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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) December 11, 1957 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY The larger net increases during the week ended December 4 were $36 million in loans to manufacturers of metals and metal products, $34 million each to sales finance companies and to "other" types of business, $26 million to manufacturers of food, liquor, and tobacco products, and $11 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products. Offsetting net decreases included $43 million in loans to unclassified borrowers, $14 million to the construction industry, and $10 million to manufacturers of textiles, apparel, and leather products. The net increase in commercial and industrial loans at weekly reporting member banks was $55 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: Cumulative since mid-year Week June 26, 1957 June 27, 1956 ended . to . to Dec. kVJ Dec. 4, 19572/ Dec. 5, 1956 (In millions of dollars) Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining +26 -10 +36 +376 -149 -512 + 692 16 - 218 +11 - 4 + 72 -100 + + Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business - 2 - 8 +34 - 4 -14 ±34 +245 +329 -644 - 21 - 42 - 44 + 264 + 671 - 397 + 231 52 + 143 Classified changes - net Unclassified changes - net +98 z43 -491 -458 +1,873 - 250 Net change in commercial and industrial loans +55 -949 +1,623 477 77 p/ Preliminary; see footnote on attached table. In addition to the weekly table a monthly table is attached showing changes during November compared with the preceding month and with November 1956, and also showing changes during the past twelve months. The net change in commercial and industrial loans daring November was a decrease as it was in October, but in contrast to an increase in November 1956. Three of the business categories showing the larger changes in November--sales finance companies, manufacturers of metals and metal products, and "all other" types of business--conformed to this pattern in showing decreases in October and November 1957 and increases in November 1956. November changes in most of the other categories were in the same direction as in the preceding month and in November 195^. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, H.12(a) WEEK ENDED WEDNESDAY, DECEMBER 4, 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 Districts P/ Boston New York St. Phila- Cleve- Richmond Atlanta Chicago Louis delphia land (In millions of dollars) Minne- Kansas San Franapolis City Dallas cisco P/ +25.5 - 9-7 + .1 + 21.2 + .4 - 3-9 . 1.7 -3-9 + 5-5 - .8 - +1.1 -1.6 + .2 + .1 + .3 - 3.8 + .8 -4.5 + .2 - .1 + -5 + .2 + .2 +4.4 + .9 +35.8 +10.5 - 4.0 +1.1 + 48.0 —2.6 + 5.4 — . 2 + 6.5 + .1 + «5 - • 9 + 3.2 - .6 - 8.4 - .6 * *1 +1.5 - .4 + «3 + -7 -14.2 + 3*8 + .2 -1.9 - .1 -1.2 - -5 - .1 - .4 + .7 + -7 + .1 - .5 - .9 +1.6 +1.3 +1.9 + + .6 - 6.2 - .5 8.5 -1.5 + 1.6 - .3 - .1 - .3 + .9 • 1 • 2 - .7 +1.3 - .5 -1.5 + .6 - .1 + .2 (H -1.7 + .7 .2 - .2 + -3 - 7.4 - .5 - .3 - .3 - .4 + .1 +11.6 +2.3 + .8 + 3.4 +4.0 - .9 - .5 -4.4 -3-3 - 6.9 - .2 + .2 + .9 - .7 -2.8 <- Commodity dealers - 8.3 - .6 + 2.1 - .9 - Sales finance companies +33-5 + .7 + 14.5 +5.3 Public utilities (including transportation) - 3.6 + .7 + Construction -13.5 - .1 — All other types of business +33-7 — ,1 Net change in classified loans l/ +98.2 - .7 +133.8 Unclassified changes - net -43.2 - . 3 - 39.8 -3.5 Net change in commercial and industrial loans +55.0 + .2 .5 - .2 • 1. + .5 - 2.9 - .5 - .8 - 2.3 - .1 + .2 -1.0 -4.6 -1.8 .2 -3.2 - .2 +1.3 +3-1 - -5 - .4 + .2 +1.9 + .5 + 2.7 -1.9 +1.6 -25.5 -1.8 -3.1 +1.0 -8.3 - .1 .7 - .1 + .4 - .5 + .8 -1.9 -2.0 - .7 +5.1 -1.0 + 94.0 -3.0 + 2.0 -2.0 +2.0 -26.0 -1.0 -5.0 -1.0 -9-0 +5.0 4.8 + .1 + + 30.4 +1.0 + - p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. 1/ 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. H.12(b) CHANGES IK CCM.3RCIAL AND INDUSTRIAL LOAMS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY Business of Borrower 4 weeks ended Nov. 27, 1957 Manufacturing and mining; Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery and transportation equipment) 4 weeks 5 weeks ended ended Oct. 30, 1957 Nov. 28, 1956 (In millions of dollars) 12 months ended Nov. 27, 1957 + 62.8 - 25.4 +125.2 -136.6 +154,2 - 24.3 + + 62.2 11.4 - 88.9 + 48.5 - 42 .2 - 49.5 - 21.0 - 76.3 +116,3 + 88.7 - 30,2 + + + 539.0 293.7 110.6 Trade — wholesale and retail + 51.7 +145.1 + 31.2 + 166.6 Commodity dealers + 67.6 + 88.7 + 96.5 - 97.5 Sales finance companies -175.1 -409.5 + 60.0 + 204.8 Public utilities (including transportation) + 10.0 + 6.3 + 31.7 + 631.4 Construction - 6.2 - 36.9 - 21.7 - 49.3 All other types of business - 66c 1 - 74.5 + 31.2 - 109.4 Net change in classified loans 1/ -163-3 -439.0 +533.6 +1,763.5 Unclassified changes - net - 47.7 -224.0 - 5^.6 - Net change in commercial and industrial loans -211.0 -663.0 +479.0 +1,165.0 Petroleum, coal, chemicals, and rubber Other manufacturing and mining l/ See footnote on preceding table regarding current coverage. 598.5
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