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FEDERAL RESERVE statistical release -.'fgrSS-:- G.21 (423) COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Month-end Total1 Formalized agreements revolving* term2 For immediate r e l e a s e July 8, 1986 Confirmed lines5 other4 1984—October November December 366.1 365.0 365.7 16.4 16.1 15.8 188.1 188.9 192.7 9.7 9.5 8.8 152.0 150.5 148.4 1985—January February March April May June July August September October November* December 366.4 366.0 369.4 372.9 374.9 380.2 376.7 377.9 379.8 389.9 386.0 383.4 16.3 15.5 15.8 16.2 16.4 17.5 17.0 17.0 19.0 18.4 17.3 17.4 194.5 197.0 197.9 201.2 203.4 207.4 207.0 208.4 209.6 216.0 217.2 217.4 8.7 8.3 8.9 9.0 9.5 9.8 9.2 8.9 9.3 9.5 8.8 8.3 146.8 145.3 146.8 146.5 145.6 145.4 143.5 143.6 141.9 146.0 142.8 140.2 1986—January February March April May 382.7r 380.Or 375.6 374.4 372.3 17.3 17.1 16.7 15.9 16.0 217.8 216.8 214.7 214.2r 213.0 8.3 7.5 7. 6r 8.2 8.4 139.2r 138.6r 136.7 136.lr 134.9 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. NOTE: Respondents number 115 commercial banks, reduced by mergers from 121 s i n c e November 1984. These mergers have not a f f e c t e d the c o n s i s t e n c y of t h e h i s t o r i c a l s e r i e s . I n d i v i d u a l i t e m s may not add t o t o t a l s due t o rounding. * A break i n t h e s e r i e s caused d e c l i n e s of $ 2 . 5 b i l l i o n i n t o t a l l o a n s , $ 0 . 4 b i l l i o n i n term l o a n s , $ 1 . 5 b i l l i o n i n r e v o l v i n g c r e d i t , and $ 0 . 6 b i l l i o n i n confirmed l i n e s . H i s t o r i c a l data has not been r e v i s e d . Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Month-end Total1 1984—October November December 168.0 167.0 Formalized agreements revolving3 term2 other 4 Confirmed lines5 167.6 49.0 49.3 49.5 73.3 73.8 73.0 9.4 9.7 9.3 35.4 35.2 35.8 1985—January February March April May June July August September October November* December 167.3 171.0 171.4 170.9 172.1 171.7 173.0 173.6 173.4 171.8 171.0 170.1 48.4 49.2 49.7 50.0 50.0 49.9 50.6 51.2 51.8 50.6 50.4 50.0 72.0 74.5 74.5 73.9 75.4 75.0 75.8 76.5 76.1 76.0 75.4 75.5 9.5 9.5 9.2 9.4 9.0 9.2 9.1 9.3 9.1 9.5 8.8 9.3 37.3 37.9 39.1 37.6 37.7 37.7 37.5 36.6 36.4 35.7 36.5 35.4 1986—January February March April May 168.2 48.7 49.0 49.9 50.1 50.3 74.6 77.9 77.5 75.8r 76.2 9.2 9.3 9.6 9.4 9.6 35.7 36.0 37.4 36.9r 36.6 172.2 174.4r 172.2 172.7 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. NOTE: Respondents number 115 commercial banks, reduced by mergers from 121 since November 1984. These mergers have not affected the consistency of the historical series. Individual items may not add to totals due to rounding. * A break in the series caused declines of $1.3 billion in total loans, $0.6 billion in term loans, $0.5 billion in revolving credit, and $0.2 billion in confirmed lines. Historical data has not been revised. Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total1 term2 Formalized agreements revolving3 Confirmed lines5 other4 1984—October November December 365.6 366.0 367.0 16.3 16.3r 16.1 189.6 190.2 193.1 9.6 9.5 8.9 1985—January February March April May June July August September October November* December 368.3 367.1 368.8 370.9 372.0 375.8 378.3 381.4 379.3 389.6 387.3 384.7 16.2 15.4 15.9 16.1 16.3 17.4 17.2 17.3 18.6 18.3 17.5 17.7 194.9 196.4 196.3 199.0 200.4 204.9 208.5 212.1 211.1 217.7 218.7 217.8 9.1 8.8 8.9 9.1 9.4 9.0 8.6 8.8 9.1 9.4 8.8 8.4 148.1 146.6 147.7 146.6 145.9 144.4 144.0 143.2 140.5 144.3 142.2 140.8 1986—January February March April May 384.6r 381.Or 374.8 372.2 369.2 17.2 17.0 16.7 15.8 15.9 218.3 216.2 213.0 211.9r 209.8 8.7 8. Or 7.6 8.3 8.3 140.5r 139.9r 137.5 136.2r 135.2 ' NOTE: See Table 1 for footnotes. *See Table 1 f o r break i n s e r i e s . break adjustments are e q u a l . A f t e r rounding, t h e s e a s o n a l l y and not s e a s o n a l l y adjusted 150.lr 149.9 149.0 Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total1 term* Formalized agreements revolving3 other4 Confirmed lines5 1984—October November December 167.0 169.3 171.2 49.2 49.1 49.8 72.3 74.4 75.8 9.2 9.6 9.3 36.4 36.2 36.3 1985—January February March April May June July August September October November* December 168.4 170.2 171.5 171.0 171.4 171.1 170.5 170.7 174.4 171.7 172.3 173.8 48.5 49.1 49.5 50.1 50.1 49.8 50.7 50.9 51.9 50.8 50.2 50.2 74.3 74.8 75.1 74.2 75.0 74.4 73.8 73.9 75.5 75.0 76.0 78.4 9.5 9.4 9.1 9.5 9.2 9.4 9.1 9.3 9.0 9.3 9.4 36.2 36.9 37.7 37.2 37.2 37.5 36.9 36.7 38.0 36.7 37.5 35.8 1986—January 169.4 48.8 171.5 174.5 172.3 172.0 49.0 49.8 50.2 50.3 76.9 78.2 78.2 76. l r 75.8 9.1 9.3r 9.6r 9.5 9.8 34.6 35.1 37.0 36.5r 36.1 February March April May 8.7 NOTE: See Table 2 for footnotes. *See Table 2 for break in series. break adjustments are equal. After rounding, the seasonally and not seasonally adjusted
