The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release [[ G.21 (423) LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Month-end Total unused commitments 1 total For immediate r e l e a s e February 6, 1984 To commercial and industrial firms formalized agreements other* revolving3 term 2 confirmed linesS To nonbank financial institutions 982—May June July August September October November December 376.0 378.9 379.3 381.5 381.9 381.8 384.4 386.7 316.7 319.0 319.7 321.1 321.6 321.1 323.9 325.4 16.2 15.4 15.7 15.6 14.9 15.3 15.5 15.8 136.4 138.7 140.6 141.2 142.5 143.1 146.0 148.0 13.8 15.2 15.1 14.1 13.8 14.1 14.2 13.7 150.2 149.7 148.3 150.3 150.4 148.6 148.2 147.9 59.4 59.9 59.6 60.3 60.3 60.7 60.5 61.3 983—January February March April May June* July August September October November December 387.8 390.2 391.6 393.2 393.5 392.1 389.7 393.5 402.7 408.Or 410.9r 411.0 326.8 329.3 330.7 332.0 333.3 331.6 329.3 332.5 340.5 345.7r 348.Or 347.3 15.6 15.5 14.8 14.7 15.2 15.2 14.9 15.4 16.0 16.4 15.6 15.5 151.0 152.3 155.6 158.1 159.3 162.3 162.1 162.0 165.7 168.7r 171.lr 172.8 13.2 13.4 13.5 14.2 14.7 10.4 9.8 10.1 10.1 10.5r 10.4r 10.3 147.0 148.1 146.8 145.0 144.1 143.7 142.5 145.0 148.7 150.lr 150.9r 148.7 61.0 60.9 60.9 61.2 60.2 60.5 60.4 61.0 62.2 62.3 62.9 63.7 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 term 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. NOTE: Included In this series are 122 weekly reporting banks accounting, as of year end 1982, for 58 percent of all commercial and industrial loans and 88 percent of all loans to nonbank financial institutions made at U.S. offices of all domestically chartered commercial banks. 4 Bank reclassifications of unused loan commitments produced breaks in series In May and September 1982 and In June 1983. In May 1982, corrections lowered unused commitments to nonbank financial Institutions by $0.3 billion and to commercial and industrial (C&l) firms by $1.0 billion. The correction of commitments to C&l firms Included a $0.6 billion drop In term loan commitments, an increase of $1.7 billion in revolving credit commitments, and declines of $0.1 billion and $2.0 billion in "other" and confirmed-line commitments, respectively. In September, corrections lowered unused commitments to nonbank financial institutions by $0.8 billion and to C&l firms by $3.2 billion. The corrections to commitments to C&l firms Included reductions of $0.4 billion, $1.2 billion, $1.1 billion and $0.5 billion in term loan, revolving credit, confirmed-line and other commitments, respectively. In June 1983, commitments to nonbank financial institutions and to C&l firms were lowered by $0.8 billion and $3.0 billion, respectively. The correction of commitments to C&l firms Included a drop in term loan commitments of $0.3 billion, an increase of $2.5 billion in revolving credit commitments, and a decline of $5.3 billion In other commitments, respectively. Revisions to back data are not available. I n d i v i d u a l i t e m s may n o t add to t o t a l s due to rounding. Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Month-end Total loans made under commitments 1 total To commercial and industrial firms formalized agreements other4 term 2 revolving 3 confirmed lines 5 To nonbank financial institutions 982—-May 1 June July August September October November December 179.3 181.1 180.7 181.9 176.7 178.1 176.4 175.0 157.9 159.8 159.3 160.1 157.2 158.7 156.9 155.8 49.1 48.9 48.1 47.7 46.9 47.6 47.9 48.3 57.2 59.9 59.9 61.2 62.6 63.6 62.6 62.6 14.6 14.3 14.7 14.8 12.0 11.8 11.8 11.4 37.0 36.7 36.6 36.3 35.7 35.7 34.6 33.5 21.4 21.3 21.4 21.9 19.5 19.4 19.5 19.2 983—January February March April May June* July Augus t September October November December 174.7 176.5 176.1 172.3 171.6 169.9 169.0 168.8 167.0 168.lr 168.4r 173.0 155.2 157.2 156.6 154.0 152.9 151.7 151.2 150.8 149.1 149.9r 150.lr 153.8 48.5 48.6 49.0 48.5 48.4 48.6 48.9 49.3 48.3 48.7 49.4 50.1 60.7 63.7 62.8 62.1 61.6 62.8 62.8 62.5 62.1 62.lr 61.4r 62.9 11.3 11.1 11.0 10.8 10.7 8.0 7.8 8.0 8.2 8.5 9.0 8.9 34.7 33.8 33.8 32.6 32.2 32.3 31.7 31.0 30.5 30.6 30.3r 31.9 19.5 19.3 19.5 18.3 18.7 18.2 17.8 18.0 17.9 18.2 18.3 19.2 i r—revised. 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. 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. •NOTE: Included in this series are 122 weekly reporting banks accounting, as of year end 1982, for 58 percent of all commercial and industrial loans and 88 percent of all loans to nonbank financial institutions made at U.S. offices of all domestically chartered commercial banks. •September 1982 and June 1983 data reflect breaks in series owing to bank reclassifications of outstanding loans. In September 1982, loans to nonbank financial institutions and to commercial and industrial firms were lowered by $1.5 billion and $5.4 billion, respectively. The correction of outstanding commercial and Industrial loans reduced term loans by $0.8 billion, revolving credit loans by $0.9 billion, and other loans by $3.7 billion. Confirmed-line loans were raised by $0.1 billion. In June 1983, loans to nonbank financial Institutions and to commercial and industrial firms were lowered by $0.1 billion and $1.6 billion, respectively. The correction of outstanding commercial and Industrial loans lowered term loans by $0.3 billion, raised revolving credit loans by $1.5 billion, and reduced other loans by $2.8 billion. Revisions to back data are not available. I n d i v i d u a l i t e m s may not add t o t o t a l s due to rounding. Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total unused commitments 1 total To commercial and industrial firms formalized agreements other4 revolving3 term 2 confirmed lines 5 To nonbank financial institutions L982—May June July August September October November December 374.0 373.9 380.2 383.5 380.3 380.6 385.5 387.3 314.7 314.8 320.4 323.3 320.5 320.3 324.8 326.6 16.1 15.3 15.8 15.8 14.6 15.2 15.7 16.0 134.3 137.1 141.6 143.7 143.4 144.3 147.1 148.3 13.8 13.9 14.2 13.9 13.5 13.9 14.3 13.8 150.5 148.5 148.8 149.9 148.9 146.9 147.7 148.5 59.3 59.1 59.8 60.2 59.9 60.3 60.7 60.6 1983—January February March April May June* July August September October November December 389.9 392.5 392.5 392.2 390.9 387.3 391.2 396.0 401.5 406.9r 412.lr 411.5 328.7 330.9 331.0 330.3 330.9 327.8 330.6 335.1 339.7 345.Or 348.9r 348.5 15.5 15.4 14.8 14.6 15.1 15.1 15.1 15.6 15.7 16.3 15.8 15.7 151.1 151.8 154.2 156.2 156.9 160.4 163.2 164.9 166.9 170.Or 172.3r 173.1 13.7 14.3 14.3 14.4 14.6 9.6 9.2 10.0 9.9 10.4r 10.5r 10.4 148.4 149.4 147.7 145.1 144.4 142.7 143.1 144.6 147.2 148.3r 150.3r 149.3 61.2 61.6 61.5 61.9 60.0 59.6 60.5 60.9 61.8 61.9 63.2 63.0 NOTE: See Table 1 for footnotes. Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total loans made under commitments 1 total To commercial and industrial firms formalized agreements revolvingS • • other4 term 2 confirmed linesS To nonbank financial institutions 982—May June July August September October November December 178.4 181.0 178.6 179.7 177.8 177.9 177.2 178.6 157.3 159.4 157.2 157.7 158.2 158.9 158.1 159.0 49.1 48.8 48.1 47.5 47.0 47.8 47.7 48.5 56.9 59.4 58.3 59.1 62.1 62.8 63.1 65.0 14.9 14.7 14.9 14.7 11.9 11.6 11.6 11.5 36.4 36.6 36.0 36.4 37.2 36.7 35.6 33.9 21.0 21.6 21.3 22.0 19.6 19.1 19.2 19.7 983—January February March April May June* July August September October November December 175.5 175.5 176.2 172.3 170.8 169.7 166.9 166.6 168.0 167.9r 169.2r 176.7 156.1 156.3 156.4 153.9 152.4 151.3 149.2 148.5 150.0 149.9r 151.3r 157.1 48.6 48.6 48.8 48.5 48.4 48.6 49.0 49.1 48.4 48.8 49.3 50.4 62.6 63.8 63.3 62.2 61.3 62.4 61.1 60.4 61.6 61.3r 61.9r 65.4 11.2 11.0 10.9 10.9 10.9 8.2 7.9 7.9 8.2 8.3 8.9 9.0 33.7 32.9 33.5 32.2 31.8 32.1 31.2 31.1 31.8 31.5 31. l r 32.3 19.4 19.2 19.8 18.4 18.4 18.4 17.7 18.1 18.0 17.9 18.0 19.6 NOTE: See Table 2 for footnotes.