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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

October 30, 1957

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Nearly all business categories reported net repayments during the week
ended October 23, and commercial and industrial loans decreased $281 million at
weekly reporting member banks.
The larger classified repayments included $90 million in loans to sales
finance companies, $51 million to "other" types of business, and $42 million to
manufacturers of textiles, apparel, and leather products. The decrease in loans
to manufacturers of textiles, apparel, and leather products was the largest weekly
decrease in this business category since October 1951*
The only substantial offsetting increase was $20 million in loans to
manufacturers of food, liquor, and tobacco 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
.
Oct. 232/

Cumulative since mid-year
June 26, 1957
June 27, 1956
to
.
to
Oct. 23, I957E/
Oct. 24, 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

+ 20
- 42
- 19

+283
- 68
-455

4456
+ 50
-404

+ 3
- 18

+ 11
- 33

+373
+117

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

+ 7
+ 4
- 90
- 13
-15
- 51

+l8l
+246
-494
- 56
- 23
+ 22

+174
+494
-512
+151
- 33
+103

Classified changes - net
Unclassified changes - net

-213
___8j

-387
-^60

+968
-146

Net change in commercial and
industrial loans

-300

-746

+822

p/ Preliminary; see footnote on attached table.




CHANGES IN COMvlERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING JMEKiBEE BANKS
BY INDUSTRY AMD FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, OCTOBER 23, 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
Trade:
Wholesale
Retail

All Districts E

Boston

New
Phila- Cleve- RichSt.
Atlanta Chicago
York |delphia land
mond
Louis
(In millions of dollars)

+ .1

+ 19-5
- 41.5

- 1.0

+ 10.6

- 4.6

- 21.3

+ 2.1
- 1.6

+1.3
-1.7

+ .4

- 19.0

- 1*7

+
-

5*7
5.7

- 1-6
- .4

- .2

- .6

- .9

-

9.2

- 1.8

- .8

+

1.2

- 1.3

.9

- .8
+4.3

+1.3

1-3

.6

+1.5

3-9

+ 3.2
- IT-9

+ 1.7
- 5-5
- 5-3

T

Minne- Kansas
San Fra:
Dallas
apolis City
cisco E

+ 5.0
- 5.3

+ .9
-3.0

-

.3
.4

-2.3
- -5

- .1

- 2.9

- .4
+ .4

-14.4

- 3-2

+

.1

+3-9

.7

-l.l
+1.1
- .2

+
+

-5
.4

+ .7
+ .4

- 3-7
- 3.9

+ -5
+1.5

- .2

+ -7

- 1.1

+5-3

- 2.9

-1.2

+2.4

-

-5

+2.5

-5.9

-1.6

- 9-7

+2.6

- 3.7

-2.8

- .7

+

.2

+ .8

+1.1

+ 2.1

- .1

-5-2

-

-2.5

- 7.2

+ .1

- .8
+ .2

+ 2.8
+

'+

6.8)

-

.2

+ 12.1

Commodity dealers

+

4.2

-

-5

+

Sales finance companies

- 89.8

- 5-5

- 61.3

Public utilities (including transportation)

- 13.1

+ 4.0

-

8.0

- 1.2

+1.1

+ -5

-1.7

-12.6

Construction

- 15.3

-

.1

-

4.1

-

.7

- .4

- -5

- .4

- 1.6

- .4

All other types of business

- 50.5

-

.7

- 27.6

- 2.4

-3.7

-2.2

Net change in classified loans l/

-213.4

-19.4

-106.3

-12.5

+2.2

-6.8

-4.8

-45.6

Unclassified changes - net

- 86.6

- 5.6

- 44.7

- 8.5

-2.2

-2.2

+2.8

- 3-4

-300.0

-23.

-151.0

-21.0

-9-0

-2.0

-49.0

-

.1

-

.2

-1.6
- .2
+ .1

-

.4

-1.0

—

.2

+ .8

Net change in commercial and
industrial loans

+

+ .8

+ .9
- .5

- 1.8

-1.0
+

+8.0

- .6
(

)

+ 1.4

- 1.2

+ .6 (+2.1) - 1.0

.1

.8

-8.2

+1,2

- 8.9

- 4.7
+8.0

-12.3

- .8

-1.2

-18.1

-17.0

-9.0

-27.0

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 9 0 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.