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BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM
H.I2

-

_ (For Immediate Release)

August 1, 1956

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Changes in loans were mixed during the week ended July 25 > resulting in
a net decrease of $35 million in commercial and industrial loans at weekly reporting member banks.
Decreases included $66 million in loans to sales finance companies, the
third consecutive week in which decreases had been reported for this category,
$l6 million to manufacturers of food, liquor, and tobacco products, and $12 million
to manufacturers of metals and metal products, and $25 million to unclassified
Borrowers. Net increases in loans were reported in only two categories, but one
was $88 million to commodity dealers, the largest weekly increase in this category
sinee the series was started in 1951; and the other was $21 million to manufacturers
or producers of petroleum, coal, chemicals, and rubber products.
Changes in loans during the week and since the year-end 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, & rubber
Other manufacturing and mining

Cumulative since year-end
Dec. 287"1955
Dec. 29," 1954
Week
to
/
to
ended _/
p
July 252/
July 25, 1956
July 27, 1955
(in millions of dollars)
-16
- 1
-12

+21
- 7

- 403
+ 267

+
+
+

605
248
131
331

+1,246
+ 489
+ 444

+ 182

+ 167

+ 176

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

- 8

Classified changes - net
Unclassified changes - net

-25

+

+1,992

22

+1,382
1/ - 279

Net change in commercial and
industrial loans

-35

+2,014

1/ +1,103

- 6

488

-66
- 1
- 2

-10

+
+
+

244
525
339
38
175

+

+ 386
+ 169
+ 208

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




395
552

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 25, 1956

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 DisNew
Phila- Cleve- RichSt. Minne- Kansas
San Fran'
Boston
Atlanta Chicago
tricts £/
York delphia land
mond
Louis apolis City Dallas cisco p/
millions of dollars)
-15.9
- .9

- .8 -13.8
+ .6 - 3-3

- 2.2
+ .7

+1.7
- .4

+2.2

-11.9
+20.7
- 7.0

-1.6 - 1.1
- .4 +26.2
- .5 - 1.7

- .8
- 1.8
+ 1.2

-4.6
- .6
- .9

+ .3

+ .2 - 4.4
- .4
•3

-

•9
.3

(

. J

(" 5 * 5 )

-1.1
- .7

-2.8
+ .4

+1.3
+1.6

-1.1
+ .1

+2.6
+ .3

-2.2
+ •1

+
-

.3
-3

- .3

- .3
+ .3
-2.0

-2.2
+1.9
-1.5

- .2
- .2
- .7

+ .7
- .6
- .1

- .9
-1.3
+ .1

- .3
-1.9
+ .2

-

-9
.9
.8

-1.6
+2.1

- .1
+ .5

+ -7
- .7

- .7
+1.1

- .9
- .8

+ .6

— mm

am •

mm mm

Commodity dealers

487.6

+2.8

+69.4

+ 3.2

- •X

-1.5

+1.4

+5.0

+ .5

+3.8

Sales finance companies

-66.0

-1.2 -44.6

- 2*1

+ .7

-3.4

-1.5

-6.4

-1.5

- #1

Public utilities (including transportation)

-

+ .4

- 4.0

+1.4

+ .2

+ .7

+6.5

-7.3

Construction

- 2.4

- .3 - 1 . 4

+ .1
-

+ .2

- .1

- .5

- .4

All other types of business

- 8.2

+1.6 -11.0

-1.6

- .5

+1.7

+1.7

Net change in classified loans 1/

-10.1

+ .4 +14.0

- 8.5

-2.6

- .5

Unclassified changes - net

-24.9

- .4 -12.0

-1.5

-1.4

Net change in commercial and
industrial loans

-35.0

+ 2.0

-10.0

-4.0

+ »5 (
)
- .9 (" * 3 )

.6

- -

- 2.3
+ 3.4

+4.8

- 1.7

+2.3

-2.4

- 5.8

+ .1

+1.8

- .1

•3

+ .7

- .6

- .6

-1.3

+ 1.8

-1.1

+ .5

+ .8

+ .1

+2.2

— 2.6

-2.0

- •2

-7.0

+3.6

+4.0

-1.2

-10.1

-1.5

-1.0

-1.8

-2.0

-1.6

-3.0

- .8

+ 2.1

-2.0

-3.0

-2.0

-9.0

+2.0

+1.0

-2.0

- 8.0

g/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank.
1 / About 210 weekly reporting member "banks are reporting changes in their larger loans as to industry; these hanks 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