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FEDERAL RESERVE statistical release G.21 (423) LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS For immediate release April I , 1992 Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Total unused commitments 1 Month-end total To commercial and industrial firms formalized agreements term 2 revolving3 other* confirmed linesS To nonbank financial institutions .990--Augusc September October November lecember 287.6 298.5 290.7 290.5 291.1 233.7 234.7 237.0 236.0 238.2 15.0 15.0 14.0 14.3 14.4 87.3 86.2 86.0 85.8 83.5 9.6 9.9 10.6 10.3 10.7 121.8 123.7 126.4 125.6 129.6 53.9 53.8 5 3.7 54.5 52.4 .921—January February March April May June July Augusc September October November December"" 298.7 304.4 310.7 315.2 320.9 325.5 343.8 349.2 355.5 363.1 363.4 364.6 245.4 250.6 256.6 261.3 266.7 272.3 288.2 292.8 299.3 304.8 304.6 307.8 14.2 14.6 14.8 15.0 15.2 15.3 16.9 16.6 15.7 15.9 16.0 16.2 88.5 92.2 95.4 97.8 101.9 105.8 116.4 120.7 125.7 127.1 125.4 126.5 10.8 11.3 11.0 11.8 11.5 12.3 12.2 12.3 12.6 12.8 13.0 13.1 131.9 132.5 135.4 136.7 138.1 138.9 142.7 143.2 145.3 149.0 150.2 152.0 53.3 53.9 54.1 53.9 54.2 53.2 55.6 56.4 56.2 58.1 58.8 56.8 .982—January" February* 370.3 376.7 311.3 318.0 16,4 16.6 130.1 132.9 12.8 14.0 152.Ir 154.5 59.0 58.7 ' -revised. 1. Unused c o m m i t m e n t s are the amounts still available for lending under official promises to lend that arc expiessiy conveyed to the bank's customers orally or in w r i t i n g , usually in the f o r m ot a formally executed agreement signed by one of the bank's officers. 2 Commitments for term loans are those for loans w i t h an original m a t u r i t y of more than one year. 3. Revolving credits are c o m m i t m e n t agreements whereby the borrower and are characterized by detailed formal agreements specifying the terms and conditions under which a loan is to be made. 5. Confirmed lines of credit represent general expressions of willingness to lend, other than for term loans or revolving credits, that are made k n o w n to the customer but are not characterized by detailed formal agreements specifying the terms and conditions under which a loan is to be made. N O T E : Included in this series are 1 22 weekly reporting banks accounting may draw and repay loans at w i l l w i t h no repayment penalty and under for approximately 85 percent of all commercial and industrial loans, and 95 which the c o m m i t m e n t rebounds by an equal amount after a takedown has percent of all nonbank financial loans. As of February 1981. several hank; been repaid. accounting for less than Vi percent of unused c o m m i t m e n t s were dropped 4, Other c o m m i t m e n t s are expressions of willingness to lend, other than for term loans and revolving credits, that are made k n o w n to the customer f r o m the reporting panel. Individual items may not add to totals due to rounding. * B e g i n n i n g i n December, 1 9 8 1 , s h i f t s of foreign loans from U.S. banking offices to international banking facilities have reduced the levels of outstanding loans. No information is available on how these shifts affect unused loan commitments . Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Total loans made under commitments1 Month-end I L 990—Angus c September October November December L981—January FebruaryMarch April May July August September October November December" i 19 82—January " . February " total To commercial and industrial firms formalized agreements revolving] other4 term 2 confirmed linesS To nonbank financial institutions 138.5 141.0 142.8 14 6.6 150.8 119.5 121.4 123.4 127.4 130.5 45.0 45.3 45.9 46.7 47.3 32.9 33.6 35.2 36.8 39.3 11.6 11.5 11.4 11.6 12.0 30.0 31.0 30.9 32.3 31.9 19.0 19.6 19.4 19.2 20.3 150.0 148.3 148.8 151.6 154.1 155.2 157.2 162.1 162.6 160.5 163.6 165.6 129.2 128.0 129.7 130.6 133.9 134.4 136.9 140.8 141.6 140.8 143.1 144.4 47.5 48.0 47.7 47.6 48.4 48.8 49.1 49.2 49.7 49.8 49.9 49.9 38.5 37.1 37.8 38.8 40.6 41.2 42.0 44.2 44.5 44.3 46.3 47.5 11.9 12.0 12.1 12.3 12.6 12.9 13.6 13.5 13.2 13.2 13.4 13.7 31.3 30.9 31.1 31.9 32.3 31.5 32.2 33.1 34.2 33.5 33.5 33.3 20.8 20.3 20. L 21.0 20.2 20.8 10.3 21.3 21.0 19.7 20.5 21.2 1 170.1 172.2 149.1 150.8 51.0 51.2 48.6 49.5 13.6 14.4 35.7 r 35.7 21.0 21.4 r—revised. 1. Loans made under commitments are outstanding loans to commercial 5. Loans made under confirmed lines of credit are loans made under and industrial firms and n o r bunk financial institutions, less repayments of general expressions of willingness to lend, other than for term loans or re- principal, made under commitments currently or previously in force. volving credits, that are made k n o w n to the customer but are not charac- 2. Term loans are loans w i t h an original maturity of more than 1 year terized bv detailed formal agreements specifying the term;, and conditions 3. Loans made under revolving credits are loans under agreements where- under which a loan is to be made. by the borrower may draw d o w n and repay loans at will w i t h no repayment N O T E ; included in this series are 122 weekly reporting banks accounting penalty and under which the c o m m i t m e n t rebounds by an equal amount for approximately 85 percent of all commercial and industrial loans, and 95 after a takedown has been repaid percent of all nonbank financial loans. As of February 1981, several banks 4. Loans made under other commitments are loans made under expres- accounting in total for about '/? percent of loans made under commitments sions of willingness to lend, other than for term loans and revolving credits, were dropped from the reporting panel. Individual 'terns may not add to that are made k n o w n to the customer and are characterized by detailed totals due to rounding. f o r r al agreements specifying the terms and conditions under which a loan is to be made. * Beginning in December, 1981, shifts of foreign loans from U.S. banking offices to international banking facilities have reduced the levels of outstanding loans. At banks included in this survey, $1.5 b i l l i o n of commercial and industrial loans were shifted, a l l but a negligible amount during December. It is believed that the bulk of these loans were made under commitments. Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total unused commitments"' total To commercial and industrial firms formalized agreements term 2 revolving3 other4 confirmed linesS To nonbank financial institutions 1980—August September October November December 287.2 286.8 289,5 292.1 294.1 233.6 233.3 236.3 238.1 241.3 14.9 15.0 14.4 14.8 14.7 86.3 85.3 86.4 87.6 86.3 9.7 9.8 10.5 10.4 10.9 122.7 123.2 124.9 125.3 129.3 53.5 53.5 53.2 5 4.1 52.9 1981—January February Ma r c h April May June July Aupust September October November December" 302.9 306.9 312.3 314.3 318.4 321.2 339.8 348.5 353.4 361.7 366.0 368.9 249.4 252.3 257.5 259.9 264.1 268.3 284.9 292.5 297.5 303.9 307.6 312.2 14.4 14.6 14.8 14.8 14.8 15.1 16.3 16.5 15.7 16.3 16.6 16.6 90.4 93.1 95.9 97.2 99.7 103.2 113.7 119.4 124.4 127.7 128.1 130.7 11.4 11.8 11.6 11.6 11.5 11,1 11.5 12.4 12.6 12.7 13.1 13.3 133.1 132.9 135.3 136.2 138.1 138.8 143.4 144.2 144.7 147.2 149.9 151.7 53. A 54.6 54.S 54.5 54.3 52.9 54.9 56.n 55.9 57.9 5S.4 56.7 1932—January" February" 376.0 380.0 316.4 320.4 16.6 16.6 133.0 134.2 13.6 14.5 153.5r 155.0 59.4 59.6 N O T E : See Table 1 for footnotes. Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total loans made under commitments 1 total To commercial and industrial firms formalized agreements term 2 revolving 3 other4 confirmed lines 5 To nonbank financial institutions 1980—August September October November December 137.0 141.8 144.1 148.5 152.8 118.1 122.0 124.2 128.9 132.0 44.9 45.4 46.0 46.5 47.2 32.4 33.7 35.2 37.1 39.7 11.3 11.4 11.5 11.9 12.3 29.5 31.4 31.5 33.3 32.8 19.0 19.8 19.9 19.6 20.8 1981—JanuaryFebruary March April HayJuly August September October November December'"* 149.0 147.0 148.4 150.9 153.2 155.9 156.6 160.3 163.5 161.7 165.4 167.7 128.7 127.1 128.5 130.4 133.3 134.9 136.2 139.0 142.3 141.5 144.5 146.0 47.7 48.0 47.5 47.7 48.4 48.8 49.3 49.0 49.8 49.9 49.7 48.8 38.5 37.0 38.1 38.7 40.6 41.2 41.9 43.5 44.6 44.3 46.6 47.9 12.0 11.8 12.1 12.4 12.7 13.1 13.1 13.1 13.3 13.3 13.7 14.0 30.4 30.4 30.8 31.6 31.7 31.8 32.0 33.3 34.6 34.1 34.6 34.3 20.3 19.9 19.9 20.5 19.9 21.0 20.3 21.3 21.2 20.2 20.9 21.7 1982—January" February* 168.9 170.8 148.4 149.8 51.3 51.2 48.6 49.4 13.7 14.1 34.7r 35.1 20.5 20.9 NOTE: See Table 2 for footnotes.
