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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 October 1, 195® CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY A net decrease of $160 million in loans to sales finance companies was the principal factor in the net decrease of $232 million in commercial and industrial loans at weekly reporting member banks during the week ended September 24. Other net decreases were $66 million in loans to the wholesale and retail trade, $16 million to manufacturers of textiles, apparel, and leather products, and $33 million to unclassified borrowers. The principal offsetting increases were $22 million in loans to manufacturers of food, liquor, and tobacco products, and $19 million to manufacturers of metals and metal products. Changes in loans during the week and since mid-year are shown below; the third column shows the changes during the comparable period last year. Business of Borrower Week ended , Sept. 242/ Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining + 19 Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business - 66 + 6 -160 + 7 + 4 - 10 Classified changes - net Unclassified changes - net Net change in commercial and industrial loans +162 +148 - 18 -4o6 + 23 -410 - 27 + 5 + 34 + 23 + 9 +156 -142 - 61 +152 + 49 +181 - 93 - 34 + 15 + 63 -199 - 33 -124 - 49 + 13 -143 -232 -173 -130 + 22 - 16 e» mm - 5 2/ Preliminary; see footnote on attached table. Cumulative since mid-year June 25, 195# June"26, 1957 to , to Sept. 24, 19582/ Sept. 25, 1957 (in millions of dollars) + 60 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, SEPTEMBER 24, 1958 H.12(a) 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 All Districts p/poston New York St. Phila- Cleve- RichAtlanta Chicago Louis mond delphia land (In millions of dollars) + 22.3 - 16,2 + 1.2 + 4.0 - + 18.7 + .2 - 4.9 - 1.6 + .8 - 1.2 + 23.7 + 1.3 + .7 .7 - 1.5 -1.2 - 2.3 - .7 +3.3 J - 1.8 < 6s (- 65.5) - 3.9 + .7 -5 + »3 5.5 - 5.3 + 2.5 - .4 + 7.8 - 1.8 +1.6 -2.1 + 4" - .1 + .1 + »9 + .1 + 8.2 - 1.3 .5 .3 .4 + .2 - 1.2 - .3 - 2.4 + 4.2 - 3.7 - .7 -1.1 - .3 - 3.4 + .2 .8 + .7 - .4 + .1 + .5 +2.3 +2.4 + .7 - 1.0 - 2.2 - .7 + .9 -1.0 - 3.1 + San FranMinne- Kansas apolis City Dallas cisco £/ .2 *1 .1 ( 7) - .9 4.8 - .5 - 1.3 - *2 + *3 -1.5 -15.3 + 1.8 -10.6 - .4 .7 - .2 -4.4 + - - + .3 -3.2 + 8.1 - .9 + .4 + 3.1 + .8 - 1.6 + .4 - 3.1 + .4 -2.0 •8 7 - 1.5 - 9.1 Commodity dealers + Sales finance companies -159.8 -18.8 - 81.6 -12.8 -4.6 + .8 + .3 -18.0 - .2 - 8.5 -7.4 -1.1 - 7.9 Public utilities (including transportation) + 6,6 - .4 - 7.3 + .8 - .3 - .4 + .1 + 6.5 - .1 + .3 + .1 - .1 + 7.4 Construction + 4.4 - .8 - .6 + 1.5 +1.5 - 1.2 + 3.2 - .1 + .6 +2.1 -1.3 - All other types of business - 10.0 + 2.4 - 18.5 + .2 +1.0 - 1.9 - + .3 - .6 +1.2 +1.9 + 4.4 Net change in classified loans l/ -198.7 -19.4 - 90.9 -18.9 -2.6 -17.2 - 7.2 - 6.6 -7.8 -14.9 -5.5 -4.1 - 3.6 Unclassified changes - net - 33.3 - .6 - 14.1 - 2.1 -1.4 - 2.8 - .8 +10.6 -1.2 + .9 -2.5 + .1 -19.4 Net change in commercial and industrial loans -232.0 -20.0 -105.0 -21.0 -4.0 -20.0 - 8.0 + 4.0 -9.0 -14.0 -8.0 -4.0 -23.0 5.5 - - .5 j>/ 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 hanks 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 P e r cent of those of all commercial banks.
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