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FEDERAL

•«?/

-x^nrnJi"

RESERVE

s t a t i s t i c a l

r e l e a s e
For immediate release
October 14, 1970

H. 12

COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY
Commercial and industrial loans decreased a net of $360 million at
weekly reporting large commercial banks during the week ended October 7.
The principal net decreases were $135 million in loans to manufacturers
of primary metals, $103 million to manufacturers of chemical and rubber products,
and $120 million to manufacturers of l,othern nondurable goods.
The largest offsetting net increase was $78 million in loans to
unclassified borrowers.
Outstanding
Business of Borrower
Durable goods manufacturing • total
»
Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods

Oct. 7, *
1970 g/

Change From Week Ended

Sept. 1
1970

Oct. 8,
1969

(In millions of dollars)

16,108
2,175
5,998
2,945

2,166
2,824

-

175
135
4
63

+

27

+1,603
+ 137
+ 433
+ 704
+
59
+ 270

+

11,900
2,569
2,821
1,615
2,698
2,197

268

1
7
37
103
120

Mining (including crude petroleum &
natural gas)

4,120

61

Trade - total
Commodity dealers
Other wholesale
Retail

9,013
1,010
3,717
4,286

Transportation, communication, and
other public utilities - total
Transportation
Communication
Other public utilities

9,632
5,813
1,224
2,595

101
5
52
44

+
+
+
+

18
9
199

+
+

186
86

+

72
34
185
108
24
19

18

+
-

Nondurable goods manufacturing - total
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

[June 24,
I
1970

100
49
110

+

6

-

173

-

727
463
160
181
122

+
+
+
+

375
296
21
650

86
-

140
139
112
94
67

+

•

+
+

31
173
65
139

+

87
62
41
16

3,247

-

16

+

28

+

39

7,086

+

17

+

505

+

213

741

-

15

+

276

+

236

Foreign commercial & industrial loans

2,253

+

32

-

All other loans

5.004

+

34

+

Construction
Services
Bankers 1

acceptances

Total classified loans
Total unclassified loans

69,104
11,709

Total commercial & industrial loans

80,813

-

-

+

-

+
-

*




-

+

99

250

+

174

+

677

+2 ,027
+
366

360

+2 ,393

San Francisco District classified loans are as of September 30.

+

14

438
78

P/ Preliminary.

-

+ 585
+1 ,262

H.12(a)

COMMERCIAL AMD INDUSTRIAL LOANS OUTSTANDING AT A SAMPLE OF WEEKLY REPORTING
LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED
October 7, 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
16,108
676
6,834
671 1,546
273
296
2,934
190
162
139
Primary metals
2,175
1,036
58
16
332
74
29
384
47
7
5
Machinery
5,998
313
2,643
222
528
89
65
1,152
41
53
31
Transportation equipment
2,945
102
1,478
88
238
31
406
8
44
12
_ 14
Other fabricated metal products
2,166
619
89
151
259
45
83
547
31
38
46
Other durable goods
2,824
114
1,058
136
189
92
75
63
445
52
43
Nondurable goods manufacturing - total
11,900
5,645
742
536
455
420
382
1,695
265
154
131
Food, liquor, and tobacco
2,569
113
777
91
78
87
106
525
73
78
47
Textiles, apparel, and leather
2,821
354
1,407
61
200
161
66
131
248
22
18
Petroleum refining
1,615
25
819
39
53
14
18
249
25
9
21
Chemicals and rubber
2,698
97
1,679
116
52
157
49
300
37
17
21
Other nondurable goods
2,197
153
963
129
106
67
78
64
373
28
24
Mining (including crude petroleum and
8
66
67
432
4,120
2,487
259
10
27
124
55
natural gas)

Dallas

San
,
FranciscoE/

316
29
95
36
68
88
247
68
24
61
48
46

2,071
158
766
488
190
469
1,228
526
129
282
125
166

414

171

Trade - total
Commodity dealers
Other wholesale
Retail

9,013
1,010
3,717
4,286

596
38
257
301

2,971
462
1,258
1,251

504
49
177
278

520
14
217
289

515
70
186
259

518
25
248
245

1,152
91
527
534

282
50
100
132

178
46
44
88

300
39
91
170

326
37
132
157

1,151
89
480
582

Transportation, communication, & other
public utilities
Transportation
Communication
Other public utilities

9,632
5,813
1,224
2,595

352
161
28
163

4,739
2,770
547
1,422

287
132
56
99

599
312
65
222

353
176
93
84

308
225
20
63

1,254
785
166
303

194
147
20
27

93
65
7
21

111
63
27
21

247
131
47
69

1,095
846
148
101

Construction

3,247

93

876

260

213

212

195

234

122

64

102

Services

7,086

386

2,343

575

348

214

328

762

208

123

154

379
285

497
1,360

741

9

392

43

20

3

6

128

—

1

1

14

124

Foreign commercial and industrial loans

2,253

35

1,714

49

25

9

22

292

—

7

- -

22

78

All other loans

5,004

114

1,916

7

505

290

123

388

103

7

28

164

1.359

69,104

3,069

29,917

2,999

4,490 2,299

2,233

9,271

1,391

797

1,090

2,414

9,134

11,709

464

1,066

276

625

1,428

271

73

311

551

5,240

Bankers' acceptances

Total classified loans
Total unclassified loans

Total commercial and industrial loans
80.813 3.533 30.983
2/ Preliminary. Final totals will appear in the F. R. Bulletin.
Digitized for * Classified loans are as of September 30.
FRASER


764

640

3.275 5.254 2,939
2,858 10.699 1.662
870 1,401
2,965
14,374
San Francisco District final figures appear in a release of that Reserve Bank.

For immediate release
October 14, 1970
H.12b

COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING BY INDUSTRY

Total business term loans were $32,622 million as of September. This was an
* increase of $1,147 million over the comparable data a year ago and an increase of
+$779 million from the last Wednesday in August.
f

The principal net changes in term loans during September were $,203 million
loans to manufacturers of primary metals, $116 million to manufacturers of chemical
and rubber products, and $80 million to the mining industry.

n
r4-

\
The total of all business term loans in September 30 represented approximately
47 percent of total of business loans outstanding at large commercial banks reporting
i in the series.
»t

*

p
F>

Business of Borrower

Percent of Term Loans Change From ;
Month Ended
Total Busi- Sept. 30, Aug. 26, Sept. 24, Dec. 31
ness Loans
1970
1970
1469
1969
(%)
(In millions of dollars)

JDurable goods manufacturing - total
Primary metals
* Machinery
Transportation equipment
Other fabricated metal products
* Other durable goods

50
73
49
55
37
41

8,204
1,677
2,924
1,655
807
1,141

Nondurable goods manufacturing - total
* Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
' Chemicals and rubber
Other nondurable goods

49
39
27
76
64
51

5,970
1,008
751
1,248
1,780
1,183

^Mining (including crude petroleum &
» natural gas)

83

3,461

'Trade - total
v Commodity dealers
Other wholesale
* Retail

24
8
19
32

2,139
82
697
1,360

r
Transportation, communication, and
other public utilities - total
-> Transportation
Communication
Other public utilities

61
75
35
41

5,930
4,417
448
1,065

29

957

.Services

44

^Foreign commercial & industrial loans

+278
+203
+
4
+ 47
+
18
+
6

.

+316
+
40
+
18
+
65
+116
+
77

+1 ,105
+
258
+
368
+
410
+
38
+
31

+548
+201
+175
+154
+ 46
- 28

125
120
55
229
62
117

- 32
+ 55
+ 38
-108
- 49
+ 32

658

-629

225
2
25
198

+125
+ 3
- 9
+131

81
310
2
231

-319
+ 3
- 50
-272

+
+
+

+
+

' +

80

-

+

19

+

— —

+

+

+
+

+

7
26

54
70
39
23

+
+

+
+
+
-

*

Construction

-

28

+

58

+ 53

3,132

+

72

+

267

+141

72

1,604

+

5

-

97

- 38

All other loans

25

1,225

-

+

41

- 16

>

47

32,622

+1 =
,147

-167

Total term loans outstanding

>g/ Preliminary.




17

+779

COMMERCIAL AND INDUSTRIAL TERM LOANS OUTSTANDING AT A SAMPLE OF
LARGE COMMERCIAL BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
(in mill ions of dollars)
Phila- Cleve- Rich- Atlanta
All Dis- Boston New
Business of Borrower
mond
delphia land
York
tricts
92
92
884
136
4,175
298
8,204
Durable goods manufacturing - total
8
260
4
16
932
30
Primary metals
1,677
30
30
271
43
1,542
Machinery
144
2,924
21
11
151
Transportation equipment
14
969
68
1,655
15
Other fabricated metal products
15
97
30
274
26
807
18
Other durable goods
32
105
33
30
458
1,141
H. 12(c)

WEEKLY REPORTING
SEPTEMBER 30, 1970
Chicago

St.
Louis
97
29
23
4
17
24
126
23
24
20
21
38

San
Francisco
652
80
205
165
35
167

6

65

242

103

39
1
8
30

28
3
13
12

37
1
13
23

32
1
12
19

176
13
75
88

824
639
43
142

134
130
1
3

72
63
2
7

50
47
3
- -

127
90
15
22

493
444
35
14

57

65

27

9

17

112

159

46

99

373

62

22

50

78

461

- -

5

170

- -

3

9

37

113

13

134

38

2

8

49

94

736

681

4,987

548

254

303

834

2,532

252
39
72
19
51
71

3,267
394
378
696
1,234
565

174
17
39
20
45
53

250
33
13
48
96
60

183
32
85
8
24
34

98
33
14
7
24
20

1,063
306
108
205
208
236

Mining (including crude petroleum and
natural gas)

3,461

55

2,269

34

217

8

27

410

25

Trade - total
Commodity dealers
Other wholesale
Retail

2,139
82
697
1,360

141
1
31
109

809
29
242
538

111
7
31
73

201
6
67
128

98
4
32
62

124
1
55
68

343
15
118
210

Transportation, communication, & other
public utilities
Transportation
Communication
Other public utilities

5,930
4,417
448
1,065

124
97
6
21

3,353
2,373
260
720

104
68
23
13

314
207
23
84

169
105
36
28

166
154
1
11

957

17

317

58

92

27

Services

3,132

218

1,250

291

182

Foreign commercial and industrial loans

1,604

15

1,326

21

18

All other loans

1,225

1

628

1

144

32,622

1,121

17,394

930

2,302




Dallas

14
3
10

5,970
1,008
751
1,248
1,780
1,183

Total term loans outstanding

Kansas
City
45

83
11
15
8
14
35
102
13
3
45
18
23

1,605
305
598
229
264
209

Nondurable goods manufacturing - total
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

Construction

Minneapolis
45
2
17
6
7
13

— -

6
9
13
17
31
4

67
32
7
6
8
14

—

— —

•

«.

357
82
8
160
48
59

L