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.VoO^V,-. FEDERAL RESERVE statistical release For immediate release August 12, 1970 H. 12 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans increased a net of $58 million at weekly reporting large commercial banks during the week ended August 5. The principal net increases were $73 million in loans to manufacturers of textiles, apparel, and leather products, and $152 million to unclassified borrowers, The largest offsetting net decrease was $59 million in loans to the mining industry, which includes producers of petroleum and natural gas. Business of Borrower Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Change From Week Ended Outstanding July 29, Aug. 6, | June 24, Aug. 5, 1969 1 1970 1970 p/* 1970 (In millions of dollars) 33 +2,023 75 16,093 9 + 213 47 2,157 66 + 768 29 + 6,131 6 + 632 1 2,753 64 4 44 2,188 + 112 + 414 12 2,864 11,840 2,547 2,921 1,508 2,684 2,180 94 207 208 131 33 69 10 13 . 73 47 16 19 + + + + 53 59 146 360 37 245 59 - 521 69 15 35 49 + + + 121 38 110 49 — + + - 88 363 93 544 + + - 31 41 25 15 60 + 38 + - + - + - - + - + Mining (including crude petroleum & natural gas) 4,174 Trade - total Commodity dealers Other wholesale Retail 8,708 838 3,648 4,222 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 9,610 5,745 1,344 2,521 Construction 3,246 + 21 Services 6,988 - 44 + 328 + 115 528 - 1 + 108 + 23 Foreign commercial & industrial loans 2,148 - 3 - 215 - All other loans 4,968 + 19 + 427 + Total classified loans Total unclassified loans 68,303 11,097 + 94 152 +2,176 - 385 Total commercial & industrial loans 79,400 + 58 +1,791 Bankers' acceptances - + - + + . - + P/ Preliminary. * San Francisco District classified loans are as of July 29. - - + - - - 86 166 60 25 131 53 105 55 213 6 138 124 27 151 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED AUGUST 5, H. 12(a) 1970 Minneapolis 158 6 56 12 38 46 Kansas City 151 7 42 13 46 43 San . FranciscoE/ ' 2 ,047 148 760 484 188 467 319 31 78 44 87 79 ,045 3. 372 1: ,194 404 601 474 St. Louis 193 41 45 10 33 64 426 81 214 15 50 66 394 106 133 21 57 77 ,680 1: 516 243 237 332 352 270 61 86 27 34 62 159 73 21 10 19 36 137 55 23 18 19 22 232 55 26 63 43 45 1,232 479 118 238 130 267 267 6 61 433 27 11 115 415 178 493 46 175 272 503 12 216 275 488 31 194 263 518 27 241 250 1 ,131 76 513 542 245 37 90 118 150 34 41 75 269 28 86 155 313 29 134 150 1,175 104 465 606 4,681 2,744 625 1,312 239 125 45 69 594 311 70 213 369 183 90 96 307 223 15 69 1,279 770 181 328 217 154 26 37 93 61 4 28 128 70 29 29 258 134 50 74 1,094 811 166 117 101 848 245 213 214 202 246 109 71 94 386 517 62,988 402 2,322 566 372 216 352 680 199 137 147 256 1,339 528 7 249 25 15 2 6 102 - - 14 108 Foreign commercial and industrial loans ,148 2« 38 1,654 46 26 9 22 232 — 25 88 All other loans ,968 4; 110 1,886 7 469 298 121 359 104 13 28 159 1,414 68, ,303 3,131 29, 135 2,881 4,557 2,313 2,302 9 ,187 1,364 800 1,069 2,372 9 ,192 Total unclassified loans 11, ,097 467 1,057 261 774 629 634 1,426 275 74 305 528 Total commercial and industrial loans 79 ,400 . 3,598 30, 192 3,142 5,331 2,942 2,936 10 ,613 1,639 874 1,374 2,900 4 ,667 13 ,859 New Phila- Cleve- Richmond York delphia land 6,608 285 646 1,628 20 364 71 1,005 96 2,658 555 213 257 29 1,276 73 41 148 258 604 99 194 1,065 141 All Districts 16,093 2, 157 6 131 2, 753 2 188 2 864 Boston U , 840 2 547 2 >921 1, 508 2 ,684 2 180 761 108 377 26 103 147 5,533 835 1,449 762 1,605 882 546 90 164 39 122 131 470 88 67 52 170 93 Mining (including crude petroleum and natural gas) 4, 174 68 2,525 68 Trade - total Commodity dealers Other wholesale Retail ,708 8, 838 ,648 33 ,222 4; 594 34 260 300 2,829 380 1,233 1,216 Transportation, communication, & other public utilities Transportation Communication Other public utilities ,610 9: 5: ,745 1. ,344 ,521 2« 351 159 43 149 Construction ,246 3« Services Business of Borrower Durable goods manufacturing - total Primary metals MachineryTransportation equipment Other fabricated metal products Other durable goods Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Bankers1 acceptances Total classified loans Classified loans are as of July 29. 699 58 336 105 90 110 in the F. R. Bulletin. Atlanta Chicago — 8 Dallas 314 34 98 46 54 82 For immediate release August 12, 1970 H.12b COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY Total business term loans were $31,911 million as of July. This was an increase of $838 million over the comparable data a year ago and an increase of $172 million from the last Wednesday in June. The principal net changes in term loans during July were increases of $149 million in loans to transporation, and $48 million to construction. The total of all business term loans on July 29 represented approximately 47 percent of total of business loans outstanding at large commercial banks reporting in the series. Business of Borrower Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods Percent of Term Loans Change From Month Ended June 24, June 25, Dec. 31, Total Busi- July 29, 1970 1970 1969 1969 ness Loans (%) (In millions of dollars) • L 112 49 + 975 7,874 218 69 r + 160 4- 47 1,523 3 46 -- 40 f -!2,824 269 75 + 58 + 469 1,599 35 98 34 + 770 8 9 29 + 40 h 26 + 106 1,158 11 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 48 38 27 77 63 50 5,719 968 767 1,199 1,687 1,098 Mining (including crude petroleum & natural gas) 82 3,489 Trade - total Commodity dealers Other wholesale Retail 24 9 19 31 2,075 80 703 1,292 Transportation, communication, and other public utilities - total Transportation Comrnuni c at i on Other public utilities 61 76 32 41 5,880 4,425 424 1,031 + f > Construction 30 959 + Services 43 3,049 Foreign commercial & industrial loans 74 1,599 All other loans 26 1,267 47 31,911 Total term loans outstanding £/ Preliminary. f 96 39 5 67 22 27 - 93 - - 13 8 11 16 - 163 149 16 2 + - + - + + + + -!- 67 122 112 256 88 43 - 283 15 -L i 54 - 157 - 142 53 600 - 119 34 24 129 + 183 383 12 188 - 601 61 1 - . 3 63 - 369 11 74 306 48 + 76 32 + 183 - 21 - 192 -_ | 40 + 161 •! 26 ~ 172 h + 838 - 878 55 + 58 43 H. 12(c) COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, JULY 29, 1970 (in millions of dollars) Business of Borrower Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods All Districts 7,874 1,523 2,824 1,599 770 1,158 307 26 158 67 26 30 New York 3,798 793 1,434 856 245 470 Boston Phila- Clevedelphia land 151 881 16 242 283 47 22 150 98 37 108 29 Rich- Atlanta Chicago mond 91 94 1,578 6 8 314 31 27 584 11 21 220 16 16 249 211 18 31 St. Louis 92 26 23 4 16 23 Minneapolis 44 2 16 6 8 12 Kansas City 46 — — 6 9 13 18 85 12 18 10 13 32 San . FranciscoE/ 707 78 197 223 33 176 342 79 8 139 50 66 Dallas Nondurable goods -manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 5,719 968 767 1,199 1,687 1,098 257 39 71 22 55 70 3,067 380 396 673 1,128 490 178 17 39 22 43 57 253 35 15 45 98 60 184 35 87 8 20 34 99 32 15 10 24 18 1,013 278 108 195 216 216 119 23 18 22 21 35 68 30 7 6 8 17 30 5 11 3 11 109 15 3 46 21 24 Mining (including crude petroleum and natural gas) 3,489 55 2,277 42 230 4 33 399 27 6 62 252 102 Trade - total Commodity dealers Other wholesale Retail 2,075 80 703 1,292 145 1 42 102 112 8 31 73 200 4 64 132 100 5 35 60 123 1 54 68 345 13 120 212 35 1 9 25 27 4 12 11 34 1 10 23 35 1 14 20 170 14 71 85 Transportation, communication, & other public utilities Transportation Communication Other public utilities 5,880 4,425 424 1,031 127 96 9 22 3,300 2,385 227 688 104 68 21 15 319 208 22 89 174 110 35 29 155 145 1 9 807 628 48 131 133 128 3 2 70 60 2 8 55 49 4 2 138 98 15 25 498 450 37 11 959 24 297 56 89 27 56 62 28 8 18 125 169 Services 3,049 232 1,200 283 189 50 100 344 65 23 54 64 445 Foreign commercial and industrial loans 1,599 15 1,327 22 17 3 156 — 10 46 All other loans 1.267 1 654 1 137 140 15 125 39 6 9 53 87 1.163 16.669 949 2.315 770 678 4.829 538 255 308 871 2.566 Construction Total term loans outstanding 31.911 . 749 27 241 481 — 3 — —