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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1.12 (For Immediate Release) October 26, i960 CHARGES IN COMMERCIAL AMD IBD8BTRIAL LQAHB BY UDOSTRY Commercial and industrial loans increased in eight districts and a net of $28 million at all reporting member banks during the week ended October 19* Changes by industry were mixed, with the principal net increases being $99 million in loans to manufacturers of food, liquor, and tobacco products, $4? million to commodity dealers, and $36 million to the wholesale and retail trade. The larger offsetting net decreases were million in loans to manufacturers of textiles, apparel, and leather products and $59 million to manufacturers of metals and metal products. 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. Boslnees 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. I9S' Cumulative since mid-year June 29, i960 July 1, 1959 to to Oct. 19, 196oB' Oct. 21 1959 (in millions of dollars) + 99 - 74 - 59 +333 - 33 -543 + + - 380 60 262 + 5 - 27 - 51 + 56 + + 130 62 + + + + + 36 47 17 13 27 +143 +245 - 86 + 42 +137 + + + + - 251 353 280 4 148 Classified changes - net Unclassified changes - net + 82 - 54 +242 -338 +1,109 4l Met change In commercial and Industrial loans + 28 - 96 +1,068 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business 2/ Preliminary H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS OF A SAMPLE OF WEKUT REPORHNG MEMBER BY MDUSTRY AHD FEDERAL RESERVE DISTOICT, WEEK ENDED WEDNESDAY, OCTOBER 19, 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 manufacturipg and mining All Dis- . New Phila- Cleve- RichSan FranSt. Minne- Kansas tricts £/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas eiseo £/ (In millions of dollars) + 98.9 - 74.1 + .8 +44.5 +2.1 +3*5 +4.4 +2.2 -3.1 +22.1 - 4.9 + 6.9 - 3-1 +2.3 - -5 +l«7 -2.3 + *6 - .7 + 7.8 - 3.4 - 59-0 + 4.9 - 27.I - 4.3 ~30• 0 -+17.6 - 2.1 — 8.1 =2.0 = .1 +.2 - .3 + .1 —6.9 - .7 -1.5 +1.2 - .4 + .6 -17.7 - 5-7 - 4.1 - - .4 - .4 -1.3 -1.6 + „2 -2.3 -5.3 - .6 - .7 + .2 - 4.6 r35-7) + 1.3 + 2.1 - 1.2 +20.5 + .1 +1.5 + .4 +5.1 + .9 +2.2 + .5 +1.4 — 1.6 - 9-0 + .2 + 2.9 —2 0 6 + .7 - .5 +2.5 Commodity dealers + 46.9 + 2.5 + 1.9 +3.5 +3.3 +3 '4 +1.2 +10.8 + 9.4 +4.1 +2.5 +3.8 + Public utilities (including transportation) + 16.7 - .1 + 9-3 - .3 + .1 + .3 -** + 8.8 - .8 +2.5 + .5 - .1 - 3.5 Construction + 12.8 + .6 + 7-1 +1.9 + .5 + .1 + .6 — — - .2 + .8 +1.3 —2.0 + 2.1 All other types of business + 26.7 - 1.1 +19.0 - .2 + .7 - .3 -1.7 + .4 + 5.1 + .4 - .1 +2.1 + 2.4 Net change in classified loans l/ + 82.4 -12.6 +4i.o +4.4 +6.9 +7.7 +1.3 - =9 +18.9 +5.7 +5.4 Unclassified changes - net - 54.4 - 1.4 - 4.0 - .4 - .9 -3-7 + .7 - 3.1 - .9 +2.3 -3.4 -1.0 -38.6 Net change in commercial and industrial loans + 28.0 +2.0 - 4.0 +18.0 +8.0 +2.0 -1.0 -34.0 Trade: Wholesale Retail - 9*0 -42.9 -2=3 + -4 -2.3 02 - 1.5 + 5-3 — — .5 + 4.6 jg/ Preliminary; final totals will 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 70 per cent of those of 1 commercial banks.
@FedFRASER