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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
January 9* 1957

(For Immediate Release)

H. 12

CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY
Net decreases of $111 million in loans to the wholesale and retail trade,
$105 million to manufacturers of food, liquor, and tobacco products, $80 million
to manufacturers of metals and metal products, $30 million to manufacturers of
textiles, apparel, and leather products, were the principal factors in the $169
million decrease in commercial and industrial loans at weekly reporting member
banks during the week ended January 2. Partly offsetting increases included $76
million in loans to public utilities, $72 million to sales finance companies, and
$42 million to manufacturers and producers of petroleum, coal, chemicals, and
rubber products.
The decreases in loans to manufacturers of food, liquor, and tobacco
products and to the wholesale and retail trade were the largest weekly decreases
in these categories since the series was started in 1951Changes 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, & rubber
Other manufacturing and mining

Week
ended .
Jan. 22/
-105
- 30
- 80
+ 42
- 16

Cumulative since mid-year
June 29, 1955
June 27, 1956
to
to
.
Jan. 4, 1956
Jan. 2, 19572/
(in millions of dollars)
+
-

-

+
+

717
35
151
470
56

+

432

+

246

68
744
170
426
66

+ 289
+ 458

+ 67
+ 223

+

61

Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business

«* mm

-

+ 24

+

Classified changes - net
Unclassified changes - net

-122
- 48

+2,598
308

+3,051
1/ - 197

Net change in commercial and
industrial loans

-169

+2,290

1/ +2,854

-111
+ 5

+ 72
+ 76

+
+
+
+

200

+

757

+
+

100
337

+

81

p/ 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 5In addition to the usual weekly table, a monthly table is attached showing
changes during December compared with the preceding month and with December 1955>
and also showing changes during the past twelve months.
The larger changes during December were increases, as they had been in the
"preceding month and in December 1955• For sales finance companies, it was the
largest monthly increase in this category since the series was started in 1951*
Loans to the wholesale and retail trade and to manufacturers and producers
of petroleum, coal, chemicals, and rubber products declined during December following increases during November; the decline in the latter was the first monthly
decrease since May.
For the year, all business categories showed net increases in loans except
sales finance companies and the construction industry.


http://fraser.stlouisfed.org/
IISIO
Federal Reserve Bank of St. Louis

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JANUARY 2, 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

Minne-[Kansas Dallas San FranSt.
Pbila-1 Cleve- I Rich- ' l M t a | c h l
All Dis- Boston New
cisco P /
.
Louis apolis] City
_j
York delphiai land j mono. \
tricts E/
(in millions of dollars)
-105.1
- 29.5

- 2.6 - 76.7 -2.5
- 2.5 - 17.1 -2.7

-1.9
- .3

-

.6

+

.2

- 80.2
+ 42.3
- 15.5

+ 1.3 - 70.2 + .8

-4.0
-2.1

+ 2.8

+ .8 +

+ 10.3

.4 + .2

+ -9

+ .8

-

+ 3.1

-

- 1.6 -17.8

+1.1
- .8

-

.3 - .4

- 2.5

.7
.7

+
+

+ .9

.6 -13.8

+ .1

- 3-5 - .7
+ .4 +3.8
— .6
--

- 1.6

+

.7 - 9-4
.4 +19.3

- 1.0 - 4.2

- .3

-

.3 - .2

-

.3

+ 2.5
- 1.0

+
-

.7
.3

+ 6.2

+ 1-7

+

.3

Trade:
Wholesale
Retail

-110.7j -

.8 - 61.2 -2.2

-4 -1.3

- -9
-2.2

+ .3
- 5-4

-

.1 - 3-4

-4.7

-2.6

2.3 - -3 (
- 1.5 -4.0 ( 3.5)

- 6l!

Commodity dealers

+ 5-2

+

.5 + 12.1 + .5

+2.1

+ .8

-

.7 - 3.1

-8.4

- 3.2 +1.7

+ .6

+ 2.3

Sales finance companies

+ 71-7

+ 6.6 - 29.1 -»6.8

+9.7

+ 8.1

+ 9-5

+25.0

+4.8

+ 1.3

+4.4

+ 6.8

+17.8

Public utilities (including transportation)

+ 76.2

+ 4.0 + 57.6 + .8

+2.0

+ 1.0

+ 3.0 + 8.4

+1.9

+

.1 + •3

•9

- 2.0

+10.7 - 2.4 +2.3

-1.1

-

+

.6 - 2.1

-2.0

+

.7 - -7

- 4.5

- 1.2

+ 24.1

- 7.9 + 3.7 + .3

-2.2

+ 2.7

- 2.5 + 5.8

+2.7

- 2.6

+3»8

+23.1

- 2.8

Net change in classified loans l/

-121.5

+16.0

-173.0 +3.9

-.1

+5*4

+8.0

- 6.3

-7*3

-11.8

+7.7

+18.7

+17.3

Unclassified changes - net

- 47.5

+11.0 - 39-0 -3.9

-8.9

+ 4.6

+ 2.0 + 2.3

+ .3

- 2.2 -2.7

+1.3

-12.3

Net change in commercial and
industrial loans

-169.0

+27.0

-9.0

+10.0

+10.0 - 4.0

-7.0

-l4.0 +5.0

+20.0

+ 5.0

Construction
All other types of business

-212.0

—

-3

-

.9 -11.0

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 ^old over 90 per cent of total
commercial and industrial loans of all weekly reporting member banks and nearly 70 P e r c e n t o f those of all



CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A

H.12(b)

Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
4 weeks
ended
Dec. 26, 1956

4 weeks
4 weeks
ended
ended
Nov. 28, 1956 Dec. 28, 1955
(In millions of dollars)

12 months
ended
Dec. 26, 1956

+167.6

+154.2
- 24.3

+ 61.5

2.8

+

+
+

+152.6
- 58.I
- 7.7

+116.3
+ 88.7
- 30.2

+145.2
+ 55.6
+ 7.6

+1,290.7
+ 851.9
+ 441.0

- 78.4

+ 31.2

- 43.8

+

349.4

Commodity dealers

+103.9

+ 96.5

-

6.8

+

352.8

Sales finance companies

+516.3

+ 60.0

+481.9

-

223.6

Public utilities (including transportation)

+136.1

+ 31.7

- 31.1

+

715.0

Construction

-

9.1

- 21.7

+

All other types of business

+ 22.3

+ 31.2

+ 57.5

+

Net change in classified loans 1/

+948.3

+533.6

+734.0

+4,843.0

Unclassified changes - net

- 28.3

- 54.6

- 41.0

-

Net change in commercial and
industrial loans

+920.0

+479.0

+693.0

+4,702.0

Trade —

wholesale and retail

l/ See footnote on preceding table regarding current coverage.




+

1.6

520.4
232.3

12.0

4.8

325.1

141.0