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& FEDERAL RESERVE statistical release G.21 (423) COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Month-end F o r Immediate r e l e a s e Total1 Formalized agreements revolving3 216.2 222.4 other* 8.7 8.1 Confirmed lines5 140.2 137.7 1985—November* December** 382.2 386.3 term2 17.1 18.2 1986—January February March April May June July August September October November*** December 386.3 383.3 379.7 378.3 37 5 . 1 374.8 368.9 368.9 368.7 373.9 378.4 384.9 18.1 17.8 18.0 17.0 16.8 17.2 16.8 17.4 18.8 17.7 18.3 18.9 224.3 222.9 220.9 220.4 218.8 219.3 215.6 215.0 216.7 219.6 224.1 227.5 7.7 7.0 7.2 7.7 7.7 8.0 7.6 7.2 7.1 7.1 8.2 7.9 136.2 135.6 133.6 133.1 131.9 130.2 128.9 129.3 126.1 129.5 127.8 130.5 1987—January February March April May June 383.8 383.2 382.0 381.2 380.7r 382.3 18.9 18.7 17.8 18.7 19. l r 18.9 228.9 228.0 225.2 224.2 223.7 221.8 7.6 7.5 8.1 7.9 8.3r 11.5 128.5 129.0 130.8 130.3 129.6r 130.1 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: Respondent b a n k s number 110, down from 111 i n May 1987. 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 s e r i e s c a u s e d 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 i n term l o a n s , $ 1 . 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 $0.6 b i l l i o n i n c o n f i r m e d l i n e s . H i s t o r i c a l d a t a 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 $ 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 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 d a t a 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 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 n o t b e e n revised. Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Month-end Total1 term* Formalized agreements revolving* other4 Confirmed lines5 19 85-*—November* December 168.8 168.4 49.9 49.9 74.7 75.1 8.7 9.0 35.5 34.5 1986—January February March April May June July August September October November** December 166.2 170.1 172.4 170.3 170.3 174.4 173.0 173.3 172.9 174.0 175.2 187.3 48.6 49.0 49.7 49.9 50.1 49.7 49.7 50.7 49.7 49.1 49.5 53.2 74.2 77.3 77.2 75.5 75.8 79.5 78.3 78.1 79.2 8.9 9.0 9.2 9.0 34.6 34.9 36.3 35.9 35.5 36.7 36.6 36.2 35.4 36.0 37.4 38.6 1987—January February March April May June 185.7 186.3 184.1 184.3 184.8r 182.7 53.2 53.4 54.0 55.2 55.2? 54.1 , 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. 8.8 8.4 8.4 8.4 80.2 8.6 8.8 86.6 8.8 84.8 85.2 83.0 81.3 9.1 9.1 9.1 8.8 81.3 8.7 8.9 78.8 81.8 9.5 38.7 38.6 38.0 39.0 39.1 38.4 NOTE: Respondent banks number 110, down from 111 i n May 1987. 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 caused 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 , <5.6 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 not 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 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 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 been revised. Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total1 1985—November* December** 383.5 387.6 1986—January February March April May June July August September October November*** December 388.1 384.2 378.8 376.0 372.0 370.5 370.6 372.6 368.5 373.9 379.7 386.2 1987—January February March April May June 385.5 384.0 381.1 378.9 377.4r 377.6 Formalized agreements revolving3 other4 217.7 222.9 8.7 8.1 224.7 19.2 219.1 218.0 215.5 216.7 217.1 218.9 218.2 221.3 225.7 228.0 8.0 7.4 7.2 7.9 7.6 7.4 7.2 7.1 7.0 7.1 8.2 8.0 18.8 18.6 17.9 18.6 18.9 18.7 229.3 227.3 223.4 221.7 220.3 219.1 7.9 7.9 8.1 8.1 8.2r 10.6 term2 17.4 18.4 18.0 17.7 18.0 16.9 16.7 17.1 17.0 17.7 18.4 17.6 18.6 222.2 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 e q u a l . A f t e r r o u n d i n g , 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 b r e a k 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 d a t a 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 n o t been revised. Confirmed lines6 j > - 2 137.5 136.8 134.4 133.3 132.2 ; p . : 128.0 d " : 129.6 130.2 131.6 130.5 129.9r 129.2 Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total1 term2 Formalized agreements revolving^ 1985—November* Dec e n t e r 170.1 172.1 49.8 50.1 75.3 78.0 1986—January February March April May June July August September October November** December 167.4 169.4 172.5 17 0 . 4 169.6 173.8 170.5 170.4 173.8 173.9 176.6 191.5 48.6 48.9 49.5 50.0 50.1 49.7 49.8 50.4 49.8 49.3 49.3 53.4 76.5 77.6 77.9 75.8 75.4 78.9 76.1 75.4 78.5 79.1 79.4 90.0 1987—January February March April May June 187.2 185.5 184.3 184.3 184.0? 182.1 53.2 53.3 53.9 55.3 55.2r 54.1 87.4 85.6 83.7 81.6 81.4 80.7 other* 8.6 36.5 34.9 8.8 33.6 34.0 36.0 35.5 35.0 36.6 36.0 36.2 36.9 37.0 38.5 39.1 9.1 8.9 9.2 9.0 9.0 8.6 8.5 8.4 8.6 8.6 9.3 8.9 9.0 9.0 9.0 8.8 8.9 9.1 NOTE: See Table 2 for footnotes. *See Table 2 f o r b r e a k i n s e r i e s . break adjustments a r e e q u a l . A f t e r r o u n d i n g , 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 $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 been revised. Confirmed lines8 37.5 37.6 37.7 38.6 38.5? 38.2
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