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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

May 8, 1957

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net increases of $79 million in loans to sales finance companies,
$66 million to public utilities, $56 million to manufacturers of metals and metal
products, and $17 million to the wholesale and retail trade were the principal
factors in the $115 million increase in commercial and industrial loans at weekly
reporting member banks during the week ended May 1.
Partly offsetting decreases included $43 million in loans to manufacturers of food, liquor, and tobacco products, $27 million to "other" manufacturing
and mining, $17 million to manufacturers of textiles, apparel, and leather products, and $9 million to commodity dealers.
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. 26, 1956
Week
to
to
ended ,
May 1, 1957^/
May 2, 1956
May l£/
(In millions of dollars)

Manufacturing and mining:
- 43
Food, liquor, and tobacco
Textiles, apparel, and leather
- 17
+ 56
Metals and metal products
Petroleum, coal, chemicals, & rubber•- 4
Other manufacturing and mining
- 27

-422
+126
+598
+ 79
+ 96

+
+
+
+

248
154
973
255
246

17
9
79
66
4
8

- 43
-345
+306
+167
- 44
-143

+
+
+

216
194
249
232
2

Classified changes - net
Unclassified changes - net

+122
- 7

+375
-180

+1,387
+ 50

Net change in commercial and
industrial loans

+115

+195

+1,437

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.
In addition to the weekly table, a monthly table is attached showing
changes during April compared with the preceding month and with April 1956,
<and also showing changes during the past twelve months.
Changes during April were more like those of April 1956 than March 1957
el-noetfae latter changes included large borrowings to pay quarterly income taxes«,
For the four weeks ending April 24, the net repayments of loans to manufacturers of food, liquor, and tobacco products were larger than in the comparable
period a year ago, but the net repayments of loans to public utilities were
smaller. Loans to manufacturers of metals and metal products decreased during
current period in contrast to an increase a year ago.




CHANGES IK COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MAY 1, 1957

H.12(a)

Business of Borrower

San Frani St. Minne- Kansas
New
Phila- jCleve RichAll Dls-z
Atlanta .Chicago|Louis apolis City Dallas ,Cisco P/
Boston
mond
delphiaj
land
York
tricts B/
(In millions of dollars)

Manufacturing and mining:

43.1
17.2

-2.3 -24.8
-2.8 -14.7

-2.9
- .6

+ 1.0
+ 1.0

-1.0
—1 • 2

- .4
-1.3

4.1
.5

-1.6
+ .3

- .1
+1.6

-1.0
+ .3

- .3
+ .1

- 5.6
- .4

55.8
3.8
27.2

+1.9 +53.6
+ .2 - 4.7
- -23.0

- .8

+ .3
+ 2.4
-10.1

+1.1
+ .4
+ .3

+1.0
+ .5
- .3

8.3
4.8
1.7

+ .4
- .1
+ .4

+3.0
+ .9
+ .3

- .4
+ .2
+ .1

+ .9
+2.0
+1.1

+ 3.1
- .8
+ 3.1

Trade:
Wholesale
Retail

> + 16.9j

+4.1 + 1.5
- .8 + .4

-1.8
+3.0

+ .2

• 1.2

+ .3

+ .6

+ 4.8

+1.5
+ .6

+1.5
-1.2

+ .4 ( +
+ .1

Commodity dealers

-

8.9

-1.8 + 8.0

+ .1

Sales finance companies

+ 79.0

+ .6 +40.7

Public utilities (including transportation)

+ 66.0

+1.3

Construction

-

4.0

+ .6 +

All other types of business

+

8.4

— —

- .8

C

c) +
- )

.6
*5

- .9

+ 2.6

- 1.8

- .1

+ .3

- 3.4

- .7

-2.9

- .8

+ .2

+1.5

+12.9

+1.7

+3-8

+ 4.5

+4.7

+3.7

-2.1

+3.8

+ 3.2

+2.4

- 4.6

- .2

- .6

+ 5.0

- .7

+ .5

- .1

+ 7.7

.3

+ .5

+ 1.8

+ .3

+ .9

+ 1.9

+ *9

-1.5

-2.7

-2.2

- 4.8

— ,6 +1.6

+1.8

- 1.4

-1.8

+4.3

+10.3

- .4

+ .8

-1.3

- .8

- 4.1

+55-3

- -

5

ON
b

+ .8

1

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

Net change in classified loans l/

+121.9

+ .4 494.2

+2.4

+

.5

+ .6

+7.9

+10,7

+5.3

•+6.6

-7.2

+5-2

- 4.7

Unclassified changes - net

- 6.9

+3.6 -49.2

+2.6

+

.5

+1.4

+1.1

+ 1.3

+ .7

+ .4

+1.2

+3.8

+25.7

Net change in commercial and
industrial loans

+115.0

+4.0 +45.0

+5.0

+ 1.0

+2.0

+9.0

+12.0

+6.0

+7.0

-6.0

+9.0

+21.0

p/ Preliminary; rxnai xoxais w i u appear m




uuc r.

—

centoftotel

z:

~~~ *

1

H.12(b)

CHANGES IN COMMERCIAL AND' INDUSTRIAL" COANS OF A SAfjPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
Business of Borrower

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

4 weeks
ended
Apr. 24, 1957

4 weeks
4 weeks
ended
ended
Mar. 27, 1957 Apr. 25, 1956
(In millions of dollars)

12 months
ended
Apr. 24, 1957

-73.8
+ 6.4

+
+

38.8
75.1

- 55.2
+
.8

+
+

387.3
236.5

-19.0
+29.3
+10.9

+
+
+

442.8
80.1
91-5

+ 87.0
+ 57.0
+ 17.5

+
+
+

920.4
673.0
332.4

Trade — wholesale and retail

+64.3

+

80.3

+ 90.6

+

103.0

Commodity dealers

-83.0

-

111.0

- 80.I

+

199.7

Sales finance companies

+91.6

+

291.6

+ 41.0

+

283.3

Public utilities (including transportation)

-39.2

+

89.7

-117.7

+

628.8

Construction

+ 4.1

+

2.1

+ 28.1

-

All other types of business

-18.3

+

8.2

- 20.9

+

Net change in classified loans l/

-26.7

+1,089.2

+ 48.1

+3,929.2

Unclassified changes - net

-57.3

+

51.8

+ 49.9

-

Net change in commercial and
industrial loans

-84.0

+1,l4l.O

+ 98.0

+3,564.0

l/ See footnote on preceding table regarding current coverage.




49.5
214.3

365.2