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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM 1.12 (For Immediate Release) November 2, i960 CHARGES IH COMMERCIAL AND HOOSTOIAL LOANS BY IMBBBgff Commercial and industrial loans decreased a net of $11% million at all reporting member "banks during the week ended October 26. The principal net decreases were $68 million in loans to manufacturers of metals and metal products, $38 million to manufacturers of textiles, apparel, and leather products, and $31 million to public utilities. dealers. A partially offsetting net increase was $46 million in loans to commodity Changes in loans during the week and since mid-year 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 Classified changes - net Unclassified changes - net Net change in commercial and industrial loans 2/ Preliminary Week ended . Oct. 262/ + 1 - 38 - 68 + Cumulative since mid-year June 29, I960 July 1, 1959 to . t o Oct. 26, i960£/ Oct. 28, 1959 (la millions of dollars) +3^4 - 72 -609 - 20 3 - 50 + 34 + 8 +135 + 46 - 31 + + 412 22 - 297 + + 117 53 + 285 +291 + + 395 303 +161 - 173 - 8% - 30 +135 -3^5 +1,118 84 -114 -210 +1,034 - 8 + 24 -133 + 34 l H.12(a) CHANGES IN COMMERCIAL AND IKXJBTRIAL LOANS OF A SAMPUB CP WEHELY HBFOHHNG MEMBER BANKS BY INDUSTRY AND FKE8RAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 26, 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 Trade: Wholesale Retail St. M u m . Kansas All Dis- . New Phila- Cleve- Richtricts £/ Boston York delphia land mond Atlanta Chicago Louis spoils City (In millions of dollars) + • - + - (. (+ •9 38.0 +1.6 -6.4 - 4.5 -24.3 -1-3 + .1 +1.0 - -5 -1.0 67.5 + e2 +2.7 -2.6 -35.8 + 7.0 -12.1 +1.1 +1.0 -7.5 + .4 + .2 - -5 2.6 19.7 ) — el 7-5) + .5 -2.1 + .7 - - .3 + .4 +14.0 —2.6 —4.2 + -7 —1.4 - 1-7 - 2.0 +4.5 - .9 -1.7 + .3 - .4 -13.3 - 3-1 - —1.0 + .3 - .4 - 3-1 + 5-6 + .6 - .7 - .3 +1.8 + -5 mm -1.7 mm mm .9 mm - + + ,8 •1 4.0 •2 .1 - -2.5 •1 - •3 3.4 Commodity dealers + 45.9 - -3 +35-8 - .4 + .7 +2.5 + .4 + 3-7 +8.9 - Public utilities (including transportation) - 31.2 +1.2 -12.2 + .5 +4.4 + .2 +1.7 -20.4 + .3 + Construction - 7.9 -2.0 - 1*2 + -9 - .6 - .8 - .1 - .2 + .6 All other types of business + 23.8 + .2 +vt.2 - .1 -1.3 -2.8 +1.9 - 2.8 -1.8 + .2 .4 + - .5 *1 + .6 - 1.0 - .6 - •3 - 3'h - 4.1 + .4 -1.5 - 1.6 + .1 - + .8 ( - J - .6 .1 (- 3-5) + 1.5 .8 - 2.4 - - - 1.2 - 6.0 2*0 +1.4 - 2.4 - 1-5 •9 + .6 - 5.7 + 1.5 •3 - .4 + Net change in classified loans l/ - 83.6 -5.0 + .6 -3.2 -7.0 -4.3 +2.9 -38.2 +8.6 - 9*2 + .8 -18.7 -10.9 Unclassified changes - net - 30.4 —4.0 - 9.6 -2.8 +1.0 +8.3 - -9 -16.8 + .4 - 1.8 + .2 - -3 - 4.1 Net change in commercial and industrial loans -114.0 -9.0 - 9.0 —6.0 -6.0 +4.0 +2.0 -55.0 +9.0 -11.0 +1.0 -19.0 -15.0 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 200 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 70per cent of those of all commercial banks.
@FedFRASER