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'•f^AL VS&.For Immediate release October 2, 1963 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and industrial loans increased in six districts and a net of $80 million at weekly reporting member banks during the week ended September 25. The principal net increases were $75 million in loans to transportation, communications, and other public utilities, $39 million to manufacturers of food, liquor, and tobacco products, $20 million to commodity dealers, and $15 million to manufacturers of transportation equipment. The larger offsetting net decreases vere $57 million in loans to manufacturers of textiles, apparel, and leather products, and $32 mill ion to "all other" types of business concerns. 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 Cumulative since mid-year Week June 26, 1963 June 27, 1962 ended . to . t o Sept. 25%/ Sept.25,1963 & Sept. 26, 1962 (in millions of dollars) + 2 + 5 + 9 +15 + 10 + 7 + 8 +39 -57 +144 -10 - 2 - 90 - 6 + 74 + 27 - 49 + 31 - 15 - 48 +i4o +111 + 96 + 12 +10 - 41 + 59 -154 + 7 Mining, including crude petroleum and natural gas - 7 + 30 - 25 Trade: +20 +234 Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services Net change in classified loans Unclassified changes - net Net change in commercial and industrial loans 2/ Preliminary. + 9 :° i + 87 + 63 +75 - 6 - 17 + 72 + 29 + 1 +309 + ^32 +74 + 36 8 +419 2^4 +80 +385 +709 H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, MEEK ENDED WEDNESDAY, SEPTEMBER 25, 1563 St. All DisNew Phila- Cleve- RichMinneAtlanta Chicago Louis apolis Boston York delphia land Business of Borrower tricts $/ mond Liars) (In millions of do] Durable goods manufacturing: Primary metals - .1 + 1.4 + .3 - .1 + .1 + 2.3 + 2.0 - -5 Machinery + 9-1 + -3 + 3-2 + .6 + 1.1 - .4 +1.1 + 3-8 - .1 - .4 Transportation equipment +14.6 - .4 + .1 + 1.6 + 7.7 + .4 + .6 - .1 + .1 Other fabricated metal products + .3 - 9-5 - -7 - -7 - .3 +3 *8 - 9-8 - 1.5 - -9 - .2 Other durable goods + 6.6 1.3 +14.6 + 0 6 - 1.7 + -7 -4.2 + - .1 - 3.1 + .4 +39-4 -56.8 - 2.0 + 9-7 - - Mining, including crude petroleum and natural gas +20.0 Commodity dealers Other wholesale Retail - -7 - 3-1 - .2 2.5 + .2 + 1.2 + .1 + 9.6 + -5 .6 + 2.3 + 1.3 - .8 — — + 2.4 - 2.9 mm + - - 7.3 Trade: + 1.4 + 7-2 -12.8 -25.9 «• — - 8.1 + .1 + — — - .1 .4 .6 +1.0 -2.6 - - +1.3 - .1 - .2 - ». 2 - .5 mm mm - .1 +1.0 + .2 - -7 .0 + .2 +12.2 -2.4 - .6 - »1 - .8 r - .2 _* - .4 + .6 + .3 .2 .4 + -7 + 8.3 +6.6 - 3.9 - 3 - 2.6 .4 - 3-2 + -7 + .2 + .2 +1.5 - w mm - .5 - .3 - .4 .5 + 6.0 - 2.8 - .1 + 4.7 - .6 - 1.8 - - Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods Kansas San FranCity Dallas cisco 2/ mm mm - 1.0 + 9-2 + 1.2 + .2 + 3*8 - 3.0 + 1.2 + 7.4 -- .6 - 1.4 + 2.8 s + 4.4 - .2 + 3.4 Transportation,, communication, and other public utilities +75.2 + • 1 +42.9 + 1.7 + 5.4 + 5.3 +3-5 +12.2 Construction - 6.2 - .7 - 3-9 + 1.0 + 2.3 - 2.3 - -9 - All other types of business, mainly services -31.7 + .6 + -10.3 - 3-7 - 1.6 -1.9 + 5.4 -2.2 - .1 +1.6 -5.1 -14.8 -13.8 +47.8 - 7.2 +14.4 +11.9 - 1.2 — 1.8 -13.8 + 2.6 -15.9 +4.6 +23.2 +3-4 -2.8 -4.9 -1.1 - 2.0 Unclassified changes - net +73.5 + 6.5 + .4 + .8 - .4 -5.2 -2.1 + .1 +43.0 Net change in commercial and industrial loans +80.0 -15.0 +46.0 +5-0 +24.0 -8.0 -7.0 -1.0 +41.0 Net change in classified loansl/ - .4 -21.0 +17.0 — 4.0 +2.5 + 2.4 + .8 + 1.7 + .9 + 2.0 - 5 +1-3 - .3 -1.0 - -5 - .4 +2.7 +3.9 -2.3 -1.2 — 2.0 - 1.7 +1.7 + .1 -1.1 +1.2 + 2.2 .5 - .2 -1.0 - .2 - .8 +1.0 +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 JO per cent of those of all commercial banks.