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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

August 4, 1954

CHANGES IN COMMERCIAL AM) INDUSTRIAL LOANS BY INDUSTRY
Net declines of $40 million in loans to manufacturers of metals and metal
products, $28 million to manufacturers and producers of petroleum, coal, chemicals,
and rubber products, and $13 million to the wholesale and retail trade were partly
offset by increases of $19 million in loans to manufacturers of food, liquor, and
tobacco products, $18 million to commodity dealers, and $13 million to sales
finance companies. The net decrease in commercial, industrial, and agricultural
loans at weekly reporting member banks during the week ended July 28 was $34 million.
Most of the decrease in loans to manufacturers and producers of petroleum,
coal, chemicals, and rubber products and about one-half of the decrease in loans
to manufacturers of metals and metal products were in the New York District.
Loans to manufacturers of food, liquor, and tobacco products increased
for the second consecutive week, reflecting seasonal borrowings that usually begin
about this time of the year. Loans to manufacturers of textiles, apparel, and
leather products increased for the fourth week; the current increase was $7 million.
Changes in loans during the week and since the year-end 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, & rubber
Other manufacturing and mining
Trade -- wholesale and retail
Commodity dealers
Sales finance companies
Public utilities & transportation
Construction
Other types of business

Cumulative since year-end
Week
Dec. 30
Corresponding
ended
19532/
period, 1953
July 282/
(In millions of dollars)

+19
+ 7
-40

+

502
91

-740

+185

-

708

-

75
14

-13

-

68
298

+192
-608

+13
- 9
+ 6

+

187
46

+

77

- 53
+ 67
+ 13
+ 1

-28

- 5

+18

+ 6

+

87

+395
- 31

+106

Classified changes - net
Unclassified changes - net

-27
- 7

-1,550
- 306

-473
-274

Net change in commercial, industrial, and agricultural loans

-34

-1,856

-747

g/

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,
WEEK ENDED WEDNESDAY, JULY 28, 1954

H.12(a)

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

All Dis- Boston
tricts p/

+18.6
+ 6.8

New
York

+ 2.5 + 2.4
• 9 + 3.4

-39.7
-28.3
- 4.5

+
+

<-13A>

-

St.
Minne- Kansas Dallas San Francisco p/
Louis apoli s City

Phila- Cleve- Rich- Atlanta Chicago
mond
delphia land
(In millions of dollars)
+
+

+ 5.8
+ 1.6

1-3
+ .3

.8
.4
.2

3.2
1.3
.7
1.4
2.3

-

• 3 + 1.5

+

• 5 -18.8
.7 -25.5
.4 - .5 +
.1
1.2

- .5
- 2.7

- 1.1
1.8

Commodity dealers

+17.6

+

.3

+ 8.8

+

Sales finance companies

+13.3

- 1.1

+12.5

- 2.0

Public utilities (including transportation)

- 8.7

-

• 5 -11.4

Construction

+ 5-5

-

.1

All other types of business

+ 6.1

-

1.7

+ 4.7

-

Net change in classified loans!/

-26.7

—

2.2

-26.8

Unclassified changes - net

- 7.3

-

.8

Net change in commercial, industrial,
and agricultural loans

-34.0

-

3-0

-

1.2

.8
.7

1.2
.1

+

+
+

.6
.1

.6
.4

+

+

.9
.2

.1

-

.9

1.8

+ 1.3 + 1.3
+ .3
.

1.0
6.9
•9
.1 + .1

.1

-

.1
.6

.3
.4 +

.1
-

1.8

- 1.1
.5

+

.9

- 1.3

+ 3.7

+ 2.1

-

• 5 + 3-5

.1

+

.8

+ 1.5

-

.2

+ 3.8

-

•9 +

.5

+

.4

+

•5

+

1.7

+

.8

-

•5

+ 2.5

-

-

4.5

-

7.5

+

.1

+ 2.7

- 8.0

+ 1.2

- 3-2

-

1.5

+ 1.5

-

.1

-

.7

+ 5.0

+ 2.8

-30.0

- 6.0

- 6.0

+ 2.0

- 3-0

+ 4.0

.8

-

3-7

--

.3
3.0

.7

—

+

.4

+ 2.1

-

• 7 + 1.2

+

.4

+ 1.7

+

-

.1

+

.1
--

"

+ 7-5
- .1

.1

.2
.1
.2

3.9

.1
.6

+

- 4.2
+ -5
- 2.6

1.9
l.l

(.
(

+ 3.8
•

8

>

-

.6

+

.5

+ 1.6

-

.8

+ 2.1

4 .1
-

+ 1.1

+ 1.3

+ 1.0

.1

+ 2.0

+ 1.8

+ 1.1

+ 1.0

+ 6.6

-

•5

+11.2

+ 1.4

+

•5

-12.2

+

- -

+ 1.0

+ 8.0

—

- 1.0

2/

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 TO per cent of those 01 all commercial banks.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102