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FEDERAL

RESERVE

statistical

release//) r

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LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS
Table 1

G.21

UNUSED COMMITMENTS

J u l y , 1978

IN B I L L I O N S O F D O L L A R S
To c o m m e r c i a l a n d i n d u s t r i a l f i r m s
Month-end

1977—June

To n o n b a n k
financial
institutions

Formalized agreements

Total
unused
commitments1

Total
Term

2

Revolving

3

Other

4

Confirmed
lines5

For r e a l
estate
loans

162.0

124.0

6.9

34.1

5.4

78.3

32.3

5.7

July
August
September

163.7
166.0
167.0

125.3
126.8
127.0

7.3
7.2
7.4

33.3
34.1
34.4

5.8
6.6
6.9

79.5
79.8
79.3

32.2
32.6
33.0

6.2
6.5
7.0

October
November
December

169.5
173.9
175.7

128.6
132.0
133.3

8.2
8.4
8.4

36.4
37.0
38.1

6.7
7.9
7.3

78.2
79.9
80.7

33.6
33.8
34.4

7.3
8.0
7.9

1978—January
February
March 6/
April
May

177.9
178.9
166.9
169.9
170.4

134.6
134.2
130.5
133.1
133.3

8.5
8.6
8.4
8.6
8.3

38.4
37.6
35.8
36.8
36.8

7.9
7.7
7.9
6.9
6.5

81.6
81.7
79.3
80.8
81.3

35.1
36.5
36.4
36.8
37.1

8.2
8.3
n.a.
n.a.
n.a.

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,
2Commitments for term mans ere 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-




!

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 134 weekly reporting banks; these banks account for
approximately 8 5 per cent of commercial and industrial loans, 9 5 per cent of nonbank financial
loans, and 75 per cent of real estate-loans of all weekly reporting banks. Individual items may not
add t o totals due to rounding.

b e g i n n i n g i n March 1978, the s u r v e y no l o n g e r i n c l u d e s r e a l e s t a t e l o a n s . The f i g u r e s r e f l e c t s u o s t r . i i v . a j
d a t a r e v i s i o n s and, f o r March, A p r i l and May, t h e
f a i l u r e of one bank t o r e p o r t ,

l

',/) )

G 21

Table 2

OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
IN B I L L I O N S OF D O L L A R S
To c o m m e r c i a l a n d i n d u s t r i a l f i r m s
Month-end

1977—June

Total loans
made under
commitments1

Formalized agreements
Total
Term

2

Revolving

3

Other

4

Confirmed
lines5

To n o n b a n k
financial
institutions

Real
estate
loans

114.3

77.1

29.3

19.1

5.9

23.3

15.1

22.1

July
August
September

114.8
115.7
118.1

77.4
77.8
79.3

29.5
29.7
28.9

19.1
19.1
19.3

5.8
6.0
7.4

23.4
23.5
24.1

15.1
15.1
15.9

22.3
22.8
23.0

Oc tober
November
December

121.0
121.6
122.7

80.8
80.8
80.8

29.8
29.4
29.7

19.8
20.3
20.2

7.3
7.1
7.8

24.4
24.5
23.8

16.0
16.2
16.8

24.3
24.6
25.1

197 8—January
February
March _6/
April
Hay

121.5
123.2
100.3
103.6
106.3

80.8
82.7
84.4
87.8
89.7

29.6
30.8
30.5
32.6
33.4

20.1
20.5
21.1
21.3
21.9

7.8
7.7
7.9
8.4
8.4

23.9
24.5
25.3
25.5
25.9

15.5
15.4
15.9
15.8
16.6

25.2
25.2

1 Loans made under commitments are all outstanding loans, less repayments of principal, made
under commitments currently or previously in force.
2"Term loan: are loans with an origin*! 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
characterized by detailed formal agreements specifying the terms and conditions under which a loan




n!a!
n.a.

is to be made.
5Loans 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 cus
tomer 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 loan*, 95 per cent of all nonbank financial
loans, end 75 p*r cent of all real estate loans of all weekly reporting banks. Individual items may
not add to t o w n due 10 rounding. Beginning In tiarcn 1978. the. survey

no l o n g e r i n c l u d e s r e a l e s t a t e l o a n s . The f i g u r e s r e f l e c t
s u b s t a n t i a l d a t a r e v i s i o n s a n d , t o r March, April and May,
the : a l l u r e of one t o r e p o r t .


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102