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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

April 16, 1958

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $89 million in loans to sales finance companies was the
principal factor in the net decrease of $182 million in commercial and industrial
loans at weekly reporting member banks during the week ended April 9«
Other relatively large net decreases during the week included $40 million
in loans to "other" types of business, $28 million to manufacturers of food, liquor,
and tobacco products, and $10 million to manufacturers of metals and metal products.
Changes in loans during the week and since the last Wednesday in December
are shown below; the third column shows the changes during the comparable period
last year.

Business of Borrower

Cumulative since year-end
Dec. 25, 1957
Dec, 26, 1956
to
.
to
Apr. 9. 19582/
Apr. 10, 1957
(In millions of dollars)

Week
ended ,
Apr. 9&/

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

- 23
- 7
- 10

- 572
+ 125
+ 220

-348
+150
4594

-

+

5
84

+ 41
+128

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

- 2
- 8
- 89
- 6
+ 3
- 40

-

278
250
588
121
18
10

- 94
-283
+157
+103
- 51
-167

Classified changes - net
Unclassified changes - net

-195
+ 13

-1,413
- 230

+230
-117

8
1—1

-1,643

+113

•

Net change in commercial and
industrial loans

4
4

g/ Preliminary; see footnote on attached table.




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, APRIL 9, 1958
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

Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San FranAll Dis- Boston New
cisco p/
Louis apolis City
tricts p/
York delphia land mond
(In millions of dollars)
+ .6
- .3

-10.7
- .3

-2.8
- .1

-1.7

+1.5
- .4
+ .6

- 5-4
- 3.9

-1.9
+ .3
+ .9

+ .8
-1.0

-f . 1 - 1*1
.6
+ .4

+ .2
- .7

- 27.8
- 7-1

+ .1
-1.4

- 12.0
- 6.7

+ .3
+ .3

- -3
+ .7

- 10.3
- 3.7
- 4.4

+ -5
+ .9
+ .5

-

3.1
5-5
3-3

- .2
- .1
+ .2

- • 3 - .6
+ .8 + .4
+ .6 - .1

3 k ) + .1
+ .4
-k)

- 2.2
+ 1.8

+1.1
- -5

- -7
+ .2

(
(-

2

- -3
+ .8

- -

Commodity dealers

- 7.5

- .9

+ 2.9

- .4

- .4

- .4

-1.5

+

.6

-4.3

Sales finance companies

- 88.7

-7.4

- 70.9

--

-7-8

+1.3

+1.3

-

-3

+2.2

Public utilities (including transportation)

-

5.7

+ .8

-

.5

-1.0

+ »2

+ .4

+ .2

- 8.5

Construction

+ 2.8

+ -5

+

.7

—

- .4

** .2

+ .6

All other types of business

- 39.9

-1-7

- 11.3

-2.3

+ .3

-3.2

Net change in classified loans 1/

-194.7

-7.6

-110.1

—2.6

-7-1

Unclassified changes - net

+ 12.7

-1.4

-

+ ,6

Net change in commercial and
industrial loans

-182.0

-9.0

-116.01

-2.0

5.9

+ .4
--

+

-1.0
— .2

- .2
- .8
- .1

+ .1
+ 1.9
+ 1.4

- »3
- .1

+ .4 (
+ -7 (

— -

.6

- 2.0
- .1
+ .3
- 1.0
- 1.2

0) + 1.0
1.5

-9)-

- .4

- 2.1

-

.6

+ .9

+1.7

-

.5

- 9.2

+ .4

+ .7

+ .1

+

.1

+ 1.4

- 2.4

+ .3

+ .1

+1.1

+ 2.5

- .2

- 4.2

- .2

+ .1

+ .8

-15.4

- 2.6

-2.1

+2.9

-36.8

-5.7

-1.5

+3.7

-12.3

-15.5

+ .1

+1.1

+ .1

-

.2

- -3

-1.5

- .7

+ 3.3

+17.5

-7-0

-1.0

+3.0

-37.0

-6.0

-3.0

+3 - 0 - 9.0

+ 2.0

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.
\f About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 Pe** cent of total
commercial and industrial loans of all weekly reporting member banks and about 75 P e r cent of those of all commercial banks.