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boabd of govekhqrs of the federal reserve system 1.12 (For Immediate Release) August 31, i960 Cmwraa a COiWERCIAL ABB INDUSTRIAL LQAHB BY UDOSBtY Most of the industrial classifications were included in the net decrease of $217 million in commercial and industrial loans at weekly reporting member banks during the week ended August 24. The larger net decreases were $58 million in loans to public utilities, $4l million to the wholesale and retail trade, $37 million to manufacturers of metals and metal products, and $48 million to unclassified borrowers. The principal offsetting net increase was $15 million in loans 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 end mining: Pood, liquor, euad tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction A n other types of business Classified changes - net Unclassified changes - net Net change in commercial and industrial loans 2/ Preliminary Week ended , Au£ 242/ Cumulative since mid-year June i960 July 1, 1959 to / to Aug. 24, 19602/ Aug. 26, 1959 (in millions of dollars) - 53 + 96 -388 + 55 +135 + 13 - 73 + 44 + 28 +104 - 94 + 51 -165 + 32 + 20 + 42 +130 + 66 + 8 -144 -16: 8 -532 -217 +436 + 60 -217 -748 +496 - 7 37 18 17 41 15 58 2 8 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS OF A SAMPLE OF WEEKLY REPORTING MEMBER BASKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 24, l'9bO 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 ISan Franr I St. IMinne- Kansasl,_ New Phila- Cleve- Rich- L .. . |„ . All Dls- . a lRS Boston mond |Atlanta j Chicago [ lquIb [apolls City |P *| cisco jy land delphia York tricts jy millions of dollars) (in - .2 .4 +2.0 - .6 - .6 + .2 + 1.3 + .1 + .4 + -3 +1.5 •? 1 • 0 + - .2 .4 + 5-1 .4 - 2.2 - 2.4 - -3 - .4 - .6 + .2 + -7 - .2 + .1 - -9 + .1 - .4 - 6.7 - 2.3 - 5-8 - .7 - .4 - .5 -1.0 -1.6 + .6 -1.3 - -5 + .1 + - .8 .6 -9 2.9 + 1-5 + 1.0 .2 2.6 + -5 -1.5 -4.4 - -5 - 7-8 - -3 -2.8 - .9 -1.1 -1.0 -5.5 .8 - 3-9 +5.1 - -7 + +1.0 +6.4 +1.7 + 2.1 + 4.7 - 1-5 6.7 .4 +1.4 -2.1 - 16.7 + 3*2 - - 37.2 - 17.8 - 17.4 - -5 -5.4 + .1 - 18.5 - 8.9 - 11.3 —1.3 -1.2 — + .4 — .2 3-3 - 5.3 - 1.1 - r M .3 .5 Commodity dealers + 15.4 + .5 Public utilities (including transportation) - 57.6 4- .1 Construction + 1.5 +1.1 + All other types of "business - 7.9 - .4 — 10.9 — Net change in classified loans l/ -169.2 -7.7 -107.7 •12.9 Unclassified changes - net - 47.8 -1.3 - .3 Net change in commercial and industrial loans -217.0 -9.0 -108.0 - .4 « ( o ]) - 4.9 r 3 > 1 ) + .1 49.4 2.3 - 1.4 + .3 +1.0 - 4.9 + -7 - .4 - .4 + .6 3-0 — — + .9 - -7 - .1 - 2.1 + .1 +1.2 - .6 + 1.3 - 2.6 .4 - 6 . 2 +2.3 - .2 - 1.0 -2.1 +1.0 + .7 +11.4 - 2.1 -l6.6 +8.0 -6.0 -29.3 -4.3 +5• 7 -8»Q +11.6 - 2.0 - 4.1 — .4 — — — — + .3 — .7 -1-7 -1.0 — .6 —38.0 -17.O -17.0 +8.0 -6.0 -29.0 -5-0 +4.0 -9-0 +11.0 -40.0 preliminary; final totals vlll appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank, l/ About 200 w e e k l y 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.
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