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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H. 12

(For Immediate Release)

November 13, 1957

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
The net change in commercial and industrial loans at weekly reporting
member banks during the week ended November 6, was a decrease of only $3 million.
The larger decreases were $46 million in loans to manufacturers of metals and
metal products, $13 million to public utilities, and $12 million to "other" types
of business. Offsetting net increases included $37 million in loans to commodity
dealers, $15 million to manufacturers of food, liquor, and tobacco products, and
$13 million to manufacturers and producers of petroleum, coal, chemicals, and
rubber products.
Changes in loans during the week and since mid-year are shown below;
the third column shows the changes during the comparable period last year.

Business of Borrower

Week
ended .
Nov. 6£/

Cumulative since mid-year
June 26, 1957
June 27, 195&
to
,
to
Nov. 6, 1957s/
Nov. 7, 1956
(In millions of dollars)

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

+15
-10
-46

+302
-124
->06

+
+
-

554
14
312

+13
-10

+ 26
- 63

+
+

462
104

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

+10
+37
+ 1
-13
+ 1
-12

+205
+306
-501
- 40
- 22
- 23

+ 249
+ 571
- 503
+ 177
40
+ 151

Classified changes - net
Unclassified changes - net

-15
+12

-440
-356

+1,426
- 179

Net change in commercial and
industrial loans

- 3

-796

+1,247

p/ Preliminary; see footnote on attached table.
In addition to the weekly table, a monthly table is attached showing
changes during October compared with the preceding month and with October 1956,
and also showing changes during the past twelve months.
Although changes during October were in the same direction as in October
1956 in all but one of the industrial classifications, current decreases were generally larger and the increases smaller, and net change was a decrease instead of
an increase as reported in October 1956.
The decreases in loans to "other" manufacturing and mining and to sales
finance companies were the largest monthly decreases in these categories since the
series was started in 1951J and the decrease in loans to manufacturers of textiles,
apparel, and leather products was the largest since October of that year.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT
WEEK ENDED WEDNESDAY, NOVEMBER 6, 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

+14.8
- 9-8

+1.7 + 7-3
-3.0 - 6.9

+ -3
- .1

-2.1
- .7

- .6
+1.4

+ -7
- .9

+ 1.0
+ 2.4

+ .9 +1.2
- 2.0 - .2

+ 3.7 +
+ .1 -

-46.4
+12.9
- 9-8

-1.8 -27.0
- -3 +13.7
-1.0 - 1.0

-4.9
+ .2
- .5

+1.1
-1.6
- .9

-1.5
+ -5
- .1

-1 • 2 -13.2
+ .5
- -9
- .3 - 2.3

- 1.8 +2.4
+ l.l + .2
~ 3*1 — • 2

- 1.6 + 3.0
+ .4 + .5
+ .7 - .8

- .5 - 2.5
+2.8 + 8.8

+ .6
- •1
f

- -5

+ .6
+1.0

+ •1

- 2.9
- 1.4

+ 2.5 + .k
+ .4 + .8

+
+

- .1

+2.0

+ 2.7

+ 1.6 -3.4

+ 1.6

+ 3-6 +

(

J

(+io.3)

+1.0

- —

.7
.1

+

.2

+ .1
- 1.4
- .3

.4 ( , ) + 1.5
.2 ( - 4.1) + 1.0

Commodity dealers

+36.7

+2.3

+17.0

+1.0

Sales finance companies

+ 1.0

-2.3 -17.5

+ .2

-+6.6

+1.0

-1.3

+13.6

- 7-4 -1.2

Public utilities (including transportation)

-12.9

-3.1

.6

-3-2

-1.4

+ .1

+ .5

- 4.7

-

.3 + .6

-

Construction

+

.8

+ .5 - 2.0

+ .2

-1.5

- .1

-1.0

+ 2.4

-

.2 - .7

- l.l + 3.1

+ 1.2

All other types of business

-12.1

+ .3 -17.6

+1.7

-2.9

+1.5

+ .8

-

- 2.4 + • 3

+

.8 + 4.4

+ 1.8

Net change In classified loans l/

-14.5

-4.4 -27-1

-4.4

-2.9

+3.7

- .1

- 4.1

-10.7

+

Trade:
Wholesale
Retail

St. Minne- Kansas
San FranNew
Phila- Cleve- RichlAll Districts p/1 Boston York delphia land
mond Atlanta Chicago Louis apolis City Dallas cisco p/
(In millions of dollars)

+16.1

Unclassif ied changes - net

+11.5

- .6 +

.1

+1-4

-1.1

-3.7

- .9

+ 4.1

+

Net change in commercial and
industrial loans

- 3.0

-5.0 -27.0

-3* 0

-4.0

.8

.4

.8
—

+ 8.7
+ 4.9
- 1.6

+10.8

.7 -2.2

+ 2.6

+ 2.2

+ 8.9

-10.0 -2.0

-1.0

00

+

+ 3.3

+11.0

+13.0

+25.0

+ .2

"

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.
1 / 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.




H.12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE 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

5 weeks
ended
Oct. 30, 1957

4 weeks
5 weeks
ended
ended
Sept. 25, 1957 Oct. 31, 1956
(In millions of dollars)

12 months
ended
Oct. 30, 1957

+125.2
-136.6

+173.8
- 47.5

+289.6
- 76.7

+
+

153.6
12.5

- 49.5
- 21.0
- 76.3

- 42.9
+ 62.2
+ 2.6

- 96.7
+ 51.7
- 45.4

+
+
+

744.2
333.9
122.6

Trade — wholesale and retail

+145.1

+ 61.8

+170.2

+

146.1

Commodity dealers

+ 88.7

- 16.5

+208.4

-

68.6

Sales finance companies

-409.5

+183.7

-304.8

+

439.9

Public utilities (including transportation)

+

+ 32.6

+101.6

+

653.1

Construction

- 36.9

+

.1

- 24.3

-

64.8

All other types of business

- 7li.5

+ 19.9

- 13.6

12.1

Net change in classified loans l/

-459.0

+429.8

+260.0

+2,460.4

Unclassified changes - net

-22k.0

- 45.8

- 57.0

-

Net change in commercial and
industrial loans

-663.O

+384.0

+203.0

+1,855.0

1/ See footnote on preceding table regarding current coverage.




6.3

605.4


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102