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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 DieBoston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco E/
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

. + .3
6

.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.