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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 April 26, 1961 CHARGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans decreased in most districts and a net of $111 million at weekly reporting member banks during the week ended April 19, 1961. All industrial classifications decreased except for a relatively small increase in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products. The principal net decreases were $25 million in loans to manufacturers of metals and metal products, $21 million to commodity dealers, and $20 million to public utilities. Changes in loans during the week and since year-end are shown below; the third column shows the changes during the comparable period last year. Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended . April IgB/ Cumulative since year-end Dec, 28, i960 Dec. 30, 1959 to , to April 19, I 9 6 W April 20, i960 (in millions of dollars) - 17 - 15 - 25 -375 +165 - 26 -450 +227 +733 + 3 - 4 +l4o +117 +208 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction Ail other types of business - 7 - 21 - 20 - 2 - § -178 -122 -246 - 32 +269 +268 -493 -112 +35 + 43 Classified changes - net Unclassified changes - net -116 + § -287 - 21 +458 + 61 Net change in commercial and industrial loans -111 -308 +519 j»/ Preliminary H.12(a) CHANGS IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BASKS BY INDUSTRY AMD FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 19, 19&1 Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining |AH Dis- . New Phila- Cleve- RichSt. Minne- Kansas San Frantricts jy Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco j>/ (In millions of dollars) — 16.8 - 14.6 -1.8 - .9 - 8.2 - 8.7 - 1-7 + .2 - 3.7 +1.0 + .9 -1.0 -1.6 -1-5 - 2.1 - .6 - 24.9 + 2.6 - 4.1 - .1 - .8 +2.8 -14.4 + 4.4 - 5-5 - 2.5 -4.2 + .6 - .2 - 3*6 + -5 +1.0 +3.3 + .2 - .4 - -3 + .1 - 3-7 - 6.6 + -3 +1.5 -14.8 + - .1 -4.8 +1.8 + -7 -2.3 + 5.2 + - - -- Trade: Wholesale Retail - Commodity dealers — 20.6 Public utilities (including transportation) 6.9) + .4 .2 +1.3 am 2.2 + .9 + .1 - .8 - .6 - .4 + .2 1.9 .1 .4 +1.7 -1.2 + .8 +2.1 +1.2 .4 +1.0 avail+ -3 + .1 r •*! + 1.1 + - ma ** — + -3 Not + 3.7 - .7 - .4 - -9 + 1.8 + .9 - -5 -1.7 + .4 - 3 *8 - 8.3 +1.9 -3-9 -6.5 - 20.0 - .1 -22.2 + .3 - .4 4* .2 - .6 + 1*9 + .8 + .4 — .2 — .1 Construction - 1.7 - .1 - 4.2 + 1.0 -1.0 + .7 +1.8 + .6 + .1 - .1 +1.0 -1.5 All other types of business - 9-2 +3.7 - — 2.2 -2.1 + .6 -4.9 •3 — 2.2 - .9 +3-2 -3.6 Net change in classified loans l/ -116.2 +3-7 -68.6 -11.4 -5-8 - -7 -4*5 -11.4 -12.5 +5-0 —1.8 -8.2 Unclassified changes - net + 5.2 -8.7 + 2.6 +1.4 + .8 + .7 +1.5 +12.4 - .5 +2.0 +5.8 - .8 -12.0 Net change in commercial and industrial loans -111.0 -5.0 -66.0 -10.0 -5.0 -3.0 + 1.0 -13.0 +7.0 +4.0 -9.0 -12.0 .5 able J?/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank. l/ 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 70 per cent of those of all commercial banks.
@FedFRASER