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F E D E R A L statistic R E S E R V E release For immediate release May 2, 1962 H.12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans decreased in most districts and a net of $209 million at weekly reporting member banks during the week ended April 25. The principal net decreases were jj>80 million in loans to manufacturers of food, ; liquor, and tobacco products, $65 million to transportation, communication, and other public utilities, $25 million to retail trade, $16 million to manufacturers of textiles, apparel, and leather products, and $14 million each to manufacturers of machinery and to manufacturers of chemicals and rubber 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. 27, I96I Dec.20, i960 ended . to . to Apr. 25£/ Apr. 25,1962 VAvr. 26. IQ61 (In millions of dollars) + 5 - 14 + - 1 1 49) 49) 38) 59) 23 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + 80 16 1 i4 3 -489 +254 - 45) + 53) + 20 1/ n.a. Mining, including crude petroleum and natural gas - 2 +195 1/+ 99 + 10) - 99 -153 -205 Trade: Commodity dealers Other wholesale Retail - 10 + 1 6 - 25 + 46) 1/-102 l/n.a. -412 +137 1/+139 Transportation, communication, and other public utilities Construction All other types of business, mainly services - 65 + 4 -429 + 63 -251 - 21 -12 + 76 +298 Net change in classified loans Unclassified changes - net -232 + 23 -227 + 85 -471 + 50 Net change in commercial and industrial loans -209 -142 -421 p/ 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. 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, APRIL 25, 1962 All DisNew Phila- Cleve- RichSt. Minne- Kansas San FranBusiness of Borrower tricts p/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco p/ (In millions of dollars"} Durable goods manufacturing: Primary metals 4.5 .6 + .2 + .3 .8 + 3.8 +1.5 + .1 Machinery 13.5 - 1.9 - 3-7 + -9 - .3 + .1 3-8 - .1 - .1 + .2 4.8 Transportation equipment - .8 - .1 + .2 9-9 - 1.4 - 6.2 1.4 + - .2 .1 - .1 Other fabricated metal products 1.1 - .2 - 1.8 + 1-9 - 1.7 + 1.1 +1.2 + .2 + .6 - .2 Other durable goods .3 - -3 + .4 - + .1 +1.5 •5 + .4 + - .8 -1.6 + .1 - .1 + .2 - •7 — — — — mm mm - mm w - — — — — - — * — — - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + 2.8 Mining, including crude petroleum and natural gas - 2.3 .1 - 1.1 Commodity dealers Other wholesale Retail + -9 - 6.1 - 24.7 .2 +12.9 +2.8 .8 - 4.2 - -5 - Transportation, communication, and other public utilities Trade: - 80.4 - 15-5 -9 - 13.8 .4 5.8 •5 •3 .4 - 47.5 - 6.7 .2 -10.9 + 2.6 —1.6 - 1-5 - .6 + .4 + .1 - -9 - 4.6 + .4 - .4 — — 5-2 - -9 -1.9 - .4 + 1.1 - • 1 - .1 — - — — - -5 — «• -11.4 •5 .2 2.6 1.1 + + + + - .6 . -3.8 -2.8 + .2 + .1 - .1 -- -3.0 - .1 +2.0 + .1 +1.1 - .2 + .2 - "9 - .1 -2.1 - .4 - .4 - -3 2.9 •3 1.0 •5 + •7 +1.1 - .4 + w mm — — •7 -16.2 + -3 + -3 -3 .8 -1.4 - 1.0 -1.4 + 1.8 +1.2 6.8 + •9 - 9-1 -3-9 - -3 + .8 - -5 - .8 - .2 +2.0 + .8 - .8 -6.% + .6 - .1 - 65.O - 47.5 +1.0 + .2 - 1.8 -2.7 - 8.9 - *7 + .1 -2.6 + .5 Construction + 3.7 - 1.3 + .1 - 1.2 .6 - .6 1-7 + .2 + .3 +1.8 . +1.8 All other types of business, mainly services - 12.1 a. -12.1 + .6 - 1*5 Net change in classified loansl/ -231.7 -144.2 +2.4 -12.6 Unclassified changes - net + 22.7 - Net change in commercial and industrial loans -209.0 -145.0 — — .8 -2.4 + 4.6 - 8.0 — + - - •7 5-9 .9 - 3-0 • - - 3-5 .2 2.1 - .8 2.7 +3.7 - .8 + .3 +1.2 + 3-4 6,3 -7.8 -37.4 -7.1 - .7 +1.9 -6.1 - 4.0 - 5-7 - • 2 + 6.4 - .9 + .7 +2.1 + .1 +19.O -12.0 -8.0 -31.0 -8.0 +4.0 —6.0 +15.O 1/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 per cent and industrial loans of all weekly reporting member banks and about 70 per cent of those of *11 commercial banks. of total commercial
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