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BOABD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM 1.12 (For Immediate Release) January 25, 1961 CHABGES IK COMMERCIAL AMD BCXJBTRIAL LOAMS BT IBDOSIRY Commercial and. industrial loans decreased in nine districts and a net of $160 million at «.n weekly reporting member banks during the week ended January 18. The principal net decreases were $49 million in loans to manufacturers of food, liquor, and tobacco products, $46 million to manufacturers of metals and metal products, $30 million to the wholesale and retail trade, and $20 million to "other" manufacturing and mining concerns. The largest net increase was $23 million in loans to "other" types of business concerns. 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 Week ended , Jan. 18%/ Cumulative since mid-year June 29, i960 July 1, 1959 to to Jan. 18, 1961?/ Jan. 20, 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 - 49 - 16 - 46 +44i -242 -827 + - + 11 — 20 +168 - 91 + + 247 15 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business - 30 + 2 - 1 - 6 + 23 -167 +476 + 80 + 18 +361 + + + - 73 663 465 29 79 Classified changes - net Unclassified changes - net -132 - 28 +216 -355 +1,773 - 296 Net change in commercial and Industrial loans -160 -139 +1,477 jj>/ Preliminary - 594 48 129 CHANGES H COMCERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OP WEEKLY REPORTING MEMBER BANKS : BY INDUSTRY AND FEDERAL RESERVE DISTRICT, H.12(a) WEEK KHIffSn WEDNESDAY, JANUARY 1 8 , 1 9 6 1 San FranSt. Minne- Kansas New Phila- Cleve- RichI All Districts 5/ Boston Yoik delphia land mond Atlanta Chicago Louis apolis City Dallas cisco J>/ (In millions of dollars) 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 +1.2 - 4.3 4.4 -18.5 - 1 . 7 + 1,5 — .2 + + .1 + •5 .4 - + .2 + .5 - 2.6 - .1 - .1 — 8.3 + - .7 + + .3 - •3 .2 •3 +1.9 + .4 + .4 - 4.5 1.0 •9 - 2.4 .2 - .8 - 4.0 -1.5 +2.2 - .7 + .5 - 1.4 - 1.7 3-1 6.2 — .7 .8 .8 - .7 —1.9 + 1.6 ( r 2 - 9 ) ; 1:9 + *5 - .1 - .6 - 1.0 - 5.6 +1.8 + 3.4 + —1.1 —2.7 + .2 +10.4 - .1 - .2 + .1 - 2.9 + 3.2 —— —2.2 + .1 — .4 — 1.6 — .1 -1.0 — 1.4 + 2.7 - 2.9 — - *7 +3*1 - 1.5 + 4.7 + 1.3 + .1 — 2.1 — 8.7 + - 48.5 — l6.2 + .6 -23.6 - 1.7 - 3-7 - 7-7 .6 -2.7 —1*2 - 46.1 + 10.6 — 20.1 4.1 -25-7 — 2.0 + .8 +10.1 - .6 + .4 -14.7 - 1.9 -1.9 +3.2 + .2 -6) - 1.7 - 1 3 . 3 + 9*3 ~ *5 - 1.2 + 9*0 - 1.3 - 3*3 29 (- + 3*1 + .1 + .7 —— + + -5 - .6 + .2 + .5 -1.4 Commodity dealers + 1.9 Public utilities (including transportation) - .6 Construction - 5-9 All other types of business + 22.7 - Het change in classified loans l/ -131.8 +10.1 -55-3 - 9-6 r5-2 +1.7 -11.3 -25.7 - 8.7 + .4 + 2.8 -14.9 Unclassified changes - net - 28.2 - 4.1 -22.7 - 2.4 +3.2 -6.7 + 1.3 - +3.6 + 7-2 + Het change in commercial and industrial loans -160.0 + 6.0 -78.0 -12.0 -2.0 -5.0 -10.0 -26.0 -12.0 - .2 — 5*9 • 1.4 —— + .9 .3 -1-26.4 .3 - 3-3 .8 .5 .4 -16.1 .9 - 4.9 +4.0 +10.0 -14.0 -21.0 j>/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures 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 hold about 95 par cent of total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks. http://fraser.stlouisfed.org/ 4 4 Federal Reserve Bank of4St. ^Louis A * * A ' 4 4 a 4 4 A * 4 » f f A * A a < T * T 0 f 1 < ^ A
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