Full text of G.21 Commercial and Industrial Loan Commitments at Selected Large Commercial Banks : July 11, 1983

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FEDERAL RESERVE statistical release
r: 91 Moot
( 23
'

iaHli
For immediate release
July 11, 1983

LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS
UNUSED COMMITMENTS
Billions of dollars, seasonally adjusted
Month-end

Total unused
commitments 1

total

To commercial and industrial firms
formalized agreements
term 2
revolving3
other*

confirmed
linesS

To nonbank
financial
institutions

1981—November
December

363.6
364.8

304.8
307.9

16.0
16.1

125.4
126.5

13.0
13.1

150.4
152.2

58.8
56.9

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

370.3
377.0
373.7
373.8
377.3
379.5
384.9
384.5
382.7
382.3
382.6
382.4

311.3
318.2
314.7
315.6
318.1
320.1
324.4
323.9
322.4
321.5
321.5
321.7

16.1
16.5
17,3
17.1
16.5
15.5
16.4
15.9
14.6
15.1
15.2
15.7

130.1
132.9
131.2
132.8
137.3
140.6
144.9
145.3
144.8
143.6
144.1
143.6

12.9
14.1
14.0
14.3
13.8
15.4
15.0
13.8
13.5
14.1
14.2
13.6

152.2
154.7
152.2
151.4
150.5
148.6
148.1
148.9
149.5
148.7
148.0
148.8

59.0
58.8
59.0
58.2
59.2
59.4
60.5
60.6
60.3
60.8
61.1
60.7

1983—January
February
March
April
May

383.9
387.9
388.8
392.6
394.6

323.1
327.1
328.1
331.4r
334.6

15.3
15.4
14.8
14.9
15.5

147.8
150.3
153.4
157.1
160.3

12.9
13.8
13.6
14.7
15.4

147.1
147.6
146.3
144.7r
143.4

60.8
60.8
60.7
61.2r
60.0

r—revised.
NOTE: Included in this series are 122 weekly reporting banks accoun1. Unused commitments are the amounts still available for lending
under official promises to lend that are expressly conveyed to the bank s ting for approximately 85 percent of all commercial and Industrial loans,
and 95 percent of all nonbank financial loans. As of February 1981,
customers orally or In writing, usually In the form of a formally executed
several banks accounting for less than 1/a percent of unused comagreement signed by one of the bank's officers.
mitments were dropped from the reporting panel. Individual items may
2. Commitments for term loans are those for loans with an original
not add to totals due to rounding.
'
maturity of more than one year.
Beginning In December, 1981, shifts of foreign loans from U.S. bank3. Revolving credits are commitment agreements whereby the borrower may draw and repay loans at will with no repayment penalty and < Ing offices to international banking facilities have reduced the levels of
under which the commitment rebounds by an equal amount after a k outstanding (bans. No information is available on how these shifts affect
; unused loan commitments.
takedown has been repaid.
4. Other commitments are expressions of willingness to lend, other i
than for term loans and revolving credits, that are made known to the •
May and September 1982 data reflect breaks in
series owing to bank reclassifications of unused
customer and are characterized by detailed formal agreements specifyloan commitments. In May, these corrections
ing the terms and conditions under which a loan is to be made.
5. Confirmed lines of credit represent general expressions of willlowered unused commitments to nonbank financial
ingness to lend, other than for term loans or revolving credits, that are
institutions by $0.3 billion and to commercial
made known to the customer but are not characterized by detailed forand industrial firms by $1.0 billion. The
mal agreements specifying the terms and conditions under which a loan
correction of commitments to commercial and
Is to be made.
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 $0.8 billion and to commercial and
industrial firms by $3.2 billion. The corrections to commitments to commercial and industrial firms included reductions of $0.4 billion,
$1.2 billion, $1.1 billion and $0.5 billion in
term loan, revolving credit, confirmed line
and other commitments, respectively. Revisions
to back data are not available.

Table 2
OUTSTANDING LOANS MADE UNDER COMMITMENTS A T SELECTED LARGE BANKS
Billions of dollars, seasonally adjusted
Month-I^d

Total loans
made under
commitments1

total

T o commercial and industrial firms
formalized agreements
term 2
revolving 3
other*

confirmed
linesS .

T o nonbank
financial
institutions

1981—November
December

163.7
165.6

143.2
144.4

48.0
47.7

48.2
49.7

13.4
13.7

33.6
33.3

20.5
21.2

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

169.2
171.3
173.5
176.6
179.4
180.4
179.4
181.9
176.9
176.9
175.2
176.4

148.2
149.9
151.7
154.8
158.1
159.1
158.1
159.9
157.5
158.2
156.4
157.1

47.4
48.3
48.6
48.7
49.3
48.8
47.9
47.6
46.9
47.7
47.9
48.6

51.9
52.0
53.5
56.0
57.0
59.5
58.5
60.1
61.9
62.9
62.7
64.4

13.6
14.4
13.9
14.3
14.8
14.5
15.5
15.1
12.0
11.5
11.3
11*2

35.3
35.2
35.7
35.8
37.0
36.3
36.2
37.1
36.7
36.1
34.5
32.9

21.0
21.4
21.8
21.8
21.3
21.3
21.3
22.0
19.4
18.7
18.8
19.3

1983—January
February
March
April
May

176.7
176.4
176.1
172.8
171.9

156.9
156.8
156.1
154.0
153.3

48.4
48.6
49.0
48.4
48.6

62.7
63.9
62.9
62.3
61.4

11.1
11.2
10.9
10.8
11.0

34.7
33.1
33.3
32.5
32.3

19.8
19.6
20.0
18.8
18.6

r— revised.
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 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 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 Vz 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 com
mercial and Industrial loans were shifted, all but a negligible amount during December. It Is believed that the bulk of these loans were made under
commitments.
S e p t e m b e r 1982 d a t a r e f l e c t a b r e a k i n s e r i e s
owing t o bank r e c l a s s i f i c a t i o n of o u t s t a n d i n g l o a n s .
L o a n s t o n o n b a n k f i n a n c i a l i n s t i t u t i o n s and commerc i a l and i n d u s t r i a l f i r m s w e r e l o w e r e d by $ 1 . 5 b i l l i o n and $ 5 . 4 b i l l i o n , r e s p e c t i v e l y .
The c o r r e c t i o n
of o u t s t a n d i n g c o m m e r c i a l and i n d u s t r i a l l o a n s r e d u c e d
t e r m l o a n s by $ 0 . 8 b i l l i o n , r e v o l v i n g c r e d i t l o a n s
by $ 0 . 9 b i l l i o n , a n d o t h e r l o a n s by $ 3 . 7 b i l l i o n .
C o n f i r m e d l i n e l o a n s w e r e r a i s e d by $ 0 . 1 b i l l i o n .
R e v i s i o n s t o back d a t a a r e not a v a i l a b l e .

Table 3
UNUSED COMMITMENTS
Billions of dollar*, not i
ally adjusted
Month-end

Total unused
commitments 1

total

To commercial and industrial firms
formalized i
term 2
revoMngS
other#

confirmed
lilies®

TononbehK"
• financial
institutions

1981—November
December

366,
369,

307.9
312.3

16.6

128.1
130.7

13.1
13.3

150.1
151.9

58.4
56.8

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

376.1
380.2
375.7
372.5
374.0
373.9
380.2
383.5
380.3
380.6
385.5
387.3

316.6
320.6
316.0
313.7
314.7
314.8
320.4
323.3
320.5
320.3
324.8
326.6

16.3
16.5
17.3
16.8
16.1
15.3
15.8
15.8
14.6
15.2
15.7

13.7
14.7
14.7
14.1
13.8
13.9
14.2
13.9
13.5
13.9
14.3
13.8

153.6
155.2
152.0
150.8
150.5
148.5
148.8
149.9
148.9
146.9
147.7
148.5

59>
59.7
59.8
58.8
59.3
59.1
59.8

16.0

133.0
134.2
131.9
132.0
134.3
137.1
141.6
143.7
143.4
144.3
147.1
148.3

59.9
60.3
60.7
60.6

389.9
391.1
391.0
391.4r
390.8

328.7
329.4
329.5
329.5
330.8

15.5
15.4
14.8
14.7
15.1

151.1
151.8
154.2
156.2
156.8

13.7
14.3
14.3
14.4
15.4

148.4
148.0
146.2
144.lr
143.4

61.2
61.7
61.5
61.9r
60.0

1983—January
February
March
April
May

NOTE: See Table 1 for footnotes.




16.5

60 i 2

k

Table 4
D i m 7 8 7 4 ^ ? 1 . ^ 6 L 0 A N S MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, not seasonally adjusted
Month-end

total loans
made under
commitments'

total

To commercial and industrial firms
formalized agreements
term 2
revolving3
other*

confirmed
linesS

1981— November
December

165.4
167.8

144.6
146.1

47.8
47.6

48.5
50:1

13.7
14.0

34.7
34.3

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

167.9
169.9
173.3
175.8
178.4
181.0
178.6
179.7
177.8
177.9
177.2
178.6

147.4
149.0
151.7
154.5
157.3
159.4
157.2
157.7
158.2
158.9
158.1
159.0

47.6
48.3
48.4
48.8
49.1
48.8
48.1
47.5
47.0
47.8
47.7
48.5

51.8
51.9
53.9
55.9
56.9
59.4
58.3
59.1
62.1
62.8
63.1
65.0

13.8
14.1
13.9
14.5
14.9
14.7
14.9
14.7
11.9
11.6
11.6
11.5

34.3
34.6
35.5
35.4
3f.4
36.6
36.0
36.4
37.2
36.7
35.6
33.9

1983—January
February
March
April
May

175.4
175.2
175.8
172.2r
170.9

156.1
156.0
156.0
153.9
152.5

48.6
48.6
48.8
48.5
48,4

62.6
63.8
63.3
62.2
61.3

11.2
11.0
10.9
10.9
11.0

33.7
32.6
33.1
32.2
31.8

NOTE: See Table 2 for footnotes.




To nonbank
financial
institutions