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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) April 17# 1957 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY Net increases of $51 million in loans to sales finance companies, $22 million to the wholesale and retail trade, $l4 million to manufacturers of textiles, apparel, and leather products, and $13 million to "other" manufacturing and mining were largely offset by decreases of $32 million in loans to commodity dealers and $31 million to public utilities. The net increase in commercial and industrial loans at weekly reporting member banks during the week ended April 10 was $33 million. Changes in loans during the week and since year-end are shown below; the third column shows the changes during the comparable period last year: Cumulative since year-end Week Dec. 26, 1956 Dec. 2b, 1955 ended to to Apr. lOP/ Apr. 10, 19572./ Apr. 11, 195& (In millions of dollars) Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rub! Other manufacturing and mining - 8 +14 +11 - 4 +13 -348 +149 +596 + 41 +126 - + + + + 228 154 877 259 193 -32 +51 -31 - 98 -278 +167 + 80 + 124 - 142 - 320 - 9 -165 - Classified changes - net Unclassified changes - net +30 + 3 +220 +1,058 Net change in commercial and industrial loans +33 + 91 +1,056 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business +22 p/ Preliminary; see footnote on + 2 ached table. - 49 -129 + l68 11 17 2 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 10, 1957 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 Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San FranAll Dis- Boston New Louis apolis City cisco tricts &/ York delphia land mond (In millions of dollars) + + 2.5 .4 -1.6 +1.7 -6.2 +1.6 - 3.6 + 1.4 -1.0 -1.9 + .1 + .3 +1.0 + .2 + + + .6 .3 1.2 +1.2 - .6 - .2 -5.6 + .8 - .8 - .3 - .9 - .2 - .5 + .1 -1.1 + .3 + .7 -1.1 + .6 - .6 - .1 +1.4 + .3 .3 + .7 + .6 +1.8 +1.1 +1.8 +9.4 - .4 + .9 + .4 + .2 +1.2 - .3 k-9) +1.0 -20.2 + .2 + 2.4 - 1.6 - .6 -3.3 - 3.4 +51-3 +2.9 +32.4 +5.4 + 6.0 +6.1 +1.2 +2.4 - 3.5 + .8 +1. l Public utilities (including transportation) -30.9 -3.9 -29.0 + 1.7 + 1.2 -3.8 +3.7 - + .1 Construetion + 1.6 + .1 + 1.5 -1.1 • 5 + • 3 - -7 + .7 + .2 All other types of business - 8.5 - .7 - 4.8 + .2 - .1 + 1.4 -3.6 + .4 - 1.3 +30.2 +5.4 - 2.0 +4.7 +25.8 +12.7 -4.1 +4.9 -11.4 +1.5 -3.6 -3.7 + 2.8 +2.6 * 4.0 +1.3 + 2.2 - 5.7 + .1 - «9 .6 - .5 ~ .4 + *7 +33.0 +8.0 + 2.0 +6.0 +28.0 + 7.0 -4.0 +4.0 -12.0 +1.0 -4.0 -3.0 - 7.7 +14.1 + .1 + 4.4 - .4 + 7.3 - .7 +1.1 +10.9 -3-6 +13.1 +2.4 +11.5 +1.1 - 5.8 +1.8 + 1.6 -2.1 + .2 + .2 + + (+21-7) + .1 4.7 + .9 + 3*8 Commodity dealers -31.8 Sales finance companies Trade: Wholesale Retail Net change in classified loans l/ / • I . Unclassified changes - net Net change in commercial and industrial loans - + •7 .4 5.0 .8 + 9.8 -5 — -2.5 AVAIL- -3.8 -3.5 ABLE .3 - .3 + -5 -- NOT + •2 + .9 - .2 2/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank. 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.
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