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F E D E R A L

R E S E R V E

statistical

release

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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

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

1977

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

162.9

129.7

7.5

34.8

6.6

81.7

%

32.7

August

m

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

#

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

4 |

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/ term loans
lend, other than for
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

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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.