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/ " V ; r / ' / ^ FEDERAL RESERVE statistical release//) r • • :*4L RfcS^- 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 .
