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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM 2*12 (For Immediate Release) April 20, 1955 CHANGES IK COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY increases of $24 million in loans to sales finance companies, $18 °SV° wholesale and retail trade, $17 million to "other" types of business, million to the construction industry, and $42 million to unclassified borrowers were the principal factors in the $98 million increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended 13- Offsetting decreases included $21* million in loans to manufacturers 01 i°od, liquor, and tobacco products and $22 million to commodity dealers. T ^ e increase in the construction industry was the largest increase in this usiness category since the series was inaugurated in the spring of 1951: it was reflected in nine districts. ' ,, . Changes in loans during the week and since the year-end are shown below: the third column shows the changes during the comparable period last year: Business of Borrower Cumulative since year-end Week Dec. 29, 1954 Dec. 30, 1953 ended . t o to Apr. 132/ Apr. 13. 195SB/ Apr. 14, 1954 (in millions of dollars) -24 + 1 + 4 + 5 + 7 -343 +193 + 98 +191 + 59 -312 + 93 - 82 - 76 - 5 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business +18 -22 +24 + 9 +16 +17 + 15 -322 +197 + 93 + 22 + 36 - 51 -272 -201 - 7 + 23 + 60 Classified changes - net Unclassified changes - net +57 +42 +237 - 69 Net change in commercial, industrial, and agricultural loans +98 +168 g/ Preliminary; see footnote on attached table. 1 3 CO Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining + 8 -822 H# 12(a)- CHANGES- IN COMMERCIAL AMU. INDUSTRIAL IDANS .OF A SAMPLE OF WEEKLY REPORTING- MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 13, 1955 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 DisNew [Phila- Cleve-I Rich- A4 , . „ St. iMinne- Kansas San Frantrlcts £/ Boston York delphia land ) mofld Atlanta Chicago Louis 1 spoils City Dallas cisco B/ T i n l millions of dollars) -23.5 + 1.1 - 2.3 - 6.2 + + 1.6 + 1.7 - .9 .1 - + 3.8 + 5.1 + 6.9 - .4 - 4.7 + + .9 + 1.4 + 1.4 - 2.0 + .1 .2 .9 + 2.8 + + - .1 + .4 .9 + .2 „5 .8 + .2 .1 - .4 •3 .4 + .9 + 2.0 + 2.4 + .7 .4 + 6.2 + 1 . 3 + + + .3 + + 1.1 + .5 .5 - + 7.4 - 1.3 - .5 + .9 - 2.4 + .6 + .2 +11.2 .7 .2 - 9.2 4. * • - 2.2 - 2.3 K + 1*6 * p .5 + 4 i*T - 1.0 ~ *2 + +1.4 + .9 .7 + .3 + I+18.2! - .8 - .9 + 1.8 + 1.1 - 6.8 + 1.7 + .7 + 1.0 + + 3.1 + .4 + Commodity dealers -21.8 - 5.1 -14.4 - 3.4 - Sales finance companies +24 A + 1 1 . 0 - .7 + 2.2 + 1.9 - .5 + .2 + 5*4 + 3.5 - 1.4 - .3 Public utilities (including transportation) + 8.9 - .5 - 2.7 + 1.0 - 1.8 + .7 + .4 + 1.5 - .8 - Construction +16.1 + .4 + - .4 + .1 + .1 - + 5.2 - All other types of business +17.3 + .7 + 4.3 + 2.7 + .4 - 1.0 +56.5 + 8.0 -30.2 + 8.2 + 4.5 + +41.5 + 1.0 + 9.2 + Net change in classified loans 1/ , Unclassified changes - net Net change in commercial, industrial, and agricultural loans ! +98.0 i + 9.0 .8 + .6 .8 -21.0 + 9.0 .8 - .5 - 1.4 .3 .7 .4 .5 .2 + .3 - 6 . 5 + .4 - 6.1 +19.0 +14.6 + + 5-5 + 2.6 - 1.9 + 7.0 + 2.4 - 2.7 + +10.0 + - 8.0 + 2 6 . 0 + 1 7 . 0 3.0 + - 1.1 + .4 .2 + .8 + .2 + 3.1 (• 2 - 4 .1 + 1.7 + 6.4 - 9.0 .7 .1 .4 + 1.4 + 1*4 + 4.2 .7 + 3.9 +13.6 1.1 + 3.4 - 2.0 + 5.0 + 1 7 . 0 + .8 + 2.1 2.5 + 2.0 + .3 +19.9 +13.1 +33-0 2/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank.
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