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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
May 15, 1957

(For Immediate Release)

H. 12

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $59 million in loans to sales finance companies,
$28 million to commodity dealers, $22 million to manufacturers of food, liquor,
and tobacco products, $13 million to manufacturers of metals and metal products,
$12 million to "other" types of business, and $10 million to public utilities
were the principal factors in the $109 million decrease in commercial and industrial loans at weekly reporting member banks during the week ended Kay .
Partly offsetting net increases included $17 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and
$27 million to unclassified borrowers.
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. 26, 1955
Dec. 2571955
Week
to
to
ended .
May 8 , 1957P./
May 9 , 1956
May 8£Z
(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

- 22
+ 1
- 13
+ 17
- 5

-445
+127
+582
+ 96

+ 89

-

257

+

255

+ 169
+1,026
+ 261
223

Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business

- 4
- 28
- 59

- 12

+
+
+

Classified changes - net
Unclassified changes - net

-136
+ 27

+1,348
+
64

Net change in commercial and
industrial loans

-109

- 10
-

2

p/ Preliminary; see footnote on attached table.




211

+ 73

294
156
15
7

+1,412

H.

12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER EAJflS
BY INDUSTRY AND FEDERAL BES2R73 DISTRICT,
WEEK ENDED WEDNESDAY, MAx 3, 1957
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- ,
tricts P/ Boston

New
York

St.
Phila- Cleve- Richdelphia land
mond Atlanta Chicago Louis
(In millions of dollars)

Minne- Kansas
San Franapolis City Dallas cisco P/

- 22.1
+
.7

-1.5
+1.6

- 2.1
- 1.4

- .6
+ .4

+ .3
+1.1

-2.4
+1.6

-3-8
+ .1

- 9.9
+ .5

- .9
-3-5

-2.7
+ .2

-1.9
+ .1

- .3
- .2

+ 3-7
+ .2

- 12.9
+ 17.2
- 5.1

+1.1*
- .2
+1.1

- 1.4
+11.5
+ 2.1

-3.2
+ .1
+ .6

-2.0
- .1
- .2

+ .5
- .3
+ .5

- .8
+ .6
- .6

- 5-3
+ 1.8
- 6.4

-1.6

- .8
-1.2
+ .7

+2.2
- .4

-1.1
+4.5
+ .4

- .8
+ .8
- 2.7

+1.0
3-7) + .7

- 1.4

- 1.0

+ .8
-l.l

+ .6
- .1

- .8
+ .4

+ .8
+ 2.3

- .1

+ .7

+ .1

- .6
- .7

+ .8
-1.3

(

(-

,,)

+ .1
- .6

- -

L

(

3>
,3

)

• 1.2

- 3.9

Commodity dealers

- 27.8

-1.0

- 5-7

-1.2

-2.3

-1.7

- .8

- 6.9

-3-5

-2.3

- .6

-4.0

+ 2.2

Sales finance companies

- 58.6

-3.3

-59-4

+6.4

-4.1

- .4

+ .6

+ 3.1

+ .9

+1.8

- .2

+ .4

- 4.4

Public utilities (including transportation)

- 10.3

- .6

- 5-4

+1.0

+ .9

+ .4

+ .1

- 4.0

-2.6

-1.4

+ .3

+ 1.0

1-9

+ .2

- 4.6

- .1

+ .9

+ .2

+

.7

+1.1

+ -5

+ .5

-2.8

+ 1.5

- 11.6

+ -9

•7

+2.0

+ .1

- .7

-2.5

- 8.6

- .2

- .1

- .8

-2.5

+1.5

Net change in classified loans if

-136.1

+ .3

-69.5

+5.1

-4.7

-2.0

-7.3

-31.9

-8.2

-7.8

-3.0

-5.0

- 2.1

Unclassified changes - net

+ 27.1

+ .7

+ 3.5

- •1

- -3

+ .3

-

.1

+ .2

+1.8

+2.0

+1.0

+18.1

Net change in commercial and
industrial loans

-109.0

+1.0

-66.0

+5.0

-5-0

-7 «0

-32.0

-8.0

-6.0

-1.0

-4.0

+16.0

Construction
All other types of business

—

- -

—2.0

—

p7~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 TO per cent of those of all commercial banks.