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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H<12

(For Immediate Release)

February 11, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $75 million in loans to sales finance companies was the
principal factor in the net decrease of $111 million in commercial and industrial
loans at weekly reporting member tanks during the week ended February 4. Other
large net decreases were $23 million in loans to public utilities, $22 million to
manufacturers of food, liquor, and tobacco products, and $20 million to commodity
dealers.
The principal offsetting net increases were $26 million in loans to manufacturers of metals and metal products and $23 million to manufacturers of textiles,
apparel, and leather 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
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business

Week
ended ,
Feb. W

Cumulative since year-end
Dec. 31, 1957
Dec. 31, 1958

-

245
51
69

76
22

13
29

-

101

-

79
339
132
24
114

222
62
641
142
32
109

8

-

7

- 20

- 75
- 23
- 1
-

+
+

5

-

2

tO

173
11
87

- 22

+ 23
+ 26

y

tO

Feb. 4, 1959%/
Feb. 5, 1958
(In millions of dollars!
~

Classified changes - net
Unclassified changes - net

-115
+ 4

- 963
- 267

-1,512
- 296

Net change in commercial and
industrial loans

-ill

-1,230

-1,808

2/ Preliminary; see footnote on attached table.
In addition to the usual weekly table, a monthly table is attached
shoving changes during January compared with the preceding month and with January
191)8, and also showing changes during the past twelve months,
All industrial classifications except manufacturers of metals and metal
products ebowed net decreases in loans in January; in most instances the pattern
of changes was comparable to January 1958.
The monthly decrease in loans to the wholesale and retail trade and to
manufacturers.of textiles, apparel, and leather products continued their December
decline.




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, FEBRUARY 4, 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

All DisBoston
tricts P/

New
York

St.
Phila- Cleve- RichAtlanta Chicago
Louis
mond
delphia land
(In millions of dollars)

San FranMinne- Kansas
Dallas
cisco P/
apolis City

- 22.1
+ 22.5

-2.4
+2.6

- 6.4
+11.3

-1.7
+1.9

+

.1 - .1
.6 + .8

- »5
+ .7

- 6.0
+ .8

-1.5
+ .9

-1.2
+ .6

- .2
+ .6

+ .6
+1.1

- 2.6
+ .6

+ 26.3
- 5-2
- 8.3

+1.9
- .7
+ .5

+19.5
- 4.5
- 2.3

- .1
- .7
+ *1

- .5 + .3
+ .2 — .2
- 2.4 - .6

-2.1
— .6
— .2

+ 8.9
+ 1.4
— .4

- .9
+ .6
-1.0

+ .1
- .3
- .3

+ .9
+ .3
+ .1

+ .1
- .8
+ .3

- 1.8
+ .1
- 2.1

-1.2

- 7.0
+ 1.3

- .8
-1.1

+

.3 + .3
.1 - .3

+2.2
+ .1

- 1.7
+ .3

+ #1
+ .2

+1.5
- .1

- .5
+ .6

I- - 1 !

-1.1

+2.6

+1.2

-2.7

r

7 3

' ) + .3

-

.7
.5

Commodity dealers

- 19-5

+1.6

-11.7

- .4

- 3.2

-3.0

-1.9

-

Sales finance companies

- 75-0

+2.8

-39.0

-4.9

- 5.9

-4.1

+ .3

-11.9

-1» 1

-1.7

-1.3

-1.5

- 6.7

Public utilities (including transportation)

- 23.2

-1.3

-10.7

-3.1

- 5.2

- .8

+ .2

+ 2.8

-1.3

-3.9

- .4

+ .2

+

.3

Construction

-

-7

- .1

- 1.9

-1.0

+ 1.1 - .3

+2.5

- 1.2

+ .1

+

.9

All other types of business

-

2.4

-1.2

+ 8.2

+4.2

- 1.2 - .3

-2.2

- 8.2

-1.9

+ .2

+ .4

- -9

+

-5

Net change in classified loans l/

-114.9

+2.8

-43.2

-7.6

-16.8

-8.3

-1.5

-16.1

-6.9

—2 • 6

+1.3

-4.0

-12.0

Unclassified changes - net

+

3.9

+3.2

-12.8

+2.6

+ 1.8 +3.3

+1.5

+ 3.1

- .1

-2.4

-4.3

Net change in commercial and
industrial loans

-111.0

+6.0

-56.O

-5.0

-15.0

-13.0

-7.0

-5.0

-3.0

-5.0

- -

.9

- -

-4.0

+ 8.0
-4.0

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 per cent of those of all commercial banks.



CHANGES IK COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
Business of Borrower

4 weeks
ended
Jan. 28, 1959

4 weeks
5 weeks
ended
ended
Dec. 31, 1958 Jan. 29, 1958
(In millions of dollars)

12 months
ended
Jan. 28, 1959

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

-

150.8
11.8

+ 23.3
- 43.1

- 227.3
+
24.9

-

+
-

60.7
70.5
13.9

+107.1
+ 48.2
- 12.3

-

43-7
22.2
27.7

- 203.2
- 202.0
+
49.8

Trade — wholesale and retail

-

94.1

-155.9

-

207.4

+

.34.7

Commodity dealers

-

59.6

+ 22.6

9.7

+

77.3

Sales finance companies

-

264.2

+485.6

-

571.3

-

252.1

Public utilities (including transportation)

-

109.2

+174.3

—

80.6

+

27.8

Construction

-

22,9

+

.8

-

23.9

+

107.2

All other types of business

-

111.6

+130.6

-

130.4

+

449.6

Net change in classified loans l/

- 847.9

+781.2

-1,319.3

- 154.9

Unclassified changes - net

-

271.1

+ 44.8

- 280.7

-

368.1

Net change in commercial and
industrial loans

-1,119.0

+826.0

-1,600.0

-

523.0

1/ See footnote on preceding table regarding current coverage.




59.4
184.6