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F E D E R A L R statistical E S E R V E r e l e a s e ••f<ALR6SV H. 12 For Immediate release January 14, 1970 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and Industrial loans decreased in all categories and a net of $1,725 million at weekly reporting large commercial banks during the week, ended January 7. The principal net decreases were $270 million in loans to retail trade, $145 million to services, $108 million to manufacturers of food, liquor, and tobacco products, and $271 million to unclassified borrowers. Business of Borrower Change From Week Ended June 25, Dec. 31, Jan. 8, Jan. 7, * 1969 1969 1969 1970 B./ (In millions of dollars) Durable goods manufacturing total Primary metals - Machinery Transportation equipment Other fabricated metal products Other durable goods 14,934 2,058 5,854 2,598 1,973 2,451 - Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 11,995 3,158 2,308 1,664 2,796 2,069 - r - 194 32 68 8 25 61 +2 ,353 144 +1 ,142 + 617 + 174 + 276 + + + + 249 108 28 48 49 16 + + + + + - + 955 102 537 505 204 15 + + 960 315 184 172 318 315 46 •f 614 402 404 + 54 + 184 - 435 191 - Mining (including crude petroleum & natural gas) 4,715 - 115 Trade - total Commodity dealers Other wholesale Retail 8,570 1,128 3,495 3,947 - 395 57 68 270 + + 216 208 92 332 10,574 5,642 1,450 3,482 - 201 27 99 75 + + + + 994 334 203 457 +1 ,079 f 163 f 252 4- 664 30 + 168 202 145 + 630 f 93 f 153 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities Construction 3,110 Services 6,850 - - + - f 250 172 63 359 45 - 43 Foreign commercial & industrial loans 2,229 12 - 343 All other loans 4,837 68 +1 Total classified loans Total unclassified loans 68,492 11,417 -1,454 - 271 +5 ,581 + 370 +1 ,881 375 Total commercial & industrial loans 79,909 -1,725 +5 ,951 +1 ,506 * San Francisco District classified loans are as of December 31. r-t P/ Preliminary. 00 o 678 Bankers' acceptances 201 f 399 H.12(a) COMMERCIAL AND INDUSTRIAL I/3ANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED JANUARY 7, 1970 (in mil1 ions of dollars] All Dis- Boston New Business of Borrower Phila- CleveMinne | Atlanta Chicago tricts^ York delphia land^ apolis Durable goods manufacturing - total 14,934 602 6,249 611 1,491 278 2,904 135 Primary metals 2,058 48 1,047 64 311 20 375 3 Machinery 5,854 284 2,545 226 540 80 78 1,177 39 53 30 Transportation equipment 2,598 98 1,271 68 239 22 38 376 9 5 13 Other fabricated metal products 1,973 84 527 138 221 39 73 555 25 28 46 Other durable goods 2,451 88 859 115 180 88 69 421 47 46 36 Nondurable goods manufacturing - totals 11,995 579 5,680 504 525 404 376 1,767 280 158 132 Food, liquor, and tobacco 3,158 126 1,061 99 118 92 111 648 106 86 53 Textiles, apparel, and leather 2,308 216 1,156 151 " 62 196 118 212 58 14 12 Petroleum refining 1,664 24 855 39 85 7 26 247 21 10 21 Chemicals and rubber 2,796 92 1,747 103 161 39 58 345 39 16 22 Other nondurable goods 2,069 121 861 112 99 70 63 315 56 32 24 Mining (including crude petroleum and natural gas) 4,715 69 2,876 80 296 64 519 29 8 124 Trade - total 8,570 602 2,689 463 488 461 512 1,101 277 144 290 Commodity dealers 1,128 62 469 57 9 58 35 90 69 38 39 Other wholesale 3,495 256 1,138 157 243 175 238 507 76 34 83 Retail 3,947 284 1,082 249 236 228 239 504 132 72 168 Transportation, communication, & other public utilities 10,574 416 5,241 369 651 375 316 1,384 233 105 135 Transportation 5,642 176 2,680 168 291 177 210 761 147 69 71 Communication 1,450 36 660 53 98 95 23 174 23 10 28 Other public utilities 3,482 204 1,901 148 262 103 83 449 63 26 36 Construction 3,110 95 769 204 228 191 251 213 96 56 124 Services 6,850 433 2,180 554 371 206 344 670 206 129 153 Bankers' acceptances 678 6 344 35 32 6 2 62 1 Foreign commercial and industrial loans All other loans Total classified loans Total unclassified loans 2,229 31 1,642 57 32 14 22 193 1 6 4,837 68,492 132 2,965 1.856 8 286 299 110 29,526 2,885 4,400 2,200 2,279 355 9,168 91 1,365 2 743 11,417 436 1,028 240 737 611 599 1.265 289 73 79,909 . 3,401 30,554 Total commercial and industrial loans £/ Preliminary. Final totals will appear in the F. R. Bulletin. * Classified loans are as of December 31. _2L 1,125 286 Dallas 322 32 99 44 66 81 251 67 23 67 49 45 San FranciscoB* 1,818 108 703 415 171 421 1,339 591 90 262 125 271 475 169 319 61 108 150 1,224 141 480 603 270 135 54 81 1,079 757 196 126 393 490 295 1,309 30 160 26 205 131 2,512 9,324 549 1,531 5 3.125 5.137 2.811 2.878 10.433 1ffiS4 816 1.411 3.061 14.628 San Francisco District final figures appear in a release of that Reserve Bank. For immediate release January 14, 1970 H.12b COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY Total business term loans were $32,789 million as of December. This was an increase of $3,258 million over the comparable data a year ago and an increase of $1,240 million from the last Wednesday in November. The principal changes in term loans during December were increases in $268 million in loans to transportation, $183 million to manufacturers of machinery, $155 million to manufacturers of chemicals and rubber products, $118 million to "other11 public utilities, and $112 million to manufacturers of transportation equipment. The total of all business term loans on December 31, represented approximately 47 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 Endi Nov. 26, Dec. 25, Total Busi- Dec. 31, 1969 1968 1969 ness Loans (%) (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 51 71 46 58 38 47 7,656 1,476 2,749 1,501 761 1,169 + + + + Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 49 29 31 79 64 55 Mining (including crude petroleum & natural gas) Trade - total Commodity dealers Other wholesale Retail + 406 74 183 112 35 72 +1,252 + 138 + 488 + 466 + 23 + 137 6,002 953 713 1,356 1,829 1,151 + + + + + + 280 45 6 46 155 28 + + + + + + 637 178 84 144 141 90 85 4,090 + 46 + 57 22 67 20 29 2,014 79 706 1,229 + + + 50 2 38 14 + + 118 39 63 94 58 78 32 38 6,249 4,414 498 1,337 + + + + 422 268 36 118 + + + + 678 508 57 113 29 904 + 1 + 96 43 2,991 + 46 + 415 Foreign commercial & industrial loans 73 1,642 - 48 - 277 All other loans 25 1,241 + 37 + 282 47 32,789 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities Construction Services Total term loans outstanding £/ Preliminary. • - - + +1 > 240 - +3,258 • » H. 12(c) , -» . ' 1 ' t •, , COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, DECEMBER 31, 1969 (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 7,656 1,476 2,749 1,501 761 1,169 St. Phila- Cleve- Rich- Atlanta Chicago New Louis delphia land mond York 85 1,497 88 74 810 163 3,852 266 29 6 297 4 214 816 14 27 20 26 25 550 244 59 1,484 127 2 201 13 9 150 18 62 806 13 236 16 13 97 42 273 21 21 213 17 33 105 30 473 29 113 1,013 103 180 240 171 251 3,375 22 272 30 33 22 37 374 41 13 99 14 85 11 369 33 70 20 193 14 5 45 24 20 830 26 25 235 18 88 40 1,289 45 32 214 20 39 59 52 513 75 Boston 348 74 9 135 35 95 12 4 12 112 15 5 52 17 23 26 3 72 319 109 297 9 119 169 35 1 9 25 27 2 10 15 . 40 1 15 24 34 2 14 18 171 14 82 75 163 146 3 14 882 628 52 202 147 133 5 9 66 52 4 10 58 50 6 2 155 105 14 36 450 379 51 20 25 58 65 14 9 19 137 122 189 50 104 356 64 22 53 76 387 29 22 4 4 121 - - 4 - " 13 143 1 101 123 21 116 37 1 10 38 104 • 977 2,152 764 696 4,864 521 239 328 987 2,465 Mining (including crude petroleum and • natural gas) 4,090 61 2,648 43 253 4 35 517 Trade - total Commodity dealers Other wholesale Retail 2,014 79 706 1,229 138 41 97 762 36 224 502 133 8 32 93 145 1 67 77 98 4 35 59 134 1 58 75 Transportation, communication, & other public utilities Transportation Communication Other public utilities 6,249 4,414 498 1,337 152 114 12 26 3,577 2,434 264 879 106 73 21 12 301 185 28 88 192 115 38 39 904 23 290 51 91 Services 2,991 225 1,185 280 Foreign commercial and industrial loans 1,642 20 1,282 All other loans 1.241 1 688 32,789 1,137 17,659 103 13 26 12 14 38 San . FranciscoE/ 631 54 167 215 20 175 Dallas 32 4 6,002 953 713 1,356 1,829 1,151 Total term loans outstanding Minne- Kansas City apolis 43 44 2 6 15 9 4 9 7 20 15 64 29 5 6 7 17 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Construction < - -