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FEDERAL RESERVE release IIJ II .f*4LK&T* For immediate release September 4, 1968 COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING BY INDUSTRY Commercial and industrial loans decreased a net of $421 million at weekly reporting large commercial banks during the week ended August 28. The principal net decreases were $86 million in loans to retail trade, $61 million to "other" public utilities, $60 million to manufacturers of machinery, and $54 million to "all other" types of business concerns. The larger offsetting net increases were $24 million in loans to manufacturers of food, liquor, and tobacco products, and $20 million to transportation. Business of Borrower Outstanding Change From Week Ended Aug. 28,* D / Aug. 21, Aug. 30, June 26, Rf 1968 1968 1967 1968 (In millions of dollars) Durable goods manufacturing - total Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 12,356 2,047 4,479 1,713 1,884 2,233 -101 - 4 - 60 - 15 - 11 - 11 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 10,078 2,164 2,406 1,527 2,172 1,809 Mining (including crude petroleum & natural gas) + + 933 924 63 177 112 137 -139 +100 - 97 -143 - 22 + 23 - 20 + 24 + 4 - 4 - 46 + 2 + + + + + 472 69 234 149 82 102 -233 - 73 +130 + 41 -340 + 9 4,614 - 46 + 879 -128 Trade - total Commodity dealers Other wholesale Retail 7,774 1,061 3,130 3,583 + - 95 22 13 86 .+ 490 20 + 247 + 263 -221 - 47 - 27 -147 Transportation, communication, and other public utilities - total Transportation Communication Other public utilities 8,299 4,936 939 2,424 + - 66 20 25 61 +1,172 + 977 60 + 255 + 22 - 31 -162 +215 Construction 2,809 + 3 + 240 + 35 Services 5,491 - 21 + 789 - 52 811 + 12 - 14 Bankers' acceptances + + — Foreign commercial & industrial loans 2,557 - 4 - 194 - 34 All other loans 7,142 - 54 + 776 -100 Total classified loans Total unclassified loans 61,931 6.290 -392 - 29 +5,543 + 489 -850 -109 Total commercial & industrial loans 68,221 -421 +6,032 -959 P/ Preliminary. * San Francisco District classified loans are as of Aug. : 21. 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 August 28, 1968 (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 12,356 516 5,312 Durable goods manufacturing - total 502 1,205 173 231 2,474 121 117 108 Primary metals 2,047 51 1,093 51 314 - 14 13 356 3 27 5 4,479 220 Machinery 2,040 160 401 34 58 28 973 40 22 1,713 81 Transportation equipment 738 46 139 19 30 264 8 7 13 1,884 76 550 149 208 Other fabricated metal products 38 ' 54 522 23 25 32 2,233 88 891 Other durable goods 96 68 143 76 359 35 42 36 + Dallas 272 31 73 43 65 60 San . FranciscoE/* 1,325 89 430 325 142 339 10,078 2,164 2,406 1,527 2,172 1,809 491 84 201 18 78 110 4,799 777 1,261 720 1,271 770 436 71 139 54 74 98 579 76 68 134 170 131 357 39 206 7 51 54 318 91 120 18 44 45 1,412 436 212 208 263 293 219 65 73 9 30 42 131 50 14 18 20 29 111 43 14 23 16 15 213 37 . 25 75 35 41 1,012 395 73 243 120 181 Mining (including crude petroleum and natural gas) 4,614 38 2,832 74 153 7 52 614 36 6 141 505 156 Trade - total Commodity dealers Other wholesale Retail 7,774 1,061 3,130 3,583 676 74 269 333 2,460 437 979 1,044 377 33 133 211 353 9 181 163 391 53 155 183 455 31 209 215 1,050 90 483 477 198 46 63 89 177 52 46 79 307 38 91 178 259 49 110 100 1,071 149 411 511 Transportation, communication, & other public utilities Transportation Communication Other public utilities 8,299 4,936 939 2,424 287 126 17 144 4,225 2,507 479 1,239 288 148 47 93 401 221 41 139 295 167 53 75 276 185 20 71 1,126 602 114 410 166 122 15 29 111 68 12 31 121 59 28 34 208 125 20 63 795 606 93 96 Construction 2,809 91 650 176 195 204 240 194 67 57 128 355 452 Services 5,491 465 1,714 416 326 167 283 529 149 125 125 279 913 811 23 400 30 47 14 3 72 1 1 2 21 197 Foreign commercial and industrial loans 2,557 36 1,809 54 57 7 12 242 1 6 — 25 308 All other loans 7,142 87 1,174 5 225 178 87 439 83 2 34 91 4,737 61,931 2,710 25,375 2,358 3,541 1,793 1,957 8,152 1,041 733 1,077 6.290 341 978 200 597 513 533 1,066 221 68 259 Nondurable goods manufacturing - total Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Bankers' acceptances Total classified loans Total unclassified loans 68,221 3,051 26,353 Total commercial and industrial loans 2/ Preliminary. Final totals will appear in the F. R. Bulletin. * Classified loans are as of August 21. 2,228 : 10,966 487 1,027 4,138 2,306 1,262 2,558 9,218 11,993 801 1,336 2,715 : 2,490 San Francisco District final figures appear in a release of that Reserve Bank.