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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 " . : , " . ; '
