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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 December 4, 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Most classified business categories reported net repayments during the week ended November 27, and commercial and industrial loans decreased $240 million at weekly reporting member banks. The principal net repayments were $77 million in loans to sales finance companies, $57 million to manufacturers of metals and metal products, and $49 million to "other" types of business. The only net increases reported were $24 million in loans to public utilities, $14 million to manufacturers and producers of petroleum, coal, chemicals and rubber products, and $4 million to commodity dealers. A decrease of $17 million in loans to manufacturers of food, liquor, and tobacco products was the first decrease in this category since July; it was reflected in all districts. 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 Cumulative since mid-year Week June 25% 1957 June 27, 1956 ended , to , to Nov. 28, 195& Nov. 27^/ Nov. 27, 19572/ ~ ~ (In millions of dollars) - 17 - 20 - 57 +350 -139 -541 + - 654 9 224 + 14 - 9 + 6l - 90 + + 486 79 + + - l4 4 77 24 6 49 +225 +337 -671 - 20 - 31 - 77 + 257 + 635 - 4l8 + 214 57 + 154 Classified changes - net Unclassified changes - net -208 - 32 .594 -390 +1,771 - 232 Net change in commercial and industrial loans -240 -984 +1,539 Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business p/ Preliminary; see footnote on attached table. H.12(a) CHANGES IK COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, NOVEMBER 27, 1957 Business of Borrower Manufacturing and mining: NewFPhila- Cleve- RichAll DieSt. Minne- Kansas San Frantricts P/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco P,/ (In millions of dollars) 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 17.1 20.4 56.9 14.1 9.3 r - .9 - 7.0 - - 3.7 - 21.2 - .8 - 1.1 + 13.1 + .4 - 4.0 .4 - .4 lkml •5 + 1.4 15•5 + 2.9 - + ] - .7 - 1.0 - 1 . 0 - 1.0 - .1 - -9 - 3.7 + 2.5 - .6 -3.4 - .4 - -3 -1.1 + .2 + - 6.0 - 1.4 + - .5 .4 .6 .6 -1.4 -18.7 + .4 + 2.2 -1 • 1 - .9 -1.3 - .6 - .7 -3.1 + .4 - .2 - .4 - .6 + + - .6 — + - .4 .4 - .6 .4 + .3 - .1 - .2 .6 +1.1 - .7 + .4 - .7 + .2 + .1 4.9 - .7 - .1 .1 +2.4 + 1.6 +7.6 -2.6 - .9 -8.1 7-8 - • 5 7-1 - 2 . 7 — ( ( .3 .3 not .1 .7 •5 avail .6 Commodity dealers + Sales finance companies - 77.4 - 9-7 - 34.6 -3.3 -10.2 - 6.8 + .8 - 8.6 -2.6 -1.4 - .2 - Public utilities (including transportation) + 24.2 + +2.5 - 2.0 + .5 -2.7 +11.1 + -3 + .8 + .4 + .2 Construction - 5-9 - 1.1 -7 .4 - .1 - 1.0 - .5 - •1 + .7 - 3.3 All other types of business - 49.1 •5 3.5 .5 .9 + 12.2 - .1 - .1 - - able .8 34.3 - .1 + 1.2 - 2.7 +1.0 -10.3 - .8 + .6 + .2 - 3.4 Net change in classified loans l/ -208.4 -26.7 - 87.9 -6.3 -21.4 - 1 2 . 1 -1.5 -26.6 -2.2 -6.6 -1.4 -15.7 Unclassified changes - net - 31.6 + - 21.1 - .7 - 1.6 - .5 - + .2 -2.4 - .6 - Net change in commercial and industrial loans -240.0 -26.0 -109.0 -7.0 -2.0 -27.0 -2.0 -9.0 -2.0 -16.0 .7 - 4.9 -23.0 -17.0 .4 .3 p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District 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 ?0 per cent of those of all commercial "banks.