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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) August 17, 1955 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Practically all industrial classifications participated in the increase of $204 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended August 10. The offsetting decrease was $17 million in loans to manufacturers of metals and metal products. The principal increases were $62 million in loans to sales finance companies, $36 million to "other" types of business, and $21 million each to the wholesale and retail trade and to public utilities. Changes in loans during the week and since the 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 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business Cumulative since mid-year June 29, 1955 June 30, 1954 Week ended . to . to Aug. lQfi/ Aug. 10, 1955—' Aug. 11, 1954 (In millions of dollars) + 11 + 14 - 17 + 6 + 9 + 21 + 9 + + + 50 75 52 31 45 + 28 + - 57 179 47 9 - 17 + 56 + 71 + 83 - + 25 + 48 99 27 - 35 240 815 + 62 + 21 +116 + 28 + 1 + 36 +122 Classified changes - net Unclassified changes - net +172 + 32 +467 -214 - Net change in commercial, industrial, and agricultural loans +204 +253 -1,055 p/ Preliminary; see footnote on attached table. H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 10, 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 (Boston! tricts P/ York 1 +11.1 +14.2 + + -17.4 + 5-7 + 8.5 + 1.9 + .6 (+20.9) 4.6 • 7 - .3 .8 + 7.9 + .6 3-2 3.4 .9 + 1.7 +11.8 + • 3 + 9.2 - Sales finance companies +62.3 + 2.2 Public utilities (including transportation) +20.9 + Construction + All other types of business +35.9 Unclassified changes - net Net change in commercial, industrial, and agricultural loans -13.8 .5 - 1.8 + 1.7 + 1.5 3.5 - .5 - .4 .2 + 1.0 + 2.0 + .8 + •5 + 1.3 + .9 .2 - .8 +22.3 .k +15.2 - - - 1.0 + 6.4 - .3 .9 +23.6 +172.2 + 8.4 +31.8 +204.0 + 2.4 - .7 .6 •1 .9 + 1.4 .3 •3 + .2 + 3.1 .2 .8 + .5 - 2.5 + .9 + 1.3 + 1.9 + 1.4 - +10.8 + .8 + 1.4 +18.6 + 4.6 + 1.1 - .1 + .1 - 1.2 + .2 - .1 + .6 - + 1.5 + .2 + 1.0 .4 - .8 + 5.0 + .1 + .6 + 5.3 +53-9 + 7.2 + 1.7 - 2.5 + 3 . 7 + 8.1 - 1.2 + 1.3 - 2.5 2.7 +14.9 - 5.0 + 1 . 0 +23.0 + .7 .7 + 4.0 + .3 + 2 . 3 .5 - 1.4 + 2.6 - +68.9 - 1.5 +11.9 + 7.1 + 3.6 +13.1 + 3.5 + 3.1 - .7 - 1.9 +12.0 +82 • 0 + 2.0 +15.0 + 7.0 + 6.0 +52.0 + •3 •3 + + .2 + 2.0 + 1.6 + . .7 + .5 - .2 - .1 + 1.5 + .3 .6 .7 - - 1.0 2.9 + 1.9 + - .2 — .3 +20.0 + .3 + 2.4 + 3.7 + 2.0 + 5.2 Commodity dealers Net change in classified loans 1/ Phila- Cleve- RichSt. Minne- Kansas San FranAtlanta Chicago delphia land mond Louis apolis City Dallas cisco p/ (In millions of dollars) .1 + 2.9 + .8 .3 + .1 + + .3 .3 1.2 + 2.7 + •5 - + 3.0 • ! - 1.3 + 3.6 - 2.2 - .7 + 1.7 + + 6.0 I* 3 3.0 • 3 + 1.4 - 5.3 .5 + 5 . 7 - + 2.1 - .1 + 1.6 + 1.0 + .5 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. 3./ About 220 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.
@FedFRASER