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pnART) 0P GOVERHORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
Hel2
December 28, i960
CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY IBBOSTRY
Commercial and industrial loams increased in most districts and a net of
$329 million at all weekly reporting member "banks during the week ended December 21,
which included the quarterly tax date. The principal met increases were $92 million
in loans to public utilities, $76 million to manufacturers of metals wad metal products, $64 million to manufacturers of food, liquor, and tobacco products, $50 million
to manufacturers and producers of petroleum, coal, chemicals, and rubber products, aad
$48 million to "other" types of "business concerns.
The larger offsetting net decreases were $39 million in loans to the wholesale and retail trade and $17 million to manufacturers of textiles, apparel, and
leather products.
Changes in loans during the week and since mid-year axe 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. 212/
Cumulative since mid-year
June 29, I960
July 1, 1959
to
to
Dec. 21, I960B/
Dec. 23, 1959
(in millions of dollars)
+ 76
17
+626
-201
-628
+ 686
55
- 135
+ 50
+ 4
- 3
- 45
+
+
Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
ait other types of business
39
+ 15
+ 92
11
+ 48
+160
+490
+ 1
+ 34
+3%7
+ 304
+ 712
+ 423
+
13
31
Classified changes - net
Unclassified changes - net
+281
+ 49
+780
-313
+2,164
- 156
Net change in commercial and
industrial loans
+329
+46?
+2,008
2/ Preliminary
.1
+ 64
-
-
-
214
33
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, BEOMEBER 21, 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
New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Da L Las San Fn
All Dis- „ .
BostonI
yolk
Louis |apolis|City | - - cisco 2
delphia land mond
triets 2/
+
4
.6
el
+ 64.1
- 17.1
- *2
-4.2
+ 36.1 — lei + 2.4 +1.1
- 12.3 - 2.2 - 1.6 + »3
+ 3-9
+ 1.9
+13.6
- 1.2
+6.5
+2.6
+
+ 75 »6
+ 49.8
+ 3.6
+ 06
- .8
- .1
+ 59.6 + 2.2 + 7-9 + -3
+ 52.7 - ®2 - 1.3 + -3
+
-7 +1.2
•3 + .4
+
+
.9
<>2
+ 4.9
- 1*2
+ 2.1
-4.5
+1.3
+3.8
+ 2.1
+2.3
39.2j - .2
+ 10.8 - .6 - .7 +1.0
- 42.0 +11.2 + 6.3 - .4
-2.3
+2.6
+
- 2.5
+1.1
-16.3
.1 +2.2
-1.8
+ 3°7
+5.2
- 3-2 -1.3
-
-2.6
- 5.8
+
.6
+1.7
+
•7 4* .2
+1.1
-
.4 +2.1
+
.1 +1.5
+12.0
.3 +
-5 + -1
•3 - .2
+1.0
1.9 +1.7
1-7 -4.2
•7 - .5
4.7 -3.2
Commodity dealers
+ l4.6
- -5
+ 10.1 +
Public utilities (including transportation)
+ 91.9
+ -5
+ 77.2 +11.6 + 6.7
Construction
— 10 #6
-3-9
- 6.3 +
.2 - 1.5 - .4
4- #8
- 1-5
All other types of business
+ 47.8
+1.2
+ 26.2 -
.1 + 4.6
+10.8
+
.5
-9.0
+
Net change in classified loans X/
+280.5
-5.3
+212.8 +22.5 +22.6 +2.2
+ 8.4
+ 6.3
+7.9
- 8.1
Unclassified changes - net
+ 48.5
+1.3
-
6.8 + 1.5 + 5.4 +2.8
- 1.4
- 6.3
+ .1
- 2.9 + 0 2
Net change in commercial and
industrial loans
+329.0
-4.0
+206.0 +24.0 +28.0 +5.0
+ 7.0
** mm
"
- -
+8.0
Ll.O
-2.2
-2.0
Not
+ .6
— 1.0
+ 1.7
(" 1,8I
avail-
.2
.3
able
+13.4
-
.4
+55.0
+13.0
+55-0
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 P®r cent of
~~
total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks.
@FedFRASER