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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) November 19, 1958 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The net Increase In commercial and industrial loans at weekly reporting member banks during the week ended November 12 amounted to $149 million. The principal net increases were $$8 million each in loans to manufacturers of food, liquor, and tobacco products and to manufacturers of metals and metal products, $42 million to the wholesale and retail trade, and $32 million to commodity dealers. The larger offsetting net decreases were $49 million in loans to sales finance companies and $24 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products. 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 Week ended $/ Nov. 12' Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business Cumulative since mid-year June 26, 1957 June 25, 1958 to to Nov. 13, 1957 Nov. 12, 19582/ . . (In millions of dollarsj + 58 + 8 + 58 +434 -157 -514 +329 -114 -489 - 24 - 1 - 14 - 80 + 31 - 75 42 32 49 9 7 15 +211 +353 -253 + 22 + 68 +211 +241 +319 -557 - 19 - 25 + 4 Classified changes - net Unclassified changes - net + 13 +136 +281 -152 -355 -356 Net change in commercial and industrial loans +149 +129 -710 Preliminary; see footnofce on attached table. CHANGES IK COMMERCIAL AND INDUSTRIAL LOAFS OF A SAMPLE" OF WEEKLY REPORTING MEMBER BASKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, NOVEMBER 12, 1958 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 St. Minne- Kansas L __ |San Fr New Phila- Cleve- RichAll DisBoston York delphia land mond Atlanta jChicago Louis apolis City i D a U s s j Cisco tricts £/ (In millions of dollars) + 57-6 + 7-7 - .1 + 1.0 +16.0 + 3.2 + 4.6 + .6 +5.0 - .7 +1.9 +3.4 + 57.6 - 23.8 - 1.0 - 3-8 - .8 + 4.3 +43.6 -18.0 + .5 + 1.2 - .4 -1.9 )+ 42.2j + 3-5 + 5.6 +2.8 +1.9 - .1 + .2 + .3 -1.2 + .3 - .4 - -5 + 5.4 - 1.4 + .9 -2.2 -3.6 +1.4 + 1-7 + 5-5 +1.6 +1.6 + .2 -1.7 + .7 - .7 h +1.8 +22.5 - 1.5 .7 -3.4 + .2 + .7 + .9 - ,2 +13.7 + 2.4 + .7 + 3-2 + .7 —— + +1.6 + #1 - .2 +1.5 + .3 + .8 + .1 + -5 - .1 + .2 +1.4 -1.5 6 - .3 + 2,9 + + .1 .6 + 3.4 ) + 1.2 Commodity dealers + 32.0 + 4.3 +12.0 +4.5 +.2 +.2 + .4 - .8 +1.9 + .7 +2.0 +3.0 + 3.6 Sales finance companies - 49.2 - 1.5 - 9-8 + 6.6 -9-2 - .7 -2.1 -22.8 -1.6 + .3 -1.4 -2.5 - 4.5 Eufe33,c utilities (including transportation) - 8.7 - 1.3 - 4.5 + 2.6 - .5 - .1 — 3-6 + .2 + •1 Construction + 7.3 - .4 + .9 + 1.2 + .6 + .6 +4.5 - 1.7 All other types of business + 14.6 + 3.7 +12.1 +2.3 +1.8 +2.5 + .1 -12.9 Net change in classified loans 1/ +136.3 +14.5 +69.5 +29.9 -7-1 -*8.3 +4.9 Unclassified changes - net + 12.7 - 1.5 -3*5 + .1 +2.1 + .7 Net change in commercial and industrial loans +149.0 +13.0 466.0 +30.0 -5.0 49.0 — — -1.3 •3 -1.3 +1.4 -2.2 + 3.7 +1.3 + .6 •+ .2 +1.1 +1.8 - 9.4 +7.3 + .1 +4.9 +1.2 +12.2 +1.1 +1.4 - .3 + .9 +4.1 + .8 + 6.8 46.0 - 8.0 +7.0 +1.0 49.0 +2,0 419.O - - 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 per cent of total commercial and industrial loans of all weekly reporting member banks and about 75 P e r cent of those of all ccmnerciel banks.
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