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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

May 2, 1956

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Net increases of $56 million in loans to sales finance companies, $26 mil
lion to public utilities, $17 million to "other" manufacturing and mining, and $14
million to the wholesale and retail trade were the principal factors in the $73 mil
lion increase in commercial and industrial loans at weekly reporting member banks
during the week ended April 25.
Offsetting decreases included $27 million in loans to manufacturer of
food, liquor, and tobacco products, $18 million to manufacturers of textiles,
apparel, and leather products, and $10 million to commodity dealers.
The decrease in loans to manufacturers of textiles, apparel, and leather
products followed eight consecutive weekly increases. Loans to manufacturers of
metals and metal products decreased $31 million in the New York District but were
more than offset by increases in ten of the other districts; the net increase was
$3 million.
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
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining

Week
ended
.
Apr. 252/
-27
-18
+ 3
- 6
+17

Cumulative since year-end
Dec. 28, 1955
Dec 29, 195%
to
to
Apr. 25, 19562/ Apr. 27, 1955
(In millions of dollars)
-

+
+
+
+
+

244

-409

912

261

+185
+ 72
+271

231

+ 59

185
182
279
188
3
41

+ 49
-369
+304

138

Trade--wholseals and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

+14
-10

Classified changes - net
Unclassified changes - net

+44
+29

+1,167
+
51

l/

+322
-200

Net change in commercial and
industrial loans

+73

+1,218

l/

+122

+56
+26

-

+

- 2

-

zJL

-

+ 98
+ 31
+ 30

•QJ Preliminary; see footnote on attached table.
l/ 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 REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, APRIL 25, 13p6
Business of Borrower

- 2.3 - .9 -1 • 1
.3 + .4 - • 2 -1.5

ro ro

+ 1.0

-l6.6
-12.2

+

+4.5
+ .9
+ .8

-30.9
+ 1.4
+ 4.4

+ 3.6 + 8.4 +1,2
+ .2 - 5.5 + .3
+ 1.1 + 3.9 +1.9

[+13.6 J

- .2
+ .3

+ 4.5
+ 2.0

+ .6
- 3.4

Commodity dealers

-10.2

+1.3

+ 7-2

Sales finance companies

+56.3

+2.8

+24.5

+ 7.8

Public utilities (including transportation)

+25.5

+ -3

+21.8

-

.2 - 1 . 6

Construction

- 1.8

- .4

--

+

.1

All other types of business

- 9-1

-3.1

-16.2

Net change in classified loans l/

+44.4

+ .8

—10«1

+10.5

+13.1

Unclassified changes - net

+28.6

+2.2

- 8.9

+1.5

+

Net change in commercial and
industrial loans

+73.0

+3-0

-19.0

+12.0

+14.0

Trade:
Wholesale
Retail

+1.5
- .3

San FranSt. Minne- Kansas
Dallas
ciscoP/
Louis apolis City
ONO

+ 3-4
- 5.8
+17.1

Phila- Cleve- Rich- Atlanta Chicago
mond
delphia land
(In millions oi dollars;

1 1

-26.6
-l8.0

New
York

1—1 1—1

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 Dis- Boston
tricts P/

Jr K)

H.12(a)

- .8

+
+

.6
.9

- 3.9

+ 3.1

+ 6.7

- .1

+1.3
+1 • X
+1.6

-2.6
-3.3
+ .2

+5.0
+ .2
+ .6

+1.3
- .8
+ .1

+1.8
- .2

+ .7
- .2

+ .2
+1.4

- .4
+2.2

+ -9
-1.3

+ .3
-1.0

+ .7
+1.1

[+ 6.o|

- .7

-3.1

+ .5

-8.9

-2.1

- -5

+ 9.2 - .7

+1.2

+4.7

+1.1

+ •5

+ .4

-3.2

+1, l

- -

• 3 -1.5

+

- .3

—

- 1.0
+ 1.0

-

.1

+ .9
+ 1-5
+

.2

- 1.6

-

-5

+1.2

+

.2

+ 3.8

- .1

+

.4

+ 6.9

- 1.0

- .5

.7 + .6

+1.2

+ .8

- 1.0

- 2.2

-4.1

+2.2

+3.8

- .6

+ .8

- .4

+ 2.0

+ 5.4

-2.4

+3.7

+2.0

-5.3

+ .2

+3.6

+10.6

+17.7

.9 +3.4

- .7

--

+ .3

-1.2

+3.4

+ 7-4

+20.3

+1.0

+3.0

+2.0

-5.0

-1.0

+7.0

+18.0

+38.0

.3 + 1 . 4

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District 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.