The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
September 18, 1980
L.4.1.(731)
NOT FOR PUBLICATION
w
A
%
\p
SURVEY OF MATURITY STRUCTURE OF OUTSTANDING
LARGE DENOMINATION CERTIFICATES OF
DEPOSITS AT LARGE COMMERCIAL BANKS
as of
August 27, 1980
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
J
TABLE 1
MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF AUGUST 27, 1980
|
{
j
CD'S MATURING IN
|
|
|
L_.
1980 AUGUST 28-31
(AMOUNTS IN MILLIONS OF DOLLARS)
A M O U N T
TOTAL
O U T S T A N D I N G
I
|
i
I
I
I
|
|
OUTSIDE
|
| NEW YORK CITY | NEW YORK CITY |
I
I
I
I
SALES SINCE PREVIOUS PERIOD
TOTAL
I
1
J
j
I
I
OUTSIDE
I
1 NEW YORK CITY I NEW YORK CITY I
I
1
L
2,300
330
1,969
SEPTEMBER
27,441
5,142
22,299
11,382
2,027
9,355
OCTOBER
15,876
4,277
11,600
3,682
666
3,016
9,507
3,389
6,118
22,278
7,059
15,219
5,887
906
4,982
4,571
897
3,673
87,860
22,000
NOVEMBER-FEBRUARY
(3-6 MONTHS)
31,785
BEYOND FEBRUARY
(OVER 6 MONTHS)
NOVEMBER
DECEMBER-FEBRUARY
(4-6 MONTHS)
1981 MARCH-AUGUST
(7-12 MONTHS)
OVER 12 MONTHS
TOTAL
11,514 2/
3,354 2/
8,160 2/
65,860
26,578
6,047
20,531
10,449
21,337
10,587
3,226
7,362
10,458
1,803
8,655
927
128
798
3,310
558
2,751
3.2
3.3
3.2
3.0
3.5
2.9
MEMORANDUM:
SEPTEMBER 15
TAX MATURITY
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 CF 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 27, 1980
(PERCENTAGE DISTRIBUTION)
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
OUTSIDE
| NEB YORK CITY | NEW YORK CITY
.L
_L
TCTAL
I
I
_L
_L
|
|
OUTSIDE
j
| NEW YORK CITY | NEW YORK CITY |
2.6
1.5
3.0
SEPTEMBER
31.2
23.4
33.9
42.8
33.5
45.6
OCTOBER
18.1
19.4
17.6
13.9
11.0
14.7
NOVEMBER
10.8
15.4
9.3
DECEMBER-FEBRUARY
(4-6 MONTHS)
25.4
32.1
23.1
6.7
4.1
7.6
43.3 2/
55.5 2/
39.7 2/
5.2
4.1
5.6
100.0
100.0
100.0
100.0
100.0
100.0
NOVEMBER-FEBRUARY
(3-6 MONTHS)
36.2
47.5
32.4
39.8
53.3
35.9
BEYOND FEBRUARY
(OVER 6 MONTHS)
11.9
8.2
13.1
3.5
2.1
3.9
3.8
2.5
4.2
1980 AUGUST 28-31
1981 MARCH-AUGUST
(7-12 MONTHS)
OVER 12 MONTHS
TOTAL
MEMORANDUM:
SEPTEMBER 15
TAX MATURITY
1/
2/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED EY 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 27, 1980
(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
BANK SIZE
(ASSETS)
1
$1-5 BILLION |
I
$5 BILLION
AND OVER
I
I
I
JL
TCTAL
(ASSETS)
I
$1-5 BILLION I
i
1.
$5 BILLION
AND OVER
2,300
1,359
940
SEPTEMBER
27,441
13,417
14,023
11,382
5,941
5,441
OCTOBER
15,876
6,454
9,422
3,682
1,755
1,927
9,507
3,660
5,847
22,278
6,975
15,303
5,887
2,272
3,615
4,016 2/
7,498 2/
4,571
705
3,866
87,860
34,843
53,017
26,578
11,713
14,866
NOVEMBER—FEBRUARY
(3-6 MONTHS)
31,785
10,636
21,150
10,587
3,471
7,116
BEYOND FEBRUARY
(OVER 6 MONTHS)
10,458
2,977
7,481
927
545
382
3,310
1,349
1,961
3.2
2.6
3.6
3.0
2.7
3.3
1980 AUGUST 28-31
NOVEMBER
DECEMBER-FEBRUARY
(4-6 MONTHS)
1981 MARCH-AUGUST
(7-12 MONTHS)
OVER 12 MONTHS
TOTAL
11,514 2/
MEMORANDUM:
SEPTEMBER 15
TAX MATURITY
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 CF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.
1
I
_1
I
I
j
|
1
TABLE 4
MATURITY DISTRIBUTION OP OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
AT LARGE COMMERCIAL BANKS
1/
AS OF AUGUST 27, 1980
(PERCENTAGE DISTRIBUTION)
CD'S MATURING IN
1980 AUGUST 28-31
1
1
1
I
1
1
I
1
1
A MO U N T
TOTAL
I
I
I
I
I
I
0 U T S T A N D I N G
BANK SIZE
I
$1-5 BILLION |
I
1
(ASSETS)
$5 BILLION
AND OVER
I
|
1
I
I
I
I
t
SALES SINCE PREVIOUS PERIOD
I
TCTAL
I
i
1
I
BANK SIZE
I
$1-5 BILLION |
|
l
(ASSETS)
!
$5 BILLION
AND OVER
l
2.6
3.9
1.8
SEPTEMBER
31.2
38.5
26.5
42.8
50.7
36.6
OCTOBER
18.1
18.5
17.8
13.9
15.0
13.0
NOVEMBER
10.8
10.5
11.0
DECEMBER-FEBRUARY
(4-6 MONTHS)
25.4
20.0
28.9
6.7
6.5
6.8
43.3 2/
34.3 2/
50.4 2/
5.2
2.0
7.3
100.0
100.0
100.0
100.0
100.0
100.0
NOVEMBER-FEBRUARY
(3-6 MONTHS)
36.2
30.5
39.9
39.8
29.6
47.9
BEYOND FEBRUARY
(OVER 6 MONTHS)
11.9
8.5
14. 1
3.5
4.7
2.6
3.8
3.9
3.7
1981 MARCH-AUGUST
(7-12 MONTHS)
OVER 12 MONTHS
TOTAL
MEMORANDUM:
SEPTEMBER 15
TAX MATURITY
1/
2/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED EY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OR MORE AS OF DECEMBER 31, 1977.
SALES WITH MATURITIES BEYOND SECOND MONTH.
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 27, 1980
I
CD'S MATURING IN
|
|
j
ALL
DISTRICTS
I
1
1980 AUGCST 28-31
1
I
1
I
|
I
1 BOSTON|
1
1
I
I
I
I
I
I
I
I
1
1
1
I
I
I
I
I
I
I
I
I
I
1
1
I
I
1
1
NEW
| PHILA-| CLEVE-1 RICH- |
SAN
I
ST.
| MINNE-I KANSAS!
YORK |DELPHIAJ
LAND 1 MOND |ATLANTA CHICAGO| LOUIS | APOLIS| CITY l DALLAS| FRAN- |
I
1
1
1 CISCO I
I
1
I
I
I
2,300
103
453
49
204
96
60
299
44
81
52
242
616
SEPTEMBER
27,441
1,830
6,426
896
1,765
1,132
716
4,929
2 86
463
574
2,448
5,975
OCTCBES
15,876
732
4,914
561
1,062
611
305
2,750
133
216
233
932
3,426
9,507
412
3,736
183
420
363
202
1,418
66
264
111
716
1,616
22,278
567
7,570
322
1,195
556
359
2,196
80
288
229
1,765
7,150
5,887
85
965
136
6 73
207
119
741
43
167
131
583
2,035
4,571
144
971
99
230
33
36
475
1
79
24
233
2,245
87,860
3,874
25,037
2,245
5,550
2,999
1,796
12,807
654
1,559
1,354
6,920
23,064
NOVEMBER-FEBRUARY
(3-6 MONTHS)
31,785
979
11,306
505
1,615
919
561
3,614
146
553
340
2,481
8,766
BEYCND FEBRUARY
(OVER 6 MONTHS)
10,458
229
1,937
235
903
241
155
1,216
45
246
155
816
4,280
3,310
228
725
92
195
121
45
802
21
52
61
• 268
699
AVERAGE MATURITY
(IN MONTHS) 2/
3.2
2.2
3.1
2.7
3.3
2.5
2.6
2.7
2.1
3.3
2.7
3.1
4.1
NUMBER OF BANKS
126
9
19
7
11
13
9
15
5
3
5
8
22
NOVEMBER
DECEMBER-FEBRUARY
(4-6 MONTHS)
1981 "MARCH-AUGUST
(7-12 MONTHS)
OVER 12 MONTHS
TOTAL
MEMORANDUMS
SEPTEMBER 15
TAX MATURITY
1/
2/
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED EY 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 27, 1980
1 A. AJ U V W i l
CD'S MATURING IN
1
I
1
J
J
1
ALL
DISTRICTS
1
I
1
I
|
I
j BOSTON|
1
I
1
1
»vf
j-i
1
1
1
1
1
1
NEW
| PHILA-I CLEVE-| RICHYORK IDELPHIA| LAND j MONO
1
1
i
1
|
1
I
I
I
1
I
I
I
I
I
I
I
1
I
1
|
| MINNE-I KANSAS!
I
I ST.
1 SAN
|ATLANTA|CHICAGO| LOUIS | APOLIS| CITY | DALLAS! FRANI
I
I
t
I
1
1 CISCO
I
1
1
I
1
I
1
2.6
2.7
1.8
2.2
3.7
3.2
3.3
2.3
6.7
5.2
3.9
3.5
2.7
SEPTEMBER
31.2
47.2
25.7
39.9
31.8
37.7
39.9
38.5
43.7
29.7
42.4
35.4
25.9
OCTCBEF
18.1
18.9
19.6
25.0
19.1
20.4
17.0
21.5
20.4
13.9
17.2
13.5
14.9
NOVEMBER
10.8
10.6
14.9
8.1
7.6
12.1
11.2
1 1.1
10.1
17.0
8.2
10.3
7.0
DECEMBER-FEBRUARY
(4-6 MONTHS)
25.4
14.6
30.2
14.3
21.5
18.5
20.0
17.1
12.3
18.5
16.9
25.5
31.0
6.7
2.2
3.9
6.1
12.1
6.9
6.6
5.8
6.6
10.7
9.7
8.4
8.8
5.2
3.7
3.9
4.4
4.2
1.1
2.0
3.7
.2
5.0
1.8
3.4
9.7
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
36.2
25.3
45.2
22.5
29.1
30.6
31.2
28.2
22.4
35.5
25.1
35.9
38.0
11.9
5.9
7.7
10.5
16.3
8.0
8.6
9.5
6.9
15.8
11.4
11.8
18.6
3.8
5.9
2.9
4.1
3.5
4.1
2.5
6.3
3.1
3.3
4.5
3.9
3.0
80 AUGUST 28-31
981 MARCH-AUGUST
(7-12 MONTHS)
OVER 12 MONTHS
TOTAL
MEMORANDUM:
NOVEMBER-FEBRUARY
(3-6 MONTHS)
BEYCND FEBRUARY
(OVER 6 MONTHS)
SEPTEMBER 15
TAX MATURITY
1/
;
!
INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH
DOMESTIC ASSETS OF $1 BILLION OS 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 27, 1980
CD'S MATURING IN
I
I
I
I
I
I
SEPTEMBER
OCTOBER
NOVEMBER OR LATER
TOTAL
ALL
DISTRICTS
I
I
|
I
J
I
l BOSTON!
I
I
I
(AMOUNTS IN MILLIONS OF DOLLARS!
I
1
I
I
I
I
I
i
I
1
1
I
I
I
I
I
I
I
NEW 1 PHILA-j CLEVE-I RICHI
ST.
I MINNS-! KANSAS!
I SAN
YORK jDELPHIAl
LAND | MOND
ATLANTA CHICAGO! LOUIS | APOLIS| CITY J DALLAS! FRAN- |
t
1
1
1
I CISCO |
I
I
I
1
1
1
1
1
1
I
1
1
11,382
885
2,615
381
679
476
313
2,344
140
107
329
1,001
2,112
3,682
247
878
257
203
153
58
785
45
16
56
174
810
11,514
535
3,635
187
657
465
226
1,394
64
257
115
892
3,086
26,578
1,666
7,128
825
1,539
1,094
597
4,523
249
380
501
2,067
6,008
10,587
503
3,494
166
473
365
194
1,239
51
208
92
832
2,969
927
32
141
21
184
100
31
155
13
49
23
60
117
3.0
2.5
3.2
2.4
3.4
3.3
2.9
2.6
2.5
4.3
2.3
2.9
3.2
RANDOM:
NOVEMBER-FEBRUARY
(3-6 MONTHS)
BEYCND 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.
V
'
V
TABLE 8
SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH
AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT
AS OF AUGUST 27, 1980
CD'S MATURING IN
ALL
DISTRICTS
I
I
BOSTON
(PERCENTAGE DISTRIBUTION)
I
I
I
I
1
I
I
-L
NEW
1 PHILA—| CLEVE-I RICHYORK JDELPHIA| LAND j MOND
I
I
I
I
ATLANTA CHICAGO
I
ST.
1 MINNS-| KANSAS*
I SAN
LOUIS 1 APOLIS| CITY | DALLAS 1 FRAN| CISCO
1
I
JL
SEPTEMBER
42.8
53.1
36.7
46.2
44.1
43.5
52.5
51.8
56.1
28.1
65.8
48.4
35.2
OCTOBER
13.9
14.8
12.3
31.1
13.2
14.0
9.7
17.4
18.2
4.3
11.2
8.4
13.5
NOVEMBER OR LATER
43.3
32.1
51.0
22.7
42.7
42.5
37.8
30.8
25.8
67.6
23.1
43. 1
51.4
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
39.8
30.2
49.0
20.2
30.8
33.4
32.5
27.4
20.6
54.6
18.4
40.2
49.4
3.5
1.9
2.0
2.6
11.9
9.1
5.3
3.4
5.2
13.0
4.7
2.9
2.0
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