TOTAL I I I J (ASSETS) I $1-5 BILLION I | I $5 BILLION AND OVER 2,391 1,231 1,160 SEPTEMBER 18,822 9,192 9,630 7,622 4,001 3,621 OCTOBER 15,841 7,175 8,666 3,734 1,905 1,829 NOVEMBER 9,776 4,538 5,238 24,178 9,216 14,962 4,253 2,291 1,963 4,945 2/ 7,281 2/ 3,358 635 2,722 78,619 34,279 44,341 23,582 IP,851 12,731 33,955 13,755 20,200 11,114 4,433 6,681 BEYOND FEBRUARY (OVER 6 MONTHS) 7,611 2,926 4,685 1,112 512 601 SEPTEMBER TAX MATURITY 1,863 847 1,017 3.2 2.9 3.4 3.4 3.2 3.7 1979 AUGUST 30-31 DECEMBER—FEBRUARY (4-6 MONTHS) 1980 MARCH-AUGUST (7—12 MONTHS) OVER 12 MONTHS TOTAL 12,226 2/ MEMORANDUMS NOVEMBER-FEBRUARY (3-6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARE AVAILABLE ON REQUEST FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. TABLE 4 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF AUGUST 29, 1979 1 1 CD'S MATURING IN 1 1 1 « 1 1 1EE&CENTAGE DISTRIBUTION) A M O U N T TOTAL 0 U T S T A N D I N G BANK SIZE (ASSETS) 1 1_ 1 1 I $1-5 BILLION I $5 BILLION AND OVER 1 1 1 1 1 | t | 1 1 | 1 1 SALES SINCE PREVIOUS PERIOD TOTAL 1 1 1 I 1 1 BANK SIZE 1 $1-5 BILLION 1 1 1 (ASSETS) $5 BILLION AND OVER 3.0 3.5 2.6 SEPTEMBER 23.9 26.8 21.7 32.3 36.8 28.4 OCTOBER 20.1 20.9 19.5 15.8 17.5 14.3 NOVEMBER 12.4 13.2 11.8 DECEMBER-FEBRUARY (4-6 MONTHS) 30.7 26.8 33.7 5.4 6*6 4.4 51.8 2/ 45.5 2/ 57.1 2/ 4.2 1.8 6.1 100.0 100.0 100.0 100.0 100,0 100.0 43.1 40.1 45.5 47.1 40.8 52.4 BEYOND FEBRUARY (OVER 6 MONTHS) 9.6 8.5 10.5 4.7 4.7 4.7 SEPTEMBER 2.3 2.4 2.2 1979 AUGUST 30-31 1980 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) , 1/ 2/ J AX MATURITY. INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. SALES WITH MATURITIES BEYOND SECOND MONTH. 1 j 1 I 1 1 I 1 1 TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF AUGUST 29, 1979 (AMOUNTS IN MILLIONS Qf D0LLA&&1. GO'S MATURING IN 1979 AUGUST 30-31 ALL DISTRICTS BOSTON I I I I 1 I NEW | PHILA-l CLEVE-I RICHYORK |DELPHIA| LAND I MOND I I I L I I I I I I I I I I J I I I I I ST. I MINNE-I KANSAS I | SAN ATLANTA!CHICAGO| LOUIS I APOLISI CITY | DALLAS! FRANI I I I I I CISCO 1 1 1 1 I I 2,391 86 573 114 149 174 108 411 47 6 42 144 538 SEPTEMBER 18,822 919 4,791 870 1,233 789 559 2,830 228 386 447 1,481 4,290 OCTOBER 15,841 569 3,956 735 1,135 637 386 2,607 176 391 292 1,155 3,803 NOVEMBER 9,776 408 2,342 457 673 527 292 1,832 89 240 156 765 1,995 24,178 1,342 7,338 912 1,607 776 726 2,428 248 384 352 1,769 6,297 4,253 211 611 199 348 240 210 868 27 21 51 654 816 3,358 126 1,316 107 178 12 55 370 5 13 7 160 1,009 78,619 3,660 20,926 3,394 5,322 3,154 2,335 11,346 818 1,441 1,348 6,128 18,746 33,955 1,749 9,680 1,368 2,280 1,303 1,018 4,261 337 624 508 2,534 8,292 BEYOND FEBRUARY (OVER 6 MONTHS) 7,611 336 1,927 306 526 252 265 1,237 32 34 58 814 1,824 SEPTEMBER TAX MATURITY 1,863 75 471 103 96 91 46 419 27 35 30 146 324 AVERAGE MATURITY (IN MONTHS) 2/ 3.2 3.3 3.4 3.0 3.2 2.8 3.2 3.0 2.5 2.5 2.4 3.4 3.3 NUMBER OF BANKS 128 9 19 7 11 13 10 15 5 3 5 8 23 DECEMBER-FEBRUARY (4-6 MONTHS) 1980 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) 1/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL' OUTSTANDINGS COLUMN IN TABLE 1. TABLE 6 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF AUGUST 29, 1979 CD'S MATURING IN 1979 AUGUST 30-31 ALL DISTRICTS BOSTON (PERCENTAGE DISTRIBUTION! I I I I I I I I NEW I PHILA-I CLEVE-I RICHI YORK |DELPHIAl LAND I MONO ATLANTAlCHICAGO I I i I : I I 1 L . I I I I I I I I I I ST. I MINNE-I KANSAS I I SAM | LqUIS I APOLISJ CITY I DALLAS 1 FRAN- I I I I I CISCO | 1 J 1 I 1 3.0 2.3 2.7 3.3 2.8 5.5 4.6 3.6 5.7 .4 3.0 2.3 2.8 SEPTEMBER 23.9 25.1 22.8 25.6 23.1 25.0 23.9 24.9 27.8 26.8 33.2 24.1 22.8 OCTOBER 20.1 15.5 18.9 21.6 21.3 20.1 16.5 22.9 21.4 27.1 21.6 18.8 20.2 NOVEMBER 12.4 11.1 11.1 13.4 12.6 16.6 12.5 16.1 10.8 14.6 11.6 12.4 10.6 DECEMBER-FEBRUARY (4-6 MONTHS) 30.7 36.6 35.0 26.8 30.1 24.6 31.0 21.4 30.2 26.6 26.1 28.8 33.5 5.4 5.7 2.9 5.8 6.5 7.6 8.9 7.6 3.2 1.4 3.8 10.6 4.3 4.2 3.4 6.2 3.1 3.3 .3 2.3 3.2 .6 .9 .5 2.6 5.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 10Q.0 100.0 100.0 1Q0.0 100.0 43.1 47.8 46.2 40.3 42.8 41.3 43.5 37.5 41.1 43.3 37.7 41.3 44.2 BEYOND FEBRUARY (OVER 6 MONTHS) 9.6 9.1 9.2 9.0 9.8 7.9 11.3 10.9 3.8 2.3 4.3 13.2 9.7 SEPTEMBER TAX MATURITY 2.3 2.0 2.2 3.0 1.8 2.8 1.9 3.7 3.2 2.4 2.2 2.3 1.7 1980 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) 1/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS UF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. TABLE 7 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF AUGUST 29, 1979 CD'S MATURING IN 1 1 1 1 1 i ALL DISTRICTS 1 1 1 1 | 1 I BOSTON! 1 1 1 1 I AMOUNTS TM MILLIONS HF DOLLARS) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 i NEW | PHI LA-1 CLEVE-| RICHI 1 1 ST. | MINNE-I KANSAS I 1 SAN ATLANTAICHICAGOI LOUIS | APOLIS| CITY | DALLAS] FRAN- | YORK |DELPHIA| LAND I MOND 1 1 1 1 1 1 1 QISCO | 1 1 i 1 1 1 1 1 1 | I SEPTEMBER 7,622 386 1,749 372 495 320 190 1,096 92 145 233 579 1,973 OCTOBER 3,734 190 910 190 307 173 66 -97 62 69 103 245 1,517 12,226 557 3,158 511 769 432 404 1,715 104 258 176 862 3,279 23,582 1,133 5,817 1,073 1,572 925 660 2,714 249 473 512 1,686 6,769 11,114 537 3,128 410 694 393 382 1,302 105 258 174 670 3,062 1,112 20 30 100 75 39 22 414 0 0 2 192 217 3.4 3.1 3.3 3.5 3.3 3.2 3.6 4.2 2.9 3.2 2.5 3.7 3.2 NOVEMBER OR LATER TOTAL MEMORANDUMS NOVEMBER-FEBRUARY (3-6 MONTHS) BEYOND FEBRUARY (OVER 6 MONTHS) AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. NEGATIVE VALUES, FOR SOME DISTRICTS, SOMETIMES RESULT FROM THE PROCEDURE THAT ESTIMATES SALES FOR THE 7TH MONTH OF THE TOTAL OF 7-12 MONTH MATURITIES OF THE PREVIOUS SURVEY. THESE ESTIMATES ARE BASED ON A RATIO OF THE 7TH MONTH TO THE TOTAL OF 7-12 MONTHS FOR ALL REPORTERS RATHER THAN FOR THE INDIVIDUAL DISTRICTS. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR 'TOTAL' SALES COLUMN IN TABLE 1. TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF AUGUST 29, 1979 CD'S MATURING IN 1 1 1 1 1 1 ALL DISTRICTS 1 1 I 1 | 1 | BOSTONl 1 1 i 1 anam lurcx. 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 NEW | PHI LA-| CLEVE-I RICH- 1 | ST. 1 MINNE-I KANSAS! 1 1 SAN |ATLANTA|CHICAGO I LOUIS 1 APOLISI CJTY | DALLAS| FRAN- I YORK |DELPHIA| LAND I MONO 1 1 1 1 1 1 1 1 CISCO | 1 i 1 1 1 1 1 1 1 1 SEPTEMBER 32.3 34.0 30.0 34.6 31.5 34.5 28.8 40.3 32.9 30.7 45.5 34.3 29.1 OCTOBER 15.8 16.7 15.6 17.7 19.5 18.6 9.9 -3.5 25.0 14.5 20.0 14.5 22.4 NOVEMBER OR LATER 51.8 49.1 54.2 47.5 48.9 46.7 61.2 63.2 41.9 54.6 34,4 51.1 48.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 47.1 47.3 53.7 38.2 44.1 42.5 57.8 47.9 41.9 54.6 33.9 39.7 45.2 4.7 1.7 .5 9.3 4.7 4.2 3.3 15.2 .0 .0 .4 11.3 3.2 TOTAL MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) BEYOND FEBRUARY (OVER 6 MONTHS) 1/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
@FedFRASER