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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

H.12

July 8, 1953

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Repayments by practically all business classifications resulted in a
decrease of $212 million in commercial, industrial, and agricultural loans at
weekly reporting member banks during the week ended July 1, The only business
classifications showing net increases in loans were wholesale and retail trade
and manufacturers of textiles, apparel, and leather products.
The principal repayments were $82 million by public utilities, $36
million by manufacturers and producers of petroleum, coal, chemicals, and rubber
products, $3lt million by manufacturers of food, liquor, and tobacco products,
and $26 million by manufacturers of metals and metal products. Most of the decrease in loans to public utilities and to petroleum companies occurred in the
New York District, largely reflecting the proceeds from new security issues
being used to repay bank loans.
Changes in loans during the week and since the year-end were as follows
Week
ended

Business of Borrower

.

July 12/

Since

.

December 31B/

: millions of dollars)
n
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 and transportation
Construction
Other types of business

—
+
-

3U
5
26
36
—

+ 6
- 11
- 2
- 82
wm—m

Classified changes - net
Unclassified changes - net
Net change in commercial, industrial, and agricultural loans
p/

h
-185
- 27
-212

-

-655
+155
+U20
- U6
+ 95
+21U
-6UU
- 92
+ 2
+ 17
- 12
-5UU
-261
-805

Preliminary J see footnote on attached table,

In addition to the usual weekly table, a monthly table is attached
showing changes during June 1953 compared with the preceding month, with June
1952, and with the past twelve months.
Increases and decreases were about in balance during June. Repayments
of loans by commodity dealers and by manufacturers of food, liquor, and tobacco
products were less in June than in May, but in larger amounts than in June 1952.
Following three months of increases, loans to manufacturers and producers of
petroleum, coal, chemicals, and rubber products declined in June; this was in
contrast to an increase in June a year ago.
Loans to manufacturers of textiles, apparel, and leather products, to
sales finance companies, to public utilities, and to "other" types of businesses
increased in June; they had declined during May«/Loans to these business categories had also increased in June 1952 and, with the exception of textiles, in
larger amounts,
Loans to manufacturers of metals and metal products, to "other" manufacturing and mining, to the wholesale and retail trade, and to the construction industry increased in all three of the monthly periods shown in the table.

As in most recent months, all business categories show net increases
in loans over the twelve-month period.



H. 12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPIE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 1, 1953

Business of Borrower
Manufacturing and minings
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

Xln millions of dollars)
All Dis-I
New
Phila- Cleve- Richtricts P/ Boston York delphia land mond Atlanta Chicago

St. Minne- Kans as
San Fran—
Louis apolis City Dallas cisco p/

-5k.i
+ it.8

+ 1.6
+ .9

-19.1
+ 2,7

— —
+ 1.0 -

.1 - 1.7
.1 - 1.2

- 1.3
— .6

-17.5 + 1.5
+ .3 + 1.0

+ .6 + .9 + .t + .t
I
i

.5

+ 1.5

-25.7
-35.8
- .1

+ 2.h
- 1.0
+ 1.0

-22.6
-33.0
+ 3.3

+ .1 + .3 + .6
- .7 + .6 - .5
+ .3 - 2.3 + .1

+ .5
+ ,t
i
l.l

- It.7 — 2.6
- 3.2 - .3
+
.-7

- . t * .1 - . t
I
i
+ .1 + .1 + 1.6
+ .2 - .9

+ 1.0
+ .1
- li
.t

( . J
r 5.9)

- .5
- 1.0

- U5
- 2.8

-

. t - 1.7 - l.l
I
i
.7 - ,k + . t

+ .3
+ .8

+ 2.5
- 2 . t — 1.0
tl

- .3 +
+ .1

,8 - .9
I
- 1.9 - 5.2 + . t

- 1.1

— 2.It +

+ 1.2

* 7.2 + 5.2

- .3 + 2.9 + .5
+ 1.8 + .6 - 1.9

+ l.it *

+ .3

- 6.1 + .2

+ .3

.2

+ .5

—

+ 2.1 +

- 1,3
- li
.t

mm mm

.5 (
C

e5

) + 1.6
) +1-5.0

Commodity dealers

-ll.lt

- i . 1 - 9.0
t

Sales finance companies

- 2.h

- 3.6

Public utilities (including transportation)

-81.9

Construction

-

- I . 1 -7li.O
t
- .1 + .2

-

.1 +

All other types of business

- 3,8

- 1.2

+

.8 - 1.1 + 3.1

+ .1

+ 2.0 + .9

—
+ .7 - ,5
- .1 4- *2 - 2.3

+ .2 —10.0 - 3.1

- 1.3

-23.5 + 6.1t

+ 2.9 + 5. I - 3.6
t

+11.0

- 2.2

+ 1.3

+ I. 5 +
t

.6

- 1-9 + 1.6 * 2.6

- 6.0

Net change in classified loans3/
Unclassified changes — net

*3

-18itf8
-27.2

+ 1.1

- it.8

- 9.7 -159,5
- 3.3

-18.5

+ .t i

a

- .3
.7 - 2,0

—

- 5.9

.8

.7

*8

—

-

+ 2.7
- 7.3

Net change in commercial, industrial,
and agricultural loans
-212.0
-13.0 -178.0 - 2.0 -10.0 - 9.0
——
-19.0 + 7.0 + 1.0 + 7.0 - 1.0 + 5.0
-J
p/ Preliminary; 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 per cent of total
commercial and industrial loans of all weekly reporting member banks and nearly JO per cent of those of all commercial banks.



.

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

Business of Borrower

(In millions of dollars)
k weeks
ended
June 2k, 1955

Manufacturing and mining;
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

I. weeks
j
ended
May 27, 1953

I. weeks
4
ended
June 25* 1952

12 months
ended
June 2k, 1953

- 64.8
+ U 0.8

-103.5
- 18.7

- 34.9
4 2.1
-

+133.0
+110.4

+ 72.1
— 66.0
+ 39.7

+ 33.7
* 5.8
+ 29.8

+ ge.7
+ 1*3.7
+ 15.&

+446.1
+240.2
+131.0

Trade — wholesale and retail

+ 2,3

+ 23,1

+ 5.2

+31*8.9

Commodity dealers
Sales finance companies
Public utilities (including transportation)

- 91.1
+ 7.9
+ 4,9

-12b.0
- 96.3
- 20,8

- 53.1
+ 69.8
+ 58.8

Construction
All other types of business

+ 9.6

+ 3.0

+ 15.1

• 30.2

+ 26,4

-

3.7

+ 34.2

+183.3

Net change in classified loans!/

- 18,2

-271.3

<2,134,2

Unclassified changes - net

- 20.8

- 25.7

+249.4
+ 8,6

Net change in commercial, industrial,
and agricultural loans

- 39.0

-297. 0

+258.0

+1,842.0

l/ See footnote on preceding table regarding current coverage.




'

+ 29.3
+454.&
+ 27.4

-292.2


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102