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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ^•12 (For Immediate Release) September 7> 1955 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Increase of $109 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended August 31 included mo6t industrial classifications. The only net repayments reported were $21 million in loans to public utilities and $5 million to "other" manufacturing and mining. The principal increases were $56 million in loans to sales finance companies, $17 million to manufacturers of metals and metal products, $15 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products (largely in the Chicago District), and $14 million to manufacturers of food, liquor, and tobacco products. 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 Cumulative since mid-year Week June 29, 1955 June 36, 1954 ended . t o . to Aug, 312/ Aug. 31. 19552/ Sept. 1, 1954 (In millions of dollars"]+ 14 + 1 + 17 + 15 5 - - 10 +106 - 8 + 38 + 46 + + - 5 82 282 47 12 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + 1 + 9 + 56 + 12 + 71 + 92 +236 + 45 + 36 +177 Classified changes - net Unclassified changes - net + 98 +__11 +829 -171 - Net change in commercial, industrial, and agricultural loans +109 +658 -1,086 - 21 — p/ Preliminary; see footnote on attached table. + - . + - 27 128 48 101 32 5 274 812 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, AUGUST 31, 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 Dis-. New Phila- Cleve- RichSt. iMinne- Kansas San Frantricts 2/ Boston York delphia land mond Atlanta Chicago Louis lapolis City Dallas cisco (In millions of dollars) +14.0 + 1.1 + + +17.2 +14.8 - 5.2 .4 + 4.4 - 1.0 .6 - .3 + .4 + *3 + •1 - .3 - *9 .2 + .1 + 9.3 + 2.8 + 1.3 + .2 + + .4 - 1.9 + 1.0 +13.4 - .9 + 6.7 + 2.1 - 1.4 - 4.5 + .4 + 2.5 + 1.0 + .2 - .1 - .2 - .4 - 1.3 -- - .3 — 1.6 +13.7 + 2.0 - .2 .1 .3 - - 1.7 + - .6 + 1.1 .1 - .4 + .7 + .3 - 2.6 + .6 - .5 + 3*8 - .6 - (+ -7) - 1.2 + 2.7 - 1.0 .5 + .3 + .3 .8 - .7 + 3.0 .1 + 1.1 + .5 + 1.4 + + .2 + .4 .6 - .7 .1 .8 + 1.0 .8 - 7.7 .2 + .2 .2 <• .3 NOT AVAIL- -Sommodity dealers + 8.9 + Sales finance companies +55.5 + 2.7 +40.2 - 3.6 + 5.3 - 1.3 + 1.6 +13.4 - 1.4 + Public utilities (including transportation) -21.1 + 1.9 -21.4 + .3 - 7.0 + 1.8 + .1 + 1.5 - 1.1 Construction + - 2.0 - .3 + .3 - .7 + All other types of business +12.2 + .4 - 1.0 - .1 + 2.3 *8 + 4.2 + 4.6 - Net change in classified loans l/ +98.2 + 3.2 +42.7 - 4.0 + .8 + 6.5 +48.7 - 2.3 + 1.6 - 1.7 + 2.5 Unclassified changes - net +10.8 + - 5.2 - 1.8 + -5 + 5.3 - .6 + 2.7 -12.5 +16.0 - 5.0 - 1.0 + 7.0 +54.0 - 3.0 + 1.0 + 1.0 -10.0 +16.0 Net change in commercial, industrial, and agricultural loans .1 +109.0 - - *8 + 5.3 + 1.0 + 4.0 +48.0 - 3.0 .4 - .2 + .1 + -- + 2.9 - 1.5 + .9 - - .9 - 2.3 - .8 + 3.6 .1 - .4 - .6 + 3.4 .3 - .6 - .5 + 4.0 .7 - — — ABLE j>/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures syzpear in a release of thefieserve Bank* 1/ About 220 weekly reporting member banks are reporting changes in their larger leans 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. DigitizedA for FRASER
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