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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.
