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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) July 17> 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY A repayment of $126 million by sales finance companies was the major factor in the $122 million decrease in commercial and industrial loans at weekly reporting member banks during the week ended July 10. The only other large decrease was $30 million in loans to manufacturers of metals and metal products. Most of the remaining industrial classifications increased their borrowings by small amounts during the week, with the construction industry showing the largest, an increase of $14 million. Changes in loans during the week and since year-end 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 Week ended July l6S.' Cumulative since year-end Dec. 26, 1955 *Dec. 257 1955 to . to July 10, 1957-' July 11, 1956 (In millions of dollars) + 2 + 7 - 30 484 + 158 + 873 - 373 + 272 +1,294 + 8 + 7 + 266 + 210 + 453 + 44l Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business 6 + 4 -126 17 526 + 283 + 399 6 35 + 177 - 374 - 413 + 349 + 44 Classified changes - net Unclassified changes - net -120 - 3 +1 ,123 209 +2,058 Net change in commercial and industrial loans -122 + 914 +2,129 T 8 + 14 - 9 p/ Preliminary; see footnote on attached table. - - - + + 188 71 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY JULY 10, 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 + 2.4 1.1 - 29.9 1.8 + 6.8 6.5 -3 -2.5 .6 + .3 + .9 + .2 +1.5 + .8 + .1 - .6 - .2 + 1-3 + 1.8 + 4.0 +12.4 + .5 -1.6 + .4 -1.5 + .4 - 7-2 + 1.8 + 1.6 - .4 -1.7 - -5 + 2.0 - 2.6 +1.4 -1.3 - .2 - -5 + .3 - .6 - .3 - .5 + •3 + I- 8 .3 - 7*8 +1.4 - .4 - .5 + .2 +1.3 +2.9 +5-9 +4.4 -3.1 - 1.1 - 76.5 -6.1 - 5-9 + -7 -1.3 -23.6 -1.5 -1.8 -3-9 -2.2 + 5-5 + -7 + .6 + 3-2 + .4 +2.7 - .2 - 2.4 .6 + .2 +1.7 + 4.2 - -3 +1.2 +1.2 + 3-3 .8 - 9.0 - .1 - 1.4 +2.3 -4.5 + 4.1 +1.7 +1.0 + .2 - 3-6 —2 • 0 +10.0 + -125.5 - 8.9 Public utilities (including transportation) + 7.9 - 1.0 + 4.7 Construction + 14.1 + All other types of business - 8.5 + .7 - 1.5 1.8 + .6 .5 + -3 Net change in classified loans 1/ -119-5 -12.8 -IO6.5 -1*3 -13.8 + .3 -7.2 - 2.3 +4.1 +5.4 +6.6 Unclassified changes - net - 2.5 - 1.2 + -2.7 + - .3 + .2 + 7.3 - .1 -4.4 +2.4 Net change in commercial and industrial loans -122.0 -14.0 -104.0 -4.0 -13-0 -7.0 + 5.0 +4.0 +1.0 +9-0 A 3.1 Sales finance companies "r'cmts ( + + p/ Preliminary; final totals will appear In L +3.1 -1.3 .4 (" 5-5) - 4.9 3.5 + 3.2 - 2.6 +1.2 + .4 - +1.9 +1.0 + .2 - .3 - -7 + .2 - .7 - .5 + .4 - 2.1 + .5 ( Commodity dealers i7 - .4 - - 27.3 +1.2 + 2.4 -1.1 .3 + 6.8 - .1 - 2.0 - .1 • 3 + 2.8 +1.0 - .7 + . 3 + 7.2 ) - .7 + 4.0 - .1 + 8.0 Minne- Kansas J San Franapolis City DallasjCisco P/ Phila Cleve-j Rich- Atlanta Chicago delphia land I mond (In millions of dollars) All Districts P/ Boston 2.5 .8 (" 6 - j - .2 - 7.0 -2.0 + 3-0 F. E. Bulletin and San Francisco District final figures appear In a release of the Reserve Bank. r2i%:e2r:::tC::L: z : r g ^ ™ e " : n U e e : f