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L.4.1(731) NOT FOR PUBLICATION September 19, 1983 • >V' & / .*• S z ^ / SURVEY OF MATURITY STRUCTURE OF OUTSTANDING LARGE DENOMINATION CERTIFICATES OF DEPOSITS AT LARGE COMMERCIAL BANKS as of August 31, 1983 A Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System < 0 TABLE 1 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OP NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF AUGUST 31, 1983 (AMOUNTS IN MILLIONS OF DOLLARS) I | CD'S MATURING IN i | i _i 1983 A M O U N T O U T S T A N D I N G 1 TOTAL i 1 I OUTSIDE | NEW YORK CITY | NEW YORK CITY JL 1 i | | I SALES SINCE PREVIOUS PERIOD I TOTAL 1 I I | NEW YORK CITY J I 1 I OUTSIDE | NEW YORK CITY J SEPTEMBER 33,990 7,268 26,722 16,760 2,540 14,220 OCTOBER 18,610 5,557 13,053 9,7 18 2.740 6,977 NOVEMBER 10,108 3,500 6,608 DECEMBER-FEBRUARY (4-6 MONTHS) 13,222 4,726 8,496 3,499 418 3,080 12,493 2/ 3,938 2/ 8,555 2/ 10,949 999 9,950 90,377 22,468 67,910 38,971 9,218 29,753 NOVEMBER-FEBRUARY {3-6 MONTHS) 23,330 8,226 15.104 11,230 3,886 7,344 BEYOND FEBRUARY (OVER 6 MONTHS) 14,447 1,417 13,030 1,263 52 1,211 2,028 531 1,498 2.6 3. 1 1984 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL MEMORANDUM: SEPTEMBER TAX MATURITY AVERAGE MATURITY (IN MONTHS) 3/ 1/ 2/ 3/ 3.3 2.6 3.5 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. 2. 5 I | | 1 TABLE 2 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF AUGUST 31, 1983 (PERCENTAGE pjSTRIBUTION) A M O U N T CD'S MATURING IN TOTAL 1983 SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G ! I I I I | OUTSIDE | NEW YORK CITY # NEW YORK CITY I , TOTAL I 1 | NEW YORK CITY | OUTSIDE | NEW YORK CITY J I SEPTEMBER 37.6 32.4 39.4 43.0 27.6 47.8 OCTOBER 20.6 24.7 19.2 24.9 29.7 23.5 NOVEMBER 11.2 15.6 9.7 14.6 21.0 12.5 3.9 1.9 4.5 32.1 2/ 42.7 2/ 28.8 2/ 12. 1 4.5 14.7 100.0 100.0 100.0 100.0 NOV EMBER-FEBRUARY (3-6 MONTHS) 25.8 36.6 22.2 28.8 BEYOND FEBRUARY (OVER 6 MONTHS) 16.0 6.3 19.2 3.2 2.2 2.4 DECEMBER-FEBRUARY (4-6 MONTHS) 1984 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL 100.0 100.0 42.2 24.7 MEMORANDUM: SEPTEMBER IM-MTUBITI 1/ 2/ .6 2.2 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. 1 4. 1 I | | L TABLE 3 MATURITY DISTRIBUTION OF OUTSTANDING AND SALES OP NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ AS OF AUGUST 31, 1983 (AMOUNTS IN MILLIONS OF DOLLARS) A M O U N T BANK SIZE CD'S MATURING IN TOTAL 1983 J I I J SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G (ASSETS) I $ 1-5 BILLION | 1 L $5 BILLION AND OVER BANK SIZE J. I | | TOTAL $1-5 BILLION L (ASSETS) I | I $5 BILLION AND OVER SEPTEMBER 33,990 18,356 15,634 16,760 10,367 6,393 OCTOBER 18,610 8,820 9,790 9,718 4,893 4,824 NOVEMBER 10,108 4,394 5,714 13,222 4,794 8,427 3,499 1,221 2,278 5,564 2/ 6,929 2/ 10,949 3,472 7,477 90,377 41,056 49,321 38,971 20,825 18,146 NOVEMBER-FEBRUARY (3-6 MONTHS) 23,330 9,188 14,142 11,230 4,973 6,258 BEYOND FEBRUARY (OVER 6 MONTHS) 14,447 4,692 9,755 1,263 591 672 2,028 954 1,075 3.3 2.7 3.8 2.6 2.4 3.0 DECEMBER-FEBRUARY (4-6 MONTHS) 1984 MARCH—AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL 12,493 2/ MEMORANDUM: SEPTEMBER TAX MATURITY AVERAGE MATURITY (IN MONTHS) 3/ 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. 2/ SALES WITH MATURITIES BEYOND SECOND MONTH. 3/ FORMULAS FOR CALCULATION OF AVERAGE MATURITIES ARB 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 31, 1983 (PERCENTAGE DISTRIBUTION) A M O U N T J BANK SIZE CD'S MATURING IN TOTAL 1983 SALES SINCE PREVIOUS PERIOD O U T S T A N D I N G I (ASSETS) I $1-5 BILLION | I $5 BILLION AND OVER TOTAL 1 | J 1 BANK SIZE (ASSETS) I $1-5 BILLION | 1 I $5 BILLION AND OVER SEPTEMBER 37.6 44.7 31.7 43.0 49.8 35.2 OCTOBER 20.6 21.5 19.9 24.9 23.5 26.6 NOVEMBER 11.2 10.7 11.6 14.6 11.7 17. 1 3.9 3.0 4.6 32.1 2/ 26.7 2/ 38. 2 2/ 12. 1 8.5 15.2 100.0 100.0 100.0 100.0 100.0 100.0 25.8 22.4 28.7 28.8 23.9 34.5 16.0 11.4 19.8 3.2 2.2 2.3 2.2 DECEMBER—FEEROART (4-6 MONTHS) 1984 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) BEYOND FEBRUARY (OVER 6 MONTHS) SEPTEMBER TAX MATURITY 1/ 2/ 2.8 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. 3. 7 TABLE 5 MATURITY DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COHfl ERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF AUGUST 31, 1983 CD'S MATURING IN 1983 ALL DISTRICTS (AMOUNTS IN MILLIONS OF DOLLARS) I I i 1 I | BOSTON I J. I I | PHILA-1 CLEVE-# RICHNEW YORK IDELPHIAI LAND | MOND 1 i_ I i__ ATLANTA CHICAGO 1 1 I I I I I I I I 1_ I I L ST. 1 NINNE-I KANSAS| | SAN LOUIS | APOLIS| CITY | DALLAS| FRAN1 I I CISCO | SEPTEMBER 33,990 2,238 8,947 973 1,918 1,303 720 5,717 375 733 1,278 5,320 4,468 OCTOBER 18,610 1,081 6, 169 642 861 519 362 3,110 167 370 392 3,064 1,873 NOVEMBER 10,108 323 4,027 157 613 357 143 1,392 79 348 271 1,356 1,042 DECEMBER-FEBRUARY (4-6 MONTHS) 13,222 423 5,331 161 524 393 113 1,707 159 210 292 1,394 2,515 3,499 101 491 56 200 105 41 415 23 55 66 286 1,662 10,949 211 1,172 96 814 272 150 568 106 541 134 995 5,889 90,377 4,376 26,136 2,085 4,930 2,949 1,529 12,911 909 2,257 2,432 12,414 17,449 NOVEMBER-FEBRUARY (3-6 MONTHS) 23,330 745 9,358 318 1,137 750 256 3, 100 238 558 563 2,749 3,557 BEYOND FEBRUARY (OVER 6 MONTHS) 14,447 312 1,662 152 1,014 377 191 983 129 595 200 1,281 7,551 2,028 111 610 32 69 68 34 403 8 45 99 277 273 AVERAGE MATURITY (IN MONTHS) 2/ 3.3 2.1 2.6 2.0 3.7 2.9 2.6 2.3 3.2 4.4 2. 3 2.6 6. 2 NUMBER OF BANKS 125 9 19 7 10 13 10 15 4 3 5 8 22 1984 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL MEMORANDUM: SEPTEMBER TAX MATURITY 1/ 2/ INCLUDES NEGOTIABLE CERTIFICATES OF DEPOSIT IN DENOMINATIONS OF $100,000 OR MORE ISSUED BY BANKS WITH DOMESTIC ASSETS OF $1 BILLION OB MORE AS OF DECEMBER 31 # 1977. WEIGHTING PROCEDURE IS THE SAME AS THAT USED FOR •TOTAL* OUTSTANDINGS COLUMN IN TABLE 1. TABLE 6 MATURITI DISTRIBUTION OF OUTSTANDING NEGOTIABLE TIME CERTIFICATES OF DEPOSIT AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF AUGUST 31, 1983 (PERCENTAGE DISTRIBUTION) ALL DISTRICTS 1983 I 1 I I .1 I L |,ssi;j J BOSTON| I I I I c L » r i mSr,»«.«»».! CICGOJ » A. .L JL i »"£! ™ " ; -L _L. s j £ « » - _L 51.2 34.2 46.7 38.9 44.2 47.1 44.3 41.2 32.5 42.9 25.6 37.6 52.5 SEPTEMBER 24.7 23.6 30.8 17.5 17.6 23.7 24.1 18.4 16. 1 24.7 10.7 20.6 16.4 OCTOBER 7.4 15.4 7.5 12.4 12. 1 9.3 10.8 8.7 11.1 10.9 6.0 11.2 15.4 .NOVEMBER 9.7 20.4 7.7 10.6 13.3 7.4 13.2 17.5 9.3 11. 2 14. 4 14.6 12.0 DECEMBER-FEBRUART (4-6 MOUTHS) 2.3 1.9 2.7 4. 1 3.6 2.7 3.2 2.5 2.4 2.7 2.3 9.5 3.9 4.8 4.5 4.6 16.5 9.2 9.8 4.4 11.7 24.0 5.5 8.0 33.8 12.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 17.0 35.8 15.3 23. 1 25.4 16.7 24.0 24.7 23.2 22. 2 20.4 NOVEMBER-FEBRUARY (3-6 MONTHS) 25.8 to CD'S MATURING IN I I I 7. 1 6.4 7.3 20.6 12.8 12.5 7.6 14.2 8.2 10.3 43. 3 16.0 26.4 BEYOND FEBRUARY (OVER 6 MONTHS) 2.2 2.5 2.3 1.6 1.4 2.3 2.3 3.1 .9 2.0 4. 1 1984 MARCH-AUGUST (7-12 MONTHS) OVER 12 MONTHS TOTAL SEPTEMBER TAX MATURITY v a s - - s M s a ' a r i s . : ' ,,00 - 0 0 ° " "°"E to MEMORANDUM: I S S 0 E °" "IT" 2. 2 100. 0 1. 6 TABLE 7 AS OF AUGUST 31, 1993 (AMOUNTS IN MILLIONS 0 ? DOLLARS).. ' ALL DISTRICTS CD'S M A T U R I N G IN BOSTON 1 NEW YORK OCTOBER NOVEMBER 0 9 LATER TOTAL I ! ! J 1 1 1 | PHILA-| CLBVB-I RICH- | |DELPHIA| LAND | MONO |ATLANTA CHICAGO I SEPTEMBER ! ST. LOniS ! ! ' 1 | HINRB-I KANSAS! I SAN | APOLIS| CITY | DALLAS| F R A N | | l I CISCO BEYOND FEBRUARY (OVER 6 MONTHS) 2/ v J . ™ 3,342 451 1,036 684 429 2,668 194 318 793 3,091 2,302 739 3,017 508 352 227 245 1,859 1 10 149 219 1,651 641 9,718 419 4,564 208 822 485 143 1,636 98 334 326 1,902 1,557 12,493 2,610 10,923 1,168 2,211 1,397 816 6, 163 402 801 1,338 6,644 4,500 38,971 386 4,499 211 709 391 135 1,526 105 311 284 1,725 948 11,230 33 65 -3 113 94 8 109 —6 23 41 177 610 1,263 2.0 2.9 2.1 2.8 2.8 2.4 2. 1 2.9 2.3 2.5 3. 2 " 0 0 ° - M 2.0 °" "°"E , S S ° B D " 2/ 3/ ::3ir:R%:,;:: s " S 1 1,452 2.6 A V E R A G E MATURITY (IN MONTHS) 3/ I 16,760 MEMORANDUM: NOVEMBER-FEBRUARY (3-6 MONTHS) I 1 d K M ^K s SS»» .to«i..s»»s column » TABLE I. TABLE 8 SALES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT SINCE PREVIOUS MONTH AT LARGE COMMERCIAL BANKS 1/ BY FEDERAL RESERVE DISTRICT AS OF AUGUST 31, 1983 (PERCENTAGE DISTRIBUTION!. CD'S MATURING III ALL DISTHICTS I I I BOSTON I L I I I I I I I I I I I I J 1 I I I I I I I NEW i PHILA—| CLEVE-j RICH- I I I ST. | MINNE-I KANSAS! I SAN TORK |DELPHIA! LAND | MONO |ATLANTA!CHICAGO! LOUIS | APOLIS| CITY | DALLAS| FRAN- | J | | | I I I | I I I 1 1 I I cisco J L SEPTEMEEB 43.0 55.6 30.6 38.7 46.9 49.0 52.5 43.3 48.3 39.7 59.3 46.5 51.2 OCTOBEB 24.9 28.3 27.6 43.5 15.9 16.3 30.0 30.2 27.3 18.6 16.4 24.9 14.2 NOVEMBEB OB LATEB 32.1 16.1 41.8 17.8 37.2 34.7 17.5 26.5 24.4 41.7 24.3 28.6 34.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 28.8 14.8 41.2 18.0 32. 1 28.0 16.5 24.8 26.0 38.8 21.3 26.0 21. 1 3.2 1.3 .6 -.2 5. 1 6.7 1.0 1.8 — 1.6 2.9 2.7 13. 6 TOTAL MEMOBANDUM: NOVEMBEB-FEBBOABY (3-6 MONTHS) BEYOND FEBBUABY (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 TCTALS DOB TO BOUNDING. 3. 1