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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) January 2, 1958 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The net change in commercial and industrial loans at weekly reporting member "banks during the week ended December 25 was an increase of $6 million. The larger increases were $90 million in loans to sales finance companies, $22 million to public utilities, and $l6 million each to commodity dealers and to "other" types of business. i « m. I, Offsetting decreases included $8l million in loans to the wholesale and retail trade, $33 million to manufacturers of food, liquor, and tobacco products, and $18 million to "other" manufacturing and mining. The decrease in loans to the wholesale and retail trade was the largest decrease in this category since about a year ago, during the week ended January 2, 1957. 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 26, 1957 June 27, 1955 ended . to . to Dec. 25^/ Dec. 25, 19572/ Dec. 26, 1956 (In millions of dollars) + 822 6 71 -33 + 2 +10 +447 -138 -454 + 1 -18 +114 -144 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business -8l +l6 +90 +22 - 3 +16 + 99 +424 -183 + 91 - 37 + 6 178 739 + 98 + 350 66 4- 176 Classified changes - net Unclassified changes - net +23 -17 +225 -444 +2,719 - 260 Net change in commercial and industrial loans + 6 -219 +2,459 p/ Preliminary; see footnote on attached table. • + 428 72 + + + CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OP A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, DECEMBER 25, 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 All Districts g/ Boston Phila- CleveNew York delphia land St. Richmond Atlanta Chicago Louis Minne- Kansas San Franapolis City Dallas cisco p/ -33.1 + 2.2 -2.6 - -7 -30.9 + 4.9 - .1 - 1.7 + .1 -1.1 -1.2 +1.0 + 1-9 + .8 + .9 + 1.4 + .5 .6 - .1 + .2 - .1 - +10.2 + .6 -17.9 - .2 +1.1 -1.7 + 6.7 + 2.1 -10.5 + 1.0 + .8 - 2.0 +1.0 - .6 + .5 + .2 + .3 - .6 + + + .2 .5 .4 + 2.8 — 1.2 - .2 - 1.4 + .2 — .8 - 2.3 - .1 - .9 — +1.9 — + -8O.6 -2.6 -3.6 + .8 -49.5 - 4.1 + .8 + .2 -3-2 - .8 -1.2 + + .4 .7 - .4 - 3.7 - 9.8 - 2.3 - .2 + .2 - .8 r Commodity dealers +16.0 -1.2 + 9.2 - - + .1 +1.4 + 1.2 + 3.0 - 3.0 - -3 - *2 + 7.1 - 1.3 Sales finance companies 490.4 +6.2 - 5.6 +11.7 -1.2 44.5 + 9.2 +32.0 +11.4 +5.9 + 9.0 + 5.2 Public utilities (including transportation) +21.9 - .9 +10.9 -- + .7 + -9 +11.2 + - .6 — — — 1.2 Construction - 3.2 - .2 + 3-7 - .7 - .2 - .6 - 1.2 - 2.2 All other types of business +16.1 +1.8 + .6 - 2.0 +2.2 + .8 + .3 + 2.6 Net change in classified loans l/ +22.6 -4.6 -57 -6 + 3.7 -1.5 +3.8 +15-3 +36.4 Unclassified changes - net -16.6 -1.4 -l6.4 - .7 -1.5 - .8 - 1.3 Net change in commercial and industrial loans + 6.0 -6.0 -74.0 + 3.0 -3.0 +3.0 +14.0 +33.0 Trade: Wholesale Retail .9 +2.1 — — .3 - 3.0 - .2 •9 .8 .4 + .8 - 2.7 - l.l — + .4 -3) - 1.6 + *3 — •1 -1.5 - + 2.8 +1.8 + .7 +1.7 + 2.8 + 5.8 +1.8 +5-7 +15.4 -1.6 - 3.4 - 1.8 - .8 + •3 + .6 +10.6 + 4.0 46.0 +16.0 + 9.0 +1.0 .5 p/' Preliminary; fine] t.nt.p.lH 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 9Q P61* 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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