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FEDERAL RESERVE release f*u t&if. For immediate release July 3, CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY 11.12 Commercial and industrial loans increased in eight districts and a net of $110 million at weekly reporting member banks during the week ended June 26. The principal net increases were $29 million in loans to transportation, communication, and other public utilities, $20 million each to manufacturers of .transportation equipment, to manufacturers of food, liquor, and tobacco products, and to the retail trade, and $35 million to unclassified borrowers. The larger offsetting net decreases were $32 million in loans to the mining industry, which includes producers of petroleum and natural gas, $13 million to commodity dealers, and $11 million to manufacturers of chemicals and rubber products. 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. 26, 1962 Dec. 27, 1961 ended . to , to June 26 £/ June 26,1963 June 27. 1962 Business of Borrower (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods - 1 + 8 + 20 - 2 + 6 - 38 +150 - 94 + 58 + 86 -131 + 89 + 96 +126 +128 + 20 + 10 + 3 1 -594 +288 + 7 + 65 + 92 -497 +289 - 67 + 76 +174 Mining, including crude petroleum and natural gas - 32 +237 +178 Commodity dealers Other wholesale Retail - 13 + 9 + 20 -264 + 23 + 63 -237 + 34 + 61 + 29 + 10 -255 +132 -510 +182 - 1 +209 +205 Net change in classified loans Unclassified changes - net + 75 + 35 +168 +265 +196 +238 Net change in commercial and industrial loans +110 +433 +434 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods „ Trade: Transportation, communication, and other public utilities Construction All other types of business, mainly services p/ Preliminary. - 11 - H.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, J i i 26, 19$3 liS San Fran, St. |Minae- Kansas Clove-| Rich-| PhilaNew All Disr.lanta Chicago L o u l s jspoils City Dallas cisco p/ Boston York delphia land. I mond Business of Borrower tricts!/ (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods - 1.8 .6 4 7 •7 4 20 .0 l .6 + 5 •9 A +2 ,1 + + .8 +19.0 + 4.0 + 5-1 + 20-3 + 9-8 + 3-1 + .6 +20.5 1.2 -2.2 + .7 + 3.2 + . -7 + 1.9 - 31-6 + .2 Commodity dealers Other wholesale Retail - 12.7 + 8.5 + 20.4 Transportation, communication, and other public utilities Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods — - 2.5 + .1 -1.0 + -3 + .1 + •5 + .1 .1 .4 - • J - .2 .4 4 - y + q.o .4 1-3 — - - -5 - 1 - - - .b + .2 — .Q - .1 +3-4 0 1 + .1 -2. k -rl • 3 - .2 - - ~ + 4 - •5 .1 .6 .5 + .1 + 2, .0 + 2, .1 .8 .2 - .0 + - + 4 - •3 •9 1-7 .2 .1 - .2 +1.4 + .1 -1 • 1 -2.1 +1.2 - .1 - .1 - -5 - .3 - -9 + .2 - .8 -1.0 - .1 - .2 + .9 +1-3 + .1 + .7 - 2.1 .1 - 4.5 - 2.1 -13-6 -7-1 + .1 - .2 + -5 - 1.6 -3-4 - .7 + .8 - 5-4 + 6.1 .8 + .6 - .8 + .4 -1.0 +4.6 4 .1 - +3-2 +2.0 +1.3 +2.2 +1.4 +2.2 - 2.1 + 3-4 + 5.2 -2.5 - .4 - *7 + 29.2 + -7 +38.0 -2.3 +6.4 +1.2 + .3 -18.2 - ,P Construction + 10.4 + .1 — 1•9 + .2 - -7 +2.8 + .9 + 3-4 All other types of business, mainly services - 1.3 + .7 - 6.1 +4.8 + .6 + .5 +1.4 + 2.9 +1-9 +1-4 Net change in classified loansl/ + 75-2 +4.9 +69'0 -4.6 +8.2 +9-4 +6.7 - 6.7 +3-0 -2.0 - .6 —13 * 9 Unclassified changes - net + 34.8 +3.1 - 4.0 + .6 -3-2 -4.4 + .3 - *3 -2,0 - .2 +3.6 + .9 +40.4 Net change in commercial and industrial loans +110.0 +8.0 +65.0 -4.0 +5.0 +5-0 +7-0 - 7.0 +1-0 -3-0 +3-0 -13-0 +43.0 Mining, including crude petroleum and natural gas Trade: - 11.1 - +4.4 + 2.6 + 2.4: .6 + -7 - .1 -1.0 .1 + 1.0 - 3.6 - .7 .4 .2 •5 .6 + .1 + .2 - 5 .2 - 5.0 - .6 - .3 -1.7 -2.5 + .8 + .9 - 2 .6 + .4 •5 + + +1-7 - 2.9 - + 4.5 + 2.3 + 3-2 9.0 +2.6 p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of Lhe Reserve 1/ About 200 weekly reporting member "banks are reporting changes in their larger loans as to industry; these hanks hold about 95 P61" cent of total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks. * m. f
