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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 August 26, 1959 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in all but four districts and a total of $151 million at all reporting member banks during the week ended August 19• The principal increases were $60 million in loans to commodity dealers, $38 million to manufacturers of metals and metal products, $25 million to manufacturers of food, liquor, and tobacco products; $23 million to manufacturers of textiles, apparel, and leather products, and $22 million to manutacturers and producers of petroleum, coal, chemicals, and rubber products. The largest offsetting net decrease was $36 million in loans to public utilities. 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. 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 Aug.19^ fi/ Cumulative since mid-year July 1, 1959 July 2, 195# to . to Aug. 19, 19592/ Aug. 20, 1958 (In millions of dollars) + 25 + 23 + 38 - 12 +129 + 28 - 17 - 12 -304 + 22 + 16 + 29 + 98 + 19 - 22 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 7 + 60 - 36 + 5 - 6 + 46 +129 + 17 + 11 -119 + 7 +127 - 89 + 24 +102 Classified changes - net Unclassified changes - net +154 - 3 +357 + 71 -164 - 53 Net change in commercial and industrial loans +151 +428 -217 Note: The data in the first two columns are based on the revised loan classification; beginning with the week ended July 8, 1959? changes in commercial and industrial loans exclude loans to sales finance companies, and certain other nonbank financial concerns. The cumulative figures in the last column have been adjusted only by the exclusion of those loans previously classified as to sales finance companies; thus, this column is not strictly comparable with current figures. p/ Preliminary. CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT MEEK ENDED WEDNESDAY, AUGUST 19, 1959 H.12(a) Business of Borrower + 37.9 + .2 +29.9 +15.0 - .1 - *3 + .8 *7 + .4 5.9 + .3 + 4.8 + .2 -2.9 + .1 + 6.2 + 1.3 + + - 3*6 + .2 + 1.6 • 2 + .4 +1.1 + 1.6 - -3 + .8 - .9 + .8 + 5.9 + .3 - .5 -1.9 +2.4 + .5 + 9-3 - 1.4 + 2.5 + 6.0 +1.2 - .7 +4.5 +2.1 +3.0 CO -4.1 +1.5 OJ H +13.3 + 7.3 I +1.1 +4.9 + .1 + .4 + .4 -1.7 [+ 6.9] - .4 - 4.5 + 6.5 - .2 -1.7 - .2 — 1.4 + + .2 -3 + .6 +1.5 + -5 +14.2 + 2.5 + .2 4.1 -1.8 - .5 + .4 + 21.6 + 16.0 + .4 + .3 1 Trade: Wholesale Retail + 25.0 + 23.4 I 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 T „ . St. Minne- Kansas Dallas San Fra New Phila- Cleve- RichAll Dis^ cisco 2' tricts p/ Boston York delphia land mond Atlanta Chicago 1 L o u i s apolla City dollars) +g.2 H - 4.5 + .7 + 4.7 Commodity dealers + 59-8 - .2 +33-2 + .8 +1.9 + 7-3 +2.3 - 1.8 + 9.5 + .8 + .4 Public utilities (including transportation) - 36.1 +1.0 -28.4 -4.4 -3.2 - - ,6 + .8 + 1.3 + .2 -1.1 Construction + 5.4 -1.1 + .4 + -5 - .1 + .5 + 1.6 + 1.4 - .4 - .7 -1.1 + 4.4 All other types of business - 6.3 + .6 + .8 - •1 + 1.6 -2.6 + 1.1 - 2.3 + .3 +1.1 -4.1 - 1.8 Net change in classified loans l/ +153.6 +5-1 +79.5 -7-3 +13.1 - .2 +22.1 +19.5 +1.2 +2.1 -6.3 +18.6 Unclassified changes - net — 2.6 + .9 + 1.9 -1.8 - 7-1 + .5 -8.2 + -9 + .3 + 7.4 Net change in commercial and industrial loans +151.0 +15.0 -2.0 +15.0 +20.0 -7-0 +3.0 -6.0 +26.0 .2 -- + .9 " - 1.5 p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District imal ngures appear in a 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 ~ total commercial and industrial loans of all weekly reporting member banks and about 75 per cent of those of all commercial banks. 0 tT
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