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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12
(For Immediate Release)
July 15, 1959
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
The net decrease in commercial and industrial loans at weekly reporting
member banks during the week ended July 8 amounted to $4$ million. The principal
net decreases were $4-7 million in loans to manufacturers of food, liquor, and
tobacco products, $35 million to all other types of business, and *13 million to
the construction industry.
Offsetting net increases were $23 million in loans to public utilities,
$17 million to manufacturers of textiles, apparel, and leather products, and
$13 million to manufacturers of metals and metal 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
Week
ended ,
July 82/
Cumulative since year-end
Dec. 31; 1957
Dec. 31, 1958
to
,
to
July 8, 1 9 5 9 ^
July 9, 1958
(in millions of dollars]
-47
+17
+13
-566
+235
+877
+
-11
-173
-
713
-
52
-
214
91
- 4
+184
+
163
Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
All other types of business
- 5
+ 7
+23
+279
-357
-118
-13
-35
+ 92
+110
+
+
168
287
223
56
82
Classified changes - net
Unclassified changes - net
-55
+10
+565
+152
-1,265
- 191
•45
+717
-1,456
Net change in commercial and
industrial loans
Note: The data in the first column are based on the revised loan classification;
"beginning this week, changes in commercial and industrial loans exclude loans to
sales finance companies, and certain other nonbank financial concerns. T e cumu
lative figures in the columns for prior periods have been adjusted only by the
exclusion of those loans previously classified as to sales finance companies.
Thus, the three columns are not strictly comparable.
2/ Preliminary.
CHANGES IN' COMMERCIAL A M ) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING "MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 8, 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
(All Districts P/ Boston
- 2.1
NetYork
-40.2
+10.6
| St.
Phila- Cleve- Richmond Atlanta Chicago |Louis
delphia land
(in millions of dollars)
San Frs
Minne- Kansas
apolis City Dallas cisco I
-2.3
-1.4
+ -5
— »1
- .8
-
.8
#2
- 1.3
+ 1.1
- .3
+2.3
- .1
-1.6
+8.6
-1.1
+ .5
+ '5
- .1
- .8
+
.1
.4
.6
+22.1
- 2.4
+ 2.4
- .1
+
- .3
-1.0
+ .1
+ .6
+ .2
- .4
-2.2
+ .5
+ .4
+ .4
- 1 . 2 . + 2.4
+ 1.4
- .9
+4.1
+ .6
- .6
+ .3
+
-1.0
- .3
-
+2.8
+ .4
+ 3-0
-46.7
+16.7
+ 2.9
+12.9
-10.9
- 3-5
+ #1 - 1 1 . 9
- 1.0 - 8 . 5
+ .4 - 6 . 3
+ .1
(- 4 ' 5 )
- .5 - 3 . 4
- 7.3 +11.1
+ .2
+ -7
Commodity dealers
+ 7-1
+
-9 - 5 . 4
+ .5
Public utilities (including transportation)
+22.8
— 1 • b +21.1
+6.1
Construction
-13.1
-
.2 - 3-6
-1.5
+1.0
+ .1
+
All other types of business
-35.4
• 9 -12.8
- .4
+1.3
- .8
- 9.2
.9
+ 7.9
- .2
+ 3-0
+
.4
- 1.1
- .1
.1
.4
.4
- 3 »8
+ 2.3
- 2.2
+
+
Not
•9
.4 (" 9-7) avail-
.8
able
.1
-1.4
-1.3
+
•5
- 6.6
-14.9
- .4
+ .6
+
.6
+ 1.5
-
•2
Net change in classified loans 1/
-54.6
- 9-3
-49.3
- .8
+8.3
-1.9
-12.8
+18.1
+7.8
-1.9
+ 8.1
-20.9
Unclassified changes - net
+ 9*6
- 6.7
- 7.7
+5.8
-6.3
- 2 • 1 + 2.8
- 5.1
-8.8
• 2.1
+ 3.9
- 2.1
+38.0
Net change in commercial and
industrial loans
-45.0
-16.0
-57.0
+5.0
+2.0
-4.0
—10.0
+13.0
-1.0
-4.0
+12.0
-23.0
+38.0
--
p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank.
1 / 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 of
total commercial and industrial loans of all weekly reporting member banks and about 75 per cent of those of all commercial banks.
@FedFRASER