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 H.12 (For Immediate Release) November 4, 1959 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans decreased in all but four districts and a total of $32 million at all reporting member banks during the week ended October 28. The principal net decreases were $38 million in loans to manufacturers of textiles, apparel, and leather products, $32 million to manufacturers of metals and metal products, $31 million to "other" types of business, and $33 million to unclassified borrowers. Offsetting net increases were $43 million in loans to commodity dealers, $32 million to the wholesale and retail trade, $30 million to manufacturers of food, liquor, and tobacco products, and $23 million to public utilities. 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. Cumulative since mid-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 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business Week ended $/ Oct. 28^ July 1, 1959 July 2, 1958 to / to Oct. 28, 1959^' Oct. 29, 1958 (in millions of dollars) +30 +380 -150 -38 -32 + - 4io 22 293 -13 -10 + + 117 53 + 9 - 62 +32 + + + 283 395 302 +215 +43 +23 - 4 -31 —«•» - 179 -469 +317 + 74 + 62 +236 Classified changes - net Unclassified changes - net + 1 -33 +1,,110 76 +613 -160 Net change in commercial and industrial loans -32 +1,034 +452 - 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, 1959. j>/ Preliminary. H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 28, 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 All Dis- . New Phila-jCleve- RichSt. Minne- Kansas San Frantricts I?/ Boston York delphia j land mond Atlanta Chicago Louis apolis City Dallas cisco P / (In millions of dollars} +30.0 -37-5 +1.2 —6.0 +25.1 -19.7 + 1.3 - .9 - 1-3 - .2 - .1 +2.2 +2.8 - .8 - 2.8 - 9-3 +1.4 - .4 -31.6 -12.5 - 9-5 -2.1 +1.4 -1.0 -10.9 - 1.6 + 1.1 - .3 -5.2 - .1 - .6 - 6.4 - 6 . 3 — .2 - .1 - .6 - .6 + .5 + .9 - 6.8 -12.5 + .2 - .2 - .1 - *1 -3 •! - .2 - -3 - -3 + .7 - -5 Trade: Wholesale Retail +31.9 +1.4 +1.4 - 3.0 +10.7 + .2 - .5 + 1.5 - .3 -1.4 + .7 - -7 + .4 + 2.6 + 9.5 +1.6 - .3 - .1 + -5 + .6 + -7 Commodity dealers +42.6 - .9 + 5.5 + 4.6 +2.6 +3.0 +1.8 + 5.5 +3.5 + .9 +1.0 Public utilities (including transportation) +22.6 +4.8 +17.6 -11.2 +1.9 + .4 - .2 + 8.0 +1.3 + .3 Construction - 4.1 -2.1 - 3.4 + 1.0 - .4 + .4 + .9 - 1.0 +1.7 All other types of business -31.1 + .2 - 3-9 + -1.0 -1.6 - 2.2 Net change in classified loans l/ + .8 -1.7 +17.5 -10.3 -9.2 +3.3 +3.4 Unclassified changes - net -32.8 +5.7 -23.5 - 1.7 +1.2 -1.3 Net change in commercial and industrial loans -32.0 +4.0 - 6.0 -12.0 —8.0 +2.0 ) .4 + -7 .8 + 1.0 .6 + 1.6 - .4 - 1.1 + *2 + 3.7 4 + 2.0 + 4.3 + 7.1 + 8.0 - - + .2 •5 - .7 - .2 + .1 .4 + .2 + .1 -1.0 -11.6 -11.4 - 8.8 +8.4 + -3 -2.5 - 5.6 + 6.0 - .4 + 1.8 + .6 -2.3 -2.5 - .4 +3.0 - 7.0 +9.0 -2.0 -5-0 - 6.0 -10.0 - 4.0 1/ 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 per cent of those of all commercial banks.
@FedFRASER