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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H. 12 November 5> 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 October 29 amounted to $9 million. The principal net increases were $4l million in loans to commodity dealers, $32 million to public utilities, $25 million to "other" types of business, and $22 million to the wholesale and retail trade. The larger offsetting net decreases were $33 million in loans to manufacturers of textiles, apparel, and leather products, $23 million to manufacturers of metals and metal products, $20 million to "other" manufacturing and mining concerns, and $l8 million to manufacturers of food, liquor, and tobacco 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 , Oct. 29^' Cumulative since mid-year June 2&~,1957 June 25, 195S~ to to Oct. 1957 Oct. 29, 19582/ (In millions of dollars Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining - 5 -20 + 13 - 54 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business +22 +4l -13 +32 + 4 +25 +195 +270 -502 - 27 Classified changes - net Unclassified changes - net +13 - 4 + 21 -146 Net change in commercial and industrial loans +9 -125 -18 -33 -23 gy Preliminary; see footnote on attached table. +349 -146 -598 +287 -114 -459 - 22 - 11 -793 H,12(a) CHANGES IN •'COMMERCIAL' "ANDINDUSTRIAL LOANS OF A SAMPLE OF WEEKLY" REPORTING MEMBER" B&HKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 29, 1958 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 New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San FranAll DisBoston cisco P/ Louis apolis City York delphia land mond tricts £/ (In millions of dollars) -17.7 -33.3 - .1 - 5.0 - 2.0 -14.3 + 2.0 - 1-5 - .9 - .1 +1.0 -2.4 + .3 -2.3 -20.3 - 7-6 + 2.2 -1.2 - 1.4 - .1 -22.6 - 4.9 -19.8 - 2.8 - 1.2 - 3.2 - 2.2 - .9 - 7-7 - .1 + -3 - 1.1 -2.4 -1.0 + .9 + .1 - .1 + .1 - .1 + .2 + .1 -11.8 - 2.9 + 1.2 - -5 - .4 + 1.0 + .8 -1.1 + -5 + .1 - -3 [*2.k] - 1.0 + .6 + 5.1 +10.7 + .4 + 1.6 +1.6 + .3 + .2 + .6 + .2 + -3 - .2 -5 + . 3. - .1 + 1.2 + 1-5 - -3 +1.0 - .2 - 2.6 - 1.4 - 9-3 + .8 - -3 + 1-7 - .1 +1.1 - .6 r 1 - 0 ) + 1-7 - .8 + -7 +1-3 +5.9 + 2.6 -1.8 +3.4 + 1.4 Commodity dealers +40.8 + .8 +14.2 - l.l +2.3 + .2 + .9 + 1.1 +11.9 Sales finance companies -12.7 - .9 -14.0 + 7.8 -2.9 +1-3 +1.0 - 6.6 + .2 -1.6 Public utilities (including transportation) +31-5 +10.0 +12.1 + 2.4 +1.7 46.0 -1.2 - 1.4 + .1 Construction + 4.1 + .3 + 6.4 + .7 - -5 - -3 + 1.0 - 1.0 All other types of business +25-3 + 2.8 +20.2 + 1.0 + .9 -2.5 +1.2 - 1.4 Net change in classified loans 1/ 413.1 + +27.6 +11.7 +1.1 +4.0 + -3 Unclassified changes - net - 4.1 +1.7 -12.6 + -1.1 +3.0 - -3 Net change in commercial and industrial loans + 9.0 + 2.0 +15.0 +12.0 •3 — .3 +7-0 — + 2.1 + -5 +1.0 - 4.0 + 2.2 + .1 +1.8 -1.8 + -49.4 +18.0 -4.1 +2.5 +7.9 - 6.8 - 9-6 - 1.0 + .1 - -5 + .1 +15.8 -59-0 +17-0 -4.0 +2.0 48.0 + 9.0 -- .8 g/ 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 per cent of those of all commercial banks.
@FedFRASER