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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

October 9 t 1957

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
During the week ended October 2, the net decrease in commercial and
industrial loans at weekly reporting member banks amounted to $82 million. The
principal net decreases were $32 million in loans to "other" manufacturing concerns, $26 million to manufacturers of metals and metal products, and $ l . mil>w
lion to unclassified borrowers. Offsetting net increases included. $29 million
in loans to public utilities and $26 million to manufacturers of food, liquor,
and tobacco products.
Changes in loans during the week and since mid-year are shown belowj
the third column shows the changes during the comparable period last year.

Business of Borrower
Manufacturing and miningi
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

Week
ended .
Oct. 2£/

Cumulative since mid-year
June 26, 1957
""June 27, 1956
to
,
to
Oct. 2, 1 9 5 W
Oct. 3, 1956
(In millions of dollars)

+26
- 8
-26

+188
*15
-U35

+ 29b
+
92
- 290

-16
-32

+ 18
- 10

+
+

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

+17
+12
-12
+29
-18
-10

+ 67
+192
-105
- 5
- 3
+ 53

+
68
+ 371
- 221
+ 129
12
+ 11*3

Classified changes - net
Unclassified changes - net

-38

- 25
-187

+1,086
- ioU

-82

-212

+

Net change in commercial and
industrial loans

361
151

982

p/ Preliminary; see footnote on attached table.
In addition to the weekly table, a monthly table is attached showing
changes during September compared with the preceding month and with September 1956
and also showing changes during the past twelve months.
All industrial classifications except loans to manufacturers of textiles
apparel, and leather products, manufacturers of metals and metal products, and to
commodity dealers increased their borrowings in September; the textile decrease
followed three months of increases while this was t | third consecutive monthly
h>
1
decrease in the metals category.
The net decrease in loans to commodity dealers, although only $17 million, was the first decrease during a September since the series was started in
1951• Loans to manufacturers of food, liquor, and tobacco products, usually
having a seasonal pattern similar to commodity dealers, showed a large increase.
The principal increase in September was in loans to sales finance companies, in
contrast to September 1956 when it was one of only two business categories reporting a net decrease in loans.



CHANGES IN COMMERCIAL AND INDUSTRIAL "LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, OCTOBER 2, 1957

H.12(a)

San Fran1 St. Minne-jKansas
Phila- Cleve- RichAll Dis- 1
T New
i
j
.
mond AtlantaI Chicago Louis apolis| City Dallas|cisco P /
tricts P ' Boston| York delphia land
. |
(In millions of dollars)

Business of Borrower
Manufacturing and mining:

"

+25.8
- 7.5

+ .8
+3.7

+ 9.1 - .4
- 2.9 - .9

- *7 + .2
- *8 -2.1

+ .7
-1.3

+ 5-3 +1.0
- 1.9 -1.3

+ .7
- .2

-26.0
-15.5
-32.4-

-1.3
+ .9
+ .2

-15.4 +2.2
-23.5
-23.9 -1.8

+3.0

+ .1
+1.1 - .1
-1.8 -1.3

+ .1
- .2
- .1

-11.8 - .9
+ 5-3 - .9
- 1.8 + .2

( J
(+x7.3)

-2.0
- .4

+ 7.8 + .4
+ 9.5 - .7

+ .5
+ .2

+ .6
- •1

Commodity dealers

+11.6

-3.6

+ 9.0 - .9

+1.1 +1.2

Sales finance companies

-12.3

+1.0

+25.O

-2.1

-2.2

Public utilities (including transportation)

+28.9

+3.7

+23.01 - .7

Construction

-17.9

+ .9

- 6.3• - .9

All other types of business

-10.3

-2.1

-

Met change in classified loans l/

-38.3

+1.8

Unclassified changes - net

-43.7

Net change in commercial and industrial j
loans
]

-82.0

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
*

+ .6
- .4

+ .2
+2.5
+ .5

- . .4
- 1.9
- .2

+ .6 +1.9
- 3-2 -1.4

- .6
+1.1

+ .2
+ .6 (-

-1.3

+ 1.5 +4.1

-1.1

+ .1

+2.6

-27.2 -1.5

+1.0

+ .7

- .7

+

- .2

-1.6

- .1

- 6.3

+1.6

+2.4

+11.1. -6.8

+2.8

- •X

-4.8

-22.1. -2.2

-3.0

-11.0

-

;

- .5

-9.0

- *1

(

.5
.3

J

+8.6

+ .6
-1.7
+1.2

-2.0

.2)

+3.8
-1.6

- .1

CO

Trade:
Wholesale
Retail

- .1

+
-

- —

+ .9

+1.4

+2.4

- 5.2

-6.6

.6 +3.3

- ,2

- .5

-

.1

-1.2

- .2

- .5

-1.4

-

.9

- .4

- .1

- 3.0 - .3

-1.0

+ .8

- 2.3

-5.5

+ .1

-41.9 +4.0

- .3

+5.1

-10.2

-3.9

-3.8 - .9

-1.1

- 5-1 +1.0

-1.7

- .1

-

.8

-2.1

-1.0 -1.0

-1.0

-47.0 +5.0

-2.0

+5.0

-11.0

-6.0

- .1
+ .4

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 and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.




S

*
•

I

*

t
-

V

;

i

..
.

|

»

H.12(b)

CHANGES IN COMMERCIAL AND1 IimUSTRlMi- 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

4 weeks
4 weeks
4 weeks
ended
ended
ended
j
Sept. 26, 1956
See*. 2^.1951... Aug. 28, 1957_
(In millions of dollars)

12 months
ended
Sept. 25, 1957

+173-8
- 47.5

+ 70,9
+ 49.7

+196.0
+ 16.2

+
+

318.0
72.4

- 42.9
+ 62.2
+ 2.6

-138.3
- 1.2
+ 10.8

+ 16.3
+227.2
+ 19*8

+
+
+

697.0
4o6.6
153.5

Trade — wholesale and retail

+ 6l,8

+ 29.2

+ 57.2

+

171.2

Commodity dealers

- 16.5

+155.7

+ 80.5

+

51,1

Sales finance companies

+183.7

+

3-8

-107.0

+

544.6

Public utilities (including transportation)

+ 32.6

+ 17.2

+ 56.6

+

748.4

Construction

+

+

5.4

- 14.9

All other types of business

+ 19.9

+ 45.8

+ 26.9

+

Net change in classified loans 1/

+429.8

+249.0

+574.8

+3,159.4

Unclassified changes - net

- 45.8

+ 24.0

- 39.8

-

Net change in commercial and
industrial loans

+384.0

+273.0

+535.0

+2,721.0

1/ See footnote on preceding table regarding current coverage.




.1

52.2
48.8

438.4