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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1.12 (For Immediate Release) May 4, i960 CHANGES H COMMERCIAL AMD IHDUSmiAL LOANS BY INPOBTRY Commercial and industrial loans decreased in eight districts and a total of $46 million at all reporting member banks during the week ended April 2J. The principal net decreases were $63 million in loans to manufacturers of food, liquor, and tobacco products and $35 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products. The larger offsetting net increases were $24 million in loans to manufacturers of metals and metal products and $36 million to "other" types of business. Changes in loans during the week and since year-end are shown below; the third column shows the changes daring 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 , Apr. 2.j&' Cumulative since year-end Dec. 30, 1959 Dec. 31, 195# to , to Apr. 27, 1960^' Apr. 29, 1959 (in millions of dollars) -63 -13 +24 -513 +214 +757 -395 +l4l +536 -35 + 1 ".•25 +209 -105 +111 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 7 -12 + 9 + 4 ±36 +274 -504 -103 + 38 + 78 +217 -227 -4l8 + 22 - 77 Classified changes - net Unclassified changes - net -42 - 4 +4l6 + 59 -196 + 8 Net change In commercial and industrial loans -46 +475 -187 jg/ Preliminary Bote: 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 IH COMfiERCIAL AND INDUSTRIAL LOANS CP A SAMPLE OF WBffiUf REPORTING MEMBER BANKS BY IHDOSTBY AND FEDERAL RESERVE DISTRICT, mnar ENDED WEDNESDAY, APRIL 27, i960 H.12(a) Business of Borrower — 8.0 + 1.2 .6 4.6 + 1.2 + 2.0 •7 + 2.2 -1.2 + .1 - el .4 -1.3 + .2 - .4 - -9 -1.3 - 3-9 - 4.9 +1.1 - «3 +1.3 + .7 -2.7 - 4.0 - 3 *2 -1.7 -2.4 + .5 + .9 - .2 + 1.3 - .6 - .5 — .8 + .6 + 6.3 + .3 ° *2 + .5 + 1.5 + -7 + -3 - •9 + + -3 +1.0 +2.2 -1.7 + 7.6 + 1.7 cc. + .5 - 3.1 + 2.2 -14.7 +5.1 +1.4 + .6 —6.0 -13.0 -12.6 -2.0 —4.0 - 9.5 +12.1 +2.2 - 6.3 + .9 + .6 -3.6 —— + 4.0 + e6 —1.0 +1.0 - •5 - 2.1 +3.0 -21.0 +6.0 +2.0 -3.0 —6.0 - 9.0 -12.0 -3.0 -3.0 10.0 +10.0 +4.8 -1.1 —1.2 - .1 - .1 - .8 —1.1 -1&.1 + .6 +2.0 -1.9 +18.2 -23.7 - .2 +1.3 —1.0 +1.0 +1.6 +1.1 -3.2 -1.5 + .9 + .5 + .8 - *3 + .8 + 1.6 - 3-7 - .6 j . « i + -7 + .5 + 3«0 - .4 + .6 - -7 - .5 +1.8 + .2 -1.1 + .4 -1.7 + 4.7 Commodity dealers -11.6 + .3 + 4.4 -2.0 + .3 —l e i Public utilities (including transportation) + 9.3 +1,2 — 1.4 +2.3 + .2 Construction + 3.9 + .8 + .7 - .4 All other types of business +35.5 — .2 +25.0 Net change in classified loans l/ -41.8 + .8 Unclassified changes - net - 4.2 get change in commercial and industrial loans —46.0 Trade: Wholesale Retail 2.8 .1 + .8 - .2 -36.7 - 3.6 -63.0 -12.8 +24.4 -35.1 + -9 Minne- [Kansas! __ San Franapolial City |Palla*|ei8CO Jg/ -s* -d* H-d1 l 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 All Dis- 1 I New IPhila- ICleve-| Rich-I , " . . St. trlote jg/|B°ston| York Idelphlal land | mond | A t l a n t a l < a i l e a e o lLouls m i n i m a of dnllATS) — + + 1,1 l p/ preliminary; final totals will appear in xne r. it* suxiexin ana »an rraneisoo bibwiok xuutw. iiguiiss 0 ^ 0 1 iu » 1/ About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 P®r c e n t ~ total commercial and industrial loans of all weekly reporting member banks and about 75 per cent of those of all commercial banks. + 3.1 + 3.2 —- of .6 "*•
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