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FEDERAL RESERVE statistical release G.21 (423) COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally a d j u s t e d Month-end For Total 1 term 2 Formalized a g r e e m e n t s revolving 3 other 4 immediate r e l e a s e J u n e 7 , 1985 Confirmed lines 5 1983—September October November December 340.1 345.3 347.5 347.6 16.0 165.6 168.5 170.9 172.5 10.1 16.4 15.6 15.7 1984—January* February March April May June July August September October November** December 350.5 350.4 361.3 363.3 364.5 363.3 356.5 359.7 364.0 366.1 365.0 366.6 15.5 15.5 15.7 15.5 16.6 16.9 16.6 17.4 17.4 16.4 16.1 16.1 176.2 177.7 187.2 190.3 189.2 186.7 181.0 181.7 186.1 188.1 188.9 193.1 8.5 8.9 8.8 9.0 9.7 10.3 9.5 9.7 9.7 9.5 9.0 150.3 149.1 149.5 148.8 149.7 150.0 148.6 151.0 150.9 152.0 150.5 148.4 16.7 15.8 16.2 16.3 194.8 197.2 199.lr 201.5 9.0 9.6 10.2r 9.0 146.8 145.3 147.3r 147.1 1985—January February March April 367.3 367.8 372.7r 373.7 r—revised. 1. Unused commitments are the a m o u n t s 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 o n e of the bank's officers. 2. Commitments for term loans are t h o s e for loans with an original maturity of more than o n e 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 r e b o u n d s by an equal amount after a takedown has been repaid. 4. Other c o m m i t m e n t s are e x p r e s s i o n s of willingness to lend, other than for term loans and revolving credits, that are m a d e known to the customer and are characterized by detailed formal a g r e e m e n t s 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 m a d e 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. 10.5 10.5 10.3 8.1 148.5 149.8 150.6 149.1 *A merger between a reporting bank and a nonreporting bank c a u s e d a break in series in January 1984. Unused C&l commitments were increased by $0.5 billion. The increase in unused C&l commitments was concentrated in confirmed lines, which increased $0.4 billion. Revisions to back data are not available. **Due to mergers, the number of large commercial banks in our survey h a s dropped from 121 to 119, a s of November 1984. Historical data h a s been revised. Individual items may not add to totals due to rounding. Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Month-end Total 1 Formalized a g r e e m e n t s revolving 3 term 2 other 4 Confirmed lines 5 1983—September October November December 148.8 149.5 149.8 153.6 48.2 48.6 49.4 50.5 62.0 62.0 61.3 62.8 8.2 8.4 9.0 8.8 30.4 30.6 30.2 31.5 1984—Janua ry* February March April May June July Augus t September October November** December 151.8 156.4 161.4 165.4 167.1 170.2 171.0 170.6 167.2 167.0 168.0 167.8 49.4 50.1 51.5 51.3 51.2 51.7 50.5 50.7 49.2 49.0 49.3 49.6 61.6 64.0 66.1 68.2 70.8 72.9 76.1 75.8 74.5 73.3 73.8 73.0 8.1 8.4 8.5 8.7 8.6 9.0 8.6 8.8 8.9 9.4 9.7 9.4 32.8 34.0 35.3 37.3 36.5 36.7 35.8 35.2 34.5 35.4 35.2 35.9 1985—January February March April 167.7 171.5 172.4r 171.6 48.4r 49.2 49.9r 50.1 72.0 74.5 74.6 74.0 9.9 9.9 9.5r 9.6 37.3 37.9 38.4r 37.9 r—revised. 1. Loans made under commitments are outstanding loans to commercial and industrial firms, l e s s repayments of principal, m a d e under commitments currently or previously in force. 2. Term loans are loans with an original maturity of more than 1 year. 3. Loans m a d e under revolving credits are loans under a g r e e m e n t s 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 h a s 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 m a d e known to the customer and are characterized by detailed formal a g r e e m e n t s specifying t h e terms and conditions under which a loan is to be made. 5. Loans made under confirmed lines of credit are loans m a d e 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 a g r e e m e n t s specifying the terms and conditions under which a loan is to be made. * A merger between a reporting bank and a nonreporting bank c a u s e d a break in series in January 1984. Outstanding C&l loans made under commitments were increased by $0.2 billion. The increase in outstanding loans was concentrated in confirmed lines, which increased $0.2 billion. Revisions to back d a t a are not available. * w Due to mergers, the number of large commercial banks in our survey h a s dropped from 121 to 119, a s of November 1984. Historical data h a s been revised. Individual items may not add to totals due to rounding. Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally a d j u s t e d Month-end Total 1 term* Formalized a g r e e m e n t s revolving) other 4 Confirmed lines 5 1983—September October November December 339.3 344.6 348.4 348.9 15.7 16.3 15.8 15.9 166.7 169.9 172.1 172.8 9.9 10.4 10.5 10.4 147.0 148.0 150.0 149.7 1984—January* February March April May June July August September October November** December 352.5 351.6 360.8 361.5 361.8 359.1 357.9 362.7 363.3 365.6 366.0 367.8 15.4 15.4 15.8 15.4 16.5 16.8 16.8 17.7 17.1 16.3 16.4 16.4 176.5 177.1 185.7 188.2 186.4 184.4 182.3 185.0 187.4 189.6 190.2 193.5 8.9 8.6 8.9 8.9 9.0 8.9 9.7 9.4 9.5 9.6 9.5 9.0 151.7 150.4 150.3 149.0 150.0 148.9 149.2 150.5 149.3 150.2 149.9 149.0 1985—January February March April 369.2 369.0 372.2r 371.7 16.6 15.8 16.2 16.2 195.2 196.6 197.5 199.2 9.3 10.1 10.3r 9.1 148.2 146.6 148.2r 147.2 NOTE: S e e Table 1 for footnotes. Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally a d j u s t e d Month-end Total1 term? Formalized agreements revolving3 other* Confirmed lines5 1983—September October November December 149.6 149.5 150.9 156.8 48.3 48.7 49.2 50.7 61.5 61.2 61.8 65.3 8.1 8.3 8.9 8.9 31.7 31.4 31.1 32.0 1984—January* February March April May June July August September October November** December 152.8 155.7 161.5 165.4 166.4 169.7 168.6 167.8 168.1 167.0 169.3 171.4 49.5 50.1 51.4 51.4 51.3 51.6 50.7 50.5 49.3 49.2 49.1 49.8 63.5 64.2 66.7 68.5 70.4 72.4 74.1 73.3 73.9 72.3 74.4 75.8 8.0 8.3 8.5 8.7 8.7 9.2 8.7 8.8 8.9 9.2 9.6 9.5 31.8 33.1 35.0 36.9 36.0 36.5 35.1 35.3 36.0 36.4 36.2 36.3 1985—January February March April 168.8 170.6 172.5r 171.7 48.5 49.1 49.7 50.2 74.3 74.8 75.3r 74.3 9.8 9.8 9.5r 9.7 36.2 36.9 38. Or 37.5 NOTE: See Table 2 for footnotes.