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F E D E R A L R E S E R V release For Immediate release February 13, 19&3 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H .12 Commercial and industrial loans increased in seven districts and a net of innn at weekly reporting member banks during the week ended February 6. $101 Th.e principal net increases were $45 million in loans to the mining industry, which includes producers of petroleum and natural gas, $30 million each to manufacturers of machinery and to manufacturers of textiles, apparel, and leather products, and $27 million to commodity dealers. The larger offsetting net decreases were $59 million in loans to transportation, communication, and other public utilities and $36 million to "all other" types of business concerns. Changes in loans during the week and since year-end 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 year-end Week Dec. 26, 1962 Dec. 27, 1961 ended , to , to Feb. 6 £/ Feb. 6> 1963 Feb. 7, 19^2 (in millions of dollars) - 4 + 30 + 15 + 8 + 1 7 26 43 4 48 17 34 31 12 35 -226 4 9 9 -205 - 8 - 28 - 19 - 6 + 45 +277 +230 + 27 + 9 - 1 + 45 - 99 -170 + 5 - 72 - 59 + 4 -242 - 63 -338 - 35 - 36 - 93 - 38 Net change in classified loans Unclassified changes - net + 83 + 18 -738 - 32 -808 Net change in commercial and industrial loans +101 -770 -882 Mining, including crude petroleum and natural gas Trade: Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services p/ Preliminary. + 30 + + + 72 - 39 - 36 -127 - 74 In addition to the weekly table, a monthly table appears below showing changes during January 1963 compared with the preceding month and with January 1962, and also showing changes during the past twelve months. Total commercial and industrial loans decreased $871 million during the month of January 1963, compared with an increase of $486 million during the month of December 1962 and a decrease of $932 million in January 1962. The decrease in loans to manufacturers of food, liquor, and tobacco products, was the largest monthly decrease in this category since January 1961. . Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods 12 months 4 weeks 5 weeks 5 weeks ended ended ended ended Jan. 30,1963 D e c . 26,196c Jan. 31,1962. Jan. 30,196: (In millions of dollars) 3-3 56.1 58.0 12.3 48.9 + 7-5 + 17.1 + b4.0 -l- .5 - 92.2 -205.I - 15.7 +128.6 — 64.4 + 11.3 — 4.4 — 37-1 Mining, including crude petroleum and natural gas +232.3 Trade: + 18.5 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods - - 24.5 49 • 9 55-2 31.0 37-8 - I83.9 + + + 101.5 140.6 53-4 + 99.I -180.4 + 6.3 + 21.6 + - - 40.1 + 50.6 20.8 8.3 93-1 + 73.9 +223.8 + 252.2 -107.7 - 57-7 + 30.5 + + 16.7 130.5 -168.6 -127.7 - 15.2 - 81.0 -137.6 + 183.6 -182.8 +196.9 - 27.2 -265.1 - 22.9 + 227.0 - 67.0 + 120.6 - 56.8 +209. - 15.7 + 474.6 Net change in classified loansl/ -821.3 +328.9 -929.8 +1,736.8 Unclassified changes - net - 49.7 +157.1 -102.2 + Net change in commercial and industrial loans -871.0 +486.0 -932.0 +2,307.0 Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services - 38.4 - 23.6 - 27.8 26.2 - 72.6 570.2 1/ See footnote on following table regarding current coverage and footnotes on front page regarding comparability with prior figures. rffAwrrr.fi m H.12(a) CCMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS Business of Borrower All Districts P/ Boston Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods - 4.0 + 29.7 + Ik.9 + 8.4 + .6 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + -3 - -9 + 30.2 + 3.5 - 4.1 + 8.8 + -9 + 9-3 + 2.2 Mining, including crude petroleum and natural gas + 44.9 Trade: Commodity dealers Other wholesale Retail + .1 - 1.1 + .4 + -5 + .6 New York - 1.1 +17.3 +16.2 + 2.8 - -3 San FranMinne- Kansas St. Phila- Cleve- RichDallas cisco P/ Chicago Atlanta City apolis Louis mond delphia land (In millions of do].lars) + - .6 .3 ,6 .8 -3 - -5 - 3-9 +14.4 - -9 - 7.6 + 1-3 + + 6.1 + .4 .1 -1.2 +1.8 - .2 - .5 + .6 + .2 + .4 + -5 -1.4 -1.3 +2.5 - .6 - .3 - .8 + .5 + .4 + .2 + .9 + .7 - *3 - .2 + + + - .1 8.6 3-9 1-3 1.6 + + + + .4 -3 -5 .2 - .1 + 2.0 + 1.7 - .2 - .1 +1.2 + .4 + .2 - .1 - -5 +1.2 + .8 - -5 + .7 - +1.1 + .4 + .9 + .1 + .9 + .2 - .3 - .8 + .4 + .8 + 1.0 - .1 - 1.2 + 3-9 + .7+ 2.8 + .6 +1.4 +11.1 + .1 + .4 - .1 + + + .9 + 5-9 + .1 + . .1 +1.6 -1.0 — -1.1 + .6 - -5 + + 4.0 - -7 -1.0 -1.4 -1.7 +5.2 + .4 — 2 el -7.3 +2.1 +2.5 .2 + .8 - .4 — 3•4 + -7 + 3-9 - .8 +3-1 + -3 + .5 - 1.1 -3 .1 + 1.0 + 1.5 + 1.6 »j_ + 1-9 +27.2 + 26.7 + 5>7 + 8.8 + 1.4 -9 - 3-3 +20.9 + 6.2 - 1.2 - .4 — +1.5 + 6.5 - 6.9 +1.1 +2.1 + .3 +2.7 -1.7 -7.7 -4.4 -4.2 -11.0 -1.6 - .1 -1.3 -1.7 -1.4 - .3 - - 2.7 - + 1.0 - .6 -8.1 . + 1.2 -6.7 + .7 -2.7 - 3-7 - .6 + - .1 -3.1 - 1.4 -3 »6 — 1.6 -1.9 +21.4 + -3 -6.5 + 4.4 +8.3 .2 .2 + 1.5 Transportation, communication, and other public utilities - 58.8 + 9.0 -38.0 Construction + + .8 +15.0 All other types of business, mainly services -35.8 - .4 -18.6 + Net change in classified loansl/ + 82.9 +21.3 +67.8 -15.3 -3 Unclassified changes - net + 18.1 + - 3 + 1.3 + .4 —1.0 +1.6 + 4.6 +2.9 - 1.4 +1..7 - .5 +11.6 Net change in commercial and industrial loans +101.0 +22.0 +64.0 -14.0 -3.0 —1.0 -2.0 + 3.0 +1.0 +20.0 +2.0 -7.0 +16.0 3.9 .7 — — .4 «4 .8 ' .2 .4 Bank, p/ Preliminary; final morals wi_lx appear in one r • n. duiicu±u <m±u. oou xxoucxdw x ]_for J FRASER About 200 "weekly reporting member "banks are reporting changes in their larger loans as to industry; these "banks hold about 95 per cent Digitized of total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks. http://fraser.stlouisfed.org/ A A A ^ A > A ^ A t * „ 4 I . * 4 A. ^ ^ X . . * » ^ , > . . ^ Federal Reserve Bank of^St. Louis i
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