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FEDERAL qfuow statistical Mill RESERVE release f^AL For immediate release August 15, 1962 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and. industrial loans decreased in seven districts and a net of $24 million at weekly reporting member banks during the week ended August 8. The principal net decreases were $26 million in loans to manufacturers of food, liquor, and tobacco products, $24 million to "all other" types of business concerns, and $1? million to transportation, communication, and other public utilities. The largest offsetting net increase was $26 million in loans to manufacturers of textiles, apparel, and leather products. Changes in loans during the week and since mid-year are shown below; third column shows the changes during the comparable period last year. •Cumulative since mid-year Week June 27, 1962 June 28, 1961 ended . to . to Aug. 8 2/ Aug. 8, 1962 P/Aug. 9, 1961 (In millions of dollars) Business of Borrower ' Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods t Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods v ? > > - r 1/-205 - 2 -108) - 20) +10 +105 l/ n.a. -26 +26 + 43 + 3 + 2 + 4 4 Commodity dealers Other wholesale Retail - 55) - 25) Mining, Including crude petroleum and natural gas Trade: > - 1 - 7 + 5 -105 -107 + 45 + 9) - 96) 1/-204 - 34 l/ n.a. - 15 !/- 14 + 14 +' 18) - 17) + 87 - l + 21 + 17 -130 + 20 -24 + 8 +100 Net change in classified loans Unclassified changes - net -34 +10 -239 + 7 -4o6 - 4 Net change in commercial and industrial loans -24 -232 -4io 7 Transportation, communication, and other public utilities Construction All other types of business, . mainly services -17 + 4 y p/ Preliminary. n.a. - Not available. 1/ 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 axe from September 20, 1961. 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, AUGUST 8, 1962 All DisNew Phila- Cleve- RichMinne- Kansas St. San FranBusiness of Borrower tricts ?/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco p/ • (In millions of dollars} Durable goods manufacturing: Primary metals - 1.0 + .3 + 1.4 —— — .2 - -1.1 1.4. + .2 - .2 Machinery - 7.1 + 1.2 -.1.3 -1.4 + .5 - .4 +1.7 + .4 -1.1 + .1 —6.0 - -5 -3 Transportation equipment + 4.7 + -3 + 9 . 5 - .5 +2.1 - .2 + .1 — — 6.1 - .2 - .2 - .1 Other fabricated metal products - 2.0 .2 + .3 - .1 + «9 + .2 - 1,4 - .6 - .8 -1.1 +1.2 - -5 + .1 Other durable goods + 9-5 + 1.4 + 5.2 + .5 -1.0 + .2 + .4 + •9 + -5 - + -3 +1.8 - .7 «»— mm mm mm — — Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods -26.3 .*25.7 + 3.4 .1, -1.2 + .6 - .3 - .1 + *5 „ 3.9 + 2.0 .8 + 1-5 + 3-4 + - .8 .3 .5 .1 -3 - .7 + -3 - - +1.3 + 2.9 + .1 -- +1.5 + .5 + .4 +1.5 + 3.8 - .6 + .2 -1.5 - 1*4 + .9 + 3.0 - 2.8 - 3-9 -6.9 +1.1 -1.1 + .2 - .2 —2.4 .2 - 6.6 - .1 —6.2 1.0 -2.1 + 2.5 +1.0 •9 - 5.3 + .9 +1.3 -- + .1 - 5.7 - 1.0 -20.4 +3.3 + .5 + 3.1 -4.2 +6.3 +3-3 + 5.0 -6.1 .3 -1.3 -1.3 +10.0 -28.0 +5.0 +2.0 +15.0 + .8 +1.5 •3 •3 -26.9 +10.5 + 6.7 + .6 + 1.9 + .4 - .2 - - + 1.0 .1 6.6 + 3-7 - 8.6 + l.l + •7 + -3 + 3.6 - .2 Transportation, communication, and other public utilities -16.8 Construction - .8 All other types of business, mainly services -24.0 + 2.2 + 3.9 Mining, including crude petroleum and natural gas 4.3 Trade: 3-5 Commodity dealers Other wholesale Retail — — Net change in classified loansl/ -34.4 Unclassified changes - net +10.4 Net change in commercial and industrial loans - 24.0 •7 +14.0 - - - +2.1 + .8 - *1 - - 4- *2 — - 1.0 1.6 + •l .4 .2 -6.0 +1.6 -1.1 - .1 + .1 -1.5 +2.7 +1.2 -1.6 + .8 — -.2 + -5 -1.4 - .6 + .7 -2.3 -1.9 -1.4 +1.7 +3-9 +1.9 -5,0 + .6 - .1 - .7 -4.3 +1.3 + -5 -1.1 + -3 +6 *0 - 3.9 + .1 -1.1 +2.2 - .6 —2.0 -11.7 -7.2 -3-8 - -3 -5.6 -1.3 -3.3 + .2 + .8 - -7 + .6 +6.3 -15.0 -7.0 -3.0 -1.0 -5.0 +5.0 — — - .2 — .2 + .3 -- ^ „' CUJ.U. can r JLChuuxeuu xxuojl jLi^ures appear in a release or une neserve 1/ About 2CXX veekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 per cent ox total commercial and inausvriai loans of ail weekly reporting member banks and about 70 per cent of those of all commercial banks.