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BOARD OF GOVERNORS CP THE FEDERAL RESERVE SYSTEM H.12 (for Immediate Release) March 8, 1961 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased a net of $43 million at weekly reporting member banks during the week ended March 1. Most of the categories showed increases during the week, but there was an offsetting net decrease of $73 million in loans to public utilities. 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 p y March IT Cumulative since year-end Dec. 28, I960 Dec. 30, 1959 to j to March 1, 1961—' March 2, i960 (in millions of dollars) +10 +17 -225 +103 - 1 +23 + 51 + 8 - 46 -231 +173 +419 - 51 - 10 + 4o -250 + 4o - 21 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business +10 +11 -73 + 28 - 8 -224 - 38 +36 + 87 - 31 Classified changes - net Unclassified changes - net +32 +11 -523 -117 - 27 -124 Net change in commercial and industrial loans +43 •640 -151 -274 - 91 jg/ Preliminary In addition to the -we^ily table, a monthly table is attached showing changes during February compared with the preceding month and with February i960, and also showing changes during the past twelve months. Most of the changes during February were in the same direction as in February i960. Loans to the wholesale and retail trade and to the construction industry decreased in contrast to increases a year ago; and loans to commodity dealer^ which decreased during February i960, increased during the current month. products ago. The increase in loans to manufacturers of textiles, apparel, and leather was the largest monthly increase in this category since February a year CHANCES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WFIEXI.Y REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MARCH 1, 1 0 1 H.12(a) 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 2 New All Districts £, BostonI York Phila- Clevedelphia land +10.0 +16.8 +3.6 -5.5 +12.0 + 7-5 - -7 +3.8 -1.6 +22.9 +1.1 + 7.5 + 3*6 +14.1 Trade: Wholesale Retail + 9-7 - -9 -1.4 + 4.4 Commodity dealers +10.8 -1.5 Public utilities (including transportation) -73-0 Construction All other types of business +17.0 +1.3 + .5 - .8 - .7 - -5 +1.9 San FranSt. IMinne- Kansas RichDallas cisco £/ mond Atlanta Chicago Louis |apolis| City | - 1-3 - .6 — 1.2 -3 *8 - .6 +1.6 - .2 +1.2 + -3 - .1 + .6 - 5-1 - 4.5 + 4.8 + «, 2 +1.9 + .6 +1.0 + .4 +1.0 - .3 - .2 +1.5 +1.1 - .2 +1-3 +1-3 +4.7 -l.l +1.5 - -5 -3 «8 + 1.1 +2.3 + .8 + .5 - .9 .1 - .1 - .1 -2.5 -3.3 +1.1 + + +1.5 + .6 — •! -4.7 + .8 -1.7 + -9 + .8 •3 + .1 - 3-3 -1.1 + .8 -1.5 + .1 +16.0 -3.8 -1.7 -36.8 -3-4 -3-5 - 2.4 —2.2 -18.1 - .6 - 7-5 -1.0 - 2.5 -5.6 - .9 + .7 + .6 - 2.4 + .8 .7 +3.5 +35-5 -1.2 +36.3 -2.9 + .9 + .3 + .1 + 2.9 +1.4 .2 -2.3 Net change in classified loans l/ +32.0 -8.5 +58.1 -3.9 -6.5 - 2.1 +1.2 - 7-0 -2.1 +6.6 +3.2 Unclassified changes - net +11.0 +1.5 - 1.1 -1.1 +3.5 - 7.9 - -2 + 5.0 + .1 +2.4 -1.2 Net change in commercial and industrial loans +43.0 -7.0 +57-0 -5.O -3.0 -10.0 +1.0 - 2.0 -2.0 +9«0 +2.0 -3 *8 + 5*8 +5.3 +1.5 •7 •3 +2.1 Hot -,) avail- ) x ( able -7-0 — -7-0 +10.0 +10.0 2 / Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank. 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. 8.12(b) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY EEPGBTING MBBBR BAHKB BY INDUSTRY Business of Borrower 4 weeks ended Feb. 22, 1961 4 weeks 4 weeks ended ended Jan. 25, 1961 Feb. 24, i960 (In millions of dollars) 12 months ended Feb. 22, 1961 Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including matihinery and transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and wining - 12.1 +115.5 -222.4 - 29 .O -IO8.9 +136.5 + 32.2 6.6 +126.0 - 36.4 + 42.1 -179.7 + 87.8 - 74.5 +259.4 - 37.2 + 63.3 + + + .1 91.4 249.3 Trade — - 16.4 -243.7 + 93-4 + 95.3 Commodity dealers + 4l.8 — 24.8 -120.3 + 79.5 Public utilities (including transportation) -119 -4 - 31.9 - 50.1 - 63.8 Construction - 12.3 - 17.9 + 26.9 + 113.3 All other types of business + 5.3 + 46.6 + 26.8 + 561.0 Net change in classified loans 1/ +134.1 -689.5 +289.8 +1,151.7 Unclassified changes - net - 36.1 - 91.5 + 27.2 - Net change in commercial industrial loans + 98.0 -781.0 +317.O +1,086.0 wholesale and retail 1/ See footnote cm preceding table regarding current coverage. 65.7
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