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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

September 9, 1959

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $54 million in loans to manufacturers of metals and
metal products was the principal factor in the $18 million net decrease in commercial and industrial loans at weekly reporting member "banks during the week
ended September 2.
The larger offsetting net increases were $17 million in loans to manufacturers of textiles, apparel, and leather products, $16 million to manufacturers
and producers of petroleum, coal, chemicals and rubber products, and $l4 million
to public utilities.
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

Cumulative since mid-year
July
1, 1959
July 2, 1958
Week
to
.
to
ended .
Sept. 2, 19592/
Sept. 3, 1958
Sept. 22/
(in millions of dollars)
+10
+17
-54

+65

+6l

+152

- 12

+16
-1

+ 44
+102

+ 9
- 26

Trade--wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
All other types of business

-8
+ 2
+l4
-8
-6

+ 33
+131
+ 80
-149

+22
+146
-122
+ 36
+ 98

Classified changes - net
Unclassified changes - net

-19
+ 1

+4l8
+ 82

-165
- 44

Net change in commercial and
industrial loans

-18

+500

-209

- 40

-376

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•
p/ Preliminary.
In addition to the weekly table, a monthly table is attached showing
changes during August compared with the preceding month and with August 1958, and
also showing changes during the past twelve months.
Most of the major changes by industrial classifications were in the same
direction as in July. Exceptions were in loans to manufacturers of food, liquor,
and tobacco products and to the construction industry which increased in August
in contrast to decreases during July; and in loans to manufacturers of metals and
metal products which decreased in contrast to increases in the previous month.




CHANGES IN CCB6MERCHL AHD 1NHFTRIAL EDMS OF' K SAMPLE OF WEEKLY REPGHL-ING- MEMBER BANKSBY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 2, 1959
New IPhila- Cleve- Rich- Atlanta Chicago St. Minne-[Kansas Dallas San FranAll DisBoston York j delphia land
el.sco VJ
Louis apoli 3| City
Business of Borrower
mond
tricts Ef
(In millions of dollars)
Manufacturing and mining:
+ 5.7 - -5 + .1 +1.0
+ .9 - .4 + .2 +1.2 + -9 + .8
+ 9-9
Food, liquor, and tobacco
+ .9 +1.2
- .9 + #1 - .2
-1.1
- .4 +1-7
+ .3 +12.0 +3-5
+17-1
Textiles, apparel, and leather
Not
Metals and metal products (including
+
.8
- .1 + .1 - .1
8.1
-3.4 -33-1 + -5 -8.2 -1-9 - .2
-53-7
machinery & transportation equipment)
- .4 + .1 - .4 + 2.0
.4
7.6
+
-5
+ .8 +21.0
- 3 + .3
+15-6
Petroleum, coal, chemicals, and rubber
+ •7
+ .1
+ .3 + 1-7 -2-3 -1.1 + .3 + .1
- 1.4
Other manufacturing and mining

B.12(a)

Trade:
Wholesale
Retail

+ .6 (
- -3 c

-2.0
-2.2

- 2.0
- .8

- .9
+ .2

- .3
+2.5

- .6
- .4

+1.2
—1.0

-

.2
3-7

+ .2
- *7

+2.1
+ .4

Commodity dealers

+ 1.6

+3-6

- 4.3

+ .3

- .8

+2.3

+ .1

- 2.0

-1.5

+3.5

Public utilities (including transportation)

+14.4

+ .4

+17.0

+1.4

+4.0

+ -5

- .2

- 5-2

- .5

- .1

+1.8

- 4.7

+ -3

+ 5-5

- .3

- .4

-1.0

- -9

-

.8

-2.4

- .7

• -3

-

Construction

- 8.1

All other types of business

- 5-5

+ .8

- 5-4

-2.1

- .8

+3.1

+3-7

- 1.6

+1.7

- .1

+ .8

- 5.6

Net change in classified loans l/

-18.5

- .2

+11.2

+ .2

-4.0

+5.4

+2.1

-22.5

-3.1

+3.9

+2.7

-l4.2

Unclassified changes - net

+

-5

- .8

-I7.2

-1.2

-1.0

-2.4

- .1

+ 3-5

- .9

+2.1

+ .3

+

.2

+l8.0

Net change in commercial and
industrial loans

-13.0

-1.0

- 6.0

-1.0

-5*0

+3*0

+2.0

-19 .o

-4.0

+6.0

+3.0

-14.0

+18.0




—

+

•5)

avail-

.4

7-1

able

—

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

4 weeks
ended
Aug. 26, 1959

4 weeks
4 weeks
ended
ended
July 29, 1959 Aug. 27, 1958
(In millions of dollars)

12 months
ended
Aug. 26, 1959

+115.0
+ 84.7

- 60.3
+ 50.1

+104.2
+ 14.5

+
+

70.4
129.0

- 8.1
+ 21.8
+ 31.0

+ 21.4
+ 6.4
+ 72.8

- 84.6
+ 24.1
- 5.8

+ 866.7
- 86.8
+ 187.0

Trade — wholesale and retail

+ 36.0

+

5.6

+ 16.7

+

481.8

Commodity dealers

+ 86.2

+ 43.6

+ 98.7

+

57.9

Public utilities (including transportation)

+ 19.1

+ 46.6

- 6.6

+

291.2

Construction

+

9-9

- 1-7

+ 27.3

+

126.1

All other types of business

- 14.6

-129.1

+ 56 -0

+

279-5

Net change in classified loans 1/

+381.0

+ 55.4

+244.5

+2,402.8

Unclassified changes - net

+ 10.0

+ 47.6

+ 39-3

+

Net change in commercial and
industrial loans

+391.0

+103.0

+283.8

+2,432.8

30.0

1/ See footnote on preceding table regarding current coverage and Note on first page regarding comparability with prior figures.