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I

ESERVE
LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS
For

UNUSED COMMITMENTS

immediate release
june

20,

1975

IN BILLIONS OF DOLLARS
To c o m m e r c i a l a n d i n d u s t r i a l f i r m s
Month-end

1975—January

Total
unused
com m itments

142.3
142.6

April

146.0

February

1

Term

2

Revolving

3

Other

4

Confirmed
lines 5

To n o n b a n k
financial
institutions

105.0

140 0 5

March

Formalized agreements
Totai

r

6.2

27.9

4.4

66.5

105.6
106.5

6.0

28.7
29.3

4.4
4.2

66.4
66.9

31.0
30.7

6.5

30.5

5.9

29.6

6.1

109.6

r

r

r

r

68.3

4.3

For real
estate
loans

r

1:1 r
5.3

31.1

#

1 U n u s e d c o m m i t m e n t s are m e a m o u n t s s t i l l a v a i l a b l e f o r Sending u n d e r o f f i c i a l p r o m i s e s t o
l e n d t h a t a r e e x p r e s s l y c o n v e y e d t o t h e b a n k ' s c u s t o m e r s o r a l l y or in w r i t i n g , u s u a l l y i n t h e f o r m o f

v o l v i n g c r e d i t s , t h a t are m a d e k n o w n t o t h e c u s t o m e r a n d are c h a r a c t e r i z e d b y d e t a i i e c

formal

a g r e e m e n t s s p e c i f y i n g t h e t e r m s a n d c o n d i t i o n s u n d e r w h i c h a l o a n is t o b e m a d e .

a f o r m a l l y e x e c u t e d agreement signed b y o n e of t h e b a n k ' s o f f i c e r s .
^ C o m m i t m e n t s f o r t e r m loans are t h o s e f o r loans w i t h an o r i g i n a l m a t u r i t y o f m o r e t h a n 1 year.
^ R e v o l v i n g c r e d i t s are c o m m i t m e n t a g r e e m e n t s w h e r e b y

the b o r r o w e r m a y d r a w and repay

l o a n s at w i l l w i t h n o r e p a y m e n t p e n a l t y a n d u n d e r w h i c h t h e c o m m i t m e n t r e b o u n d s b y a n e q u a l
a m o u n t a f t e r a t a k e d o w n has b e e n r e p a i d .
4 ( ) t h e r c o m m i t m e n t s are e x p r e s s i o n s o f w i l l i n g n e s s t o l e n d , o t h e r t h a n f o r t e r m l o a n s a n d re-




^ C o n f i r m e d lines o f c r e d i t represent general expressions o f willingness t o lend, o t h e r t h a n for
t e r m l o a n s o r r e v o l v i n g c r e d i t s , t h a t a r e m a d e k n o w n t o t h e c u s t o m e r b u t a r e n o t c h a r a c t e r i z e d byd e t a i l e d , f o r m a l a g r e e m e n t s s p e c i f y i n g t h e t e r m s a n d c o n d i t i o n s u n d e r w h i c h a l o a n is t o be m a d e .
NOTE.-Included

in

t h i s series a r e

138 weekly

r e p o r t i n g b a n k s ; these b a n k s a c c o u n t for

a p p r o x i m a t e l y 8 5 per c e n t o f c o m m e r c i a l a n d i n d u s t r i a l l o a n s , 9 5 p e r c e n t o f n o n b a n k financial
loans, a n d 75 per c e n t o f real e s t a t e - l o a n s o f all w e e k l y r e p o r t i n g b a n k s .
add to totals due to rounding.

I

Individual items may not

Table 2

G.21

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 f i r m s
Month-end

Formalized agreements
Total

Term

2

Revolving

136.9

93.8

27.0
26.9

26.6

27.7

March

91.5
90.2

April

132.3

89.5

27.3

3

Other

4

28.8

135.0
133.4

1975—January-

»

Total loans
made under
commitments1

February

r

Confirmed
lines5

31.5

To n o n b a n k
financial
institutions

22.4

Real
estate
loans

20.8

20.8

29.5

22.6
22.8

28.2

22.1

20.7

28.0

6.5

30.5

6,1 r

27,9

6.1

20.4

r

#
1
Loans m a d e u n d e r c o m m i t m e n t s are all o u t s t a n d i n g loans, less r e p a y m e n t s o f p r i n c i p a l , made
u n d e r c o m m i t m e n t s c u r r e n t l y o r p r e v i o u s l y in f o r c e .

2 j e r m loans are loans w i t h an o r i g i n a l m a t u r i t y o f m o r e t h a n 1 year.
3 L o a n s m a d e u n d e r r e v o l v i n g c r e d i t s are loans under agreements w h e r e b y t h e b o r r o w e r m a y
d r a w d o w n and repay loans at w i l l w i t h n o r e p a y m e n t p e n a l t y and u n d e r w i t c h t h e c o m m i t m e n t
r e b o u n d s b y an e q u a l a m o u n t after a t a k e d o w n has been repaid.
^ L o a n s m a d e u n d e r o t h e r c o m m i t m e n t s are loans m a d e u n d e r expressions of w i l l i n g n e s s t o
lend, FRASER
Digitized for o t h e r t h a n f o r t e r m loans and r e v o l v i n g credits, t h a t
characterized b y detail
http://fraser.stlouisfed.org/e d f o r m a l agreements s p e c i f y i n g t h e
r - R vis d
Federal ReserveeBankeof, Louis
St.

are made k n o w n t c t h e c u s t o m e r and are
t e r m s and c o n d i t i o n s u n d e r w h i c h a loan

is t o be made.
5|_oans m a d e u n d e r c o n f i r m e d lines o f c r e d i t are loans m a d e u n d e r general expressions o f
w i l l i n g n e s s t o l e n d , o t h e r t h a n f o r t e r m loans or r e v o l v i n g credits, t h a t are m a d e k n o w n t o t h e cust o m e r b u t are n o t c h a r a c t e r i z e d b y d e t a i l e d f o r m a l agreements s p e c i f y i n g t h e t e r m s a n d c o n d i t i o n s
u n d e r w h i c h a loan is t o be made.
N O T E . - I n c l u d e d in t h i s series are 138 w e e k l y r e p o r t i n g b a n k s ; these b a n k s a c c o u n t f o r app r o x i m a t e l y 8 5 per c e n t o f all c o m m e r c i a l and i n d u s t r i a l loans, 9 5 per c e n t o f all n o n b a n k f i n a n c i a l
loans, and 7 5 per c e n t o f all real estate loans o f all w e e k l y r e p o r t i n g banks. I n d i v i d u a l i t e m s m a y
n o t add t o t o t a l s d u e t o r o u n d i n g .


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102