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

H. 12

July 11, 195&

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $25 million each in loans to manufacturers of food,
liquor, and tobacco products and to manufacturers of metals and metal products,
$10 million to the construction industry and $34 million to unclassified borrowers
were largely offset by increases of $25 million in loans to "other" types of
business, $20 million to manufacturers and producers of petroleum, coal, chemicals,
and rubber products, and $l6 million to manufacturers of textiles, apparel, and
leather products. The net decrease in commercial and industrial loans at weekly
reporting member banks during the week ended July 4 was $8 million.
The increase of $9 million in loans to commodity dealers was the first
weekly increase in this category since last February.
Changes in loans during the week and since year-end are shown below; the
third column shows the changes during the comparable period last year:

Business of Borrower

Cumulative since year-end
Week
Dec. 29, 1955
Dec. 29, 1954
ended y
to
.
to
July 4-' July 4, 1956B/
July 6, 1955
(In millions of dollars)

Manufacturing and mining:
Food, liquor, and tobacco
-25
+16
Textiles, apparel, and leather
Metals and metal products
-25
Petroleum, coal, chemicals, & rubber +20
+ 1
Other manufacturing and mining

327
254
+1,337
+ 444
+ 370

-

+

562
4 227
+ 133
+ 327
+ 151

-

146
457
553
353
126
158

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

+ 5
+ 9
+ 5
+ 5
-10
+25

+ 176
377
317
+ 370
+ 45
+ 174

Classified changes - net
Unclassified changes - net

+26
z34

+2,149
+ 86

+1,156
V - 253

Net change in commercial and
industrial loans

- 8

+2,235

iA

+
-

+
+
+
+

903

p/ Preliminary; see footnote on attached table.
l/ Prior to 1956, unclassified changes and total net change included changes in
agricultural loans.
In addition to the weekly table, a monthly table is attached showing
changes during June compared with the preceding month and with June 1955, and
also showing changes during the past twelve months.
All industrial classifications except the wholesale and retail trade
and commodity dealers increased their borrowings in June. More than one-third
of the increase in total classified loans during the month was to manufacturers
of metals and metal products; these loans have also accounted for nearly one-third
of the increase in classified loans during the past year.
The decrease in loans to the wholesale and retail trade was the first
monthly decrease in this category since January. The increase in loans to
manufacturers and producers of petroleum, coal, chemicals, and rubber products
was the largest monthly increase in this category since the series was started
in 1951.



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, JULY 4, 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

All Dis- .
1 .
tricte E/ Boet°"1

New
Phila- Cleve- RichSt. Minne- Kansas
San FranYork delphia land mond Atlanta Chicago Louis apolis City Dallas cisco £/
(In millions of dollars)

-25.1
+16.2

+ .8 -18.8
+1.7 +11.9

- .1 -6.8
- 1*3 - .3

-3.4
+1.1

-1.4
- .1

- 4.4
+ .4

46.1
+ .7

- .8 +1.8
+ .1 - .1

+ .8
+ .2

+ 1.1
+ 1.9

-24.8
+19.6
+ .9

-3.7 -11.0
+ .3 +22.7
+1.9 - 1.3

- 2.3 -2.5
+ .6
+ .3 - -5

-~1.6

- .3
+ .3

- 9-1
- 2.9
+ 1.0

+1.6
+ -9
-2.2

+ .8 + .1
+1.1
+1.5 + .2

-1.3
-1.8
-1.3

+ 2.9

4.8>

- .3 + 5.9
-1.2 - 3.2

+ .3 + .3
- 2.1 +4.1

+ -7
+ .1

+ .6
- .3

- 2.2
+ 1.0

-1.4
+ .6

+ .2
+ .8 + .2

K6)

+ 3-0
- 3-9

+ .1

+1.7

+

• 1 - .4

-1« 2 +3.4

-1.8

+ 3.7

+

+ -5

+

.8

Commodity dealers

+ 8.6

- .4 + 4.3

-

Sales finance companies

+ 5-0

-4.4 +30.0

-14.8 +2.0

+1.5

- .3

- 3.7

-4.1

-1.5 -2.5

- .9

+ 3-7

Public utilities (including transportation)

+ 4.9

+1.2 + 1.5

- 3.1 -1.6

+ .6

+1.5

+ 1.9

+ .9

+3.7 - .2

— .2

- 1.3

Construction

- 9.9

- .1 -

.5

— 1.6 - .8

+ .3

+ .1

- 4.2

-1.0

- .3 - .8

- .1

-

All other types of business

+25.4

+ .1 + 1.3

+ 1.5 +2.0

+2.9

+ 5-3

+1.6

+ .6

<6.2

+ 3.9

Net change in classified loans l/

+25.6

-4.1 +42.8

-24.1 -3-5

+2.8

+1.8

-16.8

+3.3

+3.3 +3.8

+1.4

+14.9

Unclassified changes - net

-33.6

-1.9 -20.8

-

-9 - .5

-1.8

- .8

+ 2.8

-1.3

- .3 + .2

+1.6

- 9-9

Net change in commercial and
industrial loans

- 8.0

—6.0 +22.0

-25.O -4.0

+1.0

+1.0

-14.0

+2.0

+3.0 +4.0

+3-0

+ 5-0

.9

- -

-9

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.



H.12(b)

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

Business of Borrower

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

4 weeks
ended
June 27, 1956

5 weeks
5 weeks
ended
ended
May 30, 1956
June 29, 1955
(In millions of dollars)

12 months
ended
June 27. 1QS6
j
'
•

+
+

25-3
6l.6

- 81.3
+ 37.9

- 29.2
+ 39-6

+
+

+
+
+

395-9
170.2
105.9

+ 53.2
- 7-1
+ 32.0

+ 69.6
+ 35-5
+ 44.0

+1,585.9
+ 632.6
+ 432.4

178.2
309.3

Trade—wholesale and retail

-

35.4

+ 20.0

+ 43.2

+

497.9

Commodity dealers

-

95-9

-107.1

- 60.8

+

82.8

Sales finance companies

+

59.4

-101.3

+238.7

+

382.8

Public utilities (including transportation)

+

221.9
23.6

+242.5
+ 64.0

392.0

+

- 43-5
+ 32.8

+

Construction

+

160.5

All other types of business

+

86.4

+102.6

+ 51-5

+

518.9

Net change in classified loans 1/

+1,018.9

- 61.8

+738.6

+5,173.3

Unclassified changes - net

+

+

4.8

+121.4

-

Net change in commercial and
industrial loans

+1,082.0

- 57-0

+860.0

+5,131.0

63.1

42.3

Loans reclassified on Octobdr 5
Total

l/

+

+5,449.0

See footnote on preceding table regarding current coverage.




318.0