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FEDERAL RESERVE statistical release
G.21 (423)

COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS
AT SELECTED LARGE COMMERCIAL BANKS

Table 1
UNUSED COMMITMENTS
Billions of dollars, seasonally adjusted
Month-end

Total 1

term*

Formalized agreements
revolving^

For Immediate release
July 12, 1985
Confirmed
other 4
lines 5

1983—October
November
December

345.3
347.5
347.6

16.4
15.6
15.7

168.5
170.9
172.5

10.5
10.5
10.3

149.8
150.6
149.1

1 9 8 4 — J anuary*
February
March
April
May
June
July
August
September
October
November**
December

350.5
350.4
361.3
363.3
364.5
363.3
356.5
359.7
364.0
366.1
365.0
365.7r

15.5
15.5
15.7
15.5
16.6
16.9
16.6
17.4
17.4
16.4
16.1
15.8r

176.2
177.7
187.2
190.3
189.2
186.7
181.0
181.7
186.1
188.1
188.9
192.7r

8.5

9.0
9.7
10.3
9.5
9.7
9.7
9.5
8.8r

150.3
149.1
149.5
148.8
149.7
150.0
148.6
151.0
150.9
152.0
150.5
148.4

1985—January
February
March
April
May

366.4r
366.Or
369.4r
372.9r
374.9

16.3r
15.5r
15.8r
16.2r
16.4

194.5r
197.Or
197.9r
201.2r
203.4

8.8r
8.3r
8.9r
9.0
9.5

146.8
145.3
146.8r
146.5r
145.7

r—revised.
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 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.




8.1

8.9

8.8

*A merger between a reporting bank and a nonreporting bank caused
a break in series in January 1984. Unused C&l commitments were increased by $0.5 billion. The increase in unused C&l commitments was
concentrated in confirmed lines, which increased $0.4 billion. Revisions
to back data are not available.
" D u e to mergers, the number of large commercial banks in our survey has dropped from 121 to 119, as of November 1984. Historical data
has been revised.
Individual items may not add to totals due to rounding.

Table 2
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, seasonally adjusted
Month-end

Total 1

term:

Formalized agreements
revolving*

other*

Confirmed
lines 5

1983—October
November
December

149.5
149.8
153.6

48.6
49.4
50.5

62.0
61.3
62.8

8.4
9.0
8.8

30.6
30.2
31.5

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

151.8
156.4
161.4
165.4
167.1
170.2
171.0
170.6
167.2
167.0
168.0
167.6r

49.4
50.1
51.5
51.3
51.2
51.7
50.5
50.7
49.2
49.0
49.3
49.5r

61.6
64.0
66.1
68.2
70.8
72.9
76.1
75.8
74.5
73.3
73.8
73.0

8.1
8.4
8.5
8.7
8.6
9.0
8.6
8.8
8.9
9.4
9.7
9.3r

32.8
34.0
35.3
37.3
36.5
36.7
35.8
35.2
34.5
35.4
35.2
35.9

1985—January
February
March
April
May

167.5r
171.2r
171.6r
171.lr
172.3

48.4
49.2
49.7r
50. Or
50.0

72.0
74.5
74.5r
73.9r
75.4

9.7r
9.7r
9.3r
9.6
9.2

37.3
37.9
38. lr
37.6r
37.7

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.




* 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 to mergers, the number of large commercial banks in our survey has dropped from 121 to 119, as of November 1984. Historical data
has been revised.
Individual items may not add to totals due to rounding.

Table 3
UNUSED COMMITMENTS
Billions of dollars, not seasonally adjusted
Month-end

Total 1

term 2

Formalized agreements
revolving 3

other*

Confirmed
lines 5

1983—October
November
December

344.6
348.4
348.9

16.3
15.8
15.9

169.9
172.1
172.8

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

352.5
351.6
360.8
361.5
361.8
359.1
357.9
362.7
363.3
365.6
366.0
367.Or

15.4
15.4
15.8
15.4
16.5
16.8
16.8
17.7
17.1
16.3
16.4
16. lr

176.5
177.1
185.7
188.2
186.4
184.4
182.3
185.0
187.4
189.6
190.2
193.lr

8.9
8.6
8.9
8.9
9.0
8.9
9.7
9.4
9.5
9.6
9.5
8.9r

151.7
150.4
150.3
149.0
150.0
148.9
149.2
150.5
149.3
150.2
149.9
149.0

1985—January
February
March
April
May

368.3r
367.2r
368.8r
370.9r
372.0

16.2r
15.4r
15.9r
16. lr
16.3

194.9r
196.4r
196.3r
199.Or
200.3

9. lr
8.8r
8.9r
9.1
9.4

148.2
146.6
147.7r
146.7r
145.9

NOTE: See Table 1 for footnotes.




10.4
10.5
10.4

148.0
150.0
149.7

4

Table 4
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, not seasonally adjusted
Month-end
1 9 8 3 — O c t ob e r
November
December
1984—January*
February
March
April
May
June
July
August
September
October
November**
December
1985—January
February
March
April
May

NOTE: See Table 2 for footnotes.




Total 1

term*

Formalized agreements
revolving)

other 4

Confirmed
lines 5

149.5
150.9
156.8

48.7
49.2
50.7

61.2
61.8
65.3

8.3
8.9
8.9

31.4
31.1
32.0

152.8
155.7
161.5
165.4
166.4
169.7
168.6
167.8
168.1
167.0
169.3
171.2r

49.5
50.1
51.4
51.4
51.3
51.6
50.7
50.5
49.3
49.2
49.1
49.8

63.5
64.2
66.7
68.5
70.4
72.4
74.1
73.3
73.9
72.3
74.4
75.8

8.0
8.3
8.5
8.7
8.7
9.2
8.7
8.8
8.9
9.2
9.6
9.3r

31.8
33.1
35.0
36.9
36.0
36.5
35.1
35.2
36.0
36.4
36.2
36.3

168.6r
170.4r
171.7r
171.lr
171.6

48.5
49.1
49.5r
50. lr
50.1

74.3
74.8
75.lr
74.2r
75.0

9.6r
9.6r
9.3r
9.6r
9.3

36.2
36.9
37.7r
37.2r
37.2