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RESERVE FEDERAL statistical release LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Q.21 Table 1 UNUSED COMMITMENTS August 18, 1977 IN BILLIONS OF DOLLARS To c o m m e r c i a l and industrial f i r m s Month-end Total unused commitments1 Formalized agreements Total Term2 Revolving 3 Other4 Confirmed lines5 To nonbank financial institutions For real estate loans 1976—January February March April May June July August September October November December 156.9 156.2 158.1 157.6 158.1 158.3 156.3 160.0 160.1 161.6 162.7 161.2 120.6 120.1 121.1 120.7 120.7 121.5 119.4 122.4 122.4 123.8 124.4 123.5 6.2 6,1 6.2 6.0 6.0 6.2 6.1 6.3 6.3 6.4 6.5 6.5 34.7 34.5 35.1 35.1 34.6 35.1 34.5 35.4 35.3 35.0 35.6 36.1 5,1 5.0 5.1 5.0 5.2 4.7 4.6 4.8 4.8 4.8 4.9 5.1 74.6 74.6 74.7 74.6 74.9 75.5 74.3 75.9 76.0 77.6 77.4 75.8 31.8 31.6 32.1 32.3 32.6 31.9 32.0 32.6 32.7 32.5 32.5 32.3 4.5 4.5 4.9 4.7 4.9 5.0 5.0 5.0 5.1 5.3 5.8 5.4 1977—January February March April May June 165.9 164.8 166.6 166.7 166.9, 167.4 128.2 127.2 128.5 128.2 128.7 128.7 6.4 6.5 6.7 6.7 6.8 7.1 35.2 35.0 35.1 34.7 5.2 5.3 5.1 5.0 32.6 32.6 5.1 5.0 34.2 5.0 4.7 81.3 80.4 81,6 81.8 82.7 82.2 32,9 33.0 32.5 32.9 5,3 5.6 5.8 5.8 3 Unused commitments are the amounts still available for lending under official promises to teftd that are expressly conveyed to the bank's customers orally or in writing, usually in the form of a form#My executed agreement signed by one of the bank's officers. ^Commitments for term loans are those for loans with an original maturity of more than 1 year. ^Revoking credits are commitment agreements whereby the borrower may draw and repay kwns at wWI with no repayment penalty and under which the commitment rebounds by an equal •mount after a takedown has been repaid. Digitized for 4()ther FRASER commitments are expressions of willingness to lend, other than for term loans and re 34.7 volving 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. ^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 13u weekly reporting banks; these banks account for approximately 85 per cent of commercial and industrial loans, 95 per cent of nonbank financial loans, and 75 per cent of real estate loans of all weekly reporting banks. Individual items may not add to totals due to rounding. Table 2 6.21 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BILLIONS OF DOLLARS Month-end Total loans made under commitments' To commercial and industrial firms Formalized agreements Total -January February March April May June July August September October November December 122.1 121.3 119.4 117.8 117.2 117.8 115.3 115.2 117.3 117.5 117.6 118.7 81.8 -January February March April May June 115.8 115.9 116.6 115.3 115.6 116.1 77.7 78.7 79.3 78.1 77.9 78.7 80.7 79.2 78.3 77.7 78.4 76.8 76.8 78.6 78.9 79.5 80.6 Term2 Revolving3 28.6 23.4 22.9 21.9 21.9 21.8 21.8 21.0 21.2 21.5 21.4 28.5 28.5 21.1 20.9 28.2 28.7 29.2 28.9 20.5 20.6 20.4 19.7 28.9 28.7 28.3 28.1 27.9 27.8 27.8 27.7 28.3 if:! 1 Loans made under commitments are all outstanding loans, less repayments of principal, made under commitments currently or previously in force. %Term loans are loans with an original maturity of more than 1 year. 3Loans 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. *Loen* 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 20.0 19.4 Other4 Confirmed lines 5 To nonbank financial institutions Real estate loans 5.7 5.5 5.7 5.6 5.7 5.9 5.3 5.3 5.7 5.6 5.8 5.6 23.8 23.8 23.3 22.7 22.4 22.9 22.7 22.5 23.1 23.3 24.2 25.6 19.2 19.6 21.1 21.0 17.9 17.8 17.0 16.9 16.8 16.8 16.7 16.3 21.4 21.5 21.7 21.6 21.5 21.5 21.9 21.8 21.3 21.8 5.6 5.6 5.7 5.7 5.5 5,7 23.4 23.9 24.0 23.9 23.6 24.2 16.5 15.6 15.6 15.4 15.5 15.1 18.8 18.1 21.5 21.6 21.7 21.7 22.2 22.2 is to be m*de. &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.-lncluded in this series are 135 weekly reporting banks; these banks account for approximately 85 per cent of all commercial and industrial loans, 95 per cent of all nonbank financial loans, and 75 per cent of all real estate loans of all weekly reporting banks. Individual items may not add to totals due to rounding.