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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 June 24, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Practically all industrial classifications participated in the increase of $253 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended June 17• This was the largest weekly increase in these loans since the week ended March 18, which was also around a quarterly tax-payment date. The principal increases were $106 million in loans to sales finance companies, $62 million to manufacturers of metals and metal products, and $47 million to public utilities; there was also an increase of $49 million in unclassified loans. The only sizable decrease during the week was in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, amounting to $57 million; there were also small decreases in loans to manufacturers of food, liquor, and tobacco products, and to commodity dealers. Changes in loans during the week and since the year-end were as follows: Business of Borrower Week ended . June 172/ Since , December 3l2' (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 - 8 + 11 + 62 - 57 + 9 -611 +141 +455 - 34 + 87 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business + 8 - 13 +106 + 47 + 11 + 29 +214 -612 + 20 +106 + 24 - 10 Classified changes - net Unclassified changes - net +204 + 49 -219 -186 Net change in commercial, industrial, and agricultural loans +253 -405 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 IT, 1953 (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 San FranSt. Minne- Kansas Phila- |CleveNew All DisDallas Boston Atlanta Chicago 1 cisco p/ Louis apolisl City mond"! delphia j land York tricts p/ + .5 - .6 + .8 + .1 - .7 + .4 + + +5.2 - .9 + .3 +1.0 +1.7 + .3 + .3 + .2 + .6 +1.0 - .1 + 1.5 - 1.1 + 1.4 + 1.7 + 4.3 - .5 + .1 +1.7 + .2 - .1 + .2 + .5 (+ .7} ) - .8 ( + .6 -2.1 -1.2 - .6 +23.3 + 3.8 -5.5 +1.4 -2.1 + .2 +1.0 + .1 + 6.2 - .7 -1.5 + 3.5 - .7 -1.9 + 2.9 + 2.1 - .2 + .2 +1.5 + .3 + .5 +1.0 +5-9 -6.8 + 2.2 -1.0 - .1 + .2 +3.0 +120.0 +11.4 +1.0 + 4.0 + 2.6 - .3 +1.3 -3.4 +1.4 -4.0 -1.0 +57.1 - 2.1 +5.1 + .9 +2.6 -2.5 +1.5 +11.5 +3.4 +3 • 8 -1.8 +4.0 +124.0 +14.0 +1.0 -2.0 -5.0 +55.0 +6.0 +6.0 +2.0 -1.0 +49.0 - .8 + .5 - 1.8 + 6.1 +2.6 + .7 + .2 + .3 + .7 - .2 +1.0 +18.1 - 6.6 + 3.7 - .4 - .8 - .2 + .2 + .1 -1.1 +1.7 +6.4 -1.5 -1.8 - 8.3 + 11.3 - .1 +3.6 + .1 .5 -1.7 + .1 - .9 + 62.4 - 57.4 + 8.7 +2.4 + 26.1 + 4.4 -4.7 - 42.6 + 2.1 -1.0 + 1.4 + .2 +1.4 -6.6 +1.3 - 12.8 + .2 + +1.1 + + .7 .3 1.6 Sales finance companies Public utilities (including transportation) +105-5 + 47.4 -3.3 + 82.7 + 4.1 +2.2 + 35.1 - .6 Construction All other types of business + 10.6 + 29.1 + .3 - 3.8 + 2.1 +1.6 + 28.0 + 1.7 Net change in classified loans l/ Unclassified changes - net +204.3 + 48.7 Net change in commercial, industrial, and agricultural loans +253.0 Trade: Wholesale Retail Commodity dealers (. (+ v A) i,s ) - 6.9 + 1.2 - 1.3 5.0 7.5 - - - - - - - - - — .6 .4 + 1.5 - 7.5 - .9 + 3.7 +37.5 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 21$ weekly reporting member banks are reporting changes in their larger loans as to industry, these banks hold over $0 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•
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