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F E D E TOI L R E S E R V E statistical release Ra (1.21(423) LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS October, 1979 IN BILLIONS OF DOLLARS To oommerclal and industrial flrm» Month-end . Total unused commftnents 1 Formalized agreements Total Term2 RevoMng3 Other 4 Confirmed lines6 To nonbank financial institutions 1978—February March April May June July August September October November December 174.0 170.3 173.1 173,1 174.2 179.2 184.0 185.0 185.4 190.0 194.0 137.0 133.3 135.7 136.0 136.6 141.6 146.4 146.6 147.4 151.4 154.4 8.7 8.6 8.7 8.5 8.8 9.2 9.7 9.3 9.4 9.9 10.6 38.3 36.5 37.4 37.5 37.7 40.4 42.9 43.6 43.5 45.3 46.3 7.7 7.9 6.9 6.5 5.9 6.3 6.7 6.5 6.5 6.9 7.3 83.6 81.3 82.7 83.1 84.2 85.8 87.1 87.2 87.9 89.3 90.2 37.0 37.0 37,3 37.1 37.6 37.6 37.7 38.4 38.1 38.7 39.6 1979—January February March April May June July August 199.2 200.4 204.0 203.9 207.4 210.0 211.3 216.0 158.4 158.9 162.2 162.8 165.8 167.8 169.4 174.4 10.9 10.8 11.2 11.1 11.5 11.6 11.4 12.1 48.0 48.2 49.4 49.6 49.7 49.2 50.0 52.3 7.6 7.5 7.8 7.1 7.6 6.9 7.7 8.4 91.9 92.3 93.9 95.0 96.9 100.1 100.2 101.6 40.9 41.5 41.8 41.1 41.7 42.2 41.9 41.6 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 ere 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. 40ther commitments are expressions of willingness to lend, other than for term loans and re 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 134 weekly reporting banks; these banks account for approximately 85 per cent of commercial and industrial loans, and 96 per cent of nonbank financial loans. Individual items may not add to totals due to rounding. 0.21(423) Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BILLIONS OF DOLLARS To commercial and Industrial Ihms Month-end 1978—February Total loans made under commitments1 Focmaized agreements Total Term 2 Other 4 Revolving? . Confirmed lines 6 To nonbank financial Institutions 98.6 83.2 30.8 20.7 7.6 24.9 15.4 March 100.9 85.0 30.5 April May 104.2 107.8 88.3 91.2 32.5 34.0 21.3 21.6 22.3 7.9 8.4 8.4 25.7 25.9 26.4 15.9 15.9 16.5 June July 109.2 109.4 92.1 91.8 34.1 34.0 22.5 23.0 8.5 8.1 26.9 26.6 17.6 22.7 8.4 25.8 17.5 . August 17.0 109.6 92.0 35.2 September 111.7 94.0 113.5 95.2 23.2 23.4 8.3 8.7 26.9 October 35.6 35.9 27.1 17.7 18.4 November 115.1 96.9 36.1 24.2 9.0 27.5 18.2 December 116.9 98.5 36.8 25.2 9.2 27.3 18.4 17.6 1979—January 115.3 97.7 37.6 25.2 8.9 25.9 February 116.9 99.6 37.9 25.9 8.8 26.9 17.3 March 119.4 102.2 26.7 9.0 27.9 17.2 April 121.7 104.1 38.6 39.1 27.2 9.3 28.5 17.7 May 104.7 9.5 28.5 107.5 39.3 39.7 27.5 June 122.2 126.1 28.1 9.8 30.0 17.6 18.6 July 126.3 108.3 40.4 28.3 9.7 29.9 18.1 August 129,4 110.4 40.7 28.7 10.4 30.6 19.0 1 Loans made under commitments are outstanding loans to 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. 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. Sloans 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.-lncluded in this series are 134 weekly reporting banks; these banks account for approximately 85 per cent of all commercial and industrial loans, and 05 per cent of all nonbank financial loans. Individual items may not add to totals due to rounding. • # e t a