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pnAnn OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM March 23, i960 (For Immediate Release) H.12 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in all districts and a total of $745 million at all reporting member banks during the week ended March 16, which reflected quarterly tax date needs. Except for a net decrease of $36 million in loans to commodity dealers, all categories showed net increases. mh* larger net increases were $224 million in loans to metals and metal products, $137 million to the wholesale and retail trade, $91 million to public utilities, $67 million to manufacturers of textiles, apparel, and leather products, and $73 million in "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 , Mar. 16®' Cumulative since Dec. 30, 1959 Dec. 31, 195# to to Mar. 16,1960* Mar. 18, 1959 (in millions of dollars) + 33 + 67 +224 -274 +261 +688 -223 +131 +448 + 4l + 73 - 16 +143 - 70 + 81 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction a n other types of business +137 - 36 + 91 + 26 + 37 +187 -334 - 36 + 9 + 16 + 62 -164 -200 + 8 - 97 Classified changes - net Unclassified changes - net +693 + 52 +643 - 32 - 25 - 95 Net change in commercial and Industrial loans +745 +6ll -120 jg/ 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. CHANCES IN COMMERCIAL AND INDUSTRIAL LOANS CP A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MARCH l6, i960 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, ooal, chemicals, and rubber Other manufacturing and mining Trade: Wholesale Retail All Dis- , St. Minne- Kansas San FranNew Phil*. Cleve- Richtrlcts j>/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco J>/ (In millions of dollarsJ .8 .8 + 67.2 + 1.7 + 3.1 + 34.9 + 4o.6 - 1.0 + 1.7 - 1.9 + .5 + + 1.2 6.3 + 1.1 + .8 +224.3 + 40.9 + 72.6 + 4.6 + •9 + 7.6 +113.0 +10.3 +18.1 + 1.5 - 3.2 + 1.6 + 7.7 + .1 + 1.0 + 12.7 + 1 . 3 + . 2 + . 4 + 49.3 + 3 . 5 + 7 - 5 + 1 . 7 + 5.1 + 1.8 +1.5 +2.4 + 8 . 3 + 2 . 1 + 1 . 2 '+ 1 . 2 + 32.7 V * *1 f** £+136.5) J + 2.3 + 3.8 + 18.4 + 1*0 + 30.4 + 7.6 + 3.3 + 5 *1 + 12.6 + 1.8 5.2 + 1.4 + 2.8 + 33.2 + 5.0 + 3.1 + + 1.5 5.2 + 3.2 + 4.7 + 23.5 1.0 4.9 4.1 + 2.5 + 3.2 - 7.0 - + + + 3.3 2.0 +3.5 +4.6 .8 + C5» .6 - .2 + 7.3 •5 + + p.8 : + 4.3 .2 - .2 6.0 + 1.3 L C , + 7.5 E /%) |.<£j . 0 - 3.2 + i2 . 0 + 5.5 + ;2 . 3 + 3.6 - + 5.2 + :1 Commodity dealers - 35-7 + 2.5 - 19.9 + 1.4 - .1 - 1.3 ~ 1.0 - Public utilities (including transportation) + 91.2 + 2.3 + 66.1 -12.1 • .6 + 2.4 + 1.0 + 20.2 + 1.5 Construction + 25.5 - •3 + + 3.1 + 5.3 + .7 + 1.9 - 1.3 + .6 All other types of business + 37.4 + 3.5 + 20 e2 + 1.4 + 4.2 + 5.0 - 1.0 + 4.6 + 2.5 .1 +2.1 + .1 + .6 Net change in classified loans l/ +692.6 + •$2.0 +357.4 +19.8 +39.8 +20.9 +19.5 +121.7 +11.9 +15.6 +12.6 +13.3 Unclassified changes - net + 52.4 + 7.0 - .4 — .8 +11.2 + 3.1 - .5 + 21.3 + 3.1 + 5.4 +3 . 4 - •3 - Net change in commercial and industrial loans +745.0 +39.0 +357.0 +19.0 +51.0 +24.0 +19.0 +143.0 +15.0 +21.0 +16.0 + 1i . o +;2 8 . 0 7.9 + .8 1.6 •» 3.2 i1 . 7 +28.1 .1 jg/ Preliminary; final totals vill appear in the F. R. Bulletin and San 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