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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

January 19, 1955

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $44 million in loans to sales finance companies and
$42 million to commodity dealers were the principal factors in the $97 million
decrease in commercial, industrial, and agricultural loans at weekly reporting
member "banks during the week ended January 12.
The decrease in loans to commodity dealers was the largest weekly decrease in this business category since March 195^ J it occurred largely in the
New York and St. Louis Districts, although sevfn other districts showed decreases.
An $18 million decrease in loans to manufacturers or producers of petroleum, coal,
chemicals, and rubber products followed three consecutive weekly increases. Net
repayments of $11 million were made by the wholesale and retail trade, the fifth
consecutive weekly decrease. Following two weeks of relatively small decreases,
loans to manufacturers of textiles, apparel, and leather products increased
$11 million during the week.
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

Cumulative since mid-year
Week
June 30, 1954 to July 1, 1953 to
ended
>P/ Jan. 12, 19552/
Jan. 13, 1954
Jan. 12
(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

- 4
+11
+ 2
-18
+ 5

+425
- l6
-543
+ 79
- 64

+450
-107
-456
+133
- 71

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

-11
-42
-44
- 1
+ 5
+ 4

+ 53
+473
+ 30
-230
+ 86
+134

- 72
+357
-226
+ 91
- 29
+ 99

Classified changes - net
Unclassified changes - net

-94
z_3

+426
- 73

+170
+ 91

Net change in commercial, industrial, and agricultural loans

-97

+353

+261

g/ Preliminary; see footnote on attached table.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JANUARY 12, 1955

H.12(a)

Business of Borrower

All Dis7 Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Fran-%
cicco £/
Louis apolis City
tricts E/
York delphia land mond
(In millions of dollars)

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

.2 -

- 3.7
+10.7

- 2.0 + 7.2 + 1.5 + 5-7

.9

+ 2.0

- 3.2 + 2.1 +
- -3 - 8.0 +
+ 1.0 + 3.1

.6

. + -7
6
.2 - 2.3

-18.1
+ 5.2

u 2

;- - )

•5
.1

.4

+
+
+

.4 - 2.0

- 4.0

+ 1.8

.3 + 2.1
• 5 - 4.0
.3 + 3.6

- 1.8 - .3 - 1.2 -

+ .
9
+
+

.1
.2

+ .1 +

.5

.6

.2 + .2 + .2
.2 - 1.3 - 2.6
.1 + .5 - 1.1

+

+

.1

.6

- .8
- .2
- .1

- 1.3 + 1.0 - .2

.1

.4

- .9
- 2.0

- 1.5
+ .3

- .8

,2 + .4
. + .8
6

•9

- 1.0

+ .1

-15.3

• 7 - 1.5 + 1.3

- 2.0

-

.1

-14.0

+

.3

.3 -

.4

+ .8

.
6

+

.4

.1

+

.2

- 2.1

+

.5 - 1-1 +

.5 + 7-3 + 1.3 - 1.8 - 3.1

-

-

.9

+

-

.7 -

—

.5 +

.8 - 3-5 - 2.3

Commodity dealers

-42.3

- 1.9 -19.8 - .8 + .2

Sales finance companies

-44.1

- 2.2 -22.4 -

Public utilities (including transportation)

- 1.1

Construction

+ 4.9

All other types of business

+ 3.6

.1 - 6.5

.1 -

.7 +

*3 +

.5 -

.4 +

.7 + 3.9 -

Net change in classified loans l/

-94.1

- 7.8

-30.7 -

Unclassified changes - net

- 2.9

- 7.2

- 8.3

Net change in commercial, industrial,
and agricultural loans

-97.0

-15.0

-39.0 - 2.0

«3

1.4

.1 +

.1

+2.0

+ 1.1 -

.1

- 2.3

.1 + 3.3

+

.4

.4 - 2.1 + 2.9

+

.3

- 2.4

-18.0

-16.2 - 2.1 - 3.0 + 4.8

- 2.7

.2

- 2.6

-18.0

-

.8 - 2.9 - 1.0 + 4.2

+36.7

-10.0 - 7.0

- 5.0

-36.O

-17.0 - 5.0 - 4.0 + 9.0

+34.0

.4 - 8.4 - 7.2

- 1.6

.3

) + 1.1
- 1.8

•7
)

- 1.6 +

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.
1J About 220 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold over 90 F e r cent of total
commercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.


4



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