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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H. 12 July 3> 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Increases of $83 million in loans to public utilities, $34 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products, $32 million to manufacturers of metals and metal products, $23 million to "other" types of business, and $17 million to manufacturers of textiles, apparel, and leather products were largely offset by decreases of $82 million in loans to sales finance companies and $27 million in loans to commodity dealers. The net increase in commercial and industrial loans at weekly reporting member banks during the week ended June 26 was $65 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 Week ended June 262/ Cumulative since year-end Dec. 26, 1956 Dec. 2871955 to to June 26, I957E/ June 27, 1956 (In millions of dollars]" Manufacturing and mining: +17 +32 + + 454 148 934 - 302 + 238 +1,362 +34 +8 + + 290 213 + + 424 369 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business + 3 -27 -82 483 + 5 +23 + + - 1 538 370 510 16 55 + + + + 171 386 322 365 54 149 Classified changes - net Unclassified changes - net +84 -19 +1,402 l46 +2,124 + 119 Net change in commercial and industrial loans +65 +1,256 +2,243 Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining -11 p/ Preliminary; see footnote on attached table. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JUNE 26, 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 All Dis- I (New tricts p/[Boston| Yprk San FranMinne- Kansas St. RichPhila- Cleve Chicago Louis apolis City Dallas cisco VJ Atlanta mond delphia land fin millions of dollars) -11.4 +16.5 +3.0 - 1 0 . 6 + .6 +14.2 - .6 +1.5 -1.3 - -1.5 -1.4 +1-3 + .9 -5-2 + .1 +2.6 + .1 +32.4 +33.5 - 4 . 7 +25.5 + .6 +35*9 + . 4 + 3*2 -1.4 + .9 +«3 +7-6 -1*5 +1.6 - .5 -1.2 - .3 -1.8 - •3 +.2 +2.0 + .6 -1.7 - .8 + .1 - .1 + .1 + .5 - .2 -1.0 -1.6 + 2.4 - 3.0 — +1.3 - .7 -.8 + .2 +.7 + .5 • •5 + .2 - .8 + -7 + 8.0 r 3- 1 ) +1.0 +1.0 - .3 + 1.8 + .2 +2.0 - •1 - m k -l.l + .1 t'.l - - .2 -2.1 (*3-3) + 3.4 + 1.4 + 5.3 + •? + .9 -27.3 + .8 -19.1 + .5 +1-2 - .4 -2.9 + .4 -2.6 -2.1 - -9 -1.0 - 1.2 Commodity dealers -82.1 +3.1 -77-3 -2.8 -3.8 +4.5 -1.4 -9.3 -1.5 - .5 -2.6 +1.5 + 8.0 Sales finance companies Public utilities (including transportation) +83.2 +5.6 +61.9 +.1 -3*6 -.2 +.7 +3-4 + .1 + -9 - .1 +14.4 + 4.9 - - .9 - .2 + .3 - '5 +5.5 - .2 + .5 - .4 + 1.9 Construction +22.7 - .8 +17.2 — - .2 + .2 + .4 +1.9 + .5 -2.9 + 6.4 All other types of business +83.5 +6.0 +49 • 6 -l.l -2.5 + .4 -3.4 —l. 6 -3.1 -1 • 2 -2.6 +43.0 Net change in classified loans l/ -18.5 -3»0 - 4.6 +1.1 +1.5 -2.4 + .4 +5.6 + .1 - .8 -1.4 -15.0 Unclassified changes - net Net change in commercial and industrial loans 465.O +3.0 +45.0 -1.0 -2.0 -3.0 +4.0 -3.0 -2.0 —4.0 +28•0 .7 - .4
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