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FEDERAL RESERVE statistical release G.21 (423) For LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS immediate r e l e a s e March, 1981 Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Month-end Total unused commitments 1 total T o c o m m e r c i a l and industrial f i r m s formalized agreements term 2 revolving3 other4 1979—August September October November December 216.2 220.8 174.3 177.7 12.1 12.5 52.8 53.4 224.8 230.7 234.9 181.3 186.1 189.7 12.5 12.7 12.9 56.0 58.9 59.2 1980—January February 238.0 247.1 261.1 275.2 282.1 283.4 287.7 287.6 192.2 201.8 60.9c 65.4 72.0 79.6 85.2 85.0 March April May June July August September October November December 1981—January r—revised. 213.3 11.6 12.2 14.9 224.6 229.5 15.1 13.6 231.1 233.1 233.7 15.3 15.4 15.0 288.5 290.7r 291.Or 291.6r 234.7 237.Or 236.5r 238.7r 299.3 246.0 15.0 14.0 14.4r 14.5r 86.2 87.3 86.2 86.0 85.8 83.5r 14.2 88.6 To nonbank financial institutions 8.8 8.4 101.0 102.6 104.1 105.7 109.2 41.9 43.1 43.5 44.6 45.2 9.0 9.4 110.7 114.8 9.6 10.1 9.7 116.8 119.8 121.0 45.8 45.3 47.8 9.7 9.5 9.6 50.6 52.6 52.3 9.8 10.6 10.3 10.7 121.1 122.0 121.8 123.7 126.4r 126.Or 130.Or 53.8 53.7 54. 5r 52.9 10.8 132.4 53.3 54.6 53.9 c—corrected. 1. Unused c o m m i t m e n t s are t h e a m o u n t s still available for lending under official promises t o lend t h a t are expressly c o n v e y e d t o the bank's customers orally or in writing, usually in t h e f o r m of a f o r m a l l y executed agreement signed by one of t h e b a n k ' s officers. 2. C o m m i t m e n t s for term loans are those f o r loans with an original maturity of more than one year. 3. Revolving credits are c o m m i t m e n t agreements whereby the borrower may draw and repay loans at will with no r e p a y m e n t penalty and u n d e r which the c o m m i t m e n t r e b o u n d s by an equal a m o u n t a f t e r a t a k e d o w n has been repaid. 4. Other c o m m i t m e n t s are expressions of willingness t o lend, other than 8.4 8.6 8.7 confirmed linesS for term loans and revolving credits, t h a t 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 u n d e r which a loan is t o be m a d e . 5. C o n f i r m e d lines of credit represent general expressions of willingness to lend, o t h e r t h a n f o r term loans or revolving credits, t h a t are made known t o the c u s t o m e r b u t are n o t characterized by detailed formal agreements specifying the terms and c o n d i t i o n s u n d e r which a loan is t o be made. N O T E : Included in this series are 134 weekly reporting banks; these banks a c c o u n t f o r appr oximately 8 5 p e r c e n t of commercial and industrial loans, and 9 5 percent of n o n b a n k financial loans. Individual items may not add t o totals due t o rounding. Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Total loans made under commitments 1 Month-end total T o c o m m e r c i a l and industrial f i r m s formalized agreements other4 revolving3 term 2 1979—August September October November December 130.9 132.0 133.0 132.3 137.1 111.9 114.0 114.6 113.9 29.2 118.2 40.8 41.3 41.8 42.6 43.4 1980—JanuaryFebruary March April May June July August September October November December 138.4 140.7 144.1 141.3 136.4 135.2 136.1 138.5 141.0 142.8 146.Ir 150.2r 118.5 119.8 122.4 120.3 117.0 116.0 116.7 119.5 121.4 123.4 126.9r 129.9r 42.9 43.2 43.7 44.0 43.7 43.6 43.8 45.0 45.3 45.9 46.6 47.2 34.0 34.5 35.7 34.7 32.9 32.1 32.1 32.9 33.6 35.2 36.8 39.3 1981—January 149.8 129.0 47.5 38.5 r—revised. 30.5 30.8 33.6 10.7 10.7 10.4 10.4 10.9 31.2 32.1 32.0 30.2 30.4 11.7 11.6 12.0 29.9 30.1 31.1 30.1 28.9 28.9 28.9 30.0 31.0 30.9 31.9r 31.4r 11.8 To nonbank financial institutions 31.2 12.0 11.9 11.5 11.5 11.4 11.9 11.6 11.5 11.4 c—corrected. 1. Loans m a d e u n d e r c o m m i t m e n t s are outstanding loans t o commercial and industrial f i r m s and n o n b a n k financial institutions, less r e p a y m e n t s of principal, made u n d e r c o m m i t m e n t s currently or previously in f o r c e . 2. Term loans are loans with an original m a t u r i t y of more than 1 year. 3. Loans m a d e u n d e r revolving credits are loans under a g r e e m e n t s whereby the borrower may draw d o w n and repay loans at will with no r e p a y m e n t penalty and u n d e r which the c o m m i t m e n t r e b o u n d s by an equal a m o u n t after a t a k e d o w n has been repaid. 4 . Loans 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 made under expressions of willingness t o lend, other t h a n f o r term loans and revolving credits, t h a t are made k n o w n to the c u s t o m e r and are characterized by detailed 30.0 confirmed linesS formal agreements specifying the t e r m s and conditions under which a loan is t o be made. 5. Loans m a d e under c o n f i r m e d lines of credit are loans made under general expressions of willingness t o lend, other than for term loans or revolving credits, 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 b u t are not characterized by detailed formal agreements specifying t h e terms and conditions under which a loan is t o be m a d e . N O T E : Included in this series are 134 weekly reporting banks; these banks a c c o u n t f o r a p p r o x i m a t e l y 8 5 percent of all commercial and industrial loans, and 9 5 p e r c e n t of all n o n b a n k financial loans. Individual items may n o t add t o totals due t o rounding. Table 3 U N U S E D COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total unused commitments 1 total To commercial and industrial firms formalized agreements term 2 revolving3 other# 52.2 52.9 56.3 60.1 8.4 8.6 62.2 9.5 9.8 confirmed Iines5 101.5 102.0 102.9 105.5 109.0 215.7 218.7 223.7 232.0 237.0 174.2 175.9 12.0 187.7 191.8 13.2 13.2 1980—January February March April May June July Augus t September October November December 241.3 249.1 262.2 274.4 280.0 279.8 284.6 287.2 286.8 289.5 292.7r 294.6r 195.2 203.2 214.1 223.2 227.3 227.8 230.6 233.6 233.3 236.3r 238.6r 241.8r 11.8 12.2 14.9 14.9 13.3 15.1 14.8 14.9 15.0 14.4 14.9r 14.8r 72.4 79.1 83.3 82.9 84.2 86.3 85.3 86.4 87.6 86.3 10.1 8.8 9.0 9.7 9.8 10.5 10.4 10.9 111.7 115.1 116.7 119.3 121.0 121.0 122.6 122.7 123.2 124.9r 125.7r 129.7r 1981—January 303.6 250.0 14.4 90.5 11.4 133.6 1979—August September October November December N O T E : See Table 1 f o r f o o t n o t e s . 180.6 12.5 12.8 61.2 66.1 8.6 8.9 8.5 9.9 9.7 Table 4 OUTSTANDING L O A N S MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total loans made under commitments 1 total To commercial and industrial firms formalized agreements other* revolving3 term 2 confirmed Iines5 To nonbank financial institutions 1979—August September October November December 129.1 132.6 134.3 134.0 139.2 110.2 114.4 115.5 115.2 119.6 40.6 41.3 41.9 42.4 43.3 28.7 30.0 30.5 31.0 33.9 10.4 10.6 10.5 10.7 11.2 30.6 32.5 32.6 31.1 31.3 19.0 18.2 18.8 18.9 19.5 1980—January February March April May June July August September October November December 137.5 139.5 143.8 140.5 135.7 135.9 135.4 137.0 141.8 144.1 147.9r 152.2r 118.0 119.1c 122.3 120.0 116.6 116.5 116.1 118.1 122.0 124.2 128.3r 131.4r 43.1 43.2 43.5 44.1 43.8 43.6 44.0 44.9 45.4 46.0 46.4r 47. l r 34.0 34.4 36.0 34.6 32.9 32.1 32.0 32.4 33.7 35.2 37.1 39.7 11.8 11.8 11.9 11.6 11.5 11.6 11.4 11.3 11.4 11.5 11.9 12.3 29.0 29.7 30.9 29.8 28.4 29.1 28.7 29.5 31.4 31.5 32.9r 32.3r 19.5 20.4 21.5 20.5 19.1 19.4 19.3 19.0 19.8 19.9 19.6 20.8 1981—January 148.8 128.6 47.7 38.5 11.9 30.3 20.3 NOTE: See Table 2 f o r f o o t n o t e s .
