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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
