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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.




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