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F E D E R A L R E S E R V E release For immediate release May 8, 1963 H .12 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY The net increase of $286 million in commercial and industrial loans during the week ended May 1 included increases in all but three of the industrial classifications. The principal net increases were $85 million in loans to "all other" types of business concerns, $30 million to manufacturers of food, liquor, and tobacco products $27 million to the construction industry, $25 million to the retail trade, $24 million to transportation, communication, and other public utilities, and $46 million to unclassified borrowers» 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 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Cumulative since year-end Week Dec. 26, 1962 Dec. 27, 1961 to . to ended . May 1 £/ May 1, 1963 2/ May 2, 1962 (in millions of dollars) - 1 + IT + 12 + 4 + 15 30 10 - 49 +139 -103 + 36 -129 + 69 + 89 + 79 + 57 + 49 -477 -482 +269 +226 - 27 +110 + 43 + 87 +269 +191 -166 - 19 + 6 + 27 -273 + 39 -459 + 93 + 85 +172 + 93 Net change in classified loans Unclassified changes - net +240 + 46 + 17 +139 + 96 Net change in commercial and industrial loans +286 +.156 + 17 7 3 4 Mining, including crude petroleum and natural gas Trade: Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services p/ Preliminary. - 20 + 9 + 25 + 24 + 4o - 57 + 73 -100 + 51 - 79 In addition to the weekly table, a monthly table appears below showing changes during April 1963 compared with the preceding month and with April 1962, and also showing changes during the past twelve months. Total commercial and industrial loans decreased $172 million during the month of April 1963, compared with an increase of $644 million during the month of March 1963 and a decrease of $236 million in April 1 9 6 2 . Business of Borrower 12 months 4 weeks ended ended ended Anr. 24.1961 Mar. 27.1961 Aor. 25.1962 Anr. 24.1963 4 weeks ended 4 weeks (In millions of dollars) 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 - 61.1 - 12.2 -104.5 + 9.4 + 9-1 + 16.4 +106.6 + 22.6 + 1.9 + 46.1 - 36.8 - - 89.5 - 30.4 - 19.2 + 6.2 + + + -146.1 14.9 72.9 2.1 1.2 204.7 181.2 10.8 9.2 129.7 8.9 +124.5 + 12.0 + 17.4 - 6.9 + 13.2 +104.9 + 34.0 > 7-5 + l4.1 + 10.4 + + + + + Mining, including crude petroleum and natural gas - 29.5 + 77-5 + 25.0 + 315.2 Trade: Commodity dealers Other wholesale Retail - 78.0 + 50.0 + 21.7 - 82 :3 + 37-5 + + 61.5 120.3 182.3 Transportation, communication, and other public utilities Construction All other types of business, mainly services ' -135-6 + - 67.3 . - 1.7 +102.3 + 6.9 - 25.4 + 27.7 87.6 - 63.9 + 52.8 + 16.4 + 23.2 -142.7 + 45.3 4- 277.9 + 112.6 + 66.6 + 59.6 - + Net chsnge in classified loansl/ -243 *8 +597 -9 -315.1 +1,740.3 Unclassified changes - net + 71-8 + 46.1 + 79.1 + -172.0 +644.0 -236.0 +2,258.0 ' Net change in commercial and industrial loans 1/ See footnote on following table regarding current coverage. 5.6 510.2 517.7 H.12(a) CHANGES H COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MAY 1, 1963 St. All DisNew Phila- Cleve- RichBusiness of Borrower tricts P/ Boston York delphia land mond Atlanta Chicago Louis (In millions of do]Liars) Durable goods manufacturing: + .1 + -5 - .1 + .2 + -3 — ol - 1.2 Primary metals -5 + 17.O + .7 .6 + »3 + 5.2 + 9 . 7 1 . 2 + .5 Machinery -3 + .2 + 13 =0 + . 1 + ol + 1 .6 + 12.0 Transportation equipment - ®7 - 1.7 4- .4 + .9 - 3 . 2 - 2 . 1 + 1 . 0 + 06 Other fabricated metal products + 4.3 - «3 + 5 . 7 + 2 . 6 + 6 . 0 + .5 + 1 4 . 8 .4 + 1.5 +1*7 + *3 Other durable goods - .7 BANKS Minne- Kansas San Franapolis City Dallas cisco 2/ - +2.6 *~c™ Commodity dealers Other wholesale Retail - 19.8 + 8.5 + 25.3 - 1-7 + + 3-0 + - -9 + Transportat ion, communication, and other public utilities + 23.7 - + Construction + 27.3 All other types of business, mainly services + H — •! +1.2 + .2 -1.6 - »7 - .2 + »3 - *4 - 1.4 - ol -- - + 6»8 + . .4 - .6 + 3-3 + 13.6 + 2.7 + 1.1 + 84.8 + .8 4 9 «i + 3 . 8 + Net change in classified loans!/ +240.1 + 6.4 +166.3 +16.4 +14.8 Unclassified changes - net + + 7-6 + - + Net change in commercial and industrial loans +286.0 +171.0 +14.0 .1 + .9 38 *8 +14.0 - .1 .1 2.4 *2 — — -4.5 + .4 + .1 - + 4.7 + .1 6.4 - .9 +3.1 +2.0 45.9 - - +1.0 + -1.7 *5 + .8 + 2.7 .9 + 8.2 + 3-0 - 1-5 + .6 +1.6 + .3 + + 4.2 - 1.1 + 2.3 Trade: 5.2 2.3 4.9 + .3 + 6 . 8 +4.9 + .3 - .1 - 1 - 7 — 1.0 - .9 + .4 + -5 + .5 + «3 + . 4 1 -- fo 4.3 19.2 11.4 4.2 1.3 7.5 CTs + .1 - 1.9 1 3.0 + + — + 2.1 + 1.0 + + 45- + TO Mining, including crude petroleum and natural gas + 29.7 + 10.1 - 6.8 4" Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods -- -2.5 - .2 +11.6 -5.2 - .4 - .1 —2.8 -11.0 -1.7 + .3 +1.2 - +1.2 + .7 -4.3 +7.2 +19.0 + .3 4- .8 -2.9 +8.6 +23.3 -6.4 + «2 -2.1 + .4 -12.3 +1.4 - +15.0 -5.0 +9.0 +11.0 -5.0 -1.8 -3-5 - 8.1 .4 .9 .2 - .4 •=* ©2 - .2 + .2 —1.0 + + - .6 .4 .4 -3 — .1 —— + .5 - .4 — .1 + 2.8 " 1.0 - 1.1 + *3 + 1.0 -- + 9-3 +1.4 +2.1 - 5,0 — 1.0 + .6 .1 + .4 - 5.8 .9 + -7 + 3-2 + .4 + 7.0 .k +2.9 +10.3 .4 +2.1 + —— +5.0 +11.0 - -5 Not -7 avail- able +46.0 +46.0 p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District 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 *11 commercial banks.
@FedFRASER