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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g.12 (For Immediate Release) April 29, 1959 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY A majority of the industrial classifications were represented in the net decrease of $39 million in commercial and industrial loans at weekly reporting member banks during the week ended April 22. The principal net decreases were $32 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, $20 million to "other" types of business concerns, $17 million each to manufacturers of food, liquor, and tobacco products and to manufacturers of metals and metal products, and $16 million to public utilities. Partially offsetting net increases were $4$ million in loans to sales finance companies and $10 million to the construction industry. 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 Week ended , April 22g/ Cumulative since year-end -17 + 2 -17 -384 +l4l +517 - 526 + 106 + 93 -32 - 6 - 92 +109 + 46 77 - 159 289 774 184 - §9 Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business +45 -16 +10 -20 +191 -218 +31 -361 + 17 - 99 Classified changes - net Unclassified changes - net -55 +16 -147 - 19 -1,791 213 Net change in commercial and industrial loans -39 -166 -2,004 - 5 Jl Preliminary; see footnote on attached table. I _ Dec. 31# 195^ Dec. 31, 1957 to / to Anr. 22, 1959^ Apr. 23, 1958 (In millions of dollars) H .12(a) CHANGES IN COM-lERClAL AND INDUSTRIAL LOANS OF A SAMPLE OF "WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 22, 1959 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- ; j Cleve- RichAll DisDallas cisco I?/ tricts £/ Boston York delphia 1 land mond Atlanta Chicago Louis apolis City (In millions of dollars) - -3 - •1 - -3 - .2 + - - .4 + .8 - • 2 -1.5 + .2 + .7 +1.1 -1.2 + .1 - .4 -3-4 + .5 + 7.4 - -9 - 1.2 + 2.4 - 6.4 + .6 + .2 + .4 + .9 + .4 (+1.7) +1.1 -16.7 + 2.4 + 1.2 - 9.5 - 2.3 + 1.2 -1.8 - .8 - .9 + «3 - .6 + -7 - .4 +2.8 — 2.6 - 1.1 - .8 +2.2 -17.0 -32.4 - 5.8 - 1.0 -14.2 - .8 - 6.5 + .3 - 4.4 -4.9 - .3 -1.8 -2.9 - .9 - .2 - .4 + .8 -1.6 +1.3 - 4.2 -13.1 - 2.0 + «3 1.1 - 3*3 -1.1 +1.2 - .2 -1.1 + .1 +1.9 + .6 + .6 ( __ ) ( )+ - - - - -1.3 - - ( ') .6 .3 + .2 - 1.6 + .9 + 5.8 + .5 - .1 - .6 + -7 - 3-2 -4.3 -1.0 - .3 -1.9 - 1.4 Sales finance companies +45.O - .3 +47.3 +1.1 +7-2 + .2 -1.8 + 8.6 + -3 - .8 -2.5 +1.9 -l6.2 Public utilities (including transportation) -16.2 •3 -10.8 + .6 - '7 + -3 -2.0 - 7-4 + »3 - .3 + .2 + 3-9 Construction +10.1 - .4 + 1.0 - .1 + .3 + -5 - .6 + 2.8 + .2 - *1 + .6 +2.9 + 3.0 All other types of business -19.5 - 4.4 -21.4 +1.6 - .7 +1.4 - • 2 + 1.9 +1.0 + .7 +1.3 - .8 + -14.5 -4.0 -1.5 +3.3 + .2 -24.3 - '7 -1.2 - .1 + .2 - 6.4 + .7 +4.2 +2.1 - .2 +32.4 +3.0 +2.0 ON O - 4.9 1 Commodity dealers -55.0 Unclassified changes - net +l6.0 -22.0 - 7.5 -1.0 + .5 +2.7 + .8 + 3-3 Net change in commercial and industrial loans -39.0 -28.0 -22.0 -5.0 -1.0 +6.0 +1.0 -21.0 1 Net change in classified loans l/ .1 +26.0 2/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Baric, l/ About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 P e r cent of total commercial and industrial loans of all weekly reporting member banks and about 75 P e r cent of those of all commercial banks.
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