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FEDERAL re****. statistical RESERVE release For immediate r e l e a s e J a n u a r y 31, 1962 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and i n d u s t r i a l l o a n s decreased i n a l l d i s t r i c t s and a n e t of $249 m i l l i o n a t weekly r e p o r t i n g member "banks d u r i n g t h e week ended J a n u a r y 24. The l a r g e r n e t d e c r e a s e s were $65 m i l l i o n i n l o a n s t o t r a n s p o r t a t i o n , communication, and o t h e r p u b l i c u t i l i t i e s , $46 m i l l i o n t o m a n u f a c t u r e r s of food, l i q u o r , and t o b a c c o p r o d u c t s , $20 m i l l i o n t o m a n u f a c t u r e r s of " o t h e r " d u r a b l e goods, $18 m i l l i o n t o t h e wholesale t r a d e , and $21 m i l l i o n " a l l o t h e r " t y p e s of b u s i n e s s . L o a n s t o commodity d e a l e r s i n c r e a s e d $22 m i l l i o n . Changes i n l o a n s d u r i n g t h e week and s i n c e mid-year a r e shown "below; t h e t h i r d column shows t h e changes d u r i n g t h e comparable p e r i o d l a s t y e a r . B u s i n e s s of Borrower Durable goods m a n u f a c t u r i n g : Primary m e t a l s Machinery T r a n s p o r t a t i o n equipment Other f a b r i c a t e d m e t a l p r o d u c t s Other d u r a b l e goods Nondurable goods m a n u f a c t u r i n g : Food, l i q u o r , and t o b a c c o T e x t i l e s , a p p a r e l , and l e a t h e r Petroleum r e f i n i n g Chemicals and r u b b e r Other nondurable goods Mining, i n c l u d i n g crude petroleum and n a t u r a l gas Trade: Commodity d e a l e r s Other wholesale Retail 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 Construction 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 Week ended . Jan. 2 W " 6) - 15) - 10) - k) - 20 Cumulative s i n c e mid-year June 28, 1961 June 29, I960 to . to J a n . 24, 1962B/ J a n . 25, 1961 ( I n m i l l i o n s of d o l l a r s ) 1/-522 1/-845 1/-137 l / n.a. - k6 1 +371 -240 +357 -244 1/+146 - 12 1/-182 1/-112 - 5 1/+622 1/-104 + 22 - 18 - 1 +467 +482 - 65 - 11 + 64 + 39 + 29 + 17 - 21 +363 ±256 :8 +101) -13k) 1/ n . a . -270 Net change i n c l a s s i f i e d l o a n s U n c l a s s i f i e d changes - n e t -219 iJl +699 2/-434 3/-4oi Net change i n commercial and i n d u s t r i a l loans -249 +265 lJ-476 - 75 n . a . - Not a v a i l a b l e . 2/ Preliminary. 1 / Because of r e c l a s s i f i c a t i o n s a s of September 27, 1961, many c a t e g o r i e s a r e 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 o t h e r d u r a b l e and o t h e r nondurable a r e f r a n September 20, 1961. 2 / I n c l u d e s d e c r e a s e 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. 2 / Revised t o e l i m i n a t e a d j u s t m e n t s i n s e r i e s s i n c e J u l y 8, 1959, f o r mergers of nonr e p o r t i n g banks w i t h r e p o r t i n g b a n k s . H. 1 2 ( a ) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY A l l DisNew P h i l a - Cleve- RichB u s i n e s s of Borrower t r i c t s $ / Boston York d e l p h i a l a n d mond A t l a n t a Chicago ( I n m i l l i o n s of do]Liars) D u r a b l e goods m a n u f a c t u r i n g : — 6.0 —— - 1 . 4 - .8 Primary m e t a l s + .9 - 5.2 - 2.8 -18.3 Machinery - 4 . 8 + -7 + 8.8 - 15.1 + -3 - *]_ + *1 + 1.6 - 4.8 + .1 - 1 . 1 T r a n s p o r t a t i o n equipment 9»6 + 1.2 — •» + .4 - .8 + .2 Other f a b r i c a t e d metal products - 4.1 - 1.1 + 2.0 - 2.9 O t h e r d u r a b l e goods - .6 - 1 1 . 8 + .2 - 19.6 + .7 - .1 .5 - .6 — — — — — — Nondurable goods m a n u f a c t u r i n g : Food, l i q u o r , and t o b a c c o T e x t i l e s , a p p a r e l , and l e a t h e r Petroleum r e f i n i n g Chemicals and r u b b e r Other n o n d u r a b l e goods - 46.3 + .5 — 6.1 3 *6 - 11.7 Mining, i n c l u d i n g crude p e t r o l e u m and n a t u r a l g a s - — — 4.7 - *2 + .9 -1.8 - .1 - .3 +1.5 - .1 - .1 - -3 - .1 - .1 - .5 - .8 -1.7 + - •3 - .4 .5 - 1.1 - 4.1 - 3-0 - .8 + .4 - .6 *1 — <— -10.3 + 1.5 - 4.6 - 1.0 — 2.0 +4.8 - *1 - *]_ - *2 - .2 —2.6 - .2 -2.6 + .1 - .2 -1.3 + .1 + .1 - .7 - .8 + .6 + 1.0 - 2.9 - 1.4 .8 -3 - 2.1 - .8 + .1 — .2 +1.4 - .1 +1.1 + -3 - .3 - .4 - #2 + .1 + .5 - 1.1 -- - .1 - .2 - 2.1 - - 2.3 + 2.0 — 1 . 6 + .5 - . 2 + .3 + .3 - .3 - .2 - .6 - -3 - *7 + 2.9 - .4 + .2 +2.4 - .9 -2.5 +2.1 - #l - .3 +2.4 - .3 + 3-5 - 4.8 — 1.0 + .1 - 3.0 + 1.6 - .4.5 + .9 -1.4 -27.6 -2.9 -1 *0 >4.0 + 1.4 - 2.4 +3.1 + -5 - 2.3 + .3 + .4 -1.7 - 1*2 - 1.6 —— - 1.5 — - 1.1 + -5 + .2 +1.4 —— -2.3 • » «•» «•» + 4.7 + .1 + 3.3 + 7.1 - 9-2 - l.l 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 - 64.8 - 3*4 -19.2 Construction - 10.7 + .6 — 6.0 — 1.1 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 - 20.7 - 1.3 — 2.8 + 1.5 - 5.7 + .1 -2.2 + 4.4 -4.7 - -3 —•! - 7.7 - 1«9 Net change i n c l a s s i f i e d l o a n s ! / -218.8 - 9.2 -93 -12.8 -16.4 +3.5 -2.5 -32.4 -2.9 -3'7 -8.9 -15.9 -23.8 U n c l a s s i f i e d changes - n e t - 30.2 — l .8 - 4 . 2 - .2 - 2.6 -4.5 + .5 - 4.6 -1.1 + -7 + .9 - .1 -13.2 Net change i n commercial and industrial loans -249-0 -11.0 -13.0 -19.0 -1.0 -2.0 -37.0 -4.0 - 3 «0 -16.0 -37.0 -98.0 •7 0 + 21.9 - 17.5 •7 00 Commodity d e a l e r s Other w h o l e s a l e Retail 1 H -<) Trade: -26.0 + 1.4 + 1.1 + -3 + 2 . 8 — 1.6 - 4.9 - 3.4 - 4.5 MEMBER BANKS 24, 1962 St. Minne- Kansas San F r a n Louis a p o l i s C i t y D a l l a s c i s c o $ / 2 / 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 a p p e a r i n t h e F . R. B u l l e t i n and San F r a n c i s c o D i s t r i c t final figures appear in a release of the Reserve Ban! 1 / About 200 weekly r e p o r t i n g member h a n k s a r e 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 a s t o I n d u s t r y ; t h e s e b a n k s h o l d a b o u t 95 p e r c e n t of t o t a l commercial and i n d u s t r i a l l o a n s of a l l weekly r e p o r t i n g member banks and about 70 p e r c e n t of t h o s e of a l l commercial b a n k s .
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