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FEDERAL 0 Ol i! f^AL RS. B^ RESERVE statistical For immediate release April 10, 1963 H.12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in six districts and a net of $40 million at weekly reporting member banks during the week ended April 3* The principal net increases were $35 million each in loans to the wholesale and retail trade and to "all other" types of business concerns, and $21 million to manufacturers of machinery. The larger offsetting net decreases were $$4 million in loans to manufacturers of primary metals, and $28 million to the mining industry, which includes producers of petroleum and natural gas. Changes in loans during the week and since year-end are shown belowj third column shows the changes during the comparable period last year. Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods Cumulative since year-en Week Dec. 26, 1962 Dec. 27, 19&1 t0 ended . to _/ Apr. 3 2/ Apr. 3. 1963 & Apr. 4. 1962 (in millions of dollars) -54 +21 - 7 + 8 + 6 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods - 3 +10 + 5 + 2 Mining, including crude petroleum and natural gas Trade: Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services Net change in classified loans Unclassified changes - net Net change in commercial and industrial loans £/ Preliminary. - 42 +156 - 18 + 30 + 39 - 53 +115 + 77 + 75 + 19 -359 -12 -375 +218 - 27 + 91 + 34 +260 - 20 + 49 + 11 -28 +268 +204 + 2 - 84 +25 +10 - 66 - 52 + 3 +13 -221 - 34 -287 + 20 ±35 + $6 + 89 +4o + 60 + 22 +127 + 18 +4o + 82 +144 + 8 - 18 + 27 In addition to the weekly table, a monthly table appears below showing changes during March 1963 compared with the preceding month and with March 1962, and also showing changes during the past twelve months. Total commercial and industrial loans increased $644 million during the month of March 1963, compared with an increase of $269 million during the month of February 1963 and an increase of $810 million in March 1962. Business of Borrower 4 weeks ended 4 weeks ended 4 weeks ended 12 months ended Mar. 27,1963 Feb. 27,1963 Mar. 28,1962 Mar. 27,1963 (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods + l6.4 +106.6 + 22.6 + 1-9 + 46.1 + + + + Nondurable goods manufacturing: Pood, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods - 67.3 +124.5 + 13.2 +104.9 + 34.0 Mining, including crude petroleum and natural gas Trade: Commodity dealers Other wholesale Retail + 24.5 +115.6 + 96.5 + 66.7 + 44.0 + + - 98.7 +121.3 - 21.3 + 12.6 + 27.4 - 66.0 +103.4 - 1.0 + 89.4 + 31.3 + + + 4.4 70.9 2.4 2.1 104.9 + 77.5 - 13.4 - 40.5 + 369.7 - 82.3 - 1-7 +102.3 - , 4.7 + 32.1 + 59.3 - 48.9 + 51.9 + 92.1 + + 8.9 98.0 198.1 + 16.4 + 23.2 - 66.8 + 2.2 + 86.5 + 36.7 + + 199.1 + 59.6 + 18.2 + 66.9 + 438.0 Net change in classified loansl/ +597.9 +244.0 +749.1 +1,669.0 Unclassified changes - net + 46.1 + 25:0 + 60.9 + Net change in commercial and industrial loans +644.0 +269.0 +810.0 +2,194.0 Transportation, communication, and other public utilities Construction All other types of business, mainly services .8 84 • 0 24.6 32.6 35.4 + 180.4 103.9 63.3 19.4 126.8 105.1 525.0 1/ See footnote on following table regarding current coverage and footnotes on front page regarding comparability with prior figures. H.12(a) CHANGES IN CCMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 3, 1963 All DisNew Phila- Cleve- RichI St. MinneBusiness of Borrower tricts 2/ [Boston York delphia land mond Atlanta Chicago Louis apolis (In millions of dollars) Durable goods manufacturing: —1.2 Primary metals -54.0 - el - .4 -23.9 - .4 -29.7 - *3 + "7 - .8 +21.3 +1.6 + 5-1 + .2 +8.3 +1.4 Machinery + 2.7 + -3 -1.3 - .4 - 6.8 —— - .1 Transportation equipment + .5 + 1 . 7 + -5 - 7.3 - 1.5 — — + .2 + .7 + 7-9 Other fabricated metal products + 3.9 +3.9 + .3 + 1.9 - .8 - 1.9 + 6.4 +2.1 + 2.1 — *1 +1.2 + 2.0 Other durable goods - .1 .3 + + .6 + -3 Kansas ISan FranCity ^ " I c i s c o $ + .1 + + .5 »5 + *1 + «4 -- + + - + 1.9 -1.6 +1.2 +2.2 +12.5 + .6 + 1.6 + .5 —— - *1 + .4 — #1 mmmm Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Mining, including crude petroleum and natural gas - 3.4 +10.1 + 4.6 -13.0 + -5 - -5 — *1 + .7 +1.1 + 4.4 + .4 - .4 + 1.7 + .1 - -5 -14.5 - .1 - + .2 +1.7 — 1 .2 +18.5 +12.0 -1-9 + .1 - .4 + 1.8 + 2.4 -11.8 -1.3 -1.6 —— + .9 - .6 + - -28.4 + 2.1 +25.4 + 1.5 3.0 7.2 4.1 3.3 -4 -2.3 +3.7 -»— - .6 - -3 + — - .1 .2 .6 .2 -1.0 -I3.5 + .8 +6.4 + .8 + .7 -4.0 -1.7 - .1 + .1 t .7 +2.7 - 9.1 -2.4 +1.2 + .8 + 3 + .2 -1«3 +3*0 - .4 - 3.6 +6.9 - .4 + .2 -2.8 - .8 - 7.3 -1.0 - - +2.9 - *1 - .1 - .5 + .2 • + + m» .5 .3 - .2 + 1.2 + .2 - .6 + .2 1.1 4.3 1*8 1*2 2.5 — .2 . - .4 -5 *8 - *1 + .1 -1.5 - .4 + 1.0 - .5 + .2 - 1.1 - *5 + 2.3 + .6 +2.9 -1.1 - .3 - 1.0 - *3 -15 *o -1.7 + .3 * .4 +1.5 +3 »0 - Trade: Commodity dealers Other wholesale Retail + 9.7 Transport at ion, communication, and other public utilities , +12.6 -1.4 +35.3 +7.1 + . .2 Construction + 7.9 +2.6 + 6.6 -1.2 — 1.6 All other types of business, mainly services V +35.2 + .6 + 8.9 -1.5 - 1.0 +5-3 -2.6 + 2.5 + .8 + .8 + 2.6 -1.3 +20.1 Net change in classified loansl/ +39.8 -2.5 +29.8 +8.7 -22.5 +2.9 -2.5 - 6.8 +2.7 + .1 + 7.6 -2.1 +24.4 Unclassified changes - net + .2 -5.5 - 3.8 + -3 + -5 +1.1 - .5 - 6.2 + -3 -l.l + 3.4 + .1 +11.6 Net change in commercial and industrial loans +4o.o -8.0 +26.0 +9.0 -22.0 +4.0 -3 «o -13.0 +3.0 -1.0 +11.0 -2.0 +36.0 t3-5 mm am .2 vj Preliminary; final totals will appear in the F. 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 banks about 95 per cent of total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks.
