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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12
(For immediate Release)
July 16, 1958
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $150 million in loans to sales finance companies, $64
million in loans to manufacturers of metals and metal products, $23 million to
manufacturers of food, liquor, and tobacco products, and $17 million to public
utilities were the principal factors in the net decrease of $250 million in
commercial and industrial loans at weekly reporting member banks during the
week ended June 9*
The principal offsetting net increase during the week was $28 million
in loans to "other" types of business.
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 ,
July 92/
Cumulative since year-end
Dec. 26, 1956
Dec. 25, 1957
to
,
to
July
July 9, 1958B/
10, 1957
(In millions of dollars)
- 23
+ 3
- 64
+
830
70
90
+
+
485
158
870
- 4
- 2
+
178
148
+
266
211
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business
- 7
+ 7
-150
- 17
+ 2
+ 28
- 282
- 292
- 632
- 132
+
51
+ 142
Classified changes - net
Unclassified changes - net
-226
- 24
-2,024
- 218
+ 1,113
206
Net change in commercial and
industrial loans
-250
-2,242
+
p/ Preliminary; see footnote on attached table.
-
-
+
-
16
525
279
390
4
31
-
$07
H.12(a)
CEAKGSS IN COMMERCIAL AM) INDUSTRIAL LOANS OF A SAI4PL2 OF WEEKLY REPORTING MEMBER BAMS
BY INDUSTRY AMD FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 9, 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
New jPhila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San FranAll Dis-.
Boston
Louis apolis City
cisco 1V
York jdelphia land mond
tricts B/
(In millions of dollars)
.3
--
+ .2
+ .8
- .3
- .9
-10.2
— .6
- .1
+ -5
+ .7 + 1.0
- .1
-
.4
.2
- 2.2
+ -3
+1.4
- .2
- .7
- 3.2
- .7
- 1.9
+.8
- .9
+ .2
-.6
+ «1
+ .9
-17.4
- l.O
+ »4
-1.0
+ .1
+ •1
- .4 -
.1
.4
.3
- 3.4
- .3
- 2.2
- 4.6
- .7
+ 3.3
1.3
3.8
+ .5
+ .2
+
-
.5
.2
- .6
- .4
- .7
- 1.3
- .3
-1.1
+ .4 + .1 -
.5
.5 ("
3.9
- .4
-
.4
- .6
+1.8
+ 3.2
+1.6
+3.7 + 5.7
-1.7
- 1.5
- 22.8
+ 2.6
+ 3.1 - 14.9
- 2.1 + 4.9
- 63.9
- 3.5
2*3
- 2.5 - 32.9
.2
+ .7
- .2 - 1.9
- i
- .4 +
- 1.7 -
6*9
-
.6 -
t-
6
6
+
) + 1.8
-3 ) + .4
Commodity dealers
+
Sales finance companies
-149.5
+ 4.6 -144.1
+1.1
- 4.7
+2.1
+ .2
- 9.7
- .2
-1.0 + 2.3
- 1.0
+
Public utilities (including transportation)
-16.7
+ 4.5 - 15.1
- •1
- 3.1
+ .4
+ .8
-
.2
- .2
- .1 +
- 2.2
-1.5
Construction
+
+
2.7
+ .4
+
.1
+1.8
-1.1
+
.4
+ -5
- .4 + 1.7
+
.7
+
All other types of business
+ 27.9
+ 7.1 + 18.1
+3.7
+ 3.2
+2.9
-3.4
-11.3
- .6
+2.2 + 2.3
+
.6
+ 3.1
Net change in classified loans l/
-226.3
+12.6
+5.9
-10.1
+7.1
-3.6
-47.7
- .7
+5.1 +11.3
-10.4
-
Unclassified changes - net
- 23.7
+
1.2
-1.9
+
.1
-4.1
+2.6
- 1.3
- .3
-1.1 + 1.7
+
.4
-21.4
Net change in commercial and
industrial loans
-250.0
+13.0 -194.0
+4.0
-10.0
+3.0
-1.0
-49.0
-1.0
+4.0 +13.0
-10.0
-22.0
1.7
.1 -
-195.2
,4 +
.1
*8
.2
.6
£,/ 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.
@FedFRASER