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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
E"12

(For Immediate Release)

July 13, 1955

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Decreases of $38 million in loans to sales finance companies, $36 million
to manufacturers of metals and. metal products, $34 million to public utilities,
$19 million to manufacturers of food, liquor, and tobacco products, and $66 million
to unclassified borrowers, approximately the amount of the redemption of Commodity
Credit Corporation certificates of interest, were the principal factors in the
$175 million decrease in commercial, industrial, and agricultural loans at weekly
reporting member banks during the week ended July 6. The principal offsetting
increase was $14 million in "other" types of business.
Loans to commodity dealers increased $7 million during the week, the
first weekly increase in this business category since December; seasonally, these
borrowings usually begin to increase about this time of the year.
Changes in loans during the week and since the year-end 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

Week
ended .
July 62/

-19
+ 8

Cumulative since year-end
Dec. 29, 1954
Dec. 30, 1953
to
.
to
July 6, 19552/
July 7, 1954
(In millions of dollars)
-

560

-

508

- 36
+ 5
- 4

+
+
+
+

227
140

318

-

37
2

6

+

-

37
347

+
+

71
79

149

+

64

- 610

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

+ 7
- 38
- 34
- 6
+ 14

+
+
+
+

140
454
551
350
128
157

- 167
78
+

Classified changes - net
Unclassified changes - net

-110
- 66

+1,147
244

-1,416
- 236

Net change in commercial, industrial, and agricultural loans

-175

+

-1,652

-

903

g/ Preliminary; see footnote on attached table.
In addition to the weekly table, a monthly table is attached showing
changes during June compared with the preceding month, and with June 1954, and also
showing changes during the past twelve months.
The increases in loans to public utilities and to the construction industry were the largest monthly increases in these business categories since the
series was inaugurated in 1951; and the increase in loans to sales finance companies was the largest since December 1952. The current increase in loans to
manufacturers of metals and metal products was in contrast to a substantial decrease in June 1954.




H.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 6, 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
Trade:
Wholesale
Retail

St. Minne- Kansas
All Dis-,
New jPhila- Cleve- RichSan FranBoston
Atlanta Chicago
Dallas
mond
tricts 2/
cisco £'
York Idelphia land
Louis apolis City
(In millions of dollars)
-19.3
+ 7.5

- #6 - 6.6 - 1*3
+ 1 . 3 + .6 + 1.5

-36.4
+ 5.3
- 3.5

- 1 . 2 -27.1 - .7
+ .6 + 7.5 + .8
+ 1.3 - 6.1 - .9

- 6.2 +
- .4
- 3.1 +

-

.7 + 2.6 +
.2 -14.5 +

Commodity dealers

+ 6.6

+

.9 - 3.0

Sales finance companies

-38.1

- 6,3 -56.9 + 5.8

Public utilities (including transportation)

-33.8

+

Construction

- 6.1

+ 1.2 - 5.4 +

All other types of business

+14.0
-109.5

Unclassified changes - net
Net change in commercial, industrial,
and agricultural loans

-65.5

+
-

.7 .2 +

.2 +
.1

+ 2.0
- 4.0
+ 2.1

- 1.4 +
+ .2 + .4 +

.1 +
.7 +
.2 +

-

+ 1.6 + 1.1 - 1.9 (+ 3.4) +
+ .5 + .3 + .1 ( J ) -

.8
.4

—

.4 +

.4

.2 .9 -

.4

+

.5 +
.8 +

.4 +1.0

.1

.2
.2

.3 + 2.1
- .2

+
-

.2 - 1.4
.6 + e8
.8
- -

- .5
+ .7
+ 1.0

- -

.4
.2

- 1.5

- 1.0

+ 5.3 + 1.0 + 3.0 +

+ 7.7 -

.5 + 5.4

+ 1.3

+ 3.0 +

.5 - 2.2 + 2.2

+ 1.9

- 7.3 -

.4 -

.3

- 6.9

+

.1 +

.1 +

.2 +

+ 1.1

-

.7 -

.2

- 1.8

+

.9 +

.4 -

.6 - 1.4

-

+ 1.1 + 6.4 + 1.2

- 1.0 + 4.2 - 4.6

- 1.3

+ 3.2 +

.1 +

.2 + 2.3

+ 2.2

- 2.2 -122.8 + 6.7

-13.0 + 3.7 - 1.8

-13.9

+14.3 + 3.0 +

.7 + 9.3

+ 6.5

.2 - 9.2 - 2.7

+ 1.0 - 2.7 - 5.2

-46.1

-12.3

+ 3.3 - 3.3

+11.5

+ 2.0 + 3.0 + 4.0 + 6.0

+18.0

+
-

-175.0

.1
.6

- 6.8
+ 2.9

.6

.4 •8

+

( - 5.7)

Net change in classified loans l/

.1
.2

- 3.6 - 3.6 + .3 + 1.2 +

.4 -20.3

—

- 1.1
.7

.1 +

>

—

- 2.0 -132.0 + 4.0

-12.0 +1.0

- 7.0

-60.0

--

.9

.6

-

.5

-

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 JO per cent of those of all commercial banks.




H.12(b)

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

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

5 weeks
ended
June 29, 1955

4 weeks
5 weeks
ended
ended
May 25, 1955
June 30, 1954
(In millions3 of dollars)

12 months
ended
June 29, 1955

- 29.2
+ 39.6

-102.2
- 5.5

- 30.7
+ 5.4

+

42.0
193.8

+ 69.6
+ 35.5
+ 44.0

+ 34.8
+ 6.0
+ 49.7

-305.7
- 18.4
+ 22.0

+
+

371.6
400.4
90.7

Trade — wholesale and retail

+ 43.2

+ 54.1

+

2.1

+

266.4

Commodity dealers

- 60.8

- 30.7

- 36.2

+

78.1

Sales finance companies

+238.7

+ 46.6

+ 67.0

+ 620.6

Public utilities (including transportation)

+242.5

+ 43.2

+183.1

+

159.0

Construction

+ 64.0

+ 38.7

+ 18.0

+

215.3

All other types of business

+ 51.5

+ 61.8

+ 63.3

+

275.5

Net change in classified loans l/

+738.6

+196.5

- 30.1

+1,886.2

Unclassified changes - net

+121.4

-100.5

+ 60.1

- 269.2

Net change in commercial, industrial, and
agricultural loans

+860.0

+ 96.0

+ 30.0

+1,617.0

1/ See footnote on preceding table regarding current coverage.