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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

(For Immediate Release)

H.12

July 8, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net increase of $105 million in loans to sales finance companies was
the principal factor in the $9 million net increase in commercial and industrial
loans at weekly reporting member banks during the week ended July 1. Other large
net increases were $32 million in loans to manufacturers of metals and metal
products and $l4 million to public utilities.
The principal offsetting net decreases were $60 million in loans to manufacturers of food, liquor, and tobacco products, $27 million to the wholesale and
retail trade, and $21 million to manufacturers and producers of petroleum, coal,
chemicals, and rubber 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
Classified changes - net
Unclassified changes - net
Net change in commercial and
industrial loans

Week
ended ,
July 1Mf

Cumulative since year-end
Dec. 31, 1958
Dec. 31# 1957
to
,
to
July 1, 19592/
July 2, 1958
(in millions of dollarsj
-

689

+

16

518
218
876

+

- 21
- 12

163
188

+

- 27

280
363
426
143
105
134

- 163
- 293
- 579
- 207
+
56
+
56

- 22

+1,039
+ 162

-1,760
- 172

+

+1,201

-1,932

- 60

+ 5
+ 32

-

8

+105
+ 14

+
+

1
4

+ 31

9

+
+

-

88

211

166

2/ Preliminary; see footnote on attached table.
In addition to the weekly table, a monthly table is attached showing
changes during June compared with the preceding month and with June 1958, and also
showing changes during the past twelve months.
All industrial classifications except manufacturers of food, liquor, and
tobacco products, manufacturers and producers of petroleum, coal, chemicals, and
rubber products, and commodity dealers, showed net increases in loans in June; in
all but one category the current increases were larger than in June 1958, with the
result that the total net increase in commercial and industrial loans was about
75 per cent greater than that of a year ago.




CHANGES IK COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 1, 1959

H.12(a)

Business of Borrower

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

- 59.6
+ 4.5

+ .1
- .8

H 00
O CO
1 I

Manufacturing and mining:

San FranKansas
All Dis- Boston "New jPhila- Cleve- Rich- Atlanta Chicago St. Minne- City Dallas cisco j>/
Louis apolis
York Idelphia land mond
tricts Pz
(In millions of dollars)

+ 31.7
- 21.0

+2.5

+12.4

- 11-5

+2.4

Trade:
Wholesale
Retail

27.4|

+1.9

-17.1
- 2.9

- 9.4

-2.5
- .3

+ .2
+ .2

- .6
- *1

-

.9
.3

- 3.2
- .4

+1.1
+ .3

+1.1

- 1.6

+ .5

+1.7
- .7
- •1

.5

+ -5
- 1.9

- *3

+ .2
-1.8

-5'

+ 3-3
- 2.5

- .6
-1.1

-2.9
+2.7

+ .3

+1.1

+ 3.9

+ 3.4
- 1.5

-1.3

+ .2

+10.6

- 1.8

- .6
-3.8

+1.1
-1.7
-2.8

- «3
+ .3

+

.9

+ .1

-3.0

+ 3-4

-

.4

+ .1

+ 2.6
- .8

+ -7
+ .4

-1.0
—1.0

- .5
+ .4

- 7.3
-11.9

+ .8

—1.8

+ 7.9
- 7.7

-1.7

+

-

r

.2

5

-

.6

Commodity dealers

-

8.1

- .8

+

.9

- 2.2

- .4

- .5

-1.1

- 4.5

+ .9

— .1

+2.4

- 1.4

- 1-3

Sales finance companies

+104.5

+1.4

+92.6

- 2.9

- -5

+1.6

+3.6

+ 7.7

+1.5

- .2

+3.1

- 1.4

- 2.0

Public utilities (including transportation)

+ 13.8

-4.6

+31.6

-16.5

+6.3

+1.4

- .3

- 3.8

+ .7

- .4

- .3

•5

Construction

+

1.0

- .9

-

*1

+ 1.0

+ .5

+1.7

+1.5

+ 3*6

+ .3

+1.0

-1.4

- 5-5

•7

All other types of business

+

3.5

-2.3

+16.1

- 3-3

-2.5

-4.3

+2.4

+

.9

+4.3

+1.4

-1.7

-15.1

+ 7.6

Net change in classified loans l/

+ 31.4

-2.8

+89 »8

—18.6

-2.9

-5.7

+7.6

- 9.7

+5.5

+ .4

+ .7

-31.9

-1.0

Unclassified changes - net

- 22.4

+2.8

-36.8

- 3.4

+3.9

-2.3

+ .4

-

.3

+ -5

+4.6

-1.7

- 1.1

+11.0

Net change in commercial and
industrial loans

+

+53.O

-22.0

+1.0

-8.0

+8.0

-10.0

+6.0

+5.0

-1.0

-33-0

+10.0

*



9.0

"

+

-2

tSSSsfsusa or -

H. 12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A
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

OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
4 weeks
ended
June 24, 1959

4 weeks
4 weeks
ended
ended
June 25, 1958
May 27, 1959
f
(In millions ci dollars)

12 months
ended
June 24, 1959
+
-

63.5
18.4

+
-

390.6
155.6

+ 12.4

+

469.1

- 80.2

-

5.0

+

55.6

+336.2

- 29.5

+ 57-5

+

615.0

Public utilities (including transportation)

+179-7

+ 81.7

+ 72.5

+

77-5

Construction

+ 53-6

+ 29.2

+ 29.5

+

154.1

All other types of business

+133-1

+ 74.2

+ 77-9

+

492.4

Net change in classified loans 1/

+874.3

+314.6

+474.6

+2,221.8

Unclassified changes - net

+ 69.7

+106.4

+ 64.4

12.8

Net change in commercial and
industrial loans

+944.0

+421.0

+539-0

+2,209.0

- 57-2
+ 38.6

- 6.2
+ 34.2

+

+175-1
- 27.4
+ 43.7

+132.8
- 9-3
+ 44.6

+135-9
+ 31.1
+ 56.7

+

Trade — wholesale and retail

+ 46.4

+ 43.1

Commodity dealers

- 47-5

Sales finance companies

l/ See footnote on preceding table regarding current coverage.




6.1

78.0