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F E D E R A L statistical R E S E R V E release For Immediate release April 18, 1962 IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY H.12 Commercial and industrial loans decreased a net of $94 million at weeklyreporting member banks during the week of April 11. The principal net decreases were $52 million each in loans to manufacturers of food, liquor, and tobacco products and to petroleum refiners, $43 million to manufacturers of machinery, and $39 million to transportation, communication, and other public utilities. • The larger offsetting net increases were $53 million in loans to the wholesale and retail trade and $23 million to the construction industry. 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 yea year-end Week Dec. 27, I96I Dec. & C W ended . to . to Apr.11 £/ Apr. 11,1962 £/ Apr. 12, 1961 (In millions of dollars) + 6 - 43 - 16 + 1 - 1 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods S 52 1 3 47) 72) I 1/- 1 l/ n.a. -4io +274 - 72) + 49) + 14 1/+137 l/ n.a. +196 1/+121 -358 +179 Mining, including crude petroleum and natural gas - Trade: Commodity dealers Other wholesale Retail - 4 + 21 + 32 - 87 + 3) + 59) -102 - 39 + 23 -326 + 43 -226 - 30 + 90 +279 Transportation, communication,' and other public utilities Construction All other types of business, mainly services 8 -171 Net change in classified loans Unclassified changes - net -116 + 22 10 4o -171 2/- 3 Net change in commercial and industrial loans - 94 + 50 2/-174 g/ Preliminary." n.a. - Not available. 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. H. 12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BY INDUSTRY AND FEDERAL RESERVE DISTRICT, "WEEK ENDED WEDNESDAY, APRIL 11, 1962 All DisNew Phila- Cleve- RichSt. Business of Borrower tricts 2/ Boston York delphia land mond Atlanta Chicago Louis ( I n millions of dollars) Durable goods manufacturing: + 6.1 Primary metals + + .3 + .1 + .8 + 5-6 .1 .4 Machinery + 1 . 3 + .4 43.1 - 1 .1 1.2 1 . 9 -15-5 -1-5 Transportation equipment + .8 4" •3 2.0 - 8.6 l.l 1.6 15-7 - .1 + .k + • 5 Other fabricated metal products 4- l.l + 7.2 + .2 + .7 + -7 1.3 + 6.0 Other durable goods 4" 1 . 6 + 1 - 5 + .2 .8 + 1 . 0 1.2 +1.2 +1-3 -10.2 — - - - - * ** - — — mm mm - - - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 52.4 •5 + 3-3 Mining, including crude petroleum and natural gas - Trade: Commodity dealers Other wholesale Retail - 52.0 + 13.9 + — — - - .1 + 5-1 + .8 - - -36.9 + 5.1 -26.1 - 1.0 + 2.8 + + «. — 44- -6.6 7.9 •5 + .8 + .4 .3 - - .2 .1 6.0 4- •7 + .2 - + .2 -1.9 -1.2 «—— + .6 + .1 — + .6 mm mm + .2 + -3 + 1.7 -20.9 4.2 + 1.0 +1.6 + — — — — - -2.1 + .5 + .2 + .1 + .1 •3 BANKS Minne- Kansas San Franapolis City Dallas cisco e / — «•» +1-5 ** •» - .1 + .2 - -3 — .2 + -7 + .2 + .4 + .6 + .2 - .2 + .1 — .2 W rnm - .b mm mm + .1 .8 4- .2 -24.8 - 3-3 -13.1 + .8 -12.0 + .8 — .2 +1.8 + .1 mm mm - .2 - .4 •7 4. • 3 4- .6 4- . 1 —1.0 -1.6 - .7 -4.0 + 2.9 -2-3 +1.7 + .4 - '5 +1-9 +1.0 + -5 -2.5 •7 4- •3 +1.6 +1.5 + 3.9 + 4.7 — ew mm mm * - 4- •9 .1 + 1.3 4- •5 4- .8 4- 1.1 -1.5 +1.1 - -3 + -5 + 9-4 + 7-9 +10.3 +15 .4 .1 -22.1 + .4 —12.6 • - .6 -2.6 6.5 — *2 - -3 +2.4 -2.0 + 1-5 + 5.8 4- 2 . 3 + 2.6 +1-9 - .1 4- 2 . 9 4- »1 + .9 +4.1 4- .2 2.9 -10.1 4- 2.h - 4.5 +1.9 +5.4 - 6-5 + .8 + .3 - .1 +9.1 - 1.4 Net change in classified loansl/ -116.1 +16.2 -67.0 +12.9 -15.8 - -5 +8.9 -3^.8 -8.9 +5-3 +5-2 - •5 -37-1 Unclassified changes - net + 22.1 - .1 3-8 -2-5 - -9 -K 4 . 8 + -9 +1.7 - .2 4- •5 +14.1 -KL3.0 -12.0 - 3 -0 +8.0 -30.0 -8.0 +7.0 +5.0 Transportation, communication, and other public utilities 3.5 4- 2 0 . 7 + 31.7 - 39-3 Construction + 22.5 All other types of business, mainly services 4- Net change in commercial and industrial loans - 94.0 .6 + 1-3 + +• .2 +16.0 - -67.0 —• — - .6 1-3 + 3.4 4- .8 -8.6 + .4 - •9 - .4 -23.0 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. 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 hanks and ah out 70 per cent of those of all commercial hanks.
@FedFRASER