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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

+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

+

+ .6
+ -7

Commodity dealers

.8

)

.4 + -7

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.