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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
July 24, 1957
(For Immediate Release)
H. 12
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $96 million in loans to s a l e s finance companies was the
p r i n c i p a l f a c t o r in the $114 million decrease in commercial and i n d u s t r i a l loans a t
weekly r e p o r t i n g member banks during the week ended July 17.
Other net decreases included $30 m i l l i o n to manufacturers of food, l i q u o r ,
and tobacco products, $17 m i l l i o n to "other" types of b u s i n e s s , $15 million to manuf a c t u r e r s of metals and metal products, and $23 m i l l i o n to u n c l a s s i f i e d borrowers.
P a r t l y o f f s e t t i n g net increases included $22 m i l l i o n to public u t i l i t i e s ,
$15 million to commodity d e a l e r s , and $14 m i l l i o n to manufacturers and producers of
petroleum, c o a l , chemicals, and rubber products.
Changes in loans during the week and since year-end are shown below; the
t h i r d column shows the changes during the comparable period l a s t year:
Business of Borrower
Manufacturing and mining:
Food, l i q u o r , and tobacco
T e x t i l e s , a p p a r e l , and l e a t h e r
Metals and metal products
Petroleum, c o a l , chemicals,
and rubber
Other manufacturing and mining
T r a d e - - w h o l e s a l e and r e t a i l
Week
ended
July 17B/
Cumulative since year-end
Dec. 257 1955
Dec. 26, 1956
to
to
'P/
July 18, 1956
July 17, 1957
(In m i l l i o n s of d o l l a r s )
- 30
-
+
+
162
855
515
- 387
+ 268
+1,258
+ 14
+ 8
+
+
280
219
+ 468
+
451
3
15
96
-
19
510
+
172
+
183
+ 4
- 15
- 332
- 459
+ 340
+ 40
Commodity d e a l e r s
Sales finance companies
Public u t i l i t i e s and t r a n s p o r t a t i o n
Construction
All other types of business
7
_17
+ 4ll
+
3
:
47
C l a s s i f i e d changes - n e t
U n c l a s s i f i e d changes - n e t
92
23
+1,021
- 221
+2,002
+ 4?
-114
800
+2,049
Net change in commercial and
i n d u s t r i a l loans
22
p / Preliminary; see f o o t n o t e on attached t a b l e .
+
182
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF W E L REPORTING M M E BANKS
EKY
E BR
BY INDUSTRY A D FEDERAL RESERVE DISTRICT,
N
W E ENDED WEDNESDAY, JULY 17, 1957
EK
H.12(a)
Business of Borrower
Manufacturing and mining:
Food, l i q u o r , and tobacco
T e x t i l e s , apparel, and l e a t h e r
Metals and metal products (including
machinery & t r a n s p o r t a t i o n equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
All D i s - .
t r i c t s £/ Boston
j St.
New P h i l a - Cleve- Richmond Atlanta Chicago |Louis
York delphia land
(In millions of d o l l a r s )
San FranMinne- Kansas
apolis City Dallas cisco £/
- 30.1
+ 3.8
+ .6
+ .6
-18.8
+ .5
+ 4.0
- .1
- 2.1
-5.8
-1.4
+ .2
+ .1
-11.0
+ 2.6
+ .2
+4.4
- .4
-1.4
+ 2.9
+ 1.4
+1.1
- .2
- 3-1
.6
- 14.7
+ 13-7
+ 7-8
- .7
+1.0
+4.0
- 7-6
+11.6
+ 1.4
- 3-8 + .6
• 3 + 1.6
• 9 - 1.1
-1.9
- .2
+ .2
+ .5
+1.0
+ .8
- 1.2
- -5
+ 4.3
+ .2
- .4
- .2
- .4
+ -5
+ .2
+
.4
-
.2
+1.4
+ .1
-1.7
- 2.2
- •
+ 1.0
- 3.0
+ 2.3
- 2.8
- 1.4
+
-
.5
.9
+ .4
- .8
+3.3
- .8
- 2.4
+1.2
+ .3
- .5
- 1.4
8
+2.2
-1.8
+ .1
2
Commodity dealers
+ ik.9
+ .4
+
.5
+ 1.2
- 1.4
- .2
- .2
+ 5-5
+2.4
+ .5
+ 5.2
Sales finance companies
- 96.4
-6.3
-65.3
- 5-1
- 4.3
+2.4
- .1
- 6.7
- .2
-4.3
-
Public u t i l i t i e s (including transportation)
+ 21.7
+1.4
+ 9.8
+
-5
- 3.7
+ .3
+ 4.6
+ .6
--
+ 1.0
- .1
+ 7.3
Construction
+ 7.3
+1.2
- 3.0
+
.2
+
.6
+ .6
+ .4
+ 2.4
- .1
+1.0
+ 2.1
+ .9
+ 1.0
All other types of business
- 16.7
-3.2
-11.5
-
.7
- 3.0
-1.2
+1.0
+ 2.6
-2, ]
+ .1
-
.2
- .3
+ 1.8
Net change in c l a s s i f i e d loans 1/
- 91.5
- .6
-83.1
- 9.2
-13.2
-7.0
+6.5
-
.6
+6.3
-4.6
+10.7
+2.4
+
U n c l a s s i f i e d changes - net
- 22.5
-1.4
- 4.9
-
-
--
- •5
- 2.4
+ .7
+1.6
+
.3
+1.6
-15.9
Net change i n commercial and
i n d u s t r i a l loans
-114.0
-2.0
-88.0
-10.0
-7.0
+6.0
- 3.0
+7.0
-3.0
+11.0
+4.0
-15.0
Trade:
Wholesale
Retail
(-
' )
.8
.8
-14.0
—
+ .1
+
.2
(
("
J
)
l2
+1.4
" 1-2
+ 3.6
-
.4
- 5.6
-7
.9
p/ Preliminary; f i n a l t o t a l s w i l l appear in -cue r . n, s u i i c u i u a.uu ©on n a u u i o w
~
— v—
l / About 210 weekly r e p o r t i n g member banks are reporting changes in t h e i r larger loans as to industry; these Dames hold over 90 per cent of to^al
commercial and i n d u s t r i a l loans of a l l weekly reporting member banks and nearly ?0 per cent of those of a l l commercial banks.
