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FEDERAL

*******
Of 60k

statistical

RESERVE

release

For Immediate release
November 8, 1961
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

H.12

Commercial and industrial loans increased in most districts and a net of
$175 million at weekly reporting member tanks during the week ended November 1. The
principal net Increases were $58 million in loans to manufacturers of food, liquor,
and tobacco products, $39 million to the retail trade, $29 million to commodity
dealers, $24 million to manufacturers of transportation equipment, $15 million to
transportation, communication, and other public utility companies, and $46 million
to "all other" types of business concerns.
The larger offsetting net decreases were $36 mill ion in loans to manufacturers of machinery and $19 million to manufacturers of textiles, apparel, and
leather products.
Changes in loans during the week and since mid-year are shown below; the
third column shows the changes during the comparable period last year .

Business of Borrower

Cumulative since mid-year
June 29, I960
Week
June 28, 1961
ended .
to
.
to
Nov. 12/
Nov%__lj_lg6lE/ Nov. 2, I960
(In millions of dollars)

Durable goods manufacturing:
. Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods
Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

36)

1/-424

1/-604

12

1/- 72

l/ n.a.

+ 58
- 19

+356

24)
3)

+ 2)
;

i>

Mining, including crude petroleum
and natural gas
Trade:

Commodity dealers
Other wholesale
Retail

Transportation, communication, and
other public utilities
Construction
All other types of business,
mainly services

+4l6

-138

- 82

1/- 54

1/-155
y-

y

36

n.a.

, i/+ 6

1/+201
+ 29
+10
•+ 39

+239
+170)
+115)

+335
+198

+15
+ 4

+ 86
+ 59

- 59
+ 9

+ 46

+202

+197

Net change in classified loans
Unclassified changes - net

+166
+ 9

Net change in commercial and
industrial loans

+175

+361

r/-351
+283

£/+ 10

1/ Because of reclassifications as of September 27# 196l, many categories are not
strictly comparable with prior data; cumulative changes shown for other durable
and other nondurable are f l m September 20, 1961.
2/ includes decrease of $135 million resulting frcm reported •^classifications
disclosed incident to the revisions as of September 27, 1961 •
p/ Preliminary, n.a. - Not available.
xj Revised to eliminate adjustments in0 series since July 8, 1959#

nonreporting banks with reporting banks.


for

mergers of

r
1

In addition to the weekly table, a monthly table appears below showing
changes during October 1961 compared with the preceding month and with October i960,
and also showing changes during the past twelve months.
Loans to manufacturers of textiles, apparel, and leather products showed
the largest monthly decrease since the series was started in 1951*
Although most changes during October were in the same direction as in
September, the total net increase in commercial and industrial loans was small
compared with the preceding month when there were the usual large borrowings to
pay quarterly income taxes. The current net increase, however, was in contrast to
a decrease during October i960.

Business of Borrower

12 months
4 weeks
4 weeks
4 weeks
ended
ended
ended
ended
Oct.25, 1961 Sept.27,1961 Oct.26, I960 Oct, 25,1961
(In millions of dollars)

Durable goods manufacturing:
Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods

+
-

Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles,.apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

+141.8
-167.2
+ 35.5)
- 28.4)
- 28.3

Mining, including crude petroleum
and natural gas

+169.5

1/-260.7

1/-566.1

1/ n.a.

1/ n.a.

1/- 50.9

+157-7
- 29.0

+212.1
-160.2

+ 25.3
- 89.8

l/+ 42.0

1/+ 25.7

1/+ 43.8

l/ n.a.

1/ n.a.

1/- 28.3

1/+

2.7

l/- 41.0

1/+352.7

it
ON ON
H O O

1/+ 23.7

- 36.2

+175-2

+ +

6.9)
76.5)
15-8)
30.9)
50.9

+ 91-1

+125.2

+ 94.7
(-170.1
(+ 77-1

+ 23.7
+ 11.4

+192.9
+ 17.4

-198.7

- 63.7
+108.4

+ 26.5

-

1.7

+ 60.4

+712.1

Net change in classified loansl/

+236.4

+460.6

- 62.0

+445.2

Unclassified changes - net

-164.4

- 71.6

r/- 51.0

r/-199-2

Net change in commercial and
industrial loans

+ 72.0

+389.0

r/-113.0

r/+246.0

Trade:

Commodity dealers
Other wholesale
Retail

Transportation, communication, and
other public utilities
Construction
All other types of business,
mainly services

1/ see footnote on following table regarding current coverage and footnotes on front
page regarding comparability with prior figures.




d-12(a)

CHANGES IB COMMERCIAL AND INDUSTRIAL LOANS CP A SA2-ZFLE OF iSSKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, wEEK ENDED WEDNESDAY, NOVEMBER 1, 1961
All DisNew
Phila- Cleve- RichSt. Minne- Kansas
San FranBusiness of Borrower
tricts 2/ Boston York delphia land
mond Atlanta Chicago Louis apolis City Dallas cisco e/
(In millions of dollars}
Durable goods manufacturing:
Primary metals
•- - 2.0 + .2
- .4 + .6
+ .7
•3 -1.3 + .1 + •9 + 1.5
Machinery—10.6 - 2.4 + .1 + .2 - •9 + 1.9
35-7 - •3 -21.3 - .3 -1.6 - .5
Transportation equipment
— •»
23.7 + .4 +13.2 + .6 -1.2 + .4 + 1.5 +10.1 - .2
.1
1.0
Other fabricated metal products
2-5 - •9 + 3-9 +1.4 - .9 -1.4 + -5 - .6 - -3 - .2 • + .6 + 1.6 - 1.2
Other durable goods
+ .1 + .2 + .1 - 5-9 - .4 +1.2
11-5 - .2 - 4.4
-+ •5 - •7 - 2.0
— —

— —

•

Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles, apparel, and leather
Petroleum refining
Chemicals and rubber
Other nondurable goods

+
+
+

Mining, including crude petroleum
and natural gas

+ 7.3 +

Trade:

Commodity dealers
Other wholesale
Retail

58.3
19.3
1.7
4.1
-9

+ 29.O
+ 9.8
+ 38.6

- 2.0 +38.6
+ .9 -12.9
+ 3*8
+ .2 - 2.0
- 1.1 — 2.6
.8 + 7.8

+ l.o

+ 5*3

- 2-5 + 1.8

+ .4
-3-4

+1.1
- -5

+2.4
-1-5

+ .6
+ .9

+ .6

+ .2
-2.3

+2.2

•2

+2.3

+ .2

+ .1

- .4

- "7
- *2

+ "3

+ 1.2
+

+

-

.1

.1
.8

+ 3-4
- 1.7
- 1-9

+ 4.0
- .7
+ -3
+ 1.0

-5

- 3.2
+ 6.5

— .2

•5

- 1.1

+3.2
+1.0

.4

.1

+10.7

.1

- 1.8
+ 1-5
+ 3 *6

-

-

.1

+3-2
- .4
- .4
+ .2
-

*1

— 1.8

+
+
+
+
+

7 *6
.2
-3
1.1
1.6

-

.2

- .1

— 1.6
+ -7

-

- 1.0

*2

- .2

-

.2

- .1

—1.8

+

.6

+ 1-3
- 1-3

- .2
- -3
+1-5

+3.3
+ .9
+ .9

+ 6.1
+ 1.9
+ .2

+ 5.1

- 1.2

+26.7

+1.8

- •!
- <9

Transportation, communication, and
other public utilities

+ 15.1 +10.8 +19.2

-4.2

- .9

-2.1

-

.7

- 8.2

.4

- .1

- .4

- .2

+ 1.5

Construction

+ 4.3 - 1.3 + 6.6

+ .2

+ .1

- *3

+ 2.3

- 1-3

.6

- .5

-3*0

- 2.8

+ 3*7

All other types of business,
mainly services

+ 45.8

.1 +13.0

- .1

- .1

+1.8

+ 7.5

+5.8

+ 2.1

- .2

Net change in classified loansl/

+166.4 +7-2 +94.7

+2.1

-5.2

+3.5

+10.2

- 4.8

+14.9

+2.4

+ .7

+15.6

+25.1

Unclassified changes - net

+

-2.1

-2.8

-1.5

+6.8

- 9.2

+1.1

-3.4

+1.3

+

.4

+12.9

Net change in commercial and
industrial loans

H75-0 +10.0 +97.0

-8.0

+2.0

+17.0

-14.0

+16.0

-1.0

+2.0

+16.O

+38.0

8.6

+ 1.5

+ 2.8

+ 2.3

- .4

+ 4.9

2/ Preliminary; final totals will appear in the P. R. Bulletin and San Francisco District final figures appear in areleaseof the Reserve Bank
1/ 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 conaaercial banks.