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F E D E R A L R E S E R V E s t a t i s t i c a l r e l e a s e LOAN COMMITMENTS AT SELECTED LARGE COMMERCIAL BANKS Table 1 G 21 UNUSED COMMITMENTS September* 1978 IN BILLIONS OF DOLLARS To c o m m e r c i a l a n d i n d u s t r i a l f i r m s Month end Total unused commilmeirts1 Total Formalized agreements Term 2 Revolving 3 Oit-h^r 4 Confirmed lines 5 To n o n b a n k financial institutions For r e a l estate loans 169.5 129.7 7.5 34.8 6.6 81.7 33.3 6.5 September 170.3 129.8 7.6 35.1 6.9 81.2 33.5 7.0 October 172.9 131.3 8.3 37.1 6.7 80.1 34.2 7.3 November 177.4 134.9 8.5 37.7 7.9 81.9 34.3 8.0 December 179.2 136.3 8.6 38.9 7.3 82.8 34.9 7.9 8.2 1977—August 181.4 137.4 8.6 39.1 7.9 83.5 35.7 February 182.4 137.1 8.7 38.3 7.7 83.7 37.1 8.3 March 170.5 133.4 8.6 36.5 7.9 81.4 37.1 n.a. 1978—January j6/ A p r i l 173.3 135.9 8.8 37.4 6.9 82.8 37,4 n.a. May 173.3 136.2 8.6 37.6 6.5 83.2 37.1 n.a. June 174.4 136.8 8.8 37.7 5.9 84.3 37.6 n.a. July 179.5 141.8 9.2 40.4 6.3 85.9 37.6 n.a. I 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 writ i n * usually in the form of a formally executed agreement signed by one of the bank's officers. 2Commitnrvents for term loans are those for loans with an original maturity of more than 1 year. ^Revolving credits are commitment agreements whereby the b o n t w r may drew and repay loans at will with no repayment penalty and under which the u w w i i l i r a X nsfcwwnrti by an equal amount after a takedown has been repaid. 4()ther commitments are expressions of willingness to lend, other than for term loans and re- 1 t volving credits, that are made known to the customer and are characterized by detailed formal agreements specifying the terms and conditions under whtch a loan is to be made. ^Confirmed lines of credit represent general expressions of willingness to tend, 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 oanks account for approximately 85 per cent of commercial and industrial loans, 95 per cent of nonbank financial loans, and 75 per cent of real estate-loans of all weekly reporting banks. Individual items may not add to totals due to rounding. ^ B e g i n n i n g i n M a r c h 1 9 7 8 , t h e s u r v e y no l o n g e r i n eludes real estate loans, 1 h e t i.zures r e x i e c c s u d s t a n Lid data revisions. G.21 Takh 2 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN BILLIONS OF DOLLARS To c o m m e r c i a l and i n d u s t r i a l f i r m s Month-end 197 7 — A u g u s t September October November December 1978—January February M a r c h jj/ April May June July Total loans made under commitments Formalized agreements Total 116.6 78.6 80.0 119.0 122.0 81.5 81.5 122.5 123.6 81.6 81.6 122.4 124.0 83.4 85.2 88.5 101.2 104.5 108.0 91.4 109.4 109.1 91.6 92.4 Term2 Revolving3 29.7 28.9 29.8 19.4 19.6 20.0 20.6 23.9 24.5 16.0 15.2 Real estate loans 22.8 23.0 7.3 24.8 16.1 20.4 24.9 24.2 16.3 16.9 20.4 20.7 21.4 7.8 7.7 7.9 24.4 24.9 25.7 15.6 15.5 32.6 34.1 16.0 22.3 8.4 8.4 25.9 26.5 16.6 25.2 25.2 n.a. n.a. n.a. 34.2 33.9 23.0 8.2 26.6 17.1 17.5 n.a. n.a. 29.6 30.9 30.5 21.6 22.6 8.6 27.0 15.9 24.3 24.6 25.1 is to be made. 5Loans made under coa&rmed bmes 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. 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 down and repay loans at w i l l w i t h no repayment penalty and under wttich the commitment rebounds by an equal amount after a takedown has been repaid. NOTE.—Included in this series are 134 weekly reporting banks; these banks account for approximately 85 per cent of all commercial end industrial loans, 95 per cent of all nonbank financial loans, and 75 per cent of all real estate loans of all weekly reporting banks. Individual items may 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 ! 6.0 7.4 To nonbank financial institutions 7.1 7.8 29.5 29.7 1 Loans made under commitments are a* owWamdimg loans, less repayments of p r i n c i p a l made under commitments currently or previously an force. Other4 Confirmed lines5 not add to totals due to rounding. B e g i n n i n g in March no l o n g e r includes real estate loans. s u b s t a n t i a l data revisions. I 1978, the surve1The figures refit
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