The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) £.12 September 4, 1957 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Net decreases of $87 million in loans to sales finance companies, $72 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $51 million to manufacturers of metals and metal products were the principal factors in the net decrease of $210 million in commercial and industrial loans at weekly reporting member banks during the week ended August 28. Most of the remaining business categories also decreased, and the only classified increases were $19 million in loans to public utilities and $15 million 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 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 . Aug. 282/ Cumulative since mid-year June 26, 1957 June 27, 1956 to , to Aug. 28, 1957^/ Aug. 29, 1956 (In millions of dollars) + 15 - 6 - 51 - 25 + 70 -365 + 15 + 76 -259 - 72 - 7 - 30 + 20 +118 +135 + - 4 11 87 19 1 10 - 12 +195 -269 - 67 + 10 + 48 - 2 +249 - 67 + 24 + 4 +110 Classified changes - net Unclassified changes - net -215 + 5 -425 - 92 +403 - 81 Net change in commercial and industrial loans -210 -517 +322 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 IK COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 28, 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 Dis-# Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas San Frantricts p/ York delphia land mond Louis apolis City Dallas cisco PZ (In millions of dollars) + 14.8 - 5.6 - 51.2 - 72.3 - 6.7 ( C h j. ) '°)0 + - .8 + 3.6 - .2 2.5 .7 - .5 1.6 - 28.2 -4.1 + .4 - 70.7 - .7 - 2.5 + 1.0 +1.0 - - + 1.2 •9 - 1.7 - .6 1.8 + .4 + - -5 +1.7 .1 - .6 +1.1 + .6 + 4.6 - .9 +2.2 - .6 + .7 - + .8 - 8.9 + .2 • • 2 + 3.7 - 2.3 - • 3 + .2 - .3 - •1 + .1 -1.6 + .9 + .7 - .3 - .1 -1.0 - .4 + - + 1.3 + 1.7 - .3 -1.4 ( . J -1.8 (+1'3) - 3.3 — — .4 + .8 + .4 .6 • • 1 - .6 - .4 V am + .2 - .3 -6.6 -4.8 -1.2 not avail- - 1.2 - 13.7 - .3 + 1.7 +1.1 +1.3 - .2 -2.3 - .8 - .1 +3.3 Sales finance companies - 87.3 - 4.7 - 39-3 -3.2 -14.3 -1.3 -3.2 -16.8 -3.2 + .2 -1.4 - .1 Public utilities (including transportation) + 19.0 + 1.7 + 15.4 + -9 + 1.1 + .3 - .3 + 3.8 + .2 -4.1 + .2 - .2 Construction - + - 1.6 - .6 +1.3 + 1.8 + .5 + .4 - .4 -1.1 All other types of business - 9-5 - + 2.3 -2.9 - -5 - .8 - .9 + .2 -1.1 +8.4 Net change in classified loans l/ -214.6 -10.9 -150.3 -6.9 -16.2 -1.7 + .9 -11.0 -6.7 -3.6 -6.8 -1.4 Unclassified changes - net + 4.6 - + .2 - .3 + .1 - 4.0 +1.7 + .6 -1.2 + .4 +9.0 Net change in commercial and industrial loans -210.0 -11.0 -154.0 -5.0 -l6.0 -2.0 +1.0 -15.0 -5.0 -3.0 -1.0 +9.0 .2 - .8 -- 1.2 - 13.4 + .1 - .k 3.7 +1.9 • .6 0 - 11.2 00 Commodity dealers able 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