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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.