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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12
(For Immediate Release)
July 2, 1958
CHANGES IN COMMERCIAL AM) INDUSTRIAL LOANS BY INDUSTRY
The net change in commercial and industrial loans at weekly reporting
member banks during the week ended June 25, was a decrease of $23 million. The
larger net decreases were $28 million in loans to sales finance companies,
$9 million to public utilities, and $15 million to unclassified borrowers. Offsetting net increases included $10 million in loans to "other" manufacturing and
mining, $9 million to the construction industry, and $8 million each to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and
to commodity dealers.
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
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business
Classified changes - net
Unclassified changes - net
Net change in commercial and
industrial loans
gT
Week
ended
June 25"
- 4
+ 3
- 3
- 775
+
64
+ 105
+
+
148
935
+10
+ 8
- 104
+ l4l
+
+
291
214
- 2
+ 8
-28
- 9
+ 9
- 1
265
290
755
85
49
123
+
+
456
1
+
+
539
366
513
12
54
•15
-1,792
- 205
+1,404
- 155
-23
-1,997
+1,249
- 8
Preliminary; see footnote on attached table.
Cumulative since year-end
Dec. 25, 1957
Dec. 26, 1956
to
/
to
June 25, 1958s7
June 26, 1957
(In millions of dollars)
H * xd.x<-~)
IK COMMERCIAL AND IBIOE TRIAL LOANS OF A SAMPLE OF TvBMLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 25, 1958
™ | New
All Dis- ~
Bostonj Y o r k
tricts P/
Business of Borrower
Manufacturing and mining:
Feed, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including
machinery & transportation equipment)
Petroleum, coal- chemicals, and rubber
Other manufacturing and mining
- 4.4
+ 3.5 - .2
- 2.8
+ 1.9 + 8.3
— l.o + 6.4
+ 9.8
Trade:
. Wholesale
Retail
+ 2.7 - 4.5
+ 3.0
+ 8.1
.2
+ .4
+ .8 - 2.6
+ .6
+ .1 - .6 +3.8 + 6 , 6 .
1,6
("
I cT
Phila- Cleve- Rich- Atlanta
Chicago
Louis
mond
delphia land
(in millions of dollars)
>
-1,4
-2.1
- .4
+ .1
+ .4
- .5
—
-+ .3
-1.4
+ .2
- .2
- 3.0
—11.4
+ 7.4
- 1.2
- .4
+ .2
+ .4
- .1
+ .6
- .7
-1.5
-1.7
-1.0 + .6
- .8 + .7
- .1
+ .6
+
-
.3
..2
- 1.6
+ .3
+ .1
-
.3
-
»2
+ 4.0
-1.1
+
.7
-1.4
+ .5
.5 + l.o
- .5
- .5
.3
.6 + .2 + .7
+
——
.5
— *4
+ .3
+ .3
.1
-i.i
+ .3
-
*3
-1.0
-1.8
-2.3
+ .8
+ 4.o
- 7.0
- .6
-1.0
-12.0
-2.7
+ .7
-1.0
+ 3.3
- 1.3
+ 2.0
+ .5
+ .6
- 1.4
+ 2.6
+ 2.8
+ 1.8
Commodity dealers
+ 8.0
+
.6 + 7*6
+1.3 -
Sales finance companies
-27.8
-
.3
-3.3
Public utilities (including transportation)
- 9.2
+ 1.9 - 3.2
-2.2 -10.7
+ .4
+ .3
Construction
+ 9-4
+
- .6
.1
+1.0
+1.0
++ ..o
0
—
All other types of business
-
+ 3.4 -22.4
+ .4 - 2.3
- .6
+4.5
- 1.4
- 5.8
- .4 -16.3
-5.9
+5.6
-20.0
—1.6 +
.3
- .1
+ .4
-2„o -16.0
-6.0
+6.0
.8
+1.1
+ .2 + .5
San FranMinne- Kansas
Dallas
cisco P/
apoJis City
- 2.6
.1 + 3.9
Net change in classified loans l/
- 8.3
+12.4
Unclassified changes - net
-14.7
+
Net change in commercial and
industrial loans
-23.0
+13.0
*6 + 2.8
- 3.0
.8
+ .2
- .1
- .9
+ .5
-h
*1
+ .2
+ «/?-
+13.2-
+ 4.6
-4.6
+ .5
-5.3
+18.0
+13.5
- 4.0
- .4
- .5
+1.3
- 1.0
-12.5
-24,0
-5.0
-4.0
+17.0
+ 1.0
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 per cent of those of all commercial bankse
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@FedFRASER