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SS pf GOVfc F E D E R A L R E S E R V E statist! ca fllll f^AL RE^ * For Immediate release March 13, 1963 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H .12 Commercial and industrial loans increased in six districts and a net of $53 million at -weekly reporting member tanks during the week ended March 6. The principal net increases vere $8l million in loans to the mining industry, which includes producers of petroleum and natural gas, $24 million to manufacturers of textiles, apparel, and leather products, and $18 million to manufacturers of machinery. The larger offsetting net decreases were $70 million in loans to transportation, communication, and other public utilities and $24 million to manufacturers of food, liquor and tobacco 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. Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods Cumulative since year-end Week Dec. 26, 1962 Dec. 27, 1961 ended . to . to Mar. 6 W Mar. 6, 1963 2/ Mar. 7> 1962 (In millions of dollars) - 5 +18 +11 + 5 + 1 9 46 23 38 26 12 18 14 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods -24 +24 +12 + 8 + 7 -328 +107 - 33 - 7 + 19 -314 +174 Mining, including crude petroleum and natural gas +8l +330 +213 Trade: -17 - 56 +11 - 3 - 85 - 99 Commodity dealers Other wholesale Retail -10 26 8 - 65 - 60 - 21 - 62 - 93 Transportation, communication, and other public utilities Construction All other types of business, mainly services -70 - 5 -350 - 70 -388 - 17 jlJ - 4l + 26 Net change in classified loans Unclassified changes - net +44 + 9 -534 - 15 -663 Net change in commercial and industrial loans +53 -549 -717 p/ Preliminary. - 54 In addition to the weekly table, a monthly table appears below showing changes during February 1963 compared with the preceding month and with February 1962, and also showing changes during the past twelve months. Total commercial and: industrial loans increased $269 million during the month of February 1963, compared with a decrease of $871 million during the month of January 1963 and an increase of $216 million in February 1962. Business of Borrower 12 months 4 weeks 4 weeks 5 weeks ended ended ended ended Feb. 27,1963 Jan. 30.1963 Feb. 28.1962 Feb. 27.1963 (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods .8 + 84.0 + 24.6 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +121.3 - 21.3 Mining, including crude petroleum and natural gas + 32.6 + 35.4 - 3.3 56.1 58.0 12.3 48.9 -205.1 - 38.4 + + + 12.4 72.6 28.0 4o .6 + 9.8 - I72.3 + 112.9 + 137.2 + 45.4 + 124.7 • - 23.6 , + + - 27.8 - 15.7 - 98.1 +122.1 - 25.5 + 21.9 + 18.3 - 13.4 +232.3 ' - 12.9 + 251.7 Trade: Commodity dealers Other wholesale Retail - 4.7 + 32.1 + 59-3 + 18.5 -107.7 + 24.5 -168.6 - 12.5 + 11.0 + 55-0 + 151.6 + 187.9 Transportation, communication, and other public utilities Construction All other types of business, mainly services - 66.8 + 2.2 -182.8 - 67.0 -109.0 + 4.2 + + 269.2 118.6 + 1&.2 - 56:8 + 47:5 + 445:3 Net change in classified loansl/ +244.0 -821.3 +160.6 +1,820.2 Unclassified changes - net + 25.O - 49.7 + 55-4 + +269.O -871.0 +216.0 +2,360.0 ; Net change in commercial and industrial loans - 9&.7 + 12.6 + 27.4 1/ See footnote on following table regarding current coverage. 5.7 49.8 16.6 17.6 + 102.2 539.8 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, MARCH 6, 1963 All DisNew Phila- Cleve- RichSt. MinneBusiness of Borrower tricts EZ Boston York delphia land mond Atlanta Chicago Louis apolis (In millions of do]Liars) Durable goods manufacturing: + .9 - 4.9 - .2 - -9 Primary metals - 5.8 + -3 + 1-3 +18.2 +1.0 + 4.7 + .6 + .2 - .1 + .4 +11.6 Machinery - .5 +1.0 +10.5 - .6 + 5.5 + .1 + .3 + .1 - .1 + 5-3 Transportation equipment - .2 + 5.4 • *2 -1.7 +2.2 + .2 + .4 Other fabricated metal products 4.2 - .5 + 8.2 - -3 + .1 + 1.3 - 4.1 + .8 + .7 +1.3 Other durable goods +1.0 + .3 + 3.4 - .1 — — — — Kansas San FranCity Dallas cisco 2/ — — + .7 — — Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Mining, including crude petroleum and natural g&s Trade: Commodity dealers Other wholesale Retail -24.3 +11.9 + 8.0 + 7.2 + 5.1 +13.8 - 8;5 + 3.0 + 1.6 + .6 - .5 +1.5 -2.0 481.1 f .6 +57.6 . - .1 +2.3 -16.9 - 9.7 +10.5 +2.0 + .4 -12.7 + .1 + .8 - .7 + .3 +5.7 - .1 -11.8 - 1.3 -2.3 — *2 - .5 Transportation,, communication, and other public utilities -70.3 -1.3 -53.3 -1.5 Construction - 5.3 + .1 -10.9 + .1 - 2.8 +1*3 + 9.0 +1.7 Net change in classified loansl/ + 43.5 +7.0 + .1 Unclassified changes - net + 9.5 -1.0 Net change in commercial and industrial loans + 53.0 +6.0 All other types of business, mainly services - .8 + .9 -3.1 +2.1 - .1 + .8 +3.4 +23,6 — — —• .8 + .2 +4.2 -+1.3 - .1 - - " -2.4 - .3 + -9 +1.4 +1.7 + .1 + .1 - .2 -14.0 + 1-3 +22.6 + #6 + 2.5 - .6 +21.4 -1.2 +1.7 +3.1 - 3.1 - 8.1 .3 -1.9 -1.4 •- .1 - .1 + .6 — — -6.4 + .9 +2.3 +1.5 - *3 -4.7 -3.0 + .4 . - .3 * — — + + *2 .1 .1 — — — - 3.5 + .2 — — - .3 - 1.5 — «• • «2 —1.8 + 2.3 +1.1 -1.8 + .3 +1.2 — .1 + .9 .3 +1.4 — .1 + .1 -1.2 + .7 + .3 -1.0 -1.0 •» «• - .9 +1.5 -2.9 + .7 +3.9 - *9 + 3-2 - .5 - + 7.7 + .1 + 4.5 ~ ' - 2.1 -1<0 +1.8 - 7.9 - .2 - .5 +4.4 + 2.2 + .9 - .2 + .3 - 2.0 + -3.6 -1.0 -7.2 + 6.0 + .6 - .4 - .2 - 7.4 -1.6 -2.5 -1.0 +2.3 +8.2 +40.6 -3.2 -6.3 +1.9 -11.9 + 8.3 - 1.1 -1.5 +3.0 -2.3 - .2 + 7.4 - \Q +1.3 + .1 - .1 + 4.7 - 1.0 -4.0 +2.0 — +6.0 +48.0 -4.0 -5.0 +2.0 -12.0 +13.0 -3.9. — — — — .4 .3 - p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 per cent Digitized1/ for FRASER of total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of a1 i commercial banks.
@FedFRASER