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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) November 27, 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY During the week ended November 20 the net decrease in commercial and industrial loans at weekly reporting member banks amounted to $3*1- million. The principal net decreases were $34 million in loans to sales finance companies, $32 million to "other" types of business, and $27 million to public utilities. Offsetting net increases included $33 million to manufacturers of food, liquor, and tobacco products and $14 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 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 . Nov. 20E/ Cumulative since mid-year June 2b, 1957 June 27, 195& to . to Nov. 20, 1957—' Nov. 21, 1956 (in millions of dollars} +33 - 3 + 9 +362 -118 -48l + + - 644 15 231 +14 - 5 + 45 - 80 + + 483 88 Trade—wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction All other types of business - 2 + 9 -34 -27 -32 +239 +328 -591 - 46 - 25 - 28 + 296 + 613 - 474 + 204 37 + 160 Classified changes - net Unclassified changes - net -39 ±JL -394 -351 +l,76l - 177 Net change in commercial and industrial loans -34 -744 +1,584 - - p/ Preliminary; see footnote on attached table. E.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY NOVEMBER 20, 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 Minne- Kansas San FranSt. Phila- Cleve- RichNew All Dismond Atlanta Chicago Louis apolis City Dallas cisco p/ tricts P / Boston York delphia land (in millions of dollars) +33.1 - 3.2 + 1.0 - 4.5 +12.0 + 1.4 +1.1 —1.0 -1.4 - .8 + 2.6 + .7 — .1 - .2 + 6.8 - 1.2 + 3-1 - .4 + 2.7 + ,5 + .1 + 8.5 +14.2 - 5-4 - .1 + 1.1 - 1.2 +24.0 + 8.4 - 6.3 -2.2 - 3 . 2 + .2 +1.6 + .2 - . 2 + + .1 .2 .5 + .2 +1.1 + «5 - 8.0 — .7 - .2 - .1 .4 + . 1 + .2 + .8 + .4 - .2 + .1 + 3.1 - 4.4 + 6.7 + .1 -1.9 -1.5 +3.4 + 1.4 + .7 + .4 - .6 + 1.8 + .1 - .2 + 1.5 +2.2 + .6 + .4 r - -3 - .1 + 7.8 + .1 + .1 - .5 - 2.8 + 2.1 + 1.8 - 1.2 -19.8 Commodity dealers + 8.7 - 2.2 - 1.0 - .4 + .4 + 1.2 + .8 - 2.9 + 1.4 +2.6 +1.6 +6.4 + Sales finance companies -34.1 - 1.3 -28.9 +7.2 —6.9 + 5-2 -1.7 - 3-5 + 5.0 -1.7 -2.0 -3.7 - 1.8 Public utilities (including transportation) -26.9 - 7-3 -26.4 +1.8 + «5 + 1-5 +1.3 + 2.4 + .3 - .2 + -3 -1.8 + Construction - .1 + .6 + 2.2 + .4 +1.5 -7 + .1 + .4 + .4 - .6 - .8 -2.2 - 1.4 All other types of business -32.2 + .3 -45.3 +1.8 - .3 + 2.6 +1.6 + 3-5 + .7 + .4 -1.5 + 4.0 Net change in classified loans 1/ -39-0 -10.4 -57-6 +7.3 -6.9 +15.1 +4.7 - 2.2 +14.7 +2.0 +2.1 +1.9 - 9.7 Unclassified changes - net + 5.0 - 1.6 -29.4 +1.7 -l.l - 2.1 + .3 + 5.2 + .3 -2.0 -1.1 +2.1 +32.7 Net change in commercial and industrial loans -34.0 -12.0 -87.O +9.0 -8.0 +13.0 +5.0 + 3.0 +15.0 +1.0 +4.0 +23.0 - — — - - .8 .7 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. 1J About 210 weekly reporting aietnb&r 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.
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