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FEDERAL
statistical

RESERVE

release
For immediate release
March 7, 1962

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

H.12

Commercial and industrial loans increased in most districts and a net of
$23 million at weekly reporting member "banks during the week ended February 28.
The principal net increases were $24 million in loans to the wholesale
and retail trade, $21 million to "all other" types of business concerns, $17 million to manufacturers of textiles, apparel, and leather products, and $13 million
to manufacturers of chemicals and rubber products.
The larger offsetting net' increases were $20 million in loans to manufacturers of food, liquor, and tobacco products, $15 million to transportation,
communication, and other public utilities, and $14 million to petroleum refiners.
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. 27, 1961
Dec. 28, i960
ended .
to
,
to
Feb.28 2/
Feb .28, 1962 2/ Mar. 1, 1961
(in millions of dollars)
- 6

37)

-10
+ 1

24)
9)

22)

1/- 49

+10

28

1/ n o9»«

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

-20
+17
-14
+13
+ 4

-280
+143
- 52)
- 51)
- 22

-238
+io4

1/+ 49

Mining, including crude petroleum
and natural gas

-12

+211

1/-

+ l
+14
+10

- 2.6
- 71
- 85

+ 25

-378
- 21

-223
- 43

+ 11

+100

+18

-676

+ 5

- 45

-517
2/-108

+ 23

-721

2/-625

Trade:

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

+12

+21

1/ BoBo
6

-237

g/ Preliminary7
n.a. - Not available.
l/ 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/ Includes decrease of $
million resulting from corrections of misclassifications
disclosed Incident to the revisions as of September 27, 1961.
2/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of nonreporting banks with reporting banks.



H.12(a)

CHARGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, February 28, 1962
All DisNew
Phila- Cleve- RichSt.
Minne- Kansas
San FranBusiness of Borrower
tricts $/ Boston York delphia land
mond Atlanta Chicago Louis apolis City Dallas cisco 2/
(In millions of dollars)
Durable goods manufacturing:
—
+ #1
Primary metals
- .1 + 1.01 + .1
+ .7
+ -3
- 6.3
-1.9
- 5.5
- -9
- *3 + .2
+ 4.0
-l.k
- .4 + 1-3 - .2 • -5 + 4.1
+ 1.2
+ 1 . 2 + .6
+11.8
- .2
+1.1
Machinery
-— + .2 + .5
+ .1
—
+ .1
Transportation equipment
+2.0
+ .2
-1.8
- .1
- 9-8
-1.5
- 9-5
- .6
+ 1.1
+ .8
Other fabricated metal products
+ .2 + 5.7
+ .4 + -3 -1.8 + .2
,
— 4.2
- .1
— .2
+ .4
+10.1
- 1.0
+ .1
Other durable goods
+ .7 - .2 - -5 +10.4
+ .2 - .2
-1.0
+1-3
- .1
Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

-20.2
+17-1
-14.3
+13-1
+ 3-7

-2.2
+3-0

Mining, including crude petroleum
and natural gas
Trade:

+

- .7
+ .7
- .7

-1.3
+1.4

+ .2
+ .9

- 1.4
+11.5
- 2.0
+ 9*6
+ .3

+ .5

.3

-12.4

+ .1

- 9.0

+ .8

—

+12.6

- .5
+ .7

- 4.5
- 1.8

- 1.8

.5

-2.3
+1.3
+ .1
+ .2
+ .4

- -

- .6

-

+2.5

+ .2
- .5
+1.9

- 3-2
- 2.4
+ 5.0

+ .2
— .2
-1.6

+ .8
+ 3-8
+ 3-6

- 8.4
+ 1.8
- .4

- .1

- -

+1.5

»X

— -

- 4.0

+

+ 1.5

-10.7
+ 5-1
+ 1.6
.4

- 3-5
- .8
+ .2
+ .1

--

-

— 1.4
+

.1

— .4
+ .2

-2.1
- .1
- — — -1.2
.2 + .9
!
-2.3
+ .2
1
•3 —2.2
- -

+1.4
+ .2

—•
»

+1.7
+2.1

+ .3

-3.1

- -3

-1.1
:
+ .2 +1.8
+ 3-5 +2.1

- .2
+ .4
+1.3

- -3
+4.1
- .8

- .4

+1-7

+1.4

.7 +1.2

+1.0

-2.4

—

Commodity dealers
Other wholesale
Retail

-5

+ .4

+ 9-5

+2.0

+ 3.8
- 9.6

Transportation, communication, and
other public utilities

-15.2

-3-6

- 7-3

- .3

- 3-6 + 2.9

-1.7

- 3.6

-

-7

Construction

- 5.7

+ .1

- 2.7

— *2

— 1.0

- 4.7

+2.2

+

.2

-

.1

All other types of business,
mainly services

+21.0

+2.7

- 5.1

+ .9

+ 7.2

+ 4.0

+1.3

+ 4.6

-

.3

i
• 3 + .9

+4.7

+ .4

Net change in classified loansl/

+17.6

+2.1

-15-5.

+3.8

+ 7.7

-8.6

+23.5

-10.9

+ 5.3, +2.1

+ .8

+7-3

Unclassified changes - net

+ 5.4

- .1

+ 2.5

+ .2

+ 2.3

- 5.4

+

+

.9

+ 4.7

+ .9

- .8

- -3

Net change in commercial and
industrial loans

+23.0

+2.0

-13.O

+4.0

+10.0

-l4.0

-10.0

+10.0

+3.0

+13.6

+ .1

- -

.5

+24.0

—

+

+7.0

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 JO per cent of those of
commercial banks.