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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.
