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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g.12 (For Immediate Release) April 21* 195^ CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Repayments in loans of $57 million by manufacturers of metals and metal products, $31 million by commodity dealers, $26 million by manufacturers of food, liquor, and tobacco products, and $68 million by unclassified borrowers, were partly offset by increases of $23 million in loans to "other" types of business and $19 million to the wholesale and retail trade. The net decrease in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended April 14 was $156 million. The decrease in loans to manufacturers of metals and metal products was the largest in this business category since the first week in January of this year and occurred largely in the New York District. The trade increase was largely in loans to the retail trade. Changes in loans during the week and since year-end are shown below; the third column shows the changes during the comparable period last year: Business of Borrower Week ended April l W Cumulative since year-end Dec. 3Q Corresponding 1953^/ period. 1953 (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 + 1 - 57 + 3 - 9 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business + + + - 26 -309 + 93 - 81 - 76 - 5 -335 +139 +324 + 55 + 21 - 50 19 31 5 13 8 23 -202 + 4 + 23 + 59 +164 -379 - 22 + 53 + 3 - 3 Classified changes - net Unclassified changes - net - 88 - 68 -811 - 11 + 20 -123 Net change in commercial, industrial, and agricultural loans -I56 -822 p/ Preliminary; see footnote on attached table. -267 . -103 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 14, 1954 H.12(a) Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Hetals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining "aes&e: Wholesale Betail JSommodity dealers All DisBoston tricts P / Phila- Cleve- Rich- Atlanta Chicago mond delphia land (In millions of dollars) New York 2.1 - 2.0 • 8 + .5 3.4 + 1.9 - 5.2 + .4 2.9 + .5 + .2 -36.5 + .4 + 1.2 - 4.4 + 1.0 + +10.0 + 1.0 + -18.4 - 1.8 + 2.9 - - 4.0 .6 2-5 .1 + 1.1 • + .1 .8 + 1.0 + .3 mm wm .5 .4 .9 1.0 •3 .6 •9 + 2.5 + .2 + 1.3 + - 5.3 - 1.0 + .1 •7 .5 •7 - 9.8 + 1-9 - 1.2 - .2 - .3 - .3 + .2 + •6 + .1 - .2 - .4 + 1.2 + - 3.1 - .5 - .1 - 3.4 + 1.3 - - 1.2 - 1.6 Public utilities (including transportation) + .1 - 6.6 - .6 Construction + - • - .4 + 1.4 + .8 + 1.6 .4 + •9 + 5.9 + .3 1.9 - 3.5 - 3.1 + .3 1.8 .6 + 3.4 - 3.3 - .7 - 3.2 .1 - -- .6 + - - + L ( - 1.1 .1 - 4.2 + 1.0 .1 .5 .3 + .4 - 1.9 .2\) + .1 - 2.2 •7 - 1.5 — 1.1 + 2.1 - 1.6 -- - 1.0 - 1.9 - .4 .1 1.9 + 1.2 + 4.9 + .6 + 2.9 .6 + Net change in classified loaneV + 2.9 -37.0 • 9.7 -11.4 3.2 - 2.9 -10.5 - 8.3 - .2 - 2.9 + 4.6 - 9.3 Unclassified changes - net - .9 - 3.0 - 2.3 - 2.6 + 1.2 - .1 -25.5 -11.7 - 1.8 - 5.1 - 3.6 -12.7 + 2.0 -40.0 2.0 • 3.0 -36.0 -20.0 - 2.0 - 8.0 + 1.0 -22.0 Net change in commercial, industrial, and agricultural loans E/ .1 .5 + •3 .1 .2 + •1 - 4.4 - 2.1 + .8 - .7 - + All other types of business - 4.2 + - .5 + - .6 - 1.5 .6 •7 Sales finance companies .3 + 1.0 + + 1.1 +24.6 - •5 .8 Minne- Kansas Dallas San FranSt. cisco P/ Louis apolis City 12.0 -14.0 Preliminary; final totals vill appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. ^ £ £ cent of total
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