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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) November l6, 1955 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Commercial, industrial, and agricultural loans increased $182 million at weekly reporting member banks during the week ended November 9» The principal increases were $40 million to manufacturers of food, liquor, and tobacco products, $28 million to sales finance companies, $25 million to the wholesale and retail trade, $24 million to manufacturers of metals and metal products, $l6 million to commodity dealers, and $31 million to unclassified borrowers. Loans creased for the million. Loans declines in the to manufacturers of textiles, apparel, and leather products defifth consecutive week; the current decrease amounted to only $3 to public utilities increased in eight districts but were offset by other four; there was no net change during the week. Changes in loans during the week and since the mid-year 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 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business Classified changes - net Unclassified changes - net Net change in commercial, industrial, and agricultural loans Loans reclassified on October 5 Cumulative since mid-year Week June 29, 1955 June 30, 1954 ended to to Nov. 92./ Nov. 9, 19552/ Nov. 10, 1954 (In millions of dollars) + 40 - 3 + 24 + 6 + 3 + + + + + 361 97 +304 + 32 87 53 + 30 - 47 + 25 + 16 + + 328 427 11 31 +177 +394 285 +102 +1,757 91 + 35 + 31 +182 +1,666 -751 + 28 — — + + 6 6 +151 Total p/ Preliminary; see footnote on attached table. - + + + + 18 80 318 +1,984 -519 -252 -245 + 58 -786 CHANGES IH COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, NOVEMBER 9, 1955 H.12(a) Business of Borrower All Districts £/ delphia ° i £ " S * Chicago ^ ^ (In millions of dollars) 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 +39.6 - 2.5 + 4.8 +19*0 — 2.5 4- * 9 +24.0 + 5.9 + 3.1 4- 2.2 4- 9.6 4- .3 • *4 4- 5*1 **" *6 -1.0 - . 5 ~ * 1 4- 5.5 - *5 - *2 + 5.2 + 1.2 - .7 " *2 4- .4 4- .1 4- 1*2 4- .2 4- .8 4- .2 4- .1 4- .5 4- 1.0 4- *8 4- 1*5 + *8 4- .8 - .2 4- 1.6 + 2.4 4- 1.2 4- 1.3 -+ 7.5 4- .9 4- .2 4- 1*4 ( + 1.2 + .1 + .4 .4 - 4.7 + .1 4- 3-4 + 5*4 - 1*9 4- 5.5 - 6.7 4- 1.7 - H-7)! 4- 2.4 2.0 4- .4 4- .3 4- . 3 + *4 + .9 + 6.1 + 2*7 + 3*0 4- *5 4- .2 .4 4- * 7 * 1*4 - 1* 2 - *1 - *2 -- Commodity dealers +16.2 + Sales finance companies +28.4 + 2.4 Public utilities (including transportation) - Construction + 5-7 *3 All other types of business + 6.1 - 2.1 4- +151.1 4- 7*6 4-42.9 4- 2.6 +19*9 + 6*3 - 4- 6.1 - Net change in classified loans l/ Unclassified changes - net Net change in commercial, industrial, and agricultural loans .1 +30.9 +182.0 | 4- 1.2 *6 4- 7.0 4- *3 4-IO.5 - 1.4 - 1.8 *8 4- *2 4- 9*4 4- 4.2 .1 4* .3 4- .5 4- *6 - *3 4- .2 - *1 4- 1.8 4- - - .6 .6 4-49-0 4- 2.0 • 4- .1 4- 1.6 4- ~ -" - *7 + *2 4" 2.1 4- 1.1 - *1 + .4 + *5 4* . 2 4- 1,2 - 1.0 4-1*9 - >-) ) + *2 *7 + 1*0 4- 5.1 *4 4- 1.4 - .4 + 2.2 *3 — 1*9 .2 4- .1 - *1 4* 4- 6.1 *8 4-1.9 • *8 - *3 4- 1.1 4-2.7 - *4 1*1 4-1*9 -2.6 - .4 4- .4 - 4- 7*6 - #7 4-13.2 4-15.6 4-11.1 4- 1*1 4- 6.6 4-15,6 4- 8*6 4- 1.7 4- 2*8 4- 2.4 - 2.1 - 4- 4.4 4- 1*4 4-16.4 4-19.0 4- 8.0 4-16.0 4-18.0 4- 9.0 4- 1*0 4-11.0 4-17*0 4-25.0 .9 4- *1 .2 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 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold over 90 P e r cent of total commercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.
@FedFRASER