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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 August 27, 1958 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Most industrial classifications participated in the net increase of $237 million in commercial and industrial loans at weekly reporting member banks during the week ended August 20. The principal classified net increases were $$0 million in loans to sales finance companies, $33 million to public utilities, $24 million to manufacturers of food, liquor, and tobacco products, $21 million to manufacturers and producers of petroleum, coal, chemicals, and rubber, and $20 million to commodity dealers. 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 Week ended . Aug. 20£/ 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 June 25, 1950 June 26, 1957 to . to Aug. 20, 19582/ Aug. 21, 1957 (In millions of dollars) 24 5 14 - 58 - 8 -439 - 40 +76 -314 21 2 - 51 - 13 +42 +26 13 20 50 33 1 2 - 7 +117 - 18 -118 + 24 + 90 - 8 +206 -182 - 86 + 11 + 57 Classified changes - net Unclassified changes - net +182 ±.55 -481 - 17 -211 - 97 Net change in commercial and industrial loans +237 -498 -307 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business + + + + + 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, AUGUST 20, 195& 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 St. Minne- Kansas San FranPhila- Cleve- RichAll Dis- Boston New Atlanta Chicago Dallas mond Louis apolis City tricts P/ York delphia land cisco vJ (In millions of dollars) + 23.8 + 4.7 + .7 +2.7 + 4.8 + 1 . 2 + + .8 + 2.0 + .4 .8 + .9 -1.7 + .1 +1.4 + .3 - .4 + 13.7 + 20.6 + 2.0 - .6 - .8 +1.6 +11.6 + 1 . 0 + +14.5 + + + -3 .9 .7 .2 — — -1.3 - .3 -.6 + «7 [+ 12.7) + .1 -1.1 + 1.9 + 1.6 - . 1 + 3.4 - 1.1 - .7 +2.8 Commodity dealers + 20.3 - .9 + 7.5 + .1 + 1.0 Sales finance companies + 49.8 +1.1 +32.7 + 2.2 + 6 . 7 Public utilities (including transportation) + 32.7 -T.o +22.8 + 2.5 - .4 Construction - .5 - .3 - 3.5 + 1.3 - .2 All other types of business + 2.4 +3.0 - 5.6 + Net change in classified loans l/ +182.2 -1.5 +86.7 Unclassified changes - net + 5^.8 -2.5 - 7-7 - Net change in commercial and industrial loans +237.O -4.0 +79.0 Trade: Wholesale Retail - .4 + -5 + .3 - .3 + .4 + .7 + 1.3 +14.4 - 2.4 + 1*5 +5-5 — - .2 - .2 + .2 - .1 + .2 -2.0 + .5 + .3 + 2.1 + 1.1 - .7 + 1.0 - .8 +1.5 + .4 - 5-8 + 1.4 + .2 + .2 - .5 +1.1 - .2 1 3 + .2 (* - ! + 3.7 + 2.4 +3.5 - .2 + .9 + .2 +2.5 + .6 + 1.2 + 3.9 -2.2 +5-7 + 8.2 +3.7 + .8 -1.0 + 5.8 -13.9 - .1 +12.6 - - + .1 + + 1.3 + .5 +1.5 - 2.7 - .9 - .6 + .3 + 4.2 - .4 - 4.0 -1.9 -1*3 + 3.3 +1.9 + .1 +2.5 - 4.5 + 8.5 +12.3 + 9-4 - .1 +8.8 +24.8 +5.2 +3.3 +1.6 +14.4 +17.3 .3 + 2.6 +6.1 - .8 + 8.2 + .8 -1.3 + .4 - .4 +49.7 +12.0 +12.0 +6.0 +8.0 +33.0 +6.0 +2.0 +2.0 +14.0 +67.0 - - .9 .1 g/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Back. 1 / About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 JPer cent of total commercial and industrial loans of all weekly reporting member banks and about 75 F e r cent of those of all commercial backs.
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