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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 26, 1955 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY Commercial, industrial, and agricultural loans at weekly reporting member benics decreased $32 million during the week ended October 19 as decreases of $54 million in loans to sales finance companies, $25 million to manufacturers of textiles, apparel, and leather products, $22 million to public utilities, and $25 Milion to unclassified borrowers were approximately offset by increases of $48 million in loans to the wholesale and retail trade, $46 million to manufacturers of food, liquor, and tobacco products, and $24 million to commodity dealers. The increase in loans to manufacturers of food, liquor, and tobacco products, which occurred in all but three districts, was the largest weekly increase ui this business category since December 195^» Increases in loans to the wholesale ad retail trade occurred in all but the Boston and Minneapolis Districts. e Changes in loans during the week and since the mid-year are shown belowj s 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 June 29, 1955 June 30, 1954 Week ended to to Oct. 19B/ Oct. 19, 19552/ Oct, 20, 1954 (in millions of dollars^" +46 -25 - 2 - 2 - 7 + + + + + 247 156 6 64 60 +251 + 65 -452 + 45 - 20 i'rade -- wholesale and retail Jcsaiodity dealers 3al.es finance companies public utilities and transportation Construction Other types of business +48 +24 -54 -22 - 3 -11 + + + + 248 308 59 17 73 270 +144 +293 -239 -211 + 44 +113 Classified changes - net Unclassified changes - net - 7 ^25 +1,356 93 + 32 -790 Net change in commercial, industrial, and agricultural loans Loans reclassified on October 5 -32 +1,263 318 -758 Total j Preliminary; see footnote on attached table. - - + +1,581 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 19, 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, All Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Francisco g/ Louis apolis City York delphia land mond tricts 2/ (in millions of dollars) +46.2 -25.3 - .7 +22.0 + 1,0 - 2.7 -10.1 - 2.0 + 2.0 + 2.1 + 2.7 .8 - 1.4 - .8 - - 1.5 - 2.3 - 6.7 - 3-5 + 7.5 + .3 + 1.5 - 3.3 - 3.0 1.6 + 1.2 + •1 - -.5 1.1 .4 Trade: Wholesale Retail — 1.8 + 8.5 + 1.0 ,o J +48.2) + 1.0 + 9-5 + .5 Commodity dealers +24.4 - 1.0 - 4.3 + 1.4 Sales finance companies -54.4 + .8 -27.9 Public utilities (including transportation) -21.6 + .4 -23.5 + Construction - 3.0 - .2 - All other types of business -11.4 - 2.4 -17.0 + 2,0 + 1.8 Net change in classified loans 1/ - 7.4 -13.1 -37.3 - 2.1 +18.2 Unclassified changes - net -24.6 - Net change in commercial, industrial, and agricultural loans -32.0 -14.0 -53.0 - .5 4.6 .6 -- .9 -15.7 - 2.9 - 5.0 - — .8 .6 + 2.8 + - .2 .3 .8 + 7.8 - 2.6 + 3.9 - 1.5 + .4 .1 + 2.9 1.5 .5 - .5 + 3.0 1.9 + - 3.4 + .6 .4 + .6 .9 + .6 + 1.6 .4 .5 .6 — - - .3 + - - + .9 .1 (++ 3 3 J 4 ( ' ) + 3.1 + 4.3 .3 + 2.9 + 2.4 + 2.0 + .7 - .2 + 1.4 + 4.4 + 2.0 + 2.1 + .5 + 9.1 + 1.3 + .7 + 1.8 + 4.5 - .4 - .8 + 2.5 .1 - 3.7 .3 - .3 - .3 + 9.7 + 1.9 .3 + .7 - 6.4 3.7 .4 - 2.1 + .2 -13.7 + l.l - 3.2 + + 1.9 - 2.7 + 1.4 + 1.6 + 1.2 - .5 + .1 + 1.6 - - .4 .3 - 2.2 + l.l + + - .5 - - - - .2 - .4 - — .2 3.4 + 3.1 +14.6 - .5 - 3.6 + 1.9 - 1*6 + 5.5 - 7.0 + 5.0 +13.0 + 5.0 - 3.4 + 1.4 + 5.2 +11.6 - 2.8 + 9.5 - - .5 + 9.0 .2 + .4 5.0 +12.0 + .8 - 2.0 - + + 3.3 — mm 8.2 + +10.0 •4 .6 + 1.6 + *5 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 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.
@FedFRASER