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For immediate release September 4, 19&3 H.12 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY Commercial and industrial loans decreased in nine districts and a net of $54 million at weekly reporting member banks during the week ended August 28. The principal net decreases were $67 million in loans to manufacturers of transportation equipment, $21 million to the mining industry, which includes producers' of petroleum and natural gas, and $18 million to the retail trade. The largest offsetting net increase was '$46 million in loans to commodity dealers• 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 June 27, 1962 Week June 26, 1963 ended . to . to Aug. 28 £/ Aug. 28,1963 W Aug. 29, 1962 (in millions of dollars) + 6 + 9 -67 - 5 + 9 6 - 27 -156 - 17 - 9 +12 - 2 +129 - 2 - 21 + 6 +11 - 48 + 43 - 2 - 38 - 38 - 72 - 39 +110 - 49 +110 + 1 -103 - 10 - 28 -21 +46 - 7 -18 +153 - 50 - 92 + 46 + 31 + 6 + 5 - 9 -172 + 36 + 97 + 33 - 37 - 19 Net change in classified loans Unclassified changes - net -30 -24 -277 - 72 + 38 + 50 Net change in commercial and industrial loans -54 -349 + 88 p/ Preliminary. OHAMTFP IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 28, 1963 San FranMinne- Kansas New IPhila- ICleve-I Rich-I ~ I I St " All DisChicago Boston York delphia land mond A t l a n t a Chicago Louis apolis City Dallas cisco p/ Business of Borrower tricts 2/ (In millions of dollars) Durable goods manufacturing: + .1 — + .1 +4.1 + .1 + 1.4 - .2 - .1 Primary metals + 5-5 + .1 .2 - .8 + .3 + .2 —1.6 — 1.0 + 1.0 + 8.6 +2.5 + 9-1 Machinery - .2 — •3 - .2 - .2 -4.8 •7 - .4 -13.0 -44.1 Transportation equipment -67.4 - 3-5 + • 5 + .6 - .2 +1.1 -2.5 - .6 - .1 - -3 Other fabricated metal products - 4.1 + .9 -4.7 + .6 + .2 — - .1 +1.2 Other durable goods *2 + 7.1 + -3 - .1 + .1 + 9.1 H.12(a) - — — - - - - — — — — Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods - 1.9 +12.4 - 2.3 + .9 + 2.5 - .6 + .4 — •1 + .6 + .6 —1.0 - .4 - .4 +1.7 - .8 -2.0 - .1 -4.2 +2.0 - .3 + .3 - -7 + .1 —2.0 +8.2 - .2 -2.9 +2.5 +1.0 - .2 +2.0 — .1 .4 + -5 +1.4 -1.1 +7.6 - .4 + .4 - -5 + 4.3 - .2 + .5 + .2 - .1 + .8 + .2 - + .2 -3.2 —1.0 -3-6 -4.2 + .9 - .1 - .2 -2.8 + .8 -5.2 + -1.3 - .7 + .1 + .1 +1.1 + .2 + 6.1 +10.6 + .6 + 1.6 + + + Mining, including crude petroleum and natural gas -21.2 + .4 -15.6 Trade: +45.5 - .8 +27.3 - 6.7 -17.8 - 1-7 - 4.7 + 6.2 + .6 - -9 +5.6 - 2.0 + .8 - 4.4 -2.8 Transportation, communication, and other public utilities + 5.3 + 3-0 - 6.7 -2.6 + 1-5 +4.9 Construction - 8.9 - 1.0 - 3*6 - .2 + 1.2 -2.1 - .9 + .1 -1.2 -1.3 - .8 + .9 All other types of business, mainly services - 2.5 - .4 + 6.0 —2.6 — 1.9 +2.3 - .5 + .1 + .7 -2.9 -1.2 -2.1 Net change in classified loans!/ -29.8 - 6.3 - 4.8 +1.1 -16.9 +6.2 -5.4 -3-6 +3.4 -8.9 —4.1 +9.5 Unclassified changes - net -24.2 3-7 - .2 -4.1 — • 1 -3.2 + .4 -3.4 - .4 - .1 - -9 - -5 -8.0 Net change in commercial and industrial loans -54.0 -10.0 - 5.0 -3 *0 -17.0 +3.0 -5.0 -7.0 +3-0 -9*0 -5.0 . +9.0 -8.0 Commodity dealers Other wholesale Retail 5-3 2.5 1.5 5.4 - .6 +1.4 - 1.4 - - +1.5 .1 - - +1.4 + -5 -1.1 - — - .8 +7.9 - .8 - .1 + .3 Not avail- able p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank as to industry; these banks hold about 95 per cent about 70 per cent of those of all commercial banks. 1/ About 200 weekly reporting member banks are reporting changes in their larger loans http://fraser.stlouisfed.org/ of total commercial and industrial loans of all weekly reporting member banks and Federal Reserve Bank of St. Louis
