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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
May 29, 1957
(For Immediate Release)
H. 12
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $90 million in loans to sales finance companies was
the principal factor in the $24l million decrease in commercial and industrial
loans at weekly reporting member "banks during the week ended May 22.
Other net decreases included $27 million to commodity dealers, $19 million to "other" types of business, $l8 million to manufacturers of textiles,
apparel, and leather, $17 million to the wholesale and retail trade, $14 million
to public utilities, and $40 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
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining
Week
ended
May 22P/
Cumulative since year-end
Dec. 26, 1955
Dec. 28, 1955
to
to
m y 22, 1957m/
May 23, 1956
(In millions of dollars)
-453
+125
4668
- 316
+ 190
+1,117
+ 4
+ 1
+110
+ 264
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business
- 17
- 27
- 90
- 14
- 1
2-19
- 36
+ 219
- 266
- 355
Classified changes - net
Unclassified changes - net
-201
Net change in commercial and
industrial loans
- 12
- 18
- 11
-429
+133
+190
- 38
-148
+ 278
+ 151
+
+
32
63
- 40
-182
+240
+1,376
+ 93
-24l
+ 58
+1,469
p/ Preliminary; see footnote on attached table.
+118
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MAY 22, 1957
H.12(a)
•P
CO
San FranMinne- Kansas
New Phila- Cleve- RichAll DieDallas
Chicago
Atlanta
Boston
cisco E/
City
apolis
Louis
York delphia land mond
tricts £/
millions of
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
- .2
- 2.5 - 3-8
- .5 - 1.5
-1.0
+ .2
- .3
+ .1
-1.2
- .4
8.0 - .1
- 5.5 + .1
- .9 - 1.5
- .2
- .9
— .4 + .6
+ .9 + .7
.2
- .8
+ .3
- 3.2 - 1.9
- 1.0 - 1.2
+ .6
- .4
+ .3 ( -) + *7
- (" -3) + 1,7
.9
— •X
- 6.5
-3.1
-3.3 -2.8
- 2.9
+2.0
- .2 -1.2
+ 6.1
-.4 -.8
- 2.8
+ .6
- 2.9
6.4 +1.1
—
10.2 -1.9
- -5
- -5
- 10.6
+ 3-7
+ 1.3
+ .1 + 2.1 - .7
- ,5 + 10.0 - .3
- .4 + 5.0 - .5
-l.l
+ .1
+ .2
- 1.7
- 1.0
- 1.6 — 4.1 — .1
- .1 -X • X
- .6
-
(- l6-9) -
.2 - 4.1 - .2
——
— 6*9 +.4
-
•2
.4
+ .1
Commodity dealers
- 26.7
Sales finance companies
- 90.0
- 2.3 - 65.9 -6.2
- .6
- 4.9
-2.3
- 7.4 - 7.1
Public utilities (including transportation)
- 13-5
- 8.0 — 8.1 + .2
+2.7
-
+ .5
+ 3.2 +
Construction
-
+ .1 + 1.5
-3
-3.2
All other types of business
- 18.6
-
.4 - 15.7 +1.7
-1.5
-
.6
Net change in classified loans l/
-201.4
-15.5 -102.8 -6.2
-6.2
Unclassified changes - net
- 39.6
- 2.5 - 23.2 + .2
Net change in commercial and
industrial loans
-241.0
-18.0 -126.0 -6.0
.8
+
+ .6
+1.2
- 11.7
- 17.6
.4
.6 + .3
.4
•5
.1
- .6 +1.0
+
.3
+
.7
—
•2
-1.1
+ .6
+ .6
-1.1 +1.0
- .3
+2.0
+ 1.1 - 1.2
+ .3
-1.4 - .1
- 2.8
-10.8
- .7
-24.1 -24.3
-1.9
-6.4 -2.5
-2.8
- .2
+ .7
- 2.9
.7
- .1
+ .4 +1.5
-10.0
-9.0
-11.0
-27.0 -25.0
-2.0
—6.0 —i.o
—lo.o
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.
If 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.
@FedFRASER