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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) February 6, 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Net decreases of $29 million in loans to manufacturers of food, liquor, and tobacco products, |2? million to "'other" types of business, $25 million to the wholesale and retail trade, $21 million to sales finance companies, and $10 million to commodity dealers were the principal factors in"the $8i|. million decrease in commercial and industrial loans at weekly reporting member banks during the week ended January 30, Partially offsetting increases included $19 million'to manufacturers of metals and metal products and $13 million to public utilities. Changes in loans during the week and since mid-year are shown below; the third coluim shows the changes during the comparable period last year; Business of Borrower Cumulative since mid-year Week June 27, 1956 June 29, 1955 ended , to / • to Jan. 30^ Jan. 30, 1957^' Feb. 1, 1956 (In millions of dollars") Manufacturing and mining: Food, liquor, and tobacco 29 + 9 Textiles, apparel, and leather + 19 Metals and metal products Petroleum, coal, chemicals, & rubber 8 + Other manufacturing and mining 8 mm Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business 25 10 - 21 + 13 5 - 27 - + - + + + - + + 572 29 101 a5 51 + 316 + + 251* 7U 59 676 92 UU9 107 66 + + + + + + Classified changes - net Unclassified changes - net „ 7h 10 +1,870 - «• Net change in commercial and industrial loans - 8b +1,1*27 bb3 + + 9k 32b 215 135 1*81 105 96 277 1/ +2,730 - 268 1/ +2,1*62 2/ Preliminary; see footnote on attached table. l/ Prior to 1956, unclassified changes and total net change included changes in agricultural loans. These 1955 figures do not include the increase of $318 million resulting from the reclassification of loans on October 5« CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 30, 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 Trade: Wholesale Retail St. Minne- Kansas San FranPhila- Cleve- RichAll DisNew Atlanta Chicago Louis apolis City Dallas cisco £/ Boston mond land delphia tricts P/ York (In millions of dollars) -28.8 + 9.2 - »6 + 2.5 — 6,2 -1.2 + it. 9 +1.5 - 2.3 + .li + .6 + .3 -1.U + .9 -9.5 - 2.8 —1*8 +1.0 - .3 -1,2 + .2 + .6 .2 - it. 3 + ,1 +18,9 - 7.5 + 8.0 + 2.1* + .3 - ,6 + 8.9 - .5 - 8,8 + .1 + 6.7 -— + 1.1 + .6 - .7 + .8 + ,1 + ,2 - .5 + «U - ,h + 6,2 + .7 + .9 +1.1 + .3 + + .7 + ,2 + ,8 +1,2 -1.2 - .5 + + + .5 .1 ,1 - 3.0 - .3 + l.l «6 - 6.1 +l,li - It, 8 -1.6 - .9 - 2.5 + .1 - .3 - .1* + .7 — 2,0 - U.2 -1.0 - #U + ,1 - .5 („> (-25.1) - Commodity dealers -10.0 + 3.5 - 3.it -3.0 - .U —2.0 + .8 - 2.0 +2.6 Sales finance companies -20.5 + 1.8 + 2,9 -2.6 - 8,7 -1.3 -1.0 - 1.3 -it, 8 Public utilities (including transportation) +13.1 + 2.8 + 9.1 + .6 + lt.6 -2,0 + .5 - 1.5 -1,9 Construction - it. 5 + + - - .8 + .6 -1.0 All other types of business -26.5 - 2.2 - 7.h -1,6 -,U.O -3.1 + 2,2 Net change in classified loans l/ -73.7 +12.0 - 3.3 -7.U -13.5 -U.5 -3.5 Unclassified changes - net -10.3 - Iu0 - 9.7 - -3.7 - .5 Net change In commercial and industrial loans -8lt, 0 + -8,0 -15.0 -7.0 .3 .9 - .5 + elf. .7 .5 -lit. 0 mmmm -8.0 — -L.0 mmmm * +1 ( r A) — 2,0 * 6 ) - 1.8 - .5 - 3.9 - 1.7 -2.0 - 3.9 - *3 + .1 + 1,0 - .2 + .it - ,9 — 2,2 - .6 -1.5 - .3 -1.3 - 5.2 - 2.1 -12.7 -7« o +1.8 -6.2 -lit. 5 -15.1 - 1.3 -1,0 — *8 - ,8 - 1.5 +13.1 -1U.0 -8.0 + .7 — — +1.0 -7,0 -16.0 -2,0 g/ 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 over 90 per cent of total ~ . commercial and industrial loans of all weekly reporting member banks and nearly JO per cent of those of all commercial banks.
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