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FEDERAL RESERVE statistical release liii LIBRARY APR 1 4 1987 G.21 (423) COMMERCIAL AND INDUSTRIAL LOAN COMMITMENT#DERAL RLo. L BAN} OF PHILADELPHIA AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Month-end For Immediate r e l e a s e A p r i l 10, 1987 Total1 term* Formalized agreements revolving3 other4 Confirmed lines5 1985—July August September October November* December** 372.9 374.3 376.1 386.0 382.2 386.3 16.9 16.9 18.8 18.2 17.1 18.2 206.0 207.4 208.7 215.0 216.2 222.4 9.1 8.7 9.2 9.4 8.7 8.1 141.0 141.3 139.4 143.4 140.2 137.7 1986—January February March April May June July August September October November*** December 386.3 383.3 379.7 378.2 375.1 374.8 368.9 368.9 368.7 374.0 378.7 384.9 18.1 17.8 18.0 17.0 16.8 17.2 16.8 17.4 18.8 17.7 18.3 18.9 224.0 222.6 220.6 220.0 218.5 219.0 215.3 214.8 216.5 219.3 223.9 227.2 7.7 7.0 7.2 7.7 7.7 8.0 7.6 7.2 7.1 7.1 8.2 7.9 136.5 135.9 133.9 133.4 132.2 130.5 129.2 129.5 126.3 129.8 128.3 1987—January February 383.8? 383.2 18.9 18.7 228.6 228.0 7.6 7.5 128.7 129.0 1. Unused commitments are the amounts still available for lending under official promises to lend that are expressly conveyed to the bank's customers orally or in writing, usually in the form of a formally executed agreement signed by one of the bank's officers. 2. Commitments for term loans are those for loans with an original maturity of more than one year. 3. Revolving credits are commitment agreements whereby the borrower may draw and repay loans at will with no repayment penalty and under which the commitment rebounds by an equal amount after a takedown has been repaid. 4. Other commitments are expressions of willingness to lend, other than for term loans and revolving credits, that are made known to the customer 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 known to the customer but are not characterized by detailed formal agreements specifying the terms and conditions under which a loan is to be made. 130.8 NOTE: Respondent banks number 111, down from 112 i n December 1986. I n d i v i d u a l items may not add t o t o t a l s due t o rounding. *A break in s e r i e s caused d e c l i n e s of $2.5 b i l l i o n i n t o t a l l o a n s , $0.4 b i l l i o n in term l o a n s , $1.5 b i l l i o n i n revolving c r e d i t , and $0.6 b i l l i o n i n confirmed l i n e s . H i s t o r i c a l data have not been r e v i s e d . **A break i n s e r i e s caused i n c r e a s e s of $6.8 b i l l i o n i n t o t a l l o a n s , $0.9 b i l l i o n in term l o a n s , $6.1 b i l l i o n in revolving c r e d i t , and a decrease of $0.1 b i l l i o n i n o t h e r l o a n s . H i s t o r i c a l d a t a have not been r e v i s e d . * * * A break in s e r i e s caused i n c r e a s e s of $0.8 b i l l i o n i n o t h e r loans and t o t a l l o a n s . H i s t o r i c a l data have not been revised. Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Month-end Total1 term2 Formalized agreements revolving3 other 4 Confirmed lines5 1985—July August September October November* December 170.9 171.4 171.3 169.6 168.8 168.4 50.1 50.7 51.4 50.2 49.9 49.9 75.2 75.7 75.4 75.3 74.7 75.1 9.0 9.2 9.0 9.4 8.7 9.0 36.6 35.7 35.5 34.8 35.5 34.5 1986—January February March April May June July August September October November** December 166.2 170.1 172.4 170.4 170.3 174.4 173.0 173.3 172.9r 174.0^ 175.4r 187.3? 48.6 49.0 49.7 49.9 50.1 49.7 49.7 50.7 49.7? 49.1? 49.5? 53.2? 74.1 77.2 77.1 75.4 75.7 79.4 78.2 78.0 79.1 80.1 78.8 86.6 8.9 9.0 9.2 9.0 8.8 8.4 8.4 8.4 8.6 8.8 9.5 8.8 34.7 35.0 36.4 36.0 35.6 36.8 36.6 36.2 35.5 36.0 37.6 38.7 1987—January February 185.9? 186.5 53.4? 53.6 84.7 85.2 9.1 9.1 38.7 38.6 , 1. Loans made under commitments are outstanding loans to commercial and industrial firms, less repayments of principal, made under commitments currently or previously in force. 2. Term loans are loans with an original maturity of more than 1 year. 3. Loans made under revolving credits are loans under agreements whereby the borrower may draw down and repay loans at will with no repayment penalty and under which the commitment rebounds by an equal amount after a takedown has been repaid. 4. Loans made under other commitments are loans made under expressions of willingness to lend, other than for term loans and revolving credits, that are made known to the customer and are characterized by detailed formal agreements specifying the terms and conditions under which a loan is to be made. 5. Loans made under confirmed lines of credit are loans made under general expressions of willingness to lend, other than for term loans or revolving credits, that are made known to the customer but are not characterized by detailed formal agreements specifying the terms and conditions under which a loan is to be made. NOTE: R e s p o n d e n t b a n k s number 111, down from 112 i n December 1986. I n d i v i d u a l i t e m s may n o t add t o t o t a l s due to rounding. *A b r e a k i n t h e s e r i e s c a u s e d d e c l i n e s of $ 1 . 5 b i l l i o n i n t o t a l l o a n s , 4.6 b i l l i o n i n term l o a n s , $ . 5 b i l l i o n i n r e v o l v i n g c r e d i t , and $ . 2 b i l l i o n in confirmed l i n e s . H i s t o r i c a l data have n o t b e e n r e v i s e d . ** A b r e a k i n s e r i e s c a u s e d i n c r e a s e s of $0.5 b i l l i o n i n o t h e r l o a n s and t o t a l l o a n s . H i s t o r i c a l d a t a have n o t b e e n revised. Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total1 term2 Formalized agreements revolving3 other4 Confirmed lines5 1985—July August September October November* December** 374.5 377.8 375.7 385.8 383.5 387.6 17.1 17.2 18.5 18.1 17.4 18.4 207.4 211.2 210.2 216.7 217.7 222.9 8.5 8.7 9.0 9.3 8.7 8.1 141.5 140.8 138.0 141.7 139.7 138.2 1986—January February March April May June July August September October November*** December 388.1 384.2 378.8 375.9 372.0 370.5 370.6 372.6 368.5 373.9 380.1 386.2 18.0 17.7 18.0 16.9 16.7 17.1 17.0 17.7 18.4 17.6 18.6 19.2 224.4 221.9 218.8 217.6 215.2 216.4 216.8 218.7 218.0 221.0 225.5 227.7 8.0 7.4 7.2 7.9 7.6 7.4 7.2 7.1 7.0 7.1 8.2 8.0 137.7? 137.1 134.7 133.5 132.5 129.6 129.7 129.1 125.1 128.2 127.8 131.3 1987—January February 385.5 384.0 18.8 18.6 229.lr 227.3 7.9 7.9 129.9 130.2 NOTE: See Table 1 for footnotes. *See Table 1 f o r break i n s e r i e s . break a d j u s t m e n t s a r e equal• A f t e r rounding, t h e s e a s o n a l l y and not s e a s o n a l l y a d j u s t e d **A break i n s e r i e s caused i n c r e a s e s of $6.9 b i l l i o n i n t o t a l l o a n s , $0.9 b i l l i o n i n term l o a n s , $6.1 b i l l i o n i n r e v o l v i n g c r e d i t , and a d e c r e a s e of $ 0 . 1 b i l l i o n i n o t h e r l o a n s . H i s t o r i c a l data have not been r e v i s e d . ***A break i n s e r i e s caused i n c r e a s e s of $0,8 b i l l i o n i n o t h e r l o a n s and t o t a l l o a n s . H i s t o r i c a l d a t a have not been revised • Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total1 term 2 Formalized agreements revolving^ other 4 Confirmed lines 5 1985—July August September October November* December 168.5 168.5 172.3 169.6 170.1 172.1 50.3 50.4 51.5 50.3 49.8 50.1 73.1 73.1 74.8 74.3 75.3 78.0 9.0 9.2 8.9 9.2 B.6 9.1 36.0 35.8 37.0 35.8 36.5 34.9 1986—January February March April May June July August September October November** December 167.4 169.4 172.5 170.4 169.6 173.8 170.5 170.4 173.8 r 173.9 r 176.8 r 191.5? 48.6 48.9 49.5 50.0 50.1 49.7 49.8 50.4 49.8? 49.3? 49.4? 53.4? 76.4 77.5 77.8 75.7 75.4 78.9 76.1 75.4 78.5 79.1 79.4 90.0 8.8 8.9 9.2 9.0 9.0 8.6 8.5 8.4 8.6 8.6 9.3 8.9 33.6 34.1 36.0 35.6 35.1 36.6 36.0 36.3 37.0 37.0 38.7 39.2 1987—January February 187.4? 185.7 53.5? 53.5 87.3? 85.6 9.0 9.0 37.6 37.6 NOTE: See Table 2 for footnotes. *See Table 2 f o r break i n s e r i e s . break adjustments a r e e q u a l . A f t e r rounding, the s e a s o n a l l y and not s e a s o n a l l y a d j u s t e d ** A break i n s e r i e s caused i n c r e a s e s of $0.5 b i l l i o n i n o t h e r loans and t o t a l l o a n s . H i s t o r i c a l data have not been revised.
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