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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) August 5, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Decreases of $27 million in loans to public utilities and $11 million to manufacturers of food, liquor, and tobacco products, and increases of $15 million in loans to sales finance companies and $13 million to commodity dealers were the principal factors accounting for a decrease of $28 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended July 29. Repayments by public utilities and manufacturers of food, liquor, and tobacco products were largely in the New York District. Most of the increase in loans to commodity dealers was in the New York and Kansas City districts. Changes in loans during the week and since the year-end are shown belowj the third column shows the changes during the comparable period last year; Business of Borrower Week ended , July 29" Cumulative since year-end Dec. 31,, Corresponding 1952 W period, 1952 (In millions of dollars) 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 & transportation Construction Other types of business Classified changes - net Unclassified changes - net Net change in commercial, industrial, and agricultural loans -7U2 +185 +396 - 31 +105 -891 - 52 +1,002 +205 + 82 8 +191 -138 27 U + 1 + 63 + 12 + 2 -21*9 -167 + 2h + 25 - 11 _ 3 1 1 - - + 13 + 15 - - „ 26 -575 2 -U78 -269 -735 - 28 -7U7 -836 - p/ Preliminary; see footnote on attached table, -605 - 5U -101 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT , WEEK ENDED WEDNESDAY, JULY 29, 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 (In millions of dollars) Phila- CleveNew All Disdelohia land York tricts p/ Boston -11-3 — — — 2,6 * 2.1+ + 6*6 — t> 1 — • 6 - «3 + »2 - .1 — 1*0 - Trade $ Wholesale Retail .5 8<> 1 + *2 .7 »1+ .1 —llu 9 - •1 ' ' - 1*3 + 6.7 Sales finance companies +ll+,8 + 2,0 + 2,7 Public utilities (including transportation) -26,5 - .2 -28.5 Construction — lt»0 - ,1 - 3*6 All other types of business + + .7 - it. 3 -25-6 + 1.9 Unclassified changes - net - 2.U + Net change in commercial, industrial, and agricultrual loans -28,0 + 2.0 el + + .1+ .3 - 1.3 - 3»9 + — + .1+ + l.l •h 1.2 - + • 5 .1+ — mm - .7 .1 .1 — ,1 2# 0 - .5 + 1.0 + 1.6 — — + ,9 + *6 .1+ - .3 .7 - 1.3 + l.l + .7 — — .1 *8 — - »h + 5.0 + 2,1+ + + 2.3 .2 + + .3 — - ,7 - 1,1+ — + 2.7 - .3 2.2 - — + 5,2 .6 .3 .3 + .6 ,1 - + - - 1.1 - — .8 l+.o + 1.0 .7 - .1+ - .2 + 2.6 - .1 — + 1.8 + .7 - .1+ - 3?l + .7 — — - 1.1 — .1 + .8 + 1.5 + •5 - iipO - -31.2 + .2 - 2.9 + - - .2 — 2.2 — 1.6 — .1 — .3 + 1+0 5 — - 1.1 - + ,1 +2.2 + .2 .2 •f • 9 - + 2ih - .5 - l.l .1 - .1 - .1 6 +13,0 Net change in classified loans^Z + + 2.2 Commodity dealers .7 — San Franj I St. Minne- Kansas RichDallas cisco p / mond Atlanta Chicago| Louis Iapolis City - .2 + 1.0 3.5! .8 .3 — — 2.3 + ,3 .2 .9 .9 — - .6 + 1.1 - .5 .3 - .1+ + 1+.2 - .1 .1 .6 + 2.8 - 3.3 + 6.2 - 1.5 - 1.8 + iul + 1+.7 4- .I* + 1.2 - .7 + 1.8 - .5 - 1.2 - 1.1 - + 5.9 + 1+.0 — U.o + 8,0 - 2.0 - 3.0 + 3.0 + 1+.0 .1 - a. 8 - 2.0 - -39,0 — 6.0 - 1.0 .7 •¥ 6.0 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 215 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 ban s»
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