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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 February 17, I960 (For Immediate Release) CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in most districts and a net of $106 million at all reporting member banks during the week ended February 10. The principal net increases were $57 million in loans to manufacturers of metals and metal products, $37 million to manufacturers of textiles, apparel, and leather products, $32 million to "other" manufacturing and mining concerns, and $24 million to the construction industry. The principal offsetting net decreases were $33 million in loans to commodity dealers and $27 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. 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 , Feb. ICS' Cumulative since year-end Dec. 30, 1959 Dec. 31> 1958 to / to Feb. 10, 1960s Feb. 11, 1959 millions of dollars) + 37 + 57 -190 + 86 +199 -203 + 36 +142 + 1 + 32 - 21 + 14 - 61 - 10 Trade--wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 2 - 33 - 12 + 24 - 7 - 66 -148 - 45 - 5 - 54 - 84 -131 -182 - 11 Classified changes - net Unclassified changes - net + 73 + 33 -230 -172 -600 -220 Net change in commercial and industrial loans +106 -402 -819 - 27 - 96 jg/ 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* H.12(a) CHANGES IK COMMERCIAL AMD INDUSTRIAL LOANS OP A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, FEBRUARY 10, i960 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 All DisNew Phila- Cleve-j RichSt. Minne- Kansas San FranBoston tricts £/ York delphia land ! mond Atlanta Chicago Louis apolis City Dallas cisco^/ (in millions of dollars) - 27.0 + 36.8 + 56.9 + .6 -19.4 +2.8 +20.2 + 1.4 - *7 + .3 + 4.5 + 4.6 +5.0 +22.7 - 1.6 + .2 .9 +2.4 + 2.6 - 4.4 + -7 +2.4 +1.0 + 1.4 + .3 + 1.7 +1.0 +1.1 + 6.9 +1.7 +1.9 + - .4 +1.2 + .2 + .2 - 1.3 + 1.8 +1.8 + 4.2 - 2.9 + 4.0 + 1.0 - .2 + 2.7 + 3-7 +11.8 Trade: Wholesale Retail + 2.0 + 1.9 - .3 -17.2 ~ 5.0 - .4 - .8 + 2.4 + .2 + .1 + .8 + .6 + .4 + 6.7 + .1 + .8 +1.1 + •§ +1.6 +1.3 Commodity dealers - 32.8 + .5 - - 1.9 ~ .8 - .4 -3.2 - 5-0 -9.1 -1.0 -2.2 -5.8 - 3*8 Public utilities (including transportation) - 11.6 + 3*6 + -8.8 - -7 + .2 + 1.6 + .5 + .2 - 4.1 Construction + 23.7 + .5 +14.7 + 2.7 +1.6 + 1.2 + .7 - -2.0 + 4.7 All other types of business - - .2 + 1.3 - .1 + 5.7 -1.2 +1.9 — 2.4 + 31.6 7-2 .1 - 4.5 -10.7 - .2 + .1 + 1.0 +1.0 .4 - *3 + .2 + 6.2 .2 - .1 + .2 - .1 + .3 + •5 — - 2.8 + •9 + .4 *2 - .4 +1.7 + .1 - .5 + .7 + .1 (+1.4) ( ) + .6 + 4.7 Net change in classified loans 1/ + 73.4 +17.4 +15.2 +11.3 -3.0 + 9.2 +2.6 +12.1 -1.4 +4.7 +1.1 -1.3 + 5-5 Unclassified changes - net + 32.6 + 2.6 - 1.2 + + 2.8 +1.4 + 3.9 +1.4 - .7 + .9 + .3 +15.5 Net change in commercial and industrial loans +106.0 +20.0 +12.0 +12.0 +4.0 +16.0 +4.0 +2.0 -1.0 +21.0 +14.0 .7 +5.0 +2.0 v/f Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank, 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.
@FedFRASER