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mm, FEDERAL 4 i statistical RESERVE i &-3153 release LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 G.21 UNUSED COMMITMENTS July 19, 1977 IN BILLIONS OF DOLLARS To commercial and industrial firms Month-end Total unused commitments' Formalized agreements Total 1976—January February March April May June July August September October November December 156.9 156.2 158.1 157.6 158.1 158.3 156.3 160.0 160.1 161.6 162.7 120.6 120.1 121.1 120.7 120.7 121.5 119.4 122.4 122.4 123.8 124.4 123.5 1977—January February March April May 165.9 164.8 166.6 166.7 166.9 128.2 161.2 127.2 128.5 128.2 128.7 Term 2 6.2 Other 4 To nonbank financial institutions For real estate loans TTT" 4.5 4.9 4.7 4.9 5.0 5.0 5.0 5.1 5.3 5.8 5.4 6.3 6.3 6.4 6.5 6.5 34.7 34.5 35.1 35.1 34.6 35.1 34.5 35.4 35.3 35.0 35.6 36.1 5,1 5.0 5.1 5.0 5.2 4.7 4.6 4.8 4.8 4.8 4.9 5.1 74.6 74.6 74.7 74.6 74.9 75.5 74.3 75.9 76.0 77.6 77.4 75.8 31.8 31.6 32.1 32.3 32.6 31.9 32.0 32.6 . 32.7 32.5 32.5 32.3 6.4 6.5 35.2 35.0 5.2 5.3 81.3 80.4 32.6 32.6 5.1 5.0 6.7 6.7 35.1 34.7 34.2 5,1 5.0 81,6 81.8 5.0 82.7 32,9 33.0 32.5 5.8 6,1 6.2 6,0 6.0 6.2 6.1 6.8 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. 4Qther commitments are expressions of willingness to lend, other than for term loans and re- Revolving 3 Confirmed lines 5 1:1 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 135 weekly reporting banks; these banks account for approximately 85 per cent of commercial and industrial loans, 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. Table 2 G.21 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BULLIONS OF DOLLARS Month-end Total loans made under commitments To commercial and industrial firms Formalized agreements Total 21.1 21.0 21.4 21.5 21.7 21.6 21.5 21.5 21.9 21.8 21.3 21.8 21.5 80.6 5.6 23.8 23.8 23.3 22.7 22.4 22.9 22.7 22.5 23.1 23.3 24.2 25.6 77.7 78.7 79.3 78.1 77.9 28.2 28.7 29.2 28.9 28.8 20.5 20.6 20.4 19.7 5.6 5.6 5.7 5.7 23.4 23.9 24.0 23.9 16.5 15.6 15.6 15.4 21.6 21.7 21.7 20.0 5.5 23.6 15.5 22.2 121.3 119.4 117.8 117.2 117.8 115.3 115.2 117.3 117.5 117.6 118.7 80.7 79.2 78.3 77.7 78.4 76.8 76.8 78.6 78.9 79.5 1977—January February March April May 115.8 115.9 1 Loans made under commitments are all outstanding loans, less repayments of principal, made under commitments currently or previously in force. 2Term loans are loans with an original 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. 4i_oans made under other commitments are loans made under expressions of willingness to Digitized for lend, other than for term loans and revolving credits, that are made known to the customs and are FRASER characterized Isy detailed formal agreements specifying the terms and conditions under which a loan 19.2 19.6 18.8 18.1 17.9 17.8 17.0 16.9 16.8 16.8 16.7 16.3 loans 5.7 5.5 5.7 5.6 5.7 5.9 5.3 5.3 5.7 5.6 5.8 81.8 115.6 Other 4 23.4 22.9 21.9 21.9 21.8 21.8 21.0 21.2 21.5 21.4 21.1 20.9 122.1 115.3 Revolving 3 To nonbank financial institutions 28.9 28.7 28.3 28.1 27.9 27.8 27.8 27.7 28.3 28.6 28.5 28.5 1976—January February March April May June July August September October November December 116.6 Term 2 Confirmed lines 5 is to be made. SLoans 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 135 weekly reporting banks; these banks account for approximately 85 per cent of aM commercial and industrial loans, 95 per cent of all nonbank financial loans, and 75 per cent of a reaA estate loans of all weekly reporting banks. Individual items may W not add to total s due to rownd&ng.
