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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 .