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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) November 18, 1959 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in all Taut four districts and a total of $40 million at all reporting member banks during the week ended November 11. The principal net increases were $54 million in loans to commodity dealers and $39 million to the wholesale and retail trade. Partially offsetting net decreases were $32 million in loans to public utilities and $31 million to unclassified borrowers. Changes in loans during the week and since mid-year 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 2/ Nov. 11- Cumulative since mid-year July 1, 1959 July 2, 1958" Nov. 11, 1959^ Nov. 12, 1958 (in millions of dollars) 273 +468 -160 -384 124 4o + 57 - 90 404 514 319 14 149 +296 +367 + 61 + 69 +222 +71 -31 +1,380 - 135 +904 -180 +40 +1,245 +725 -16 - 6 +12 + +11 - 1 + Trade--wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business +39 +54 -32 - 5 +13 + + + Classified changes - net Unclassified changes - net Net change in commercial and industrial loans 4l4 e» — - 4* - Note: Cumulative figures in the last column are not strictly comparable with current figures because of revised loan classification beginning with week ended July 8, 1959p/ Preliminary H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A S/MPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, NOVEMBER 11, 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 s ?i i/! -15-6 - 6.2 +12.3 +10.8 - .8 |+39. V) Boston San FranPhila- Cleve- Rich Atlanta Chicago IL ^ : g Minne- Kansas Dallas New cisco P/ City apolis York delphia land mond (In millions of dollars) + .2 +2.3 -29.6 +2,5 + 4.6 - .6 —1.4 .6 .1 - 8.8 + + .4 .4 •5 + 7.9 + 1.5 + ,2 + - .1 + l.l +14.1 .6 + - 3.2 + 1.2 •7 + 1.8 •5 - +1.3 + .2 +2.0 - -3 + -5 + .3 - .3 + .1 - .4 + .7 -1.7 -1.9 + 2.6 + 3.9 + 8.2 1.0 .2 + •3 + .4 - .6 + -5 - .2 + .5 +1.2 - .2 - .6 - -5 - * 6 - 7-1 - 1.8 + 6.1 + + •9 +1.4 + .2 + .4 .1 + -3 + -7 - *3 ( + c) + 8.0 + .7 ( *5) + 5-3 + 1.5 + 6.4 - .2 - .6 +4.5 +20.2 - .2 -1.1 + .4 - .1 + - - .6 +1.2 + 2.4 + 5.5 + .8 +1.1 + .2 + .1 - — — Commodity dealers +54.1 - .3 +22.3 + 1.0 •5 -1.7 + -5 Public utilities (including transportation) -31.9 -1.3 -15.5 - -5 .1 + .2 + • 1 -l4.2 Construction - 4.7 + .1 - 6.3 + .1 +1.3 +1.0 - l.l - 1-3 - -3 + .2 - .2 + 1.8 All other types of business +13-1 1.0 +4.5 -1.4 - + .2 + .2 +1.3 +1.4 + 3*4 + 8.9 5 + 6.5 +1.4 +4.9 +5-5 +37-6 + 5.k .6 .3 .2 Net change in classified loans l/ +70.5 +1.6 - 3.3 — 3*6 +5-1 *5 Unclassified changes - net -30.5 +1.4 - 6.7 -12.4 + 4.1 -4.1 + .5 - 6.4 + 4*5 -3.4 +2.1 -1.5 - 8.6 Net change in commercial and industrial loans +1+0.0 +3.0 -10.0 -16.0 +1.0 - 1.0 +11.0 -2.0 +7'0 +4.0 +29.0 +13.0 +1.0
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