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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 April 22, 1959 CHANGES IK COMMERCIAL AM) INDUSTRIAL LOANS BY INDUSTRY A net increase of $80 million in loans to the wholesale and retail trade was the largest item in the $250 million net increase in commercial and industrial loans at weekly reporting member banks during the week ended April 15• Other large net increases were $52 million in loans to sales finance companies, $28 million to "other" types of business concerns, $25 million to public utilities, and $52 million to unclassified borrowers. Partially offsetting net decreases were $20 million in loans to commodity dealers and $15 million to manufacturers of food, liquor, and tobacco products. 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 Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Cumulative since year-end Week Dec. 31, 1958 Dec. 31, 1957 ended , to , to April 15^' Apr. 15. 1959^' Apr. 16, 1958 (in millions of dollars) - 15 + 8 + 14 -364 +139 +534 - 497 + 139 + 233 + 15 + 8 - 60 +115 - 30 + 100 + + + + + 80 20 52 25 4 28 +191 -213 - 15 -345 + 7 - 80 - Classified changes - net Unclassified changes - net +198 + 52 - 91 - 36 -1,411 - 178 Net change in commercial and industrial loans +250 -127 -1,589 Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business • / Preliminary; see footnote on attached table. g 140 267 700 180 1 - 68 CHANGES IK COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 15, 1959 H.12(a) Business of Borrower Manufacturing and mining: All Dis-. Boston New IPhila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Francisco 2/ Louis apolis City York |delphia land mond trictsB/ " I millions of dollars) (n + .2 .4 + .8 - 1.1 15.4 + 7.9 .2 -17.4 + 2.8 + 9.3 + 5-1 „ - .4 + + 14.1 + 14.7 + 7-9 + • 5 - 7-3 1.2 + .2 + 1.8 + .8 +10.4 + 4.2 + 2.1 +1.5 - .4 - .5 + 1.1 +1.5 - + •5 + 6.1 + 1.1 +2.2 + 2.1 + 1.0 + 1.0 + 2.2 + • 6 — - + 1.9 + .7 + .3 - .7 - .8 2.7 + 2*6 + 3-6 - • 1 + •4 |+ 80.4^ + 1.1 + .4 + 1.7 +16.6 + 1.7 + 1.1 + 1.9 • .7 +14.1 + 3.7 -1.4 +3-9 + .5 + 3.4 +1.7 +2.7 + 1*2 + .9 + 1.8 +4.3 ) + 2.3 + 2.4 ) +15.1 Commodity dealers - 19-9 + 2.6 - 4.0 - 2.1 - + .1 - 1.3 -6.0 - Sales finance companies + 52.0 + 1.6 +42.8 - .1 -- - 2.4 -2.5 + 4.4 +1.1 Public utilities (including transportation) + 24.5 - 1.4 - 3.3 + 6.4 .9 - .7 + .4 - 2.9 -1.0 + Construction + 3.9 + 1.3 - 4.8 - 5.6 + .4 + 1.9 +1.2 + .9 +1.2 All other types of business + 27.8 + + «3 +1.6 + 2.9 Net change in classified loans 1/ +197.9 +11.5 +38.2 + 7.5 +30.3 + 6.0 +8.2 Unclassified changes - net + 52.1 + .5 + 6.8 + 6.5 + 3.7 + 4.0 Net change in commercial and industrial loans +250.0 +12.0 +45.0 +14.0 +34.0 +10.0 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 .9 +4.9 .6 1.2 .6 + •3 — -» .7 - 2.0 .6 + 4.1 + «l + 2.9 + + .3 - .2 - . 1 -1.7 — — - .5 -1.9 + .1 -1.2 .1 - .4 .4 - .2 - - 2.6 - 3.3 + .9 + 2.5 .4 -2.8 + .2 +30.1 + .9 +1.3 + 1.8 + 3.4 +1.0 + .5 -1.0 + 9.1 + 4.6 +15.9 -4.7 +12.1 +3.5 +13-7 +55.7 - .2 + 8.1 - .3 + 1*9 +3*5 - .7 +18.3 +8.0 +24.0 -5.0 +14.0 +7.0 +13.0 +74.0 p/ 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 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 psr cent of those of all commercial banks.
