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1TM6 . / F E D E R A L R E S E R V E a - X s t a t i s t i c a l r e l e a s e LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS G 21 Table 1 ^ehruarv UNUSED COMMITMENTS 10 5 1978 IN BILLIONS OF DOLLARS To c o m m e r c i a l a n d i n d u s t r i a l f i r m s Month-end Formalized agreements Total unused commitments ^ To n o n b a n k Confirmed Total Term ^ Revolving 3 Other 4 lines 5 financial institutions For r e a l estate loans 1976—November December 162.7 124.4 6.5 35.6 4.9 5.8 123.5 6.5 36.1 5.1 77.4 75.8 32.5 161.2 32.3 5.4 1977—January February March April May June 165.9 128.2 6.4 35.2 5.2 5. 3 SI.3 80.^ 32.6 32.6 5,1 5 .0 32.9 5.3 5.6 5.8 July August September October November December 164.8 127.2 6.5 35.0 166.6 6.7 166.7 128.5 128.2 35.1 34.7 166.9 128.7 6.8 167.4 128.7 7.1 6.7 5.0 81.8 34.7 5,0 4.7 82.7 82.2 34.2 33.0 ' 3 2 . 5 32.9 5.8 128.1 7.5 34.6 5.3 80.7 32.7 6.2 168.6 128.7 7.4 34.7 5.7 33.3 169.1 128.5 7.6 35.0 5.8 80.8 80.1 33.5 6.6 7.0 170.9 129.3 5.8 80.1 34,2 ^ 136.8 8.8 81.9 83.3 7.4 137.1 8.3 8.5 35.2 179.6 34.3 34,8 8.1 8.0 # ' 167.1 179.6 ! i1 ^ Unused commitments are the amounts stili available for tending 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. 2Commitments for term loans are those for loans with an original maturity of more than 1 year. 3Revolving 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. 4Qther commitments are expressions of willingness to lend, other than for term loans and re- 5.1 39.9 38.4 1 6,8 6.3 L _ volving credits, that are made known to the customer and are characterized by detailed fcxmal agreements specifying the terms and conditions under which a loan is to be made. 5Confirmed 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 136 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 'ems may not add to rotsls due to rounding G.21 Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS 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 a n d i n d u s t r i a l f i r m s Month-end November December 1977—January FebruaryMarch April May June July August September October November December Total loans m a d e under commitments1 117.6 118.7 Formalized agreements Confirmed Total Term 2 Revolving Other* lines 5 To n o n b a n k financial institutions Real estate loans 79.5 28.5 21.1 5.8 24.2 16.7 80.6 21.3 28.5 20.9 5.6 25.6 16.3 21.8 115.8 77.7 28.2 20.5 5.6 23.4 16.5 21.5 115.9 78.7 28.7 20.6 116.6 115.3 23.9 15.6 21.6 79.3 29.2 20.4 5.6 5.7 78.1 28.9 19.7 5.7 5.5 5.7 115.6 77.9 28.8 20.0 116.1 78.7 29.4 19.4 116.6 79.0 29.6 19.4 5.6 117.4 120.1 79.3 29.8 19.4 81.1 29.0 19.6 123.4 83.0 29.6 19.8 5.7 7.1 7.0 125.0 84.1 29.6 20.6 127.5 85.5 30.0 20.2 1 Loans made under commitments are all outstanding loans, less repayments of principal, made under commitments currently or previously in force. 2Term loans are loans w i t h 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. 4Loans 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 3 24.0 15.6 21.7 23.9 23.6 24.2 15.4 21.7 15.5 22.2 15.1 22.2 15.2 24.4 24.5 25.4 15.2 22.4 22.9 16.0 23.0 26.6 16.1 24.3 6.7 27.2 16.3 24.7 7.5 27.8 16.9 25.1 • ^ is to be made. ^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 73 5 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.
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