The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) December 28, 1955 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The net increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended December 21 was $287 million. The principal increases were $116 million in loans to sales finance companies, $64 million to manufacturers of metals and metal products, $46 million to manufacturers of food, liquor, and tobacco products, and $17 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products. The increase in loans to manufacturers of metals and metal products was the largest increase in this business category since mid-June. 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 Week June 29, 1955 June 30, 1954 ended . t o to Dec. 212/ Dec. 21, 19552/ Dec. 22, 1954 (in millions of dollars) + + + + 46 10 64 17 - - - 2 + 8 +116 - 1 4- + + + + + + + - + 6 + - 7 + 496 90 208 172 67 +540 - 22 -538 + 78 - 60 373 483 570 52 117 338 +154 + 531 - 57 -293 + 89 +138 Classified changes - net Unclassified changes - net +257 + 30 +2,861 76 +561 - 22 Net change in commercial, industrial, and agricultural loans Loans reclassified on October 5 +287 +2,785 + 318 +539 Total p/ Preliminary; see footnote on attached table. - +3,103 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, DECEMBER 21, 1955 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 Trade: Wholesale Retail Commodity dealers Sales finance companies St. Minne- Kansas - , 1 San FranPhila- Cleve- RichNew All DisAtlanta Chicago Boston mond tricts p/ Louis apolis City Dallas |Cisco York delphia land (In millions of dollars) +17.5 - 1.5 - 3.2 - + 4.2 + .8 - .2 + .4 - 1.2 + 1.6 + 1.6 - .7 - .3 + .3 •3 .5 + 1.2 - 2.0 + 1.6 + - .2 - .1 - 2.6 + 2.0 + +23.5 + 1.5 + 2.2 +53.0 + 5.5 + 2.1 + 5.9 + 6.7 + 1.2 + 1.7 + .3 + .1 - .1 - .2 + 1.5 + .6 + 1.1 + .8 .9 - 2.0 + 1.9 + .3 + + 1.6 +29.2 + 4.3 + .5 +11.4 + .3 - .5 + 1.0 + 1.9 + 6.6 + .1 + + 3*6 + .6 + 1.0 + 1.0 (- 2.2) ( ) .6 +10.5 - 1.4 + 1.2 -10.4 - 4.9 + 3.8 + 1.3 + - .1 - .8 + + + 8.4 +115.7 . •7 - 1.0 .6 + 7.8 4" • 1 + 1.6 + 8.6 + 5.1 .3 - -- •1 .1 - .2 .7 - .8 + 1.2 + .1 + .1 .3 NOT .3 (_ 1.0) AVAIL) .1 ( .5 - 2.2 .9 - 5.7 + .4 + 2.4 + .1 + 6.1 - 1.6 + 2.2 + .4 + .1 - .2 + 1*4 - 6.9 + .2 -14.7 + .5 + .1 +256.7 + »9 +87.7 + 5.0 +42.1 + 2.8 + 2.7 +77.4 +14.4 + 3.3 + 9.0 +11.4 +30.3 + 2.1 - 9.7 + 4.0 + 3.9 + 4.2 - 3.7 + 8.6 + .6 - 2.3 + 4.0 + 1.6 +17*0 +287.O + 3.0 +78.0 + 9.0 +46.0 + 7.0 - 1.0 +86.0 +15.0 + 1.0 +13.0 +13.0 +17.0 Construction All other types of business Net change in commercial, industrial, and agricultural loans .3 .3 .6 +64.4 +17.0 - .4 - Unclassified changes - net - 2.4 + + .1 - - 1.1 +34.9 - .1 +12.9 Public utilities (including transportation) Net change in classified loans l/ .3 + 1.0 .4 - .1 +12.3 - .9 + 1.5 - .7 - +45.5 + 9.6 .5 - mm «•» — + ABLE .3 + 5.6 |>J Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the -Reserve Bank, \ J 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.
@FedFRASER