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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) April 7> 195^ CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Repayments in loans of $44 million by commodity dealers, $11 million by public utilities, and $8 million each by manufacturers of food, liquor, and tobacco products and by manufacturers of metals and metal products were partly offset by increases of $13 million to sales finance companies and $8 million to "other" types of business; the net decrease in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended March 31 was $58 million. The decreases in loans to commodity dealers and to public utilities were largely in the New York and St, Louis districts. Loans to the wholesale and retail trade increased $6 million. 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 . March 312/ Cumulative since year-end Dec. 3Q Corresponding 19532/ 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 - 8 1 8 3 6 -248 + 89 ' - 12 - 75 + 3 -263 +148 +309 + 31 + 20 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business + 6 -44 +13 -11 + 3 + 8 - 70 -211 -219 + 54 + 8 - 16 +129 -324 - 77 + 33 + 7 - 20 Classified changes - net Unclassified changes - net -52 - 6 -697 + 80 - 8 -113 Net change in commercial, industrial, and agricultural loans -58 -617 -121 p/ Preliminary; see footnote on attached table. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, H.12(a) WEEK ENDED WEDNESDAY, MARCH 31, 1954 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 All DisBoston tricts P/ St. New Phila- Cleve- RichMinne- Kansas Sail FranAtlanta Chicago Dallas York delphia land mond Louis apolis City cisco 2/ Lons of dollars) (In mill] + 1.1 - .2 - .4 .4 - - 2.4 - 3.2 .1 - .5 - .2 + .3 + - 8.4 - 1.2 - 3.4 - 8.4 - 3.6 - 5.9 + 1.0 + 1.2 - 8.8 + .7 - 4.5 (+ C C) ( + 5.5 } - .8 - 2.8 .8 + 6.5 + - .4 - 2.1 .4 + .4 -43.7 - .4 -29.2 + .1 +13.1 - 1.4 +13.2 + 1-3 -10.9 + .9 - 5-9 + 3.3 + .9 + + 8.3 - .2 + 7.3 - Net change in classified loansi/ -51.9 - 3.3 -33.2 Unclassified changes - net Net change in commercial, industrial, and agricultural loans - 6.1 - .7 -58.0 - 4.0 Trade: Wholesale Retail Commodity dealers Sales finance companies Public utilities (including transportation) Construction All other types of business - 1.3 - 1.0 - 1.7 + .8 .1 + 4.4 + 5.3 + .7 + + + .8 .1 .2 + + + .8 .2 *3 + .3 .3 .2 .6 + .8 + - .1 + + 2.2 - .5 - 1.5 .4 + .2 - .3 .4 + + .2 .1 + .6 + 1.9 + 1.9 + - - .8 + .8 - 8.3 + 1.3 - l.l - 6.3 - - — .6 - + 7.5 .9 - 1.1 - 1.2 + 2.1 - 1.5 + .4 - .7 - 3.9 + .4 .8 + 1.2 + .1 + .8 - 1.7 + .5 .5 .7 •8 -- - 1.1 .4 " -- .3 - 1.2 - 6.7 + - .2 .1 - + - .7 - 2.2 + .7 (. .3 <+ .9 - 2.0 .2 - - •1 - .5 - 2.8 0) -8) + *4 .3 - 3.3 - 1.5 -1.6 + 3.4 - 1.4 + .1 - .6 + .2 + .8 - .6 + .7 + .7 - .1 + 1.5 - 3.1 + 1.9 .6 -- .1 + 1.9 - 1.1 - 2.7 + 2.5 + + 1.0 + 2.6 - 2.7 - 5.0 +13.1 -11.6 - - - 2.0 - 5.2 - 5.6 - 1.8 - 2.0 - 1.6 + 1.7 -- - .1 - 4.4 -- - 3.0 - 1.8 + 7.6 -35.0 - 1.0 + 1.0 - 1.0 - 5-0 +13.0 -16.0 - 5.0 - 7.0 + 2.0 g/ 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 220 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 banks. I
