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C » Topics » Loan Commitments

This excerpt taken from the C 10-K filed Feb 23, 2007.

Loan Commitments

 

In millions of dollars at year end   2006    2005

One- to four-family residential mortgages

   $ 3,457    $ 3,343

Revolving open-end loans secured by one- to four-family residential properties

     32,449      25,089

Commercial real estate, construction and land development

     4,007      2,283

Credit card lines (1)

     987,409      859,504

Commercial and other consumer loan commitments (2)

     439,931      346,444

Total

   $ 1,467,253    $ 1,236,663

 

(1) Credit card lines are unconditionally cancelable by the issuer.
(2) Includes commercial commitments to make or purchase loans, to purchase third-party receivables, and to provide note issuance or revolving underwriting facilities. Amounts include $251 billion and $179 billion with original maturity of less than one year at December 31, 2006 and 2005, respectively.

 

The majority of unused commitments are contingent upon customers maintaining specific credit standards. Commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees. Such fees (net of certain direct costs) are deferred and, upon exercise of the commitment, amortized over the life of the loan or, if exercise is deemed remote, amortized over the commitment period. The table does not include unfunded commercial letters of credit issued on behalf of customers and collateralized by the underlying shipment of goods that totaled $7.9 billion and $5.8 billion at December 31, 2006 and 2005, respectively.

This excerpt taken from the C 10-K filed Feb 24, 2006.

Loan Commitments

 
   2005
   2004(1)
 
   In millions of dollars at year-end
One- to four-family residential mortgages   $ 3,343   $ 4,559
Revolving open-end loans secured by one- to four- family residential properties     25,089     15,705
Commercial real estate, construction and land development     2,283     2,084
Credit card lines(2)     859,504     776,281
Commercial and other consumer loan commitments (1) (3)     346,444     274,237
   
 
Total   $ 1,236,663   $ 1,072,866
   
 
(1)
Reclassified to conform to the current period's presentation. Amounts reflect the inclusion of short-term syndication and bridge loan commitments.

(2)
Credit card lines are unconditionally cancelable by the issuer.

(3)
Includes commercial commitments to make or purchase loans, to purchase third-party receivables, and to provide note issuance or revolving underwriting facilities. Amounts include $179 billion and $141 billion with original maturity of less than one year at December 31, 2005 and 2004, respectively.

        The majority of unused commitments are contingent upon customers maintaining specific credit standards. Commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees. Such fees (net of certain direct costs) are deferred and, upon exercise of the commitment, amortized over the life of the loan or, if exercise is deemed remote, amortized over the commitment period. The table does not include unfunded commercial letters of credit issued on behalf of customers and collateralized by the underlying shipment of goods that totaled $5.8 billion at December 31, 2005 and 2004.

This excerpt taken from the C 8-K filed Sep 9, 2005.
Loan Commitments

 

In millions of dollars at year end

 

2004

 

2003

 

One- to four-family residential mortgages

 

$

4,559

 

$

3,599

 

Revolving open-end loans secured by one- to four-family residential properties

 

15,705

 

14,007

 

Commercial real estate, construction and land development

 

2,084

 

1,382

 

Credit card lines (1)

 

776,281

 

739,162

 

Commercial and other consumer loan commitments (2)

 

256,670

 

210,751

 

Total

 

$

1,055,299

 

$

968,901

 

 

(1)   Credit card lines are unconditionally cancelable by the issuer.

(2)   Includes commercial commitments to make or purchase loans, to purchase third-party receivables, and to provide note issuance or revolving underwriting facilities. Amounts include $131 billion and $119 billion with original maturity of less than one year at December 31, 2004 and 2003, respectively.

 

The majority of unused commitments are contingent upon customers maintaining specific credit standards.  Commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees.  Such fees (net of certain direct costs) are deferred and, upon exercise of the commitment, amortized over the life of the loan or, if exercise is deemed remote, amortized over the commitment period.  The table does not include unfunded commercial letters of credit issued on behalf of customers and collateralized by the underlying shipment of goods which totaled $5.8 billion and $4.4 billion at December 31, 2004 and 2003, respectively.

 

This excerpt taken from the C 8-K filed Jun 7, 2005.
Loan Commitments

 

In millions of dollars at year end

 

2004

 

2003

 

One- to four-family residential mortgages

 

$

4,559

 

$

3,599

 

Revolving open-end loans secured by one- to four-family residential properties

 

15,705

 

14,007

 

Commercial real estate, construction and land development

 

2,084

 

1,382

 

Credit card lines (1)

 

776,281

 

739,162

 

Commercial and other consumer loan commitments (2)

 

256,670

 

210,751

 

Total

 

$

1,055,299

 

$

968,901

 

 

(1)          Credit card lines are unconditionally cancelable by the issuer.

(2)          Includes commercial commitments to make or purchase loans, to purchase third-party receivables, and to provide note issuance or revolving underwriting facilities. Amounts include $131 billion and $119 billion with original maturity of less than one year at December 31, 2004 and 2003, respectively.

 

The majority of unused commitments are contingent upon customers maintaining specific credit standards.  Commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees.  Such fees (net of certain direct costs) are deferred and, upon exercise of the commitment, amortized over the life of the loan or, if exercise is deemed remote, amortized over the commitment period.  The table does not include unfunded commercial letters of credit issued on behalf of customers and collateralized by the underlying shipment of goods which totaled $5.8 billion and $4.4 billion at December 31, 2004 and 2003, respectively.

 

This excerpt taken from the C 10-K filed Feb 28, 2005.

Loan Commitments

 
   2004
   2003
 
   In millions of dollars at year end
One- to four-family residential mortgages   $ 4,559   $ 3,599
Revolving open-end loans secured by one- to four-family residential properties     15,705     14,007
Commercial real estate, construction and land development     2,084     1,382
Credit card lines(1)     776,281     739,162
Commercial and other consumer loan commitments(2)     256,670     210,751
   
 
Total   $ 1,055,299   $ 968,901
   
 
(1)
Credit card lines are unconditionally cancelable by the issuer.

(2)
Includes commercial commitments to make or purchase loans, to purchase third-party receivables, and to provide note issuance or revolving underwriting facilities. Amounts include $131 billion and $119 billion with original maturity of less than one year at December 31, 2004 and 2003, respectively.

        The majority of unused commitments are contingent upon customers maintaining specific credit standards. Commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees. Such fees (net of certain direct costs) are deferred and, upon exercise of the commitment, amortized over the life of the loan or, if exercise is deemed remote, amortized over the commitment period. The table does not include unfunded commercial letters of credit issued on behalf of customers and collateralized by the underlying shipment of goods which totaled $5.8 billion and $4.4 billion at December 31, 2004 and 2003, respectively.

EXCERPTS ON THIS PAGE:

10-K
Feb 23, 2007
10-K
Feb 24, 2006
8-K
Sep 9, 2005
8-K
Jun 7, 2005
10-K
Feb 28, 2005

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