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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12
(For Immediate Release)
January 21, 1959
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $56 million in loans to sales finance companies,
$40 million to manufacturers of food, liquor, and.tobacco products, $28 million
to the wholesale and retail trade, and $l4 million each to manufacturers and
producers of petroleum, coal, chemicals, and rubber products and to commodity
dealers were the principal factors in the $154 million decrease in commercial
and industrial loans at weekly reporting member banks during the week ended
January 14.
The larger offsetting net increases were $27 million in loans to manufacturers of metals and metal products and $13 million to manufacturers of textiles, apparel, and leather products.
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 ,
Jan. 142/
Cumulative since mid-year
June 25, 1950
June 26, 1957
to
,
to
Jan. l4, 1959£/
Jan. 15, 1958
(in millions of dollars]
- 40
+ 13
+ 27
+443
-243
-452
+
-
216
145
500
- 14
- 2
- 71
-130
+
-
134
158
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business
- 28
- 14
- 56
- 2
+ 3
- 8
+ 22
+368
+ 73
+225
+ 46
+294
+
+
-
Ill
439
444
151
61
57
Classified changes - net
Unclassified changes - net
-121
- 33
+576
-367
-
535
637
Net change in commercial and
industrial loans
-154
+209
-1,172
g/ Preliminary; see footnote on attached table.
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JANUARY l4, 1959
H.12(a)
New(Phila- jCleve- Rich- A t l t a
York jdelphiaj land [ mond r 1 , c i c V Z i ,
(In millions of dollars)
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
- 4o.o
+ 13.1
- .4
+ .6
-23.7
+ 3.7
+3.0
+1.4
- .5
+ .5
+ 27.1
- 13.5
- 2.3
-l.l
-2.1
+15.6
- 7.4
+ 4.3
-1.3
-1.2
+ .6
-2.4
+1.0
- .3
- .3
- 1.2
-10.8
- .5
+ .4
-
2 8
-
3
)
+ .1
+ 2.1
- .5
+1.3
-13.2
+ 2.3
- 3.3
+ .5
+ .4 + .7
+ .4
+
.5
.2
- 2.1
+ .1
-1.1
+ *3
+ 9.5
+ 4.5
- .8
+
+
—
.9
.6
.1
-1.6 + «3
+ .6 + .6
- «3
+ 1.4
- 4.2
- 1.5
+ 3.1
- 1.4
- 5-8
.7
*3
+ .9 -1.5
- .2 + .7 (" 1 , 7 i
- 1.5
- .9
+
.3
-1.3
- .3
-
.4
-7
-2.6
- .4
- 5-2
- .1
+
Commodity dealers
- 13.9
+2.1
- 3.0
-1.6
+ .3
-
.6
- .9
- 5.3
- 3.9
+2.3 + .3
- 2.5
- l.l
Sales finance companies
- 55.9
-3.3
-19.0
-6.8
-1.3
- 8.9
-2.4
- 7.0
- 3.9
+ .2 - .9
-
.6
- 2.0
Public utilities (including transportation)
-
- .3
+ 2.2
- .3
-4.1
-
.7
- .5
+ 1.8
-
.2
Construction
+ 2.7
-1 • 1 +
.5
- .8
-1.5
-
.4
+2.2
-
.4
-
.7
All other types of business
- 8.4
-1.7
- 6.9
+ .8
+3.1
- 1.2
-1.5
+ 1.4
-
.1
Net change in classified loans l/
-121.4
-7.9
-45.7
-6.3
-6.5
-10.4
-6.1
-12.5
-10.6
Unclassified changes - net
- 32.6
+4.9
- 9-3
+ .3
+ .5
- 4.6
+1.1
+ 2.5
-
Net change in commercial and
industrial loans
-154.0
-3.0
-55.0
-6.0
—6.0
-15.0
—5 * 0 -10.0
2.0
-
.2
+ .3
--
+ .8
+ 2.7
+ 1.4
- .9
- 2.2
+
+ .8
- 8.9
- 9.6
.4
- .3 +2.2
- 1.1
-28.4
-11.0
+2.0 +3.0
-10.0
-38.0
--
mm
+2.3
.8
p/ Preliminary: final totals will appear in the F. R. Bulletin and San Francisco District iinai iigures appear m a rej.edBe uj. ^
c
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 cent o f ^ota
commercial and industrial loans of all weekly reporting member banks and about 75 P e r cent of those of all commercial banks.
I
@FedFRASER