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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) August 24, 1955 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY All industrial classifications except manufacturers and producers of petroleum, coal, chemicals, and rubber products participated in the increase of $186 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended August 17. The principal increases were $45 million in loans to sales finance companies, $27 million to public utilities, $26 million to manufacturers of metals and metal products, and $17 million to manufacturers of textiles, apparel, and leather products. Loans to the construction industry increased $6 million in the Dallas District and by smaller amounts in eight other districts; the net increase during the week was $13 million. 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 Cumulative since mid-year Week June 29, 1955 June 30, 1954 ended . t o . t o Aug. 172/ Aug. 17, 19552/ Aug. 18, 1954 (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 + 2 + 17 + 26 - IT + 9 + + + 49 92 25 14 53 + - 3 72 224 65 7 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + + + + + + 10 7 45 27 13 15 + 60 + 76 +168 + 54 + 38 +i4o + + - 18 105 51 115 31 37 Classified changes - net Unclassified changes - net +154 + 32 +620 -181 - 310 - 815 Net change in commercial, industrial, and agricultural loans +186 +439 -1,125 p/ Preliminary; see footnote on attached table. H.12(a) CEAEGES IN COMMERCIAL ADD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BAMKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 17, 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 Districts P / T, . Boston + 2.3 +17.3 I New | York + 1.3 - 1.0 - .4 + 2.4 + 4.6 + 1 . 0 +26.3 -17.2 + 8.8 + .7 + + 4.9 .9 .7 .4 + 9.6 + .7 + .1 + 2.6 + 3.6 - + 1.7 #3 - .3 (,+ 0 9 77) ( -) - 1.5 .5 + . 8 - 2.2 + 2.1 - 1.5 - .2 .2 + + *3 - 3.1 .6 + + .8 +2.5 - 1.3 .2 + 3.9 + 1 . 0 +1.3 + .1 + .8 + 6.2 + .5 + .6 + .1 + .4 - 4.6 + 2.7 + 3.5 - -9 - 1.7 + 2.1 - .4 - 1.6 - 2.3 - - Sales finance companies +44.9 - 4.6 +52.5 Public utilities (including transportation) +27.3 + Construction +13.2 All other types of business +15.0 Net change in commercial, industrial, and agricultural loans .5 + + + 3.2 + 1.3 - - + 1.4 + 7.6 + .4 - .1 -14.1 - .5 + .2 + 3.8 + 2 . 7 + 6.6 Unclassified changes - net - 1.2 + 3.1 - 1.2 + 1.1 + 1.7 .8 *3 - .8 .2 - 2.7 + .2 • Commodity dealers Net change in classified loans l/ Phila- Cleve- RichSt. Minne- Kansas San, FranAtlanta Chicago delphia land mond Louis apolis City Dallas cisco P/ (In millions of do]Liars) + .4 .9 + - - - - + *1 .1 - .6 . 2 + 1.9 • 3 - 2.5 („ .8 + .3 ( - 7) *T) .6 + 2.2 .5 - • + — .2 - .5 + 6.5 - .7 .3 •5 .8 +20.7 + .8 + 1.9 - .5 + .2 + 3.3 - 1.9 + 1 . 0 + 1.0 .7 + .1 + 1.0 - .7 + .4 + 3.2 + 1.6 + .1 - - .5 +15.3 - .5 + .3 + + - .1 - 1.7 + 2.3 - +154.2 + .4 +102.7 + 7.3 - .3 + 2.6 + 3.2 +22.1 - 1.1 + 7*6 - 3.7 + 9.7 + 3.7 +31.8 + .6 + .3 - 4.6 - - + +186.0 .3 + +17.3 - 1.3 + 1.0 +120.0 + 6 . 0 .1 — — .2 - 2.0 + 3.0 .8 .1 +22.0 .8 4- •1 + .4 + - 1.0 + 8.0 — - .5 + 6.4 + 1.2 .4 .7 + 3.3 +15.3 - 3.0 +13.0 +19.0 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 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.
@FedFRASER