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FEDERAL OfGOW- & statistical Hill & • fl4L Rt^. RESERVE release For immediate r e l e a s e J u l y 5, 1962 H .12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and i n d u s t r i a l loans i n c r e a s e d a n e t of $26 r e p o r t i n g member banks d u r i n g t h e week ended June 2J. m i l l i o n a t weekly The p r i n c i p a l n e t i n c r e a s e s were $51 m i l l i o n i n loans t o manufacturers of food, l i q u o r , and tobacco p r o d u c t s , $15 m i l l i o n t o manufactures of " o t h e r " f a b r i c a t e d m e t a l p r o d u c t s , and $11 m i l l i o n t o t h e wholesale t r a d e . The l a r g e r o f f s e t t i n g n e t decreases were $32 m i l l i o n i n loans t o manufacturers of chemicals and rubber p r o d u c t s , and $14 m i l l i o n each t o commodity d e a l e r s and the r e t a i l trade. Changes i n loans d u r i n g t h e week and s i n c e y e a r - e n d a r e shown below; 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 . Business of Borrower Cumulative since year-end Week Dec. 27, 1961 Dec. 28, I960 ended . to . t o June 27 W June 27, I962B/June 28, 1961 ( I n m i l l i o n s of d o l l a r s ) Durable goods manufacturing: 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 durable goods + 6 - 3 + 4 +15 2 -131) + 89) + 94) +129) +127 Nondurable goods m a n u f a c t u r i n g : Food, l i q u o r , and tobacco 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 rubber Other nondurable goods +51 + 3 + 4 -32 + 8 -496 +290 - 66) + 77) +174 l / n.a. +179 1/+249 - 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 Net change in 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 - net Net change i n commercial and i n d u s t r i a l loans - 14 1/-100 l / n.a. -498 +177 1/+ 81 + 11 -239 + 36) + 62) -325 -175 - 5 - 6 -515 +179 -330 + 53 + 3 +206 +4o6 + 26 +193 +241 -463 + 76 + 26 +434 -387 - 14 p/ Preliminary. n . a . - Not a v a i l a b l e . 1 / Because of r e c l a s s i f i c a t i o n s as 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 other durable and o t h e r nondurable a r e from September 20, 1961. 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, JUNE 27, 1962 A l l DisNew Phila- Cleve- RichSt. Minne- Kansas San Fran Business of Borrower t r i c t s p / Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco 2 / (In millions of dollars) Durable goods manufacturing: Primary metals we* - .7 __ + 4.2 + .4 + 5.9 + .2 + 2.1 + .2 -..1 - .4 Machinery - 2.6 + .3 - .4 - .6 +2.9 - .1 - 2.0 1 . 1 .5 + .3 - 1.4 + T r a n s p o r t a t i o n equipment + 4.2 + 1 - 3 - + .5 + .2 + 1.0 + .2 «5 - .7 + .2 + 1.3 - .3 Other f a b r i c a t e d metal products +14.7 +.14.0 - - .4 + .1 + .5 + .5 -1.4 - .9 — .2 + .9 + 1.6 Other durable goods - 1.6 + 2.7 + .8 - 2.3 -3-0 + .3 - *1 - 1 . 1 + .5 - .5 - .1 + -7 - .9 —— mm mm Nondurable goods manufacturing: Food, l i q u o r , and tobacco T e x t i l e s , apparel, and l e a t h e r Petroleum r e f i n i n g Chemicals and rubber Other nondurable goods +51.1 + 3.3 + 4.3 -31.7 + 7-5 Mining, including crude petroleum and n a t u r a l gas - 1.2 + .3 +41.3 + .2 + 6.0 -23.0 + 6.0 +1.0 +1.2 - .5 - .3 + .4 + .4 - .3 + .4 -3.7 - .1 - 5.1 — .1 -8.6 - .2 +2.6 Commodity d e a l e r s Other wholesale Retail -13.6 +11.4 -13.8 + 6.4 - 3.1 + 4.8 -14.1 + 9.0 - 7.1 - .3 - .5 -1.0 Transportation, communication, and other p u b l i c u t i l i t i e s - 4.7 + 3.8 + 7.5 +2.5 Construction - 5 *6 + .1 - 6.2 All o t h e r types of business, mainly s e r v i c e s + 2.9 + 1.5 Net change i n c l a s s i f i e d l o a n s ! / +25.9 U n c l a s s i f i e d changes - net + Net change i n commercial and i n d u s t r i a l loans +26.0 Trade: .1 + .6 +2.9 —1.8 + .2 + .4 . + .2 + -3 - 2.1 + 1.9 + *4 -1.9 +1.5 + .2 - .4 - 3.3 + .2 - .4 + .9 +4.1 + - .1 . - 1 . 0 +1.4 - .2 -2.1 -1.5 +4.7 -1.5 + .1 *3 + 4.3 + 2.3 -6.7 - .9 -1.6 -2.0 -2.4 - .1 +1.8 +3.5 - .9 -2.3 +1.4 —1.0 + .3 + .4 - 5.7 -3.0 +1.7 - .8 -14.9 — .2 + .1 + .5 -1.6 - -3 + el + .9 + -9 + .4 - 2.5 .8 + 5.7 —2.8 - .4 +1.7 +14.6 +37.7, - .9 + .4 -1.2 - .6 - 3.7 - .1 - ,4 +3.2 +14.0 +34.0 -1.0 + 1-5 - - — -2.0 + -9 — +2.0 —— +2.9 +1*3 - .8 +1.3 - .3 + .3 +2.0 + — .2 + — .2 -1.1 + .7 .1 »3 .9 ~ .1 - .7 - 1.2 + .6 . — .1 #2 - »3 +1.1 + .9 - .7 +1.1 - .2 - .6 + .7 - ?.l +1.0 -13.8 -5.6 -6.7 +5.2 +3-9 - 8.7 -1.0 + 3*8 - .4 + .7 +2.8 + .1 - 4.3 -10.0 -6.0 -6.0 +8.0 +4.0 -13.0 - 1 / About 200 weekly r e p o r t i n g member banks are r e p o r t i n g changes in t h e i r l a r g e r loans as t o i n d u s t r y ; these banks hold about 95 per cent and i n d u s t r i a l loans of a l l weekly r e p o r t i n g member banks and about JO per cent of those of a l l commercial "banks. of t o t a l commercial
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