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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 January 20, i960 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans decreased a net of $40 million at all reporting member banks during the week ended January 13• The principal net decreases were $38 million in loans to commodity dealers, $27 million to the wholesale and retail trade, and $43 million to "other" types of businesses. The principal offsetting net increases were $31 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $28 million 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 Week ended . 2/ Jan. 13^ Cumulative since raid-year July 1, 1959 July 2, 195% tO y tO Jan. 13, 19602/ Jan. l4, 1959 (in millions of dollars) +469 - 2 +12 +28 + - 635 57 157 +31 +10 + + 240 20 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business -27 -38 + 5 -11 -43 + + + 123 685 482 30 69 +378 +254 + 45 +309 Classified changes - net Unclassified changes - net -36 - 4 +1,871 222 - +856 -386 Net change in commercial and industrial loans -4o +1,649 +470 - - -246 -318 «• — -139 +io4 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) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 13, 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 St. Minne- Kansas Dallas San FranAll DisNew Phila- Cleve- Richcisco P/ tricts p/ Boston York delphia land mond Atlanta Chicago Louis apolis City (In millions of dollars) not - 1.6 +12.2 - .5 -1.5 -17.4 + 7-2 +6.4 +1.6 - 2 • 1 + -7 + .4 +3.7 +3 • 6 + 7.5 +1.5 + 1.8 + .8 -3.3 - .2 — •1 + .3 + -7 + +27.6 +31.1 + 9.7 + .2 + .5 + .3 + 3*6 +28.5 + 7-9 -l.l +1.5 -1.4 +8.5 +4.5 +1.1 +12.5 - -5 - 3.4 + .6 + .2 + .9 + ,6 - .4 + .5 +2.3 + -3 + .7 + .2 +1.6 + .9 +1.8 - 1.2 - 4.4 + l.l (_P7 k) (27'n - -7 -1.6 - 4.8 -12.8 +1.7 - .6 - -9 - .1 -1.2 - .6 - .8 -1.3 - .8 + 1-5 -1.5 +1.2 + .8 - .6 + -1.3 Commodity dealers -38.3 + .5 -40.4 -l.l -1.6 - .8 - .4 - 4.6 -1.8 +5.4 +1.3 + 5.2 Public utilities (including transportation) + 4.7 - .2 + 3-7 + .6 - .4 -1.0 + .9 + 1.6 Construction -10.9 + .2 -11.6 - .2 + .4 + *3 - l.l +1.1 + .2 + .5 - All other types of business -43.4 - .6 -36.5 + .8 -1.7 +2.7 -2.0 + -3 - .8 + .3 + .5 - 6.4 Net change in classified loans l/ -36.3 -3.4 -72.6 +8.2 +8.1 +3.9 +4.8 +14.8 -2.7 +6.5 +6.9 —10.8 Unclassified changes - net - 3.7 —2.6 - 6.4 -1.2 - .1 -3.9 + .2 + 1.2 - -3 + .5 +1.1 — 1*2 +9.0 Net change in commercial and industrial loans -4o.o —6.0 -79.0 +7.0 +8.0 +5.0 +16.O -3.0 +7.0 +8.0 -12.0 +9.0 Trade: Wholesale Retail - - - - -7 .2 (_ 53.8) avail( ) .7 able p/ 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 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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