View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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
Chicago 1
Boston
cisco p/
Louis apolisl City
York delphia j land mond"! Atlanta
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•