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F E D E R A L R E S E R V E statistical • LRt^> H.12" release For immediate release December 9, 1970 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans increased a net of $100 million at weekly reporting large Commercial banks during the week ended December 2. The principal net increases were $97 million in loans to manufacturers of transporation equipment, and $92 million to manufacturers of food, liquor, and tobacco products. The larger offsetting net decreases were $93 million in loans to manufacturers of "other11 fabricated metal products, and $118 million to retail trade. Business of Borrower Change From Week Ended Outstanding Dec. 2, * Nov. 25, Dec. 3, June 24, 1970 1970 1969 1970 £/ (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 14,976 2,063 5,418 2,958 1,912 2^625 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 11,390 2,802 2,451 1,474 2,650 2,013 - + - 4- + - + 110 29 82 97 93 3 14 92 41 7 33 3 Mining (including crude petroleum & natural gas) 3,951 Trade - total Commodity dealers Other wholesale Retail 9,266 1,237 3,670 4,359 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 9,646 5,973 1,262 2,411 + 121 -f- 70 + 2 + 49 Construction 3,333 ~r Services 7,113 !- Bankers1 acceptances 1,135 Foreign commercial & industrial loans 2,337 All other loans - + - -r + — + -f - M + 52 113 22 17 118 + + + - 791 98 92 616 70 239 327 104 19 188 26 10 -1 ,150 103 779 + 199 340 127 + - - 544 48 262 165 67 98 770 - 309 214 115 157 58 + + + + 392 339 47 6 - 394 496 87 803 43 + 202 + 125 19 + 330 + 240 71 + 678 + 630 + 15 + 75 4,831 + 44 + 72 + 1 Total classified loans Total unclassified loans 67,978 12,027 + + 52 48 + + 87 * 824 + 449 903 Total commercial & industrial loans 80,005 + 100 +1 ,695 + 454 P/ Preliminary. >v San Francisco District classified loans are as oE November 25. - + - - + - 17 333 27 323 183 COMMERCIAL AMD INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED DECEMBER 2, 1970 (in millions of dollars) San . Minne- Kansas Dallas St. Phila- Cleve- Rich- Atlanta Chicago New All DisBoston Business of Borrower FranciscaE/ City . apolis Louis mond delphia land York tricts 1,918 303 121 159 177 2,787 257 W 1,469 641 6,223 634 14,976 Durable goods manufacturing - total 155 30 5 7 48 361 25 19 312 75 972 54 2,063 Primary metals 662 96 27 57 34 1,100 63 82 507 197 2,308 285 5,418 Machinery 470 38 14 12 9 437 49 25 251 92 1,462 99 2,958 Transportation equipment 182 54 40 42 23 477 75 43 202 151 532 91 1,912 Other fabricated metal products 449 85 35 41 63 412 75 88 197 126 949 105 2,625 Other durable goods 1,207 250 127 153 272 1,658 388 406 437 514 5,282 696 11,390 Nondurable goods manufacturing - total 597 71 54 83 94 557 114 86 97 92 842 115 2,802 Food, liquor, and tobacco 101 27 10 15 60 214 138 186 49 149 1,168 334 2,451 Textiles, apparel, and leather 242 57 22 9 23 248 14 14 43 39 741 22 1,474 Petroleum refining 128 49 19 16 34 289 51 53 141 114 1,659 97 2,650 Chemicals and rubber 139 46 22 30 61 350 71 67 107 120 872 128 Other nondurable goods 2,013 H. 12(a) Mining (including crude petroleum and natural gas) Trade - total Commodity dealers Other wholesale Retail 3,951 9,266 1,237 3,670 4,359 66 647 43 258 346 2,328 3,062 525 1,244 1,293 63 483 59 172 252 249 499 13 210 276 7 514 65 187 262 55 519 23 247 249 424 1,185 122 512 551 26 315 100 86 129 7 182 72 41 69 122 306 46 94 166 418 345 57 142 146 186 1,209 112 477 620 Transportation, communication, & other public utilities Transports*ion Conmiunication Other public utilities 9,646 5,973 1,262 2,411 387 169 32 186 4,812 2,907 613 1,292 293 140 56 97 537 305 58 174 350 180 78 92 312 227 21 64 1,278 792 171 315 197 149 19 29 88 64 7 17 103 62 23 18 241 140 49 52 1,048 838 135 75 Services 3,333 7,113 95 396 893 2,341 271 597 226 345 209 216 192 335 249 742 126 231 55 137 98 151 381 289 538 1,333 Bankers' acceptances 1,135 18 651 39 36 4 6 186 - - 1 — 14 180 Foreign commercial and industrial loans 2,337 44 1,766 49 28 13 21 304 - - 9 — 26 77 All other loans 4,831 100 1,874 8 484 284 137 387 97 8 33 166 1.253 67,978 3,083 450 29,232 1,034 2,958 263 4,310 776 2,260 661 2,252 637 9,200 1,479 1,441 284 799 67 1,061 310 2,433 590 8,949 5,476 Construction Total classified loans Total unclassified loans Total r-riTmriercial and industrial loans g/ Preliminary. Final totals will appear *, Classified loans are as of November 12,027 For immediate release December 9, 1970 ^H.12b COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY * Total business term loans were $31,883 million as of November. This was an increase of $334 million over the comparable data a year ago and a decrease of $143 million from the last Wednesday in October. $ The principal net changes in term loans during November were $136 million in loans to manufacturers of machinery, and $90 million to the mining industry including petroleum and natural gas. The total of all business term loans on November 25 represented approximately & 48 percent of total of business loans outstanding at large commercial banks reporting fin the series. I Business of Borrower Percent of Term Loans Change From Month Ended Total Busi- Nov. 25, Oct. 28 > Nov. 26, Dec. 31 1969 1969 ness Loans 1970 1970 (7o) (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery } Transportation equipment Other fabricated metal products Other durable goods 52 73 49 57 40 43 7,778 1,535 2,690 1,621 801 1,131 Nondurable goods manufacturing - total k Food, liquor, and tobacco j Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 51 34 28 82 65 58 5,752 932 . 703 1,220 1,738 1,159 Mining (including crude petroleum & ^ natural gas) 83 3,329 ? Trade - total Commodity dealers Other wholesale Retail 23 7 20 31 2,193 83 739 1,371 ^ Transportation, communication, and ? other public utilities - total Transportation Communication Other public utilities 62 75 33 43 ^ Construction T Services Foreign commercial & industrial loans ^ All other loans ,r ;Y Total term loans outstanding jd/ Preliminary. - - + - - + - 140 13 136 6 20 5 + + + + + + 528 133 124 232 5 34 45 52 17 10 50 16 + + 30 24 4 90 64 36 - + + + + 122 59 59 4- 120 + 40 38 - - - + 250 21 10 136 91 8 90 - 715 - 761 + + + + 42 10 12 20 + + + + 229 2 71 156 + + + + 179 4 33 142 5,890 4,453 415 1,022 + + + + 44 10 29 5 + + - 63 307 47 197 31 1,005 + 33 + 43 3,079 + 10 71 1,648 + 25 1,209 48 31,883 - 359 39 83 315 102 + 101 + 134 + 88 36 -* 42 + 6 - 33 + 5 - 32 - 143 + 334 - 906 - + - COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, NOVEMBER 25, 1970 (in millions of dollars) MinneSt. Phi la Cleve- Rich- Atlanta Chicago New All DisBoston Business of Borrower apolis Louis mond land delphia York tricts 42 92 1,499 90 92 153 874 3,915 280 7,778 Durable goods manufacturing - total 2 29 271 6 6 252 20 826 31 1,535 Primary metals 12 22 553 30 28 259 42 1,417 132 2,690 Machinery6 212 4 23 10 148 14 957 65 1,621 Transportation equipment 9 15 251 14 14 113 43 254 25 801 Other fabricated metal products 13 22 212 17 34 102 34 461 27 1,131 Other durable goods H. 12(c) 17 3 10 348 83 7 155 49 54 65 252 97 28 5 12 11 38 1 14 23 45 1 23 21 175 13 67 95 127 122 1 4 63 57 1 5 47 45 2 - - 136 103 14 19 503 456 33 14 76 29 9 17 115 160 99 371 62 20 49 89 449 2 5 193 - - 3 — 10 33 145 108 14 128 35 3 8 45 71 2,265 720 695 4,799 534 237 300 877 2,450 1,003 253 102 199 210 239 117 23 17 20 22 35 27 402 25 95 5 32 58 134 1 59 74 345 14 132 199 47 1 9 37 299 201 18 80 166 104 33 29 170 155 1 14 782 620 39 123 62 99 27 59 1,194 291 179 48 13 1,350 21 18 1,209 1 650 1 31,883 1,138 16,922 946 5,752 932 703 1,220 1,738 1,159 239 31 70 19 51 68 3,163 382 354 688 1,191 548 174 16 38 20 44 56 237 31 13 42 93 58 Mining (including crude petroleum and natural gas) 3,329 54 2,154 33 209 Trade - total Commodity dealers Other wholesale Retail 2,193 83 739 1,371 152 1 42 109 820 27 253 540 109 8 31 70 205 6 65 134 Transportation, communication, & other public utilities Transportation Communication Other public utilities 5,890 4,453 415 1,022 141 114 9 18 3,354 2,410 243 701 102 66 21 15 Construction 1,005 30 322 Services 3,079 228 Foreign commercial and industrial loans 1,648 All other loans 6 7 13 15 San . Francisco£/ 614 86 80 12 176 13 168 7 34 16 156 38 Dallas 99 16 3 39 19 22 97 31 13 8 25 20 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Total term loans outstanding Kansas City 41 176 33 79 7 23 34 64 28 7 6 8 15 35 5