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FEDERAL

O? GOW.

RESERVE

release
•f<4LRtS^

For Immediate release
July 25, 1962
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

H.12

Commercial and industrial loans decreased in all but two districts and
a net of $197 million at weekly reporting member banks during the week ended
July 18.
The principal net decreases were $86 million in loans to manufacturers
of transportation equipment, $3V million to manufacturers of chemicals and rubber
products, $24 million to manufacturers of machinery, and $23 million to petroleum
refiners.
The largest offsetting net increase was $29 million in loans to "all
other" types of business concerns.
Changes in loans during the week and since year-end are shown below;
third column shows the changes during the comparable period last year.
Cumulative since year-end
Week
Dec. 27, 1961 Dec. atJ, I960
ended
.
to
.
to
July 18 W
July 18, 1962B/July 19, 1961
(In millions of dollars)

Business of Borrower
Durable goods manufacturing:
Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods

14
24

86

-179)
+ 47)
- 48)

1/-294

+122)
+223

l/ n.a.

+

6

-

Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

5

5

-532
+309

+179

8

- 23

- 80)

-566

i/t 12

- 34
- 18

+ 1)
+l4l

l/ n.a.

Mining, including crude petroleum
and natural gas

-

1

+175

1/+246

Trade:

- 10

-253
+ 44
+ 44

-303

Commodity dealers
Other wholesale
Retail

+
-

Transportation, communication, and
other public utilities
Construction
All other types of business,
mainly services

g/ PrftHwiinfl-ry."

-177

-

1

-

6

-490
+180

+ 68

+ 29

+215

+427

-196

- 80

-

1

+24l

-824
+ 48

-197

Net change in classified loans
Unclassified changes - net
Net change in commercial and
industrial loans

7
3

+l6l

-776

-415

n.a. - Not available.

l/ Because of reclassifications as of September 27, 1961, many categories are not
strictly comparable with prior data.




1.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JULY 18, 1962
San FranSt.
Minne- Kansas
Phila- Cleve- RichNew
All DisBoston York delphia land
Business of Borrower
mond Atlanta Chicago Louis apolis City Dallas cisco 2/
tricts 2/
(In millions of dollars)
Durable goods manufacturing:
+ *2
+ .1
- *2
- .2
-- 1.1
-1.0
-- 14.0 + .1
- 10.9 - *3
- -7
Primary metals
—
+ 1.9
- .8
- 1.0 - -7
+ .7
- 2-9
- 24.1 -1.1
- .7
— ^9
- 17.3 - .9
Machinery
— #2
- a
- *2
• 86 ;2 - .8
»
- *1
-10.2
- .1
-10.7 + .1
- 3.1
Transportation equipment
- 53-3 -7.5
+ .1 - .7 + .2
- 1.6
+1.1
- ,1
- *2
4;6
•9
- .7
Other fabricated metal products
.9 - .9
+ 2.8
— *2
- 4.0
-1.8
- .1
- 1.0
-+ -7
- 8.1 - .5
- "3
Other durable goods
- 3-5 — *2
"""""

Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

+ 5-9
- 4.5
- 22.7
- 33-8
- 18.0

Mining, including crude petroleum
and natural gas

—

l«4

-

12.5 +1.6
12.1 + .4
20.6 + .1
23.2 + .6
19.1 - «4

-

+1.3
+ .2
w
—
- .8
+1.2

3-3 + el

+ 1.0

-2.0
+ .3

+ .2

+ 6.8 + .1
+ .7 -1.6
+ 1.2

—1.6

- 2.8
+ 4.4

-1.5

+

.7

- -

~ »7

- .6
- .2

- -

— •s

+

-1.1
- -

- .1
- .8

el

+16.4
- .2
- .5
- 4.7
.6

* .2

- »3

4- ,4

- 1.5

+2.6

- .6

+ 2.0

- .2
+ .8

- .3
-2.0

- .2
+ .2

+ 3 "6
- *2
f
+ 2.6

+ .8

- 3.3

+ .1

- *6

-1.1

- .8

+ 1.0

+1.6

-1.5'

-

*9

-1.5

+1.4

-

.8

+1.7

+ .9

+ 3.8

-2.3

-1 *1

- .2

- .3

-

.8

-2.4

+ 3.3" -1.6

-3.7

-12.6

-1.0

~3 *8

-1.8

-2.6

+14.1

.9

-2,6

- 1*3

-2.4

+2.7

+10.6

-2 *0

- .2

- .2

- .4

— 4.1

-176.0

-5.0

+ 2.0

—4 .0

-1.0

- 2.0

-3.0

-4.0

—2.0

-3.0

+10.0

+2.6

-

5 »6 + .5

+ 4.4

+ .7

Construction

-

6.2

—4 0 4

-

2.3

+1.9

.7

All other types of business,
mainly services

+ 29.2

+ .7

+ 23.6

+1.3

+ 1.9

Net change in classified loansl/

-195.8

-6.8

-176.9

Unclassified changes - net

-

1.2

—2.2

+

Net change in commercial and
industrial loans

-197 .0

-9.0

Transportation,, communication, and
other public utilities

+1.6

-1.5

1.3

-

.6
-1.8
+ 1.1

-1.1
+ *1

+1.7
"" * 2
i
- .k

-

7.4

+ .7
+ .9
- .6

+ 1.8

-1.2

3.4

- 10.0
+

-9

+ 1.0

-- 1.1
- .2

- 16.0
+ 4.7
— 4.6

Commodity dealers
Other wholesale
Retail

+

+ 1.3

2.0

-3.9
- .8
— .6

Trade:

- .9

+1.9
+ .2
-+ .6

+

+1.6

+ *3
- .6

.8

H
h

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Banl
l/ 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.