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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM August 7, 1957 (For Immediate Release) H. 12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY A net decrease of $59 million, in loans to manufacturers of metals and metal products was the principal factor in the $45 million decrease in commercial and industrial loans at weekly reporting member banks during the week ended July 31• Partially offsetting net increases during the week were $21 million in loans to sales finance companies and $12 million to manufacturers of textiles, apparel, and leather products. Loans to unclassified borrowers decreased $24 million. 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 Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business Classified changes - net Unclassified changes - net Met change in commercial and industrial loans Week ended July 312./ Cumulative since mid-year JUne 26, 1957 June 27, 1956 to to July 31, I95.7E' —ii—i22_ (In millions of dollars) + 4 - 81 -59 + 19 -224 + 37 -136 - 3 - 27 44 -4 - 43 + 42 - 15 +197 +12 +21 +6 +2 + 6 -271 - 82 + 8 81 -138 - 24 - 24 3 + 49 -21 -659 -128 - 9 -24 -45 -787 - 98 p/ Preliminary; see footnote on attached table. - 85 - 89 E.ik(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JULY 31, 1957 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 DisNew Phila- Cleve- RichSt. Minne- Kansas jSan Frantricts p/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco £/ (in millions of dollars} + 4.4 +11.8 +1.7 +6.5 -58.6 - 3.4 - .2 -2.2 -37-2 +2.3 + 3.8 +2.2 - 1.9 - 3.6 + .5 + .4 - 1.1 3-4 .4 +2.4 +2.7 +1.3 + .8 + + .3 .2 +4.9 + .8 7-0 1.3 1.3 + -3 - .7 - .6 -1.9 +1.1 + .1 - 6.0 - 2.2 + 2.6 .5 .4 - .8 + .1 -1.2 + .1 +1.1 - .3 + .3 .6 .6 - 1.6 -6.6 - .6 - .3 - .3 +1.3 - .4 -1.5 + .1 + 3.0 -10.0 - 1.4 - .3 + 2.0 + .4 - .7 - 4.1 + .1 -2.3 + .2 - .2 + .9 r (- 3.8j -1.3 Commodity dealers + .1 -2.4 - 4.4 2.2 + .1 -1.1 - .5 - .1 + .6 Sales finance companies +21.0 +2.7 +61.5 1.5 -2.7 -3.5 -12.1 -2.6 Public utilities (including transportation) - .1 - .5 + 2.5 1.0 + .5 - .2 - 1.1 Construction + 6.2 -1.5 + l.O 1.4 + .3 +1.0 + 1.3 All other types of business + 1.8 -1.3 + 3.7 + .7 +1.6 - -7 Net change in classified loans l/ -20.8 +3.0 +37-1 9.1 +3.1 Unclassified changes - net -24.2 +1.0 - 2.1 2.1 3.9 -3*1 Net change in commercial and industrial loans -45.0 +4.0 +35-0 -12.0 -3.0 r*»_n 9 J vw -i. t XI f + 9.1 + .6 + 1.1 -3.2 + 2.1 A/VVA.J.W V WWVM - 1.2 - 1.2 J. * w " v H + 2.3 +1-9 + 2.2 - 1.5 -3.3 - .7 - .6 - 5.4 - .3 + .4 - .2 + 1.0 - .7 - .9 - .2 + 3-9 + 1.1 + 7.5 + .5 + .3 - .4 - 6.8 - 2.1 -4.2 -14.8 -6.9 -2.3 + «7 -12.8 - 4.7 - .8 - 1.2 -2.1 - .7 - .7 + 2.8 -11.3 -5.0 -l6.0 -9.0 -3.0 -10.0 -l6.0 * AMwo. * WW - - JU4Uk U» X U - - vx UJHW ilvOwl vW ijuiixv« l/ About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold over 90 per cent of total commercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.
@FedFRASER