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' • BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) December 7, 1955 CHMG.ES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY The $164 million increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended November 30 was largely to sales finance companies, $103 million; and to manufacturers and producers of petroleum, coal, chemicals, and rubber products, $51 million* Loans to manufacturers of food, liquor, and tobacco products decreased $13 million, the first weekly decrease in this business classification since late July. The net decrease of $5 million in loans to the wholesale and retail trade was the second weekly decrease in this business category since early July. Loans to manufacturers of textiles, apparel, and leather products decreased for the eighth consecutive week; the current decrease was $14 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 June 29, 1955 June 30, 1954 Week ended . t o . t o Nov. 302/ Nov. 30, 19552/ Dec. 1, 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 + + + 13 14 9 51 6 + + + + Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business - 5 + 13 +103 + 10 + 1 + 10 + + + + + + Classified changes - net Unclassified changes - net Net change in commercial, industrial, and agricultural loans Loans reclassified on October 5 408 70 73 150 52 +439 - 23 -534 + 45 - 49 370 476 219 59 97 310 +197 +502 -151 -292 + 67 +167 +171 - 7 +2,284 106 +366 - 36 +164 +2,178 + 318 +330 Total j>/ Preliminary; see footnote on attached table. + +2,496 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, NOVEMBER 30, 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 Commodity dealers Sales finance companies St. Minne- Kansas New San FranPhila- Cleve- RichAll Districts p/ Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco P/ (In millions of dollars) -12.5 -14.3 - 1.4 - .5 - .1 - 6.6 - 1.2 - 1.9 + 3.9 - .5 + + .4 - 1.5 + .2 .3 - 8.3 - 2.6 - 1.2 - .4 -- 1.4 + 8.8 +50.9 + 5.5 + 2.7 + 9*4 - 2.5 + 1.7 +33.7 + .1 - 1.7 + 5.6 - 1.0 - 1.5 + .9 - .4 - .3 + .1 + • 4 —+ 2.6 + 1.3 + .9 +17.2 - 1.2 + + + .2 + .1 + .1 - .1 + .3 .1 - 1.1 + (. 4 4 c) 5 ( ') +12.6 +103.0 #2 .9 + 1.4 + 3.1 - 3.9 + 7.8 - 2.2 - .1 + 1.2 .6 + 2.8 +58.6 + 3-3 +13.7 + 3.4 + 3.0 +13.0 + 6.4 + 3.0 - .5 - 2.0 - 1.7 - + 1.0 .1 + - 2.5 .5 .8 - .1 - 2.8 + .1 + 1.4 + .5 - 1.0 + 1.0 All other types of business +10.4 - .1 + 7.4 + .7 - +164.0 + - + 2.6 + 3.7 + + 1.4 Net change in commercial, industrial, and agricultural loans .7 " + - Construction - 7.1 - - .2 - 1.4 + 2.4 +12.5 Unclassified changes - net .2 + 1.0 - 1.4 *5 - .9 - 1.7 .1 + .1 - .4 - 4.1 + .5 -- +1.3 .4 .6 + .3 + .9 .7 - 3-1 + .7 .7 + 3.5 - 1.3 + 9.8 +171.1 .2 .1 - + + Public utilities (including transportation) Net change in classified loans l/ .3 + .4 + + 3.9 +131.0 - 1.0 •1 + 4.0 — -- — — .2 ( .3 2 3) ) .3 -1.5 -1.1 - .3 - 4.4 + .1 .4 + 2.5 - .2 + .1 + .9 + 1.0 - 1.1 +14.7 + 5.5 + 6.4 +21.0 +11.7 + .3 - .5 - 9.4 -12.5 .4 - .8 + + 1.1 -4o.o + 1.0 + 2.3 - .5 - 1.4 - 3.0 + 3.3 - 5.3 + 1.5 + 8.4 +25.5 + 5.0 +91.0 +17.0 + 5.0 + 5«0 +18.0 +15.0 - 5.0 + 1.0 - 1.0 +13.0 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 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 these of all commercial banks.
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