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FEDERAL
statistical

RESERVE

release
For immediate release
October 12, 1961

H.12

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Beginning with the week ended September 27, 1961, banks in this series
were requested to report their weekly changes in commercial and industrial loans
on the old classification basis and according to the industrial classification
shown below. The new classification should increase the usefulness of the weekly
data.
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
Durable goods manufacturing:
Primary metals
Machinery
Transportation equipment
Other fabricated metal1 products
Other durable goods

Week
ended
Oct. 4,

Cumulative since mid-year
June 28, 1961
June 29, i960
to
to
Oct. 4, 1961
Oct. 5, I960
(in millions of dollars)

- 1i i
i !!
- i4

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

+ 63
- 23
- 28)
- 9)
- 5

Mining

+ 17

Trade:

Commodity dealers
Other wholesale
Retail

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

1/-353

1/-446

1/- 23

1/ m

+219

+206

1/-197

!/- 75

l/- 14

1/ m

l/+ 40

y* 76

+ 26

+ 58

+ 28
+ 3
+ 10

+131
+127)
+ 9)

+140

+ 44

+ 91
+ 4l

- 58
+ 24

+130

+115

-

2

+226

+ 47

+ 86

Net change in classified loans
Unclassified changes - net

+ 27
- 38

2/-212

r/-340

Net change in commercial and
industrial loans

- 11

+ l4

tJ-254

r/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of
nonreporting banks with reporting banks.
l/ Because of reclassifications as of September 27, 1961, many categories are not
strictly comparable with prior data; for example, new Mining includes only
part of old Other Manufacturing and Mining, with which it is compared, a part
of Metals and Metal products, and Coal from old Petroleum, Coal, Chemicals
and Rubber. Other Durable and Other Nondurable were in old Other Manufacturing and Mining.
2/ Includes decrease of $l46 million resulting from reported misclassificatione
disclosed Incident to the revisions as of September 27, 1961.



(OVER)

A monthly table on the old classification basis is attached, showing
changes during September compared with the preceding month and with September i960,
and also showing changes during the past 12 months.
All industrial classifications except manufacturers of textiles, apparel,
and leather products, commodity dealers, and "other" types of "business concerns
showed net increases in loans in September; in all but two instances the changes
were in the same direction as in September i960.
The increase in loans to public utilities was the largest monthly increase in this category since September i960.




CHAHGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 4, 1961

H.12(a)

Business of Borrower

All Districts

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

-

11.5
22.4
17.1
4.4
13.6

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

+
-

62.5
22.6
28.0
9.3
5.4

Mining

Boston

+ 16.5

-

.6

-

+ .8
_ 2.5
+ l.l
+ •3
—

- 7-1
-10.8
- 9-3
- 4.2
+ 1.6

- -3
+1.2
- .4
- .1
- .6

+

.2
1.2
2.0
+ 1-5
- •5

- *3
- *1

+39-7
- 3-7
- 2.2
- 3-3
- 3-6

+3.6
-2.0
- .7

+ 1.1
.6
.6
5.6

+ .8
-7.4

— 1*1

.8
.1
2.3

-

San FranSt. Minne- Kansas
Eb.Ha- Cleve- RichNew
Dallas
cisco
mond Atlanta Chicago Louis apolis City
York delphia land
(Tn m-m-inrifi at Anil

+ .1

-

- .8

-

•5

— —

- »1
-2.1

+1.6
+ .1
—

-3
.1
-5
.5
.4

—
-

2.8
3.6
.4
3 *6
3.8

- .4
- -9
- -5
—1.0
— .2

- .6
+1-9
+ .1
+ .2
- .4

+
+
+

6.6
1-9
1.0
3-4
2.1

+1-3
-2 A
- *2
+ .1
- .2

-2.2
- .4
- .1
+ .1

- .6

- 1.5

- el

+
-

•W mm

-2.4
—+ .6
- .3

+ .1
——
— .1
+1.0
— .1

2.3
•9
•3
.2
2.8

+
+
-

+

-

+
+

1-9
5.3
1.9
2.2
3 *8

.3
.5
.4
.2
.1

.5
- 1.9
- 24.3
+
.1
- 1.6

+11.2
- 1.2
.6

- .1

- .6

+ 21.4

-

—

—
-

— 1.2
.5

+ 27.7
+ 3.0
+ 9.7

•9
2.5
+ 6.5

+21.6
+ 1.2
- 2.5

- .4
- .4
+ .4

+

-

+1.1
+ .1
+1-3

+ ..7
+1.4
+3.0

+ 1.4
+ .9
+ 5-3

+2.6
+ .1
+1.3

-3 *8
— .2
—1.0

- .1
- .2
-2.3

+

.4
1.0
1.1

Transportation, communication, and other
public utilities

+ #.0

- 1-3

+21.9

+6.9

+10.k + .3

— .2

+ 6.8

-1.4

+1.3

—1.0

+

.2

Construction

-

+ 1.2

- 7-9

+ .2

-

.4

- .9

-5.1

+ 1-7

+ .2

+ .5

- -3

+

3-3

+ 5.3

1-9

— 8.2

-1.4

-

.6

-1.0

-1.9

- 1 »1

-1.4

+1.7

+ -9

+

6.2

+ 8.7

+ 1.3

-6.6

-2.7

+ 3.7

-3*1

-6.3

-4.2

-

.7

+21.1

1-3

+5.6

- *3

-10.7

+2.1

+1.3

+3.2

-

•3

-10.1

—1.0

-3 *o

- 7.0

—1.0

-5.0

—1.0

- 1.0

+11.0

Trade:

Commodity dealers
Other wholesale
Retail

All other types of business, mainly services

2.2
— —

-

Net change in classified loans 1/

+ 26.9

- 3-0

+22.1

+5.3

Unclassified changes - net

- 37.9

19.0

- 7.1

-1.3

Net change in commercial and
industrial loans

- 11.0

—22.0
I

+15.0

+4.0

.4
1.8
+ 1-5
-

-

--

-

+ 5.5
+ 3.4
- 2.7
+

l/ About 200 weekly reporting member tanks 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 TO per cent of those of all commercial banks.



.1

H .12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER t*ahicr gy INDUSTRY

Business of Borrower

4 weeks
ended
Sept.27, 1961

5 weeks
4 weeks
12 months
ended „
ended .
Aug. 30, 1961
Septf^Sf i960 Sept. 27, 1961
(In millions of dollars)

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (Including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing end mining

+157.7
- 29.O

+106.4
+ 75.8

+143-3
- 26.4

+ 95.6
- 82.8

+ 23.7
+ 42.0 *
+ 2.7

- 82.9
-143.2
+ 17.3

+ 64.8
+ 15.0
+ 41.8

-710.5
+ 62.4
+142.2

Trade — wholesale and retail

+ 91.1

+ 60.7

+ 81.5

- 80.9

Commodity dealers

- 36.2

+ 87.I

+ 45.5

+163.9

Public utilities (including transportation)

+192.9

- 9 W

+190.8

—286.1

Construction

+ 17.4

+

+

8.8

+ 97-0

All other types of business

-

1-7

+118.3

+ 41.2

+746.0

Net change in classified loans 1/

+460.6

+154.5

+606.3

+146.8

Unclassified changes - net

- 71.6

+

1-5

£/ - 36.3

r/ - 25.8

Net change in commercial and
industrial loans

+389.0

+156.0

r/ +570.0

r/ +121.0

9-3

l/ See footnote on preceding table regarding current coverage.
r/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of nonreporting banks with reporting banks.