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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
2.12

June 8, i960

(For Immediate Release)
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Commercial and industrial loans decreased in most districts and a net of
$10 million at ml 1 reporting member "banks during the week ended June 1. The principal
net decreases were $18 million in loans to the construction industry and $17 million
to manufacturers of metals and metal products.
The largest offsetting net increase was $38 million in loans to manufacturers
of food, liquor, and tobacco products.
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
Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
All other types of business

Week
ended
June 1 2/
+ 38
-17

Cumulative since year-end
Dec. 30, 1959
Dec. 31, 1958
June 1, 1960^/
June 3, 1959
(in millions of dollars)
-535
+220
+877

-433
+173
+668

-

8
9

- 34
+253

-144
+155

—
+

8
1
4
18
7

+354
-584
-177
+ 53
+120

+278
-320
-371
+ 67
- 4

Classified changes - net
Unclassified changes - net

- 20
+ 10

+548
+149

+ 68
+111

Net change in commercial and
industrial loans

- 10

+697

+179

jo/ Preliminary
Note: Cumulative figures in the last column are not strictly comparable yith
current figures because of revised loan classification beginning with week ended
July 8, 1959.
In addition to the usual weekly table, a monthly table is attached showing
changes during May compared with the preceding month and with May 1959# and also
showing changes during the past twelve months.
All industrial classifications except manufacturers of food, liquor, and
tobacco products, commodity dealers, and public utilities showed net increases in
loans in May; in all but two instances the pattern of changes was similar to May 1959 •
The current monthly decrease in loans to public utilities was the largest
decrease in this category since April of last year.




H.12(a)

CHARGES IN COMMERCIAL AMD INDUSTRIAL LOANS CP A SAMPLE OF WEEKLY REPORTING MEMBER BASKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 1, 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- RichSt. Minne- Kansas
All DisSan Frantricts J?/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco £/
(In millions of dollars)
- .8
+ -3

-2.6
- -5

+ 1.0
+ 1.1

- 1 . 8 +1.0
- 8#7

+ .5
+ ©2

- *7
- .1

+6.3
+ .3

+ .5
+ .1

+ -7
- .6
- .3

-13.0
+ «7
- 5-5

— 4 .0 —1.4 -2.4
.3 + .2 + «6
+ 1*3 +
- .3

+7.3
-1.6

+1.9
- -5
- -3

-1.0

+ .3
- -3

+1.4
-1.2

+ 1.6
— 6.2

- I06
+ o2

+ .8

+ .1

+ .6

- .4

- 4.4

- 3*0 + *4 -1*9

+ .4

- .2

- 1.4

-1.3

—1 «6

+ «5

—1.0

+

.4

+

o2 + .1
i

+ ol

- *9

-7 -11.4

-5.5

- .5

— 04

- .2

- 2.2

+

08 +1.6 + .5

+1.2

-2.8

+ 7.1

- 1.7 +12.3

-1.7

+2.2

- .1

- .3

+ 2.5

+

ol + e3 + .2

-8.4

+1.7

Net change in classified loans l/

-19.8

+10.1 +24.3

-5.8

-3.1

+ .7

-5-0

-24.0

-1608

+2.4

-2.9

-3-2

+3-5

Unclassified changes - net

+ 9.8

-

+ 8.7

+ .8

+1.1

-3-7

+ loO

+

-2.4 + .9

+ „2

+2.5

Net change in commercial and
industrial loans

-10.0

+10 oO +33-0

-5.0

-2.0

-3 »o

-23 < 0
>

-l6o0

-3-0

+6.0

+37-8
+ -3

+ 1.5 +34.0
+ 4.5 + 2.4

- .6
- .2

+1.0

-l6.7
- 7.7
- 9.4

+ 5.6 - 8.0
+ 4.8 -18.1
- .2 + .4

+1.2
+ .1
+ *1

+2.2
-1.9
-3 =6

(„ g 0 \
z ° ,)

- -7 - .3
- 1.9 + 4.1

+ .9
+ .4

Commodity dealers

- 1.1

- 3 *8 +10.3

Public utilities (including transportation)

- 3.6

+ 1.3

Construction

-18.2

+

All other types of business

Trade:
Wholesale
Retail

.1

— •»

— —

——

-5.0

oI
i

- *3 - .6 ( , k ) +1.3
—
) -3.3
+ .3 ("

—

-2.0

2 / Preliminary; final totals will appear in the F. R. Bulletin and Sen 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.



H.12(b)

CHAISES IN C0M4ERCIAL AKD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

Business of Borrower

4 weeks
ended
May 25. I960

k weeks
4 weeks
ended
ended
Anr. 27. I960 May 27. 1959
(In millions of dollars)

12 months
ended
May 25. I960

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

- 56.2
+ 5.1

-169.9
- 38.1

— 6.2
+ 34.1

+
+

7.6
204.9

+136.1
+ 9.6
+ 53-0

- 29.9
+ 10.6
+ 44.9

+132.8
- 9-3
+ 44.6

+
+
+

941.5
174.2
320.3

Trade — wholesale and retail

+ 88.5

+101.9

+ 43.1

+

536.2

Commodity dealers

- 75.7

- 88.5

- 80.2

+

99.1

Public utilities (including transportation)

- 73-4

- 63.2

+ 81.7

+ • 501.4

Construction

+ 31.8

+ 21.0

+ 29.2

+

136.7

All other types of business

+ 35.3

+ 38.5

+ 74.2

+

230.6

Net change in classified loans 1/

+154.1

-172.7

+344.1

+3,152.5

Unclassified changes - net

+ 77.9

+ 86.7

+106.4

+

Net change in commercial and
industrial loans

+232.0

- 86.0

+450.5

+3,186.9

34.4

1/ See footnote on preceding table regarding current coverage and Note on first page regarding comparability with prior figures*