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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) December 16, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Practically all industrial classifications participated in the $53 million decrease in commercial, industrial, and. agricultural loans at weekly reporting member banks during the week ended December 9» The principal repayments were $25 million by sales finance companies, $24 million by public utilities, and $22 million by the wholesale and retail trade, The trade decrease was largely in loans to the retail trade and was reflected in most districts. The only net increases in classified loans during the week were $21 million to manufacturers of food, liquor, and tobacco products, and $7 million to commodity dealers. 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 Week Cumulative since mid-year ended June 24, Corresponding December 92/ 1953 £/ period, 1952 (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 + 21 - 4 - 4 - 2 - 4 +463 - 83 -291 + 68 - 34 +760 - 15 - 19 +315 + 64 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business - 22 + 7 - 25 - 24 - 6 - 3 +137 +342 -312 - 49 - 20 + 59 +268 +672 +194 - 66 + 21 +134 Classified changes - net Unclassified changes - net - 64 + 11 +280 + 4 +2,329 + 37 Net change in commercial, industrial, and agricultural loans - 53 +284 +2,366 g/ Preliminary; see footnote on attached table. CHAS6ES IN" COMMBRGIM,-AKD IBD0S1RIAL L0AS5-0F A SAMPLE OF WEEKLY REPORTING MEMBER BAMK8 BY INDUSTRY AMD FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, DECEMBER 9, 1953 Trade: Wholesale Retail +21.0 - 4.0 + + - 3*6 - 1.5 - 4.4 21 7 r - ) + - .9 +17.3 + .1 + .7 + 2.2 .8 — 2.8 + .1 - .2 - .8 .1 + 2.4 .5 •4 - 9.9 .1 + .5 - i.4 + 2.5 + .1 1.0 - .7 + .1 + .1 + l.l - 2 . 3 - .3 - 4.1 + 4.o .9 .3 + 5.3 - ,6 - 1.0 - 1.0 - 1.2 + + .7 .3 + .2 + .1 - .6 + 1.4 + .3 + + 1.8 1.7 - .3 — 2.8 - .5 - - .1 - .4 - .5 - *1 - 2.4 - .8 + .2 - .9 - -3 ,4 + .8 - 1.3 + 1.2 - .3 - 1.8 - .1 + .5 - .2 + .6 - 3 . 0 - .3 - .4 - .2 - 1.4 .7 + 1.0 -64.1 +11.1 + .8 -12.4 + .5 -13.3 .2 - - 1.8 — 9.6 .2 -1.6 -53.0 - 1.0 -22.0 Commodity dealers Sales finance companies Public utilities (including transportation) Construction • 7.4 -25.1 -23.6 - - 5.6 - l.l All other types of business - 3.0 Net change in classified loans!,/ Unclassified changes - net Net change in commercial, industrial, and agricultural loans oh 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 Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Francisco p/ Louis apolis City mond York delphia land tricts^/ (in millions of dollars) 1 1 Business of Borrower f—' H.12(a) .2 + 2.4 - 1.5 + 7-5 -14.6 -12.1 - 2.1 — 2.1 + 2,5 + 3.0 - .7 -14.0 - 1.3 - .2 - .4 + — • — — 1.4 — 3.0 + - .1 2.3 1.2 8.6 7.7 1.2 - 1*1 - 1.5 - 2.7 - 2.3 + 5.4 - 1.5 - i .4 - .7 + .2 -- ~ 1.1 ( l.z] - ,6 C + .4 - 5.6 + .5 - 1.0 — — — .2 - 1.4 - 4*5 —25.0 5.6 — 7.0 - 6.3 + 2.9 — 4*7 + —li.o .1 + 3*® + - + + 3-9 .7 2.2 1.2 .7 •1 h.5 + 2«5 .6 + .1 •3 + 2.6 + *k - 8.5 + 8.5 - 4,3 - - — + + - - - .4 <- .4 + .1 - .6 -20.5 + .4 - - - 2.0 +28.3 +24.0 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. l/ About 220 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold over 90 P e r 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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