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For immediate release December 26, 1963 H.12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in all but one district and a net of $537 million at weekly reporting member banks during the week ended December 18. The principal net increases were $105 million in loans to manufacturers of food, liquor, and tobacco products, $99 million to "all other" types of business concerns, $89 million to the retail trade, $47 million to manufacturers of machinery, and $70 million to unclassified borrowers. 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 Week ended Dec. 18 Cumulative since mid-year June 26, 1963 June 27, 1962 . to , to Dec. 18. 1 q6^ —' Dec. 191 (in millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods + 11 + 47 +21 + 10 - 4 + 20 - 43 - 111 26 64 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +105 + 5 + 5 +19 2 + 664 ~ 116 + 3 ^ 91 21 Mining, including crude petroleum and natural gas + 17 + 136 + 55 Trade: Commodity dealers Other wholesale Retail + 22 + 89 + + 599 96 367 + + + 24l 108 231 + 26 - 2 + + 4l6 49 + 470 7 + 99 + 310 + OJ Net change in classified loans Unclassified changes - net +467 + 70 +2 ,218 + 236 +1,488 + 233 Net change in commercial and industrial loans +537 +2,454 +1,721 Transportation, communication, and other public utilities Construction All other types of business, mainly services p/ Preliminary. r + + + 70 42 25 89 6 3 + 536 - 164 + 25 - 134 86 1.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, MEEK ENDED WEDNESDAY, DECEMBER 18, 1963 All DisNew Phila- Cleve- RichSt. Minne- Kansas San FranBusiness of Borrower tricts £/ [Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco EZ (In mil,lions of do] -Lars) Durable goods manufacturing: Primary metals + 11.4 + .8 + 2.5 + 1.2 + 7-8 - .2 + -3 - -5 + .3 + .1 -9 Machinery + 46.7 + 2.6 + 17.1 + 1.4 + 4.3 + .1 + .4 +12.8 - .1 + 1.4 + 1.4 + -9 + 4.4 - - + 10.5 - .6 + 2.4 + 20.6 Transportation equipment - .1 + 6.8 + 2.3 - -3 + -3 .6 Other fabricated metal products + 10.3 - 1.4 + 5.8 + 1.4 + .2 +1.1 + 1.0 + .2 - .3 + .1 + .4 + 1.1 + .7 Other durable goods + 2.5 - 3.6 - 5-6 - 1-9 + .2 +1.1 - .5 - -7 + -7 + .6 mm mm — — - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +104.7 + 5-1 + 4.7 + 18.6 - 1-7 + 1-3 + - 2.2 + + 1.4 + + 8.1 - Mining, Including crude petroleum and natural gas + 17-4 + 1-7 + 26.7 + Trade: Commodity dealers Other wholesale Retail 62.7 4.8 2.4 14.2 9.0 .]_ + 1.6 + 3-9 + 6.4 - -9 - 1-7 + 9-4 + 1.2 + 1.6 - 1.1 + 4.0 + .7 + .2 - .9 + -3 .9 .3 .3 «1 .1 - 2.5 - .4 + 5-2 - .4 - 2.4 +5.9 - .7 - .2 -3 - 3 *8 - 5-2 +1.0 - 1.4 -5.2 .4 + 21.5 + 88.7 + 4.2 - 7-5 + 2.3 - -9 — 1.6 + 3.5 + 10.7 + 2.3 + 3.2 - .4 + 1.6 + 29.4 +15 *6 + 7.2 + 2.0 - .5 +1.2 —1.0 + 1.2 +14.9 -1-7 -2.5 +4.2 + .3 - .1 + 3.0 + 2.1 + .3 - 2.2 + 3.4 + .8 + 3-5 + 7.9 + .3 + 3-1 ' Transportation, communication, and other public utilities + 25.9 — 6.2 + 8.5 + 2.1 -6.9 +4.3 +15.8 - -9 + 1.0 + 3-2 + 2.2 + .8 Construction - 2.3 - 1.4 + 2.4 + .8 + .5 - 3-2 -1.4 - .6 - 1.4 + .3 + .2 All other types of business, mainly services + 99.0 + 2.2 + 40.4 + .3 + 6.1 + 5.7 -2.5 +16.8 + .2 + .6 + 7.2 +13.6 + 8.4 Net change in classified loansl/ +466.6 +16.2 +219.3 +28.1 +25.3 +21.2 +5.8 +54.4 -1.9 + 7-0 +14.3 +32.1 +44.8 Unclassified changes - net + 70.4 + 5.8 + - 1.2 + .2 +11.6 - .1 + 3-0 + 2.7 Net change in commercial and industrial loans +537.0 +22.0 +222.0 +28.0 +45.0 +20.0 +6.0 +66.0 -2.0 +10.0 +17-0 +32.0 +71-0 — — 2.7 - — — .8 + + 2.0 -7 + *1 +19.7 + + - - .]_ +1.2 - .1 .5 + .1 + 1.2 + — + -7 .1 .4 .1 .2 + 4.1 +21.2 + .4 - 3.3 + .3 - .3 + .2 - .2 - .2 - -3 .6 + 2.4 + . - • ! "3 +26.2 1/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks 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.