View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL

;o£GOW.

statistical

RESERVE

release
For Immediate release
September 5> 1962

H.12

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Commercial and industrial loans increased in seven districts and a net of
$l6 million at weekly reporting member banks during the week ended August 29.
The principal net increases were $2$ million in loans to manufacturers of
food, liquor, and tobacco products, $19 million to manufacturers of textiles, apparel,
and leather products, $15 million to commodity dealers, and $12 million to manufacturers
of primary metals.
The larger offsetting net decreases were $22 million in loans to manufacturers
of machinery, $15 million to the mining industry, which includes producers of petroleum
and natural gas, and $14 million to manufacturers of "other" fabricated metal products.
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
Week
June 27, ijba
June zo, lybi
ended .
to
.
to
Aug. 29B/
Aug. 29, I962W Aug. 30, 1961
(in millions of dollars)
+12

- 4l)
- 42)

-11

- 66)

1/-325

-14
- 4

- 4l)
+111

l/ n.a.

+25
+19

- 58
+107
+ 4)
-103)

+ 72
1/-194

- 11

l/ n.a.

-15

- 28

1/-

+15
+ 7

+ 40
+ 30)
+ 15)

-22

+ 2
- 8

+ 4

- 8

+ 5

-

2

7

+138
+ 33

-144

-10

+ 90
+ 40

+ 26

+11

- 16

+133

+ 8

Net change in classified loans
Unclassified changes - net

+ 9

+ 31
+ 49

-270
- 23

Net change in commercial and
industrial loans

+16

+ 80

-293

p/ 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)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 29, 1962
All DisNew
Phila- Cleve- RichSt.
Minne- Kansas
San FranBusiness of Borrower
tricts E/ Boston York delphia land
mond Atlanta Chicago Louis apolis City Dallas cisco 2/
(In millions of dollars)
Durable goods manufacturing:
Primary metals
-+12*2
+ 4.5 -1*0 + .1 + 1.3 + .7
+ 7.1 - .4
+ .2
- *3
Machinery
-21.9 -1.7 -10.3 + .7
-2.6 ~ el + .4
-2.3
- 5.7
- .3
Transportation equipment
-11.4 + .9 - 9.9
+ .1
+ .5
- 2.6 w el
+ .2 - .5
Other fabricated metal products
-Ihil
-1.5 - 7.9 + .5 + 3.3 - .3 + .4
-2.2 -1.9 -1.0
- 3.3 - *2
Other durable goods
—
- 3.6 + .4 - 2.5
+ .3 - .5
+ .2 - .7
—
Not
" .5 - .3
ca <t»

CO <*»

•*» «•

Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

+ 3*7

— .6
+ .8

+10.6
+ 2.9
+ 4.3
- 1.3
+ 3.5

+ .2
+ .5

-14.6

- .2

- 8.4

— *1

+l4;6
+ 6*7
- 8.3

+2.1
+1*3
-2.3

+ 5.5
+ 5*4
- 1.1

-2.6
- .5
+ .6

- .5
- .4
- 1.5

Transport at ion,, communication, and
other public utilities

+ 4.7

-

.8

+ 3-1

+1.1

+ ; .7
>

Construction

-10.3

+

.3

- 2.5

+ .8

-

All other types of business,
mainly services

+11.3

-1.0

+12.7

—1.4

Net change in classified loansl/

+ 7.5

+ .1

+ 8.6

Unclassified changes - net

+ 8.5

+1.9

-

Net change in commercial and
industrial loans

+16.0

+2.0

Mining, including crude petroleum
and natural gas
Trade:

Commodity dealers
Other wholesale
Retail

*25*3
+18*9
+ 2*3
— 8*0

+1*2
+1.2

n»«3»

W W

- 1*0
+ .1
- .1
- 2*4

+ 3*8 +
+ 5.3 +
+
+ .6 +
+ .4 +

<6
.4
.1

- .1
--

+1*8
- .1
+ .2
- .1
+ *3

-1.5 +1.0
+ .2
- .6 - .9
- .8 - .8
- .7 - .7

.7

+ «1

- .5

-1.3

+ 6.1 + .5
- .4 +1.8
- l.l -1.9

- 6.2
+ .2
- 2.2

+ .8
• .5

+6*4
- ;6
- .3

- *6 + 3 . 1
+ .1 - .2
+ .3 + .7

+1.3

- 1.5

+

+ .4

- .5

+

— .6 -1.9

- 5.9

- .8

-l.l

+ .5

+1.5

- 1.3

- 1.7

-

.4

+2.0

- .3

+2.1

-

- .9

- 6.0

+12.8 +1.4

- 9.0

+3.1

+1.3

-4.5 + .6

.6

-2.1

- 4.0

+ 3.2 - .4

- 1.0

- .1

+2.7

-2.5 -1.6

+13.0

+ 8.0

-3.0

-10.0

+16.0 +1.0

-10.0

+3.0

+4,0

-7.0 -1.0

+13.0

*1

.3

-*
*

.6

—

il

.8

-2.5

+

.8

+ 7.9
+ 8.3

•6
— 2.8
- .9
-

+

.5

+ .6

*i»

.7

avail-

-1.0

able

.2

.2

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures will 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
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 ccmercial banks.