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F E D E R A L statistical R E S E R V E release Wy.3#-'5' For immediate release October 25, 1961 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY H.12 Commercial and industrial loans increased in most districts and a net of $136 million at weekly reporting member "banks during the week ended October 18. The principal net increases were $112 million in loans to the mining industry, $42 million to manufacturers of food, liquor, and tobacco products, $34 million to petroleum refiners, $25 million to the retail trade, and $22 million to commodity dealers. The increases in loans to the mining industry and to petroleum refiners reflected in part new financing to purchase the assets of a large oil producing concern. The larger offsetting net decreases were $74 million in loans to manufacturers of textiles, apparel, and leather products and $24 million to transportation, communication, and other public utility companies. 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 metal products Other durable goods Cumulative since mid-year Week June 25, 1961 June 29, I960 ended , to . to Oct. 1 8 W Oct. 18, 1 9 6 W Oct. 19, i960 (In millions of dollars) 13 -17 Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods 42 74 34) 1/-331 1/-542 l/- 44 1/ NA +299 - 71 +343 - 34 1/-164 10 l/- 27 I/- 52 1/ NA Mining, including crude petroleum and natural gas +112 1/+159 1/+ 54 Trade: Commodity dealers Other wholesale Retail + 22 '+ 7 + 25 +172 +174 + 67 +245 Transportation, communication, and other public utilities Construction All other types of business, mainly services - 24 - 3 + 74 + 57 + 42 + 4 +162 ±121 +130 +527 Net change in classified loans Unclassified changes - net Net change in commercial and industrial loans 6) + 6 +136 i/zM +210 +127 -101 +218 r/z2S r/-Ul 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 frcm September 20, 1961. 2/ Includes decrease of $146 million resulting from reported misclasslflcations disclosed incident to the revisions as of September 27, 1961. g/ Preliminary. r/ Revised to eliminate adjustments in series since July 8, 1959# for mergers of nonreporting banks with reporting banks. H.12(a) CHANGES H CCMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING BY INDUSTRY AND FEDERAL RESERVE DISTRICT, SEEK ENDED WED'iESDAY, OCTOBER * H T DisNev | Phila- Cleve- RichBusiness of Borrower tricts 2/ Boston York Idelphia land mond Atlanta Chicago (In millions of dollarsJ Durable goods manufacturing: Primary metals + 8.4 + -3 + 10.2 + -3 - .1 - .1 - .2 - 2.8 Machinery —1.0 + .1 + .3 - 9-4 -2.9 - 5.2 + 1.1 - 5-0 Transportation equipment -+1.1 — + 6.7 -1.0 •9 •3 •+. .5 + 5.9 Other fabricated metal products + 1-3 - .1 + 2.9 - .2 - .8 + 1-5 - .9 - 5-o Other durable goods - 16.7 5.4 - *1 - -9 -1.3 -3*3 + .2 - 3*3 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 +112.3 - -7 +111.4 Commodity dealers Other wholesale Retail + 21.7 + 7-3 + 24.6 +1.1 +1-7 +6.1 + 1.3 - 4.1 — 3.2 - 3-5 + 1.3 - .4 + .8 +2.2 + 1.6 +6.5 + 1-5 Transportation, communication, and other public utilities - 24.1 - .1 - 3-5 -31.6 + .4 - Construction - 2.7 + -3 - 6.7 + 1.7 All other types of business, mainly services + 3.5 + 11.6 Trade: 42.3 74.3 33.5 6.1 10.3 -2.9 -l.l -6.6 + .8 -2.3 + + + — 13.2 58.1 18.3 4.8 + 3-7 - .1 -5 .1 .1 .2 +3-7 -2.2 - .1 - .2 - .4 + 4.2 — 1.6 + 2.5 + .8 - -9 +1.0 -2.1 + .6 - .2 MEMBER BANKS 18, I96I St. Minne- Kansas San FranLouis apolis City Dallas cisco 2/ "W + .5 - 1.1 - .2 - .4 — + -3 + .2 + 1.6 + .1 -1.0 - 1.7 -1.2 «• <— + -3 + 3-8 mm — + 5-2 + -3 H on 1 +17-5 - 4.2 +10.1 + 1.2 - 3.1 + 2.7 - 1*3 + 4.1 •3 + .4 + 3.0 + .4 - -9 -2.4 + 2.2 +3-4 + .1 +10.1 - .1 + 1.8 +2.0 -11.7 + .8 +1.3 + .2 + 5-0 + 2.0 + 9-2 + 5-5 + 1.2 - .3 + 1.5 +1.2 + .3 +1.0 + 1.7 +2.4 + 8.0 - 1.2 + -9 .3 + .9 + 6.9 + .4 + .3 +1-3 + 1.2 -1.4 + -5 —2.0 + 1.8 + -7 - .4 - -3 + 3.1 + 2.6 -1.8 + .4 -1.4 + 4.7 + 1.1 - .1 -1.2 - 9.3 mm. — — — Not + .4 .1 •9 — 1.0 - .1 avail- able Net change in classified loansl/ +130.2 -9.3 + 82.9 -29 *6 + .1 +10.9 —2.6 +51.0 +12.9 + 9-7 +5-9 - 1-7 Unclassified changes - net + +1.3 5-9 + 4.6 - .1 - 2.9 + .6 +11.0 - 3-9 + 1.3 -1.9 -35-3 +37-0 Net change in commercial and industrial loans +136.0 —8.0 + .77.0 -25.O + 8.0 -2.0 +62.0 + 9.0 +11.0 +4.0 -37-0 +37.0 5-8 — 1/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks *»«•»* about 95 ner cent commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks. of total
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