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H.12 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 1, 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Most Industrial classifications were represented in the net decrease of $175 million in commercial and industrial loans at weekly reporting member banks during the week ended April 24. Partially offsetting increases were $14 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $13 million to the construction industry. The of metals and sales finance products, and manufacturers since January principal decreases during the week were $69 million to manufacturers metal products, $40 million to commodity dealers, $39 million to companies, $18 million to manufacturers of food, liquor, and tobacco $19 million to unclassified borrowers. The decrease in loans to of metals and metal products was the first decrease in this category 23. 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 Cumulative since year-end Dec. 28^ 1955 Dec. 26, 1956 Week to Apr. 25 , 1956 . 24g/ Apr. 24, 1957E/ (In millions of dollars) Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business Classified changes - net Unclassified changes - net Net change in commercial and industrial loans - + l4 - 3 - 69 + + - 7 40 39 2 13 1 - 60 + -337 +227 +105 - 4l -151 -156 +1,167 - 19 +252 -172 -175 80 +1,218 p/ Preliminary; see footnote on attached table. 246 139 913 + 261 + 232 -378 +143 +539 + 83 +123 - 18 - 8 + - 186 183 280 187 - + 2 40 51 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 24, 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 St. Phila- Cleve- RichNew All Dismond Atlanta Chicago Louis tricts £/ Boston York delphia land (In millions of dollars) - •1 .1 + .1 - 1.1 - 8.3 + 3.3 + .7 - 1-7 - .3 - -9 -1.4 + .5 - .9 +1.3 + • 1 - .2 + .6 .5 + .8 + .3 + 5.4 — .4 — l.l - .7 - .1 . .) - 7-2 + 2.2 + .2 - .6 (+ 2.9) + 2.6 -1.5 + .2 -10.3 -2.1 -1.7 -11.5 - 3-3 + .1 - 3*9 - .6 + .7 — .6 + •2 -1.3 + .2 - .3 -1.1 + 3.2 - .5 - 1.1 - .9 - 39-4 -5> - .7 - .4 - .3 -7.0 6 +1.3 - • 1 -11.4 + .3 - .6 - .8 - 5.6 - 69.O Trade: Wholesale Retail - l.l - .6 + 9.5 + .1 - 2.3 - + 13-5 - 3.3 - 1.2 - 3.6 - .7 +2.4 -2.3 .3 +4.4 + - .4 + - 1.4 .2 .7 - 19.6 - 17.9 - 7.7 - .8 + .1 - .4 San FranMinne- Kansas apolis City Dallas cisco P/ - -5 - .9 +1.0 - .7 - .5 -- *f • 1 + *8 ( Commodity dealers - 40.0 -l.l 6.2 Sales finance companies - 38.9 -l.l - 53-2 - .8 +10.7 +2.2 +1.2 - 5.1 + 3.4 — .5 — .1 + .8 + 3*6 Public utilities (including transportation) + 1.9 + .2 - 2.4 + .6 + 1.5 + .2 + .1 + .4 — + .3 + .3 - .7 + 2.2 Construction + 12.7 +2.5 + 5-3 + .7 - 1.0 + .2 -- - .7 +3. l + All other types of business - - .4 - 1.0 -2.4 - .3 + .8 + .1 .6 — 1.2 .8 +2.6 •6 — »6 - >3 + .7 + .1 + .9 + 2.4 Net change in classified loans l/ -155.8 -7.8 -113.3 - .9 - 6.0 - .3 -2.8 -12.9 -12.1 + .1 +1.5 - 6.5 + 5.2 Unclassified changes - net - 19.2 + .8 - 19.7 - .1 - 2.0 -1.7 — .2 —8.1 + -2.1 +1.5 - 3.5 +15.8 Net change in commercial and industrial loans -175.0 -7.0 -133.0 -1.0 - 8.0 -2.0 -3.0 -21.0 -12.0 -2.0 +3.0 -10.0 +21.0 .1 p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. l/ About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold over 90 per cent of total commercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.
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