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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

January 18, 1956

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Decreases of $193 million in loans to sales finance companies, $22 million to manufacturers of food, liquor, and tobacco products, $20 million to "other"
types of business, and $61 million to unclassified borrowers were the principal
tactors in the $252 million decrease in commercial and industrial loans at weekly
reporting member banks during the week ended January 11. The principal offsetting
increase was $35 million in loans to manufacturers of metals and metal products.
The decrease in
decrease in this business
of 1951; it was reflected
metals and metal products

loans to sales finance companies was the largest weekly
category since the series was inaugurated in the spring
in all districts. Increases in loans to manufacturers of
occurred in all but the St. Louis District.

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:
Cumulative since mid-year
Week
June 29, 1955
June 30, 1954
ended
to
to
Jan. ll£/
Jan. 11, 1956PJ Jan. 12, 1955
(in millions of dollars)

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

W

+421

4
+
35
+ 4
+11

+ 7 1
+ 258
+ 280
+ 7 2

- 16
-544
+ 80
- 64

+ 234
+ 448
+ 564
+
49
+107
+ 317

+52
+472
+ 30
-230
+85
+ 99

-191
- 61

Classified changes - net
Unclassified changes - net 1/

Total

+ 410

+

- 5
- 11
-193
- 1
+ 7
- 20

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

Net change in commercial and in
trial loans l/
Loans reclassified on October 5

- 22

+2,860
- 288

+385
-112

-252

+2,572
+ 318

+273

5-

+2,890

Preliminary; see footnote on attached table.
Prior to the week ended January 4, 1956 unclassified changes and total net change
include changes in agricultural loans, which are now reported separately.




H.12(a)

CHANGES IN COMMERCIAL AM) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JANUARY 11, 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
Commodity dealers
Sales finance companies

All DisBoston
tricts P/

New
York

St.
Phila- Cleve- RichAtlanta Chicago
delphia land
mond
Louis
(In millions of dollars)

-22.0
+ 4.1

+
+

.8
5-6 +
.5 + 2.4 +

.6
.8

- 3-7 + .3 +

+34.5
+ 4.4

+ 2.4 +11.5 +
- .3 + .9 +
+ .6 + 1.0
-

.5
.4
.3

+ 3.7 +
- .2
+ 1.1 +

+ 1 0 . 6

<
,, j
( - 4.9,

- 1 0 . 6

-193.0

.2 + 2.0
- 1.7
- 1.1 + 4.1 + 1.3
-

.7 + 2.4

+

.9 +
.5

.6 .5

.9
- —

- 8.0
- 2.4

Minne- Kansas
San FranDallas
apolis City
cisco P/

- 4.2 + .7 +
.6 +
.6 .4

.5 + .2
+ .1
.2 + 2.3

+11.1

.1 •3 +

.3
.5

- 2.2
- 5.1

- 2.2 +
+ -5 +

— —

+

2 . 9

+

3 . 0

+
+

- 6.6 + 3-2

- 3.9

-21.9

- 3.5

- 1.2

-37.6

- 1.5

- -

--

+

.1

+ 3.1

+

e

1 +

.4

- 2.7

+ 5.2

-95.0

- 1.5 +

-

.4 - 1.1

-

.9

+

All other types of business

-19.9

- 5.0

- 9.8

-

.2

+ 3.3

- 1.7 + 1.7

- 5.8

- 1.2

- 1 8 . 7

-90.9 + 1.3

- 1 9 . 6

-

+ 2.6

-45.0

- 8.7

+

+

-12.1

+ 4.6

- 8.6

- 3.0

- 2.3

-

- 6.0

-48.0

-11.0

+

-15.O

6 . 2

-

CXJ

- 1 0 3 . 0

+

-d+

-18.0

- 1.3

.4

2 . 0

-

1 . 0

n

-

. 7

- 1.4

-

.6

-

2 . 5

-

-

-

3 . 2

-

2 . 5

(

6

-

.5 -

-

.3

- 3.2 +

- -

3 . 9

- 9.1

+

9 . 0

*1
6 . 0

.8
8 . 9

+ 1*1
+ 1*4
-

9 . 6

- 2.9

-35.4

-13.0 + 6.0

- 4 5 . 0

,9 - 3.9
3 . 0

+

)

.2
.5
.6

+

2 . 5

(.

#2

-

.1

.2

+

•7

.2

+ 7.1

- 2 5 2 . 0

.7
.5

- 1.3

Construction

Net change in commercial and"
industrial loans

.9
. 5

.3

-13.5

.7

+
-

-

.3

- 6 0 . 9

.9 + 3.5
.7 + 1.6
.1 + 3.0

- 1.5

-

Unclassified changes - net

.6 +
.4 -

- 2.2

- 1.4

-191.1

- 1.4
+ .1

.9

+

Public utilities (including transportation)

Net change in classified leans l/

.2 - 1.6 + 2.8
.4 + .5 + .3

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 JO per cent of those of all commercial banks.



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