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pnAan op GOVERHORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
H.12
June 15> i960
fiWAunieR in COMMERCIAL AMD IKDUSTRIAL LOAMS BY i M W M B Y
Commercial and industrial loans decreased in most districts and a net of
$179 million at a n reporting member banks during the week ended June 8. The principal net decreases were $75 million in loans to manufacturers of food, liquor, and
tobacco products, $39 million to public utilities, $31 million to the wholesale and
retail trade, and $23 million to commodity dealers.
fphm largest offsetting net increase was $l4 million in loans to "other"
manufacturing and mining concerns.
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
June
Cumulative since year-end
Dec. 30, 1959
Dec. 31, 1958
to
/
to
June 8, 196p2/
June 10, 1959
(in millions of dollars)
- 75
+ 3
- 9
-6l2
+225
+869
-459
+194
+702
- 10
+ i4
- 45
+275
-149
+160
Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
Ail other types of business
- 31
- 23
- 39
+ 3
- 9
+324
-608
-198
+ 58
+114
+281
-334
-324
+ 82
+ 34
Classified changes - net
Unclassified changes - net
-176
- 3
+401
+125
+189
+122
Met change In commercial and
Industrial loans
-179
+526
+310
2/ Preliminary
Mote: 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.
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 8, 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
New Phila- Cleve- RichAll DisBoston
York delphia land mond Atlanta
tricts 2/
(In millions of dollars J
St. Minne- Kansas
San FranLouis apolis City Dallas ciseo £/
1
1
H. 12(a)
- .5
- .7
+ •5
+ .3
+
1 . 9 + «2 - 1 . 3
+ .5
7-7
- .4
7.1
+1.1
-» e2
- .8
+ .6
.2
+ .1
—
7
•0 75-3
+ 3.0
-1.8
—2.4
8.9
9.6
+ 13.7
-3.7
- .9
+ .6
+
+
-
Trade:
Wholesale
Retail
.7
—
+
-
<-2 «6 +2.0 -
57.0
6.9
.5
.3
«•=»
+9.6
+
2.7
+
.6
+1.6
+
el
-10.7
+
.3
—
-3.3
- .9
8.4
3.3
+ .8
- «3
+ •5
+ .3
+ •9
9.0
+ •9
+ 1.7
- .4
- .4
+ .4
+ .1
•3
+ •5
•»
-
**
.1
—
.5
•3
-
.9
.3
.2
+ 1.0
.2
-
-3.8
- .6
• .8 + .1
•1.6 - -5 {- l A >
-1.4
.2
- 23.0
— .7
+
.9
—1.5
-
.7
-5.5
- «3
- 3«3
-3.1
Public utilities (including transportation)
- 38.5
+1.3
- 43 *2
— .2
+ 1.5
- .4
- .1
+ 2.2
- .6
*»•»
Construction
+
3*4
+ .2
- 2.0 + .5 + .9
+ .9
+ .9
+ 2.0
- .6
- .3
All other types of business
-
9-1
+1.1
- 25.8
+1.7
4.0
+1.1
+1.4
—
- .6
Net change in classified loans l/
-175.7
+4.0
-123.6
+2.3
-14.9
-8.0
+2.3
-21.2
Unclassified changes - net
-
3-3
+2.0
-
.1
+2.0
-2.3
Net change in commercial and
industrial loans
-179.0
+6.0
-133.0
-15.0
-6.0
+3.0
—
+
-1.8
-
Commodity dealers
9*4 + »7 —
+ .1
- «3
- 8.1
+ -7
+ 1.7
— 2•2
+ 5.6
.8
13.3
- 1.6
- 5-5
+ 2.2
-1.2
- -
+ 2.8
-1.9
- .3
- .9
+ 8.5
+ 8.7
-7.2
-3.9
- .9
+11.7
-16.3
+ 4.2
— .8
- .1
-3.1
+
.3
+ 3.3
-17.0
-8,0
-4.0
-4.0
+12.0
-13.0
j>/ Preliminary; final totals will appear in the F. R. Bulletin and Sen Francisco District final 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.
@FedFRASER