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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM February 2, 1955 (For Immediate Release) H>12 CHARGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY Practically all business classifications participated in the decrease of $100 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended January 26. The principal decreases were $20 million in loans to "other" types of business, $18 million each to the wholesale and retail trade and to public utilities, and $17 million to manufacturers of food, liquor, and tobacco products. Following three weeks of moderate increases, loans to manufacturers of metals and metal products decreased $12 million during the week. The only net increases reported by industrial classifications during the week were $14 million in loans to manufacturers of textiles, apparel, and leather products and $3 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products. It was the third consecutive weekly increase in loans to manufacturers of textiles, apparel, and leather products; the current increase occurred in all but two districts. Changes in loans during the week and since 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 Cumulative since mid-year Week June 30, 1954 July 1, 1953 ended , to , to Jan. 26B/ Jan. 26, 195 5^/ Jan. 27, 195% (In millions of dollars) - 17 + 14 - 12 + 3 - 5 +388 + 3 -540 + 87 - 71 +439 - 93 -477 + 34 - 80 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business - 18 - 6 - 2 - 18 - 20 + 6 +458 + 39 -234 + 86 + 88 -114 +355 -290 + 75 - 34 + 59 Classified changes - net Unclassified changes - net - 81 - 19 +308 -129 -127 + 44 Net change in commercial, industrial, and agricultural loans -100 +179 ' 83 p/ Preliminary; see footnote on attached table, CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAIIPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 26, 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 St. Minne-|Kansas San Frann All DieI New Phila- Cleve- Richtricts p/i Boston i York delphia land mond Atlanta Chicago Louis apolisl City Dallas cisco £/ (In millions of dollars) -16.5 +13.5 + .6 .7 - 2.2 + 4.4 - 1.4 - 1.6 -12.0 + 3-2 - 5.4 + .1 .5 - 2.3 - 8.6 + 4.8 .1 .8 .6 + 1.6 + - 2.4 - 1.6 + Trade: Wholesale Retail - - + - + 4.6 .4 .2 •3 .1 — — + 3.2 + + .1 .9 .2 .4 - 2.2 .8 + .1 + - .4 .2 .1 .2 - — .7 - 3.6 - 1.2 — 1.2 + - 1.5 + .2 - 1.1 .7 + .6 - 1.3 + 1.1 - .4 .1 - 3.7 + 7.5 Sales finance companies - 2.2 - 8.1 + 7.8 + .3 + 7.6 - .5 Public utilities (including transportation) -17.5 - 6.2 .1 - - 2.1 C onstrue tion - - All other types of business -19-8 - 5-5 .1 + 1.9 + - 1.4 .9 -17.2 + Net change in classified loans 1/ -80.6 -22.9 Unclassified changes - net -19.4 + -100.0 + — - 5-5 Net change in commercial, industrial, and agricultural loans 6.0 + 4.1 - - Commodity dealers .1 .3 + 1-5 .6 -12.4 - 5*6 .9 -12.6 + 1.6 -22.0 -25.0 - 4.0 .3 - 1.4 + + 1.3 + + - .4 - 2.2 .4 .2 - .4 6.1 + -7 - 4.6 •7 + •1 + .1 - 1 . 4 .6 1.9 .2 •3 1.6 .3 + •3 .5 — . 3 2.0 + 3-0 - .1 + 1.4 + 2.5 + — 3.4 - -13.6 - 1.4 -15.0 + + •5 .1 + + .6 .2 + - •3 .1 •9 - .3 - + - + - - .2 •3 - - 1.6 .1 •9 .4 + -5 + .1 - 3.1 .1 1.7 : :J|- 1 - 3 ) 2.1 - .7 + 1.0 - - - - + + •7 .1 .3 - .8 + bo Co B. 12(a) + 1.5 - 2.1 - 1.1 - 2.5 + -9 - .4 - 2.8 + .4 + .1 + 2.2 - 2.4 + 3.3 - 5.8 9-7 - 2.9 - 3-9 - 2.2 -11.6 1.3 - - -4.8 +1.6 -11.0 .1 - 3.0 .1 - 4.0 - 7.0 -10.0 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 70 per cent of those of all commercial banks.
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