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

H. 12

September 10, 1958

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
An increase of $48 million in loans to manufacturers of food, liquor, and
tobacco products and a decrease of $51 million in loans to manufacturers of metals
and metal products were the only sizable changes in the $8 million net increase in
commercial and industrial loans at weekly reporting member banks during the week
ended September 3.
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. 3E/

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 mid-year
June ~25T1957
June 25, 1958'
to
to
2/
Sept. 4, 1957
Sept. 3, 195&
(in millions

+48
- 1
-51

+ 36
- 9
-493

+ 15
+ 69
-4l6

+ 2

- 59
- 17

6
32
- 7
+182
-225
- 51
+ 13
+ 34

- -

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

+ 7
+ 9
+ 8
-15
+ 5

+ 8
+128
- 58
-147
+ 38
+ 89

Classified changes - net
Unclassified changes - net

+12
- 4

-485
- 32

-347
-134

-517

•481

Net change in commercial and
industrial loans
p/ Preliminary; see footnote on attached table.

In addition to the weekly table, a monthly table is attached showing
changes during August compared with the preceding month and with August 1957r &nd
also showing changes during the past twelve months.
The major changes during August were in the same direction as in August
1957. The August 1958 increases in loans to manufacturers of food, liquor, and
tobacco products and to commodity dealers were seasonal, and were the largest
monthly increases in these categories so far this year• The net decrease in loans
to manufacturers of metals and metal products during August was relatively small
in comparison with the previous month and with August 1957•




CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 3, 195&

E.12(a)

Business of Borrower

•n
a
Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Fra: All Dis- Boston New
cisco e7
Louis apolis City
York delphia land mond
tricts E/
(In millions of dollars)

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

+47.9
- .9

+2.2
+1.0

+19.4
- 1.2

+2.7
+ .1

+3.3
- .4

+
+

2.2
1.9

+1.0
-1.4

+13.0
- .4

+1.4
- .9

+ .3
+ .1

+ .8
+ .2

+ .2
- .2

+1.4
+ .3

-50.5
+ 1.6
- .4

-2.4
+2.2

-34.6
-11.8
- 3.8

- .5
+ .8
-2.2

-9.6
+1.2
-1.0

+

.1
1.1
•9

- .3
+ .2
+ .8

- 1-7
+10.4
+ 6.0

+1.5
+ .1
- .5

- .5
+ .2
+1.4

-1.2
+1.8

- .5
— •1
+ .9

- .8
- 2.3
- 1.1

i

+ .4
- .3

+ 4.3
+ 1.4

- .4

+1.6

- .2
* •1
»

-

. 2 +2.0

+ .2

+ .9
- 3.2

+ .2
- -7

+ -5

- .2
+ .3

Commodity dealers

+ 9.2

+ .3

+ 3.6

+2.4

+1.9

+1.1

-1-3

+ 2.4

-1.5

+ .5

+ .5

-I# 2

+

.5

Sales finance companies

+ 8.0

-2.3

-13.1

-2.4

+7.8

+ 3.8

+4.0

+ 4.2

+1.2

+1.6

+1.5

+1.3

+

.4

Public utilities (including transportation)

-15.1

-1.4

-12.4

+ .6

+1.1

+

.3

+ .7

+ 2.8

- .3

- .2

+ .4

- 6.7

Construction

+

.3

+2.6

- 2.8

- .3

+ .4

+

.7

+ .7

- 1.8

+ .1

+ .3

-1.4

+2.1

-

All other types of business

+ 4.7

-1.9

+ 1.2

+4.0

- .1

+ 3.8

-4.1

+

-5

+1.1

+4.0

-1.8

- 2.0

Net change in classified loans l/

+12.2

+ .4

-49.8

+6.4

+4.3

+11.7

+2.5

+33.1

+1.7

+4.2

46.3

+1.4

-10.0

Unclassified changes - net

- 4.2

-1.4

-11.2

+ .6

-3.3

- 1.7

- .5

+ 1.9

+ .3

-1.2

-1.3

- .4

+14.0

Net change in commercial and
industrial loans

+ 8.0

+2.0

+3.0

+5.0

+1.0

+ 4.0

Trade:
Wholesale
Retail

:

+7>

— —

-

- -

—

- 2.1

(+ *3) + 2.7

£/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District unai ngures appear in a reieaoe ui vue
l/ About 210 weekly reporting member "banks are reporting changes in their larger loans as to industry; these banks hold about 95
commercial and industrial loans of all weekly reporting member banks and about 75 P^r cent of those of all commercial banks.



.3

va,u*.
cent of total

H.12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BASKS BY INDUSTRY
Business of Borrower

4 weeks
ended
Aug. 27, 1958

4 weeks
5 weeks
ended
ended
July 30, 1958 Aug. 28, 1957
(In millions of dollars)

12 months
ended
Aug. 27, 1958
1

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

+104.2
+ 14.5

-ll6.4
- 22.2

+ 70.9
+ 49.7

-

327.9
153.4

- 84.6
+ 24.1
- 5.8

-357.9
- 84.7
- 11.1

-138.3
- 1.2
+ 10.8

-

425.6
21.9
40.7

Trade—wholesale and retail

+ 14.7

- 13.9

+ 29.2

-

159.2

Commodity dealers

+ 98.7

+ 19.6

+155.7

+

58.2

Sales finance companies

+ 48.2

-114.5

+

-

751.3

Public utilities (including transportation)

-

6.6

-125.7

+ 17.2

Construction

+ 27.3

+ 10.1

+

5.4

+

30.0

All other types of business

+ 56.0

+ 28.5

+ 45.8

+

167.4

Net change in classified loans l/

+290.7

-788.2

+249.0

-1,685.0

Unclassified changes - net

+ 39.3

- 66.8

+ 24.0

-

Net change in commercial and
industrial loans

+330.0

-855.0

+273.0

-2,252.0

l/ See footnote on preceding table regarding current coverage.




3.8

60.6

567.O


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102