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F E D E R A L statistical R E S E R V E release For immediate r e l e a s e February 7, 1962 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and i n d u s t r i a l loans increased i n seven d i s t r i c t s and a net of $19 m i l l i o n a t weekly r e p o r t i n g member banks during t h e week ended January 31• The p r i n c i p a l net i n c r e a s e s were $27 m i l l i o n in loans t o manufacturers of t e x t i l e s , apparel, and l e a t h e r products, $22 m i l l i o n t o manufacturers of machinery, $18 m i l l i o n t o manufacturers of t r a n s p o r t a t i o n equipment, and $36 m i l l i o n t o " a l l other" types of "business concerns. The l a r g e r o f f s e t t i n g net decreases were $35 m i l l i o n i n loans t 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 , $34 m i l l i o n t o petroleum r e f i n e r s , and $21 m i l l i o n t o commodity d e a l e r s . Changes in loans during t h e week and since mid-year a r e shown "below; t h i r d column shows the changes during t h e comparable period l a s t y e a r . Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment Other f a b r i c a t e d metal products Other durable goods 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 Mining, including crude petroleum and n a t u r a l gas Trade: Commodity d e a l e r s Other wholesale Retail Cumulative since mid-year Week June 2b, 1951 June 29, I960 ended . to , to Jan. 3 W J a n . 31, 196&/ Feb. 1, 1961 ( i n m i l l i o n s of d o l l a r s ) +22) +18) - 5) -10 1/-482 1/-799 1/-150 1/ n . a . +37U +27 -34) - 3) - 3 -221 +364 -223 1/-222 1/+128 1/-113 l / n.a. + 8 1/+629 1 / - 99 + 6 -11 +443 + 93) -125) -21 + 6 +498 -329 Transportation, communication, and other p u b l i c u t i l i t i e s Construction All other types of b u s i n e s s , mainly s e r v i c e s -35 -10 + 23 + 30 + 10 ±3§ +389 +340 Net change i n c l a s s i f i e d loans U n c l a s s i f i e d changes - net +27 - 8 +666 2/-435 3/-440 Net change i n commercial and i n d u s t r i a l loans +19 +231 3/-557 - 8 -118 g / Preliminary. n . a . - Not a v a i l a b l e . 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, many c a t e g o r i e s are not s t r i c t l y comparable with p r i o r d a t a ; cumulative changes shown f o r other durable and other nondurable are from September 20, 1961. 2 / Includes decrease of $135 m i l l i o n r e s u l t i n g from c o r r e c t i o n s of m i s c l a s s i f i c a t i o n s d i s c l o s e d i n c i d e n t t o t h e r e v i s i o n s a s of September 27, 1961. 3 / Revised t o e l i m i n a t e adjustments i n s e r i e s since J u l y 8, 1959# f o r mergers of nonr e p o r t i n g banks with r e p o r t i n g banks. H.12(a) CHARGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 31, 1962 St. Minne- Kansas San FranNew P h i l a - Cleve- RichA l l DisA t l a n t a Chicago Dallas Boston Business of Borrower City a p o l i s Louis mond cisco 2 / York d e l p h i a land t r i c t s $/ (In m i l l i o n s of do]Liars) Durable goods manufacturing: + .1 + .1 --+ .7 +1.5 -- ' -1.2 - .2 - .2 + .9 -1.4 + *3 Primary m e t a l s + .8 4-1.1 .2 + -5 *1 + .9 +22.4 +19-1 +3.1 2.3 - .5 Machinery + .2 + .1 + .1 + 1 . 2 + 3.2 el .1 + -7 + 5-6 + 8 . 5 +17.9 -1.5 T r a n s p o r t a t i o n equipment + .4 + .4 + .6 - 4.4 + 2 . 1 +1.4 3 «6 4.6 - -7 Other f a b r i c a t e d metal products - -5 •3 + .8 — .1 — 1 . 4 + -5 .4 6 . 1 .2 + -3 -10.0 - 2.7 - .7 Other durable goods 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 + 5.5 +27.3 -33 -8 - 3-3 - 2.7 + -9 +6.3 —+1.2 - *7 +13-2 +21.2 -12.7 - 3*6 - 1-9 Mining, i n c l u d i n g crude petroleum and n a t u r a l gas + 7.9 + .1 - 8.5 Commodity d e a l e r s Other wholesale Retail -20.6 '-10.9 + 5-5 - •1 -3.0 - .9 - 2.6 - .8 - *1 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 -34.8 -3.2 Construction - 9.6 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 — — + .8 .1 •9 - 2.8 + 1.0 -16.7 •3 + .2 - 1.5 .6 + + - - .1 .1 + .9 - -5 + -3 + .6 - 1-3 — #1 - -9 + .9 - .2 - - + .8 + .6 + .2 + .1 -1.1 - .8 + -7 -2.2 -3.0 — .2 -1.3 + .6 + .1 + .6 + .2 —— -1.3 +8.9 - +1.4 + .2 - .9 -2.8 + .4 -2.9 +3-1 - 3-4 + .4 + 7-0 .2 -- - .7 - .1 -12.7 - .8 - 1.9 - .4 + -3 + .6 -1.8 — - .4 — + .6 - •1 -- +1.4 + 8.1 - 4.0 - 2.9 - 1.9 + + .2 .4 .8 - 2.3 -1.8 - 3.5 -1-3 + -3 + 2.9 + .1 -10.9 + 2.7 -12.7 + -• -5 .6 -2.6 — 2.0 - - .8 + 1.8 - 1.7 + .8 - 3-6 -1.7 - 3.7 •9 - .9 + .3 + .4 + +35-6 +1.6 + 7.5 + 1.4 + 5.1 + 4.7 +3-2 + 6.9 - 2.6 +1.1 + .3 +4.1 + 2.3 Net change i n c l a s s i f i e d l o a n s l / - 7-9 +2.6 +21.8 -11.2 - 7.3 - 9.0 +1.2 + 8.1 -14.4 +1.9 -3.4 +9-3 - 7.5 U n c l a s s i f i e d changes - n e t +26.9 +3-4 + + .2 - 3.7 - 3-0 +2.8 + 2.9 + 1.4 - .9 + .4 - .3 +23.5 Net change i n commercial and i n d u s t r i a l loans +19.0 +6.0 +22.0 -11.0 -11.0 -12.0 +4.0 +11.0 -13.0 +1.0 -3.0 +9.0 +16.0 Trade: .2 -- -5 - - -7 .4 g / 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 i n t h e i r l a r g e r l o a n s as t o industry; t h e s e hanks 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 hanks and about 70 per cent of t h o s e of a l l commercial hanks.
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