Full text of G.21 Commercial and Industrial Loan Commitments at Selected Large Commercial Banks : October 1979

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FEDERAL RESERVE statistical release
LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS
0.21(423)

Table 1

UNUSED COMMITMENTS

For immediate release

IN BILLIONS OF DOLLARS

October 31, 1979

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

1979—March
April
May
June
July
August
September
October
November
December

170.3
173.1
173.1
174.2
179.2
184.0
185.0
185.4
190.0
194.0

133.3
135.7
136.0
136.6
141.6
146.4
146.6
147.4
151.4
154.4

8.6
8.7
8.5
8.8
9.2
9.7
9.3
9.4
9.9
10.6

36.5
37.4
37.5
37.7
40.4
42.9
43.6
43.5
45.3
46.3

7.9
6.9
6.5
5.9
6.3
6.7
6.5
6.5
6.9
7.3

81.3
82./
83.1
84.2
85.8
87.1
87.2
87.9
89.3
90.2

37.0
37.3
37.1
37.6
37.6
37.7
38.4
38.1
38.7
39.b

1979—January
February
March
April
May
June
July
August
September

199.2
200.4
204.0
203.9
207.4
210.0
211.3
216.0
218.9

158.4
158.9
162.2
162.8
165.8
167.8
169.4
174.4
176.1

10.9
10.8
11.2
11.1
11.5
1 1.6
11.4
12.0
12.4

48.0
48.2
49.4
49.6
49.7
49.2
50.0
52.2
52.9

7.6
7.5
7.8
7.1
7.6
6.9
7.7
8.4
8.6

91.9
92.3
93.9
95.0
96.9
100.1
100.2
101.7
102.2

40.8
41.5
41.8
41.1
41.7
42.2
41.9
41.6
42.8

1 Unused c o m m i t m e n t s are t h e amounts still available for lending under official promises t o
lend t h a t are expressly conveyed t o t h e bank's customers orally or in w r i t i n g , usually in the f o r m o f
a f o r m a l l y executed agreement signed b y one o f the bank's officers.
^ C o m m i t m e n t s for t e r m loans are those f o r loans w i t h an original m a t u r i t y of more t h a n 1 year.
^ R e v o l v i n g credits are c o m m i t m e n t agreements whereby the b o r r o w e r may draw and repay
loans at w i l l w i t h no repayment penalty and under w h i c h the c o m m i t m e n t rebounds b y an equal
a m o u n t after a t a k e d o w n has been repaid.
4 0 t h e r c o m m i t m e n t s are expressions o f willingness t o lend, o t h e r t h a n f o r t e r m loans and re-




volving credits, t h a t are made k n o w n t o the customer and are characterized by detailed f o r m a l
agreements specifying the terms and c o n d i t i o n s under w h i c h a loan is t o be made.
^ C o n f i r m e d lines o f credit represent general expressions o f willingness t o lend, o t h e r than f o r
t e r m loans o r revolving credits, t h a t are made k n o w n t o t h e customer b u t are not characterized b y
detailed f o r m a l agreements specifying t h e terms and c o n d i t i o n s under w h i c h a loan is t o be made.
N O T E . - I n c l u d e d in this series are 134 w e e k l y reporting banks; these banks account f o r
a p p r o x i m a t e l y 85 per cent o f commercial and industrial loans, and 9 5 per cent o f nonbank financial
loans. Individual items may n o t add t o totals due t o rounding.

0.21 (423),

Table 2

OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS
IN BILLIONS OF DOLLARS
To commercial and industrial firms
Month-end

Total loans
made under
commitments1

Formalized agreements
Total

Term2

Revolving 3

Other 4

Confirmed lines

5

To nonbank
financial
institutions

1979—March
April
May
June
July
August
September
October
November
December

100.9
104.2
107.8
109.2
109.4
109.6
111.7
113.5
115.1
116.9

85.0
88.3
91.2
92.1
91.8
92.0
94.0
95.2
96.9
98.5

30.5
32.5
34.0
34.1
34.0
35.2
35.6
35.9
36.1
36.8

21.3
21.6
22.3
22.5
23.0
22.7
23.2
23.4
24.2
25.2

7.9
8.4
8.4
8.5
8.1
8.4
8.3
8.7
9.0
9.2

25.7
25.9
26.4
26.9
26.6
25.8
26.9
27.1
27.5
27.3

15.9
15.9
16.5
17.0
17.6
17.5
17.7
18.4
18.2
IS.4

1979—January
February
March
April
May
June
July
August
September

115.3
116.9
119.4
121.7
122.3
126.1
126.3
129.4
132.9

97.7
99.6
102.2
104.1
104.7
107.5
108.3
110.4
114.6

37.6
37.9
38.6
39.1
39.3
39.7
40.4
40.7
41.4

25.2
25.9
26.7
27.2
27.5
28.1
28.3
28.7
30.0

8.9
8.8
9.0
9.3
9.5
9.8
9.7
10.4
10.6

25.9
26.9
27.9
28.5
28.5
30.0
29.9
30.6

17.6

32.6

18.3

1 Loans made under commitments are outstanding loans t o commercial and industrial firms
and nonbank financial institutions, less repayments o f principal, made under commitments currently or previously in force.
2 j e r m loans are loans w i t h an original maturity of more than 1 year.
3Loans made under revolving credits are loans under agreements whereby the borrower may
draw d o w n and repay loans at w i l l w i t h no repayment penalty and under which the c o m m i t m e n t
rebounds by an equal amount after a takedown has been repaid.
4Loans made under other commitments are loans made under expressions of willingness to
lend, other than for term loans and revolving credits, that are made k n o w n to the customer and are




17.2
17.2
17.7
17.6
18.6
18.1
19.0

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 t o lend, other than for term loans or revolving credits, that are made k n o w n t o the customer but are not characterized by detailed formal agreements specifying the terms and conditions
under which a loan is to be made.
N O T E . - I n c l u d e d in this series are 134 weekly reporting banks; these banks account for
approximately 85 per cent of all commercial and industrial loans, and 95 per cent of all nonbank
financial loans. Individual items may not add to totals due t o rounding.