The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
board of goverhors of the federal reserve system (For Immediate Release) H.12 August 10, i960 CHARGES IH COMMERCIAL AMP DTOUSTOIAL IflANS BY IBB08TRY Commercial and industrial loans increased in seven districts and a net of $123 million at all reporting member "banks during the week ended August 3 • The principal net increases were $29 million in loans to manufacturers to "other" types of business concerns. 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 / Aug. 3* Cumulative since mid-year June 29, I960 July^L, 1959 Aug. 3, 1960B/ Aug. 5, 1959 (in millions of dollars^ + 29 + 24 + 15 - 75 + 49 -294 - 75 + 76 + 13 - 4 + 17 - 83 + 24 + 4 + 85 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction A I T other types of business - 1 + 21 - 5 + 7 + 44 + + + 47 12 25 12 49 + 35 + 62 + 75 Classified changes - net Unclassified changes - net +147 - 24 -377 -164 +149 + 57 Net change in commercial and industrial loans +123 -541 +206 -127 2 / Preliminary In addition to the weekly table a monthly table is attached showing changes during July compared with the preceding month and with July 1959, and also showing changes during the past twelve months. Although most changes during July were in the same direction as in June, there was a total net decrease in commercial and industrial loans in contrast to a large increase in the preceding month when there were large borrowings to pay quarterly income taxes. Loans to manufacturers of metals and metal products showed the largest monthly decrease since July 1958. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 3> I960 H.12(a) 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 San F St. Minne- Kansas Phila- Cleve- RichNew All DisAtlanta Chicago Louis apolis City Dallas cisoo,J1 Boston ?,7 mond land delphia York triets J?/ (In millions of dollars) + 29.I + 23.6 + .5 + 4.6 +29.9 + 8.9 - .3 +1.8 • .3 -1.3 +1.4 - -5 — .9 + 6.6 + 1-5 + .1 -1-3 -1.8 +2.0 - .1 - »3 - .2 -9 + 2.0 + 14.5 - 4.0 + 17.3 - 3-1 - 4.9 + 5.6 + 2.6 - .8 4- . 2 + .2 - .5 -1.2 +6.6 -3.2 • .4 • -5 - .4 - .6 +12.0 -1.6 + •2 + l.l +23.0 - 3.2 + .1 + .3 - -3 + .8 - .4 -l.l - -7 -1.2 —1.1 + .9 + 7.0 - •2 - 5.2 + - .4 .9 - 1.4 -17.9 -1-3 - .4 + ol -4.7 + .6 + .6 +1.2 + -l.l - .1 + .2 t- - 1.6 • .1 - .6 -1.1 .6 +13.3 +1=4 - .6 - .4 Commodity dealers + 21.4 - .3 + 7-3 +2.3 +3 *6 +1.3 - -7 + 3*8 + .1 Public utilities (including transportation) - 4.9 + .8 - 6.2 -4.2 - .2 +1.0 -1.1 + 1-7 - .2 Construction + 6.9 - -9 + 1.7 - .4 - .1 + -7 -1.8 + 6.2 - .3 •1-9 All other types of business + 44.2 + 1.3 +30.6 +1.8 + .4 +4.7 - -9 - 2.1 +3-9 - .4 Net change in classified loans l/ +146.8 + 1.9 +84=7 +4.5 -5.4 +8.2 -6.7 "*"34 = 9 Unclassified changes - net - 23.8 + 2.1 - 2.7 -1.5 -1.6 -4.2 +1.7 - .9 + -6 -1.2 Net change in commercial and industrial loans +123.0 + 4.0 +82.0 +3.0 -7.0 +4.0 -5.0 +34.0 +2.0 -3-0 +1.4 +3.3 —1.8 - .3 M : % +3-1 -1.2 - 1.2 + .1 - -3 + 3-7 + .2 + 3-5 +1.7 + 6.2 — .2 •4.1 +29.4 -1.8 - -9 -13-4 -2.0 -5.0 +16.0 »3-0 j>/ Preliminary; final totals vill appear in the F. R. Bulletin and San Francisco District final 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. H. 12(b) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery and transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining 4 weeks ended July 27, I960 5 weeks 4 weeks ended ended June 29, I960 July 29, 1959 (In millions of dollars) 12 months ended July 27 s I960 -103.8 + 25.3 + 14.6 + 53.4 - 60.3 + 50.1 + + 95 -9 190.0 —308.0 - 79-4 + 7.1 +168.1 - 25.9 + 92.2 + 21.4 + 6.4 + 72.8 + + + 584.8 109.9 314.8 Trade — idiolesale and retail - 45.4 + + 5.6 + 471.8 Commodity dealers - 9*0 - 94.7 + 43.6 + 8.5 Public utilities (including transportation) - 20.2 +125.7 + 46.6 + 364.9 Construction + 4.8 + 24.7 - + 113.1 All other types of "business + 4.5 + 41.3 -129.1 + 257.1 Net change in classified loans 1/ -524.1 +409.3 + 55.4 +2,510.8 Unclassified changes - net -139.9 + 63.7 + 47.6 - 114.8 Net change in commercial and industrial loans —664.0 +473.0 +103.0 +2,396.0 9.9 1.7 1/ See footnote on preceding table regarding current coverage end Note on first page regarding comparability with prior figures.
@FedFRASER