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F statistic E D E R A L R E S E R V E release ******** For iussdiate release January 10, 1962 1.12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOADS BT ICTOSTBI Commercial and Industrial loans decreased In seven districts and • net of $106 million at weekly reporting member tanks during the week ended January 3* The principal net decreases were $$4 million in loans to the retail trade# $42 million to manufacturers of transportation equipment, $2$ million to manufacturers of chemicals and rubber products, and $26 million to unclassified borrowers • The larger offsetting net increases were $40 million in loans to the mining industry including producers of crude petroleum and natural gas and $34 million to *11 other" types of business concerns. Changes in loans during the week and since mid-year are shown below; the 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 week ended . Jan.3 2/ ^ a i i S T a S r i & ) ^ ™ U r W to , to Jan. 3. 1962 ml Jan. 4, 1961 m n i l o o a ofioilais) (x - 1) - 42 ) y + y -13) 7 - 12 - 13 - 105 y • 5^2 - 246 n.a. +566 -218 82 • 445 y • 1 - 8 - 54 • • 461 163) 48) •486 8 • 10 • • 279 •124 Uit • 474 •344 jMrHngj including crude petroleum and natural gas + 40 y Trade t Commodity dealers Other wholesale Retail Net change In commercial and Industrial loans y - 8 Net change in classified loans Unclassified changes - net 304 y y y y Transportation, communication, and other public utilities Construction All other types of business, mainly services - - - 132 — 63 - 8o - 26 +1,430 2/ ' 3 * -106 +1,056 n.a. -83 • 28 •510 3/ & 0 2/ +170 pr»n»iwnry. n.a. - Not available» l/ Because of reclassifications as of September 27, 1961, many categories are not strictly comparable with prior data; cumulative changea shown for other durable and other nondurable are from September 20, 1961. 2/ Includes decrease of $135 million resulting free corrections of misclasslficatlcns disclosed incident to the revisions as of September 27, 1961. Revised to eliminate adjustments in series since July 8, 1999# for mergers of nonDigitized3/ for FRASER http://fraser.stlouisfed.org/ reporting banks with reporting banks# Federal Reserve Bank of St. Louis In addition to the weekly table, a monthly table appears below showing changes during December 1961 compared with the preceding month and with December i 9 6 0 , and also showing changes during the past twelve months. Business of Borrower 12 months 4 weeks 4 weeks 5 weeks ended ended ended ended Dec. 7. 1961 Nov.29, 1961 Dec.28. I960 Dec .27,1961 (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods + 56.3 + 11.7 + 55.7 1.6 - 13.2 + - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + + + - +163.5 - 95-1 - 22.9) + 3-0) - 24.7 Mining, including crude petroleum and natural gas +157-2' + 54.5 +119.6 .6 -185.9 92.6 19.O 49.0 7-0) 19-1) 12.2) 7-9) 38.5 1/+ 9-1 1/ n.a. I/-423.8 1/-112.3 + 57.3 - 41-7 + 55.5 - 55.9 1/+ 97.4 l/- 40.8 l/ n.a. If- 1/+ 14.6 1/+653.7 +131.1 + 11-5) +115.6) + 49.1 +135.1 (- 4.5 (+ 5-6 +206.2 - 6.5 + + 9.8 3-9 +117.9 + 14.0 - 43.8 +105.6 +181.9 +102.1 + 69.3 +846.6 Net change in classified loansl/ +693.2 +381.6 +120.0 +ly04f.2 Unclassified changes - net +128.8 r/-l49.6 2/+ 64.0 2/2Z-272.2 Net change in commercial and industrial loans +822.0 r/+232.0 2/+184.0 3/+775-0 Trade: Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services 2.1 12.3 -267.0 73.-8 1/ See footnote on following table regarding current coverage and footnotes on front page regarding comparability with prior figures. r/ Revised. CffATKffifi nr COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY JLN1XJ8TKY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 3, 1962 San FranMinne- Kansas St. Phila- Cleve- RichAll DisNew Atlanta Chicago Louis apolis City Dallas clsco £/ Boston Business of Borrower land mond delphia, York tricts 3B/ (In 1millions of doi:Lars) Durable goods manufacturing: + .2 - -3 - .4 + 1.0 - 4.2 - .4 + .4 — 4.9 + .1 Primary metals - .5 + .6 - .1 — .1 + .4 + ".4 — • 1 .8 + .9 .6 - 1.5 - 1-3 .6 + -9 + 1.3 Machinery + .4 - .4 - 9-5 — .1 .6 + .4 42.0 - 2.7 — 6.7 Transportation equipment - 1.7 -21.0 - • 1 + .8 — 1.2 — el - 3-0 - 13.1 + .3 Other fabricated metal products - 1.5 - 3-9 - 4.0 Hh • 1 - .2 + .3 - -7 + 1.0 — + .2 + 6.4 + .5 + .6 - •5 + -7 + 6.9 - 1.6 + -7 - .6 - -5 Other durable goods H. 12(a) — — - - - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 12.1 + 1.0 12.6 - 3.3 + 14.9 25.2 - 4.7 7.9 - .1 Mining, including crude petroleum and natural gas + 40.0 + Trade: + Commodity dealers Other wholesale Retail - - - .2 1.1 + 1-5 8.0 - .6 - 54.0 - 8.9 Construction + 10.2 All other types of business, mainly services + 33.9 CO -d" + 7-7 + 1.1 .1 + .1 + .2 — + 3.4 —11.6 + 2.3 - 5.2 + .7 - 1-3 + 2.5 - 4.8 - 4.2 + - .2 .9 - - 4.0 - 6.9 + + .9 .3 + 1-5 + 3-6 + 1.6 .2 - •3 + - 2.4 .1 6.3 8.5 2.9 + 6.5 - .7 + - .4 1.2 - 2.1 - +4.6 - -5 + .4 - .8 + -5 - .8 - -5 -1.3 + 2-3 - -5 - .7 - 2.2 + -5 - 5.5 - 1.7 + 5.2 - .6 + .8 - .6 +2.5 +28.4 + 3-7 + 2.6 +2.6 + 1.9 -2.9 - 9.1 -3.8 +1.4 - -5 - -7 - .5 + .2 + .2 - 1.6 - 3'7 - 5.0 - 6.8 + 1.2 - 6.5 + -7 — 2.7 - 5.6 -6.7 -3-1 + .1 -1.2 — .1 — - - -7 + .4 - •5 H - •3 - 6.3 + 2.8 — 1.0 - .6 - .2 — 6.9 - 2.3 + 5-2 + .1 - .4 - 7-3 •3 — 1.0 - 1.4 - .4 I Transport at ion, communication, and other public utilities + - 1.6 + .2 — *2 + .2 — 1.2 - +4.4 - .8 - •5 +23.9 - -5 •3 + .2 + 5-5 -5.4 +2.1 +3.6 +2.0 +15.0 + 5.2 - 2.6 — — +1.1 + — .4 Net change in classified loansl/ - 80.4 -12.4 -13;1 -27.2 -4l.0 -12-5 +13.2 + 1.9 -9-5 +8.5 +5.1 +28.3 -21.7 Unclassified changes - net - 25.6 - .6 -39 -9 - 1.8 - 2 . 0 - 4.5 + 1.8 - 7.9 + -5 + -5 -1.1 + +28.7 -13.0 -53-0 -29.0 -43.0 - 1 7 . 0 +15.0 — 6.0 +9.0 +4.0 +29.0 Net change in commercial and industrial loans 106.0 -9-0 -7 + 7-0 p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final 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 and industrial loans of all weekly reporting member banks and about J O per cent of those of all commercial banks. of total commercial J i 4- - i • v t I > 1 > % - . t . t i l
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