Data Dictionary
Item Number 6131
LOANS MADE UNDER A COMMITMENT (QTFL)Call confidentiality applies to FFIEC 031/041.
Series | Start Date | End Date | Confidential? | Reporting Forms |
---|---|---|---|---|
QTFL6131 | 1977-02-07 | 9999-12-31 | Yes | FR 2028b/s |
Data Description:
A one-digit code indicating whether a loan was made under a formal or informal commitment.
A commitment is defined as a formal agreement, usually evidenced by a binding contract, to lend a specified amount, frequently at a predetermined spread over a specific base rate. It requires that the borrower meet covenants in the contract and pay a fee on the unused credit available. These includes revolving credits under which the borrower may draw and repay loans for the duration of the contract.
A line of credit is defined as an informal arrangement under which the lender agrees to lend within a set credit limit and to quote a rate on demand for a takedown amount and maturity requested by the borrower.
Authorizations (internal guidance lines) where the customer is not informed of the amount are not considered commitments.
1 = Yes
2 = No
NOTE:
Reported on the FR 2028B report.