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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H»12

(For Immediate Release)

October 12, 1955

CHARGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY
Increases of $42 million in loans to commodity dealers, $36 million to
manufacturers of food, liquor, and tobacco products, and $20 million each to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and to
"other" types of business were the principal factors in the $4-9 million increase in
commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended October 5« Partly offsetting decreases included $37 million in
loans to unclassified borrowers and $33 million to public utilities.
As of October 5, total commercial, industrial, and agricultural loans have
been adjusted to include $280 million previously classified elsewhere. In making
the reclassification, the reporting banks were not requested to revise back data.
Since most of these loans, when made, would have been classified as increases in
"Other types of business," future reports may show a minus bias in this business
category when these loans are repaid.
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

Week
ended ,
Oct. $£/
+
+
+
-

36
2
4
20
5

Cumulative since mid-year
June 29, 1955
June 30, 1954
to
.
to
Oct. 5, 1955&
Oct. 6, 1954
(In millions of dollars)
+
+
-

+
+

159
183
12
75
61

+176
+ 97
-428
- 19
- 10
+ 65
+259
-121
-178
+ 38
+108

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

- 33
+ 1
+ 20

+ 129
+ 250
+ 112
+
60
+
64
+ 243

Classified changes - net
Unclassified changes - net

+ 86
- 37

+1,322
114

- 12

Net change in commercial, industrial, and agricultural loans
Reclassified l/

+ 49
+280

+1,208
+ 280

-782

Total

+329

+1,488

+ 8
+ 42

-

j / Preliminary; see footnote on attached table.
>
1/ Includes commercial, industrial, and agricultural loans reclassified October 5,
1955 as a result of a survey of credit extended to real estate mortgage lenders.
In addition to the weekly table, a monthly table is attached showing
changes during September compared with the preceding month and with September 1954,
and also showing changes during the past twelve months.
Changes during September were in the same direction as in August and in
September 1954, except in categories of manufacturers of metals and metal products
and of sales finance companies. The former increased during August and September in
contrast to decreases during the same 1954 months. Loans to sales finance companies
declined during September following a substantial increase in August; they also declined in September 1954.
The increases in loans to manufacturers of food, liquor, and tobacco
products and to commodity dealers were the largest monthly increases in these business categories since November 1954.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, OCTOBER 5, 1955

H.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 DisBoston
tricts PZ

* 2 + 8.2
. 9 +10.0

+35-9
+ 1.7

-

- 3-5
+20.0
- 4.8

- .5
+12.9
-1.9

(+ 7 - 7 )

New
York

St.
Phila- Cleve- RichAtlanta Chicago]
Louis
mond
delphia land
(In millions of dollars)
+
-

.5
1.4

+ 1 . 9 + 1.5
+ 2.4 + .2
- 4.9 + .9

-

.5 -

.3 +26.9

.3

.9

+ 1.1 + 2 . 9 + 1.9

San FranMinne- Kansas
Dallas
apolis City
cisco £/

4 2.8
+ .3

+10.5
- 6.2

+ 4.0

.4 + 1 , 1
•2

+ 5.9

.4
- 3-3 + .2
1.0 + .2
- -5 +
- 1.9 — .3 + 1 . 1

- 1.3
- .1
+ 1.1

- 1.1 -• .4 + 1.0 - 1 . 8
•
+ .5 - . 1 + .8 + 1.7
+ 1.0

+ .7
+ 1.0

- .8

+
-

+

. 9 + 2.7
• 2 + .6

-

-

.9 +

.9 - 1-5

+ .1 - .2 + 1.3

+

.4

- -

-• . 1 • .3

2 + 1.1
9 + .4 {•

.3
.4

Commodity dealers

+41.7

-

+

.2

-

.3 + 2.4 + 3.3

+ .8

+ 7.6

-5 +

Sales finance companies

- .1

+11.5 +12.6 +

.9

- 3.2 - 3.0 - 1.6

- 1.0

Public utilities (including transportation)

-33-3

+ 1.4 - 3.1

- 7.7
+ 2.4

+

.7

. +
5
2 +

Construction

+

+ .1

-

.5

,1

All other types of business

+19.8

.7

- .6 -11.3 + .7 - .1
- 1.8 - 1.2 + .2 + *7 + 1.8 + 1.4

+ 4.6 +22.5 + 1.8

- 2.7 + 1.7 - 3.1

+ 5.4

.5

—

2 3

- !

.6

+ .2
- 1.0

.3 - 3.2
.9 - 6.6

+ 2.5

.1 +

.5

-24.2

.1 + 3.6

- 3.4

1.5 - 8.4
•7
,4 + 2.4 -10.0

- .7
-20.8

-

- 2.4

Net change in classified loans l/

+85.8

Unclassified changes - net

-36.8

+ 3.6

- 6.3

+ 1.6

+ 6.6

- 5.5

+ 2.3

+ 5.4

+ 1«5

,4 + 1.6

-21.0

-24.2

Net change in commercial, industrial,
and agricultural loans

+49.0

+29.0

+71.0

+ 8.0

-16.0

+ 3.0

+ 6.0

+10.0

+11.0 - l.o + 4.0

-31.0

-45.0

Reclassified 2/

+280.0

+62.0 +86.0 +42.0

+34.0

+ 5.0

-29.0

+47.0

+25.0

--

+1.0

+ 9.0

- 2.0

Total

+329.0

+91.0 +157.0

+18.0

+ 8.0

-23.0

+57.0

+36.0

- 1.0

+ 5.0

-22.0

-47.0

+50.0

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.
1/ About 210 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 70 per cent of those of all commercial banks.
2/ See footnote on preceding page.




E,12(b)

CHANGES IK COMMERCIAL AM) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

Business of Borrower
i

4 weeks
5 weeks
5 weeks
12 months
ended
ended
ended
ended
Sept. 28, 1955 August 31, 1955 Sept. 29, 1954 Sept. 28, 1955
(In millions of dollars)

!

Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

+127.5
+ 75.1

+ 59.8
+ 78.0

+163.7
+ 20.4

63.7
+ 278.5

+ 4.5
+ 16.6
+ 19.8

+ 32.6
+ 20.4
+16.6

-174.2
+ 24.4
+ 9.3

+
+
+

25.7
492.8
158.0

Trade — wholesale and retail

+ 61.5

+ 30.5

+ 63.0

+

343.0

Commodity dealers

+113.0

+ 29.3

+124.1

+

51.1

Sales finance companies

-125.6

+274.4

- 84.2

+

874.9

Public utilities (including transportation)

+ 50.4

+ 41.2

+

.3

+

356.1

Construction

+ 26.0

+

+

1.9

+

241.5

All other types of business

+ 38.2

+120.3

+ 80.5

+

444.2

Net change in classified loans l/

+407.0

+704.7

+229.2

+3,202.1

Unclassified changes - net

+ 82.0

- 59.7

+ 12.8

+

Net change in commercial, industrial, and
agricultural loans

+489.0

+645.0

+242.0

+3,645.0

\ f See footnote on preceding table regarding current coverage.




1.6

442.9