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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

May 25, 1955

CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY
Increases of $37 million in loans to "other" types of business, $24 million to manufacturers of metals and metal products and $13 million to the construction industry were partly offset by decreases of $14 million in loans to manufacturers of food, liquor, and tobacco products and $34 million to unclassified
borrowers, which includes the redemption of Commodity Credit Corporation certificates of interest. The net increase in commercial, industrial, and agricultural
loans at weekly reporting member banks during the week ended May 18 was $22 million.
The increase in loans to "other" types of business was the largest increase in this business category since last October; about two-thirds of the
increase was in New York, largely in bankers' acceptances.
Following eight weeks of increases, loans to sales finance companies declined by $9 million; these loans have increased $367 million since the first of
the year compared with a decrease of $236 million during the corresponding period
last year.
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
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
ended .
to
.
to
May l8£'
May 18, 1955E/
May 19, 1954
(In millions of dollars)
-14
- 7
+24
+ 3
+11

-477
+184
+111
+308
+94

-446
+ 50
-226
+ 7
- 31

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

+ 8

+98

- 35

- 5

-384

-334

- 9

- 4
+13
+37

+367
+127

-236
- 42

+75
+86

+53
+55

Classified changes - net
Unclassified changes - net

+56
-34

+589
-269

-1,186

Net change in commercial, industrial, and agricultural loans

+22

+320

-1,405

p/ Preliminary; see footnote on attached table.



-

219

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, MAY 18, 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 DisBoston New jPhila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Frantricts P/
York |delphia land mond
Louis apolis City
cisco
(In millions of dollars)

-13.7
- 7.4
+23.7
+ 2.9

+10.6

(*

- 2.9
- 5.2

- 1.3
- .7

.3 +21.0
.4 + .5
.7 + 3.1

.2
- ""

•5
3-3
.3
2.5
.7

+
+

.2

+ 1.6
-

-

•9
2.2

+

.2 +

-

1.6

+

+ .2
+ 4.1

+ •7
+ 2.0 +

-

.1

-

.7

-

.8

-

3.4

-

.3

-

.2

Sales finance companies

- 9.3

•9

-

3.1

Public utilities (including transportation)

- 3-9

.1

+ 3.4

Construction

+13.4

.8

+

•7 +

+

All other types of business

+37.1

2.4

+

•5 +

Net change in classified loans 1/

+56.1

8.9

+ 6.2

Unclassified changes - net

-34.1

1.1

+

Net change in commercial, industrial,
and agricultural loans

+22.0

LO.O

.5
.3

-

.8

-

1.0

+ 5-3

-

.3

-

2.1

-10.3

-

.1

.1

+ 2.4

+ 1.8

• 2 + 2.0

+

+

-

.3

-

2.9

- 6.4

+ 6.2

+

•3

-

.1

+

.4

+ 1.8

- 6.0

+ 8.0

-

.k

3-0

.1

.2 +
+
.2 +

.6
.5
.3

-

.2 (
.4 c

+

NOT

,1

.6)

— —

+
.2
.7

1.6

+

- -

+ .8
+ 1.2

.1 + .3
.8 + 1.0

- 2.0 + 3.0 - 1.2
1.2

CD

+ 1.2
+
.2

.3

•5
.1

•

+

+

- 5.1

ro

- 1.6

+ 2.4
+ 2.4

—

-

Commodity dealers

+ 9-0

- 8.6

+ 1.3

—

+ 6.4
.8
1.4

-

2.0
•5
.3
.8
.6

1.1

-

-

.2

+

AVAIL'

•9

+ 1.0

+ 2.5

+

.2

+

-

.5

+ 5-1

+

.3

+ 3-4

•

.3 +

.3

+11.4

-

•7 + 1.7 +

- -

+ 1.0

.5 +

•3

1.0

+ 2.0

ABLE

.2

.6

+12.0

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank.
1/ 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 JO per cent of those of all commercial banks.