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.voOLS&v. FEDERAL RESERVE statistical r e Ie a se LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS G.21 Table 1 UNUSED CXMftMJTIIENTS For immediate release July 19, 1976 IN BILLION'S O f DOLLARS To c o m m e r c i a l and i n d u s t r i a l f i r m s Month-end 1975— April May June July Augus t September October November December 1976—January February March April May Total unused commitments1 Formalizgd asg>reements Total Term2 3 Other4 To nonbank financial institutions For real estate loans 145.8 148.5 147.7 109.4 111.9 112.3 6.3 6.2 6.1 30.5 31.0 31.2 4.3 4.5 4.4 68.3 70.3 70.6 31.1 31.4 30.3 5.2 5.2 5.1 149.8 152.8 152.0 153.4 153.1 155.7 114.4 116.8 116.5 117.0 117.2 119.4 6.0 6.2 6.3 6.5 6.4 6.2 32.3 32.9 33.4 33.8 34.5 35.3 4.3 71.8 30.5 4.9 4.7 W 5.0 4.8 4.9 73.0 72.0 31.0 30.6 71.7 71.5 72.9 31.8 31.3 31.7 5.0 4.9 4.6 4.5 4.6 157.2 156.5 158.4 158.0 158.5 120.9 120.4 121.4 121.0 121.0 6.2 6,1 6.2 6.0 34.8 34..5 35.2 35.2 34.6 5.1 5.0 5.1 5.0 5.1 74.8 74.8 31.8 31.6 32.1 32.3 32.6 4.5 4.5 • 4.9 4.7 5.0 6.0 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. ^Commitments for term loans are those for loans with an original maturity of more than 1 year. ^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. 40ther commitments are expressions of willingness to lend, other than for term loans and re- Revolving Confirmed lines 5 74.9 74.8 75.2 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 136 weekly reporting banks; these banks account for approximately 85 per cent of commercial and industrial logns, 95 per cent of nonbank financial loans, and 75 per cent of real estate-loans of all weekly reporting banks. Individual items may not add to totals due to rounding. 6.21 Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BILLIONS OF DOLLARS To c o m m e r c i a l and i n d u s t r i a l firms To n o n b a n k financial institutions 6.1 5.8 5.8 28.2 27.1 27.1 22.1 21.9 22.9 21.1 20.9 20.9 26.3 25.3 25.9 25.1 24.7 23.9 5.5 5.2 5.4 26.0 22.1 fl.l 5.4 5.6 5.6 25.2 26.2 26.0 26.2 26.1 21.5 21.3 19.9 20.3 20.0 21.0 21.2 21.6 21.1 20.7 23.4 22.9 22.0 22.0 5.7 5.5 5.7 5.6 23.9 23.8 23.4 22.8 21.8 5.6 23.2 19.2 19.6 18.8 18.1 18.0 21.1 21.0 21.5 21.5 21.8 Total 132.7 129.3 130.4 89.5 86.6 86.6 27.3 26.9 27.0 27.9 26.7 26.7 July Augus t 128.4 125.6 September 127.5 October November December 125.8 126.1 124.8 85.2 83.1 83.0 84.4 84.7 84.1 27.5 27.3 27.6 27.9 28.1 28.5 1976—January February March April May 122.4 121.6 119.7 118.2 118.3 82.0 81.0 79.4 78.5 78.6 29.0 28.8 28.4 28.2 28.0 1975—April May June Term2 1 Loans made under commitments are all outstanding loans, less repayments of principal, made under commitments currently or previously in force. 2jerm loans are loans with an original maturity of more than 1 year. 3Loans made under revolving credits are loans under agreements whereby the borrower —.av 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 u»nder other commitments are loans made under expressions of wiMi'Pwjness 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 Real estate loans Confirmed lines5 Formalized agreements Total loans m a d e under commitments^ Month-end Revolving3 Other4 is to be made. SLoans made under confirmed lines of credit are loans made under general expressions of wi'lil'iogmess to lend, other than for term loans or revolving credits, that are made known to the cw^ 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 136 weekly reporting banks; these banks account for approximately 85 per cent of all commercial and industrial loans, 95 per cent of aM mornbank financial loans, and 75 per cent of all real estate loans of all weekly reporting banks. Individual items may not add to totals due to rounding.