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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)

1
3
-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

Not

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.

—

—

—

+

.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.


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Federal Reserve Bank of St. Louis