The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF OOVERHORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) June 22, i960 CHARGES IS COMMERCIAL AMD IHDUBTOIAL LOAMS BY dDOSTRY Commercial and industrial loans increased in all districts and a total of $^48 million at all reporting member banks during the week ended June 15, which reflected quarterly tax date needs. Except for a decrease of $38 million in loans to commodity dealers, all categories shewed net increases • f The larger net increases were $178 million in loans to manufacturers of metals and metal products, $100 million to public utilities, $52 million to manufacturers of food, liquor, and tobacco products, $54 million to "other" manufacturing and mining concerns, and $73 million to unclassified "borrowers. 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 15^' Owii*tive since year-end Dec. 30, 1959 Dec. 31, 1958 to . t o June 15, 1960E' June 17, 1959 (in millions of dollars) + 52 + 38 +178 562 + 260 +1,050 -423 +213 +817 + 17 + 54 + 28 328 -137 +196 - + Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 32 - 38 +100 + 20 + 23 + + 362 647 95 76 130 +297 -337 -208 +102 +125 Classified changes - net Unclassified changes - net +475 + 73 + 874 + 201 +645 +173 Net change in commercial and industrial loans +548 +1,074 +818 - „ j > Preliminary j/ 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. ! nwAwnea HJ COMMERCIAL AND INDUSTRIAL LOANS CP A SAMPLE OF WEEKLY REPORTING MEMBER BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEX ENDED WEDNESDAY, JUNE 15, 19&0 H.12(a) 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 Trade: Wholesale Retail 3 All Districts P + 52-3 + 37-6 +178.4 + 16.7 + 54.O + 32.2 San FranI 8t. IMinne-1 Kansas I I San Fran Nev Philar- [Sieve-] RiohAtlanta Chicago | %^iig I apolls I City | Dallaa | eisco jy York delphla land mond (In millions of dollars) - .8 + .1 + -7 + 3*8 + .7 - .8 + 1.7 - .3 - 2.9 + .7 + .2 + 2.0 + .6 + 96.8 + 9*2 +22.7 + .6 - 1.8 + 1.9 + 2.1 — .2 + 3.9 + 21.3 + 4.6 +10.3 + 1.6 - .4 - .2 +28.1 + 3.5 + 5-9 +1.2 + 7.1 + .6 + 1.4 +1.4 + 5.6 + 1.0 + 1.2 + .3 +2.8 +3.0 +2.1 - 1.6 + 1.6 + 2.3 4.4 + 1.3 + .4 + 1.1 5.2 + 2.4 + 3*2 - .3 -1.0 +1.0 + 6.6 + - 1.3 + .1 - 1«3 -2.1 - 1.3 - 3.7 - 2.1 - .9 .2 -2.1 +15.8 + 2.5 + 3-5 +1.6 +1.5 + 5.7 + 1.6 + 2.4 + 1.1 +1.1 + 3.1 + 1.4 + .6 + .7 + .4 + 4.0 + 44.6 + .9 + 19.1 + 1.2 + + + - 25.9 - Commodity dealers .2 — .1 - *9 .6 + 9*6 .1 .8 + + .2 -3 - .5 +1.0 |+2.o] + 3.1 .2 + .3 Public utilities (including transportation) + 99.8 + 66.8 + 3.1 — 2.1 + Construction + 19.7 +r 2.6 A n other types of business + 23.O + 13.4 - .4 + 1.9 + 4.5 +4.1 + 7.8 + 2.3 - .4 + .5 -7.5 - 3.2 Net change in classified leans _l/ +475.4 +250.2 +25.8 +39.0 +16.2 - «3 +69.3 +12.3 +12.4 +4.2 +5.1 +15.0 Unclassified changes - net + 72.6 • 2.2 + 5.2 + 7.0 — 2.2 +2.3 + 3-7 + .7 + 1.6 - .2 + .8 +52.0 Met change in commercial and industrial loans +548.0 +248.0 +31.0 +46.0 +14.0 +2.0 +73.0 +13.0 +14.0 +4.0 +6.0 +67.O p/ Preliminary; final totals vxjll appear in xne jr. a. BuxxeTiin ana »as — l/ About arm weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 P*r e e a * °* total commercial and industrial loans of all weekly reporting member banks and about 75 per cent of those of all commercial banks.
