The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 January 14, 1959 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY All industrial classifications were included in the $578 million decrease in commercial and industrial loans at weekly reporting member banks during the week ended January 7« The principal classified decreases were $l64 million in loans to sales finance companies, $59 million to "other" types of business, $43 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $36 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 Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business Classified changes - net Unclassified changes - net Net change in commercial and industrial loans Week ended: Jan. 7-E/ Cumulative since mid-year June 26, 1957 June 25, 1950 to to oR/ Jan. 7, 1959& Jan. 8, 1958 (In millions of dollars) +274 +489 - 33 - 24 - 30 -256 -483 -160 -520 - 43 - 9 - 56 -130 +123 -162 - 36 - 31 -164 - 6 - 7 - 59 + 51 +379 +131 - 66 +452 -347 +173 - 62 +228 + 43 +304 -138 -335 -296 -589 -578 +363 -885 -440 4698 |>/ Preliminary; see footnote on attached table. In addition to the weekly table a monthly table is attached showing changes during December compared with the preceding month and with December 1957> and also showing changes during the past twelve months. Most of the changes by industrial classifications during December were in the same direction as in December 1957. Exceptions were loans to manufacturers of food, liquor, and tobacco products and to the construction industry, which increased during the current month in contrast to decreases during December 1957• HGr CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING ItRltbER BAHKB.. BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 7, 1959 H.12(a) Business of Borrower New All Districts P/ Bostonj York 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 33.4 24.3 - .9 - 4.7 San FranSt. Minne-][Kansas Phila- Cleve-I Rich-! Dallas cisco P/ Chicago Louis apolis 1 City delphia land 1 mond (Atlanta + -5 - 11.8 29.7 1i - .3 - 26.4 : + 1.2 - 23.3 42.5 ! 8.5 ! + 2.8 - 4.6 I - 2.3 - 1.0 + - -r~ - 4.1 - 4.4 .7 - 1.5 .5 - 2.9 .8 - .9 - 9.5 - .9 L 35-5 ) i ) — 1*1 — 8.0 — 1.4 — ( Commodity dealers - 31.4 + 2.6 - 19.2 - .9 Sales finance companies -163.5 - 9.6 - 56.7 -15.1 Public utilities (including transportation) - 5.7 + .9 - 3.1 - Construction - 7-2 + .1 - 3.1 - 1.6 All other types of business - 58.6 A #2 — - a ~i -t A-V-P — 2.2 — - 1.4 — A, .4 .5 -15.4 - 6.4 - .2 - .5 + + .3 .4 - 1.1 + .2 + .4 .4 .3 + .1 - 6.1 - .1 .8 - .1 .2 + .2 , 2 - .8 + 1.5 - 1.9 - 3.2 + - 1.0 - .5 - 1.2 - 1.3 - 3.6 — 2.9 + - - 1.6 - -7 .6 — + .3 .1 - 1.0 -10.0 - .3 - 1.1 - .3 - •2 - .2 .5 + .1 - .8 >- 1.5 ) + .8 ) + 1.1 .9 - *7 - .4 .3 - «8 - 5.6 - 3.3 - l.l + 1.8 - 2.1 - 9.1 - 3.6 + .7 -47.7 - 2.7 - 5.2 - 4.7 - 9.9 + .1 + .3 - .1 + .3 - 1.8 — .1 - .3 + 1.2 - 1.6 — 1.0 - .9 + .4 - + .2 - 1.0 + 1.0 - 1.0 - 1.2 - .7 -14.9 - 1.8 1.2 + 2.4 - 34.8 + 2.4 - 7-4 •9 - 3.9 - 5.8 .4 +10.2 - 3.1 - 1.9 Net change in classified loans l/ -440.3 I - 6.6 -200.0 -22.2 -32.3 -15.2 - 8.6 -69.7 -20.2 - 8.0 -14.7 -36.6 - 6.2 Unclassified changes - net -137.7 i -11.4 - 35.O - 3.8 - 1.7 -20.8 - 6.4 -16.3 + .2 - 2.0 - 3.3 - .4 -36.8 Net change in commercial and industrial loans -578.0 ; -18.0 -235.0 -26.0 -34.0 -36.0 -15.0 -86.0 -20.0 -10.0 -18.0 -37.0 -43.0 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 c*> per cent of tota] commercial and industrial loans of all weekly reporting member banks and about 75 P e r cent of those of all commercial banks. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY H.12(b) Business of Borrower 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 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities (including transportation) 5 weeks ended Dec. 31j 1958 Net change in classified loans 1/ Unclassified changes - net Net change in commercial and industrial loans 1/ See footnote on preceding table regarding current coverage. 12 months ended Dec, 31, 1958 135.9 + 23.3 - 43.1 +149.7 - 43.1 - 19.3 +107.1 + 48.2 + 38.9 - 55.8 + 52.3 + 89.1 - 65.3 155.9 +108.4 -253.8 - + 22.6 + 80.8 + 83.I + 127.2 +485.6 + 41.5 +569.1 - 559.2 +174.3 + 15.2 +200.2 + 56.4 - 13.1 - 20.8 + 106.2 +130.6 + 7.9 +135.1 + 430.8 +781.2 +330.5 +749.6 - 626.3 + 44.8 - 90.5 - 41.6 - 377.7 +826.0 +240.0 +708.0 -1,004.0 Construction All other types of business 5 weeks weeks ended ended Dec. 31, 1957 Nov. 26, 1958 of dollars) (In millions + #1 - 20 .1 - 147.9 - - + 307.6 153.7 36.0 78.6
@FedFRASER