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F E D * E R A L R E s t a t i s f ive a I » \ tI tr I "* , / S E R V E r e l e a s e For immediate release January 27, 1971 COMMERCIAL AND i # # m i m J ' L Q A N S OUTSTANDING BY INDUSTRY Commercial and industrial loans decreased a net of $72 million at weekly reporting large commercial banks during the week ended January 20. The principal net decreased were $49 million in loans to manufacturers of food, liquor, and tobacco products, and $59 million in bankers' acceptances. The largest offsetting net increases were $96 million in loans to retail trade, and $59 million to the mining industry including petroleum and natural gas. Business of Borrower Jan. 20 1971 ' Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 14, 868 2, 161 5, 390 2, 879 1, 939 2,499 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 11, 183 2, 856 2, 196 1,454 2, 765 1, 912 Mining (including crude petroleum & natural gas) 4, 011 Trade - total Commodity dealers Other wholesale Retail 9, 028 1, 362 3, 602 4, 064 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities Jan. 21, June 24, Jan. 13, 1970 1970 1971 (In millions of dollars) £ / 10, 033 6, 130 1,,427 2,,476 38 5 6 16 4 29 + + - • 54 49 30 9 8 8 - + + + - + + ~ + - + + + • - + 77 4 15 96 17 47 8 38 495 191 104 96 8 112 -1,258 5 807 + 120 qi q J1J 253 + - - + + + + + + + — 458 230 153 75 451 465 17 933 751 102 517 185 48 199 249 618 59 + 71 71 435 299 114 108 + + - 154 464 21 289 + + 370 490 138 258 + Construction 3j,395 + 15 + 342 + 187 Services 7,,389 - 23 + 549 + 516 Bankers' acceptances 1:,609 - 59 +1 ,038 Foreign commercial & industrial loans 2.,273 - 47 + 134 All other loans 4.,753 - 29 + 98 Total classified loans Total unclassified loans 68.,542 12 ,349 Total commercial & industrial loans 80 ,891 - + - 116 44 72 P/ Preliminary. * San Francisco District classified loans are as of January 13. +1 ,104 + - 119 77 984 883 + 115 4-1,225 +1 ,867 +1 ,340 + + H. 12(a) Dallas 296 31 79 44 55 87 268 74 36 63 50 45 San , FranciscoE/ 2,079 198 677 484 221 499 1,193 609 84 187 159 154 Mining (including crude petroleum and natural gas) 4,011 63 2,354 58 231 7 58 439 25 7 118 442 209 Trade - total Commodity dealers Other wholesale Retail 9,028 1,362 3,602 4,064 586 38 255 293 2,864 594 1,192 1,078 482 75 164 243 496 15 220 261 534 71 188 275 517 23 248 246 1,133 150 483 500 307 102 84 121 177 70 37 70 302 45 97 160 353 70 143 140 1,277 109 491 677 10,033 6,130 1,427 2,476 394 171 64 159 4,914 2,943 644 1,327 298 150 65 83 556 320 84 152 373 187 84 102 316 219 23 74 1,213 775 159 279 219 153 27 39 93 65 5 23 130 72 26 32 264 141 52 71 1,263 934 194 135 Construction 3,395 90 873 255 246 209 187 267 130 59 101 381 597 Services 7,389 418 2,429 629 330 228 354 738 263 151 165 292 1,392 Bankers' acceptances 1,609 40 800 64 50 6 6 303 1 15 85 239 Foreign commercial and industrial loans 2,273 55 1,679 50 53 10 25 301 9 30 61 All other loans 4,753 113 1.838 9 424 316 141 461 I—4 o 00 COMMERCIAL AMD INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED JANUARY 20,1971 (in millions of dollars) All DisNew Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Business of Borrower Boston tricts York delphia land mond Louis apolis City 14,868 Durable goods manufacturing - total 597 6,086 622 1,427 271 277 2,737 175 163 138 Primary metals 2,161 51 1,014 78 321 22 26 362 46 7 5 Machinery 5,390 265 2,317 186 497 79 56 1,108 34 62 30 Transportation equipment 2,879 95 1,405 92 239 30 48 402 8 11 21 Other fabricated metal products 1,939 85 513 144 205 51 76 482 24 39 44 Other durable goods 2,499 101 837 122 165 89 71 383 63 44 38 11,183 652 5,180 478 392 Nondurable goods manufacturing - total 425 391 1,601 290 157 156 Food, liquor, and tobacco 2,856 119 873 92 71 96 121 537 106 86 72 Textiles, apparel, and leather 2,196 292 1,032 122 36 186 130 193 61 15 9 Petroleum refining 20 1,454 35 772 46 12 16 240 25 8 30 Chemicals and rubber 2,765 104 1,675 115 147 65 52 320 37 19 22 Other nondurable goods 1,912 828 117 92 114 66 72 311 61 29 23 5 32 00 1,122 68,542 12,349 3,008 459 29,017 1,041 2,945 280 4,205 792 2,379 698 2,272 640 9,193 1,512 1,517 285 822 67 1,157 344 2,595 593 9,432 5,638 Transportation, communication, & other public utilities Transportation Communication Other public utilities Total classified loans Total unclassified loans Total commercial and industrial loans 3,467 30,058 80,891 2/ Preliminary. Final totals will appear in the F. R. Bulletin. * Classified loans are as of January 13. — — 15.070 889 1,501 3,188 1,802 10,705 2,912 : 3,225 4,997 3,077 San Francisco District final figures appear in a release of that Reserve Bank.