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

H. 12

June 27, 1956

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
All industrial classifications except manufacturers and producers of
petroleum, coal, chemicals and rubber products and commodity dealers participated
in the increase of $678 million in commercial and industrial loans at weekly reporting member banks during the week ended June 20, reflecting the usual increase around
the quarterly tax date.
The increase of $235 million in loans to sale finance companies was the
largest weekly increase in this classification since the series was inaugurated
in the spring of 1951• Other large increases were $210 million to manufacturers of
metals and metal products, $102 million to public utilities, and $48 million to
"other" manufacturing and mining.
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

Week
ended ,
June 20*-

Cumulative since year-end
Dec. 28, 1955
Dec. 29, 195%"
to
#
to
June 20, 1956—
June 22, 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

+ 26
+ 27
+210
- 12
+ 48

305
228
+lj
,319
+ 424
+ 375

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

+ 21
- 26
+235
+102
+ 6
+ 7

+

Classified changes - net
Unclassified changes - net

+644
+ 34

+2,174
+ 134

41
- ,217
V - 207

Net change in commercial and
industrial loans

+678

+2,307

1/+1

-

+

«

-

+
+

179
362
216
349
55
127

+
+

+
+
-

+
+
+
+

538
210
188
310
147
152
456
586
375
133
110

O
H
O

-

+

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 AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 20, 1956

H.12(a)

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

All Dis- ,
Boston
tricts £/

New
York

•
+ 25.6 * 1.4
+ 26.9 ¥ 2 . 0

+ 2.4
+ 20.2

+ 3.8
+ 1.8

+
+

•
+210.0 « 3-0
- 12.4 * -5
+ 48.4 + 5.0

+119.0
- 13.9
+ 20.2

+11.9
- .4
+ 2.3

H -7
"
|+ 21. oj + 3-5

- 3.4
+ 10.5

+

Commodity dealers

- 25.6 " 1 . 1

Sales finance companies

+235.1 +

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

San FranSt. Minne- Kansas
Dallas
cisco P/
City
Louis apolis

+1.0
+ .5

+ .6
+ .1

+ 15.4
+ 2.3

- .4
+ 1.2

+ .2
+ .2

+

+ 1.1

.6

-2.6

+ 2.5
- 2.2

+11.0
- -5
+ 3.7

+ 50.1
.2
+ 9.3

+ 5.6
- .1

- .6

- .4
+ .6

+ .8
- .6
+ .3

-

.3

- .6
+ .2
+ .9

+10.1
+ .6
+ 4.2

+1.2
-4.2

- .3
+ .2

+ 1.6
+ 6.9

+ 1.4

+ l.l

+ .2
+ 1.9

+

.6

+ .4
+ .8

.1
- 1.4

|+6.8|

+ 2.6
-10.6

- 20.2

+ 2.1

-

.6

- .4

+1.3

-

.5

- 5.5

- .7

+ 1.1

- .2

-

.4

+193-3

- 2.1

+ 5.3

+1.2

+5.4

+ 17.4

+ 4.8

+ .2

+ 1.6

42.9

+ 4.7

Public utilities (including transportation)

+102.0 + 2.9

+ 61.3

- 2.5

+10.9

+ .3

+ .4

+ 15.7

+ 2.2

- .1

+ 1.4

-1.0

+10.5

Construction

+ 6.1 »

.2

+

5.1

-

+

.9

+ .5

+ .5

+ 1.6

+

.5

+1.3

+

.6

-9.1

+ 5.1

All other types of business

+

7 . 0 + 3.9

-

6.9

+ 2.4

+1.7

+ .7

- .8

+

+

.1

+ .9

+ 1.0

+2.0

+1.5

+1.0

+7.9

+120.1

+10.5

+3.1

+ 9.5

- .7

+28.1

• X +6.0

+1.1

-

-

-5

+2.9

+

.5

+1.7

+23.9

+7.0

+9-0

+116.0

+10.0

+6.0

+10.0

+1.0

+52.0

Trade:
Wholesale
Retail

.4

.7

.2
.2

Net change in classified loans l/

+644.1 +22.0

+387.6

+20.1

+34.9

Unclassified changes - net

+ 33.9 + 2 . 0

-

1.6

+ 1.9

+

Net change in commercial and
industrial loans

+678.0 +24.0

+386.0

+22.0

+35.0

.5

4.1

+

• 1 + .5

+ 2.4

+ 1.3
+

.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.
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.