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FEDERAL RESERVE statistical release
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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

other4

Confirmed
lines5

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