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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

March 14, 1956

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Net increases of $49 million in loans to manufacturers of metals and metal
products, $42 million to manufacturers and producers of petroleum, coal, chemicals,
and rubber products, $36 million to "other" manufacturing and mining, and $19
million to manufacturers of textiles, apparel, and leather products were the principal factors in the $148 million increase in commercial and industrial loans at
weekly reporting member banks during the week ended March 7• The principal offsetting decrease was $26 million in loans to sales finance companies.
The increase in loans to "other" manufacturing and mining was the largest
weekly increase in this business category since June of last year and was reflected
in all but two districts. Following seven consecutive weekly decreases, loans to
the construction industry increased $4 million during the week.
Changes in loans during the week and since the year-end are shown below;
the third column shows the changes during the comparative period last year:

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
Trade--whole sale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business
Classified changes - net
Unclassified changes - net
Net change in commercial and
industrial loans

Cumulative since year-end
Week
Dec. 28, 1955
Dec. 29, 195%
ended .
to
*
"o
t
Mar. ?£/
Mar. 7, 19562/
Mfrr. 9, 1955
(In millions of dollars)
-

1

+ 19
+ 49

+ 42

+ 36

+ 13
- 10
- 26
+ 16
+ 4
- 4

-234
+ 73
+365
+135
+105

-272
+151
+ 64

+ 2
- 40

- 73

+110
+

1

-189

+ 99
- 29
- 83

+131
- 21
+ 7
- 17

+ 12

-115
- 83

-108
V - 50

+148

-198

1/-158

+136

-505

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 usual weekly table, a monthly table is attached showing
changes during February compared with the preceding month and with February 1955;
and also showing changes during the pgst twelve months.
The changes during February were similar to those during January and a
year ago February in the following categories; there were further increases in loans
to manufacturers of textiles, apparel, and leather products, to manufacturers of
metals and metal products, to manufacturers and producers of petroleum, coal,
chemicals, and rubber products, and to "other" manufacturing and mining, and further
repayments by manufacturers of food, liquor, and tobacco products. The increase in
maruilecturers of metals and metal products was the largest monthly increase in this
category since March 1952.
Loans to commodity dealers and to the wholesale and retail trade increased
during February in contrast to decreases in January*




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH 7, 1956

H,12(a)

Business of Borrower

All Dis- (
tricts P.Z

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

- 1.4

Boston

3.8

New

Phila-

York delphia
+12.7

1.6

+18.9

+

.5

+14.0

44-

+48.6
+41.5
+36.0

3.3
4.5
+ 1.0

+19.9
+39.0
+17.6

4- 2 . 0
+ •2
4- 2 . 2

t o a)
(+12.6)

4-

(

-

1.9
.3

.8

+ 2.5 +
+ .2 -

.8

.9

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

.7
+1.0
+ 8.0
+1.8

+

.7

— —

- 3.6

.1

-

.2
.7

-

.8

+

.7

1.0

(+
( +

n)
9

• )

- 3.9

+ 6.4

+ 1.5

+

.3

+

•1

+ 1.8

-

2.7

4-

2.3

-

1.6

- 9.9

+ 2.9

+

-

.6

+

.2

-

8.1

4-

1.0

+ 1.9

+ 2,6

+

+ 1.2

-

.3

+

.3

~

1.6

.8

+ 4.9

Public utilities (including transportation)

4-16,3

+

.2

+14.3

+ 1*3

Construction

4 3*8
-

+

.5

+ 3.5

All other types of business

- 3.7

.2

-

.6

*3

+ 1.0

- 2.7

4-

.1

-

.3

+14.2

+ 7,2

-

-

#2

+ 7.0

+ 2.1

4-

+93.6

+13.8

+23.3

4-

7A

+

+ 6.4

-

1.8

- 5.3

4-

2.6

-

10.8

+

+12.0

+18.0

+10.0

-

10.0

+15.0

,1

- -

-

.6 + 1 . 5

2.0 +1C0.0

*5

.4

4-

.7

4.3

-27.1

-

+ 2.1
+ 1.3

4-

-

-

2.4

+ 2.6

+

.3

.4
.3
.4

+ 1.0

.1

-

4.6

+
+
+

.7
.3

-

+

-26.4

-

+ 1.9
+ .3
+ 2.8

+

1.0

Sales finance companies

3.6

1.0

.9

-

*1

+148.0

4-

.2
4 2.6
-

-

+ 2.3

.6

Net change in commercial and
industrial loans

+ 3.1
+ 2.9

1.7

-

#1

- 1.8

-

+11.7

„ 1.3
+ .4

4
-

-

.6

- 2.4

Unclassified changes - net

+12.3
- .5
+ 8.8

.4
si

-

+

+ 1.4

-

+ 1 . 1 + 1.2
.4
4- .6 + •9 4- .7

+

- -

.2

- 9.9

+136.3

- 8.5

+1.1 + 1.1
- .1 + 1.0

Commodity dealers

Net change in classified loans 1/

.6 4- .7
el + 1.1

W

4-

San FranMinne- Kansas
Dallas cisco P/
apolis City

.8

+ 1.1

-

3.8

+

.4

.4

-

.2

+ 1.1

5.9

+ 8.5

-

8.0

-14.0

-

2.1

+ 3.5

+ 1.0

+15.0

-

8.0

+12.0

-

7.0

+ 1.0

4-

g/ 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 AM) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING- MEfcBER BANKS BY INDUSTRY
5 weeks
eu5d
.'e
Feb. 29, 1956

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
4 weeks
ended
ended
Jan. 2>, 1956
Feb. 23, 1955
(In millioias of dollars)

12 months
ended
Feb. 29, 1956

1

-120.3
+ 48.1

-112.7
+ 5.5

-118.1
+ 90.1

57.1
- 225.9
f

+249.8
+ 45.2
+ 59-3

+ 66.1
+ 47.8
+ 9.6

+ 28.5
+109.0
+ 3-8

+
+
+

290.8

Trade — wholesale and retail

+ 56.6

- 67.7

+ 13.3

+

564.1

Commodity dealers

+

8.2

- 38.2

- 46.6

+

106.2

Sales finance companies

-257.2

-221.0

+ 2.8

+

807.2

Public utilities (including transportation)

+ 13.0

+ 69.2

- 10.5

+

479.1

Construction

- 29.1

-

3-9

+ 9.0

+

194.0

All other types of business

+

1.7

- 81.4

+ 42.3

+

471.2

Net change in classified loans l/

+ 75.3

-326.7

+123.6

Unclassified changes - net

+ 44.7

-139.3

-

-

367.5

Net change in commercial and
industrial loans

+120.0

-466.0

+114.0

9.6

-

681.7
505.4

+3,901.0
318.0

Loans reclassified on October 5

+

Total

+4,219.0

l/ See footnotes on preceding tables regarding coverage.