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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 term2 Total1 Formalized agreements revolving3 For immediate r e l e a s e February 10, 1986 Confirmed other4 lines5 1984—May June July August September October November* December 364.5 363.3 356.5 359.7 364.0 366.1 365.0 365.7 16.6 16.9 16.6 17.4 17.4 16.4 16.1 15.8 189.2 186.7 181.0 181.7 186.1 188.1 188.9 192.7 9.0 9.7 10.3 9.5 9.7 9.7 9.5 8.8 149.7 150.0 148.6 151.0 150.9 152.0 150.5 148.4 1985—January February March April May June July August September October November** December*** 366.4 366.0 369.4 372.9 374.9 380.2 376.7 377.9 379.8 389.9 385.8 384.8 16.3 15.5 15.8 16.2 16.4 17.5 17.0 17.0 19.0 18.4 17.3 17.7 194.5 197.0 197.9 201.2 203.4 207.4 207.0 208.4 209.6 216.0 217.1 216.7 8.7 8.3 8.9 9.0 9.5 9.8 9.2 8.9 9.3 9.5 8.8 8.5 146.8 145.3 146.8 146.5 145.6 145.4 143.5 143.6 141.9 146.0 142.7 142.0 , r—revised. 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 tqrm 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. ' * Due to mergers, the number of large commercial banks in our survey has dropped from 121 to 119, as of November 1984. Historical data has been revised. Individual items may not add to totals due to rounding. 1 **A break i n s e r i e s caused 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 in revolving c r e d i t and $0.6 b i l l i o n i n confirmed l i n e s . H i s t o r i c a l data has not been r e v i s e d . ***Due to t h e merger of two banks in the sample, the number of i n s t i t u t i o n s has dropped to 118. No r e v i s i o n of data i s n e c e s s a r y . Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Formalized agreements Total 1 Month-end revolving3 term2 other 4 Confirmed lines8 1984—May June July August September October November* December 167.1 170.2 171.0 170.6 167.2 167.0 168.0 167.6 51.2 51.7 50.5 50.7 49.2 49.0 49.3 49.5 70.8 72.9 76.1 75.8 74.5 73.3 73.8 73.0 8.6 9.0 8.6 8.8 8.9 9.4 9.7 9.3 36.5 36.7 35.8 35.2 34.5 35.4 35.2 35.9 1985—January February March April May June July; August September October November** December*** 167.3 171.0 171.4 170.9 172.1 171.7 173.0 173.6 173.4 171.8 171.0 170.5 48.4 49.2 49.7 50.0 50.0 49.9 50.6 51.2 51.8 50.6 50.4 49.9 72.0 74.5 74.5 73.9 75.4 75.0 75.8 76.5 76.1 76.0 75.4 75.3 9.5 9.5 9.2 9.4 9.0 9.2 9.1 9.3 9.1 9.5 8.8 9.4 37.3 37.9 38.1 37.6 37.7 37.7 37.5 36.6 36.4 35.7 36.4 36.0 r—revised. 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. *Oue to mergers, the number of large commercial banks in our survey has dropped from 121 to 119, as of November 1984. Historical data has been revised. Individual items may not add to totals due to rounding. **A break i n s e r i e s caused d e c l i n e s of $1.3 b i l l i o n i n t o t a l l o a n s , $0.6 b i l l i o n i n term l o a n s , $0.5 b i l l i o n in r e v o l v i n g c r e d i t and $0.2 b i l l i o n i n confirmed l i n e s . H i s t o r i c a l data has not been r e v i s e d . ***Due to the merger of two banks i n the sample, the number of i n s t i t u t i o n s has dropped to 118. No r e v i s i o n of data i s n e c e s s a r y . Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total1 term: Formalized agreements revolving3 other4 Confirmed lines5 1984—May June July August September October November* December 361.8 359.1 357.9 362.7 363.3 365.6 366.0 367.0 16.5 16.8 16.8 17.7 17.1 16.3 16.4 16.1 186.4 184.4 182.3 185.0 187.4 189.6 190.2 193.1 9.0 8.9 9.7 9.4 9.5 9.6 9.5 8.9 150.0 148.9 149.2 150.5 149.3 150.2 149.9 149.0 1985—January February March April May June July August September October November** December*** 368.3 367.1 368.8 370.9 372.0 375.8 378.3 381.4 379.3 389.6 387.1 386.1 16.2 15.4 15.9 16.1 16.3 17.4 17.2 17.3 18.6 18.3 17.5 17.9 194.9 196.4 196.3 199.0 200.4 204.9 208.5 212.1 211.1 217.7 218.6 217.1 9.1 8.8 8.9 9.1 9.4 9.0 8.6 8.8 9.1 9.4 8.8 8.6 148.1 146.6 147.7 146.6 145.9 144.4 144.0 143.2 140.5 144.3 142.1 ' 142.6 NOTE: See Table 1 for footnotes. **See Table 1 f o r break i n s e r i e s . break adjustments a r e equal- A f t e r rounding, 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 Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end 1984—May June July August September October November* December 1985—January February March April May June July August September October November** December*** Formalized agreements revolving3 166.4 169.7 168.6 167.8 168.1 167.0 169.3 171.2 51.3 51.6 50.7 50.5 49.3 49.2 49.1 49.8 70.4 72.4 74.1 73.3 73.9 72.3 74.4 75.8 8.7 9.2 8.7 8.8 8.9 9.2 9.6 9.3 36.0 36.5 35.1 35.2 36.0 36.4 36.2 36.3 168.4 170.2 171.5 171.0 171.4 171.1 170.5 170.7 174.4 171.7 172.3 174.3 48.5 49.1 49.5 50.1 50.1 49.8 50.7 50.9 51.9 50.8 50.2 50.1 74.3 74.8 75.1 74.2 75.0 74.4 73.8 73.9 75.5 75.0 76.0 78.2 9.5 9.4 9.1 9.5 9.2 9.4 9.1 9.3 9.0 9.3 8.7 9.4 36.2 36.9 37.7 37.2 37.2 37.5 36.9 36.7 38.0 36.7 37.4 36.5 other* NOTE: See Table 2 for footnotes. **See Table 2 f o r break i n s e r i e s . break adjustments a r e e q u a l . Confirmed lines5 term: Total 1 A f t e r rounding, the 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
