Full text of G.21 Commercial and Industrial Loan Commitments at Selected Large Commercial Banks : January 9, 1985

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qfcow.*

FEDERAL RESERVE statistical release
G.21 (423)

COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS
AT SELECTED LARGE COMMERCIAL BANKS
Table 1
UNUSED COMMITMENTS
Billions of dollars, s e a s o n a l l y adjusted
Month-end

For immediate r e l e a s e
January 9, 1985
Total 1

term*

1983—April
May
June*
July
August
September
October
November
December

330.8
332.3
330.8
328.3
331.5
339.4
344.6
346.8
346.7

14.7
15.2
15.2
14.8
15.3
15.9
16.4
15.5
15.5

1984—January**
February
March
April
May
June
July
August
September
October
November***

349.6
349.4
360.3
363.3
364.5
363.5
356.5
359.6
363.9
366.1
365.0

15.4
15.4
15.6
15.5
16.6
17.1
16.6
17.4
17.4
16.4
16.1

r—revised.
1. Unused c o m m i t m e n t s are the a m o u n t s still available for lending under official p r o m i s e s to lend that are e x p r e s s l y c o n v e y e d to the bank's
c u s t o m e r s orally or in writing, usually in the form of a formally e x e c u t e d
agreement s i g n e d by o n e of the bank's officers.
2. C o m m i t m e n t s for term l o a n s are t h o s e for l o a n s with an original
maturity of more than o n e year.
3. Revolving credits are commitment agreements whereby the borrower
may draw and repay l o a n s at will with no repayment penalty and under
which the c o m m i t m e n t rebounds by an equal amount after a takedown
h a s b e e n repaid.
4. Other c o m m i t m e n t s are e x p r e s s i o n s of w i l l i n g n e s s to lend, other
than for term l o a n s 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 s p e c i f y i n g
the terms and c o n d i t i o n s under which a loan is to b e made.
5. Confirmed lines of credit represent general e x p r e s s i o n s of willingn e s s to lend, other than for term l o a n s or revolving credits, that are m a d e
known to the c u s t o m e r but are not characterized by detailed formal agreem e n t s s p e c i f y i n g the terms and c o n d i t i o n s under which a loan is to be
made.




Formalized a g r e e m e n t s
revolving)

157.6
158.9

162.0
161.8
161.6
165.3
168.3
170.7
172.3
176.0
177.4
187.0
190.
189.
186.
181.
181.7
186.1
188.1
188.9

other 4

14.1
14.7
10.4
9.8

10.1
10.1
10.5
10.5
10.3
8.5

8.1
8.9

8.8
9.0
9.7
10.3
9.5
9.7
9.7
9.5

Confirmed
lines 5

144.4
143.5
143.1
141.9
144.4
148.1
149.4
150.2
148.6
149.7
148.5
148.9
148.8
149.7
150.0
148.6
151.0
150.8
152.0
150.5

'Bank reclassifcations of unused loan c o m m i t m e n t s produced a break
in s e r i e s in J u n e 1983. In J u n e 1983, c o m m i t m e n t s to C&l firms were lowered by $3.0 billion. The correction of c o m m i t m e n t s to C&l firms included
a drop in term loan c o m m i t m e n t s of $0.3 billion, an increase of $2.5 billion in revolving credit commitments, and a decline of $5.3 billion in other
c o m m i t m e n t s , respectively. Revisions to back data are not available.
* *A merger b e t w e e n a reporting bank and a nonreporting bank c a u s e d
a break in s e r i e s in January 1984. Unused C&l c o m m i t m e n t s were inc r e a s e d by $0.5 billion. The i n c r e a s e in u n u s e d C&l c o m m i t m e n t s w a s
concentrated in confirmed lines, which increased $0.4 billion. Revisions
to back data are not available.

***Due t o mergers, t h e number of l a r g e
commercial banks i n our survey has dropped
from 121 t o 119, a s of November 1984. H i s t o r i c a l data has been r e v i s e d .
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
t o rounding.

Table 2
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, s e a s o n a l l y adjusted
.3 „

e
x

Month-end

Total 1

term*

Formalized a g r e e m e n t s
revolving*

other 4

Confirmed
lines 5

1983—April
May
June*
July
August
September
October
November
December

152.9
152.0
150.9
150.3
150.0
148.2
148.8
149.4
152.8

48.0
47.9
48.2
48.4
48.9
47.9
48.1
49 2
49.8

61.8
61.4
62.7
62.6
62.3
61.9
61.9
61.2
62.7

10.8
10.7
8.0
7.8
7.9
8.2
8.4
9.0
8.8

32.4
32.1
32.0
31.5
30.8
30.3
30.4
30.1
31.4

1984—January**
February
March
April
May
June
c 1
July
August
September
October
November***

151.0
155.6
160.6
165.0
166.7
169.9
171.0
170.6
166.3
166.2
167.1

48.8
49.5
50.9
50.8
50.8
51.3
50.1
50.3
48.4
48.1
48.4

61.5
63.9
66.0
68.2
70.8
73.0
76.5
76.3
74.4
73.3
73.8

8.1
8.4
8.5
8.7
8.6
9.0
8.6
8.8
8.9
9.4
9.7

32.7
33.9
35.2
37.3
36.5
36.7
35.8
35.2
34.5
35.4
35.2

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.




"June 1983 data reflect breaks in series owing to bank reclassifications
of outstanding loans. In June 1983, loans to commercial and industrial
firms were lowered by $1.6 billion. 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.
* * A merger between a reporting bank and a nonreporting bank caused '
a break in series in January 1984. Outstanding C&l loans made under commitments were increased by $0.2 billion. The increase in outstanding loans
was concentrated in confirmed lines, which increased $0.2 billion. Revisions to back data are not available.
***Due t o m e r g e r s , t h e number of l a r g e
commercial banks In our s u r v e y h a s dropped
from 121 t o 119, a s of November 1984. H i s t o r i c a l d a t a h a s been r e v i s e d .
I n d i v i d u a l i t e m s may n o t add t o t o t a l s due
to rounding.

Table 3
UNUSED COMMITMENTS
Billions of dollars, not s e a s o n a l l y a d j u s t e d
Month-end

Total 1

term*

Formalized a g r e e m e n t s
revolving 3

1983—April
May
June*
July
August
September
October
November
December

329.4
330.0
326.8
329.5
334.1
338.6
343.9
347.6
347.9

14.6
15.1
15.1
15.0
15.5
15.6

15.7
15.7

155.9
156.6
160.1
162.9
164.6
166.5
169.6
171.9
172.6

1984—January**
February
March
April
May
June
July
August
September
October
November***

351.5
350.6
359.9
361.5
361.8
359.2
357.9
362.6
363.2
365.6
366.0

15.3
15.3
15.7
15.4
16.5
16.9
16.8
17.7
17.0
16.3
16.3

176.3
176.9
185.5
188.2
186.4
184.4
182.3
185.0
187.4
189.6
190.3

NOTE: S e e Table 1 for f o o t n o t e s .




16.2

other 4

14.
14.
9.
9.

10.

9.
10.4
10.5
10.4
8.9

8.6

8.9
8.9
9.0
8.9
9.7
9.4
9.5
9.6
9.5

Table 4
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, not s e a s o n a l l y adjusted
Month-end

Total 1

term 2

Formalized a g r e e m e n t s
revolving 3

other 4

Confirmed
lines 5

1983—April
May
June*
July
August
September
October
November
December

153.0
151.5
150.4
148.3
147.6
149.1
148.8
150.5
156.0

48.1
48.0
48.1
48.6
48.7
48.0
48.2
49.0
50.1

62.0
61.1
62.3
60.9
60.2
61.4
61.1
61.7
65.2

10.8
10.9
8.2
7.9
7.8
8.1
8.3
8.9
8.9

32.0
31.6
31.9
31.0
30.9
31.5
31.3
30.9
31.8

1984—January**
February
March
April
May
June
July
August
September
October
November***

151.9
154.9
160.6
165.0
166.0
169.4
168.5
167.8
167.2
166.2
168.4

48.8
49.5
50.6
51.0
50.8
51.2
50.3
50.0
48.5
48.3
48.2

63.4
64.1
66.6
68.5
70.4
72.5
74.4
73.7
73.8
72.3
74.4

8.0
8.3
8.5
8.7
8.7
9.2
8.7
8.8
8.9
9.2
9.6

31.7
33.0
34.8
36.9
36.0
36.5
35.2
35.3
36.0
36.4
36.2

NOTE: S e e Table 2 for f o o t n o t e s .