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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H. 12

(For Immediate Release)

April 2, 1958

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $74 million in loans to sales finance companies was the
principal factor in the net decrease of $31 million in commercial and industrial
loans at weekly reporting member banks during the week ended March 26.
Other net decreases included $26 million in loans to manufacturers and
producers of petroleum, coal, chemicals, and rubber products, $25 million to public
utilities, and $20 million to manufacturers of food, liquor, and tobacco products.
Offsetting net increases included $35 million in loans to "other" types
of business, $34 million to manufacturers of metals and metal products, $19 million
each to "other" manufacturing and mining concerns and to the wholesale and retail
trade.
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

Week
ended
.
Mar. 262/

Cumulative since year-end
Dec. 25, 1957
Dec. 26, 1956
to
.
to
Mar. 26, 1958E/
Mar. 27, 1957
(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

-20
- 2
+34

+
+

513
129
249

-305
+136
+561

-26
+19

+
+

12
92

+ 53
+112

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

+19
- 9
-74
-25
+ 5
+35

-

289
216
415
101
21
45

-124
-253
+136
+140
- 44
-133

Classified changes - net
Unclassified changes - net

-43
+12

-1,029
- 262

+280
-116

Net change in commercial and
industrial loans

-31

-1,291

+164

p/ Preliminary; see footnote on attached table.




+

CHANGES IN COMMERCIAL AHD INDUSTRIAL LOANS OF A SAwPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH 26, 1958

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 Districts p/ Boston

New
York

St.
Phila- Cleve- Richmond Atlanta Chicago Louis
delphia land
(In millions of dollars)

Minne- Kansas
San Franapolis City- Dallas cisco P/

+4.3

+ .3

-1.2

.
6
+ .2

- 2.2

+ 4.2
- 5-3
+ 4.3

- .1

- -7

+ .6

+ .6

+ .3
- .4

+ .4
- 2.C
- .3

+ 2.6
+ 1.2
+ .6

- 1.0

+ .3

+1.3
+1.0

- 1.3

- .8
—1.6

- .8

- .2

+ 2.4

+1-2

+7-6

-1.4

+1.3

+ 8.3

+ .8

+ .9

-7.5

- .1

+ .6

-14.1

- .1

3.3

+ .3

—

- .5

+ .5

- 1-7

+ .9

- 4.2

+ 28.0

+1.3

+ .7

+4.3

-6.6

+ 3.9

-42.9

+11.4

- 92.8

46.3

+4.4

+5.6

-l.l

Unclassified changes - net

+11.9

+ 5.6

+

1.8

+ .7

+ .6

-2.6

+1.1

Net change in commercial and
industrial loans

-31.0

+17.0

- 91.0

+7.0

+5.0

+3.0

-20.1

+1.2
- 4.4

— 10.4
- 2.6

— .2
+ .8

.3
+ .3

+ .4

- -5
+2.9

-10.9
- .3

+ 26.7
— 18.9
+ 1.3

+1.0
— .6
+ .1

+1.8
—1.3
+4.4

+ .3

+19.4

- 1.7
+ .6
+ 6.9

- .4
- .3
- «7

+l8.6j

+ l.l
+ 2.3

+ 4,3
+ 5.9

-1.0
- .6

+ .9
-2.2

Commodity dealers

- 8.7

+ 1.8

- 16•3

+ •8

Sales finance companies

-73-6

+ 6.0

-105.1

+3.5

Public utilities (including transportation)

-25.G

+

.8

-

9.c

Construction

+ 5.3

+ 1.0

+

All other types of business

+34.9

Net change in classified loans l/

Trade:
Wholesale
Retail

- 1-9
+34.4

-26.2

!

+1.1
+ .2

+1.0

+ .8

- .1
- .4

+1.0

+1.C

-2.0

+ .2

+ .6

) - 1.8
+ .1 (
+12.6) - 1.2
+ -5 (
-1.0

+ 2.8

+ .6

-1.0

+ 3.6

+ 1.9

+ .4

-

+ 3.4

+ .7

- .6

+ 1.0

+

+ .2

-1.0

+2.4

+ 1.2

+ 4.7

-11.5

+4.9

+ .8

+ .3

+18.6

+10.2

- 7.5

+ .1

+2.2

+ .7

- 3.6

+12.8

-19.0

+5.0

+3.0

+1.0

+15.0

+23.0

+ r9

.3

.4

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Re.isrre Bank.
1/ About 210 weekly reporting rnember banks are reporting changes in their larger loans as to Industry; these banks hold about 95 P e r cent of total
commercial and industrial loans of all weekly reporting member banks and about 75 P e r cent of those cf all commercial banks.