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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

February 19, 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 12 amounted to $100 million and
included decreases of $49 million in loans to sales finance companies, $43 million
to commodity dealers, and $29 million to manufacturers of food, liquor, and tobacco
products.
\

Offsetting increases included $13 million to manufacturers of textiles,
apparel, and leather products, $12 million to manufacturers of metals and metal
products, and $11 million to "other" manufacturing and mining.
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
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
,
Feb. 1 . i
2f/

Cumulative since year-end
Dec. 26, 1956
Dec. 25, 1957
to
to
Feb. 12, 1958:
Feb. 13, 1957
(In millions of dollars)

- 29
+ 13
+ 12

+
-

392
43
99

3

+

22
33

- 7
- 43

7
7
1

-

Classified changes - net
Unclassified changes - net

- 95
- 5

-

Net change in commercial and
industrial loans

-100

-1,966

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

-

+ 11

- 49
+
-

p/ Preliminary; see footnote on attached table,




333
110
592
57
32
52

-

+
+
+
+
-

+
-

-1,636
330

-

313
18
60
39
8

231
118
199
37
46
110

854
177

-1,031

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, FEBRUARY 12, 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
Trade:
Wholesale
Retail

All DisBoston
tricts P/

New
York

St.
RichPhila- jCleve
Atlanta Chicago
Louis
. . mend ,
delphia| land
{In millions of dollars)
-4.0
+ .6

-1.1

+9-5
+ .3
+ -7

+ .5

-1.1
+2.3

- 7.2
+1.3

- 4.1

- 4.7

+

- .5

+1.5

- 6.4
- 2.9

+ 11.6
2.6
+ 11-3

+ .9
+ .9
+2.7

+ 4.8
- 1.3
+ 3-9

-1.0

6 8

+ -5
+ -7

- 5-5
- 1.4

- .1

+ .5
-2.7

— •1

+ •9
+1.1

-27.8

+1.2

- -3

- A

-1.6

+

29.1
+ 12.7

r

-)

+1.2

+ .1
- .2
+ .4

+3.4

+ .2
+2.1

+ .8

*» *

+ .8

— .2

— 3•6
+ 1.5

+ 2.5
.1
.1
-9
-

.4

San FranMinne- Kansas
Dallas
cis c o g /
apolis City

-

.8
• -

-2.0
— —

+ .4
+ .2
+ .2

+ .1

+1.0

—

+ .1

.2

-2.2

- -3
+ -5

-5

- 9-5

- -3

- -3

- 5-3

+4.8

-

.1

+

.8

+
+
+

.8

+

.1

-

.2

-1.4

+

Commodity dealers

- 42.7

Sales finance companies

- 48.5

- ,5
f

-28.7

-1.6

-1.1

-3.1

-2.5

-10.5

Public utilities (including transportation)

-

7-2

-1.8

- 3.3

+ -3

-1.1

- .1

- .3

- 3-6

Construction

+

6.9

- -5

-

.8

- .2

+1.0

+ .6

+ 1.1

+

-7

+ .1

All other types of business

-

.6

+1.9

+ 6.4

- .4

+1.3

+1.2

-5-2

- 9-5

+ 1-7

Net change in classified loans l/

-95-0

+7.3

-63.O

- .8

+3.7

+4.4

-5.2

-34.4

Unclassified changes - net

-

5.0

-3-3

+ 8.0

- .2

+2.3

-3.4

+2.2

Net change in commercial and
industrial loans

-100.0

+4.0

-55.0

-1.0

+6.0

+1.0

-3-0

(
C

l.lj

- 3-2
•

-

1.8

+ 2.0

.4
.4

+ 1.2

-

+

-5

.6

- 1.0
+

.4

+ 2.8

~

,1

+ .1

+ 5-3

-

-5

+ •3

- .6

+ 3-0

-

-7

-15.1

+3.7

-3-8

+ 8.6

-

.4

+ 8.4

+

.1

+ -3

- .2

+ 1.4

-20.6

-26.0

-15.0

+4.0

-4.0

+10.0

-21.0

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 P e r cent of those of all commercial ban s.




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