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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.