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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 September 30> 1959 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial and industrial loans increased $28 million at all reporting member banks during the week ended September 23. The principal net increases were $51 million in loans to public utilities, $33 million to commodity dealers, and $18 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products. The larger offsetting net decreases were $28 million in loans to manufacturers of textiles, apparel, and leather products, $17 million to manufacturers of metals and metal products, and $29 million to unclassified borrowers. Changes in loans during the week and since mid-year are shown below; the third column shows the changes during the comparable period last year. Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended , Sept. 23$Z Cumulative since mid-year July 9, 1958 July 8, 1959 to to , Sept. 24; Sept. 23, 1 9 5 # (In millions of dollars) + 5 -28 -17 +211 +148 -118 +186 - 24 -272 +18 - 7 +108 +133 + 44 - 3 Trade--wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business + 1 +33 +51 - 4 + 4 + 84 +204 +244 + 4 -105 Classified changes - net Unclassified changes - net +57 -29 +914 - 22 +375 - 40 Net change in commercial and industrial loans +28 +892 +335 + 82 +165 - 30 + 60 +167 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, 19592/ Preliminary. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, SEPTEMBER 23, 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 All DisBoston tricts i>/ i + 5.4 -27.8 -17.2 +17.8 - 6.8 Trade: Wholesale Retail New York St. Phila- CleveAtlanta Chicago Louis delphia land (In millions of dollars) San FranMinne- Kansas Dallas apolis City cisco J?/ - .2 - 9-1 - 7-0 -12.8 +1.5 - .8 - .8 + .3 - 1.2 - .2 +1.1 -1.7 + 7-3 - 1.2 +2.6 -2.0 + .6 + .2 - .6 +1.9 - *3 - 1.8 -2.4 + 1.2 -2.7 + 3.4 -1.0 + .7 -1.4 -11.1 - -9 - .6 -2.6 + .2 — 1.0 - 3-2 .6 + .1 - .6 - .8 - .2 -1.0 - .4 - -7 -1.7 - 3.9 + .1 + .7 + .5 + .4 - 2.3 - .5 + -5 - .6 .1 + .4 -1.3 +2.0 +2.3 + 2.7 +5.9 + .6 + .8 + .8 + - + 8.0 .1 +20.6 -9 - 2.3 - 1.5 + -5 + 7.9 -1.1 - .2 - -9 avail- Commodity dealers +33.1 - 1.4 +17.3 +2.1 Public utilities (including transportation) +51.3 + -3 +31.2 +3.7 +10.0 -1.0 +1.5 + 2.7 +1-3 + .8 + .5 + .3 Construction - 3.7 - 1.4 + 1.4 - *1 - .3 —1.2 +1.8 - 2.8 - -7 — l .6 + .1 +1.1 + 3-6 -1.5 - .2 — — - .2 - .1 + «3 - + .8 +3.4 - -7 +6.1 - - Not - .9 -3.2 able CVJ Net change in classified loans 1/ +57.4 -14.7 +65.8 +1.4 + 6.3 -3.1 +4.0 - 7.2 +4.0 - Unclassified changes - n e t -29.4 - 2.3 -19.8 -1.4 + 3.7 -3.9 -2.0 - 7.8 +5.0 - 5-5 - .3 - .1 +5.0 Net change in commercial and industrial loans +28.0 -17.0 +46.0 +10.0 -7.0 +2.0 -15.0 +9-0 -10.0 -1.0 +6.0 +5.0 + - 1.4 All other types of business — -5 4.5 — p/ 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 reporting member banks and about 75 P e r cent of those of all commercial banks.
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