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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) January 20, 195^ CHANGES IK COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Repayments in loans of $71 million by sales finance companies, $30 million by unclassified borrowers, $20 million by commodity dealers, and $12 million by the wholesale and retail trade were partly offset by increases of $22 million in loans to manufacturers of metals and metal products, and $11 million to manufacturers of food, liquor, and tobacco products. The net decrease in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended January 13 was $96 million. The decrease in loans to sales finance companies was the largest weekly decrease in this business category since October 21, 1953- Loans to the wholesale and retail trade decreased for the eighth consecutive week. Loans to manufacturers of food, liquor, and tobacco products increased $19 million in the New York District, but decreased in eight of the other districts. The increase in loans to manufacturers of metals and metal products followed four consecutive weekly decreases. 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, & 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 Week Cumulative since mid-year ended June 24, Corresponding January 13#/ 1953 £/ period, 1952 (in millions of dollars) +11 + 7 +22 - 1 + 3 -12 -20 -71 - 9 +749 - 29 + 48 - 73 +236 + 26 - 63 +115 + 98 +350 -219 + 17 +605 + 5 +100 -66 -30 + 15 + 34 +491 - 50 + 12 +169 +2,373 -i4o -96 + 49 +2,233 • — p/ Preliminary; see footnote on attached table. +417 -102 -481 - 28 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY 13, 1954 H.12(a) Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Jtetals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade: Wholesale Retail San FranSt. Minne- Kansas New Phila- Cleve- RichAll DisDallas cisco P/ Atlanta Chicago Boston Louis apolis CityB/ tricts P/ York delphia land mond (In millions of dollars) - .8 - 2.4 + "7 + •2 - .5 — + - -5 + 1.5 + 1.9 - .1 + .3 + - -5 + .1 - .1 .7 + + .2 .5 .3 - 1.6 - 1.1 + 1.3 - + 6.5 +21.9 - .8 + 2.8 - 1.3 +22.7 + 1.7 - 1.7 + .8 - .4 - 1.3 + .9 - 1.3 -- + .2 + .2 + .1 + 1.0 Comme&ity dealers -20.0 Sales finance companies Construction -71.4 - 8.9 - .1 All other types of business + 5.4 Unclassified changes - net -65.7 -30.3 - 1.8 -27.9 + 2 . 3 - 5-2 - 7.1 - 1 . 3 -10.4 - 8.2 - 2.6 + .2 Net change in commercial, industrial, and agricultural loans -96.0 - 7.0 -35-0 + 1 . 0 -13.0 Net change in classified loansi/ - 2.5 - 1.6 - .2 + .7 + • 5 + 1-3 + -5 - .2 -5 + 1.1 - 1.1 -9 + 1.0 + .1 + .1 - 1.0 .4 + 1.1 - .2 .1 - -5 - 1.0 - 3-5 -38.2 + 1.6 - 5-1 - 4.0 - 1.1 - .2 - 1.4 - 6.8 - . 2 - . 1 - 1.1 + 1.7 - -5 - .3 + 1.7 - 2.5 - 2.1 - .1 - .2 Public utilities (including transportation) .6 - .8 +18.7 + + 1.3 + .4 + +11.0 ( .. J + .4 + .7 - .2 - 6.1 + + 1.0 -22.1 + — — - 8.0 - - + .2 ! :) + -2 + .4 - 1.7 - .3 - .9 ( F - JL4. ) *+ + 1.8 - 2.3 - 1.3 - -5 - .7 .6 + .4 - .1 - 1.5 + 3.2 + .1 - 1.8 - 1 5 . 5 - 2.4 + .4 - .1 - 1 . 9 - .2 . .6 + . 7 - .5 + .2 + . 3 - 1.4 - .2 - 1.2 - • 1 - .6 + 3 . 4 -1.4 + .8 + 1.0 + 1.8 + 5.4 + + 1.8 + 1.2 -14.0 - 5 . 5 -16.0 + 3.5 + 3.0 -30.0 - 2.0 + 4.0 + .9 .9 + .3 '5 .7 + .2 - .2 + 2.9 + 1.1 + -5 .5 -1.1 + 1.8 - 2.1 + 9.1 - 2.3 -13.7 + 7.0 -16.0 g/ 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 70 per cent of those of all commercial banks.
@FedFRASER