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fc FEDERAL RESERVE stotisticol release LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS TaW 0.21 *1 UNUSED COMMITMENTS M BNJJONS OF DOLLARS February, 1979 To commercial and industrial firms Morth-end Total unused commitments 1 Formalized agreements Total Term 2 Revolving3 Other 4 Confirmed lines 5 To nonbank financial institutions 7.5 7.5 7.6 8.3 8.5 8.6 34.0 34.8 35.1 37.1 37.7 38.9 5.8 6.6 6.9 6.7 7 .9 7.3 81.4 81.7 81.2 80.1 81.9 82.8 32.7 33.3 33.5 34.2 34.3 171.2 128.1 129.7 129.8 131.3 134.9 136.3 173.1 174.2 170.5 173.3 173.3 137.4 137.1 133.4 135.9 136.1 8.6 8.7 8.6 8.8 8.6 39.1 38.3 36.5 37.4 37.6 7.9 7.7 7.9 6.9 6 .5 83.5 83.7 81.4 82.8 83.2 35.7 37.1 37.1 37.4 37.1 June July 174.4 179.4 136.8 141.7 8.8 9 .2 37.7 40.4 5.9 6 .3 84.3 85.9 37.6 37.7 August September October November 184.2 185.1 185.6 190.2 146.5 146.7 147.5 151.5 9.8 9.3 42.9 43.7 43.5 45.4 6.7 6.5 6.5 6.9 87.1 87 .2 88.0 89.3 37.7 38.4 38.1 38.7 December 194.3 154.8 46.3 7.3 90.4 39.6 1977—July August September October November December 160.8 162.9 163.3 165.5 169.3 1978—January February March April May 9.4 9.9 10.8 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. ^Commitments for term loans are those for loans with an original maturity of more than 1 year. 3fievolving 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()ther commitments are expressions of willingness to lend, other than for term loans and re- 34.9 volving 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. ^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.-Included in this series are 136 weekly reporting banks; these banks account for approximately 85 per cent of commercial and industrial loans, and 95 per cent of nonbank financial loans. Individual items may not add to totals due to rounding. 0.21 Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BILLIONS OF DOLLARS To commercial and industrial firms Total loans made under commitments1 Month-end To nonbank financial institutions Formalized agreements Total Term 2 Revolving 3 Other 4 Confirmed lines 5 23.8 23.9 24.5 24.8 24.9 24.2 15.2 15 .2 16.0 16.1 16.3 16.9 24.4 24.9 15.6 15.5 25.7 25.9 26.5 27.0 16.0 15.9 16.6 17.1 17.6 17.6 October November December 97.8 98.4 78.1 78.6 80.0 81.5 81.5 81.6 1978—January February 97.2 98.9 81.6 83.4 29.6 30.9 20.4 20.7 March April May June 101.2 104.5 108.0 109.4 85.2 88.5 91.4 92.3 30.5 32.6 34.1 34.2 July August September 109.6 109.8 92.0 92.2 34.1 35.3 21.4 21.6 22.3 22.6 23.1 22.7 111.9 35.7 36.0 8.4 26.9 113.8 94.2 95.3 23.2 October 23.5 8.8 27.1 17.7 16.4 November December 115.4 117.0 97.1 98.7 36.1 36.9 24.5 25.3 9.1 9.3 27.4 27.3 18.2 18.3 93.4 93.7 96.0 97.6 1977—July August September 29.5 29.7 28.9 29.8 29.5 29.7 19.4 19.4 19.6 20.0 20.6 20.4 5.8 6.0 7.4 7.3 7.8 7.7 7.9 8.4 8.4 8.6 8.2 8.4 26.7 25.8 1 Loans made under commitments are outstanding loans to commercial and industrial firms and nonbank financial institutions, less repayments of principal, made under commitments currently or previously in force. erm kxans are loans with an or#gm#l 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 # # # # # 7.1 7.8 characterized by detailed forma# agreements specifying the terms and conditions under which e torn is to be made. SLoans 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 134 weekly reporting banks; these banks account for approximately 85 per cent of all commercial and industrial loans, and 95 per cent of all nonbank financial loans. Individual items may not add to totals due to foundinq. # # # #