Full text of G.21 Commercial and Industrial Loan Commitments at Selected Large Commercial Banks : January 18, 1983

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FEDERAL RESERVE statistical release
G.21 (423)

LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS

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For immediate release
January 18, 1983

Table 1
UNUSED COMMITMENTS
Billions of dollars, seasonally adjusted
Month-end

Total unused
commitments 1

total

To commercial and industrial firms
formalized agreements
term 2
revolving 3
other4

confirmed
lines 5

To nonbank
financial
institutions

1981—May
June
July
August
September
October
November
December

320.9
325.5
343.8
349.2
355.5
363.1
363.4
364.5

266.7
272.3
288.2
292.8
299.3
304.8
304.6
307.7

15.2
15.3
16.9
16.6
15.7
15.9
16.0
16.1

101.9
105.8
116.4
120.7
125.7
127.1
125.4
126.5

11.5
12.3
12.2
12.3
12.6
12.8
13.0
13.1

138.1
138.9
142.7
143.2
145.3
149.0
150.2
152.0

54.2
53.2
55.6
56.4
56.2
58.3
58.8
56.8

1982—January
February
March
April
May
June
July
August
September
October
November

370.2
376.7
373.5
373.6
376.1
378.2
384.6
384.2
384.3
384.3
384.3

311.2
318.0
314.5
315.4
316.9
318.9
324.1
323.7
324.1
323.5
323.5

16.2
16.6
17.3
17.1
16.5
15.6
16.5
15.9
15.0
15.lr
14.9

130.1
132.9
131.2
132.8
137.3
140.5
144.8
145.3
145.1
143.6r
144.4

12.8
14.0
14.0
14.3
13.7
15.4
14.9
13.8
13.6
14. lr
14.2

152.1
154.5
152.0
151.2
149.4
147.4
147.9
148.7
150.4
150.7
150.0

59.0
58.7
59.0
58.2
59.2
59.3
60.5
60.5
60.2
60.8
60.8

r—revised.
1. Unused commitments are the a m o u n t s 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 t h o s e for loans with an original
maturity of more than one year.
3. Revolving credits are commitment a g r e e m e n t s 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 h a s been repaid.
4. Other commitments are expressions of willingness to lend, other
than for term loans and revolving credits, that are m a d e known to the
customer and are characterized by detailed formal a g r e e m e n t s 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 a g r e e m e n t s specifying the terms and conditions under which a loan
is to be made.




NOTE: Included in this series are 122 weekly reporting banks accounting for approximately 85 percent of all commercial and industrial loans,
and 95 percent of all nonbank financial loans. As of February 1981,
several banks accounting for less than Vz percent of unused commitments were dropped from the reporting panel. Individual items may
not add to totals due to rounding.
Beginning in December, 1981, shifts of foreign loans from U.S. banking offices to international banking facilities have reduced the levels of
outstanding loans. No information is available on how these shifts affect
unused loan commitments.
May and September 1982 data reflect breaks in
series owing to bank reclassifications of unused
loan commitments. In May, these corrections
lowered unused commitments to nonbank financial
institutions by $0.3 billion and to commercial
and industrial firms by $1.0 billion. The
correction of commitments to commercial and
industrial 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, these corrections lowered
unused commitments to nonbank financial institutions by $0.9 billion and to commercial and
industrial firms by $1.8 billion. The corrections to commitments to commercial and industrial firms included reductions of $0.3 billion,
$1.1 billion, and $0.4 billion in term loan,
revolving credit, and other commitments, respectively. Revisions to back data are not available.

Table 2
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, seasonally a d j u s t e d
Month-end

Total loans
made under
commitments 1

total

T o c o m m e r c i a l a n d industrial f i r m s
formalized agreements
other4
term 2
revolving3

confirmed
linesS

To nonbank
financial
institutions

981—May
June
July
Aug ust
September
October
November
December

154.3
155.2
157.2
162.0
162.8
160.5
163.6
165.6

134.1
134.4
136.9
140.7
141.8
140.8
143.1
144.4

47.9
48.2
48.3
48.4
48.5
48.2
48.0
47.7

41.3
41.8
42.8
44.9
45.7
45.9
48.2
49.7

12.6
12.9
13.6
13.5
13.4
13.2
13.4
13.7

32.3
31.5
32.2
33.9
34.2
33.5
33.5
33.3

20.2
20.8
20.3
21.3
21.0
19.7
20.5
21.2

982—January
February
March
April
May
June
July
Aug ust
September
October
November

170.Or
172.Or
174.lr
177.lr
180.Or
180.8r
180.Or
182.7r
178.8r
178.4r
177.0

149.Or
150.6r
152.3r
155.3r
158.7r
159.5r
158.7r
160.7r
159.5r
159.7r
158.1

47.9
48.6
48.9
48.8
49.5
49.0
48.2
48.0
47.3
47.8r
48.3

51.8
52.0
53.5
56;1
57.0
59.5
58.5
60.1
62. Or
62.9r
62.5

13.6r
14.3r
13.8r
14. lr
14.7r
14.3r
15.3r
15.Or
13.7r
12.9r
12.8

35.7
35.7
36.1
36.3
37.5
36.7
36.7
37.6
36.5
36.1
34.5

21.0
21.4
21.8
21.8
21.3
21.3
21.3
22.0
19.3
18.7r
18.9

r—revised.
1. Loans made under commitments are outstanding loans to commercial and industrial firms and nonbank financial institutions, less
repayments of principal, m a d e 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 a g r e e m e n t s
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 m a d e 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 m a d e 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 a g r e e m e n t s specifying the terms and
conditions under which a loan is to be made.




NOTE: Included in this series are 122 weekly reporting banks accounting for approximately 85 percent of all commercial and industrial loans,
and 95 percent of all nonbank financial loans. As of February 1981,
several banks accounting in total for about 1/a percent of loans made
under commitments were dropped from the reporting panel Individual
items may not add to totals due to rounding.
^
Beginning in December, 1981 shifts of foreign loans from U.S. banking
offices to international banking facilities have reduced the levels of
outstanding loans. At banks included in this survey, $1.5 billion of commercial and industrial loans were shifted, all but a negligible amount during December. It is believed that the bulk of t h e s e loans were made under
commitments.
September data reflect a break in series
owing to bank reclassification of outstanding
loans. Loans to nonbank financial institutions
and commercial and industrial firms were lowered
by $1.6 billion and $3.8 billion, respectively.
The correction of outstanding commercial and
industrial loans reduced term loans by $0.6
billion, revolving credit loans by $0.9 billion,
and other loans by $2.2 billion. Revisions t o
back data are not available.

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Table 3
UNUSED COMMITMENTS
Billions of dollars, not seasonally adjusted
Month-end

Total unused
commitments 1

total

To commercial and industrial firms
formalized agreements
term 2
revolving 3
other4

confirmed
linesB

To nonbank
financial
institutions

1981—-May
June
July
August
September
October
November
December

318.4
321.2
339.8
348.5
353.4
361.7
366.0
368.8

264.1
268.3
284.9
292.5
297.5
303.9
307.6
312.1

14.8
15.1
16.3
16.5
15.7
16.3
16.6
16.5

99.7
103.2
113.7
119.4
124.4
127.7
128.1
130.7

11.5
11.1
11.5
12.4
12.6
12.7
13.1
13.3

1982—January
February
March
April
May
June
July
Aug us t
September
October
November

138.1
138.8
143.4
144.2
144.7
147.2
149.9
151.7

54.3
52.9
54.9
56.0
55.9
57.8
58.4
56.7

375.8
380.0
375.5
372.3
372.8
372.6
379.9
383.2
381.8
382.7r
387.1

316.4
320.3
315.7
313.5
313.6r
313.5
320.2
323.1
322.1
322.3r
326.6

16.4
16.6
17.3
16.8
16.1
15.4
15.9
15.8
15.0
15.2r
15.2

133.0
134.2
131.9
132.0
134.3
137.0
141.5
143.7
143.6
144.3r
147.4

13.6
14.6
14.7
14.1
13.7
13.9
14.1
13.9
13.6
13.9r
14.3

153.5
155.0
151.8
150.6
149.4
147.3
148.6
149.7
149.8
148.9
149.7

59.4
59.6
59.8
58.8
59.3
59.0
59.8
60.1
59.8
60.3
60.4

NOTE: See Table 1 for footnotes.




4

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Table 4
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, not seasonally adjusted
Total loans
made under
commitments 1
153.2
155.9
156.6
160.3
163.5
161.7
165.4
167.7

Month-end
1981——May
June
July
August
September
'October
November
December
1982—January
February
March
April
May
June
July
August
September
October
November

168.7r
170.6r
173.9r
176.3r
178.9r
181.5r
179.2r
180.3r
179.6r
179.5r
179.0

total

To commercial and industrial firms
formalized agreements
term 2
revolving 3
other4

confirmed
linesB

To nonbank
financial
institutions

133.3
134.9
136.2
139.0
142.3
141.5
144.5
146.0

47.7
48.2
48.5
48.3
48.6
48.3
47.8
47.6

41.3
41.8
42.7
44.2
45.8
45.9
48.5
50.1

12.7
13.1
13.1
13.1
13.3
13.3
13.7
14.0

31.7
31.8
32.0
33.3
34.6
34.1
34.6
34.3

19.9
21.0
20.3
21.3
21.2
20.2
20.9
21.7

148.2r
149.7r
152.3r
155.lr
157.9r
160.Or
157.9r
158.3r
160.lr
160.5r
159.7

48.1
48.6
48.7
48.9
49.3
49.0
48.4
47.9
47.4
47.9r
48.1

51.7
51.9
53.9
56.0
56.9
59.4
58.3
59.1
62.2r
62.8r
62.9

13.7r
14.Or
13.8r
14.3r
14.8r
14.5r
14.7r
14.6r
13.5r
13. Or
13.1

34.7
35.1
35.9
35.9
36.9
37.0
36.5
36.9
37.0
36.7r
35.6

20.5
20.9
21.6
21.3
21.0
21.6
21.3
22.0
19.5
19.lr
19.3

NOTE: See Table 2 for footnotes.

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