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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM B.12 (For Immediate Release) October 21, 1959 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY Commercial and industrial loans increased in all but four districts and a total of $206 million at all reporting member banks during the week ended October l4. The principal net increases were $67 million in loans to manufacturers of food, liquor, and tobacco products, $60 million to the wholesale and retail trade, $47 million to commodity dealers, and $36 million to unclassified borrowers. Partially offsetting net decreases were $28 million in loans to manufacturers of metals and metal products and $13 million to manufacturers of textiles, apparel, and leather 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 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 . Oct. l W Cumulative since mid-year July 1, 1959 July 2, 1958 to , to Oct. 14, 1959s' Oct. 15, 1958 (In millions of dollars] - 381 102 191 +356 - 70 -420 + 10 + 145 + 26 + 3 + 74 - 28 Trade--wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 60 + 47 + 13 + + + 180 325 324 +177 +254 + 51 + 6l + - 108 +216 Classified changes - net Unclassified changes - net +170 +621 + 36 +1,240 7 +206 +1,233 +529 Net change in commercial and industrial loans + 67 - 13 - 28 + + + 10 2 9 - 92 Note: Cumulative figures in the last column are not s-orxcyxy cum^arauxc w x m current figures because of revised loan classification beginning with week ended July 8, 1959. j>/ Preliminary. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 14, 1959 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 All Districts J?/ Boston . 2 . 6 + 66.6 - 13-4 - 27.7 + + 9-9 3.2 - 1.2 - .7 - 2.0 New York St. Phila- Cleve- RichAtlanta Chicago Louis mond delphia land (in millions of dollars) + 57.1 - 1.7 -5.0 - .8 - 13.8 -3.1 + .6 + 1.9 + .1 + -3 - 2.0 + 6.4 .6 +1.2 + 4.7 - .8 .4 + 2.2 - 2.7 + 1.5 - -2 —— - .6 — •5 -1.4 +2.0 •5 •9 •3 + + .6 -2*6 - 6.7 - 1.8 + .3 + .6 - .4 - .2 - .5 -1.0 -1.2 - 1.7 + .5 + .4 + 2.0 + .1 + 2.6 + . 5 f+ 60.0^ + 3-7 + 6.5 + 6.8 +1.7 +4.6 + 1.2 + 1.7 + -5 +1.7 + 1.8 + 2.7 + 11.3 + 1.3 +12.4 Commodity dealers + 47.4 + 1.2 + 15.2 + .3 + + .7 + 1.3 + 6.5 Public utilities (including transportation) + 12.5 -10.7 + 21.0 -3.9 + 1.8 + 1.3 Construction + 9.8 + 2.0 + 1.2 + .7 + + All other types of business + 1.9 + 1-3 + 3.6 + .3 - l.l +106.5 -3.4 + 8.5 Net change in classified loans _l/ +170.2 - Unclassified changes - net + 35-8 +206.0 -3-0 + 1.6 .3 - .4 +1.2 + .9 - .4 -l.l + 6.5 - .8 + .4 — .2 -1.5 : -3) 1 .. 0 + +1 1 + ( -1.1 +11.2 — .6 —l.l +8.1 + 4.5 + 3.0 " .5 + .4 - .1 + .5 - .2 - 1.4 + .7 +1.0 +1.3 -2.3 + 5.5 + .4 + 1.2 - 1.7 + .7 - .3 +2.7 -1.4 - 3.8 +2.5 + 5-9 +18.9 +13.8 +1-3 +4.1 +12.4 + .9 .1 + .7 +29.6 +5-0 +42.0 .9 - 2.7 Net change in commercial and industrial loans T San Fra: Minne- Kansas apolis City Dallas cisco P, +116.0 - 2.0 +12.0 +1.0 - 6.0 +25.0 +16.0 -1.0 +1.0 ( .3 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 P e r cent of ~ ~ total commercial and industrial loans of all weekly reporting member banks and about 75 per cent of those of all commercial banks.
