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FEDERAL
statistic

a

RESERVE

release

For immediate r e l e a s e
May 9, 1962
H.12

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Commercial and i n d u s t r i a l loans increased i n nine d i s t r i c t s and a net of
$159 m i l l i o n a t weekly reporting member banks during the week ended May 2 .
The p r i n c i p a l n e t i n c r e a s e s were $48 m i l l i o n i n loans t o manufacturers
of "other" nondurable goods, $42 m i l l i o n t o manufacturers of transportation equipment, $29 m i l l i o n t o the construction industry, $24 m i l l i o n t o manufacturers of
"other" durable goods, and $20 m i l l i o n t o manufacturers of food, l i q u o r , and
tobacco products.
The l a r g e s t o f f s e t t i n g net decrease was $80 m i l l i o n i n loans t o manu f a c t u r e r s of primary m e t a l s .
Changes i n loans during the week and s i n c e year-end are shown below; t h i r d
column shows the changes during the comparable period l a s t year.

Business of Borrower
Durable goods manufacturing;
Primary metals
Machinery
Transportation equipment
Other f a b r i c a t e d metal products
Other durable goods

Cumulative since year-end
Meek
Dec. 27, 196I Dec. 28, i960
to
ended .
to
May 2 EZ
May 2 . 1962 2 / May 1. 1961
(In m i l l i o n s of d o l l a r s )

80
17
42
19
24

Nondurable goods manufacturing:
Food, l i q u o r , and tobacco
T e x t i l e s , apparel, and l e a t h e r
Petroleum r e f i n i n g
Chemicals and rubber
Other nondurable goods

20
13
13

18

-129)
+ 65)
+ 81)
+ 77)
+ 46
-471
+267
- 58)
+ 70)

1 / - 74
l / n.a.
-399
+154
1/+144

48

+ 68

l / n.a.
1/+115

Mining, including crude petroleum
and natural gas

-

8

+188

Trade:

+

8

-

8

- 94
+ 1)
+ 43)

-157
-176

-459
+ 92

-239
- i4

+ 82

+295

Commodity d e a l e r s
Other wholesale
Retail

Transportation, communication, and
other public u t i l i t i e s
Construction
A l l other types of b u s i n e s s ,
mainly s e r v i c e s

-

4

- 29
+ 29

Net change i n c l a s s i f i e d loans
U n c l a s s i f i e d changes - net

+105
+ 54

-131
+148

-349
+ 98

Net change i n commercial and
industrial loans

+159

+ 17

-251

g / Preliminary.
n . a . - Hot a v a i l a b l e .
l / Because of r e c l a s s i f i c a t i o n s as of September 27; 1961, many c a t e g o r i e s are not
s t r i c t l y comparable with prior data; cumulative changes shown f o r other durable
and other nondurable are from September 20, 1961.
2 / Includes decrease of $135 m i l l i o n r e s u l t i n g from c o r r e c t i o n s of m i s c l a s s i f i c a t i o n s
d i s c l o s e d incident t o the r e v i s i o n s as of September 27, 1961.



I a a d d i t i o n t o the weekly t a b l e , a monthly t a b l e appears below showing
chaages during A p r i l 1962 compared with the precedimg moath aad w i t h A p r i l 1961,
and a l s o showing changes during the past twelve months.
Total commercial and i n d u s t r i a l loans decreased $236 m i l l i o n during
A p r i l , i n c o n t r a s t t o an increase of $810 m i l l i o n during the preceding month
when t h e r e irere t h e usual large borrowings t o pay quarterly income t a x needs.
The current net decrease, however, was i n the same d i r e c t i o n as i n A p r i l of

1961.

Business of Borrower
Durable goods manufacturing:
Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods

4 weeks
4 weeks
4 weeks
12 months
ended
ended
ended
ended
Apr. 25,1962 Mar. 28,1962 Apr. 26,1961 Apr. 25,1962
(In m i l l i o n s of d o l l a r s )
+

36.8
89.5
30.4
19.2
6.2

+ 24.5
+115.6
+ 96.5
+ 66.7
+ 44.0

1/-196.5

l/-

221.5

l / a.a.

l/-

90.4
23.8
53.1
174.8

Nondurable goods manufacturing:
Food, liquor, and tobacco
T e x t i l e s , apparel, and l e a t h e r
Petroleum r e f i n i n g
Chemicals and rubber
Other nondurable goods

-146.1
+ 6.9
+ 7-5
+ 14.1
+ 10.4

- 66.0
+103.4
- l.o)
+ 89.4}
+ 31.3

1/+ 75.5

+
l/-

l / a.a.

l/-

52.8

Mining, including crude petroleum
and natural gas

+ 25.0

- 40.5

1/+

9.6

1/+

749.5

- 25.4
+ 27.7
+ 37.5

- 48.9
+ 51.9)
+ 92.1)

-131.2
- 43.8

+
(+
(+

l86.2
214.1
55.6

-142.7
+ 45.3

+ 86.5
+ 36.7

-135.4
+ 4.8

+

229.4
190.1

-

5.6

+ 66.9

+ 27.3

+

607.9

Net change i n c l a s s i f i e d l o a n s l /

-315.1

+749.1

-572.6

+1,263.8

U n c l a s s i f i e d changes - net

+ 79.1

+ 60.9

+lo4.6

Net change i n commercial and
i n d u s t r i a l loans

-236.0

+810.0

-468.0

Trade:

Commodity d e a l e r s
Other wholesale
Retail

Transportation, communication, and
other public u t i l i t i e s
Construction
A l l other types of b u s i n e s s ,
mainly s e r v i c e s

-141.5
- 4l.4

2/

-

220.8

+1,043.0

1 / See footnote on f o l l o w i n g t a b l e regarding current coverage and f o o t n o t e s on front
page regarding comparability with prior f i g u r e s .




H.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF W E L REPORTING M M E BANKS
EKY
E BR
EK
A
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, W E ENDED WEDNESDAY, M Y 2, 1962
A l l DisNew
P h i l a - Cleve- RichSt.
Minne- Kansas
San FranB u s i n e s s of Borrower
t r i c t s EZ Boston York delphia land
mond Atlanta Chicago Louis a p o l i s City Dallas c i s c o 2 /
(In m i l l i o n s of d o l l a r s )
Durable goods manufacturing:
——
——
- 80.2 -6.4
——
+ .1
-10.8
Primary m e t a l s
- .1
+ .1
- .1
-55.5
-7-5
+ 1 6 . 6 - -7
+ 4-9
+1.1
+ .1 +1.2
+14.3
——
+2.0
Machinery
-5-7
- -3
- -3
+ 3-4
+ 4 2 . 2 +1.7
+30.0
+ .1 + .2
Transportation equipment
-2.4
+ .1
+ .4
+ .2
+8.5
+ 1.0
+ .1
+ 1 9 . 4 +7-7
+1.8
Other f a b r i c a t e d metal products
+ .6
- .1 + -3
+1.6 + -5
+5.6
+ .3
Other durable goods
+8.8
+ 23.9 + 1 . 1
+ .3
+1.0
+ .6 + .1
+ 7.7
+1.7 +1.0
+1.8
.2

Mining, i n c l u d i n g crude petroleum
and n a t u r a l gas

-

7-5

+
-

8.1
8.4
4.0

Trade:

Commodity d e a l e r s
Other wholesale
Retail

-3-1
+3.0
-+ -3
+1.9

——.

+3.1
+3.4
-8.9

+

+17.1
+ 5*8
-11.9
+ 9.7
+46.7

—1.2
+1.0
- .1
+1.0
+ .8

- .4
+ 4.6
+ 1.3

-14.2

+ .8

+

+18.6
-9.8
+10.7

+

——

+

-1.2

.2
——

C\J

19.6
13.1
13-1
17.6
48.4

1

+
+
+
+

CO

Nondurable goods manufacturing:
Food, l i q u o r , and tobacco
T e x t i l e s , apparel, and l e a t h e r
Petroleum r e f i n i n g
Chemicals and rubber
Other nondurable goods

•7
.3
,3
.8

+ .6
+ .2
- .1
+2.6
—

-1.2
+1.5
- -5
- *1
+ .9

+6.3
+2.7
- •1
-1.2
-2.5

—

- .8

- -5

-2.2
+ -5
+ .8

- -3
+ .6
- .4

-3.9
-1.6
-4.4

+4.9
-2.8
- -3
+ .2
- -7
—

-2.0
-2.1
+ .6

+
-

.7
.4
.1
.1

-1.6
+ -3
+ .2
——

—

—

- -

—

"3

+6.8

-1.4
+ .2

- 3 *6
+2.3
- .2

-

+1.3

- .6
- .4

-1.7
+1.0
+ .2
+ .6

M
•J

m
<
J
H

<
>
<
EH

0

Transportation, communication, and
other public u t i l i t i e s

- 28.9

+2.0

-16.6

- -9

- 4.7

-4.5

-3.0

-1.4

+ .4

+ .2

+ .4

- .8

Construction

+ 29.I

+1.1

+11.6

+2.0

3-5

+1.8

- .9

+1-7

+ .6

+1.5

+2.3

+3.9

A l l other t y p e s of b u s i n e s s ,
mainly s e r v i c e s

+

8.7

-1.7

+16.2

+6.3

- 6.6

+ .9

—-

-4.5

-1.6

+ .2

+ .4

- .9

Net change i n c l a s s i f i e d l o a n s ! /

+104.6

+4.5

+80.5

+6.0

- 3-3

+2.4

-1.4

+ -3

-1.4

+5.9

+1.6

+9.5

U n c l a s s i f i e d changes - net

+ 54,4

+ .5

-

-5

+2.0

- 1-7

- .4

+ .4

+8.7

+ .4

+1.1

+1.4

- -5

+43.0

Net change i n commercial and
industrial loans

+159.0

+5.0

+80.0

+8.0

- 5.0

+2.0

—1.0

+9.0

-1.0

+7.0

+3.0

+9.0

+43.0

S3

p / Preliminary; f i n a l t o t a l s w i l l appear i n t h e F. R. B u l l e t i n and San Francisco D i s t r i c t f i g u r e s appear i n a r e l e a s e of the Reserve Bank.
1 / About 200 weekly r e p o r t i n g member hanks are reporting changes i n t h e i r l a r g e r loans as t o industry; t h e s e hanks hold about 95 per cent

of t
http://fraser.stlouisfed.org/ o t a l commercial and i n d u s t r i a l loans of a l l weekly reporting member hanks and about 70 per cent of t h o s e of «.n commercial hanks.
Federal Reserve Bank of St. Louis