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BOABD OF OOVBEOOBS OF THE FEDERAL RESERVE SYSTEM January 18, 1961 (For Immediate Release) H.12 CHANGES IN COMMERCIAL AMD IMXJ31RIAL LOAMS BY TJDOBTRY Commercial and industrial loans decreased in most districts and a net of $114 million at all reporting member banks during the week ended January 11. The principal net decreases were $66 million in loans to manufacturers of food, liquor, and tobacco products, $kj million to the wholesale and retail trade, and $4l million to public utilities. The largest offsetting net increase was $$2 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products. Changes in loans during the week and since mid-year 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 / Jan. Ut*' June 29, I960 July 1, 1959 to Jan. 11, 196!2/ Jan. 13, I960 (in millions of dollars) 626 55 153 - 66 + 2 - 4 +500 -216 -781 + + 52 - 5 +160 - 72 + + Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business - 47 - 19 — 4l - 2 - 1 -130 +467 + 83 + 26 +343 + 129 + 691 + 484 35 — 74 Classified changes - net Unclassified changes - net -130 + 16 +380 -333 +1,876 244 Net change in commercial and industrial loans -114 + 47 +1,632 j)/ Preliminary - 244 20 - CHANGES IN COMMERCIAL AND INDUSHtlAL LOAM OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JAEUABY 11, 1961 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 San FranSt. Minne- Kansas New Phila- Cleve- RichAll Dis- . Dallas cisco £/ tricts 2/ Boston Yoite delphia land mond Atlanta Chicago Louis apolis City (In millions of dollars) - 65 «9 + 2.2 - 3-7 + 51.7 - 4.8 Trade: Wholesale Retail 46.8 j * -9 -2.4 -49.6 + 6.6 +1,0 +2.5 - 2.7 - 5-5 - .3 °° *2 +1.0 - .9 + .1 - -4.7 + .2 +1.5 - 6.6 - °3 - .6 + •7 + .2 - .4 +2.4 - .7 +2 <>8 + .2 .1.9 •= . 4 +52.4 = 3=2 + .1 - 8.4 - 6.7 •4* o 2 -4.6 + »3 - 2.2 - .7 — .1 -2.4 + =3 " *.6 2 + - .2 + .6 + .8 = - 2.6 - 5.1 — .2 + 1.1 - -5 + .2 *=* .2 — o4 +1.4 - 1.2 = .2 + 3.6 — 1.2 — .1 - .2 - + .9 -1.4 id +1.3 +3-5 - 1 O 0 + 3.2 00 - 3.4 - 4.4 .1 .2 -3 .8 - 6.2 - .9 +2.5 .1 — 1.4 — 1.6 [ ) •=* 4<>0 +• 2o2) - 1 4 . 1 Commodity dealers - 18.9 +3-9 •-23.O — »8 -2.5 + .4 Public utilities (including transportation) - 40 .9 -1.5 =23.6 - .7 - .3 + .2 3-6 - .8 - +1.3 3-0 - .4 +1.2 1.0 - .4 + .4 +1.2 - 1•0 + 1.1 -2.2 —1.4 •3 + -5 —1.2 - -9 - 2.5 + 2.1 —Construction - 1.5 -3 - 4.0 «1 - 7.1 .5 •9 + -5 + 6.4 - .8 Net change in classified loans l/ -129.5 -2.5 -49.8 -4.9 -21.6 - 5-0 +1.7 - 9.0 -11.2 - .3 +8.2 -11.2 -23.9 Unclassified, changes - net + 15.5 +9.5 + 8.8 -1.1 + .6 +2.0 -1.7 -31.0 + .2 -3.7 + .8 + 1.2 +29.9 Net change in commercial and industrial loans -114.0 +7,0 -4l.O -6.0 -21.0 -3.0 •11.0 -4.0 +9.0 -10.0 + 6.0 All other types of business -40.0 2/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final 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 JO per cent of those of all commercial banks.
@FedFRASER