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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 March 28, 1956 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Practically all industrial classifications participated in the increase of $68l million in commercial and industrial loans at weekly reporting member banks during the week ended March 21, reflecting quarterly tax date needs. The only net decrease was in loans to commodity dealers, amounting to $11 million. The increase of $272 million in loans to manufacturers of metals and metal products was the largest weekly increase in this business category since the series was inaugurated in 1951• Other large increases were $103 million in loans to sales finance companies, $71 million to public utilities, $50 million to manufacturers of food, liquor, and tobacco products, $46 million to "other" manufacturing and mining, and $38 million to the wholesale and retail trade. 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. 28, 1955 Dec. 29, 1954 ended . t o . t o Mar. 212/ Mar. 21, 19562/ Mar. 23, 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 + 50 + 11 +272 + 13 + 46 173 + . 124 + 805 + 178 + 195 -247 +180 +109 +197 + 35 Trade--wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + 38 - 11 +103 + 71 + 10 + 32 + 86 63 328 288 12 17 - 15 -240 + 87 + 83 + 3 + 21 Classified changes - net Unclassified changes - net +635 + 46 +1 ,084 9 +214 l/+ 1 Net change in commercial and industrial loans +681 +1,075 1/+214 - + - - j>/ Preliminary; see footnote on attached table. 1/ Prior to 1956, unclassified changes and total net change included changes in agricultural loans. H.12(a) CHANGES IB COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MARCH 21, 1956 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 All Die-, Boston tricts E' Phila- Cleve- RichSt. Atlanta Chicago delphia land mond Louis (In millions of dollars) +49.5 +10.6 + .4 +52.7 + 2.2 +10.4 + 1.2 + 1.1 + +271.7 +13.1 +46.1 + 9.7 +179.6 + .6 +10.0 + 1.8 + 8.4 + 6.2 + .3 +10,6 + 9.8 + .8 + .3 + • 3 + .8 + .5 + 3.6 + 1.3 + 1.3 Trade: Wholesale Retail +38.2 Commodity dealers -10.6 - 1.8 +103.1 Sales finance companies New York + .7 - 2.6 + .8 + 1.1 .8 + »9 - 5-1 1.7 .2 + 1.1 +48.7 + 1.0 + +18.3 - 1.6 + 1.3 .1 + 3.0 + 2.6 + 2.0 -- * 8 + 1.4 — + .7 + .1 + .7 + 8.9 +12.4 - 3.8 - .2 + - + 5.0 +88.9 + 8.9 + .4 - 1.4 + 3.1 — +49.1 + .4 + 5.8 «5 - 1.1 + .1 + 3*1 + All other types of business +31.8 ~ .7 - 4.6 +25.6 - .2 +634.6 + 1.6 - »3 - 1.1 - .2 - 6.8 + 6.3 - + 1.1 4* 1 ) - 1.0 - *7 + 1.4 + 5.6 5.1 - 5.3 1.2 + 2.4 + 1.9 - 4.4 -- - 3.9 +16.9 .3 + 2.8 .2 .8 - 3-5 - .3 - .5 + .1 + .6 .2 + 2.7 - + 5.8 + 4.2 + 5.2 + +10.4 +11.4 +71.6 + 3.0 + 4.5 +10.1 2.1 +20.4 + - .8 - + .2 + 1.5 .4 + 1.9 5.8 .9 1.0 .1 - 1.1 - .2 - 1.6 + .1 + + 3.0 + + +681.0 .1 + 3-7 + 3.9 +10.4 Net change in commercial and industrial loans - .4 + 1.9 .4 + 1.3 + 1.0 Construction +46.4 + 1.5 + + +70.7 Unclassified changes - net .1 .1 .1 .4 + 7 . 9 + Public utilities (including transportation) Net change in classified loans l/ - sr Minne- Kansas San Fra: apolis City Dallas cisco 1.5 + 1.8 .2 + .1 + 1.3 .4 + - + - 2.5 + 3.3 - 1.7 - .4 + .6 + 6.4 + 1.0 - 7.5 + 2 . 9 + 3.1 +39.6 +20.0 +443.0 +25.0 +18.0 +10.0 +12.0 +78.0 + 4.0 - 3.0 + 1.0 +60.0 +13.0 j>/ 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.
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