Full text of G.21 Commercial and Industrial Loan Commitments at Selected Large Commercial Banks : April 6, 1984

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FEDERAL RESERVE statistical release
*•

G.21 (423)

^

For immediate r e l e a s e
A p r i l 6 , 1984

Changes i n t h e A p r i l 1984 G.21 S t a t i s t i c a l Release
This G.21 i n c l u d e s two changes t h a t should be noted by u s e r s .
These a r e :

( 1 ) d a t a on loan commitments to nonbank f i n a n c i a l i n s t i t u t i o n s

have been dropped from t h e Release s i n c e t h e s e d a t a a r e no longer c o l l e c t e d ,
and (2) due t o a merger between two r e p o r t i n g banks t h e panel of r e p o r t e r s
now i n c l u d e s 121 weekly r e p o r t i n g banks r a t h e r than 122.




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FEDERAL RESERVE statistical release

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f*AL

.••

G.21 (423)

COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS
AT SELECTED LARGE COMMERCIAL BANKS
Table 1
UNUSED COMMITMENTS
Billions of dollars, seasonally adjusted
Month-end

For immediate release
April 6, 1984
Total 1

1982—July
August
September
October
November
December

319.7
321.1
321.6
321.1
323.9
325.4

1983—January
February
March
April
May
June*
July
August
September
October
November
December

326.8
329.3
330.7
332.0
333.3
331.6
329.3
332.5
340.5
345.7
348.0
347.3

1984—January**
February

350.2r
349.6

~

term*

Formalized agreements
revolving 3

other 4

Confirmed
lines 5

15.7
15.6
14.9
15.3
15.5
15.8

140.6
141.2
142.5
143.1
146.0
148.0

15.1
14.1
13.8
14.1
14.2
13.7

148.3
150.3
150.4
148.6
148.2
147.9

15*6
15.5
14.8
14.7
15.2
15.2
14.9
15.4
16.0
16.5r
15.6
15.6

151.0
152.3
155.6
158.1
159.3
162.3
162.1
162.0
165.7
168.7
171.1
172.7

13.2
13.4
13.5
14.2
14.7
10.4
9.8
10.1
10.1
10.5
10.5r
10.4r

147.0
148.1
146.8
145.0
144.1
143.7
142.5
145.0
148.7
150.Or
150.8r
148.7

15.6r
15.4

176.4r
177.5

8.5
8.1

149.8r
148.6

r—revised.
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.
NOTE: Included in this series are 121 weekly reporting banks accounting, a s of year end 1982, for 58 percent of all commercial and Industrial
loans made at U.S. offices of all domestically chartered commercial banks.



*Bank reclassifcations of unused loan commitments produced breaks
in series in September 1982 and June 1983. In September, corrections
lowered unused commitments to C&l firms by $3.2 billion. The corrections
to commitments to C&l firms included reductions of $0.4 billion, $1.2 billion, $1.1 billion and $0.5 billion in term loan, revolving credit, confirmedline and other commitments, respectively. In June 1983, commitments to
C&l firms were lowered by $3.0 billion. The correction of commitments
to C&l firms included a drop in term loan commitments of $0.3 billion,
an increase of $2.5 billion in revolving credit commitments, and a decline
of $5.3 billion in other commitments, respectively. Revisions to back data
are not available.
* *A merger between a reporting bank and a nonreporting bank caused
a break in series in January 1984. Unused C&l commitments were
increased by $0.5 billion. The increase In unused C&l commitments was
concentrated in confirmed lines, which increased $0.4 billion. Revisions
to back data are not available.
Individual items may not add to totals due to rounding.

Table 2
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, seasonally adjusted
Month-end

Total 1

term*

Formalized agreements
revolving 3

other 4

Confirmed
lines*

1982—July
August
September
October
November
December

159.3
160.1
157.2
158.7
156.9
155.8

48.1
47.7
46.9
47.6
47.9
48.3

59.9
61.2
62.6
63.6
62.6
62.6

14.7
14.8
12.0
11.8
11.8
11.4

36.6
36.3
35.7
35.7
34.6
33.5

1983—January
February
March
April
May
June*
July
August
September
October
November
December

155.2
157.2
156.6
154.0
152.9
151.7
151.2
150.8
149.1
149.9
150.2r
153.6r

48.5
48.6
49.0
48.5
48.4
48.6
48.9
49.3
48.3
48.7
49.5r
50.1

60.7
63.7
62.8
62.1
61.6
62.8
62.8
62.5
62.1
62.1
61.4
62.9

11.3
11.1
11.0
10.8
10.7
8.0
7.8
8.0
8.2
8.5
9. lr
8.9

34.7
33.8
33.8
32.6
32.2
32.3
31.7
31.0
30.5
30.7r
30.3
31.7r

1984—January**
February

151.8
156.9

49. lr
50.0

61.7r
64.4

8.1
8.4

32.9
34.1

r—revised.
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 h a s 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: Included in this series are 121 weekly reporting banks accounting, a s of year end 1982, for 58 percent of all commercial and industrial
loans made at U.S. offices of all domestically chartered commercial banks.




* September 1982 and June 1983 data reflect breaks in series owing to
bank reclassifications of outstanding loans. In September 1982, loans to
commercial and industrial firms were lowered by $5.4 billion. The correction of outstanding commercial and industrial loans reduced term loans
by $0.8 billion, revolving credit loans by $0.9 billion, and other loans by
$3.7 billion. Confirmed-line loans were raised by $0.1 billion. In June 1983,
loans to commercial and industrial firms were lowered by $1.6 billion. The
correction of outstanding commercial and industrial loans lowered term
loans by $0.3 billion, raised revolving credit loans by $1.5 billion, and
reduced other loans by 2.8 billion. Revisions to back data are not available.
**A merger between a reporting bank and a nonreporting bank caused
a break in series in January 1984. Outstanding C&l loans made under commitments were increased by $0.2 billion. The increase in outstanding loans
was concentrated in confirmed lines, which increased $0.2 billion. Revisions to back data are not available.
Individual items may not add to totals due to rounding.

Table 3
UNUSED COMMITMENTS
Billions of dollars, not seasonally adjusted
Month-end

Total 1

term*

Formalized agreements
revolving 3

other 4

Confirmed
lines 8

1982—July
August
September
October
November
December

320.4
323.3
320.5
320.3
324.8
326.6

15.8
15.8
14.6
15.2
15.7
16.0

141.6
143.7
143.4
144.3
147.1
148.3

14.2
13.9
13.5
13.9
14.3
13.8

148.8
149.9
148.9
146.9
147.7
148.5

1983—January
February
March
April
May
June*
July
August
September
October
November
December

328.7
330.9
331.0
330.3
330.9
327.8
330.6
335.1
339.7
345.0
348.8r
348.5

15.5
15.4
14.8
14.6
15.1
15.1
15.1
15.6
15.7
16.4r
15.8
15.8

151.1
151.8
154.2
156.2
156.9
160.4
163.2
164.9
166.9
170.0
172.3
173.0

13.7
14.3
14.3
14.4
14.6
9.6
9.2
10.0
9.9
10.4
10.5
10.4

148.4
149.4
147.7
145.1
144.4
142.7
143.1
144.6
147.2
148.2r
150.3
149.3

1984—January**
February

352.2r
350.8

15.4r
15.3

176.7r
177.0

NOTE: See Table 1 for footnotes.




8.9r
8.6

151.2
149.9

Table 4
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, not seasonally adjusted
Month-end

Total 1

term*

Formalized agreements
revolving*

other 4

Confirmed
lines 5

1982—July
August
September
October
November
December

157.2
157.7
158.2
158.9
158.1
159.0

48.1
47.5
47.0
47.8
47.7
48.5

58.3
59.1
62.1
62.8
63.1
65.0

14.9
14.7
11.9
11.6
11.6
11.5

36.0
36.4
37.2
36.7
35.6
33.9

1983—January
February
March
April
May
June*
July
August
September
October
November
December

156.1
156.3
156.4
153.9
152.4
151.3
149.2
148.5
150.0
150.Or
151.3
156.8

48.6
48.6
48.8
48.5
48.4
48.6
49.0
49.1
48.4
48.8
49.3
50.4

62.6
63.8
63.3
62.2
61.3
62.4
61.1
60.4
61.6
61.3
61.9
65.4

11.2
11.0
10.9
10.9
10.9
8.2
7.9
7.9
8.2
8.3
8.9
9.0

33.7
32.9
33.5
32.2
31.8
32.1
31.2
31.1
31.8
31.5
31.2r
32. lr

19 84—January**
February

152.7
156.2

49. lr
49.9

63.6r
64.7

8.1
8.3

NOTE: See Table 2 for footnotes.




31.9
33.3