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FEDERAL
statistical

RESERVE

release
For immediate release
March l4, 1$62

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

H.12

Total commercial and. industrial loans at weekly reporting member banks
showed a nominal decrease of $1 million during the week ended March 7*
The principal net decreases were $31 million in loans to manufacturers
of food, liquor, and tobacco products, $29 million to commodity dealers, $l4 million to transportation, communication, and other public utilities, and $13 million to
petroleum refiners.
The larger offsetting net increases were $30 million each in loans to manufacturers of transportation equipment, and to manufacturers of textiles, apparel,
and leather products, $16 million to "all other" types of business concerns, $15
million to manufacturers of "other" durable goods.
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. 28, i960
ended .
to
. t o
1
Business of Borrower
Mar. 7 2/
Mar.7. 1962 2/ Mar. 8, 1961
(In millions of dollars)
Durable goods manufacturing:
- 1
Primary metals
3 8j
+ 26
+ 3
Machinery
l/- 37
+30
Transportation equipment
3
+ 8
Other fabricated metal products
l/ n.a.
+15
Other durable goods

i

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

-31
+30
-13
- 7
+ 1

-309
+173

- 21

l/ n.a.

Mining, including crude petroleum
and natural gas

+ 3

+214

1/+ 6

Trade:

-29

- 57

-10

- 63]
- 93)

+ 32
-227

-14
+ 2

-388
- 17

-247
-'48

+l6

+ 28

+n4

+ 9

-660

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

+ 7

- 65)
- 58)

-288
: +124
i/+

-530

-10

- 57

2/-125

- 1

-717

2/-655

|>j Preliminary.
n.a. - Not available.
1/ Because of reclassifications as of September 27, 1961, many categories are not
strictly comparable with prior data; cumulative changes shown for other durable
and other nondurable are from September 20, 1961.
2/ Revised to eliminate adjustments in series since July 8, 1959# for mergers of nonreporting banks with reporting banks.
j}/ Includes decrease of $135 million resulting from corrections of misclassifications
disclosed incident to the revisions as of September 27, 1961.



In addition to the weekly table, a monthly table appears below showing
changes during Februarys 1962 compared with the preceding month and with February
1961, and also showing changes during the past twelve months.
Most industrial classifications showed net increases in loans diiring
February with the result that total commercial and industrial loans increased
*

$212 million during the month in contrast to a decrease of $928 million during
January.
The increase in loans to manufacturers of textiles, apparel, and leather

• products was the largest monthly increase in this business category since February
>

i960.

Business of Borrower

12 month#
4 weeks
5 weeks
ended
ended
ended
Feb. 28,1962 Jan.31,1962 Feb. 22,1961 Feb. 28,1962
(In millions of dollars)
4 weeks
ended

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

- 98.1
+122.1
- 25.5
+ 21.9
+ 18.3

Mining, Including crude petroleum
and natural gas

12.4
72.6
28.0
4o.6
9*8

-

24.5)
49.9)
55.2)
31.0)
37-8

1/+126.0

1/-397.2

l/ n , e u

l/-l4o.6

-180.4
+ 21.6
- 26.2)
- 72.6)
- 4o.i

- 12.1
+115.5
l/- 36.4

+ 10.8
- 7.1
1/-197.3

l/ n.a.

1/- 94.5

- 12.9

+223.8

l/+ 42.1

1/+896.2

Commodity dealers
Other wholesale
Retail

- 12.5
+ 11.0
+ 55-0

- 15.2
- 81.0
-137.6

+ 41.8
- 16.4

+ 90.6
(+189.9
(- 74.0

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

-109.0
+ 4.2

-265.1
- 22.9

-119.4
- 12.3

-272.9
+117.6

+ 47.5

- 35.7

+

5.3

+792.9

Net change in classified loansl/

+160.6

-829.8

+134.1

+914.4

Unclassified changes - net

+ 51.4

- 98.2

2/- 32.1

§^/-l87.4

Net change in commercial and
industrial loans

+212.0

-928.0

2/+102.0

2/+727.0

Trade:

1/ Bee footnote on following table regarding current coverage and footnotes on front
page regarding comparability with,prio^ figures.




H.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MARCH 7, 1962
All DisNew
Fhila- ,Cleve- RichSt.
Business of Borrower
tricts p/ Boston York delphia land
mond Atlanta Chicago Louis
(In millions of dollars)
Durable goods manufacturing:
Primary metals
- .6 - .1 - 1 . 1
2.0
+ .9 + 1.3
+ .4
+ .4 + 5-4
+ .6
Machinery
- - .2 - 7.3
3-1
+ .3
+ 30.3
+ .8 +13.5
Transportation equipment
4" .8 + 3-8
- .2 + .2
+ «3
+ 7.6
+ 2.6
Other fabricated m^tal products
+ -9 + 2.9
-1.7
- *3 - .7 + .7
Other durable goods
+ 2.0
+ 1.4 - -5
+ *5 + 7 . 1
14.5
+1.7
+1.3
- .1
«"»—

-

— —

-

+

BANKS
Minne- Kansas
San Franapolis City Dallas cisco 2/

—«—

+ .9

- -

— —

+

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 gas

+

-

+

+

Commodity dealers
Other wholesale
Retail

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

+
-

-

+

. +

+ .4
+1.6
+ .2
+ .1
+ .6

— —

+ •9
+10.9
+ 1.8
°5
-

+ 2.2 -1.5
+ .7 +2.7
- 1-3
+ 1«0 + .
5
+ .3 - .6

-1.0
+3.4
- *3
-1.7
+ .2

9.7
+ 1.0
4.6
.4
+ 2.3

-1.9
- -7
- -5
+ .4
+ .7

— el -1.6
+ -3 + .4
- .2 - .1
+1.0
- .1 + .2

+ .1
- .7
-3-2

+ .1

+ .6

+

.1

+ -3

+ -9

-1.3

-1.2

- .1
+1.3
- .7

- 2.2 -1.5
+ .7 + .4
+ 4.8 + -5

—2.1
+1.7
-1.7

-

-10.8
3.2
- 3-2

-7.5
+ .7

-1.9
- -9
+ .2

- .4
- .8
- .6

-5-4
+2.0
+ .6

1.2
•9
+ .4

- 7.6

- .1

+ 1.3

-3-0

-1.8

2.2

+ .1

+1-3

—

- .7

-

+1-3

- 1.8

- .2 +

.1 +1.9

-1.1

1.6

- .2

16.4

-1.3

-21.0

+1.0

+12.2

- .7

+2.8

8.0

+1-5

30.7
29.6
13.2
7.2
•9

+1.3 -13.3
— ° 2 +22.1
2
- .1 - 3.2
+ -9 - -7
+ .6 - 2.3

+ .8

2-7

- =3 + 3-0

+ .5

29.3
7-0
10.1

+ -3 + 3.5
+2.2 + 3-8
- -9 - 9.5

13-5

- .2

1.6

•j

Trade:

4 .2
•
+ .4

— —

+ .1
— •1
+1.1
+ .6

- .7
- °3
— —
— —

— —

— —

—

-

-

+

+

- -

— —

— —

4.4
4- 2 . 1
2.2
5.0
1.2
-

-

-

-

- -

-

.6

- 1.7

+ .8

4-

+2.1

+ .4

+6.3

4- 5.1

- -

•9

Net change in classified loansl/

+

9.1

+3-5

-11.9

+4.0

+22.6

-1.0

+1.5

- 9.3

-8.3

+3-2

-2.8

+1-5

4- 6 . 1

Unclassified changes - net

- 10.1

-1.5

+

.9

+1.0

- 5-6 +4.0

- .5

+ 1.3

- -7

-3.2

+1.8

+1.5

-

Net change in commercial and
industrial loans

-

+2.0

-11.0

+5.0

+17.0 +3.0

+1.0

- 8.0

-9.0

-1.0

+3.0

1.0

- -

-

9-1
3.0

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
1/ 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 70 per cent of those of all commercial banks.