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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H. 12

August 29, 1956

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net increases of $79 million in loans to manufacturers and producers of
petroleum, coal, chemicals, and rubber products, $31 million each to manufacturers
of food, liquor, and tobacco products and to "other" manufacturing and mining, $29
million to sales finance companies, and $20 million to public utilities were the
principal factors in the $147 million increase' in commercial and industrial loans at
weekly reporting member banks during the week ended August 22. Partially offsetting
decreases included $58 million in loans to manufacturers of metals and metal
products and $11 million to the wholesale and retail trade.
Loans to manufacturers of metals and metal products decreased for the
eighth consecutive week; the current decrease was the largest weekly decline in
this business category since the last week in May and was reflected in all but
three districts.
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
Trade—wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

Cumulative since mid-year
June 27, 1956
June 29, 1955
Week
to
.
to
ended _/
Aug. 22*-' Aug. 22, 19562/
Aug. 24, 1955
(in millions of dollars)
+ 31
+ 4
-

58

+ 79
+ 31

11
+ 7
+ 29
+ 20
+ 9

- 27
+ 79
-237
+146

- 24
+105
- 25
+ 24

+127

+ 52

- 13
+249
- 75
+ 31
- 6

+ 70
+ 83

+180
+ 66

2

+108

+ 36
+165

Classified changes - net
Unclassified changes - net

+140
+ 7

+382
- 47

1/-181

Net change in commercial and
industrial loans

+147

+335

1/+549

•

+730

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




CHANGES IN COMMERCIAL AND INDUSTRIAL LOAES OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, AUGUST 22, 1956

H.12(a)

Business of Borrower

All Districts Pz Boston

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

New
York

St.
Phila- Cleve- Richdelphia land
mond Atlanta Chicago Louis
(In millions of do Tars)

30.7
4.3

+
+

7-0
4.4

+ .5
- .3

57.7
79.4
30.8

Trade:
Wholesale
Retail

+ .2
- -5
-2.9
+2.5

27.2
+ 52.8
+ 22.0

-2.0

10 5

- .1

•

+ 1.2

+ .1

+2.0
- -7

+ 1.0

-1.8

+ 2.7 -1.2
+ .6 + .3

+ .1

- -

+1.4
+ •1

+ .1
- .1
- .2

- .7
+ .4
- *7

-22.0
+ 8.2
-5

+2.3
+ «5

.7 -1.3
.3 + >5

+ .7

- 1.9

- -5

- 1.6 + -I (
+ l.l

- .4

(-l.Oj

+ 1.0 +1.3

+2.9

+3.7
+ .2

- .8

-

.5

-6.9

+ 5.4

-1.3

-3.0

-

-

.3

•

2.8

+ 3.4
+ 8.6

- .7

- 2.1 -l.i + 5*4 -1.6 +

- ) - .2

+ 6.9

Minne- Kansas
San Franapolis City- Dallas cisco Pz

- .2

+

+

.3

+ 2.2

- .1

+ .3

- —

+ •1

—

+ .4

+
+

+2.0
+3.7
+1.3

6.6
.4
1.9

+ 2.4
-

1.2

- 1.6
- 5.8

Commodity dealers

+ 6.8

-1.6

+ 14.0

Sales finance companies

+ 28.7

+5-7

+ 16.6

+3 *3 + 6.5

+ .9

+1.6

- 1.2

+1.3

- 1.6 + .3

-3.1

- 1.6

Public utilities (including transportation)

+ 20.1

+1.2

+ 21.1

-1.1 + 1.5

+1.2

- .2

- 2.4

+1.4

- .1

- .1

- 2.4

Construction

+

9.2

+ .4

+ 1.2

+ .3 +

+ .1

+1.2

+ 7-2

- .1

+ .8 - .8

- .8

- .8

All other types of business

- 2.2

+ -5

— 9*1

+3.8

+ 2.1

+.8

- .1

+ 3.9

-3.3

+

.7

8

zIlL

+ 4.8

Net change in classified loans l/

+139.6

+4.5

+106.1

A.7

+21.3

+7-2

+2.7

+1.2

-7.9

+9.1

-3.4

-4.0

- 1.9

Unclassified changes - net

+

-1.5

-

.1 + .3

- 5-3

-2.2

+ .3

+ 1.8

- .1

+ 1.9 - .6

—l.o

413.9

Net change in commercial and
industrial loans

+147.0 j +3.0

+16.O

+5.0

+3.0

+ 3.0

-8.0

•5.0

+12.0

7.4

+106.0

+5.0

«5

+11.0

-4.0

.8

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.