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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

February 10, i960

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Commercial and industrial loans increased in most districts and a net of
$108 million at all reporting member banks during the week ended February 3•
The principal net increases were $59 million in loans to manufacturers of
metals and metal products, $33 million to manufacturers of textiles, apparel, and
leather products, and $25 million in "other" types of business.
The principal offsetting net decreases were $24 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products and
$-0 million to manufacturers of food, liquor, and tobacco products.
Changes in loans during the week and since year-end are shown below; the
third column shows the changes during the comparable period last year.
Cumulative since year-end

Business of Borrower

Week
ended /
Feb. 3B'

Dec. 30, 1959
to

j

Feb. 3, 196o2/

Dec. 31, 1958
to

Feb. 4, 1959

(in millions of dollars)

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

- 20

-157

-178

+ 33
+ 59

+ 48
+143

+ 11

- 24
+ 1

- 20

- 74

- 19

- 21

Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
All other types of business

+ 11
+ l
- 3

-101
- 80

+ 10
+ 25

- 92
-111
- 27
- 30
- 47

Classified changes - net
Unclassified changes - net

+ 92
+ 16

-313
-182

-632
-246

Net change in commercial and
industrial loans

+108

-495

-879

+ 82

-132
- 22

-118

p/ Preliminary.
Note: Cumulative figures in the last column are not strictly comparable with
current figures because of revised loan classification beginning with week ended
July 8, 1959.
In addition to the usual weekly table, a monthly table is attached showing
changes during January compared with the preceding month and with January 1959, and
also showing changes during the past twelve months.
All industrial classifications except manufacturers of textiles, apparel,
and leather products, manufacturers of metals and metal products, and manufacturers
and producers of petroleum, coal, chemicals, and rubber products showed net decreases in loans in January; in all but two instances the pattern of changes was
comparable to January 1959*
The decrease in loans to commodity dealers was the largest monthly
decrease in this category since February 1958 and the decrease in the construction
industry was the largest since the series was started in 1951*




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY Aim FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, FEBRUARY 3, 19^0

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

All DisBoston
tricts P/
- 20.1
+ 32.7

+ .8

+ 58.6

Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Fri
New
cisco
Louis apolis City
mond
York delphia land
(In millions of dollars)

- 6.0

-3.1

+ .2
+15.9

-2.7
+2.4

-2.3
+ .4

+2.6

-1.9

- -7
+1.5

+ 3-7

+1.1

-2.8
+ .5

-3.1
-1.4

+8.0
+ .6

- -3
- .1

+1.4
+ .7

+11.9
+ 1.8

- .6

+ .9

+34.1
-26.9
- 2.3

+ .2
|+ 10.9 ] + .8

+ .6
- 4.8

- .5

- .8

- .4

+2.7

+ .2
+3.1

- 24.2
+ 1.2

+ .5

+ .9

+1.1

- .6

+
+

- .9

.5
.6

+ .4

+2.1

+ 3.8

+ .8

+2.6
+ .1

+ 1.0

+ .8

+ 1.0

- .3

+1.0

- 2.3

+ 2.8

+1.2
- .2

+
+

.7
.2

+ .2
+ .2

IH

+ .6

- 4.0
+ 1.5
+ 2.2
+ 1.1
- 1.9

+ 5 *0

Commodity dealers

+

1.3

+1.9

+ 9.6

+1.0

-1.4

—2.0

. - .9

+ 1.9

-3.7

-

.8

-1.0

- -5

- 2.8

Public utilities (including transportation)

-

3-0

- .2

+ 5.4

+1.1

- .2

+1.0

- .4

- 2.9

- .9

+ 1.1

+ .2

+2.0

- 9.2

Construction

+ 9.6

+ .3

+ 8.5

-1.9

- .5

+ .7

- .4

+ 1.3

+ .2

+ 1.1

+1.0

+ .3

— 1.0

All other types of business

+ 24.8

+1.9

+12.2

-1.6

-2.1

+l6.4

-2.3

+

•7

+ .1

-4.9

+ 4.4

Net change in classified loans l/

+ 91.8

+4.8

+52.5

-5.0

+8.0

+1.1

+ .7

+29.6

-7.5

+ 8.9

+ .7

+2.7

- 4.7

Unclassified changes - net

+ 16.2

-1.8

+ 3-5

+2.0

+1.0

-1*1

+1.3

-

.6

+1.5

+ 1.1

-1.7

+ .3

+10.7

Net change in commercial and
industrial loans

+108.0

+3.0

+56,0

-3.0

+9.0

+2.0

+29.0

—6.0

+10.0

-1.0

+3.0

+ 6.0

--

p/ ireximinary; imai totals wij.x appear ia uue r. i\.
— — —
^ , , ,, , . __
„ . ^
1/ About 210 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 75 per cent of those of all commercial banks.




H.12(b)

CHARGES 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
Jan. 27, I960

4 weeks
5 weeks
ended
ended
Jan. 2 3 1959
-,
Dec. 30, 1959
(In millions of dollars)

12 months
ended

Jan. 27, i960

-136.9
+ l4.8

+222.9
- 9-2

- 11.8

-150.8

+

192.9

+ 83.9

+ 96.7

+ 60.7

+
+

739.8
159 -8

+ 186.7

- 20.0

+ 68.9
+ 6.3

Trade — wholesale and retail

-102.9

-307.4

- 94.1

+

425-8

Commodity dealers

-112.7

+162.2

- 59-6

+

321.4

Public utilities (including transportation)

- 24.1

+162.0

-109.2

+

424.0

Construction

- 39-5

+ 26.9

- 22.9

+

99.4

All other types of business

- 71.6

+102.4

-111.6

+

154.3

Net change in classified loans 1/

-405.2

+531.7

-583.7

+2,911.9

Unclassified changes - net

-197.8

+ 32.3

-271.1

+

Net change in commercial and
industrial loans

-603 * 0

+564.0

-854.8

+2,994.9

+

3.8

- 70.5
- 13.9

+

207.8

83.O

1/ See footnote on preceding table regarding current coverage and Note on first page regarding comparability with prior figures.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102