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FEDERAL statistical RESERVE release - H. 12 For immediate release August 14, 1968 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans decreased a net of $181 million at weekly reporting large commercial banks during the week ended August 7. The principal net decreases were $129 million in loans to manufacturers of machinery, and $241 million to unclassified borrowers. The larger offsetting net increases were $99 million in loans to retail trade, and $76 million in bankers acceptances. Business of Borrower Outstanding Change From Week Ended August 7, , July 31, August 9, June 26, 1968 * 1968 1967 1968 (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 12,612 2,030 4,614 1,804 1,913 2,251 -159 + 15 -129 - 20 - 27 + 2 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 10,051 2,095 2,346 1,538 2,268 1,804 + + + + - Mining (including crude petroleum & natural gas) 4,682 - Trade - total Commodity dealers Other wholesale Retail + + + + 966 883 58 78 54 165 +117 + 83 + 38 - 52 + 7 + 41 30 20 16 6 2 10 + + + + + + 375 7 192 31 9 136 -260 -142 + 70 + 52 -244 + 4 7 + 857 - 60 8,043 1,109 3,128 3,806 +114 + 31 - 16 + 99 + + + 569 23 182 410 + 48 + 1 - 29 + 76 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities • 8,344 4,935 1,006 2,403 + 23 39 10 26 +1 ,204 + 992 + 17 + 195 + 67 - 32 - 95 +194 Construction 2,778 + 4 + 161 + Services 5,529 + 23 + 779 - 14 905 + 76 + 127 + 94 - 204 - 60 Bankers' acceptances «• - 4 1 All other loans 7,257 + 30 + 884 + 15 Total classified loans Total unclassified loans 62,732 6,268 + 60 -241 +5 ,718 + 414 - 49 -131 Total commercial & industrial loans 69,000 -181 +6 ,132 -180 P/ Preliminary. * San Francisco District classified loans are as of July 31. 00 2,531 CM Foreign commercial & industrial loans 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 AUGUST 7, 1968 (in millions of dollars) All Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Business of Borrower tricts York delphia land mond Louis apolis City Durable goods manufacturing - total 12,612 531 5,404 1,216 493 230 174 2,505 130 112 115 Primary metals 2,030 51 1,092 48 304 15 13 350 2 27 5 Machinery 4,614 234 2,077 412 157 29 59 983 33 26 39 Transportation equipment 1,804 86 792 20 45 146 30 266 d 7 15 Other fabricated metal products 1,913 74 554 151 209 40 54 544 23 33 Other durable goods 2,251 86 889 92 145 70 362 74 39 41 36 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Dallas 288 32 79 51 66 60 San Francis c i 1,414 91 486 338 142 357 10,051 2,095 2,346 1,538 2,268 1,804 496 81 206 21 83 105 4,798 769 1,217 716 1,326 770 428 71 141 54 74 88 585 76 67 134 180 128 359 36 209 6 53 55 318 89 121 18 44 46 1,406 423 199 213 278 293 220 64 68 10 35 43 131 49 13 17 17 35 115 46 13 22 19 15 215 35 26 78 36 40 980 356 66 249 123 186 Mining (including crude petroleum and natural gas) 4,682 50 2,870 74 152 8 52 628 36 6 141 509 156 Trade - total Commodity dealers Other wholesale Retail 8,043 1,109 3,128 3,806 684 75 268 341 2,528 474 961 1,093 402 20 149 233 361 10 177 174 402 51 158 193 465 34 212 219 1,048 94 479 475 210 47 63 100 187 62 45 80 320 41 96 183 298 50 112 136 1,138 151 408 579 Transportation, communication, & other public utilities Transportation Communication Other public utilities 8,344 4,935 1,006 2,403 289 126 16 147 4,234 2,506 535 1,193 330 156 48 126 404 222 40 142 287 164 55 68 276 185 20 71 1,093 599 119 375 169 * 120 16 33 108 66 12 30 123 60 29 34 212 127 20 65 819 604 96 119 Construction 2,778 93 640 172 192 207 238 187 64 57 128 353 447 Services 5,529 475 1,725 412 326 166 275 545 156 134 122 278 915 905 22 487 28 47 16 3 75 3 2 19 203 Foreign commercial and industrial loans 2,531 36 1,775 66 58 1 13 243 1 6 — 26 306 All other loans 7,257 88 1,198 6 243 180 77 443 82 2 33 93 4,812 62,732 2,764 25,659 2,411 3,584 1,800 1,947 8,173 1,071 743 1,099 2,291 11,190 6,268 345 999 195 597 521 532 1,074 221 69 259 490 966 69,000 3,109 26,658 Total commercial and industrial loans 2/ Preliminary. Final totals will appear in the F. R. Bulletin. 2,606 4,181 2,321 2,479 9,247 1,292 812 1,358 2,781 12,156 Bankers' acceptances Total classified loans Total unclassified loans Classified loans are as of July 31. — San Francisco District final figures appear in a release of that Reserve Bank. For immediate release August 14, 1968 COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY H.12b Total business term loans were $28,684 million, as of July. This was an increase of $3,901 million over the comparable date a year ago and an increase of $201 million over the last Wednesday in June. The principal changes increasing term loans during the month of July were $116 million in loans to manufacturers of machinery, and $113 million to "other11 public utilities. The total of all business term loans on July 31, represented approximately 46 per cent of the 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 BusiJune 26, J u & 2 6 , Dec. 2 1 J U 1968 ness Loans &81' 1967 (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 51 69 51 49 42 46 6,542 1,393 2,395 902 811 1,041 +229 + 54 +116 - 6 + 52 + 13 +1 ,344 + 732 + 350 + 90 + 132 + 40 +1 ,087 + 519 + 394 + 14 + 136 + 24 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 52 39 24 83 67 59 5,219 804 556 1,270 1,516 1,073 - 64 - 17 - 10 + 44 -103 + 22 + + + + + 374 114 130 28 36 122 + + + + Mining (including crude petroleum & natural gas1) 86 4,042 - 79 + 700 + 471 Trade - total Commodity dealers Other wholesale Retail 23 11 19 31 1,875 115 608 1,152 - 16 + 2 - 26 + 8 + + + + 248 27 116 105 + + + + Transportation, communication, and other public utilities - total « Transportation Communication Other public utilities 61 74 45 39 5,069 3,688 453 928 +105 - 15 + 7 +113 + + + + 972 664 33 275 + 568 + 345 + 10 + 213 Construction 28 779 + 10 + 82 + 97 Services 42 2,324 + 21 + 321 + 203 Foreign commercial & industrial loans 74 1,892 - 42 - 220 - 135 All other loans 13 942 + 37 + 46 28,684 +201 +3 £/ Preliminary. o h-» 80 VO Total term loans outstanding - - + + 138 46 91 14 16 3 109 8 32 69 69 +2 ,607 H. 12(c) COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, nii^, i f VJLLL ILL .JULJ.UI.lti I» trs J All Dis- Boston New Riila- Cleve- Rich- Atlanta Business of Borrower tricts York delphia land mond Durable goods manufacturing - total 6,542 239 3,287 171 709 74 56 Primary metals 1,393 19 836 14 204 8 5 Machinery 2,395 125 1,256 49 215 14 17 Transportation equipment 902 55 447 14 100 11 9 Other fabricated metal products 811 15 299 63 107 15 8 Other durable goods 1,041 25 449 31 83 26 17 Nondurable goods manufacturing - total 5,219 188 2,785 171 352 103 86 Food, liquor, and tobacco 804 25 343 17 28 11 42 Textiles, apparel, and leather 556 49 307 28 63 7 15 Petroleum refining 1,270 630 17 37 109 4 6 Chemicals and rubber 1,516 46 1,004 40 132 12 9 Other nondurable goods 1,073 51 501 49 76 13 14 Mining (including crude petroleum and natural gas) 4,042 33 2,648 46 135 36 4 Trade - total 1,875 185 726 103 98 54 98 Commodity dealers 115 58 8 6 2 5 Other wholesale 608 53 196 28 38 23 42 Retail 1,152 132 472 67 58 25 51 Transportation, communication, & other public utilities 5,069 126 3,015 117 214 135 116 Transportation 3,688 73 2,162 73 153 96 111 Communication 453 12 271 23 27 12 1 Other public utilities 928 41 582 21 34 27 4 Construction WEEKLY REPORTING JULY 31, 1968 Chicago| 1,309 240 519 136 232 182 St. 1 Minne- Kansas Louis | apolis City 58 38 43 21 1 1 14 10 6 2 5 6 9 10 9 12 12 21 90 11 24 12 18 25 San Franciscc 468 33 146 105 26 158 Dallas 859 213 59 179 180 228 83 16 14 9 24 20 47 17 4 10 4 12 33 7 2 11 6 7 98 11 3 44 19 21 414 74 5 214 40 81 576 28 3 89 343 101 270 12 120 138 35 1 10 24 28 6 9 13 50 3 17 30 50 4 15 31 178 10 57 111 643 470 29 144 126 113 6 7 64 46 5 13 45 37 7 1 141 88 14 39 327 266 46 15 , 779 22 237 35 84 27 58 49 11 4 20 102 130 Services 2,324 174 917 211 160 50 99 265 50 24 48 75 2?1 Foreign commercial and industrial loans 1,892 22 1,409 29 49 1 — 168 — 5 13 196 942 19 596 2 40 18 18 73 25 1 12 34 104 28,684 1,008 15,620 885 1,841 466 567 4,212 416 214 340 946 2,169 All other loans Total term loans outstanding —
