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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.