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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Hi12

(For Immediate Release)

March 11, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

A net increase of $55 million in loans to sales finance companies was the
principal factor in the $46 million net increase in commercial and industrial loans
at weekly reporting member banks during the week ended March 4. Other large net
increases were $29 million in loans to the wholesale and retail trade, $17 million
to manufacturers of textiles, apparel, and leather products, and $12 million to
commodity dealers.
The principal offsetting net decreases were $22 million in loans to manufacturers of food, liquor, and tobacco products, $21 million to manufacturers and
producers of petroleum, coal, chemicals, and rubber products, and $20 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 ,
March 4E'

Cumulative since year-end
Dec. 31, 195%
Dec. 31, 1957
to
,
to
March 4, 1959--' March 5, 1958
(In millions of dollars)

-22
+17
-20

+
+

243
89
224

+
+

371
112
71

-21
+ 7

+

88
13

+

26
23

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

+29
+12
+55
+ 1
+ 2
+10

Classified changes - net
Unclassified changes - net

+71
-25

Net change in commercial and
industrial loans

+46

-

31
152
304
236
12
111

- 237
- 168
- 726
- 210
34
82

849
224

-1,647
- 355

-1,073

-2,002

-

-

2/ Preliminary; see footnote on attached table.
In addition to the usual weekly table, a monthly table is attached
showing changes during February compared with the preceding month and with February
1958, and also showing changes during the past twelve months.
Most of the changes during February were in the same direction as in
February 1958, although the current month showed no change in total commercial and
industrial loans in contrast to a decrease last year. Loans to the wholesale and
retail trade increased in contrast to a decrease during February 1958; and loans
to "other" types of business, which increased during February 1958, decreased during
the current month.
The current increase in loans to manufacturers of textiles, apparel, and
leather products was the largest monthly increase in this category since February
1957 and the decrease in public utilities was the largest since October 195^«




fl.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER bMHS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH 4, 1959

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

trictsS£/lBostonl York

St.
Minne- Kansas ^ .. .San FranDallas c i s c o p/
Idelphial land ] mond | A t l a n t a | C h l c a g°|Louis Upolis City
(In millions of dollars)

- .2

- 5-9
+ 2.2

-3.2
+ .1

- .1

- .6

+ .1
+ .1

+ .2
+ .2

- 3.6
+ .9

+ .8

+ .6

+ .6

+1.8

+ .2

- 1.1

— .2 - 2.6 + .3
- .7 +1.8 +1.5

+ -5
+ 1.4
+ .9

- 1.3

- .5
+ -7

+ .4

+1.2

+

-

.5 + .2 +1.1
-+1.7
.3

+ 2.8
+ 2.0

+ .7
+ 3.1

+1.8
+ .9

+ .1
+ .3

+ .9
+ .9

- 1.8

+ 5-4

- .6

- .3

+ .1

— 2.6

+

+ 7.2

46.1

- .5

+1.5

+ 3.7

+ 4.5

-21.5
+17-3

+ 2.6 -10.2
+ 2.2 + 9.0

- .3 - 1-5 +1.1
+ 1.4 + .9 - •3

-19.8

+ 2.3

-

-20.8

+ 6.6
|+28.6|

-24.5

+ 1.2 -20.2
+ 1.6 - .7
-

+

.8

.9

2.8

+ 2.7

+
+

.5

-

.2

+.1

- •3

.7

+1.1

-

.8

.4

+ .8
-5

(+ 1.3) + 4.2
) + .2
(

.6

Commodity dealers

+12.2

--

+12.9

- 1.0

Sales finance companies

+55.1

+ 3.3

+26.7

+10.6 - 6.2 -2.3

+

Public utilities (including transportation)

+ 1.2

- l.l

+ 1.4

- 1.2

- 5.4

- .9

- 1.2

-

.9

- .4

+ .1

+ .1

+ 8.5

+ 2.2

Construction

+ 2.1

.8

.2

+

.3

- 1-9

+2.5

+ .8

+ 1.1

- .3

+ .2

- .2

+ 2.1

- 3.5

All other types of business

+ 9.6

-16.4

+21.3

+ 1.9

- 3.4

+ .7

+ 4.8

+ l.l

+1.6

+ .3

- .5

+

.1

- 1.9

Net change in classified loans l/

+70.6

- 3.4

+21.4

+11.1

-18.9

+5.2

+11.2

+13-5

+6.8

+1.6

+6.0

+13.3

+ 2.8

Unclassified changes - net

-24.6

-20.6

-10.4

-

.1

- 1.1

-5.2

+

.8

- 2.5

-1.8

+3.4

+1.0

+ 1.7

+10.2

Net change in commercial and
industrial loans

+46.0

-24.0

+11.0

+11.0

-20.0

+12.0

+11.0

+5.0

+5.0

+7-0

+15.0

+13.0




-

*6

+

.5

H.12(b)

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

Business of Borrower

4 weeks
ended
Feb. 25, 1959

4 weeks
4 weeks
ended
ended
Feb. 26, 1958
Jan. 28, 1959
(In millions of dollars)

12 months
ended
Feb. 25, 1959

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

- 70.4
+ 83.7

-

150.8
11.8

-126.1
+ 76.4

- 3.7
-177.3

+183.2
+ 3.8
+ 20.4

+
-

60.7
70.5
13.9

+110.9
+ 4.0
+ 44.9

-130.9
-202.2
+ 25,3

Trade — wholesale and retail

+ 34.3

-

94.1

- 49.8

+200.8

Commodity dealers

-104.1

-

59.6

-125.0

+ 98.2

Sales finance companies

- 94.7

-

264.2

- 44.1

-302.7

Public utilities (including transportation)

-128.2

-

109.2

- 89.2

- 11.2

Construction

+

9.3

-

22.9

+

1.4

+U5.1

All other types of business

-

8.8

-

111.6

+ 42.8

+398.0

Net change in classified loans l/

- 71.5

-

847.9

-153.8

+

Unclassified changes - net

+ 71.5

-

271.1

- 40.2

-256.4

-1,119.0

-194.0

-247.0

Net change in commercial and
industrial loans
1/ See footnote on preceding table regarding current coverage.




- -

I

9.4