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FEDERAL
statistical
RESERVE
release
For Immediate release
April 11, 1962
H.12
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Commercial and industrial loans increased in eight districts and a net of
$50 million at weekly reporting member banks during the week ended April 4. The
principal net increases were $34 million in loans to the mining industry, which
includes producers of petroleum and natural gas, $33 million to petroleum refiners,
$13 million to "all other" types of business concerns, $12 million to manufacturers
of textiles, apparel, and leather products, and $10 million to the retail trade.
The largest offsetting net decreases were $40 million in loans to manufacturers of primary metals and $23 million to manufacturers of machinery.
Changes in loans during the week and since year-end are shown below; 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-end
tfeek
Dec. •£{, iye>i Dec. 20, 1900
ended .
to
.
to
Apr. 4 fy
Apr. 4, 19622/Apr. 5, 1961
(in millions of dollars)
- 40
- 23
+ 9
+116)
-
2
+
4
+ 20
8
-353
+259
- 19)
Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods
12
33
10
1
Mining, including crude petroleum
and natural gas
+ 34
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
6
- 53)
l/+ 41
l/ n.a.
-305
+176
1/+118
l/ n.a.
+204
1/+105
- 82
- 52
- 18)
-l6l
+ 10
+ 20)
+
5
-288
+ 23
-193
- 39
+ 13
+ 92
+263
+ 52
+132
+ 12
- 47
2/- 53
+i44
2/-100
-
2_
+ 50
Not available,
35/ Preliminary.
n.a.
l/ 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, 1961.
2/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of nonreporting banks with reporting banks.
3/ Includes decrease of $135 million resulting from corrections of misclassifications
to the revisions as of September 27, 1961.
disclosed incident
In addition to the weekly table, a monthly table appears below showing
changes during March 1962 compared with the preceding month and with March 1961,
and also showing changes during the past twelve months.
Although most changes during March were in the same direction as in
February, the net increase in commercial and industrial loans was considerably
higher at $810 million and largely reflected borrowings to meet quarterly tax
date needs, as was the case during March 1961.
Business of Borrower
Durable goods manufacturing:
Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods
4 weeks
4 weeks
5 weeks
12 months
ended
ended
ended
ended
Mar. 28,1962 Feb. 28,1962! Mar. 29,196l Mat . OR 1 Qf\0
(In millions of dollars)
+ 24.5
+115.6
+ 96.5
+ 66.7
+ 44.0
+
+
+
+
Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods
- 66.0
+103.4
- 1.0
+ 89.4
+ 31.3
- 98.1
+122.1
- 25.5)
: g:§'
1/+ 12.0
l/ n.a.
u y-
120.9
63.2
Mining, including crude petroleum
and natural gas
- 40.5
- 12.9
1/+121.6
iA
734.1
Commodity dealers
Other wholesale
Retail
- 48.9
+ 51.9
+ 92.1
- 12.5
+ 11.0)
+ 55.0)
- 38.7
+ 99-2
+
8o.4
(+
18.1
Transportation, communication, and
other public utilities
Construction
All other types of business,
mainly services
+ 86.5
+ 36.7
-109.0
+ 4.2
+ 35-7
+ 4:7
+
222.1
149.6
+ 66.9
+ 47.5
+219.0
+
640.8
Net change in classified loans!/
+749.1
+160.6
+657.2
+1,006.3
Unclassified changes - net
+ 60.9
+ 51.4
2/+ 68.8
195.3
Net change in commercial and
industrial loans
+810.0
+212.0
2/+726.0
Trade;
12.4
72.6
28.0
4o .6
9.8
1/+148.2
u -
242.1
l/ n.a.
1/-
96.6
+
19.2
4.8
- 36.0
+ 91.5
(+ 142.6
2/+
811.0
1/ See footnote on following table regarding current coverage and footnotes on front
page regarding comparability with prior figures.
H.12(a)
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 4, 1962
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 vj
I In millions of dollar sj
Durable goods manufacturing:
Primary metals
-40.3
-20.3
.2 -13.8 - .1 + *5
- .2
8.8
- .4
+2.0 + .2
+ .4
Machinery
-22.6 +1.1
-30.2
- .2 + .2
+ 7-8
•9
- 1-7
+1-5.
+ .2
.6
-1.6
Transportation equipment
+ 8.7 + .4 + 7-5
.1 - 1*3
— - - .4
+ .1
+
.4
+2.6
.5
Other fabricated metal products
- 2.2 +1.0
- .8
- 1-3
•7
+ .2
- -9 + .4
- .4 + .4
.4
+ .3
Other durable goods
+ 3 *6 - .7 - 4.6
.6 + .4 +2.6 +1.8
+ 1.7
+ -3
- .2 + .3 - .3
+1-7
-
— —
«- ••
— —
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
Trade:
Commodity dealers
Other wholesale
Retail
- 8.1
+12.3
+33-3
+10.4
+ 1.0
6.6
-1-3
+1.4
6.5
2.0
+1.0
- 3.8
+ -5
+19.0
+ 2.4
+ .6
+32.6
+ .2
-
+10.1
+ .6
5.6
7-5
•3
.2
+33.6
- -9
+1.4
- .4
- .4
-5-9
- -5
—+ .4
+ .2
-1.8
+2.8
- .1
- .1
+ .6 +
3.0
+ 2.0
+ 7.6
+ 1-5
- + •5
-1-3
-2.4
- .4
- .5
+ -3
+ .1
- .2
+ 5.0
--
--
- -5
+ .6
- .2
+ 4.2
-9.3
+ .4
+ -5
+2.8
+2.1
- l.l
-2.7 - .2
- .2 +2.8
- .6 + .9
.1
—
-3.3
+ .4
- .1
— —
+
+
+
.3
.3 + .6
.7 + • 5
.3 + • .2
-7
.1
-
+5-7
+ .2
+ .4
- .2
- *5
2.5
- .6
8.8
3-0
- .2 + 1-3
- .4
-3.0
-
- 5-7
+ -3
+10.2
+1.1
Transportation, communication, and
other public utilities
-
.4
-1.2
- 5.4
+13.2
+1.0
-2.1
- 3.2
+2.1
+ .1
-2.4
.6
-4.0
Construction
+ 4.9
——
+ 6.6
+ 2.1
+ .7 +1.7
- 2.6
+ .1
- .1
-2.2 + 1.2
-1.4
All other types of business,
mainly services
+12.8
+ 8.5
+ -5 -1.1
+ 3.6
+1.3
+ .8
+1-5
6.8
+3-9
-4.7
-2.5
-
.7
+11.7
+4.0
-1.0
- 1-3
+
.9
— —
- -
-
-
- .7
Net change in classified loansl/
+51.8
-5.3
+31-6
+5.9
+23.2
-5.7 +5.1
+16.8
-7*6
+2.1
+1.5 -18.6
+2.8
Unclassified changes - net
- 1.8
+3-3
- 3-6
+ .1
- 3.2
-3.3 +1.9
- 3.8
+1.6
-l.l
+3.5 - 1.4
+4.2
Net change in commercial and
industrial loans
+50.0
-2.0
+28.0
+6.0
+20.0
-9.0 +7.0
+13.0
-6.0
+1.0
+5.0 -20.0
+7.0
p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank
@FedFRASER