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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

June 29, 1955

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY
Increases of $37 million in loans to public utilities, $20 million to
sales finance companies, $17 million to the construction industry, $10 million to
"other" types of borrowers, and $23 million to unclassified borrowers were the
principal factors in the $ 7 8 million increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended June 22.
Partially offsetting decreases included $14 million each in loans to commodity
dealers and to manufacturers of food, liquor, and tobacco products and $11 million
to "other" manufacturing and mining.
Loans to manufacturers of metals and metal products increased $8 million
in the New York District, offset in part by smaller decreases in seven of the other
districts.
Most of the increase in loans to the construction industry was in the
Dallas, San Francisco, and New York Districts, but there were smaller increases in
all but three other districts.
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
. t o
. t o
June 222' June 22, 1955^' June 23, 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

+ 5
+ 9
-11

+
+
+

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

- 3
-14
+20
+37
+17
+10

+

Classified changes - net
Unclassified changes - net

+55

4 1,218
-

Net change in commercial, industrial, and agricultural loans

-14

-

- -

4-

+23

+78

p/ Preliminary; see footnote on attached table.



-

538
210
188
310

-

496

+
-

146

+

57
510
7
l

150
456
589

-

26

-

365
227

+
+ 376
+ 132
4 109
"

+

120

+
+

71
95

208

-1,288
- 196

+1,010

-1,484

-

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 22, 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 Dis- , B
tricts £/

°st™ % 2S5. °w S 3 " 0 h i ^ ° w . EST.

»"
•«

(In millions of dollars)
-14,1

-

.2

+ 4.9
+ 8,8

-10.6

( H
-

4.4
*9

- 2.3
+ *9

- 1*0
*3

- 1*3
1*1

.6 + 8.1
*3 + 7*5
.2 - 6.2

- 2.6
+ 3*8
- 1.0

$4
*9
- 2.0

-

*3
+ 2.8

-

- 1*1
*3

-

*5
1*1

-

*3
*3

2.9

+

-*3

.3

+
+

+1*1
—

*2 +
*1 -

•3

Sales finance companies

+19.7

- 1*5

- 6.5

+ 2.9

+ 9*0

+ 5^3

Public utilities (including transportation)

+37.1

*9

+3^-^

+ 1*3

+

*8

+

Construction

+16.5

+

*9

+ 3-2

+

.8

.3

+

All other types of business

+10.2

+

.1

+ 6.7

•

*8

Net change in classified loans l/

+55.2

- 1.7

+37*4

Unclassified changes - net

+22.8

+ 3*7

+

#3

Net change in commercial, industrial,
and agricultural loans

+78.0

+ 2.0

+38.0

.9
*1

+ 1*5
+ *2

- 2*6

-

-

.2

- 1*4
- .4
+ .2
- 1*9

*1
.6
*3

+

*6 +
1*0 +
~ *6 +

.4 + 1*0
.6 + 1.4
.7 + *3

.6
.9

~

-

-

*1 (
*1 v

*4
--

- 1*6

-

+ 1.8

*5

z-) - i.o
* ) + 1.2

.1

5.5

-

*7

+ 6.7

+ 1.4

+

.8

+

.7

+

.8

+

.8

.5

-

*2

*7

+ 1*2

+

.4

+

.2

-

.3

+

.4

*3

•

•!

+ 1*5

- 2.8

+ 1*8

+

.3

+ 6*9

+ 4.0

4 1*3
-

+ 1*2 +

.9

+ 3*2

+

.4

+

.1

-

.2

- 6.0

+ 3*3

+ 2.7

+ 5*8

+ 3*5

- 3.5

+ 9.7

- 8*0

-

.1

+ 6.0

+

.5

+ 2.9

-

+

.2

- 1*5

-

,5

+ 1.3

—

+ 2.1

+ 1*0

-

*5

+17*1

+ 6.0

+ 2.0

- 4.0

+11.0

- 8.0

+ 2.0

+ 7.0

+ 2.0

.5

+
+

1.8

.7

-

.3
#9

*4
1.5
+ 1*7

- 1.1

+

-13.9

*6

- 3*0
+ *4

*3
-1*0 + .6
+ .1 - 1*2

Commodity dealers

.1

-*4

- 1.4

—

- 1,8

+20.0

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.
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.