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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g.12 (For Immediate Release) June 21, 1961 CTTAWO^ IK COMMERCIAL AND INDUSTRIAL LOAMS BY IBDOSTRY Commercial and industrial loans increased in all but one district and a net of $358 million at all reporting member banks during the week ended June l4, which, reflected quarterly tax date needs. Except for a decrease of $4 million in loans to commodity dealers, all categories showed net increases. The larger net increases were $%1 million in loans to public utilities, $4-9 million to manufacturers of metals and metal products, $36 million to other manufacturing and mining concerns, $65 million to "other" types of business concerns, and $43 million to unclassified borrowers. 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. Cumulative since year-end Week ended 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 June 1 W , Dec. 28, i960 to , June 14, I961B' Dec. 30, 1959 to June 15, i960 (in millions of dollars) - 561 + 260 + 19 + 27 + 49 -520 +167 -230 + 28 + 36 + 89 +162 + 330 Trade--wholesale and retail Commodity dealers Public utilities and transportation Construction Ail other types of business + 12 -163 + 368 + 65 +352 + 129 Classified changes - net Unclassified changes - net +315 + 43 £/+ 79 £/+ Net change in commercial and industrial loans +358 -/-637 if+1,065 j>/ Preliminary - 4 + 71 + 14 -307 -323 + 56 -716 +1,055 - + 27 648 90 77 + 892 173 r/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of ~ nonreporting banks with reporting banks. H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEKLT REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JUNE 14, 1961 Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles> apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chmicals, and rubber Other manufacturing and mining Trade* Wholesale Retail San FranSt. Minne- Kansas |AH Dis- . New Phila- Cleve- Richtricts jg/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas eiseo £/ (In millions of dollars) 1.3 .6 + .7 +3 »7 + -7 3.2 .5 +4.2 + .2 + .3 .2 .4 + 1.4 + .2 4 .1 + 3-1 + 1.0 22.8 + 2.2 + 3.6 .2 4.3 4 * 4.1 13.0 5-9 + .8 -1.5 -3.8 + .5 + 6,1 + .8 + 3-4 — .1 + 7»7 +2.4 + .2 + .2 + 2.0 + 2.7 + .8 + .2 + •9 + .2 + 7.0 + .8 •5 + 3.0 •7 + 4.6 2.4 1.6 - .7 +5-3 - .6 -3.2 + .6 + 1.2 +1.1 - .5 + 1.5 + 2.5 + .1 ( + .2 C 6.3 6) .6) + 2.5 .1 -2.0 - -5 + 2.5 -3.1 + 3.1 -3 .2 + .2 - • 7 + 4.7 +1.4 +3-9 + 9.3 + .4 + .6 + .4 .4 + •9 .2 + •9 + •7 + 18.9 + 26.6 + 2.2 + 12.6 - .8 + 4*4 4 14.0 + 1.2 + 48.7 + 27.5 + 36.4 + + 4*2 + 4" 3^7 4 ,2 + 11.1 >+ 11.9) + 1*5 ++ 3*2 + 1.2 5.8 - - *3 + 3.5 + 70.5 4 •7 + 47.9 + Construction + 13.6 - •5 4* All other types of business + 64.5 - Bet change in classified loans l/ Commodity dealers - Public utilities (including transportation) 3-8 - •9 .6 + 1.3 4 + .5 - + **• — - 2.8 4 1.6 +1.3 +2.9 + 1.0 -1-1.5 — 4 3-4 +1.0 +1.8 + 7.4 - .1 + 1.5 + .4 + 1.9 + 2.8 +314.8 +13.3 +180.4 +14.6 +17.6 +6.2 +6.7 +36.5 +6.5 +14.4 - .2 +10.0 + 8.8 Unclassified changes - net + 43.2 + + 5 *4 -5.2 + *3 + 8.5 — *5 •• 2 . 4 + .2 + 1.0 +25.2 Net change in commercial and industrial loans +358.0 +14.0 +188.0 +17.0 +23.0 +1.0 +7.0 +45.0 +6.0 +12.0 +11.0 +34.0 .4 4- 4*0 1.6 + 46.1 .7 + - .1 7*6 + 2.4 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, 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. http://fraser.stlouisfed.org/ Federal Reserve Bank 1 of St. Louis ^ J * « a A A ± » 4 * A * * fc A . e. a, a » * * ' * & ' * k «• » x
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