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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H. 12 (For Immediate Release) April 23, 1958 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The net decrease in commercial and industrial loans at weekly reporting member banks during the week ended April 16 amounted to $2 million. The principal net decreases were $36 million in loans to manufacturers of food, liquor, and tobacco products, $29 million to manufacturers of metals and metal products, and $20 million to commodity dealers. Offsetting net increases included $24 million in loans to public utilities $17 million to the wholesale and retail trade, and $11 million each to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and to the construction industry. 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 , Apr . 162/ Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business Classified changes - net Unclassified changes - net Net change in commercial and industrial loans 36 7 29 - 612 + 119 + 188 -360 +150 4608 11 1 + + 6 84 + 69 +126 + 17 - 264 271 598 96 8 9 - 54 -297 +266 +103 - 54 -151 + 32 34 -1,458 - 187 +407 -152 - 2 -1,645 +255 ~ - + + 20 8 + 24 + 11 + 1 - - 2/ Preliminary; see footnote on attached table. Cumulative since year-end Dec. 25, 1957 Dec."26, 1956 to , to Apr. 16, 1958E/ Apr. 17, 1957 (In millions of dollars")" CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL l6, 19$8 E.i2(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 Trade: Wholesale Retail New Phila- Cleve- RichSt. Minne- Kansas All Die- | San FranBoston Atlanta Chicago tricts £/| Louis apolis City Dallas cisco E Z York delphia land mond (In millions of dollars) -35-5 - 7.2 -3.7 - .2 - .4 - 6.3 -5.4 -1.6 -28.7 +-10.9 + 1.1 - .1 +1.0 +2.4 -35-7 + 7.3 + 3.1 +1.1 + .4 - .2 i+16.9 + .7 - 4.1 +4.9 - 8 . 7 - 1.6 - •3 + 1.0 -1.0 - .5 -1.2 + .4 -10.4 + .4 -3-5 +1-5 + + .1 - . 9 .2 - .2 +- .2 - .6 + 1.7 - 1.2 + .9 +1.9 - .1 - .6 +- 2.8 +3-1 + .1 + .4 +- .8 - 1.0 +- .4 + 1.0 9-2 1.1 - 7.4 + 2.7 .8 +• +1.0 - .1 + .1 - .4 + ,3 +1.9 +1.3 + .4 +- 1.4 - .8 +2.6 + .8 - .5 + 1.7 + .1 +1.0 -2.5 - 1.3 - .3 -1.5 - 1.4 -3.1 -- + 4.3 -3.7 + 5•9 - .1 - .2 - .1 . .1 + 9.7 + .7 - .7 - .1 +• 2 . 6 .7 +.2 + 7.1 + 6,5 + 6.9 — mm wm - .3 + .3 + 3.0 +- 1.1 6.3 ( ) + 1.8 +10.6 ( ) + .8 Commodity dealers -19.9 Sales finance companies - 7.8 -6.4 -#5-9 - 6.6 -3-3 - Public utilities (including transportation) +24.2 + .8 +6.6 - 8.3 - .5 + .4 + 1.6 Construction +10.6 + .8 + .4 + .6 +2.2 + 1.6 All other types of business + 1.2 +2.4 +1.0 + .7 + .2 - .1 + 1.1 +1.7 + Net change in classified loans l/ -34.2 +2.4 +8.9 -16.3 -2.7 - .5 + 1.1 -4.9 +11.3 + .4 +17.3 Unclassified changes - net +32.2 +1.6 - .9 + 3.3 -1.3 + .5 ~ 2.1 - .1 +• 1 . 7 +4.6 - .3 +-32.1 2.0 +4.0 +8.0 -13.0 -4.0 - 1.0 -5.0 +-13.0 +5.0 +17.0 +39.0 Net change in commercial and industrial loans -65.0 *2 -2*1 + 1*0 + *7 - 1,0 - 1,1 - •9 g/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank, l/ 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.
@FedFRASER