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F mil statistical E D E R A L R E S E R V E release <f^LRES^' For Immediate release August 29, 1962 H.12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in nine districts and a net of $58 million at weekly reporting member banks during the week ended August 22. The principal net increases were $49 million in loans to transportation, communication, and other public utilities, $13 million to the retail trade, $12 million to manufacturers of textiles, apparel, and leather products, and $51 million to unclassified borrowers. The larger offsetting net decreases were $33 million in loans to "all other" types of business concerns, and $25 million to manufacturers of food, liquor, and tobacco 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. 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 mid-year Week June 27, 1962 June 28, 1961 ended . to . to Aug. 22 E/ Aug. 22.1962P/Aug. 23, 1961 (in millions of dollars) - 1 + 7 - 4 + 3 - 54) - 20) - 55) - 24) +113 -25 +12 + 88 - 48 + 74 1/-190 - 16 l/ n.a. - 13 1/+ 6 -10 - 6 - 7 + 7 Mining, including crude petroleum and natural gas Trade: - 81 + 1) - 95) 1/-235 l/ n.a. Commodity dealers Other wholesale Retail + 1 t 1 +13 Hh 2b + 24) +107 + 21) + 25 Transportation, communication, and other public utilities Construction All other types of business, mainly services +49 + 3 + 86 + 47. -153 + 37 -33 - 31 +144 Net change in classified loans Unclassified changes - net +51 + 8 + 16 + 48 -232 - 39 Net change in commercial and industrial loans +58 + 64 •271 p/ Preliminary." n.a. - Not available. l/ Because of reclassifications as of September 27, 1961, many categories are not ' strictly comparable with prior data. H.12(a) CHANGES IN COMMERCIAL AH) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENEED WEDNESDAY, AUGUST 22., 1962 San FranSt. Minne- Kansas Phila- Cleve- i RichNew All DisDallas cisco 2/ Business of Borrower tricts $/ Boston York delphia land 1 mond Atlanta Chicago Louis apolis City (In millions of do]ilars) Durable goods manufacturing: + " e2 + 2.1 - .2 -2.8 + .2 + .3 - .5 Primary metals - -5 + .1 + *1 + + .6 -1.0 8.8 -1.0 -1.4 .4 1.2 + 2.4 -1.4 -•10.4 - .2 + -3 •5 Machinery + + •9 + - .4 ok .8 - .2 .1 - .1 + .6 + «3 + 4.5 + 6.7 Transportation equipment + + .4 2 «6 .8 — .1 .4 .2 -1.3 - *2 - 4.0 1-5 - .2 - 1.9 Other fabricated metal products 4 * + .4 .8 A 4 e 1 — a + .1 + .5 -2.6 + 3-0 +3.1 + 3-3 •5 Other durable goods Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods -25.3 +11.7 - 5.8 - 6.8 + 6.7 Mining, including crude petroleum and natural gas +1.0 - -3 + + + .2 .6 ;1 .1 .8 + .2 + .4 -31.5 +11.9 - 2.0 -5.4 + 6.4 ~ .2 - <7 -t- *1 - *k - -3 - 2.1 - a -1.8 - - -1,2 - .2 - .4 + .2 + -3 — w + + — .9 .2 .1 .1 .2 + 4.0 + .5 - .8 1-3 - .6 +3.3 +1.4 + .1 +1.2 -— - .1 - •3 + .1 - .8 - ,5 -1.3 - -5 - 1.3 1-5 1-3 + •7 + •7 ,4 +2.2 + .1 -2.1 — + •5 - - - - .2 - 3.2 - .1 + .1 -1.2 +2.8 + 6.2 - -5 +1.0 + -3 +2.3 - .6 -1.2 + .2 + •3 +3.0 + .4 -1.4 + 4.2 - 1-3 + •5 -1.9 -3-0 — •5 -1.5 + 3-1 Commodity dealers Other wholesale Retail + .8 - l.l +12.8 - .2 + .1 -1.0 -16.6 ~3*8 + 9-3 +2.1 * *3 + »2 -1.9 + .6 - .1 +4.4 +1;6 -1.0 +1 .2 +2-9 + 3.8 - .6 4- 4.0' Transportation, communication, and other public utilities +49A + .4 +42.5 + *2 +8.2 — .9 -2.2 + Construction + 3-3 +1.2 -F 4.9 All other types of business, mainly services -33.4 +3.0 -34.8 -1.2 +1.6 +2.1 -5-9 - 3.0 +1.4 + .6 + .6 - .9 3-1 Net change in classified loansl/ + 7.5 + .7 -18.3 - .2 +5-9 +3.7 -2.3 +15.8 +5.1 ~b .1 -2.2 -8.5 +11.9 Unclassified changes - net +50.5 +4.3 + 4.3 +1.2 + .1 +3.3 +3 •3 + .2 - .1 +6 »1 +1 .2 +1.5 +25.1 Net change in commercial and industrial loans +58.O +5.0 -14.0 +1.0 +6.0 +7.0 +1 .0 +16.0 +5.0 +2.0 -1 .0 -7-0 +37.0 Trade: 5.0 + 3-1 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 banks and about 70 per cent of those of all commercial banks.
@FedFRASER