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BOAHD OF OOVBRHQRS OF THE FEDERAL BESBKVfe SYSTEM 1.12 (For Immediate Release) February 23, 1961 CHABGES IK COMMERCIAL AMD INDUSTRIAL LOAMS BY IHDOSTRY Following six weeks of decreases, commercial and industrial loans increased a net of $244 million at weekly reporting member banks during the week ended February 15. Except for a nominal decrease in loans to the construction industry, all industrial classifications increased. The principal net increases were $59 million in loans to manufacturers of metals and metal products, $37 million to commodity dealers, $36 million to manufacturers of textiles, apparel, and leather products, and $30 million to manufacturers of food, liquor, and tobacco products. 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 Week ended / Feb. 15%/ Cumulative since year-end Dec. 28, i960 Dec. 30, 1959 to / to Feb. 15, 196l£/ Feb. 17, i960 (in millions of dollars) Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining + 30 +36 + 59 -231 +61 - 72 -164 +131 +306 4- 6 +26 +63 - 47 - 29 + 4o Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 16 +37 + 7 - 1 + 9 -277 +36 - 96 - 21 + 33 - 24 -214 - 13 - 19 - 30 Classified changes - net Unclassified changes - net +226 + 18 -551 - 91 - 17 -175 Met change in commercial and industrial loans +244 -642 -192 j1/ Preliminary CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEBCLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEBC ENDED WEDNESDAY, FEBRUARY 1% l?6l H.12(a) 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 Trade: Wholesale Retail All Dis- San FranSt. Minne- Kansas New Phila- Cleve- RichBoston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco £/ (In millions of dollars) .1 + 30.4 + 36.4 1.1 +25.4 + • 7 + 6.1 +18.2 + 3-0 -2.3 +1.4 +1.7 + 2.6 + 4.3 + 59-1 + 6.0 + 25.7 +27.4 + •5 1.8 - 2.1 + 2.0 + 3.6 + 8.6 + 1.6 +6.2 +2.3 +2.0 + .4 + .4 +3.1 +1.3 + .6 +16.5 + 3.3 + 6.0 + 1.1 4- 4.1 4- 2.3 + .8 4- 1.9 4" 1.6 + • 7 4- .4 .1 + .1 - .5 - .6 + .1 + 5-3 + 2.5 .6 + + • 3 4- 1.5 44* 1.5 - - (+ XO i A ii.) + 1.5 + 1.2 + + 1.8 - 1 . 9 + c •3 — - •* *• -2.2 - -3 - .1 + 7-5 +2.2 + .3 .5 +20.0 + 2.7 + -7 - .3 -1.2 + 2.4 1.4 -3.1 - .7 - -5 + 5.9 .8 Commodity dealers + 36.8 + Public utilities (including transportation) + 6.8 - Construction - •7 + .4 - 1.3 .2 - .5 +1.0 - .4 -1.5 - All other types of business + 8.9 - .1 -16.3 + 3.0 + .1 - .5 -2.3 + 4.0 +13.4 +7.6 +3.0 -2-3 .6 +1.4 -3.0 +93-0 +14.0 +9-0 1.0 + 9.8 Net change in classified loans l/ +225.8 + 9.9 +89.O Unclassified changes - net + 18-2 4- Net change in ecnmereial and industrial loans +244.0 +10.0 » .1 + 4.0 + - - 44- 4- •5 + .8 4* .6 Hh .1 .2 Not — - «» - .1 (+ •3 ( + 4.9 + 1.3 .2 *» .7 3.0 .1 ) ) 1 JL.7: | 4- 4.3 - 2.1 - 1.2 4" 2.5 4- 1.6 + 2.3 4-14.6 +52.1 +13.2 +13.7 + -3 - 6.1 + 2.8 + -2.0 +46.0 +16.0 •5 .3 4- 2.0 4- 1.1 avail- able 4-10.6 +I5.6 - 2.6 4- 1.4 +14.0 + 8.0 +17.0 j>/ Preliminary; final totals vill 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