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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

August 15, 1956.

CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY
Changes in loans were relatively small during the week ended August 8
and the net was a decrease of $9 million in commercial and industrial loans.
Net decreases included $42 million in loans to sale finance companies,
$35 million to manufacturers of metals and metal products, $10 million to public
utilities and $9 million to manufacturers and producers of petroleum, coal,
chemicals, and rubber products. Offsetting increases included $42 million to
commodity dealers, $19 million to manufacturers of textiles, apparel, and leather
products, $16 million to "other" types of business, and $11 million to the construction industry.
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 /
Aug. 8-'

Cumulative since mid-year
June 27, 1956
June 29, 1955
to
/
to
Aug. 8, 195&2/
Aug. 10, 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

+1
+19
-35
- 9

- 80
+56
-170
+35
+ 8i

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

- 5
+42
-42
-10
+11
+l6

- 20
+239
-l80
- 34
- 13
+ 65

Classified changes - net
Unclassified changes - net

-12
+ 3

- 22
- 86

Net change in commercial and
industrial loans

- 9

-107

- 52
+75
- 51
+ 31
+ 44

l/ +253

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




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, AUGUST 8, 1956
Business of Borrower

1 St. jMinne- Kansas
Phila- Cleve- RichSan FranAtlanta Chicago
delphia land mond
Louis 1apolis City Dallas cisco £/
(In millions of dollars)

+ 1.1
+18.9

- .7 + 1.6
+2.1 +11.9

- .5
+1.3

-2.6
- .2

+1-7
+ -7

- -3
+ -9

+5-5
+1.5

-2.0
- -3

-2.5

-1.2
+ .1

+ .2
+ .2

+1.9
+ -7

t 1
1 VO 4r
O 00

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

All Dis- .
New
Boston
tricts 2'
York

+ .7 -23.9
+ .4 -14.8
+ .4 - 3.6

+ .3
+ -3
+ .2

-2.8
+ .6
- .8

- .5

+ .9

- .4

+1.3

-3.8
42.1
+1.2

- .9
- .4

- .4
+ .2
+ .1

-1.3
+1.7
- .2

- .3
-1.4
- .3

—2.6
+2.3
42.1

(•!i-6)

+ .9 - .6
+ .5 + 1-5

- .8
+ -5

+ .5
- .4

+ .5
- .1

+ -7
+ .6

-1.7
-1.1

+1.0
-1.6

- -7
+ .6

- .4
+ .2

Commodity dealers

+41.9

- .4 +25.7

- -5

+3.8

- .1

+1.2

+ .2

+7.0

-1.3

— .2

+4.9

+1.6

Sales finance companies

-42.3

+ .8 -29.7

-3.1

+1.1

-1.5

+2.5

-4.0

-3.6

+ .1

-2.7

-4.1

+1.9

Public utilities (including transportation)

-10.2

+1.1

-15.9

+ .2

- .3

- .1

+ .4

+ -9

- -9

+ .7

•
-

Construction

+10.6

+ .2 + 1.4

- .1

+6.8

+ .3

+ .1

+ .9

+ .3

- .4

+1.0

All other types of business

+16.3

+1.0

+ 3.7

+4.3

- -7

+1.7

+ .4

+2.8

+4.1

- • 1+

Net change in classified loans 1/

-12.1

+7.0

-42.7

+2.1

+5.0

+2.2

+8.7

+4.5

+2.7

Unclassified changes - net

+ 3.1

+2.0

+10.7

-1.1

- .2

+ »3

-1.5

Net change in commercial and
industrial loans

- 9.0

+9-0

-32.0

+1.0

+2.0

+9.0

+3-0

Trade:
Wholesale
Retail

—

+5.0

+ .1

r3-5! -1.3

—

+3-7

- .1

+ .2

.5

+2.0

-3.4

-3.7

-2.5

-2.4

+7.0

+ .3

-1.3

- .5

+ .4

—6.0

+3.0

-5.0

-3.0

-2.0

+1.0

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.
1/ 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 JO per cent of those of all commercial banks.



i

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