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FEDERAL RESERVE statistical release For immediate r e l e a s e J a n u a r y , 1981 G.21 ( 4 2 3 ) LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Month-end Total u n u s e d commitments 1 total T o c o m m e r c i a l and industrial f i r m s formalized agreements other* revolving 3 term 2 1979—June July August September October November December 212.5 213.5 216.2 220.8 224.8 230.7 234.9 170.0 171.0 174.3 177.7 181.3 186.1 189.7 11.8 11.9 12.1 12.5 12.5 12.7 12.9 50.4 51.2 52.8 53.4 56.0 58.9 59.2 1980—January February March April May June July August September October November 237.2 247.1 261.1 275.2 282.1 283.4 287.7 287.6 288.5 290.8 290.2 191.4 201.8 213.3 224.6 229.5 231.1 233.1 233.7 234.7 237.1 235.8 11.6 12.2 14.9 15.1 13.6 15.3 15.4 15.0 1 5 . Or 14.0 14.4 60.1 65.4 72.0 79.6 85.2 85.0 86.2 87.3 86.2r 86.0 85.5 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 confirmed linesS T o nonbank financial institutions 7.6 8.1 8.4 8.6 8.7 8.8 8.4 100.2 99.8 101.0 102.6 104.1 105.7 109.2 42.5 42.5 - 41.9 43.1 43.5 44.6 45.2 9.0 9.4 9.6 10.1 9.7 9.7 9.5 9.6 9.8 10.6 10.3 110.7 114.8 116.8 119.8 121.0 121.1 122.0 121.8 123.7 126.5 125.6 45.8 45.3 47.8 50.6 52.6 52.3 54.6 53.9 53.8 53.7 54.4 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 134 weekly reporting banks; these banks account for approximately 85 percent of commercial and industrial loans, and 95 percent of nonbank financial loans. Individual items may not add to totals due to rounding. Table 2 OUTSTANDING L O A N S MADE UNDER COMMITMENTS AT SELECTED LARGE B A N K S Billions of dollars, s e a s o n a l l y adjusted Month-end 1979 June July August September October November December 1980—January February March April May June July August September October November Total loans m a d e under commitments 1 total T o c o m m e r c i a l and industrial f i r m s formalized agreements other4 revolving 3 term 2 T o nonbank financial institutions 125.6 127.3 130.9 132.0 133.0 132.3 137.1 107.2 109.1 111.9 114.0 114.6 113.9 118.2 39.7 40.2 40.8 41.3 41.8 42.6 43.4 28.1 28.4 29.2 30.0 30.5 30.8 33.6 9.6 10.2 10.7 10.7 10.4 10.4 10.9 29.8 30.1 31.2 32.1 32.0 30.2 30.4 18.4 18.1 19.0 18.1 18.4 18.5 19.1 138.5 140.9 144.2r 141.3 136.5 135.5 136.1 138.6 141.2 142.9 146.7 118.6 120.0 122.5 120.3 117.1 116.3 116.7r 129.6 121.5r 123.5 127.5 42.9 43.2 43.7 44.0 43.7 43.9 43.8 45.1 45.4 46.0 46.8 34.0 34.5 35.7 34.7 32.9 32.1 32.1 32.9 33.6 35.2 36.8 12.2 12.6 12.5 12.2 12.2 11.4r 11.9r 11.6r 11.5r 11.4 11.6 29.5 29.7 30.6 29.4 28.3 28.9r 28.9r 3 0 . Or 31.Or 30.9 32.3 19.9 20.9 21.7r 21.0 19.4 19.2 19.3 19.0 19.6 19.4 19.2 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 confirmed linesS 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 134 weekly reporting banks; these banks account for approximately 85 percent of all commercial and industrial loans, and 95 percent of all nonbank financial loans. Individual items may not add to totals 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 revolving 3 term 2 To nonbank financial institutions confirmed linesS 1979—June July August September October November December 125.8 126.1 129.1 132.6 134.3 134.0 139.2 107.3 108.0 110.2 114.4 115.5 115.2 119.6 39.5 40.2 40.6 41.3 41.9 42.4 43.3 28.1 28.2 28.7 30.0 30.5 31.0 33.9 9.8 9.7 10.4 10.6 10.5 10.7 11.2 1980—January February March April May June July August September October November 137.5 139.5 143.9 140.6 135.8 135.9r 135.5 137.1 141.9 144.1 148.6 118.0 129.1 122.3r 120.1 116.6 116.5 116.2 118.2 122.1 124.3 129.0 43.1 43.2 43.5 44.1 43.8 43.7 44.0 45.0 45.5 46.1 46.6 34.0 34.4 36.0 34.6 32.9 32.1 32.0 32.4 33.7 35.2 37.1 12.3 12.3 12.5 12.3 12.2 11.6r 11.4r 11.3r 11.4r 11.5 11.9 28.6 29.2 30.4 29.1 27.8 29.Ir 28.7r 29.5r 31.4r 31.5 33.3 , 18.6 18.1 : i9.o » 18.2 f, 18.8 , 18.9 , 19.5 29.9 29.8 30.6 32.5 32.6 31.1 31.3 NOTE: See Table 1 for footnotes. V , 19.5 20.4 21.5r 20.5 19.1 19.4 19.3 19.0 19.8 19.9 19.6 ,# Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total bans made under commitments 1 1979—June July Augus t September October November December 1980—January February March April May June July August September October November total To commercial and industrial firms formalized agreements term 2 revolving3 other* confirmed Iines5 To nonbank financial institutions 209.7 211.0 215.7 218.7 223.7 232.0 237.0 167.5 169.1 174.2 175.9 180.6 187.7 191.8 11.6 11.4 12.0 12.5 12.8 13.2 13.2 49.1 50.0 52.2 52.9 56.3 60.1 61.2 6.9 7.7 8.4 8.6 8.6 8.9 8.5 99.9 100.1 101.5 102.0 102.9 105.5 109.0 42.1 41.9 41.5 42.8 43.1 44.3 45.2 241.3 249.1 262.2 274.4 280.0 279.8 284.6 287.2r 286.8 289.5 292.0 195.2 203.2 214.1 223.2 227.3 227.8 230.6 233.6 233.3 236.4 237.9 11.8 12.2 14.9 14.9 13.3 15.1 14.8 14.9 15. Or 14.4 14.9 62.2 66.1 72.4 79.1 83.3 82.9 84.2 86.3 85.3r 86.4 87.3 9.5 9.8 10.1 9.9 9.7 8.8 9.0 9.7 9.8 10.5 10.4 111.7 115.1 116.7 119.3 121.0 121.0 122.6 122.7 123.2 125.0 125.3 46.1 46.0 48.2 51.2 52.7 52.0 54.0 53.5 53.5 53.2 54.0 NOTE: See Table 2 for footnotes. #
