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FEDERAL statistical RESERVE release For immediate release January 3, 1962 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and. industrial loans increased a net of $162 million at weekly reporting member banks during the week ended December 27• The principal net increases were $115 million in loans to the mining industry, $$1 million to manufacturers of petroleum refiners, and $38 million to manufacturers of primary metals, The largest offsetting net. decrease was $85 million in loans to the retail trade, 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 Cumulative since mid-year June 2d, 196I June 29, I960 Vfeek to , to ended Dec. 272/ Dec. 27, 196lg/ Dec. 28, i960 (in millions of dollars) 38) 24) i ki 1/ -326 1/-665 1/ -3.10 l/ n.a. +561 45 7 51) 6) 1/ -131 +579 -215 1/+ 58 7 1/ - 75 1/ n.a. Mining, including crude petroleum and natural gas +115 1/ +396 1/- 29 Trade: + 24 Commodity dealers Other wholesale Retail -232 +458 +178) +507 - 26 + 25 +282 + 51 + 61 + 35 + i4 +444 +310 Net change in classified loans Unclassified changes - net +152 + 10 +1,503 2, -377 +615 3/-310 Net change in commercial and industrial loans +162 +1,126 3/+305 Transportation, communication, and other public utilities Construction All other types of business, mainly services + 6 - 85 + 8) pj PrftHwHimry." n.a. - Not available. l/ Because of reclassifications as of September 27, 1961, many categories are not strictly comparable with prior data; cumulative changes shown for other durable and other nondurable are from September 20, 1961. 2/ Includes decrease of $ 135million resulting from corrections of misclassifications disclosed incident to the revisions as of September 27, 1961. 3/ Revised to eliminate adjustments in series since July 8, 1959# for mergers of non reporting banks with reporting banks. fiffAWrrag IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, DECEMBER 27, 19&1 San FranSt. Minne- Kansas Phila- Cleve- RichNew All DisDallas cisco e/ Business of Borrower tricts £/ Boston York delphia land mond Atlanta Chicago Louis apolis City (In mil lions of dollars) Durable goods manufacturing: »]_ + 1.0 .1 Not - .4 + 4.4 + 38.2 + .6 + 24.4 + .9 + 7-5 Primary metals + + + .8 — .8 .1 + .2 + 24.1 -1.2 .1 - 1-3 •9 + 24.3 +1.6 Machinery — — — - 2.8 — • 2 -1.1 + 3-2 - .3 + 12.7 + -9 + 2.6 + .1 +10.3 Transportation equipment •- •3 2.7 - .4 - .3 + .1 - 1-9 - .1 - 1.8 - 5-1 + ,8 + 1.5 Other fabricated metal products .2 .4 + 2.2 •5 - .5 - -5 .9 — 1.1 + .1 Other durable goods - 3-9 - .5 - 1.6 5.12(a) ** - Nondurable goods manufacturing: Food, liquor, and"tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + 51-3 Mining, including crude petroleum and natural gas Trade: + .1 - .3 - .4 22.2 6.1 + 23.1 4.0 - 2.9 +114.5 + .2 + 76.1 + + 23.9 + 6.0 —2 *1 + .6 + + - 84.5 -4.7 + 17.7 8.9 - 42.1 + 24.6 +1.4 + -3 + 14.4 - 45.0 - 6.5 - 6.1 - 6.6 + "3 -2.8 +1-5 +1.1 - 3.8 .6 - 4-21.9 + 3.5 2.4 - .1 - -1.8 +5.7 — — — 1.4 - 1.4 1.4 + .2 - .2 — + — + .8 .5 .1 .1 -13.3 - .8 + .1 +9-1 + -5 - • ! + 4.0 - 3.7 .6 1.1 .8 + .8 + - .5 -1.5 - 2.4 - .3 - 1-5 - 1-5 - .7 +3.4 -14.8 - .3 + 7.0 + 7 •? +24.5 + 5-9 +1.8 +1.0 -26.0 -7.9 -13.7 +19.0 +13.9 2-3 - 1.5 + 3-1 + .2 -1.0 - 3.0 + .9 - 1-3 + 1.0 + .1 +6.0 +139.0 +23.0 + 9.0 +2.0 -- -29.0 -7.0 -15.0 +20.0 +14.0 +6.0 25.3 + 2.0 + 4.3 + .7 + 1.9 + 1.0 + .8 +1.2 + 10.0 + 2.2 Net change in classified loansl/ +151.9 -3.3 +136.7 Unclassified changes - net + 10.1 +3.3 + Net change in commercial and industrial loans +162.0 -- - + 9.2 .2 avail + + 1.8 -2.1 - .4 + -1 -1.2 All other types of business, mainly services +12.0 +17.9 — -6.5 +3.0 - .9 •3 - 1.6 - .2 - 1.4 - 2.6 + .8 -14.0 .4 •3 - 5-5 Construction — — .8 .1 .3 - 1.0 + 2-3 + .1 + .6 .1 - + + Transportation, communication, and other public utilities — — - 1.0 + -4.5 -1.5 + .3 .1 .8 - 1.6 Commodity dealers Other wholesale Retail -1-7 -1.5 +1.0 - .6 - - 7*9 .4 - + •7 - 2.2 1.4 4.3 •5 - 4.1 .2 + 5.4 able 2/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District 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 of total commercial and industrial loans of all weekly reporting member banks and about JO per cent of those of all commercial banks.
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