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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
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 .
of



Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102