14. Cancellations of and reductions in p14. Cancellations of and reductions in previously approved credit limits

14. Cancellations of and reductions in previously approved credit limits

Include:

• the actual value of credit limits cancelled and the value by which existing credit limits were reduced during the month.

Exclude:

• amounts used as balancing or adjustment items (such as adjustments between states). These should be reported in Question 15; and

• repayments which reduce the used portion of the credit facility but not the total credit available. These should be excluded from the form altogether.