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FEDERAL
statistical

RESERVE

release
For immediate release
February 28, 1962

H.12

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Commercial and industrial loans increased in most districts and a net of
$56 million at weekly reporting member banks during the week ended February 21.
The principal net increases were $38 million in loans to manufacturers
of machinery, $21 million to manufacturers of textiles, apparel, and leather products,
$17 million to the retail trade, $l4 million to "all other" types of business concerns,
and $13 million to manufacturers of "other" durable goods.
The larger offsetting net decreases were $28 million in loans to manufacturers
of food, liquor, and tobacco products and $24 million each to commodity dealers and to
transportation, communication, and other public utilities.
Changes in loans during the week and since year-end are shown below; third
column shows the changes during the comparable period last year.
Cumulative since year-end

Dec. 27, 1961

Business of Borrower
Durable goods manufacturing:
Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods

Dec. 28, i960

ended
.
to
.
to
Feb.23£/
Feb. 21. 196^/ Feb. 22. 1961
(In millions of dollars)
-11

+38
XI

+13

Nondurable goods manufacturing2
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

+21
- 2
+11
+ 6

Mining, including crude petroleum
and natural gas

-28

+
+
-

11)
15)
9)
38

-260
+125

:%]

! / - 54
l/ n.a.

-235

+ 87

1/+ 51

- 26

l/ n.a.

- 7

+222

! / - 32

Commodity dealers
Other wholesale
Retail

-24
- 5
+17

- 25
- 83)

+ 17

Transportation, communication, and
other public utilities
Construction
All other types of business,
mainly services

-24
+ 7

-363
- 17

-151
- 30

+14

-

+ 52

+4o
+16

-695
- 52

2/-IU

+56

-747

2/-679

Trade:

Net change in classified loans
Unclassified changes - net
Net change in commercial and
industrial loans
|>/ Preliminary."

- 97)

9

-260

n.a. - Not available.

1/ Because of reclassifications as of September 27, 1961, many categories are not
strictly comparable with prior data; cumulative changes shown for other durable
and other nondurable are from September 20,\i96l.
2/ Revised to eliminate adjustments in series sirice July 8, 1959, for mergers of nonreporting banks with reporting banks.



(Over)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, February 21, 1962
MinneSt.
Phila- Cleve- RichNew
All DisAtlanta
Chicago
Boston
Business of Borrower
apolis
Louis
mond
delphia
land
York
tricts 2/
millions
of
dollars)
(In
Durable goods manufacturing:
- +• .2
- 2.1 -2.0
-11.4
+ -5
+ .5
- 7.1
Primary metals
+
.1
+
8.1
+
.2
+1.2
+1.1
+22.8
+ -7
+3 "4
- 1-5
+37-7
Machinery
—
—
+2.0
+
5-8
.1
- 1.4
- + 7-1
+ -9
- -3
Transportation equipment
»1
+
1.4
—
.6
•
6
+
8.0
+
1.2
+1.3
- •1
-1.3
+ 5.9
Other fabricated metal products
+1.2
+ 2.6
+ -5
+ 3-1 + -9 +1.0
+ 3.3 + -5
+13.3
Other durable goods
- .3

H.12(a)

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

-28.0
+21.0
- 2.2
+11.3
+ 6.1

t .9
+ -3

+ 1.8
+ 8.6
- «1

.3 -3-6
-5 +1.0
+ .1
+ 1.8 +2.9
+ 2.6 + .8

Mining, including crude petroleum
and natural gas

- 7.3

.3

- 6.7

-

-24 A
- 4.8

K2.4
-2.1
1n . 3

-15.O
- 1.9
+ 9-7

- 2.0 + .4
- .4 -1.3
+ 1.4 + -9

+1.9

-12.9

-

.1

+

Trade:

-12.4

- .1

+13.5

+
+
-

•1
.3
.1
.8
.4

- .5
—+ .1
+ .1
- .5

- .8
+1.3
+ .2

+
+
+

.1
.3
-3
.1
.3

- -9
- .6
- .5
-3-9
- .1

-3.7
+ -3
+ .9
- .6
--

——

- .2 - .6

- .2

+ .6

-7.2,

+2.1
- .1
-2.2

— -

+1.4

—

+
+
+

- "3

+

.5

+

-7

- •2

+ *3

+3.3

-8.4

-2.1
.6
+2.0

+

-r

+11.3

-1.3

+ .2

- .4 -3/2
+ .4 - *3
- -7 - .1

-3

-4.0

+ .1

- 3-9

- .5

- .2

-1-3

-7 + .1

+1.9

-—

+ 1.3

-1.8

+ .2

+ .6 +1.8

+1-5

-

• 1 - el

- .7
- .5
-+1.4
——

—

-2-3
+3.7
- .1
—1.0

3.4 -2.7
.3 +3-7
- 1-9
1.0 + .1
1.8 + .3

Kansas
San FranCity Dallas cisco P/

.1

—

+ .2

Commodity dealers
Other wholesale
Retail

+16.8

Transportation, communication, and
other public utilities

-23.6

—

Construction

+ 6.7

'• .3

+

All other types of business,
mainly services

+13.9

•H .1

- 3'1

- 1.4 +2.6

+3 *6

+ .8

+ 1.3

+ .5

+ .3

+1.5

+1.4

+4*3

Net change in classified loansl/

+40.2

1-6.3

+ 4.4

+ 2.2

+5.7

- -5

+2.3

+27.2

- -7

+4.9

+ -7 -6.4

-5.9

Unclassified changes - net

+15.8

I- .7

+ 2.6

-

-2.7

-4.5

+1.7

+ 9.8 + -7

+2.1

+2.3

+ .4

+2.9

Net change in commercial and
industrial loans

+56.O

1-7.0

+ 7.0

+ 2.0 +3.0

-5.0

+4.0

+37.O

——

+7.0

+3.0

—6.0

-3-0

*2

Digitized 1/
for FRASER
About 200 weekly reporting member banks are reporting changes in their larger loans
http://fraser.stlouisfed.org/
of total
Federal Reserve Bank
of St. Louiscommercial and industrial loans of all weekly reporting member banks and

-

.9 +1.0

-3.8
+ -5

- .6

as to industry; these banks hold about 95 per cent
about 70 per cent of those of all commercial "banks.