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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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102