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FEDERAL qtGOw- [III! statistical RESERVE release ^LRES^'* For immediate release March 27, 1963 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and industrial loans increased in all districts and a net of $539 million at weekly reporting member banks during the week ended March 20, reflecting quarterly tax date needs. Except for decreases of $28 million in loans to commodity dealers and $4 million to petroleum refiners all industrial classifications showed increases. The principal net increases were $100 million in loans to transportation, communication, and other public utilities, $79 million to manufacturers of machinery, $74 million to manufacturers of transportation equipment, $66 million to manufacturers of chemicals and rubber products, and $55 million to the retail trade. 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 Week Dec. 26, 1962 Dec. 27, 1961 ended . to to Mar. 20 2/ Mar. 20, (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods + + + + + 8 79 74 19 25 + 4 +144 + 42 + 31 - 19 +150 + 75 + 66 + 15 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + + + + 10 37 4 66 10 -348 +184 - 28 + 74 + 4l -278 +239 - 45 + 35 + 1 Mining, including crude petroleum and natural gas + 3 +321 +194 - 28 + 7 + 55 - 48 - 60 - 4 - 56 - 17 - 1 +100 + 8 -26l - 40 -243 + 10 + 26 + 12 + 95 Net change in classified loans Unclassified changes - net +495 + 44 +109 + 11 +220 + 5 Net change in commercial and industrial loans +539 +119 +225 Trade: Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services p/ Preliminary. + 47 • H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENEED WEDNESDAY, MARCH 20, 1963 All DisNew Phila- Cleve- RichSt. Minne- Kansas San FranBusiness of Borrower tricts P/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco 2/ (In millions of do]Liars) Durable goods manufacturing: + 8.1 + "3 + 7-0 - . 2 Primary metals -- - .4 + 1.1 — — + .2 - .2 + .3 + 78.5 + 6 . 9 + 30.9 +1.9 +10.4 — — Machinery + -3 + 1.4 +18.7 + 2.7 - *2 +1.8 + 3-7 + Jk.2 + 2 . 3 + 4 3 . 9 +1.8 Transportation equipment +12.9 + 2.4 + 7.6 +1.1 + .3 + -3 + 1.6 + .6 + 5-3 +1.5 + 18.6 Other fabricated metal products + 2.8 +1.2 + -3 + 2.0 + 3*6 + 1.2 - .1 + .5 •3 Other durable goods + 24.9 + .5 + 18.6 + -3 + 5.3 -- + 1.9 - 4.2 + .4 + . 2 - + .7 + 1.2 mm mm - - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + + + + 10.4 37.0 3.7 65.8 10,3 Mining, including crude petroleum and natural gas + 3.4 Trade: .7 .4 .6 + 2.0 + 2.3 + 26.4 + 28.5 - 3.9 + 22.8 + 2.4 - -5 +1.7 -1.0 +2.6 + -5 + + 4.3 - .4 - .2 - 3-7 + 1.2 .1 +22.6 + 1.2 + 1.4 + 6.7 — — + 3.2 + .6 + 3-0 - .8 .2 + 1.4 + -3 + 2.1 Commodity dealers Other wholesale Retail - 28.1 + 6-7 + 54.5 + 1.6 + 2.8 + 3-9 - 15.1 - 8.7 + 29.1 -1.7 +1-7 - -3 - 3-4 + 1.9 + 2.1 - -9 - 1-5 + .7 + 1 . 7 + 3-4 + 4 . 9 Transportation, communication, and other public utilities +100.2 + .6 + 66.4 + -7 + 3*0 + 4.4 Construction + + .1 + 1.6 +1-3 + All other types of business, mainly services + 26.2 + 1.6 + 15-9 -2.2 Ret change in classified loansl/ +495.1 +24.0 . classified changes - net + 43.9 + 2.0 4.6 Net change in commercial and industrial loans +539-0 +26.0 + 2 8 0 . 0 8.1 -13.1 + 1.7 +• .5 + 6.3 + 1.8 - - - .k — — + .7 +1.3 + 1.8 - .1 + .5 - .3 + .4 -w - - + -3 -" .4 + '3 + .8 + .1 + + - .1 .4 .2 .1 .1 -1.5 + .4 - 4.6 - .3 + 1.0 + 3.6 - .5 - -5 + 5-7 + .8 + 6.1 -3-3 + -5 +1.7 + 4.1 + 2.6 + 2.0 - .3 -8.6 +1.9 + »3 +2.1 + .6 - 4.7 + .5 - 1.1 - 1.0 + 8.3 + -5 + .8 —1.0 +7.0 +10.5 + 2.0 + 4.9 - 5.4 +1.0 + .5 +2.0 +1.7 - 2.1 — 6.1 + .1 + 2.1 +13.9 + .8 - .1 -2.2 + 2 7 5 • 4• +7.7 +50.6 +21.6 +19.2 +55.5 +5.8 +16.9 +2.7 +3.5 +12.2 + +1.3 + 4.4 + - +11.5 -3.8 + 2.1 +1-3 - -5 +20.8 +9.0 +55-0 +22.0 +67.0 +2.0 +19.0 +4.0 +3-0 +33-0 .5 .4 *2 +19.0 - - + 2.4 p/ Preliminary; final totals will appear in the P. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. 1/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these hanks hold about 95 per cent of total commercial and industrial loans of all weekly reporting member "banks and about JO per cent of those of *11 commercial banks.
@FedFRASER