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FEDERAL statistical RESERVE release For immediate release October 4, 1961 CHANGES Hf COMMERCIAL AHD INDUSTRIAL XOAKS BY UDDSTBY H .12 Commercial and industrial loans decreased in most districts and a net of $50 million at weekly reporting member banks during the week ended September 27• The principal net decreases were $30 million in loans to manufacturers of textiles, apparel, and leather products, $18 million to manufacturers of metals and metal products, $35 million to "other" types of "business concerns, and $33 million to unclassified borrowers. The larger offsetting net increases were $24 million to manufacturers of food, liquor, and tobacco products, $26 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $42 million in loans to public utilities. 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 Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended , 2/ Sept. 27' Cumulative since mid-year June 25, 1961 June 29, I960 to , to Sept. 27,19612/ Sept. 28,1960 (in millions of dollars) +144 + 42 -18 -300 +l4l + 88 -355 +26 -24 -149 - 5 - 75 + 73 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 1 + 1 +42 - 4 -35 +116 +103 + 39 + 49 +140 + 4 +120 + 66 + 34 +101 Classified changes - net Unclassified changes - net -17 -33 +180 - 96 ,+196 I/-303 Uet change in commercial and industrial loans •50 + 84 £/-107 +24 -30 jg/ Preliminary xj Revised to eliminate adjustments in series since July 8, 1959* for mergers of nonreporting banks with reporting banks. v CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPIS OF WFIFXTY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, SEPTEMBER 27, 1961 H.12(a) Business of Borrower San FranSt. Mlnne- [Kansas Phila- Cleve- RichNew All DlsAtlanta Chicago Louis apollsI City Dallas cisco 2/ tricts 2/ Boston York delphia land mond (T" urtlUnng of dnllftraj - l.l +18.6 - 7-5 - 9-0 + .6 - .6 -18.3 +25.9 -24.1 + 3.2 -24.9 - -3 +17.6 — 1.6 -13.2 -1.9 +2.5 -5.8 + 1.1 + 4.0 - 1.7 + 3.3 +1.2 + .1 + .9 M 1.0 + .2 +8.0 5.0 - 3-1 -2.9 • • .4 .8 - 1.3 - .1 - .8 - .1 .4 +5.4 .3 + .2 -3 -3.9 • •m m .5 .1 - 2.5 - -7 - -5 + .5 + .1 - -5 + 1.0 - .1 +2.5 - 2.3 + 3-9 +1-3 •9 - + - .4 - .8 +1.5 — - + - + •9 + .2 .8 - -5 -3 coco Trade: Wholesale Retail -.-23.8 -30.3 1 + Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals, and metal-products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining - 1-7 .1 + + + Not 2.6 5-4 .4 - (-12.6) avail- - 5-7 - .1 + 1.6 - .2 + 6.1 .8 -1.8 + 1.4 - 1.4 - 3.2 + .4 - 7.8 -10.5 + 3-3 +19J0 — 8.0 -15.5 -2.6 - 4.7 - -3 + 3-5 -35-3 +5.0 - 8.0 - 3-5 - .4 - +3•0 7.0 -32.0 424.0 -16.0 -19.0 -3.0 - 5-0 +14.0 Commodity dealers + .7 — 1.0 + 3*8 + .3 — el + 1.7 + 2.7 + .9 - 3-4 Public utilities (including transportation) +42.4 - 1.2 +25.0 +3.2 +1-3 + 1.4 - .2 +6.9 + .1 Construction - 3.5 - -9 - 1.4 +0.9 — •1 + 1-3 - .6 - .9 - .6 All other types of business -3*-? — 6.2 - 9.5 +1.1 +1.0 -11.1 + .7 +1.5 Net change in classified loans l/ -17.0 -17.2 +14.3 +1.6 +3.3 Unclassified changes - net -33-0 + 7.2 -14.3 - .6 Net change in commercial and industrial loans -50.0 -10.0 +1•0 — - able .3 +14.0 j>/ preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank, l/ 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 weekly reporting member banks and about 70 per cent of those of all commercial banks.
