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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
H. 12
June 1$, 1957
CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY
All Industrial classifications except commodity dealers and manufacturers
of food, liquor, and tobacco products participated in the increase of $344 million
in commercial and industrial loans at weekly reporting member banks during the week
ended June 12.
The principal net increases were $71 million in loans to manufacturers of
metals and metal products, $6? million to manufacturers and producers of petroleum,
coal, chemicals, and rubber products, $57 million to public utilities, $38 million
each to sales finance companies and to "other" types of business and $36 million to
"other" manufacturing and mining. The increase in loans to "other" manufacturing
and mining was the largest in this category since the week ended July 11, 195°.
The only net decreases reported were $21 million in loans to commodity
dealers and $7 million to manufacturers of food, liquor, and tobacco products.
»
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
•
t
*
m
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining
Cumulative since year-end
Week
Dec. 26, 195b
Dec. 28, 1955
ended ,
to
,
to
June 122/
June 12, 1957—
^-9,1—
( I n millions of dollars)
- 7
+ 12
+ 71
-491
+120
+711
- 330
+ 201
+1,109
+ 67
+ 36
+186
+l60
+
+
+
+
+
+
+
11
21
38
57
11
38
- 40
-517
+165
+213
- 23
- 85
+ 158
- 336
- 452
+ 247
+
49
+ 120
Classified changes - net
Unclassified changes - net
+312
+ 32
+401
-155
+1,529
+ 100
Net change in commercial and
industrial loans
+344
+246
+1,629
Trade—wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business
p/ Preliminary; see footnote on attached table.
m
437
326
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 12, 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
Minne- Kansas Dallas San FranPhila- Cleve- Rich- Atlanta Chicago St.
All Dis- Boston New
cisco P/
Louis apolis City
mond
York delphia land
tricts P/
(In millions of dollars;
+ .9
+ 4.2
- 10.5
+ 4.1
.2
+
+ 1.4
+ 1.7 — 1 • & - .3
+1.1
+ .5
+ 1.8
+1.1
+ .4
+1.7
7.2
+ 4.9
+ 3-5
+
- -
.3
+ 57-2
-
.1
+ 8.0
+19-9 +1.2
+ 2.3
+ .8 - .4
Trade:
Wholesale
Retail
+ 1.2
+ .9
+ 2.2
- 5-5
+ 2.5
+ 1.9
+
+
Commodity dealers
+
Sales finance companies
+ .8
Public utilities (including transportation)
+ 3.6
+
1.8
-
.1
.3
- .1 +
+ .4 +
•5
.1
+ .1
+ 1.6
+ .4 +
+ .9 +
+1-5 +
.1
.8
.3
- .4
+ .9
- .5
+
+
-
.6
.2
- -
+ 1.0
+ 1.2
+ 1.7
-
.2
+ 2.8
.5
.6
- -2
+ .4
-2.6
+ .3
+ 3.4
+ .3
+ .2
+ 1.4
.4
-1.0
.3 („ < 6 ) +1.5
+ 3-5 (" * ) - .2
«5
- 1.0
- .2
-2.0
+
+
-1.5
- 1.6
-3-8
- 4.2
3.4
+ 5-9
+ 6.6
+1.8
+2.9
+ 7.4
+ 6.6
+ .4 + 2.9
+1.6
+ 4.7
-l6,6
+ 31*1
+ 1.8
+14.6
-1-5
- .1
+21.5
+ .8
+1.8
+ 2.5
+ -5
+ .2
Construction
+
.2
+ 4.3
+
*3 -
.2 +1.1
- .1
+ 1.9
+
.7
— .6
+2.7
+.6
All other types of business
+ 1.7
+ 17.1
+
.1 + 2.8
+6.4
-1.5
+ 5.3
+ 1.3
- -3
+ 2.5
+3-8
- 1.2
- 2.9
+151.6
+25.7
+49.1
+7.0
+ .9
+41.3
+13-3
+1-5
+14.6
+2.2
+ 7.3
+ 5.9
+ 3.4
+ 2.3
+ 3.9
-4.0
+1.1
+
+
-7
+1.5
+ 3-4
+ .8
+12.7
+ 3.0
+155.0
+28.0
+53.0
+3.0
+2.0
+42.0
+14.0
+3-0
+18.0
+3.0
+20.0
Net change in classified loans l/
Unclassified changes - net
Net change in commercial and
industrial loans
.1 - 8.2 +
.3
.7
.7
p/ Preliminary; final totals will appear In the F. R. Bulletin M i San Francisco District final figures appear in a release of the Reserve Bank.
1/ Ahout 2 1 — y r e p o r t i n g
^ r t i n ^ ^ i n their ^ ^ ^ t o ^ M u s ^ t h e s e
- U o v e r ^ p e r cent of total
commerc]
@FedFRASER