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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

September 5, 1956

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net increases of $53 million in loans to public utilities, $22 million to
sales finance companies, $19 million to manufacturers of food, liquor, and tobacco
products, and $10 million to the wholesale and retail trade were largely offset b y
decreases of $34 million in loans to manufacturers and producers of petroleum, coal,
chemicals, and rubber products, $22 million to manufacturers of metals and metal
products, and $39 million to unclassified borrowers. The net increase in commercial
and industrial loans at weekly reporting member banks during the week ended
August 29 was $10 million.
Loans to commodity dealers decreased $13 million in the New York District
but were partly offset by increases in most of the other districts; the net
decrease at reporting banks was $4 million, the first weekly decrease in this
business category since June 2J.
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 ,
Aug. 29-'

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining
Trade—wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

Cumulative since mid-year
June 27, 195*5
June 29, 1955
to
.
to
Aug. 29, 19562/
Aug. 31, 1955
(In millions of dollars)

+
+

19
3
22
34
7

- 5
+ 76
-258
+116
+132

- 5
+106
- 13
+ 38
+ 46

+
+
+
+

10
4
22
53
2

- 5
+245
- 55
+ 84
+110

+ 60
+ 95
+238
+ 43
+ 37
±l§5

Classified changes - net
Unclassified changes - net

+ 49
- 39

+440
- 95

+830
1/-160

Net change in commercial and
industrial loans

+ 10

+345

1/+670

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




CHANGES H COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, AUGUST 29, 1956

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

.4
.1

3.7
.4

+ .6
- .3

+ 1.3 +1.0
+ .7 -1.2

+1.1
+ .2

+2.2
-1.3
-1.2

•5
+ .1
+ .2

-1.5
+ .3
- .4

- 5.4 + .1
- .8 - .2
- 1.2 - .7

- .2
+ .4
- .1

+ .4
+ .1
+ .1

- .3
- .5

- -7
+ '7

+ .2
+ 3.2

- .8
+ .3

AVAIL
- .8
{• 3.2>
- .3

+18.9
- 3-2

+ -5 + 4.7
-2.0 - .7

+5.4
- .2

+ -5

-21.5
-34.4
+ 6.6

-1.7 -11.9
- .4 -26.6
- • 3 +10.9

-1.4
- .2
- .6

+ 2.8
+ 1.5

- -

+

+

-

+

.5

- -

- 1.6
- 5.8
- .1

.8 + .9
+ 4.7 - .3

Commodity dealers

- 4.2

- • 1 -13.2

+2.2

+ .5

+

.7

+1.6

+ 5-1 - 1 . 0

+2.4

+ .4

Sales finance companies

+22.2

-1.4 +36.5

-1.5

+2.5

+ 3.3

-1-7

-13.9 +2.4

- .5

-2.3

- 1.2

Public utilities (including transportation)

+53-0

+1.4 +44.7

+ •1

+2.3

+

+ .6

+ 3.6

+ -5

-

Construction

+ 2.0

- .7 + 3-7

-1.0

NOT

- 2.8

- 7-5

;+9-7j

1 1
MH
OH

1 1
H
HH

Trade:
Wholesale
Retail

Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San FranNew
All Dis- j
Boston
cisco
Louis apolis City
York delphia land mond
tricts P/1

.6

- -3

-5

+ 1.4 + .6

+ .2 +10.8

All other types of business

- -

ABLE

+ -7

-2.2

-

.2

-3-1

+ 3-3 -1.0

Net change in classified loans l/

+49.1

-6.6 +63.2

+3-7

+3.0

+11.4

-5.3

- 2.0

+ .3

+2.2

-4.3

-16.5

Unclassified changes - net

-39.1

+1.6 - 4.2

-1.7

+3.0

- 2.4

- .7

+ 4.0 - .3

-2.2

+ .3

-

.5

-36.0

Net change in commercial and
industrial loans

+10.0

-5.0 +59-0

+2.0

+6.0

+ 9.0

-6.0

+ 2.0

-4.0

-17.0

-36.0

"

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