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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) March 21, 1956 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY All Industrial classifications except commodity dealers participated in the increase of $592 million in commercial and industrial loans at weekly reporting member banks during the week ended March 14, reflecting the quarterly tax date increase. The increase of $166 million in loans to manufacturers of metals and metal products was the largest weekly increase in this business category since January 1952, and the increases of $118 million in loans to public utilities and $44 million to "other" manufacturing and mining were the largest weekly increases since June 1955, Other large increases were $72 million in loans to sales finance companies, $44 million to the wholesale and retail trade, and $40 million to manufacturers of textiles, apparel, and leather products. 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 — Cumulative since year-end Week Dec. 26, 1955 Dec. 29, 1954 ended , to . to Mar. 142/ Mar. l4, 195^— Mar. l6, 1955 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 + 16 + 40 +166 + 26 + 44 -222 +114 +533 +165 +149 -229 +179 +127 +150 + 31 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + 44 - 8 + 72 +118 + 7 + 37 + 47 - 52 -432 +23.2 - 22 - 48 - 32 -229 + 84 + 78 + 17 - 3 Classified changes - net Unclassified changes - net +560 + 32 +445 - 51 +174 l/- 13 Net change in commercial and industrial loans +592 +394 1/+161 p/ Preliminary; see footnote on attached table. 1/ Prior to 1956, unclassified changes and total net change included changes in agricultural loans. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REtOKTIHG MEMBER BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MARCH 14, 1956 H,12(a) 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 Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San IranAll Die- . Boston New Louis apolis City Icieco 'W mond York delphia land tricts £/ (in millions of dollars) +15.7 +40.2 + 1.4 + 9.9 + 2,1 + 2.0 +2 6.6 + .6 + 7.4 *1 + .1 + 2.9 + .4 .4 - 3.2 + 3.1 + 4.8 - 1*5 + 3.5 + .6 + 1.6 .3 - 6.3 + .7 +165.7 +25.5 +43.8 + 6.4 +75.1 +10,9 + .2 + 9.7 + .7 + 2.8 +19.0 + 3.8 +20.8 + 1.9 + 1.0 + .2 + 1.0 - .5 + 2.8 + • 9 + .5 +27.9 + 9.1 + 7.9 + 2.5 + 1.6 + 1.2 + 2.5 + 1.2 + 1.0 - .1 + 2.4 + 1.5 + • 5 + .3 + .7 +13.9 + .6 + 3.1 .2 + .1 + + 1.8 + 8.2 - .9 .1 + .7 + .6 + 3.8 + l*l + .1 .7 + .9 + 6.4 + 3.8 + 1.7 + l.l + 1+6 ( + + 1.5 + 1.0 .4 ( + 6.0 j + 2.5 »3 - .2 - .8 - 1.9 - 1.1 - 1.2 - 3.8 - .4 - 2.3 - 1.0 +12.3 + l.l + 1.7 - .1 + + 1.9 + 1.3 +10.7 - .1 |+44.oj + Commodity dealers - 8.2 + 3.2 '+ 3.0 + Sales finance companies +72.0 + 2.6 +57.1 Public utilities (including transportation) +117.7 + 6.8 +83.0 + Construction + 6.6 + All other types of business +37.3 + 2,6 +19-9 Net change in classified loans 1/ Unclassified changes - net Net change in commercial and industrial loans - .8 + — * 5.7 - + *9 - .6 + 1.0 - 1.0 - 1.8 .7 + 4.1 1.7 +11.0 + 3.3 .4 + .5 + *9 - .2 - 3.1 + 1.4 .4 + 1.0 + 4.3 .4 .8 + + .2 + 1.4 - .8 + .7 + 1.6 + 1.0 + 1.2 + 5.2 + 4.7 - 1.0 +71.6 +15,1 + 6+1 + 3.0 +17.1 +40.6 — — +12.4 - +84.0 +14.0 +30.8 +312.4 +16+0 +31.7 .8 +21.6 + 1.0 +30.0 +334.0 - - .6 +560.3 +592.0 - +17.0 +39.2 + 9 A ,6 + 6.8 + +46.0 +10.0 - 1.0 1,1 + - .9 -11.6 +18.0 +29.0 • 9 + 1.0 + + 7.0 + 4.0 %/ 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*
