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FEDERAL RESERVE statistical release
G.21 (423)

COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS
AT SELECTED LARGE COMMERCIAL BANKS
Table 1
UNUSED COMMITMENTS
Billions of dollars, seasonally a d j u s t e d
Month-end

For immediate r e l e a s e
March 8, 1985
Total 1

Formalized a g r e e m e n t s
revolving*

term2

other 4

Confirmed
lines 5

143.5r
142.3r
144.8r
148.5r
149.8r
150.6r
149.lr

1983—June*
July
August
September
October
November
December

331.3r
329.Or
332.lr
340.lr
345.3r
347.5r
347.6r

15.3r
14.9r
15.3
16.Or
16.4
15.6r
15.7r

162.2r
162.Or
161.8r
165.6r
168.5r
170.9r
172.5r

10.4
9.8

1984—January**
February
March
April
May
June
July
August
September
October
November***
December

350.5r
350.4r
361.3r
363.3
364.5
363.3r
356.5
359.7r
364.Or
366.1
365.0
366.6r

15.5r
15.5r
15.7r
15.5
16.6
16.9r
16.6
17.4
17.4
16.4
16.1
16.1

176.2r
177.1T
187.2r
190.3
189.2
186.7
181.0
181.7
186.1
188.1
188.9
193.2r

8.5

9.0
9.7
10.3
9.5
9.7
9.7
9.5
9.Or

150.3r
149.lr
149.5r
148.8
149.7
150.0
148.6
151.0
150.9r
152.0
150.5
148.2r

1985—January

367.9

16.7

195.4

9.0

146.9

r—revised.
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 to lend that are expressly conveyed to the b a n k ' s
c u s t o m e r s orally or in writing, usually in t h e form of a formally e x e c u t e d
a g r e e m e n t signed by o n e of t h e b a n k ' s officers.
2. C o m m i t m e n t s for term l o a n s are t h o s e for loans with an original
maturity of more than o n e year.
3. Revolving credits are commitment a g r e e m e n t s whereby the borrower
may draw and repay loans at will with no repayment penalty and under
which the commitment r e b o u n d s by an equal a m o u n t after a takedown
h a s been repaid.
4. Other c o m m i t m e n t s are e x p r e s s i o n s of willingness to lend, other
than for term loans and revolving credits, that 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 t e r m s and conditions under which a loan is to be made.
5. Confirmed lines of credit represent general e x p r e s s i o n s of willingn e s s to lend, other than for term loans or revolving credits, that are m a d e
known to the customer but are not characterized by detailed formal agreem e n t s specifying t h e t e r m s and conditions under which a loan is to be
made.




10.1

10.1
10.5
10.5
10.3

8.1

8.9

8.8

*Bank reclassifcations of unused loan c o m m i t m e n t s produced a break
in s e r i e s in J u n e 1983. In J u n e 1983, c o m m i t m e n t s to C&l firms were lowered by $3.0 billion. The correction of c o m m i t m e n t s to C&l firms included
a drop in term loan c o m m i t m e n t s of $0.3 billion, an increase of $2.5 billion in revolving credit commitments, and a decline of $5.3 billion in other
c o m m i t m e n t s , respectively. Revisions to back d a t a are not available.
**A merger between a reporting bank and a nonreporting bank c a u s e d
a break in series in J a n u a r y 1984. Unused C&l c o m m i t m e n t s were inc r e a s e d by $0.5 billion. The i n c r e a s e in unused C&l c o m m i t m e n t s w a s
c o n c e n t r a t e d in confirmed lines, which increased $0.4 billion. Revisions
to back d a t a are not available.
***Due to mergers, the number of large commercial banks in our survey h a s dropped from 121 to 119, a s of November 1984. Historical data
h a s been revised.
Individual items may not add to t o t a l s d u e to rounding.

Table 2
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, seasonally a d j u s t e d
Month-end

Total 1

term 2

Formalized a g r e e m e n t s
revolving^

other 4

Confirmed
lines 5

1983—June*
July
August
September
October
November
December

151.4r
150.8r
150.5r
148.8r
149.5r
149.8r
153.6r

48.5r
48.7r
49.3r
48.2r
48.6r
49.4r
50.5r

62.8r
62.7r
62.4r
62.Or
62.Or
61.3r
62.8r

8.0
7.8
7.9
8.2
8.4
9.0
8.8

32.2r
31.7r
30.9r
30.4r
30.6r
30.2r
31.5r

1984—January**
February
March
April
May
June
July
August
September
October
November***
December

151.8r
156.4r
161.4r
165.4r
167.lr
170.2r
171.0
170.6
167.2r
167.Or
168.Or
167.8r

49.4r
50.lr
51.5r
51.3r
51.2r
51.7r
50.5r
50.7r
49.2r
49.Or
49.3r
49.6r

61.6r
64.Or
66. lr
68.2
70.8
72.9r
76.lr
75.8r
74.5r
73.3
73.8
73.Or

8.1
8.4
8.5
8.7
8.6
9.0
8.6
8.8
8.9
9.4
9.7
9.4

32.8r
34.Or
35.3r
37.3
36.5
36.7
35.8
35.2
34.5
35.4
35.2
35.9

1985—January

168.1

48.6

72.3

9.9

37.3

r—revised.
1. Loans m a d e under c o m m i t m e n t s are outstanding loans to commercial and industrial firms, less r e p a y m e n t s of principal, m a d e under commitments currently or previously in force.
2. Term loans are loans with an original maturity of more than 1 year.
3. Loans m a d e under revolving credits are loans under a g r e e m e n t s
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 h a s been repaid.
4. Loans made under other commitments are loans made under expressions of willingness to lend, other t h a n for term loans and revolving
credits, that are m a d e known to t h e c u s t o m e r and are characterized by
detailed formal a g r e e m e n t s specifying the terms and conditions under
which a loan is to be made.
5. Loans m a d e under confirmed lines of credit are loans m a d e under
general e x p r e s s i o n s of willingness to lend, other than for term loans or
revolving credits, that are m a d e known to the customer but are not characterized by detailed formal a g r e e m e n t s specifying t h e terms and conditions under which a loan is to be m a d e .




<

* J u n e 1983 data reflect breaks in series owing to bank declassifications
of outstanding loans. In J u n e 1983, loans to commercial and industrial
firms were lowered by $1.6 billion. The correction of outstanding commercial and industrial loans lowered term loans by $0.3 billion, raised
revolving credit loans by $1.5 billion, and reduced other loans by 2.8 billion. Revisions to back d a t a are not available.
* * A merger between a reporting bank and a nonreporting bank c a u s e d
a break in series in January 1984. Outstanding C&l loans made under commitments were increased by $0.2 billion. The increase in outstanding loans
w a s concentrated in confirmed lines, which increased $0.2 billion. Revis i o n s to back d a t a are not available.
***Due to mergers, the number of large commercial banks in our survey h a s dropped from 121 to 119, a s of November 1984. Historical data
h a s been revised.
Individual items may not add to t o t a l s due to rounding.

Table 3
UNUSED COMMITMENTS
Billions of dollars, not seasonally a d j u s t e d

Month-end

Total1

2

term

Formalized agreements
revolving3

other4
9.5
9.2
10.0
9.9
10.4
10.5
10.4

Confirmed
lines5
142.4r v
142.9r
144.4r
147.Or
148.Or
150.Or
149.7r

1983—June*
July
August
September
October
November
December

327.4r
330.2r
334.7r
339.3r
344.6r
348.4r
348.9

15.1
15.lr
15.6r
15.7r
16.3r
15.8r
15.9r

160.3r
163.lr
164.7r
166.7r
169.9r
172.lr
172.8r

1984—January**
February
March
April
May
June
July
August
September
October
November***
December

352.5r
351.6r
360.8r
361.5
361.8
359.lr
357.9
362.7r
363.3r
365.6
366.0
367.8r

15.4r
15.4r
15.8r
15.4
16.5
16.8r
16.8
17.7
17.lr
16.3
16.4r
16.4r

176.5r
177.lr
185.7r
188.2
186.4
184.4
182.3
185.0
187.4
189.6
190.2
193.6r

8.9
8.6
8.9
8.9
9.0
8.9
9.7
9.4 '
9.5
9.6
9.5
9.Or

151.7r
150.4r
150.3r
149.0
150.0
148.9
149.2
150.5
149.3
150.2r
149.9
148.8r

1985—January

369.9

16.6

195.8

9.3

148.2

NOTE: S e e Table 1 for f o o t n o t e s .




Table 4
OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
Billions of dollars, not seasonally adjusted

Month-end

Total1

term*

Formalized agreements
revolving3

other4

Confirmed
lines5

1983—June*
July
August
September
October
November
December

150.9r
148.8r
148.lr
149.6r
149.5r
150.9r
156.8r

48.4r
48.9r
49. Or
48.3r
48.7r
49.2r
50.7r

62.4r
61.Or
60.3r
61.5r
61.2r
61.8r
65.3r

8.2
7.9
7.8
8.1
8.3
8.9
8.9

32.0r
31.lr
31.Or
31.7r
31.4r
31.lr
32.Or

1984—January**
February
March
April
May
June
July
August
September
October
November***
December

152.8r
155.7r
161.5r
165.4r
166.4r
169.7r
168.6r
167.8
168.lr
167.Or
169.3r
171.4r

49.5r
50.lr
51.4r
51.4r
51.3r
51.6r
50.7r
50.5r
49.3r
49.2r
49. l r
49.8r

63.5r
64.2r
66.7r
68.5
70.4
72.4r
74.lr
73.3r
73.9r
72.3
74.4
75.8r

8.0
8.3
8.5
8.7
8.7
9.2
8.7
8.8
8.9
9.2
9.6
9.5

31.8r
33.lr
35.Or
36.9
36.0
36.5
35.lr
35.3
36.0
36.4
36.2
36.3r

1985—January

169.2

48.6

74.6

9.8

36.2

NOTE: See Table 2 for footnotes.