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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) February 1, 1956 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Most industrial classifications participated in the decrease of $114 million in commercial and industrial loans at weekly reporting member banks during the week ended January 25• The only substantial offsetting increase was $15 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products. The principal decreases during the week were $38 million in loans to sales finance companies, $20 million to manufacturers of food, liquor, and tobacco products, $17 million to "other" types of business, and $36 million to unclassified borrowers. Changes in loans during the week and since the mid-year are shown below; the third column shows the changes during the comparable period last year: Business of Borrower Week ended Jan. 25^' Cumulative since mid-year June 29, 1955 June 30, 1954 to to Jan. 25, 19562/ Jan. 26, 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 - 20 - 1 + 6 + 15 - 1 + + Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + + 369 77 292 287 73 +380 + 3 -542 + 87 - 72 - 7 - 13 - 38 + 1. ~ k - 17 + + + + + + 262 427 490 63 103 284 + 4 +457 + 37 -235 + 85 + 52 Classified changes - net Unclassified changes - net l/ - 78 - 36 +2,725 337 +258 -148 Net change in commercial and industrial loans l/ Loans reclassified on October 5 -114 +2,388 + 318 +110 Total 4- +2,706 p/ Preliminary; see footnote on attached table, l/ Prior to the week ended January 11, 1956, unclassified changes and total net change include changes in agricultural loans, which are now reported separately. 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, JANUARY 25, 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 Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San FranNew All DisBoston cisco P / Louis apolis City mond tricts P/ York delphia land (In millions of dollars) ( R 7 7 V X - ) - 1.1 - .1 - 3.4 - 2.4 + 1.3 - 1.9 .4 + 2.5 - All other types of business -16.8 - 1.6 -13.7 + 1.0 - Net change in classified loans 1/ -78.1 - 6.9 + 3.7 - .2 - 4.6 - 5.9 Unclassified changes - net -35.9 -11.1 -10.7 - *8 - - 2.1 -114.0 -18.0 - 7.0 - 1*0 Net change in commercial and industrial loans + .3 - .8 + 3.0 .8 - - 3.9 - - •1 Construction + .2 .8 .3 - - - L.L + + - 1.0 - 1.4 + 2.4 - .6 .1 + 1.4 - 1.7 -34.6 - .5 - 1.4 Public utilities (including transportation) - 2.0 - 1.9 .2 *3 - - 4.0 - 4.6 + + + 9.1 - 1.8 - 3.0 - *7 + 2 . 1 + 1.0 - .8 .7 .1 .9 .2 - + + 1,0 - .9 + -37.8 - 1.7 .2 .2 .8 Sales finance companies + + + - - 1.6 + 1.2 + 6.4 ,8X ) - 3.3 - 1.3 + - 2.3 .2 /.4 ( .2 .4 .2 .2 .2 .1 -13.3 + - + + + + + Commodity dealers + + .4 + .9 + 2.3 .5 .7 + 3.6 + .3 + .4 " .4 - - .6 .3 «3 •7 .8 + - 1.1 - 7.8 + .2 + + .3 -- - 1.3 + 3.6 - . 4 +13.5 4* • 1 - 5.2 + 5.8 +15.2 - .5 -11.5 - 2.3 + 6.7 + .1 - - 1.3 - 2.3 - - #1 .5 .9 - 1.5 + .1 .1 - 1*2 + .2 + + - - .2 .3 -20.2 - .9 .4 - - + 2.7 + .2 .3 .1 LE0 " 2.0 - .5 - .7 - .4 - 1.2 - 2.2 + 1.0 - 1.6 + ,4 - .3 - *1 - 1.2 - 1.2 - - .9 + 5-7 - 3.9 - 5.6 -52.6 - 3.7 - 6.3 + 1.2 - 1.0 + 3.8 - .4 + 8.6 - 1.3 - 1.7 - *2 - 2.0 -13.8 - 6.0 -44.0 - 5.0 - 8.0 + 1.0 - 3.0 -10.0 - - .4 - 5.0 - 8 . 0 .2 .4 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 70 per cent of those of all commercial banks.
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