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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) July 1, 1954 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY A decrease of $72 million in loans to manufacturers of metals and metal products and an increase of $56 million in loans to sales finance companies were the principal changes in commercial, industrial, and agricultural loans at weekly reporting member banks, which decreased $14 million during the week ended June 30. For the first half of 1954, the decrease in these loans at reporting banks totalled $1.5 billion which was nearly double the decrease during the first half of 1953. By industry, the most significant change was in manufacturers of metals and metal products, where such repayments were made this year in contrast to increased borrowing a year ago. 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 Week ended June 30P/ Cumulative since year-end Dec. 30 Corresponding 19532/ period, 1953 (In millions of dollars) 503 55 582 11 3 -657 +156 +420 - 45 + 90 40 363 171 + 126 + 74 + 102 +215 -644 - 91 + 12 + 18 - 11 Classified changes - net Unclassified changes - net -14 + 3 +56 + 6 + 3 +_1 -27 +13 1,315 183 -536 -269 Net change in commercial, industrial, and agricultural loans -14 -1,498 -805 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business - 7 - 2 -72 - 3 - 4 g/ Preliminary; see footnote on attached table. - + - - - - CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JUNE 30, 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 San FranAll Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas cisco 2/ Louis apolis City York delphia land mond tricts B/ (In millions of dollars) - 7.1 - 1.6 + -71.8 - 3.4 .6 -46.8 + • 8 1.3 1.2 + 2.3 - 6.6 + .1 + • - 3.5 .1 - 2.9 + 3.0 - 8.6 Commodity dealers Sales finance companies Public utilities (including transportation) + 2.5 + +56.0 - + 5.8 + Construction + 3.3 - All other types of business + 7-0 + Net change in classified loans!/ -26.8 + 4.6 -24.5 + 3.4 Unclassified changes - net +12.8 + 1.4 - 8.5 Net change in commercial, industrial, and agricultural loans -14.0 + 6.0 E/ . ) + 6.3 2.2 1.1 • 5 + 1.0 + - + wm mm - - - .1 + .3 2.1 + 1.9 :-l4.0j ' .6 .5 .9 - 9.8 + -5 + 1.0 .4 - 2.4 + 1.7 - 1-9 - .3 .3 .4 + 7-8 + .4 - .5 + .4 .6 +38.4 + .4 + .6 + 1.4 • 3 + 7.7 + 1.9 + 1.4 + .5 • 3 + .1 .3 - 1.4 + • 3 - - + + .1 + 1.0 - - - -19.0 - 2.3 + - .9 .3 + .2 .4 + •3 .1 + .2 •3 + .1 .4 •4 + *4 .6 .2 + + .9 .6 .4 .8 + 4.3 1.0 .1 .1 - 1.9 + - 5-2 + - .6 + 1.4 + - .1 .6 - - .9 • 3 + .2 + .5 + 1.8 .1 (+ .2 ( .6) ) 4.9 - .2 + 2.1 - 3.6 +10.4 + .4 + 1.8 - • 5 + 1.6 .3 - .6 - 3.9 - .6 + .2 .2 + .3 + 3.8 + 1.2 - - + 1.5 + .1 - .4 + 1.0 4.3 + 5-0 4 1.5 - - .4 .4 .2 + 2.0 - .2 - .2 .6 + 1.2 + 3.8 + 1.6 + 5-5 + 1.1 + 1.0 -14.5 - 2.1 + 3.0 - 7.5 + 5-3 + 3.5 +15.2 + 2.4 - 1.0 + 4.0 -22.0 + 1.0 + 5.0 + 5.0 +19.0 + 4.0 2.4 + 2.5 -33.0 + 1.0 - - + •3 .2 .3 .7 1.1 + 1.0 + + 1.7 - .1 + • 3 + .2 " - •7 + .2 3.0 - Preliminary; final totals will appear in the F. E. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. sssa-ss Versus sfmr c e n t o to f
