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at;- FEDERAL RESERVE statistical release LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS G 21 Table 1 UNUSED COMMITMENTS M a r c h 17> 1978 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 19 7 7 — J a n u a r y February March April May June July Augus t September October November December 1978—January Total unused commitments To n o n b a n k Formalized agreements Total 1 Term 2 Revolving 3 Other * Confirmed lines 5 financial institutions For r e a l estate loans 5 , € 165.9 164.3 166.7 166.5 166.9 167.4 128.2 126.6 128.5 128.2 128.7 128.7 6.4 6.5 6.7 6.7 6.8 7.0 35.2 34.5 35.1 34.8 34.2 34.7 5.2 5.2 5.1 5.0 5.0 4.7 81.3 80.4 81.6 81.7 82.7 82.3 32.6 32.7 32.9 32.8 32.5 32.9 5.0 5.3 . 5.6 5.8 5.8 167.0 168. 6 169.2 171.1 177.4 179.2 128.1 128.7 128.6 129.6 134.9 136.4 7.5 7.5 7.6 8.6 8.5 8.8 34.7 34.8 35.1 37.1 37.7 38.0 5.2 5.7 5.8 5.8 6.8 6.3 80.7 80.8 80.1 78.1 81.9 83.3 32.7 33.3 33.5 34.2 34.3 34.8 6.2 6.6 7.0 7.4 8.1 8.0 181.3 137.6 8.8 38.2 6.4 84.1 35.4 8.3 « 1 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 m 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. ^Other commitments are expressions of willingness to lend, other than for term loans and re- 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 136 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. Table 2 G.21 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN B I L L I O N S OF D O L L A R S 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 Total loans made under commitments Formalized agreements 1 To n o n b a n k Confirmed Total Term2 Revolving3 Other* lines5 Real financial institutions estate loans ( 197 7 — J a n u a r y FebruaryMarch April MayJune JulyAugust September October November December 1978—January- 115.8 115.8 116.7 115.3 115.6 116.1 77.7 78.6 79.3 78.2 77.9 78.7 28.2 28.& 29.2 28.9 28.8 29.4 20.5 20.5 20.4 19.7 20.0 19.4 5.6 5.6 5.7 5.7 5.5 5.7 23.4 23.9 24,0 23.9 23.6 24.2 16.5 15.6 15.6 15.4 15.5 15.1 21.5 21.6 21.7 21.7 22.2 22.2 116.5 117.4 120.2 123.8 125.0 127.5 78.9 79.4 81.1 83.4 84.1 85.5 29.6 29.8 29.0 29.9 29.6 30.0 19.4 19.4 19.6 20.0 20.6 20.2 5.5 5.7 7 -1 7.0 6.7 7.5 24.4 24.5 25.4 26.4 27.2 27.8 15.2 15.2 16.0 16.1 16.3 16.9 22.4 22.9 23.0 24.4 24.7 25.1 124.6 83.7 30.0 20.1 7.5 26.1 15.6 25.2 1 Loans made under commitments are all outstanding loans, less repayments of principal, made under commitments currently or previously in force. ^Term loans are loans w i n an original maturity of more than 1 year. 3l_oan$ 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. ^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. —Included in this series are 135 weekly reporting banks; these banks account for approximately 85 per cent of all commercial 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.
