View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

May 6, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
The net decrease in commercial and industrial loans at weekly reporting
member banks during the week ended April 29 amounted to $7 million. The principal
net decreases were $$1 million in loans to public utilities, $18 million in loans
to sales finance companies, and $13 million to manufacturers and producers of
petroleum, coal, chemicals, and rubber products.
The larger net increases were $20 million in loans to "other" types of
business, $18 million to the wholesale and retail trade, $15 million to manufacturers of metals and metal products, and $29 million to unclassified borrowers.
Changes in loans during the week and since year-end are shown below; the
third column shows the changes during the comparable period last year.

Business of Borrower

Week
ended
,
^ril_2^/

Cumulative since year-end
Dec. 31, 1958
Dec. 3%, 1957
to
to
,
Apr. 29, 1959^' Apr. 30, 1958
(in millions of dollars)

Manufacturing and mining:

Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

+15

-391
+l4l
+530

- 577
+ 94
+
1

-13
+ 3

-105
+115

+

+18

+
-

- 9
«• «.

-

84

76

Trade—wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business

-51
+ 5
+20

+210
-225
+ 9
-412
+ 23
- 77

Classified changes - net
Unclassified changes - net

-36
+29

-182
+ 9

-1,875
- 198

Net change in commercial and
industrial loans

- 7

-173

-2,073

- 7
-18

2/ Preliminary; see footnote on attached table.




- 157
- 237
- 778
-

131

2
85

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, APRIL 29, 1959

H.12(a)

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

San FranSt. Minne- Kansas
New Phila- Cleve- RichAll DisDallas
Chicago
Atlanta
Boston
cisco P/
City
apolis
Louis
mond
land
delphia
York
tricts £/
(In millions of dollars)
- 8.8
- .4

+ 1.8 - 4.5 - 1.0
+ 2.3 - .9 - .4

+15.0
-12.6

+ 2.8 + 6.8 + 2.8
+ .7 -11.9 - .3
+ .3 + .8 + .4

+ 3.2

(

(+18.0j

) - .2 + 2.4
-

+

.5 + 4.7 +

.6

.1

-1.5
+ »6
-2.3
- .3

- .1
- 1.0

-3.3
-1.1

+ 2.2
+ .1

-1.2
- -3

- .2
- .1

- • 1 + -3
+ *3 + .1

+ 1.0

+2.8 - 5.1
+1.0 + 1.8
• .2 + .6

+ .3
+ .9
+ .4

+ .6

- "3

+2.3

+ .8

- .9

+

-

+ .3

-

- .1

.1

.1

-2.3

-~ "7

+ .7

(
(

-1.2
-+1.6

— .2

+ .7

7) + .8
T
) +5.8

.6

.4

+ .7
- »2

+ 1.3
+ 2.0

+ .2
-2.0

+ -3
+ .6

+1.0
+1.9

.6

+ .2

- 2.8

-1.5

-l.l

- .6

-2.6

-1.4

Commodity dealers

- 6.5

+1.6

+ 5-5 - 2 . 6

- .6

-

Sales finance companies

-18.3

+ 3.7

+ 1.7 - 6.4

- -3

- 5.6

-2.5

- 7-5

+1.1

-1.5

+ .1

- .8

- .3

Public utilities (including transportation)

-50.5

- 4.8 -30.4

--

-6.6

-

.4

- .2

- 6.6

-1.1

+1.4

+ .1

--

-1.9

Construction

+ 5.1

+

.9

+ 2.9

+ 1.2

- .9

-

.4

+ .3

-

.7

+ .4

+ .1

+ .4

+2.1

-1.2

All other types of business

+19.7

-1.8

+18.8

- 5.6

+3.7

+

.7

+1.7

+ 1.1

+ .3

+ .4

-1.5

+2.2

- *3

-Net change in classified loans 1/

-36.1

+ 6.8 - 4.1 -11.2

-8.0

- 7.4

- .8

-13.6

-2.5

+1.0

+ -7

+ .6

+2.4

Unclassified changes - net

+29.1

+25.2

•9 - 1.8

+1.0

- 4.6

- .2

+ 3.6

+1.5

-1.0

+1.3

+ .4

+4.6

Net change in commercial and
industrial loans

- 7.0

+32.0 - 5.0 -13.0

-7.0

-12.0

-1.0

-10.0

-1.0

+2.0

+1.0

+7.0

jo/ Preliminary; final totals mil appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank.
If About 210 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 75 per cent of those of all commercial banks.