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FEDERAL ; of coy/ HI statistical RESERVE release f*4L RE**. For immediate release September 19; 1962 CHANGES IN COMMERCIAL AND INIXJBTBIAL LOANS BY I8D0STKY H.12 Commercial and industrial loans increased a net of $198 million at weekly reporting member tanks during the week ended September 12, The principal net increases were $68 million in loans to transportation, communication, and other public utilities, $32 million to "all other" types of business concerns, $30 million to commodity dealers, and $42 million to unclassified borrowers. The largest offsetting net decrease was $38 million in loans to manufacturers of transportation equipment. 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 27, 1962 June 28,1961 to . to ended 1QL! Sept, 12B/ a m L ,12, 19&F (la million* of dollars) - 8 - 1 - 38 + 13 + 5 + 24 +15 + 5 - 17 + 5 Mining, including crude petroleum and natural gas Trade: Commodity dealers Other wholesale Retail - 56 - 30 -102) - 36) +123 I/-351 l/n.a« + 5 +134 —) -151) - 5 1/-153 - 26 1/+ 18 + 65 + 86 l/n.a. + 30 + 13 + 3 + 91 + 52) + 3) +104 + 68 + 6 +157 + 8 -105 + 33 + 32 - 14 +175 Net change in classified loans Unclassified changes - net +157 + 42 +151 + 77 - 52 + 11 Net change in commercial and industrial loans +198 +228 - 4l Transportation, communication, and other public utilities Construction All other types of business, mainly services + 74 g/ Preliminary. n.a. - Not available. l/ Because of reclassifications as of September 27, 1961, many categories are not strictly comparable with prior data. H.12(a) CO 3 CHANGES 331 COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, SEPTEMBER 12, 1962 All DisNew Phila- Cleve- RichSt. Minne- Kansas San FranBusiness of Borrower tricts 2/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco 2/ (In millions of do] Durable goods manufacturing: — — Primary metals - 8.2 - .1 - .6 + *3 + .2 + .1 4" . 6 - 8.7 Machinery + 4.5 +1.5 - 1.3 +2.4 .1 -4.0 - .4 + .2 - 2.7 - *3 - .7 -1.7 + .4 - 38.0 -25.6 Transportation equipment - .1 4 . 2 - 2.8 -7.8 —1.6 - .8 + «1 + .6 +3*8 + 13.1 - * 8 Other fabricated metal products + 5.3 + »3 - # 2 - .1 + .2 + .3 + 3.7 +1.7 -1.7 + 4 . 5 +1.7 Other durable goods - 1.3 + .1 - .1 + .1 + .8 + 1.8 +1.1 - »3 + .9 - .3 w w mm mm mm mm MM. Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods + 24.3 + 14.8 + 5.1 - 16.8 + 5.4 Mining, including crude petroleum and natural gas + Trade: Commodity dealers Other wholesale Retail 2.2 +2.7 + .9 - .1 + .7 + .8 - - - 3.4 + 6.2 + 2.4 -17.2 + 4.0 + .5 +2.9 +1.3 - .5 + .5 +1.2 -- + .2 +1.1 - *3 — + +1.9 -9 +1.5 .9 + .9 - .1 .2 .2 + .2 mm mm - - - -5 +10.2 + 3.9 + 1.2 + .5 + 1.1 + .4 + .3 - .1 - .1 + .3 + - .3 — • .6 .3 - - + + - .2 .1 .6 .1 .1 - .5 +1.3 + .3 +1.2 + .2 +11.5 - .4 + 1.7 - 2.4 - 2.2 + .7 -1.3 + 1.5 + 5-3 + 2 9 . 5 -1.0 + 12.8 +1.2 + 3 »l -4.7 + 5-9 + 6.1 +16.7 -3.2 - .3 + .1 - *3 +1.4 - .2 + 4.3 + .8 + .3 +1.2 - 2.2 -1.9 +10.6 + .9 - .2 +2.3 -1.0 +4.0 + .9 +2.4 - .5 - .2 +3.8 +1.8 -2.0 Transportation,, communication, and other public utilities + 67.7 -4.7 +51.8 - .9 +3.7 + 1.6 + .1 +10.2 +1.1 + .4 + .9 +1.8 + 1.7 Construction + 6.2 -5.2 + .8 +2.5 +3.5 + .6 +1.4 -1.2 +1.2 + +2.3 + .5 - All other types of business, mainly services + 32.1 - .8 +23.0 -1.0 - .4 - .8 - .7 + 6.7 +4.3 + .8 + .3 -2.3 + 3.0 Net change in classified loans!/ +156.5 -7.0 +79.1. +5.5 +6.4 + 2.3 +3.6 +34.6 +7.5 +7.4 +1.8 +3-4 +11.9 Unclassified changes - net + 41.5 +9.0 + 2.9 +1.5 -6.4 + 9.7 +1.4 + 6.4 + -5 +1.6 -1.8 4- .6 +16.1 Net change in commercial and industrial loans +198.0 +2.0 +82.0 + 7.0 +12.0 +41.0 +8.0 +9.0 4-4 * 0 +28.0 -- +5.0 - *2 *2 - - - 3-0 - 3-7 .4 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 all commercial banks.
@FedFRASER