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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) May 2k, 1961 CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY Commercial and industrial loans increased in seven districts and a net of $80 million at weekly reporting member banks during the week ended May 17> 1961 • The principal net increases were $37 million in loans to manufacturers of food, liquor, and tobacco products, $21 million to manufacturers of textiles, apparel, and leather products, and $71 million to unclassified borrowers. The larger offsetting net decreases were $25 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $20 million 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 , May 1?%/ Cumulative since year-end Dec 30, 1959 Dec 28, i960 to to / May 17, 1961— May 18, i960 196l-// (in millions of dollars) -512 37 21 15 -424 +184 -112 +835 25 5 +120 +113 - 4 +264 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction ait other types of business 7 13 20 15 3 -143 -211 -282 + 17 +308 +373 Classified changes - net Unclassified changes - net 9 71 -431 r/+158 +618 r/+l42 + 80 r/-273 r/+ 760 Net change in commercial and industrial loans +230 -568 -197 + 74 +122 j>/ Preliminary r/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of """ nonreporting banks with reporting banks. CHANGES IN COMMERCIAL AND INDOBBtlAL LOANS OF A SAMPIS OF VEHCLY REPORTING MEMBER BANKS BY INDBBORY AMD FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MAY 17, 1?61 H.12(a) Business of Borrower San Fran^ a 8 |elsoo jj7 - *1 -1.3 - .3 — e1 + 1.8 •3 4- .2 -4.9 - .4 +1.8 - .7 - .2 + + -1.4 + .1 r "9 -5-7 -7.7 + 1.9 -2.9 -1.8 - .1 — .2 -2.4 — .2 4 .2 - .4 - .1 - .1 + .4 +1.1 +2.7 +1.6 + .7 + -7 + .8 + .9 -1.3 +1.6 -4.8 +6.5 -1.1 4 + -3 -6.4 + 9.8 +6.9 -2.3 -3.5 -3.8 4-8.2 -5.9 4 9.0 -8.8 -6.9 +2.4 +17.2 +2.1 I Not + 1.8 + .2 +7.5 + .8 -3*2 + .9 4 3.0 +3.8 + .9 +37-0 +9.0 +27.0 +9.0 -4.0 +4.0 -3.0 +5.0 -5-0 +12.0 -5-0 -6.0 +37-0 +37-4 +21.2 +2.3 +2.0 +35-6 + 3.0 - .6 +1.5 + .2 + .6 -2.4 +5-3 -l.l + .8 +3.3 +1.1 *2.4 +6.5 -15.1 -24.8 + 4.9 +2.7 +1.2 -1.5 -12.7 -25.4 + -3 +1.3 + -3 +1.2 -3-9 +1.0 +1.2 + .8 +1.0 + .6 + .6 + .5 + .1 —2.8 +1.6 +2.1 |+ 6.8| +2.1 +2.7 + 7.1 + 2.0 + .1 + .2 + .6 - .6 «1 -7-7 - .2 + .3 Commodity dealers -12.7 -2.6 +13-5 -1,1 -2.3 -2.9 - Public utilities (including transportation) -19.7 - .4 -17.9 - .7 +2.5 Construction +14.6 + .1 + 2.8 +3-8 All other types of business - 3-3 -2.0 + 1.5 Het change in classified loans l/ + 9-3 +6.6 Unclassified changes - net +70.7 Het in commercial and industrial loans +80.0 Trade: Wholesale Retail Da OH Manufacturing and mining: 7oodf liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, ohnicals, and rubber Other manufacturing and mining St. Minne- Kansas New Phila- Cleve- RichAll Dla- . trlcts Jg/ Boston York delphia land mond Atlanta Chicago Louis apolis City (In millions of dollars) .9 •3 + -7 + .3 «B»«•» -1.6 +1.7 < s) -5) avail- able j>/ 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.
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