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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.