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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) January 18, 1956 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Decreases of $193 million in loans to sales finance companies, $22 million to manufacturers of food, liquor, and tobacco products, $20 million to "other" types of business, and $61 million to unclassified borrowers were the principal tactors in the $252 million decrease in commercial and industrial loans at weekly reporting member banks during the week ended January 11. The principal offsetting increase was $35 million in loans to manufacturers of metals and metal products. The decrease in decrease in this business of 1951; it was reflected metals and metal products loans to sales finance companies was the largest weekly category since the series was inaugurated in the spring in all districts. Increases in loans to manufacturers of occurred in all but the St. Louis District. 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: Cumulative since mid-year Week June 29, 1955 June 30, 1954 ended to to Jan. ll£/ Jan. 11, 1956PJ Jan. 12, 1955 (in millions of dollars) 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 Classified changes - net Unclassified changes - net 1/ Net change in commercial and in trial loans l/ Loans reclassified on October 5 Total W - 22 + 410 +421 + 4 + 35 + 4 +11 + 7 1 + 258 + 280 + 7 2 - 16 -544 + 80 - 64 - 5 - 11 -193 - 1 + 7 - 20 + 234 + 448 + 564 + 49 +107 + 317 +52 +472 + 30 -230 +85 + 99 -191 - 61 +2,860 - 288 +385 -112 -252 +2,572 + 318 +273 5- +2,890 Preliminary; see footnote on attached table. Prior to the week ended January 4, 1956 unclassified changes and total net change include changes in agricultural loans, which are now reported separately. H.12(a) CHANGES IN COMMERCIAL AM) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 11, 1956 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 All DisBoston tricts P/ New York St. Phila- Cleve- RichAtlanta Chicago delphia land mond Louis (In millions of dollars) -22.0 + 4.1 + + .8 5-6 + .5 + 2.4 + .6 .8 - 3-7 + .3 + +34.5 + 4.4 + 2.4 +11.5 + - .3 + .9 + + .6 + 1.0 - .5 .4 .3 + 3.7 + - .2 + 1.1 + + 1 0 . 6 < ,, j ( - 4.9, - 1 0 . 6 -193.0 .2 + 2.0 - 1.7 - 1.1 + 4.1 + 1.3 - .7 + 2.4 + .9 + .5 .6 .5 .9 - — - 8.0 - 2.4 Minne- Kansas San FranDallas apolis City cisco P/ - 4.2 + .7 + .6 + .6 .4 .5 + .2 + .1 .2 + 2.3 +11.1 .1 •3 + .3 .5 - 2.2 - 5.1 - 2.2 + + -5 + — — + 2 . 9 + 3 . 0 + + - 6.6 + 3-2 - 3.9 -21.9 - 3.5 - 1.2 -37.6 - 1.5 - - -- + .1 + 3.1 + e 1 + .4 - 2.7 + 5.2 -95.0 - 1.5 + - .2 + 7.1 - .4 - 1.1 - .9 + All other types of business -19.9 - 5.0 - 9.8 - .2 + 3.3 - 1.7 + 1.7 - 5.8 - 1.2 - 1 8 . 7 -90.9 + 1.3 - 1 9 . 6 - + 2.6 -45.0 - 8.7 + + -12.1 + 4.6 - 8.6 - 3.0 - 2.3 - - 6.0 -48.0 -11.0 + - 1 0 3 . 0 - 1.3 .4 -15.O + 6 . 2 - CXJ -18.0 .1 -d+ - 2 5 2 . 0 .7 .5 - 1.3 Construction Net change in commercial and" industrial loans .9 . 5 .3 -13.5 .7 + - - .3 - 6 0 . 9 .9 + 3.5 .7 + 1.6 .1 + 3.0 - 1.5 - Unclassified changes - net .6 + .4 - - 2.2 - 1.4 -191.1 - 1.4 + .1 .9 + Public utilities (including transportation) Net change in classified leans l/ .2 - 1.6 + 2.8 .4 + .5 + .3 2 . 0 .2 + - 1 . 0 + n - . 7 - 1.4 - .6 - 2 . 5 - - - 3 . 2 - 2 . 5 2 . 5 (. ( 6 - .5 - •7 - .3 #2 - 3.2 + - - 3 . 9 - 9.1 + 9 . 0 *1 6 . 0 .8 8 . 9 + 1*1 + 1*4 - 9 . 6 - 2.9 -35.4 -13.0 + 6.0 - 4 5 . 0 ,9 - 3.9 3 . 0 + ) .2 .5 .6 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 JO per cent of those of all commercial banks.
@FedFRASER