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FEDERAL RESERVE statistical release For immediate release November 10, 1971 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans increased a net of $100 million at weekly reporting large commercial banks during the week ended November 3. The principal net increases were $124 million in loans to "other" public utilities, and $85 million to communications. The larger offsetting net decreases were $93 million in loans to mining (including petroleum and natural gas), and $72 million to chemical and rubber products. Outstanding Change From Week Ended Oct. 27, Nov. 4, June 30, B/* 1971 1970 1971 (In millions of dollars) Business of Borrower Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 14,139 2,183 4,695 2,697 1,853 2,711 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 10,645 2,744 2,465 1,119 2,444 1,873 Mining (including crude petroleum & natural gas) Trade - total Commodity dealers Other wholesale Retail - + - 67 23 35 • - + - + 3,766 - -1,273 + 65 906 200 209 23 - mm • 29 26 96 18 11 37 72 6 - + - - 1,135 134 558 26 293 124 780 144 185 346 223 170 + 122 349 141 58 423 35 + + 93 - 354 + 119 + + + + 897 243 593 61 + + + + 783 255 371 157 + + + 59 380 115 554 168 10,349 1,399 4,330 4,620 + 52 46 23 29 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 9,835 5,617 1,450 2,768 + + + + 229 20 85 124 + + 83 212 210 85 Construction 3,823 + 43 + 549 + Services 7,594 - 2 + 423 - Bankers' acceptances 1,716 + 56 + 753 + 577 Foreign commercial & industrial loans 2,936 - 17 + 637 + 288 All other loans 5,380 - 9 + 759 + 499 + + - - 57 Total classified loans Total unclassified loans 70,183 12,987 + + 96 4 +1,694 +1, 157 +1 ,179 731 Total commercial & industrial loans 83,170 + 100 +2,851 + P/ Preliminary. * San Francisco District classified loans are as of October 27. 448 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 November 3, 1971 Durable goods manufacturing - total Primary metals MachineryTransportation equipment Other fabricated metal products Other durable goods Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods All Dis- Boston| New Phi1htricts York delphia| 14,139 610 5,829 642 1,278 2,183 45 1,023 81 304 4,695 264 2,077 147 372 2,697 75 1,289 • 100 218 1,853 97 470 161 209 2,711 129 970 153 175 S If Business of Borrower Rich- Atlanta Chicago St. Minne- Kansas 1Dallas mond Louis apolis City 1 (Francisco^/^ 276 274 2,605 186 164 132 401 1,842 27 34 375 42 13 6 42 191 79 68 946 33 58 28 90 533 28 52 396 19 7 14 29 470 59 60 453 26 29 46 61 182 83 60 435 66 57 38 79 466 382 374 1,574 204 123 117 256 1,075 64 108 499 79 50 61 41 557 205 126 218 49 18 13 39 110 12 21 215 10 14 26 50 156 53 46 295 17 12 16 50 127 48 73 347 49 29 21 56 125 10,645 2,744 2,465 1,119 2,444 1,873 602 96 281 22 81 122 5,066 1,046 1,204 519 1,514 783 492 72 150 37 109 124 380 71 52 37 124 96 3,766 10,349 1,399 . 4,330 4,620 41 659 36 276 347 2,089 3,532 672 1,540 1,320 61 583 78 220 285 181 562 15 247 300 8 606 83 251 272 54 518 31 250 237 434 1,280 138 539 603 17 340 82 115 143 11 188 50 57 81 128 299 31 113 155 438 357 48 148 447 157 39 251 101 4,984 2,826 641 1,517 1,040 294 148 73 73 245 522 267 79 176 297 382 165 84 133 284 Services 317 215 28 74 179 1,103 637 152 314 340 210 140 41 29 143 93 54 14 25 102 115 65 31 19 100 259 143 58 58 389 1,109 800 Construction 9,835 5,617 1,450 2,768 3,823 7,594 441 2,357 725 359 254 336 804 209 Bankers' acceptances 159 209 1,716 310 29 1,431 660 100 200 4 9 376 Foreign commercial and industrial loans 13 2,936 12 60 73 1,963 244 72 98 37 29 442 3 All other loans 9 5,380 144 50 2,022 160 19 380 350 170 544 89 11 70,183 12,987 83,170 174 3,147 512 29,542 1,082 1.434 3,233 4,257 298 807 2,583 713 2,260 9,502 721 1.677 2,981 11.179 1,414 316 1f7^n Mining (including crude petroleum and natural gas) Trade - total Commodity dealers Other wholesale Retail Transportation, communication, & other public utilities Transportation Communication Other public utilities Total classified loans Total unclassified loans Total commercial and industrial loans 3,659 30,624 jd/ Preliminary. Final totals will appear in the F. R. Bulletin. * Classified loans are as of October 27. — — 43 161 304 1,425 135 574 716 210 99 603 860 1,155 2,603 9,627 52 363 602 5.844 3,531 5,064 3,296 912 1,518 3.205 15.471 San Francisco District final figures appear in a release of that Reserve Bank. For immediate release November 10, 1971 H.12b COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY Total business term loans were $32,369 million as of October. This was an increase of $148 million over the comparable data a year ago and a decrease of $66 million from the last Wednesday in September. The principal net changes in term loans during October were $131 million in loans to manufacturers of chemical and rubber products, $87 million to the mining industry (including petroleum and natural gas) and $127 million to transportation. The total of all business term loans on October 27 represented approximately 47 percent 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 Total Busi- Oct. 27, Sept. 29, Oct. 28, June 30, ness Loans 1971 1971 1970 1971 (%) (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 53 69 5260 40 44 7,547 1,496 2,478 1,626 744 1,203 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 48 36 24 78 66 56 5,169 975 585 900 1,661 1,048 Mining (including crude petroleum & natural gas) 78 Trade - total Commodity dealers Other wholesale Retail — - - 137 29 3 63 32 10 • • - + 401 65 346 6 + 44 60 - 214 104 59 62 78 35 629 23 135 315 + 28 128 + 138 11 12 23 164 26 • + 93 13 22 43 131 30 - 3,023 + 87 - 402 + 25 24 9 20 32 2,466 116 868 1,482 + + + + 28 7 16 5 + + + + 242 + 44 + 105 93 + 33 20 10 23 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 64 80 31 49 6,183 4,461 418 1,304 + + 98 127 2 31 + + 301 16 31 286 + 30 187 51 208 Construction 33 1,245 + 48 + 280 + 60 Services 45 3,408 + 51 + 350 + 150 Foreign commercial & industrial loans 66 1,940 + 48 + 328 + 48 All other loans 26 1,388 — + 79 + 74 47 32,369 66 + 148 + 8 Total term loans outstanding p/ Preliminary. — - + - - - • - — - - $ H. 12(c) COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, OCTOBER 27, 1971 (in millions of dollars) ^ St. MinneAll DisNew RichPhilaCleveAtlanta Chicago Boston Business of Borrower apolis Louis mond tricts York delphia land 1,430 269 105 3,871 740 86 7,547 192 55 99 Durable goods manufacturing - total 1,496 26 32 28 210 6 264 3 807 14 Primary metals 50 20 2,478 141 1,348 205 24 25 476 Machinery17 Transportation equipment 1,626 28 233 42 982 14 139 8 12 5 210 17 53 241 12 744 109 15 14 12 Other fabricated metal products 1,203 33 216 41 18 524 49 29 18 77 Other durable goods Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 5,169 975 585 900 1,661 1,048 202 25 61 16 50 50 2,787 450 261 481 1,130 465 181 28 39 14 47 53 217 25 15 31 88 58 166 27 87 5 20 27 108 38 15 7 23 25 896 220 70 162 212 232 94 24 14 3 19 34 51 22 6 2 2 19 Mining (including crude petroleum and natural gas) 3,023 24 1,896 44 153 4 30 402 15 Trade - total Commodity dealers Other wholesale Retail 2,466 116 868 1,482 159 1 50 108 963 51 331 581 108 8 39 61 202 4 64 134 126 6 59 61 139 3 63 73 356 22 115 219 41 2 11 28 Transportation, communication, & other public utilities Transportation Communication Other public utilities 6,183 4,461 418 1,304 159 106 8 45 3,679 2,520 239 920 119 93 14 12 278 191 22 65 148 71 30 47 165 154 1 10 777 579 45 153 129 126 3 Construction 1,245 23 428 38 157 87 56 75 Services 3,408 233 1,434 331 191 52 111 Foreign commercial and industrial loans 1,940 31 1,546 22 44 4 All other loans 1,388 * 656 9 121 17,260 1,044 2,103 Total term loans outstanding 32,369 W 1,100 Kansas City 42 — 5 6 12 19 36 11 Dallas 94 12 20 9 18 . 35 San . FranciscoE/ 564 94 147 148 31 144 15 3 7 115 17 3 41 24 30 316 88 14 123 43 48 5 56 260 134 34 1 12 21 32 12 20 43 37 1 . 5 48 42 3 3 151 106 19 26 487 436 33 18 30 14 14 145 178 356 80 18 64 93 445 3 202 2 5 7 74 139 21 162 34 5 8 812 732 4,656 530 230 300 mm mm — — - — 48 2 21 25 . . 70 983 258 16 91 151 163 2,619