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• • • • F E D E R A L • * • • R E S E R V E • • statistical release LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS G.21 Table 1 UNUSED COMMITMENTS IN BILLIONS OF DOLLARS M a r c h 31, 1977 To commercial and industrial firms Month-end Total unused commitments' Formalized agreements Total Term 2 Revolving 3 Other4 Confirmed lines 5 1976—January February March April May June July August September October November December 156.9 156.2 158.1 157.6 158.1 158.3 156.3 160.0 160.1 161.6 162.7 161.2 120.6 120.1 121.1 120.7 120.7 121.5 119.4 122.4 122.4 123.8 124.4 123.5 6.2 6,1 6.2 6.0 6.0 6.2 6.1 6.3 6.3 6.4 6.5 6.5 34.7 34.5 35.1 35.1 34.6 35.1 34.5 35.4 35.3 35.0 35.6 36.1 5,1 5.0 5.1 5.0 5.2 4.7 4.6 4.8 4.8 4.8 4.9 5.1 74.6 74.6 74.7 74.6 74.9 75.5 74.3 75.9 76.0 77.6 77.4 75.8 1977—January 165.9 128.2 6.4 35.2 5.2 81.3 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. 2Commitments for term loans are those for loans with an original maturity of more than 1 year. 3Revolving 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- - To nonbank financial institutions For real estate loans 31.8 31.6 32.1 32.3 32.6 31.9 32.0 32.6 32.7 32.5 32.5 32.3 4.5 4.5 4.9 4.7 4.9 5.0 5.0 5.0 5.1 5.3 5.8 5.4 32.6 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.-lncluded in this series are 135 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 BILLIONS OF DOLLARS Month-end Total loans made under commitments 1 To commercial and industria firms Formalized agreements Total Term 2 Revolving 3 20.9 19.2 19.6 18.8 18.1 17.9 17.8 17.0 16.9 16.8 16.8 16.7 16.3 21.1 21.0 21.4 21.5 21.7 21.6 21.5 21.5 21.9 21.8 21.3 21.8 20.5 5.6 23.4 16.5 21.5 80.6 77.7 28.2 121.3 119.4 117.8 117.2 117.8 115.3 115.2 117.3 117.5 117.6 118.7 80.7 79.2 78.3 77.7 1977—January 115.8 78.4 76.8 76.8 78.6 78.9 79.5 Real estate loans 23.8 23.8 23.3 22.7 22.4 22.9 22.7 22.5 23.1 23.3 24.2 25.6 23.4 22.9 21.9 21.9 122.1. To nonbank financial institutions 5.7 5.5 5.7 5.6 5.7 5.9 5.3 5.3 5.7 5.6 5.8 5.6 28.9 28.7 28.3 28.1 27.9 27.8 27.8 27.7 28.3 28.6 28.5 28.5 81.8 1976—January February March April May June July August September October November December Other 4 Confirmed lines 5 21.8 21.8 21.0 21.2 21.5 21.4 21.1 1 Loans made under commitments are all outstanding loans, less repayments of principal, made under commitments currently or previously in force. 2Term 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 by detailed formal agreements specifying the terms and conditions under which a loan characterized is to be made. BLoans 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.
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