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

H.12

June 3> 1953

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Commercial, industrial, and agricultural loans at weekly reporting member
banks declined by $129 million during the week ended May 27• Repayments of $32
million were made by commodity dealers, $26 million by sales finance companies,
$21 million by manufacturers of food, liquor, and tobacco products, and $19 million
by public utilities; there was also a decline of $24 million in unclassified loans.
Most of the decline in loans to public utilities was in the Philadelphia District.
The only businesses in which net increases were reported were in the
wholesale and retail trade, construction, and manufacturers and producers of petroleum, coal, chemicals, and rubber products; these increases were relatively small.
Changes in loans during the week and since the year-end were as follows:

Business of Borrower

Week
ended
Since
May 27 p/
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

- 21
- 5
- 9
+ l
- 2

~
554
+ 110
+ 372
+ 61
+ 53

Trade — wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

+ 7
- 32
- 26
- 19
+ 5
- 4

+ 206
- 540
95
+ 80
+ 11
32

Classified changes - net
Unclassified changes - net

-105
- 24

1/

-

Net change in commercial, industrial, and agricultural loans

-129

1/

-

-

329
234
563

p/

Preliminary; see footnote on attached table.

1/

Excludes increase of $193 million in commercial, industrial, and agri
cultural loans resulting from revision of series, March 4, 1953*




CHANGES" IN' COMMERCIAL A1TO INDUSTRIAL* LOAMS OF A SAMPLE OF-WEEKLY REPORTING MEMBER BASKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MAY 27, 1953

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

Sales finance companies
Public utilities (including transportation)
Construction
All other types of business
Net change in classified loans l/
Unclassified changes - net
Net change in commercial, industrial,
and agricultural loans

2.3
«3

- .2
- .2

+ .3
-1.3

.9 + .4
+ .2
.5

+ .2
- .6
+ .1

.1 + .6
+ *3
- 3.9 -l.l

+ .4
- .5

+ .1 -20.5 - .6
-2.7 + .7 + .8

-2.4 - .3
- .4 - .5

-2.1

+ .7 -10.3 -1.2
- .3 + 3.7
+ .3 + 1.6 - .3

+3.3 + .1
+ .4 - .2
-2.9 - .4

+ #1
+ ,4
- .5

+ .6
+ .1

- ',
- 32.2

+ .2 + .5 - .2
+1.7 - 1.9
- .2 -12.2 + .3

+1.3 + .8
- + .2
-4.0
- .5

+ .3
- .2
-i»i

+ .5
- .9
-2.8

-

- 25.9
- 18.9
+ 5-2
- 4.1

-3.7 + .1 +
-1.2 -

-7.2 -1.2
- .1 - .4
+ .5
+ .8 +1.3

+ .4 -12.2

-

- .3
- .6
+1.9

- .5
+1.7
+ .9

+

-104.6

-7.5
+1.5

-4.3

-1.7
+1.7

-4.3
-4.7

- 9.5 -3.3
- 1.5 -1.7

+ .9

- 24.4

-5.0 -54.9 - 7.8
+1.0 - 7.1 - 1.2

-129.0

-4.0 -62.0

-6.0

-6.0

-9.0

-11.0

- 20.9
-

4.6

-

8.9

+ 1.0
- 1.8

1+

6 5

—

«• —

4.0 +7.0
7.7 -13.3
2.5 - .3
7.3

- -

- 9.0

"

-1.7

"

— —

+9.1
- .8
-

"

-

.4 -1.0
.5 -2.2
.9 + .1
.3 - .2

—

- 1.5
+ •1

.5
- -

-1.0
-2.5
- .1

(+
(

+

.9
.2
.9

+

.3

) + 2.6

-2.3

- 3.9

+ .5
+3.1
+ .8

- 2.7
+ .2
+ .8

- .3

-

-2.9

-2.2
- .8

O
Lf\
1

Trade:
Wholesale
Retail
Commodity dealers

(in millions of dollars)
San FranSt.
Minne- Kansas
Phila- Cleve- RichNew
All DisDallas
Atlanta Chicago
Boston
cisco p/
Louis apolis City
mond
York delphia land
tricts]]/

1
\_n
b

H.12(a)

-2.0

-3.0

-12.0

-1.4
+2.8
+ .5
+ .4

- 7.0

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.
1 / 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 70 per cent of those of all commercial banks.




.7