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F E D E R A L R E S E R V E statistical release J 7 ] Vs3. 3 V - 6 - - * * * 'f*ALW& LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS 0.21 Table 1 UNUSED COMMITMENTS November, 1978 M BILUONS OF DOLLARS To commercial and industrial firms Month-end 1977 Total unused commitments 1 Formalized agreements Total Term2 Revolving 3 Other 4 Confirmed lines 5 To nonbank financial institutions April 158.8 126.0 6.7 34.8 5.7 79.6 32.8 Hay- 159.1 126.7 6.8 34.2 5.8 80.6 32.5 June 159.5 126.7 7.0 34.7 5.4 80.2 32.8 July 160.8 128.1 7.5 34.0 5.8 81.4 32.7 August 162.9 129.7 7.5 34.8 6.6 81.7 33.3 September 163.3 129.8 7.6 35.1 6.9 81.2 33.5 October 165.5 131.3 8.3 37.1 6.7 80.1 34.2 November 169.3 134.9 8.5 37.7 7.9 81.9 34.3 December 171.2 136.3 8.6 38.9 7.3 82.8 34.9 1978—January February 173.1 137.4 8.6 39.1 7.9 83.5 35.7 174.2 137.1 8.7 38.3 7.7 83.7 37.1 March 170.5 133.4 8.6 36.5 7.9 81.4 37.1 April 173.3 135.9 8.8 37.4 6.9 82.8 37.4 May 173.3 136.1 8.6 37.6 6.5 83.2 37.1 June 174.4 136.8 8.8 37.7 5.9 84.3 37.6 July 179.4 141.7 9.2 40.4 6.3 85.9 37.7 August 184.2 146.5 9.8 42.9 6.7 87.1 37.7 September 184.5 146.1 9.3 43.7 6.5 86.7 38.4 1 Unused commitments are the amounts still available for lending under official promises to tend that are expressly conveyed to the bank's customers orally or in writing, usually in the form of s 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 ioans at will with no repayment penalty and under which the commitment rebounds by an equal amount after a takedown has been repaid. ^Other commitments are expressions of willingness to lend, other than for term loans and re- i m % # 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, and 96 per cent of nonbank finance loans. Individual items may not add to totals due to rounding. G.21 Tabto 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BILLIONS O F DOLLARS T o commercial and industrial firms Total loans made under commitments1 Total 92.9 77.5 28.8 92.7 77.2 June 93.0 77.8 July 93.4 August 93.7 Month-end 1977 April May Formalized agreements Term2 Revolving 3 Other 4 Confirmed l i n e s 5 To nonbank financial institutions 15.4 28.8 19.7 20.0 5.8 23.4 23.1 29.3 19.4 5.9 23.7 15.2 78.1 29.5 19.4 5.8 23.8 15.2 78.6 29.7 19.4 6.0 23.9 15.2 7.4 24.5 16.0 6.1 15.5 September 96.0 80.0 28.9 19.6 97.6 81.5 29.8 20.0 7.3 24.8 16.1 October 97.8 81.5 29.5 20.6 24.9 16.3 November 7.1 98.4 81.6 29.7 20.4 7.8 24.2 16.9 December 97.2 81.6 29.6 20.4 7.8 24.4 15.6 98.9 83.4 30.9 20.7 7.7 24.9 15.5 101.2 85.2 30.5 21.4 7.9 25.7 16.0 21.6 8.4 25.9 15.9 8.4 26.5 16.6 1978—January February March April 104.5 88.5 32.6 May 108.0 91.4 34.1 22.3 92.3 34.2 22.6 8.6 27.0 17.1 June 109.4 109.6 34.1 23.1 8.2 26.7 17.6 July 92.0 109.9 92.2 35.3 22.7 8.4 25.8 17.6 August 112.1 94.4 35.7 23.2 8.4 27.1 17.7 September 1 Loans made under commitments are outstanding loans t o commercial and industrial firms and nonbank financial institutions, 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 http://fraser.stlouisfed.org/ lend, other than for term loans Federal Reserve Bank of St. Louis commitments are loans made under expressions of willingness to and revolving credits, that are made known to the customer and are ^ 4 | W characterized by detailed formal agreements specifying the terms and conditions under which a loan is to be made. f>Loans 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 134 wee*;-, reporting banks these banks account for approximately B5 oer cent of all cornrserciai and industrial loans, and 95 per cent of all nonbank financial loans. Individual items may not add to totals due to rounding.
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