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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
September 24, 1958
(For Immediate Release)
H.12
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Nearly all industrial classifications were included in the net increase
of $392 million in commercial and industrial loans at weekly reporting member banks
during the week ended September 1?, which reflected quarterly tax date needs.
The principal net increases were $94 million in leans to sales finance
companies, $74 million to public utilities, $69 million to manufacturers of metals
and metal products, $42 million to manufacturers of food, liquor, and tobacco
products, and $37 million to the wholesale and retail trade.
Changes in loans during the week and since mid-year are shown below;
the third column shows the changes during the comparable period last year.
Business of Borrower
Week
/
ended
£/
Sept. 17'
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining
Cumulative since mid-year
June 25t 195$
June 26, 1957
to
1
to
Sept. 17, 1958&/ Sept. 18, 1957
(In millions of dollars)
+ 42
+ 3
+ 69
+121
- 1
-424
+133
+ 49
-322
- 5
+ 22
- 27
+ 8
+ 46
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business
+ 37
+ 11
+ 94
+149
+ 9
+ 22
+ 29
+ 59
+ 25
+ 62
Classified changes - net
Unclassified changes - net
+398
- 6
+ 71
- 12
+208
-142
+392
+ 59
+ 66
Net change in commercial and
industrial loans
+ 74
p/ Preliminary; see footnote on attached table,
+ 76
- 62
+163
+ 26
+ 52
+179
+ 1
- 43
CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 17, 1958
H.12(a)
Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Metals and metal products (including
machinery & transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
Trade:
Wholesale
Retail
All DisNew Phila- Cleve- RichSt. Minne- Kansas
San Frantricts £/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco g/
(In millions of dollars)
+ 41.9
+ 4.9 + 15.0 + 1.2 + 2.0
+ .2 + 3.4 + 1.4 - .9
- .1 +1.3
+ 2.1 - .8
+ 4.6
+2.7
+ 2.0 + 1.0
— • 1 - .6
+ .6
+ 6.7
+ 69.2
+ 5.3 + 46.2
+ .1 - 8.2
+ .5 + 11.8
- .1 + 5.0
+ 1.2 + 1.0
- .3 + 2.8
- .2 - .7
+ .2 +1.6
+ 1.6 - .5
+ 5.9
- .7
+ 5.4
+ .4
- .1
- .2
+ 4.0 + 1.4 +
+ .6 -
.4
.6
.4
+ .8
+2.8
+1.1
- 4.8
- .8
+
.1 + 1.5
+ 1.5
•
+
.2 + .9
.2 - .1
+ 2.2
+ 2.2
- .5
-1.2
+ .4 +
+ 1.2 +
.2
|+8.4|
.5
- 1-3
.4
--
+ 3.0 +1.8
-1.3
-3-3
+ 5-8 +
.1
-5.4
+ 1.8
- 2.6
+ 2.8 +2.9
+ 8.6
+ .2
+ 1.3
+ 2.7
-3.0
+ 2.3
-
.4 + .2
+ 6.2
+ -7
+ 4.0
+
.3
+ -5
+ 2.5
+ 2.8
4.9
+ 21.6
-
{• 37.3} -
.9 +
9.2
• 2 + 12.1
Commodity dealers
+ 10.6
+ 3.5 + 5.0 -
Sales finance companies
+ 94.4
+14.8
+ 54.3
+10.1
Public utilities (including transportation)
+ 73.9
+ 2.0
+ 41.3
+ 6.3 +10.3
Construction
+ 22.0
+ 1.6
+ 2.5 +
All other types of business
+ 28.7
+ 3.0 + 10.0
Net change in classified loans l/
+397.5
+34.8
Unclassified changes - net
-
Net change in commercial and
industrial loans
5.5
+392.0
+
.2
+35.0
+ 2.8
+ .1
+ 3.0
+ l.l
.1 +
.6
+
.5 +1.5
+ 9-3
- • 2 + 1.0 + 2.3
+1.0
+ 1.8
+ 3.1 -
.2
+
.2 -5.2
+ 7.0
+5.6
+ 1.2 + 3.7
+ .2
+
+ 9.7 +2.9
+52.2
+ .7
+22.8 +10.0
+7.1
+11.0
.3 + 4.0
+ 2.3 + .1
-
- .7
+
.2 + 1.0
-1.1
-11.0
+202.0 +23.0 +25.0
+12.0 +3.0
+52.0
+23.0 +11.0
+6.0
--
+202.6 +22.7 +21,0
.6
+
.2
- -
.1
1
2/ 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 F e r cent of total
commercial and industrial loans of all weekly reporting member banks and about 75 per cent of those of all commercial banks.
@FedFRASER