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pm^nn OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 December 14, i960 CHAjjffTCfllH COMMERCIAL AMD DHXJSTOIAL LOAMS BY INDUSTRY Commercial and industrial loans decreased in ten districts and a net ol $209 million at all weekly reporting member banks during the week ended December 7The principal net decreases were $73 million in loans to public utilities, $50 million to manufacturers of metals and metal products, $30 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $27 million to the wholesale and retail trade. 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 , Dec, Compilative since mid-year June 2 9 , i 9 6 0 July 1, 1959 to / to Dec. 7, 1960^ Dec. 9, 1959 (in millions of dollars]" + 4 - 6 - 50 +526 - 30 - 8 - -179 -724 + - 532 73 - 256 + 195 - 52 + 23 + 432 - 3 - 73 + l + 2 +214 +455 -130 + 22 +242 + 609 + - 381 17 97 Classified changes - net Unclassified changes - net -191 - 18 +304 -409 +1,728 Met change in commercial and industrial loans -209 -105 +1,552 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction A n other types of business - 27 69 - 176 jg/ Preliminary In addition to the weekly table a monthly table is attached showing changes during November compared with the preceding month and with November, 1959, and also showing changes during the past twelve months. Although most changes during November were in the same direction as in October, there was a net increase in commercial and industrial loans in contrast to a decrease in the preceding month. Loans to public utilities increased in the current month compared with a substantial decrease in October. Loans to manufacturers of metals and metal products showed a relatively small decrease in the current month in contrast to a larger decrease during the preceding month and an increase in November, 1959* fflgAUfngH HJ COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTOICT, WEBC ENDED WEDNESDAY, DECEMBER 7 , i 9 6 0 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 a New A H Districts^ Boston York + 4.4 6.3 - 49.8 - 29.9 - 8.2 - 2.2 + 4* . 2 - IT, St. Phila- Cleve- Richmond Atlanta Chicago kouig delphia land (In millions of dollars) 4.2 + -9 4.4 - .6 - •7 -5 4" . 1 - - .7 - 3 »8 - 28.8 - .2 - 7.1 - 1.8 - 19.5 + .3 - .5 - 6.1 + 1 . 6 -1.7 - .4 4* o2 4-10 9 4* e2 - >1 + .4 08 - 4.2 - .2 -4.4 + 7*1 - (- 27.3] - 1.0 - *4 - 1.7 •9 •7 + 1.4 - .2 - - - -3 .7 .6 + -5 +1,0 -1.4 - 4- .1 + .1 .6 o=> 1.4 + 2.1 - .1 +1.0 -1.1 -7.8 -1.9 + l.l + 3.5 -4.3 +4.3 -6,7 +7-0 +1.5 -1.5 + + ,1 .8 +2.0 .2 + -7 - ol + - 3-3 1-3 .6 - +1.7 - .4 - .2 + .4 .8 3.9 — I San FranMinne-1 Kansas apolisI City Dallas Icisoo J / 7.1 - 8.2 7.4 — - «"» «=» +1.0 + «3 -1*2 Commodity dealers 4* 1.8 - 3*0 + *2 - 2.2 +1.5 •5 4,3 Public utilities (including transportation) -2»9 -66.6 + .4 - 2.2 - °2 ol - 3*3 - Construction - »4 + .1 +08 .5 +1*9 2.1 - o4 - «4 +2.1 - All other types of business + .5 + 15*4 -1*4 + 2*6 -2.6 2.0 - 6o9 + *5 + *8 -2.1 o4 •6 ( p p) +4.9 c ) -4.7 2.2 .9 -1.3 5-5 +2.3 Net change in classified loans _l/ -I6.I. -109.8 -2.2 -15.3 -2.3 -13.8 -17.0 +3.8 +4.7 -9.5 - 9-8 -3.9 Unclassified changes - net + 8.2 -1.8 - 4.7 +1.3 - + 3*0 +1.2 -3.7 + - .2 ~5*i -118.0 -4.0 -20.0 -1.0 -15.0 -14.0 +5.0 +1.0 .10.0 -9.0 Net change in commercial and industrial loans -209.0 1.1 -15.0 - 1.2 •5 -9-0 ji/ 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 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. H.12(b) CHANGES IN COMMERCIAL ABB INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY Business of Borrower 5 weeks ended Nov. 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 30, i960 +168.9 -101.0 4 weeks 4 weeks ended ended Oct. 26, I960 Nov. 25, 1959 (In millions of dollars) +212.1 —l60.2 12 months ended N o v . 30, i960 + 62.5 - 71-3 + + 186.5 90.7 484.7 - 58.2 + 10.5 - 75.5 -260.7 + 25.7 - 4i.o + 52.8 + + - 21.9 - 33-2 + 316.7 Trade — wholesale and retail +111.8 +125.2 +172.9 + 305.5 Commodity dealers +162.6 +175.2 +180.8 - 57.4 Public utilities (including transportation) + 76.4 -198.7 + 14.7 + 57.4 Construction - 13.1 - 15.9 + 143.8 All other types of business + 78.9 + 60.4 + 39.7 + 497.4 Net change in classified loans l/ +361.3 - 62 »0 +464.3 +2,003.4 Unclassified changes - net - 47.3 - 44.0 -79.3 - Net change in commercial and industrial loans +314.0 -106.0 +385.0 +1,846.0 1/ See footnote on preceding table regarding current coverage. 61.3 155.4
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