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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12
(For Immediate Release)
July 15» 1953
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Moderate increases in loans to a majority of the business classifications were largely offset by declines of $20 million in loans to manufacturers
of metals and metal products and $17 million to the wholesale and retail trade,
with the result that the net increase in commercial, industrial, and agricultural loans during the week ended July 8 was only $>5 million.
Nearly half of the increase of $16 million in loans to manufacturers
of textiles, apparel, and leather was in the St. Louis District. The increase
of $8 million in loans to commodity dealers was the first weekly increase this
year in this business category; and the increase of $6 million in loans to
manufacturers of food, liquor, and tobacco was the third weekly increase since
J anuary.
Repayments during the week by manufacturers of metals and metal products were largely in New York and the repayments by the wholesale and retail
trade were largely in the San Francisco District,
Changes in loans during the week and since the year-end are shown
belowj the third column shows the changes during the comparable period last year
Week
ended
Business of Borrower
Manufacturing and mining t
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining
Since Last Wednesday
of December
^
1952R
1251
(In millions of dollars)
+ 6
+ 16
- 20
+ 6
+ 3
-651
+171
+Uoi
- 39
+ 9h
-905
- 80
+1,039
+181
+ 71
- 17
+ 8
+ 2
- ~U
- l
+198
-636
- 89
+ 12
+ 15
- 12
-12 U
-615
-177
-167
+ 20
+ U
Classified changes - net
Unclassified changes - net
+
l
6
-537
-263
-751
- 89
Net change in commercial, industrial, and agricultural loans
+
5
-800
-8U2
Trade — wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
1
Construction
Other types of business
p/ Preliminary; see footnote on attached table,
H.12(a)
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 8, 1953
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
Tradej
Wholesale
Retail
(in millions of dollars)
Phila- Cleve- RichNew
All Dismond Atlanta Chicago
tricts p/ Boston
land
delphia
York
+ 5*6
+15.5
+ .1
+ 3.5
+
.7
A
- ,6 + .8 +
+ 1.7 - 1.1 -
.2
.5
+
.5
.1*
+ 5.5
+ 3.5
San FranSt. Minne- Kansas
Louis apolis City {Dallas cisco p/
+ 2,9 +
+ 7.5
*
+
,2
.2
—
»8 *1 -
.1
,U
+
.6
(_
r
.3
—
.U
^ 2*2
~ *1
.8
.9
—1—
•
*19,8
+ 6,1
+ 3*h
(
r
17
)
- )
2
Commodity dealers
+ 8.2
Sales finance companies
+1,7
Public utilities (including transportation)
-T
+
+
+
.1 +
.It +
,u —
.1 -
.2
.2
.8
+
+
.1
.5
.8
— 6.6
—
—
- 1.7 — .2 + 1.6 + ,2 +
.1
.5 +
.1
.5
-
.b
.9
- .6 + 2,3
- it.8
-
.2
+
.2
+ 1,9 + 3.2 -
+ 3.9 -
.9
- 7.U
+
+ 3.3
+
+
.2
.6
-15.5
+ 7.2
- .3
+
-
.6
.7
+ 3.1
- .9
+
.9 .3 +
- .5
+ 2.2
+ 1.5
+
,8
+ 7.7
+ 2,1
Construction
- 3.7
+
All other types of business
-
,7
- 1.0
Net change in classified loansjV
-
.9
Unclassified changes - net
Net change in commercial, industrial,
and agricultural loans
+ 9.0
.3
.3
-
— —
.2
.5
+ 1.0
) - l.U
* ) -12.0
.1 -
.5
+
.7
+1,0
+
- U. o
- 3.6 - 3,2 - 1,9 - 3.3
+1,7
+ 1,0
.1
+
.it
-
,ii +
.2
+
*1
- 1.5
+
*5
- 3.9
.2
- 1.0
+ 5.2
- 3.1 - b*2
+ 1*6
-12.9
-
*6
+ 9.9
^ 1*0
- 3.0
.2
+
+
.9
—
—
+
.2
+
.1
-
.1
-
.1
+
-
,2
-
.1
-
-
.7
+ 2.5
-
.9
—
•1
- 1,8 —
.2
-
.1
+ 5.0
+ 8.5
+ 6.3 -
+ 5.9
+ 1.0
+ 1.5
+ 1.7 - 1.3
+ 5.0
+ 6*0
+10.0
*6
+
-
*2
.7 - 2.7
— 1^6
- 6,6
+12.5
+
.7
- 1.1+
-
+
+ 8.0 — 2. 0 - 2.0
- 6.0
- 7.0 +13.0 - 5.0 — 8*0
,U
.5 - 1.9 - 3*8
.5
p/ Preliminaryj 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 P e r cent of total
commercial and industrial loans of all weekly reporting member banks and nearly JO per cent of those of all commercial banks*
@FedFRASER