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

H.12

May 21, 195^

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
The net decreases of $56 million in loans to manufacturers and producers
of petroleum, coal, chemicals, and rubber products, $39 million to public utilities,
and $26 million to sales finance companies were the principal factors in the
$36 million decrease in commercial and industrial loans at weekly reporting member
banks during the week ended May 14. The decrease in loans to manufacturers and
producers of petroleum, coal, chemicals, and rubber products was the largest weekly
decrease reported in this category since August 1957•
Offsetting net increases during the week included $42 million in loans to
manufacturers of metals and metal products, $l6 million to "other" types of
business, and $10 million 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

Week
ended ,
May l W

Cumulative since year-end
Dec. 25, 1957
Dec."26, 1956
to
,
to
May l4, 19582/
May 15, 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

- 2
+ 8
+42

+

715
81
6

-44i
+142
+678

-56
+ 4

+

Ill
74

+107
+116

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

+ 4
+10
-26
-39
- 3
+16

- 249
- 239
- 754
92
+
5
+
21

- 19
-402
+223
+203
- 37
-130

Classified changes - net
Unclassified changes - net

-42
+ 6

-1,984
- 246

+442
-143

Net change in commercial and
industrial loans

-36

-2,230

+299-

d

2/ Preliminary; see footnote on attached table.
c/ Net change in commercial and industrial loans shown in last week's release for
the period Dec. 26, 1956 to May 8, 1957 should have been +73.




H.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MAY 14, 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

St. Minne- Kansas
San FranNew Phila- Cleve- RichAll DisAtlanta Chicago Louis apolis City Dallas
cisco E/
tricts E// Boston York delphia land mond
(In millions of dollars)
.4
-5

-l.o
+ .3

- .1
- .4

+ .9
- .8

+2.5
-1.5

+ .3
- .3

- .8
+ .2

+ .1

+25.1 + 1.3
-52.1 + .2
+ 1.3 + .1

+3•9
+4.6
-l.l

+ .6
——
+ .4

+1.1
- .2
- .4

+1.2
—9.1
-1.0

+ .8
+ .2
+ .8

-1.2
+ .4

- •1
- .4

+ 1.0
+ 3.9
+ 1.6 + 2.5 + 1.3

- .3
- .3

+ .4
+ .6

+ .3
-2.1

-2.6
+3.4

-1.5
+ .6

+ .2
- -5

-1.7
- .1 C

- 2.3
+ 7-5

- .4 - 9.8 + 2.9 + 5.0 +

+42.0
-56.4
+ 4.1

+ 2.5
+ .7
+ .6

(+ 3'6)

- .1
+ .2

+ 6.6
+ 1.3

+1.5
+ .1
+1-5

+ 5.3
- .8
+ 1.9

A

)

- .7
- 2.0

Commodity dealers

+10.2

- 1-5 +17.3 - 1.9

-2.9

-l.l

- .6

-3.0

-2.0

- -5

+ .4

+5.1

+

Sales finance companies

-25.6

- 1.8

-18.2 -12.7

+1.5

-2.5

+5.2

+8.8

-4.8

+1.4

-1.4

-2.7

+ 1.6

Public utilities (including transportation)

-39.1

+

.3 - 6.3 -29.7

-3.4

+ .6

- .8

+2.0

+ -5

+ .2

- .9

- 1.6

Construction

- 2.5

-

.8 +

+ .6

+ .3

+1.2

-4.9

+ .7

+ .2

+ .5

- .4

-

All other types of business

+16.4

+ 6.0

- l.l + 3.1

-8.0

+2.8

-1.2

+6.6

+4.7

+ .4

+2.3

-2.2

+ 3-0

Net change in classified loans l/

-42.1

+11.1 -35.7 -34.3

-6.1

+1.6

+2.6

+2.4

+1.7

+•15.0

Unclassified changes - net

+ 6.1

- 7.1 + 8.7

+ 3.3

+ .1

-2.6

+ .4

-2.4

Net change in commercial and
industrial loans

-36.0

+ 4.0 -27.O

-31.0

-6.0

-1.0

+3.0

.6

- -

.9

.5

-1.0

+1.2

+2.2

+ .3

+ 3.0

-1.0

+1.0

+2.0

+2.0

+18.0

1
g/ 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.