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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.
