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X BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 11,12 (For Immediate Release) November 30, 195$, CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The net increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended November 23 was $48 million. The principal changes were increases of $48 million in loans to sales finance companies and $20 million in loans to manufacturers of metals and metal products, and decreases of $10 million each in loans to manufacturers of textiles, apparel, and leather products and to unclassified borrowers* Most of the increase in loans to manufacturers of metals and metal products was in the New York District, but there were smaller increases in all but three other districts. Loans to manufacturers of food, liquor, and tobacco produe us, which have increased substantially in previous weeks, showed an increase of tp9 million, the smallest weekly increase since August 17* Changes in loans during the week and since the mid-year are shown below; ..he 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 mid-year Week June 29, 1955 June 30, 1954 ended . t o to Nov. 232/ Nov, 23, 19552/ Nov. 24, 1954 (In millions of dollars) 419 85 65 +388 + 5 -524 + 38 -•45 372 459 113 49 +188 +46l + 9 -10 +20 - 7 - 9 + + + + + Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + 3 + 9 +48 + 2 + + + + + + Classified changes - net Unclassified changes - net +58 -10 +2,105 93 +275 - 27 Net change in commercial, industrial, and agricultural loans Loans reclassified on October 5 +48 +2,012 +248 - - Total £/ Preliminary; see footnote on attached table. - + 100 48 96 300 318 +2,330 -196 -271 + 68 +164 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, NOVEMBER 23, 1955 E.12(a) 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 Dis- . Boston tricts £/ + 9.4 -10.1 +19.6 - 6.7 - 9-3 ( . (+ Q /c) 2.6, - + - New York St. Phila- Cleve- RichAtlanta Chicago Louis mond delphia land (In millions of dollars) + .2 + 1.1 •6 1.3 + 6.5 - .3 + 1.4 .8 + 5-4 - Sales finance companies +48.2 + 2.8 +37-3 + 3.8 - 2.6 - *2 + 1.0 Public utilities (including transportation) +. 2.0 + .5 + 7.2 + 1.0 - 3.0 - .3 + Construction + + .1 + 1.4 - .2 + .3 + .5 - All other types of business - 6.9 + 1.8 -18.5 - 4.7 + .9 + Net change in classified loans l/ +57.7 + 1.8 +21.0 + 3.3 + 5-5 4- Unclassified changes - net - 9.7 - .3 + 1.5 + 5.2 - Net change in commercial, industrial, and agricultural loans +48.0 + 1.0 + 3.0 + 7.0 + 8.0 +13.0 + - 1.0 •5 + - .6 4.0 el + 8.8 .8 - 8.0 - 1.3 + 2.4 - 1-9 2 e 8 .7 •4 Commodity dealers *1 - .2 - 2.1 - .3 - •2 + .1 + ,1 - - .6 .7 .4 - + + + .9 1.4 + .7 + + + el + .9 + 2.3 - - .4 + 1.0 • 3 - 1.5 .5 •2 - 7.3 + .7 .3 + 4.3 + + 3.2 + .1 .2 + + + +10.5 - 3.5 - 2.0 .3 .1 + + + .9 1.0 1.8 - - + 6.8 1,5 3.1 .2 .4 1.0 + .6 .4 + 1.0 .3 + + + 1.0 - 2.6 - 6.6 •5 + .1 - + 7-7 1.6 •9 + 1.4 .1 .9 1.6 2.0 .3 + — - - r San Fra; Mimie- jKansas Dallas cisco £ apolis I City .4 + 2.2 + - — - .1 .5 4.9 ( e 2 > + 2.5 + 4.1 - .1 - .2 + 2.3 + 1.1 - 1.3 + 1.8 - - - 6.1 + 2.0 ( .5 + 1.2 + .4 .5 + .3 - .4 + .2 + .i - 3.3 + 1.6 2.2 + 3.5 + .7 + .6 - .3 + .i + .5 + 6.3 2.8 + 8.7 + 2.7 + 3.9 - 3.7 + 3.5 - 5.0 +13.2 1.7 + 4.3 - 1.9 - 1.3 + 1.5 + 2.0 -10.2 + 7.0 + 7.0 + 2.0 5.0 + 5.0 - 3*0 + 3.0 lei — - — — p/ Preliminary; final totals will appear in the P. 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 $0 per cent of total ^ commercial and industrial loans of ell weekly reporting member banks and nearly 70 per cent of those of all commercial banks.
@FedFRASER