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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) July 5, 1961 GHABQES IK COMMERCIAL AMD INDUSTRIAL LOAMS BY IBBOSTRY Commercial and industrial loans increased a net of $54 million at weekly reporting member banks during the week ended June 28. The principal net increases were $97 million in loans to manufacturers of metals and metal products, $64 million to "other" manufacturing and mining concerns, and $42 million to unclassified "borrowers • The larger offsetting net decreases were $46 million In loans to manufacturers of food, liquor, and tobacco products, $4l million to public utilities, and $25 million each in loans to the wholesale and retail trade and to the construction industry. Changes in loans during the week and since year-end ax® shown below; the third column shows the changes during the comparable period last year. Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended . June 282/ Cumulative since year-end Dec. 20, 1950 Dec. 3°> 1959 to to June 28, 19612! June 29, i960 (in millions of dollars) ~ -46 -3 +97 -494 +177 -103 - 558 + •273 +1,062 -8 +64 + 81 +249 52 + 354 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business -25 +11 -4l -25 +18 -177 -325 <:. -338 + 55 +399 + 372 - 677 48 + 96 + 155 Classified changes - net Unclassified changes - net +42 +12 ,-476 £/+ 76 „/+• 977 £/+ 209 Met change in commercial and industrial loans +54 I/-400 l/+1,186 jo/ Preliminary Revised to eliminate adjustments in series since July 8, 1959) for mergers of " nonreporting banks with reporting banks. CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY ADD FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JUNE 28, 1961 H.12(a) Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade: Wholesale Retail All Dis- San FranSt. Minne- Kansas _ New- Phila- Cleve- RichBoston York delphia land mond Atlanta Chicago Louis apolis City Pall as leiaoo jj/ (In millions of dollars) -45.5 - 3-3 + .7 + 1.1 -34-7 +3»1 - 1.9 +1.6 ** 3 - °3 4" o2 -3*9 +97.3 8.0 + 1.7 * 2.7 +90.2 +2.i$A> + 1.6 - 1.2 + .4 + 1.8 +26.1 +2.3 +21.0 + .1 - 8.1 +63.8 J-25.^ - .1 +11.3 -5.5 -~ -14.9 - .3 " + / .5 60 3.7 1.2 - 3-9 - .2 - 1.2 +15.1 - .4 +1.0 ~ ol + .9 -2.3 - .1 - 1.2 + .7 " .7 -2.1 - .4 + 3.3 — o2 - 2.1 -12.3 +15.4 + .1 - .4 -1.3 -1.5 + .7 + -7 .2 3.6 5.6 + .2 - .3 — .7 - .8 - .2 •7 -2.0 -1.5 + .1 +1.2 +1.6 -1.6 .2 - 5-3 + .2 - .5 +1.0 1.5 +1.5 + -9 5.8 -544 -10.7 - .3 . + •3 -1.4 «2 - .7 ) 5.1 ) avail- +2.5 - .6 -2.0 + 1.2 -34.8 +2.6 - 9°3 +1.1 - 3.2 - 8.8 -6.5 + 1.2 + .1 +17.9 - 3.5 +28.8 -1.0 + 4.2 +3.2 2.1 - 5.7 -2.6 Net change in classified loans l/ +41.8 -14.2 +72.8 +7.0 +15.6 -2.3 -11.5 -;5>4 -4.1 Unclassified changes - net +12.2 + 1.2 + 2.2 +2.0 + 2.4 +1.3 + .5 - 6.6 + .1 -2.0 — .6 - .3 +12.0 Net change in commercial and industrial loans +54.0 -13.0 +75.0 +9.0 +18.0 -1.0 -11.0 -12.0 -4.0 -2.0 -6.0 -11.0 +12.0 Commodity dealers +10.6 - Public utilities (including transportation) -40.8 + 1.8 Construction -2k.7 - 4.6 All other types of business -5 +12.7 able 2/ 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.
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