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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

(For Immediate Release)

H.12

December 31# 1958

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY
The net decrease in commercial and industrial loans at weekly reporting
member banks during the week ended December 24 amounted to $37 million. The principal net decreases were $74 million in loans to the wholesale and retail trade,
$30 million to manufacturers of food, liquor, and tobacco products, $12 million to
the construction industry, and $11 million to manufacturers of textiles, apparel,
and leather products.
The larger offsetting net increases were $50 million in loans to public
utilities, $19 million to manufacturers of metals and metal products, $l8 million
to sales finance companies, and $11 million to manufacturers and producers of
petroleum, coal, chemicals, and rubber products.
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 ,
Dec . 21)2/

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, 195%
June 26, 1957
to
I
to
Dec. 24, 19582/
Dec. 25, 1957.
(In millions of dollars)

-30
-11
+19

4600
-206
-483

+449
-139
-454

+11
-10

- 80
-107

+114
-145

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

-74
- 7
+18
+50
-12
±9

+194
+384
+ 70
+221
+ 32
+301

+ 97
+425
-205
+ 91
- 42

Classified changes - net
Unclassified changes - net

-35
- 2

+925
-251

+190
-434

Net change in commercial and
industrial loans

-37

4674

-244

g/ Preliminary; see footnote on attached table>




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AITD FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, DECEMBER 24, I95Q

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
Trade:
Wholesale
Retail

All Die- I
tricte E/|
-29.5
-10.9
+19.1

+11.2

- 9-9

(-73

,

on

+1.4

-2.2

New
Phila- Cleve- RichAtlanta Chicago St. Minne-[Kansas
York delphia land mond
Louis |apolis| City
(In millions of dollars)
-26.3
- 5.6
+18.4

|ciscor|/'

- .6

-1.1

- 3.8
+ .4

-

.2 - •7 + .5
+ 1 . 4 - 3.6

- .9
+ .9

- .1

- .4

+1.6

- .2

+ 6.7
- .3
- 1.3

- .4 + .5 -5.4
+ 1.0 + 1.3 + 8.1
+ .6
- 4.4

- .1

+ .6

-3.7

+1.2

- .8

+ .3

- .1
- .1

+ .1

- 3.4

+ .8

+ .5
- 3.2

+

- .3
- 7.6

-3.1
-2.1

- .1
- .5

- .5

-

-

~ 1.6

+ 1.0

-3.3

+1.5

+ .4

-3.0

+1.3
-1.3
-2.2

- 4.8

+ .7
+ •1
+ .3

- .4
-3.2

- 3.6
-43.0

-2.2

+ .8

Dallas

- .6

.6

—
.5

- .3

+2.0

Not

- .3
+1.6

(.,6) avail-

Commodity dealers

- 6.8

4- *2

Sales finance companies

+17.6

+ .4

-13.6

+6.1

+ 3.8

+ 6.1

+ 5.4 + 5 . 2

+4.5

+ .4

-2.3

+1.6

Public utilities (including transportation)

+50.4

- .6

+27.1

+1.3

+ 8.9

+ 2.4

+ 1.6

+ 7.9

+2.4

-1.0

+ .5

- .1

Construction

-12,3

-1.5

- 2.9

-1.9

- .2

+ 1.0

+ 3.1 - 9.5

- .9

-2.4

-2.5

+5.4

All other types of business

+ 9.3

+4.2

- 7.2

-1.5

+ .2

+ 3.0

-

.8

+13.9

-2.9

- .5

+ .4

.+ .5

Net change in classified loans 1/

-35.4

-3.9

-60.7

+ .4

+10.9

+ 9.3

+10.7

+ 5.8

-4.6

-6.9

+ .5

+3.1

Unclassified changes - net

- 1,6

+2.9

- 6.3

+ .6

+

,1

+ 2.7

+

*3

+ 2,2

+ ,6

-1.1

+3,5

+1.9

-9.0

Net change in commercial and
industrial loans

-37.0

-1.0

-67.0

+1.0

+11.0

+12.0

+11.0

+ 8.0

-4,0

-8.0

+4.0

+5.0

-9.0

»2

.9

.9

able

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District 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 F e r cent of total
commercial and Industrial loans of all weekly reporting member "banks and about 75 per cent of those of all commercial banks#