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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

June 10, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Most industrial classifications were included in the net decrease of
$40 million in commercial and industrial loans at weekly reporting member banks
during the week ended June 3•
The larger net decreases were $37 million in loans to public utilities,
$31 million to manufacturers of food, liquor, and tobacco products, $29 million to
manufacturers and producers of petroleum, coal, chemicals, and rubber products,
and $13 million to commodity dealers. Offsetting net increases were $45 million
to sales finance companies and $16 million each to the wholesale and retail trade
and to the construction industry.
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
June 3^

y

Cumulative since year-end
Dec. 31, 1958
Dec. 31, 1957
to
1
to
June 3, I959B/
June 4, 1958
(in millions of dollars)

-31
- 2
- 1

-432
+173
+668

+
-

654
69
13

-29
- 2

-144
+154

+

169
105

Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business

+16
-13
+45
-37
+16
- 1

+277
-320
+ 30
-373
+ 67
- 4

+

180
293
926
306
35
10

Classified changes - net
Unclassified changes - net

-38
- 2

+ 96
+113

-2,342
- 254

Net change in commercial and
industrial loans

-40

+208

-2,596

jd/ Preliminary; see footnote on attached table.
In addition to the weekly table, a monthly table is attached showing
changes during May compared with the preceding month and with May 1958, and also
showing changes during the past twelve months.
The changes during May were similar to those during April and a year ago
May in that there were further repayments by manufacturers of food, liquor, and
tobacco products, by manufacturers and producers of petroleum, coal, chemicals,
and rubber products, and by commodity dealers. Loans to sales finance companies
decreased during the current month following a sizable increase in April.
In contrast, there were further borrowings by manufacturers of metals
and metal products, "other" manufacturing and mining concerns, the construction
industry, and by "other" types of business. Loans to manufacturers of textiles,
apparel, and leather products and to the wholesale and retail trade also increased
in May and April, but they had decreased during May 1958. Loans to public utilities increased in May, in contrast to decreases in April and in May 1958.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS OFA SAMPLE OF 1 J E L REPORTING MEMBER BANKS
'EKY
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
MEEK ENDED WEDNESDAY, JUNE 3, 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

San Fr
St. Minne- Kansas
New Phila- Cleve- RichAll DisChicago Louis apolis City Dallas cisco
tricts J / Boston York delphia land mond Atlanta
P
" I millions of dollars)
(n
-30-5
- 1.7

- .5
- .8

-19.9
- 1.2

+ .1
+ •7

-l.l
+1.1

- .6
+ el

- .2
-1.1

5.3
4 1.7
-

- .2
-4.6

+ .2
+ .4

- .8
+ .1

+1.1
+ .2

3-3
+ 1-7

.6
-29.3
- 1.8

- .8
-5.2
-1.3

- 2.2
-14.5
+ .8

+ •7

+ .8

+ .6

-1.0

- .1
- .1
- -5

+1.2
+ .1

7.1
1.1
2.4

-1.8
- -5
+ .2

+ •7
.3
+ .1

+1.1
+ -7
+ .8

-2.0
-8.1
- .4

+ 8.9
2-5
+ 1.3

(+16.3)

+1.3
+ .2

+ 1.4
+10.5

- -5
- .2

- .2

+2.6
- .8

+ .6
+ 2.2

+ .2
+1.1

+2.4
- .5

J

-3.6

+1.9
+ .9

+ .1 C " )

+ 1.6
4.4

Commodity dealers

-13.1

- .4

-

-5

+1.3

- .8

-2.4

- -3

- 1.9

-1.9

- .3

-3.0

- .9

- 2.0

Sales finance companies

+45.0

-1.0

+11.5

+4.9

+1-3

+3.5

+1.0

+21.5

+9.9

- -7

-1.0

-3.0

- 2.9

Public utilities (including transportation)

-36.8

+3.1

-39.7

-1.7

-5-3

-5.9

+2.6

+ 4.2

+ -3

+ .1

+1.2

- -7

+ 5-0

Construction

+15.8

+1.9

+ 4.7

+1.1

+ .1 - *9

- .4

+

.7

+ .8

+ -7

+ .7

+2.3

+ 4.1

All other types of business

- 1.0

-2.3

- 1.1

-1.0

+ -5

-1.4

+2.5

- 5.3

- .1

+ .9

- .9

+4.9

+ 2.3

Net change in classified loans 1/

-37-7

-5.8

-50.2

+6.0

-8.2

-5-5

+7.2

+10.0

+3.4

+3.7

-1.3

-6.8

+ 9*8

Unclassified changes - net

- 2.3

- .2

-14.8

-2.0

+1.2

-2.5

-

- 2.0

+ .6

+1-3

- *7

+ .8

+16.2

Net change in commercial and
industrial loans

-4o.o

-6.0

-65.0

+4.0

-7.0

-8.0

4-7.O

+ 8.0

+4.0

+5.0

-2.0

-6.0

+26.0

Trade:
Wholesale
Retail

« —
.

- -

-

•2

-

- -3 (

-

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 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 oanks.



CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER-BANKS BY INDUSTRY

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

4 weeks
ended
May 27, 1959

4 weeks
5 weeks
ended
ended
Apr. 29, 1959 May 28, 1958
(In millions of dollars)

12 months
ended
May 27, 1959

- 6.2
+ 3^.2

-127.8
+ 11.7

- 81.2
— 16.6

+ 120.7
- 50.9

+132.8
- 9-3
+ 44.6

+ 43.1
- 28.5
+ 16.3

+ 9.2
- 87.O
+ 24.4

+ 351.4
- 97.1
+ 91.0

Trade -- wholesale and retail

+ 43.1

+125.3

- 13.5

+

435.1

Commodity dealers

- 80.2

- 50.7

- 4o.6

+

98.I

Sales finance companies

- 29.5

+138.7

-132.9

+

336.3

Public utilities (including transportation)

+ 81.7

-207.7

-119-2

-

29.7

Construction

+ 29.2

+ 17.2

+ 24.7

+ 130.0

All other types of business

+ 74.2

+ 19.5

+ 75-2

+

Net change in classified loans l/

+314.6

- 42.9

-357-5

+1,822.1

Unclassified changes - net

+106.4

+ 72.9

- 46.5

-

Net change in commercial and
industrial loans

+421.0

+ 30.0

-404.0

+1,804.0

1/ See footnote on preceding table regarding current coverage.




437.2

18.1