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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) October 12, i960 CHARGES IN COMMERCIAL AMD IHDUSTOIAL LOAMS BY IBDOSTRY Commercial and Industrial loans decreased in seven districts and a net of $146 mi llion at all reporting member banks during the week ended October 5. The principal net decreases were $122 million in loans to public utilities, $88 million to manufacturers of metals and metal products, $31 million to manufacturers of textiles, apparel, and leather products, and $42 million to unclassified borrowers. The larger offsetting net increases were $63 million in loans to manufacturers of food, liquor, and tobacco products, $46 million to the wholesale and retail trade, and $20 million to commodity dealers. 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 Week ended / Oct. Cumulative since mid-year June 29, I960 July 1, 1959 to , to 7 Oct. 5, i960* Oct. 7, 1959 (in millions of dollars] + 63 - 31 - 88 +204 + 57 -443 + + - 315 115 163 + l 2 - 76 + 75 + + 135 71 Trade—whole sale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 46 + 20 -122 - 9 + 16 + 50 +l4o - 57 + 25 +117 + + + 120 277 312 1 110 Classified changes - net Unclassified changes - net -104 - 42 + 92 -342 +1,070 41 Het change in commercial and industrial loans -146 -250 +1,029 - jo/ Preliminary In addition to the weekly table a monthly table is attached showing changes during September compared with the preceding month and with September 1959, and also showing changes during the past twelve months. Most of the changes by industrial classifications during September were in the same direction as in September 1959• Exceptions were in loans to manufacturers of metals and metal products, "other" manufacturing and miming concerns, and to the construction industry, which increased during the current month in contrast to decreases a year ago. CHANGES 331 COMMERCIAL AND INDUSTRIAL LOAMS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 5, 19&0 H.12(a) Business of Borrower All Dis- 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 San Fran* St. Minne- Kansas New Phila- Cleve- RichBoston York delphia land mond Atlanta Chicago Louis apolis City Dallas I cisoo to Jgi (In millions of dollars) 57 .6 •5 62.6 30.7 + .1 + 43.9 + -3.5 - 19.2 - .3 -7 + .7 +2.3 + + .6 .1 +1.1 -1.1 +10.0 + 1.7 + - 2.4 — 6.1 87.8 •9 2.1 + .4 -101.5 - 1.2 -1.0 - 1.6 — .6 -1.4 + 3 '6 - 3-3 +1.5 -3 »6 - .9 - + .4 .8 •5 -2.3 - el - .6 +14.2 - 1.2 + 1.0 + 1.0 •3 4- •3 - .8 - .4 - 1.2 (+ 46.3? + .7 - 1.4 + 1.1 —— + 20.0 — .5 - .3 + .7 - .2 + 5*^ +1.2 +2.1 + .6 + +16.4 + .3 + .6 .7 ( =* .2 .5 -1.8 + 8.4 -1.5 + 7-0 + .2 + 5.8 +4:51 " -4.9 + .3 + .6 -4.2 i - .2 - .2 - .1 + 6.5 +4.0 - .6 - 1.7 -3-3 .5 + 1.0 + .5 +11-9 +2.8 +8.8 +45.1 -16.3 - 2.6 +2.1 +37-5 - •7 - 1.4 — .8 - 2.1 + -3.1 + .5 +4.7 +10.0 +8.0 +43.0 -16.0 -23.0 -1.0 +38.0 +4.0 + 19.8 +1.5 - 1.3 + -3 + 3.1 +4.3 + 3.0 - Public utilities (including transportation) -122.0 + .7 -126.2 + 2.4 -1.5 + 1.0 +1.9 - 1.4 -10.5 + 1.2 Construction - 8-9 - .2 - . .8 - 2.8 All other types of business + 15-5 -1.1 - 7.9 - .9 + .1 + 2.2 +1.4 + 5.0 + Net change in classified loans l/ -104,0 -3-8 -177.3 - 7-5 - .7 +11.4 Unclassified changes - net - 42.0 -3.2 - 13.7 - 2.5 — .3 Net change in commercial and industrial loans -146.0 .7.0 -191.0 -10.0 -1.0 —— +3.7 + .7 — .4 4.7 Commodity dealers + 13.8 - .1 - .3 + .3 + >9 - .5 ~ .2 -- .3 -20.4 +1.1 - 2/ 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 «-Ti- weekly reporting member banks and about 70 per cent of those of all commercial banks. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY H.iaCb) 4 weeks ended Sept. 28, I960 Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery and transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining 5 weeks 5 weeks ended ended Auk. 31. I960 Sept. 30, 1959 (In millions of dollars) 12 months ended Sept. 28. i960 +143.3 - 26.4 +101.5 + 89.2 +275.5 - 5.8 49.8 + 173-9 + 64.8 + 15.O + 4l.8 -111.9 - 10.8 + 23.7 -157.2 +101.4 - 25.8 + + 703.0 9.1 375-1 Trade — -wholesale and retail + 81.5 - 32.2 + 40.4 + 444.7 Commodity dealers + 45.5 + 83.3 +103.0 - 51.9 Public utilities (including transportation) +190.8 -105.1 +267.6 + 163.9 Construction + 8.8 + 20.3 - 9.0 + 141.3 All other types of "business + 41.2 + 55.4 + 22.6 + 345.7 Net change in classified loans 1/ +606.3 +113.4 +612.7 +2,236.8 Unclassified changes - net - 35-3 -124.4 -109.7 - Net change in commercial and industrial loans +571-0 - 11.0 +503.0 +2,060.0 1/ See footnote en preceding table regarding current coverage. http://fraser.stlouisfed.org/ Federal Reserve Bank&of St. Louis f * i ^ t f > * i * > 176.8
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