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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 For immediate r e l e a s e May 12, 1986 Billions of dollars, seasonally adjusted Month-end Total1 term* Formalized agreements revolving3 other4 Confirmed lines5 1984—August September October November* December 359.7 364.0 366.1 365.0 365.7 17.4 17.4 16.4 16.1 15.8 181.7 186.1 188.1 188.9 192.7 9.5 9.7 9 7 9.5 8.8 151.0 150.9 152.0 150.5 148.4 1985—January February March April May June July August September October November** December*** 366.4 366.0 369.4 372.9 374.9 380.2 376.7 377.9 , 379.8 389.9 386.0 383.4r 16.3 15.5 15.8 16.2 16.4 17.5 17.0 17.0 19.0 18.4 17.3 17.4r 194.5 197.0 197.9 201.2 203.4 207.4 207.0 208.4 209.6 216.0 217.2 217.4r 8.7 8.3 8.9 9.0 9.5 9.8 9.2 8.9 9.3 9.5 8.8 8.3r 146.8 145.3 146.8 146.5 145.6 145.4 143.5 143.6 141.9 146.0 142.8 140.2r 1986—January February March 383.3r 380.Sr 375.6 17.3r 17.lr 16.7 217.8r 216.8r 214.7 8.3r 7.5r 7.5 139.8r 139.2r 136.7 f *Due to mergers, the number of large commercial banks in our surr—revised. 1. Unused commitments are the amounts still available for lending un- vey has dropped from 121 to 119, as of November 1984. Historical data der official promises tp lend that are expressly conveyed to the bank's has been revised. Individual items may not add to totals due to rounding. customers orally or in writing, usually in the form of a formally executed agreement signed by one of the bank's officers. | **A break i n s e r i e s caused d e c l i n e s of 2. Commitments for term loans are those for loans with an original | $2.5 b i l l i o n i n t o t a l l o a n s , $0.4 b i l l i o n maturity of more than one year. i n term l o a n s , $1.5 b i l l i o n i n revolving 3. Revolving credits are commitment agreements whereby the borrower c r e d i t and $0.6 b i l l i o n i n confirmed l i n e s may draw and repay loans at will with no repayment penalty and under H i s t o r i c a l d a t a has not been r e v i s e d . which the commitment rebounds by an equal amount after a takedown ***Due t o t h e merger of two banks i n has been repaid. the sample, the number of i n s t i t u t i o n s 4. Other commitments are expressions of willingness to lend, other has dropped to 118. No r e v i s i o n of than for term loans and revolving credits, that are made known to the cusdata i s necessary. tomer and are characterized by detailed formal agreements specifying the terms and conditions under which a loan is to be made. 5. 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. Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Month-end Total 1 term 2 Formalized agreements revolving* other 4 Confirmed lines 5 1984—August September October November* December 170.6 167.2 167.0 168.0 167.6 50.7 49.2 49.0 49.3 49.5 75.8 74.5 73.3 73.8 73.0 8.8 8.9 9.4 9.7 9.3 35.2 34.5 35.4 35.2 35.9 1985—January February March April May June July August September October November** December*** 167.3 171.0 171.4 170.9 172.1 171.7 173.0 173.6 173.4 171.8 171.0 170.Ir 48.4 49.2 49.7 50.0 50.0 49.9 50.6 51.2 51.8 50.6 50.4 50. Or 72.0 74.5 74.5 73.9 75.4 75.0 75.8 76.5 76.1 76.0 75.4 75.5r 9.5 9.5 9.2 9.4 9.0 9.2 9.1 9.3 9.1 9.5 8.8 9.3r 37.3 37.9 38.1 37.6 37.7 37.7 37.5 36.6 36.4 35.7 36.5 35.4r 1986—January February March 168.2r 172.2r 174.3 48.7r 49.0 49.9 74.6r 77.9r 77.5 9.2 9.3r 9.6 35.7r 36. Or 37.4 r—revised. 1. Loans made under commitments are outstanding loans to commercial and industrial firms, less repayments of principal, made under commitments currently or previously in force. 2. Term loans are loans with an original maturity of more than 1 year. 3. Loans 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. 4. Loans 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. Loans made under c o n f i r m s 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. *Due to mergers, the number of large commercial banks in our survey has dropped from 121 to 119, as of November 1984. Historical data has been revised. Individual items may not add to totals due to rounding. **A b r e a k i n a e r i e s caused d e c l i n e s of $ 1 . 3 b i l l i o n i n t o t a l l o a n s , $0.6 b i l l i o n i n term l o a n s , $0.5 b i l l i o n i n r e v o l v i n g c r e d i t and $0.2 b i l l i o n i n confirmed l i n e s . H i s t o r i c a l d a t a has not been r e v i s e d . ¥**Due t o t h e merger of two banks i n t h e s a m p l e , t h e number of i n s t i t u t i o n s h a s dropped t o 118. No r e v i s i o n of data i s necessary. X Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total 1 term* Formalized agreements revolving 3 other 4 0? Confirmed lines 5 1984—August September October November* December 362.7 363.3 365.6 366.0 367.0 17.7 17.1 16.3 16.4 16.1 185.0 187.4 189.6 190.2 193.1 9.4 9.5 9.6 9.5 8.9 tp 150.5 - 149 3 150.2 > 149 9 - 149.0 1985—January February March April May June July August September October November** December*** 368.3 367.1 368.8 370.9 372.0 375.8 378.3 381.4 379.3 389.6 387.3 384.7 16.2 15.4 15.9 16.1 16.3 17.4 17.2 17.3 18.6 18.3 17.5 11.IT 194.9 196.4 196.3 199.0 200.4 204.9 208.5 212.1 211.1 217.7 218.7 217.8r 9.1 8.8 8.9 9.1 9.4 9.0 8.6 8.8 9.1 9.4 8.8 8.4r - 148.1 3i. 146.6 147.7 \ 146.6 145.9 144.4 144 0 143.2 140.5 144.3 142.2 140.8r 1986—January February March 385.2r 381.5r 374.8 17.2r 17. Or 16.7 218.3r 216.2r 213.0 ,1 OU . m .M 8 7r 7.9r 7.6 - ! NOTE: S e e Table 1 for footnotes. **See Table 1 f o r break i n s e r i e s . break a d j u s t m e n t s a r e e q u a l . A f t e r r o u n d i n g , t h e s e a s o n a l l y and not s e a s o n a l l y a d j u s t e d 141»Or 140* 4 r 137.5 Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total1 term2 Formalized agreements revolving3 other4 Confirmed lines5 1984—August September October November* December 167.8 168.1 167.0 169.3 171.2 50.5 49.3 49.2 49.1 49.8 73.3 73.9 72.3 74 4 75.8 8.8 8.9 9.2 9.6 9.3 35.2 36.0 36.4 36.2 36.3 1985—January February March April May June July August September October November** December*** 168.4 170.2 ,171.5 171.0 171.4 171.1 170.5 170.7 174.4 171.7 172.3 173.8r 48.5 49.1 49.5 50.1 50.1 49.8 50.7 50.9 51.9 50.8 50.2 50.2r 74.3 74.8 75.1 74.2 75.0 74.4 73 8 73.9 75.5 75.0 76.0 78.4 9.5 9.4 9.1 9.5 9.2 9.4 9.1 9.3 9.0 9.3 8.7 9.4 36.2 36.9 37.7 37.2 37.2 37.5 36.9 36.7 38 0 36.7 37 5 35.8r 1986—January February March 169.4r 171.5r 174.5 48.6k 49.0 49.8 76.9 78.2 78.2 9. l r 9.2r 9.5 34 6r 35. l r 37.0 NOTE: See Table 2 for footnotes. **See Table 2 f o r b r e a k i n s e r i e s . break adjustments a r e e q u a l . A f t e r r o u n d i n g , t h e s e a s o n a l l y and not s e a s o n a l l y a d j u s t e d
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