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qfcow. FEDERAL RESERVE release For Immediate release April 17, 1963 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and industrial loans increased in seven districts and a net of $18 million at weekly reporting member banks during the week ended April 10. The principal net increases were $27 million in loans to "all other" types of business concerns, $18 million to the construction industry, $16 million to manufacturers " of textiles, apparel, and leather products, and $$4 million to unclassified borrowers. * The larger offsetting net decreases were $49 million in loans to manufacturers • of food, liquor, and tobacco products, $36 million to manufacturers of transportation equipment, and $23 million to commodity dealers. 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 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Cumulative since year-end tfeek Dec. 2b, 1962 Dec. 27, 1951 ended , to , to AprjIOjE/ Apr. 10, 1963B/ Apr. 11. 1962 (in millions of dollars) - 2 - 1 -3 6 + 6 + 6 -49 Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services + 45 -421 -4io +236 +274 +10 +100 + 1 + 34 + 49 + 14 +267 +195 I 64 + + 6 +18 -22? - 16 -325, + 4o 1ST +J| ±J§ -36 + 11 US + 30 -23 •13 • 2 - 26 + 2 ±2* + 23 + ag Net change in commercial and industrial loans +18 +108 818 - 49 + 36 Net change in classified loans Unclassified changes - net £/ Preliminary. 47 73 +16 Mining, including crude petroleum and natural gas Trade: - 44 +156 " ? - 88 5 + 61 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 10, 1963 A H Dis^ New Phila- Cleve- RichSt. Minne- Kansas San FranBusiness of Borrower trlcts p/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Cisco g/ (in millions of dollars} Durable goods manufacturing: + .2 + - 1.9 Primary metals - 2.9 - .3 + .4 + .4 + .2 + .4 + . 8 - 1-3 Machinery - 5-8 + -5 + 2 - .6 - .2 — .1 + .5 + *3 -26.0 + .3 - «3 -35.6 Transportation equipment - .1 - «3 - .3 - 2.8 - -5 - 5 + 5 «8 - .8 + .6 +1.5 .8 + .7 + liO + .1 — .2 + .4 - .1 + 1.3 Other fabricated metal products + 6.4 .8 + 2.7 - .2 - .4 + .8 + 1.2 + .1 - -3 + .4 +1.1 + .5 Other durable goods •3 Nondurable goods manufacturing: Foody liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + .6 + .2 -18.5 + 9.6 + 2.0 +1.0 — — + i;5 + 9.2 + -7 + .9 Mining, including crude petroleum and natural gas - - Trade: -22.8 -49.3 +16.3 - .4 +10.4 .2 .1 + 1 . 7 - -3 - -3 - .4 -1;8 - .3 — -5.0 - .2 + .7 +2.1 - .2 .6 + 1.1 — — + + .5 .6 — — -10.5 + .4 - 2.4 + 1.4 + .4 -3.2 +1.9 - .1 + .4 - *3 - 1.3 - .7 - - - .2 . +1.9 - .1 + .1 - .7 + -3 - .1 — .2 - .5 + .1 -11.0 + 1.7 + .8 - 2.0 - 1.2 + .1 + .3 -1.0 - -7 + 1.1 -6.6 - .8 +2.5 - .4 -1.0 - .6 -1.6 -3*3 + .<L +1.7 + .5 +1.4 - 2.9 - 1.4 - 5.1 mm mm — — - .9 + .2 «• mm - -7 mm mm Commodity dealers Other wholesale Retail -13.3 - 2.2 - .6 - 5.8 + 2.3 - 8.8 - .4 - 1.8 + ;6 + .6 - .2 + .8 - -9 -1.2 2;5 - 1.9 + 1.3 + -3 -3 a -1.5 - .8 - .2 + 2.9 Transportation, communication, and other public utilities + 6.0 - -7 + 2.4 -2.4 -.1 + .4 - .4 + 4.8 Construction +17.9 + .2 + 3-1 + -7 +1.2 + •5 + .6 + .3 + .2 + .9 +4.5 . + .8 + 4.9 All other types of business, mainly services +27.3 + 1.6 +25.O +3.4 +2.0 + 2.1 +3.4 - .5 - .6 + .5 - .2 -4.7 - 4.7 Net change in classified loansl/ -36.3 +15.2 -22.4 + *5 + .8 + 2.4 - .5 - 5-5 -6.8 - -3 +2.1 -4.6 -17.2 Unclassified changes - net +5%.3 - .2 + 1.4 -2.5 +2.2 + + .5 +12.5 + .8 +1-3 +2.9 - .4 +27.2 Net change in commercial and industrial loans +18.0 +15.0 -21.0 -2.0 +3-0 +11.0 " + 7.0 -6.0 +1.0 +5.0 -5.0 +10.0 — + 2.9 vo 00 =" -— : j_i_l a. icicaise ui uue neseiT( 1/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks 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 i commercial banks.
@FedFRASER