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EOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12
(For Immediate Release)
September 25, 1957
CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Most industrial classifications were represented in the net increase of
$320 million in commercial and industrial loans at weekly reporting member banks
during the week ended September 18, which included quarterly tax date borrowing.
The principal net increases were $128 million in loans to sales finance
companies, $70 million to manufacturers of metals and metal products, $55 million
to manufacturers of food, liquor, and tobacco products, and $25 million to the
wholesale and retail trade. There was a net decrease of $21 million in loans to
manufacturers of textiles, apparel, and leather 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
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining
Trade --whole sale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
All other types of business
Classified changes - net
Unclassified changes - net
Net change in commercial and
industrial loans
__ Cumulative since mid-year
Week
June 2E, 1957
" June" 27, 195&
ended
,
to
.
to
Sept. 18£'
Sept. 1 8 , 1957-'
Sept. 19, 195&
~
(In millions of dollarsj
+ 55
- 21
+ 70
+ 15
+
6
+ 25
+144
+104
-238
+325
+ 27
+ 44
+161
+ 54
+ 51
5
+128
+178
- 6
+ 4
+ 9
+ 10
- 52
+ 22
+ 56
-
+307
- 94
+ 42
- 10
+151
+297
+168
+ 23
-101
+941
-110
+320
+ 67
+831
p/ Preliminary; see footnote on attached table.
+121
+ 50
-327
H.12(a)
CHANGES IN C01/MERC1AL AND INDUSTRIAL LOANS OF A SAKPLE OF WEEKLY REPORTING KEliBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 18, 1957
Business of Borrower
Trade:
Wholesale
Retail
New
York
St.
Phila- Cleve- Richmond Atlanta Chicago Louis
delphia land
(In millions of dollars)
+ 54.9
- 20.6
+ 1.1
- .8
+ 17.1
- 14.4
+ 4.3
+ 1.4
- .6
+ 2.1
+ -5
+ 69.9
+ 14.7
+ 6.1
+ 5.8
+ 42.6
+ 13-7
+ 11.9
+ 2.6
+ 1.1
+ 1.2
+10.2
-
+ 1.4
- .3
+ 4.9
+
+
7-3
3.1
+
+
- -5
- 1.2
- 1.5
+ 1.3
+
+
.4
-
.5
(+ 24.9)
.1
.2
.1
.2
.4
.1
+ .7
-1.6
—
- 1.3
+2.2
- .4
+14.5
+ 2.3
- 2.9
+1.4
- .1
+ .4
- .5
-
.9
•3
+ 9.0
- 1.0
+ 3.6
- 4.2
- 2.2
- .4
- .1
+2.5
- .3
+ .4
+ -5
+ .2
+ 4.4
+ .9
+ 5-0
- 2.3
+ 1.1
- 5.5
-
.8
- .1
+3-3
- 2.1
+ 5.0
+
+
.1
.2
+ .1
+ .4
- .7
+1.8
+ 1.0
+ .8
+
.1
- 5.0
- .1
- .6
- l.l
-
.4
- -
— —
(
("
J
*2)
+ 2.6
+ .6
Commodity dealers
-
Sales finance companies
+128.2
+ 7.9
+ 50.2
+14.2
+10.9
+ 1.9
+2.0
+20.0
- 1.0
+2.9
+2.9
+ 7.5
+
5-2
-
-
San FranMinne- Kansas
apolis City Dallas cisco p/
CO
CO
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
All Districts P/ Boston
Public utilities (including transportation)
+
4.2
- 1.0
- 21.7
.6
+ 9.9
+ 1.8
+1.8
+ 7-9
- 1.3
- .9
+ .3
+
+ 7.3
Construction
+
9.4
+ 2.8
-
«2
.8
+
+
.6
+ .4
+ 2.8
- 1.1
+ .6
+ .1
+ 2.3
-
.4
All other types of business
+ 10.4
- 1.1
+
6.5
- 3.1
+ 1-7
+ 1.2
- .8
+
+1.0
+ .2
+ 3.6
+
.9
Net change in classified loans 1/
+296.9
+20.8
+116.5
+21.0
+30.7
+ 8.8
48.3
+42.4
-12.1
+7.7
+4.5
+17.1
+31.2
Unclassified changes - net
+ 23.1
- 2.8
-
- 2.0
- 2.7
+ 1.2
- .3
+
+
.1
-2.7
+ -5
-
.1
+35-8
Net change in commercial and
industrial loans
+320.0
+18.0
+112.c1 +19-0
+28.0
+10.0
+8.0
+43.0
-12.0
+5.0
+5.0
+17.0
+67.0
4.5
+
.7
.3
.6
— —
-7
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.
@FedFRASER