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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H,12 (For Immediate Release) April 15» 1953 CHANGES IN COMMERCIAL A D INDUSTRIAL LOANS BY INDUSTRY N Increases of $52 million i n loans to sales finance companies, $19 million to the wholesale and r e t a i l t r a d e , $15 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and $12 million to "other" types of business were the p r i n c i p a l f a c t o r s i n t h e $28 million increase in commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans a t weekly reporting member banks during the week ended April 8. P a r t i a l l y o f f s e t t i n g decreases included $39 million i n loans to manufacturers of food, l i q u o r , and tobacco products and $25 million to commodity d e a l e r s . Most of the increase i n loans to the wholesale and r e t a i l trade occurred i n the San Francisco, Chicago, and Dallas d i s t r i c t s j there were smaller increases i n a l l but three of the other d i s t r i c t s . The decrease i n loans to manufacturers of food, l i q u o r , and tobacco products occurred i n a l l but one d i s t r i c t and the decrease i n loans to commodity dealers occurred i n every d i s t r i c t . Changes i n loans during the week and since the year-end were as follows: Business of Borrower Manufacturing and mining: Food, l i q u o r , and tobacco T e x t i l e s , apparel, and l e a t h e r Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining Trade — wholesale and r e t a i l Commodity d e a l e r s Sales finance companies Public u t i l i t i e s and t r a n s p o r t a t i o n Construction Other types of business C l a s s i f i e d changes - net Unclassified changes - net Net change i n commercial, indust r i a l , and a g r i c u l t u r a l loans Week ended , Since , April 82/ December 31— (in millions of d o l l a r s ) 39 9 w 2 + 15 5 + 19 - 25 + 52 + 5 + ***% + 12 + ho 12 + 28 -302 +156 +307 + U6 + 15 +1U8 -3U9 - 25 + 37 + 7 - 8 + 32 -13U v v -102 p! Preliminary; see footnote on attached t a b l e . l/ ~ Excludes increase of $193 million in commercial, i n d u s t r i a l , and agric u l t u r a l loans r e s u l t i n g from revision of s e r i e s , March U, 1953, CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF TJEEKLY REPORTING MEMBER BMiKR BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 8 , 1955 H. 1 2 ( a ) Business of Borrower Manufacturing and mining} Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and m e t a l p r o d u c t s ( i n c l u d i n g machinery & t r a n s p o r t a t i o n equipment) P e t r o l e u m , c o a l , c h e m i c a l s , and rubber Other m a n u f a c t u r i n g and mining Tradei Wholesale Retail + 8.5 -11.8 +8.1 - 3.1 — .5 + *• 1.6 + - 6i3 +15*1 * .2 * +1.9 - .5 + .7 + 1.2 -+ 2.1 + *h - + + .6 .8 + + .2 1.0 - 1.3 + it.9 - .2 - - 2,9 - - 1.3 .1 2.5 3.6 - .9 + 3.5 + +15.0 - lie 6 ( ' ) (+18.5) Construction — *2 A l l o t h e r t y p e s of b u s i n e s s — + .7 ,6 .1 .3 .1 - 7.6 +50.U 1.5 —— .3 .2 - - 3.h - »2 - - + .1 + - + - 1.1 + 1.5 - .1 - + - - 2.3 - .8 + + 1.6 - 8.0 - 9.3 - 8.3 + + l.it + .it — - 5.7 + 1.3 + .6 + 8.0 + 2.0 8.0 -15.0 - 7.0 + 2,0 + - 1,5 - 5.0 ^5L*o «» 7.0 - .5 .it .6 .1 — l.it .7 ,1 .8 + .2 — .it .1 .5 +28,0 + 1.2 - + 6,6 Net change i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans + 1.2 *" . 1 .6 5.5 1.5 + 5.6 2.7 .2 + .1 - +15,9 -12.it + .1 .5 .5 - 2.0 ,2 U n c l a s s i f i e d changes - n e t + - 1.1 .2 + .3 - 2.0 - .8 — 1.2 + . 3 - 2.3 - .7 - - 1.8 - .2 + .9 + #3 .9 2,6 .5 i.U 5.5 — - 3.U - - 1»2 - + .9 — .7 + .3 - 3.5 + .7 4- . 5 + 1,0 .1 +i|0,l+ .6 .2 .3 - Net change i n c l a s s i f i e d loans - + + .1 +12,0 + - .6 + it.2 + 2,2 + GO -25.1 +52.1 + U»6 + ,3 - l.o .7 S7 - I*.7 — .7 .2 -*• — .5 - 1.5 *3 San FranMlnne- Kansas c i s ccP/ Louis a p o l i s C i t y Dallas Richmond A t l a n t a Chicago -38.8 I 33emsBCdity d e a l e r s S a l e s f i n a n c e companies Public u t i l i t i e s (including t r a n s p o r t a t i o n ) (In m i l l i o n s of d o l l a r s ) New P h i l a - CleveA l l Dis-v t r i c t s P / Boston York d e l p h i a land 1.0 .3 + *6 - .6 + .7 - 3.8 '5) 4- 2 , 9 + 5.8 w *h - + si .1 (+ 5 + 2,ii + .6 — + 5.7 - it. 0 + 1,3 it.o + 7.0 - - 7*2 2,0 2.5 + 3. it 2.3 + .5 4- 6 , 2 ** 5.2 H 1,0 h p / P r e l i m i n a r y ; f i n a l t o t a l s w i l l appear i n t h e F . R . B u l l e t i n and San F r a n c i s c o D i s t r i c t f i n a l f i g u r e s appear i n a r e l e a s e of t h e Reserve Bank, l / About 215 weekly r e p o r t i n g member banks a r e r e p o r t i n g changes i n t h e i r l a r g e r loans as to i n d u s t r y ; t h e s e banks hold over 90 per cent of j t o t a l commercial and i n d u s t r i a l loans of a l l weekly r e p o r t i n g member banks and n e a r l y 70 per cent of those of a l l commercial banks.
