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FEDERAL statistical RESERVE release V For immediate release January 11, 1967 COMMERCIAL AMD INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Beginning with this release the report of Commercial and Industrial Loans Outstanding by Industry is revised in coverage and content. The panel of respondent banks in the series is being changed. With minor exceptions all banks in the revised series have total commercial and industrial loans (business loans) outstanding greater than $50 million. Almost all banks in the previous series with business loans of less than $50 million were dropped from the new panel and nonmember and member banks with business loans above that level not in the previous series are being added. Banks in this series account for an estimated JO per cent of all commercial and industrial loans of all commercial banks. In addition to the above revisions more detailed data are now reported by respondent banks. The previous category loans, to "Transportation, communication, and other public utilities," is divided into separate items covering loans to "Transportation," "Communication," and "Other public utilities." The category "All other types of businesses, mainly services" is subdivided into "Services" and "All other loans." Beyond provision of additional detail in these important categories, a substantive change is made in reporting of foreign commercial and industrial loans. Foreign business loans are removed from the various industry categories and included in a new and separate item "All foreign commercial and industrial loans." Bankers' acceptances continue to be reported separately and the item continues to include holdings of bankers' acceptances made for foreign and domestic business accounts. Accumulated adjustments originally made to eliminate the effects of mergers on the old series have been eliminated. Adjustments will be made in the new series as mergers occur but at the end of each year such adjustments will be eliminated rather than accumulated from year to year. Directly comparable year-ago data are not available for the new series. Published week-ago figures are comparable in all respects. Comparability of earlier data published for the old series are affected by the change in the reporting panel, by the exclusion of foreign loans from the industry breakdowns and by the elimination of accumulated adjustments for the effect of mergers. As of December 28, 1966, the date for which both series were reported, the level of classified commercial and industrial loans was raised by 11 per cent. The effect of the change on individual loan items varied. In addition to the revision indicated above, new information will be reported by the revised panel on the proportion of business loans by industry having a maturity in excess of one year. These data will be published on a regular monthly basis, beginning in the near future. A more detailed discussion of the new series will be published in a forthcoming issue of the Federal Reserve Bulletin. H QQ2',Zl /t: 7/: FEDERAL RESERVE release Hill •f'iALRE^: For immediate release January 11, 1967 H.12 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans increased a net of $247 million at weekly reporting large commercial banks during the week ended January 4, 1967. Foreign business loans decreased $26 million to $2,386. <k4n n,m-io?ther Principal loan changes were increases of $286 million in mining, $4 million in communications, and $50 million in other public utilities. These increases were partially offset by a decrease of $165 million in retail. Change from Business of Borrower Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods Cumulative change since Outstanding Jan. 4, Dec. 28, Dec. 28, 1967 E/ 1966 p/ 1966 g/ (In millions of dollars) 10,488 869 4,062 1,998 + 9 + 9 + 21 - 9 - 9 + 21 - 12 - 12 1,566 - 1,993 + 17 + 17 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 9,720 2,756 1,834 1,506 2,132 1,492 + 42 + 21 - 42 + 32 + 26 + 42 + 21 - 42 + 32 + 26 + + Mining, including crude petroleum and natural gas 4,170 +286 +286 Trade - total Commodity dealers Other wholesale Retail 7,648 l, 4oo 2,888 3,360 -189 - 21 -189 Transportation, cummunication, and other public utilities - total Transportation Communication Other public utilities 8 5 - 3 - 8 5 - 21 - 3 -165 -165 7,074 3,928 + 88 2,333 + 50 + 88 - 2 + 4o Construction 2,575 - 33 - 33 Services Bankers1 acceptances 4,845 + 16 565 + 16 + 37 Foreign commercial & industrial loans 2,386 - 26 - 26 All other loans 5,918 + 11 + 11 Total classified loans Total unclassified loans 55,389 5,499 +24l + 6 +24l + 6 Total commercial & industrial loans 60,888 +247 +247 2/ Preliminary. 813 - 2 + 4o + 50 + 37 H. 12(a) COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING AT A SAMFE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED JANUARY 4, 1967 Business of Borrower Durable goods manufacturing total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods All DisNew Phila- CleveBoston York delphia tricts land (in millions of dollars) 10,488 869 4,062 1,998 1,566 1,993 Richmond 403 23 169 52 75 84 4,579 417 1,912 954 432 864 413 19 158 39 125 72 996 167 321 212 196 100 162 16 34 14 37 61 205 17 53 29 43 63 4,477 974 972 625 1,278 329 76 95 33 59 286 62 66 607 105 45 143 195 119 308 101 111 21 47 Nondurable goods manufacturing total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 1,492 406 80 174 10 59 83 Mining, including crude petroleum and natural gas 4,170 33 2,487 44 165 7,648 1,400 2,517 567 996 954 372 38 124 210 417 13 191 213 421 107 118 196 469 47 185 237 9,720 2,756 1,834 1,506 2,132 628 124 7 45 48 28 50 Trade - total Commodity dealers Other wholesale Retail 3,360 2,888 572 88 231 253 Transportation, cummmication, & other public utilities - total Transportation Communication Other public utilities 7,074 3,928 813 2,333 267 102 14 151 3,678 2,030 4l8 1,230 237 126 17 94 4l8 188 47 183 229 139 38 52 213 144 4 65 Construction 2,575 86 659 155 209 188 186 Services 4,845 371 1,486 269 320 178 270 565 8 24o 37 24 3 2 Foreign commercial and industrial loans 2,386 29 1,625 70 60 4 10 All other loans 5,918 59 1,080 4 245 140 Bankers' acceptances Total classified loans Total unclassified loans Total commercial and industrial loans 55,389 5,499 60,888 2,234 22,828 1,930 3,461 312 m 2,546 23,621 142 512 435 431 2,072 3,973 2,052 2,217 E/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. I H. 12(a) COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED JANUARY 4 1967 Chicago St. Louis Durable goods manufacturing total Primary metals ( Machinery ' Transportation equipment ' Other fabricated metal products Other durable goods 2,071 104 907 341 405 314 124 18 47 8 19 32 109 10 32 5 24 38 100 5 20 12 30 33 176 20 48 Nondurable goods manufacturing total Food, liquor, and tobacco Textiles, apparel, and leather ' Petroleum refining Chemicals and rubber Other nondurable goods 1,503 563 161 285 263 231 212 100 14? 12 27 30 150 68 " 10 28 6 38 24 14 21 212 54 23 71 32 32 1,083 491 70 247 107 583 30 4 137 493 138 Trade - total Commodity dealers Other wholesale Retail 878 107 407 364 268 112 59 97 128 23 25 80 303 292 63 119 no 1,011 185 339 487 Transportation, communication, & other public utilities - total Transportat ion Communication Other public utilities 912 463 133 316 610 448 89 73 ^ and natural gas Services Bankers' acceptances k 100 21 30 204 106 15 83 49 94 335 401 520 130 127 92 219 863 - - -- 1 11 196 4 1 23 336 70 29 104 3.807 307 , 7,174 8,089 1,092 599 1,004 2,069 9,595 219 58 230 459 993 1,311 657 1,234 2,528 10,588 E/ Preliminary: (see footnote on previous page) 48 29 6 13 168 33 Total unclassified loans Total commercial and industrial loans 94 159 1,150 53 361 316 131 289 96 224 All other loans 82 6 16 49 43 San Francisco ff/ 133 43 Foreign commercial and industrial loans Total classified loans H H Construction 43 Minne- Kansas Dallas apolis C1£L (In millions of dollars) In addition to the weekly table, a monthly table appears below showing changes during December 1966 compared with the preceding month and with December 1965, and also ishowing changes during the past twelve months. Total commercial and industrial loans increased 1$717 million during the month of December 1966, compared with an increase of $455 million during the month of November 1966 and an increase of $1,678 million in December 1965. Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 12 months 5 weeks 4 weeks 5 weeks ended ended ended ended Dec. 28. 1966 Nov; 30.1966 Dec. 29. 1965 Dec. 28. 1966 (in millions of dollars) - - 9 +170 +116 - 12 + 22 - 4 - 4 +124 - 40 - 17 + + + + + Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +166 - 85 -127 + 53 .+ 20 +191 -101 - 37 + Mining, including crude petroleum and natural gas Trade: Commodity dealers Other wholesale Retail •Transportation, communication, and other public utilities Construction All other: Bankers' acceptances All other types of business,. mainly services 55 92 8 59 8 + 98 +1,260 + 832 + 238 + 474 - 16 269 139 + 105 + 85 + 13 + 419 + 276 3 2 + + 486 + 373 + 45 - 4i + 243 + 526 + 35 - 9 - 97 +242 + 73 + 57 + + 32 25 240 + + + 12 263 408 +286 + 3 +161 - 76 + 467 57 +li,l4l + 16 + 81 + 60 + 94 + 248 - w - — - 168 + 4l6 " — 16 + Total classified loans Total unclassified loans +642 + 75 +573 -118 +1,367 + 311 +7,072 + Total commercial and Industrial loans +717 +455 +1,678 +7,503 t 1
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