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FEDERAL of G V. Og RESERVE statistical For immediate release October 3, 1962 CHANGES IS COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and industrial loans increased in eight districts and a net of $182 million at weekly reporting member "banks during the week ended September 26. The principal net increases were $94 million in loans to transportation, communication, and other public utilities, $26 million to manufacturers of food, liquor, and tobacco products, $20 million to manufacturers of machinery, and $19 million each to "all other" types of business concerns, and to unclassified borrowers. The largest offsetting net decrease was $18 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 ^ear. Cumulative since mid-year June 27, 1962 June 28, 1961 Week to . to ended . Sept. 26,1962s/ Sept. 27, 1961 if Sept. 26B/ Business of Borrower (In millions of dollars) Durable goods manufacturing; Primary metals - 49) 1 20 + 33) Machinery -298 - 12) Transportation equipment 3 - 46) 12 Other fabricated metal products in +l4l 4 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 + 26 ~ l8 + 15 - 2 + 6 +105 + 96 + 12) -154) + 7 - 8 - 25 + 11 + 4 + 4 + 94 - 2 87 63) 36) +300 + 30 +19 +156 + 48 -170 + 10 - 9 + 2k +104 +124 - .1 + 47 + 44 +130 Net change in classified loans Unclassified changes - net +163 +19 +629 + 80 +199 -163 Net change in commercial and industrial loans +182 +709 + 36 |j Preliminary. l/ Because of reclassifications as of September 27, 1961, some categories are only partially comparable with prior data. 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, SEPTEMBER 26, 1962 St. Minne- Kansas San FranAll DisNew Phila- Cleve- RichAtlanta Chicago Louis apolis City Dallas cisco e/ Boston York delphia land Business of Borrower mond tricts $/ (In millions of dollars) Durable goods manufacturing: + 1 . 0 + .7 + Primary metals .9 - .3 + .2 + 04 + .1 01 - .1 - .5 - °3 WW + .8 0] _ +1.2 Machinery + 1 9 . 9 - «7 + l4.4 +1.0 + 2.6 + *1 + 2.0 - .1 -1.3 + °3 Transportation equipment — — + 3 . 3 + 1 . 0 + 6 . 0 - .1 -2.4 + .2 + ol + .2 - l.l - -7 Other fabricated metal products + 1.0 - 11.5 + .2 - 9-3 - -5 - .4 - -5 + *1 .2 - -7 - ,9 - .3 + 4.0 - .1 + 3-9 - .2 Other durable goods - 1.0 .4 +2.2 - .4 + .5 + .4 - .8 - .1 «» • Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + 25.9 - 18.4 + 14.5 - 2.1 + 5.9 Mining, including crude petroleum and natural gas - Trade: Commodity dealers Other wholesale Retail - .3 + 16.4 + .4 - 7.4 - 7.9 -1.2 — — + 5 »8 - .2 .6 + . 1 - .4 + 6.4 + -7 3 *6 + *1 8.3 + 1 0 . 8 - 1 . 0 + 5.2 - .6 + 3 "8 - 2,1 + 6 . 5 + .3 + 3.8 - 4.6 + 10.5 + .5 + 6.0 - .2 - .2 - 3 . 8 +1.3 - 2.5 - .8 — + el + #2 + .2 - .1 - .5 + 6.5 + .6 -3 + «3 - - - .1 - .7 ** • * * .1 *1 - .3 +1.9 - .5 + .1 mm - .1 — - -1.6 - .2 + .3 - .1 + + + - - - .1 *2 *2 *k .4 .1 .1 —2.0 - .7 - "5 - .6 - .1 + 7-6 + 1.8 + 2.6 - .8 -- -3.8 - .1 — 1.6 + .9 - .1 + 2.2 .3 -1.5 +1.4 +1.1 +2.9 - 7.5 - .1 - 1.0 +11.1 - .7 - .2 w *9 - -7 -X .2 - .4 -1*4 -1.2 +1.3 + .4 + -3 + 1.9 - .6 - .4 +13.1 - .3 +5.1 + 6.5 + .4 + *8 + >5 + .4 + 2.3 + .7 - .9 + .2 - *2 -3.0 +4.2 - 2.6 Transportation, communication, and other public utilities + 93.9 Construction - 2.0 -- * - 1.3 + .7 + All other types of business, mainly services + 18.9 + l.l + 4.9 +1.9 + 3.0 - 2.1 -2.2 - 3.7 + 2.1 + .6 +1.0 +7.7 + 4.4 Net change in classified loansl/ +163.4 -15.5 +124.1 +3-7 +20.2 - 9.1 +8.2 + 3.7 +14.9 -5.5 -3-8 +6.2 +16.3 Unclassified changes - net + 18.6 + 1.5 7.1 + .3 - 5.2 - 2.9 - .2 +35 -3 — -1.5 + .8 + .8 - 2.3 Net change in commercial and industrial loans +182.0 -l4.o +117.0 +4.0 +15.0 -12.0 +8.0 +39.0 +14.0 -7.0 -3.0 +7-0 +14.0 - 1.7 + 6 5 . 9 - + .9 .2 69 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.
