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F E D E R A L R E S E R V E release For Immediate release August 7, 1963. CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and industrial loans increased in seven districts and a net of $77 million at weekly reporting member banks during the week ended July 31* The principal net increases were $28 million in loans to commodity dealers, $27 million to manufacturers of food, liquor, and tobacco products, $15 million to transportation, communication, and other public utilities, and $13 million to the retail trade. The larger offsetting net decreases were $24 million in loans to the mining industry, which includes producers of petroleum and natural gas, and $l4 million to manufacturers of chemicals and rubber 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. 1 Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods Cumulative since mid-year Week June 26, 1963 June 27, 1962 ended . to , to July 312/ July 31,1963 2/ Aug. 1. 1962 (In millions of dollars) 8 9 63 63 - 54 2 5 7 38 + 95 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +27 +10 - 3 -l4 - 5 55 43 78 94 7 6 98 38 Mining, including crude petroleum and natural gas -24 - 15 - 19 +28 + 2 +13 +50 - 27 - 54 +17 + 18 - 10 Trade: " * 4 * 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 p/ Preliminary. 2 +15 10 22 - 18 -113 - 18 18 + 2 + 5 -134 + 38 + _5 - 15 + 32 +65 +12 -496 - 39 -205 - 4 +77 -535 -208 + 18 ffffAwygft EH COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JULY 31, 19&3 San FranMinne Kansas St. Phila- Cleve- RichNew All DisAtlanta Chicago Louis apolis City Dallas cisco P/ Boston York delphia land Business of Borrower mond tricts 1/ (Tn milUmia nf dollars) Durable goods manufacturing: — .1 •5 + .2 - .2 - -9 - -3 - 5.2 Primary metals - 7-7 - .7 + .1 +4.0 -1.0 - 6.4 - -5 + 2.1 - .8 - .1 + .7 +4.0 + 3-2 -3.0 + 2.3 Machinery - .1 - -3 + 1-9 — - .2 - 3.2 + .1 + -5 - .1 - .5 + .8 + 6.2 + 5.1 Transportation equipment + 1-9 -1.2 - .1 - 2.1 +1-3 +1.7 - .1 + -5 + 2.0 -1.9 + 5-7 -3.7 Other fabricated metal products + .4 •5 - .2 .+ 1.7 + .6 + .4 +1.6 - .3 + .4 + 6.9 - -3 + 3-1 Other durable goods H.12(a) — — — — Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +26.8 - .7 +2.2 +25.4 + 2.6 - 5.7 + .9 +2.0 + .2 -1.2 -2.9 + 9-9 - 2.7 -13.9 - 4.7 + .4 + .4 - 4.8 - 1*2 + .2 +1-5 - .4 —1.6 + -3 Mining, including crude petroleum and natural gas -23.6 - .4 -20.1 + .1 + .2 Trade: +27.9 - .4 +10.6 + 6.1 + .4 - -9 -3.1 +3.1 + .7 mm mm - «3 + .2 -2.6 - -5 - -3 - .8 + .7 + 1.5 + 4.2 + .3 - 2.5 - 3.2 - .6 - 1.7 +1.5 - -7 + 3-0 —1*0 - .1 + .2 -2.8 -1.4 — — + 7.6 + •5 + •5 + .1 - .3 - .3 + .3 +2.1 - .2" + .1 - .2 + .2 - -5 - .2 -1.6 - .2 »2 — .1 - .2 - -9 - «3 - .6 — — —2.0 + .4 + .1 —• mm - 1.2 +2.9 +1.0 + .2 - .7 - -7 + .5 -1.3 - 4.5 +2.0 +5.8 +8.4 - .1 +5.0 + 1-7 + .3 + 3.0 - .8 + 6.3 +1.1 - .6 + .2 -3.5 - + .3 + »1 * —2.0 + 1.4 —l.o — .6 —1.6 - .6 - 4.4 -3-2 -3.5 -1.5 +3.0 - 8.7 -3.9 - .8 -2.2 -2.6 + 3*6 +65.3 -4.1 - .7 -3.6 -7.2 -15.6 - .2 +3-7 +3-5 +1.7 +17-3 Unclassified changes - net +11-7 +1.1 -3.3 +6.6 + .2 - 6.4 +1.2 + -3 - .5 + .3 + 6.7 Net change in commercial and industrial loans +77.0 -3-0 -4.0 +3.0 -7.0 -22.0 +1.0 +4.0 +3.0 +2.0 +24.0 Commodity dealers Other wholesale Retail + 2.0 +12.7 Transportation, communication, and other public utilities +15.3 -4.0 +13• 5 - «4 +2.4 +1.5 Construction + 2.3 —1.1 + 9.6 +2.2 All other types of business, mainly services + 4.7 Net change in classified loansl/ .. 2 •1.8 + .7 +2.3 .4 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 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 all commercial banks.
