The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
EQAWP OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1.12 (For Immediate Release) July 6, i 9 6 0 CHANGES IN COMMERCIAL AMD INDSBmiAL LOANS BT TBDOSTRY Net Increases of $29 million in loans to public utilities and $12 million to "other" types of business concerns were the principal factors in the $17 million net increase in commercial and industrial loans at weekly reporting member banks during the week ended June 29. The larger offsetting net decreases were $16 million in loans to commodity dealers and $15 million to manufacturers and producers of petroleum, coal, chemical®, and rubber products. Changes in loans dn-ring the week and since year-end are shown below; the third column shows the changes during the comparable period last year. Business of Borrower Week ended June 29*' Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Cytiii »tive since year-end Dec. 30, 1959 Dec. 31, to , to June 29, i960*' July 1, (in of dollars) - 559 + 2 7 3 + 1 , 0 5 8 -519 +218 +864 - 5 2 — 1 6 2 + 3 5 2 + 1 B 8 Trade--wholesale and retail Commodity dealers Public utilities and transportation Construction aii other types of business + Classified changes - net Unclassified changes - net + + Net change in commercial and industrial loans - 6 7 5 - 5 2 + " 93 + 152 +17 9 6 2 198 +1, + 7 6 0 j>/ 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) CHARGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMP1E OF VEffiLT REPOR33HQ MEMBER BANKS BY INDUSTRY AND FSDBRAL RESERVE DISTRICT, WEHC ENDED WBBBBBDUr, JOKE 29, i 9 6 0 Manufacturing and miningFood, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and All DisNew Phila- Cleve- RichSt. Minne- Kansas tricts jg/ Boston York delphia land mond Atlanta Chicago Louis City (In millions of dollars) i Business of Borrower - 1-9 +11.2 -10.7 + -7 +3-8 + 2 . 7 + 5 . 2 + .4 + -7 . 1 — . 1 - 1 . 0 .2 + 1-5 - .6 -3.3 + .9 - .7 - -3 .2 — + 2 . 7 + .7 .5 -4.5 - 1 . 0 + — 2 . 0 - -7 - .9 -1.2 -1.1 +2.3 -1.1 +1.1 -1.3 — .2 + .1 - .3 + 2 . 3 - .5 + .2 + .1 Dalla8 + San Fran lcl8eo £/ .1 - .4 Not -3.3 - .9 - 5.4 - 5.8 - 1 . 2 - 1 0 . 1 + (+ 8 " 5 ) - .7 + .5 + .6 + 6.6 + 1.4 + 1.9 Commodity dealers -16.2 - -3 - 5.3 — 1.6 - 1.7 - .7 - .3 —1.4 -3-3 -1.7 + -3 Public utilities (including transportation) +28.7 +2.0 + 2 2 . 5 + 5-4 + 1.4 - .4 -3.9 + 2 . 2 -1.5 + .4 + .6 Construction + 7.5 —1.1 + 1.8 + .6 - + -5 +2.0 + .1 - .4 + 1 . 5 + 2 * 0 All other types of business +12.4 - -3 + 5-5 + .1 - +4.0 + .6 +1.0 +1.3 + 1 * 8 Net change in classified loans 1/ +10.9 - .8 + 1 8 . 3 +10.9 - 7.0 —2.8 -4.6 -1.1 -4.3 -1.2 - .1 + 3 . 6 Unclassified changes - net + 6.1 +1.8 - + 4.1 - 5.0 +1.8 + .6 -5.9 - .7 +1.2 +2.1 - .6 +7.0 Net change in commercial and industrial loans + 1 7 . 0 +1.0 +18.O -12.0 -1.0 —4.0 -7.0 - 5 . 0 +2.0 +3.0 +7.0 Trade: Wholesale Retail -1&.7 -13.9 .3 + 5.5 - 1 . 0 1.5 - .4 .1 + 1.9 - . 2 1 . 2 +15.0 .8 + .4 + .9 .8 + -5 •»— - -7 + - + .9 .9 . 2 .2 - -7 -1.3 + *3 — 2 . 0 + .3 — . 2 - 2 . 0 M — availe2 — able - - J?/ 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 mmmber banks and about 75 per cent of those of all commercial banks.
