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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.