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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM May 3, 1961 (For Immediate Release) H.12 CHANGES IN COMMERCIAL AM? IKDUSTOIAL LOANS BY IHBOSTRY Commercial and industrial loans decreased in most districts and a net of $134 million at weekly reporting member banks during the week ended April 26, 1961. All industrial classifications decreased except for increases of $18 million in loans to "other" types of business concerns and $6 million to the construction industry. The principal net decreases were $57 million in loans to manufacturers of metals and metal products, $29 million to the wholesale and retail trade, $28 million to manufacturers of food, liquor, and tobacco products, and $27 million to manufacturers of textiles, apparel, and leather products. 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 , April 26^' Cumulative since year-end Dec. 28, i960 Dec. 30, 1959 to Apr. 26, I96I—/ Apr.. 27, i960 (in millions of dollars) - 28 - 27 - 57 -407 +137 - 94 -517 +215 +758 - 5 - l4 +138 +101 - 36 +209 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business - 29 - 19 - 9 + 6 + 18 -207 -146 -248 - 21 +289 +274 -507 -100 + 4o + 78 Classified changes - net Unclassified changes - net -162 + 28 -458 + 16 +413 + 60 Net change in commercial and industrial loans -134 -442 +473 j1/ Preliminary CHANGES IN COMMERCIAL AND INDU82RIAL LOANS OF A SAMPLE CF WBHKLY REPORTING MEMBER BATO0B BY INDUBraY AND FEDERAL RESERVE DISOBIGT, ENDED WEDNESDAY, APRIL 26, 1961 H.12(a) Business of Borrower San FranSt. Minne- Kansas New Phila- Cleve- RichAll Dis- . Chicago Atlanta Boston DallnBleigpo 2/ apolis I City Louis mond delphia land York tricts Jg/ (In millions of dollars) 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 27.9 26.9 + .2 — 22.5 -2.8 - 21.4 + *3 + - .4 + .8 .1 — .8 -1.8 -1.1 —1.1 -- — 1.9 - .1 —1.6 - .5 — .1 -- — .6 + .1 — .6 - • 1 Not 56.5 4.5 13.5 -1.2 - 26.6 + .9 - 4.0 +1.1 - 7.6 - .3 -11-7 + .4 + 1.4 +3.9 - 1.9 +1.4 -1.7 + -3 - .6 - .2 + .4 - 8.9 + 3.1 -12.5 + .5 - .5 + .7 -6.1 — + .8 -1.8 -1.0 - .1 -1.2 -2.9 +1.4 + -3 - 4.6 [- 29.0] - .3 - 13.1 - .2 - .4 - 2.2 +1.6 + .4 - .5 - 2.2 - 7-7 + .6 +1.0 - .6 - .5 1 2 (- - ) avail- Commodity dealers - 18.9 - -5 - 10.3 -1.0 - .6 - .9 + -3 - -5 -2.2 +2.1 —2.8 -2.5 Public utilities (including transportation) - 8.7 -1.2 - 5.1 +1.0 + .2 + .4 -1*0 + -7 -1.5 - .2 -1.4 - .6 Construction + 6.1 + .8 + 2.9 +1.2 - .6 -1.8 + .6 + 3-0 + .1 +1.1 -1.2 All other types of business + 18.0 + .1 + 9.3 +2.1 + .2 +1.3 -1.9 + 8.4 -2.7 - .2 - .6 +2.0 Net change in classified loans l/ -161.8 -2.6 -103.0 +6.6 -14.3 -2.9 -3.6 -l8.6 -6.1 -4.8 -5.6 -6.9 Unclassified changes - net + 27.8 -2.4 + 10.0 +1.4 - .7 -2.1 + .6 + 4.6 + .1 + .8 -2.4 - .1 +18.0 Net change in commercial and industrial loans -134.0 -5.0 - 93.O +8.0 -15.O -5-0 •3-0 -14.0 -6.0 -4.0 -8.0 -7-0 +18.0 — — able 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.
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