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FEDERAL ***** RESERVE statistic For Immediate release September 27, 1961 CBARGES IN COMMERCIAL AM? DTOUSTRIAL LOANS BY OPPSTRY H .12 Commercial and industrial loans increased in all districts and a net of $214 million at weekly reporting member banks during the week ended September 20. The principal net increases were $94 million in loans to public utilities, $62 million to manufacturers of metals and metal products, $48 million to manufacturers of food, liquor, and tobacco products, and $38 million to the wholesale and retail trade. The larger net decrease was $22 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products. Changes in loans during the week and since mid-year are shown below; the third column shows the changes during the comparable period last year. Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended , Sept. 2(0 Cumulative since mid-year June 2$, W June 2ti, 1961 to to Sept. 20 1 9 6 l V Sept 21,I960 (in millions of dollars) + 48 - 9 + 62 +113 + 77 -288 +119 +105 -319 - 22 -175 + 16 - 64 + 77 +113 + 97 - 3 +103 + 44 + 37 +104 - 2 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 38 - 7 + 94 + 13 5 + 46 +171 Classified changes - net Unclassified changes - net +210 + 4 +158 + 15 .+202 27-283 Net change in commercial and Industrial loans +214 +173 ll- 81 - - 11 jd/ Preliminary r/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of nonreporting banks with reporting banks. ftAglf m tTTfgl H.12(a) COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEXLY REPORTING MEMBER BANKS BY INDUBOBY AND FEDERAL RESERVE DISTRICT, WEEK gwrra" WEDNESDAY, SEPTEMBER 20, 1961 Business of Borrower New All Distriets £/ Boston York 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 Trade: Wholesale Retail Phila- Clevedelphia land ~~~ I St. iMinne-1 Kansas I Richmond Atlanta Chicago I Lo^g |apolia| City | dollars) I San Fran|clsoo £/ .2 •3 + 5.8 + .8 + 3.6 + 1.3 + 1.3 + •5 - 3-2 + 1-9 + . 2 + 1.1 - 1 . 0 + 4.0 •9 2.2 + + - .6 ( + 2.1 ( + .6 + 48.0 9.0 +4.5 -3*1 + 21.7 + 2.4 +5-4 + -3 - .8 - .2 + 2.5 - 1.2 +2.5 -2.2 + 2.9 - 3.3 +3.1 -1.9 + 62.2 22.3 2.1 +2.5 - .2 + .1 +; 38.5 6.4 4.2 - +2.9 + .6 + .6 +5.0 -3.4 + -9 + 2.1 + -7 + .6 — -2 - .2 +1.7 -15.8 +1.2 +4.0 - .1 + .3 - .3 + 12.9 + 6.6 +13 -1.4 +2.3 -2.3 + 1-4 + .6 +2.3 +3-3 + 2.3 + 3-5 -3-3 +1.0 -- - .3 + 3*8 + .2 — 4.2 + +4.1 +11.1 +2.0 + 2.6 - .5 + 1.9 - r+ 38.3j 8.2 .2 .3 - - 1.0 + .7 J ) + 2.3 Commodity dealers - 7.4 +1.6 - Public utilities (including transportation) + 93-9 +2.8 + 73.3 -3.1 -1.0 Construction + 12.9 - .6 + 2.8 + .7 - .5 — + .6 + 2.2 + .6 + .9 + .1 + 2.1 + 4.0 All other types of business - 4.7 -1.6 - 19.8 -2.6 +1.4 +5.9 -5.2 + 2.7 -2.9 + .6 + 2.5 +17.7 - 3-4 Net change in classified loans 1/ +209.8 +5-7 +119.6 +4.7 +1.1 +16.6 +5.8 + 4.3 +3-0 +10.1 + 7.2 +21.1 +10.6 Unclassified changes - net + 4.2 + .3 - 12.6 + .3 +3.9 -11.6 + .2 - 1-3 — ~ 5*1 + 2.8 + >9 +26.4 Net change in commercial and industrial loans +214.0 +6.0 +107.0 +5.0 +5.0 + 5.0 +6.0 + 3.0 +3.0 + 5-0 +10.0 +22.0 +37.0 .8 + .2 .8 .1 - - *5 *3 .1 2 / Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. 1/ 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 *n4 industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks.