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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 2.12 (For Immediate Release) June 28, 1961 CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY Commercial and industrial loans increased in all but one district and a net of $186 million at weekly reporting member banks during the week ended June 21, continuing to reflect quarterly tax date needs. Except for decreases of $27 million in loans to commodity dealers and $1 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, all categories showed net increases. The larger net increases were $65 million in loans to manufacturers of food, liquor, and tobacco products, $22 million to "other" manufacturing and mining concerns, $20 million to public utilities, and $33 million to "other" types of business 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. CwMt*tive since year-end Business of Borrower Manufacturing and wining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended J June 21x! Dec. 28, i960 Dec. 30, 1959 June 21, 1 9 6 ^ June 22, i960 (in millions of dollars) + 65 +15 + 18 -454 +182 -202 + - 1 + 22 + 89 +184 37 + 365 + + + + 13 27 20 18 33 -147 -335 -301 + 77 +385 + Classified changes - net Unclassified changes - net +177 + 9 -522 r/iil + r/+ Net change in commercial and industrial loans +186 r/-451 r/+l,l49 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction AII other types of business - 557 262 +1,069 365 - 659 80 + 86 + 139 952 198 jo/ Preliminary. r/ Revised to eliminate adjustments in series since July 8, 1959> for mergers of ~~ nonreporting banks with reporting banks. rmAveaea TH llF»Mgmr.TAX. AND TMDOB'BRIAL LOANS OF A SAMP1E <g WFWCT.T REPORTING BY IHDUBDGr AHD FEDERAL RESERVE DISTRICT, WEBC ENDED WEDNESDAY, JUNE 21, 1961 H.12(a) All Districts 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 (In millions of dollars/ + 64.5 + 15.4 - .9 - .3 +20.0 -* o2 + 4.6 + .5 + 8.1 + 3.4 + •3 4* 1.8 + -3 - e1 + 17.7 -7 +4.6 +25.0 + .7 + 2.5 + 1.7 + 2.0 2.3 +1.0 - .3 + 21.8 - 3-0 + .7 +1.4 +11.6 +2.1 + .6 (+ 13.o] +2.1 + 5*0 - .7 - 4.1 - .1 + 32.0 + 2.7 +1.7 18.7 + -3 • 1.0 +1.4 + .9 + + + .8 ,f 2.0 2.4 +1.3 — .1 + + * — .6 ** .7 + +4.7 + + .5 -1.1 .9 — — + + .7 .3 + .2 + .4 + .7 — .1 - 1.5 + .8 + .2 + .5 •5 — .1 + .4 - 1.1 +1.0 L 0 c) avail- .8 + .5 C c.O\ 4.8 -2.6 + 3-2 + .3 - 4.0 4.9 4.9 - 2.7 * 1.4 Commodity dealers — 26.9 -I.9 -13.5 -3*6 - .7 - •5 + .1 - Public utilities (including transportation) + 20.4 - -3 +12.3 - .4 - 2.7 — .6 + .6 + .9 +1.7 + 6.1 + .9 + 1.9 Construction + 18.2 +1.8 + 2.8 +5.6 + 1.2 - .2 +1.0 + 4.2 - .7 - .1 + .4 + 2.2 All other types of business + 32-2 —1,4 + .9 + 2.1 + 3.4 -2.0 - 1.7 + .9 + 1.0 + .7 + He* mhamg* in classified loans _l/ +176.6 +5-4 +8I.7 +5.5 +13.7 4* 5.3 +4.4 + 28.9 +6.9 + 9-1 +3.9 +11.8 Unclassified changes - net + 9-4 +2.6 - 2.7 +2.5 + 5-3 + 5.7 - .4 + 7.1 + .1 + 2.9 +4.1 + get nYtmngm in commercial and industrial loans +186.0 +8.0 +79.O +11.0 +4.0 + 36.0 +7.0 +12.0 +8.0 +19.0 Not +8.0 2.9 able 8.3 - - .2 —18.0 +12.0 -18.0 Jg/ xTejjmnuyj Iinai wweaB WIUL 1U wuc Jf* «• BUd-fcwvau ouu. u«u l/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 P® r 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 of^ St.•Louis - A. A k * 4 J A_ ^ p ^ i a i a jA.
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