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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

October 2, 1957

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $87 million in loans to manufacturers of metals and metal
products and $80 million to sales finance companies were the principal factors in
the net decrease of $203 million in commercial and industrial loans at weekly reporting member banks during the week ended September 25.
Most of the other business categories also decreased, and the principal
offsetting increases were $l6 million in loans to public utilities and $15 million
to manufacturers of food, liquor, and tobacco products. The net decrease in loans
to manufacturers of metals and metal products was the largest weekly decrease in
this business category since May 1956.
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
Sept. 25P/

Cumulative since mid-year
June 26, 1957
June 27, 1956
to
to
Sept. 25, 1957S/
Sept. 26, 1956
(In millions of dollars)

+ 15
- 26
- 87

+148
+23
-409

+211
+93
-243

+10
- 24

+36
+22

+345
+155

- 5
-- 80
+ l6
- 10
+ 3

+47
+179
- 79
- 28
+15
+ 64

+55
+330
-174
+ 8l
- 11
+136

Classified changes - net
Unclassified changes - net

-189
- 14

+ 19
-156

+977
-120

Net change in commercial and
industrial loans

-203

-137

+857

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.




jj 12(a)

CHARGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY RETORTING MEtiBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 25, 1957
Business of Borrower

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including
machinery 8 transportation equipment)
c
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
Trade:
Wholesale
Retail

San FranSt. [Minne- Kansas
Phila- Cleve-| RichNew
All DisChicago Louis 1apolis City Dallas cisco P/
tricts P / Boston York delphia land 1 mond Atlanta
(In millions of dollars)
1 4 . 7

+
-

2 6 . 2

- 87.2

-

. 1

+

7 - 9

5 - 7

-

1 0 . 7

-

-

2 . 2

-

5 6 . 2

- 1.6

1 0 . 0

+

. 9

+

9 . 5

-

2 4 . 0

-

2 . 2

-

l 4 . l

+
-

.1
1 * 2

. 2

+

. 1

-

. 3
5 - 0

+ 1 - 5

+

. 3

-

• 3

-

. 6

-

. 1

-

. 2

+ .1
- .1

-

.5

-

+

. 9

-10.4

- 1 . 1

+

.5

- .6

+ .1

-

. 2

-

. 1

-

. 4

-

-

-

2 . 4

+

. 5

+

. 6

- .4
- .4
+ .2

- .8

+1.7

• 2

- 7

-1.1

+ 3 - 8
- 1 . 3

- 1 . 5
-

" 9

- 2 . 3

+
+

.3
.1

+ .1
+1.0

-

« 3

- 1.1

+ 2 . 0

+

. 3

+

. 4

-

-

+

- 7

.1
- . 4 (+ "7)

3.2

-

.1

+

.1

+ .5

+

. 7

- 2.1

-1.2

+

- 5

- .5

*2.6

+1.3

2 . 8

- 67.0

-

+ 4.0

-2.9

- 4 . 4

+

-1.7

-1.4

- .9

- .8

-

1 . 4

+15.9

-16.6

+ 1.6

- .9

+ 2 . 3

+ 1 5 . 0

+2.2

+

+ .5

-

'1

- 2 . 7

-

.2

- 1.4

-1.0

-

-

3 . 3

-

-1.0

- .4

-

.5

-1.2

+

.1

- 2.0

-1.6

- -5

+

3 . 8

4.3

+

. 3

+

- 80.3

-

Public utilities (including transportation)

+ 15.6

-

Construction

-

9.6

- 1.6 + 1 . 7

All other types of business

+

2 . 7

+

Sales finance companies

- 1 4 . 7

-

. 6

.5

2 . 0

+

.1

- 1.2

.8

+

. 7

—

. 6

+

. 7

-

. 9

-

- 5

+

Commodity dealers

+

1 . 0

+

-

-

*-5)

.2

-

+

(-

+

. 9

-

5.9

5 . 5

. 4

2 . 2

3 - 8

. 3

. 3

— —

. 4

-

- 6 . 0
-

. 9

- 7

+

. 3

+1.1

+2.0

+4.5

+

. 7

-2.0

- 3 . 6

- 7 . 9

Net change in classified loans 1/

-188.7

- 1 3 . 8

-113.4

-26.4

- 1 3 . 0

-5.0

- .8

- 4.4

+

Unclassified changes - net

-

- 1.2

-

5.6

- 3.6

- 1.0

+2.0

- .2

- 7.6

+1.1

- 2 . 7

-2.0

+ .6

+ 5 - 9

- 1 5 . 0

-119.0

-30.0

- i 4 . o

-3.0

-1.0

- 1 2 . 0

+ 2 . 0

-2.0

- 4 . 0

- 3 . 0

- 2 . 0

Net change in commercial and
industrial loans

1 4 . 3

-203.0

. 9

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,
l/ 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 snd industrial loans of all weekly reporting member banks and nearj_y 70 per cent of those of all commercial bantts.