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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

October 31# 195&

CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY
Net decreases of $$6 million in loans to manufacturers of metals and
metal products, $27 million to "other" types of business, $26 million to sales
finance companies, $23 million to manufacturers of textiles, apparel, and leather
products, $21 million to manufacturers and producers of petroleum, coal, chemicals,
and rubber products, and $51 million to unclassified borrowers were partly offset
by increases of $34 million in loans to commodity dealers, $28 million to manufacturers of food, liquor, and tobacco products, and $20 million to the wholesale
and retail trade. The net decrease in commercial and industrial loans at weekly
reporting member banks during the week ended October 24 was $138 million.
The decrease in loans to manufacturers of textiles, apparel, and leather
products was the largest weekly decrease in this business category since February
of this year. The decrease in loans to manufacturers and producers of petroleum,
coal, chemicals, and rubber products, followed seven consecutive weekly increases.
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

Week
ended ,
Oct. 24£/

Cumulative since mid-year
June 27, 195b
June 29, 1955
to
.
to
Oct. 24, 1956Oct. 26, 1955
(In millions of dollars)

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining

+
-

28
23
56
21
15

+455
+ 50

+ 283

-4o4
+373
+119

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

+
+
+
-

20
34
26
2
2
27

+174
+492
-509
+151
- 33
+103

+ 284
+ 367
92
15
+ 80

Classified changes - net
Unclassified changes - net

- 87
- 51

+970
-148

+1,417
1/- 112

"Net change in commercial and
industrial loans

-138

4822

1/+1,305

+ 127
9
+ 77
+ 53

+

263

p/ Preliminary; see footnote on attached table.
l/ Prior to 1956, unclassified changes and total net change included changes in
agricultural loans.




CHANGES US COMfi^CIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, OCTOBER 24, 1956

H.12(a)

Buslness 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

San Fran
cisco £/

Minne-

Cleve- Rich
mond
millions
+ 28.2 - 1.2 +13.7
- 22.9 - 6.3 - 7.7

- -3
-2.7

+1.2
- .3

+ .2
+ -3

+2.2
+ .6

+ 1.0
- 4.3

+2.0
- .4

-

• 5 - .1
.6 - .3

- .1
- .2

+10.1
• 1*0

- 56.2 - 4.2 -24.2
- 21.1 - .6 -14.4
- 14.8 - 4.3 + 2.6

- .3
- -3
-1.1

-1.9
— •1
-1.0

-2.0
- .2
- .1

+ .6
+ .2
+ .1

- 8.6
- 3.7
- 4.4

- -3
- .5
-1.2

- 4.0 - .8
• 3 + .8
- .1 - .5

+ .1
-1.9
- .3

-10.6
- •1
- 4.5

+1.0
-1.3

+ .7
+1.1

.9
+ 1.0

+ .8
• .2

+ -3 - .1
+ 1.0 +1.4

--

+1.7

+ 3.2

+5.7

Trade:
Wholesale
Retail

- .3 + 1.1
+ 19.8) + 2.0 +12.1

+2.7

+ .8
+ .9

Commodity dealers

+ 33.8 - 1.4 + 7-0

+ .8

+ .1

Sales finance companies

- 26.3 - 6.0 —14.2

-2.9

- .3

+3-1

+1.4

-16.9

+ .5

Public utilities (including transportation)

+

1.9 + 5-0 -10.7

- .6

42.6

+ .2

+ .1

+1.3

+1.3

—

+ .6

Construction

-

2.2 +

.2 - 2.8

- .3

- •3

- .7

- .8

+

.4

-1.0

—

-1.3

-5.0

+ 9.4

All other types of business

- 26.9 - 1.9 -15.1

-1.4

+ -3

-2.9

+ .2

+ 3.9

+1.1

——

-1.4

-2.1

- 7.6

- 86.7 -19.0

-52-6

-6.4

-41.4

+1.4

-94.0

-5.0

Net change in classified loans l/
Unclassified changes - net
Net change in commercial and
industrial loans

-138.0 -19.0

- 2.1
( - i - 4.7
+2

5

+ .3

+8.1

+ 8.3

- 2.2 + .8

+4.8

+ 5.6

--

- -

+ 2.1

-10.0

p/ Preliminary; final totals will appear in the P. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank