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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12
(For Immediate Release)
June 17, 1953
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Increases of $20 million in loans to manufacturing of textiles, apparel,
and leather products, $17 million each to sales finance companies and to "other"
manufacturing and mining, $16 million to public utilities, $11 million to manufacturers of metals and metal products, and $9 million to the construction industry
were the principal factors in the $4-2 million increase in commercial, industrial,
and agricultural loans at weekly reporting member banks during the week ended
June 10. Partially offsetting decreases included $36 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products and $17
million to commodity dealers.
An increase in loans to manufacturers of food, liquor, and tobacco products amounting to $3 million was the first weekly increase in this business category since March 18. Most of the decline in loans to manufacturers and producers
of petroleum, coal, chemicals, and rubber products occurred in the New York and
Chicago districts.
Changes in loans during the week and since the year-end were as follows:
Business of Borrower
Week
ended
June 10 p/
Since
December 31 p/
(in millions of dollars)
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining
+
+
+
+
3
20
11
36
17
-604
+130
+392
+ 23
+ 79
Trade -- wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business
+ 4
- 17
+ 17
+ 16
+ 9
+ 3
+207
-596
- 87
+ 59
+ 13
- 38
Classified changes - net
Unclassified changes - net
+ 48
- 6
-423
-235
Net change in commercial, industrial, and agricultural loans
+ 42
-658
p/ Preliminary; see footnote on attached table.
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE 10, 1953
H.12(a)
(in millions of dollars)
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
All DisBoston
tricts p/
New
York
Phila- Clevedelphia land
RichAtlanta Chicago
mond
+ 2.6
+19.9
2.2
+ 3.2
- 5.5
+12.1
1.0
+ 2.2
+
-
+11.1
-36.0
+17.2
+ 1.0
7.4
+ .3
+ 7.1
-19.7
+13.8
1.5
.2
+ .7
+ 5.6
+ .6
+ .9
+ .4
- .1
+ .2
- .3 + .9
+ 1.6 + 2.2
-
.8
.4
- .9
- .3
- 6.9 -
+
.9
-2.2
-
<+ 4 - 2 '
.3
.1
.8
+
+
.3
.6
4- 7.9
+ 1.0
+ .4
- .7
+
.1
.2
•9
4.1
9.9
+ 1.7
+ .9
- .6
- .8
.3
;2.0.5
- .1
•
.9
+ 2.2
-
2.2
- .3
+ .2
+ .1
- .4
+ 3.2
+ .8
- .7
+ .1
+ .2
+1.4
+ 2.3
+ .2
+ «3
+ .4
(" * 9 )
-2.3
- .2
-1 • 1
-3.4
+
.1
5.6
-1.8
+ .3
- .1
-1.6
-
.6
+ 5-3
- .1
+1.5
+1.4
+
.6
+ .2
- .1
- .4
- .1
+ .7
+ 4.2
Commodity dealers
-16.5
-
Sales finance companies
+17.3
+
.1
+40.6
+ 2.2
-14.1
+ .1
Public utilities (including transportation)
+16.0
+ 2.5
+10.4
+ 1.3
- 6.9
--
Construction
+ 9.2
-
.2
+ 1.8
+
.2
+
.2
-1.2
+
.7
+
.8
+ «3
- .1
+ .3
+5.9
+
.5
All other types of business
+ 2.6
+
.9
+ 3.5
+
.1
+
.8
-1.4
+
.7
+ 1.2
+ .6
-1.0
+ .3
-3.2
+
.1
Net change in classified loans —/
+47.6
-
4.1
+58.5
+ 6.3
-13.2
-4.9
+
.1
-
2.0
-4.2
-1.1
+ .9
- .6
+11.9
Unclassified changes - net
- 5*6
+ 2.1
+ 3.5
3.3
+ 1.2
-1.1
-
.1
-
2.0
- .8
- .9
+1.1
-1.4
3.9
Net change in commercial, industrial,
and agricultural loans
+42.0
2.0
+62.0
+ 3.0
-12.0
-6.0
-
4.0
-5.0
-2.0
+2.0
-2.0
+ 8.0
.
-
1.9
• 5 - .5
.5 +1.0
San FranMinne- Kansas
St.
Dallas
cisco p/
Louis apolis City
-
- -
- -
-
— —
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.
@FedFRASER