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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H. 12

July 23, 1958

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $115 million in loans to sales finance companies was
the principal factor in the decrease of $186 million in commercial and industrial
loans at weekly reporting member banks during the week ended July l6.
Other relatively large net decreases during the week included $34 million
in loans to manufacturers of food, liquor, and tobacco products, $17 million to
manufacturers of metals and metal products, and $44 million to unclassified borrowers. An offsetting increase was $15 million in loans to the wholesale and
retail trade.
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 162/
- 34
- l
- 17
+ 1
+ 2

Cumulative since year-end
Dec. 25, 1957
Dec. 26, 1956
to
/
to
July l6, 1958£/
July 17> 1957
(in millions of dollars")
- 865
+ 70
- 112

- 517
+ 162
+ 855

176
+ 149

+ 281
+ 219

-

20
510
183
4ll
3
48

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

+ 15
+ 1
-115
+ 6
+ l
+ l

265
- 291
- 744
126
+
50
+ l4l

+
+
+
-

Classified changes - net
Unclassified changes - net

-142
- 44

-2,170
258

+1,019
- 226

Net change in commercial and
industrial loans

-186

-2,428

+ 793

p/ Preliminary; see footnote on attached table.




-

CHANGES JN COMMERCIAL AND INDUSTRIAL LOiMS OF A SAMPLE OF WEEKLY REPORTING MEMBER M S K S
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY l6, 1958

H.12(a)

ISan Frac
Phila- Cleve- Rich- Atlanta Chicago St. Minne-iKansas New
All Dls- ,
DalXae
Boston York delphia land 1 mond .
lCisco m
Louis apolief City
tricts E/
(In millions of dollars)

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

- .1
+ .6

-1.6
- .6

- 1.1
- 1.3

- 2.0
+ .5

+ «7
+2.1

+ .5
+ .2

+ .3
+ .8

+ .2
« .2

- 2.x
- 1.4

-11.6 + .8
+ 8.4 - .6
+ .2 +•6.5

+3.5
-2.4
-2.0

- .5
- .4
- «7

- 1.5
• .1
+ .8

- 1.5
- 2.0
- 5-5

- .2
- .7
-1.4

-1.7
+ .4
+ .4

-2.5
- .1
- .1

- .6
+1.6
+1.6

-

.3
.8

+ .5
-2.9

- .1
+ .1

- .3
- 1.3

+ .6
+ 1.9

- .2
-1.3

+ .4

- #2

- .5
+ .3

<-,8>

+ 7-6

+
+

+ 2.2
+10,2

- 3-9

+ 2.0

+

.6

- .4

-1.0

- 2.9

+ 2.3

-1.3

+ .4

+2.6

- .8

+ 3.4

-115.1

+ 2.3

-74.3

+ 4.5

- .2

-1.4

- 3.7

-23.6

-5.5

-2.6

-3«l

- *2

- 7.3

Public utilities (including transportation)

+

5.5

-

.5

-no.7 +

.3

+8.0

+ .4

+ .6

- 3.3

-3.4

+ .4

-1.0

--

- 6.7

Construction

+

.5

+

.2

+ 2.3 - 2.6

+ .4

+1.0

- 1.4

- 2.5

+ .8

- .2

+1.1

+1.6

-

All other types of business

+

1.3

- 3.9

+ 1.8

+ 4.4

+1.5

+4.5

+

.9

- 3.5

+1.2

+ .1

+1.9

-5.3

-2.3

Net change in classified loans 1/

-142.1

- 3.5

-85.8 +14.5

+6.5

- .3

-11.3

-38.6

-9.2

-1.9

- .3

-5.9

- 6»3

Unclassified changes - net

- 43.9

-19.5

-10.2

+ 2.5

-1.5

+2.3

-

-

.4

+ .2

- .1

+ .3

- .1

-16.7

Net change in commercial and
industrial loans

-186.0

-23.0

-96.0

+17.0

+5.0

+2.0

-12.0

-39.0

-9.0

-2.0

-6.0

-23.0

- 34.4
- 1.4

- .5 -28.6
+ 2.6 - 4.3

- 17-4
+ 1.2
+ 1.5

- 1.2
- 2.5
+ 3.0

Trade:
Wholesale
Retail

•+ 15.2]

+ 1.1
- .2

Commodity dealers

+ 1.0

Sales finance companies

•
-

•X
.h

.7

——

*


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.4

-

.2

- ' •

>

*

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%

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a

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t

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s
.

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