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BQABD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 May 18, i960 CHARGES IN COMMERCIAL AMP mDSBgHAL LOAMS BY UDOSTRY Commercial and industrial loans increased in most districts and a net of $40 million at all reporting member banks during the week ended May 11. The principal net increases were $38 million in loans to the wholesale and retail trade, $23 million to manufacturers of metals and metal products, $22 million to "other" manufacturing and mining, and $28 million to unclassified "borrowers. The larger offsetting net decreases were $42 million in loans to public utilities and $19 million 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 Week ended , May U $ Z Cumulative since year-end Dec. 30, ] ? Dec. 31, 1950 to May 13, 1959 May 11, IS ^ dollars) (in millions -19 +10 +23 -529 +224 +825 -379 +182 +596 - 6 +22 - 64 +246 - 85 +158 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business +38 - 9 -42 + 4 -10 +317 -536 -172 + 66 + 85 +251 -247 -391 + 39 - 47 Classified changes - net Unclassified changes - net +12 +28 +462 +126 Net change in commercial and industrial loans +40 +588 +147 2/ 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) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING member BAmra Br INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MAY 11, i960 Business of Borrower Manufacturing and Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and m<wt»g land -IS.9 +10.0 —2.8 +1.4 - 7.2 + 5.1 -3.9 + .4 +22.8 = 5*8 +22.4 - .9 +1.0 - -5 +19.5 - .4 +10.2 +1.7 [+37.5^ + .1 -3.7 - 8,9 Public utilities (including transportation) Construction CMea mond 1.0 .8 San Francisco P/ 8 ° Louis + .1 + 1.7 + .5 +1.6 + 1.0 - '9 + .3 + .2 - .4 + .2 + 2.0 + .3 + .7 + 2.0 - .2 + . «5 + 5-3 - .2 -1.9 +1.7 •3 + •9 + 3.4 - .2 - .8 -1.1 + 5-6 + 3*6 +1.1 +2.8 .2 + 5.2 + .1 + 4.2 - .9 - .2 -1.3 + -3 + 7-9 +5.4 - .9 + 6.8 + .9 - 2.7 - 1.1 + .1 + -4-1.5 + .1 -25.9 -1.4 — .1 - 3.8 + 4.4 + .6 - 1.1 +1.0 + 1.6 + 1.8 + .1 + 1.8 — .6 -10.2 + .2 -12.2 + .4 + 1.0 + 0 Net change in classified loans l/ +11.8 -5.4 + 4.0 +4.7 + 8.6 Unclassified changes - net +28.2 +3.4 - 3.0 +2.3 Net change in commercial and industrial loans +4O.0 Trade: Wholesale Retail Commodity dealers All other types of business ft ^ + 1.0 *• E : B a U » « a " » total c c — r e l a l and 1-^trlti. ! « = . of til « * ! , r ^ t l * 8 + .9 + 2.0 + .1 : :l - 5.8 2.0 " leO - 6.5 - .5 + 3-9 2.2 + 2.7 * *2 * +2.3 + -9 la + .5 ( " j + 2.6 + 2.5 -1.9 -1.3 - 1.4 - — .2 — .1 - 1-3 - .1 + .9 + .7 — el + 5.1 + .5 + ol — .2 - 2.6 . 2.9 + 3-4 +2.1 +18.2 -1.7 -1.4 -1.7 -11.6 7.4 + 7.4 + 7.6 + .9 + 3-8 - -3 - .6 - -3 - +16 •© +11.0 +3.0 +22.0 .5 — .1 -4.9 - 8.5 - »3 .4 2.6 2.3 + 7-4 " r ~ ~ i . e e District final flgroes appear In a release of the Reserve Bank. a ^ ^ „ Z j :
