View original document

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

June 24, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
All industrial classifications except commodity dealers were represented
in the net increase of $779 million in commercial and industrial loans at weekly
reporting member banks during the week ended June 17, which reflected quarterly
tax date needs.
The principal net increases were $264 million in loans to sales finance
companies, $108 million to public utilities, $113 million to manufacturers of
metals and metal products, $88 million to "other" types of businesses, and
$79 million to unclassified borrowers.
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 1 W

Cumulative since year-end
Dec. 31, 1957
Dec. 31> 1958
to
June 17, 1959&/ June 18, 1958
(In millions of dollars)

+ 39
+ 18
+113

420
+ 213
+ 815

+
+

652
81
149

+ 9
+ 33

139
+ 194

+

149
147

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

+ 12
- 2
+264
+108
+ 17
+ 88

+ 293
336
+ 395
217
+
99
+ 122

- 152
- 293
- 824
168
+
47
+
65

Classified changes - net
Unclassified changes - net

+700
+ 79

+1,019
+ 201

-1,747
- 168

Net change in commercial and
industrial loans

+779

+1,220

-1,915

p/ Preliminary; see footnote on attached table




IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BAMS
BY INDUSTRY AMD FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 17, 1959

H.12(a)

San FranMinne- Kansas
New Phila- Cleve- RichAll DisBoston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco P/
tricts P/
(In millions of dollars)
•P
CO

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

.3
•7 + 1-3 + 1.2
-7 + 1.4 + 3.9 + 1.5

+ 38.5
+ 18.2

+ .1
+ 7.4

+ 38.5 + -5
+
.6 + 1.2 +

+113.2
+ 9.2
+ 33.3

+ 4.7
+ .3
+ 3.3

+ 74.1 + 5.0 +10.5 + 1.2 + 1.2 +10.0 + 2.2
+ 4.8 + 3.0 + .9 — 2.0 - .4 + .2
+ 16.6 + 1-3 + 1.2 + 1-3 + .7 + 7-9 + 1.2

Trade:
Wholesale
Retail

: 12.4J
+

+ 1.7
+ -5

+
-

1.2 + 1-5
1.7 - 1.0

.6 -

.1 +

+ 1.8 + .7
.4 + 8.2 - 1-5

Commodity dealers

-

+

-

1.2 + 2.1

•3 -

-5 +

.8 -

Sales finance companies

+264.2

+10.7

+135-8 +13.6 +18.7

Public utilities (including transportation)

+107.9

+ 6.3

+ 56.5 + 7.4 + 7-0 + 3.5 +

Construction

+ 17.3

-

.3

+

All other types of business

+ 88.0

+

.4

+ 41.5 +

Net change in classified loans l/

+699.8

+35.7

+368.8 +37.2 +40.6 +17.7

+19.1 +73.0 +23.1

Unclassified changes - net

+ 79-2

- 2.7

+ 19.2 - 1.2 - 1.6 - 2.7

-

Net change in commercial and
industrial loans

+779.O

+33.0

+388.0 +36.0 +39.0 +15.0

+19.0 +79.0 +26.0

2.4

.6

•3 .8 -

+13.1 +12.6 +20.4 +12.3

2.1 + 1.7 + 2.0 .9

+

.1 - 2.1

+
+

.4 + • 5
• 7 + 1.5

-

.2

—

— -

2.5
.1

+ .4 +
+ 1-3 + .4 +

.4 + 1.5 + 2.0
•3 + 1.3 + .1
1.5
.9

•5 +
•7 +

• 9 (+ ? f) 2.6
.6 r 2.0j + .6

+
-

-

1.8 + 1 . 1

+

+

7.1 + 8.5

+ 9-7 + 1.7

.1

-

l.l

.6 +11.7

+ 3*0

4 5-1 + 1.8 + 1.8 + 3.2
-

.4 + 1.5 + 1.3

+ 1.1

+

-7 + 3.1 + 1.1 + 6.4 + 3-5

.1 + 6.0 + 2.9

•5 +

.8 + 3-8 + 3.2

+ 2.6 + 2.2 +24.7 +
+16.5

+18.9

+ 7-5 + 4.1

•9

+45.3 + 3.9
-

•3 +48.1

+24.0 +23.O +45.0 +52.0

£/ 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 aoout 95 P e r cent of xota]
commercial and industrial loans of all weekly reporting member banks and about 75 per cent of these of all commercial banks.