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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.