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FEDERAL statistical RESERVE release For immediate release July 2k, 1963 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans decreased a net of $30 million at weeklyreporting member banks during the week ended July 17• » The principal net decreases were $22 million in loans to commodity dealers, $19 million each to the wholesale trade and to transportation, communication, and other public utilities, and $l4 million to manufacturers of "other" durable goods. • The larger offsetting net increases were $21 million in loans to the retail trade and $10 million to the construction industry. ' Changes in loans during the week and since year-end are shown below; third column shows the changes during the comparable period last year. Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment 0th6r 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 year-end Week Dec. 26, 1962 Dec. 27, 1961 ended . to . to July 17 2/ July 17,1963 £/ July 18, 1962 (in millions of dollars) -11 - i+o +i4o -159 - 9 -14 + 64 + 7 + 8 + 60 -179 + 46 - 51 +121 +222 4 -532 +309 - 80 + 7 +115 +131 Mining, including crude petroleum and natural gas + 9 +249 +175 Trade: -22 -242 -250 + 43 Commodity dealers Other wholesale Retail + 9 + 5 + 7 - 2 -64o +338 + + 1 -19 +21 + 8 + 36 + 46 -19 +10 -402 +142 -492 +176 - 6 +168 +214 Net change in classified loans Unclassified changes - net -19 -11 -160 +255 +218 Net change in commercial and industrial loans -30 + 95 +118 Transportation, communication, and other public utilities Construction All other types of business, mainly services g/ Preliminary. -100 CHANGE m CCMMBRCIAL AND INDUSTRIAL LOAMS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JULY 17, 19&3 San FranMinne- Kansas St. Phila- Cleve- RichNew All DisDallas Chicago Atlanta Boston. cisco P/ Business of Borrower Louis apolis City mond York delphia land tricts!/ (In millions of dollars) Durable goods manufacturing: .6 - .2 — + .2 +2.3 + 1-3 + 6.8 +2.7 + l.l Primary metals .4 + .1 + .4 3-3 .2 +2.5 - .7 + 2.6 +1.1 + J.6 + 8.2 -1-5 Machinery -3.0 - .8 - .1 - .1 - .3 - 2.9 + .5 + .1 .4 3-4 -11.1 .7 Transportation equipment —1.0 - 7-2 + -3 + 2.6 + •7 - .6 —1.0 — .1 - .4 - .3 + -3 - 2.5 - 9-2 Other fabricated metal products - .6 -2.1 +1.1 + .5 - -3 -1.8 - 2.7 - .2 - 1.9 1-7 -13-5 - *7 - 3.1 Other durable goods H.12(a) — mm — — «•» «— — — — Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + 8.9 -1-5 + 6.1 7.4 2.0 1.2 2.1 - .9 - .7 + 1.2 + 1.4 + .4 __ -1.6 - .1 - .2 -1.1 + -5 - .3 - -5 - .6 5-4 6.5 1.9 6.7 +2.6 + + + + + 9.4 + .1 +10.9 -22.0 -18.9 +20.5 -1.1 - .2 +4.0 -20.4 -14.9 +10.6 - -9 • -3 - .6 - 3.2 + 6.4 + .1 -3.1 +1.6 +1.2 +4.5 Transportation, communication, and other public utilities -19.4 + .2 -14.2 -2.7 - 4.9 + 5.0 +3.0 Construction + - .4 + 1.6 + .4 + 1.2 + 2.2 All other types of business, mainly services - 5-5 +1.1 -13.7 + .9 + 4-7 Net change in classified loansl/ -19.2 + '•3 -26.3 -4.8 Unclassified changes - net -10.8 +4.7 - 1-7 Net change in commercial and industrial loans -30.0 +5-0 -28.0 Mining, including crude petroleum and natural gas Trade: Commodity dealers Other wholesale Retail + + + 9-9 -2.9 - .4 - -3 • + .1 + .9 •5 - — - 1.1 + 2.3 — •9 -1.5 +2-3 +2 • 6 — .1 - .1 — +2.2 +3.2 - -5 +2.0 + .1 - -3 + + .4 + .8 + .5 - .2 + -7 — 1.5 .2 •9 •9 - .1 + .4 + .1 + .1 - .6 -1.2 + .8 + .6 + -3 -1.4 .4 + .6 + -9 +1-7 +1.0 + + .8 -1.7 -1.4 -6.6 + .3 -2.9 + -8 +1-4 + 1.2 + .4 +3.0 - .1 - -4 +2.1 +2.5 - 2.6 + 4.0 +1.6 -5.2 - .5 + .4 - .8 -5.1 + 7-1 + 8.1 +11.0 -2.2 + .5 +3.8 + .9 +8.2 -6.2 -12.5 -1.2 + 6.9 — 6.0 - .8 -1.5 -1.8 + .1 -3.2 +1.2 - 7.5 —6.0 +15.0 + 5.0 -3-0 -1.0 +2.0 +1.0 +5.0 -5-0 -20.0 + -2.8 + .2 .1 + 4.4 - 5.2 - .6 + .8 - -7 +1.9 +1.9 - 2.3 - 2.6 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 70 per cent of those of all commercial banks.
@FedFRASER