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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

H.12

March 15, 1961

(For Immediate Release)

CHANGES IS COMMERCIAL AMD UnXJSIRIAL LOAMS BY THD05TRY

Commercial and industrial loans decreased in most districts and a net of
$33 million at all weekly reporting member banks during the week ended March 8.
She principal net decreases were $44 million in loans to manufacturers of food,
liquor, and tobacco products and $23 million to public utilities•
The larger offsetting net increases were $20 million in loans to manufacturers of textiles, apparel, and leather products and $15 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.

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

Cumulative since year-end
Week
Dec. 28, I960
Dec. 30, 1959
ended
,
to
.
to
March 82/
March 8, 1961W
March 9, i960
(in millions of dollars)
-a
+20
+11

-282
+124
- 37

-307
+194
+463

- 8
+11

+ 4i
+ 5

- 57
+ 70

Trade—whole s ale and retail
Commodity dealers
Public utilities and transportation
Construction
All other types of business

+ 8
+ 5
-23
- 5
+15

-229
+ 30
-246
- 48
+115

+ 51
-298
-127
- 17
- 22

Classified changes - net
Unclassified changes - net

-11
-22

-528
-133

- 50
- 90

Net change in commercial and
industrial loans

-33

-661

-i4o

jd/ Preliminary




H.12(a)

CHANGES IN COOffiRCIAL AND INDGBTOIALJDOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH 8, 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, chemicals, and rubber
Other manufacturing and mining
Trade:
Wholesale
Retail

|AU DisNew Phila- Cleve- RichSt. Minne- Kansas
San Frantricts 2/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco }>/
(In millions of dollars)
-44.3
+19.6

+ .5

-4.0

+15-1

+11.1
- 7-8
+11.1

-2.6

- .7

+12.4
- 6.0
+ 5.2

+ .2
+2.1

+ .1
- 3.3

1 6

e-}

-28-7

-1.8
+1.8

+2.6
+ .1

- .6
+4.2

- .9
- .4

- 4.4
+ 2.1

- 3.4
- 1.6

-6.9

+ .2
+ .1
+ .5

+ 4.5
- 4.8
+ -3

+

.4

+3.3

+ -7
+ .5
+ -5

-

.1

+ .4
+1.0

+1.2
+1-3

+ .2
- -5

- .8
- -5

1.5
•3

Commodity dealers

+ 4.6

+ -7

+22.4

+ .1

-1.0

- .6

-1.6

+

Public utilities -(including transportation)

-22.8

—1.2

-19.7

- .5

+1 - 6

- .6

+ .1

+

Construction

- 5-4

- .6

- 1.0

+ .3

-TT .1

+ .5

- 4

Hb .2

- fr-3 - .1

CL

+I08

.±12.

All other types of business

+ .2

Net change in classified loans l/

-11.3

-5=4

- 7.8

+1,4

+2 o 4 +3.2

-1.0

+ 5 7

Unclassified changes - net

-21.7

• .6

- 2.2

+ .6

-2.4

+2.8

-2.0

5-7

Net change in commercial and
industrial loans

-33.0

-6.0

-10.0

+2.0

+6.0

~3 »0

-

-1.1
+ .2
+ .3

+ -5
+1.3
+ -5

- 6.3
+ 2.1
.4
+ 2.0

+ 2.6
-

.1
.1

.4

+ .5

+ .1
- 2.0

-l.l

+1-3
-

-11.6

- .3

-3.1

- 4.0

2.8

+ ol

- .9

-

2.0

- -3

-1-3

+ 1.3

+

- -9

+ .2

+.,6.9

-18.0

-1.7

-2.4

+ 8.9

+ 3.4

• .3

- .6

+ 1.1

-12.4

-2.0

-3.0

+10.0

- 9.0

•3

-18.0

( + o 4) +3-0
( 5 ) + 3.3

.1

JB/ Preliminary; final totals vill appear in the F. R. Bulletin and San Francisco District final figures appeal* in a release of the Reserve Bank.
l/ About 20C 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
commercial banks.