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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.