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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

July 5, 1956

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
A net decrease of $107 million in loans to sales finance companies was
the principal factor in the $64 million decrease in commercial and industrial loans
at weekly reporting member banks during the week ended June 2J.
The principal increases during the week were $32 million in loans to
manufacturers of metals and metal products, $15 million to public utilities, and
$14 million to "other"types of business.
A $32 million net increase in loans to public utilities in the New York
District was partly offset by net repayments of $20 million in the Boston District.
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. 28, 1955
Dec. 29, 195%
ended
.
to
.
to
June 27£/ June 27, 19562/
June 29» 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

+ .2
+ 11
+ 32
+ 2
- 8

- 304
+ 238 '
+1,356
+ 426
+ 366

+
+
+
+

540
220
177
313
153

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

- 13
-.20
-107
+ 15
- 5
+ 14

+
+
+
+

+
+
+
+
+

146
461
589
384
134
143

Classified changes - net
Unclassified changes - net

- 77
+ 13

+2,117
+ 126

+1,257
1/ - >79

Net change in commercial and
industrial loans

- 64

+ 2 , 2 4 3

1 /

1 6 7
3 8 1

317
367
52
147

+ 1 , 0 7 8

g/ Preliminary; see footnote on attached table.
1/ Prior to 1 9 5 6 , unclassified changes and total net change included changes in
"
*
agricultural loans.




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, JUNE 27, 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

New
York

All DisBoston
tricts P/

Phila-1iCleve- Rich- Atlanta Chicago St.
mond
Louis
delphiaj! land
(In millions of dollars)

Minne- Kansas
San Franapolis City JDallas cisco P /

+ 2.1
+ 10.8

+ 2.4
+ 2.2

-11.7
+ 6.2

+1.0
+1.3

+1.4
+ *1

+ .9
+1.2

+ .3
+ .4

+ 2.3 +2.1
+ .8 + .4

+1.3
+ .3

+1.1
- .1

-

.7
.8

+ 1-7
- 1.2

+ 32.1
+ 1.8
- 7-7

+ 3.7 +26.9
- 1-7 + 6.0
+ 1.6 - 7.0

-2.6

+ .3
-1.4
+ .4

+ .6
+ .5
- .4

+ .4 +1.0
+ 2.8 + .2
+ 1.3 - -5

- .3
+ .4
- .3

- .9
+ .4
- .4

- .9
- 4.0
- .4

+ 2.5
- .5
+ 1-7

- .4
-1.2

+ .3
- -9

+ 1-5
- 2.2

- .2
+ .7

+ .1
- .7

- .4
-1.2

( ^
C

)

12.9)

- 1.5 +
- .5 +

-

. 7

+

. 3

+1.4
- .2
-4.0

( * J + 2.0
(- 8.7) + .1

+

. 3

-

• 2

-

. 3

-

. 5

-

. 3

- .6

- .5

+1.2

- 2.6

-3.0

+3.6

+1.4

-

.2

+ 1.3

-5.4

-3.1

-4.2

-13.7

-3.2

+ .4

-1.5

- 9.1

- 5.9

- 19.8

-

.2

-19.9

Sales finance companies

-107.1

-10.7

-46.5

Public utilities (including transportation)

+ 15.4

-20.3

+31.6

-

. 9

+2.4

+ •1

+ .2

+ 1.1

- .1

+ .2

+1.2

-

-7

+

.6

Construction

-

5.2

-

-3

—

-

. 5

+

+ •1

- .7

- 1.4

- .7

+ .3

+ .9

- 4.5

+

.7

All other types of business

+ 13.7

+

.7

1 . 2

- 1 . 5

+ .9

+2.2

+3-7

+ 5-7 + -3

- -3

+ .2

-

.4

+ 1.0

Net change in classified loans l/

- 76.8

-24.6

-12.2

-8.1

-3.8

-1.4

+1.0

- 4.0

+5.0

+ .7

-30.4

+ 4.0

Unclassified changes - net

+ 12.8

- 1.4

- 2.8

+ .1

-1.2

+2.4

-1.0

- .7

- 2.6

+21.0

Net change in commercial and
industrial loans

- 64.0

-26.0

-15.0

-8.0

-5.0

+1.0

-33.0

+25.0

+

CVJ

Commodity dealers

1

.7
.3

. 9

-3.0
-1.0

- 4.0

-4.0

+5.0

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.
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.