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t.J

BOARD 1 GOVERNORS OF THE FEDERAL RESERVE SYSTEM
JJ

4 %<'/
%

(For Immediate Release)

January 5, 1955

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net.increases of $86 million in loans to sales finance companies,
$56 million to public utilities, and $29 million to "other" types of business
were partly offset by decreases of $38 million in loans to manufacturers of
food, liquor, and tobacco products, $30 million to the wholesale and retail trade,
and $30 million in unclassified borrowings. The net increase in commercial,
industrial, and agricultural loans at weekly reporting member banks during the
week ended December 29 was $63 million.
The increase in loans to sales finance companies was the largest weekly
increase in this business category since December 1953, and the increase in loans
to public utilities was the largest since June 195^• Loans to commodity dealers
increased $9 million, with an increase of $11 million in the New York District
partly offset by a decrease of $5 million in the St. Louis District.
The decrease in loans to manufacturers of food, liquor, and tobacco
products was the second weekly decrease in this business category since August,
and the trade decrease was the largest since February 1954.
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

Week
Cumulative since mid-year
ended , June 30 to
, July 1 to
Dec. 29'
£/ Dec. 29, 1 9 5 W Dec. 30, 1953
(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
Trade -- wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

-38
- 4

+502

+537

+ 5
- 1

+ 83
- 61

-326
+138
- 49

-30
+ 9
+86

+124
+541
+ 29
-237
+ 82

- 7
+392
-137
+ 91
- 23

-11

+56

- 7
+29

- 26
-549

+166

-107

+101

Classified changes - net
Unclassified changes - net

+93
-30

+654
- 52

+610
+185

Net change in commercial, industrial, and agricultural loans

+63

+602

+795

p/ Preliminary; see footnote on attached table.




CHANGES' IN COMMERCIAL AMD" INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORT1NC* MEMBER BASES
BY INDUSTRY AH) FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, DECEMBER 29, 1954

5.12(a)

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

trictfS/

Bost

°n

New J Phila- Cleve- Rich- Atlanta Chicago
mond
York jdelphla land
(in millions of dollars)

-37.5
- 4.3

.9 -22.1
1.0 - 2.8

1.3

1.0

.2

.5
.3 - .7

-11.2
+ 4.6

+ 2.6 - 3.3
+ 1.1 - 5-2
+ 1.0 - .7

2.6
.1

5.5 - #2
2.1 + .5

-

.8

(
(-*»)

-

•3 +

.7

.8

.2 + .8

-1.4

- 5.3
+ .5

-1.6
+ .5

- .6
- .5

- .2

+ 1.2
+ 1.6

+ .4

- 2.1

-2.6
+ .6
- .8

- 2.1
- 7-7

+1.3
-3-2

-1.0

-5.0

+1.3

+ .2
+ -3
+ -3

+ 2.5
• 3 - 1.2
- .8
-11.4
+
.5

+

- .6

- .2
-1.2

+ 1.8 +2.3

-1.8

+ 1.3

San Fran^
St. jMinne- Kansas
Dallas
cicco E/
Louis|apolis City

+ .2

-1.1

- .5
- .1

- 2.2

-

.1

+

.1

- .4

+

.2

-

.8

+1.8

- .1

+ 7-5

+ 1.2

- 1.4
+
.4

(- 2.6) - 1.2
- -A.
+ .6
- 2.4
+ .7
+2.0 + 6.8 + 1.6
- .3
-1.7

Commodity dealers

+ 9-4

+

+11.4

Sales finance companies

+85-5

+ 3.7

+36.5

- 1.5

+ 7.1

+1-8

+4.3

+16.4

+5.3

Public utilities (including transportation)

+ 56.4

.1

+34.2

- 5-0

+16.7

- .1

+ .6

+ 3-3

- .2

+1.5
+ .2

C onstruction

- 7-3

.6

.2 -1.2

- .6

- 2.5

-1.6

- .3

-1.0

+ 1.5

-

All other types of business

+28.8

.1

+ 5.0

+ 7.6

- 2.0

.3 -

.6

+

2.3

+ 2.3

+ 4.4 +2.1

+2.6

+10.7

- .4

-l.l

+14.0

-7.7

-1.0

Net change in classified loans l/

+93.2

+ 9-4 +33.7

-11.7

+22.5 +5.0

+2.9

Unclassified changes - net

-30.2

+

- 3.3

-14.5

-4.0

+ .1

Net change in commercial, industrial,
and agricultural loans

+63.0

+10.0 +22.0 -15.0

+ 8.0 +1.0

+3.0

.6

-11.7

—

+14.0

-1.3

-9.0

+ 6.7

- el

.3

+5.3 +17.7 + 3.1
-5.0
+ .7
+ .3 + 7.9

-6.0

+6.0

+18.0

+11.0

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.

1/ 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.