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For immediate release July 19, 1961 H.12 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS EI INDOBTRY Commercial and industrial loans decreased in most districts and a net of $66 million at weekly reporting member banks during the week ended July 12. The principal net decreases were $53 million in loans to manufacturers of food, liquor, and tobacco products, $25 million to manufacturers of metals and metal products, and $22 million to public utilities. The larger offsetting net increases were $17 million in loans to the construction industry, and $12 million each to manufacturers of textiles, apparel, and leather products, and to "other" manufacturing and mining concerns. 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 . July 12E/ Cumulative since year-end Dec. 28, I960 Dec. 30, 1959 to . to July 12, 1961B/ July 13, I960 (in wriTHrm* of dollars) -53 +12 -25 -543 +188 -212 -630 +281 +908 +11 +12 + 40 +251 -113 +393 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction Ail other types of business + 7 -22 +17 - 2 -171 -320 -354 + 56 +405 +339 -678 - 49 + 96 +182 Classified changes - net Unclassified changes - net -43 ^23 .-66O £/+ 43 ,+731 17+184 Net change in commercial and industrial loans -66 1/-617 V+915 2 / Preliminary r/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of ~ nonreporting banks with reporting banks. v CHANGES IN COMMERCIAL AND nnXJSTRIAL LOANS OF ASAMPIS OF WEQELY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK Tgwnwn WEDNESDAY, July 12, 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 New PhilaAll Districts £/ Boston York delphia C S r l mo£d" |Atlanta|Chicago | | ^ l i s ^City* | Dai:i&s [ c l s o o ^ (In millions of dollars) +1.0 - .1 + .1 Not -3-0 + .1 + 2.4 + .5 -2-3 + + •3 +1-5 - 1.2 —2.4 +1.2 — .3 - .2 -2.8 + 2.7 +1.3 + 1.8 - .6 -1.2 + .6 (-1.5| -1.7 -1.3 —— +4.6 +1.9 +3*6 - -7 +1.0 + .6 + .3 + l.l + 4 + .8 + .9 — .2 + 1.1 +2.0 +2.6 +5.6 + 3*4 +1.0 + .2 -1.2 .1 -2.2 - 2.4 1.1 - .8 +3*3 h 6 .5 - ? Net change in classified loans l/ - 7.0 -43-8 -5.5 -17-9 -6.1 - .6 +4.3 +22.7 +5-7 +7-4 -2.3 Unclassified changes - net — 4-0 —2.5 — .1 +1.1 — •4 - .3 - .7 -1.7 +1.6 + .3 -15-0 -8.0 -18.0 -5.0 -1.0 +4.0 +22.0 +4.0 +9-0 -2.0 -15.0 -52.6 +12.2 -47.2 1.9 + 7.7 -1.0 - .8 + 1.2 +1-5 -2.0 + -5 -25.2 - 6.5 + 4.3 +10.0 -3-6 - .4 +1.7 -11.8 -1.2 + -5 -1.7 - 2.5 -1.1 -1.8 + 1.6 + 5-8 .5 + .8 + .1 + .3 + .6 -1.3 + .4 3.6 - 3-5 +1-5 - .8 9.8 -17.7 + -7 Construction — + 2.4 All other types of business 3.1 + Trades Wholesale Retail +10.7 +11.5 (* 7'S Commodity dealers Public utilities (including transportation) Net change in commercial and industrial loans -21.7 -66.0 — 1.2 -11.0 -45-0 -3-9 —— -1.6 +1.8 + 2.0 + .4 .1 +1.4 • 7 + .2 - 2 *6 - -5 +1.2 + .1 — •1 - .9 +3.3 +1-5 ~ 1 _ -3>7 t *T * aVail able 2/ 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 20C 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 * n weekly reporting member banks and about 70 per cent of those of all commercial banks. "
