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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

February 9, 1955

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $26 million in loans to manufacturers of food, liquor,
and tobacco products, $12 million to the wholesale and retail trade, and $49
million to unclassified borrowers were partly offset by increases of $29 million
in loans to sales finance companies, $18 million to manufacturers of textiles,
apparel, and leather products, and $14 million to "other" types of business, The
net decrease in commercial, industrial, and agricultural loans was $20 million at
weekly reporting member banks during the week ended February 2.
The increase in loans to manufacturers of textiles, apparel, and leather
products was the largest weakly increase in this business category since March of
last year and was reflected in all districts.
Changes in loans during the week and since year-end are shown below;
the third column shows the changes during the comparable period last year:

Business of Borrower

Cumulative since year-end
Week
Dec. 29, 195%
Dec. 30, 1953
ended .
to
.
to
Feb. 2E'
Feb. 2, 1955^' Feb. 3» 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

+ 3
+ 6
- 2

Trade -- wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Othsr types of business

-26
+18

-144
+ 47
+ 9
+ 6
- 12

-111
+ 27
-141

-12
- 5
+29
+ 9
- 5
+14

-127
- 87
+ 34
- 1
- 66

-139
- 36
-145
- 15
- 13
- 59

Classified changes - net
Unclassified changes - net

+29
-49

-342
- 90

-772
+ 30

Net change in commercial, industrial, and agricultural loans

-20

-432

-742

- -

-105
- 35

p/ Preliminary; see footnote on attached table.

In addition to the usual weekly table, a monthly table is attached showing changes during January compared with the preceding month and with January 1954;
and also showing changes during the past twelve months.
In many respects, changes during January were the seasonal reversals of
previous monthly trends and similar to changes in January 1954. Loans to manufacturers of food, liquor, and tobacco products showed the first monthly decrease
since August and loans to commodity dealers showed the first monthly decrease since
June, and "other" types of business showed the first decrease since July. Loans to
manufacturers of textiles, apparel, and leather products, which had decreased during the previous three months, increased in January as they had in January 1954.
The small increase in loans to manufacturers of metals and metal products was the
first monthly increase in this business industry since last March.
Previous trends continued in some of the other business categories.
Loans to the wholesale and retail trade decreased for the second consecutive month,
loans to "other" manufacturing and mining decreased for the fourth consecutive
month, and loans to the construction industry increased for the twelfth consecutive month.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OP WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,

H.12(a)

WEEK ENDED WEDNESDAY, FEBRUARY 2, 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

All Dis 7
Boston
tricts £/

New
York

St.
Phila- Cleve- RichAtlanta Chicago
Louis
mond
delphia land
(In millions of dollars)

+
+

1.2 - 2.7 + 2.0
1.2 + 4.5 + 1.4

+
+

.8
.8

.6
+ 1.5

+

2.5
.2
.4

+ 3.4
+ 7-7
- 3.9

+ 2.6
+ 1.0
.1

1.8
.6
+
.2

+
+

.2
.1
.6

+

.2
3.1

- 4.6
+ 6.4

+

1.5
5.6

- 2.4
1.7

1.3
+
.1

+

5-1

+

.5

- 5.0

--

-

- 2.9

-

Sales finance companies

+28.8

+

+

3.6

- 2.1

Public utilities (including transportation)

+ 9.1

-

.2

+ 2.6

+

.2

-

•3 +

Construction

- 4.8

+

.3

- 2.5

- 1.0

-

•5 -

.2

All other types of business

+13.8

+

.9 + 5.0

1.4

+

.2

Net change in classified loans l/

+29.4

-

.3 +20.1

+ 4.2

Unclassified changes - net

-49.4

+

4.3

-55.1

+

Net change in commercial, industrial,
and agricultural loans

-20.0

+

4.0

-35.0

+10.0

Trade:
Wholesale
Retail
Commodity dealers

-25.5
+18.4
+ 2.9
+ 5.7
- 2.0

i - H
"

\i

1.0 + 9.2

5.8

.8

-

+
.4
+ 1.2

-19.6
+ 1.6

+ 4.8

+

+
+
+

.6
.3
.6

+

.1
.4

+
.2
+
.7
- 1.1

+

.1
.2
.1

+
+

.1
.1

.3

+ 1.6

+ 4.3

+ 1.4

+ 3.2

+

.8

•5 +

.4

+

.4

- 1.2
1.3

1.5 +
•5

•5

6.4

+

.9
.8

.2
•5 +
1.1
.7
+
.1

+

+

1.4
.4

.2

1.2
+

.7

) + 1.5
) + 2.0

•5 + 1.1
•3
•3 +

•9

.3

- 3.3

-

.3

+ 1.0

-

+

1.6

.4

+

3.7

-

2.3

-

1.7

-

2.0

+ 4.4

+ 2.4

+

9.8

•5 +

.6

+

.4

+

.2

+

2.2

+ 1.5

+

+ 4.0

+ 2.2

-

6.1

+12.5

-

.1

- 1.3

- 6.2

+

9.5

+

- 3-9

+ 2.3

- 1.8

-

.5

4.0

+ 1.0

- 8.0

+

9.0

1.7

1.5

+ 2.6

-

2.6

+

7.9

-

-

.4

-

.9

- 9.0

+

1.1
.1

.7
.2

- 8.2
.8

3.5

San Fran-r,
Minne- Kansas
Dallas
cisco 2/
City
apolis

- 3-0

+ 7-0

-

+ 1.1

-

5.0

+

.5

+13.0

-

2.3

-

•3 +

2/ 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 $0 p«' cent of total
commercial and industrial loans of all weekly reporting member banks and nearly "JO per cent of those of all commercial banks.



CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

H.12(b)

Business of Borrower

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

4 weeks
ended
Jan. 26, 1955

4 weeks
5 weeks
ended
ended
Dec. 29, 1954 Jan. 27, 1954
(In millions3 of dollars)

12 months
ended
Jan. 26, 1955

-118.5
+ 28.4

+110.5
- 30.4

- 97.4
+ 13.8

- 27.7
+ 44.3

+ 6.5
,2
- 10.1

- 24.2
+ 49.4
- l6.6

-151.6
-103.9
- 31-2

+180.9
- 42.0

-115.5

- 67.9

-107.6

+ 71.7

Commodity dealers

- 81.6

+ 78.1

- 36.8

+130.4

Sales finance companies

+

5.0

+228.2

-153.0

+ 14.9

Public utilities (including transportation)

-

9-4

+ 45.6

- 15.7

- 93.2

Construction

+

3*8

+ 13-6

- 10.6

+167.1

All other types of business

- 79.8

+

3-7

- 42.5

+236.1

Net change in classified loans 1/

-371.4

+390.0

-736.5

-284.5

Unclassified changes - net

- 40.6

- 36.0

-141.5

-143.5

Net change in commercial, industrial, and
agricultural loans

-412.0

+354.0

-878.0

-428.0

Trade —

wholesale and retail

1/ See footnote on preceding table regarding current coverage.




-967.O


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102