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September 15, 1981
•

1




^

L.4.1 (731)
NOT FOR PUBLICATION

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"

/

SURVEY OF MONETARY STRUCTURE OF OUTSTANDING
LARGE DENCMINATION CERTIFICATES CF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of
August 26, 1981

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

*

4

*
TABLE

M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G

1

A N D S A L E S 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

AT L A R G E C O M M E R C I A L B A N K S
AS OF A U G U S T

26,

1981

(AMOUNTS IN M I L L I O N S OF
A M 0 U 1 T
1
CD'S

MATURING

IN

|
TOTAL

1
1
1
I

DOLLARS)

0 U T S T A N D I N G

I

NEW

YORK C I T Y

I
|

1

1/

I

I
I

OUTSIDE
|
NEW YORK C I T Y |

1

SINCE PREVIOUS

SALES

|

TOTAL

I
1

| NEW

1

YORK C I T Y

I
I
„JL
I
I
|
OUTSIDE
I
| NEW Y O R K C I T Y i
I
I

PERIOD

8,466

2,055

6,410

SEPTEMBER

47,225

11,579

35,646

19,529

4,589

14,940

OCTOBER

23,450

5,980

17,470

9,208

2,331

6,877

NOVEMBER

14,982

4,392

10,590

DECEMBER-FEBRUARY
(4-6 M O N T H S )

20, 115

5,812

14,303

3,851

458

3,393

5,727

583

5,145

123,816

30,859

92,957

44,568

11,088

33,480

35,097

10,204

24,893

14,725

4,062

10,663

BEYOND FEBRUARY
(OVER 6 M O N T H S )

9,578

1,040

8,538

1,105

106

1,000

SEPTEMBER
TAX M A T U R I T Y

1981

2,630

667

1,964

2.5

2.2

2.6

2.7

2.8

2.7

A U G U S T 27-31

1982 M A R C H - A U G U S T
(7-12 M O N T H S )
OVER

12 M O N T H S
TOTAL

15,830 2/

4,168

2/

11,662

MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 M O N T H S )

AVERAGE MATURITY
(IN M O N T H S )
3/

1/
2/
3/

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 OF D E P O S I T 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 I S S U E D BY B A N K S WITH
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 AS O F D E C E M B E R 3 1 , 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.
F O R M U L A S FOR C A L C U L A T I O N OF A V E R A G E M A T U R I T I E S A R E A V A I L A B L E ON R E Q U E S T FROM T H E B A N K I N G S E C T I O N ,
D I V I S I O N O F R E S E A R C H A N D S T A T I S T I C S , B O A R D OF G O V E R N O R S O F THE F E D E R A L R E S E R V E S Y S T E M .




2/

TABLE 2
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G A N D S A L E S 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
AT L A R G E C O M M E R C I A L B A N K S
AS OF A U G U S T
(PERCENTAGE

CD'S

M A T U R I N G IN

I
I
1
1
1
1
I

A M O U N T

TOTAL

26,

1/

1981

DISTRIBUTION!
I
|
I
I
OUTSIDE
|
NEW YORK C I T Y |
1

SALES

O U T S T A N D I N G

I
I
I NEW
I

YORK C I T Y

I
I
I
I

I
1
| NEW

TOTAL

I
|
1
1
|
|

SINCE PREVIOUS PERIOD

YORK C I T Y

1

1
OUTSIDE
1
1 NEW Y O R K C I T Y
...... . 1
.
.
1

6.8

6.7

6.9

SEPTEMBER

38.1

37.5

38.4

43.8

41.4

44.6

OCTOBER

18.9

19.4

18.8

20.7

21.0

20.5

NOVEMBER

12. 1

14.2

11.4

DECEMBER-FEBRUARY
(4-6 M O N T H S )

16.3

18.8

15.4

3.1

1.5

3.7

37.6 2 /

34.8 2/

4.6

1.9

5.5

100.0

100.0

100.0

100.0

100.0

100.0

28.4

33.1

26.8

33.0

36.6

31.9

BEYOND FEBRUARY
(OVER 6 M O N T H S )

7.7

3.4

9.2

2.5

1.0

3.0

SEPTEMBER
TAX M A T U R I T Y

1981

2.1

2.2

2.1

A U G U S T 27-31

1982 M A R C H - A U G U S T
(7-12 M O N T H S )
OVER

12 M O N T H S
TOTAL

35.5

2/

MEMORANDUM;
NOVEMBER-FEBRUARY
(3-6 M O N T H S )

1/
2/

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 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 O F $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 , 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.




>

$ 1 0 0 , 0 0 0 OR M O R E I S S U E D BY B A N K S WITH

TABLE 3
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G

A N D S A L E S 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

AT L A R G E C O M M E R C I A L B A N K S
AS OF A U G U S T 26,
(AMOUNTS IN
A M O U N T
CD'S

MATURING

TOTAL

1981

AUGUST 27-31

1981

M I L L I O N S OF

DOLLARS)

O U T S T A N D I N G

I
1
_

IN

1/

BANK S I Z E

$1-5

BILLION

SALES

SINCE PREVIOUS PERIOD

(ASSETS)

I

|

I

$5 B I L L I O N
A N D OVER

BANK
TOTAL

$1-5

SIZE

BILLION

(ASSETS)

I

|

I
L

$5 B I L L I O N
AND OVER

8,466

4,119

4,347

SEPTEMBER

47,225

19,984

27,242

19,529

9,713

9,817

OCTOBER

23,450

9,187

14,263

9,208

4,358

4,851

NOVEMBER

14,982

4,387

10,595

DECEMBER-FEBRUARY
(4-6 M O N T H S )

20,115

5,583

14,532

3,851

1,232

2,619

5,727

844

4,883

123,816

45,336

78,481

44,568

18,696

25,871

35,097

9,970

25,127

14,725

4,481

10,244

BEYOND FEBRUARY
(OVER 6 M O N T H S )

9,578

2,076

7,502

1,105

145

961

SEPTEMBER
TAX M A T U R I T Y

2,630

1,112

1,518

2.5

2.0

2.9

2.7

2.3

3.2

1982 M A R C H - A U G U S T
(7-12 M O N T H S )
OVER

12 M O N T H S
TOTAL

15,830 2/

4,626 2/

11,204 2/

MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 M O N T H S )

AVERAGE MATURITY
(IN M O N T H S )
3/

1/
2/
3/

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 OF D E P O S I T 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 I S S U E D BY B A N K S W I T H
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 3 1 , 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.
F O R M U L A S FOR C A L C U L A T I O N OF A V E R A G E M A T U R I T I E S A R E A V A I L A B L E ON R E Q U E S T FROM T H E B A N K I N G S E C T I O N ,
D I V I S I O N OF R E S E A R C H A N D S T A T I S T I C S , B O A R D OF G O V E R N O R S O F THE F E D E R A L R E S E R V E S Y S T E M .




TABLE 4
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G A N D S A L E S 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 O F D E P O S I T
AT L A R G E C O M M E R C I A L B A N K S
AS OF A U G U S T 2 6 ,

1/

1981

(PERCENTAGE DISTRIBUTION)
I
I
CD'S

MATURING

IN

I
I
I
I
I
I

A M O U N T

TOTAL

I
1_
I
|
I
1

O U T S

T A N D I N G

BANK SIZE

$1-5

BILLION

(ASSETS)
I
I
1
1

$5 B I L L I O N
AND OVER

1
|
1
|
1
|
|
1

SALES SINCE PREVIOUS PERIOD
BANK

TOTAL

(ASSETS)

SIZE

$1-5 BILLION

I
|
|
1

$5 B I L L I O N
AND OVER

6.8

9.1

5.5

SEPTEMBER

38. 1

44.1

34.7

43.8

52.0

37.9

OCTOBER

18.9

20.3

18.2

20.7

23.3

18.8

NOVEMBER

12.1

9.7

13.5

DECEMBER-FEBRUARY
(4-6 M O N T H S )

16.3

12.3

18.5

3.1

2.7

3.3

35.5 2/

24.7 2/

43.3

4.6

1.9

6.2

100.0

100.0

100.0

100.0

100.0

100.0

28.4

22.0

32.0

33.0

24.0

39.6

BEYOND FEBRUARY
(OVER 6 M O N T H S )

7.7

4.6

9.6

2.5

.8

3.7

SEPTEMBER
TAI MATURITY

2.1

2.5

1.9

1981 A U G U S T 27-31

1982 M A R C H - A U G U S T
(7-12 M O N T H S )
OVER

12 M O N T H S
TOTAL

MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 M O N T H S )

1/
2/

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 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 M O R E A S O F D E C E M B E R 3 1 , 1977.
S A L E S WITH M A T U R I T I E S B E Y O N D S E C O N D M O N T H .




$ 1 0 0 , 0 0 0 OR

M O R E I S S U E D BY B A N K S W I T H

2/

1
1
.1
1
1
1
1
1
1

4

TABLE 5
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G 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
AT L A R G E C O M M E R C I A L 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 A U G U S T 26,

1981

(AMOUNTS IN M I L L I O N S OF

CD'S

MATURING IN

ALL
DISTRICTS

BOSTON

NEW
YORK

I
I

I
I

I
I

I

I

DOLLARS)

I

1 PHILA-I CLEVE-I R I C H |DELPHIA|
L A N D | MOND

I
I

I
I

I

I

I
I

I
i

I

|
|
| ST.
| A T L A N T A | C H I C A G O | LOUIS

I
I

| MINNE-|
| APOLISj

I
1

KANSAS|
I SAN
CITY | DALLAS! FRANCISCO

8,466

525

2,431

270

420

270

258

1,384

104

167

172

815

1,649

SEPTEMBER

47,225

2,761

13,361

1,064

2,697

1,635

893

7,024

383

1,075

1,236

3,747

11,347

OCTOBER

23,450

1,056

6,617

575

1,382

773

356

3,895

168

669

326

1,848

5,785

NOVEMBER

14,982

486

4,741

240

793

402

222

2,443

70

220

182

1,120

4,062

DECEMBER-FEBRUARY
(4-6 MONTHS)

1981

20,115

358

6,184

303

1,251

469

206

2,769

145

326

235

1,450

6,417

3,851

173

556

126

146

128

66

467

35

10

66

327

1,754

5,727

21

609

86

279

36

30

286

51

101

30

282

3,916

123,816

5,380

34,500

2,664

6,970

3,713

2,030

18,268

956

2,569

2,247

9,589

34,930

35,097

844

10,926

543

2,045

871

428

5,213

215

547

417

2,570

10,479

BEYOND FEBRUARY
(OVER 6 MONTHS)

9,578

193

1,165

212

425

164

95

752

86

111

96

609

5,670

SEPTEMBER
TAX M A T U R I T Y

2,630

187

751

53

138

92

34

408

17

142

23

113

674

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

2.5

1.6

2.2

2.2

2.4

2.0

1.8

2.1

2.5

2-1

1.8

2.3

3. 5

NUMBER OF BANKS

126

9

19

7

10

13

10

15

5

3

5

8

22

A U G U S T 27-31

1982 M A R C H - A U G U S T
(7-12 MONTHS)
OVER

12 M O N T H S
TOTAL

MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 MONTHS)

1/
2/

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 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 $1 BILLION OR MORE AS OF DECEMBER 31, 1977.
WEIGHTING P R O C E D U R E IS THE S A M E AS THAT USED FOR "TOTAL" O U T S T A N D I N G S C O L U M N IN T A B L E 1.




TABLE 6
M A T U R I T Y D I S T R I B U T I O N OF O U T S T A N D I N G 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 O F D E P O S I T
A T L A R G E C O M M E R C I A L 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 O F A U G U S T 2 6 ,

1981

(PERCENTAGE DISTRIBUTION!

C D ' S M A T U R I N G IN

ALL
DISTRICTS

BOSTON

NEW
YORK

I
I

I
I

I
I

I
_L

I
_.
L

_L.

| PHILA-| CLEVB-I RICH|DELPHIAI
LAND | MONO

I

I
I

I
±

I
_.
L

|
I
|ATLANTA|CHICAGO

I
I

I
I

_L

I
I

_L

ST.
LOUIS

I
I

I
I

I
I

| MINNB-I K A N S A S !
I
SAN
|
| APOLISI
CITY | DALLAS| FRAN- |
|
|
I
I CISCO I

_ J

_L

6.8

9.8

7.1

10.2

6.0

7.3

12.7

7.6

10.8

6.5

7.7

8.5

4.7

SEPTEMBER

38.1

51.3

38.7

39.9

38.7

44.0

44.0

38.5

40.1

41.9

55.0

39-1

32.5

OCTOBER

18.9

19.6

19.2

21.6

19.8

20.8

17.5

21.3

17.6

26.1

14.5

19.3

16.6

NOVEMBER

12.1

9.0

13.7

9.0

11.4

10.8

10.9

13.4

7.3

8.6

8.1

11.7

11.6

DECEMBER-FEBRUARY
(4-6 M O N T H S )

1981

16.3

6.7

17.9

11.4

18.0

12.6

10.1

15.2

15.2

12.7

10.5

15,1

18.4

3.1

3.2

1.6

4.7

2.1

3.4

3.2

2.6

3.6

.4

2.9

3.4

5.0

4.6

.4

1.8

3.3

4.0

1.0

1.5

1.6

5.4

3.9

1.3

2.9

11.2

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

28.4

15.7

31.7

20.4

29.3

23.5

21.1

28.5

22.5

21.3

18.6

26.8

30.0

BEYOND FEBRUARY
(OVER 6 M O N T H S )

7.7

3.6

3.4

8.0

6.1

4.4

4.7

4. 1

9.0

4.3

4.3

6.4

16.2

SEPTEMBER
TAX MATURITY

2.1

3.5

2.2

2.0

2.0

2.5

1.7

2.2

1.8

5.5

1.0

1.2

1.9

AUGUST 27-31

1982 M A R C H - A U G U S T
(7-12 M O N T H S )
OVER

12 M O N T H S
TOTAL

MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 M O N T H S )

1/

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 OF D E P O S I T IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OR
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 , 1977.




>

M O R E I S S U E D BY B A N K S B I T H

TABLE 7
S A L E S 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 E P R E V I O U S M O N T H
A T L A R G E C O M M E R C I A L 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 A U G U S T 2 6 ,
(AMOUNTS IN

CD'S

ALL
DISTRICTS

M A T U R I N G IN

I
I

I
J

I
L

| PHILA-I
|DELPHIAI

M I L L I O N S OF

I
I

DOLLARS)

I
J

ATLANTA CHICAGO

ST.
LOUIS

I
I

I
I

I

I

CLEVE-I RICHLAND J MONO

I
I

L

I

1

I MINNB-I K A N S A S !
I
SAN
| APOLISI
CITY | DALLAS! FRAN|
|
|
| CISCO

19,529

1,021

744

431

2,253

198

573

864

1,625

4,315

469

2,531

332

495

372

166

1,597

78

169

171

911

1,919

430

4,353

296

788

431

197

2,379

131

158

149

1,241

5,277

2,341

12,497

1,078

2,304

1,547

794

6,229

406

900

1,185

3,776

11,511

14,725

389

4,400

272

759

407

194

2,331

101

164

148

1,104

4,455

1,105

TOTAL

450

44,568

OH L A T E R

5,613

15,830

OCTOBER

1,442

9,208

SEPTEMBER

NOVEMBER

BOSTON

NEW
YORK

I
I

1981

41

-47

24

29

24

2

48

30

-6

1

136

822

2.7

2. 1

2.6

2.5

2.6

2.4

2.2

2.8

2.9

1.9

1.7

2.7

3.3

MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 M O N T H S )
BEYOND FEBRUARY
(OVER 6 M O N T H S )
AVERAGE MATURITY
(IN M O N T H S )
3/

1/

2/

3/

2/

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 OF D E P O S I T 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 I S S U E D BY B A N K S W I T H
D O M E S T I C A S S E T S O F $1 B I L L I O N OR MORE A S OF D E C E M B E R 3 1 , 1 9 7 7 .
D E T A I L S MAY NOT A D D TO T O T A L S DUE TO B O U N D I N G .
N E G A T I V E V A L U E S , FOB S O M E D I S T R I C T S , S O M E T I M E S R E S U L T F B O M 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 F O R T H E
7 T H M O N T H OF T H E T O T A L O F 7 - 1 2 MONTH M A T U R I T I E S OF T H E P R E V I O U S S U R V E Y .
T H E S E E S T I M A T E S A R E B A S E D ON A R A T I O OF T H E 7 T H M O N T H TO T H E T O T A L O F 7 - 1 2 M O N T H S FOR A L L R E P O R T E R S
R A T H E R T H A N FOR T H E I N D I V I D U A L D I S T R I C T S .
W E I G H T I N G P R O C E D U R E IS T H E S A M E AS T H A T U S E D FOR "TOTAL* S A L E S C O L U M N IN T A B L E 1.




TABLE
SUBS

8

O F 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 E P R E V I O U S M O N T H
A T L A R G E C O M M E R C I A L 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

AUGUST 26,

1981

(PERCENTAGE DISTRIBUTION)

CD'S

M A T U R I N G IN

DIST-

!
BOSTON

I

I

i — i

I

i

i

c

"!> IOIlphiI! "!S~! !£5" !muii!tiro»«!

J

J

J

I

J

i

i

i

*""*! ».msl ™ > - 1

J

I

1

I

1^-11

43.8

61.6

44.9

41.7

44.3

48. 1

54.4

36.2

48.7

63.7

73.0

43.0

37.5

SEPTEMBER

20.7

20.0

20.3

30.8

21.5

24.1

20.9

25.6

19.1

18.7

14.5

24.1

16.7

OCTOBER

35.5

18.4

34.8

27.5

34.2

27.9

24.8

38.2

32.3

17.6

12.6

32.9

45.9

N O V E M B E R OR L A T E R

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

33.0

16.6

35.2

25.2

32.9

26.3

24.5

37.4

24.9

18.2

12.5

29.2

38.7

2.5

1.8

-.4

2.3

1.3

1.5

.3

.8

7.4

-.7

.1

3.6

7.1

TOTAL
MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 M O N T H S )
BEYOND FEBRUARY
(OVER 6 M O N T H S )

1/

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 OF D E P O S I T IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 OB
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 A S O F D E C E M B E R 3 1 , 1977.
D E T A I L S MAY N O T ADD TO T O T A L S DOE TO R O U N D I N G .




MORE I S S U E D BY B A N K S BITH

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