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F % E statistical H.12 D E R A L R E S E R V E release For immediate release September 6, 1961 ffgAwntg TH nnmmanrkr. AND UDOSTRIAL LOABB BY D P M B I B I A net decrease of $8l million in loans to manufacturers of metals and metal products was the principal cause of the net decrease of $45 million in commercial and industrial loans at weekly reporting member banks during the week ended August 30. The larger offsetting net increases were $44 million in loans to manufacturers of food, liquor, and tobacco products and $32 million to commodity dealers. 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 wining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended Aug. 30 2/ Cumulative since mid-year June 28, 1961 June 29, I960 to to Aug. 30, 19612/ Aug. 31, I960 (in millions of dollars) +44 - 3 -81 - 4 + 71 -316 - 1 -12 -191 6 - 90 + 31 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction other types of business +12 +32 +11 - 9 -12 + 37 +139 -142 + 28 +132 - 78 + 74 -125 + 25 + 60 Classified changes - net Unclassified changes - net -19 -26 -251 - 65 ,-4ll E/-266 Het change in commercial and industrial loans -45 -316 I/-677 - - 2 +115 -420 jo/ Preliminary rj Revised to eliminate adjustments in series since July 8, 1959, for mergers of nonreporting banks with reporting banks. H.12(a) - CHANGES IN~ COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS EAT INDUSTRY AND FEDERAL RESERVE DIS5KICT, WEEK ENDED WEDNESDAY, AUGUST 30, 19&L Business of Borrower 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 All Districts £/ Boston +43.8 - 2.9 + 2.0 -80.9 - 9.4 - 1.9 - 1.2 -11-9 M + New York +30.3 .6 — 1.6 - 1.2 - 1-9 -52.6 - 1.8 St. Phila- Cleve- Richdelphia land mond Atlanta Chicago Louis (In millions of dollars) + .1 + -5 +1.3 + 1.3 + .1 —15.4 +1.4 — .1 +4.0 -2.4 +1.0 — .6 — .8 — 2.8 + .7 - 5-6 +2.3 - .6 — .4 — .2 +11.9 - 3.7 - .2 +1.5 + + .8 -.1.2 + .8 — + 4.7 + .8 — 4.7" + ] .1 _ - .1 -1.0 - 3-3 +1.4 + -5 + 5-8 — 2.0 +1-3 +1.0 - -3 - -3 + 3*o - -3 + 1.8 -3-0 + Public utilities (including transportation) +11.2 + 1.1 + 8.5 + .1 - 5-8 + .2 +3-2 + 3-7 Construction - 9-4 - 1-7 - 4.2 - .6 + .6 - 2.2 - -7 - 3-6 All other types of business -11.9 - 2.9 -17.2 + .8 - 1.7 + 2.6 +3-3 + 7-2 -19.2 - 9-2 -15.9 +5-5 -24.2 + 3.7 +8.2 "-25.8 - 3-8 — 6*1 -1-5 - 4.8 -10.7 -13.0 -22.0 +4.0 -29.0 -7-0 Unclassified changes - net Net change in commercial and Industrial loans -U5.0 - -9 -2.3 +1.1 + .8 + .6 -2.0 +1.2 + .2 - .8 + 6.1 +20.1 Net change in classified loans l/ .] _ - -3 +32.2 -7 +1-3 - -9 — 1.4 Commodity dealers -3 San FranMinne- Kansas apolis City Dallas cisco j>/ - .2 Not + -3 - .4 -1.5 h 8 avail - ) +1 • 3 +2.6 ' - .4 + .1 + .1 -l.o - .1 +4.1 -9 - -5 - -5 -2.1 +13.4 -3.9 -1.1 -3.2 +7-5 - .2 + 2.6 + -9 -1.9 + .2 - .5 -- +8.0 +16.0 -3.0 -3-0 -3.0 +7.0 -- - - — able 2 / 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 all weekly reporting member banks and about 70 per cent of those of all commercial banks.
