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RESERVE < S s t a t isvlc a I r e l e a s e LIBRARY For immediate release H. 12 A p r i l 14, 1971 ^ < 5 * 1 RESERVE'S^ COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY C o m m e r c i a l and industrial loans decreased a net of $41 m i l l i o n at w e e k l y r e p o r t i n g large commercial banks during the w e e k ended A p r i l 7. The principal net decreases w e r e $107 m i l l i o n in loans to transportation, and $104 m i l l i o n to u n c l a s s i f i e d borrowers. The largest offsetting net increase w a s $85 m i l l i o n to services. Outstanding * Business of Borrower Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 15,028 2,311 5,266 2,783 1,966 2,702 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 10,887 2,532 2,499 1,183 2,800 1,873 Change From Week Ended Dec. 30, M a r . 31, A p r i l 8, 1970 ** 1970 1971 - + - + 8 3 52 51 10 4 Mining (including crude petroleum & natural gas) 3,856 - Trade - total Commodity dealers Other wholesale Retail 9,335 1,327 3,757 4,251 + + + + Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 9,552 6,186 1,359 2,007 Construction 3,621 + Services 7,294 Bankers' acceptances + - 491 114 19 42 53 + + + + 579 270 196 113 122 107 4 19 + + 20 - - - - + + - + 514 220 731 50 204 151 786 214 60 340 98 74 80 60 12 2 16 18 - - + - - - + - + + 36 143 196 131 20 128 - 765 563 174 285 9 100 - 177 - - + - + + - + + 101 48 14 135 + + - 24 614 12 650 - 153 169 27 349 50 + 555 + 168 + 85 + 462 - 170 1,541 + 34 + 912 - 148 Foreign commercial & industrial loans 2,566 + 31 + 433 + 157 All other loans 4,686 - 21 + 124 - Total classified loans Total unclassified loans 68,366 12,801 Total commercial & industrial loans 81,167 - + - + * 78 63 104 +1 ,250 +1 ,503 - 1 ,101 374 - 41 +2,753 - San F r a n c i s c o District classified loans are as of M a r c h 31. Revised. - - P/ Preliminary. ** - 727 H. 12(a) COMMERCIAL AMD INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED APRIL 7, 1971 (in millions of dollars) St. Phila- Cleve- Rich- Atlanta Chicago All Dis- Boston New Minne- Kansas Business of Borrower apolis tricts York mond Louis delphia land City 15,028 605 601 1,368 6,295 271 264 189 2,756 177 144 Durable goods manufacturing - total 2,311 1,126 31 51 83 318 25 372 47 9 3 Primary metals 266 61 5,266 2,301 440 145 78 1,129 38 71 33 Machinery 1,362 220 10 2,783 76 25 12 54 372 Transportation equipment 18 77 Other fabricated metal products 1,966 531 223 63 30 158 475 39 89 49 48 Other durable goods 62 2,702 123 138 408 64 46 167 87 975 42 Dallas 312 41 79 41 60 91 FranciscoE/ 2,046 205 625 516 201 499 10,887 2,532 2,499 1,183 2,800 1,873 691 96 339 23 111 122 5,200 915 1,172 565 1,770 778 469 65 133 38 115 118 390 70 40 53 133 94 407 79 195 19 51 63 389 93 151 19 50 76 1,504 458 214 196 319 317 232 58 60 14 39 61 154 83 18 11 17 25 125 45 15 24 20 21 246 61 38 52 46 49 1,080 509 124 169 129 149 Mining (including crude petroleum and natural gas) 3,856 57 2,207 50 181 9 51 428 25 9 128 445 266 Trade - total Commodity dealers Other wholesale Retail 9,335 1,327 3,757 4,251 619 33 252 334 3,085 624 1,250 1,211 466 61 179 226 489 14 201 274 524 55 212 257 508 23 253 232 1,204 125 503 576 294 71 102 121 211 85 49 77 295 37 114 144 353 48 149 156 1,287 151 493 643 Transportation, communication, & other public utilities Transportation Communication Other public utilities 9,552 6,186 1,359 2,007 370 182 58 130 4,717 3,003 621 1,093 253 140 41 72 489 296 80 113 368 188 96 84 312 214 28 70 1,115 777 101 237 210 153 26 31 89 67 5 17 125 75 29 21 248 144 64 40 1,256 947 210 99 Construction 3,621 95 935 289 276 261 195 265 146 64 116 365 614 Services 7,294 427 2,374 640 350 227 337 737 222 151 174 305 1,350 1,541 42 723 78 36 9 8 332 1 7 33 272 Foreign commercial and industrial loans 2,566 59 1,899 58 59 24 25 284 31 119 All other loans 4,686 129 1,712 11 433 326 153 434 68,366 3,085 29,147 2,915 4,071 2,419 2,249 12,801 491 1,078 280 794 699 81,167 | 3,576 30,225 Total commercial and industrial loans 2/ Preliminary. Final totals will appear in the F. R. Bulletin. 3,195 4,865 3,118 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 1 Bankers acceptances Total classified loans Total unclassified loans * classified loans are as of March 31. 8 — 104 7 33 188 1,165 9,059 1,422 871 1,147 2,526 9,455 664 1,673 286 71 354 616 5,795 2,913 10,732 1,708 942 1,501 3,142 15.250 - — San Francisco District final figures appear in a release of that Reserve Bank. For immediate release April 14, 1971 H.12b COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY Total business term loans were $32,192 million as of March. This was a decrease of $9 million over the comparable data a year ago and an increase of $361 million from the last Wednesday in February. The principal net changes in term loans during March were $227 million in Loans to manufacturers of the petroleum refining industry, $147 million to the mining industry including petroleum and natrual gas, and $104 million to transportation. The total of all business term loans on March 31 represented approximately 1 8 percent of total of business loans outstanding at large commercial banks * reporting in the series. Business of Borrower Percent of Term Loans Change From Month Ended Total Busi- March 31, Feb. 24, March 25, Dec. 30, ness Loans 1971 1971 1970 1970 (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 52 70 50 57 37 45 7,783 1,630 2,591 1,613 733 1,216 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 50 38 25 77 66 58 5,456 974 617 915 1,850 1,100 Mining (including crude petroleum & natural gas) 81 3,123 - Trade - total Commodity dealers Other wholesale Retail 25 6 21 34 2,279 80 782 1,417 + + Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 65 77 30 48 6,242 4,867 402 973 + + + Construction 31 1,107 services 44 Foreign commercial & industrial loans All other loans Total term loans outstanding / Preliminary. • + - • - . + + + 17 66 43 20 14 6 266 3 42 227 16 16 - + + + + 5 165 207 33 33 47 + 437 Ill 103 90 20 9 127 419 11 40 298 1 71 - 109 325 44 47 - 592 - 13 1 28 42 + + + + 226 3 50 173 + + + + 45 1 26 18 25 104 4 83 + + + + - 238 502 75 189 245 303 13 45 + 44 + 211 + 63 3,142 - 12 + 158 - 67 71 1,792 + 76 + 187 + 76 27 1,268 - 51 - - 17 48 32,192 — „ + - - - 147 361 + 7 9 + - 203 166 f SAMPLE OF WEEKLY REPORTING COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A DISTRICT, M a r c h 31, 1971 LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE H. 12(c) Minneapolis Kansas City 89 31 19 4 15 20 41 4 8 5 9 15 44 882 215 79 146 220 222 93 19 16 7 21 30 56 28 7 5 4 12 35 12 22 396 24 115 9 40 66 129 1 59 69 328 14 119 195 290 220 21 49 164 104 35 25 166 154 1 11 52 136 75 1,286 297 169 1,461 24 585 17.381 New York Phila- Clevedelphia land Richmond All Districts Boston Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 7,783 1,630 2,591 1,613 733 1,216 257 30 128 46 19 34 4,154 916 1,493 975 232 538 181 27 43 12 49 50 744 232 208 129 89 86 90 8 24 10 14 34 102 11 29 32 13 17 1,370 263 458 208 237 204 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 5,456 974 617 915 1,850 1,100 234 30 64 16 60 64 3,062 452 292 497 1,303 518 183 19 39 20 47 58 217 26 11 40 85 55 171 31 80 8 19 33 105 33 18 9 24 21 Mining (including crude petroleum and natural gas) 3,123 51 1,993 32 157 3 Trade - total Commodity dealers Other wholesale Retail 2,279 80 782 1,417 139 1 40 98 869 22 278 569 100 8 31 61 182 4 58 120 Transportation, communication, & other public utilities Transportation Communication Other public utilities 6,242 4,867 402 973 148 122 10 16 3,603 2,669 228 706 114 84 21 9 Construction 1,107 26 368 Services 3,142 246 Foreign commercial and industrial loans 1,792 26 All other loans 1,268 Business of Borrower Total term loans outstanding 32,192 1.127 Atlanta Chicago St. Louis Dallas San . FranciscoE' 79 11 13 10 10 35 632 97 164 173 35 163 16 3 4 79 15 3 26 17 18 339 94 8 125 47 65 5 59 245 136 43 1 19 32 26 1 13 12 35 1 14 20 51 1 23 27 262 17 97 148 835 685 29 121 139 137 1 1 61 55 1 5 58 51 3 4 111 85 14 12 553 501 38 14 65 68 34 10 15 117 141 51 102 331 73 21 58 94 414 45 2 5 165 - - 3 5 56 5 136 123 17 147 32 2 8 54 159 988 2,076 794 713 4,522 527 225 312 835 2.692 - - 4 9 11 20
