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FEDERAL RESERVE statistical release mil LOAN COMMITMENTS AT SELECTED LARGE COMMERCIALimmediate r e l e a s e BANKS .. . For t.21 Table 1 UNUSED COMMITMENTS September 15, 1975 IN BILLIONS OF DOLLARS T o commercial Month-end Total unused commitments 1 Total Te r m 2 To n o n b a n k financial institutions For real estate loans 5.9 5.7 5.4 6.3 6.2 6.1 30.4 31.0 31.2 4.3 4.5 4.3 68.3 70.3 70.6 31.1 31.4 30.3 5.1 5.1 6.0 32.3 4.3 71.8 30.5 4.9 June 109.3 111.9 112.3 July 149.8 114.4 6.1 6.0 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 ;n the f o r m of a f o r m a l l y executed agreement signed by one of the bank's officers. ^ C o m m i t m e n t s for term loans are those for loans w i t h an original maturity of more than 1 year. ^Revolving credits are c o m m i t m e n t agreements whereby the borrower may draw and repay loans at will mtr no repayment penalty and under which the c o m m i t m e n t rebounds by an equal amount after a t5Kecown nas been repaid. 4 Confirmed lines 5 29.6 31.0 30.7 145.7 148.4 147.7 O t h e r commitments are expressions of willingness to lend, other than for term loans and re- R e v i s e d . r Other 4 66.5 66.4 66.9 6.2 May Revolving 3 4.4 4.2 105.0 105.6 106.5 April i n d u s t r i a l firms 27.9 28.7 29.3 140.5 142.3 142.6 1975--January February March and Formalized agreements 5.3 volving credits, that are made k n c w n to the customer and are characterized by detailed formal agreements specifying the terms arc zee : jr-der wmch a loan < to be made. s ^Confirmed lines of credit represent genera; expressions of willingness to lend, other than for term loans or revolving credits, that are mace known to the customer but are not characterized by detailed formal agreements specifying me terms and conditions under which a loan s to be made. NOTE. - I n c l u d e d in this series are 138 weekly reporting banks, these banks account "or approximately 85 per cent of commercial and industrial loans. 95 per cent of n o n p a r * financal loans, and 75 per cent of real estate loans of all weekly reporting banks. :nd;v due: :e~s may not add to totals due to rouncing. Table 2 G.21 OUTSTANDING LOANS MADE UNDER COMMITMENTS AT SELECTED LARGE BANKS IN B I L L I O N S OF D O L L A R S To c o m m e r c i a l a n d i n d u s ' n a i f i r m s Month-end Formalized agreements Total loans made under commitments 1 Term/ Revolving 3 28.8 136.9 135.0 133.4 93.8 91.5 90.2 27.0 26.9 89.4 86.5 June 132.2 128.9 130.2 86.6 27.3 26.9 27.0 27,9 26.7 26.7 July 128.2 85.2 27.5 26.3 197 5 - - J a n u a r y February March A p r i l May To n o n b a n k Total 26.6 27.7 28.0 Other4 6.6 6.5 Confirmed 11 n o c; 5 Real financial institutions estate loans 20.8 31.5 30.5 29.5 22.4 5.8 5.8 6.0 28.2 27.1 27.1 22.1 21.9 22.9 20.7 20.5 20.5 5.5 26.0 22.1 20.9 6 , 1 22.6 22.8 20.8 20.4 # 1 Loans made under commitments are a': outstanding loans, less repayments of p r i n c o a L mace under c o m m i t m e n t s currently or previously in force. 2Term loans are loans w i t h an original m a r u n t y o- more rhan 1 year. 3Loans made under r<». , t r ^ % ' u draw down and repay IOdnr • /. witr ' -;a/ment rebounds hy an eouat amoun" .rter g takedown nas nepn t »ients whereby the borrower mav n a l t , and under which the c o m m i t m e n t ,r 1 4Loans made unuzv >mitr r e .od"' under expression-; of wiilinqness to lend, other than to c " 'o - * 3. i r c 'o v, i c v d i t s that are made known to the customer and are r e \ i I" ' *or character : - d h\ - s' T i T v i g e ^ - r d conditions under w h i c h a loan s w be made. 5Loans made under confirmed hr-es of credit are -Odns mude under genera! expressions of ngness to -• nd, other than for term Ioa^s or •-•g cred'ts, that are made k n o w n to the customer but are not characterized by detailed ' c — = - ; ' f e ^ - e n : s specifying the terms and conditions unoer which a loan is to be made. N O T E . - i n c l u d e d in this series are 138 weekly report, ng banks; these banks account a: p r o 3 1 £ • 55 cer cent of all commercial and industrial loans. 95 per cent of all nonoank iudns cent of all real estate loans of all weekly reporting hanks. M d i v d u a i : e - s —a, not a-T. t : to rounding. 1