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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) September 23, 195 9 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased in all districts and all but two industrial classifications were included in the net increase of $34l million at all reporting member banks during the week ended September l6, which reflected quarterly tax date needs. The principal net turers of food, liquor, and to the wholesale and retail petroleum, coal, chemicals, turing and mining concerns, and leather products. increases were $86 million each in loans to manufactobacco products and to public utilities, $38 million trade, $32 million to manufacturers and producers of and rubber products, $27 million to "other" manufacand $25 million to manufacturers of textiles, apparel, 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 , Sept. l6g/ Cumulative since mid-year July 8, 1959 July 9, 1958 to , to Sept. 16, 1959^' Sept. 17, 1958 (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 + 86 + 25 - 8 +177 +178 - 79 +157 - 6 -294 + 32 + 27 + 88 +138 + + Trade--wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + + + + 38 13 86 3 19 + 82 +171 +175 + 7 -128 + 87 +161 - 38 + 56 +174 Classified changes - net Unclassified changes - net +314 + 27 +809 + 55 +341 - 25 Net change in commercial and industrial loans +341 +864 +317 kh 1 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, SEPTEMBER 16, 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 DisNew Phila- Cleve- RichSt. Minne- Kansas San Fre tricts P/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco I (In millions of dollars) 85.7 25.1 + 2.9 + 56.8 + 3.6 + 3.8 - -5 1.2 + - .5 + .5 +13.8 + 4.6 + 3.6 + .2 + 2.1 + .9 + .1 8.4 32.4 27.2 + 3-0 - 29.1 + 3-1 + 6.1 + .1 + • 7 + 14.9 + • 7 + •3 + .4 + 2.6 + 10.5 + 4.0 + 4.9 - .4 + -7 - .6 + 8.7 +10.5 + 5.2 2.6 +2.3 + .6 +1.0 + 1.3 + .9 - .6 - .1 - -3 +1.0 +2.7 -1.3 +1.9 + .4 - 3-3 + 9-3 + - .9 .8 + .9 +1.7 -1.0 +2.9 h-°> +1.5 - + 1.7 -1.4 +1.3 +4.4 - -7 + 8.8 + 4.3 + .4 +1.2 + .8 + .6 + .9 + .7 +1.4 -2.2 + .5 +1.7 + 2.4 + .5 +1.3 - .7 -1.3 — +1.9 - .2 Not Trade: Wholesale Retail + 37-6 + .5 + .6 - 7.6 • 2 + 1.9 Commodity dealers + 13-3 - .7 + 5.3 Public utilities (including transportation) + 85.7 + 3-5 + 61.9 Construction - 3.0 - .8 All other types of business + 18.8 - .4 + 1 2 . 8 Net change in classified loans 1/ +314.4 + 9-7 +155.5 +17.5 +25.O +9.7 +5.1 +60.2 +12.3 +8.2 +4.2 +7.0 Unclassified changes - net + 26.6 + 3.3 - 1 1 . 5 - 1.5 -2.7 + .9 + 6.8 - .3 -1.2 -1.2 +1.0 +33.0 Net change in commercial and industrial loans +341.0 +13.0 +144.0 +16.0 +7.0 +6.0 +67.0 +12.0 +7.0 +3.0 +8.0 +33-0 - - -3 + + 2.9 4.7 + - 1.4 +1.8 + 7.4 +5.5 .1 +2.1 + 3.8 - .4 -3 - - + 1.4 + .6 — - +25.0 .7 - - avail- able PZ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank. 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.
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