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, # & , FEDERAL RESERVE statistical release LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS G.21 Table 1 UNUSED COMMITMENTS IN BILLIONS OF DOLLARS June 20 , 1977 To commercial and industrial firms Month-end Total unused commitments 1 Formalized agreements Total Term 2 Revolving 3 Other 4 1976—January February March April May June July August September October November December 156.9 156.2 158.1 157.6 158.1 158.3 156.3 160.0 160.1 161.6 162.7 161.2 120.6 120.1 121.1 120.7 120.7 121.5 119.4 122.4 122.4 123.8 124.4 123.5 6.2 6.1 6.2 6,0 6.0 6.2 6.1 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 1977—January February March April 165.9 164.8 166.6 166.7 128.2 127.2 6.4 6.5 35.2 35.0 128.5 128.2 6.7 6.7 35.1 34.7 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. 4 Other commitments are expressions of willingness to lend, other than for term loans and re- Confirmed lines 5 To nonbank financial institutions For real estate loans 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 4.5 4.5 4.9 4.7 4.9 5.0 5.0 5.0 5.1 5.3 5.8 5.4 5.2 5.3 81.3 80.4 32.6 32.6 5.1 5.0 5,1 5.0 81.6 81.8 32.9 33.0 5,3 5.6 " 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 13(3 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. G.21 Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BILLIONS OF DOLLARS Month-end Total loans made under commitments 1 To commercial and industrial firms Formalized agreements Total 1976—January February March April May June July August September October November December 122.1 81.8 121.3 119.4 117.8 117.2 117.8 115.3 115.2 117.3 117.5 117.6 118.7 80.7 79.2 78.3 77.7 1977—January February March April 115.9 116. 6 115.3 115.8 Term 2 80.6 28.9 28.7 28.3 28.1 27.9 27.8 27.8 27.7 28.3 28.6 28.5 28.5 77.7 78.7 79.3 28.2 28.7 29.2 20.4 78.1 28.9 19.7 78.4 76.8 76.8 78.6 78.9 79.5 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. 3|_oans 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 Loarw made under other commitments are loans made under exoressinns nf uviiiir,™,,,, • „ lend, other than for term loans and revolving credits, that are made known to the customer%nd are characterized by detailed formal agreements specifying the terms and conditions under which a loan e e * Revolving e e 3 23.4 22.9 21.9 21.9 21.8 21.8 21.0 21.2 21.5 21.4 21.1 20.9 20.5 20.6 Other Confirmed lines- 5.7 5.5 5.7 5.6 5.7 5.9 5.3 5.3 5.7 5.6 5.8 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 5.6 5.6 5.7 5.7 23.4 23.9 24.0 23.9 To nonbank financial institutions 19.2 19.6 18.8 18.1 17.9 17.8 17.0 16.9 16.8 16.8 16.7 16.3 16.5 15.6 15.6 15.4 Real estate loans 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 21.6 21.7 21.7 is to be made. w i l l i n ^ h l T L ^ UnJ6r c ° n f i ™ e d lines 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.-lncluded in this series are 135 weekly reporting banks; these banks account for appro* i ma _ e y _ per cefit c, all co,,„,,ercial and industrial loans, 95 per cent of all nonbank 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. ' # # # e e 4