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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

March 16, 1955

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Increases in loans to most business classifications were partly offset bydecreases of $29 million in loans to commodity dealers, $24 million to manufacturers
of food, liquor, and tobacco products, and $12 million to public utilities; there
was a $24 million net increase in commercial, industrial, and agricultural, loans at
weekly reporting member banks during the week ended March 9«
The principal increases were $34 million to sales finance companies, $15
million to manufacturers of metals and metal products, and $13 million to manufacturers of textiles, apparel, and leather products. Loans to "other" types of
business and to the wholesale and retail trade continue to show weekly increases;
the current increases were $9 million and $8 million, respectively.
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; the
fourth column shows the changes for December 30, 1953 to March 3> 1954, which
appeared incorrectly in last week's release:

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. 29, 1954 Dec. 30, 1953 Dec. 30, 1953
ended .
to
. t o
to
Mar.
Mar. 9. 1955-/ Mar. 10, 1954 Mar. 3, 1954
(In millions of dollars]
-24

-270

-245

-216

+13
+15

+152
+ 64

+ 68
- 92

+ 59
-150

+ 3

+115

- 71

- 8?

+ 3

+

1

- 25

- 35

+ 8
-29
+34

- 75
-186
+137

-112
-117
-271

-126
-105
-229

-12
+ 5
+ 9

- 22
+ 7
- 22

- 49
- 7
- 37

- 55
- 8
- 52

Classified changes - net
Unclassified changes - net

+26
- 2

-100
- 11

-959
+ 6o

-1,004
+ 31

Net change in commercial,
industrial, and agricultural loans

+24

-111

-899

-973

Trade--whole sale and retail
Commodity dealers
Sales finance companies
Public utilities and
transportation
Construction
Other types of business

p/ Preliminary; see footnote on attached table.



H.12(a)

CHANGES IK COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS'
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH 9, 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

New
All DisBostort
tricts P/
York
-24.2
+12.6
+15.4
+ 3-1
+ 2.7

(

+

8

4

' )

+

San FranSt.
Minne- Kansas
Phila- Cleve- RichDallas
Atlanta Chicago
cisco P/
Louis apolis City
mond
delphia land
(In millions of dollars)

• 9 - 9.3
.4 + 8.7 +

.7

+

+ 3.6 + 1.7
- • 1 + .4
.5 - • 1 + 1.3

+
+

.2 + 1.7
• 9 + 4.1

+ 1.3

-

+

•7

.1 +

+ .3 +
+ 1.4 +
+ .3 +

.6

.5
.8

- 3-7
+ .4

• 3 + 1.8
.2
.5
.1 + .3

+ 3-3

.2 +

.1

-

.2

- 1.4

- 4.7

- 5.9

-

+ 1.0 + 2.1

2.2

+

.6

- 3.6

Sales finance companies

+33.8

+ 3.8 +21.3

Public utilities (including transportation)

-11.7

+

.1 - 7-3 -

.7

Construction

+ 4.9

+

.2 + 1.6

+

.2

All other types of business

+ 9.3

+

.8 - 3"8 + 1.5

+ 3.1

+ 2.2

Net change in classified loans l/

+25.7

+ 3.7

+17.5

+ 5.5

+12.1

+ 2.1 + 3.7

-11.6

-

Unclassified changes - net

- 1.7

+ 2.3

+13.5

+ 1.5

+ 2.9

- 2.1

+11.6

+

Net change in commercial, industrial
and agricultural loans

+24.0

+ 6.0

+31.0

+ 7-0

+15.0

—

-

.4

1.3

.2 +

1.5

.2

•5 + .5
•3 + 1.3
.2 + .4

- 2.3
+ -3
+

.4

+

.2

+

.1

-

-

.3 + 1.1 +
.6 + .6

+ 2.7

.8

.6 +
.2 +

+ 1.1
- 4.0

+
+

-28.6

-

+

+ l.l +
+ .1
+ .1

Commodity dealers

- 2.9

.8

2.6
.6

.4

.1

- 2.0

+

+

-

.9

-

.3

.1

-

) + .8
•9
+ 1.5
) + 1.7
•7 (
- 5.1

-

.2

+

.8

- 4.6

.4 +

.1 - 3.8 +

.6

- 1.4

.3 +

.3 + 1.5

+ 2.0

+ 4.5

-

• 5 + 1.1

+ 1.6

+

.3 +

.2

- 1.8

+

+

.2 +

.2

- 2.2

-

+

+ 1.1

-

.2

-

5.2

+

.9

- 3-5 + 5.4

- 4.9

- 4.4

-29.1

+ 1.0

-34.0

--

--

+ 1.3

- 5.7

-

2.0

.5

.2 + 4.1
5.0 + 5.0

+ 3.0

+

.2

.8 + 3.7

-

.1

+ 3-5

- -

2/ 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
Digitized for commercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.
FRASER