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For immediate release October 30, 1963 H.12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased a net of $28 million at weekly reporting member banks during the week ended October 23. The principal net increases were $54 million in loans to commodity dealers, $42 million to the retail trade, $28 million to transportation, communication, and other public utilities, and $60 million to unclassified borrowers. The larger offsetting net decreases were $6l million in loans to manufacturers of textiles, apparel, and leather products and $38 million to manufacturers of machinery. 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 2b, 19^3 June 27, 1962 ended , to ,. to Oct. 23 2/ Oct. 23. 19632/ Oct. 24. 1962 (In millions of dollars) • 4 - 39 - 73 -15 - 32 - 9 +112 +24 +367 - 15 + 7 +280 6 - 37 •4 -38 •11 -21 -6l + 7 - 7 -26 -161 - 87 - 28 - 66 - 82 - 22 - 5 -167 Mining, including crude petroleum and natural gas -14 + 45 Trade: Commodity dealers Other wholesale Retail +54 +19 +42 +457 +28 + 8 + 80 + 63 +265 zi3 - 46 - 42 -32 Transportation, communication, and other public utilities Construction All other types of business, mainly services + 22 + 43 +190 + 83 +160 + 13 Net change in classified loans Unclassified changes - net +684 +580 +60 + 67 + 75 Net change in commercial and industrial loans +28 +751 +655 p/ Preliminary. H. 12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEEERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 23, 1963 St. MinneAll DisNew Phila- Cleve- RichBusiness of Borrower tricts ez Boston York delphia land mond Atlanta Chicago Louis apolis tin millions of do]Liars) Durable goods manufacturing: Primary metals - 4.2 - .4 - 1.6 + .2 - .6 Machinery -1.4 -3.0 + *1 -11.3 - .6 -1.0 -38.3 - -9 -13.4 + Transportation equipment -11 i 3 - .8 — .8 -1.4 —1.6 + .7 - 3-3 Other fabricated metal products -1.0 - -5 -15.4 «• -3 - 3-9 =2.8 - .1 - 5-5 - 1.0 +1.0 Other durable goods -21.0 -1.9 - 2.7 — .6 - 7-7 -1.2 «=» «=» •*» •» «=* . 7 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods - 1 . 8 + . 8 - 3 . 7 +1.1 —4.1 ~ »x 6.7 •=•26 0 4 - 2.6 + -7 -30.4 + 6.4 - 4;6 -11.0 Mining, including crude petroleum and natural gas -14.2 — 4.0 - .4 Trade: Commodity dealers Other wholesale Retail +53.9 +18.7 +41.7 + 1.1 + 6 . 8 + 3.7 +14.8 +15.7 +9.7 + .4 +4.6 Transportation,, communication, and other public utilities + 2 8 . 0 + 1 . 7 +10.8 Construction + + 2.0 All other types of business, mainly services Net change in classified loansl/ +23-9 -6l=4 + 6.6 - 1 6 . 3 - 7 . 5 - 1 3 . 4 - 3 2 . 0 + .3 -1.4 • - . 5 + . 3 - 1 . 3 - .5 - .4 * 2 +2.0 +1.4 +2.2 -1.5 + - . 1 . 7 - .2 *="=* - .9 + . 2 + 8 . 7 - 1 . 7 - 7-7 + -3 - 1-9 - -3 - .1 - 7-7 — .2 - - 1.6 . 1 +3.1 +11.4 +12.3 + 1.4 - .2 + 5-9 + 1.2 - 2 . 9 +6.4 +1.2 +1.1 + 1 0 . 7 + 4.4 -1.7 +1.2 - -3 - -7 + + 3-2 - 9-7 +1.C -1.9 -4.4 - 5.3 - 3 0 . 6 + 2 . 1 - - 2 . 7 + 1 . 6 *=* <=» . 8 Unclassified changes - net +60.0 - 1-7 + .6 -1.1 +5.8 + .7 Net change in commercial and industrial loans +28.0 - —30.0 +1.0 +5.0 -2.0 7 . 0 - . 5 . 8 ~ .1 + .1 + . 1 - -7 +2.4 — .6 - -5 -1.7 - .3 - -3 - -5 - .4 + 3 . 8 «= «=» -- +1.2 +1.4 +4.3 1 . 7 • - +2.3 + .2 —4.0 + , a» «$> 1 + 1 + m» we <=» «=» «*> C9 - 7 *»«=» Kansas San FranCity Dallas cisco e/ —— + .3 - .8 - .3 —2.2 - 5-2 " .1 - 3.6 - 1.7 - .6 + -5 - * 3 +1.2 + -1.1 + .1 + - 7 . 7 — +1.9 -1.3 —1.4 - .2 - + .5 +3-1 - +3 «4 - 1.6 + -3 + .6 -1.3 - -5 + 8 . 1 - 6.1 +3.1 - -7.7 - + 3-1 — 1.6 -2.1 + .2 - 3.0 + 7*0 +1.0 - 2 . 1 +6.0 8 . 6 . 6 + 5.0 +1.7 + .6 - .8 + '5 + 4.0 .8 + . 6 1.0 + .6 - *5 + .3 - -5 + .1 + 2 . 7 - . 1 1.6 1.3 4.6 . 5 . 2 - .3 + - . 6 .4 2 . 5 -5 + 5 8 . 5 —8.0 +58.0 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 hanks 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 *n commercial banks.
@FedFRASER