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• BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) June 22, 1955 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY All industrial classifications except commodity dealers participated in the increase of $732 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended June 15# reflecting the usual increase around the quarterly tax date. The increase of $162 million in loans to public utilities was the largest and the increase of $l8l million in loans to sales finance companies was the second largest weekly increase in these business classifications since the series was inaugurated in the spring of 1951* An increase of $93 million in loans to manufacturers of metals and metal products was the largest weekly increase in this business category since March 1954. Other large increases were $51 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products and $98 million to unclassified borrowers. 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, 195% Dec. 30, 1953 ended to to June 15E/ June 15, 1955—' June 16, 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 + + + + + Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + 38 - 10 +181 +162 + 22 + 13 + 148 440 + 568 + 329 + 114 + 106 17 - 355 - 188 + 107 65 + + 82 Classified changes - net Unclassified changes - net +634 + 98 +1,152 220 -1,214 - 193 Net change in commercial, industrial, and agricultural loans +732 + -1,407 22 19 93 51 43 p/ Preliminary; see footnote on attached table. - + + + + 518 210 178 303 155 - — 932 + 495 58 464 2 5 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 15, 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-, New Phila- Cleve- RichSt. Minne- Kansas San Frantricts £/ Boston! York delphia land mond Atlanta Chicago Louis apolis City Dallas cisco £/ (In millions of dollars) +22.2 +19.0 + •5 + 6.0 +92.9 +50.5 +43.4 +34.1 + 5.1 +38.7 + . 3 + 2.5 +16.5 + 7 . 5 + 9.1 + 4.3 + .1 + 4 . 6 + 3 . 1 +12.5 + .3 .8 2.6 + 5.3 + 1.7 - 2.9 + *3 - p) -10.3 +19.8 + 1.3 + 6.5 + 1 . 3 + 1.9 - - .9 .6 - .8 + 1.1 + + .2 .3 .3 .3 + 1.0 1*0 + .5 + • 3 + 1.4 +29.4 + .1 +10.3 + 3.1 + 4*1 + 2*6 + . .5 + 1.1 + 2.6 + 4.7 + 2.6 + 1.3 + - 3.9 2.9 + + .1 + - + 1.1 + 2.1 + 1.5 - + 1.7 + 1.7 .3 + .2 - .7 + .5 - .2 .8 Sales finance companies +181.3 - .6 +141.2 + .4 + 2.8 + .9 + .2 +23.5 + 5.3 Public utilities (including transportation) +162.4 - 1.6 +133.2 - .9 + 7.1 + 2.9 + .5 +13.1 - + 1*6 + 1.4 + + 6.1 + Construction +21.6 + .3 + 1.0 All other types of business +13.1 + .6 - 5.1 + 1*0 Net change in classified loans l/ Unclassified changes - net Net change in commercial, industrial, and agricultural loans +634.3 +97.7 +732.0 .1 • - + 1.1 + + .6 + .9 .3 + 1.5 + .8 .5 + .5 .1 + 5.4 .2 + . 1 + 2.6 - .3 + 1.7 • 5 (.+ 2.4-^ O It / ( - .4 - 1.6 .4 + - - + + + - .1 1.7 + 1.2 + .3 - - 5.2 .1 + 1.5 + 1.0 + 2.9 + 2.2 1.6 + .4 + 1.9 + 2.2 + 5.2 .6 + .1 + 1.7 + 7.6 + 1.1 2.0 + 1.3 + 1.2 + 4.7 + 1.8 + 1.7 + 1.4 + 5.2 + 1.3 +14.5 +400.1 +18.4 +28.3 + 6.8 + 6.2 +95.3 +10.3 + 9.1 + 8.8 +22.3 +14.2 +30.9 +13.6 + 5.7 + 4.2 - .2 + 8.7 - .9 + 1.2 - 2.3 +29.8 +34.0 +11.0 + 6.0 +104.0 +10.0 +10.0 +10.0 +20.0 +44.0 + 5.5 +20.0 +431.0 +32.0 - .3 + 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. l/ 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.
@FedFRASER