View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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

- .4 -

-3 -2.5
.6 + .3

1.8

+ 6.8

6.5

- 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

+ .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

(

A

+

3.1

.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

3.5

+

+

Sales finance companies

-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

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

("

6

- j

+2.4

p/ Preliminary; final totals will appear In L

"r'cmts




+ I- 8

(" 5-5) - 4.9

Commodity dealers

i7

+3.1
-1.3

.4

+ .2 - .7 - .5
+ .4 - 2.1 + .5

(

+ 3.2 - 2.6

+1.2
+ .4

-

+1.9

+1.0
+ .2

- .3
- -7

2.5

.8

-

.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