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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
delphia land
York
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 +

.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

+

.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*