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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

H.12

June 15, 1955

(For Immediate Release)
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Decreases of $27 million in loans to manufacturers of food, liquor, and
tobacco products, $21 million to manufacturers and producers of petroleum, coal,
chemicals, and rubber products, and $13 million to commodity dealers were the
principal factors in the $13 million decrease in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended June 8.
Partly offsetting increases included $8 million in loans to the construction industry and $33 million to unclassified borrowers.
Most of the decrease in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products was in the New York and Chicago Districts
Loans to public utilities increased $7 million in the New York District but they
decreased in seven other districts; the net increase during the week was only
$1 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
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining

Cumulative since year-end
Week
Dec. 2 9 , 1954
Dec. 30, 1953
ended .
to
,
to
June 82/ June 8, 1955^ June 9, 1954
(In millions of dollars)
-27

+ 4
+ 5
-21

- 3

-548

-

520

+191
+ 81
+251
+109

+ 42
- 474
39
32

+105

49

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

+ 3
-13
+ 1
+ 1
+ 8
- 1

+ 77

335
240
4o
+ 57
+ 51

Classified changes - net
Unclassified changes - net

-46
±33

+484
-284

-1,579
- 230

Net change in commercial, industrial, and agricultural loans

-13

+200

-1,809

p/ Preliminary; see footnote on attached table.




-429
+390
+167
+ 90

-

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, JUNE 8, 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

All DisBoston
tricts P/

New
York

Phila-

-26.9
+ 3.8

+ 1.0
.2

-20.7 + 5.1 +

+ 4.6
-21.4
- 2.6

+

.1
.6
1.2

+ 5.3 + .9
-12.8 - .6
+ .6 + 1.7

.5
1.9

-

( -J

-

-

.8 +
+

.7
•5

.6
.3

Cleve- RichSt.
Atlanta Chicago
land
mond
Louis
(In millions of dollars)
+ 2.9

+

.8
.2

.i
.4
.6

+
+

.4 + 1.1
.2 .1
.2 - .5

+

.6
.1

- .3 +
+ 1.0 +

.5
.2

+ .3
+ 3.8

-

-

-

-

(+ 3.3)

-

Commodity dealers

-12.5

+

.1

- 5.4

-

1.0

-

.2

Sales finance companies

+

.8

+ 2.2

+ 2.3

-

1.9

-

Public utilities (including transportation)

+

.7

+ 1.3

+ 6.8

-

1.8

Construction

+ 7.8

+

.5

+ 3.9

+

All other types of business

- 3.2

+

• 5 - 1.8

Net change in classified loans 1/'

-45.6

+ 1.3

-17.5

-

Unclassified changes - net

+32.6

-

4.3

+ 8.5

+ 1.5

Net change in commercial, industrial,
and agricultural loans

-13.0

—

3.0

- 9.0

- -

-

.6
1.9

2.2
+ .5
-

—

-

1.6
3.9
2.3

—

—

Minne- Kansas

.5
.2
.3

.3
+
+

+

.8
.5
-

San Frai
P

.1
.4

.8
.4

- 4.3
+ .4

.3
.1
.1

.9
1,7

- .9

.3
.6

-

.8

-

•7 +

.1

-

+ .2
+ 1.5

-

.2

+

7.7

+ 1.8

-

.7

+ 3.3

+ 1.0

-

.5

+

.4

-

1.9

+

.1

-

1.5

+

-

.6

-

.3

-

.5

-

.1

+

.5

-

.3

-

1.2

+ 1.4

+

.1

+

—

+ 1.3

.3

+ 2.8

+ 1.3

+

1.5

+ 1.0 +

.3

.2

+

.8

-

.2

.9

+

.6

- 1.4

.6

+ 4.7

- 2.8

.7

+ 1.1

5.3

- 5.1

.4

+ 1.2

+ 2.2

6.5

-18.1

+ 4.5

+19.1

2.0

+ 1.0

-

3.7

+

.1

+

+ 5.3

- 1.8

-

1.3

-

.1

-

1.4

+ 2.8

-

2.0

+ 2.0

-

5.0

-

1.0

+ 4.0

+ 2.0

--

- .1
- 2.0
-

+ 3.8

-

- 1.2
- .3

4.4

7.3

-

.
1

(
)
(+ 1.0)

.5 +
.4 +

.1

.3

-

-

•

7

Dallas

.2

-

-

J*/ 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 leans 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.



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