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# ••^OfCOw-. • • FEDERAL RESERVE statist <P * release LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS G 21 Table 1 UNUSED COMMITMENTS IN BILLIONS OF DOLLARS May 2, 1977 To c o m m e r c i a l and i n d u s t r i a l f i r m s Month-end Total unused commitments Formalized agreements Total Term2 3 Other4 To n o n b a n k financial institutions For real estate loans 34.7 34.5 35.1 35.1 5,1 5.0 5.1 5.0 74.6 74.6 74.7 74.6 34.6 5.2 74.9 35.1 34.5 4.7 4.6 75.5 74.3 35.4 35.3 75.9 76.0 123.8 124.4 123.5 6.3 6.3 6.4 6.5 6.5 4.8 4.8 35.0 35.6 36.1 4.8 4.9 5.1 77.6 77.4 75.8 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 5.4 165.9 128.2 6.4 35.2 5.2 81.3 164.8 127.2 6.5 35.0 5.3 80.4 32.6 32.6 5.1 5.0 197 6—January February March April May June July August September October November December 156.9 156.2 158.1 161.6 162.7 161.2 1977—January February 157.6 158.1 120.6 120.1 121.1 120.7 120.7 158.3 156.3 121.5 119.4 160.0 160.1 122.4 122.4 6.2 6,1 6.2 6,0 6.0 6.2 6.1 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. 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. 4Qther commitments are expressions of willingness to lend, other than for term loans and re Revolving Confirmed lines5 31.8 31.6 32.1 32.3 32.6 31.9 32.0 32.6 32.7 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 13j5, 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. 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 and i n d u s t r i a l f i r m s Month-end Total l o a n s made under commitments1 Formalized a g r e e m e n t s Total Term 2 Revolving 3 Other4 Confirmed lines5 To n o n b a n k financial institutions Real estate loans L976—January February March April May June July August September October November December 122.1' 81.8 28.9 23.4 5.7 23.8 19.2 21.1 121,3 119.4 117.8 117.2 117.8 80.7 79.2 78.3 77.7 22.9 78.4 28.7 28.3 28.1 27.9 27.8 21.9 21.9 21.8 21.8 5.5 5.7 5.6 5.7 5.9 23.8 23.3 22.7 22.4 22.9 19.6 18.8 18.1 17.9 17.8 21.0 21.4 21.5 21.7 21.6 115.3 115.2 117.3 76.8 76.8 78.6 27.8 27.7 28.3 21.0 21.2 21.5 5.3 5.3 5.7 22.7 22.5 23.1 117.5 117.6 28.6 28.5 21.4 21.1 5.6 5.8 23.3 24.2 21.5 21.5 21.9 21.8 21.3 118.7 78.9 79.5 80.6 17.0 16.9 16.8 16.8 16.7 28.5 20.9 5.6 25.6 16.3 21.8 1977—January February 115.8 115.9 77.7 78.7 28.2 20.5 5.6 23.4 16.5 21.5 28.7 20.6 5.6 23.9 15.6 21.6 1 Loans made under commitments are all outstanding loans, less repayments of principal, made under commitments currently or previously in force. 2jerm 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 amotmt after a takedown has been repaid. 4|_oans 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 detailed formal agreements specifying the terms and conditions under which a loan characterized by is to be made. 5Loans 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.
