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FEDERAL

o GV
f O^

RESERVE

release
fLE^'
^RST

For Immediate release
November 7, 1962

H.12

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Commercial and industrial loans increased in ten districts and a net of
$267 million at weekly reporting member banks during the week ended October 31*
The principal net increases were |135 million in loans to transportation,
communication, and other public utilities, $44 million to manufacturers of food,
liquor, and tobacco products, $29 million to "all other" types of business concerns,
and $37 million to unclassified borrowers.

L.

The largest offsetting net decrease was $ 3 5 million in loans to manufacturers
of textiles, apparel, and leather products.
Changes in loans during the week and since mid-year 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
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

Cumulative since mid-year
Week
June 27, 1962
June 28, 1961
ended
.
t
o
. t o
Oct. 312/
Oct. 31, 1962 2/ Hoy. .1. 1 9 6 l V
(in millions of dollars)

- 73)

+ 18

- 10)

- 74)
- 77)

-425

-

8

-

1

+110

- 72

+ 44
- 35

+324

+357

+ 5

- 57
+ 17)
-164)

+ 22

-138

- 56

-155
- 36

- 14

- 13

+200

+ 23
- 3
+. 20

+212
+ 79)
+179)

+242

+135

+4oo

+ 4

- 18

+ 12

+172
+115
+ 09

+ 25

+ 6l

+ 29

- 13

+201

Net change in classified loans
Unclassified changes - net

+231
+ 37

+811
+112

+6l2
-296

Net change in commercial and
industrial loans

+267

+922

+316

'

p/ Preliminary.
1/ Because of reclassifications as of September 27, 1961,
partially comparable with prior data .




some categories are only

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS U ? A bAMru. urrauc-ivuxn , r i . i H
J'
r.vu..v

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

.1

Philadelphia

New
York

St.
RichChicago Louis
mond Atlanta
(In millions of dollars;
1

All Districts P/ Boston

IS

H.12(a)

+ .1
-1.1
+ .3
- -5
4 ,1
-

4 .4
4 3-8
4 1.8
4 •3
4 2.3
-

4
+
+
+
+

3-2
+ l.l
.7
- .1

+ .1

+2.0
•- .2
- .1
-1.7
-1.6

- .1

+ .2

+ .9

-8.4

+

+10.1
- 4.7
+ 1.9

+2.9
- .1
+ .4

-2.0
+1.5

+2.2
+3.2
- .1

+2.7
+3.2
+ .3

+
.2
- 1.2
+ •3

- .6

+14.5

+2.5

+ .1

+ .5

--

-

.2

- .1

—1.4

+: 3.1

- .4

-1.2

+2.2

4 .9
-

+

.4

-7.4

+1.6

-4.8

+ 4.2

- .5

- .1

- -4

+4,5

- P.U

+1.5

+2.3

- .4

+58.7

+6.2

-3-9

+5.8

+4.6

+ 3.1

-1.5

-3.3

+1.4

- 2.7

• + .8

+6.9

+1.2

+1.4

+31.9

-1.0

+1.0

+$6.0

+7.0

+3.0

+7.0

+6.0

+35.0

-1.0

- .1
+17-9
- 4.6
+ -7
+
.9

+
+
+
-

-2.1
+ .2
- .2
+ .2

+12.5
- 3-2
+10.0
- 2.0
-3.8

+4.9
-2.7
- .1
-1.2

- *3

+ 1.3

+1.4
+1-3
+ "9

+1.2
+2,5
+4.9

+2.1

+ .7

.1

+4.2

6.9 +23.3

-

.4

+ 17 -9
- 7.8
+ 4 .9

1.2

- .3
-1.3
-1.0
- .8
-1.0

+
+
-

3-9
.1
4.3
8.2
2.4

+ 1-5

+3-9
-1.7
-1.0
- .6
-1.1

+ >3.9
- 34.9

+1.8
—2.6

+

3.5

- 18.3

- .6
-2.8

+ 23.3
- 21.8
+ 12.4
+ 6.9
- 9.0

+ 1.2
- .1
- .1
.6
— .2

+2.0
—l. 1
- -7
+1.7
- .1

Mining, including crude petroleum
and natural gas

- l4.0

+1.0

-

9.3

4
-

Trade:

+ 22.8
- 3.2
+ 19.7

+5.1
-1.7
+ .5

+

3.2
6.6
6.8

— .1
+ 2.3
+ .8
+
.1
+ 1 . 3 . +1.0

Transportation, communication, and
other public utilities

+134.5

+6.8

+106.6

+1.5

Construction

+ 12.2

- .8

+

-

All other types of business,
mainly services

+ 28.6

+3.7 +

- .1
- .2

— .4

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

Commodity dealers
Other wholesale
Retail

-

+ 22.0

Net change in classified loansl/

+ 36.5

-1.0 • +

Net change in commercial and
industrial loans

+267.O

+5.0

5.4

— —

,8

+230.5

Unclassified changes - net

j- /

San Frar
Minne- Kansas
apolis City Dallas cisco P/

.9

+

«5

+117.0 +31.0

—

— —

-1.5
+ .3

+1.4
-2.9
— —

- .1
- .4

+ .2
+ -5
+ .3
- -

.1
.4
.1
.9
.1

— —

•» —

— —

+ .7
+ .5
-1.7

+
-

-2.6
4-

4 *2
•
— —

.4
.1
.1
.7

,6
.3
.9
.2
-5

•3

reiimmary; n n a i lolslls w m
m
—
bout 200 weekly reporting member banks are reporting changes in their larger loans as so industry; these banks hold about 95 per cent
A
of total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks.