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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 December 3> 1958 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The n e t d e c r e a s e i n commercial and i n d u s t r i a l loans a t weekly r e p o r t i n g member banks d u r i n g t h e week ended November 26 amounted t o $7 m i l l i o n . The p r i n c i p a l n e t d e c r e a s e s were $29 m i l l i o n i n loans t o m a n u f a c t u r e r s and producers of petroleum, c o a l , chemicals, and rubber p r o d u c t s , $23 m i l l i o n t o m a n u f a c t u r e r s of metals and m e t a l p r o d u c t s , and $15 m i l l i o n each t o m a n u f a c t u r e r s of t e x t i l e s , a p p a r e l , and l e a t h e r p r o d u c t s , and t o " o t h e r " m a n u f a c t u r i n g and mining concerns. The l a r g e r o f f s e t t i n g n e t i n c r e a s e s were $35 m i l l i o n t o p u b l i c u t i l i t i e s , $21 m i l l i o n t o commodity d e a l e r s , and $ l 8 m i l l i o n t o t h e wholesale and r e t a i l trade. Changes i n loans d u r i n g t h e week and s i n c e mid-year a r e shown below; the t h i r d column shows the changes d u r i n g t h e comparable p e r i o d l a s t y e a r . Business of Borrower Week ended , Nov. 26£/ Cumulative s i n c e mid-year June 26, 1957 June 25, 195^ to to Nov. 27, 1957 Nov. 26, 1 9 5 8 ^ ( I n m i l l i o n s of d o l l a r s ] Manufacturing and mining: Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and m e t a l p r o d u c t s Petroleum, c o a l , c h e m i c a l s , and r u b b e r Other m a n u f a c t u r i n g and mining +10 -15 -23 +500 -189 -564 -29 -15 - 62 -104 Trade—wholesale and r e t a i l Commodity d e a l e r s Sales f i n a n c e companies P u b l i c u t i l i t i e s and t r a n s p o r t a t i o n Construction A l l o t h e r t y p e s of b u s i n e s s +18 +21 + 2 +35 - 4 +13 +247 +378 -192 + 67 + 52 +229 C l a s s i f i e d changes - n e t U n c l a s s i f i e d changes - n e t +12 zl9 +362 -233 - Net change i n commercial and i n d u s t r i a l loans - 7 +129 - 1 , 004 p / P r e l i m i n a r y ; see f o o t n o t e on a t t a c h e d t a b l e » + - + - + + - - • 350 139 548 61 96 246 337 677 17 29 77 589 415 H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, NOVEMBER 26, 1958 B u s i n e s s of Borrower Manufacturing and mining: Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and m e t a l p r o d u c t s ( i n c l u d i n g machinery & t r a n s p o r t a t i o n equipment) Petroleum, c o a l , c h e m i c a l s , and rubber Other m a n u f a c t u r i n g and mining Trade: Wholesale Retail All Dis- . t r i c t s EV Boston New York P h i l a - Cleve- RichSt. d e l p h i a land mond A t l a n t a Chicago Louis ( I n m i l l i o n s of d o l l a r s ) Minne- Kansas |San F r a n a p o l i s C i t y D a l l a s j| c i s c o P/ +10.2 -15.3 - .4 - 3.5 + 6.4 - 7.6 + .4 - 4.7 + - +1.3 —2.8 + 1.0 — .5 + .8 + 2.2 + 1.0 + 2.6 - .7 + .2 +1.1 - -5 +1.0 + .1 -2.1 - .2 -23.1 -28.5 -15.4 - 2.4 - 2.4 - 2.7 -10.7 -14.2 - 4.0 - 6.4 - .8 - .3 - 4.1 + .4 - 7 + .4 - 2 . 8 +1.1 — — .6 - .2 + 2.4 - 1.0 - 2.1 - .7 - 1.3 - .1 - .6 -1.1 - .3 -1.2 + .4 - .8 + .5 - -7 -2.9 + .2 + 7.6 + 7.1 - 1.3 + 1.9 - 1.1 + .3 - .1 +1.9 + 1.4 + 2.1 + 2.4 + .6 - 1.6 - -5 - .3 - .1 - .3 [- - 4 -3.3 +1.5 - .7 +1.5 + 1.8 + 2.1 +10.8 -1.1 + .2 +3.2 + .6 |+l8.2j Commodity d e a l e r s +20.5 + .3 + 1.7 + S a l e s f i n a n c e companies + 1,6 - 1.1 - 8.6 - 4.3 + 5.4 + .3 + 1.6 + 9.5 + 1.0 -1.2 +1.5 -1.0 -1.5 Public u t i l i t i e s (including transportation) +34.8 + 5.0 +27.6 - 2.9 + 2.0 -- + 4.4 - - 1.0 + .4 + .1 — - .3 Construction - 4.4 - 1*2 + - - .2 + .4 + 1.1 + 1.8 - .2 - .6 -3.7 + .3 -2.1 A l l o t h e r types of b u s i n e s s 413.4 + 2.4 +13.2 - 1.1 - 4.7 +1 • 0 - 2.7 + 4.5 - ,6 -1.2 - .2 -1.2 +4.0 Net change i n c l a s s i f i e d loans l / +12.0 - 5.8 +19.2 -20.1 -13.9 +5.4 + 9.4 +22.1 +10.5 -6.8 -1.8 + .4 -6.6 U n c l a s s i f i e d changes - n e t -19.0 -16.2 -13.2 + 6.1 - 2*1 - .4 + .6 + 2.9 + -5 -2.2 - .2 -2.4 +7 «6 Net change i n commercial and i n d u s t r i a l loans - 7.0 -22.0 + 6.0 -14.0 -16.0 +5.0 +10.0 +25.0 +11.0 -9.0 -2.0 ~2« 0 +1.0 .7 .1 .4 .6 .7 -5 g / P r e l i m i n a r y ; f i n a l t o t a l s w i l l appear i n t h e F . R. B u l l e t i n and San F r a n c i s c o D i s t r i c t f i n a l f i g u r e s appear i n a r e l e a s e of the Reserve Bank, l / About 210 weekly r e p o r t i n g member banks a r e r e p o r t i n g changes i n t h e i r l a r g e r loans as t o i n d u s t r y ; t h e s e banks hold about 95 p e r c e n t of t o t a l commercial and i n d u s t r i a l l o a n s of a l l weekly r e p o r t i n g member banks and about 75 p e r cent of those of a l l commercial banks.
@FedFRASER