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

H.12

August 6, 1958

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $72 million in loans to manufacturers of metals and
metal products was the principal factor in the decrease of $ll8 million in commercial and industrial loans at weekly reporting member banks during the week
ended July 30.
Other relatively large net decreases during the week were $4l million
in loans to sales finance companies, $11 million each to manufacturers of textiles,
apparel, and leather products, and to "other" manufacturing and mining concerns.
The principal offsetting net increases were $26 million in loans to commodity
dealers and $15 million to "other" types of business.
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
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

Week
ended y
£/
July 30

Cumulative since mid-year
June 26, 1957
June 25, 195ft
tO

-117
11
72

y

tO

July 30, 1958B/
July 31, 1957
(In millions of dollars)
- 22

-356

. 88

- 83
+ 21
-229

4
11

• 11

- 27
+ 10

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

- 5
+26
- 4l
- 5
+ 7
+ 15

- l4
+19
-115
-126
+ 9
+ 28

- 42
+42
-280
- 83
+ 9
- 3

Classified changes - net
Unclassified changes - net

-103
- 15

-793
- 62

-665
-122

Net change in commercial and
industrial loans

-118

-855

-787

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, JULY 30, 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

All Dis- Boston
tricts P/
-

•1

- 11.2

- 71.6
- 4.4
- 11.3

(

-2.0

New
York

Phila- Clevedelphia land

+1.7

Rich- Atlanta
Chicago St.
mond
Louis

+ .8

- 3.3
- 13.8

-1.6
+ .6

- .2

+ .8
- .4

+ .1
- .7

+ 3.5

+ .4
+ .9

- 62.0
- 2.6

-1.1
-2.1
- .1

-7.7
-2.0
- -5

- .1
- .5
- .9

- .3
+ .2
- .4

- 4.0
+ .9

—1.6

-

4.6

+ 2.0

- —

-1.1
+ .4

+1.6
+ .7

+ .1
- .2

- .5
+ .8

+
+

+1.3
+ .1
-1.3

+ .4

- .6
- .1
+ .1

+1.2
-1.1
- .4

+ 1.3
+ 1.5
- 1.6

— -

.6
.8

5.3

-1.6

+

3.1

+ .1

+ .8

—
- .4

+.4
- .6

+

.5

+1.9

+ .4

- .3

-.6
- .9

+ .1
-

Commodity dealers

+ 25.5

+1.3

+ 14.6

-2.9

+2.5

-.4

-.2

+5.2

+3.3

+1.4

- .5

+ .6

+ .6

Sales finance companies

- 40.8

+6.8

- 23.2

-2.9

- .1

-3.2

—

- 3.2

-2.8

+ .6

-1.8

- .9

-10.1

Public utilities (including transportation)

-

+1.0

-

7-5

+ .9

+ .7

--

--

-

-1.1

- .2

-1.0

- .1

+ 2.7

Construction

+ 6.6

-1.3

-

1-5

+1.1

- .6

--

-.6

+2.4

+.1

--

+1.1

+2.0

+ 3.9

All other types of business

+ 14.5

-2.2

-

3.7

+1.1

+4.4

+ .3

- .9

+ 4.0

+ .3

- .1

+1.5

+3.6

+ 6.2

Net change in classified loans l/

-103.2

+2.0

-102.5

-6.8 - .9

-4.8

-3.0

+ 7-7

+ .8

+2.9

-1.3

+6.0

- 3.3

Unclassified changes - net

- 14.8

-2.0

-

.5

-1.2 -1.1

-2.2

-1.0

+ 5.3

- .8

-2.9

+ .3

+1.0

- 9.7

Net change in commercial and
industrial loans

-118.0

-103.0

-8.0 -2.0

-7.0

-4.0

+13.0

-l.o

+7.0

-13.0

(-

5-1

- .5

-.2

"

Minne- Kansas
San FranDallas
apoliSj City
cisco g/

-l.i

.5

(. A ) - 1.4
( + ' 8 ) - 7.8

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.
1/ 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 commcrcial banks.