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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
E.12
August 22, 1956
(For Immediate Release)
CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Net increases of $76 million in loans to sales finance companies, $44 million to public utilities, and $43 million to "other" types of business were the
principal factors in the $295 million increase in commercial and industrial loans
at weekly reporting member banks during the week ended August 1 5 .
Other increases included $31 million to manufacturers and producers of
petroleum, coal, chemicals, and rubber products. The only business categories to
show net decreases in loans during the week were manufacturers of metals and metal
products, commodity dealers, and 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
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining
Week
ended
,
Aug. 15&/
+
+
+
+
Cumulative since mid-year
June 27, 1956
June 29, 1955
to
to
Aug. 1 5 , 1956.P/
Aug. 17, 1955
("in millions of dollars]-
21
20
7
31
16
- 59
+ 76
-178
+ 66
+96
- 50
+95
- 22
+ 14
+51
Trade--wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business
+ 22
+ 2
+62
- 4
+ 76
+ 44.
- 2
+ 43
+235
-103
+ 10
- 15
+108
+ 76
+170
+ 54
+37
+i4i
Classified changes - net
Unclassified changes - net
+260
+ 35
+238
- 50
+630
1/ -191
Net change in commercial and
industrial loans
+295
+188
1 / +439
l/ Preliminary; see footnote on attached table.
1/ Prior to 1956, unclassified changes and total net change included changes in
agricultural loans.
CHANGES IN COMMERCIAL Alto INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, AUGUST 15, 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
+ 20.5
+ 19.8
7.3
+ 31.4
+ 15.5
(
r
Boston New
Phila- Cleve- RichSt.
Atlanta Chicago
delphia land
mond
Louis
(In millions of dollars)
York
6.0 + 3.7 + 1.2 +2.7
10.2 + 2.3 + .1 +2.0
+ 1.1
+ 4-5
+
+
+ 5*0
+ 19-2
+ 5.3
+1.0
- .5
- .1
- 8.3
+ 4.0
+ 3.4
•1.1
- .2
+ .3
+ .4
+ .1
+ .5
- .5
-l
.0
.5
- .2
-1.2
+ .3
+
2.7
.4
- .8
+ .4
+2.5
+ .6
+ 4.1
2-5
•5.8
+
.4 + 3.6 - .1
+ .9
4.3 + 46.2
+
1.5 + 1.3 -1.8
-l.l
.1 + 3.9
lei
+
1.8
-
+
+
.1
-
.7
- —
+ 8.3
-1.6
- .9
+4.1
+ .1
(
+ 4.8
.2
-
3.7
+ 1.7
+ 5.1
-
)
1.3
+ 6.4
-
.9
- .6
—1.6
-
+11.1
+3.7
+
.7
+3.7
+3.1
+ 3.6
+1.2
-
.7
+2.1
- .1
-
.4
.9
+ .6
+ .2
+ .1
+
-
3-5
-
.4
+1.2
+ 9.5
+ 76.3
+
Public utilities (including transportation)
+ 43.7
+
•9
+ 38,6
-
.1
+
4.3
+
.4
- .1
Construction
-
-
.2
+
.3
+
.4 +
.7
+
.7
-
-
All other types of business
+ 42.9
+ 2.8
4
21.1
+ 4.1
—
Net change in classified loans l/
+259.8
+18.4
+152.5
+ 9.8
+13.8
Unclassified changes - net
+ 35-2
+ 3-6
+ 17.5
+ 1.2
Net change in commercial and
industrial loans
+295.0
+22.0
+170.0
+11.0
CVJ
-3.7
Sales finance companies
.7 +1.8
- .1
- -
+ 3.6
-
.3
- -
- -5
— —
-
Commodity dealers
1.5
.4
+ .2
-
+1.1
1
3.7
+ 2.0
+ 1.2
-1 • 1
-
.2
+ 1.5
22.2^
+ .1
.5 + 2.3 - .3
-.5 + 1.4
1.2 + .4 + .2
.9
-
V
+
Minne- Kansas
San FranDallas
apolis City
cisco £/
-=h
Trade:
Wholesale
Retail
All Districts P/
.1
(
-
)
.4
1.3
-2.5
+ 5.0
+1.1
-
+5.2
- .8
+31.1
+3.0
-2.0
+2.5
+5-6
+20.7
+ 1.2
+3.8
-1.2
+ 3.9
-1.0
+1.0
- .5
-1.6
+ 7-3
+15.0
+9.0
-2.0
+35.0
+2.0
-1.0
+2.0
+4.0
+28.0
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.
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.
@FedFRASER