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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release

February 12, 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 February 5 amounted to $207 million. The principal net decreases were $62 million in loans to sales finance companies,
$55 million to unclassified borrowers, $49 million to commodity dealers, $47 million
to public utilities, and $22 million to manufacturers of metals and metal products.
Offsetting net increases included $30 million in loans to "other" types
of business and $25 million to manufacturers of textiles, apparel, and leather
products.
Changes in loans during the week and since year-end 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
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business

Week
ended .
Feb. 5£/
- 14
+ 25
- 22

+ 9
-

2

Cumulative since year-end
Dec. 31, 1957
Dec. 26, 1956
to
.
to
Feb. 5, 19582/
Feb. 6, 1957
(In millions of dollars]
241
50
65

-

294
7
1

13
30

+

27
1

- 47
- 7
+ 30

219
59
634
128
31
101

Classified changes - net
Unclassified changes - net

-152
- 55

•1,471
• 336

-

Net change in commercial and
industrial loans

-207

-1,807

-1,122

- 12

- 49

- 62

250
92
187
31
42
117
933
189

p/ Preliminary; see footnote on attached table.
In addition to the usual weekly table, a monthly table is attached
showing changes during January compared with the preceding month and with
January 1957* and also showing changes during the past twelve months,
All industrial classifications except manufacturers of textiles, apparel,
and leather products showed net decreases in loans in January; in most instances
the pattern of changes was comparable to January 1957•
The monthly decreases in loans to manufacturers of food, liquor, and
tobacco products and to the wholesale and retail trade continued their December
declines. Following increases in December, loans to sales finance companies and
to "other" types of business decreased in January; both categories reported the
largest monthly decreases since the series was started in 1951-




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, FEBRUARY 5, 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
Trade:
Wholesale
Retail

All DisBoston
tricts P./

New
York

Phila- Cleve- RichSt.
Atlanta Chicago
delphia land
mond
Louis
(In millions of dollars)

.4

- 2.2
+ .3

-14.6 - 2.9
+ 2.4
—

- .4
+ .2

-1.8
+ .5

- .8
+ .3

- 3.7
+ 1.9

- 2.1 + .8
- .1

.3

+
+
+

.8
.5
.4

+ .4 +
+ 6.8
- 1.5 +

.2

+ .5
+ .2
- .4

42.0
- .2
- .1

- .4
+1.0
- .5

- 2.8
+ .7
- 2.7

- 9-7 - .9
+ .8 + .2

+
-

.7
.6

.1

+ 2.0 +
- 4.2 +

.1
.6

+ .2
+ .6

+ .6

+ 24.8

+1.4
+1-7

+13.0
+13.3

- 21.6
+ 9-3
- 2.2

-1.8
+ .4
+1.7

-17-3 - .8
- 1.0 + . 1
+ 2.0 -1.2

( J f ,AU ^ + .1
1d )
Lt
<
+3-0

- Ik.1

-2.1
+3-5

+

.4 +
-7

Minne- Kansas
San FranDallas
cisco p/
apolis City

.7 +
.8 +

- -

-

- -

.2
— —

— —

( , k)-

-9
( - 3 A ) - 2.2

Commodity dealers

- 49-4

- .9

-35-0 -1.9

+ 1.7 - 1.6

- 2.9

- 2.0 - 1.8

+ .2

-1.3

-2.4

- 1-5

Sales finance companies

- 62.2

-5.9

- 6.4 - -7

- 7-4 - 7-5

- 7-7

- 8.0 - 6.6

-1.8

-4.6

-5.9

+

Public utilities (including transportation)

- 47.1

+ .9

- 6.4 +1.3

-10.3 - 1.0

- 1.6

-11-5

-

.8

- .6

- .5

+1.7

-18.3

Construction

-

7.0

- .2

- 2.4 - .1

-

-7 -

.4

+ l.l

- 2.3

+

•3

-1.3

-1.9

+

.9

All other typet} of business

+ 29.5

-1.7

+33-3

+ .8

-

.4 -

.8

- 1.6

-

- -5

+3.6

-

.7

Net change in classified loans l/

-152.0

-1.3

-15.8

-1.8

-18.3

- 9-9

-13.0

-33.2 -12.5

-2.6

-5.9

-8.7

-29.O

Unclassified changes - net

- 55-0

- -7

- 5.2 - .2

• 3 - 1.1

+ 1.0

CO
C\J
I

-5

- .4

- .1

+1.7

-47.0

Net change in commercial and
industrial loans

-207.0

-2.0

-21.0

-18.0 -11.0

-12.0

-36.0 -13.0

-3.0

-6.0

-7.0

-76.0

-2.0

+

.7 - 1.8

-

— -»

"

-3

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 commercial banks.




E.12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A

Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
Trade — wholesale and retail

OF WEEKLY REPORTING MEMBER BANKS BT INDUSTRY
4 weeks
ended
Jan. 29, 1958
+

12 months
ended
Jan. 29, 1958

- 20.1

- 19.3

-

254.1
22.9

+

97.9
36.3

-

22.2
27.7

+ 52.3
+ 89.1
- 65.3

+
-

19.4
17.6
21.3

+
+
+

414.4
401.1
46.6

-

207.4

-253.8

-

233.3

+

17.1

9.7

+ 83.1

67.6

-

60.4

571.3

+569.1

-

186.4

-

127.3

80.6

+200.2

+ 100.1

+

514.8

-

-

Commodity dealers
Sales finance companies

227.3
24.9

5 weeks
5 weeks
ended
ended
Dec. 31, 1957 Jan. 30, 1957
(In millions of dollars)

-

Public utilities (including transportation)

43.7

Construction

-

23.9

- 20.8

-

37.6

-

47.3

All other types of business

-

130.4

+135.1

-

107.8

-

19.2

Net change in classified loans l/

-1,319.3

+749.6

-

832.7

+1,078.2

Unclassified changes - net

-

280.7

l/- 41.6

-

199.3

-

693.2

Net change in commercial and
industrial loans

-1,600.0

I/+708.0

-1,032.0

+

385.0

TJ Revised.
1/ See footnote on preceding table regarding current coverage.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102