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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) April 30, 1958 CHANGES IN COMMERCIAL AM) INDUSTRIAL LOAMS BY INDUSTRY Except for a minor increase in loans to the construction industry, all industrial classifications made net repayments during the week ended April 23; and the net decrease in commercial and industrial loans at weekly reporting member banks was $4l6 million. The principal net decreases were $136 million in loans to manufacturers of metals and metal products, $66 million to sales finance companies, $33 million to manufacturers of textiles, apparel, and leather products, $29 million to manufacturers of food, liquor, and tobacco products, $26 million to "other" manufacturing and mining concerns, and $23 million to the wholesale and retail trade. The decrease in loans to manufacturers of metals and metal products was the largest weekly decrease in this business category since May 1956. 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 April 23^' 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 - 29 - 33 -136 Cumulative since year-end Dec. 25, 1957 Dec. 2^7 to . to Apr. 23, 19582/ Apr. 24, 1957 (in millions of dollars] - + + 645 85 56 -379 +143 4^42 8 - 14 +82 - 26 + 59 +123 - 23 - 271 288 669 91 - 60 - 15 - 66 - 2 + 2 - 6 — 40 -151 - 15 - Classified changes - net Unclassified changes - net -358 - 58 -1,802 +253 - 259 -173 Net change in commercial and industrial loans -4l6 -2,061 + 80 |>/ Preliminary; see footnote on attached table. 25 -336 4-227 +101 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 23, 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 Dis- ] Boston tricts P/| New York Phila- Cleve- Rich- Atlanta Chicago St. delphia land mond Louis (In millions of dollars) - 29.2 - 33.4 - 3.0 - 6.0 - 16.4 - 13.5 -135.8 - 14.4 - 25-5 - 3.9 - -5 - 1.7 - 12.0 - 17.3 -1.0 - -3 - 1.3 .7 7.3 Trade: Wholesale Retail 23.2j - 76.1 Minne- Kansas Dallas San Franapolis City cisco £/ - .8 .2 - 2.6 - .7 - 3.1 - .2 + .6 - 1.8 + - 3.2 + 1.2 •3 - -5 -2-5 - .3 .6 + .3 - .9 + .1 -2.9 - 2.4 - 1.5 - -5 - 3.2 -4.5 - .6 - .4 + .3 - .4 + -5 - .3 -24.6 - 3-6 - 4.5 - 2.5 - .6 -17.9 - 1.3 + .1 - -3 +1.1 - .7 - 2.3 + .6 +1.2 +1.7 - .5 - 5.8 + .1 + .2 + .2 + .1 - .4 +1.3 - 2.0 - 9-8 -1.7 - -5 - 2.2 -1.5 .4 - 4.8 + 5.6 - 3.2 -1.2 - .3 - 1.4 - .9 + .5 - .1 - .2 - .1 + 1.5 +1.2 + .3 + 2.7 .4 + 1.8 ( C •14. lj + •2 Commodity dealers -15-4 - 1.2 + 2.5 Sales finance companies - 65.6 - 9.7 - 29.9 +1.5 -11.9 - .5 +5.6 -18.0 - 2.4 -1.5 + Public utilities (including transportation) - 2.3 - .9 + 17.8 - .7 *13.3 + .1 -1.4 + . 6 - .3 + .1 - 1.0 - Construction + 2.2 + .1 + 1»9 +1•l . + .8 6 + .4 - 2.5 + .1 + .7 + .2 - .8 + .8 All other types of business - 15.0 + .9 - 20.4 - .8 - .7 - .1 —2.1 + 5-9 + .9 +1-7 + .4 + 1.0 - 1.7 Net change in classified loans l/ -357.6 -27.5 -171.4 -7.2 -49.4 + .4 +2.5 -58.9 -17.8 -1.0 - .7 -23.0 - 3.6 Unclassified changes - net - 58.4 - .5 - 14.6 -1.8 - 1.6 -1.4 - .5 - 3-1 - — -15.3 - 3.0 -16.4 Net change in commercial and industrial loans -4i6.o -28.0 -186.0 -9.0 -51.0 -1.0 +2.0 -62.0 -18.0 -1.0 -16.0 -26.0 -20.0 .2 .1 j)/ 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.
