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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

September 19, 1956

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Practically all industrial classifications participated in the $190 million increase in commercial and industrial loans at weekly reporting member banks
during the week ended September 12.
The principal increases classified were $48 million in loans to manufacturers of food, liquor, and tobacco products, $34 million to "other" types of
business, $20 million to commodity dealers, $l8 million to "other" manufacturing
and mining, and $16 million to public utilities. Following ten weeks of decreases,
loans to manufacturers of metals and metal products increased $11 million.
The only net decreases reported were $1.6 million in loans to sales
finance companies and $2 million to the construction industry.
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

Cumulative since mid-year
Week
June 27, 1956
June 29, 1955
ended
,
to
.
to
Sept. 12-' Sept. 12, 19562/ Sept. 14, 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

+
+
+
+
+

48
11
11
12
18

+ 92
+ 97
-285
+305
+151

+ 59
+190
- 16
+ 43
+ 67

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

+
+
+
+

14
20
16
16
2
34

+ 22
+284
-100
+ 56
- 8
+135

+102
+126
+ 92
+ 65
+ 53
+217

Classified changes - net
Unclassified changes - net

+167
+ 24

+750
- 55

+997
1/ - 98

Net change in commercial and
industrial loans

+190

+695

1/ +899

p/ Preliminary; see footnote on attached table.
l/ Prior to 1956, unclassified changes and total net change included changes in
agricultural loans.




H. 12(a)

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 12, 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
Trade:
Wholesale
Retail

All Dis- ,
Boston
tricts £/

New
York

St.
Phila- Cleve- RichAtlanta Chicago
mond
delphia land
Louis
(In millions of do]
Liars)
+ 2.0 - .5
• 7 +1.5

- .1
+1.2

+3-5
- .1

-2.4
+4.3

+ .7

- .1

- .6

-8.4
+3.0
+2.8

-1.5
+ .4
+ .3

+2.7
+ .1
+ -3

+ 47.6
+ 11.2

+3.6
-4.3

+ 22.1
+ 8.5

+1.0
--

-

+ 11.3
+ 12.1
+ 18.2

+1.7
+ .1
+1.8

+ 13.5
+ 1.7
+ 2.8

—2.6
+ •t
>
+ .6

+ 6.9
+ 2.1
+ 1.0

+
+

6 . 0

- .5
• .3

-

1.6

6.6

+2.3

+

.7

-4.7

-

5 . 2

-1.4

p)
( + 1 k• C. ^ - .6
JL*r
(+
- .9

.3

Commodity dealers

+

2 0 . 1

+ .5

+

Sales finance companies

-

1 6 . 1

-3.1

+

Public utilities (including transportation)

+

1 6 . 1

- .4

+ 17.8

Construction

-

All other types of business

+ 33.5

Net change in classified loans l/

2 1 . 5

Minne- Kansas
San FranDallas
apolis City
cisco £/

+

. 8

+2.3
- .1

+14.5
+ .3

+1.4
+ .4
+ .9

- .6

- 1.6
-+ 4.6

+

. 8

-

. 2

+ .4
- .2
+ .4

-

.8

+ .6
+1.4

+2.7
+3.8

+1.0
+ .1

+1.1
+ .9

+ .3
- .5

U i 4)
(+1.4)

+ 1.3
- 1.2

+2.1

-

.3

+2.7

- .8

+ .3

+ .8

-1,0

+ 6.2

-2.3

-1.7

-4.3

- 5 . 6

- .9

-2.4

-3.8

- 3.6

+ 2.4

- .4

--

-5.5

+ .2

- .1

+2.2

- .3

+

—

.3

+ 3 . 9
+ 2 . 9

1 . 6

• •1 +

.3

- ,2

+ 1.1

+1.7

+ .6

-1.9

-—

+ .7

+1.1

-3-5

- 1.5

+5.9

+

9.2

-1.4

+ 1.1

+2.6

+3.4

+4.5

- .1

+ .7

+2.4

+1.1

+ 4.1

+166.5

+4.2

+110,3

-6.6

+ 9*5

+3.1

+5-7

+2.8

-4.1

+7.3

+7-3

+2.3

+24.7

Unclassified changes - net

+ 23.5

-1.2

+

3-7

-1.4

+

+ .9

+ .3

+1.2

- 2 . 9

-1.3

- .3

+ .7

+23.3

Net change in commercial and
industrial loans

+190.0

+3.0

+114.0

-8.0

+10.0

+4.0

46.0

+4.0

-7.0

46.0

+7.0

+3.0

+48.0

1.7

.5

g/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final 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 JO per cent of those of all commercial banks.