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FEDERAL C? :::::: RESERVE statistical release H. 12 For immediate release February 11, 1970 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans increased a net of $170 million at weekly reporting large Commercial banks during the week ended February 4. The principal net increases were $113 million in loans to retail trade, $93 million to services, $92 million to manufacturers of Chemicals and rubber products. The largest offsetting net decrease was $92 million in loans to "all other11 types of business concerns. Business of Borrower Outstanding Feb. 4, * 1970 P/ Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 14,894 2,042 5,757 2,711 1,996 2,388 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 11,619 2,956 2,253 1,547 2,821 2,042 Change From Week Ended June 25, Jan.28,1 Feb. 5, 1969 1969 1970 | (In millions of dollars) +915 +2 ,276 +158 + 86 101 11 +440 +1 ,044 69 +618 722 66 -181 188 12 - 48 221 22 + + • + + + + + + + + + + 43 29 21 54 92 13 Mining (including crude petroleum & natural gas) 4,466 -114 Trade - total Commodity dealers Other wholesale Retail 8,497 1,134 3,367 3,996 + 96 1 18 +113 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 10,224 5,564 1,372 3,288 + + - 71 36 36 71 +1 ,062 498 74 386 508 368 -330 +412 -457 -521 + 79 +157 685 -440 116 248 19 345 -323 +178 -191 -310 996 304 208 484 +729 + 85 +174 +470 + + + + - + - + + + + + + Construction 3,028 + 8 + 3 -284 Services 6,821 + 93 + 565 + 64 + 40 - 31 + 79 Bankers1 acceptances 604 Foreign commercial & industrial loans 2,193 - 13 - 360 -237 All other loans 4,697 - 92 + 928 +259 Total classified loans Total unclassified loans 67,043 11,250 +148 22 + + 44 ,870 312 +432 -542 Total commercial & industrial loans 78,293 +170 +5 ,182 -110 P/ Preliminary. * San Francisco District Classified Loans are as of January 28. H-12(a) CCMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED FEBRUARY 4, 1970 ^ (in millions of dollars) All DisNew Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San / Business of Borrower Boston tricts York delphia land mond Louis apolis City Francis coE/* Durable goods manufacturing - total 14,894 593 6,102 1,527 235 599 271 2,919 159 125 134 335 1,895 Primary metals 2,042 50 992 62 326 31 22 382 13 3 6 33 122 Machinery 280 5,757 2,464 216 539 1,166 74 67 31 44 48 112 716 Transportation equipment 2,711 1,323 98 242 21 40 74 394 8 16 5 42 448 Other fabricated metal products 1,996 81 521 132 234 40 26 73 569 27 45 67 181 Other durable goods x 2,388 84 802 115 186 87 69 408 50 36 42 81 428 Nondurable goods manufacturing - total 11,619 585 5,492 504 444 397 376 1,711 298 150 134 256 1,272 Food, liquor, and tobacco 126 2,956 1,001 102 93 109 102 89 599 78 55 69 533 Textiles, apparel, and leather 2,253 221 1,134 144 45 185 213 111 64 17 12 27 80 Petroleum refining 24 1,547 828 36 50 10 23 226 20 10 19 242 59 Chemicals and rubber 2,821 1,680 97 115 171 40 361 70 52 17 25 53 140 Other nondurable goods 2,042 117 849 107 63 85 73 60 312 28 23 48 277 Mining (including crude petroleum and natural gas) 4,466 70 2,657 80 65 502 29 7 122 8 294 474 158 Trade - total 8,497 594 2,720 462 472 501 1,136 445 266 135 278 316 1,172 Commodity dealers 1,134 486 59 55 33 9 59 98 57 36 37 148 57 Other wholesale 3,367 200 259 1,098 157 173 225 508 31 78 107 452 79 Retail 3,996 131 530 213 243 260 276 253 1,136 162 572 68 152 Transportation, communication, & other 10,224 340 606 414 4,924 322 374 1,352 229 84 129 248 1,202 public utilities 170 2,603 166 300 5,564 Transportation 173 214 744 144 58 70 130 792 Communication 36 1,372 66 20 578 168 59 95 24 6 24 241 55 Other public utilities 3,288 208 1,743 240 106 61 115 20 88 440 35 63 169 Construction 3,028 213 201 213 93 194 216 93 759 56 117 389 484 6,821 421 2,166 559 359 198 341 671 230 604 8 244 30 25 4 6 40 1 Foreign commercial and industrial loans 2,193 31 1,643 53 20 13 19 184 1 7 All other loans 4,697 127 1,763 9 482 267 107 328 111 11 67,043 2,936 426 28,470 1,060 2,859 234 4,420 732 78,293 3,362 29,530 Total commercial and industrial loans 2/ Preliminary. Final totals will appear in the F. R. Bulletin. 3,093 5,152 2,134 586 2,720 2,221 570 2,791 9,059 1,306 10,365 1,417 286 1,703 688 72 760 Services Bankers' acceptances Total classified loans Total unclassified loans * 11.250 classified loans are as of January 28. 112 - - 147 279 1,338 - - 35 211 - - 26 196 38 124 1.330 1,099 285 1,384 2,482 536 3,018 9,258 5.157 14,415 San Francisco District final figures appear in a release of that Reserve Bank. For immediate release February 11, 1970 H. 12b * COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY Total business term loans were $32,248 million as of January. This was a decrease of $1,819 million over the comparable data a year ago and a decrease of $541 million from the last Wednesday in December. The principal changes in term loans during January were decreases of $174 million in loans to the mining industry, (which includes producers of petroleum and » natural gas), $71 million to transportation, and $63 million to manufacturers of machinery. r» * The total of all business term loans on January 28, represented approximately 49 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 Jan. 29, Total Busi- Jan. 28, Dec. 31, 1969 1969 ness Loans 1970 (In millions of dollars) (%) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 51 70 47 59 38 48 7,570 1,428 2,686 1,554 757 1,145 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 51 32 32 82 67 56 5,925 942 708 1,310 1,832 1,133 Mining (including crude petroleum & natural gas) 86 3,916 Trade - total Commodity dealers Other wholesale Retail 24 8 20 32 2,008 90 686 1,232 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 60 78 36 39 6,141 4,343 480 1,318 Construction 30 Services - + - - - - + • - 86 48 63 53 4 24 + 1,078 74 + 363 + + 459 63 + 119 + 77 11 5 46 3 18 + + + - + + 455 239 87 194 249 74 526 174 6 11 20 3 + + 117 24 33 108 — 108 71 18 19 + + + + 433 318 42 73 893 - 11 + 30 44 2,936 - 55 + 261 Foreign Commercial & industrial loans 75 1,645 + - 256 All other loans 25 1,214 - 27 + 227 49 32,248 - 541 Total term loans outstanding - + - + - 3 + - - 1,819 COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, (in millions of dollars) All DisHew Phila- CleveBusiness of Borrower Boston Atlanta tricts York delphia land Durable goods manufacturing - total 7,570 270 3,740 157 837 88 75 Primary metals 1,428 25 760 226 14 5 6 Machinery2,686 133 1,428 57 245 26 26 Transportation equipment 1,554 61 840 20 152 13 9 Other fabricated metal products 757 22 259 37 102 15 14 Other durable goods 1,145 29 453 29 33 112 16 Nondurable goods manufacturing - total 5,925 256 3,242 174 271 183 99 Food, liquor, and tobacco 942 364 39 22 35 37 30 Textiles, apparel, and leather 708 363 71 36 13 83 13 Petroleum refining 1,310 19 776 60 21 4 15 Chemicals and rubber 1,832 51 1,231 46 108 18 23 Other nondurable goods 1,133 76 508 49 55 18 41 11 H- 12(c) WEEKLY REPORTING WEEK ENDED JANUARY 28, 1970 ' San . Minne- Kansas Dallas Chicago St. FranciscoE/ apolis City Louis 1,500 630 88 44 43 98 293 2 29 13 55 542 20 15 163 7 24 212 3 4 9 12 219 242 14 8 8 22 14 211 22 15 19 35 171 1,025 121 65 32 100 357 268 22 29 4 14 78 98 13 5 8 5 206 6 19 130 12 42 237 33 8 56 4 17 216 34 17 12 22 85 • — • • Mining (including crude petroleum and natural gas) 3,916 60 2,541 49 261 5 33 478 25 5 69 282 108 Trade - total Commodity dealers Other wholesale Retail 2,008 90 686 1,232 133 1 42 90 . 746 36 222 488 111 8 31 72 179 6 60 113 96 6 36 54 121 1 51 69 303 9 117 177 34 1 8 25 28 2 11 15 40 1 15 24 39 4 17 18 178 15 76 87 Transportation, communication, & other public utilities Transportation Communication Other public utilities 6,141 4,343 480 1,318 147 111 12 24 3,463 2,355 243 865 112 75 23 14 323 219 26 78 193 111 40 42 164 151 3 10 896 635 54 207 143 131 4 8 68 53 4 11 56 48 6 2 141 91 14 36 435 363 51 21 893 20 294 53 87 26 60 62 19 9 22 131 110 Services 2,936 234 1,167 287 187 47 108 329 67 21 55 61 373 Foreign commercial and industrial loans 1,645 15 1,314 29 15 4 116 — — 4 12 136 All other loans 1.214 1 625 1 139 114 15 120 40 5 10 39 105 32,248 1,136 17,132 973 2,299 752 679 4.829 537 249 327 903 2,432 Construction Total term loans outstanding —
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