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FEDERAL RESERVE statistical release [in • f*AL Rt^>V G.21 (423) COMMERCIAL AND INDUSTRIAL LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 UNUSED COMMITMENTS Billions of dollars, seasonally adjusted Month-end Total1 term2 Formalized agreements revolving^ F o r immediate r e l e a s e October 9, 1985 Confirmed other4 lines5 1984—January* February March April May June July August September October November** December 350.5 350.4 361.3 363.3 364.5 363.3 356.5 359.7 364.0 366.1 365.0 365.7 15.5 15.5 15.7 15.5 16.6 16.9 16.6 17.4 17.4 16.4 16.1 15.8 176.2 177.7 187.2 190.3 189.2 186.7 181.0 181.7 186.1 188.1 188.9 192.7 8.5 8.1 8.9 8.8 9.0 9.7 10.3 9.5 9.7 9.7 9.5 8.8 150.3 149.1 149.5 148.8 149.7 150.0 148.6 151.0 150.9 152.0 150.5 148.4 1985—January February March April May June July Augus t 366.4 366.0 369. 4 372.9 374.9 380.2r 376. 7 378.5 16.3 15.5 15.8 16.2 16.4 17.5 17.0 17.2 194.5 197.0 197.9 201.2 2 0 3 .4 207.4 207.0 208.1 8.7 8.3 8.9 9.0 9.5 9.8 9.2 8.9 146.8 145.3 146.8 146.5 145.6 145.5 143.5 144.4 r—revised. 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. 2. Commitments for term loans are those for loans with an original maturity of more than one year. 3. Revolving 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. 4. Other commitments are 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. 5. 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. *A merger between a reporting bank and a nonreporting bank caused a break in series in January 1984. Unused C&l commitments were increased by $0.5 billion. The increase in unused C&l commitments was concentrated in confirmed lines, which increased $0.4 billion. Revisions to back data are not available. **Due to mergers, the number of large commercial banks in our survey has dropped from 121 to 119, as of November 1984. Historical data has been revised. Individual items may not add to totals due to rounding. Table 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, seasonally adjusted Month-end Total1 term2 Formalized agreements revolving3 other4 Confirmed lines5 1984—January* February March April May June July Augus t September Oc t o b e r November** December 151.8 156.4 161.4 165.4 167.1 170.2 171.0 170.6 167.2 167.0 168.0 167.6 49.4 50.1 51.5 51.3 51.2 51.7 50.5 50.7 49.2 49.0 49.3 49.5 61.6 64.0 66.1 68.2 70.8 72.9 76.1 75.8 74.5 73.3 73.3 73.0 8.1 8.4 8.5 8.7 8.6 9.0 8.6 8.8 8.9 9.4 9.7 9.3 32.8 34.0 35.3 37.3 36.5 36.7 35.8 35.2 34.5 35.4 35.2 35.9 1985—January February March April May June July Augus t 167.3 171.0 171.4 170.9 172.1 171.7 172.9 174.3 48.4 49.2 49.7 50.0 50.0 49.9 50.5 51.6 72.0 74.5 74.5 73.9 75.4 75.0 75.8 76.6 9.5 9.5 9.2 9.4 9.0 9.2 9.1 9.3 37.3 37.9 38.1 37.6 37.7 37.7 37.5 36.8 r—revised. 1. Loans made under commitments are outstanding loans to commercial and industrial firms, less repayments of principal, made under commitments currently or previously in force. 2. Term loans are loans with an original maturity of more than 1 year. 3. Loans 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. 5. 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. * A merger between a reporting bank and a nonreporting bank caused a break in series in January 1984. Outstanding C&l loans made under commitments were increased by $0.2 billion. The increase in outstanding loans was concentrated in confirmed lines, which increased $0.2 billion. Revisions to back data are not available. **Due to mergers, the number of large commercial banks in our survey has dropped from 121 to 119, as of November 1984. Historical data has been revised. Individual items may not add to totals due to rounding. Table 3 UNUSED COMMITMENTS Billions of dollars, not seasonally adjusted Month-end Total1 term% Formalized agreements revolving* 1984—January* February March April May June July Augus t September Oc t o b e r November** December 352.5 351.6 360.8 361.5 361.8 359.1 357.9 362.7 363.3 365.6 366.0 367.0 15.4 15.4 15.8 15.4 16.5 16.8 16.8 17.7 17.1 16.3 16.4 16.1 176.5 177.1 185.7 188.2 186.4 184.4 182.3 185.0 187.4 189.6 190.2 193.1 8.9 8.6 8.9 8.9 9.0 8.9 9.7 9.4 9.5 9.6 9.5 8.9 1985—January February March April May June July Augus t 368.3 367.1 368.8 370.9 372.0 375.8 378.3r 382.0 16.2 15.4 15.9 16.1 16.3 17.4 17.2 17.5 194.9 196.4 196.3 199.0 200.4 204.9 208.5 211.9 9.1 8.8 8.9 9.1 9.4 9.0 8.6 8.8 NOTE: See Table 1 for footnotes. Confirmed lines5 other4 , 151.7 150.4 150.3 149.0 150.0 148.9 149.2 150.5 149.3 150.2 149.9 149.0 148.1 146.6 147.7 146.6 145.9 144.4r 144.Or 143.9 Table 4 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS Billions of dollars, not seasonally adjusted Month-end Total1 term2 Formalized agreements revolving3 other4 Confirmed lines5 1984—January* February March April May June July Augus t September October November** December 152.8 155.7 161.5 165.4 166.4 169.7 168.6 167.8 168.1 167.0 169.3 171.2 49.5 50.1 51.4 51.4 51.3 51.6 50.7 50.5 49.3 49.2 49.1 49.8 63.5 64.2 66.7 68.5 70.4 72.4 74.1 73.3 73.9 72.3 74.4 75.8 8.0 8.3 8.5 8.7 8.7 9.2 8.7 8.8 8.9 9.2 9.6 9.3 31.8 33.1 35.0 36.9 36.0 36.5 35.1 35.2 36.0 36.4 36.2 36.3 1985—January February March April May June July Augus t 168.4 170.2 171.5 171.0 171.4 171.1 170.5 171.5 48.5 49.1 49.5 50.1 50.1 49.8 50.7 51.3 74.3 74.8 75.1 74.2 75.0 74.4 73.8 74.0 9.5 9.4 9.1 9.5 9.2 9.4 9.1 9.3 36.2 36.9 37.7 37.2 37.2 37.5 36.9 36.9 NOTE: See Table 2 for footnotes.
