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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

April 11, 195^

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $188 million in loans to public utilities was the
principal factor in the $l6l million decrease in commercial and industrial loans at
weekly reporting member banks during the week ended April 4.
Other decreases included $31 million to manufacturers of food, liquor,
and tobacco products, $17 million to commodity dealers, $15 million to "other"
types of business, and $13 million to manufacturers of metals and metal products.
Offsetting increases included $64 million to manufacturers and producers of
petroleum, coal, chemicals, and rubber products and $29 million to sales finance
companies.
The increase in loans to manufacturers and producers of petroleum, coal,
chemicals, and rubber products was the largest weekly increase in this category
since Aprill 1955. The decrease in loans to public utilities was the largest
weekly decrease in this classification since the series was inaugurated in 1951*
The decrease in loans to manufacturers of metals and metal products followed
twelve consecutive weekly increases.
Changes in loans during the week and since the year-end are shown below;
the third column shows the changes during the comparative period last year:

Business of Borrower

Week
ended /
Apr. 4—^

Cumulative since year-end
Dec. 28, 1955
Dec. 29, 195%
to
/
to
Apr. 4, 195^
Apr. 6, 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

+
+
+

31
8
13
64
3

-222
+146
+813
+268
+217

-319
+191
+ 94
+186
+ 52

Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

+ 6
- 17
+ 29
-188
+ 2
- 15

+102
-119
-292
+117
- 28
- 34

- 3
-300
+172
+ 84
+ 6
+ 18

Classified changes - net
Unclassified changes - net

-152
- 9

+967
- 8

+181
1/-154

Net change in commercial and
industrial loans

-l6l

+959

l/+ 26

p/ Preliminary; see footnote on attached table.
l/ Prior to 1956, unclassified changes and total net change included changes in
agricultural loans.
In addition to the weekly table, a monthly table is attached showing
changes during March compared with the preceding month and with March 1955; aQ d
also showing changes during the past twelve months.
All industrial classifications except commodity dealers increased borrowings in March. The increases in loans to manufacturers and producers of petroleum,
coal, chemicals, and rubber products and to "other" manufacturing and mining were
the largest monthly increases in these business categories since this series was
started; and the increase in loans to manufacturers of metals and metal products
was the largest since January 1952. The net decrease in loans to commodity dealers
was FRASER
Digitized forthe largest monthly decrease in this classification since last April,


H.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, APRIL 4, 1956
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 DisSt. Minne- Kansas
Phila- Cleve- RichBoston
Atlanta Chicago
tricts P /
York delphia land mond
Louis apolis City
(In millions of dollars)
-31.3
+ 7.9

-1.8 -17.6
+ .5 + 8 . 9

- 1.5
+ .2

+

.5
.5

- 1.7
+ .3

- 1.2

-13.0
+64.1
+ 2.9

-1.5 -15.6
+ .2 +37.2
+ .1 + 1.5

+ 1.1
.2

+ 3.9
+21.7
+ 2.6

- .1
- .5
- 1.1

.2 - . 6
.8 - 2.8

- .3
+ 1.3

+
+

(. c Q)
( + 5*9)

+ .4 - 2.4 +

- -

-

.8
.8

— (. ? 0) + 2-3
+ 2 . 1 ( 2 - 8 ) + 3.0

- 1.1

-

.5

- 1.7

- 2.8

+

+ 8.5

+ 2.6

+ 4.0

+

.2

+ 3.8

+16.0

+ 3.3 +

.1

-

.9

-

.1

- 9.7

.2

- 1.7

.7

- 1.8

.9

+

-

.1

+

.7

+

.3

.5

+ 5.6

- 3.7 + 1 . 3

+

•5

.8 - 3 . 3

+ 1.4

+15.1

-

.7

+ 1.3

+

.9

+ 7.0

+4l. 1

- 7.1

+ 8.2

+ 1.0

-15.3

+ 8.1

- 1.1

-

- 4.2

+ 1.0

+ 2.3

+22.9

+40.0

- 8.0 + 4 . 0 + 2 . 0

-13.0

+31.0

-15.0

+

.9 - 3 1 . 5

+ 2.6

+

-14.2 -227.9

+13.6

+37.3

- 3.9

- 1.8

-21.1

+ 1.4

- 3.3

- 4.1

-16.0 - 2 4 9 . 0

+15.0

+34.0

- 8.0

-161.0

.4

+
+

.6 -

All other types of business

Net change in commercial and
industrial loans

-

-

.1

- .7
+ 1.9
+ .4

+

.7 -

- 8.9

.4

- 2.8
- 3.9
- 2.0

.6

+

Unclassified changes - net

+

.1
.1
.3

-

+ 2.3

-152.1

- 2.5
+ 1.1

+
+

+ 1.9

- 1.1

Construction

Net change in classified loans l/

+ 2.2
+ 1.5

.2
.5

+ 1.9

- 6.0 -25.6 +14.1

.6

+
+

- 2.7
+ -5

+ 1.9

+28.6

- 5.2 - 1 7 6 . 7

- .7
- .2
- 1.1

- 2.5
- 1.3

+.7.2

Sales finance companies

-187.9

+ 2.6
+ 6.3
+ 1.4

.6
.2

+

-

Public utilities (including transportation)

+ .5
+ 1.0
+ 1.0

+

.3
— —

- 1.1

-16.6

- 8.5

- 3.5
- 2.4

I San FraniCisco E/

"

Commodity dealers

.1

.7
.1

+ 2.6
+ .5

— —

Dallas

--

+ 7.0

.3

.9

-

.6

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•




H.12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

Business of Borrower

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
Trade — wholesale and retail

4 weeks
ended
Mar. 28, 1956

5 weeks
5 weeks
ended
ended
Feb. 29, 1956 Mar. 30, 1955
(In millions of dollars)

12 months
ended
Mar. 28, 1956

+
+

42.7
84.1

-120.3
+ 48.1

- 42.2
+ 73.0

+
+

+
+
+

509.6
111.2
145.1

+249.8
+ 45.2
+ 59-3

+ 80.1
+ 86.5
+ 49.2

+1,111.2
+ 530.1
+ 386.7

+

IO6.9

+ 56.6

+ 91-1

+

579-9

72.6

+ 8.2

-131.9

+

165.5

Commodity dealers

27.8
237.0

Sales finance companies

+

157.5

-257.2

+ 97.5

+ 867.2

Public utilities (including transportation)

+

226.2

+ 13.0

+126.1

+ 609.2

Construction

+

2.9

- 29.1

-

9.1

+

206.0

All other types of business

+

60.4

+

1.7

+ 49.3

+

482.3

Net change in classified loans l/

+1,374.0

+ 75-3

+469.6

+5,202.9

Unclassified changes - net

+

96.0

+ 44.7

+ 19.4

-

Net change in commercial and
industrial loans

+1,470.0

+120.0

+489.0

+4,912.0

290.9

Loans reclassified on October 5

+

Total

+5,230.0

l/ See footnotes on preceding tables regarding coverage.



318.0