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•pnAPTi Qp GOVERNORS OF TEDS FEDERAL RESERVE SYSTEM (For Immediate Release) 1.12 May 17, 1961 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY HDOB1RY Commercial and industrial loans decreased in seven districts and a net of *95 million at weekly reporting member banks during the week ended May 10, 19_ The principal net decreases were $60 million in loans to manufacturers of food, liquor, and tobacco products, $42 million to commodity dealers, $25 million to manufacturers of metals and metal products, and $22 million to public utilities. The largest offsetting net increase was $25 million in loans to the wholesale and retail trade. 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. Cumn1 »tlva since year-end Week endedb/ 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 -6o + 9 -25 Dec. 30, 1959 May 10, 1961* May 11, i960 to - 4 +25 -42 Classified changes - net Unclassified changes - net -90 -459 +163 - 99 +111 -22 p/ Preliminary to -527 +224 +824 - 64 +247 +324 -542 -177 + 70 + 90 +15 +14 -95 py (in millions of dollars) +144 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction a i t other types of business Net change in commercial and industrial loans b May IP*7 Dec. 28, I960 +469 r/+120 r/-346 r/+589 r/ Revised to eliminate adjustments in series since July 8, 1959, f° r mergers of ~~ nonreporting banks with reporting banks. (Over) H.12(a) CHANGES IN COMMERCIAL AND jJlliuSEHAL IOAHS OF A SAMPLE OF VRF3CT.Y REPORTING MEMBER BANKS BY IMDTSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MAY 10, 1961 - 59.8 + 8.9 - 25.2 + - Trade: Wholesale Retail -3 4.4 Phila- CleveSt. iMinne— 1 Kansas San FranAtlanta Chicago delphia land Louis apolis City JDallas cisco jP/ (In millions of dollarsJ + 2.3 -31.1 - .4 + 3.7 "f .1 + .4 - 1.6 + .2 + 1.0 + -5 — 1.8 - 7.0 +1.6 - 4.3 + .8 + 1.5 - 9.6 +1.4 OWN Manufacturing and mining? Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, BT"^ rubber Other manufacturing and mining Nev York si I All Districts 2/ Boston Business of Borrower + .5 - .2 — .2 + .1 + •5 -11.8 + 1.0 + .4 + .4 + 2.5 + 2.3 + .4 +2.3 - 5-9 -3.2 + .6 + .2 -1.2 - .2 +1-9 + -3 -1-3 + .1 + .4 + .1 + *3 - .1 + .1 + .4 - .2 -12.2 + +1.0 -7 - 2.6 + .2 - 3.4 - ) + 2.4 + 4.3 + 8.1 + 5*6 +1.1 +1.4 + 1.0 + .6 +5.5 + •3" •3 - 4.3 - .6 - .6 +1.5 + .2 + .8 - .1 Commodity dealers - 4l.8 + 1.0 -30.7 + .3 - 1.1 -2.8 - .8 + 1-5 +1.0 -2.2 -3.3 Public utilities (including transportation) - 21.5 - .6 - 4.1 - -9 — — - -5 - .8 -12.1 + .8 - .1 + .1 Construction + 14.5 + -5 + 1-3 +1.4 + .2 + .6 +1 .2 + 2.6 +1.6 + *3 + .7 + .6 + 3.5 All other types of business + 14.1 + l.l +12.3 + .2 — .2 - -9 -1.2 + 3-0 +1.8 - .1 + .7 -3.7 + 1.1 Set change in classified loans l/ - 89.8 +14.4 -59.4 +7-3 -12.2 +2.5 - .2 —21.8 +6.0 + .1 —2.8 -3.3 -20.4 Unclassified changes - net - 5.2 + 2.6 + 2.4 -1.3 + + -5 - .8 + 6.8 — — + .9 -1.2 + -3 -15.6 Het change in commercial and industrial loans - 95-0 +17.0 -57.0 +6.0 -12.0 W (+ ,flnal t ° t a l 8 V±11 appear ^ ^ 25 1 .2 - .2 ( 2) - 1.6 + .2 -1-7 - 3.0 (- .2, - 3.3 F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank, oTaS^eSJ To Z Z T -
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