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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
- 2.4

- -

- 1.2

- 6.0

2*0
+

.8

+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.