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OfGOW Hill F E D E R A L statistical R E S E R V E release f*AL RES^ For Immediate release May 15, 1963 H.12 CHANGES IN COMMERCIAL AM? INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans decreased in eight districts and a net of $152 million at weekly reporting member banks during the week ended May 8. The principal net decreases were $69 million in loans to manufacturers of food; liquor, and tobacco products, $35 million to commodity dealers, $31 million to transportation, communication, and other public utilities, and $24 million each to manufacturers of machinery and to the retail trade. The largest offsetting net increase was $25 million in loans to manufacturers of textiles, apparel, and leather 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 Week ended May 8 £/ Cumulative since year-end Dec. 26, 1962 Dec. 27, 1961 to May 8, 1963 2/ May 9. 1962 (In millions of dollars) Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods + 6 - 24 - 15 + 8 + 6 - 43 +115 -113 + 47 + 64 -136 + 70 + 59 +76 +49 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods - 69 + 25 - 5 - 7 + 5 -559 +255 - 31 +105 + 51 -542 +272 - 51 + 71 + 92 Mining, including crude petroleum and natural gas + 7 +277 +206 Commodity dealers Other wholesale Retail - 35 + 3 - 24 -203 - 10 + 30 -136 + 15 + 54 Transportation, communication, and other public utilities Construction All other types of business, mainly services - 31 + 11 -309 + 44 -465 +113 - 18 +158 +108 Net change in classified loans Unclassified changes - net -157 + 5 -122 +l4l -145 +135 Net change in commercial and industrial loans -152 + 19 - 10 Trade: p/ Preliminary. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MAY 8, 1963 St. Phila- Cleve- RichNew All DisChicago Atlanta Boston Business of Borrower Louis mond land delphia York tricts £/ (In millions of dollars) Durable goods manufacturing: 4- .2 .6 +3.8 + 5-5 + -5 + .9 + -3 + .2 Primary metals 8.2 —2.6 1 . 6 +2.6 24.0 + .9 - 9.4 Machinery 4.4 + .3 .1 .1 k.h l4.6 +1.5 - 8.9 - -7 Transportation equipment 4+ + .8 +3 »8 + 4" .1 8.4 + .7 + *3 .9 .5 + .1 Other fabricated metal products 4- .1 4+2.0 4" 1.3 6.3 +1.7 + 2.6 .5 -3.7 •3 Other durable goods H.12(a) - - - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 68.7 + 24.9 5-1 6.5 + .5-0 Mining, including crude petroleum and natural gas + Trade: Commodity dealers Other wholesale Retail 35-2 + 2.5 - 23.8 -6.0 -3-8 - 7-5 - 2.2 - 9.1 31.4 - .4 -19.6 Construction + 10.6 + .9 + 1.7 All other types of business, mainly services . 17-9 -3.0 Net change in classified loansl/ -156.6 Unclassified changes - net + Net change in commercial and industrial loans Transportation, communication, and other public utilities - - .5 +2.2 t — — + .2 - .2 -32.4 +15.6 + - 5-8 - 6.1 + 2.8 + - — — + .2 - .9 + .3 - .2 - .1 -2.2 + .5 + .1 -15 A -5.7 + 1.3 . + .8 + .1 .1 - -3 + 2.4 -3.7 + .5 -1.8 + .2 - .7 + •9 .8 — — .4 .8 + .5 - .1 +1.0 +1.4 - 5.7 .3 — — - + .3 .7 1.7 — 1.6 + .1 -1.4 - .1 -1.8 •3 4- -27.1 4- -2.6 4.6 -152.0 - - — — — -l.l — - + 8.2 7-4 San FranMinne- Kansas apolis City Dallas cisco p/ — — - - BANKS + - .4 .7 .1 .1 - — - -5 .6 — + -3 4- .8 + .2 -4.5 - -7 + .8 +1-3 - .6 + .3 - .1 -2.5 +2.6 + .4 + .4 - .2 + .1 +1.0 -2.7 + .4 -1.0 - .9 -1.5 -1.7 +2.2 - -3 +1.7 - .9 -2.7 -1-3 +4.5 +1.8 — - - .1 - — •2 — 4- - 2.1 -2.1 - .2 - .6 - 5-3 -2.5 + .1 +1.5 - .7 - 1.0 4-2.2 - 2.0 - .5 - .4 -4.6 + .3 -4.4 •7 -2.3 4- 1-7 - -9 + 2.6 + .4 +1.2 - .7 +1.3 +4.0 .1 +1.6 1.6 - + .1 +3.8 +1-3 +2.6 +2.2 +2.3 -96.0 -10.0 +1.7 -10.9 -1.0 -29.2 -2.1 -6.4 -5.6 + .4 +5 •! - .4 -1.0 +1.0 +1.3 - 5*1 +1.0 +12.2 +2.1 +1.4 + .6 — *4 -3.0 -97-0 - 9.0 +3.0 -16.0 -5.0 -5.0 —» mm 4.7 •» — 4- - .6 .2 7-1 .6 -17.0 —3. l -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.
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