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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

June 2$, 1958

CHANGES IK COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
All Industrial classifications participated in the increase of $574 million in commercial and industrial loans at weekly reporting member banks during
the week ended June 18, largely reflecting quarterly tax date needs.
The principal net increases were $144 million in loans to manufacturers
of metals and metal products, $115 million to sales finance companies, $77 million
to public utilities, $46 million to "other" types of businesses, and $44 million
to manufacturers and producers of petroleum, coal, chemicals, and rubber products.
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

Week
ended /
June 18&/

Cumulative since year-end
Dec. 26, 1956
Dec. 25, 1957
to
June 18, 19582/
June 19, 1957
(In millions of dollars)

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

+ 28
+ 6
+144

+
+

763
6l
92

+
+

443
131
902

+ 44
+ 22

+

112
131

+
+

257
205

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

+ 21
+ 11
+115
+ 77
+ 11
+ 46

-

261
299
724

+
+

40
123

+
+
-

1
511
452
427
21
78

Classified changes - net
Unclassified changes - net

+525
+ 49

-1,801
- 173

+1,318
- 127

Net change in commercial and
industrial loans

+574

-1,974

+1,191

£./ Preliminary; see footnote on attached table.




-

89

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 18, 1958

H.12(a)

All Dis- Boston
tricts E/

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

New
York

Phila- Cleve-I Rich- Atlanta Chicago St.
Louis
delphia land I mond
(In millions of dollars)

Minne- Kansas
San Fr
Dallas
apolis City
cisco

+ 3.2 +
+ .1 +

+ 27.6
+ 5.9

+ 1.1 + 14.3
.5
.6 + 3.3
- 2.0

.3 + .6
.1 + 2 . 4

- .6
+ .8

+ 5.1
+ 2.2

+
+

+144.4
+ 44.0
+ 22.4

+ 7.1 + 91.7 + 2.3 +12.9 + 1.0
- .4 + 22.5 + 3.2 - 1.3 + .4
+ 5.1 + 14.0 + .9 + .6 + .2

+1.8
- .9
+1.1

+12.5
+19.2
- 3.2

+ 1.7
+ .3

+ 3.2
+ .5
+ 1.0

- .7
- .5

+ 1.8
+ 3.5

+

.3
.8

+ 1.0

--

+ 2.6

+ 1.9

+

•3 + 2.7

-4.5

-

+21.8

+ 2.7

+ 7-1 + 5.2

+3.4

+ 7*2

+15.3

+

.3

+ 1-7 + 3.8

- .3

+ $.2

. 1 + 1.2

.1 -2.4

+ 3.1

-

Trade:
Wholesale
Retail

+ 21.0j

- .8 + 2.3 +
+ 3.8 + 10.9

Commodity dealers

+ 10.6

+

Spies finance companies

+114.9

+ 2.3

Public utilities (including transportation)

+ 77.1

- 4.3 + 37.5 + 8.8 + 8.8 +

Construction

+ 10.8

- 1.1 +

All other types of business

+ 46.4

+ 6.1 + 10.7

Net change in classified loans l/

)

.8 + 8.0 +

.4
—

,4

+

.5 +
.2 +

+

.3

-

.4
.6
1.3

.6 + 3.3

+ 48.2 + 4.6 +

+8.5

.3

.6
.5

- -

.3 + .4
- .5

+ 1.1

+3.8
- .9
+ .9

.2
+ 2.1
-

+ .6
.1

+ 3.4
- 1,2

(

7

( "

*

+ 5.3
+ 1.6
- .3

)

7

)

- 1.7
.6

+ 1.4

- .3

+ 7.2

+

+ 5.1 + 5.1 + 3.3

-2,8

+ 1.7

+ 1.7

+ 1*2 + 1-5 +4.4

+ 8.4

+525.1

+17.7 +259.8 +28.7 +27.3 +12.6

+6.4

+89.7

+10.3

+20.5 +17.6 +4.1

+30.4

Unclassified changes - net

+ 48.9

+ 2.3

.6

+ .6

+ 3*3

-

• 5 + 4.4 + .9

+21.6

Net change in commercial and
industrial loans

+574.0

+20.0 +275.0 +29.0 +28.0 +12.0

+7.0

+93.0

+10.0

+21.0 +22.0 +5.0

+52.0

.3 +

+ 15.2

+

.2

+ 1.0

.3 +

.7

-

.3

+

+

2/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank,
l/ 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.



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