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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

H.12

(For Immediate Release)

December 23, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Commercial and industrial loans increased in most districts and a total
of $389 million at all reporting member banks during the week ended December lb,
which reflected quarterly tax date needs. The principal net increases were
$168 million in loans to manufacturers of food, liquor, and tobacco products,
$84 million to manufacturers of metals and metal products, $60 million to commodity
dealers, $28 million to manufacturers of textiles, apparel, and leather products,
and $70 million to unclassified borrowers.
Partially offsetting net decreases were $21 million in loans to public
utilities and $17 million to the wholesale and retail trade.
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 /
Dec. ±&'

Cumulative since mid-year
July 1, 1959
July 2, 1950
to
/
to
Dec. 16, 1 9 5 #
Dec. 17, 1958
(in millions of dollars)

+168
+ 28
+ 84

+
-

700
44
172

+ 661
- 199
- 372

- 11

+
+

184
32

-

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

- 17
+ 60
- 21

+
+
+

+ 15
+ 4

415
669
360
2
94

+ 349
+ 401
+ 200
+
45
+ 304

Classified changes - net
Unclassified changes - net

+319
+ 70

+2,046
- 105

+1,261
- 258

Net change in commercial and
industrial loans

+389

+1,941

+1,003

+

9

20
106

2/ Preliminary.
Note: Cumulative figures in the last column are not strictly comparable with
current figures because of revised loan classification beginning with week ended
July 8, 1959.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, DECEMBER l6, 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/
Louis apolis City
York delphia land mond
tricts P/
(in millions of dollars)
+4.6
- .1

+5.9
- .8

+ 3.1
+ 1.4

+ 1*7 + 37*0 + 4.0 + .4 +1.8
.2 + 4.8 - .4 + *3
+ 1.1 -

+4.8 + 47*4
- .6 - 5.4
-l.l + 3-1

-5*7
- *7

+3.5
-1.0
- .9

+ *3
+ .2
+ 2.4

+
+
+

l6.8^ +2.0 + 10.2
- 2 . 9 - 36.8

+ .6
- .9

+1.8
-3.8

+ .4
- 4.5

)
— 1.4 —
.5 — .8 + • 6 — .5 (
-3*1
)
+ .4 + 31 *8 - 3*5 -— -5*9 (

+168.1
+ 28.2

-l.l +111.6
+4.2 + 18.1

+ 84.1
- ll.l
+ 9*1

(

.8 + 21.7 +
.2 - 1.6 .8 + 5*8 -

•3 +3*1 - *3
.1 +1.7 - *3
- .4
.6 —

- .9
- .2
+2.5
+1*5
+ *7

•Commodity dealers

+ 59-9

+3 .6

+ 4l .0

- .6

+ .5

+ 2.5

+ 1.0 + 3 *0 + 6.3

+ .7 -1*5

+3.4

Public utilities (including transportation)

- 21.3

-2.1 - 37-7

+ .1

- .4

- 1.0

-

.9

+ 17.2

- 1.5

+1*6

+2.7

+ *7

Construction

+ 14.9

-1.3

+1-4

+1.7

+ 1.3

+ 2.3

+ 1.6

+

+ .2

+ .1

+3*0

All other types of business

+

-3-7 + 3-0

+ .1

+1.5

+ 1.6

+ 2.6 + 1.4 +

.2 + .6 -2.4

-1.2

3.7

+

4.3

.3

Net change in classified loans l/

+318.8

+1.8

+158.8

-1.2

+8.0

+ 7*7

+ 8.6 +117.2

Unclassified changes - net

+ 70.2

-1.8

+ 3.2

+ .2

—

+ 3.3

+ 1.4 + 4.8 + 2.6

Net change in commercial and
industrial loans

+389.0

+162.0

-1.0

+8.0

+11.0

+10.0

+122.0

+ 9.h +8.5

+12.0

Not

avail-

able

-6.4

+6.4

-1.5

-1*6

- .4

+60.0

+7*0

-8.0

+6.0

+60.0

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve
l/ About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold aoout 9."5 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.