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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12;

(For Immediate Release)

June 1, 1955

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net decreases of $30 million in loans to manufacturers and producers of
petroleum, coal, chemicals, and rubber products, $27 million to manufacturers of
food, liquor, and tobacco products, $17 million to sales finance companies, $12
million to commodity dealers, and $38 million to unclassified borrowers which included the redemption of Commodity Credit Corporation certificates of interest, were
the principal factors in the $102 million decrease in commercial, industrial, and
agricultural loans at weekly reporting member banks during the week ended May 25.
The principal offsetting increase was $14 million in loans to public utilities.
The decrease in loans to manufacturers and producers of petroleum, coal,
chemicals, and rubber products was the largest decrease in this business category
since November of last year; it was reflected in all but the Atlanta District.
Following eight weeks of increases, loans to the construction industry decreased
$3 million.
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

Cumulative since year-end
Week
Dec. 29, 1954
Dec. 30, 1953
ended .
to
.
to
May 25£/ May 25, 1955&'
May 26, 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

- 27
- 2
+ 3
- 30
+ 1

-507
+180
+108
+279
+97

- 474
+
50
- 271
+
8
23

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

+
+
+

5
12
17
14
3
4

+100
-398
+348
+l4l
+ 69
+ 95

43
- 327
- 242
58
+ 5 3
+
43

Classified changes - net
"Unclassified changes - net

- 64
- 38

+511
-299

-1,284
- 242

Net change in commercial, industrial, and agricultural loans

-102

+212

-1,526

jj Preliminary; see footnote on attached table.




11.12(a)

CHANGE IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MAY 25, 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
Commodity dealers

All Dis-.L
tricts P / | B o 8 t o n

New
Phila- Cleve- RichSt.
York delphia land
mond Atlanta Chicago Louis
(In millions of dollars)

Minne- Kansas
apolis City Dallas

San
qr«n
J - C2,L-LV -L £3 W
- L

-26.6
- 2.2

- 1.2 -15.2 - .1
- .4 - .6 - 1.3

-10.6
+ >5

- 2.0 + .7
- '1
—

+ 1.7
+ 1.2

+
+

-5 + -5 +
-3 - 1.3 +

.3 - 1.2
.1

NOT

+ 3.0
-30.3
+ .6

+ • 1 + 8.3 - .3
- 2.6 -13.5 - .9
- 1.7 + 1.0 + 1.8

+ .1 + .5
- 2.4 - 1.8 + .7
- .9 + .4 + 1.3

- 4.4
- 3.8
+ .1

+ -3 - .4 - 1.1 - 1.4 - .9
-

.6 - .6
-9 - 2.6
.3 - .2

AVAIL-

+
-

.1

-

-5 +
-

.4 +
.2 +

.3
.6

- .5
+ 1.9

+

-3
.4 !•

+

<H

.4 + .1
.1 + 2.8

-

.2 +
.1

.2 -

•'!

-11.6

- 1.2 + 1.8

- 1.3

-

.4 -

.7 - 1.6

- 1.1

- 4.8 - 1.3 - 1.0

Sales finance companies

-17.4

+

.5 -11.6

- 2.5

-

.2 -

.7 - 1.7

+ 2.7

- 4.7 + 1.0 +

.6

.8

Public utilities (including transportation)

+14.1

-

.3 +13.7 +

-

.2 +

.2

-

.5

+

.3 -

.1 +

.3 +

.5

Construction

- 3.1

+

.7 + 1.5

-9

+ 2.6

+

.3 +

.4 -

.5 - 7.2

All other types of business

+ 4.1

+

.8 + 7.6

.3 + 1.3 - 1.8

- 3.0

- 1.5 +

.4 +

-5 +

Net change in classified loans 1/

-64.3

- 5.0 - 4.1 - 5.4

-14.4 - 3-7 - 1.9

- 3-1

-11.4 - 2.0 - 2.2 -11.1

Unclassified changes - net

-37.7

- 2.0 -10.9 - 3-6

-

+

+

- 7.0

-15.0

Net change in commercial, industrial,
and agricultural loans

-102.0

-15.0

.2

-

- -

-

.9

- 9.0

- -

+

.6 - 2.3 - 8.1
- 6.0

- 1 0 . 0

.1

- 3.0

.4 + 2.0

-11.0

-

ABLE

.4

.8 - 3.9

- 8.0

- 3.0 -15.0

- 8.0

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank.
-Z

Ab

c o L f r r i r r i 3 reporting member banks are reporting changes in their larger loans as to industry; these banks hold over 90 per cent of total
mmercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.