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DECONTROLLED AFTER SI
Not for Publication
(H.14 Supplement)

July 8, 1965.

CAPITAL MARKET DE-VF.T.OPMF.NTS
IN
S

Attached for your information are three tables and four charts
on corporate security financing during the first quarter for the years
1960-65.

Capital Markets Section,
Division of Research and Statistics,
Board of Governors of the Federal System.




H. 14
Table 1
Corporate Security Offerings by Type of Business
of Issuer and Use of Proceeds
First Quarter, 1960-65
(Net proceeds in millions of dollars)

1965
Total corporate offerings
New capital
New money
Other purposes
Refunding
Memo:

Foreign Issues

Manufacturing
New capital
New Money
Other purposes
Refunding
Electric, gas & wtr. utilities
New capital
New money
Other purposes
Refunding
Communication
New capital
New money
Other purposes
Refunding

1964

1963

1962

1961

1960

5,972

2,518

2,665

2,288

1,913

2,214

>,738
1,427
311
234

2,416
2,086
330
103

2,351
2,067
285
314

2,228
2,007
221
60

1,767
1,592
176
146

2,145
1,972
174
69

243

29

128

70

74

69

,072
942
130
94

429
375
54
34

947
788
159
42

649
549
100
17

482
374
108
34

298
264
34
6

541
541

326
326
1
155

429
420
9
30

380
377
3

91

438
435
3
49

598
597
2
3

91
85
6
5

273
187
86
2

236
235
1
3

456
451
5

78
67
11
70

189
189
1/
1

31
31

Railroad
New capital
New money
Other purposes
Refunding

96
96

88
88

86
86

48
48

51
51

16

--

-

--

15

Other transportation
New capital
New money
Other purposes
Refunding

98
32
66
1

195
130
65
6

186
184
2

Commercial and other
New capital
New money
Other purposes
Refunding

177
159
18
10

98
77
21
5

135
117
19
7




96
91
5
1/
184
153
31
2

132
131
1
11

119
117
2
3

110
83
26
6

174
129
45
3

H. 14
Table 1 (Cent'd)
Corporate Security Offerings by Type of Business of Issuer and Use of
Proceeds
First Quarter, 196Q-C5 (Cont'd)
(Net Prcceads in millions of dollars)

1965

Mining
New Capital
New Money
Other purposes
Refunding
Financial and real estate
New capital
New money
Other purposes
Refunding
Memo:

1964

1963

1962

1961

1960

97
57
40

39
33
6
1/

61
58
3
1

115
52
63

--

51
32
19
1

631
547
84
17

796
735
61
7

384
299
84
106

326
262
64
10

473
449
23
9

620
591
29
54

191
130
310

373
212
211

67
19
298

59
62
205

255
24
194

429
34
157

32
24
7
1/

--

New Capital by-

(Sales and consumer finance cos.)
(Banks)
(Other cos.)

1/ Less than $500,000.
Note. Details may not add to totals due to rounding.
Source.--Securities and Exchange Commission and Federal Reserve.




H. 14
Table 2
Security Offerings for New Capital by
Manufacturing Companies
First Quarter, 1960-65

(Net proceeds in millions of dollars)

1965
All manufacturing
Chemicals
Electrical machinery
Textiles and apparel
Nonelectrical machinery
Primary nonferrous metals
Printing
Foods
Primary iron and steel
Paper
Beverages
Lumber, wood products
Other transportation equipment
Motor vehicle and equipment
Stone, clay and glass
Fabricated metal products
Petroleum and refining
Rubber products
Tobacco
Other 2/

1/
2/

1964

1963

1962

1961

1960

1,072
295
157
95
69
64
48
45
42
26
24
21
14
14
13
13
7
2
1
122

418
28
37
26
54
6
31
16
6
25
40

947
42
74
26
53
137
11
79
6
16
1
3
40

649
91
87
56
61
3
20
64
28
22
3
5
27
4
55
9
57
7

482
35
48
21
9
13
4
13
31
36

298
22
92
21
18
1
2
12
3

--

--

16
5
1
26
6
64
19

3
11
10
13
25
3
11

50

135

51

1/
42
14
1
51
2
5
34

18
40
276
2
123

Less than $500,000.
Includes issues of foreign manufacturers not further classified.

Note.--Details may not add to totals due to rounding.
Source.--Securities and Exchange Commission and Federal Reserve.




--

Table 3
Total Corporate Security Offerings by Type of Issue
First Quarter, 1960-65
(Gross proceeds in millions of dollars)

Type of issue
Total corporate offerings

1965

1964

3,007

2,499

1,253
1,754

2,578
905
1,673
(320)

1963

1962

1961

1960

2,700

2,345

1,956

2,265

1,245
1,255

U346
1,354

1,600
746

1,042
914

1,404
861

2,199
978
1,221
(122)

2,414
1,108
1,306
(91)

1,838
1,114
724
(88)

1,508
663
845
(110)

1,729
934
795
(114)

Tvne of offering
Public
Priva te
Tvne of security
Bonds and notes
Public
Private
(Memo: Convertible)
Preferred stock

132

38

65

17

96

100

Common stock

297

262

222

491

353

435

Source,--Securities and Exchange Commission.




CHART X
CORPORATE SECURITY OFFERINGS
USE OF NET PROCEEDS
Fir8t Quarter

Billions of dollars

1960

"65

3.0

2.5

Refunding

2.0

New
Money

1.0

Other
Purposes
1960




1961

1962

1963

1964

1965

CHART 2
CORPORATE SECURITY OFFERINGS FOR NEW CAPITAL
BY TYPE OF BUSINESS
First Quarter 1960-65

Billions of dollars

3.0 -

2.5 "

"Manufacturing

Public
Utilities
1.5

Communication

1.0 -Real

Estate
and
Financial

I

.5 -

i 0
I960




1961

1962

1963

1964

1965

CHART 3
CORPORATE SECURITY OFFERINGS
BY TYPE OF ISSUE
First Quarter 1960-65
Billions of dollars

Preferred
Stock
Convertible
Bonds

•

E
l

Nonconvertlble
Bonds

I960




1961

1962

1963

1964

1965

-—
{

CHART 4

I PERCENTAGE DISTRIBUTION OF BONDS, SOLD BETWEEN
!
THOSE PUBLICLY OFFERED AND PRIVATELY PLACED
First Quarter 1960-65

j

j

Per {cent
ljoor—

!

T

r

.J—

F

[ Public

I
N

50

25
Private

1960




1961

1962

1963

1964

1965


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102