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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.