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pnAPn OF GOVERNORS OF TSE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

June 7, 1961

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY
Commercial and industrial loans decreased a net of $107 million at weekly
reporting member "banks during the week ended May 31, 1961.
The principal net decreases were $30 million in loans to public utilities,
$21 million to commodity dealers, $18 million to "other" types of "business concerns,
and $15 million to manufacturers of metals and metal products.
Loans to the construction industry increased for the eighth consecutive
week; the current weekly increase amounted to $13 million.
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 .
m y 3l£/

2
11
15

Cumulative since year-end
Dee. 20, 1900
Dec. 30, 1959
to
to
v
May 31, 196lS/
June 1, i960
ll k r
cj
U UXL'
(in millions of dollars)

-kSl
+lk$

-536
+222
+878

-161

+ 86

12

+120

- 35
+261

6

+355
-585
-159
+ 54
+123

k

Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
ait other types of business

21
30
13

18

-162
-255
-360
+ 39
+281

Classified changes - net
Unclassified changes - net

78
29

,-7^7
I/+ 70

E/+S

-107

I/-677

lZ+709

Net change in commercial and
industrial loans

j > Preliminary
j/
xj Revised to .eliminate adjustments in series since July 8, 1959> for mergers of
nonreporting "banks with reporting "banks.

4

4




CHANGES IN COMMERCIAL AND USDUSffilAL LOANS OF A SAMPLE OF WEHCLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTOIGT,
WEEK ENDED WEDNESDAY, MAY 31, 1961

H.12(a)

Business of Borrower

A H Dis-

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

2.1

+

.2

+22.0

11.1

+1.1

- 4.6

-1.9
- .8

l4.8
4.0

- .2
+4.4

- 2.0

- .9

- 3-1

12.0

(^

+3.3

+

+

- .5

- 2.1
- .1

6.0)
U.V

San Franciseo £/

St. Minne- Kansas
Phila- Cleve- RichNew
Boston York delphia land mond Atlanta Chicago Louis apolis City
(In millions of dollars)

3-5

.2
.1

+2.2

- 1.6

+ 1.0

-

.6

- .9
- 2.7

+ 1.1

— .2
.2

.3

- 3 *0
+ el

- 1.0

- .2

+

.1

-

-

Not

+

•5

- 3«3

- 4.3
- 5«o

+

- 1.0

•*

.2

- 1.2

-

- 1.0
+
.8

+3"3
-1.0

+

.5

- .1
+ .1
+ .2

-

- 5.3

- 1'9

-10.3

- .5

- .6

.2

+

.5

+

+ 1.0

-

*3

- .3

.5

+ 1.1

+

-3

-2.1

+

.1

-

*2

- .7
- 1.2

+ .
6

-1.1

- 1.9

+ .9
+

+ .
1

- 6.7
-

-7

-12.9
- 3.4
+ 4.6

.1

+ .6
+ 2.5

+

.2

- 3-0

-

.1

+

.1

—

+

.7

- .2

+
(

(
)-

.1

•3

, ) avail

.4j

Commodity dealers

- 21.1

-

»3

-

Public utilities (including transportation)

- 29-5

-

.4

-21.6

-3-7

- 4.6

-

Construction

+ 12.6

+ .2

+13.7

+ .3

- 1.0

- •!
f

- .5

+

All other types of business

- 17.8

-4.7

-l4.6

+1.7

+ 2.5

-

.4

+ 8.8

- 1.9

— 1.4

—2.6

-5.2

able

Net change in classified loans l/

- 77.6

+3*1

- 9*6

-2.5

-11.6

- 1.4

+2.3

-14.7

-12.7

-14.5

—7 • 6

—8.4

——

Unclassified changes - net

- 29.4

-2.1

- 4.4

-1.5

-

3.4

-10.6

+ .7

- 9-3

+ 1.7

- 2.5

+.6

-.6

+2.0

Net change in commercial and
industrial loans

-107.0

+1.0

—14.0

—4.0

-15.0

—12.0

+3 *0

—24.0

—11.0

-17.0

-7.0

-9.0

+2.0

.7

.4

.1

j > Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank.
j/
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.