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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) February 3> I960 . CHANGES IN COMMERCIAL AJE> INDUSTRIAL LOANS<m BY INDUSTRY — — — - ' "» • • ""' 11 1 1 Commercial and industrial loans decreased in most districts and a total of $11** million at all reporting member banks during the week of January 27 • The principal net decreases were $33 million in loans to commodity dealers, $30 million to manufacturers of food, liquor, atod tobacco products, $18 million to the wholesale and retail trade, $14 million to public utilities, $27 million to "other" types of businesses, and $51 million to unclassified borrowers. The principal offsetting net increase was $58 million in loans to manufacturers of metals and metal products. 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 Trade—wholesale and retail CcE-modity dealers Public utilities and transportation Construction All other types of business Week ended . Jan. 27I/ Cumulative since mid-year July 1, 1959 July 2, 1956 to , to Jan. 27,i960B/ Jan. 28, 1959 (in millions of dollars) 564 44 71 +403 -248 + + 251 7 - 13 -144 + + + 55 + 73 631 452 +361 29 +154 + 27 106 +263 30 + 4 + 58 + + 3 8 18 33 - 14 + 1 - 27 - - - - - -263 Classified changes - net Unclassified changes - net - 64 51 +1,709 329 +6l4 -477 Net change in commercial and industrial loans -114 +1,380 +136 - 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• H.12(a) Trade: Wholesale Retail ) ( c 17-9) + .8 - .4 -10.8 Commodity dealers - 32.6 -1.7 Public utilities (including transportation) - 13-7 -4.0 Construction + All other types of business - 27.1 Net change in classified loans 1j - f - .4 - .5 - .1 - .2 + .2 - 1.2 + 4.3 + .8 + .2 + .2 + + 4.9 - 5.0 -3.3 - .4 - .2 -l6.8 + 9.8 - 1.0 + .3 - .6 -6.8 - 2.2 -44.8 — 6.0 -3.0 -1.0 -7.0 -19.0 -35-0 - .4 - -3 + .2 - .5 - 3.8 - 5-9 -3*8 -1.2 +1.2 + .9 + 1.5 - .1 + -3 - .6 - .6 + -7 - 2.2 -1.0 -34.8 - .2 -2.2 +3-1 - .6 + -7 63.5 -4.4 -45.7 -5.8 +4.6 +2.3 +1.4 Unclassified changes - net - 50.5 + .4 + 8.7 -1.2 - .6 -1.3 -1.4 Net change in commercial and industrial loans -114.0 —4.0 -37.0 -7.0 +4.0 +1.0 "— — T- — + 2.0 - .7 - 2.3 + .8 -21.3 ' V": . .9 +2.8 -1.5 1 •3 9.0 + .4 - .5 - -1.6 + 1*5 - .9 — + - - *2 ( 0 c) " -2 -i .0 r 2 ' 5 ) + 5.5 -1.2 +1.1 •5 + .3 - .8 + .8 .8 .1 - + -1.6 + .4 -1.9 — — - .4 - .9 • *1 - .6 - -7 - 1.9 Kansas San City Dallas Francisco! H 00 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 27, I960 All DisNew Phila- Cleve- RichSt. MinneBusiness of Borrower tricts P/ Boston York delphia land mond Atlanta Chicago Louis apolis (in millions of dollars) Manufacturing and mining: — — - 29.8 +1.3 -15.9 - .9 + .6 - .2 - -5 Food, liquor, and tobacco -2.0 -10.5 + 3.9 - .4 + 2.3 -+ .1 +1.8 - +1.1 Textiles, apparel, and leather + .1 - -3 Metals and metal products (including + 57-7 +1.8 +41.8 - .9 +4.5 + -9 - -5 + 6.2 +1.1 + .2 machinery & transportation equipment) + 3-3 + .2 + 7-3 + -7 +4.8 - .6 + 1.6 Petroleum, coal, chemicals, and rubber - .1 - .1 -1.0 - 6.4 - -5 + .3 - .9 + .8 + 1.2 + .2 - .4 7-8 Other manufacturing and mining - .8 • • ! - 5-9 -- - -9 - 1.4 p/ 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.
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