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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 10, 1957
July 9, 1958B/
(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

Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San FranNew j
All 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
- 63.9
- 3.5
2*3

- 2.5 - 32.9
.2
+ .7
- .2 - 1.9

- i

- .4 +
- 1.7 -

6*9

-

.6 -

+

+ 3.1 - 14.9
- 2.1 + 4.9

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.



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