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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) April 29> 1953 CHANGES IN COMMERCIAL AM) INDUSTRIAL LOAMS BY INDUSTRY Commercial, industrial, and agricultural loans at weekly reporting member banks declined by $131 million during the week ended April 22, the largest weekly decrease since the week ended January 7. Repayments of loans of $72 million by manufacturers of food, liquor, and tobacco products, $59 million by unclassified borrowers, $17 million by commodity dealers, and $15 million by "other" types of businesses were the principal factors in this decline. Partially offsetting increases included $18 million to public utilities, $12 million to manufacturers of metals and metal products,and $10 million to sales finance companies. The decline in loans to manufacturers of food, liquor, and tobacco products was the largest weekly decrease in this business category for over a year. Changes in loans during the week and since the year-end were as follows: Business of Borrower Week ended . April 222/ Since . December 31^' (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 - 72 - 3 + 12 - 8 + + + Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + 6 - 17 +170 - 396 + 18 +71 - 1 - 15 + 3 - 18 Classified changes - net Unclassified changes - net -72 -59 - 51 1/ - 192 Net change in commercial, industrial, and agricultural loans -131 1/ - 243 y - 4 +10 407 136 336 47 +18 - 11 Preliminary; see footnote on attached table. Excludes increase of $193 million in commercial, industrial, and agricultural loans resulting from revision of series, March 4, 1953. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 22, 1953 H.12(a) (In millions of dollars) 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 71.8 2.9 - 1.9 -46.5 + .3 - 2.3 12.1 8.2 3.7 1.3 - - 1.1 +10.6 + .3 - .9 + .1 - 1.0 h4 Commodity dealers Sales finance companies Public utilites (including transportation) Construction All other types of business - 16.6 + 10.3 - . 2 .9 .1 + 1.4 —— Rich Atlanta mond Philadelphia land All Dis- Boston tricts p/ .9 .3 - 1.7 „ 4.0 + .4 - -0 .4 .6 1.3 + 2.8 + 1.6 - - 2.8 + 7-7 mm w 3.6 .2 + .5 1.2 - 1.3 .7 +10.7 + .1 - 2.3 + - Ik. 6 + .2 -14.8 - 71.8 - 5.1 -35.6 + 1.9 + Unclassified changes - net - 59.2 - 1.9 -19-4 - 2.9 + 2.6 - Net change in commercial, industrial, and agricultural loans -131.0 - 7.0 . 2 - + - .k .1 — - .5 .6 + 2.4 Net change in classified loans -/ £/ .1 .6 .1 9.2 + 2.6 .2 .8 + .9 + + + 18.3 1.3 .1 Louis - - - - + 2,9 4.7 4 .5 - - - San Francisco p/ Mi nneanolis • 1 + .1 - 3.5 .6 + .1 + .4 - 1.0 - .4 .4 .5 .2 - 1.3 - 1.2 - .1 .9 - .2 .1 -1.0 — - .2 - - 3.8 .2 1.1 .1 1.5 - " 1.5 *9 - .2 + + 1.5 + 1.1 - .1 + .6 (+ .4 ( - .9 - .1 + 2.8 -7.0 .9 .3 3.4 + 4.3 -1.5 - 2.9 .2 .3 + 2.0 + 2.5 - - l.k - - l.l - + - + - - .2 + .6 .3 + .4 1.0 - .3 - - - 1.1 .5 .4 .3| + 1.0 ) + .6 - 2.7 + 1.3 + + - - 3.2 .5 .3 .9 .6 + .3 + 1.9 + 1.9 - 2.1 6.8 - 1.3 -9«3 - 9.0 - 4.5 - 4.3 .9 + .1 6.2 + + .5 -22.7 -55.0 - 1.0 + 3.0 + 3.0 - 2.0 - 4.0 -27.0 .4 + 3.9 .3 +1«3 - 13.0 - 1.0 -10.0 -8.0 -19.0 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: tnese banks hold over 90 per cent ~ of total commercial and industrial loans of all weekly reporting member banks and nearly 70 per ceufc c. those of a.l commercial banks.
