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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

March 23, 1955

CHANGES IN COMMERCIAL A D INDUSTRIAL LOAMS BY INDUSTRY
M
P r a c t i c a l l y a l l i n d u s t r i a l c l a s s i f i c a t i o n s p a r t i c i p a t e d i n t h e i n c r e a s e of
$319 m i l l i o n i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s a t weekly r e p o r t i n g
member banks during t h e week ended March 16, r e f l e c t i n g t h e u s u a l i n c r e a s e around
t h e q u a r t e r l y t a x d a t e . The only n e t decreases were i n loans t o s a l e s f i n a n c e comp a n i e s and t o commodity d e a l e r s , amounting t o $49 m i l l i o n and-$38 m i l l i o n , r e s p e c tively.
The p r i n c i p a l i n c r e a s e s were $90 m i l l i o n i n loans t o p u b l i c u t i l i t i e s ,
$57 m i l l i o n t o manufacturers of metals and metal p r o d u c t s , $52 m i l l i o n t o manuf a c t u r e r s of food, l i q u o r , and tobacco p r o d u c t s , $39 m i l l i o n t o manufacturers and
producers of petroleum, c o a l , chemicals, and rubber p r o d u c t s , and $34 m i l l i o n t o
t h e wholesale and r e t a i l t r a d e . U n c l a s s i f i e d loans incre ase d $49 m i l l i o n .
Changes i n loans during t h e week and sinc e t h e year-end a r e shown below;
t h e t h i r d column shows t h e changes during t h e comparable p e r i o d l a s t y e a r :

Business of Borrower

Cumulative since year-end
Week
Dec. 29, 1954
Dec. 30, 1953
ended .
to
. t o
Mar. l6E/ Mar. 16» 195 5^' Mar. 17> 1954
( I n m i l l i o n s of d o l l a r s )

Manufacturing and mining:
Food, l i q u o r , and tobacco
T e x t i l e s , a p p a r e l , and l e a t h e r
Metals and metal p r o d u c t s
Petroleum, c o a l , chemicals, & rubber
Other manufacturing and mining

+
+
+
+
+

52
28
57
39
30

-221
+179
+122
+149
+ 31

-210
+ 91
+ 10
- 61
+ 14

Trade — wholesale and r e t a i l
Commodity d e a l e r s
Sales f i n a n c e companies
Public u t i l i t i e s and t r a n s p o r t a t i o n
Construction
Other types of b u s i n e s s

+ 34
- 38
- 49
+ 90
+ 10
+ 17

- 39
-227
+ 82
+ 69
+ 17
- -

- 86
-137
-214
+ 60
+ 1
- 19

C l a s s i f i e d changes - n e t
U n c l a s s i f i e d changes - n e t

+270
+ 49

+163
+ 45

-552
+111

Net change i n commercial, indust r i a l , and a g r i c u l t u r a l loans

+319

+208

-441

|)/ P r e l i m i n a r y ; see f o o t n o t e on a t t a c h e d t a b l e .




E.12(a)

CHANGES IN COMMERCIAL AM) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING M M E BANKS
E BR
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH 16, 1955
Business of Borrower

Manufacturing and mining:
Food, l i q u o r , and tobacco
T e x t i l e s , a p p a r e l , and l e a t h e r
Metals and metal p r o d u c t s ( i n c l u d i n g
machinery & t r a n s p o r t a t i o n equipment)
Petroleum, c o a l , chemicals, and rubber
Other manufacturing and mining
Trade:
Wholesale
Retail

All Dis-,
t r i c t s B/ Boston

New
York

St.
P h i l a - Cleve- Richmond A t l a n t a Chicago Louis
d e l p h i a land
( I n m i l l i o n s of d o l l a r s )
+ .4
+ 1.7

+ 1.3
+ 3-0

+ 4.0
+ 1.3

+
-

+ 2.3

+
+
+

+
+
+

.8
.3
.2

+10.2
+ 7.0
+ 4.9

+ 4.0
+ 1.6
+ 2.0

+ 1.1
- .1
+ .2

+ 3.5
+ 1.5
+ .9

.5
.8

+
+

.8
.2

+ .7
+ 2.2

+ 2.1
+ .8

+ 3.2
+ 5.9

+ .1
+ 2.4

+ 1.9
+ .4

+ 1.4 >+2.8'
)
+ 2.3 (

.5

- 1,1

- 1.5

- 3.2

- 6.4

-

.9

- 1.5

- 2.6

- 2.3

+51.9
+27.8

- 1 . 1 +45.9
+ 2 . 6 +14.7

+ .3
+ 3.9

+ 2.2

+57-3
+38.8
+30.3

+ 1.5
+ 4.0
+ 1.3

+26.9
+21.8
+13.7

+ 1.5
+ 2.0
+ 3.0

+ 6.9

+
-

.8
.1

- .7
+ 1.7

+
+

(+34.4)
(+J
}

- -

- -

.7
.6
.7

.6
.3

Minne- Kansas
San Frana p o l i s C i t y D a l l a s c i s c o 2/
+
+

.2
.5

-

.9 +
.1 +

.8
.6

- 1.8
- .1

+ .8
- 1.0
+ .8

.6
+ 1.1
+ .3
+ 1,0
+ 3.2

Commodity d e a l e r s

-38.0

-1.8

-14.2

- 2.0

-

S a l e s f i n a n c e companies

-49.2

+ 2.7

-41.5

- 3.2

- 3.1 +

.5

-

.6

-12.3

+ 2.7

+ 2.1

+ 3.2

+

.7

-

.4

Public u t i l i t i e s (including transportation)

+90.3

+ 3.2

+73-5

*-

+ 1.8

-

.1 +

.3

+ 7.2

+ 2.0

+

+ 1.4

+

.4

-

.2

Construction

+ 9.9

+

+

-

.6

+

.8

-

.1

+ 3.3

+

.6

+ 1.1

+

.5

+ 2.5

+

.3

A l l o t h e r t y p e s of b u s i n e s s

+16.9

-1.7

+

.5

-

.3

-

.1

+ 2.9

+

.6

+

-

.1

-

.4

+ 4.9

Net change i n c l a s s i f i e d l o a n s 1 /
U n c l a s s i f i e d changes - n e t
Net change i n commercial, i n d u s t r i a l ,
and a g r i c u l t u r a l l o a n s

+270.4
+48.6
j +319.0
1

.7

•1

.8

+ 9.7

+

.3

.9

.6

+12.1 +152.3

+ 7-0

+10.5

+ 6.8

+ 6.5

+34.4

+ 9-9

+ 8.0

+12.1 + $ . 4

+ 5-4

+21.7

+ 2.0

+ 3.5

+ 1.2

- 4.5

+ 5.6

+ 2.1

+ 5*0

+ 6.9

- 6.4

+ 9.6

+14.0 +174.0

+ 9.0

+14.0

+ 8.0

+ 2.0

+40.0

+12.0

+13.0

+19.0

- 1.0

+15.0

+1.9

g / P r e l i m i n a r y ; f i n a l t o t a l s w i l l appear i n t h e F . R. B u l l e t i n and San F r a n c i s c o D i s t r i c t f i n a l f i g u r e s appear i n a r e l e a s e of t h e Reserve Bank.
l / About 220 weekly r e p o r t i n g member "banks a r e r e p o r t i n g changes i n t h e i r l a r g e r loans a s t o i n d u s t r y ; t h e s e banks hold over SO p e r c e n t of t o t a l
commercial and i n d u s t r i a l l o a n s of a l l weekly r e p o r t i n g member banks and n e a r l y JO p e r c e n t of those of a l l commercial banks.