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of «>vf • RESERVE FEDERAL stdtistica release For immediate release H. 12 April 8, 1970 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans increased a net of $149 million at weekly reporting large commercial banks during the week ended April 1. The principal net increases were $55 million in loans to "all other" types of business concerns, and $410 million to unclassified borrowers. The larger offsetting net decreases were $162 million in loans to manufacturers of machinery, $81 million to services, and $68 million to the mining in us y, includes producers of petroleum and natural gas. Outstanding April 1, Business of Borrower From Week Ended Dec. Apr. 2, 31, 1969 1969 (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 15,561 2,059 5,983 2,832 2,138 2,549 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 11,925 2,809 2,552 1,591 2,879 2,094 157 44 162 20 + 45 14 +2,172 + 79 + 887 + 775 + 112 + 319 + 400 26 57 + + 200 + 135 34 + - 2 21 41 13 13 18 + 909 + 412 + 102 - 317 + 391 + 321 312 444 + 215 127 34 + 10 + - 68 - 606 + - - + + - + - + Mining (including crude petroleum & natural gas) 4,330 Trade - total Commodity dealers Other wholesale Retail 8,760 1,063 3,569 4,128 + + + 6 9 30 - 33 + 25 226 10 261 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 9,787 5,584 1,399 2,804 + + + - 43 11 45 13 + + + + 717 249 278 190 Construction 3,051 - 41 Services 6,870 - 81 Bankers 1 r% 1970 D/ * chanee Mar. 25, 1970 acceptances 550 + + 4 - - - - - 507 179 127 52 1,053 152 140 761 - - 55 - 91 325 - 150 65 158 Foreign commercial & industrial loans 2,173 - 24 - 349 65 All other loans 4,858 + 55 + 792 87 +3,865 - 132 •2,202 • 287 +3,733 -2,489 Total classified loans Total unclassified loans 67,865 11,137 + 261 410 Total commercial & industrial loans 79,002 + 149 - P/ Preliminary. * San Francisco District classified loans are as of March 25. COMERCIAL AND INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE OOM4BRCIAL BASKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WKHC ENDED APRIL 1, 1970 (in mlllions of dollars) San . Minne- Kansas Dallas Phila- [Cleve- Rich- Atlanta Chicago St. New All DisBoston Business of Borrower FranciscoE/' City apolls Louis mond York Idelphla land tricts 1,954 323 147 131 175 293 3,006 270 623 1,585 6,413 641 15,561 Durable goods manufacturing - total 124 32 7 3 33 382 26 15 318 67 48 1,004 2,059 Primary metals 726 97 34 47 48 73 1,173 93 560 205 306 2,621 5,983 Machinery 475 48 16 7 11 426 39 22 239 72 1,370 107 Transportation equipment 2,832 191 66 51 31 28 600 78 46 267 146 549 Other fabricated metal products 85 2,138 438 80 39 43 55 425 77 94 201 86y Other durable goods 133 95 2,549 244 1,341 126 166 293 404 1,685 422 469 511 676 5,588 11,925 Nondurable goods manufacturing - total 508 65 49 92 77 575 107 81 100 89 951 115 2,809 Food, liquor, and tobacco 101 29 12 17 78 217 130 203 48 154 304 1,259 2,552 Textiles, apparel, and leather 1 258 59 19 9 22 231 25 12 49 36 846 25 1, o 1 Petroleum refining 171 Q 48 25 18 57 353 72 50 178 120 105 1,682 2.o7 Chemicals ana rubber 303 43 21 30 59 309 70 76 94 112 850 Other nondurable goods 127 2,094 H.12(a) Mining (including crude petroleum and natural gas) 4,330 73 2,588 77 281 7 63 466 28 9 121 445 172 Trade - total Commodity dealers Other wholesale Retail Transportation, communication, & other public utilities Transportation Communication Other public utilities 8,760 1,063 3,569 4,128 624 48 265 311 2,855 442 1,222 1,191 461 47 162 252 489 9 212 268 471 45 178 248 519 31 235 253 1,140 116 519 505 268 54 79 135 167 53 31 83 270 28 86 156 316 46 122 148 1,180 144 458 578 9,787 5, 584 1,-99 2,806 427 169 43 215 4,749 2,609 581 1,559 284 152 60 72 248 135 51 62 777 217 1,246 747 175 324 213 115 67 21 27 93 312 216 21 75 204 81 60 6 15 3,051 346 177 90 79 200 233 150 32 51 Construction 593 318 72 203 206 97 54 99 382 1,153 784 247 122 509 Services 6,870 418 2,212 569 362 202 339 665 195 103 148 283 1,374 550 9 237 29 16 3 6 81 1 1 30 137 Foreign commercial and industrial loans 2,173 31 1,601 54 22 12 21 210 23 189 All other loans 4,858 117 1.887 7 468 263 110 349 3,109 28,907 2,832 4,491 2,196 2,271 237 747 586 609 Bankers' acceptances Total classified loans Total unclassified loans 67,865 11.137 441 1.107 3.550 30.014 79.002 Total conffnprcial and industrial loans £/ Preliminary. Final totals will appear in the F. R. Bulletin. Digitized *for FRASER Classified loans are as of March 25 - - 10 - - 120 12 38 138 1,349 9,061 1,410 733 1,065 2,432 9,358 1 r353 285 71 295 527 4_, 879 San Francisco District final figures appear in a release of that Reserve Bank. For immediate release April 8, 1970 •b COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY Total business term loans were $32,048 million as of March. This was a decrease of $1,236 million over the comparable data a year ago and an increase of $52 million from the last Wednesday in February. The principal changes in term loans during March were increases of $52 million in loans to manufacturers of machinery, $40 million to transportation, and decreases of $91 million to manufacturers of chemicals and rubber products, and $83 million to "other" public utilities. The total of all business term loans on March 25 represented approximately 47 per cent 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- Mar. 25, Feb. 25. Mar. 26, Dec.31, ness Loans 1970 1970 1969 1969 (%) (In millions of dollars) Durable goods manufacturing - total , Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 49 72 46 56 35 45 7,748 1,452 2,800 1,575 759 1,162 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 49 34 29 78 63 54 5,892 960 726 1,255 1,805 1,146 Mining (including crude petroleum & 1 natural gas) 84 3,709 23 7 20 29 1,980 78 696 1,206 61 78 35 41 Trade - total Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities - total Transportation ! Communication j Other public utilities Construction services reign commercial & industrial loans All other loans Total term loans outstanding + + + + + + 141 32 52 31 5 21 +1,006 + 64 + 371 + 412 + 45 + 114 f • + + • • 92 24 51 74 2 7 110 7 13 101 24 5 + 31 8 5 21 91 26 + + + + + 400 • 248 + 102 + 273 -• 202 121 - - 48 - 561 + + 30 3 3 30 5,968 4,331 476 1,161 + + 39 40 4 83 + + + 29 903 + 4 + 43 2,995 + 24 75 1,647 +- 25 1,206 47 32,048 + + + + + -• 381 35 32 18 49 - 34 1 10 23 267 - 281 299 - 83 39 - 22 71 - 176 18 - 1 + 119 + 4 20 - 177 + 5 f 11 f 129 f 52 +1,236 - 35 - 741 H.12(c) COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, MARCH 25, 1970 . (in millions of dollars) Phila- Cleve- Rich- Atlanta Chicago St. Boston New York delphia land mond Louis 282 3,825 169 869 92 78 1,519 88 22 6 761 233 17 303 29 7 146 1,506 256 61 28 27 536 20 62 22 837 159 225 10 14 4 260 23 104 15 37 242 14 14 29 461 32 16 117 213 33 21 264 3,188 247 96 1,038 180 177 129 41 367 21 34 35 30 283 21 74 367 32 82 13 111 14 16 22 6 22 752 10 43 198 21 52 1,189 52 97 15 24 238 36 75 60 513 53 39 18 208 35 San Minne- Kansas Dallas Franciscc apolis City 38 90 47 651 — — 2 11 61 13 20 7 180 12 4 8 218 5 9 13 23 14 23 34 169 62 28 105 378 28 5 15 80 4 10 3 6 11 41 123 8 20 3 71 16 26 9 94 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods All Districts 7,748 1,452 2,800 1,575 759 1,162 5,892 960 726 1,255 1,805 1,146 Mining (including crude petroleum and natural gas) 3,709 61 2,383 49 248 5 32 444 27 5 66 281 108 Trade - total Commodity dealers Other wholesale Retail 1,980 78 696 1,206 112 1 40 71 730 33 221 476 106 7 29 70 183 3 64 116 100 5 34 61 125 1 53 71 295 8 114 173 28 1 7 20 28 2 12 14 40 1 13 26 39 1 15 23 194 15 94 85 Transportation, communication, & other public utilities Transportation Communication Other public utilities 5,968 4,331 476 1,161 147 113 12 22 3,390 2,366 247 777 98 73 19 6 326 213 25 88 170 108 40 22 159 148 3 8 841 607 55 179 142 132 4 6 64 53 4 7 54 46 5 3 138 94 15 29 439 378 47 14 903 12 292 53 87 27 55 69 22 8 24 134 120 Services 2,995 225 1,199 285 183 45 108 368 66 24 54 57 381 Foreign commercial and industrial loans 1,647 16 1,310 26 16 4 137 11 123 All other loans 1.206 1 630 1 136 113 15 118 41 5 9 37 100 32.048 1,120 16,947 967 2,295 729 672 4,829 543 238 322 892 2,494 Business of Borrower Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods Construction Total term loans outstanding - - 4
@FedFRASER