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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

March 18, 1959

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Most Industrial classifications were included in the $373 million
increase in commercial and industrial loans at weekly reporting member banks during
the week ended March 11, which reflected quarterly tax date needs.
The principal net increases were $104 million in loans to manufacturers
of metals and metal products, $89 million to sales finance companies, $32 million
to the wholesale and retail trade, $31 million to "other" manufacturing and mining,
$26 million to manufacturers of textiles, apparel, and leather products, and
$91 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 <
Mar. 11—'

Cumulative since year-end
Dec. 31, 195%
Dec. 31, 1957
to
«
to
Mar. 11, 1959^'
Mar- 12, 1958
(in millions of dollars)

- 10
+ 26
+104

-259
+117
+311

- 389
+ 128
+ 105

+ 4
+ 31

- 83
+ 45

+

+
+
+
+

32
14
89
8
7
20

+ 5
-166
-212
-240
- 6
- 86

- 234
- 195
- 686
- 217
28
60

Classified changes - net
Unclassified changes - net

+282
+ 91

-574
-126

-1,547
- 324

Net change in commercial and
industrial loans

+373

-TOO

-1,871

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

2/ Preliminary; see footnote on attached table.




17
47

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER B A M S
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MKRCK 11, 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

Q4
Phila- Cleve- Rich- Atlanta Chicago!
York delphia land mond
{in millions of dollars)

Eoston New

p/l

.6 + 4.0 + 2.1
+ 2.0 + 2.h + 4.9

- 10.2
+ 26.4

•9
+ 1.1 + 13.1

+104.4
+ 3-8
+ 31-2

- 2.0 + 6l.4 + 2.1 + 7-3 + 1.2
1.0 + ,6 + .1
.4
- 1.4
+ .6 + 16.0 + .k + 2.6 + • 9

mm mm

—

•

-

.7
.1

- .5
+ .6

1,9
+ .2

.3
4 1.0

+24.5 +3.3
+ 5.8 + .4
+ 3-2 +4.1

+

.5

+1.1
+1.0

+

.8
.8
•9

+ 3.6

- .2
- .9

- 7.5 -5.1
- .8 +2.9

+ .1
—

- .4

Minne- Kansas Dallas San Francisco?/
apolis City
+

—

.4

- -

-

-

+

+ .3
> + 32.2j + 2.0

+ 9.1
+ 6.7

+ .6
+ 2.1

+ 1.6 + 1.6
+ .8 - .3

- .6

+ 1.3
- 1.9

+1.3
+1.3

+
-

.9
.5

- .4 (

+1.3

+1.2

(

-

-

.5

+ 2.5

.8) + 3.1
) + 1.5

Commodity dealers

- l4.l

+ 3-3

- 1.7

- 1-3

+ 4.0

-

.6

+ .3

-13-0

-6.3

+

.9

+ .1

- 1.5

+ 1.7

Sales finance companies

+ 83.8

+10.7

+ 29.2

+ 4.7

+12.7

+ 5.6

+1.6

+15.7

+2.6

+ 1.8

+2.8

+

.1

+ 1-3

Public utilities (including transportation)

- 7-6

+

.3

- 15.4

+

- 1.6

- 1.6

+ 4.8

+1.2

+ .2

+ .9

+ 1.8

+ 1.7

Construction

+ 7-3

+

.3 + 1.9

.8 + .3

•3

+1.1

+ 5-1

-

All other types of business

+ 19-7

- 3.8 +

+1.5

-1.8

+ 7.7

+ 4.9

Net change in classified loans l/

+281.9

+10.5

+121.9

+ 9-0

+34.2

+18.4

+5.2

+31.9

+7.1

+ 6.0

+6.1

+11.6

+20.0

Unclassified changes - net

+ 91.1

+20.5

+ 12.1

+ 2.0

+ 2.8

- 1.4

- .2

+ 5.1

+ .9

+ 4.0

+2.9

+ 1.4

+4i.o

Net change in commercial and
industrial loans

+373.0

+31.0

+134.0

+11.0

+37.0

+17-O

+5.0

+37-0

+8.0

+10.0

+9.0

+13.0

461.0




2.0

.1

- 1.0
+

+

.9 -

.3

+ .8

.3 + 4.2

+3-2

.1 +

-

.5