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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H. 12 (For Immediate Release) May 7# 195$ CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The net decrease in commercial and industrial loans at weekly reporting member banks during the week ended April 30 amounted to $79 million. The principal net decreases were $92 million in loans to manufacturers of metals and metal products, $4l million to manufacturers of food, liquor, and tobacco products, and $38 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products. Offsetting net increases included $53 million in loans to commodity dealers and $47 million to public utilities. 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 , April 302/ Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Cumulative since year-end Dec. 25,~ 1957 Dec. 2^7 195& to , to May 1, 1957 Apr. 30, 1958E/ (In millions of dollars) -41 -11 -92 + — 685 74 41 -423 +126 +595 -38 - 2 + 47 60 + 78 + 95 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business + 1 +53 - 8 +47 + 2 + 6 - 267 241 685 46 5 25 - 42 -348 +312 +169 - 43 -143 Classified changes - net Unclassified changes - net -83 + 4 -1,909 - 231 +377 -195 Net change in commercial and industrial loans -79 -2,140 +183 p/ Preliminary; see footnote on attached table, 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, APRIL 30, 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 All Dis- , Boston New Phila- Cleve- RichSt. Minne- Kansas Atlanta Chicago Dallas San Frantricts P/ York delphia land mond Louis apolis City cisco p/ (In millions of dollars) -40.8 -11.2 -2.8 -1.6 -28.5 - 8.3 -1.5 - .1 + .2 .9 -2.2 -1.5 - .3 - .5 - 1.2 + .4 -1.7 -1.5 - .1 - .9 - .4 + .5 -1.0 + -5 -91.9 -37.7 - 1.6 -1.5 - .6 + •5 -60.2 -21.0 - 3.5 - -3 - -5 + .3 - 5«5 - 5.1 + .2 + .1 + .3 + .4 + .4 +1-3 + .3 -21.4 -12.3 + .2 - -5 + .1 - .4 -1.0 + .6 + .1 -1.2 + .5 -1.4 -1.0 - .1 -1.3 +3-3 -1.0 + .3 -2.2 + 2.4 + 1.7 +1.8 - .9 + + .7 .4 -1.0 > + .3 + .2 - 2.8 - 2.1 +1.4 - -3 + .1 - .1 + .4 Commodity dealers +52.8 -1.5 +57-9 - .7 - 1.7 - .5 -2.0 - 1,4 + .2 + .8 + .7 +1.6 - .6 Sales finance companies - 7.7 - .3 + 6.9 - .1 - 1.9 -3.6 -3.3 + 3.3 -2.0 - .8 + .4 -1.2 -5.1 Public utilities (including transportation) +46.5 + .7 +33.6 -1.4 + 4.5 +1.1 + .9 + 1.7 - .2 + .5 -2.5 —- +7.6 Construction + 1.5 +2.2 + 3.1 + .6 + .2 - .2 - .5 - .1 + .1 - .6 - .9 - .1 -2.3 All other types of business + 5-9 +6.0 + 9. c -4.9 - 2.0 +2.4 -3.4 - 2.3 - .7 + .1 +1.6 -1.8 +1.9 Net change in classified loans l/ -83,3 - .8 - 6.9 -7.7 - 9.5 -4.7 -6.6 -38.0 -5.1 - .9 -1.8 -7.0 +5.7 Unclassified changes - net + 4.3 -1.2 - 3.1 - .3 - 1-5 +1.7 + .6 + 7.0 + .1 - .1 +1.8 +1.0 -1.7 Net change in commercial and industrial loans -79.0 -2.0 -10.0 —8.0 -11.0 -3.0 -6.0 -31.0 -5.0 -1.0 -6.0 +4.0 Trade: Wholesale Retail < + - 9 - .1 +3.8 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.
