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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

September 12, 1956

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
An increase of $174 million in loans to manufacturers and producers Of
petroleum, coal, chemicals, and rubber products was the principal factor in the
$170 million increase in commercial and industrial loans at weekly reporting member
banks during the week ended September 5«
Other relatively large increases during the week included $24 million in
loans to manufacturers of food, liquor, and tobacco products, $17 million to public
utilities, and $15 million to commodity dealers.
The principal decreases were $32 million in loans to manufacturers of
metals and metal products and $22 million to sales finance companies.
Changes in loans during the week and since mid-year are shown below;
the third column shows the changes during the comparable 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

Cumulative since mid-year
June 27, 1956
June 29, 1955
Week
ended y
^
Sept. 5
Sept. 5, 1956—'
Sept. 7, 1955
(In millions of dollars)
+ 24
+ 8
- 32
+174

+ 38
+ 84
-292
+292
+135

+ 24
+110
- 21
+ 28
+ 57

11
15
22
17
10
7

+ 9
+264
- 88
+ 4l
- 7
+103

+ 75
+ 92
+ 67
+ 51
+ 39
+189

Classified changes - net
Unclassified changes - net

+177
- 7

+579
- 87

1/

Net change in commercial and
industrial loans

+170

+492

1/ +579

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

--

+
+
+
-

+710
r!3i

g/ 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 weekly table, a monthly table is attached showing
changes during August compared with the preceding month and with August 1955# and
H also showing changes during the past twelve months.
All industrial classifications except loans to manufacturers of metals and
metal products increased their borrowings in August; this was the second consecutive
monthly decrease in the metals category, and the largest since September 1954.
The increase in loans to manufacturers of food, liquor, and tobacco
products was the largest monthly increase in this category since November 1955*
Loans to manufacturers of textiles, apparel, and leather products, and to "other"
manufacturers and mining have increased in every month this year.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 5, 1956

E.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

St. Minne- Kansas
Phila- Cleve- RichSan FranAll Dis-. Boston New
Atlanta Chicago Louis apolis
City Dallas cisco £/
York delphia land mond
tricts £/
(In millions of dollars)
+ .1
+2.7

+ 20.1 + 6.6

.3 - .7
- .4

+2.4
- .4

+1.3
- .8

- 2.4
+ 3.1

+ 1.6 - .3
- 3.4 + .3

-1.0
+ .1

-

- 32.3
+173.7

-2.8
+1.2
+ .2

- 3.3 - 4.5 -1.5
+143.9 + .2 +1.3
- 3.4 - .5 + .9

- .1
- .1
+ .3

-1.0
- .9
+1.0

- 7.7
+20.3
+ 1.4

- 7.0 -2.7
—
-- .2 — «X

+ .2
+ .4
+ .1

-1.1
+ 7.2
- .4

- .3

+ .7
-1.0

+ «7

-1.1

+ 4.0 + .2 -3.1
+ 5.6 + 1.7 +1.0

- .2

+ 3-2
- .4

— 1.1 + .2
- 1.3 + .7

- .2 ( 2.6) - 3.9
) + 1.7
+1.1 (

.2

;+ 10.8j

.1

+ 3.2
- .2

+ 23.9
+ 7-6

+
+

.8
.2
«5

Commodity dealers

+ 14.9

+ .7

+ 7.1

+ 2.7 + .1

+1.1

+1.4

- 6.1

+ 2.4 +3.7

-1.1

+ 1.9

+ 1.0

Sales finance companies

- 21.8

+4.6

+ 3.2 - 6.1 -1.5

- .3

+ .6

-19.9

- 7.2 + .2

+ .4

+ 3.8

+

Public utilities (including transportation)

+ 17.1

-1.2

+ 13.1 -

.5 +3.1

+ .1

+ .1

+ 1.7

+ .1

+ 6.1

- 5.5

Construction

- 10.4

- .2

.1 -

.3

.7

- .9

-2.1

- 2.7

-

.4 + .2

- *5

2.1

All other types of business

- 6.6

+2.8

+ 2.1

1.3 +1.1

-1.9

+ .2

- 3.3

-

.9

- -2

- .8

.2

- 4.2

Net change in classified loans l/

+176.7

+6.7

+198.9 - 8.7 - .4

- .1

+ .3

-12.8

-17.5

+2.0

-1.2

+17.7

- 8.2

Unclassified changes - net

- 6.7

- .7

- 11.9 - 1.3 + .4

-1.9

- .3

- 5.2

+

.5 -3.0

- .8

-

.7

+18.2

Net change in commercial and
industrial loans

+170.0

+6.0

+187.0 -10.0

-2.0

-l8.0

-17.0 -1.0

-2.0

+17.0

+10.0

—

-

.4

.6

p/ 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 AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
5 weeks
4 weeks
ended
ended
July 25, 1956 Aug. 31, 1955
(In millions of dollars)

5 weeks
ended
Aug. 29, 1956
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

12 months
ended
Aug. 29, 1956

+114.9
+ 47.7

-100.4
+ 28.6

+ 59.8
+ 78.0

+
+

-138.8
+ 54.1
+ 59.8

-120.6
+ 64.0
+ 75-3

+ 32.6
+ 20.4
+ 16.6

+1,339.9
+ 712.7
+ 521.8

Trade — wholesale and retail

+

-

3.6

+ 30.5

+

436.0

Commodity dealers

+107.6

+141.6

+ 29.3

+

236.9

Sales finance companies

+137.2

-203.7

+274.4

+

78.4

Public utilities (including transportation)

+ 52.0

- 28.1

+ 41.2

+

373.0

Construction

+ 19.1

- 15.5

+

1.6

+

127.0

All other types of business

+ 85.9

+ 23.6

+120.3

+

443.3

Net change in classified loans l/

+541.3

-138.8

+704.7

+4,746.2

Unclassified changes - net

+

9.7

- 90.2

- 59-7

+

Net change in commercial and
industrial loans

+551.0

-229.0

+645.0

+4,783.0

1.8

197.6
279.6

36.8

Loans reclassified on October 5

+

Total

+5,101.0

1/ See footnote on preceding table regarding current coverage.



1

318.0