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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) J a n u a r y lU? 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Repayments by a l l b u s i n e s s c l a s s i f i c a t i o n s r e s u l t e d i n a * ® J ? ® a s e of p o r t i ^ m e m b e ^ b a % d S I n g S f w e e k ^ n d e f JanSry 7 T % h i s % \ h e largest weekly decrease i n t h e s e loans s i n c e April 19u9e The p r i n c i p a l d e c r e a s e s were $67 m i l l i o n i n u n c l a s s i f i e d l o a n s , $30 trade. The d e c r e a s e i n l o a n s t o s a l e s f i n a n c e companies f o l l o w e d f i v e weeks of i n c r e a s e s t h a t had t o t a l e d # 0 6 m i l l i o n . The major p o r t i o n of t h e d e c l i n e i n l o a n s t o m a n u f a c t u r e r s of f o o d . Changes i n l o a n s d u r i n g t h e week and s i n c e mid-1952 were a s f o l l o w s : B u s i n e s s of Borrower M a n u f a c t u r i n g and minings Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and m e t a l p r o d u c t s Petroleum, c o a l , chemicals, & rubber Other m a n u f a c t u r i n g and mining Week ended , Since / J a n u a r y 7& June_25( I n m i l l i o n s of d o l l a r s ) - 2U - 1 - 9 - 12 + 2h 21 30 30 U u 26 +120 +631 +51U - 60 + 9 +165 C l a s s i f i e d changes - n e t U n c l a s s i f i e d changes - n e t -159 - 67 +2,335 -139 Net change i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s -226 +2,196 Trade — w h o l e s a l e and r e t a i l Commodity d e a l e r s S a l e s f i n a n c e companies P u b l i c u t i l i t i e s and t r a n s p o r t a t i o n Construction Other t y p e s of b u s i n e s s p! +731 - U1 + 1 +21*2 - p r e l i m i n a r y ? see f o o t n o t e on a t t a c h e d t a b l e . In a d d i t i o n t o the weekly t a b l e , a monthly t a b l e i s attached showing changes during December compared with the preceding month, with December 1951, and with the p a s t twelve months. Changes during December were s i m i l a r i n many r e s p e c t s t o those of November and a year-ago December. However, the i n c r e a s e i n l o a n s t o s a l e s f i n a n c e companies, which accounted f o r most of the n e t i n c r e a s e i n c l a s s i loans during the month, was the l a r g e s t monthly increase i n t h i s business gory s i n c e the s e r i e s was inaugurated i n the spring of 1951* Loans t o the wholesale and r e t a i l t r a d e , which had increased i n each month s i n c e August, d e c l i n e d s u b s t a n t i a l l y i n December. The smaller net i n c r e a s e s i n loans t o manufacturers of f o o d , l i q u o r , the corresponding period of 1951. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 7 , 1955 H. 1 2 ( a ) (In m i l l i o n s of d o l l a r s ) P h i l a - CleveNew All Disp / | Boston York d e l p h i a land t r i c t s P/ B u s i n e s s of Borrower Manufacturing and mining? Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and metal products ( i n c l u d i n g machinery & t r a n s p o r t a t i o n equipment) Petroleum, c o a l , c h e m i c a l s , and rubber Other manufacturing and mining - 2.6 -1.2 - + .It - ,5 - 1.6 + 5.5 - 5.2 + ,8 - 1,5 + 1,0 - 1.7 - .8 - M + it, 7 4- 2#1| 5 - 1,9 + 2,3 - 2,9 + — .it - 1,1 Commodity d e a l e r s -50,2 - 3.2 -20,1 - 2.8 - , S a l e s f i n a n c e companies -29,9 + 1,1| -3it,6 + 1*8 + 2,9 - Public u t i l i t i e s - 5.5 - ,it - 2,3 - ,7 + »7 — ,1 Construction - 5.7 - ,5 - 1*5 - ,1 - .U - A l l other t y p e s of b u s i n e s s -26.1 - .5 - 7.6 - ,5 -158.6 - 9.2 -95.U -67.lt + 2.2 Net change i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans -226,0 - - 1*5 - .1 - *it .5 mm mm + .2 mm .U — —- 4- — «§• + - + 1.5 .it .1 - + -f . ( + ,6 •it - it, 5 i1 , 8J ) — 1.6 — 2*8 - 5.0 .+ ,6 - 1.8 + 1,5 ,1 + - + .5 1*8 + 1.5 .5 - ,8 1.1 + -r - •3 el - ;9 + 1.5 r .1 - ,2 - 2,2 2 - *6 - *5 - .5 - .5 - 1.6 - 2,1 + .8 - 1*1 - 2.9 + .1 - .2 - 5.5 - 5*2 - 5.5 + 2,0 - 9.0 - 5.8 -23*1 + 0 H *• U n c l a s s i f i e d changes - net .it + ;5 - ;6 - 1.5 - 5.9 - 5*8 Net change i n c l a s s i f i e d l o a n s ^ / #1 ,7 ,5 .it ,8 i8 .2 + (including transportation) - + 2 r °-7) W .2 .5 ;1 .it + ,6 ,it •5 + -11.2 — 2.6 Tradej Wholesale Retail it.o .it - 1.9 - ,it - 8,6 -11,8 - + + i;5 1.6 - 1.8 «• ; 2 + #6 + Ifit .7 •8 + + - it.it ,8 .6 —18,8 - .5 1.5 1.0 -23.6 - ,5 + San Fran-, S t . Minne- Kansas Louis a p o l i s C i t y D a l l a s c i s c o P/ RichAtlanta Chicago mond 5.1 - 2.8 - 6.2 -15.7 -25,6 + 1,5 - it.o -llt.O - ,2 -11.9 - 5.0 - 1.1 - 1.2 + 2.2 -12.3 - 7 . 0 -119,0 -2.0 - 2,0 -23.0 - it.O -35.0 - 2,0 + 2,0 - it.o - it. 0 -26. 0 2,0 *7 - 1,5 p / P r e l i m i n a r y ; f i n a l t o t a l s w i l l appear i n t h e F.R. B u l l e t i n and f i n a l San F r a n c i s c o D i s t r i c t f i g u r e s appear i n a r e l e a s e o f t h e Reserve Bank. H.12(b) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY (In m i l l i o n s of d o l l a r s ) Business of Borrower Manufacturing and mining* Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and metal p r o d u c t s ( i n c l u d i n g machinery and t r a n s p o r t a t i o n equipment) Petroleum, c o a l , c h e m i c a l s , and rubber Other m a n u f a c t u r i n g and mining Trade — wholesale and r e t a i l 5 weeks 1* weeks 1* weeks ended ended ended December 31, 1952 November 2 6 , 1952 December 26, 1951 12 months ended December 31, 1952 +21*8.9 - 50.6 -113.1 -112.9 + 30.9 + 1*6.2 - 33.9 + 66.7 + 16.5 + 2.7 +220.3 + 35.9 + 37,3 +1,111.5 +1*26.0 +111*8 - 86.1 + 91.1 - 5l*,6 + 35.9 +159,0 + 27.3 +112.1 S a l e s f i n a n c e companies +1*06.1* + 65.3 +138.0 +326.9 Public u t i l i t i e s (including transportation) + 11,5 + 68.5 + 30,3 - 58,7 Construction - " 2.9 - 16.9 + 31.0 A l l o t h e r types of b u s i n e s s + 62.5 + 21.3 + 53.0 +162.7 Net change i n c l a s s i f i e d l o a n s l / +h6b*5 +610.4 +800.6 +1,91*8.1 U n c l a s s i f i e d changes - n e t -134.5 - 8.1* - 73.6 -334,1 Net change i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans +330.0 +602.0 +727.0 +1,614.0 l/ CVJ Commodity d e a l e r s O +156.1 - 17.0 + + 67.8 - 32.9 9.9 See f o o t n o t e on p r e c e d i n g t a b l e r e g a r d i n g c u r r e n t coverage*
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