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FEDERAL RESERVE statistical f*AL R l ^ * For immediate release December 12, 1962 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY H.12 Commercial and industrial loans Increased in six districts and a net of $83 million at weekly reporting member banks during the week ended December 5. The principal net increases were $4l million in loans to the mining Industry, which includes producers of petroleum and natural gas, $24 million to manufacturers of food, liquor, and tobacco products, $22 million to manufacturers of machinery, and $49 million to "all other" types of business concerns. The larger offsetting net decreases were $33 million in loans to manufacturers of textiles, apparel, and leather products and $21 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. 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 20, 1961 ended . to . to Dec. 5 B/ Dec. 5. 1962 2/ Dec. 6. 1961 1/ (In millions of dollars; 24) +11 •469 6 - 8 100) 71 -H3 +24 -33 422 147 -21 - 3 +458 -234 -l8l 71 - 57 33 +259 268 +361 - 4 J2j - 2 Mining, including crude petroleum and natural gas +41 Trade: -10 Commodity dealers Other wholesale Retail 73) + 9 +22 + + 101 287 +173 +176 Transportation, communication, and other public utilities Construction All other types of business, mainly services +17 -12 + 475 2 + 20 + 30 ±&2 + 131 ±222 Net change in classified loans Unclassified changes - net +94 -11 +1,298 + 111 +723 Net change in commercial and industrial loans +83 +1,409 +247 £/ Preliminary. l/ Because of reclassifications as of September 27, 1961, some categories are only partially comparable with prior data. In addition to the weekly table, a monthly table appears below showing changes during November 1962 compared with the preceding month and with November 1961, and also showing changes during the past twelve months. Total commercial and industrial loans increased $379 million during the month of November 1962, compared with an increase of $22? million during the month of October 1962 and an increase of $232 million in November 1961. Business of Borrower 12 months 5 weeks 5 weeks 4 weeks ended ended ended ended Nov. 28,1962 Oct. 31,1962 Nov. 29,1961 Nov. 28,1962 (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 7.5 4" 14.2 + 56.1 18.5 - 25.3 43.8 57-8 25.6 30.3 + 5-1 - 11.0 - 13.5 - 8.5 - 38.9 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + 70.8 57.6 + 13.7 + 39.3 12.2 +217.0 -152.7 + 6.1 - 10.1 - 62.7 +I63.O -103.4 - 24.4 + 1.6 - 24.0 Mining, including crude petroleum and natural gas + 4.7 + 12.3 Trade: Commodity dealers Other wholesale Retail + 64.9 + 10.6 + 97.1 Transportation, communication, and other public utilities Construction All other types of business, mainly services 35.4 + + + + 156.2 103.0 134.2 33.1 189.3 + 5.2 155.9 14.4 46.5 93-9 + 53-4 + 327.3 +125.8 + 18.6 +148.0 +131.3 + 14.4 +118.2 + + + 160.3 127.5 156.8 + 61.2 12.6 + 88.0 - 6.0 + + + + 154.6 185.5 + 86.6 - 11.1 + 71.9 + 484.9 Net change in classified loans!/ +375-4 +188.4 +342.4 +2,112.8 Unclassified changes - net + + 38 .,6 -110.4 + Net change in commercial and industrial loans +379.0 +227.0 +232.0 +2,560.0 3-6 2.9 4.3 + + 447.2 1/ See footnote on following table regarding current coverage and footnotes on front page regarding comparability with prior figures. H.12(a) IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, DECEMBER 5, 1962 San FranHstl R"Minne- Kansas New- Phila- Cleve- RichAll DisDallas cisco 2/ Chicago Atlanta City apolis Boston Louis Business of Borrower York delphia land mond triets jy (In millions of dollars) - 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 Mining, including crude petroleum and natural gas + 8;5 +22.1 +11.0 - 7.7 - 3-5 - «9 - .1 -1.8 + .1 - .4 +11.1 +16.0 - 1.7 - 3-3 - 5-2 - .5 +1.2 - *3 - .5 + .1 + 7.1 +1.6 - .2 + .3 + .2 +23.5 +1.0 +19,0 - -9 + 3*3 -20.3 - 1.5 - .2 - .8 + 3*3 - *2 — l«9 + .9 + .3 - *4 +3.2 - -3 - .1 +35 *5 - -3 - - 7.6 +3.3 +12.9 - .8 -33.il - 2.3 -21.2 - 2.9 -4.5 -1.2 -2.1 +1+0.7 -19.4 - 3-8 -2.1 - .2 -- .8 +4.8 — 1.6 + .4 - *2 — .1 —3.6 + .3 - .1 + .1 - .9 + 1.2 + 5 *8 - 1 »9 + .9 - 1.0 - 7.3 - .7 + 2.0 + + .1 .4 .6 *2 .9 +1.7 +3-3 - .4 - .4 + .1 - + .6 - .6 + .2 + - .8 -3 -3 .1 + + - .1 .1 .4 .2 + .1 + .1 - .1 + .5 +" .3 .6 - -3 - .4 • *2 + .7 + 1.8 -3.1 + .8 + .1 - .2 + *]_ + .2 + 1.7 .1 - -k .3 + ^-0 + .7 -3.3 - 1.4 + .4 .4 - .1 -2.0 +1.0 - 2.1 - .7 - 2.5 - 2.9 +9.1 +1.1 —1.4 - .9 . - .3 -1.1 - .9 - .8 + .1 -14.3 - 1.4 + 1.3 - 2.7 + .4 +1.7 - .2 -2.4 + .1 + .4 + 2.7 +1.5 *3 -1.2 - -5 -2 «3 - 2.8 — — Not avail- Commodity dealers Other wholesale Retail - 9-7 + 8.5 + 6.0 +7.7 +1.5 •1.2 +12.8 Transportation, communication, and other public utilities +17.0 - .3 +17.3 Construction -12.2 —1.4 - 2.4 -1.2 - 2.8 +1.2 All other types of business, mainly services +49.4 — .3 +29.8 -1.6 +12.1 -3 >9 -2>5 +11 »3 — .6 - .5 + .2 + 5.4 Net change in classified loansl/ +9k.l -3 *9 +89.2 -5.6 +14.9 -2.4 +2.2 +7*1 +9.7 -5.8 -3.1 -8.2 Unclassified changes - net -11.1 +1.9 - 1.2 +1.6 - 3*9 +4.4 - .2 - 4.1 - .7 +1.8 + .1 — . .8 -10.0 49.0 -4.0 -3.0 - 9.0 -10.0 Trade: Net change in commercial and industrial loans -1.0 able p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District 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
@FedFRASER