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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
H.12
August 12, 1953
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Practically all industrial classifications participated in JJ9 wcreaae
of $156 million in commercial, industrial, and agricultural loans at w
7
types of business, and |2U million in loans to manufacturers of food, liquor,
and tobacco products.
The only net repayments reported by industrial classifications *Gre
$8 million by the wholesale and retail trade and $3 million by commodity deal
the latter decrease followed four weekly increases in July.
,
Changes in loans during the week and since mid-year are shown below;
the third column shows the changes during the comparable period last year:
Business of Borrower
Cumulative since mid-year
Week
une dU
ijorruopujiuj-u
,
June
ZU,.
Corresponding
}/
ended
:£/
1953
W
period,
1952
August 5'
(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
+156
-127
p/ Preliminary; see footnote on attached table.
In addition to the weekly table, a monthly table is attached showing
changes during July compared with the preceding month and with July 195'> ana
during the past 12 months.
In three business categories, July reflected a reversal of trends of
recent months. Loans to manufacturers of metals and metal products showed the
first monthly decrease this year, and loans to the wholesale and retail trade
showed a decrease for the first month since January; loans to commodity dealers
showed the first monthly increase this year. In each of these business categories the change during July was in the same direction as during July a year
ago.
Previous trends continued in loans to manufacturers of food, liquor,
and tobacco products; these loans decreased for the seventh consecutive month.
The increases in loans to manufacturers of textiles, apparel, and
leather products and to "other" manufacturers were not as large in July as in
June, but exceeded the increases in July a year ago. Loans to sales finance
companies increased in July, in contrast to a decrease in July 1952. Loans to
public utilities have shown but minor changes during the last two months.
During the past year, loans to sales finance companies and to manufacturers of metals and metal products have accounted for about one-half of the
total increase in commercial* industrial* and agricultural loans. Loans to e
wholesale and retail trade show the next largest increase.
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, AUGUST 5, 1955
H* 12 (a )
Business of Borrower
Manufacturing and minings
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 Dis
tricts p /
(In millions of dollars)
Phila- CleveNew
Boston
York delphia land
+25,5
+ 7.9
—
—
»6
,2
+11,8
+ 2,9
+
+10, it
+ 6.0
+ it.2
+ *6
- 2,9
+ .8
- 5.5
+ 8,6
+ 2.5
+
- .1
(" ' i
— .6
- 7.5
+ l.o
Commodity dealers
— 2,6
— 2,8
- 1.6
Sales finance companies
+15,0
- 1.1
Public utilities (including transportation)
+51.7
Construction
All other types of business
Tradej
Wholesale
Retail
Net change in classified loans3/
Unclassified changes - net
Net change in commercial, industrial,
and agricultural loans
.7
—
+
+
.7
.5
.it
+ 1.9
.2
1.9
«*•
Rich(Atlanta Chicago
mond
+
+
—
+
2.7
.9
+
1,1
.2
.5
+ 1.0
- .2
- .7
+ .2 — .8 + ,1
.1
.it
San FranSt. Minne- Kansas
Louis apolis City Dallas cisco p/
- ,1
+ 1.8
+
+
.it
.1
+ 1*6
+ .2
+11.9 - l.it
+ .2
—
- .7 - ,2
+
.it
+
+
-
- 5.5
+ 1.5
—
-
.2
.2
.5
,1
- .5
- 5.1
+ 1,0
+
.it
- 1.5
+ 1*8
—
.7
-
.7
- it,9
+ 1.2
+ .1 + 5.h + .1
-
.2
+
+ 5.5
+ l=it
+ 1.5
+ 1,6 — »6 * 1.1
+ k.2
+22.6
+
.5
- 2.9
+ .h
+ 1.0
+ 5.5
+
+152*5
- 2.k
+79.2
+ 6.1
+22,8
+ 5.0
+
.7
+ 8,5
+ 5»ii
+ 5.9
+ 2,1
+ 5,7
** ,6
+10,8
-* 2,1
— 2,8
—*
+
.5
+
+
+
— 2,1
+156.0
- 3,0
+90*0
+ it,0
+20,0
+5.0
.2
+ .2
+
.7
+ .6
+ 2.5
+1U.1*
+59.9
+ 7.2
+ .2
+ .1
+56.5
5
-
.it
+ 2.3
,5
+
.9
+1.0
•5
+ 9*0
.6
+ i|s0
—
8.7
.2
1.0
+ •U
+
+
+ 1.5
4-
.8
.2
+ 5.7
— 2,it
.5
.5
+ 1.7
- .6
+ 1.0
- la 6
+ 1,9
+
.k
»h
+
.9
• 5.0
—
.it
- 1.9
* 1,0
- l.l
• 7.5
- 2,5
+25*5
+
,5 .+ l.it
.6
*
.1
: (- H
+ .2
+
7
+ 1,2
—
+
.2
,1
+ it.0
——
+
*5
— 2.0
- 1.5
+2k» 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 JO per cent of those of all commercial banks.
Ho 12 (b )
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
(In millions of dollars)
5 weeks
ended
July 29, 1955
U weeks
ended
June 2k, 1953
5 weeks
ended
July 30, 1952
12 months
ended
July 29, 1953
+ 3it.it
- 6U.8
+ 1*0.8
- 23.8
+ 20*1;
+ 37.8
+12U.U
- 50.it
- 21.lt
+ 10.5
+ 72.1
— 66.0
+ 39.7
-108.7
+501*. It
+189.8
+136.0
- 15.6
+
2.3
- 32.3
+365.6
Commodity dealers
+ 2 it.8
- 91.1
+ 58.9
— k*s
Sales finance companies
Public utilities (including transportation)
+ 36.3
+
- 32.3
+523.0
- 16.9
-
it»6
U.9
9.6
—l6it#9
Construction
+
+
5.8
+175.4
+ 19.8
All other types of business
+
8.9
+ 26.b
+ 53.2
+139.O
Net change in classified loans^Z
-113.0
- 18.2
-189.2
+2,210.1i
Unclassified changes - net
— I4.I. 0
— 20.8
-
9.8
-323.it
Net change in commercial, industrial, and
agricultural loens
-151.0
- 39.0
-199.0
+1,887*0
Business of Borrower
Manufacturing and mining$
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
Trade —
l/
wholesale and retail
See footnote on preceding table regarding current coverage.
-II9.O
7.9
+ 29.0
+
+
5.5
@FedFRASER