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FEDERAL statistical RESERVE release * f^VL RES^t ' H.12 For Immediate release December 19, 1962 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and i n d u s t r i a l loans increased in eight d i s t r i c t s and a net of . $28 million a t weekly reporting member banks during the week ended December 12. The p r i n c i p a l net increases were $42 million i n loans t o " a l l other" types of business concerns, $18 million to manufacturers of food, liquor, and tobacco products, $14 million to manufacturers of machinery, and $66 million to u n c l a s s i f i e d borrowers. > » The larger o f f s e t t i n g net decreases were $30 million in loans to transportation, communication, and other public u t i l i t i e s , $24 million to commodity dealers, and $18 million to manufacturers of transportation equipment. Changes in loans during the week and since mid-year are shown below; t h i r d ' column shows the changes during the comparable period l a s t 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 r e f i n i n g Chemicals and rubber ». Other nondurable goods Mining, including crude petroleum and natural gas 1 * Trade: Commodity dealers Other wholesale Retail Dec. 12 W . Dec. 12, 1962 VJDec. 13, I 9 6 I (In millions of d o l l a r s ) + 1 +14 72 25) 92) 71 -18 + 8 + 5 +18 - 9 -430 -109 438 +460' -207 -12 17) 144) 84 - 56 + 3 35 +263 248 95 +412 156 -13 + 2 -24 - 7 + + + -223 +167 276 +131 -30 - 6 446 9 + 79 + 47 +42 175 +351 Net change in c l a s s i f i e d loans Unclassified changes - net -38 +66 +1,254 + 199 +884 -430 Net change in commercial and i n d u s t r i a l loans +28 +1,453 +454 * Transportation, communication, and other public u t i l i t i e s Construction - All other types of business, mainly services v Week ended Cumulative since mid-year June 27, 1962 June 28, 196I to . to -12 2 / Preliminary. l / Because of r e c l a s s i f i c a t i o n s as of September 27, 1961, some categories are only p a r t i a l l y comparable with p r i o r data. l/ 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, DECEMBER 12, 1962 A l l DisNew P h i l a - Cleve- RichSt. MinneBusiness of Borrower t r i c t s 2 / Boston York d e l p h i a land mond Atlanta Chicago Louis a p o l i s (In rail l i o n s of d o l l a r s ) Durable goods manufacturing: —— —— + 1.0 + .1 + . 1 +1.1 Primary m e t a l s - 1.1 - .5 + .6 + .8 - .4 +14.3 + 2 . 3 - -9 -—- + 8.9 Machinery + 1 . 3 + -7 + .1 + *1 - 4 . 8 + .2 -18 a T r a n s p o r t a t i o n equipment + -3 - 1 - 5 - 8.9 + .3 + 1.0 + .9 - 3.0 +2.2 - .4 + .6 + 8.3 - .4 +2.1 Other f a b r i c a t e d metal products + 3.3 + 6.2 + 4.5 Other durable goods - .1 - .2 -- -3 - 1 - 5 - 1 . 3 •3 + .8 Nondurable goods manufacturing: Food, l i q u o r , and tobacco T e x t i l e s , apparel, and l e a t h e r Petroleum r e f i n i n g Chemicals and rubber Other nondurable goods +18.0 - 8.9 -12.7 + 2.1 -12.2 Mining, i n c l u d i n g crude petroleum and n a t u r a l gas + 3.2 Trade: -Zkil Commodity d e a l e r s Other wholesale Retail + 3*4 - 1.6 + .8 - 8 . 5 - - -13.5 - -7 + 1 . 2 - *5 - .2 +3-1 + -5 - .7 - .1 —1.6 + 8.9 - .5 - 2.2 + .8 + 2.2 + .4 - .1 -- - 3.5 + .8 + 2.4 - .4 - -9 +14.6 —— —— + - .1 .8 +1.0 - .6 —— - .2 - -7 — — + .2 + .2 — — - 7.1 - 1.4 - .1 + .6 - 6.2 + •! + + + - .5, .6 .1 .1 *3 .2 1.8 3-2 1.0 2.0 + .8 + .3 —- +1.6 •r 2 . 0 -- .5 .7 *1 + 4.5 + 1.0 + 2.0 -- 4 . 3 .7 + ,8 +4.0 + .1 + .5 + 7.6 - 6;2 - .2 + 2.2 - .2 •3 - .7 - 2.2 +1.5 -1.4- >8 - /§ * -2.2 + 3.2 + -2.2 + 1.9 - .2 - .4 + .4 - W + - 3-1 -1.3 - —1.4 . - .4 - 1.1 + 1.9 - .7 +2.5 - 7.1 + 4.4 .5 + 2.7 +2.9 +14.3 + 2.4 +1.5 + 9.0 + .8 - .2 +1.5 - 2.7 + 9.4 -37.6 -28.3 -91.0 +6.3 +29.3 - 5-9 +6.9 +19.9 +17.1 +2.7 +2.7 -13.2 +15.9 +65.6 + -3 + 6.0 - .3 + 3-7 - 4.1 +1.1 + 4.1 + 3-9 + .3 - .7 + 2.2 +49.1 +28.0 -28.0 +6.0 +33.0 -10.0 +8.0 +24.0 +21.0 +3-0 +2.0 -11.0 +65.O T r a n s p o r t a t i o n , communication, and other public u t i l i t i e s -30.3 - 3 *8 -30.3 Construction - 6»o . + .7 A l l o t h e r t y p e s of b u s i n e s s , mainly s e r v i c e s +42.1 + Net change i n commercial and i n d u s t r i a l loans .5 .2 .1 .4 .3 + + + mo - .4 + 2.1 - .8 ik + .7 -3*4 • U n c l a s s i f i e d changes - net + + + + «. + .9 + .4 .6 — .4 - *3 + 1.3 - .3 - .1 - .7 - 1 1 . 1 +1.9 - 3*2 + .8 -10.8 + .8 -27 - 6.5 -12.3 Net change i n c l a s s i f i e d l o a n s l / - 1.8 - .6 + 1.0 +1.3 - 2,2 Kansas San FranCity Dallas cisco 2 / -85.0 .4 .6 + 7.4 p / P r e l i m i n a r y ; f i n a l t o t a l s w i l l appear in t h e F. R. B u l l e t i n and San Francisco D i s t r i c t f i n a l f i g u r e s appear i n a r e l e a s e of t h e Reserve Bank 1 / About 200 weekly r e p o r t i n g member banks are r e p o r t i n g changes in t h e i r l a r g e r loans as t o industry; these "banks hold about 95 per cent of t o t a l commercial and i n d u s t r i a l loans of a l l weekly r e p o r t i n g member banks and about 70 per cent of those of a l l commercial banks.
@FedFRASER