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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. http://fraser.stlouisfed.org/ Federal Reserve Bank (.of St. Louis » * *, I • V * 1 ' '• I • • • 1
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