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BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM

H.12

(For Immediate Release)

September 2, 1959

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Net increases of $62 million in loans t o manufacturers of food, liquor,
and tobacco products and $48 million t o public u t i l i t i e s were the p r i n c i p a l f a c t o r s
in the $98 million net increase in commercial and i n d u s t r i a l loans at weekly r e porting member banks during the week ended August 26.
The p r i n c i p a l o f f s e t t i n g net decreases were $19 million t o "other" types
of business and $17 m i l l i o n t o manufacturers of metals and metal products.
Changes in loans during the week and since mid-year are shown below; the
t h i r d column shows the changes during the comparable period l a s t y e a r .

Business of Borrower
Manufacturing and mining:
Food, l i q u o r , and tobacco
Textiles, apparel, and l e a t h e r
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining
Trade--wholesale and r e t a i l
Commodity dealers
Public u t i l i t i e s and t r a n s p o r t a t i o n
Construction
All other types of business
C l a s s i f i e d changes - net
Unclassified changes - net
Net change i n commercial and
i n d u s t r i a l loans

Week
ended ,
Aug. 262/

Cumulative since mid-year
July 1, 1959
July 2, 1958
to
,
to
Aug. 26, 19592/
Aug. 27, 1953
( i n millions of d o l l a r s )

-17

+

1 3

+ 19
- 12
-312

__

+

29

+ 11

+ 6 2
+

6

+

5 1

+155

+

6

+104

-

6

+ 42
+129

+48
- 4

+

6 5

+ 7
-139

+76

+436

+22

+

+ 9 8

+ 5 2 6

9 0

-

26

+ 11
+129
-103
+ 38
+ 97
-149
- 36
- 1 8 6

Note: Cumulative f i g u r e s in the l a s t column are not s t r i c t l y comparable with
current f i g u r e s because of revised loan c l a s s i f i c a t i o n beginning with week ended
July 8, 1959p / Preliminary.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING M M E BANKS
E BR
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
W E ENDED WEDNESDAY, AUGUST 26, 1959
EK

H.12(a)

Business of Borrower
Manufacturing and mining:
Food, l i q u o r , and tobacco
T e x t i l e s , apparel, and l e a t h e r
Metals and metal products (including
machinery & t r a n s p o r t a t i o n equipment)
Petroleum, c o a l , chemicals, and rubber
Other manufacturing and mining
Trade:
Wholesale
Retail

St.
New Phila- Cleve- RichAll Dis-,
t r i c t s £ / Boston York delphia land mond Atlanta Chicago Louis
(In millions of d o l l a r s J
+ 62.1
+ 5-9

+ .4
-1.7

+30.4
+ 9.4

+5.6

- 16.5
-3
+ 5-9

- .8

- 9-8
- -5
+10.0

-2.8
- -5

+
-

2.8
.1

+ 2 . 3

-

2 . 9

+ .2
+ 2.7

- -5
- .8

+
-

.1
.1

+ .8

- 8.8

+ .1

+

1.6

+27.4

+ .8

+

+

- -7

(-

5

-7)
.4

+ .2

- -3
- .7

+ .5

+15.5
+
•7

-2.3

-1.2
- .1

+

-1.1
- .1

+

-

1.8
2.1
.1

+1.1
+ .5

-

1.4
2.9

- .8
- .3

+1.1

-1.7

-

.8

6.8

- .3

+3-5

+

-

1.0

+ .1

+ .6

+

1 . 0

+1.1

+

2 . 5

.1

-

+ 48.4

Construction

-

A l l o t h e r types of business

- 19-3

- 1 0 . 6

-

Net change in c l a s s i f i e d loans l /

+ 75-9

+51.1

+ 2 . 5

+ 1 0 . 6

Unclassified changes - n e t

+ 22.1

+

+ .5

-

4.6

Net change i n commercial and
i n d u s t r i a l loans

+ 98.0

+59.0

+ 3 . 0

+

4.2

+ .6

.7

7 . 9

.9

O

Public u t i l i t i e s (including t r a n s p o r t a t i o n )

ON

Commodity d e a l e r s

+ .8

- .1

+1.3
-32
+

.2

+ -7
- -

+

.2

. 2

— . 2

-

.6

Minne- Kansas Dallas San Francisco £/
apolis City
+ .1
+ .1

- .7
+ .1

-2.9
+ .1
+ -5

-2.1
+ -7
- .1

+

+ .1

- -3
+ .1
mm mm

-3-0
- .8

+ 9.4
+ -3
+ 3-0
- .4
- 2.8

( *3)

J

+ .4
- 2.3

- .4

+1.2

+ 1.6

+ .2

- .1

+ -7

+ 6.7

-1.2

-2.2

- .7

+ .2

-

.2

3.9

+ .8

+

-1.9

-4.2

+

.2

+3-5

+10.3

-2.8

- -5

-5.2

-6.4

+15.9

- .2

+ 5

-

+ 9 . 8

+1-5

-1.8

+2.4

+ 8.1

—

+4.0

+ 7-0

+7-0

+1.0

- 7 . 0

-4.0

+24.0

—1.6

.9

- -3

-

+ 3 . 6

+2.8

3-3

- .6

-

.4

- .1

-

+ .2

3.3

. 2

. 1

(_

p / Preliminary; f i n a l t o t a l s w i l l appear i n t h e F . R. B u l l e t i n and San Francisco D i s t r i c t f i n a l f i g u r e s appear in a r e l e a s e of the Reserve Bank,
l / About 210 weekly r e p o r t i n g member banks are r e p o r t i n g changes in t h e i r l a r g e r loans as t o industry; these banks hold about 95 per cent of
t o t a l commercial and i n d u s t r i a l loans of a l l weekly r e p o r t i n g member banks and about 75 per cent of those of a l l commercial banks.