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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H„12 (For Immediate Release) August 26, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL IOANS BY INDUSTRY Increases of $21 million in loans to manufacturers of food, liquor, and tobacco products, 620 million to public utilities, and %>13 million to manufacturers and producers of petroleum, coal, chemicals, and rubber products were the principal factors in the $28 million increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended August 19. Partially offsetting decreases included $15 million in loans to "other" types of business and $11 million to commodity dealers. Loans to manufacturers of food, liquor, and tobacco products increased for the third consecutive week. Most of the current increase was in the New York District, but there were smaller increases in all but two other districts. 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 Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week Cumulative since mid-year ended , June""2lC Corresponding August 19— 1953 2. period, 1952 (in millions of dollars) < 21 "• 2 8 H 13 3 - 55 + 55 - U6 + 88 + U9 -215 + l.U + 7U + 13 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business - 1 11 20 8 15 ; + + + + + Classified changes - net Unclassified changes - net 27 ; 1 +133 + 10 - 16 + 31 28 +1U3 + 15 Net change in commercial, industrial, and agricultural loans mm mm p/ Preliminary; see footnote on attached table, 22 13 53 58 17 U5 - Wx +126 - 6k -138 + 18 + 77 CHANGES IN COMMERCIAL AND INDUSTRIAL IDANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 1% 1953 H.12 (a) Business of Borrower Manufacturing and miningj 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 All Dis-1 tricts Pz Boston *21.3 + New York - + .5 - «it + .7 - - .1* + l i l — »8 + . 3 - l.U + .8 - 1.3 + 2.0 + .3 - 1.7 - .3 - .5 .2 + .2 + l.U + .1 .7 - 8.3 +12.5 - 2.8 + .6 .1 + . h - 2.5 + 6.7 - 3.7 .9 + * ) + 1.6 - .2 .3 + — .3 + .3 .1 * el - .3 + .1 + .3 + 1.2 .it + .9 - 1.5 - 1.8 .2 - .1 .9 + 2.3 + .1 - .2 - .5 — .1 - .7 + 1.0 — 1.0 + . 1 - .1 + 2.6 + .6 + .1 + .it + .3 — - .1 + .1 — .8 + .9 - + - l.l .2 — - - .3 - + .9 , O + *3 1.0 L c - l.ii ~ #6Z + .5 -r ( + 1.6 ) ) - .7 *6 - l.o + *it + 3.3 - +13.7 - . 9 + 2.9 + . 1 - * 1.0 - .5 - 3.8 + 2.7 - «2 + e6 + .5 + l.l - 1.8 + - .it - .1 + .2 - 1.5 - .9 + 3.it + 2.I1 + 2.1 *21,. 2 - 6 . 1 + M + 2,6 + 2.0' - 1.8 - 1.7 - .1 - l.li - 3.2 - .9 + 1.0 - - 3.0 + 2.0 + 1.0 +21.0 - 7.0 + 5.0 + 2.0 -11.1 - 1,8 -10,7 - Sales finance companies + . h -U.l - Public utilities (including transportation) + .5 +19,5 + 2,2 +llul Construction + 8,4 4 .2 + 2u3 All other types of business -15*0 - .3 -lit.o + 3.It - .6 .3 * »2 - . 2 + .6 - .6 + l.l - 3.8 + 1.2 - 1.3 Unclassified changes - net 426,9 + 1.1 .1 - 7.2 + .8 Net change in commercial, industrial, and agricultural loans +28.0 1.0 -11.0 + 2.0 - + - + 1.6 + .2 + 1.0 — — Commodity dealers Net change in classified loansV' + 3.it + 3.0 - .5 + + 1.5 ( + .1 +11.9 - .u .5 .9 6 San Fran-, S t . Minne- Kansas Phila- Cleve- RichChicagc Louis apolis City Dallas ciscu P/ Atlanta mond delphia land (In millions of dollars) .7 .3 .it - 2.7 .6 .3 —*• + .1 .6 —- *llt.8 + 2.0' +13.0 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. l/ 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 70 per cent of those of all commercial banks*
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