The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
-voSS^V.- F E D E R A L statistical R E S E R V E release For immediate release March 11, 1970 H. 12 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans increased a net of $330 million at weekly reporting large commercial banks during the week ended March 4. The principal net increases were $74 million in loans to manufacturers of machinery, $61 million in bankers' acceptances, and $140 million to unclassified borrowers. The larger offsetting net decreases were $49 million in loans to the mining industry, which includes producers of petroleum and natural gas, and $48 million to "other" public utilities. Business of Borrower Change From Week Ended Outstanding Dec. 31, Feb. 25, Mar. 5, Mar. 4, * 1969 1969 1970 p/ 1970 (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 15,239 2,005 5,932 2,753 2,116 2,433 +146 - 4 + 74 + 12 + 49 + 15 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 11,828 2,885 2,432 1,547 2,898 2,066 + 65 + 4 + 13 + 5 + 44 Mining (including crude petroleum & natural gas) 4,385 Trade - total Commodity dealers Other wholesale Retail 8,608 1,089 3,400 4,119 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 9,997 5,558 1,346 3,093 Construction Services - 1 - 49 +2 ,319 54 +1 ,135 + 679 + 201 + 250 + +1 ,028 456 74 350 + 514 + 334 + + - + 16 591 26 2 + 44 + 136 298 70 232 - 55 5 2 48 + + + + 875 287 169 419 3,050 - 2 + 6,848 - 5 571 Foreign commercial & industrial loans All other loans Bankers' acceptances - - + - + + + - 78 80 6 121 113 82 - 409 368 95 171 53 18 - 452 - + - + - - 331 101 169 61 - 843 178 193 472 8 - 92 + 408 - 172 + 61 + 1 137 2,183 + 16 - 381 55 4,700 - + 828 - 3 - - 245 Total classified loans Total unclassified loans 67,409 11,136 +190 +140 +4,359 18 -2,658 - 288 Total commercial & industrial loans 78,545 +330 +4,341 -2,946 P/ Preliminary. San Francisco District classified loans are as of February 25. 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 MARCH 4, 1970 (in millions of dollars) ' All Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Business of Borrower tricts York delphia land mond Louis apolis City Durable goods manufacturing - total 605 6,229 603 1,547 280 15,239 249 2,984 175 130 136 Primary metals 2,005 46 950 64 329 25 378 13 32 3 6 Machinery 5,932 289 2,573 207 540 78 69 1,204 33 47 47 Transportation equipment 103 1,292 73 2,753 23 244 416 10 6 41 15 Other fabricated metal products 82 136 2,116 565 242 73 30 44 607 33 44 Other durable goods 2,433 85 123 849 192 91 72 379 56 38 41 Nondurable goods manufacturing - total 11,828 651 522 475 406 5,541 1,672 391 299 164 132 Food, liquor, and tobacco 2,885 118 1,001 102 81 110 99 574 84 90 55 Textiles, apparel, and leather 2 , 432 ' 284 1,192 150 49 198 206 117 78 19 15 Petroleum refining 24 37 24 216 1,547 824 47 11 22 8 19 Chemicals and rubber 103 2,898 1,680 126 186 370 42 75 56 18 23 Other nondurable goods 2,066 122 844 110 91 74 65 306 20 29 59 349 33 113 51 69 83 San FranciscoE/ 1,952 126 732 479 191 424 251 67 30 56 51 47 1,324 504 94 259 168 299 Dallas Mining (including crude petroleum and natural gas) 4,385 72 2,627 80 289 7 65 479 29 10 119 444 164 Trade - total Commodity dealers Other wholesale Retail 8,608 1,089 3,400 4,119 600 53 255 292 2,792 472 1,129 1,191 454 53 158 243 481 10 206 265 456 49 169 238 523 32 233 258 1,112 101 504 507 275 57 78 140 137 32 33 72 273 33 80 160 323 51 113 159 1,182 146 442 594 Transportation, communication, & other public utilities Transportation Communication Other public utilities 9,997 5,558 1,346 3,093 405 163 36 206 4,863 2,621 571 1,671 273 154 53 66 635 315 71 249 349 173 94 82 315 213 21 81 1,289 720 153 416 230 147 28 55 86 59 7 20 122 66 23 33 248 131 56 61 1,182 796 233 153 Construction 3,050 91 771 211 199 200 212 217 96 56 102 393 502 Services 6,848 420 2,186 568 358 199 333 678 203 118 145 284 1,356 571 9 265 25 12 2 6 82 1 1 31 137 Foreign commercial and industrial loans 2,183 31 1,634 53 20 14 20 190 23 188 All other loans 4,700 123 1,818 8 483 258 109 339 67,409 3,007 28,726 2,797 4,499 2,140 2,254 11,136 433 1,078 229 744 578 578 3,440 29,804 78,545 Total commercial and industrial loans 2/ Preliminary. Final totals will appear in the F. R. Bulletin. 3.026 Bankers' acceptances Total classified loans Total unclassified loans * Classified loans are as of February 25. — 10 - - 118 11 39 119 1,275 9,042 1,426 722 1,069 2,465 9,262 1,320 287 72 287 529 5,001 - - 5.243 2.718 2.832 10.362 1.713 794 2.994 1.356 14.263 San Francisco District final figures appear in a release of that Reserve Bank. For immediate release March 11, 1970 H.12b COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY - Total business term loans were $31,996 million as of February. This was an increase of $1,514 million over the comparable data a year ago and a decrease of $252 million from the last Wednesday in January. The principal changes in term loans during February were decreases of $159 million in loans to the mining industry, which includes producers of petroleum and natural gas, $76 million to petroleum refiners, and $74 million to "other" public utilities. The total of all business term loans on February 25, represented approximately 48 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 Endec Total Busi- Feb. 25, Jan 28, Feb 26, Dec 3 ness Loans 1970 1970 1969 1969 (%) (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 50 71 47 56 36 47 7,607 1,420 2,748 1,544 754 1,141 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 50 33 30 80 66 54 5,923 952 721 1,234 1,896 1,120 Mining (including crude petroleum & natural gas) 85 Trade - total Commodity dealers Other wholesale Retail + 37 8 + 62 10 3 4 . 2 +1 ,117 + 64 + 510 + 408 + 45 + 90 + - + + + - 79 - 1 + 8 -122 + 67 - 31 49 56 1 43 7 28 - 13 + + 474 267 89 302 325 95 3,757 -159 - 598 -333 23 7 20 30 2,010 81 693 1,236 + + + + 2 9 7 4 + + 117 31 61 87 - 4 + 2 - 13 + 7 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 60 77 35 40 6,007 4,291 472 1,244 -134 52 8 74 + + + + 376 319 43 14 -242 -123 - 26 - 93 Construction 29 899 + 6 + 11 Services 43 2,971 + 35 + 148 - 20 Foreign commercial & industrial loans 75 1,627 - 18 - 258 - 15 All c.her loans 25 1,195 - 19 + 127 - 46 48 31,996 +1, 514 -793 Total term loans outstanding £/ Preliminary. + 10 + 13 76 + 64 -252 - 5 H. 12(c) COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, FEBRUARY 25, 1970 (in pii"iions of dollars) St. MinnePhila- Cleve- Rich- Atlanta Chicago All Dis- Boston New Business of Borrower apolis mond Louis delphia land tricts York 41 1,507 91 845 78 158 89 3,733 272 7,607 Durable goods manufacturing - total 2 28 5 301 228 7 Primary metals 14 22 739 1,420 13 21 Machinery 542 248 27 27 56 1,463 139 2,748 Transportation equipment 8 208 4 10 13 20 154 62 821 1,544 Other fabricated metal products 13 239 8 15 101 14 36 21 261 754 21 14 33 16 217 Other durable goods 32 114 28 449 1,141 Kansas City 40 - - 6 8 8 18 11 4 11 380 80 8 127 70 95 5 68 281 107 29 1 8 20 28 2 12 14 42 1 14 27 43 1 19 23 190 15 87 88 864 612 51 201 140 129 4 7 68 53 4 11 55 47 6 2 137 92 14 31 429 368 46 15 59 67 21 9 23 132 116 47 109 373 67 21 54 61 378 - - 4 119 4 - - 12 124 107 15 112 41 4 10 40 106 746 679 4,825 541 239 323 901 2,488 5,923 952 721 1,234 1,896 1,120 260 38 74 20 52 76 3,230 366 367 746 1,260 491 171 19 34 19 48 51 258 35 13 42 112 56 183 37 84 6 18 38 99 30 14 11 25 19 1,027 281 106 189 246 205 125 21 13 20 36 35 59 25 4 6 7 17 31 5 Mining (including crude petroleum and natural gas) 3,757 60 2,411 46 256 5 33 458 27 Trade - total Commodity dealers Other wholesale Retail 2,010 81 693 1,236 121 1 40 80 750 34 222 494 111 8 31 72 180 2 64 114 96 6 34 56 122 1 51 70 298 9 111 178 Transportation, communication, & other public utilities Transportation Communication Other public utilities 6,007 4,291 472 1,244 151 116 12 23 3,391 2,325 244 822 95 68 22 5 324 219 25 80 193 113 41 39 160 149 3 8 899 12 293 52 89 26 Services 2,971 223 1,165 289 184 Foreign commercial and industrial loans 1,627 15 1,307 27 15 All other loans 1,195 1 621 1 137 31,996 1,115 16,901 950 2,288 Total term loans outstanding 95 12 24 13 14 32 San . Francis cd-v 658 62 182 223 24 167 100 15 4 37 18 26 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Construction Dallas — —
