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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

September 15, 195%

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net increases of $20 million in loans to the wholesale and retail trade,
$12 million to commodity dealers, and $29 million to unclassified borrowers were
partly offset by a decrease of $27 million in loans to manufacturers of metals and
metal products. The net increase in commercial, industrial, and agricultural loans
at weekly reporting member banks during the week ended September 8 was $31 million.
The trade increase, which followed three weekly decreases, was reflected
in most districts. Loans to manufacturers of food, liquor, and tobacco products,
which increased $6 million during the week, decreased $17 million in the New York
District but was more than offset by increases in ten other districts.
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

Week
ended
Sept. 8p/

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining

+ 6
+ 6
-27
+ 5
- 7

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

+20
+12
-10
- 5
+ 1
+ 1

Classified changes - net
Unclassified changes - net

+ 2
+29

Net change in commercial, industrial, and agricultural loans

Cumulative since mid-year
June 30 to
Corresponding
Sept. 8, 19!%/ period, 1953
(In millions of dollars)

+31

p/ Preliminary; see footnote on attached table.




+
+
-

+
-

+
-

-

11
88
309
4l
19

+
+
+
+

30
71
78
11
14

8
l4l
58
106
34
4

+
+
+
+

8
5
38
68
7
73

272
783

+156
+ 4

1,055

+160

CHANGES IN COMrtERCXAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 8, 195^

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

All Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. j Minne-1KansasDallas San Francisco P/
Louis|apolis| City
tricts P/
York delphia land mond
of dollars)
(In millions
-17.2 + 1.2 +
1.0 + 5.6 + • 7

.6 + 2.0
.2

+ 5-7
+ 5.8

+ 1.8

-26.5
+ 5.3
- 6.8

2.1
1.2 -12.4 + • 5
+ • 9 + 3-3 + .1 + .1
+ .2 - 2.6
1.3 + .4

(

+19

5

- )

+ 1.3
+ .9

+11.4 + 1.9 +
.1 +
- 1.0

.2
.3 - 6.0
.2
• 5 + .3
- .9
• 5 + 2.0

•3 +
.1
.1

+
+

.4 + 1.1 +
• 3 + 3.2 +

.4
.2 +

.4 +
.2

.7
.1

+ 1.3
+ 1.2

.4 + 2.3
+ 8.2 + .3

.2 +

.9

+ 2.1

-

Commodity dealers

+12.3

-

.6 + 5.4 +

•5 +

Sales finance companies

-10.1

+

.4 - 8.2 +

.1

Public utilities (including transportation)

- 5-2

-

.1 - 4.2

-

.4 +

Construction

+ 1.4

+ 2.0

-

1.2 +

All other types of business

+ 1.0

- -

-

.2 + 3-1 + 1.9

Net change in classified loans

+ 2.4

Unclassified changes - net

+28.6

• 9 -20.9 + 2.7
+ 2.1 + 4.9 .7

Net change in commercial, industrial,
and agricultural loans

+31.0

+ 3.0

+

-l6.0 + 2.0

-

-

-

-

-

2.1

-

2.2

.9

+

-

1.2 + 3.8 +

+ 7.3

+

.2

.6 +
.1
.1
+

.3
1.3
.5
.1

+

+

.8
.2

+ 2.6
+ .6

.6
.3
.9

- 2.7
+ .6
- 3.0

+ 1.8) +
( ) -

.2
.8

.1 +

•3
.8

.3 +

.2

-

.5

+ 1.2

+

.4

-

1.1

- 5.8

- -

.2

-

.9

+ 1.0

-

.9

-

.2

.5

+

.9

.9

+ 3.6

+

.9 +

.4

-

1.3

-

5.5

- 2.6

3.1 + 1.2
.9 + .8

+13.0

+19.3 + 7.9 + 1.1

-

2.3

-

5-9

-11.5

.3

+ 8.9

+12.5

4.0 + 2.0

+13-0

2.0

+ 3.0

+ 1.0

.3 +

.1

.4

.2

+

-

.5 +

- -

—

-

•3 +

--

.3 +
.1 +

- —

.9 +

+19.0 + 8.0 + 2.0

-

+

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 220 weekly reporting member bank,3 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.