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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) September l8, 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Most industrial classifications were represented in the net increase of $227 million in commercial and industrial loans at weekly reporting member banks during the week ended September 11. The principal increases were $85 million in loans to sales finance companies, $46 million to manufacturers of food, liquor, and tobacco products, $34 million to the wholesale and retail trade, and $23 million to manufacturers of aetals and metal products; the latter increase followed ten consecutive weeks of decreases. The only net decrease during the week was in loans to public utilities, amounting to $6 million. 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. lip/ Cumulative since mid-year June 26, 195% June"27, 1956 to to Sept. 11, 1957E/ Sept. 12, 1956 (in millions of dollars) + 46 •f 1 + 23 + 6l + 70 -393 +100 + 97 -281 + + 7 b + 13 + 38 +306 +152 + 34 + 85 - 6 -f 1. + 11 + 28 +182 -i4o - 58 + l4 + 46 + 22 +282 -101 + 56 - 6 +145 Classified changes - net Unclassified changes - net +207 + 20 -140 -114 +771 - 76 Net change in commercial and industrial loans +227 -254 +695 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. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BMKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, SEPTEMBER 11, 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 New All Districts P / Boston Phila- Cleveland St. Richmond Atlanta Chicago Louis (In millions of dollars) + 45.8 + 1.1 - .7 +16.7 +1.2 .8 - 2.2 +1.2 + + .1 .1 + 22.6 + 6.6 + 5.8 + 2.6 + 5.1 + .4 • 9 + 3.3 + .1 + 2.1 +1.0 +1.5 + .4 + .3 + •5 - + 34.3 - 1.1 +7*1 + *7 + * 9 +9.8 +1.2 + .5 + + 2.4 + + - .7 Commodity dealers •3 - + +1.5 - .2 + 7-8 + -5 .2 .2 .2 + .8 + .4 + -5 + 5-7 + 1.3 - 1.4 .6 4- • X + 4.7 + 4.5 + 1.0 +1.7 - .1 -1.7 - .1 + .1 +2.2 .2 + -9 .6 - -5 + .6 - .3 +1.4 + .2 + 1.6 + •5 + M + .1 + 1.0 - .9 + .4 < + 1.8> + .9 - 1.0 + 1.9 —1.6 +2.6 + .8 + + 4.5 + 1.4 - + - lSan FranMinne- Kansas apolis City Dallas cisco £/ .5 + .2 + 1.8 + .6 + 1.2 + 1.4 + 1.6 + .8 - 2.3 — 3*6 .4 .2 +10.6 + .1 .7 Sales finance companies + 85.O + 4.7 +51.5 -4.8 + 8.7 + 1-5 + *9 +15.0 - .9 +2•1 - .1 + .4 + 6.0 Public utilities (including transportation) - + 4.8 -19.O + .3 + 1.9 - .1 + .5 + 1.2 + .2 +1.1 -1.4 + 2.1 + 2.0 Construction + 1.2 + .9 — .6 + .9 + .5 + 1.4 + .6 -1.2 - .1 + - 1.3 All other types of business + 11.4 + 8.4 +1.1 - .7 - 2.3 + 1.0 + .1 + .2 + -9 + 2.1 + 5.5 +3-1 + 9-4 +30.1 + .9 + 1.6 - +4.0 +11.0 +30.0 6.4 —— - 2.0 -2.9 Net change in classified loans l/ +207.4 Unclassified changes - net + 19.6 + 2.1 + 9.k + 3.1 + 2.0 + .4 + 3-3 Net change in commercial and industrial loans +227.0 +12.0 +92.0 +2.0 +19.0 +10.0 +3.0 +40.0 + 4.0 •X .1 2/ Preliminary; final totals will appear~l5"^he FT R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. 1/ 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 veekly reporting member banks and nearly 70 per cent of those of all commercial banks.
@FedFRASER