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BQABD OF GOVERNORS CP THE FEDERAL RESERVE SYSTEM
g.12

May 31, 1961

(For Immediate Release)
CTTAWOES IN COMMERCIAL AMD INDUSTRIAL LOANS BY THDOSTRY

Commercial and industrial loans decreased in all "but c a district and a
ne
net of $275 million at weekly reporting member banks during the week ended May 24.
All industrial classifications decreased except loans to the construction industry
which increased $8 million.
The larger net decreases were $63 million in loans to manufacturers of
food, liquor, and tobacco products, $42 million to public utilities, $30 million
to manufacturers of metals and metal products, $28 million to manufacturers of
textiles, apparel, and leather products, $27 million to manufacturers and producers
of petroleum, coal, chemicals, and rubber products, and $52 million to unclassified
borrowers.
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

Week
ended .
May 2 W

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

28

Net change in commercial and
industrial loans

-478
+155
-146

-573
+220
+894

27

+ 96
+108

— 26
+262

11
15
42

-150

63

30

6

8

+ 27
+302

+362
-583
-174
+ 71
+113

-223

,-638
I/+ 90

,+568
g/*136

l/-5k8

I/+703

Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
All other types of business
Classified changes - net
Unclassified changes - net

Cumulative since year-end
Dec. W, I9S0
28,
Dec. 30, 1959
to
May 25, I960
May 2k, 196lB/
_
(in millions of dollars

9

-

52

-275

-229

2/ Preliminary
r/ Revised to eliminate adjustments in series since July 8, 1959> for mergers of
nonreporting banks with reporting banks.




CHANGES IN COMMERCIAL AND INDUSDOAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BFDIBUBIBTAKD FEDBBRAL RESERVE DISTRICT,
C, MAT 2k, 1961

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

San F:
St. Minne- Kansas
New- Phila- Cleve- RichAll DisDallas elsooig
Ji
r
tricts £/ Boston York delphia land mond Atlanta Chicago Louis apolis City
(In millions of dollars)

- »7

+ -5
-1.6

- .7
+ .1

-1.2
- .1

-1.0

-l.l

- a
- .
5

+ "3
-1.2
- .4

- 62.5
- 28.1

o2 - 51-5
- 2.8 - 17.8

-2.5
+ .1

- -7 +2.2
—1.1 -2.5

+ .5

- 8.2
- 2.0

- 30.3
- 26.9
- 6.4

- .8 - 16.9
— 106
6.3
.3
- -7

+2.2
+ .
5
-2.1

-2.1 — .4
-3.8
+ . - .
5
3

+ "9
-3.3

-11.3
- 8.1
- 3-0

+ .4

Trade:
Wholesale
Retail

- 10.8|

+ .1 - 2.7
.6 - 11.1

™ .2

+ .7

- .2

— .1
+ 2.5

+ .7

— cl

- -5

- .8 + .5
+ .4 + .2

+ .1

+

- .7

- .
5

Commodity dealers

>
- 1A <6 - 2.1 + 1.8

-1.5

-2.1 -3-1

—1.4

- 5.6

-2.0

0

-1.0

Public utilities j

- 42.3

- 3.8

- 36.3

+1.1

+2.5

+ «3

+ .2

5.8

- .
9

+ .3

Construction

+ 7-9

+

+

3.3

+ «9

- .6

-3.0

+2.0

+ .6

+2.2

+2.0

All other types of business

- 8 .8 + 1 . 0

— 4.1

— .9

+ .2

+2.4

+ .7

4.0

+1.1

+ .1

+ .5

.3

- .4

- .6

— 06

- -3

-2.0

el

+ .1

Not

|+ .6
+2.5
+ .1
able
-5.8

Net change in classified loans l/

-222.8

-10.0

-141.9

-2.9

-7.6

-3.7

- .
9

-45.4

-2.7

-2.5

Unclassified changes - net

- 52.2

+5.0

- 28.1

- .1

+ .6

-2.3

- .1

+ .4

- .3

-3*5

+1.0

.8

—24.0

Net change in commercial and
industrial loans

-275.0

— 5 *0

.45.0

-3.0

-6.0

+1.0

-6.0

-24.0

—17 0 . 0

—3.0

— *0
7

—6.0 -1.0

.5.2

ja/ Preliminary; final totals vill 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.