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a?*

FEDERAL

RESERVE

statistical

release

Hill
•-fUi

LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS
k . 21

Table 1

UNUSED COMMITMENTS

For imuediate r e l e a s e
December 10, 1975

IN B I L L I O N S OF D O L L A R S

To c o m m e r c i a l
Total

Month-end

unused
commitments

and

industrial firms
To n o n b a n k

For real

Confirmed

financial

estate

Iines^

institutions

loans

Formalized agreements
Tota 1

1

Term

2

Revolving

3

Other

4

•j*

1975--January
February
March

^

April
May
June $
July
August
September
October

105.1
105.6
106.5

6.2
6.1
6.0

27.9
r 28.8
r 29.4

4.4
4.4
4.2

r 66.6
66.4
66.9

29.6
31.0
30.7

5.7
r 5.5

145.8
148.5
147.7

r 109.4

6.3

6.2

4.5

112.3

6.1

r 30.5
31.0
31.2

4.3

111.9

r 4.4

68.3
70.3
70.6

31.1
31.4
30.3

5.1
5.1

149.8
152.8
r 152.0

114.4
116.8
116.. 5

6.0
6.2

32.3

4.3

71.8

30.5

6.3

32.9
33.4

4.8

117.0

6.8

33.5

5.0

r 140.7

r 142.4
r 142.7
r

r

153.4

1
Unused c o m m i t m e n t s are the a m o u n t s stil! available for lending under o f f i c i a l promises t o
•end t h a t are expressly c o n v e y e d to the bank's ctrstorrx-'s o r a l l y or in w r i t i n g , usually in the f o r m of
a f o r m a l l y e x e c u t e o agreement siynvfj ; v c>r»e of the bank •, o f f i c e r s .

^ C o m m i t m e n t s for t e r m loan:, an.- t h o v for loans w i t h an or iginal m a t u r i t y of m o r e t h a n 1 year.
Revolving credits arv r o i v
* pr,t
% w'
: at 7. i i 4 - w I E > e r v d . r 3 # 8 ^ i ° " ' n '
Jit Y ,r r, . , i f w'" s«'K
arnount after a t a k e d o w r has been r - p a i d .

t

V ^ r o w e r rnav d r a w and repay
f - j- n ' *r,» nt rvtK>urKj«. by an #-<ua!

""Other c o m m i t m e n t s are expressions of willingness t o lend, o t h e r than for t e r m loans d—i re-




4.7

r

73.0
72.0

71.7

volving credits, that are made * - o - a - :c :-<*
agreements specifyir. j the terms and c c ^ c - t r o c s

r

31.0
30.6
31.8

r 6.0

5.3

|

'

4.9
5.0
4.9
4.6

*--c a<e characterized by detailed f o r m a l
a oar
tc- be r - a d e .

^ C o n f i r m e d fines of credit represent general e x p r e s s e s o* • / , ; : r - y e s s *0 e " d , o t h e r than for
t e r m loans or revolving credits, that are made k n o w n to the customer our are n o t characterized by
ueTui"*J fix ma! dgreemer.'s % »-** % r r t" * f» rn>
c o n d i t i o n s unoet w-.c*~ 3 -oan s t o be made.
N O T E . - I n c l u d e d m tn-s ser es are 133 w - e k l y r e o o r t i n c nan»-s *~ese ban*s account for
j p . i r o ^ r ] ' e ! y 85 per c s r " " / c
j"d
«=T- a' 'oe-s. 9 5 ce" : e - : c " - o n c a n k financial
loans, j n j 75 per cent O"
c / ail
k ,y r ^ p c "
:ems -ray - u
a a a t o totais due to r o u n d i n g

Table 2

G.21

OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
IN BILLIONS OF DOLLARS

!

To commercial and Indus trial fir ms
Month-end

Formalized agreements

Total loans
made under

Tota!

commitments^

Term2

Revolving

3

Other*

Confirmed
hnes^

Real

To n o n b a r *
f; n a ^ ; a

estate
loans

i

r 31.4
30.5
29.5

22.4
22.6
22.8

r

6.1

28.2

22.1

5.8
5.8

27.1

27.1

21.9
22.9

r 21.1
r 20.9
r 20.9

5.5

26.0

22.1

r

21.1

5.2
r 5 .4

25.2
r 26.2

21,5

r

21.3

26.0

19.9

21.0
21.2
21.6

93.8
91.5
r 90.3

27.0
26.9
26.6

28.8
27.7
r 28.1

r132.7
r129.3

r
r

27.3
26.9
27.0

27.9
26.7
26.7

85 . 0

27.5
27^3
27.6

26.3
25.3
25.9

84.4

27.7

25.3

5.4

June

r

130.4

89.5
86.6
86,6

July
August:

r

128.4125.6

85.2
83.1

April
May

September

127.5

October

125.8

r

1
Loans m a d e u n d e r c o m m i t m e n t s are all o u t s t a n d i n g loans, less r e p a y m e n t s o f p r i n c i p a l , made
u n d e r c o m m i t m e n t s c u r r e n t l y or p r e v i o u s l y in force.

2 j e r m loans are loans w i t h an o r i g i n a l m a t u r i t y o f m o r e t h a n 1 year.
3l_oans made u n d e r r e v o l v i n g c r e d i t s are loans u n d e r agreements w h e r e b y the b o r r o w e r m a y
draw d o w n and repay loans at w i l l w i t h n o repayment p e n a l t y and u n d e r w h t c h t h e c o m m i t m e n t
r e b o u n d s b y an equal amount a f t e r a t a k e d o w n has been repaid.
4Loans made under o t h e r c o m m i t m e n t s are loans made u n d e r expressions of w i l l i n g n e s s t o
lend, o t h e r j h j ' % for, term loans and revolving credits, that are made k n o w n to the customer and are
c h a W c t e n J r # ^ S W a i I u d f o r m a ' agreements s p e c i f y i n g t h e t e r m s and conditions under w h i c h a loan




6.6
6.5
6,1

137.3
135.3
r133.8

1975--January
February
March

r

21.1
r 21.2
r 20.7

is t o be made.
S l o a n s made unde- - ,n f i r m e d lines o f c r e d i t are loans made u n d e r general expressions o f
willingness to lend, o t h e r t h a n for t e r m loans, 0 r r e v o l v i n g credits, t h a t are made k n o w n t o the cust o m e r b u t are n o t c h a r a c t e r i z e d by d e t a i l e d f o r m a l agreements s p e c i f y i n g the terms and c o n d i t i o n s
under w h i c h a loan is t o be m<ffe.
N U T & . - I n c l u d e d in This srrius a^e 138 we-Alv r e o o r t z - y b a r k s : these banks a c c e n t for app r o x i m a t e l y 8 5 per cent of all com»'-erc-3'
- v r.' a o a r s 95 r e " c e n t cr* a.:: n
'inancal
loans, and 75 per cent o f all reai
;= i
a
, rec^rt:?.; b ; - » s .
- - s may
i o t add to t o t a l s due t o r o u " . : , " . ;

'