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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 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 14 24 86 -179) + 47) - 48) 1/-294 5 +122) +223 l/ n.a. + 6 - 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 Net change in classified loans Unclassified changes - net Net change in commercial and industrial loans g/ PrftHwiinfl-ry." 7 3 -177 - 1 - 6 -490 +180 + 68 + 29 +215 +427 -196 - 80 - 1 +24l -824 + 48 -197 +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 DisDallas Atlanta Chicago Boston Business of Borrower City apolis cisco 2/ Louis land mond York delphia tricts 2/ millions of dollars) (In 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 — +1.3 + .2 w — - .8 +1.2 l«4 - 12.5 +1.6 12.1 + .4 20.6 + .1 23.2 + .6 19.1 - «4 - 3-3 + el + 1.0 -2.0 + .3 + .2 + 1.8 + 6.8 + .1 + .7 -1.6 + 1.2 —1.6 - 2.8 + 4.4 -1.5 -1.2 ~ »7 + .7 - - - .6 - .2 - - + -1.1 - - - .1 - .8 el +16.4 - .2 - .5 - 4.7 .6 * .2 - »3 4- ,4 - 1.5 +2.6 - .6 + 2.0 - .3 -2.0 - .2 + .2 + 3 "6 -f *2 + 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 — •s +1.6 - .2 + .8 1.3 - -1.1 + *1 -1.5 - 7.4 .6 -1.8 + 1.1 + .7 + .9 - .6 +1.7 "i" * 2 - .k 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 Hh 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.
@FedFRASER