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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.
