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i t F E t ) E R A # L R E S E R V E • statistical # r e l e a * LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS G 21 Table 1 UNUSED COMMITMENTS For immediate release IN BILLIONS OF DOLLARS March 24, 1976 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 r Month-end . o 1975--January February March 140.7 142.4 142.7 1 Formalized agreements Total Term 105.1 105.6 106.5 For r e a l estate loans 29.4 29.6 31.0 30.7 6.0 5.7 5.5 6.2 6.1 4.3 4.5 4.4 68.3 70.3 70.6 31.1 31.4 30.3 5.2 30.5 31.0 31.2 6.0 32.3 4.3 71.8 30.5 4.9 32.9 33.4 4.7 4.8 73.0 72.0 31.0 30.6 33.8 34.5 35.3 5.0 4.8 4.9 71.7 71.5 73.0 31.8 31.3 31.7 5.0 4.9 4.6 4.5 4.6 34.8 5.2 74.8 31.8 4.5 6.0 6.1 6.3 July Augus t September 114.4 152.0 116.5 6.3 153.4 153.1 155.7 117.0 117.2 119.4 6.5 157.2 120.9 6.2 6.4 6.2 6.2 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. 40ther commitments are expressions of willingness to lend, other than for term loans and re- Other4 To n o n b a n k financial institutions 66.6 66.4 66.9 149.8 152.8 1976—January 3 Confirmed lines5 4.4 4.4 4.2 145.8 148.5 147.7 November December Revolving 27.9 April May June 116.8 2 6.2 109.4 111.9 112.3 October ) Total unused commitments 28.8 5.1 5.1 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. NOTE: The number of banks in the series has changed from 138 to 136 due to the merger of several banks in the series. G.21 Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS 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 1975--January February March 3> April May Total loans made under commitments1 137.3 135.3 133.8 132.7 129.3 Formalized agreements Total Term2 93.8 91.5 90.3 89.5 Revolving1 Other4 Confirmed lines5 To n o n b a n k financial institutions 22.6 22.8 27.0 26.9 26.6 28.8 6.6 27.7 28.1 6.5 6,1 31.4 30.5 29.5 27,3 26.9 27.0 27,9 6.1 26.7 26.7 28.2 5.8 5.8 22.1 27.1 27.1 21.1 21.9 22.9 20.9 20.9 21.1 22.4 June 130.4 86.6 86.6 JulyAugust 128.4 125.6 85.2 27.5 26.3 83.1 5.5 26.0 25.3 25.9 22.1 5.2 5.4 25.2 21.5 21.3 September October 'November December 197 6 — J a n u a r y Real estate loans 127.5 83.0 27.3 27.6 125.8 126.1 124.8 84.4 84.7 84.1 27.9 28.1 28.5 25.1 24.7 24.0 5.4 5.6 5.6 122.4 82.0 29.0 23.4 5.7 21.1 21.2 20.7 26.2 26.1 19.9 20.3 21.0 21.2 21.6 21.1 20.0 20. 7 23.9 19.2 21.1 26.2 26.0 ''J 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 with an original maturity of more than 1 year. 3Loans 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. 4Loans 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. 5|_oans 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. NO! E.—Included in this series are 136 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.
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